Renowned Investor Jim Rogers Expects Worst Bear Market in His Lifetime — Says ‘You Should Be Extremely Worried’

Veteran capitalist Jim Rogers, who co-founded the Quantum Fund with billionaire capitalist George Soros, says helium expects the adjacent carnivore marketplace to beryllium the worst successful his lifetime. “You should beryllium highly worried. If you’re not, you don’t cognize what’s going on,” helium stressed, adding that determination volition beryllium occupation successful each markets.

Jim Rogers connected US Debt Crisis, Worst Bear Market, and the US Dollar Losing Dominance

Veteran capitalist Jim Rogers reiterated his warnings astir the biggest marketplace downturn and the U.S. dollar losing its planetary reserve currency presumption during an interview with Real Vision past week. Rogers is George Soros’ erstwhile concern spouse who co-founded the Quantum Fund and Soros Fund Management. He cautioned:

The adjacent carnivore marketplace volition beryllium the worst successful my lifetime, due to the fact that the indebtedness has gone up by specified staggering amounts successful the past 14 years.

Rogers reiterated his erstwhile explanation that the U.S. experienced a carnivore marketplace successful 2008 owed to excessive debt. He pointed retired that since 2009 the indebtedness level worldwide has skyrocketed. “We should ever beryllium acrophobic astir Washington. They don’t person a hint what they’re doing. And they beryllium it time successful and time out,” helium opined.

The renowned capitalist besides believes that the U.S. dollar volition suffer its presumption arsenic the world’s reserve currency. Discussing the planetary de-dollarization trend, helium emphasized that galore countries are actively seeking alternatives to the U.S. dollar, partially owed to concerns implicit its important indebtedness issue. Moreover, helium mentioned that the weaponization of the U.S. dollar creates an inducement for nations to trim reliance connected the USD. He warned:

You should beryllium highly worried. If you’re not, you don’t cognize what’s going on.

Rogers shared that helium is “looking each day” for an alternate to the USD due to the fact that helium knows “something atrocious is going to hap successful the currency markets successful the adjacent 2 oregon 3 years.” He precocious said that the U.S. dollar’s clip is coming to an end arsenic countries question alternatives to the USD.

The seasoned capitalist besides expects involvement rates to summation worldwide. While admitting that helium does not cognize however precocious cardinal banks volition summation involvement rates to curb ostentation this time, helium stressed: “The satellite has ne'er seen the indebtedness and the spending and the wealth printing similar successful the past fewer years. So thing is going to person to beryllium very, precise ruinous to lick this occupation this time.” Rogers warned:

There’ll beryllium occupation successful each the markets — spot markets, banal markets, enslaved markets, currency markets, everything.

What bash you deliberation astir the warnings by Jim Rogers? Let america cognize successful the comments conception below.