Speaking of Brexit, is there any hope for Sterling at all? “Well, the UK has enormous debts.

The next economic problem will be exacerbated with things like Brexit going forward.” “Even China has debt now, and it had very little debt 15 years ago. “In 2008 the problem was too much debt, and since then debt has skyrocketed everywhere. Jim predicts that the next bear market will be in the worst in his lifetime. In my lifetime no central bank would ever say something like that, no matter how hopeless they are.” Recession fears: Could we see the worst bear market for decades? “The Bank of Japan has said it will print unlimited amounts of money. “Japan’s population has been going down for ten years and its debt has been going up for 40 years. Talking of safe haven currencie s, Jim does not necessarily see the Japanese Yen as the most obvious choice today. “When the turmoil gets really bad the Dollar’s going to get overpriced, it might turn into a bubble, and I hope at that point I’m smart enough to sell and put my money elsewhere,” he says. “In times of turmoil, people look for a safe haven and USD is considered safe for historic reasons. Jim owns a lot of USD as he believes turmoil is coming. “It may still go up for 20 years – but it’s certainly overdue for problems.” A safe USD, but just how safe is JPY? Meanwhile, today’s stock market is not immune to crisis, despite its current highs, Jim believes. “ the Fed actually raised interest rates, Washington balanced the budget, we had a horrible year or two, but then we had the most extraordinary decade in the history of the US.” He contrasts today’s monetary policy with the response to economic problems in the early 1920s. “However, what’s been happening is the assets have been getting taken away from the competent people and given to the incompetent people who are now expected to compete with the competent people, with their money. “The way the system is supposed to work is, they get in trouble, they go bankrupt, competent people come along, take over the assets, reorganize and start over. Jim says that, as the financial crisis brewed in 2008, more banks than just Lehman Brothers should have been allowed to fail.

It’s not going to work and we’re all going to pay a horrible price.” “For the past 20 years has printed staggering amounts of money and kept driving interest rates lower they have never been this low. Spotify: Is the US economy facing impending crisis? the lowdownĭiscussion builds to Jim’s view of the US economy – what are his major concerns just now? “The Fed is probably my major concern,” he says. Follow our podcasts on a platform that suits you Can Bitcoin be a medium of exchange or is it just a fad? If the markets slump, what will gold’s trajectory look like? And can JPY really retain its status as a safe haven? Learn all this and more in our discussion with Jim Rogers and listen to the podcast by clicking on the link. The pair talk about the state of USD, and why a deep recession could be just around the corner for the US economy. A renowned businessman and financial commentator, Jim is currently chairman of Rogers Holdings and Beeline Interests. In this edition of our podcast Trading Global Markets Decoded, our host Martin Essex is joined by investment supremo Jim Rogers. Why the next bear market could be the worst in decades.USD as safe haven and the weakness of JPY.“When the turmoil gets really bad the Dollar’s going to get overpriced.I hope at that point I’m smart enough to sell and put my money elsewhere” Key Points Covered in this Podcast with investment supremo Jim Rogers:

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