Markets: I Am Very Pessimistic

I am very pessimistic about what is going to happen in the world. Asia, Europe, America, the central banks have been printing for 8 years now, interest rates have gone to nothing. I t never happened in world history that you had all major central banks; Japan, Europe, Britain, America printing huge amounts of money, driving interest rates to absurd, artificial levels. It is going to end and when it ends we are going to pay a very serious price.

Jim Rogers is a legendary investor that co-founded the Quantum Fund and retired at age thirty-seven. He is the author of several investing books and also a renowned financial commentator worldwide famous for his contrarian views on financial markets.

We Are Going To Have A Serious Crisis In The U.K.

We are going to have a serious crisis in the United kingdom. The U.K. has huge debts, the U.K has a huge balance of trade deficit, the U.K. has a huge government deficit and if Scotland leaves, which they say they might, that takes the oil, a lot of the oil. They are not going to leave the oil behind. England loses a lot of its income at that point and as that develops the City of London, the financial district will come under more pressure, the Europeans are already saying, "we are going to take our financial businesses away from London now. Paris, or Frankfurt or Amsterdam or same place else is going to take a lot of that business.

The U.K. is going to be like Portugal or Poland, those were great countries once upon a time.

Jim Rogers is a legendary investor that co-founded the Quantum Fund and retired at age thirty-seven. He is the author of several investing books and also a renowned financial commentator worldwide famous for his contrarian views on financial markets.