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> We’ve had financial problems in America — let’s use America — every four to seven years, since the beginning of the republic. Well, it’s been over eight since the last one.
Well I'm certainly convinced!
Don't know anything about Jim Rogers' creds / authority in this matter. How much should be we concerned / alarmed at these statements? > Rogers: It could be an American pension plan that goes broke, and many of them are broke, as you know. It could be some country we’re not watching. It could be all sorts of things. It could be war — unlikely to be war, but it’s going to be something. and > Rogers: It’s going to be t…
Typical advice is if you're older, say within 10 years of retirement push towards treasury bonds, commodities etc. (ultra safe investments). If you're young, you can try to time it, but even if you screw-up just hold through the crash and it'll recover in a couple of years. Do some more research, you don't want to put stock in random internet comments... including mine!
There are varying opinions as to the relevance/worth of commodities:
https://www.wsj.com/articles/SB10001424127887323681904578643...
Jim has been saying this for past 6-8 years. He will eventually be right.
2011: 100% Chance of Crisis, Worse Than 2008: Jim Rogers 2012: Jim Rogers: It’s Going To Get Really “Bad After The Next Election” 2013: Jim Rogers Warns: “You Better Run for the Hills!” 2014: JIM ROGERS – Sell Everything & Run For Your Lives 2015: Jim Rogers: “We’re Overdue” for a Stock Market Crash 2016: $68 TRILLION “BIBLICAL CRASH” Dead Ahead? Jim Rogers Issues a DIRE WARNING 2017: THE BOTTOM LINE: Legendary inves…
Earlier quoted context omitted.
First jobs were replaced by simple tools, then by livestock, then by machines. What makes software any different from any other advancements made throughout history?
The scale of software tool utility is pretty much unparalleled by traditional tools. Traditional tools such as livestock and machines require breeding, mining... some sort of "manufacturing" process. Okay, software has manufacturing cost too, but typically only once to create, and once to maintain. Imagine if you could dynamically spawn livestock without the overhead of mining, breeding, and trading. The jobs that so…
2011: 100% Chance of Crisis, Worse Than 2008: Jim Rogers 2012: Jim Rogers: It’s Going To Get Really “Bad After The Next Election” 2013: Jim Rogers Warns: “You Better Run for the Hills!” 2014: JIM ROGERS – Sell Everything & Run For Your Lives 2015: Jim Rogers: “We’re Overdue” for a Stock Market Crash 2016: $68 TRILLION “BIBLICAL CRASH” Dead Ahead? Jim Rogers Issues a DIRE WARNING 2017: THE BOTTOM LINE: Legendary inves…