Renowned Investor Jim Rogers Warns ‘the Worst’ Bear Market in His Lifetime Is Incoming

Veteran capitalist Jim Rogers, who co-founded the Quantum Fund with billionaire capitalist George Soros, has warned that much carnivore markets are coming and the adjacent 1 volition beryllium “the worst” successful his lifetime. Noting that galore stocks volition spell down 90%, helium stressed that investors volition suffer a batch of money.

Jim Rogers Says ‘the Worst’ Bear Market successful His Lifetime Is Coming Next

Famed capitalist Jim Rogers warned astir an incoming carnivore marketplace that volition beryllium “the worst” successful his beingness successful an interrogation with Kitco News, published past week. Rogers is George Soros’ erstwhile concern spouse who co-founded the Quantum Fund and Soros Fund Management.

Citing that we are somewhat successful a carnivore marketplace close now, helium predicted that the worst has yet to come, warning:

More carnivore markets are coming … The adjacent 1 is going to beryllium the worst successful my lifetime.

While explaining that successful 2008, “we had a occupation with excessively overmuch debt,” helium stressed that the indebtedness has skyrocketed since then.

“The debt, ohio my God, look retired the window, the indebtedness has skyrocketed everywhere, truthful the adjacent carnivore marketplace has to beryllium horrible,” helium opined. “How tin it not beryllium a horrible carnivore marketplace … I mean, the U.S. has accrued its indebtedness by respective times since 2009. Japan, ohio my God, they can’t adjacent number the indebtedness successful Japan. In galore countries successful the world, the indebtedness conscionable goes higher and higher and higher … 2008 was due to the fact that of excessively overmuch debt, it’s overmuch worse now.”

Rogers elaborated:

Many stocks are going to spell down 70%, 80%, 90%. Of course, that’s going to happen. I conscionable don’t cognize when.

“It’s been 13 years since we’ve had large problems and that’s the longest successful American history,” helium noted, adding that “it’s already overdue connected a historical basis.”

He further detailed: “We person precise precocious valuations, we person staggering debt, we person a batch of caller investors coming in. It’s not my archetypal rodeo. I’ve seen this movie. I cognize however it works. They’re each going to suffer a batch of money. I anticipation I’m not 1 of them.”

Jim Rogers connected the U.S. Dollar Losing Its Dominance

Rogers besides reiterated his presumption that the U.S. dollar volition suffer its dominance, stating that “The Russia-Ukraine warfare has accelerated it.”

The seasoned capitalist described: “The world’s planetary mean of speech is expected to beryllium neutral — anybody tin bash thing with it they privation to. But, unfortunately, Washington is changing those rules. Washington says good if they don’t similar you, you cannot usage the U.S. dollar, and radical accidental ‘wait a infinitesimal an planetary mean of speech is expected to beryllium neutral. That’s not the mode it’s expected to work.'”

He asserted that the U.S. authorities has shown that it volition “take your wealth distant from you” if it does not similar you. “Many radical person had their assets seized by the U.S. due to the fact that they don’t similar them,” Rogers emphasized, elaborating:

Many countries, adjacent our allies, are present looking for thing to vie [with the U.S. dollar] due to the fact that it could hap to them, you know, each of a abrupt Washington could accidental you are finished.

Rogers besides commented connected bitcoin, confirming that helium has not bought immoderate BTC. He reiterated his presumption that if the cryptocurrency succeeds arsenic a currency, governments volition outlaw it due to the fact that they bash not similar competition.

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