6 MINS AGO! "This Has NEVER HAPPENED BEFORE IN AMERICAN HISTORY" - Jim Rogers

Added: 2026-06-02

[00:00:00]Guys, you know, it's been what 14 years since we had a serious bear market in the United States and I'll use United States since it's the largest market and that has never happened in American history.

[00:00:14]We've never had such a long period without serious economic and financial problems. [music] So, whatever is happening, we're getting towards the end. We see some of the signs. Inflation is rising again. Interest rates are rising again. We see new entries coming into the new investors coming into the market and they call up their friends and say, "I've discovered this new thing called the stock market and it's fun and you can make money and it's easy. It's easy to make money." And so, all the signs that have the world has seen many times before are happening again.

[00:00:53]I don't know how much longer this will go on, but I do see worrying signs for the markets and therefore the world economy. Well, it always has been able to. I mean, if nothing else, the Federal Reserve just print more money and they'll buy them up. I mean, I'm not suggesting this is good, [music] but that's the way at the moment, anyway, the system still works and the US can print and spend and borrow and spend. That will someday come to an end or someday people will be on TV screaming about it, but not yet. But when when you see it, guy, when you see on the evening news that the man in the street is worried about all the government debt and the interest rates are going higher and higher and the guys are saying, "I don't care. I'm not going to borrow any I'm not going to lend them any more money."

[00:01:46]Then you'll know the crisis is here.

[00:01:48]There's gigantic amounts of off-balance sheet debt in the US which will surpass I mean, maybe Japan has a lot of off-balance sheet [music] too. But, to answer your question, yes, this worries me. I mean, the Bank of Japan every day the guy goes to the goes to work and prints money. He prints more money and prints as much as fast as he can. He's a good Japanese bureaucrat.

[00:02:12]He does what he's supposed to.

[00:02:14]>> [music] >> And this is going to lead to many, many problems, not just in Japan, not just in the US, everywhere. Guy, you're in Germany. Even the Germans have problems now. There are German cities that have big debt problems. Germany.

[00:02:29]My gosh, in my lifetime that Germany was the paragon of virtue.

[00:02:33]Not anymore. Well, the thunder around the world, Guy, I see that stocks in most countries either are or have been >> [music] >> at an all-time high or near making making new highs. The bonds and bonds have never been this high in the history of the world. So, bonds are certainly a bubble.

[00:02:52]So, what's left? Like property? Yes, you can invest in property, and in some places it's great, but many property markets, New Zealand, Korea, I mean, there are many property bubbles going on around the world.

[00:03:05]I really only leave commodities that are cheap. I mean, silver is down 60% from its all-time high. Sugar, >> [music] >> down more than 60%. So, the only asset class that I see where there really cheap entities >> [music] >> are commodities. That doesn't mean you can't lose money if you buy them, but >> [music] >> that's the only place I see on a historic basis cheap prices.

[00:03:33]I guess US stock prices make me unhappy to use your words because they're the bubbles developing. I mean, Apple goes up every day.

[00:03:45]You know, it's been a great country company. That does not mean it's going to be a great stock forever. Well, since we're talking about the markets, the most worrying sign are all the new entries and their hister developing hysteria which is taking place. These are signs that happen at the top of markets. It's happened many times. If you haven't experienced it, you might have read about it. And that's what's worrying me probably the most because markets can go up and down and do all sorts of strange things, but eventually it's the investors who call the tune.

[00:04:22]And if we have a lot of speculative new and speculative uneducated or inexperienced, I guess is the better word, inexperienced investors, it worries me.

[00:04:33]Doesn't make sense to me. I've seen this movie before. Not the first time I've I've been to this rodeo, you know. There were back once upon a time there was in the market there was the Nifty Fifty. And the wisdom was you buy these 50 companies, you don't ever have to worry about the stocks. Just buy them and forget them.

[00:04:53]Uh you know how that wound up. Uh but this has happened often in history. In the '20s, Radio Corp of America, I mean, my radio was new and it was a gigantic [music] stock. Stock went straight through the roof always every week every day. I mean, 1929 came along and ended that story. Well, I mean, this has happened before, Guy.

[00:05:16]Uh all these young I should say not young but inexperienced investors coming in and talking about how easy it is.

[00:05:25]It's not the first rodeo.

[00:05:28]I don't The market is not telling me The market I hope will tell me when to buy it, but someday I'm going to see everybody's negative on silver and talk about how it always goes down and blah blah blah.

[00:05:41]If that happens, that the market will tell me to buy. But silver's used in solar energy, you well know, and in many other things. Uh I'm not sure when I will buy or what the catalyst will be. I just hope I'm smart enough to buy it before it skyrockets again.

[00:05:58]Well, the most important advice information for any investor is [music] don't listen to the TV, don't listen to the radio or the newspaper. Just invest only in what you yourself know a lot about.

[00:06:13]Now, and everybody watching this knows a lot about something, whether it's cars or fashion or something. And that's where you become a successful investor.

[00:06:22]Stay with what you know. But people will tell you, Kai, oh but that's boring.

[00:06:27]Be boring. Be boring and invest in what you You will see major changes before I will because you look at it every day. It's your passion. And that's how you become a successful investor.

[00:06:41]Don't listen to hot tips.

[00:06:43]A very strong word of advice is Kai, everybody wants to be rich this week. Me too.

[00:06:50]But don't listen to hot tips.

[00:06:53]Jim Rogers gives a candid and cautionary reflection on the current state of financial markets. He starts by highlighting a significant statistic.

[00:07:02]It's been 14 years since the last serious [music] bear market in the United States, which is unprecedented in American history. This sets the stage for a discussion about the signs pointing towards an imminent [music] downturn. Jim Rogers notes the resurgence of inflation and rising interest rates as key indicators.

[00:07:19]There's a concern about new, inexperienced investors entering the market driven by excitement rather than knowledge. This influx often precedes market peaks, historically leading to speculative bubbles. And then Jim delves into broader economic issues, such as government debt levels, and the potential consequences of excessive money printing. The speaker draws parallels to historical market collapses like the Nifty Fifty in the 1970s and the 1929 crash, cautioning against complacency amidst market exuberance. He identifies commodities as possibly the only undervalued asset class, contrasting with overinflated stock and bond markets. The emphasis on investor education and staying within one's expertise emerges as a key takeaway, advice grounded in experience and skepticism towards media-driven hype.

[00:08:10]Overall, Jim Rogers provides a sobering perspective [music] on the current market euphoria, suggesting a potential downturn looms on the horizon due to unsustainable market conditions and speculative behavior.