To The Moon

Mr Jim Rogers

You may or may not have heard of him - Mr Jim Rogers.

If you have listened to his “live” talk/speech, you would be charmed by the way he eases what he wants to convey effortlessly.

Who is Mr Jim Rogers again?

• Mr James Beeland Rogers Jr. is an American investor and financial commentator.

• He has been based in Singapore since 2007; where he & his family could be (in Asia) and be closer to what he and many others argue is the Economic heart of the World.

His Accolades:

• He is the Chairman of Beeland Interests, Inc.

• He was the co-founder of the Quantum Fund and Soros Fund Management.

• He was also the creator of the Rogers International Commodities Index (RICI).

His Books:

As a prolific writer, he has authored 8 books. How’s that as an all-rounder:

• 1994: Investment Biker: Around the World with Jim Rogers

• 2003: Adventure Capitalist: The Ultimate Road Trip.

• 2004: Hot Commodities: How Anyone Can Invest Profitably in the World's Best Market.

• 2007: A Bull in China: Investing Profitably in the World's Greatest Market.

• 2009: A Gift to My Children: A Father's Lessons For Life And Investing.

• 2013: Street Smarts: Adventures on the Road and in the Markets.

• 2019: Number One Bestsellers in Japan: The Future of Japan.

• 2019: Number One Bestsellers in Japan: A Warning to Japan.

His Advises Track Record?

A Republican at heart, he is known for his contrarian views and preference for investing in hated or undervalued assets.

He is also an outspoken critic of central banks and their money-printing policies.

His advises are based on his extensive research and experience in global markets and commodities. Objectively, his accuracy has varied depending on (a) time horizon and (b) market conditions.

He has been Wrong about :

• Collapse of Japan. With a rapidly dwindling population; perhaps another 15 years’ ’time?

• End of oil. I think it’s not yet but its inevitable that eventually supply will run dry.

• Demise of Bitcoin. As long as there are punters and short-cutters out there, if not Bitcoin it will be other risky investments.

He has been Right about:

• Rise of China. No argument about this alright!

• Boom in commodities.

• Decline of the US dollar. This is something that I have posted recently too - US Stock Mkt Falls When USD De-Dollarization Starts? If you have not read it yet, Click on the post’s title. Give a “LIKE” after reading ok. Thanks !

What Are His 7 Quotable quotes?

(1) "Next bear market will be the worst in my lifetime, because:

• Debt has gone up by such staggering amounts in the past 14 years." (Rogers said the 2008 crash was caused by excessive amounts of debt).

• Cue to 2023 current debt ceiling of $31 Trillion where borrowings have ballooned since 2008, suggesting a far worse downturn lies ahead.)

(2) Should always be concerned about Washington. They don't have a clue what they're doing. And they prove it day in and day out." He was discussing the current political gridlock over raising the debt ceiling.

• Haven’t we all been covering about the debt limit crisis of late ourselves? LOL !

(3) Should be extremely worried. (Rogers was commenting on de-dollarization fears.):

• If you're not, you don't know what's going on.

• Many countries (eg. BRICS & ASEAN) are starting to look for alternatives to the US dollar, partly because of its horrendous debt problem.

• I'm looking every day, because I know that something bad is going to happen in the currency markets in the next two or three years." .. said Mr Roger.

(4) Interest rates are going to go higher worldwide.

• I don't know how high they have to go to kill inflation this time around.

• The world has never seen the debt and the spending and the money printing like in the last few years.

• So something is going to have to be very, very ruinous to solve this problem this time.

(5) There'll be trouble in all the markets:

• Property markets.

• Stock markets.

• Bond markets.

• Currency markets.

You have to learn about cash or selling short in order to survive what's coming.

(6) I don't think that the world is going to convert to bitcoin.

• It will be computer money, but it will be government computer money.

(7) The best place to be when you have inflation is real assets, and real assets are commodities. The cheapest asset that I know is still commodities." (Rogers said he owns some silver and gold currently.)

What I Think Of The Above 7 Quotes ?

• Certainly food for thoughts for every investor out there.

• I concur with some of the points mentioned and I have covered them myself scattered across all my posts eg. Cash is King for now.

• Diversifying your portfolio into assets is something that I have started doing my homework as well. Its in my pipeline when it comes to investing.

• Really believe the demise of US dollars are in motion. As mentioned in my post, it will not happen overnight for the dollars’ intrusion foundation is very strong. However once erosion begins, “time” will be the element that will set to wear down this monopolistic currency.

• Digital currency is inevitable but it will be regulated digital currency; that is still backed by asset-gold.

• Do you think Mr Roger’s 7 quotes are worth a pour over?

• Do you think you will heed his advise/s in the very near future?

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