#dollarcollapse2018

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Legendary Investor Jim Rogers Talks

jim-rogers Stocks are selling off. Could this be the beginning of the end? Legendary investor Jim Rogers talks .. How bad will the next financial crisis be? Stocks will fall over 50%, he says, just as it has in previous bear markets. He predicts the next financial crisis will be the worst in his lifetime. While gold and silver have held up well during the sell-off over the last couple days, Rogers says the precious metals’ could fall. Lastly, Rogers talks commodities other than precious metals. He says sugar is 80 percent below its all time high... MORE JIM ROGERS VIDEOS...  

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petrodollar-collapse Venezuela is ready to unleash the Petro on Nov 5. Mattress Firm files for bankruptcy. NY Fed lowers the growth rate for the 3rd and 4th Q. U.S. Unemployment Rate Falls to Lowest Level Since 1969. The unemployment rate fell to 3.7%. Trump signals the end of the Petro dollar. When Trump warned Saudi Arabia this was phase I of destroying the entire central bank system.  

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Venezuela Has Officially Launched Its Oil-Backed Cryptocurrency

Venezuela has officially launched what its President Nicolas Maduro claims is a first state-backed oil-backed cryptocurrency, El Petro, which analysts and experts see as nothing but a scam and another effort to skirt sanctions and mask the inability to overhaul the ailing domestic economy. Over the past months, Maduro has been touting a new plan for economic recovery, which includes a new policy on gasoline pricing that would raise Venezuela’s ultra-cheap gas pricesfor the first time in two decades. The plan to ease the severe economic crisis also featured a devaluation of the currency and pegging the new bolivars to the Petro. Maduro claims that the Petro is strengthening his recently announced economic overhaul plan and will “revolutionize” the global crypto economy with a new form of trade, finance, and monetary exchange. The official public sale of the Petro - which Venezuela say is backed by oil, natural gas, diamonds, and gold—will begin on November 5, Maduro has said. According to authorities in Venezuela, the “Petro is an instrument to consolidate Venezuela’s economic stability and financial independence, coupled with an ambitious and global vision for the creation of a freer, more balanced and fairer international financial system.”

maduro-petrodollar Just a few months after Maduro first announced the idea of the oil-backed Petro, the U.S. prohibited in March U.S. dealings with any digital currency, coin, or token issued by Venezuela. Experts and analysts are skeptical that the Venezuelan cryptocurrency is really backed by oil assets and minerals. “Reaction from the cryptocurrency community has been a mixture of dumbfoundedness and anger,” Alex Tapscott from the Blockchain Research Institute told the BBC. According to Tapscott, there isn’t any proof at all to back up Venezuela’s claim that each unit of the Petro is backed by oil. Inflation Currently Running “There is very little technical information about it,” he told the BBC, adding that the launch of the Petro is eclipsing a more significant development in Venezuelan economy - the trade of Bitcoins in bolivars has soared since the start of the year as people are trying to keep the value of their money amid inflation currently running at 13,860 percent, as per IMF estimates.

PETRO DOLLAR RECYCLING

Jim ROGERS ;

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jim-rogers   This week, we are joined by legendary investor and world traveler, Jim Rogers. He shares his latest insights on the U.S. economy and the ongoing economic war between the U.S. and China. In this segment, economist/trading coach Jerry Robinson is joined by American businessman, financial commentator, world-renowned investor, and author Jim Rogers. The topics of their discussion include the reasons behind America’s declining status on the global stage, as well as overlooked investment opportunities around the world.  

Other topics include:

The Us Dollar Collapse 2018 - The catalyst for the rise in gold and the decline in the dollar. I believe, was the dovish speech given by Jerome Powell today in Jackson Hole. Whether or not the speech is perceived as dovishly as I believe it is. I think we’re going to have to see if we are going to get some follow through in the dollar and in the gold market next week. It is critical to see how the markets follow through to today’s actions. If I’m right, we could see a big move up in the price of gold next week. And a big move down in the dollar. ( The Us Dollar Collapse 2018 ) Hedge Funds Are Net Short Gold Remember we’ve got a lot of people who are short gold now for the first time since 2001. The hedge funds were net short gold and I think they could get caught in a losing trade and have to scramble to buy back the gold that they sold. Also, lots of people are now loaded up long the dollar, short the emerging market currencies.  But the impetus for this trade, the momentum, had to do with the bullish posture of the Fed . And the anticipation that the Fed will continue to raise interest rates and shrink its balance sheet.  

Strong Dollar Policy? There used to be a lot of talk about the so-called Strong Dollar Policy. We had the Strong Dollar Policy when Bill Clinton was President, George Bush; I guess when Barack Obama was President, as well. I’ve talked about it, I’ve written about it in Crash Proof, How to Profit from the Coming Economic Collapse; I talked about it like it was the Loch Ness monster. Everybody knows about it, everybody’s heard about it but no one has actually seen it.

►We Like the Strong Dollar. A Strong Dollar is Good for America

We didn’t actually have an official policy that constituted the strong dollar policy. It was simply talking about the strong dollar being in the national interest, and that was just the mantra that was repeated often by the Secretary of the Treasury or by the President. “We like the strong dollar. A strong dollar is good for America… and that pretty much constituted the policy.

►The Trend Was Your Friend

But nonetheless, having the belief that there was some kind of hidden strong dollar policy helped to create confidence in the dollar, even in periods of time when the dollar was declining. Perhaps it would have declined even more had it not been for the belief that there was some kind of strong dollar policy. And of course, when the dollar was rising, the “strong dollar policy” really helped add fuel to the increase because after all, you were riding the policy. So the dollar was going up and that was what the U.S. government wanted, so it was all good. The trend was your friend.

►Donald Trump’s Weak Dollar Policy

Well, it should be obvious that Donald Trump has a weak dollar policy, whether he wants to name it or not, that’s the policy. Of course, the weak dollar policy will not involve actually doing anything, just as the strong dollar policy didn’t involve doing anything, but I think the rhetoric will have the same impact in that when the dollar finally starts to fall, it will fall even faster when people think it’s a deliberate policy. PETER SCHIFF (August 22,2018)

Economic Collapse 2018. The retail collapse continues and it is projected that more stores will be going out of business. This is due to the fact that people just don't have the fund to purchase goods. Russia says that it cannot depend on the US dollar for international trade it is becoming unreliable. Trump is pushing the agenda of taking over the Fed and is now projecting what he is about to do, the central bankers, deep state and MSM are worried about this.

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Rob Kirby delivers a powerful interview as we go down the rabbit hole regarding the dire situation of the Dollar that no one likes to talk about. Also mentioned is the true valuation of Gold and the hope for prosperity for the next generation.

rob-kirby IN THIS INTERVIEW: Our way of life is changing Precious Metals are SHUNNED by the financial services When will Gold’s true valuation return? Is there hope for the next generation?