ITM Trading, Released on 10/29/24

“America has gone the longest in our history without a recession. History would say we’re getting closer to a problem,” warns legendary investor Jim Rogers, chairman of Beeland Interests and co-founder of the Quantum Fund and Soros Fund Management. Speaking with Daniela Cambone, Rogers highlights the mounting U.S. debt as a path to financial danger, predicting that “the next bear market has to be very serious… and printing money is not going to solve the problem.” He warns that persistent banking sector issues could trigger a domino effect across currency, investment, bond, and stock markets, calling it potentially “the worst in my lifetime because the debt is so much higher compared to 2008.”

00:00 US economy overview
2:57 Fed
5:30 Stock market
6:31 Trump’s income tax rhetoric
8:06 US debt
10:09 US default on its debt
10:53 BRICS
13:16 BRICS currency
14:21 US banking sector
16:01 Gold and silver
17:40 North American investors’ appetite for gold
19:05 Bitcoin
19:55 How should investors prepare
21:58 US dollar
23:09 Gold confiscation
24:10 Jim’s advice

Jim Rogers co-founded the Quantum Fund with George Soros in 1973, helping to steer the fund to a 4200% return before “retiring” at age 37. He is considered to be one of the greatest investors of all time. Rogers has made two record-setting journeys – once by motorcycle and once by car – and is in the Guinness Book of World Records for doing so. In between his frequent travels, he has served as a professor at Columbia University, started his own commodity index and is a frequent media commentator worldwide. Rogers has also authored six books. He currently lives in Singapore with his family. Jim has authored a half dozen books, including: Investment Biker: Around the World with Jim Rogers (NYTimes Bestseller), Adventure Capitalist, Hot Commodities (NYTimes Bestseller), A Bull in China, A Gift to My Children, and most recently, Street Smarts.

  economy, gold, investing, recession, silver