Oct
12
“Inflationary Holocaust”
Filed Under Stock Market
Man, its hard being a contrarian when you are surrounded by sheep, isn’t it?
Jim Rogers retired billionaire hedge fund manager, financial guru, world adventurer (2 times over) and hardcore contrarian … ( and my personal hero) says…
“…they [referring to governments] are unleashing an inflationary Holocaust”
Give up on any fantasy that there is a ’soft landing’ or this will be a short correction or a ‘rebound.’ This is going to hurt like hell … for sheep.
Hey, the truth hurts, folks. Suck it up, walk it off and dry your tears, ok?
Rogers believes:
- Bailouts are delaying the inevitable - world market crash
- The faster we let things crash the faster the markets will correct, recover and return to normal
- “Let ‘em go bankrupt!”
- Hyperinflation is coming
When you watch this video you can tell the anchors DO NOT like what Jim Rogers has to say.
HINT: Ah… when a billionaire financial talks you may want to just shut up and listen.
“Everything is being liquidated. Everything!”
“In a period like this you need to own the things where the fundamentals have not been impaired.”
The journalists then probe him to get specific on what equities he’s going to buy when
“I don’t think I’m I want to buy equities when the market caves in. I don’t think equities are going to come out on top.
Normally when you have a PANIC you buy the things where the fundamentals have been unimpaired and they will lead the market coming out.
Morgan Stanley is not going to be unaffected by this. So I’m buying commodities. Commodities are the only thing I know unimpaired with supply and demand terribly out of balance.”
What is Jim Rogers Rogers Buying?
What is Jim doing with his money and capital in his monster fund right now?
Buying more…
- Agricultural commodities (I’ll discuss which ones in a another post)
- Japanese Yen
- Swiss Franc
He is very bullish on Asian markets.
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