Jim Rogers - Mark My Words, The Dollar Will Disappear

The Euro isn't going to survive. There will be a politician in every single country that blames rising prices on the Euro, and the will take them out of the union. In a generation, Asia will have risen dramatically. There will be three blocs.

The American bloc, the European bloc, and the Asian bloc. The standards of living in America and Europe will stagnate or possibly decline in real terms, and the standards of living in Asia will rise. Asians won't uniformly become rich, but there could be a billion people that could live as well as we are now. The young European just wants to take it easy. They want to take a lot of holidays. Because of this, they won't get as much out of life. The Asians are just as smart and talented, and they work 365 days per year.

Europe always adapts itself to new realities, but Asia is working twice as hard. They are losing their prosperity. Europe is definitely losing ground on a relative basis, but their values will remain intact. Many cities throughout history have aged well. It is possible for Europe to age well. Tourism could become a huge industry. People in Asia might want to own a house in Europe. Venice may be sinking, but it has still held up rather well.

After the fall of communism, 3 billion more people joined the market economy. This has caused instability, but it will be better in the long run. Lots of politicians will bash Brussles because it will make them popular at home.

But the citizens will still want to remain part of the EU. For the next ten years, you will probably want to invest in the Euro or the Dollar. Ideally, you will probably want to be in the Euro, because the US Dollar has some major problems. Something needs to replace the Dollar. It will disappear in the next 20 years. America gets the politicians they deserve, and there have been some rotten politicians in the past few decades.http://www.youtube.com/watch?v=WDm1dBUvPgg&feature=related

“We Are Going To Kill The Dollar”

Investor Kyle Bass discloses his discussion with a senior Obama admin about how this economic crisis is going to
play out. The answer is to export our way out of this mess by making our exports cheaper by destroying the dollar in a global game of currency devaluation. This simply means that they are going to print more and more dollars until all of your purchasing power is destroyed and you will need more and more dollars to buy the same amount of goods. (ie. Massive Inflation.)
http://www.youtube.com/watch?v=OeIFcuVTS3U&feature=player_embedded

World’s Biggest Economies Face $7.6 Trillion Debt

Led by Japan’s $3 trillion and the U.S.’s $2.8 trillion, the amount coming due for the Group of Seven nations and Brazil,Russia, India and China is up from $7.4 trillion at this time last year, according to data compiled by Bloomberg. Ten-year bond yields will be higher by year-end for at least seven of the countries, forecasts show. Investors may demand higher compensation to lend to countries that struggle to finance increasing debt burdens as the global economy slows, surveys show. The International Monetary Fund cut its forecast for growth this year
to 4 percent from a prior estimate of 4.5 percent as Europe’s debt crisis spreads, the U.S. struggles to reduce a budget deficit exceeding $1 trillion and China’s property market cools.
http://www.bloomberg.com/news/2012-01-03/world-s-biggest-economies-face-7-6-trillion-bond-tab-as-rally-seen-fading.html

Basically there are only two ways to try to solve this humongous debt problem. One you either write of all debt - and that's then exit to our financial debt based system as we know it, or you try to inflate your way out of it.

In order for the first to happen you need systemic change, and then really a total new system change not the Obama fake "Change" nonsense and that then means not only a good buy to our financial system as we know it but in fact a good buy for good for all the institutions today supporting our current political system. Best guess is that is what is going to happen but that it will require some real effort and that it will take time.

In the mean time trying to inflate your way out of what then truly is a deflationary issue can only happen if you’re the only one trying to inflate. Given the ongoing and worldwide currency devaluation process that’s not going to make any significant difference in regards of getting of a debt burden. In fact what we now may see is e.g. China devaluation their currency within a not too long timeframe in order to try to adjust to weaker exports as both domestic as well as international consumption is about to shrink even further. Evident then that devaluation the dollar in such a scenario will lead nowhere.

Then and until real systemic change will happen and as the devaluation battle of fiat currencies ww continues what is needed to clear out the debt and get the economy going is a real "cleansing" war effort. That clearly now by the ruling elites the preferred short term "solution". People like e.g. Foreign Minister in Sweden Carld Bild is actively promoting this idea as is in fact everybody with the ambition to be part of the current political and financial system. As an example you cannot claim to be a serious contender for any candidacy for the US presidency if you’re not arguing "we need to bomb Iran".

Now were on the verge of trying at least to get rid of some of the debt and currency issues by killing of Iranian children, women.

In the meanwhile real systemic change is what will happen. Only question is what will replace it? Watch our for people promoting "Democracy" when what in fact what is desperately needed is real "Rule by Law". The ongoing process now in the "developed" economies is "privatization" in a process promoting nothing else than oligarchy.

What is in store for us in 2012? Will the revolts turn into real revolutions? And what impact will it have on the economy? Will the year 2012 bring a second term to Barack Obama? And will the euro survive? Peter Lavelle is joined by Mark Levine from CA, Mark Levine from DC and Jeffrey Sommers.
http://www.youtube.com/watch?v=UzxiIENIDPg&feature=player_embedded

UK plunges into moral, economic decline

Tarpley: I would just like to say that the secessionism is the ruling class program, the busting up of the nation's sates into impotent entities is exactly what they want under the IMF [International Monetary Fund].I think Britain right now is threatened by the fact that if we get a European banking panic in the next couple of months that would bring down the city of London in a panic and at that point Britain has almost nothing left.I mean, here in the US we still have some farm production, we still have a few factories left but the deindustrialization of Britain is gone so far that if the city of London collapses, you have a really grim scene with terrible danger.
http://www.presstv.ir/detail/218001.html


Must listen to podcast – shocker prediction for 2012 – UK’s debt’s worst in G20 with no gold – “If there is a crisis in 2012, it will be Sterling, not the Euro or Dollar.”
http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2011/12/31_Jim_Rickards.html

Annual New Year's Eve economic forecast with Karl Denninger

Karl Denninger returns to On the Edge for his annual New Year's Eve forecast. First, he lists what he sees as the biggest stories of 2011 and forecasts the biggest trends, for 2012. Karl Denninger is the former CEO of MCSNet, a regional Chicago area networking and Internet company that operated from 1987 to 1998.
http://www.youtube.com/watch?feature=player_embedded&v=Qj9yKJNwLHI#!

Ann Barnhardt: The Entire Futures/Options Market Has Been Destroyed by the MF Global Collapse (originally aired 12/01/11)

In what is now the most listened to and popular interview Jim has ever conducted, previous futures broker, Ann Barnhardt, tells listeners that the collapse of MF Global is a huge warning sign that spells utter ruin for the markets and investors.
http://www.financialsense.com/financial-sense-newshour/guest-expert/2011/12/30/ann-barnhardt/the-futures-options-market-destroyed-by-the-mf-global-collapse

Election Fraud Galvanizes Russian Opposition, Communist Party 20 Years After Soviet Union’s Collapse

Allegations of widespread fraud in the recent elections that gave Prime Minister Vladimir Putin’s United Russia party a parliamentary majority have galvanized massive street protests in opposition to the Russian political establishment. This comes on the 20th anniversary of the breakup of the Soviet Union. "The reason that the people who control the financial oligarchy in Russia don’t want free elections is they know that if they had free elections to a parliament, the people would vote for candidates pledging to confiscate their property," which was privatized in the 1990s, says Stephen Cohen, professor of Russian studies at New York University. He notes, "though these elections were not free and fair, they were the freest and fairest in 15 years," and that members of the country’s middle class make up the bulk of the protesters. Cohen also argues the American media has failed to report on the resurgence of the Communist Party, supported mainly by working-class voters in Russia’s vast provinces, which could challenge Putin in the 2012 presidential race and force a runoff election.
http://www.democracynow.org/2011/12/30/election_fraud_galvanizes_russian_opposition_communist

Gerald Celente on the Smoking Gun Behind MF Global

Jim welcomes Gerald Celente to discuss the MF Global debacle and the missing client funds. Gerald himself was a victim of the collapse and believes there is a "smoking gun" which reveals the fraudulent nature of MF Global.

http://www.financialsense.com/financial-sense-newshour/guest-expert/2011/12/29/gerald-celente/the-smoking-gun-behind-mf-global