the laws of economy dont change...you can build up a debt ,but one day you have to pay back ,i see huge sums of loaned money thrown away in wars..that money is gone and if wars are lost there is no return.....no loot....that is waiting...
@@davidmooten6646 a billion here a billion there to this or that country gets added to GDP and when the GDP comes out it gives the appearance that everything is Rosie
The economic crisis and downturn are all the signs of 2008 market crash 2.0, so my question is do I still save in the US dollar or is it okay to move all emergency and savings to precious metals?
Gold and Silver are often seen as a safe-haven asset that can protect against inflation and economic uncertainty. But like any investment, it carries risks. To determine if gold is the right investment option for you, an investment advisor can help you weigh the potential benefits and risks of investing in gold. They can also help you create a well-diversified portfolio that includes gold as part of a broader investment strategy. An investment advisor can help you decide how much of your portfolio should be allocated to gold and select other investments that can complement your gold holdings.
Investing in gold is a reliable choice, and I plan to keep buying more to make up for my losses. While silver is also a good investment, my collectibles are not as similar. It's important to have clear investment goals and educate yourself on the type of investment that interests you. I work with a financial consultant regulated by the SEC, and started small, but eventually accumulated over $800,000.
I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.
‘’Marisa Michelle Litwinsky’’ is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Marisa has the appearance of being a great authority in her profession. I looked her up online and found her website, which I reviewed and went through to learn more about her credentials, academic background, and employment. She has a fiduciary duty to protect my best interests. I sent her an email outlining my objectives and also booked a session with her; thanks for sharing.
The USSR fought the Germans to victory, however the United States supplied the USSR that they could do so. The Russians don't get the credit they deserve in the West for the victory, but that isn't to say that victory would have come without the Allies working together.
Great conversation, thank you! Also, may I just point out how privileged we are by having Glenn and Alexander be our regular hosts. I believe that many people may take it for granted, but the knowledge and insight these two gentlemen have really shine through in programs like this - for our benefit.
Would you agree with me that the whole Western world is staring at a Dark Age. They talk about the Bronze Age collapse as a collapse of Systems. Where multiple crisis's hit at once. All these people who say F America what kind of world do they think they will get if America collapses and if they can survive that.
I lived there ...was in the bay area ...oakland and richmond....but know that whole area....from sf to berkeley from el cerrito to alameda...you are right...gavin newsom and crew offering billions in bonds for loans that are benefiting their buddies who get thr contracts while leaving the burden on the the masses...1.6 trilliom dollar debt for the state while the rich make trillions ...they offer all these smokescreen projects like proposition 1 that take billions in loans while offering FALSE SOLUTIONS THAT SOLVE BO ROOT ISSUES! Like a corrupt pharma industry that NEEDS SICK PEOPLE for more money while claiming to HEAL....ITS an inverted system....homelessness and addiction absolutely out of control...give the addicts housing that costs 1 million per unita and build 4000 units form "friends to make money" and your hidden personal gain while letting the CAUSE of homelessness keep burning out of control at root which is a LACK OF REAL CARE and that needs to STOP ADDICTION...the biggest addicts are the elites (rich businesses.getting contracts politicians giving contracts, bureaucrats lawyers covering and signing off of deals etc)...elites that PARASITE of their own people in the name of help that use their tenors to legitimately steal for themselves rhen leave and say "im not responsible" and pass the growing buck ....american masses themselves have become a microcosm of their elites due to brainwashing and the toxic environment they have been reared in...the internal substance of america has been sucked out by the "vampires" leaving just a beautiful looking SHELL thats in impending HELL unfolding before our eyes..a zombie plague. The condition is not a problem of yesterday...but has been growing since post world war 2 imo....anyone that wants REAL PROGRESS is silenced. ..only the parasitical ponsy scheme called "US PROGRESS" that sucks out the life of the feet and body of the society in the name of LEFT OR RIGHT PROGRESS to steal and destroy only ro amass unsustainable and unstable power at the top that is destined to itself fall into the base and body it stole from at the bottom. "From the ashes..." Like you say....i lived in the midwest for 10 years as well and traversed the nation...
Sir, with the greatest respect, America had not won WWII. Russia and other Allies did that. America just scored enormously out of the fact that they waited till the last moment to decide which side of the fence they jumped to and all the countries were destroyed, mainly because the Americans took over power and the Americans did not mind how many millions lost their lives, because it was not their own countrymen. Thank you all three of you brilliant gebtlemen!
I agree and I think , FDR who I believe saw its involvement in the latter part of ww2 as protecting its investment? Churchill kept going back & forth to america pestering FDR to get involved ..FDR according to the historian M hastings said "BUT you still owe us from the 1st Ww" .. All the while britain was sending Duff military equipment to Russia as supposed support!! Britain's "ALLIES" what a joke hey !! Stalin actually write to Churchill saying "ARE you going to help us? Or do you want us to win this war for you ?" .. I read Hastings 2008 book about ten year ago & seeing the west's total denial as with this American , Churchill should have given 100% support to Russia 🤔 ..And never got involved with anerica ...Britain where I'm actually from 😢 Only finished paying off america about 15 yr ago ? This bloke going around the mulberry bush knows Russia gonna win but, still a two bit banker saying " well!!..It Depends?" ..The only honest commitment was saying he got his children learning "Mandarin " .. And said it several times . ATB ❤️
Michael Hudson stated that before the Korean war the U.S Budget was in balance, and all the debt accrued since then has been financing foreign wars. And who has been the only benefactor from these wars?
@@just_golds And owns portfolios of gold and silver, currency and stocks and shares like every ordinary Joe! 😂 My heart bleeds for him with his predicament
Sorry, successful man but a product of his time (baby boomer American hegemony). Some of his comments about Russia and Ukraine and BRICS are viewed through his prism.
😒Well... this was just a rich man's perspective. There's no "good times" for ordinary people today. High interest rates. High Inflation. High engergy costs. Some pensioners can't even afford heat in their homes. Kids can't afford or find their own place, have to remain living with their parents.
@@EastWest-yr2xyDon't think so. He was claiming the good times are now and the bad times will come. He's living in a rich man's bubble. Of course things will get worse, but things are pretty bad already for the average person in Europe and US
I am constantly impressed by the high quality interviews on this channel. Jim Rogers is not someone I am aware of, but this interview was very enlightening. Thank you.
The gap between rich and poor is growing totally out of control. We have a Prime Minister who is richer than the King. When were there merchants richer than kings? How did it turn out?
I’m in my 60s and I’ve listened carefully to the opinions of Mr. Rogers since the 1990s and can say without reservation that if you are an ardent follower of his, you have left millions in profits on the table. He is the epitome of the saying, even a broken clock is right twice a day. There are far better economic minds whose council you should seek.
I would say rather that he is 100% correct, but at a time horizon that is simply too long to be of relevance to the average investor. The American dollar will collapse, but you won’t be affected because you won’t be alive in 2124.
They believe in relic corporate finance.. they believe that gold is the same as credits 😊 btw Kommie has manipulated Reminbi for 40 years and they will bow without clues on that One Child LARGEST BOLLOCK policy.. Am sure they would also like dawgmeat and dawgball 😊
@@limitlesssky3050 to be fair to Mr Rodgers he has also been very clear even though he believes the US dollar to be essentially worthless, he still invests in it because others people impute it value. So OP is being a little unfair.
Thanks The Duran for Hosting Mr Rodgers Legend investor of our time, I have followed him for long time and whatever he said some times ago is taking shape. Legend. Thank you sir for visiting us on the Duran.
No, the plan is to Balkanise Russia, there is no time line. The plan is for war with Iran. And then we have The Finks Bar Diatribe, everything is planned for, digital ID, digital currency, endless wars, New world order, one world bank, it's all planned for.
@@terencem723among the very first things Putin did after Yeltsin brought him on fated 31.12.1999 was make oligarchy and businesses conglomerates disciplined, answerable and decoupled it's influence and pressure from politics. I remember the video where a CEO shakes as Putin asks him to come over and sign where he hadn't, and return his pen. Businesses operate IN a country. In the west, Big pharma, fmcg, big tech OPERATE the country.
@@tom-u8k6y I dont think you understand what capital investments are. They are evaluated in dollars today and in rubles tomorrow. This is the good thing about this type of investment, they are not chained to any specific type of currency.
If Russia does not realise the gem they have with Putin, then they will regret it. When Putins time is finishes, I expect to see statues in his honor all over Russia. I can only wish we has a leader as good and with "healthy" ideas about how to run a country as Putin.
You are 100% right in my opinion. Putin brought Russia out of its really bad situation after the collapse of the USSR and has completely rejuvenated the country. The guy is a hero of Russia and should be and will be a great example of what a statesman should be, God bless him and the Russian people.
It is a death spiral. Corrupt leaders want stupid ignorant(do not confuse being educated with being knowledgeable) population, that is easy to control. But then this population is one that produces next generation of leaders. And so you get dumber and dumber leaders, that create dumber and dumber population, that creates dumber and dumber leaders.... Age of excellence ended long time ago. We are living in age of narcissism, ignorance and entitlement.
I think Jim Rogers is dead wrong on BRICS! Brazil, Russia China...why is he living in Singapure and his daughters are fluent in chinese!!! Because its the future! China is the locomotive of this train, as once was Germany in Europe! I am german, moved to Brazil decades ago, doing business with China, not using the dollar😊
in another interview he said he'd sold all his stocks but kept his Chinese ones. Long term he clearly does still believe China will own the 21st century
@@everready800he became a billionaire because of his knowledge about finance and economy.. So what's your point? His wealth is evidence if his knowledge...
BRICS is the future IMO and I don't think that those who know want us to know. I doubt that Jim Rogers would tell you even if he did know. He gives the game away by telling us that he has taught his children Mandarin
South East Asia is doing great because 1) No war, 2) Most countries integrate with China smoothly to enjoy the growth together and they retain good relationship with the US. Those embroiled in civil war (Myanmar) or unwise dispute with China (Philippines) will be left behind and miss the bus.
All do respect to this gentleman, I think he forgot that during depression money lost its value. In Germany, people had to bring a wheel barrel full money for a loaf of bread. What will happen to the $ if BRICS countries will pull out of the $. How much dollar will worth then? BRICS countries have all the natural and human resources they need. Western countries, specifically EU and UK have nothing. US and Canada won’t able to keep afloat is western Europe goes to the bottom.
I just heard that YT has deleted Glenn. How can they get away with this? He's a published professor at a respected university! Things are clearly spiraling out of control for TPTB. Otherwise, they would never take such desperate measures that reveal their true insecurity.
I have to wonder if some economic experts of the West can see the potential of BRICS but refuse to acknowledge it because the thought of what it means to them and there financial position is to worrisome to contemplate.
The Nations who have pladged to send Representatives to BRICS Summit this year, own around 75% od available resources needed for industrial production. That appears to be significant. If the Producer Nations join a Trade Union, they get a fair price for their Goods. What more incentive can they ask for? I saw the Commodities that are needed become a bit more scarce and expensive after the announcement of the New Development Bank's loan program that released many Nations, from Bondage to the US Commodity Brokers.
He doesnt see BRICS as an alternative but he doesnt get it. It's not about replacing the US system in which everything is tied to the dollar but a trading system based on various currencies pegged to something, likely Gold. Why do americans always think in win or lose, top dog, nr1, hegemony? And his disdain of Russia, China is a cultural one and all americans are brought up to basically think the same way.
Yep. His BRICS comments were completely out of touch and seemed based in western “exceptionalism” more than an understanding of current geopolitics or an honest appraisal of how the US economy is actually going from the POV of 99% of the population
A brilliant program with Glenn Diecen Alexander Mercouris you your great guest Mr Rogers a wonderful conversation to discuss a range of different Subjects
"Neo-liberalism" is a nonsensical marxist dogwhistle. We don't have free markets with limited government intervention and minimal regulation, are you smoking crack? We have a globally entwined state-corporate hegemony that manipulates its currencies, manipulates the stockmarket, taxes ordinary people into submission while inflating away their wealth with money printing. None of that is "neo-liberal". What it actually is, is jewish.
I wouldn't say British people are optimistic. A mood of despondency has descended on the country. With no relief in sight. Speculation is a dodgy game. Capitalism is structured by, and cannot exist except through, competitive methods. Given the same money supply, capital accumulation structurally creates winners as well as losers. Constitutionally, one cannot exist without the other. Speculators have to out-guess the competition, but there is no stability or end point. This structural feature also creates the dynamism (wealth creation???) shown in capitalist societies.
Britian isn't really capitalist at this point. the GDP of the UK generated from the state is higher than that of USSR, in percentage. 2019 over 67% of those employed in wales were employed by the state.
If Your Government is enriching themselves whilst the Countries standard of living declines, then You know that they are working for their own Gain at Your expense.
I've noticed that those who have benefited tremendously from the current system maybe grumble a little, but are quite happy with the status quo since they continue to benefit enormously from it. In other words, don't rely on them to lead the charge.
Alexander’s comment on the demoralization of the common peoples of the West, is a key observation I think. The stock market is, itself, the root of such a demoralization, however, since it sees every people as an object of utility, rather than as a population needing a direct public consideration of common needs.
Yah everyone is so angry and horrified by what's happening to the West and that we're not fighting it. It makes everyone totally sick. We've utterly surrendered to absolute evil.
I learned from what he said. Most of these guys pretend to know everything and speak in unnecessary complexities. It’s BS. This guy seems genuine and he doesn’t pretend to be a psychic.
Perhaps be was indirectly referring to the German economy. The DM was a metaphor for that economy generally. Could have said "euro", but that wouldn't have been specific.
@@soniavadnjal7553 even if he had used the DM as a metaphor for the German economy it would have been an ignorant and clumsy mistake. an extinct national currency has little connection with the strength or weakness of the economy! just a shocking error that highlights how so many of these "experts" are not that bright.
I remember Dick Cheney saying that "debt does not matter" and thinking that was a bad idea. But the west dismissing or marginalizing meritocracy is the biggest threat to our well being.
I kept agreeing on most of what you guys had to say and thought to myself: maybe I'm not totally stupid, after all. And then you finish off with "great prosperities for North Korea" which really tells of deep insights on Jim Rogers' behalf! As soon as the US leave South Korea so the two Koreas may start working together there will be a tremendous opportunity for growth. And now with the DPRK as an independent state which officially does not want unification, the risk for an economic burden put on the South is minimal. I did discuss this back in 2019 in Pyongyang and at that time we came to the conclusion of 5-10 years before good things might start happening. The DPRK leadership have prepared for a year now for upcoming good times and now both South Korea and Japan begin to realize they can't rely on the US for ever. When these three countries (yes, also the DPRK!) begin working together they will form an entity which provides balance to China and to some extent also Russia.
What the heck was that? Don't know who this guy is but he said literally nothing of value, nothing that everyone doesn't already know. I think Glenn and Alex were more useful to hear.
Because the stock market is up does not mean that everybody is having a good time. The tax cuts for the rich property owners leave the worker paying all the taxes. Soon, the way things are going, including the growing amount of worker strikes, especially on the ports of New York presents an opportunity for a spark that will escalate to the point that will resemble the French revolution. Remember, Lenin never expected a revolution to take place in Russia during his lifetime. People like Rogers is a middle class capitalist that is oblivious of what is happening in all disintegrating capitalist societies.
Investor Jim Rogers discusses global economic challenges, including unsustainable debt, potential market crashes, and shifts in economic power from West to East. He expresses concerns about Western economies and optimism for Asian growth, while warning of similarities to pre-World War periods.
What an astonishing set of minds! Congratulations to the Duran ... Jim Rogers is really a Legend ... For me as a geopolitics analyst myself, and investor ... These are both topics of my life!!!))) Thank you Alex & Glenn ... I actually think you should bring the economy more to the geopolitical space. It's absolutely foundational to the understanding of geopolitics broadly.
If and when it all goes to $#!+, I am happy that I will be in a solid red state, in a rural area, in the interior of the US. I just don't see evidence that there is any better place to be in a SHTF scenerio. In the meantime it is a great place to work and raise a family to boot.
If I remember correctly Milton Freedman Said there has never been a depression when the money supply was plentiful and conversely there never not been a depression when the money supply was tight.
Without creating chaos for their own economy for viable trading, investment and reserve currency, what non-US country can do by themselves to mitigate risk from dollar collapse is fairly limited before the arrival of alternative currency and inter-banking messaging system. This is exactly what BRICS economists are now contriving and BRICS member states in fact had started the first move by reducing dollar for international trade settlement whenever and wherever possible within and reaching out beyond BRICS organization.
rogers is a financial markets speculator. He (admittedly) understands little about the real forces driving the global economy, or the USA. To pooh pooh the BRICS is a striking example of his limited perspective
One of the warning signs in early 1929 was the shoe shine boys listening to the brokers chatting and piling into the market, telling their friends and families about the easy money. History doesn't repeat but it surely rhymes, i belueve we are less than a year from another major collapse with a Cyprus style bail in for the plebs.
Mr Rogers doesn't seem to understand that a country can have all the gold in the world, but will still lose it to another country that has more productive power.
@@wimvanaerde6249Spain's mistake was allowing the gold to enter the general economy in massive amounts. It had the same effect as printing massive amounts of money does today. The gold that countries own now is backing their currency, which is an entirely different thing. Currency backed by gold is real. Currency backed by hope and promises is only as good as the promises.
@@edennis8578 Gold is largely useless. It’s considered to be of value because it’s considered to be of value. If there’s a real economic meltdown owning gold won’t help
Your point about Malaysia is very pertinent. I visit regularly and am constantly stunned by how busy the super centres are. Many venues are hiring. Malaysia certainly has problems (a lot of discrimination against the chinese and indians for example) but I echo your point about the positivity of the place.
FWIW, Rogers only knows how to read a really bad system to make unearned profits the goal and indicator of a thriving economy, that is the very basis of a rentier economy and yes, recessions are not a bug but a feature where the poor *always* pay the price.
It's remarkable how these old men who have extracted so much wealth never seem to consider themselves at least some part responsible for their nations state of affairs.
26-44 - "when I look out the window I don't see the Deutsche Mark being what it was", considering Germany gave it up for the euro in 1999 neither does anybody else 25-12 - "you are both English" to one Norwegian and another of Greek extraction, both of whom kept a straight face
@@jackandersonrangelsolomon3785 He's tight lipped but what he cautioned against is a comprehensive list of exclusion. Why did he want his kids to study Mandarin? Why did he omit some particular country in East Asia when he mentioned BRICS? :)
![Understanding Marxism: Q&A with Richard D. Wolff [June 2019]](http://i.ytimg.com/vi/eU-AkeOyiOQ/mqdefault.jpg)
LIKE. SHARE. COMMENT
Please join us on LOCALS: theduran.locals.com
@13:39 Jim drinking from the Holy Grail or what is going on?? 😂
the laws of economy dont change...you can build up a debt ,but one day you have to pay back ,i see huge sums of loaned
money thrown away in wars..that money is gone and if wars are lost there is no return.....no loot....that is waiting...
US debt rose by over $200 billion from yesterday.
@@davidmooten6646 a billion here a billion there to this or that country gets added to GDP and when the GDP comes out it gives the appearance that everything is Rosie
Alexander must be feeling embarrassed by this guest 😊, don't invite him anymore ❤
The economic crisis and downturn are all the signs of 2008 market crash 2.0, so my question is do I still save in the US dollar or is it okay to move all emergency and savings to precious metals?
Gold and Silver are often seen as a safe-haven asset that can protect against inflation and economic uncertainty. But like any investment, it carries risks. To determine if gold is the right investment option for you, an investment advisor can help you weigh the potential benefits and risks of investing in gold. They can also help you create a well-diversified portfolio that includes gold as part of a broader investment strategy. An investment advisor can help you decide how much of your portfolio should be allocated to gold and select other investments that can complement your gold holdings.
Investing in gold is a reliable choice, and I plan to keep buying more to make up for my losses. While silver is also a good investment, my collectibles are not as similar. It's important to have clear investment goals and educate yourself on the type of investment that interests you. I work with a financial consultant regulated by the SEC, and started small, but eventually accumulated over $800,000.
I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.
‘’Marisa Michelle Litwinsky’’ is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Marisa has the appearance of being a great authority in her profession. I looked her up online and found her website, which I reviewed and went through to learn more about her credentials, academic background, and employment. She has a fiduciary duty to protect my best interests. I sent her an email outlining my objectives and also booked a session with her; thanks for sharing.
One correction, Mr Rogers. The US or Europe didn't win the war. The USSR won it at enormous costs!
The USSR fought the Germans to victory, however the United States supplied the USSR that they could do so. The Russians don't get the credit they deserve in the West for the victory, but that isn't to say that victory would have come without the Allies working together.
All the Communists were Jews.
I believe Mr. Rogers said “ they like to say they won”. Did I misunderstand that? Totally agree regarding The former USSR.
Without western support, the USSR would have surely lost.
Spot on correct.
Great conversation, thank you! Also, may I just point out how privileged we are by having Glenn and Alexander be our regular hosts. I believe that many people may take it for granted, but the knowledge and insight these two gentlemen have really shine through in programs like this - for our benefit.
Both wearing suits for this podcast, that alone tells you something...
Duran questions were more informative than answers.
A simple person who worked with George soros and got rich by insider trading. 👌👏👏
I live in California, Trust me the US has already fallen, we are just going through our death throes, what arises from the ashes is anyone's guess
All my friends in California have either left or are planning to leave before the end of 2024.
At least the non-woke Americans are smelling the coffee.. Forget about wokes and pretentious brits who still live in msm's la la land.
UK is the same
Would you agree with me that the whole Western world is staring at a Dark Age. They talk about the Bronze Age collapse as a collapse of Systems. Where multiple crisis's hit at once. All these people who say F America what kind of world do they think they will get if America collapses and if they can survive that.
I lived there ...was in the bay area ...oakland and richmond....but know that whole area....from sf to berkeley from el cerrito to alameda...you are right...gavin newsom and crew offering billions in bonds for loans that are benefiting their buddies who get thr contracts while leaving the burden on the the masses...1.6 trilliom dollar debt for the state while the rich make trillions ...they offer all these smokescreen projects like proposition 1 that take billions in loans while offering FALSE SOLUTIONS THAT SOLVE BO ROOT ISSUES! Like a corrupt pharma industry that NEEDS SICK PEOPLE for more money while claiming to HEAL....ITS an inverted system....homelessness and addiction absolutely out of control...give the addicts housing that costs 1 million per unita and build 4000 units form "friends to make money" and your hidden personal gain while letting the CAUSE of homelessness keep burning out of control at root which is a LACK OF REAL CARE and that needs to STOP ADDICTION...the biggest addicts are the elites (rich businesses.getting contracts politicians giving contracts, bureaucrats lawyers covering and signing off of deals etc)...elites that PARASITE of their own people in the name of help that use their tenors to legitimately steal for themselves rhen leave and say "im not responsible" and pass the growing buck ....american masses themselves have become a microcosm of their elites due to brainwashing and the toxic environment they have been reared in...the internal substance of america has been sucked out by the "vampires" leaving just a beautiful looking SHELL thats in impending HELL unfolding before our eyes..a zombie plague. The condition is not a problem of yesterday...but has been growing since post world war 2 imo....anyone that wants REAL PROGRESS is silenced. ..only the parasitical ponsy scheme called "US PROGRESS" that sucks out the life of the feet and body of the society in the name of LEFT OR RIGHT PROGRESS to steal and destroy only ro amass unsustainable and unstable power at the top that is destined to itself fall into the base and body it stole from at the bottom. "From the ashes..." Like you say....i lived in the midwest for 10 years as well and traversed the nation...
Sir, with the greatest respect, America had not won WWII. Russia and other Allies did that. America just scored enormously out of the fact that they waited till the last moment to decide which side of the fence they jumped to and all the countries were destroyed, mainly because the Americans took over power and the Americans did not mind how many millions lost their lives, because it was not their own countrymen. Thank you all three of you brilliant gebtlemen!
Depends how you are distributing victory.
I agree and I think , FDR who I believe saw its involvement in the latter part of ww2 as protecting its investment? Churchill kept going back & forth to america pestering FDR to get involved ..FDR according to the historian M hastings said "BUT you still owe us from the 1st Ww" .. All the while britain was sending Duff military equipment to Russia as supposed support!! Britain's "ALLIES" what a joke hey !! Stalin actually write to Churchill saying "ARE you going to help us? Or do you want us to win this war for you ?" .. I read Hastings 2008 book about ten year ago & seeing the west's total denial as with this American , Churchill should have given 100% support to Russia 🤔 ..And never got involved with anerica ...Britain where I'm actually from 😢 Only finished paying off america about 15 yr ago ? This bloke going around the mulberry bush knows Russia gonna win but, still a two bit banker saying " well!!..It Depends?" ..The only honest commitment was saying he got his children learning "Mandarin " .. And said it several times . ATB ❤️
Russia defeated Germany, while the USA won.
@@testaccount882 agreed
@@testaccount882Russia lost 26 million people and still beat the nazi's...
Michael Hudson stated that before the Korean war the U.S Budget was in balance, and all the debt accrued since then has been financing foreign wars. And who has been the only benefactor from these wars?
Jim Rodgers "im just a simple person"......takes a sip out of a solid silver goblet.🤔
Hahaha exactly
i caught that too xD
@@SuperMaxiiiiii - he never said he wasn't rich
Automatically goes on the defensive ... well done Alexander for bringing him back to earth!
@@just_golds And owns portfolios of gold and silver, currency and stocks and shares like every ordinary Joe! 😂 My heart bleeds for him with his predicament
Sorry, successful man but a product of his time (baby boomer American hegemony). Some of his comments about Russia and Ukraine and BRICS are viewed through his prism.
Well said.
Says the broke person on the internet
Yes, the US had an enormous economic tailwind from 1945 to 1970, maybe even 1975.
Don't we all have our prisms? I say this as a citizen of BRICS.
Very much agree.
😒Well... this was just a rich man's perspective. There's no "good times" for ordinary people today. High interest rates. High Inflation. High engergy costs. Some pensioners can't even afford heat in their homes. Kids can't afford or find their own place, have to remain living with their parents.
That is the meltdown that Jim was referring to
@@EastWest-yr2xyDon't think so. He was claiming the good times are now and the bad times will come. He's living in a rich man's bubble. Of course things will get worse, but things are pretty bad already for the average person in Europe and US
Let them eat cake
Guess it's time to short.
It will be the poor who will pay for the elite's folly, as always! 😡😈
I am constantly impressed by the high quality interviews on this channel. Jim Rogers is not someone I am aware of, but this interview was very enlightening. Thank you.
He rode the continents of the world on a motorbike over a decade ago.
He wrote a great book called "A gift to my children"
It easier to believe the beautiful lie than accept the harsh ugly truth. When the illusion falls its going to be difficult for so many.
The rich are having a good time the poor are having a miserable time.
Not all the rich are the problem, it’s the rich who didn’t earn it who destroy everyone and everything around them.
But such pattern of society is pretty explosive! We will see soon !
Since the beginning of time.
The gap between rich and poor is growing totally out of control.
We have a Prime Minister who is richer than the King.
When were there merchants richer than kings? How did it turn out?
2 % to 98 % ...
I’m in my 60s and I’ve listened carefully to the opinions of Mr. Rogers since the 1990s and can say without reservation that if you are an ardent follower of his, you have left millions in profits on the table. He is the epitome of the saying, even a broken clock is right twice a day. There are far better economic minds whose council you should seek.
Yeah same.
I would say rather that he is 100% correct, but at a time horizon that is simply too long to be of relevance to the average investor. The American dollar will collapse, but you won’t be affected because you won’t be alive in 2124.
They believe in relic corporate finance.. they believe that gold is the same as credits 😊 btw Kommie has manipulated Reminbi for 40 years and they will bow without clues on that One Child LARGEST BOLLOCK policy.. Am sure they would also like dawgmeat and dawgball 😊
@@CraigTheBrute-yf7noOf course, it won't collapse overnight, but it also won't be the only reserve currency. So that's a huge decline.
@@limitlesssky3050 to be fair to Mr Rodgers he has also been very clear even though he believes the US dollar to be essentially worthless, he still invests in it because others people impute it value. So OP is being a little unfair.
He got the suit out!!!
... and looks splendid !
👔🎩
About time, the tie not essential. Sloppy T shirt merch selling is a lazy excuse.
Needs a Duran logo on it.
With a flag
Good to see the legend that is Alexander Mercouris in a suit, not that he's a bad model for Duran merch, of course 🙂
He is really top journalist he is he never tell lise as other journalists are doing all journalists have been exposed since iqra war
Thanks The Duran for Hosting Mr Rodgers Legend investor of our time, I have followed him for long time and whatever he said some times ago is taking shape. Legend. Thank you sir for visiting us on the Duran.
The globalists wanted to make a fool out of Russia. But instead, the globalists ended up making fools of themselves. Let that be a lesson.
It won't be
They never learn. Especially we Americans.
They made fools out of the population.
No, the plan is to Balkanise Russia, there is no time line. The plan is for war with Iran.
And then we have The Finks Bar Diatribe, everything is planned for, digital ID, digital currency, endless wars, New world order, one world bank, it's all planned for.
@@terencem723among the very first things Putin did after Yeltsin brought him on fated 31.12.1999 was make oligarchy and businesses conglomerates disciplined, answerable and decoupled it's influence and pressure from politics. I remember the video where a CEO shakes as Putin asks him to come over and sign where he hadn't, and return his pen. Businesses operate IN a country.
In the west, Big pharma, fmcg, big tech OPERATE the country.
"I don't see a solid foundation for brics" - I tuned out at that point
foundations need time. he doesn' t say it will fail. just not saving the world
You obviously think you know the answer so why would you listen anyway?
No he is just outdated that's why he doesn't see the present as it is @@hugohecht5997
Brics hasn't even come together properly. Waiting for the outcome of the meeting in Kazan
@@hugohecht5997 exactly! People need to listen fully listen to him as to what he has to say.
Love the Duran ❤
The BRICS banking system is now being used by 159 countries, including the Remidi.
The capitol investment is tiny compared to USA though. And i'm not fan of USA
@@tom-u8k6y Everything has to start somewhere. It can only grow from here, as the other side is on the decline.
@@tom-u8k6y I dont think you understand what capital investments are. They are evaluated in dollars today and in rubles tomorrow. This is the good thing about this type of investment, they are not chained to any specific type of currency.
If Russia does not realise the gem they have with Putin, then they will regret it. When Putins time is finishes, I expect to see statues in his honor all over Russia. I can only wish we has a leader as good and with "healthy" ideas about how to run a country as Putin.
I 100% agree. Wish we had someone like him in every country in Europe.
You are 100% right in my opinion. Putin brought Russia out of its really bad situation after the collapse of the USSR and has completely rejuvenated the country. The guy is a hero of Russia and should be and will be a great example of what a statesman should be, God bless him and the Russian people.
problem in west is that lack of competent educated politicians , look at Boris Johnson a liar David Cameron and existing clown😂
Starmer too
I have never observed so many idiots in governments around the collective west.
@@dickiescratcher 100%
It is a death spiral. Corrupt leaders want stupid ignorant(do not confuse being educated with being knowledgeable) population, that is easy to control. But then this population is one that produces next generation of leaders. And so you get dumber and dumber leaders, that create dumber and dumber population, that creates dumber and dumber leaders....
Age of excellence ended long time ago. We are living in age of narcissism, ignorance and entitlement.
Thats by design. The wealthy are looting the west and will flee to the east
The sacrifice of the citizenry over a century can be squandered by our political leaders within a single term in office.
Jim Rogers, what a surprise to have him in the Duran. Such an honor!
@@kraz007 EXACTLY!! People need to listen really listen as to what he’s saying, they’ll be thankful they did!
And people would rather get there news from the BBC 😂😂😂😂They have no idea of what’s really going on
Message for them is: You can’t handle the truth
Use to be a Radio 4 person myself, I enjoy the wider world now
I think Jim Rogers is dead wrong on BRICS! Brazil, Russia China...why is he living in Singapure and his daughters are fluent in chinese!!! Because its the future! China is the locomotive of this train, as once was Germany in Europe! I am german, moved to Brazil decades ago, doing business with China, not using the dollar😊
❤👏👏👏👏
just came back from munchin, our hotel room was burgled, the streets look like 3rd world, peaple have no values or class
Rogers does not want to burn the bridge if he does not have to
in another interview he said he'd sold all his stocks but kept his Chinese ones. Long term he clearly does still believe China will own the 21st century
The Duran keep adding quality interviews and journalism that makes for positive viewing. Many thanks ❤
Respect Jim's perspective but he has Yankee Eyes. I just don't think he sees or gets the rest of the world in a clear way.
Love hearing the Big guys talk. No petty propaganda.
He's been talking about a financial meltdown for forever!
@@everready800he became a billionaire because of his knowledge about finance and economy..
So what's your point?
His wealth is evidence if his knowledge...
@@everready800he didn't became a billionaire, because he's clueless, you know that right?
BRICS is the future IMO and I don't think that those who know want us to know. I doubt that Jim Rogers would tell you even if he did know. He gives the game away by telling us that he has taught his children Mandarin
Looking sharp Sir Alexander
WE ARE EXPERIENCING THE END OF ANGLO-AMERICAN CAPITALISM and the world will be in better shape after.
Money is siphoned into speculation instead of growth in the real economy
South East Asia is doing great because 1) No war, 2) Most countries integrate with China smoothly to enjoy the growth together and they retain good relationship with the US. Those embroiled in civil war (Myanmar) or unwise dispute with China (Philippines) will be left behind and miss the bus.
All do respect to this gentleman, I think he forgot that during depression money lost its value. In Germany, people had to bring a wheel barrel full money for a loaf of bread. What will happen to the $ if BRICS countries will pull out of the $. How much dollar will worth then? BRICS countries have all the natural and human resources they need. Western countries, specifically EU and UK have nothing. US and Canada won’t able to keep afloat is western Europe goes to the bottom.
I just heard that YT has deleted Glenn. How can they get away with this? He's a published professor at a respected university! Things are clearly spiraling out of control for TPTB. Otherwise, they would never take such desperate measures that reveal their true insecurity.
He obviously contradicted the official narrative coming out of the collective West and that is simply not allowed.
I prefer getting my financial news on a daily basis from Sean Foo. The little man's legend.
I have to wonder if some economic experts of the West can see the potential of BRICS but refuse to acknowledge it because the thought of what it means to them and there financial position is to worrisome to contemplate.
The Nations who have pladged to send Representatives to BRICS Summit this year,
own around 75% od available resources needed for industrial production.
That appears to be significant.
If the Producer Nations join a Trade Union,
they get a fair price for their Goods.
What more incentive can they ask for?
I saw the Commodities that are needed become a bit more scarce and expensive
after the announcement of the New Development Bank's loan program that released many Nations,
from Bondage to the US Commodity Brokers.
He doesnt see BRICS as an alternative but he doesnt get it. It's not about replacing the US system in which everything is tied to the dollar but a trading system based on various currencies pegged to something, likely Gold. Why do americans always think in win or lose, top dog, nr1, hegemony? And his disdain of Russia, China is a cultural one and all americans are brought up to basically think the same way.
Yep. His BRICS comments were completely out of touch and seemed based in western “exceptionalism” more than an understanding of current geopolitics or an honest appraisal of how the US economy is actually going from the POV of 99% of the population
He said he has investments in Russia, and taught his kids Chinese, so what are you on about?
@@willismcgee5216 So? Did you not listen to what Rogers said?
Why do I get the impression that Jim was holding back considerably in many answers he gave?
Rich people mindset - only throw a few crumbs for the poor.
always does and had the black eye recently, so I think he's in the club. Only ever seen one interviewer ask him about Soros.
Thanks very much for interviewing Jim Rogers! Insightful questions and insightful answers! As usual I might add. 😊
the whole point of BRICS is that it is not a power bloc, and that no one has a veto there
most are in BRICS to get Chinese donations
Love the old American comment 😁
I concur as an old Englishman (56)
My country has changed beyond all recognition
A brilliant program with Glenn Diecen Alexander Mercouris you your great guest Mr Rogers a wonderful conversation to discuss a range of different Subjects
An economic discussion with not one mention of the word 'neoliberalism' - when rampant neoliberal austerity is killing the US & European societies.
"Neo-liberalism" is a nonsensical marxist dogwhistle. We don't have free markets with limited government intervention and minimal regulation, are you smoking crack? We have a globally entwined state-corporate hegemony that manipulates its currencies, manipulates the stockmarket, taxes ordinary people into submission while inflating away their wealth with money printing. None of that is "neo-liberal". What it actually is, is jewish.
Or climate change
With a net worth of around $300,000,000 Jim is trying to 'stay solvent'.
@@frankblangeard8865 I’d say at $300,000,000 that’s pretty solvent
Jim Rogers consistently refuses to say anything concrete.
Indeed.
Haven’t heard from him in a while, but this was very underwhelming
What He does well is riding motorcycles
What a wonderful and fantastic guest. One of your best
The Duran is best on the Internet ♥️♥️♥️♥️♥️
I'm a regular visitor to Malaysia and have contacts there. Anyone who says Malaysia is not suffering like the rest of us, is talking BS.
I wouldn't say British people are optimistic. A mood of despondency has descended on the country. With no relief in sight. Speculation is a dodgy game. Capitalism is structured by, and cannot exist except through, competitive methods. Given the same money supply, capital accumulation structurally creates winners as well as losers. Constitutionally, one cannot exist without the other. Speculators have to out-guess the competition, but there is no stability or end point. This structural feature also creates the dynamism (wealth creation???) shown in capitalist societies.
Britian isn't really capitalist at this point. the GDP of the UK generated from the state is higher than that of USSR, in percentage. 2019 over 67% of those employed in wales were employed by the state.
If Your Government is enriching themselves whilst the Countries standard of living declines, then You know that they are working for their own Gain at Your expense.
I've noticed that those who have benefited tremendously from the current system maybe grumble a little, but are quite happy with the status quo since they continue to benefit enormously from it. In other words, don't rely on them to lead the charge.
Indeed.. they should try to retire earlier and possibly kindly take assisted termination.. Trafficking will very likely disappear on its own..
200 years to reach a trillion in USA debt. Now it is 100 days to add an additional trillion dollars.
Jimmie Boy , the US and Europe is not the world .
He knows this, doesn't he live in Asia?
Jim...lovely to hear such straightforwardness and clarity..common sense prevails...thank you sir...
Alexander’s comment on the demoralization of the common peoples of the West, is a key observation I think.
The stock market is, itself, the root of such a demoralization, however, since it sees every people as an object of utility, rather than as a population needing a direct public consideration of common needs.
Stock market is not the image of a Countries GDP and ordinary people.
What BS is this: everybody having a good time, f...k 99% do NOT have a good time!
Rich people talk
@@TeeTee-zm2re exactly!
He lives in his own bubble
He meant the central bankers and investors, not the common Joe Blow. He's an investor, he only cares for ROI.
Yah everyone is so angry and horrified by what's happening to the West and that we're not fighting it. It makes everyone totally sick. We've utterly surrendered to absolute evil.
simply stunning that the expert, Jim Rodgers, thinks the Deutsch Mark still exists.
that did not inspire a lot of confidence in his words.
I learned from what he said. Most of these guys pretend to know everything and speak in unnecessary complexities. It’s BS. This guy seems genuine and he doesn’t pretend to be a psychic.
Perhaps be was indirectly referring to the German economy. The DM was a metaphor for that economy generally. Could have said "euro", but that wouldn't have been specific.
@@soniavadnjal7553 even if he had used the DM as a metaphor for the German economy it would have been an ignorant and clumsy mistake. an extinct national currency has little connection with the strength or weakness of the economy!
just a shocking error that highlights how so many of these "experts" are not that bright.
This economist knows very well how to sell himself. But we learn little by listening to him.
Yes, he said alot without saying anything.
I found his message subtle but he doesn’t pretend to see the future like most of the bozos who claim to know everything. I learned something from him.
What's the point, at his age, of him "selling himself"?
Looking sharp, Alexander! The suit, it suits you splendidly!
Economic meltdown it’s over for the United States of America…!!…🌚🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸
America has been taken over by the neo-cons. Jim rogers, worked with one of the most evil neo-cons, Soros.
I remember Dick Cheney saying that "debt does not matter" and thinking that was a bad idea. But the west dismissing or marginalizing meritocracy is the biggest threat to our well being.
I kept agreeing on most of what you guys had to say and thought to myself: maybe I'm not totally stupid, after all. And then you finish off with "great prosperities for North Korea" which really tells of deep insights on Jim Rogers' behalf!
As soon as the US leave South Korea so the two Koreas may start working together there will be a tremendous opportunity for growth. And now with the DPRK as an independent state which officially does not want unification, the risk for an economic burden put on the South is minimal.
I did discuss this back in 2019 in Pyongyang and at that time we came to the conclusion of 5-10 years before good things might start happening. The DPRK leadership have prepared for a year now for upcoming good times and now both South Korea and Japan begin to realize they can't rely on the US for ever. When these three countries (yes, also the DPRK!) begin working together they will form an entity which provides balance to China and to some extent also Russia.
What the heck was that? Don't know who this guy is but he said literally nothing of value, nothing that everyone doesn't already know. I think Glenn and Alex were more useful to hear.
Agree completely. Vague and often repetitive.
Totally agree
Agreed.
@@quercusalba5441 Agee. Never really answered any of their questions.
Worst guest! Too vague and tightliped
Because the stock market is up does not mean that everybody is having a good time. The tax cuts for the rich property owners leave the worker paying all the taxes. Soon, the way things are going, including the growing amount of worker strikes, especially on the ports of New York presents an opportunity for a spark that will escalate to the point that will resemble the French revolution. Remember, Lenin never expected a revolution to take place in Russia during his lifetime. People like Rogers is a middle class capitalist that is oblivious of what is happening in all disintegrating capitalist societies.
Excellent programme, thank you.
Investor Jim Rogers discusses global economic challenges, including unsustainable debt, potential market crashes, and shifts in economic power from West to East. He expresses concerns about Western economies and optimism for Asian growth, while warning of similarities to pre-World War periods.
What an astonishing set of minds! Congratulations to the Duran ... Jim Rogers is really a Legend ... For me as a geopolitics analyst myself, and investor ... These are both topics of my life!!!))) Thank you Alex & Glenn ... I actually think you should bring the economy more to the geopolitical space. It's absolutely foundational to the understanding of geopolitics broadly.
And a pallet of Hundred Dollar 💵 Bills 💸 won't buy a slice of bread 🍞 and the living will envy the dead 💀
Weimar
@@wimvanaerde6249 I LOVE ❤️🙏 GERMAN PEOPLE! Culture History Spirit Heart 💗 Soul 😍 come on
Love Jim Rogers and love Alexander and Glenn -- and all on one show! Superb content. - Thank you
2:51 who’s economically having a ‘good’ time in 2024?!
War investors.
Hand-rubbing money lenders.
Yes he lost me there too.
Depends on your outlook.
If and when it all goes to $#!+, I am happy that I will be in a solid red state, in a rural area, in the interior of the US. I just don't see evidence that there is any better place to be in a SHTF scenerio. In the meantime it is a great place to work and raise a family to boot.
😢Such an honor to listen to this brilliant conversation.
If I remember correctly Milton Freedman Said there has never been a depression when the money supply was plentiful and conversely there never not been a depression when the money supply was tight.
Without creating chaos for their own economy for viable trading, investment and reserve currency, what non-US country can do by themselves to mitigate risk from dollar collapse is fairly limited before the arrival of alternative currency and inter-banking messaging system. This is exactly what BRICS economists are now contriving and BRICS member states in fact had started the first move by reducing dollar for international trade settlement whenever and wherever possible within and reaching out beyond BRICS organization.
rogers is a financial markets speculator. He (admittedly) understands little about the real forces driving the global economy, or the USA. To pooh pooh the BRICS is a striking example of his limited perspective
They inflated the money supply by 2 Trillion dollars, not two billion.
One of the warning signs in early 1929 was the shoe shine boys listening to the brokers chatting and piling into the market, telling their friends and families about the easy money. History doesn't repeat but it surely rhymes, i belueve we are less than a year from another major collapse with a Cyprus style bail in for the plebs.
Thank you for your great work, gentlemen ❤👏🏻💯 You are the best
Thank you, Alexander and Glenn, for having Mr. Rogers on.
I have learned a lot.
BRICS NEW RESOURCES BASED CURRENCY WILL BE GOOD FOR ALL AND JIM
Mr Rogers doesn't seem to understand that a country can have all the gold in the world, but will still lose it to another country that has more productive power.
Exactly, Spain a few century's back experienced this
Productive power is temporary, always, but gold is forever.
@@wimvanaerde6249Spain's mistake was allowing the gold to enter the general economy in massive amounts. It had the same effect as printing massive amounts of money does today. The gold that countries own now is backing their currency, which is an entirely different thing. Currency backed by gold is real. Currency backed by hope and promises is only as good as the promises.
@@edennis8578 Gold is largely useless. It’s considered to be of value because it’s considered to be of value. If there’s a real economic meltdown owning gold won’t help
@@edennis8578 Productive power. replaces gold in, roughly, an inverse ratio.
Jimmy is simple - he reminds us in every interview he gives.
The humblest people are some of the most legendary people
This is all serious and this is the most pessimistic I have seen Mr. Rogers. Maybe more Americans will become willing to know the truth. I hope so
Amazing conversation thank you gentlemen. I’m European and live in US for 36 years and travel a lot. Roger is absolutely on the spot 🎉
This chalice-drinking guy’s understanding of how BRICS formed is beyond ahistorical.
Your point about Malaysia is very pertinent. I visit regularly and am constantly stunned by how busy the super centres are. Many venues are hiring. Malaysia certainly has problems (a lot of discrimination against the chinese and indians for example) but I echo your point about the positivity of the place.
That sort of discrimination is healthy and vital for a country to protect its ethnos.
@@intenzityd3181 my friend the ruling Malays have only been there for a few hunded years. The indigenous Malays mostly still live in the jungle
FWIW, Rogers only knows how to read a really bad system to make unearned profits the goal and indicator of a thriving economy, that is the very basis of a rentier economy and yes, recessions are not a bug but a feature where the poor *always* pay the price.
It's remarkable how these old men who have extracted so much wealth never seem to consider themselves at least some part responsible for their nations state of affairs.
Alexander, I didn't believe you had a jacket and a tie! You're looking swell! 😊
26-44 - "when I look out the window I don't see the Deutsche Mark being what it was", considering Germany gave it up for the euro in 1999 neither does anybody else
25-12 - "you are both English" to one Norwegian and another of Greek extraction, both of whom kept a straight face
He is just outdated old crazy men. Often our of his mind really.
This guy may have been a legend but his time has clearly passed. Way too old. This interview was painful...
Well said 😂
You are absolutely Right. This was a really Cheap Chit Chat . Nothing really Important 😢😢 Just a lot of BS we Already Know.
@@jackandersonrangelsolomon3785 He's tight lipped but what he cautioned against is a comprehensive list of exclusion.
Why did he want his kids to study Mandarin? Why did he omit some particular country in East Asia when he mentioned BRICS?
:)
Not a single mention of bitcoin, embarrassing. Boomers really are just riding the wealth they made on assets they bought cheap.
Yeah, lost me on this one..BYE.
Jim Roger's an old American who sees this transition as a hardship and simply asks where does he put his money...