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It's not very often that I I mean somebody who.
Sees the world in similar fashion as I do.
And in this case it's and it's good to be.
If I'm crazy -- -- Srebrenica is crazier than him.
Jim Rogers he is legendary investor and author of my gift to my children -- father's lessons for life and investing.
Have you always been I mean you're you're legendary.
Have a sit down with view and -- -- -- unless you're Neil Cavuto.
You don't get a chance to sit down with the -- very often.
How long have you been deemed.
Probably for about that most of my life I would suspect looking back on it even when I was in high school I grew up in a very small town in Alabama.
Even then they thought there was something wrong mark you know from Iraq rest yet.
You the a thumbnail sketch of what you see coming.
Well the United States is now the largest debtor nation in the history of the world plan.
And it's getting -- it's not getting better you would think that those clowns in Washington would reads one history book and see what happens when countries get into this kind of situation.
Nobody ever has gotten out of this kind of situation without a crisis or -- semi crisis and not a crisis sort of semi crisis is coming sooner rather than later.
-- the largest debtor nation in the history of the world in the history of the world.
Are they inflating our money intentionally is the only way to get out of this -- of course that's what they hope to do if they were.
Cause inflation part of -- I don't know if they're Smart enough to plan this out -- that way it's working.
They're going to inflate the currency.
Cause inflation -- who come work less and less.
And repair and often worthless money I talked to people all the time who were at your level and they say -- -- well you know it's going to be controlled.
How you control that you do there's no way to control nobody has ever been able to control inflation was inflation starts.
And you try to put it down it gets harder and harder the longer you wait the worse again frank all -- -- just read -- history books as you people think I'm that's true.
I usually get up -- -- I'm not Smart I just looked it up there looking up to.
It's really simple -- -- well the first thing when they started TARP.
A friend of mine who.
Is very well aware of all the situations just said this to me.
All you can about by more.
And I have.
And there came a point where the politicians were -- well where they are now.
Where they say they said -- to each other said OK if we if we stop all this stimulus then we go into a Great Depression.
And then it of people are gonna rise up there be riots in the streets.
And if we don't they'll be hyper inflation.
And they said yeah but that's not necessarily guarantee that gives us more time all they're doing is in they could be in of the best intent -- not claiming that they are but.
They could have the best intent and they're doing just.
Let's is to have more time to figure something else out.
I don't think you need politician -- ever.
Brought disaster on knowingly and willingly.
They did just gets out of control quickly and most politicians and not that Smart.
That's -- become politicians in the studies show you -- that the people in America become the best politicians.
But of people who excelled at playground.
Hidden excel at anything else most of them and never had jobs they don't know how the world works and it's it's frightening funny -- so tell me about.
The Middle East because I think the Middle East is about to be would you agree with me that Israel is that is the keystone.
Of -- west that if that falls.
In this situation.
That just starts to sweep across Europe.
And destabilize is everything well -- Israel falls are -- and have chaos in the Middle East is present no question about that I don't think you're gonna see that.
Muslims at the gates of Vienna again not -- -- that I'm saying that it did -- stabilization.
That the whole world you destabilize.
Israel the whole thing and the west is already on the -- ropes.
Well there's no question you're going to see a lot more.
Social unrest in Europe in a few more social unrest in the similar social unrest everywhere including the United States have a press.
You believe that we.
Burning buildings and New York or Los Angeles I mean watch -- -- stuff don't you.
Yes agenda and it would throw your body just your well there are -- there I just I it's nice to be with somebody whether ML you just look it up.
This is not complicated stuff that he's human hearing them in the thirties in -- Cox's army they marched on Washington.
You -- people marching on Washington in the thirties and camping out.
Around the White House because they were really angry and -- ends up -- -- upset now.
In the thirties America was much more disciplined.
It's very unlikely but -- -- in the -- -- -- -- -- -- America's not nearly as disciplined as we were in those days now everybody expects a free lunch.
In the thirties nobody expected to free -- they were willing to work they're willing to do whatever they could to get to get money and and food.
We don't have that -- people.
So and let me just fills -- -- off a couple of things here first.
Is yeah is gas going up because we're printing money.
OPEC won't produce more.
And guess is going up for -- in the first place because we're running out of known reserves report.
The IAEA the international energy agencies are going around the world -- pleading with people to -- known reserves to boil or in decline and then.
You have the Central Bank in the US throwing gasoline on to the fire so we have shortages that are coming.
Bernanke then they're printing money as fast as he can't.
And that of course leads to inflation it always -- this is not brain surgeries just look about how how is Sam.
How is how did did the gulf and the BP thing affect United States and our future -- It was certainly a disaster what happened and I'm from Alabama and I thirty know a lot of people who suffered on the Gulf Coast when -- -- all that happened but.
The unknown consequence of the unintended consequences now we're not drilling.
Who -- are not drilling for -- -- nation which is running out of -- at least known oil.
And we're not drilling have you seen what the regulations are doing out of -- what they're talking about now that it's gonna make the I've done everything is going to be much more expensive.
They don't seem to understand -- -- running out of known sources of -- And unless we do something quickly very quickly prices of gasoline and oil are gonna go through the -- like what.
Like drought we'll be -- the main and we need to do is to drill for oil.
We've got a lot of oil in the United States apparently.
Apparently -- but nobody can -- -- okay.
When we come back.
I want to talk a little about time some of the things that.
Jim just said is is coming.
Now I want to kind of taken to.
OK so so so what he -- what do you do.
If you're somebody would just a 401K.
Or you know you're not.
Billionaire that can you know move your money offshore centrist centric.
And I've asked Jim before went on the -- to come up with a few things.
You know recommendations to parents or -- or grandparents.
Two college students what should you be what should you be doing.
And also I want to ask a little bit about what he said.
I think I read that you said that you believe the dollar is over.
And it could happen is as it could happen in the next five months.
-- -- -- -- That I said it could happen it could have -- -- and it was yeah but it could happen in the next five months.
And then I wanna talk from a little bit about.
Food and farmers and some stats and some ideas on farmer -- a farming.
That I've never heard.
Any place else coming up.
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