"The Next Bear Market Is Going To Be A Nightmare" — Jim Rogers' Last WARNING

I am worried maybe you're not worried but I'm extremely worried because I know the next investment crisis is going to be the worst in my lifetime I'll use America since that's the largest stock market the American Stock Market has been going up for the longest in American history never in American history has the economy and the stock market done so well for so long maybe it's going to go on forever Washington says it will don't worry but when Washington says don't worry I worry as far as investing is concerned I worry a lot as far

as my investments are concerned I have sold nearly all socks all over the world the only places I still have shares or China China stock market is depressed it's one of the few stock markets in the world is depressed and usbekistan bistan an old Soviet whatever they call it Soviet economy which was ruined by the Russians now it's changing so usbekistan may be an extremely exciting place to make money China may be too so other than that I am worried about the world I will repeat the US Stock Market has had no problems for the

longest in American history so I'm very very worried about what to do with my money I have a lot of cash and I have the cash mainly in US Dollars the reason I have it I mean the US is a terrible place as far as fundamentals us is the largest deor nation in the history of the world and it's getting worse every day so you will Pro you should say well why do you own US Dollars and the reason I own US dollars is because when the turmoil comes people will look for a safe haven

and many people that think think the US is a safe haven it's not we're the largest detor nation in history but because people think it's a safe haven the US dollar would go up if it happens that way I'm hope I'm smart enough to sell and now one of these smart panelist is going to say but what are you going to do with the money then and I don't have an answer I don't know where to put my money when I sell my US dollars so we will listen to them to find out don't you

get tired of staying in China because the stock market has not been great in recent times and you know people say cin ping doesn't like business and probably he has a say on what happens in China so what drives your continued optimism about China I will hasten to tell you again I make many mistakes and I have made many mistakes in my life if you want me to I will tell you about my first wife oh my God what a mistake that was so I have made many mistakes but as I look around the world

China is one of the few countries if not the only which is rising China has had in its history has been on top three or four times it is collapsed three or four times in history in my view it is now Rising again and the Chinese market is depressed most stock markets around the world at the moment are at their all-time high or near their all-time high China is depressed that doesn't mean it's a place to buy but as far as I can see Chinese government is trying to revive the economy and to revive the

country and I don't see any other markets that are depressed enough for me to buy the United States has at an alltime High the Japanese Market was down for 35 years that is not not a typo 35 years now it's gone up it's making new highs again I sold my Japanese shares I sold them too soon but I don't see many markets now that are depressed other than China so I for the most part have not investing in shares in many places around the world but China is depressed does that mean I'm right of course

not of course not but it is depressed and maybe I have some a little bit of protection because it is depressed so just spending one more minute about this you said it's a depressed Market that assumes it's a market when we look at the share of private sector companies in listed market caps in China actually that goes down not up if you look at the last three years uh the share of SES in the market cap aggregate market cap of the top 100 listed Chinese companies has gone sharply up not down are you confident it's

the market I'm not confident of anything can't tell you I'm always worried I'm always afraid when I make an investment oh my gosh am I going to make a mistake no I wish it were that easy wouldn't it be wonderful if I could just buy shares and know that I will make money no I'm always worried and I am worried about my Chinese Investments right now but if I look at Japan if I look at America these are two major economies where the stock markets at an all-time high China is not at an all-time high

is that mean I'm going to make money of course not but I don't see any other markets in the world right now that are somewhat down so my next question is not about usbekistan it's about the US and you alluded to the ability of the US to be the safe haven that people come to when there is a crisis one ask aspect of that is what now late French Minister called the exorbitant privilege the fact that the US can borrow a lot and there's always a demand for its debt now the US is making a

lot of use of its exorbitant privilege these days the deficits are out of control the debt is out of control the fiscal situation is unsustainable on basically any reasonable yard stick if it's unsustainable will it continue to be sustained first of all you use the word Safe Haven I don't ever use the word safe when I'm talking about Investments I don't know anything that's safe if you do hooray tell me write it down give me a note no there's no such thing as a safe haven safe investment when you're talking about money and investment so

my strong advice to all of you is only invest in what you yourself know a lot about if I tell you to invest in usbekistan and you cannot find usbekistan on a map do not invest in usbekistan stay with what you know I am American I know a little bit about America but I know that the American Stock markets at an all-time high I don't like to invest in things that are an all-time high I know your parents taught you to buy low and sell High I there many markets in the world I mean I

invest in Commodities at times but even Commodities I mean gold is at an all-time high gold has never been this high if you want to invest in Precious Metals I would suggest you invest in silver I own silver I would buy more silver today but silver is down 40% from its all-time high gold is at an all-time high I own both but I would buy silver today because if the world has a big problem again many people will go to Precious Metals I'm an old peasant and all of us peasants know we need some silver

in the closet we need some gold under the bed but there are other things cotton wheat oil many other kinds of Commodities and in the world in which we live today I had rather own Commodities than stocks in most countries in the world but their bonds their currencies you can invest in US dollars if you want to invest in currencies I hope all of you will learn about the other Investments besides just stocks in Korea or stocks in America CU there are many ways to make money and I would urge you to start thinking about

maybe some other things where in the world at this point do you see Financial stability risk well I will go back to the world right now most financial markets are booming and in my experience when everybody's happy it's a a time for me to worry the one of the few places that I know is usbekistan usbekistan was a Soviet Republic it was ruined by the Russians it was ruined by the Communists but now there's a new crowd of people in usbekistan who are running things the way that Mia would run things maybe that's right maybe

not but if you cannot find usbekistan on a map do not invest in usbekistan you must invest in what you know if you're going to be successful I'm going to use the us since that's more neutral for most of your audience us has not had a problem since 2008 2009 that's the longest in American history so America and therefore the world is long overdue for a problem and I will say to you I have a lot of cash the reason I have a lot of cash is because I expect the next sell off to be

the worst in my lifetime because the debt has gone up by so very very much everywhere even India has debt now so you should be worried I am worried I am waiting for this collapse to come because I know it's going to be very very bad maybe it's here I don't know I am not buying uh what I see here because I as I said I expect the next collapse to be the worst in my life lifetime we are overdue it's been many years since America's had a problem you know the world markets have had

problems every few years for centuries It's Not Unusual India has been very strong but everybody has been very strong except China so we're overdue I am worried maybe you're not worried but I'm extremely word because I know the next investment crisis is going to be the worst in my lifetime usually there's no specific event which causes a market to top and start going down I don't know a specific event except the market is all markets have been going up for many years the Indian markets at an alltime high alltime high that's true of many markets

around the world so when everybody's having a good time it's the time to start worrying well often I know what people think but often when markets start going down everything goes down gold silver everything now gold and silver often make the first bottom and start going up before the stocks do so this is not unusual for me I own gold I own silver as you know but I'm not buying now I'm waiting for a better chance I hope I have a lot of cash I am not spending my cash yet I would like to have

more cash because as I to repeat when the next Market collapse comes it's going to be the worst in my lifetime because things have been so good everywhere for so long always in history when everybody's making a lot of money it's a time to worry and so I am worried I have some silver and I do have my silver challenge yes yes yes I'm drinking tea so is that where money is to be invested right now other than the cash pile that sitting on everybody has to put their money where they want I would rather

have it in silver than many other things right now and why is that why is that for many years now you've liked silver why is that well silver is down 40 or 50% from its all-time high many things the Indian stock market is making all-time highs gold is making all has been making alltime highs Silver's down it's hard to find things that are down Silver's down China's down some agriculture's down but most things have been going up and been very strong my preferred asset class well if I can find a stock market that's down very

very few only China's down that I know of so there are very few stocks that are down if I were buying today and I'm not I would probably buy silver or agriculture you have been around a long time you know that whenever something is cheap it's always a good reason the Bears always tell you many many reasons that things should be cheap make your own decisions and I will tell you whenever a market goes down there will be many bears that will tell you why why it's going down and why it should stay down you

have to figure it out for yourself I had rather buy than sell many things right now I'm not doing either I'm sitting here with a lot of cash a lot of cash in US Dollars I own silver I own gold if I were buying something today I would buy silver when markets go down everything goes down for a while uh so agriculture will go down silver will go down oil will go down but what if you want to make money you have to figure out what is going to come go back up first and in

my view it will be agriculture it will be silver you know but everybody has been very very strong the American Market had its longest bull market in history it started in 2009 this is 2024 it has never lasted so long in American history well I've been optimistic about agriculture because agriculture has been depressed I know you I know your parents thought you to buy low and sell High agriculture's been depressed does that mean it's going to go up of course not but I had rather looked for opportunities in agriculture than in the Nifty 7 in

America well I own US dollars because when the turmoil comes people look for a safe haven many people in the world think the US dollar is a safe haven it's not but people think it is so I still own a lot of US Dollars somewhere in this turmoil the US dollar is going to go up I hope I'm smart enough to sell it now I know you're going to say to me what should you what will you buy I don't know well if I were buying something today if today were the bottom I mean the

top of the US dollar I would buy silver but I don't know I doubt if this is the top of the US dollar if we go into a bare Market in many countries the US dollar is going to be much stronger and I hope if that happens I hope I'm smart enough to sell the US dollar but but I do not know where I'm going to put the money well I have sold most of my shares everywhere in the world uh a few places I still have shares so I don't have anything I want to

sell as far as I because I have so much cash in US dollars right now but I have not sold short you ask a very good question I hope I'm smart enough to sell start selling short and when I start selling short I will sell those seven or great stocks in the US that have been so very very hot but I am not selling short yes maybe because I'm lazy maybe because I'm not smart but I have not sell I will not sell India short I will sell the US short