Many people are willing to make claims about the financial markets, but if they actually manage a fund, you can see that some of the claims they make don’t actually line up with their behavior in terms of the investments that they are making. This is not the case with our guest for today. Back in 2007, he went on CNBC at the peak of the US housing bubble and spoke about how he was selling his New York property and moving to Singapore because he saw that a crash was going to happen, and it did. Now he predicts that the next crash will be even worse than the one in 2008 due to many of the same reasons.
Our guest for today is Jim Rogers who is a businessman, investor, traveler, and well-known financial commentator. He is the Chairman of Rogers Holdings and Beeland Interest. Jim has been featured prominently in Forbes, CNBC, Fox, and a variety of other news outlets. Jim also designed the Rogers International Commodity Index (RICI) which represents the value of a basket of commodities consumed in the global economy, ranging from agricultural to energy and metal products.
Today we are going to discuss…
- Debt and why this next crash will be bigger and more pronounced because of it
- Central banks and how long they can go on without consequences
- Why our guest owns the US dollar despite not really being long-term bullish on the US economy
- Why our guest decided to move to Asia
- Some of the benefits of living and investing based on an international outlook rather than just staying domestic