{"id":50535,"date":"2020-01-13T20:12:10","date_gmt":"2020-01-14T01:12:10","guid":{"rendered":"https:\/\/olduvai.ca\/?p=50535"},"modified":"2020-01-13T20:12:18","modified_gmt":"2020-01-14T01:12:18","slug":"this-is-insanity-jim-rogers-warns-of-horrible-time-ahead","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=50535","title":{"rendered":"&#8220;This Is Insanity!&#8221; &#8211; Jim Rogers Warns Of &#8220;Horrible Time&#8221; Ahead"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.zerohedge.com\/markets\/insanity-jim-rogers-warns-horrible-time-ahead\">&#8220;This Is Insanity!&#8221; &#8211; Jim Rogers Warns Of &#8220;Horrible Time&#8221; Ahead<\/a><\/h3>\n\n\n\n<p>The Fed has increased its balance sheet over 500% in the past decade; The Bank of Japan is printing money to buy bonds and stock ETFs; and The European Central Bank is mired in insane negative interests. And, according to legendary investor Jim Rogers,&nbsp;<strong>they will continue this &#8220;madness&#8221; as long as its necessary.<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/inline-images\/5e18539c85f5402e014faa10.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<p>In an&nbsp;<a href=\"https:\/\/www.rt.com\/business\/477912-global-debt-skyrocketing-horrible-times\/\">interview with RT\u2019s Boom Bust<\/a>, Rogers exclaims, that interest rates around the world have never been this low:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><em><strong>&#8220;&#8230; this is insanity, that\u2019s not how sound economic systems are supposed to work.&#8221;<\/strong><\/em><\/p><\/blockquote>\n\n\n\n<figure><iframe loading=\"lazy\" allowfullscreen=\"\" height=\"315\" src=\"https:\/\/www.rt.com\/shows\/boom-bust\/477884-2020-for-global-markets\/video\/5e1826752030272bda49ca49\" width=\"560\"><\/iframe><\/figure>\n\n\n\n<p>In 2008, Rogers notes that we had problems because of too much debt, however,&nbsp;<em><strong>\u201csince then the debt has skyrocketed everywhere and it\u2019s going higher and higher. We are going to have a horrible time when this all comes to an end.\u201d<\/strong><\/em><\/p>\n\n\n\n<p><em>Adding that:<\/em><\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><em><strong>&#8230;eventually, the market is going to say: \u2018We don\u2019t want this, we don\u2019t want to play this game anymore,<\/strong>&nbsp;and we don\u2019t want your garbage paper anymore\u2019.&#8221;<\/em><\/p><\/blockquote>\n\n\n\n<p>And when that happens, Rogers warns that central banks will print even more and buy even more assets.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong><em>\u201cAnd that\u2019s when we will have very serious problems&#8230; We all are going to pay a horrible price someday but in the meantime it\u2019s a lot of fun for a lot of people.\u201d<\/em><\/strong><\/p><\/blockquote>\n\n\n\n<p><em>When it comes to an end, Rogers laments, &#8220;it will be the worst of my lifetime.&#8221;<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;This Is Insanity!&#8221; &#8211; Jim Rogers Warns Of &#8220;Horrible Time&#8221; Ahead The Fed has increased its balance sheet over 500% in the past decade; The Bank of Japan is printing money to buy bonds and stock ETFs; and The European Central Bank is mired in insane negative interests. And, according to legendary investor Jim Rogers,&nbsp;they [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[85,6276,303,6561,534,3650],"class_list":["post-50535","post","type-post","status-publish","format-standard","hentry","category-economics","tag-boj","tag-boom-bust","tag-fed","tag-jim-rogers","tag-monetary-policy","tag-us-federal-reserve"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/50535","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=50535"}],"version-history":[{"count":2,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/50535\/revisions"}],"predecessor-version":[{"id":50537,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/50535\/revisions\/50537"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50535"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50535"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50535"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}