Podcasts about quantum fund

Today's guest is the new US Treasury Secretary, serving under Donald Trump. The role gives him immense responsibility for managing US obligations and finances, including circa. $7 trillion of annual US federal spending, the $35+ trillion fiscal debt pile and continued inflationary pressures on both US businesses and consumers. Prior to this, Scott was a globally respected and market-moving hedge fund investor. He was key player on the George Soros's team, who in 1992 helped the Quantum Fund make $1bn, shorting sterling ahead of the UK's withdrawal from the ERM. Then, as Soros's CIO, he was also dubbed ‘The Man Who Broke the Bank of Japan' by the Wall Street Journal, making approximately $3.5bn on the Abenomics trade from 2012-2015! Scott is widely acknowledged to be one of the world's most highly respected macro hedge fund managers, and is the Founder of Key Square Capital Management. He has also taught financial history at Yale and is a prominent philanthropist. In this episode, Scott explains the key ingredients in being a macro manager. He charts his journey, working with legendary investors such as Stan Druckenmiller and George Soros. He opines on a range of key investment themes, including his thoughts on de-dollarisation, debt, commodities, the Ukraine rebuild, and AI. He also shares his analysis of the fast-evolving markets in both China and Japan. Scott goes on to discuss risk, when and how he sizes positions, signposts that influence conviction, and dealing with information overload. A tour de force! Interview originally recorded in September 2023. ​​The Money Maze Podcast is kindly sponsored by Schroders, IFM Investors, World Gold Council and LSEG. Sign up to our Newsletter | Follow us on LinkedIn |  Watch on YouTube

Legendary investor Jim Rogers, co-founder of the Quantum Fund with George Soros and author of multiple bestselling books including "Street Smarts" and "Investment Biker," returns to the Julia La Roche Show (Ep. 215) with a stark warning about America's debt crisis and market euphoria. Speaking from Singapore, Rogers shares why he's recently cut back his positions "enormously," explains his continued investments in China and Uzbekistan, and offers a sobering perspective on America's $200+ trillion in total obligations (this includes off-balance sheet debt). While not yet shorting markets, Rogers cautions that current market complacency reminds him of previous peaks, and explains why he's holding U.S. dollars despite long-term concerns about America's financial future. ✨ This episode is sponsored by Public.com. https://public.com/julia ✨ Paid endorsement for Public Investing, Inc. Not investment advice. All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank.  Treasury accounts offering 6 months T-Bills are offered by Jiko Securities, Inc.,member FINRA & SIPC. Securities in your account are protected up to $500,000. For details: www.sipc.org. Banking services and the Bank Accounts are provided by Jiko Bank, a division of Mid- Central National Bank. For U.S. Investments in T-bills: Not FDIC Insured; No Bank Guarantee; May Lose Value. Treasuries risk disclosures, see https://jiko.io/docs/treasuries_risk_disclosure.pdf. See public.com/#disclosures-main  A Bond Account is a self-directed brokerage account with Public Investing, member FINRA/SIPC and includes 10 investment-grade and high-yield bonds. As of [11/08/24], the average, annualized yield to worst (YTW) across all ten bonds is greater than 6%. A bond's YTW is not “locked in” until the bond is purchased and is not guaranteed; you may receive less than the YTW of the bonds in the Bond Account if you sell any of the bonds before maturity or if the issuer defaults on the bond. While corporate bond yields should fall in reaction to a Federal Reserve rate cut, there is no way to know whether that will be true of the bonds in the Bond Account, how quickly bond yields will respond, or by how much they will decline. Bond Accounts are not recommendations of individual bonds or default allocations. The bonds in the Bond Account have not been selected based on your needs or risk profile. All investing involves risk. Public Investing charges a markup on each bond trade. Visit public.com/bond-account to learn more Timestamps: 00:03 Introduction and welcome Jim Rogers 00:56 Big picture view on markets and economy 02:31 Discussion of market bubble conditions 03:22 Recent portfolio reductions 04:27 China and Uzbekistan investments 07:36 China market outlook 09:24 Signs of market hysteria to watch for 11:37 Reaction to election and market complacency 14:04 U.S. debt situation ($200T+ including off-balance sheet) 17:11 U.S. dollar outlook and safe havens 19:03 Views on Bitcoin and cryptocurrencies 20:50 Gold vs. silver investment thesis 22:29 Bond market outlook and inflation 24:27 Federal Reserve rate cuts discussion 26:36 Long-term investment trends 29:26 Discussion of new tariff proposals 31:06 Department of Government Efficiency outlook 33:29 Final thoughts and personal debt warning

Interview recorded - 19th of November, 2024On this episode of the WTFinance podcast I had the pleasure of welcoming back Jim Rogers. Jim is a legend in the investing world, author, financial commentator and more! After attending Yale and Oxford University, Rogers co-founded the Quantum Fund, a global-investment partnership.Jim talks further about his current thoughts on the economy, what this means for the market, whether inflation will return, will Trump be good for the economy, China & Uzbekistan, De-dollarisation, current geopolitical strategy and more. I hope you enjoy!0:00 - Introduction1:17 - Current outlook for the economy?2:26 - Why could things go bad?3:24 - How have markets changed?5:25 - Inflation to return?7:17 - Trump good for the economy?10:17 - China & Uzbekistan12:30 - Resolutions to debt trajectory?14:42 - US industry onshoring?16:02 - De-dollarisation18:07 - US still the best investment?21:32 - Current geopolitical situation?24:19 - Investment strategy25:42 - One message to takeaway?Jim Rogers is an author, financial commentator and international investor.After attending Yale and Oxford University, Rogers co-founded the Quantum Fund, a global-investment partnership. During the next 10 years, the portfolio gained 4200%, while the S&P rose less than 50%. Rogers then decided to retire – at age 37. Continuing to manage his own portfolio, Rogers kept busy serving as a full professor of finance at Columbia University Graduate School of Business, and, in 1989 and 1990, as the moderator of WCBS's ‘The Dreyfus Roundtable' and FNN's ‘The Profit Motive with Jim Rogers'.From 1990-92, Jim Rogers fulfilled his lifelong dream: motorcycling 100,000 miles across six continents, a feat that landed him in the Guinness Book of World Records. As a private investor, he constantly analysed the countries through which he travelled for investment ideas. He chronicled his one-of-a-kind journey in “Investment Biker: On the Road with Jim Rogers”. Rogers also embarked on a Millennium Adventure in 1999. He travelled for 3 years on his round-the-world, Guinness World Record journey. It was his 3rd Guinness Record. Passing through 116 countries, he covered more than 245,000 kilometres, which he recounted in his book “Adventure Capitalist: The Ultimate Road Trip”.His book, “Hot Commodities: How Anyone Can Invest Profitably In The World's Best Market”, was published in 2004. Another of his books “A Bull in China” describes his experiences in China as well as the changes and opportunities there. His most recent book “A Gift to My Children” was a heartfelt, indispensable guide for his daughters (as well as for all adults and children) to find success and happiness. His latest memoir “Street Smarts: Adventures on the Road and in the Markets” was published in 2013.Jim Rogers -Website - https://www.jimrogers.com/WTFinance -Instagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Twitter - https://twitter.com/AnthonyFatseas

“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. Questions on Protecting Your Wealth with Gold & Silver? Schedule a Strategy Call Here ➡️ https://calendly.com/itmtrading/podcast or Call 866-349-3310

Jim Rogers, legendary investor, best-selling author, and co-founder of the Quantum Fund, joins Anthony Scaramucci for an insightful conversation on why today's market euphoria signals danger. With most global markets near all-time highs, Jim draws on his 60 years of investing experience to explain why things will take a turn for the worse. He discusses how human behavior drives bubbles and why now may be the time to protect your wealth by reconsidering your exposure to overvalued markets. Rogers also shares his thoughts on gold, silver, the value of travel, advice for young investors, today's geopolitical tensions, and why he believes Asia will dominate the 21st century. Investment Concerns? Get a free portfolio review with Wealthion's endorsed financial advisors at https://bit.ly/4hfzUVB Chapters: 0:33 - Remembering Ghost Bikes: Anthony's Uncle's Motorcycle Shop 3:30 - Jim Rogers' Early Career 4:51 - Meeting George Soros 6:28 - Key Lessons from 60 Years of Investing 7:30 - The Future of Asia  8:44 - Geopolitical Tensions and Risk of Global Conflict 10:19 - Why Jim Rogers is Selling Shares in Most Markets 11:39 - Market Euphoria and How Bubbles Form 13:12 - Advice for Young Investors: Avoid Hot Tips 15:20 - U.S.-China Relations and Economic Clash Risks 18:23 - The Value of Traveling for Investors 20:37 - Jim Rogers' Thoughts on Gold and Silver 22:05 - Thoughts on Bitcoin and Cryptocurrencies 22:47 - Audience Question: Is Argentina Now Investable? 24:29 - Audience Question: How to Invest in Agriculture? 26:14 - Audience Question: Jim Rogers on Writing 27:10 - The 1987 Market Crash: Jim's Best Birthday Ever 28:23 - Audience Question: Biggest Mistakes and Lessons from Jim's Career 30:41- Audience Question: How Travel Has Shaped Jim Rogers' Life and Investing 31:56 - Audience Question: Advice for Young Investors Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Wealth #Finance #Wealthion #JimRogers #Investing #MarketEuphoria #Gold #Silver #GlobalMarkets #Asia #Geopolitics #InvestmentAdvice #WealthManagement #SpeakUp #AnthonyScaramucci #QuantumFund #Travel #Markets #StockMarket Learn more about your ad choices. Visit megaphone.fm/adchoices

George Soros, often a figure shrouded in both mystique and controversy, is the subject of the documentary "The Great Speculator - The Mysterious Life of George Soros." Born in 1930 to a Hungarian family with a history of surviving adversity, Soros's early life was defined by the pragmatic survival lessons from his father, who had endured the horrors of World War I and the Nazi occupation of Hungary. These experiences ingrained in Soros a profound understanding of risk and survival, elements that later became cornerstones of his speculative financial strategies. The film delves into Soros's academic years at the London School of Economics where he was deeply influenced by the philosopher Karl Popper, shaping his views on market dynamics and the imperfection of knowledge. It follows his journey into the world of finance, where after a rocky start in London, he moved to New York, setting the stage for the establishment of his Quantum Fund. This fund became a vehicle for his speculative prowess, famously earning him a billion dollars during 1992's Black Wednesday by betting against the British pound. "The Great Speculator" not only explores Soros's financial ventures but also his complex personal and ideological evolution, highlighting his philosophical and philanthropic engagements later in life.(00:05) The documentary opens with a recount of George Soros earning a billion dollars during the Black Wednesday financial crisis in 1992 when the British government raised interest rates to 15% in a failed attempt to stabilize the pound.(01:43) It highlights George Soros's challenging childhood, born in 1930 to a father who was a prisoner of war during World War I and later taught Soros the art of survival, which proved crucial during the Nazi occupation of Hungary.(04:17) During World War II, the Soros family survived by using false identities and bribing authorities to evade Nazi persecution in Hungary, significantly impacting Soros's understanding of risk and survival strategies.(07:08) The narrative then shifts to Soros's academic journey at the London School of Economics, where he was influenced by philosopher Karl Popper, learning about the imperfection of knowledge and the concept of falsifiability, which shaped his investment strategies.(09:08) The documentary details Soros's early career in finance in London and New York, his struggle as a trader, and the eventual establishment of his Quantum Fund, which capitalized on market discrepancies and made significant profits by speculating on real estate investment trusts and other financial instruments.

We're currently in the longest bull market in U.S. history as the government continues to print trillions of dollars. With this unprecedented situation, continued inflation and rising interest rates is unavoidable. Depending on what happens, it's possible that rates can go as high as the high teens, like they did in the 80's. This scenario will spur a declining stock market and depreciation on most assets. Jim Rogers, renown six-decade investor, author, and commentator, predicts choppy waters ahead and suggests that we take precaution. Jim was the co-founder of the Quantum Fund and Soros Fund Management with legendary investor George Soros. 

Asset prices are near all-time highs for almost everything: real estate, stocks, gold, bitcoin, and more. This is because in a wave of high inflation, investors chase yields. Legendary investor Jim Rogers joins us. Jim gives dire warnings about US debt levels. Meet me and one of our Investment Coaches in-person at FreedomFest in Las Vegas, July 10th to 13th.  I put $1T into perspective. A trillion seconds ago was 31,700 years ago. That's when neanderthals roamed the plains of Europe.  The dollar is a monopoly. The US government has no competition for their product, the dollar. Jim Rogers believes that higher inflation and interest rates are here to stay.  He says: “Before this is over, interest rates in the US are going to go much, much higher.” Resources mentioned: For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  You get paid first: Text FAMILY to 66866 For advertising inquiries, visit: GetRichEducation.com/ad Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review”  GRE Free Investment Coaching: GREmarketplace.com/Coach Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold   Complete episode transcript:   Keith Weinhold (00:00:01) -  Welcome to GRE. I'm your host, Keith Weinhold. I'll tell you about a chance to meet me in person. Then we're joined by a renowned and legendary investor for his sage like wisdom on how you should respond to record US debt levels for forecast the future direction of inflation and interest rates, plus a taste of the Singapore real estate market today and get rich education.   Robert Syslo (00:00:27) -  Since 2014, the powerful Get Rich Education podcast has created more passive income for people than nearly any other show in the world. This show teaches you how to earn strong returns from passive real estate, investing in the best markets without losing your time being a flipper or landlord. Show host Keith Weinhold writes for both Forbes and Rich Dad Advisors, and delivers a new show every week. Since 2014, there's been millions of listeners downloads and 188 world nations. He has A-list show guests include top selling personal finance author Robert Kiyosaki. Get Rich Education can be heard on every podcast platform, plus has had its own dedicated Apple and Android listener. Phone apps.   Robert Syslo (00:01:02) -  Build wealth on the go with the Get Rich Education podcast. Sign up now for the get Rich education podcast or visit get Rich education.com.   Corey Coates (00:01:13) -  You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education.   Keith Weinhold (00:01:29) -  Welcome to GRE. From Sydney, Australia, to Sydney, Nova Scotia, Canada, and across 188 nations worldwide. I'm Keith Weinhold and you're listening to Get Rich Education. Why are our values of almost every asset so high? Well, one reason is because we've had that high wave of inflation. When that happens, savvy investors, people just like you, they ensure that money must flow into assets. And that's because you seek a real return above and beyond inflation. If inflation were low, investors wouldn't have to chase yields this way. I've got more on asset values in a moment. But first, on today's guest, legendary investor Jim Rogers, who will hear from as a returning guest here soon in early 2019. So more than five years ago, he told us right here on the show that interest rates are going to go much, much, much higher over the next few decades and that is going to ruin a lot of people.   Keith Weinhold (00:02:32) -  In fact, let's listen into that. Here it is. This is from get Rich education podcast episode 224, which you heard here in January 2019. This is Jim Rogers.   Jim Rogers (00:02:43) -  And interest rates are going to go go much, much, much higher over the next few decades. And it's going to ruin a lot of people.   Keith Weinhold (00:02:50) -  And then from there, he went on to tell us at that time, rising interest rates will set in for a long time. And this was back when the fed funds rate was just half of what it is today in mortgage rates were 4.5% back there in early 2019. So Jim Rogers made that firm prediction even before we knew about Covid. Then. And on that episode, we talked about getting your debt and locking it in. And then two years later in 2021, he was back here on the show to warn us to expect high inflation. Well, we sure got that too. And as you listen to Jim Rogers on today's episode, consider that, you know, he just often speaks with this sort of, I suppose, nonchalance that I think can make it easy to dismiss what he says.   Keith Weinhold (00:03:46) -  But don't do that because countless people have benefited from his guidance for decades. Just like I hope that you do today in the real estate world. Now, agencies agree that the national year over year home price appreciation rate is 6%. That's today per the FHFA, the NAR and Case-Shiller 6% home price appreciation. What about rents? Today, Single-Family rents are up 5%. Nationally, multifamily rents up 2.7%. So why are Single-Family rents growing faster than multifamily rents? Well, it's partly because 2023 saw the biggest surge in new apartment supply since 1987. Yes, that's back when Madonna was the hottest music artist and Reagan met with Gorbachev. But there's less apartment construction this year, so expect a lot of that to get absorbed. Available inventory of Single-Family Rentals is going to stay more scarce than apartments for quite some time, but long term they both expect to be in really great shape. Residential rental demand is sustainable now. Back in 2022, available single family home inventory that was an astoundingly paltry one quarter of what was needed.   Keith Weinhold (00:05:20) -  Well, now it's up to half. Some inventory has definitely been added. In fact, I was recently on television being asked about that. But this still means that demand handily exceeds supply. There's not nearly enough housing, especially on the single family end. And what about those perpetually just around the corner, always, constantly just around the corner, fed interest rate cuts. They keep getting delayed beyond a lot of people's expectations. Well, per the CME's Fed Watch tool, here is the chance given of when the first rate cut will occur by the end of July. 10% September 60th 4%. November 70th 7% December 90th 3%. You know, personally, I think the chances are lower than all of those currently inflation's at 3.3%. But here's the thing. Even when it hits the Fed's target of 2%, that doesn't mean that rates must be cut. All right. That's a reality that a lot of people seem to forget. Now here on the show, not after every quarter, but sometimes when a quarter ends, just like one did a week ago, we take a quick look at other asset class moves outside of real estate in order to get a relative perspective.   Keith Weinhold (00:06:43) -  Some comparison here. If you're listening to this episode ten years from now, this is really going to help mark this era for you to is we do have many listeners that listen to every single episode. The 30 year mortgage rate is near 7%. Now, all these next figures are year to date through the first half of the year. So this is just the performance of the first half. Stocks have soared. The S&P is up 15%. One way that US stocks changed last quarter is the trades are now going to settle faster. Investors will see their purchases and sales finalized in just one day instead of two. Gold is up 13% to over 2300 bucks. Bitcoin up 44%, oil up 16% to $82. And again, that's performance for just the first half of this year. The world's three largest companies Apple, Microsoft and Nvidia have a combined value of over $9 trillion. Now, a company's total value is known as its market cap, and that is simply found by multiplying share price and shares outstanding. By comparison, all the gold in the world is worth 15 trillion.   Keith Weinhold (00:07:54) -  Hey, if you're familiar with an event called Freedom Fest, I have some cool news for you. It's an annual conference that. How would I describe it? Well, I haven't attended it before, but there you can learn to expect more about free thinking and ideas about the size of government. Well, it starts in two days. It's July 10th to 13th in Las Vegas. You can meet one of Gre's investment coaches in person there and you can also meet me. Yes, we'll both be there. If you see us, be sure to say hi. We'd both like to meet you. Hashtag IRL in real life, some of the Freedom Fest speakers include our frequent great guest, Robert Kiyosaki, as well as some other guests that you've heard with me here on the show. Also, Steve Forbes, Iced Tea, the comedian Rob Schneider, Nevada Governor Joe Lombardo, Whole Foods founder John Mackey and the congressman that wants to end the fed, Thomas Massie and more. They're all speaking. So yes, not a lot of notice, but if you're going, it's a way to meet me in real life, perhaps just in a casual way, in two days at Freedom Fest.   Keith Weinhold (00:09:08) -  Well, it is public information that the net worth of this week's guest is $300 million. He's been influential for a long time. Let's talk to legendary investor Jim Rogers. This week's guest needs a little introduction. He is a legendary business and investing mogul of our time. He's a Yale educated, prolific author. He co-founded the Quantum Fund, and he even has his own commodities index and ETF. He's also a prolific traveler. He wrote a very well known book about his world travels, visiting some 116 nations. Hey, welcome back to gray. It's Jim Rogers.   Jim Rogers (00:09:51) -  I'm delighted to be here. Okay, let's get rich. I need to get rich. I want to get rich.   Keith Weinhold (00:09:56) -  Hey. Well, your guidance helps us do that. That's why you're here. And Jim is joining us remotely from his home nation city of Singapore today. And it's always interesting syncing up our times of day here. Jim, where to begin? You've been with us here. I think this is the fourth time you're here and about the last five years, and we're at a time when asset prices of seemingly everything are near their all time highs, maybe even in their inflation adjusted all time highs in some cases.   Keith Weinhold (00:10:25) -  What are your thoughts with asset price levels?   Jim Rogers (00:10:29) -  Keith. You it's very perceptive of you and insightful. Yes. This is one of the few times in world history that I know about where nearly everything is making new eyes. I think China is probably the only country. It's not making new eyes, but nearly everything else is. Now it's wonderful. It's great. A lot of people are having a lot of fun, but unfortunately, I've been around long enough to know that when things get this good, when everybody's having so much fun, we're getting closer to the end. I am not selling short or anything yet, but I see the signs that this is going to come to an end, as it always does, and it's going to be a mess. And the reason this is going to be a big mess this time. You remember what happened in 2008 because of too much debt each. That's 2009. The debt everywhere has skyrocketed. I mean, even China has a lot of debt now. China bailed us out before, but everybody has a lot of debt now.   Jim Rogers (00:11:31) -  Maybe not North Korea, but everybody else does.   Keith Weinhold (00:11:34) -  And that sure includes us. I mean, we have these asset prices at all time highs. Yet here we are, still the largest detonation in the history of the world in the United States now at 35 trillion. And we're spending dollars on others wars, something that we couldn't say when you and I talked a few years ago. The biggest line item of our national budget anymore is about $1 trillion in annual interest payments alone in. Jim, we're really on this course now where soon the US annual tax receipts won't even cover the interest payments on our debt, and we may have to borrow just to pay the interest. So where do we reach the breaking point here? With this world in debt led by the United States?   Jim Rogers (00:12:20) -  You one makes some very good points. Unfortunately. I wish you didn't. I wish you couldn't make those points right. It's simple arithmetic. Just look at the numbers. And the numbers you recite are just what they admit, what they write.   Jim Rogers (00:12:34) -  There's a lot of off balance sheet debt that they don't even talk about. I mean, the numbers, if you try to get out of pencil on a piece of paper, you will realize that the market can never pay this debt. Never. Countries that have gotten into this situation in the past have had big problems. Now it's a good time to be an old American. I don't have to worry about all this for too many years, but I have young children. Oh my gosh. The problem is that their country is going to face in their lifetime. I was staggering. You look back at previous countries that have done this kind of thing. In the 19 to 100 years ago, Britain was the richest, most powerful country in the world. 50 years later, it was bankrupt. IMF had to fly to London and pay their bills. It wasn't fun. It was terrible what Britain went through. But other countries have done the same thing. Maybe we don't like what I'm saying or what's happening, but just read the history and you will see how it winds up.   Jim Rogers (00:13:38) -  I certainly don't like it, but I have to deal with facts. If I don't deal with facts, I'll go bankrupt. To which I don't want to do.   Keith Weinhold (00:13:48) -  Yeah, sometimes let's laugh to keep from crying. Right? When you talk about how certain government figures are just what the government is willing to admit to, I think that's the right lens to look through. When you look at any government figures. Well, at least that's the part that they're willing to admit to. It's interesting that they're willing to admit to this is interesting that they're willing to admit to 9% inflation like we peaked at two years ago. But when you talk about the future and this huge debt load and children or grandchildren, could austerity be part of it, something that's very politically unpopular. But if we lived in an austere state, wouldn't that really be sort of like the downfall of the American empire at that point?   Jim Rogers (00:14:30) -  Well, that's what happened to the British. As I said 100 years ago, they were the richest, most powerful country in the world.   Jim Rogers (00:14:36) -  There was no number two. Then if two years later, completely bankrupt, I happened to be in England during part of that time and it was a mess. Wretched. So I don't like saying any of this, but I have to deal with the reality and the numbers you cite or what they admit. You know, the numbers are much worse. I don't know if anybody in Washington really knows. I don't even know if they care enough to check to see how bad things are. But every time a someone from Washington, a politician or a bureaucrat says something, they say, don't worry, everything's okay. We have a Janet Yellen who's a secretary of the Treasury. Are you or two ago said, don't worry, we have everything under control.   Keith Weinhold (00:15:20) -  Reassuring isn't it? Not really.   Jim Rogers (00:15:22) -  Oh my gosh. He's got a couple of fancy Ivy League degrees, but she still says, don't worry, it's okay. Well, I worry, I'm probably not as smart as she is, but I worry.   Keith Weinhold (00:15:36) -  Well, it's interesting that you bring up the fact about the things that we don't know and these numbers, these debt levels and even the deficit gets so big, we're just throwing around this word trillion anymore.   Keith Weinhold (00:15:48) -  For some perspective, I happen to know that 1,000,000,000,000 seconds is 31,700 years. In order to help put this into perspective, well, 31,700 years ago, that's just about as far back as when the planes of Europe were being roamed by Neanderthals. That's 1,000,000,000,000 seconds ago. And again, we are $35 trillion in debt, and we have a deficit of at least $1 trillion. The annual thing.   Jim Rogers (00:16:21) -  I'm glad you're putting some perspective on this, but I don't need it. I know it's a staggering whatever number you want to look at, whether it's the one they report or the one that's they hide whatever it is, I know, because I can add and subtract. I know that America has a gigantic problem that is going to end up like every other country that's done this sort of thing. It's going to end up badly. America is going to lose its status, not this month. Don't worry. July is okay. But no, I can read, I can add, I can subtract. I know how it's going to wind up.   Jim Rogers (00:17:02) -  It's not good for young Americans.   Keith Weinhold (00:17:06) -  I mean, we think of the fall of the Roman Empire. You bring up the UK. The UK is still part of the G7, but they're no longer the one predominant power in the world. Jim, when I look at history and I think about sort of the powers that be and how they create and debase the currency, and how those problems percolate into so many parts of the society. I think if the United States is basically they have a monopoly on creating currency, and I just wonder if that's part of the problem. Lennar builds houses, but they have competition from KB homes. John Deere makes tractors and they have competition from New Holland. Heinz makes ketchup and they have competition from hunts. See, when there's competition, there's sort of this incentive to produce quality and provide others with value. But since the U.S. has no substantial competition to the dollar, I wonder if we can think of this as a de facto monopoly from its dilution of the purchasing power of the dollar.   Keith Weinhold (00:18:06) -  Its quality is suffering because the dollar doesn't have any substantial competition. So I guess what I'm leading up to, what I'm getting at, is we think about currency creation as a de facto US monopoly. I mean, does the government have to be the exclusive money printer where all this just ends up in the debt column here?   Jim Rogers (00:18:24) -  You raise some very good points. But back to the first main point. The main point is there is no way that America can ever pay these debts except by default, Which is one horrible way. Or by printing gigantic amounts of money, which is another horrible way. This is not the first time countries have done this. If you just go back and look, it is never ended well. Never ended well. Yes, England is still there, but nobody thinks about England the way they did 100 years ago. And nobody in England lives like they did 100 years ago, and many people left. I don't know what's going to happen to the US, except I know it's not going to end well because I can add and you can add and subtract.   Jim Rogers (00:19:15) -  I wish we could subtract. There's nothing to subtract because the debt just keeps high and higher and higher. And the numbers are very simple. If you get out the amount of debt we have and see the possible income, it just doesn't work. If you have fifth grade education, fifth grade arithmetic, you know it doesn't work.   Keith Weinhold (00:19:39) -  Jim, I don't know if you remember this, but the first time you were with us, it was January of 2019. That was more than five years ago. And at that time you said interest rates are going to go much, much, much higher. That was your direct quote, three matches. And you said that it's going to ruin a lot of people. And here we are with a lot of people ruined in the commercial real estate world and the apartment syndication world and so on. So if you continue to think there's going to be more currency creation to make it easier to pay back our debt, does that mean you believe that higher interest rates and higher inflation are going to be a persistent condition, say, just till the end of this decade, which is about another five years? What do you think about inflation and interest rates for these next five years?   Jim Rogers (00:20:27) -  I know that in Washington they will print money.   Jim Rogers (00:20:31) -  That's all they know. They want to keep their jobs. They don't care about you. I don't care about any of us. They care about keeping their job. And they will do whatever they have to to keep their job the easy way. Now, the proper way, of course, is to buckle up, buckle down, and start doing something about the rendus situation we were in. They don't care. They think they'll be gone by the time those times come, if they're ever coming, and they will say, but we're America. We cannot have problems like that. Well, that's what the British said, too. Once upon a time. And as I say, there was no number two to the British. They were that power. They were that much on top. It's not that I don't like saying. I don't like thinking it. I don't like living with it. But I do hope I can prepare so that I don't go down the tubes like some other people will. But I may just do the arithmetic.   Jim Rogers (00:21:32) -  It's very simple. The numbers just cannot work. I didn't say the numbers do not work. I said they cannot work because the situation is that dire. They can hold it off for a while by printing money. Great. But then not for you and me. Certainly not for our children.   Keith Weinhold (00:21:51) -  I think that's all they're going to keep doing. That's the most expedient way to do it, to keep printing any politician that proposes austerity. And you having soup for breakfast, lunch and dinner is not very likely to get re-elected. Does that mean in the next five years you foresee historically elevated interest rates and inflation, which is basically where we actually still are now?   Jim Rogers (00:22:14) -  Well, of course I do. I mean, there's the market. The problem is right now the central banks still think they're in control, and they pretty much are. But there will come a time. And there always has in history when the market says, wait a minute, we know you're lying. We know this cannot work. And then when the market takes over and the market starts setting interest rates and other conditions, that's called disaster.   Jim Rogers (00:22:41) -  That's a real, real serious problem. The market will know how bad things are, and the Treasury secretary can sit there and say all day long, don't worry, don't worry. We have it under control. And the Marquis will say, thanks, but we know better.   Keith Weinhold (00:22:59) -  Well, we've got more coming up with Jim, including. He spent some 60 plus years abroad. I want to learn more about what he thinks with living and traveling so much about the United States. You're listening to get Rich education. Our guest is legendary investor Jim Rogers. When we come back, I'm your host, Keith White. Hope your bank is getting rich off of you. The national average bank account pays less than 1% on your savings. If your money isn't making 4%, you're losing your hard earned cash to inflation. Let the liquidity fund help you put your money to work with minimum risk. Your cash generates up to an 8% return with compound interest year in and year out. 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Start at Ridge Lending group.com Ridge lending group.com.   Speaker 5 (00:25:08) -  This is The Real World Network's Kathy Petke, and you are listening to the always valuable get Rich education with Keith Reinhold.   Keith Weinhold (00:25:26) -  Welcome back to get Rich. university. So we're talking with investing mogul legendary Jim Rogers.   Keith Weinhold (00:25:32) -  He's joining us from Singapore today. He's joined us a few times over the past five years. And with what he said in what's coming, he's really been remarkably accurate. Sometimes he just gives a pretty casual delivery, but you really want to listen in to what he's saying. A lot of people have hung on his every word for decades here. And Jim, part of that is all your worldly experience. From so many of your travels and visiting over 100 nations. I've only visited about 35 so far myself. What do you think that we can learn about the United States from living and traveling abroad?   Jim Rogers (00:26:07) -  First of all, I used to tell you I have made many mistakes in my life. I don't think I don't know how to get things wrong. I have many times. But yes, living abroad, I certainly even traveling abroad is an eye opening experience. It's a fabulous education. Rudyard Kipling, who won the Nobel Prize for literature, once had a line and a poem. The name of the poem was The English flag and the lion was.   Jim Rogers (00:26:36) -  What can he know of England? Who only England knows. One is you'll know a lot about your own country if you know about the rest of the world. And you will you. If you go to country X and you see they eat different food or wear different clothes, it'll make you realize a lot about America. So my point is it's a fabulous education to see other places. I don't know if it's helped me. I in my view, it has helped me a lot to understand the world and to understand other people.   Keith Weinhold (00:27:11) -  Now, in my international travels, which are a fraction of yours, a lot of times I get a reminder that life in the United States is still pretty clean and efficient. We have an abundance of potable water all the way to an amenity like fast Wi-Fi. And you know if someone abroad is traveling in the United States, they get to experience those things, and they probably don't even realize or understand that we're the greatest detonation in the history of the world. It's actually pretty difficult to know.   Jim Rogers (00:27:40) -  There are signs that even those travelers will see. If you go to JFK airport, you will see the huge difference in JFK and say, the Japanese Narita Airport. You know your intuitive world when you visit some international airports outside of the US. But it's not just that America. Five star hotels do not compare with five star hotels in other countries. Listen, I don't like any of this because I have to live it. But the facts are. Yes. And you make a very good point that most people do not notice or does not affect them much at all if it affects them at all. But that just makes the eventual problem worse, because it hits us out of the blue and we don't know what happened. At least if we're worried, we can prepare. But you know, if you ride down the highway, most people think everything. It's okay. This is a nice interstate layout of potholes. They think everything is great. I hope that this all changes. I hope I'm wrong, but I have seen enough to dough that it's not going to end well.   Keith Weinhold (00:28:55) -  Tell us about where you've lived for a long time. I mean, you come from the United States, but you've lived abroad for a long time. You've been there in Singapore for a while. Singapore, which is a place I haven't traveled to, has a reputation for being prosperous and enterprising in a really clean place. So will you tell us a little bit more about why Singapore is prosperous, including what its real estate markets like?   Jim Rogers (00:29:20) -  Singapore is a tiny country. There are only 5 or 6 million people here. So yes, it has been a remarkable success story. It's probably been one of the greatest success stories in the world in the past 40 or 50 years. It still amazes me to see how efficient and how well everything works here. And they don't have yet the getting debt now, but they don't have the staggering debts that some other countries do. I mean, Japan, America. You look at some of the great success stories that come to people's minds. Japan did it by borrowing staggering amounts of money.   Jim Rogers (00:29:57) -  Every day, the Bank of Japan borrows huge amounts of money it's going to have a problem to someday. I mean, it's just very simple. I don't want it to sound like some crazy fear monger, but I can read. And I know how this is always wound up. Now there's some very exciting and successful places in the world. And if you go to some parts of the United States, you say, oh my gosh, what a wonderful place. And it is. But underneath seems to me that there are problems developing. If you come to Singapore, you'll say, oh my gosh, and I'm not the only one who knows it all. The international surveys show that Singapore is one of the very top.   Keith Weinhold (00:30:42) -  Now in Singapore, is it more of an owner society where most of the residents own the home they live in or like you find in a lot of urban areas? Is there a disproportionately high amount of renters there in Singapore?   Jim Rogers (00:30:55) -  Over 80% of the people at Singapore own their own home.   Jim Rogers (00:31:00) -  The guy who set out to build Singapore new and he especially because in his lifetime there had been a lot of riots in Asia. And he somehow knew that if people own their own home, they had a huge stake in the country, right? Had a reason to make sure, to try to make sure everything went well. So in this country, over 80% of the people own their own home. Yeah, he may have a mortgage, but still they own their own home. That's part of the reason for the success. I mean, for what it's worth, I'll also tell you he was a huge believer in education. He made sure that everybody spoke at least two languages. I mean, he knew what it took to be successful and he did it. Yeah.   Keith Weinhold (00:31:49) -  Homeownership is generally good for communities like you touched on. You just have more of a stake in making sure your neighborhood stays quiet. Or you might show more interested enthusiasm in new clean mass transit coming into your area. You're more likely to be a voter when you own your home, and so on.   Keith Weinhold (00:32:06) -  So sure, that gives the residents a more vested stake in their own community, which is good for everybody. Does Singapore have one problem that we have here with United States housing? Do you have any idea if there's a substantial housing shortage there in Singapore, like we're seeing in so many places?   Jim Rogers (00:32:21) -  Do not shortage in the sense that you probably mean it? Yes. At times prices go high because there's not an abundance of housing and people keep moving to Singapore because it has been a successful place. So no, it's not like many places that we both know, but there are more immigrants coming here. The population is rising and they got a little somewhere. Yes, people are building homes and so it's not a gigantic problem at the moment. Can it be? Yes, of course it can be. And maybe it will be someday, but not at the moment. One thing I'll quickly say. Many societies, many countries, have a saying that families go from rags to rags and three generations. And there are many reasons for that.   Jim Rogers (00:33:11) -  So social reasons. I will point out that Singapore is now on its fourth new government. So maybe if human wisdom is correct, maybe Singapore is going to have some problems in the future. You don't see them now. They might though.   Keith Weinhold (00:33:28) -  Well, that's an interesting way to think about it. We've talked about problems in a few nations, Jim. I wonder, do you see there being a bright next up, incoming nation because you have this relative perspective from all your travels.   Jim Rogers (00:33:43) -  There are places that are trying to change and do better. Yet, Nam is a perfect example. I mean, what a nightmare it was 40 or 50 years ago. Right now it's on the rise. South Korea is one of the most successful, prosperous nations in the world. And in 1970, North Korea was richer than South Korea. That, of course, is not true anymore. So countries can change and can develop. And it has worked. I'm interested in Uzbekistan now, in Central Asia. It was ruined by the communists.   Jim Rogers (00:34:20) -  over 600 years ago. Uzbekistan conquered a lot of the world. I mean, then the communists came along and ruined it. But now they're changing again. So there's always somebody on the rise, and I'll be somebody on the decline. That's key, of course, is to be in the place where things are getting better, not getting worse.   Keith Weinhold (00:34:42) -  With that in mind is we're about to wrap up here. Jim, you know, I like an actionable takeaway for the audience. And before I ask you that, if I can share with you what we do here in a nation and a world of expanding debt, Grey's take on debt here is the way that we can borrow large amounts prudently and get our own debt is to buy income producing real estate. If you borrow more, you can only control more and both inflation and tenants passively debase your mortgage debt for you, which enriches that borrower as long as they can control their cash flow. So really, that's one thing that we're doing to play things here in a world of inflation.   Keith Weinhold (00:35:25) -  What are your thoughts with that? Or if you think that there's something else that the everyday person can really do to protect themselves in the future.   Jim Rogers (00:35:33) -  It's pretty clear that there have been, if you understand that and if you manage it properly, oh my gosh, you can become unbelievably successful and unbelievably rich. The proper words are though, if you handle it properly. History also showed that many people have been ruined by debt, so I hope that everybody understands that debt is not as simple as it looks, but if you handle it properly, oh my gosh, the returns and the rewards are huge. And yes, there are many, many throughout history, throughout the world, many people that made gigantic fortunes from property, from real estate. So I hope you're doing it right. I hope all of your viewers are doing it right. It's not as easy as it looks, but it can lead to great success and great disaster. So yes. Don't stop. Make sure that everybody understands the potential problems and the potential rewards and they don't get overextended.   Jim Rogers (00:36:37) -  Oh my gosh, you'll be very, very rich.   Keith Weinhold (00:36:40) -  Yeah, that's a little bit like fire. If used inappropriately, could burn down your house. But if you know how to use fire, you can cook meals for the rest of your life. Do you have any last thoughts overall, anything you'd like to share? Anything we really want to know?   Jim Rogers (00:36:54) -  I will tell you again that before this is over, interest rates in the US are going to go much, much higher. The debt is staggering. It is just whenever I look at the numbers and think about them, it shocks me, stuns me because I know it's going to lead to huge, huge, huge problems. But the people who are aware and understand what's happening and thrive. So this is not some kind of disaster for everybody, but some people will do extremely well. I hope that everybody you know does extremely well.   Keith Weinhold (00:37:31) -  Well, Jim Rogers, it's been a pleasure hearing from you again. As always. Thanks so much for coming out of the show.   Jim Rogers (00:37:37) -  My pleasure. I hope we can do it again sometime.   Keith Weinhold (00:37:45) -  Oh yes. It's good to get the bigger picture. Sage like wisdom. I'm not sure if you caught it early in the interview, but Jim is not selling short. That means he's not betting that stocks are about to take a big fall. He expects even higher interest rates when it comes to America's swelling debt. Most agree that they're just going to keep inflating their way out of it, rather than default on it. I do, too, but consider that the US actually does have a history of defaulting, like in 1971 when we told the world that you can no longer redeem our debt, IOUs for your gold, that there was defaulting on a promise, we weren't going to give them the gold anymore. Singapore is still growing fast. In fact, it's averaged about 2% annual growth over the last decade. If you discard pandemic aberrations, the value of the median Singapore condo is $1.7 million, and it is 1000ft² in size. That sort of makes you think about New York City real estate.   Keith Weinhold (00:38:52) -  And in fact, I had a trip planned to Singapore in February 2020. It was a cruise, but I didn't go. That part of the itinerary got cancelled. If you remember, Covid heated up in Southeast Asia early on, so I ended up spending more of that trip in India and Dubai. As it turned out, with our accelerated expansion of the supply of dollars that have been created since 2020. Here's one result today, more than 43% of Americans have been forced to cut back over the past year, and nearly 20% have had to borrow from family or friends in order to make ends meet. And you know when politicians brag about government funding. Just remember this. They're actually expecting you to give them credit for spending your money. That's what that means. And unfortunately, no one is immune from Congress's spending, which can be reckless at times. If you don't pay for something with taxes, then you pay for it with inflation. And that's exactly the type of issue that we expect to study on at Freedom Fest, where I might be fortunate enough to meet you in two days.   Keith Weinhold (00:40:10) -  Big thanks to the iconic Jim Rogers today. His website is Jim rogers.com. Coming up on the show here in future episodes soon, we're going to discuss a few components that add value to your residential real estate that really don't get discussed very often. Garages and also the vacant land that your property sits on. Also, the King of Commercial real estate is set to make his Get Rich Education debut. We'll learn about commercial real estate turmoil and the commercial sectors that higher interest rates have blown up. Well, hey, do you have family or friends that are into investing or real estate? I love it when you hit the share button on your podcasting device or whatever platform you're listening on. Everything that we do here is free, and the share button really helps the show. And be sure to follow or subscribe to the get Rich educational podcast yourself if you haven't already. Until next week, I'm your host, Keith Reinhold. Don't quit your daydream.   Speaker 6 (00:41:19) -  Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice.   Speaker 6 (00:41:29) -  Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss the host is operating on behalf of get Rich education LLC exclusively.   Keith Weinhold (00:41:47) -  The preceding program was brought to you by your home for wealth building. Get Rich education.com.

Markets , Economics and Insights Looking to learn from one of the greats – GOAT! This episode's guest: Jim Rogers - The Investment Biker Jim Rogers, a native of Demopolis, Alabama, is an author, financial commentator, adventurer, and successful international investor.  He has been frequently featured in Time, The Washington Post, The New York Times, Barron's, Forbes, Fortune, The Wall Street Journal, The Financial Times, The Business Times, The Straits Times and many media outlets worldwide.  He has also appeared as a regular commentator and columnist in various media and has been a professor at Columbia University. After attending Yale and Oxford University, Rogers co-founded the Quantum Fund, a global-investment partnership.  During the next 10 years, the portfolio gained 4200%, while the S&P rose less than 50%.  Rogers then decided to retire – at age 37.  Continuing to manage his own portfolio, Rogers kept busy serving as a full professor of finance at the Columbia University Graduate School of Business, and, in 1989 and 1990, as the moderator of WCBS's 'The Dreyfus Roundtable' and FNN's 'The Profit Motive with Jim Rogers'. In 1990-1992, Rogers fulfilled his lifelong dream: motorcycling 100,000 miles across six continents, a feat that landed him in the Guinness Book of World Records.  As a private investor, he constantly analyzed the countries through which he traveled for investment ideas.  He chronicled his one-of-a-kind journey in Investment Biker: On the Road with Jim Rogers.  Jim also embarked on a Millennium Adventure in 1999.  He traveled for 3 years on his round-the-world, Guinness World Record journey. It was his 3rd Guinness Record.  Passing through 116 countries, he covered more than 245,000 kilometers, which he recounted in his book Adventure Capitalist: The Ultimate Road Trip.   Check this out and find out more at: http://www.interactivebrokers.com/ Follow @andrewhorowitz Looking for style diversification? More information on the TDI Managed Growth Strategy - HERE Stocks mentioned in this episode: (SPY)

Este episodio es un homenaje a Jim Simons (1938 - 2024), el legendario matemático, académico y filántropo estadounidense conocido por fundar Renaissance Technologies. Su Medallion Fund, estableció un récord con una rentabilidad anual del 66% (39.1% neto de comisiones) de 1988 a 2018, una hazaña a la que solo se acerca Soros y su Quantum Fund (1969-2000) con un 32% de rentabilidad anual neta.Para hablar sobre Simons cuento, de nuevo, con la participación del gran matemático y trader Ricardo Pérez-Marco. Su trayectoria está recogida en el episodio 32 y posteriormente ha tenido varias participaciones para hablar sobre Bitcoin y póker. En este episodio se conectan ideas matemáticas con estrategias de inversión, y se acaba hablando, cómo no, de Bitcoin.Apoya este podcast visitando a los patrocinadores:Interactive Brokers: Un broker con acceso a mercados de todo el mundo.Indexa Capital: Ahorra comisiones dándote de alta con mi código.EVO Cuenta Inteligente En mi canal de Youtube puedes ver esta charla grabada en vídeo.Indice de temas0:02:12 Inversores con mejores rentabilidades de la historia0:08:13 Descubrir señales de códigos cifrados: los inicios del Machine Learning0:14:02 Stony Brook University0:15:31 Superficies mínimas0:25:23 Fiesta en Long Island0:28:12 Contratar solo científicos, no economistas0:31:43 Principio de Steinitz de acumulación de pequeñas ventajas0:33:58 Edward Thorpe0:36:41 Criterio de Kelly0:39:23 Invertir sólo en lo que se tiene alguna ventaja0:55:11 En un trade siempre hay que tener un plan de salida1:02:40 Teoría de información de Shannon1:04:31 Cadenas de Markov ocultas1:15:03 Machine Learning1:18:11 Blackjack1:20:12 Madoff, rentabiliades demasiado poco volátiles1:21:41 Explicabilidad de las estrategia de inversión1:25:56 Emocionalidad invirtiendo1:32:13 Escuelas de matemáticas1:42:28 Fundación Simons1:44:51 Crisis de reconocimiento académico1:53:41 ¿Satoshi Nakamoto es el mejor inversor de la historia?1:55:10 George Soros1:57:54 Ciclos recurrentes en el precio de Bitcoin2:13:23 Black paper sobre Bitcoin de Taleb2:21:57 Medios de comunicación y Bitcoin2:24:21 Premio de matemáticas Ricardo Pérez-MarcoEnlace a los contenidos comentados SOLO disponible en mi post en mi blog en Rankia:https://www.rankia.com/blog/such/6433058-90-homenaje-jim-simons-fundador-renaissance-ricardo-perez-marco

Tom welcomes back Tony Greer from the Morning Navigator to delve into the various market trends and investment strategies. Greer, who is bullish on gold, S&P, industrial miners, and uranium, while bearish on bonds, shares his perspective on the current economic climate. He references the volatile year of 1994, when the Federal Reserve raised interest rates to combat inflation, and believes that if similar circumstances arise again, the Fed will respond with rate cuts, leading to a bullish stock market environment. The commodity sector, particularly natural resources and housing, has seen a significant shift from tech markets, which remain mixed or flat. Greer attributes this trend to potential geopolitical tensions and increasing ISM manufacturing figures, possibly pointing towards the early stages of a World War III scenario. Greer discusses his bullish stance on gold due to central bank buying and physical demand. While some may view the recent gold rally as a head fake, he remains committed to the precious metal. He believes that declining total gold ETF holdings could indicate less speculation and increased interest in physical gold ownership. The speakers also touch upon the potential implications of increasing national debt on the US dollar and the possibility that fiat currencies, including the US dollar, will decline against gold. They ponder if the current trends in oil, copper, and other commodities represent a cyclical shift from underinvestment to materials necessary for economic growth. Throughout their discussion, they emphasize the importance of staying informed about market changes and adjusting investment strategies accordingly. Greer suggests repositioning portfolios towards natural resources and industrial sectors, despite slower growth compared to tech stocks, as these markets may have more significant impacts with smaller amounts of capital. The conversation highlights potential long-term consequences of current economic trends, including national debt levels and the role of gold as a safe-haven asset. Timestamp References:0:00 - Introduction0:40 - Bullish Stocks & Gold9:23 - Fed Games & Inflation15:12 - Gold Rally & Disorder17:15 - Gold Vs. Silver18:12 - Metals & Frustration20:30 - Capital Rotation23:17 - Gold ETF Declines24:42 - Metal Investing26:20 - The WHO Quagmire28:44 - Confidence in Media30:18 - Exponential Debt31:49 - Oil & Copper Cycles33:52 - Peak Frustration36:40 - Uranium Fundamentals39:13 - Time to Pay Attention42:30 - Wrap Up Talking Points From This Episode Tony is bullish on both gold, miners and the S&P 500. Declining Gold ETF Holdings could signal a shift from paper to physical. Tony discusses the importance of paying careful attention to your portfolio this year. Guest Links:Substack: https://tgmacro.substack.com/Twitter: https://twitter.com/tgmacroWebsite: https://tgmacro.com/E-Mail: tony@tgmacro.com After graduating from Cornell University in 1990 Tony followed in his father's footsteps to a Wall Street trading operation. He quickly learned his career path would be vastly different. He says, "I would not be sitting in the same seat on the same trading desk managing the same risk for the same firm for over 30 years." We have clearly entered a new era in financial markets. He began in the treasury department of Sumitomo Bank on the 107th floor of the World Trade Center downtown Manhattan. Tony was an FX trading assistant while the Quantum Fund was breaking the Bank of England in 1992. In 1993 he joined Union Bank of Switzerland as an FX and commodities trader, spending half a year as a Vice President in their Zurich treasury department. Then returned to New York City early in 1995 to join J. Aron & Company, the privately held commodity trading arm of Goldman Sachs. He managed risk for the Goldman Sachs Commodities Index, in precious and base metals trading, and futures and options trading on the New York Mercantile Exchange.

► Download our App to invest in innovation: https://optothemes.onelink.me/BZDG/ti2lb2fdToday, we are privileged to welcome Jim Rogers, investing legend and co-founder of the Quantum Fund, which famously returned 4200% over just 10 years.In this episode, Jim discusses the overexuberance that he believes is ramping up in global markets in 2024. One exception to this trend is China, which is going through a period of “despair” following its real estate bubble.Jim also mentions why he's investing in countries like Uzbekistan before sharing insights into his long/short investment strategy and the key qualities of a successful investor.  Enjoy! ► Disclaimer: https://optothemes.com/disclosures

¿Quién es Jim Rogers?Se trata de uno de los inversores más exitosos de la historia.Parte de tu reconocimiento viene por su vinculación con George Soros para la creación del reputado Quantum Fund, donde lograron una rentabilidad del 4.200 % en siete años.En este vídeo, conocerás todos los detalles sobre su infancia, educación y vida laboral, la cual se inició en la prestigiosa firma de inversión Dominick & Dominick LLC.Más adelante, este poco conocido y, a la vez, interesante inversor originó el famoso Rogers International Commodity Index (RICI), que se trata de un índice internacional de materias primas.En realidad, “se trataba”, pues hoy en día ya no está disponible.Jim Rogers también es famoso por sus viajes en moto por todo el mundo.¡Incluso batiendo un récord Guinness!¡Te encantará descubrir todos los entresijos de su historia, la cual es verdaderamente inspiradora para muchos!¿Te gustaría saber cómo descubrí yo misma a Jim Rogers?Lo hice a través del libro que precisamente te resumo en este vídeo:    •

Jim Rogers, a well-known investor, author, and financial commentator. He is the co-founder of the Quantum Fund, a hedge fund that achieved an impressive record of returns, and the author of “The Investment Biker”. In this episode, you will learn:

Join Wealthion host James Connor in an exclusive conversation with renowned investor Jim Rogers. In this episode, Rogers shares his insights on the current economic landscape, discussing the unprecedented levels of inflation, where he see currently thinks investors should be buying value and selling in hysteria, the ahead challenges presented by social and political unrest and more! More about Jim Rogers: Jim Rogers, co-founder of the Quantum Fund with George Soros in 1973, achieved significant acclaim for steering the fund to a remarkable 4,200% gain from 1973 to 1980. Retiring at the age of 37, having amassed substantial wealth, Rogers continued to manage his portfolio and diversified into various ventures. His global motorcycle journey across six continents, covering over 100,000 miles, earned him a place in the Guinness Book of World Records and inspired his best-selling book, "Investment Biker." Rogers, an active investor and commodities expert, founded the Rogers International Commodity Index in 1998 to monitor commodity futures contracts on international exchanges. t Wealthion, we show you how to protect and build your wealth by learning from the world's top experts on finance and money. Each week we add new videos that provide you with access to the foremost specialists in investing, economics, the stock market, real estate and personal finance. We offer exceptional interviews and explainer videos that dive deep into the trends driving today's markets, the economy, and your own net worth. We give you strategies for financial security, practical answers to questions like “how to grow my investments?”, and effective solutions for wealth building tailored to 'regular' investors just like you. There's no doubt that it's a very challenging time right now for the average investor. Above and beyond the recent economic impacts of COVID, the new era of record low interest rates, runaway US debt and US deficits, and trillions of dollars in monetary and fiscal stimulus stimulus has changed the rules of investing by dangerously distorting the Dow index, the S&P 500, and nearly all other asset prices. Can prices keep rising, or is there a painful reckoning ahead? SCHEDULE YOUR FREE WEALTH CONSULTATION with Wealthion's endorsed financial advisors here: https://www.wealthion.com/ Subscribe to our YouTube channel https://www.youtube.com/channel/UCKMeK-HGHfUFFArZ91rzv5A?sub_confirmation=1 Follow us on Twitter https://twitter.com/wealthion Follow us on Facebook https://www.facebook.com/Wealthion-109680281218040 ____________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests do not necessarily reflect the views of Wealthion. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields. While we value and appreciate the insights shared by our esteemed guests, they are to be viewed as personal opinions and not as official investment advice or recommendations from Wealthion. These opinions should not replace your own due diligence or the advice of a professional financial advisor. We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so. The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust.

Today's guest was a key player on the George Soros team, who in 1992 helped the Quantum Fund make $1bn, shorting sterling ahead of the UK's withdrawal from the ERM. As Soros's CIO, he was also dubbed ‘The Man Who Broke the Bank of Japan' by the Wall Street Journal after making approximately $3.5bn on the Abenomics trade from 2012-2015.  Scott is widely acknowledged to be one of the world's most highly respected macro hedge fund managers, and currently runs Key Square Capital Management. He has also taught financial history at Yale and is a prominent philanthropist. In this episode, Scott explains the key ingredients in being a macro manager. He charts his journey, working with legendary investors such as Stan Druckenmiller and George Soros. He opines on a range of key investment themes, including his thoughts on de-dollarisation, debt, commodities, the Ukraine rebuild, and AI. He also shares his analysis of the fast-evolving markets in both China and Japan. Scott goes on to discuss risk, when and how he sizes positions, signposts that influence conviction, and dealing with information overload. A tour de force! Sign up to our Newsletter |  Follow us on LinkedIn |  Watch us on YouTube The Money Maze Podcast is kindly sponsored by Schroders, Bremont Watches, LiveTrade and IFM Investors. 

Soy Checkoff: https://www.unitedsoybean.org/More About Jim Rogers: https://www.jimrogers.com/Today's episode features Jim Rogers. I will first admit that this episode is pretty selfish. I found Jim's books, particularly “Investment Biker” “Adventure Capitalist” and “Hot Commodities” in college when I was trying to figure out where my interests were and where I might like to start my career. I already had an interest in agriculture, international travel, and investing, so they had a huge impact on me. In fact, I decided to start my career in commodities in no small part because of his writing. So, when I had the chance to interview him on his thoughts about the world generally, I jumped at it. This one might be a bit different from our normal content because Jim is looking at broader economic and geopolitical drivers from an investor perspective and not so much as a “ag person” but I think his perspective is extremely valuable. The other reason this one might be a little bit different is I couldn't help but become starstruck by him. He really had that big of an impact on me at a formative age. If you weren't a wannabe investment geek in college like I was, let me give you some biographical background. Jim Rogers, a native of Demopolis, Alabama, is an author, financial commentator and successful international investor. After attending Yale and Oxford University, Rogers co-founded the Quantum Fund, a global-investment partnership. During the next 10 years, the portfolio gained 4200%, while the S&P rose less than 50%. Rogers then decided to retire – at age 37. Continuing to manage his own portfolio, Rogers kept busy serving as a full professor of finance at Columbia University Graduate School of Business, and, in 1989 and 1990, as the moderator of WCBS's ‘The Dreyfus Roundtable' and FNN's ‘The Profit Motive with Jim Rogers'.From 1990-92, Jim Rogers fulfilled his lifelong dream: motorcycling 100,000 miles across six continents, a feat that landed him in the Guinness Book of World Records. As a private investor, he constantly analysed the countries through which he travelled for investment ideas. He chronicled his one-of-a-kind journey in “Investment Biker: On the Road with Jim Rogers”. Rogers also embarked on a Millennium Adventure in 1999. He travelled for 3 years on his round-the-world, Guinness World Record journey. It was his 3rd Guinness Record. Passing through 116 countries, he covered more than 245,000 kilometres, which he recounted in his book “Adventure Capitalist: The Ultimate Road Trip”. His book, “Hot Commodities: How Anyone Can Invest Profitably In The World's Best Market”, was published in 2004. Another of his books “A Bull in China” describes his experiences in China as well as the changes and opportunities there.

Zum fünften Mal widmen sich die AKTIONÄR-Redakteure Tim Temp und Benjamin Heimlich einer Legende des Kapitalmarkts: Stanley Druckenmiller. Er war nicht nur einer der Köpfe hinter dem Quantum Fund von George Soros, sondern hält auch den beeindruckenden Track-Record von 30:30:0. Was es damit auf sich hat, was Anlegerinnen und Anleger von Druckenmiller lernen können und vieles mehr gibt es in Folge 92 des einfach börse-Podcasts. Das Interview mit Stanley Druckenmiller findet Ihr hier: https://www.youtube.com/watch?v=53wThFFuOqU Die SEC-Unterlagen von Duquesne Family Office findet Ihr hier: https://www.sec.gov/edgar/search/#/entityName=CIK%25200001536411 Die August-Ausgabe einfach börse findet Ihr hier: https://tiny.li/Lsdg Wir wollt keine Ausgabe mehr verpassen? Holt Euch einfach börse im Probeabo (3 Ausgaben für 10 Euro): https://tiny.li/1Vcg Hinweis: Die im Podcast besprochenen Aktien und Fonds stellen keine spezifischen Kauf- oder Anlageempfehlungen dar. Die Moderatoren oder der Verlag haften nicht für etwaige Verluste, die aufgrund der Umsetzung der Gedanken oder Ideen entstehen.

Back in the 70' he co-founded Quantum Fund with George Soros. Now it's a long time past. Jim Rogers has been an investor on its own for years. He's living in Singapure and believes Asian Century has come. Sadly he has got no good news for young people. Unless they learn how to profit from disasters, they'll be in troubles.

Get our newsletter free here or text “GRE” to 66866. Higher interest rates are cracking the economy—failing banks and failing commercial RE loans. With many expecting rates to go much higher, what else will break? Keith Weinhold, the host of the Get Rich Education podcast, discusses the current state of interest rates and their potential future trajectory.  Jim Rogers, legendary investor with an estimated $300M net worth, returns. He shares his insights on interest rates and inflation.  We discuss the impact of inflation on various asset classes, including real estate, and the potential for higher interest rates in the future.  The conversation also touches on topics such as agricultural real estate, the oil market, central bank digital currencies, and the role of gold and bitcoin as alternative forms of wealth storage.  Overall, the episode provides valuable insights into the current economic landscape and its implications for investors. Title [00:01:56] Introduction and overview of the current state of interest rates and market distortions. Title [00:05:03] Discussion on the unpredictability of interest rate predictions and the acknowledgment of inflation by Jerome Powell. Title [00:08:28] Explanation of the historical trend of interest rates, the recent rise in rates, and predictions for future rate movements. Title [00:12:09] Jim Rogers on Borrowing Money and Interest Rates Discussion on the benefits of borrowing money at low interest rates and the prediction of interest rates going higher. Title [00:14:27] Jerome Powell and the Possibility of a Soft Landing Questioning whether Jerome Powell can raise interest rates enough to control inflation without causing an economic crash. Title [00:18:41] Inflation, Interest Rates, and Real Estate Exploring the impact of inflation and interest rates on real estate investments and the potential risks for property owners. Topic 1: Agricultural Real Estate [00:22:21] Discussion on the opportunities in agricultural real estate due to erratic weather patterns and reduced yields in various crops. Topic 2: Oil Market [00:24:16] Conversation about the current state of the oil market, the decline in known reserves, and the potential for higher energy prices. Topic 3: Central Bank Digital Currencies (CBDCs) [00:26:04] Exploration of the proliferation of CBDCs and the implications of a digital currency controlled by central authorities, including potential restrictions on spending and increased government control. Title [00:32:06] History of Money and Gold Standard Discussion on the different forms of money throughout history and the transition from silver to gold as the basis for the US currency. Title [00:32:47] The Diminishing Value of the Dollar The prediction that the value of the dollar will continue to diminish over time and the suggestion to invest in real estate instead of saving in dollars. Title [00:33:33] Invest in What You Know Advice for investors to only invest in what they know about and not rely on advice from others, emphasizing the importance of knowledge and understanding in investment decisions. Resources mentioned: Show Notes: www.GetRichEducation.com/457 Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Find cash-flowing Jacksonville property at: www.JWBrealestate.com/GRE Invest with Freedom Family Investments. You get paid first: Text ‘FAMILY' to 66866 Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review”  Top Properties & Providers: GREmarketplace.com Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold   Complete episode transcript:   Speaker 1 (00:00:01) - Welcome to GRE. I'm your host, Keith Weinhold. Interest rates rose fast last year, but a lot of experts think that they're going to go substantially higher from today's level, including our guest today, who is a legendary investor. How much higher will rates go and what's driving them higher today on get rich education.   Taxes are your biggest expense. The best way to reduce your burden is real estate. Increase your income with amazing returns and reduce your taxable income with real estate write offs. As an employee with a high salary, you're devastated by taxes. Lighten your tax burden. With real estate incentives, you can offset your income from a W-2 job and from capital gains freedom. Family Investments is the experience partner you've been looking for. The Real Estate Insider Fund is that vehicle. This fund invests in real estate projects that make an impact, and you can join with as little as $50,000. Insiders get preferred returns of 10 to 12%. This means you get paid first. Insiders enjoy cash flow on a quarterly basis, and the tax benefits are life changing.   Speaker 1 (00:01:10) - Join the Freedom Family and become a real estate insider. Start on your path to financial freedom through passive income. Text Family to 66866. This is not a solicitation and is for accredited investors only. Please text family to 66866 for complete details.   Speaker 2 (00:01:33) - You're listening to the show that has created more financial freedom than nearly any show in the world. This is Get rich education.   Speaker 1 (00:01:56) - Welcome to GRE! From Mount Washington, New Hampshire to Mount Whitney, California, and across 188 nations worldwide. I'm Keith Whitefield and you are listening to Get Rich Education. Hey, it's great to have you back. Interest rates are not high today. They're just moderate by historic standards. But of course, the rapid rate of increases last year was faster than it's ever been in our lives. And that's what introduces market distortions. Today's guest is going to talk about that with us later. That's the legendary Jim Rogers. And it's public information that he has an estimated $300 million net worth. When Jim talks, people listen. When he was here with us in 2019, he was emphatic that interest rates were going to go much higher.   Speaker 1 (00:02:43) - He was completely correct. And few others were saying that then. In fact, when he's with us here shortly, all recite the interest rate quote that he stated here on this show back then and get his forecast from this point on as well before discussing interest rates a quarter recently ended. So let's whip around the asset classes as we do here at times, because you need to be able to compare real estate with other investments. The first half of this year, the S&P 500 was up a fat 17%. I'm just running to the nearest whole percent here. The tech heavy Nasdaq index had its best first half of the year in four decades. Gold was up 6%. Oil was down 34%. Bitcoin up an astounding 84% the first six months of the year. And that's partly because it really bottomed out near the beginning of this year per Freddie Mac. The 30 year fixed mortgage began the year at 6.5%, and now it's up to 6.7 for real estate. Since it lags, we've got a realtor.com year over year figure.   Speaker 1 (00:03:48) - The median listing price was up 1% to 440 K financial institutions aced their Fed stress test that they call it that measures how banks are holding up during a downturn. Q1 GDP was revised way higher than they previously calculated, so the economy is doing even better than many thought. And the number of Americans that are filing for new unemployment claims that fell the most in 20 months. So therefore, the economy is still hot by a lot of measures. Well, that puts more upward pressure on interest rates. Well, an interest rate that can be thought of as your cost of money, and they can even affect factors beyond the economic world. For example, in demographics, I mean, historically high interest rates, they've actually been a mild impediment to people's very migration and mobility. Understand the Fed's interest rate predictions and really all of their predictions have been awful, just awful. A long line of them. Fed Chair Jerome Powell's inflation is transitory. I mean, this is the latest notable one. He said that in 2021.   Speaker 1 (00:05:03) - I mean, though, look on your phones weather app, you don't trust the weather forecast ten days into the future. So I don't know why we would listen so intently, even reverentially to what the Fed economists predict for the next month or the next year. I mean, the economy can have as many or more variables than the weather. I'm going to assume. And these people know nothing Volcker, Greenspan, Bernanke, Yellen, Powell. They know nothing but see, they act like they know. So I just sort of wish they'd say we don't know more often. And by the way, this is why I do not predict interest rates like virtually everyone else. I know nothing on that. I joke around and I say I will let someone else be wrong and go ahead and predict interest rates. It's really hard to do now. A little credit to Jerome Powell later on, though, he did acknowledge that they ought to stop calling inflation transitory. So I think the word transitory has different meanings to different people.   Speaker 1 (00:06:08) - To many, it carries.   Speaker 3 (00:06:09) - A time, a sense of of short lived. We tend to to to use it to mean that that it won't leave a permanent mark in the form of higher inflation. I think it's it's probably a good time to retire that that word and try to explain more clearly what we mean.   Speaker 1 (00:06:26) - Another credit to Powell in today's Fed is that they'll tell you what interest rate decisions they plan to make at upcoming meetings, which is certainly a welcome departure from the opaque Alan Greenspan where you needed to try to translate his Fed speak. So if the Fed rate goes higher, then you can generally expect other rates to go higher. The prime rate mortgage rates, credit card interest rates, automobile loans and more. Jim Grant. Who's been running the interest rate observer since 1983. He recently said that we are embarking into a long era of higher interest rates. He says that that's due to inflation and asset price speculation and of course rates wouldn't move up in some sort of straight line from here. During recessions, interest rates fall.   Speaker 1 (00:07:14) - Well, in that case, if you had recessions during a longer term up spell, where you'd have is higher interest rate lows in a recession. Now, starting in 1958, something strange happened in America. In a recession, prices did not fall into many. This marked the beginning of the age of inflation. That was 65 years ago. So you're pretty used to that. If there is a recession, prices don't fall. All right. Well, after that period, rates went up, up, up until they peaked in 1981. And then they went down. Rates fell from 1981 until 2021, and now they have begun to rise again. Well, because artificially low rates that were set to deal with Covid, because they're still recent, I mean, many people have this sort of muscle memory of zero zero interest rate policy. Maybe you do, too. And it was an all you can eat buffet table of credit. And that buffet table was open for business for ten years. Well, now that we've hiked up the Fed funds rate from 0 to 5%.   Speaker 1 (00:08:28) - All right. Well, back on June 28th, Powell said that more restrictive policy is still the COB because they're continuing to fight inflation. And that includes the likelihood of quarter point interest rate hikes at consecutive meetings and two or more increases by the end of this year. Now, our frequent macro economist contributor here on the show, Richard Duncan. He says there is an unusual divergence between weak credit growth and solid economic growth. And that was probably brought about by the surge in savings from people's government checks during the pandemic. Well, if that divergence persists, then the Fed might have to raise rates even more than the half percent plus that they suggested is necessary by the end of this year. And Duncan says that the stock market is not prepared for the Fed rate to go from 5% today up to 6%. And if it does, the stock market could be in for a painful correction in the months ahead. Now, to my point about interest rates being hard to predict, some economists think that rates will generally fall after this year as well.   Speaker 1 (00:09:34) - So some people see it that way, but I think there are more now predicting that they will rise rather than fall. As the legendary investor that predicted that interest rates were going to go way higher when he was back here with us in 2019 is he joins us soon. We could have some challenging audio quality on this remote to Singapore, but people really hang on what Jim has to say. That's next. I'm Keith Wild. You're listening to episode 457 of Get Rich Education. With real estate capital Jacksonville. Real estate has outperformed the stock market by 44% over the last 20 years. It's proven to be a more stable asset, especially during recessions. Their vertically integrated strategy has led to 79% more home price appreciation compared to the average Jacksonville investor since 2013. Genevieve is ready to help your money make money and to make it easy for everyday investors. Get started at GWB real Estate. Agree that's GWB Real estate agree Jerry Listeners can't stop talking about their service from Ridge Lending Group and MLS 42056. They've provided our tribe with more loans than anyone.   Speaker 1 (00:10:49) - They're truly a top lender for beginners and veterans. It's where I go to get my own loans for single family rental property up to four plex. So start your pre-qualification and you can chat with President Charlie Ridge personally, though, even deliver your custom plan for growing your real estate portfolio. Start at Ridge Lending Group. Hi, this is Russell Gray, co-host of the Real Estate Guys radio show. And you're listening to Get Rich Education with Keith Reinhold. Don't Quit Your Day Dreams. Today's guest is one of the most esteemed celebrated and legendary business moguls, investors and financial commentators of our time. He co-founded the Quantum Fund, one of the world's first truly global funds. He's created his own commodities index, his own ETF, and he is a popular author of a great many books. Welcome back. For your third appearance on Jim Rogers case. There's no reason to go into all that. I'm just a simple Earth. That's why people like listening to you, because you rather plain spoken on what some people deem to be some pretty complex concepts.   Speaker 1 (00:12:09) - So it's good to have you here joining remotely from where you live in Singapore. You were here with us in both 2019 and 2021 and in 2019 here on the show you said and I've got the quote right here, if you can borrow a lot of money for a long period of time at low interest rates, rush out and do it right now, That's what you said. That was prescient. And also in 2019 here on the show, you said, and I quote again, interest rates are going to go much, much, much higher over the next few decades and it is going to ruin a lot of people. And here we are today. So what are your thoughts with regard to interest rates and inflation here? Jim.   Speaker 4 (00:12:52) - You make many mistake. Please. It's made many, many mistakes and I'm sure hope I live long enough to make many, many more mistakes. Yes, interest rates are up. They're up substantially. It sent them, but it is not over yet. Interest rates will go much, much higher because we have friend, not just we, but central banks everywhere have printed huge amounts of money.   Speaker 4 (00:13:17) - And whenever you print lots of money, inflation, college interest rates go higher and the usual amount of money inflation gets very high. And that always leads to central banks having to raise interest rates too high level because they don't know what else to do. In 1980, before you were born, interest rates on central US government Treasury bills, 90 day Treasury bills, interest rates were over 21%. Gosh, that's not a typo. 21% because inflation was out of control and we had to take drastic measures, which meant you have to do something like that again.   Speaker 1 (00:13:58) - That would be interesting. So to bring us up to where we are right now, the federal funds rate is basically gone from 0 to 5% since last year. Mortgage rates rose from 3% to 7% just last year alone. And a lot of nations are jacking up interest rates. Turkey just decided that they are going to raise interest rates 6.5% all at once. And some people don't think that is enough. So here we are. I mean, you talked about what happened about 40 years ago.   Speaker 1 (00:14:27) - Can Jerome Powell engineer a soft landing? Does he have any chance of doing that where he can raise rates enough to quell inflation but yet not crash the economy?   Speaker 4 (00:14:37) - No, of course not. First of all, in 1980, America was still a creditor nation. Now with the largest detonation in the history of the world. Yeah, that's staggering. And they go up every week, and the amount of money that's been printed is beyond comprehension. I don't know how they can solve this problem without really getting drastic and taking interest rates to very high levels back in 1980. The Federal Reserve had the support of the president. The president told him to do whatever you have to do because the head of the central bank was all over. It was a smart man. He knew what he had to do, but he made sure he had political support before he did it. Now, the president did not get reelected because Volcker did what had to be done. We don't have as smart a central bank head now as we did then.   Speaker 4 (00:15:31) - And the amount of money that's been printed is overwhelming. And America's debt with the largest detonation in the history of the world and we were a creditor then. So there are things that are different. So he would be worried if I were you. In fact, I am worried, so I'll leave it to you. But I'm more.   Speaker 1 (00:15:50) - Well, that's right. Carter was a one term president. We'll see if Jerome Powell ends up breaking too many things. If Biden only ends up being a one term president, then as well, whether it's his fault or not, oftentimes the onus could fall on him. You bring up all this debt, the greatest detonation in the history of the world. And maybe the first time you and I spoke back in 2019, I don't know what our debt was then. Maybe it was 25 trillion. Now it's more than $32 trillion. Maybe just as concerning. More our debt to GDP ratio is about 121%. So I guess really what I'm getting at, Jim, is how will we know that things break and things are already breaking in a world of higher interest rates with failing banks and more stress in the commercial real estate market.   Speaker 1 (00:16:37) - So what else is going to break?   Speaker 4 (00:16:40) - Jimmy Carter did say to go do whatever you have to do and I will go you. I doubt Biden would say to the central bank, do whatever you have to do without or you. And I doubt if the central bank Powell, the head of the central bank, now really comprehend what he's gotten us into. You know, he kept saying all along, oh, don't worry, everything is under control. The secretary of the Treasury, Janet Yellen, he's got Ivy League degrees, also kept saying, don't worry, everything is under control. We know what we're doing. We do have different people this time, not many Paul Volcker's that comes along in history. To me, the indications are going to get worse. They will not solve the problem until we have a very, very serious problem. I'm not optimistic. Having said that, if I'm not selling short or anything else at the moment, I'm worried about the markets in a year or two. But at the moment, since nobody seems to understand what they're doing at the Reserve or in the presidency, we can have okay times for a while, but the ultimate problem gets worse and worse and worse unless you deal with it.   Speaker 1 (00:17:56) - I don't know whether the economy has been slowed down enough yet or not. So in the midst of higher interest rates, we continue to create an awful lot of jobs. But there's a greater body of work that shows a lot of these jobs are just jobs that have recovered, that were lost in the pandemic.   Speaker 4 (00:18:13) - The economy is not bad in the US, economy is still strong. You mentioned office. You'll have a lot of jobs. ET cetera. Yes, we have inflation, but inflation is not as bad as it was in the 70s. And you look out the window and everything seems okay. At the moment. I'm just worried about what's coming down the road because I know that some throughout history, if you print a huge amount of money, you create big problems.   Speaker 1 (00:18:41) - We are avid real estate investors here directly investing in real estate. And as we have this chat about inflation and interest rates is real estate investors, ideally we would have low interest rates and high inflation. However, those two are positively correlated.   Speaker 1 (00:18:57) - You typically have both high interest rates and high inflation or low interest rates in low inflation. That positive correlation.   Speaker 4 (00:19:05) - Inflation always in the history has led to higher interest rates for a variety of reasons, which I'm sure you understand. If history is any guide, interest rates are going to go much, much higher eventually. And then you know very well I interest rates are not good for property, not good for real estate investors. They never have that. Even if you don't have any big debt and you don't have that problem or mortgage problems or anything, maybe your neighbors do. And if your neighbors have problems, that means their property prices will go down and that's going to affect you because you're nearby and everybody will say, oh, that property is collapsing. What about teeth? And teeth can say, Oh, no, don't worry about me. I don't have any debt. They'll say, okay, you don't have any debt, but we can buy property in your neighborhood. Very cheap because your neighbors have problems.   Speaker 4 (00:20:06) - That gives you a problem.   Speaker 1 (00:20:08) - That's right. Fortunately, Americans have plenty of protective equity in their properties despite these higher rates. You know, residential real estate here in the second half of 2023 is still doing just fine, probably because there's still a scarce supply of residential real estate. You've got more people working from home driving demand for residential real estate. But of course, office real estate has probably been hit the worst, crunched by high interest rates and the work from home trend both. So really that's where we've seen so many of the cracks in the real estate world, especially around the office space. Where else might we see cracks as interest rates continue to go higher like you think they will?   Speaker 4 (00:20:46) - Well, again, throughout history, when interest rates go higher and it attracts investors and money and people take their money out of property or stocks or whatever with their money and say yielding is you can buy the Treasury bills at 21%. That's attractive to a lot of people. And that's, you know, risk free and it's very high return.   Speaker 4 (00:21:12) - So as interest rates go higher in attracts money from other investment classes in other areas, it's very simple. People are not that dumb. We know that if we can get high interest rates safe, they will do it. And we have to take a risk and the stock market or something else for that spike to do.   Speaker 1 (00:21:33) - Sure. Higher rates just incentivize a few more people to be savers as they can now safely get above 4% in these online bank accounts today, where they are getting pretty close to 0% just a couple years ago. We talk about real estate investment. Oftentimes here we talk about improved property on a piece of land. But of course, the more traditional use of real estate is growing crops on a piece of land. And I know you've been a long time agricultural investing enthusiast and a thought leader in agricultural real estate investing. What are your thoughts about agricultural real estate, since in these past few years really we've seen more of these erratic weather patterns that have resulted in things like reduced peach yields in Georgia and reduced ores yields in Florida.   Speaker 1 (00:22:21) - Something else, Jim, we've seen reduced coffee yield in Panama, that last one, that's sort of a fractional ownership investment that we featured on the show here. Fractional ownership investment in coffee farm parcels in Panama. That's created some problems with their yield. Of course, you can see that reflected in the low levels of the Panama Canal as well that looks to threaten the economy. But what are your thoughts about agricultural real estate in this erratic weather that we've had? Perhaps that's an opportunity if that's reflected in lower agricultural real estate prices?   Speaker 4 (00:22:52) - I'm optimistic about agricultural land prices because, you know, for a long time, nobody wants to be a farmer. The average age of farmers in America is 58. The average age in Japan is 66. Mean, I can go on and on. Although the highest rate of bankruptcy in the UK is in agriculture. So agricultural disaster worldwide for a long time and disaster usually leads to great opportunities. If you know how to drive a tractor, if you should go buy yourself some farmland and become a farmer, if you like getting hot and sweaty every day, it can be a very exciting way to live.   Speaker 4 (00:23:38) - I just see I know from history when something gets very bad for a long time, it usually leads to a great opportunity.   Speaker 1 (00:23:48) - Well, you are so experienced in commodities trading in the number one, the most traded commodity in the world is oil. And it seems that the oil price really isn't very high now, especially when you adjust that for all the inflation that we've had the past few years and of course the oil market and the oil price drives the prices of so many other downstream products. So what are your thoughts with regard to the oil market and where we're headed there? Jim.   Speaker 4 (00:24:16) - I know that known reserves of oil have peaked and are in decline just about worldwide. Does it mean it has to continue going up? But unless somebody finds a lot of oil quickly in accessible areas, the price of energy undoubtedly will go higher. The price of energy is going to stay high. Oil and natural gas, whether we like it or not, and I know we don't like it, but unless you wave a magic wand and you know, in Washington, they keep doing things that they don't help the supply of energy, they they damage it because they put restrictions and controls on energy.   Speaker 4 (00:24:55) - So unless something happens somewhere in the world pretty quickly, energy is not going to be cheap.   Speaker 1 (00:25:01) - Renewables like solar and wind may be the future, but oil has a high degree of energy density that a lot of those renewables still don't. We're talking with legendary investor Jim Rogers. He's joining us from Singapore. You talked about all this dollar printing, which has created inflation. And in order for central governments and central banks to get more control over people, discussion with Cbdcs central bank digital currencies has really percolated quite a bit in the past few years here. And with your international perspective, your world view. I'd like to know what your thoughts are on Cbdcs, whether you see a proliferation of it, where you see it starting for those that aren't aware of it. Central bank, digital currencies. That gives a government central control where all money is digital issued by the central authority, where your money can be stored digitally on your phone so that a central authority like a bank or a government can have control over you.   Speaker 1 (00:26:04) - For example, if your local economy is sagging, well, the government could tell you through your cbdc, your central bank, digital currency, for example, that you need to spend 30% of your income within a ten mile radius or else your money expires. Or this would give central authorities power to do something like say, you know, there's a curfew so you can't spend any of your money after 9 p.m. or this is where they could push ESG, environmental, social and governance agendas through targeting your spending or targeting your spending through diversity, equity and inclusion and getting more control that way through Cbdc. So what are your thoughts with the proliferation potentially of Cbdcs, Jim?   Speaker 4 (00:26:44) - We're all going to have digital money in the future, whether we like it or not. It already happened and China's way ahead of it. You can't take a tax in China with money. You have to have your digital money. Your own money. Yeah. And the ice cream in China with money. So it is happening. And nearly every country is working on computer money.   Speaker 4 (00:27:06) - Let's call it whatever you want to put your money. And governments love computer money is cheaper. It's easier. They don't have to transport it all they love. But mainly they love it because they've complete control over all of us. As you point out, they know everything you do. They'll call you up one day and say, Keith, you've had too much coffee this month. Stop drinking so much. Whatever it is, they love control and they love knowledge. I don't, but they do. So this is the world we're coming to. None of us will have money in our pockets except on our own. And yes, that's the new world. It's not far away in 2023. Okay. Anything that's not good for the citizen, Washington will catch up very fast if it's good for them. So no money is coming.   Speaker 1 (00:28:00) - Yeah. Let's hope the cbdcs don't turn up the coffee for anybody. This might make one wonder, you know, what can they do about it is you see more cbdc sentiment building in other nations with them potentially doing something like this.   Speaker 1 (00:28:15) - Is it a smart thing then for someone rather than store dollars, to instead borrow dollars by having loans on real estate? Or is it better to just completely be out of the government system of currency issuance or at least park more of your prosperity outside of the government system of dollars and euros and pesos and riyals and yen, and instead into a non governmental alternative like gold or Bitcoin. Would that be a better path? What are your thoughts there?   Speaker 4 (00:28:44) - When the government says, okay, now this is money, they're not going to say, okay, but if you want to use that money over there, use their money. We don't care. Governments love control and they love Monopoly, especially when it comes to money. So there may be competing types of money that you dollars now anyway. I guess you and I could swap gold coins or seashells or something if we wanted to. Most of the people in the US use government money and that's the way it's going to be. Whether we like it or not, the government has the monopoly.   Speaker 4 (00:29:22) - They have the guns. And if you can say, All right, I'm not going to use government money, I'll say, okay, but you're not going to be able to pay your taxes, then you're money. You're not going to be able to buy a driver's license or pay your other fees with other money. You're going to have to use government approved money.   Speaker 1 (00:29:42) - Well, the government tried to shut down ownership of gold like they did previously or Bitcoin, which would be unprecedented. I'm talking about the United States government, especially in this case or other developed economies.   Speaker 4 (00:29:54) - But when the US took away the right to go in 30s, that was gold was the basis for. Monetary system. It is much, much, much more important to the world economy. Then gold is not that important in the world's economy now. It's important, but so is right. So a lot of stuff. So I doubt if they will take gold away again. I don't see them outlawing digital money currency unless it becomes very successful and competitive to the government.   Speaker 4 (00:30:30) - Then they'll do. They always have.   Speaker 1 (00:30:33) - Bitcoin's market cap is still under $1 trillion, but increasingly you do have more and more politicians that own Bitcoin and there are a few advocates for Bitcoin there in Congress. So if that's the change you want to see, maybe you want to vote in people that are promoting the holding of prosperity outside of US dollars really by being Bitcoin advocates in Congress there. That's one thing that you can possibly do. But we talk about gold and silver. You know, I really like the fact that it is scarce. Just like Bitcoin has scarcity. There will never be more than 21 million Bitcoin. And of course gold and silver have a finite supply.   Speaker 4 (00:31:14) - Well, but first of all, please remember many digital currencies, not Bitcoin, but many have already disappeared and gone to zero.   Speaker 1 (00:31:23) - And there are some Bitcoin critics out there that say something like, well, there have been more than 20,000 cryptocurrencies. So what makes Bitcoin any better? Well, I think the fact that a lot of these cryptocurrencies that have little or no utility or mean coins, so if they come by and then they die, I don't think that should diminish Bitcoin in its utility in any way.   Speaker 1 (00:31:42) - Just like there have been over 20,000 stocks in history. And if a new stock comes by that doesn't have any value or any fundamentals and it fails, it doesn't diminish the market cap leader Apple one bit at all. So I don't think it's a valid comparison to say that just because a new cryptocurrency comes and goes that shouldn't diminish or knock Bitcoin at all, just like it shouldn't Apple, if a flashy new stock comes by and dies?   Speaker 4 (00:32:06) - Well, throughout history, money has come and gone. People use seashells, people use cows, People use lots of things, glass beads all over the world. You know, the US was founded on a silver standard at 1792. Silver was the basis for the US currency that later changed to gold.   Speaker 1 (00:32:27) - What's so interesting, Jim, written in our United States Constitution, it stated that gold and silver shall be money, but of course it's not. In Nixon completely departed the last vestige of that in 1971. Yet there was no amendment written to the Constitution to supersede it.   Speaker 1 (00:32:47) - Gold and silver shall be money when it comes to currency and how one measures the prosperity in the United States. It is the dollar. We know it's going to continue to be the dollar for some period of time yet, and you can't get too many certainties in investing. And really the second near certainty we can get is that the dollar is going to continue to diminish in value. So that's why rather than save it, we borrow for real estate. Jim, wrap it up here. In this world of higher inflation, though, it's come down in higher interest rates where you tend to think they will keep going higher. What should one do, maybe especially a younger person today, You know, any direction that you would have for a younger person, a younger investor, or maybe that's even investing in themselves and developing skills themselves. So what are your thoughts?   Speaker 4 (00:33:33) - They're all investors. Young, old, whatever should invest only in what they themselves know a lot about. If you want to be successful, don't listen to somebody on the TV or in the magazine or even on the Internet.   Speaker 4 (00:33:48) - You know your program. They should invest only in what they know about you. Listen to somebody and she said, Buy X and you buy x and x goes up. You don't know what to do because you don't know why you bought it. Right? X goes down, you don't know what to do because you don't know why you bought it. So if you want to be successful, just stay with what you yourself know a lot about. You might say that's boring. Be boring If you want to be successful, be boring. You know, invest in what you know. And I cannot tell you how important that is for all investors, young or old.   Speaker 1 (00:34:31) - Yeah, well, to sum it up on rates, Jim Rogers said that governments have debt, therefore governments will keep printing. So then governments will raise rates to keep inflation in check. Remember, just last year, a lot of people didn't think that Powell would have the guts to raise rates so high. Well, he sure did. Who else did I ask about how high interest rates will go? Will, I asked you on our get Recession Instagram poll, the majority of you think.   Speaker 1 (00:35:01) - That the Fed rate will exceed 6%. And again, it's about 5% now. All right. Well, then with mortgage rates around six and three quarters now, perhaps they'd go up to about 8%. But of course, mortgage rates don't track the Fed rate in lockstep. They more closely follow the yield on the ten year note. Now, this is really interesting for real estate investors when inflation is low. So interest rates, well, in those environments, real estate people seem to love that. But you know what? Those two things pretty much cancel out. Well, since we're big borrowers as real estate investors, you get less benefit from low inflation and more benefit from low interest rates, just like high inflation and high interest rates cancel out because now you've got your debt being debase faster and a greater interest expense to pay. So really it's a wash either way. If for some reason real estate investors seem to be more concerned about high interest than they are thinking about the benefits of the high inflation and in fact, real estate investors, hey, we can totally have our cake and eat it too, because when inflation goes high, well, you can stay fixed on your low interest rates.   Speaker 1 (00:36:16) - And then when inflation and rates go low, you can refinance. So savvy real estate investors then in fact benefit from the inflation and interest rate dance. This kind of tango that they do where they stay together. If you enjoy the show here each week, do you mind doing something as a give back that takes less than two minutes of your time? Leave a podcast rating and review. The fastest way to do this is just perform a search. Either search how to leave in Apple Podcasts Review, or how to leave a Spotify podcast review. I'd be grateful that helps others find the show. And we've got a bunch of terrific episodes coming up for you here on Gray, providing you with free content and reliably showing up for you every week. I would greatly appreciate your podcast rating in review. Again, it's easiest to simply search how to leave an Apple Podcasts Review or how to leave a Spotify podcast review until next week. I'm your host, Keith Weintraub. Don't quit, dude. Adrian.   Speaker 5 (00:37:24) - Nothing on this show should be considered specific, personal or professional advice.   Speaker 5 (00:37:28) - Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of Get Rich Education LLC exclusively.   Speaker 1 (00:37:52) - The preceding program was brought to you by your home for wealth building Get rich education.com.

Shownotes and Transcript... George Soros is one, if not the most, dangerous person in the world. This may sound like an overstatement but our guest today will explain why.  Richard Poe is a bestselling author and respected journalist, sixteen years ago he co wrote the most comprehensive analysis of the web that Soros has spun worldwide.  Detailing the connections, control, influence and how the monster we see today was created by the British and nurtured by the Americans.  This will shine a light on one of the most secretive and powerful individuals and show how ignorance has allowed his ascent. Richard Poe is a New York Times-bestselling author and award-winning journalist. He has written widely on business, science, history and politics. His books include The Shadow Party, co-written with David Horowitz; The Einstein Factor, co-written with Win Wenger; Perfect Fear: Four Tales of Terror; Black Spark, White Fire; the WAVE series of network marketing books; and many more. Richard was formerly editor of David Horowitz's FrontPageMag, contributing editor of NewsMax, senior editor of SUCCESS magazine, reporter for the New York Post, and managing editor of the East Village Eye. Connect with Richard... WEBSITE:     https://www.richardpoe.com/ TWITTER:     https://twitter.com/RealRichardPoe?s=20 SUBSTACK:  https://richardpoe.substack.com/ 'The Shadow Party: How George Soros, Hillary Clinton, and Sixties Radicals Seized Control of the Democratic Party' Available in print, e-book or audio book from Amazon  https://www.amazon.co.uk/Shadow-Party-Hillary-Radicals-Democratic/dp/1595551034/ref=tmm_pap_swatch_0?_encoding=UTF8&sr=1-1 Interview recorded 21.6.23 *Special thanks to Bosch Fawstin for recording our intro/outro on this podcast. Check out his art https://theboschfawstinstore.blogspot.com/ and follow him on GETTR https://gettr.com/user/BoschFawstin and Twitter https://twitter.com/TheBoschFawstin?s=20  To sign up for our weekly email, find our social media, podcasts, video, livestreaming platforms and more...  https://heartsofoak.org/connect/ Please subscribe, like and share!   Subscribe now Transcript (Hearts of Oak) Hello, Hearts of Oak, and welcome to another interview coming up with Richard Poe. He has co-written a book with David Horowitz. This was back in 2006, but still as relevant today. And that is The Shadow Party, how George Soros, Hilary Clinton and 60s radicals seize control of the Democratic Party. George Soros is a huge figure, and this is the first book that actually delves into his life and how he's been involved in color revolutions, coups all around the world. His life story, moving to the States, his involvement with the left. So much packed in. I know you will really enjoy listening to Richard unpacking delve deep into the life of George Soros. Thankful to have you with us today. Thank you so much for your time. (Richard Poe) Thank you, Peter. Great to be here. Good to be. And we are going to discuss your book. We're also going to discuss some articles, but just for the viewers. Richard Poe's probably 10, 11 different books and here are a number of them that we are going to look, Hilary's Secret War, but we're actually going to look today at The Shadow Party, How George Soros, Hilary Clinton and 60s Radicals Seized Control of the Democratic Party and you wrote that along with David Horowitz, who we've had the privilege of having on before. And now you're a bestselling author, a journalist, investigative reporter, and people can find at Richard Poe, @RealRichardPoe on Twitter and RichardPoe.com. And of course, Substack is there as well @RichardPoe. And I, Richard, I've actually found your your kayak video strangely entertaining, off-topic. I've enjoyed watching them. You must be a kayaker yourself.  No, I'm not. No, I am not. I just, I was intrigued. It was a whole, something completely different. So I enjoyed watching your documentary on it. Well, there is something fascinating about the kayak role. And it took me many years before I finally committed myself to learning it after, but I always used to just be mesmerized to watch people do that, whether on videos or in person, there's something magical about it. And once you actually learn it, it doesn't feel any less magical. It's, you know, of course, it's just like anything else. You learn the moves, you learn how to do it, But there's magic in it. It's something that just feels so wonderful. And I just had to make a film. A short film, five minutes, just trying to convey to people as best I could what this feels like, what it's really like to capsize in a small boat where you're jammed into a cockpit, you know, by your waist, hang upside down in the water, and then turn yourself right side up. You know it's, in a small way, I guess it's like jumping out of a plane with no parachute, and then somehow lifting yourself back onto the plane. Maybe that's too dramatic, but, that's how I like to think of it.  It's fun watching, of course, it's on your website, people can people can see it and there I mean just in The Shadow Party going to source there's so much to cover we'll we'll not do one of your marathon sessions that you do with Noor Bin Laden, those are all available for the viewers to watch you've just started doing them in video I know and that's all on substack but probably the book it's been out 2006 it came out. What led you to write it because now this is part of the conversation, the whole thing with, money, with control, with Soros. What led you to actually putting pen to paper on the book? Well I had researched Soros for many years. I first wrote about him in 1993, in my very first published book. It was called How to Profit from the Coming Russian Boom, and I had some expertise in Russia and I had been there as a business writer for Success Magazine. I had gone there a number of times in the early 90s to, cover the fall of communism and Soros was there, you know, he was part of the party, a big part of it. And at that time, I wrote very positively about Mr. Soros because I felt he was one of us, whoever us are, you know, us Westerners who are... And at that time, I believed very much in the Cold War narrative that we of the West represented freedom and democracy and all those good things. And we had to overcome communism. Communism was the great dragon. And, so Soros, I felt, was just one more person helping us to dismantle the Soviet Empire and teach the Russians how to become capitalists, quote-unquote, and become like us. It all seemed like a very noble enterprise at the time, and I wrote very positively about Mr. Soros and everything he was doing in Russia. I wasn't unaware that there was a dark side to Soros and some of his activities, but well, let's just say I wrote positively about him. And my book was quite influential. It was praised by the London Financial Times as being the first book to explain the privatization process in Russia, which was done by means of a voucher system. The government issued vouchers to every Russian citizen, every Soviet citizen, which were worth 10,000, how did it work? Each one was worth, you could be traded for 10,000 rubles, I think, 10,000 rubles worth of shares in any of the state-owned companies that were being auctioned off. And what happened, of course, is that this happened after my book came out. No one had a clue that this was going to happen. Soros and his cronies, they convinced Yeltsin to do shock therapy, as they call it, to basically de-control all prices and currency values, all at the same time, which led to immediate hyperinflation at catastrophic levels. And so these vouchers became worthless overnight and all the Westerners bought them up, and used them to acquire eventually the crown jewels of the Soviet economy. So this was one of the things that actually led, this is back in the early 90s, but it led to a lot of the ill feeling, between the Russians and the West, which we're now dealing with today, because at that time, the Russians were really.... There was an innocence about them. They were really so grateful in many ways. They wanted this kind of help from Westerners, and especially Americans. They trusted us in a very special way, in a way that they didn't trust other Westerners. And unfortunately, thanks to Mr. Soros and Jeffrey Sachs, who was working with him on this project, and a lot of people at Harvard University, almost instantaneously with the image of America as friend and savior was destroyed and we were perceived as a gang of thieves who were coming to strip the country of all its wealth. And I don't think that perception has ever left. So I was aware of that as it was happening, but as I said, that happened after my book was published. So my book was totally positive about Soros, but... Please tell me if I'm going to too many details about this, but to me it's a very interesting story because, see, Soros himself had declined my request to be interviewed for the book, but he did kindly allow me to interview some of his people, and I had some expectation that maybe, you know, Soros would like the book, it might lead to some further talks, interviews, whatever. But instead what happened is, I think it was only two years after my book came out, a very similar book came out. And this happens a lot in publishing, by the way. If they, the aesthetic of a certain book, they actually replace it with a similar book. So my book was called How to Profit from the Coming Russian Boom. This other book comes out a couple years later, I think it was from the Free Press. And it was called The Coming Russian Boom. They basically took a fragment of my title and made this other book, which also looked kind of similar, the cover design. And on the back of this replacement book, this book that was meant to replace mine, was a big plug by George Soros himself saying, if you want to read a book by real Russia insiders who really know what's going on, read this book. And just to make it clear, a known Soros operative wrote a review saying, Richard Poe's book is now totally out of date. You should now read this new book, which has an almost identical title to his and a similar colour design and which was published only two years later. So you ask, how did I first come across Mr. Soros? Well, it was that. Was I particularly upset? No, not really. I was on to other things, you know, writing other books. I just thought, Well, that's a little curious. But I think the reason they did that, I think the reason my book was disliked is one for the very reason that the Financial Times had said, because I had given such a clear, explanation of the privatization process and how it worked, and then shortly thereafter Soros and his cronies had completely corrupted the privatization process. So I think that was one thing that I did bad. And another thing I did, was I told the truth about the corruption in the Moscow city government, and I was clued in by certain people in Russia that Mayor Lushkov, who I had accused by name, was very disturbed with me, and that sales of my book in Moscow, particularly in the crucial airport bookstores where foreigners would be likely to buy it had been banned. And so, this was my very first book. You know, it got a star for excellence from Publishers Weekly, got reviewed in all the right places but obviously Mr. Soros didn't like it. He endorsed this competing book which appears to have been manufactured for the express purpose of outdating mine. So anyway, I don't mean to go into all that except just to emphasize that me and Mr. Soros go back quite a ways. I first ran across him, one might say ran afoul of him in Russia in the early 90s, as did so many people. And so then much later in 2004, I got a phone call from Chris Ruddy, the founder and editor of Newsmax. I was one of the original columnists at Newsmax. It was started in 1998, I believe, and I started in 1999. And Chris called me up. He says, look, we wanna do a big expose about George Soros and put it on the cover of Newsmax magazine. Would you like to write it? I said, sure, let's do it. And so, that led to my next encounter indirectly with Soros. I never actually have met him or communicated with him in person or directly, but it seemed every time I ran across him, something ill-omened occurred, you know, it was strange. So, I wrote this article, which seemed a perfectly legitimate exercise of free speech in the home of the free and the brave, the United States of America as working journalists. Why shouldn't we write an expose of George Soros? After all, he was coming out very publicly, speaking out on political matters, saying he was going to donate $25 million to oust President Bush from office. And that's why Newsmax wanted to write about him, all seemingly fair game, you know, and the type of thing one would normally write about. Well, so I wrote, what I wrote about was the same subject I'm writing about now, all these years later, that what Soros was actually doing, and what he was boasting that he was going to do was to go outside of the normal bounds of political electioneering in the United States. And he said, what I have done in other countries, I am now going to do in the United States. And he said, actually, he was going to do a regime change, quote unquote, to remove President Bush. So I was familiar at that point in large part because I had some experience in Russia, in Eastern Europe. I knew what a colour revolution was. Most people didn't at that time. I knew that Soros was involved in these things, and I knew he had helped overthrow a number of governments, not only in Eastern Europe, but all over the world. People think he just does this in Eastern Europe. He's done it in Africa, Asia, everywhere. But, um...When I heard Soros saying these things, I knew exactly what he meant, and I felt I need to explain this to the American people. And so my article was called George Soros' Coup, and it basically explained this guy does color revolutions, and he seems to be implying that he's going to do that here in the United States. Well, it didn't quite happen in the election of 2004, although there were some strange goings-ons from the Democrat side. But for our story right now, what is interesting is that my Newsmax cover story was a big success. I was immediately called to appear on The O'Reilly Factor with Bill O'Reilly. And I did a seven-minute spot on The O'Reilly Factor. The very next day, a completely new outfit, called Media Matters for America, which George Soros had helped to found. It was it was something he and Hilary Clinton and John Podesta and a few others had been totally involved with from the ground floor. So, they attacked me, in a way I'd never been attacked. I mean, there must have been three, four different articles all all about little old me, and basically saying that I was a liar, that I got all my facts wrong. You know, saying exactly the things that if they were true, would completely disqualify me to work as a journalist ever again. They were in fact defamatory. And... Well, can I just step back a little bit just to continue now, but colour revolution, it's something you have mentioned as a phrase, and I know there's a great article, we might get into the British aspect of it, but How the British Invented Colour Revolutions, you wrote back May 2021, and that's available on your substack, but that term colour revolutions probably will not mean anything to many people. It's still a term which isn't widespreadly used. Do you want to just touch on that to let the viewers know what you mean by a color revolution? Sure. A color revolution is basically, it's just a term that's used to describe what is basically a fake revolution. When foreign intelligence services go into a country and create a fake revolution which is meant to look like a people's uprising, a spontaneous uprising of the people, but is actually a foreign-sponsored coup, hiding behind the facade of a people's uprising. And just to give an example, not to get into my recent articles, but I recently discovered and have argued in some recent articles that the French Revolution and the Russian Revolutions were, in fact, color revolutions. It is my contention that the British Secret Services were behind both. But that's just to give an example where a revolution that most of us until now, until recently, have assumed, entailed some kind of spontaneous uprising by an aggrieved population. Yes, to some extent they were, but this, whatever discontent among the people may have manipulated by foreign intelligence services, making it a fake revolution, making it a foreign-sponsored coup, and this type of revolution has been nicknamed in recent years a color revolution. It's called that because often these revolutions use team colours to identify themselves. That for example, there was a so-called orange revolution in the Ukraine in 2004. And if you look at pictures on Google, you'll see crowds in a sea of orange banners, orange everything. And interestingly, even going back to the French and the Russian revolutions, They too had their team colors, team symbols. The French, of course, had their tricolour badges and their so-called Phrygian caps that they wore. Which were red with the tricolour badge on it. In the Bolshevik Revolution, of course, the colour was red again, red for socialism, red for communism. And they also wore a distinctive cap called the Scythian cap, which looks strangely like the Phrygian cap that the French had worn, but whatever. So even in such details as the use of these kind of evocative coloured symbols, and they weren't always colours. Sometimes they were flowers or other kinds of symbols. But they're called colour revolutions for that reason, because somebody decided to name them that. Originally, the first one that came to wide public attention was the so-called Velvet Revolution in Czechoslovakia, during the fall of communism. And that too was, George Soros was heavily involved in that, as were many Western governments and intelligence agencies and so forth. And that was called the Velvet Revolution. It still is to this day. And that term Velvet Revolution actually caught on in Eastern Europe for quite a bit. Often these revolutions were called Velvet Revolutions, but somewhere along the line, they started calling them Colour Revolutions and that stuck. So I now use the term, it's not my favourite term, but that's what it means. A fake revolution generally orchestrated by a foreign intelligence agency or agencies, to masquerade as a popular uprising. And so George Soros has been involved in these, for many decades, funding them, being a public apologist for them, going before the press just to justify them and basically act as a propaganda voice to explain why it was necessary to do these. And the propaganda is very necessary because generally what happens in these so-called colour revolutions is that an election occurs, somebody wins, and that somebody is not the person whom the Western powers wanted to win. And so then they create an uprising saying the election was stolen, it was all fake, it doesn't match the exit polls, so let's bring all the people out into the street, often with quite a good deal of real violence. These things are often called bloodless coups, but I think they are rarely bloodless, and often they involve pretty significant violence. Certainly in 2000, when they overthrew Milosevic in Yugoslavia, there was very significant violence. They set fire to the parliament building. They had armed paramilitaries blocking all the roads around Belgrade, armed with military weapons. And... So, although they're considered bloodless, stereotypically, they're usually not. Any more than the Russian or French revolutions were. So, that's what it is. It seems like an exotic idea, but it's really not. Governments have been doing this for ages, but the British, in particular, I've learned in the last few years, have been doing this for centuries and really excel at it. It's often assumed that Americans are the ones who invented this and who are the best at doing it, but it's not true. Whatever we know, we learned from the Brits.  Let's go on Soros, because Soros, he obviously ended up in London as a refugee, then went to LSE, London School of Economics, went to the U.S. and it seemed to be that his desire was to to make money and return and something kind of happened on the way to the point where I think the midterms, I read somewhere what was a figure was a hundred and twenty eight million dollars I read and that made him the largest single donor in the midterms just past that election cycle and kind of something happened along the way for him just wanting to make money to actually being part of a mass funding campaign off the left?  Well I gave my theory on this very subject in a recent article called How the British Invented George Soros and basically the answer to your question, I think, is that Soros is not his own man. It is my contention that he was recruited as an asset of the British government, the British Foreign Office, and possibly of British intelligence agencies. The fact is that he has been from the beginning involved in activities such as regime change. In foreign countries, activities which, frankly, he would not be allowed to take part in unless, he were under the supervision of some intelligence agency or another. And it's often assumed that he works with the CIA and that he is a CIA asset, and that's generally the default position that most people take. But I believe that he is a British asset, and I made what I think is a pretty strong argument for it in my article. He came to England as a refugee from a communist Hungary when he was 17 years old. He lived in England for 9 or 10 years, during which he graduated from the London School of Economics. He started work in the city of London, learned the arbitrage trade. And during that time, it appears he was selected by a group of very powerful men who include some of the most famous names in global finance. And he was sent, I believe, to the United States to basically act as an agent for this group, this cabal, if you will, of British financiers. And one Lord William Rees-Mogg, who happens to be the father of Jacob Rees-Mogg, I have named him the man who created George Soros because he almost single-handedly created the legend or the myth of Soros as one, the greatest financial genius in the world, and two, as quote-unquote the man who broke the Bank of England. These myths, and I think both are myths, actually. Both of these myths were created and promoted by Lord Rees-Mogg and his colleagues at the Times of London. Rees-Mogg was the editor of the Times for I think 15 years and then he became a vice president of the BBC. But perhaps more importantly, he has a very unique position, or he had, he died in 2012, I call him a gateway or a bridge between worlds, because he was a man who was a very close personal friend of the British royal family, and he was also a very close personal friend of Lord Jacob Rothschild. And he was a bridge between the British aristocracy, you know, the British blue blood society, if you will, and the grubby world of City of London investment, where one had to rub shoulders with such characters as Hungarian refugees, such as George Soros. And Rees Mogg had that job. He moved between those worlds and he was a bridge between those worlds. And it's a little known fact that Soros' quantum fund, Soros actually leaked in one of his books, it was an authorized, and I think Soros actually commissioned this book, it was called George Soros, Messianic Billionaire, something like that by a guy named Kaufman. And in that book is a leak that the Queen of England, Queen Elizabeth II, was one of the investors in the Quantum Fund. Now, there's a great deal of secrecy, as you know, regarding investments by the royal family, this information is closely guarded, but quite often they leak information about where they're investing, such as famously in the mining company Rio Tinto. There were a number of quasi-official leaks about royal investments in that company. And I think they do this in order to pump the stock. I mean, I think when these leaks occur, it's because they're trying to pump the stock. And there was such a leak regarding Soros' quantum fund. So I think, and it appears to me that Soros was really an artificially created person. I don't believe at all that he was was the greatest genius in the financial world. I think he was built up into that by Lord Rees-Mogg. And for example, his greatest act of genius supposedly was breaking the Bank of England. Where in 1992, he supposedly shorted the Bank of England to such an extent that Britain was forced to devalue its currency by 20% And it was a huge catastrophe. But in reality. That story, actually, the story that Soros did it, comes from Soros himself. And it can't be proven because his operations are in the Netherlands Antilles, which is a secrecy jurisdiction, a banking haven. And there is no way to prove what he actually did in that operation. But it's come out that there were many, many players, including some of the biggest banks, biggest pension funds, biggest financial institutions in the world who were taking part in that run on the pound. And Soros was allowed by Rees-Mogg and his colleagues at the Times to take credit for it. And they actually named him in a big banner headline, the man who broke the Bank of England. But he was just one among many and by far not the largest. So, why did Rees-Mogg do this? Well, he quickly demonstrated that because Rees-Mogg's next move was then to write a series of articles explaining to the British people why Soros was a hero and that his devaluation of the pound had saved Britain from having to honour its commitment to enter the Eurozone because by devaluing the pound by 20%, Britain was no longer qualified to enter the European exchange rate mechanism and was no longer qualified to become part of the Eurozone, and that's why it still isn't to this day. And so Rees-Mogg just sang the praises of Soros, called him a hero. He said there should be a statue erected in front of the treasury of him and things like that. And other British journalists have said similar things, that he should get a knighthood and so forth and so on. So that's why I say it was all a myth. Soros himself didn't actually do it single-handedly. And moreover, far from being an attack on the British establishment, It appears to have been a British economic warfare operation which the British establishment deliberately inflicted on its own central bank for political purposes, and for which Soros was assigned to take the blame or to take the credit. So once he had done that operation, then he was very famous. He had become a celebrity overnight. The Times was doing everything it could to convince people he was a wonderful guy. And they immediately started saying what a genius and a financial prophet he was. And Rees-Mogg started saying, oh my goodness, Soros is buying gold. Let's pay attention to what he's doing because if he's buying gold, maybe we should buy gold too. So what happened was, I think this was in 1993, Soros's next assignment for this group around Rees-Mogg and Jacob Rothschild. His next assignment was to buy a large number of shares of Newmont Mining Corporation, I think was and is the largest gold mining operation in North America, and he bought them from Jacob Rothschild and Sir James Goldsmith. And so Rees-Mogg, was telling everyone from the Times, look, Soros is buying gold, but some people noticed, well, yes, but Rothschild and Goldsmith are dumping it. So what does that mean? Despite these ambiguities and puzzlements, they did succeed in hyping the price of gold. The price of gold skyrocketed. Rothschild and Goldsmith made a killing, as I think did some of their other associates in the St. James Capital Group, of which Rees-Mogg was an officer at the time. And strangely Soros himself supposedly lost money on that deal, which is very interesting because although his myth touts him as a lone wolf who only looks out for number one for himself. It really looks like he took one for the team in the great gold scam, as I call it, this gold hyping scam. It appears to have been done for the specific purpose of allowing Jacob Rothschild and Sir James Goldsmith to realize a profit on their previous purchases of Newmont Mining, which had been performing sluggishly. And so this operation appears to have been done for no other reason than to allow these two men, to make some money. And Soros took a hit on that one. He took a hit for the team. He was a team player. So based on these kinds of things, I mean it goes on and on. You could say it's kind of circumstantial evidence, but it's pretty clear that from the beginning, Soros, whatever his gifts and abilities may have been, I'm sure he's very smart, I'm sure he was selected because he was deemed to be a talented person and all that, but he certainly is not the greatest financial genius in the world, that's not how he made his money. He made his money by being adopted by this very powerful group in the city of London and serving them, being a good servant and being the public face of them and their operations. And so he went to America and the rest is history. But now today, he's presumably still alive, despite recent reports of his death, I mean, who knows anymore who's alive and dead. So true. But he has passed it over, we're told, to one of his sons. Do you think it's the end then of that era? Do you think the damage is already done? Do you think it's being passed over just to keep the financial side and it's not the political engagement? What are your thoughts as you kind of see that transfer? Well, I don't imagine that with all the investment which I will say which the British have done in building up the Open Society Institute, I can't imagine they'll simply abandon it. Obviously, it's not going to be the same without George Soros there. Alex Soros, I presume, is nothing more than a figurehead. The man who runs the Open Society Institute is its president, and he's a guy named Lord Mark Malloch Brown, a name with which you may be familiar. Malloch Brown has a similar career trajectory to Soros. He has been involved for decades in regime change operations in foreign countries, in rigging elections in places like the Philippines, and other such targets. And then in 2015, He had just, there was a British takeover of this company called Smartmatic, and by the way, Smartmatic is going around suing people for billions of dollars, so if you want me to shut up right now, I will. I won't say another word.  Feel free to give us your opinion, Richard. Well, whatever else one may or may not say about Smartmatic, what they did was sell voting, a voting system. And so in 2015, the same Lord Mark Malloch Brown, who had notoriously been doing regime change operations all over the world, obviously connected with intelligence. He was a high-level UN official under Kofi Annan. I mean, this guy was obviously, you know, had some role in the intelligence community, I would say. I would say it's obvious. But now he's running the Open Society Institute, but he was given that position right after the US election in 2020. And some people said that was his reward. I'm not gonna comment about that. But his Smartmatic machines and software became very controversial. And in 2015, he was openly trying to market his Smartmatic system to the United States. In the States, it's the state governments which purchase, you know, they each has its own policy for voting systems. So he was trying to sell these to state governments and people often say, well, he never succeeded. I mean, they have a few Smartmatic machines in LA, supposedly, and not nowhere else. All I can tell you is. And this I believe is the very subject of this multi-billion dollar lawsuit that's going on, but there were people in high places who seemed to be in the know, who were close to the Trump campaign. I believe Rudy Giuliani was one, Sidney Powell, others who were basically saying that the Smartmatic software was actually being used by other companies to run other voting machines and that in fact the Smartmatic software was the evil potion that enabled them to do all these alleged alterations of the vote. So, is any of that true? Well, I don't know. I can't prove it. And, you know, anybody who opened their mouth in public and spoke of it is now being sued. You know, defamation law is a very good thing. People should be allowed to sue for defamation. I do think it's very odd to have foreign companies providing voting software to the United States of America and then being able to sue people into silence who legitimately raise questions about the integrity of those systems. I find that very strange and disturbing. But that's what's going on. You know, back in 2000, I remember very well, there was a dispute, started by, you know, Gore. Gore challenged the election result, famously, and for weeks and weeks and weeks, the world watched in astonishment and horror as the United States seemingly descended into a third world country unable to count its own votes. But no one at that time ever suggested that people should not be allowed to have an opinion or to speak? About whether they thought that Bush or Gore had won. That would have been unthinkable. Suddenly that's the case. Suddenly that's the situation we're in. But anyway, whatever that means. So this Lord Mark Malloch Brown was right in the middle of that, right in the middle of that storm, right in the eye of the storm. And let me just remind you that he was a long-time friend and collaborator of George Soros. In fact he lived next door to Soros in a house provided by Soros in upstate New York when Malloch Brown was working as a UN official. He was some sort of aid to Kofi Annan and he was basically put up by Soros. And they're very good friends. And they've collaborated on many regime change operations throughout the world, which is not the sort of thing every normal person gets involved in. But these two, for them, that's a big part of their lives and has been for decades. So strangely, you know, this same Malloch Brown ends up as the CEO of Smartmatic. And then as soon as that operation is finished, he's appointed by Soros to be the president of the Open Society Institute. And now he's disappeared from sight. And everyone's pointing to Alex Soros saying, Alex Soros is now going to take over for George Soros, and that's fine, but I've got my eye on Malloch Brown. I mean, I doubt very much whether Alex Soros is actually running it. In fact, I remember some years ago, Soros actually tried to pass on the baton to, at that time, I think all his sons, If I remember correctly, he was trying to... He was trying to turn over Soros Fund Management, which is his investment arm, to his sons, and then he all of a sudden reneged and took it back. And people said, I thought you were going to give this to your sons, why did you take it back? And Soros, here's an interesting father figure for you. He said, well, I discovered that my sons didn't have the talent to run it. And the interviewer said, what sort of talent do you mean? He said the talent for making money. Wow.  So without going into all the Freudian or psychoanalytic aspects of it, I mean, whatever else one can say about Mr. Soros' sons, I can't imagine they're big fans of their father. Can I just finish off on the book. In 2010, Glenn Beck did a series, Puppetmaster, that was based on the shadow party on your book. I know he was cancelled soon after on Fox. I don't know whether it was linked to that, but this was probably the first book to expose sources funding off of color revolutions which we've discussed. It's not something that people are supposed to discuss and then you produce this book by a large publisher which I always find intriguing. Maybe it would be different if you redid it today but that with Glenn Beck putting that in and bringing it with Glenn Beck's reach on Fox and then getting cancelled this obviously is something that you're not supposed to discuss. Yes, at that time, it was an extremely sensitive subject. I did not realize how sensitive it was until after I put my foot into the punji steak, so to speak. But I knew I was pushing it, and that's part of the reason why I invited my then employer, David Horowitz. I actually invited him to co-write the book with me, hoping that his name would not only help promote the book, and make people take it seriously, but I thought maybe it might afford some protection for me. And I think it did all of those things to some extent. I think it would have been much worse for me if I had tried to write the book myself, I think it was a wise thing to do. But nonetheless, I was punished quite severely by the powers that be for daring to write about that, because these color revolutions, these are intelligence operations, and especially at that time when people were not writing about it, when to write about such things and to do it with a co-author of the stature of David Horowitz, and then to appear on Glenn Beck reaching you know an audience of millions, a national audience on Fox News. If you're in the national security establishment, if you're somebody who's involved with these operations and you're trying to project a certain image of their innocence and spontaneity and then someone comes along and puts out a narrative that says, oh actually this guy George Soros is pulling the strings behind these things. Well, you know, we can see now how sensitive, a lot of these intelligence people are to anyone tampering with their narrative, you know, with all the recent hysteria over misinformation and disinformation. And so forth. Well, they didn't used to speak so publicly about it, still pretending, that they weren't involved in media, that is, the intelligence community. Now they've dropped that pretence. Back then, we still were allowed to have this illusion that we are a free press, and we can say what we want and all that, but clearly I was interfering with a very important intelligence narrative. And I was doing so almost uniquely, and certainly the size of the platform that I had accessed was, and getting on national TV and all the rest, it was a challenge to the, It was a challenge to the national security establishment, whatever you want to call them, to the security forces, if you will. It was a direct challenge to them, and I was a small target, nobody else was writing about this. So it was a simple matter to silence me. And I want to say, you know, we talk a lot today about cancellation, and you know, people being cancelled and un-personed. And it's important to understand, you know, nowadays we see Tucker publicly thrown out of Fox News and we think that's what it means to be cancelled or Matt Taibi kicked out of The Intercept. And so we have this illusion that to be cancelled means that you're publicly punished for doing something good and thrown out and then everyone rallies to your rescue and you're even bigger and better than before. And supposedly that's what it means to be cancelled. But those are not real cancellations. The way cancellation is really done, and the way it's been done traditionally, and the way it's done usually, especially in free societies like ours, is very quietly, behind the scenes, very insidiously, so that nobody even knows it happened. And that's all I'm going to say about that.  Well, that's perfect end. And let's again just leave the viewers the shadow party, how George Soros, Hillary Clinton, and 60s radicals seized control of the Democrat Party. It's available. I listened to it. You can get his hardback, paperback. It is a huge subject that is relevant today, if not more relevant than it was in 2006 when you wrote it. Richard, I appreciate your time. Thank you so much for coming along, sharing your thoughts on the book. Thank you.  Thank you, Peter.

This episode is sponsored by Kalshi.Inc Jim Rogers co-founded the Quantum Fund, a global-investment partnership. During the next 10 years, the portfolio gained 4200%, while the S&P rose less than 50%. Rogers then decided to retire – at age 37.  Continuing to manage his own portfolio, Rogers kept busy serving as a full professor of finance at the Columbia University Graduate School of Business. In 1990-1992, Rogers fulfilled his lifelong dream: motorcycling 100,000 miles across six continents, a feat that landed him in the Guinness Book of World Records. He chronicled his one-of-a-kind journey in Investment Biker: On the Road with Jim Rogers. He has also authored several other books: Adventure Capitalist,  Hot Commodities,  A Bull in China, A Gift to My Children and Street Smarts. Jim attended Yale and Oxford University. In this podcast we discuss the banking risks, which currency can rival the dollar, the impact of AI, and much more.    Follow us here for more amazing insights: https://macrohive.com/home-prime/ https://twitter.com/Macro_Hive https://www.linkedin.com/company/macro-hive

In the wake of Silicon Valley Bank's collapse last week, Onward host and Fundrise CEO Ben Miller sits down for an interview with the economist and trader Rob Johnson, one of the most experienced investors in the world at the fault line of government and finance. Having served as a Managing Director of the Quantum Fund, Chief Economist of the U.S. Senate Banking Committee, and currently as president of the Institute for New Economic Thinking, Rob has worked closely with policymakers across the entire political spectrum. Ben and Rob use the 1992 breaking of the British pound as a historical reference point and centerpiece for the orbit of their discussion. That event formed out of a collision of geopolitical forces, interest rate policy, and cross-institutional financial interactions, all with significant parallels to the world today. And, as Ben and Rob discuss, the pound's collapse had implications that went far beyond a single bank or country's ability to function — it ushered in a new era of the power and peril of global finance.  Have questions or feedback about this episode? Drop us a note at Onward@Fundrise.com. Onward is hosted by Ben Miller, co-founder and CEO of Fundrise, and Cardiff Garcia, co-founder of Bazaar Audio and host of the economics-focused podcast The New Bazaar (after spending many years as the co-creator and co-host of NPR's The Indicator podcast). Podcast production by The Podcast Consultant. Music by Seaplane Armada. About Fundrise With over 1 million users, Fundrise is America's largest direct-to-investor alternative asset investment platform. Since 2012, our mission has been to build a better financial system by empowering the individual. We make it easier and more efficient than ever for anyone to invest in institutional-quality private alternative assets — all at the touch of a button.   Please see the Fundrise Flagship Real Estate Fund website (http://fundriseintervalfund.com), Fundrise Income Fund website (http://fundriseincomerealestatefund.com), and Fundrise Innovation Fund website (http://fundrise.com/innovation) for more information on each fund, including each fund's prospectus.  For the publicly filed offering circulars of the Fundrise eREITs and eFunds, not all of which may be currently qualified by the SEC, please see fundrise.com/oc. Want to see the specific properties that make up and power Fundrise portfolios? Check out our active and past projects at www.fundrise.com/assets. 

Jonathan Johnson, from recruitment company, Auxato, got in touch and asked me to write a piece for him, explaining how it is I got from being stand-up comic and voice actor to a renowned (his words) longstanding, financial writer for Money Week. I thought readers would like it and he kindly gave me permission to republish it here. The questions are Jonathan's.Stand-up comedy – what life skills did it teach you?Stand-up comedy teaches you lots of things. How to stand on stage in front of a bunch of strangers. How to present yourself. How to entertain people. How to cope with pressure. How to deal with difficult situations and difficult people. How to think on your feet. Communication. Clarity.These are all really useful life skills that you might call upon in any number of other situations. Everyone should go and be a stand-up for a bit. But there is a lot more to being a stand-up than what you see on stage. Behind the scenes, every comic is running a small business. Every day you are trying to get gigs. You're sending out emails, making phone calls, posting on social media, all with the aim of pushing your brand, getting noticed and getting better work. You're running a diary. You're invoicing for the gigs you have done. You're chasing money from slow payers, while trying to extract money from the unsavoury promoters who are trying to wriggle out of paying you at all.You are travelling up and down the country four, five, sometimes seven nights a week to places you have probably only ever heard of, meeting all sorts of different people. As a result comics often know the country as well as anyone - all the while trying to keep costs down so that you can exit the gig at a profit. On top of all of that, but most fundamental of all, you have got to write an act that people find funny. You learn so many skills doing comedy. Even if you are not destined for stardom, which most of us aren't, the discipline still equips you for life. You just need to look at the many people who started out as comedians who have since gone on to achieve huge success in other fields, from Joe Rogan to Volodymyr Zelensky, to know there must be something in it.Yet, if you're a potential employer looking at someone's CV and you see the word comedian, I bet that makes you less likely, rather than more likely, to call them in for an interview.In fact, most comedians who decide they've done it for long enough and now want to try something else, find it near impossible to find employment because of the fact they have comedian on their CV. The only option for most is to set up another business. Please tell your friends on Twitter, Linked and Facebook about this really interesting article.What a random hotchpotch of a career you have. How did it happen?I'm now 53. The longest I've ever lasted in a “proper” job is three months. This was back in 1992, when I was 23. I used to get up every morning, get the tube into Leicester Square and then do 10am to 6.30pm in an office. I hated it. It was not that bad a job either, but I hated being stuck in an office all day with no fresh air and not owning my own time.That's not to say I'm not hard-working. I'm extremely hard-working. You just need to look at my output to see that. I would spend the next 15 years working occasionally as an actor, regularly as a voiceover (for some reason I always got more voiceover work than acting) and then, from 1997, as a comedian. All the while, I was trying to get stuff published - I wrote two novels and a million articles - but never with any success. I think I got one article in the Big Issue.But by 2006, I had made a bit of money, some in property (by accident) and some from voiceovers: I had been, at various points, the voice of such eminent products as First Direct, Nintendo 64 and the National Lottery. My dad had made a bit of money, too. Between us, we were trying to figure out how to turn our bit of money into a lot of money; because we were trying to raise five million quid to bring Kisses on a Postcard into the West End. From what I was reading at the time, commodities and gold, especially, seemed to be the place to invest, particularly with all the growth that was taking place in China. There were all sorts of people talking about it. But how to meet them and talk to them, without having to pay them? A podcast …What gave you the inspiration for the podcast interviews?I always knew I'd be a good presenter, even though I'd never actually done it. I was good at hosting comedy clubs and other such stuff. I approached a mining PR company called Commodity Watch and suggested we start a podcast. They didn't really understand what I was talking about, so I did it anyway and began interviewing all these various people I'd heard on the internet talking so wisely about stuff.My very first interview was with the billionaire, Jim Rogers, who had run the Quantum Fund with George Soros. My next two were with noted silver analyst, David Morgan, and the gold expert, James Turk. I quickly learnt that you could secure interviews with people “above your station” quite easily, if they have something to promote, such as a book. A lot of the time people are happy to help out, even if they don't have something to promote. To my surprise, there were far fewer walled gardens in the worlds of investment and commodities than in comedy and TV. People were much more open.Subscribe to The Flying Frisby.What brought about the job at Moneyweek?One of the people I interviewed was Merryn Somerset Webb who, at the time, was editor at Money Week. “We need people like you to come and write for us,” she said. “Come into the office next week and meet Toby, the MD.”So I did. Here I am, 17 years later and I am still writing the same weekly column, a column that has been popular and, in terms of longevity at least, successful. I've since published three books with a fourth on the way. I've written several documentaries, one of which was a huge internet sensation (even if I was never properly credited) and more besides. I think it's fair to say that partnership with Moneyweek has worked - for them and me. But if I had sent my CV in to Merryn, all she would have seen was stand-up comedian, voiceover artist, occasional actor, Johnny-come-lately podcast host and unpublished novelist. I don't think she would for a second have gone, “I need to get this bloke writing for us.” Pretty much any employer would have looked at my CV and passed it by.I now have this ridiculously random hotchpotch career that I can't begin to explain. I'm a financial writer, comedian, singer-songwriter, comedy music video maker, TV presenter and voiceover artist. A very nice chap who works in internet marketing and likes my output - but despairs at its lack of clarity - with whom I correspond frequently, put this graphic together to try and explain what I do.What can we learn from that episode with Merryn?Two things. One, I don't believe there is any substitute for face-to-face meetings. Meeting someone in the flesh inspires trust in a way that not a million emails can. (That, by the way, is, I think, why I never had stuff published. I just sent it in. I'm not even sure it got read. It's much easier to ignore a letter or an email than someone in person).Often it works in reverse too. You really admire someone online for whatever it is they've written or said, but then you meet them in person and realise this is not the type of person you should be listening too.Second, when you meet someone through the medium of an interview for a podcast, rather than just a meeting, it's like a heightened encounter. You get through so much more in an hour than you otherwise would. Get to know anyone who hosts a regular podcast and you will see they are total mavens. How many people do Joe Rogan, Konstantin Kisin or Steven Bartlett know as a result of their podcasts? How powerful are their networks? They are super connected - and trusted. Any introductions they make will carry weight.As it turns out, stand-up comedy was the ideal training ground for being a financial writer. In comedy, if the audience doesn't understand you, they don't laugh. If they don't laugh, you die. Thus does the comedian quickly learn the vital discipline of clarity. You also learn that you have to entertain people if you want to keep their attention.No such discipline exists in the world of financial journalism. Obfuscation is everywhere. It almost pays to be obfuscatory because then you can say, “Oh I didn't mean that, I meant this.” Some of the broadsheet journalists - guys who regularly win Finance Journalist of the Year or whatever - are as dull as ditch water and about as clear. Half the time, you have no idea what it is they are droning on about. I barely make it past the first paragraph.But do you know what? They probably got the job because their CV was right. Thank you for reading The Flying Frisby. Please like and share this post if you enjoyed it. .Other stuff:West Eng gig alert! This May, wearing my comedy hat, I'll be coming back to Crazy Coqs in Brasserie Zedel for another night of “curious comedy songs”. That's this May 7th. Please come if you're in town. They are super nights.AI and the FutureI recorded this 90-minute interview about AI the other day with Andy - super interesting - and it's now available to free subscribers:GoldInterested in protecting your wealth in these extraordinary times? Then be sure to own some gold bullion. My current recommended bullion dealer is The Pure Gold Company, whether you are taking delivery or storing online. Premiums are low, quality of service is high. You can deal with a human being. I have an affiliation deals with them.Here is some more info about Auxato: At Auxato, we don't just rely on your CV to get to know you. A key aspect of our approach to recruitment for our clients and candidates is the importance of building a long term relationship, learning about those skills that don't make it onto a CV. Want to experience a different recruitment way? Get in touch with us today and start your journey. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.theflyingfrisby.com/subscribe

Jonathan Johnson, from recruitment company, Auxato, got in touch and asked me to write a piece for him, explaining how it is I got from being stand-up comic and voice actor to a renowned (his words) longstanding, financial writer for Money Week. I thought readers would like it and he kindly gave me permission to republish it here. The questions are Jonathan's.Stand-up comedy – what life skills did it teach you?Stand-up comedy teaches you lots of things. How to stand on stage in front of a bunch of strangers. How to present yourself. How to entertain people. How to cope with pressure. How to deal with difficult situations and difficult people. How to think on your feet. Communication. Clarity.These are all really useful life skills that you might call upon in any number of other situations. Everyone should go and be a stand-up for a bit. But there is a lot more to being a stand-up than what you see on stage. Behind the scenes, every comic is running a small business. Every day you are trying to get gigs. You're sending out emails, making phone calls, posting on social media, all with the aim of pushing your brand, getting noticed and getting better work. You're running a diary. You're invoicing for the gigs you have done. You're chasing money from slow payers, while trying to extract money from the unsavoury promoters who are trying to wriggle out of paying you at all.You are travelling up and down the country four, five, sometimes seven nights a week to places you have probably only ever heard of, meeting all sorts of different people. As a result comics often know the country as well as anyone - all the while trying to keep costs down so that you can exit the gig at a profit. On top of all of that, but most fundamental of all, you have got to write an act that people find funny. You learn so many skills doing comedy. Even if you are not destined for stardom, which most of us aren't, the discipline still equips you for life. You just need to look at the many people who started out as comedians who have since gone on to achieve huge success in other fields, from Joe Rogan to Volodymyr Zelensky, to know there must be something in it.Yet, if you're a potential employer looking at someone's CV and you see the word comedian, I bet that makes you less likely, rather than more likely, to call them in for an interview.In fact, most comedians who decide they've done it for long enough and now want to try something else, find it near impossible to find employment because of the fact they have comedian on their CV. The only option for most is to set up another business. Please tell your friends on Twitter, Linked and Facebook about this really interesting article.What a random hotchpotch of a career you have. How did it happen?I'm now 53. The longest I've ever lasted in a “proper” job is three months. This was back in 1992, when I was 23. I used to get up every morning, get the tube into Leicester Square and then do 10am to 6.30pm in an office. I hated it. It was not that bad a job either, but I hated being stuck in an office all day with no fresh air and not owning my own time.That's not to say I'm not hard-working. I'm extremely hard-working. You just need to look at my output to see that. I would spend the next 15 years working occasionally as an actor, regularly as a voiceover (for some reason I always got more voiceover work than acting) and then, from 1997, as a comedian. All the while, I was trying to get stuff published - I wrote two novels and a million articles - but never with any success. I think I got one article in the Big Issue.But by 2006, I had made a bit of money, some in property (by accident) and some from voiceovers: I had been, at various points, the voice of such eminent products as First Direct, Nintendo 64 and the National Lottery. My dad had made a bit of money, too. Between us, we were trying to figure out how to turn our bit of money into a lot of money; because we were trying to raise five million quid to bring Kisses on a Postcard into the West End. From what I was reading at the time, commodities and gold, especially, seemed to be the place to invest, particularly with all the growth that was taking place in China. There were all sorts of people talking about it. But how to meet them and talk to them, without having to pay them? A podcast …What gave you the inspiration for the podcast interviews?I always knew I'd be a good presenter, even though I'd never actually done it. I was good at hosting comedy clubs and other such stuff. I approached a mining PR company called Commodity Watch and suggested we start a podcast. They didn't really understand what I was talking about, so I did it anyway and began interviewing all these various people I'd heard on the internet talking so wisely about stuff.My very first interview was with the billionaire, Jim Rogers, who had run the Quantum Fund with George Soros. My next two were with noted silver analyst, David Morgan, and the gold expert, James Turk. I quickly learnt that you could secure interviews with people “above your station” quite easily, if they have something to promote, such as a book. A lot of the time people are happy to help out, even if they don't have something to promote. To my surprise, there were far fewer walled gardens in the worlds of investment and commodities than in comedy and TV. People were much more open.Subscribe to The Flying Frisby.What brought about the job at Moneyweek?One of the people I interviewed was Merryn Somerset Webb who, at the time, was editor at Money Week. “We need people like you to come and write for us,” she said. “Come into the office next week and meet Toby, the MD.”So I did. Here I am, 17 years later and I am still writing the same weekly column, a column that has been popular and, in terms of longevity at least, successful. I've since published three books with a fourth on the way. I've written several documentaries, one of which was a huge internet sensation (even if I was never properly credited) and more besides. I think it's fair to say that partnership with Moneyweek has worked - for them and me. But if I had sent my CV in to Merryn, all she would have seen was stand-up comedian, voiceover artist, occasional actor, Johnny-come-lately podcast host and unpublished novelist. I don't think she would for a second have gone, “I need to get this bloke writing for us.” Pretty much any employer would have looked at my CV and passed it by.I now have this ridiculously random hotchpotch career that I can't begin to explain. I'm a financial writer, comedian, singer-songwriter, comedy music video maker, TV presenter and voiceover artist. A very nice chap who works in internet marketing and likes my output - but despairs at its lack of clarity - with whom I correspond frequently, put this graphic together to try and explain what I do.What can we learn from that episode with Merryn?Two things. One, I don't believe there is any substitute for face-to-face meetings. Meeting someone in the flesh inspires trust in a way that not a million emails can. (That, by the way, is, I think, why I never had stuff published. I just sent it in. I'm not even sure it got read. It's much easier to ignore a letter or an email than someone in person).Often it works in reverse too. You really admire someone online for whatever it is they've written or said, but then you meet them in person and realise this is not the type of person you should be listening too.Second, when you meet someone through the medium of an interview for a podcast, rather than just a meeting, it's like a heightened encounter. You get through so much more in an hour than you otherwise would. Get to know anyone who hosts a regular podcast and you will see they are total mavens. How many people do Joe Rogan, Konstantin Kisin or Steven Bartlett know as a result of their podcasts? How powerful are their networks? They are super connected - and trusted. Any introductions they make will carry weight.As it turns out, stand-up comedy was the ideal training ground for being a financial writer. In comedy, if the audience doesn't understand you, they don't laugh. If they don't laugh, you die. Thus does the comedian quickly learn the vital discipline of clarity. You also learn that you have to entertain people if you want to keep their attention.No such discipline exists in the world of financial journalism. Obfuscation is everywhere. It almost pays to be obfuscatory because then you can say, “Oh I didn't mean that, I meant this.” Some of the broadsheet journalists - guys who regularly win Finance Journalist of the Year or whatever - are as dull as ditch water and about as clear. Half the time, you have no idea what it is they are droning on about. I barely make it past the first paragraph.But do you know what? They probably got the job because their CV was right. Thank you for reading The Flying Frisby. Please like and share this post if you enjoyed it. .Other stuff:West Eng gig alert! This May, wearing my comedy hat, I'll be coming back to Crazy Coqs in Brasserie Zedel for another night of “curious comedy songs”. That's this May 7th. Please come if you're in town. They are super nights.AI and the FutureI recorded this 90-minute interview about AI the other day with Andy - super interesting - and it's now available to free subscribers:GoldInterested in protecting your wealth in these extraordinary times? Then be sure to own some gold bullion. My current recommended bullion dealer is The Pure Gold Company, whether you are taking delivery or storing online. Premiums are low, quality of service is high. You can deal with a human being. I have an affiliation deals with them.Here is some more info about Auxato: At Auxato, we don't just rely on your CV to get to know you. A key aspect of our approach to recruitment for our clients and candidates is the importance of building a long term relationship, learning about those skills that don't make it onto a CV. Want to experience a different recruitment way? Get in touch with us today and start your journey. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.theflyingfrisby.com/subscribe

Tom welcomes back Tony Greer from the Morning Navigator to discuss the current markets and his outlook for the year. Tony expects further inflation, particularly from energy with the green transition. Markets are chaotic at the moment, much of which has to do with the yield curve – currently steeper than during the Great Financial Crisis and the Dot Com Bubble. It is important to watch what rates and the dollar are doing to understand how aggressive one can be with one's trades. He explains the bond markets' impact on the rest of the financial markets, and the current inversion signalling of a recession ahead. He is bullish on oil and refineries, believing the downside on energy is limited and oil-related companies have good upside. Tony gives his thoughts on gold, natural gas and why we've had a pullback in price, and why he believes energy and natural resources will be the outperformers this year, while tech will move sideways or down. Technology had a huge rally over the past couple of years, so a correction was overdue. Timestamp References:0:00 - Introduction0:40 - The Setup for 20237:45 - Yield Curve Importance11:40 - Inflation & Commodities13:20 - Energy & Risks19:20 - WTI & Breakeven Price21:24 - Dollar Trends25:04 - Long Gold?29:06 - Natural Gas Trends34:25 - Carbon & Commodities37:20 - Nuclear & Public Opinion39:45 - Resource Companies43:18 - Rates & Tech Sector45:47 - CFTC & COT Reports48:46 - Events & Bigger Themes52:12 - Concluding Thoughts Talking Points From This Episode The yield curve is currently inverted steeper than during past financial crises which could be a signal for a coming recession.Tony is bullish on oil and refineries and believes gold is a good risk mitigating investment this year.Why energy and natural resources will probably outperform this year.Tech sector is likely to churn sideways. Guest Links:Substack: https://tgmacro.substack.com/Twitter: https://twitter.com/tgmacroWebsite: https://tgmacro.com/E-Mail: tony@tgmacro.com After graduating from Cornell University in 1990 Tony followed in his father's footsteps to a Wall Street trading operation. He quickly learned his career path would be vastly different. He says, "I would not be sitting in the same seat on the same trading desk managing the same risk for the same firm for over 30 years." We have clearly entered a new era in financial markets. He began in the treasury department of Sumitomo Bank on the 107th floor of the World Trade Center downtown Manhattan. Tony was an FX trading assistant while the Quantum Fund was breaking the Bank of England in 1992. In 1993 he joined Union Bank of Switzerland as an FX and commodities trader, spending half a year as a Vice President in their Zurich treasury department. Then returned to New York City early in 1995 to join J. Aron & Company, the privately held commodity trading arm of Goldman Sachs. He managed risk for the Goldman Sachs Commodities Index, in precious and base metals trading, and futures and options trading on the New York Mercantile Exchange. He started his first venture in 2000 – Machine Trading which happened right before the tech bubble burst. That decision was his first excruciating life lesson in market timing. It turned out to be an extremely valuable learning experience. He believes there is a massive opportunity with both the unprecedented situation in global markets and in the way financial news is consumed. In 2016, he started TG Macro, LLC.

This week we're excited to present a special throwback episode! Jim's conversation with legendary investor Jim Rogers is one you'll want to revisit - even if you've heard it before! Jim Rogers, a native of Demopolis, Alabama, is an author, financial commentator and successful international investor. He has been frequently featured in Time, The Washington Post, The New York Times, Barron's, Forbes, Fortune, The Wall Street Journal, The Financial Times, and most publications dealing with the economy or finance. He has also appeared as a regular commentator and columnist in various media and has been a visiting professor at Columbia University. After attending Yale and Oxford University, Jim Rogers co-founded the Quantum Fund, a global-investment partnership. During the next 10 years, the portfolio gained 4200%, while the S&P rose less than 50%. Rogers then decided to retire - at age 37. Continuing to manage his own portfolio, Jim Rogers kept busy serving as a professor of finance at the Columbia University Graduate School of Business, and, in 1989 and 1990, as the moderator of WCBS's 'The Dreyfus Roundtable' and FNN's 'The Profit Motive with Jim Rogers'. In 1990-1992, Jim Rogers fulfilled his lifelong dream: motorcycling 100,000 miles across six continents, a feat that landed him in the Guinness Book of World Records. As a private investor, he constantly analyzed the countries through which he traveled for investment ideas. He chronicled his one-of-a-kind journey in Investment Biker: On the Road with Jim Rogers. Jim also embarked on a Millennium Adventure. He traveled for 1101 days on his round-the-world, Guinness World Record journey. Passing through 116 countries, he covered more than 245,000 kilometers, which he recounted in his book Adventure Capitalist: The Ultimate Road Trip. His latest book "A Gift to My Children: A Father's Lessons for Life and Investing" was published in 2009. Help us grow! Leave us a rating and review - it's the best way to bring new listeners to the show. Don't forget to subscribe! Follow The Political Life on Facebook, Instagram, LinkedIn and Twitter for weekly updates.

Get Opto's best content every day, by subscribing to our FREE Newsletter: www.cmcmarkets.com/en/opto/newsletterToday's episode comprises insights from some of the most illuminating interviews we've run to date, including conversations with chess master and hedge fund adviser, Adam Robinson; founder of Morgan Creek Capital, Mark Yusko; co-founder of the Quantum Fund, Jim Rogers; and investing legend and strategist, Kiril Sokoloff, to name a few.Tapping into their combined decades of experience, the following clips explore what it takes to develop a successful investment approach. From perfecting the craft of preparation and controlling your emotions, to honing a sophisticated strategy and intuition, they examine how to sharpen the craft of investing. Their knowledge testifies that by mastering that craft, an investor can attain alpha.Thanks to Cofruition for consulting on and producing the podcast. Want further Opto insights? Check out our daily newsletter: https://www.cmcmarkets.com/en-gb/opto/newsletter------------------Past performance is not a reliable indicator of future results.CMC Markets is an execution-only service provider. The material (whether or not it states any opinions) is for general information purposes only and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment, or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction, or investment strategy is suitable for any specific person.The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although we are not specifically prevented from dealing before providing this material, we do not seek to take advantage of the material prior to its dissemination.CMC Markets does not endorse or offer opinions on the trading strategies used by the author. Their trading strategies do not guarantee any return and CMC Markets shall not be held responsible for any loss that you may incur, either directly or indirectly, arising from any investment based on any information contained herein for any loss that you may incur, either directly or indirectly, arising from any investment based on any information contained herein.

Join us this week for an entertaining look at the world of investments with Jim Rogers, one of the world's most successful and controversial investors. He will help you see the world in a new light. Hear Jim's life story and the experiences that shaped him and explain why he's sticking to his investment. Jim is the founder of the Rogers International Commodity Index. He was also a co-founder of the Quantum Fund. He is an American investor and financial commentator. He is also the author of Investment Biker, Adventure Capitalist, Hot Commodities, and more. To know more about Roger's journey listen to this. Please Enjoy!          Would you please consider being 1% and leaving a short review on Apple Podcasts/ iTunes if you enjoy the podcast? It takes less than 30 seconds, and it makes a world of difference in reaching new interesting guests! To sign up for Kevin's Podcast email Newsletter and to view the show notes & past guests please visit-https://officialkevindavid.com/podcast  Follow Kevin: https://mmini.me/@FollowKD

Today's guest is the legendary Jim Rogers, co-founder of the Quantum Fund and Soros Fund Management and creator of the Rogers International Commodities Index. In today's episode, Jim gives us his take on the global markets today. We touch on inflation, commodities, central banks, and why he believes the next recession will be the worst in his lifetime. Jim also shares what countries he's bullish on, and some of the names may make you a little queasy. ----- Follow Meb on Twitter, LinkedIn and YouTube For detailed show notes, click here To learn more about our funds and follow us, subscribe to our mailing list or visit us at cambriainvestments.com ----- This episode is sponsored by AcreTrader. AcreTrader is an investment platform that makes it simple to own shares of farmland and earn passive income, and you can start investing in just minutes online. For more information, please visit acretrader.com/meb. ----- Interested in sponsoring the show? Email us at Feedback@TheMebFaberShow.com ----- Past guests include Ed Thorp, Richard Thaler, Jeremy Grantham, Joel Greenblatt, Campbell Harvey, Ivy Zelman, Kathryn Kaminski, Jason Calacanis, Whitney Baker, Aswath Damodaran, Howard Marks, Tom Barton, and many more.  ----- Meb's invested in some awesome startups that have passed along discounts to our listeners. Check them out here! 

Interview Recorded on - 04/10/2022On todays episode of the WTFinance podcast I had the pleasure of speaking with Jim Rogers, an absolute legend in the investing world and well known as being the co-founder of the Quantum Fund with George Soros. During the interview we talk about if the markets are really as bad as we have seen, whether we could experience the worst recession in a century, weakest link in assets and potential opportunities to be aware of. I hope you enjoy!0:00 - Introduction0:30 - Key indicators that Jim searches for when looking for a great investment opportunity?1:39 - Any asset classes that look interesting?2:50 - Are we heading towards a disaster?3:47 - How will we know when the disaster has come?4:30 - Any similarities between today and other periods?5:20 - Weakest link in assets?6:00 - The macro outlook as bad as it seems?7:03 - Governments making financial mistakes7:55 - Any markets which are underrated?9:30 - Greatest mistakes you see both professional and beginner investors make?11:35 - Risk management12:44 - Will the next crisis be worse than 2008? 13:40 - Similar inflation as after World War 2?15:20 - One message to take away from the interview?James Beeland Rogers Jr. is an American investor and financial commentator based in Singapore. Rogers is the chairman of Beeland Interests, Inc. He was the co-founder of the Quantum Fund and Soros Fund Management. He was also the creator of the Rogers International Commodities Index.Jim Rogers - Website -  https://www.jimrogers.com/Twitter - https://mobile.twitter.com/iamjimrogers

Tom doesn't want to discuss the erratic bond market or Germany's PPI numbers and could care less about economic data points outside of the US. Victor digresses. Victor and Tom go it alone today (please send Bat a get-well message on Twitter he's feeling under the weather today) as they debate why so many traders who have taken losses in the market for the last couple of years are ready to throw in the towel so quickly. There is so much risk adversity in a game that should be about opportunity. What is the reasoning? It appears that legendary investor Stanley Druckenmiller, might be the culprit of some of this doubt. After all, he worked for George Soros at Quantum Fund in the '80s and '90s and allegedly "wrecked" the British Pound Sterling yielding an impressive $1 billion in profits. He has been touted by the media as "never ever being wrong"...  Druckenmiller, an unabashed contrarian, bear-market enthusiast, and practitioner of macro investing like Tom, recently made a bold statement in an interview saying: "There is a high probability that we could be facing a decade of low to no returns in the equity market." Shaking up traders everywhere who have already lost faith in the markets while they continue to lose profit. Tom thinks this prediction is mostly nonsense; how would Druckenmiller even know? No one really knows. Simply put, it's not actionable, and it means nothing. Trading is about opportunity. Traders see opportunity in the best and worst of times.  Victor has two thoughts on this: 1. If you are taking too much pain, it just means you are overexposed. You are too large with too much notional exposure. In other words, you don't have an understanding of your portfolio beta. 2. It's counterintuitive. You are obviously comfortable buying at all-time highs, but when you lose by 20 percent, you want to take your ball and go home. He doesn't understand why someone would have a different appetite for taking risks in this market than they did 6 to 12 months ago. You might change direction, but why would you ever think about leaving a marketplace that just de-risked and de-levered? Good question. Tom thinks the opportunity isn't as straightforward as it would seem. The investors that are running scared have never experienced a great deal of risk, and you can't live or die on risk-free opportunities alone. And in lies the crux of the matter. See what they decide the answer might be on today's Hear Me Out.

Tom doesn't want to discuss the erratic bond market or Germany's PPI numbers and could care less about economic data points outside of the US. Victor digresses. Victor and Tom go it alone today (please send Bat a get-well message on Twitter he's feeling under the weather today) as they debate why so many traders who have taken losses in the market for the last couple of years are ready to throw in the towel so quickly. There is so much risk adversity in a game that should be about opportunity. What is the reasoning? It appears that legendary investor Stanley Druckenmiller, might be the culprit of some of this doubt. After all, he worked for George Soros at Quantum Fund in the '80s and '90s and allegedly "wrecked" the British Pound Sterling yielding an impressive $1 billion in profits. He has been touted by the media as "never ever being wrong"...  Druckenmiller, an unabashed contrarian, bear-market enthusiast, and practitioner of macro investing like Tom, recently made a bold statement in an interview saying: "There is a high probability that we could be facing a decade of low to no returns in the equity market." Shaking up traders everywhere who have already lost faith in the markets while they continue to lose profit. Tom thinks this prediction is mostly nonsense; how would Druckenmiller even know? No one really knows. Simply put, it's not actionable, and it means nothing. Trading is about opportunity. Traders see opportunity in the best and worst of times.  Victor has two thoughts on this: 1. If you are taking too much pain, it just means you are overexposed. You are too large with too much notional exposure. In other words, you don't have an understanding of your portfolio beta. 2. It's counterintuitive. You are obviously comfortable buying at all-time highs, but when you lose by 20 percent, you want to take your ball and go home. He doesn't understand why someone would have a different appetite for taking risks in this market than they did 6 to 12 months ago. You might change direction, but why would you ever think about leaving a marketplace that just de-risked and de-levered? Good question. Tom thinks the opportunity isn't as straightforward as it would seem. The investors that are running scared have never experienced a great deal of risk, and you can't live or die on risk-free opportunities alone. And in lies the crux of the matter. See what they decide the answer might be on today's Hear Me Out.

Jim Rogers is an American investor, co-founder of the Quantum Fund and Soros Fund Management, and creator of the Rogers International Commodities Index.

Get Opto's best content every day, by subscribing to our FREE Newsletter: www.cmcmarkets.com/en/opto/newsletterToday we revisit one of our most popular interviews to date.In May 2020 we spoke to Jim Rogers, investing legend and co-founder of the Quantum Fund, which famously returned 4200% over just 10 years. Rogers revealed his long/short investment strategy that helped achieve that extraordinary success, and explains while he's not a 'contrarian', he hunts for the best value investments from around the globe.Jim made a prescient call regarding world debt, warning that central banks' relentless money-printing was just delaying an inevitable “epic crash”; he identified extreme value in the travel and tourism sector, still heavily discounted due to COVID lockdowns; and Jim delivered fascinating insight regarding Russia, which of course at the time was yet to invade its neighbouring Ukraine.The interview provides a captivating look-back at an investing legend's geo-political predictions which, while only 2 years have passed, were made in an almost unrecognisable market environment. Enjoy!Thanks to Cofruition for consulting on and producing the podcast. Want further Opto insights? Check out our daily newsletter: https://www.cmcmarkets.com/en-gb/opto/newsletter------------------Past performance is not a reliable indicator of future results.CMC Markets is an execution-only service provider. The material (whether or not it states any opinions) is for general information purposes only and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment, or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction, or investment strategy is suitable for any specific person.The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although we are not specifically prevented from dealing before providing this material, we do not seek to take advantage of the material prior to its dissemination.CMC Markets does not endorse or offer opinions on the trading strategies used by the author. Their trading strategies do not guarantee any return and CMC Markets shall not be held responsible for any loss that you may incur, either directly or indirectly, arising from any investment based on any information contained herein for any loss that you may incur, either directly or indirectly, arising from any investment based on any information contained herein.

Here's a full-length episode from Real Vision's original series, The Next Big Trade - be sure to subscribe. Quantum Fund and Soros Fund Management co-founder Jim Rogers joins Harry Melandri for a special episode of The Next Big Trade. Rogers, discussing the possibility of a bear market, notes that he doesn't have much confidence in the Federal Reserve. He also explains why he sees a lot of value in precious metals and agricultural commodities. Learn more about your ad choices. Visit megaphone.fm/adchoices

MAGOS DE LOS MERCADOS – PARTE 3 – UN POCO DE TODO - James B. Rogers, Jr.MAGOS DE LOS MERCADOS de Jack D. SchwagerP arte III-Un poco de todoJames B. Rogers, Jr.-Comprar valor y vender histeriaLa tercera parte se denomina 'Un poco de todo' y comprenden entrevistas de James B. Rogers, creador junto a George Soros de Quantum Fund (un Hedge Fund) y que tiene un discurso sobre la economía americana, con ideas de propio Trump (por ejemplo, quitar el ejército de Europa).CONSEJO DE TRADINGDisciplina:Relacionado al punto anterior, uno de los aspectos centrales a la hora de tener buenos resultados en el mundo del trading es la disciplina.Esta actividad es muy estresante, profundamente psicológica y por lo tanto, ser disciplinado es una de las cualidades que cualquier Trader de éxito debe trabajar.Como lo menciona Jack Schwager, la palabra disciplina es la que los Traders exitosos probablemente más repiten.

Quantum Fund and Soros Fund Management co-founder Jim Rogers joins Harry Melandri for a special episode of The Next Big Trade. Rogers, discussing the possibility of a bear market, notes that he doesn't have much confidence in the Federal Reserve. He also explains why he sees a lot of value in precious metals and agricultural commodities.

I keep thinking about that interview with Stanley Druckenmiller.Druckenmiller, a legend in US investing, worked with George Soros for many years, 12 of them as lead portfolio manager of Soros's Quantum Fund, when he, among other things, spearheaded the infamous “Black Wednesday” raid on the pound in 1992 that forced the UK out of the European exchange rate mechanism (ERM). His own fund's performance over many decades, year-in, year-out, is almost without equal.The part that really struck home with me is what he says was the key thing he learnt from Soros: “sizing”. Others might call that: how much to speculate or invest. Others: how much to risk. Others: how much of your portfolio to allocate. “Sizing is 70% to 80% of the equation. Part of the equation is seeing the investment, part of the equation is seeing myself in a good trading rhythm. It's not whether you're right or wrong, it's how much you make when you're right and how much you lose when you're wrong”.“I believe in streaks,” he says, “Like in baseball. Sometimes you're seeing the ball, sometimes you're not. And my number one job is to know when I'm hot and when I'm not. When I'm hot, I need to turn the dial straight up. When you're cold the last thing you should do is make big bets to get even. You need to turn yourself down.”The reason this has struck home with me – and perhaps might with you as well – is that I am not hot at the moment. I've had streaks when I've been great. Every stock I cover, every call I make, every buy or sell is red hot and bang on the knuckle. I could go through old articles and pick winners that eclipse other commentators.Perhaps you followed me into these trades and made out like bandits as a result.But I've also had streaks when I've been awful. And I could go through old articles and find you plenty of those too – articles that, when looked back on now, make me look a laughing stock.Perhaps you followed me into those and made out like a bandit who's just been put in jail.Looking back, I first thought my hot streak came to an end in the spring, in early March. I was bullish on metals – I bought into the decade-of-under-investment narrative (and I still do) – but failed to fully heed to the Ukraine invasion “pop and drop” factor, followed by the impact of China lockdowns, never mind the broader market weakness.But now I realise my mistakes go back further – into 2021 – with a failure to see the tech bear market for what it was sufficiently early to have gone on the defensive. One part of my portfolio was doing well, so perhaps it concealed the other.Then, of course, since the spring decline of everything, I've taken some big hits. I imagine you have too. And I have been too slow to react.That's another thing Druckenmiller talks about by the way: act first, research later. Markets move quickly, ideas spread fast, especially good ones, so it pays to get positioned. You can always exit if your research changes the story.As well as a failure to recognize what was what, or only half recognising it, and being slow to move, my risk management was poor. So to Druckenmiller's “how much you lose when you're wrong” – my answer? “Too much”. I should know better, and I'm more than a bit cross with myself. Nevertheless, I have been on a bit of a tidying-up exercise, re-evaluating positions and so on. I've also been working on my fitness as I believe that helps you make good decisions. What I'm betting on nowRightly or wrongly, I sold down some of my oil positions last week, as I felt oil could be the next shoe to drop in these ongoing liquidations. I sold down another couple of positions elsewhere that I felt had got tired so as to have some cash in case this bear market has another leg down (none of the companies discussed with paid subscribers, don't worry).I spent some time comparing the movements of various asset classes from 2005-09 to the movement today. My memory was that stocks peaked, then a few months later metals peaked, then oil peaked – then a few months after that everything crashed.The sequence has been similar this year, so I am now concerned that another crash is on the cards. I tend not to bet on crashes, or indeed predict them, as they are rare occurrences. With two big ones this century and maybe three or four whoppers in the last, they tend to be outlier events. Predicting crashes may get you extra hits and clicks, but more often than not, you're wrong.But my revaluation has now persuaded me that whether we crash or not in the autumn, I think we are bouncing now. It might be a change in trend (we have seen the low) or a counter-trend rally (further lows to come). So I've actually ended up, after selling a bit, now buying a bit (a simple long on the S&P 500). This might all sound contradictory, but trading and investing often are. You change your mind. I'm glad to have reached where I've reached, because it has been the result of thought, analysis and conscious decision-making, rather than laziness, following others or emotion. I felt I've owned the process a bit better than I have been. My risk-management is better. And my bets are smaller – until I recognize that I'm hot again. (And I will be – it's the Frisby you're talking about here). Druckenmiller applied the same logic to those who work for him, by the way. He would place big bets on those he could see were on a winning streak, and often even bet against those on losing streaks.We could apply the same logic to those we follow online – to commentators such as myself: know when they are hot and when they are not. I'm not hot at the moment, or at least I haven't been. But whatever pudding was in the fridge of my brain, has at least been stirred a bit and stuck in a saucepan.Let's hope someone switches on the cooker. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.theflyingfrisby.com/subscribe

I don't listen to as many interviews and podcasts as I used to, or indeed as I should (more fool me), but this interview this week with legendary investor, Stanley Druckenmiller, happened across my desk and I highly recommend it, if you can find the time. It's long, but well worth it.Druckenmiller founded Duquesne Capital in 1981 and closed it 2010 with some $12bn in assets. He is said to have made $260 million in 2008 alone. He was also, from 1988 to 2000, lead portfolio manager of George Soros' Quantum Fund. (Many of the best parts of the interview regard what he learnt from Soros).There are great stories, insight and wisdom, and a great deal to learn from him.Here are some of my take-aways:In his 45 years as a chief investment officer, today's set-up is like nothing Druckenmiller has ever seen, because the bond market is so distorted with all the central bank buying of the last 12 years. He is not sure how it pans out. Normally, if he sees a bear market, he would hide in bonds. But that is not such an obvious option, when is inflation 8% and they are only yielding 3%. (Currently he seems to be mostly on the sidelines - more on this in a moment).“Once inflation gets above 5% it has never come down unless the Fed funds rate gets above CPI. And that is currently 8%.” He doesn't think the Fed funds can get to 8%.He is generally bearish regarding today's markets, but also makes the point that he has an overly bearish mindset, and part of his process is managing that. 90% of his fortune, and of any good short-seller, he says came on the long side, in growth stocks (in his case). The maths is with you.Think a year aheadStock markets are predictive - particularly companies within the stock market. The homebuilders, the truckers, retail - they can all tell you where the economy is going 6 months or a year from now. (He thinks a recession is likely). Retail investors tend to focus on what's happening right now, and that is why they do not outperform. Current fundamentals are already reflected in the price. His advice is to focus intensely on what moves the stock price - what's going to change 18 to 24 months from now? Will the company be in better shape? How are people going to react to that change?“My number one advice: Do not invest in the present. The present does not move stock prices. Change moves them.”He is not a fan of the diversification advocated in business schools. A big problem for investors is stale longs and stale shorts, he says. One should have a good knowledge of all asset classes and be able to switch between them. The act of doing that keeps you on your toes. It keeps you thinking and questioning.If you have an idea, it often pays to act quickly on it, then do the research later. Today markets move quickly and there is often not time to wait on a good idea. If an idea appeals intuitively and fits with his macro thinking, he tends to invest quickly and then do further research. If he is wrong, he can get out quickly. Good ideas tend to spread fast in the market - people talk. When an idea catches on, a security moves fast, erasing much of the trade potential, so it is important to be in as early as possible. Soros has spoken of this strategy in his books as well.Never mind the market, what about you?A key thing he learned from Soros is that “sizing is 70% to 80% of the equation ... Part of the equation is seeing the investment, part of the investment is seeing myself in a good trading rhythm. It's not whether you're right or wrong it's how much you make when you're right and how much you lose when you're wrong.”“I believe in streaks,” he says, “Like in baseball. Sometimes you're seeing the ball, sometimes you're not, and one my number one jobs is to know when I'm hot and when I'm not. When I'm hot, I need to turn the dial straight up. When you're cold the last thing you should do is make big bets to get even. You need to turn yourself down.”He applies this same logic to those who work for him. Placing big bets with those within his firm, who are on a winning streak, and often even betting against those who are on losing streaks. We could perhaps apply the same logic to those we follow - to commentators such as myself: know when they are hot and when they are not. (I am not hot at the moment FWIW).Many great traders talk of the need for humility and part of Druckenmiller's success lies, I guess, in knowing when to be humble - knowing when he's off. On one occasion in 2000, he went to Africa for six months, switched out of the market altogether - no screens, no papers nothing - came back and made 40% in a month.Macro chaos comingDruckenmiller sees “macro chaos” in the years ahead and feels investors will need to be able to switch between assets. He is worried about global trade and does not rule out a return to the 1930s.He thinks blockchain is going to be very big three to five years from now, a major feature of finance - but has no major positions. He is too old to compete. He may go back to short equities, but the obvious big gains have already been made, and the big concern is a humungus counter-trend rally. "You can get your head ripped off" in short squeezes, he warns“My best guess is that we're six months into a bear market that has some room to run. For those tactically trading it's possible the first leg of that has ended. But I think it's highly, highly probable that the bear market has a way to run.” He thinks there will big plays in forex. In a few months he may look to short the dollar - the US was first to tighten, others will follow. He is not persuaded by US exceptionalism.But he is very concerned about the big picture. “In my 45 years as a practitioner, I have never seen a constellation such as we have now, or frankly studied one, so I have more humility in terms of my views going forward than ever. I am open minded to something really bad. This is an analysis harder than you've ever faced in 45 years, so please be open minded, because this not a story we have seen before so the outcome is not predictable”. He is doing his best to listen to the voices on both shoulders.We might see inflation, we might see deflation, it could be no growth like 1966-1982 or something much worse like the 1930s.I'd like to know what he thinks about gold.Here is the interview in full: This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.theflyingfrisby.com/subscribe

A book mentioned many times over on ILAB throughout the years is "Adventure Capitalist" and we were finally able to speak to author Jim Rogers on this episode! Sam and Derek kick off the show both talking about the influence of the book and then jump into the interview. Sam interviews Jim where he touches on his experiences visiting nearly every country in the world, even ones at war during the time. Jim then speaks of his views on the current state of the economy, what markets you should be looking to invest in, the importance of history to the economy, and where he plans on traveling to next. Sam and Derek wrap up the show with travel experiences of their own and what they think about Jim's thoughts on the future, especially with regards to China.  Jim Rogers, a native of Demopolis, Alabama, is an author, financial commentator, adventurer, and successful international investor.  He has been frequently featured in Time, The Washington Post, The New York Times, Barron's, Forbes, Fortune, The Wall Street Journal, The Financial Times, The Business Times, The Straits Times and many media outlets worldwide.  He has also appeared as a regular commentator and columnist in various media and has been a professor at Columbia University. After attending Yale and Oxford University, Rogers co-founded the Quantum Fund, a global-investment partnership.  During the next 10 years, the portfolio gained 4200%, while the S&P rose less than 50%.  Rogers then decided to retire – at age 37.  Continuing to manage his own portfolio, Rogers kept busy serving as a full professor of finance at the Columbia University Graduate School of Business, and, in 1989 and 1990, as the moderator of WCBS's 'The Dreyfus Roundtable' and FNN's 'The Profit Motive with Jim Rogers'. In 1990-1992, Rogers fulfilled his lifelong dream: motorcycling 100,000 miles across six continents, a feat that landed him in the Guinness Book of World Records.  As a private investor, he constantly analyzed the countries through which he traveled for investment ideas.  He chronicled his one-of-a-kind journey in Investment Biker: On the Road with Jim Rogers.  Jim also embarked on a Millennium Adventure in 1999.  He traveled for 3 years on his round-the-world, Guinness World Record journey. It was his 3rd Guinness Record.  Passing through 116 countries, he covered more than 245,000 kilometers, which he recounted in his book Adventure Capitalist: The Ultimate Road Trip.  His book, Hot Commodities: How Anyone Can Invest Profitably In The World's Best Market, was published in 2004.  Another of his books A Bull in China describes his experiences in China as well as the changes and opportunities there. His recent book A Gift to My Children is a heartfelt, indispensable guide for his daughters (as well as for all adults and children) to find success and happiness. His latest memoir Street Smarts: Adventures on the Road and in the Markets was published in February 2013. Recently in January 2018, his book A Gift to My Children, 2nd edition which was published in Chinese, was launched in China. And in October 2018, another of his book The Next Big Wave, published in Complex Chinese, was launched in Taiwan. Rogers had two number one bestsellers in Japan namely The Future of Japan and A Warning to Japan that were published in January and July 2019 respectively. WCBS's 'The Dreyfus Roundtable' and FNN's 'The Profit Motive with Jim Rogers'. book The Next Big Wave, published in Complex Chinese, was launched in Taiwan. Rogers had two number one bestsellers in Japan namely The Future of Japan and A Warning to Japan that were published in January and July 2019 respectively. Listen to ILAB 221 on iTunes here or subscribe on your favorite podcast app. Where we are: Johnny FD – Budapest / IG @johnnyfdj Sam Marks – Barcelona / IG @imsammarks Derek Spartz – Venice Beach / IG @DerekRadio Sponsor: Commonstock Commonstock is a social network for smart investors. Join the FREE community of engaged investors to access exclusive financial data, follow and chat with fellow investors, get alerts when friends buy or sell, and make trades directly through the platform at Commonstock Support Invest Like a Boss: Join our Patreon Discussed: Jim Rogers (Official Wedbsite) Like these investments? Try them with these special ILAB links:   ArtofFX – Start with just a $10,000 account (reduced from $25,000) Fundrise – Start with only $1,000 into their REIT funds (non-accredited investors OK) *Johnny and Sam use all of the above services personally. Time Stamp: 08:08 – Tell us about your Guinness Book World Records? 09:40 – Did you have any difficulties receiving permissions for your travels? 11:26 – How did you communicate in these foreign countries without speaking the language? 12:38 – Did you have a plan for these trips or was it kind of a day-to-day? 15:12 – Can you explain the dynamic of “borrowing short and committing long”? 17:19 – What kind of investments were you looking at during your travels? 18:27 – Who is the best investor you have worked with? 19:27 – Can you talk about a fund you had with George Soros? 20:50 – Patreon Question: What do you think about the prediction that the US Stock market is a super bubble about to pop? 25:33 – What do you think would be some big changes if you were to take the same trip around the world you did 20 years ago? 27:16 – Do you have any big trips planned? 28:11 – What investing advice do you give to your kids? 29:19 – How do you like Singapore in terms of economy? 33:17 – Sam and Derek Review If you enjoyed this episode, do us a favor and share it! Also if you haven't already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here!  Copyright 2022. All rights reserved. Read our disclaimer here.

Andrew For America talks about Rand Paul, Laura Ingraham, Dr. Anthony Fauci, Jon Stewart, Joe Biden, Dave Smith, and Jim Rogers of Quantum Fund.  He discusses crony capitalism, currency and crypto, critical race theory, lab-leak theory, and the Ghislaine Maxwell deposition.  --- Support this podcast: https://anchor.fm/andrew-foramerica/support

SINGAPORE -- In Episode #16 (Segment 1 of 2) of his podcast, Thomas Fraser talks with legendary investor and world traveler Jim Rogers about investing in China, the future of North Korea, the quality of life in Singapore and philanthropy.  Rogers describes several areas of investment he likes in China, including environmental cleanup, health care, tourism and agriculture.  "I am bullish on agriculture everywhere, but especially in China," he says.Rogers is the author of several fascinating books, including "Adventure Capitalist: The Ultimate Road Trip."To learn more about the Tom Fraser Podcast and to listen to additional episodes, please go to www.tlfraser.com/podcasts.This podcast was originally published at www.tlfraser.com on May 12, 2017.The information provided in this podcast does not constitute the provision of legal, tax or investment advice.  This information is provided for general informational purposes only.Copyright 2015-2021 Thomas L. Fraser.  All Rights Reserved.  

SINGAPORE -- In Episode #16 (Segment 2 of 2) of his podcast, Thomas Fraser talks with legendary investor and world traveler Jim Rogers about investing in China, the future of North Korea, the quality of life in Singapore and philanthropy.  Rogers describes several areas of investment he likes in China, including environmental cleanup, health care, tourism and agriculture.  "I am bullish on agriculture everywhere, but especially in China," he says.Rogers is the author of several fascinating books, including "Adventure Capitalist: The Ultimate Road Trip."To learn more about the Tom Fraser Podcast and to listen to additional episodes, please go to www.tlfraser.com/podcasts.This podcast was originally published at www.tlfraser.com on May 12, 2017.The information provided in this podcast does not constitute the provision of legal, tax or investment advice.  This information is provided for general informational purposes only.Copyright 2015-2021 Thomas L. Fraser.  All Rights Reserved.

This week's episode is with Jim Rogers who is an author, financial commentator, adventurer, and successful investor.   He has been frequently featured in Time, The Washington Post, The New York Times, Barron's, Forbes, Fortune, The Wall Street Journal, The Financial Times, The Business Times, The Straits Times and many media outlets worldwide.  He has also appeared as a regular commentator and columnist in various media and has been a professor at Columbia University.   After attending Yale and Oxford University, Rogers co-founded the Quantum Fund, a global-investment partnership.  During the next 10 years, the portfolio gained 4200%, while the S&P rose less than 50%.    In 1990-1992, Rogers fulfilled his lifelong dream: motorcycling 100,000 miles across six continents, a feat that landed him in the Guinness Book of World Records.  As a private investor, he constantly analyzed the countries through which he traveled for investment ideas.  He chronicled his one-of-a-kind journey in Investment Biker: On the Road with Jim Rogers.     Jim also embarked on a Millennium Adventure in 1999.  He traveled for 3 years on his round-the-world, Guinness World Record journey. It was his 3rd Guinness Record.  Passing through 116 countries, he covered more than 245,000 kilometers, which he recounted in his book Adventure Capitalist: The Ultimate Road Trip.  His book, Hot Commodities: How Anyone Can Invest Profitably In The World's Best Market, was published in 2004.  Another of his books A Bull in China describes his experiences in China as well as the changes and opportunities there. His recent book A Gift to My Children is a heartfelt, indispensable guide for his daughters (as well as for all adults and children) to find success and happiness. Rogers had two number one bestsellers in Japan namely The Future of Japan and A Warning to Japan that were published in January and July 2019 respectively.   In this show you will learn: How to balance risk with opportunity  What you can do to protect wealth  Why it's ok to lose at the beginning of your investment journey How digital currencies will affect the currencies of today  Why doing your research and due diligence will save you a ton of money  ABOUT THE GUEST   Jim's Website: https://www.jimrogers.com/   ABOUT THE HOST This show is hosted by Adam Strong {AKA: The Game Changer} who is a Business Strategist, Former Elite Athlete, Author, Podcast Host and International Speaker Adam Strong. He currently runs 3 different businesses and enjoys working with business owners and entrepreneurs of small to medium sized companies. Adam is a Former Elite Athlete that trained with Olympic and World Champion Sir Mo Farah for 3 years. He takes the same skill-set that he learned as an elite athlete to teach his clients on how to create high performance, increased productivity and growth. He is the author of two books ‘Move it or lose it' and ‘Fit body fit business'. Both written for business owners and teams that want their businesses to excel and to accelerate faster, quicker and become more focused. Adam is co-authoring his third book due out in October 2021.  He has been featured on the front cover of Influential People, Global Man and Steer Magazines, BBC radio, the Huffington post and in People Management magazine just to mention a few. He has interviewed influencers and thought leaders such as Jack Canfield, Dr John Demartini, Bob Burg, Marshall Goldsmith, Olympic athletes and sports personalities such Neil Fachie, Jonathan Horton and Kate Strong. He has shared the stage with celebrities such as John Travolta, Vanilla Ice, Calvin Klein, 50 cent and Dr Nido Qubein. CONTACT METHOD Take our new Business Scalability Scorecard here Adam's LinkTree: https://linktr.ee/adamstrongofficial

In this episode we interview the one and only Jim Rogers, a frontier market pioneer, that had a formative career on Wall Street alongside George Soros at The Quantum Fund, after which he turned his attention to becoming a first mover in many of the most exciting emerging market success stories of today, committing with foresight as others were unable to recognise the long term opportunities. What we get into: - Literally motorbiking across the world and seeing first hand the opportunties in nascent markets in the 1980's and beyond - Being one of the first foreign investors in countries all over Asia and Africa - Catastraphe equaling opportunity and how this applies to markets such as North Korea, Iran and Venezuela today

Jacob spoke with famed investor Jim Rogers during the 14th episode of Keepin Kozy. Jim Rogers is one of the most well-known investors of the 20th century having co-founded the Quantum Fund and the George Soros Fund with another legendary investor George Soros. Outside of finance, he is probably better known for leaving the world of finance to travel the actual world in his memoirs Adventure Capitalist and Investment Biker. In line with Achebe's line "Things Fall Apart," almost everything related to this episode fell apart. Though thanks to the killer work of our editor Jeff-we were able to salvage this. Thanks for watching, and please rate comment and subscribe if you enjoyed this.

Gamechangers LIVE with Special Guest David Ferrera, CEO of The Quantum Fund. David Ferrera is an engineer, entrepreneur, inventor and advisor with more than 25 years experience in the medical device field successfully developing products, founding companies, and managing them from concept through commercialization. He's currently Chief Technology Officer of Balt which is dedicated to advancing therapies in hemorrhagic and ischemic stroke. David co-founded Blockade Medicalin 2011 and was their President and CEO. Blockade was acquired by Balt Extrusionof France in August 2016. Balt designs, manufactures and distributes'Interventional Neuro Radiology' (‘INR') devices such as catheters, stents and coilsthat are essential in treating such conditions as hemorrhagic and ischemic stroke.Prior to co-founding Blockade he was co-founder and Vice President of ProductDevelopment/Clinical Research/General Manager of MindFrame Inc., of Irvine,CA. Mr. Ferrera formed and managed the team that successfully developed thecompany's first acute stroke mechanical thrombectomy product line. MindFramewas acquired by Covidien/ev3 Neurovascular (now Medtronic Neurovascular) in2012. Sergio is a dynamic leader, Speaker and Executive Coach with over twenty years of domestic and international business leadership experience. He is currently CEO of Progress Partners Consulting, a firm specializing in optimizing individual and team performance. He is also the founder of the Peak Performance Method™ training and is Host of the Gamechangers LIVE™ Podcast! CONNECT WITH ME! www.linktr.ee/coachsergio www.sergiotigera.com www.gamechangerslive.co www.thepeakperformancemethod.com www.linkedin.com/in/sergiotigera

Subscribe to our channel for important financial market updates now! http://bit.ly/2t1HKOj Trading Secrets of the Quantum Fund Came across a great video from learncurrencytradingonline.com about some of the strategies of the legendary Quantum Fund. It's a great video for anyone who's interested in trading or investing, and you can find the whole thing here: https://www.youtube.com/watch?v=jwHpumZ8GvM - To watch "Inside the Markets" go to: https://www.stockpulse.com/media - For more help understanding the markets or to talk with Chris visit: http://arcadiaeconomics.com/ - Subscribe to our channel for important financial market updates now! http://bit.ly/2t1HKOjSubscribe to Arcadia Economics on Soundwise

The Economic Collapse Part II: Featuring (In Order Of Appearance) 00:36 - Jim Rogers, Legendary Investor 05:09 - Chris Duane, Financial & Investing Expert 39:46 - Kevin W. Massengill 1:02:07 - Robert Wiedemer Guest Bios Jim Rogers Jim Rogers grew up in Demopolis, Alabama, and got started in business at the age of five, selling peanuts. He graduated from Yale University and has a degree in philosophy, politics and economics from Oxford University. Jim became a Wall street legend when he and George Soros founded the Quantum Fund. After his career as a hedge fund manager and investor, he now periodically teaches finance at Columbia University, and appears regularly on the CNBC Cable Network. Chris Duane Chris Duane is a Financial & Investing Expert and Founder of the Silver Shield Xchange. Chris is also a US Marine & venture capitalist and became a self-made millionaire by age 30. Chris Duane's YouTube Channel “The Greatest Truth Never Told” has over 28 million views since its debut. He is also author of a phenomenal book Thrivalist which is about how to be successful after the US economy collapses. Kevin W. Massengill Kevin W. Massengill is the editor of Jim Rickards' and Massengill's Defense Technology Alert by Agora Financial in 2016. Mr. Massengill is the founder and CEO of a fintech data analytics firm, Meraglim Inc., a senior executive in Fortune 500 aerospace, defense and information technology companies, a private equity firm in Chicago and he is an advisory board member of a California technology startup, Flynxx. Robert Wiedemer Robert A. Wiedemer is President of Aftershock Publishing and a Managing Director with Ark Financial Management, a money management firm. He is also Portfolio Manager for Ark Strategic Investments, a hedge fund. Mr. Wiedemer wrote the landmark book that predicted the current downturn in the economy in 2006, America's Bubble Economy, published by John Wiley. As Paul Farrell, Senior Investment Columnist at Dow Jones MarketWatch recently said, “In short, America's Bubble Economy's prediction, though ignored, was accurate.” Kiplinger's chose it as one of the best business books of 2006.