Famous investor Jim Rogers made a terrible bear market estimation in a new interview. Rogers says he’il be the worst he has seen in the life of the next bear market.
Jim Rogers is waiting for the worst month market of his life
Together with George Soros, the master investor Jim Rogers, who founded Quantum Fund, says he expects the next month market to be the worst of his life. “You should be extremely worried. If you’re not worried, you don’t know what’s going on,” he said in an interview with Real Vision last week. He also added that all markets, including crypto currencies, will have problems.
80 -year -old Rogers is the former business partner of George Soros’s Quantum Fund and Soros Fund Management. Experienced investor, in disaster forecasts, “The next month market will be the worst of my life. Because the debt has increased an incredible amount in the last 14 years.” says. It is generally based on economic developments in the United States.
80 -year -old investor is worried about the US situation
Rogers reiterated the previous statement that the US had lived a bear market due to excessive debt in 2008. He drew attention to the fact that the worldwide debt level has been jumped since 2009. “We should always worry about Washington. They have no idea what they are doing. And they prove it every day,” he says.
The famous investor also believes that the US dollar will lose the status of the world’s reserve currency. While discussing the tendency of global de-dialarization, he emphasizes that many countries are actively looking for alternatives to the US dollar due to concerns about the important debt problem. He also mentioned that the turning of US dollar into weapons was incentives to reduce confidence in the US.
Rogers shared that he was looking for an alternative to USD every day because he knew that olur there will be bad things in the foreign exchange markets in the next two or three years ”. Recently, as the countries seek alternatives to the US dollar, the US dollar’s time ended.
Senior investor expects to increase interest rates worldwide. “The world has not seen debt, expenditure and money printing as in recent years. So this time something will have to be very, very destructive,” he says.
Jim Rogers drew attention to these assets for the bear market
Rogers previously emphasized 3 investment tools for crisis periods. Experienced investors draw attention to silver, copper and agricultural products. Kriptokoin.comRobert Kiyosaki, another financial expert who is expected to collapse, includes gold and Bitcoin in this list.
