Socio-Economics History Blog

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Jim Rogers Reiterates His Call For A Crash Of Epic Proportions

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  • Jim Rogers Reiterates His Call For A Crash Of Epic Proportions
    by 
    This past May, Rogers had such a dismal outlook that he warned “A $68 trillion ‘Biblical’ collapse is poised to wipe out millions of Americans.” Since then, the Dow has hit record highs above 20,000 and many other fragile bubbles continue to expand.

    And just this week, Jim did a podcast interview with Erik Townsend and Patrick Ceresna on their show called “Macro Voices” in which he was questioned on a variety of topics. He didn’t contradict any of his previous statements, though he certainly had opportunities to do so.

    Most notably, Rogers offered another warning statement; “Get prepared,” he went on “because we’re going to have the worst economic problems in your lifetime and a lot of people are going to disappear.”

    Jim went on to reference the demise of both Bear Stearns and Lehman Brothers which were around for 90 years and over 150 years years respectively. Both despite surviving two World Wars, still disappeared overnight while days before, Jim Cramer, on CNBC, admonished that Bear Stearns was a buy at $62… six days later it was bought out by JP Morgan for $2 a share.

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February 16, 2017 - Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , ,

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