Saw this interview yesterday, just shortly after visiting your website, and after listening to Mark Faber’s latest bull-story and Celente crow about motherfkrs. My feeling was one of same-old-same-old. Jim is sounding a record esp in this generalist setting, were there’s no challenge to rise to. Jim’s talking his book, and sounding cute. Meanwhile the argument of the century goes unanswered, twittered. Is it deflation? or is it inflation?; or both. Of course that depends on what the meaning of is, is. Please talk about something useful Jim. Give us serfs something to grind away on, for instance the financial alchemy of the velocity of money when RE is dropping another XX% and 20% unemployment is the new norm, with consumerism is dead on the winter vine.
Now its a meme. The last bubble years of RE free-finance were an artificial Twilight zone of economics. Generalists are coming to grips, finally understanding what a big hole there is in our global future.The whole economy, all that we all enjoyed, was not really there. What’s worse than the recognition of the past, is the vacuum going forward. This distortion in the fabric of economy amplified the coming correction by masking the effects dropping real production out of sight, leaving consumerism to take its place. All financed by easy money that was absolutely thoughtful and by design.

Back to gold. We are at the tipping point in EuropA ,its coming apart. China is buying resources like crazy, and what are they using for dollars, not Euros. To quote Michael Pinto: quoting others, “QEIII absolutely” and “let’s not measure the dollar against a crumbling currency that’s underwritten by insolvent nations.”

Fasten your seat belts, buy Gold and hold on…

Collapse or recession ? A big difference!

Well, Jim Rogers doesn’t advise splitting your assets into four groups as Marc Faber has done. Rogers condemns currency and warns about shares.

Rogers repeatedly stated that silver is the commodity you should get into at the present time, yet Faber has only 25% in precious metals. What a difference in advice!

Rogers certainly has my vote as I think that Faber is gambling with his assets.

Depression or recession is possible, but not a collapse. That won’t happen until the fossil fuels begin to decline. Peak oil will hit first. (The timing depends on Iraq.)Natural gas can substitute somewhat, being converted to liquid fuel, so as to maintain air travel for the wealthy. It can keep transportation moving as the transition to the electric vehicle progresses in rich countries.
Once natural gas gets scarce, unless nuclear energy has been greatly expanded, civilization, as we now enjoy it, will collapse. The population will greatly decrease because modern mass production, super efficient farming, will no longer be possible without oil and gas. People will be around for a long time, but unless some new source of affordable, abundant, concentrated energy can be developed, they will live harder lives than we do. And there won’t be 7 billion of them. You can’t move food to where it will be needed without oil.

There is no difference between Depression and Collapse. In a depression, there is a collapse of the savings of the middle class and in the means of support of a significantly large percentage of the population.

In a Depression, there is a collapse of productivity and employment.

The collapse aspect may not be so apparent in the early stages of a Depression, but in a fully developed depression, there is a collapse in society, such as lawfulness and democracy, as well as the disappearing collapse of the Middle Class.

We are in the Greater Depression now, and the collapse in the personal lives and livelihoods of an increasing number of ordinary people is being shown by the Occupy Wall Street sit-ins all over the world with their increasing confrontation with the police.

Stagflation is here, just like the 70’s
Even deflationist “Robert Precter” says to own a couple bags of silver.
The most under valued metal, as the bankers are desperate to get you to sell.

rogers is right……great keynesian experiment collapses.

tho we will end up starting another one.

the voting public is too stupid to do anything now but want something for nothing.

this is not 1776.

hell, in the 30’s u didn’t have to lock your doors……good luck with that now.