3 Minute Gold News
A synopsis of an interview of Jim Rogers with Daniela Cambone-Taub of Stansberry Research.
Jim Rogers is a legendary international investor and author of A Bull in China: Investing Profitably in the World’s Greatest Market, A Gift to My Children: A Father’s Lessons for Life and Investing, and Street Smarts: Adventures on the Road and in the Markets.
Topics:
Ukraine
U.S. Dollar
Reserve Currency History
Digital Currency
Recession
Commodities
Silver & Gold
Fed Stocks
Bitcoin
Knowledge
Taiwan
Gold
synopsis by Elaine~
UKRAINE
In 2014 the US state department instigated a coup in Kiev, and now we’re paying the price for it.
The US has been trying to move NATO to the Ukraine ever since.
It’s madness and this war should not be happening.
Back in 2008, the US said they were going to put Ukraine and Georgia in NATO.
Suppose Russia made an alliance with Mexico and started putting troops there?
The US would send troops down to run them away, just like they did with Cuba.
US DOLLAR
What is happening with the US dollar now is the end of the US dollar.
An international currency is supposed to be neutral, but in Washington they are now changing the rules.
So now everyone is frantically looking for something to compete with the dollar.
The Chinese, the Russians, the Indians, the Brazilians and the Iranians are all workiing frantically to come up with something to compete with the US dollar, for political as well as economic reasons.
The US is the largest debtor nation in the history of the world.
The US dollar will no longer be the world’s medium of exchange as the international currency.
This isn’t good for the US and it isn’t good for Britain, who used to have the world’s international currency.
When Britain lost that status they lost a lot of things.
RESERVE CURRENCY HISTORY
No currency has lasted forever and no number one currency has lasted forever.
Every time the world has had a currency that was the medium of exchange it lasted 70, 80, maybe 150 years.
They all changed.
The US has been on top for a while but it is now the largest debtor nation in the history of the world. And now the US is using the dollar as an instrument of war.
Now anyone who thinks they might cross the US government one day doesn’t want to use US dollars.
Jim doesn’t think he’ll ever want to cross the US state department but now he worries.
Now he’s looking for some other place to keep his money.
DIGITAL CURRENCY
There’s no question that at some point all currency will be on the computer.
Every country is working on it.
But once the country’s currency is digital they won’t want to lose control that comes with monopoly by letting citizens use other forms of currency.
RECESSION
It’s been 12 years since the last recession and that’s the longest in American history.
It could go on but it hasn’t before.
With inflation, which will drive interest rates higher, we’re going to have a recession in the foreseeable future.
When that happens some will get hurt.
UKRAINE
Something is going to happen to calm down the situation in Ukraine fairly soon.
It’s not doing anybody any good.
If it happens and Putin saves face then it will lead to a big stock market rally.
It will be the last rally and I hope I’m smart enough to sell that rally.
COMMODITIES
Commodities will probably rally for a while now.
They were in the tank for a decade or more while people put their money into bonds, stocks, and in some places real estate.
There are changes happening, for example electric cars use four times as much copper and lead as regular cars.
So the demand for a lot of commodities will be going up.
GOLD AND SILVER
Jim says he’s an old peasant and that us old peasants know we better have some gold and silver when things go wrong.
Jim isn’t buying precious metals at the moment but if he was he’d be buying silver.
Gold is at an all time high, but it hasn’t been sitting in the corner doing nothing.
When gold and silver calm down Jim will be buying both.
FED
The Fed is in crisis and has rarely been right in their history.
Throughout history moneyprinting, and borrowing and spending huge amounts of money has always led to inflation.
We have inflation now and it’s going to get worse.
That will lead to higher interest rates and all of us paying more for a loaf of bread.
STOCKS
If there is this one big rally then many stocks will go up through the roof and then collapse.
Jim holds US dollars right now, but if things go as he believes then he will begin shorting.
You can make a lot of money or lose a lot of money by shorting, but if you know how to short then it’s a way to protect yourself and prosper.
Agriculture is a disaster and there are fundamental changes happening in supply and demand.
Jim points towards owning real assets, owning commodities, selling short, and having cash.
But you have to have the right cash, as many currencies will go down a lot.
See if you can find markets that are depressed.
Jim likes to look at places that are hated.
BITCOIN
If you know about trading, and you’re good at it, then go ahead and trade Bitcoin.
Jim doesn’t invest in it because he believes that governments like monopoly, and that they’re all working on their own computer money.
When the US government declares its CBDC (Central Bank Digital Currency) as money then it’s not going to let people use Bitcoin.
If crypto is successful then Jim suspects it will be outlawed, or banned, or regulated.
Jim calls himself a terrible trader so he doesn’t even try to trade Bitcoin.
KNOWLEDGE
We’re going to have some very complicated times in the next few days.
A lot of people and countries are going to go bankrupt,
But if you’re knowledgeable you might become prepared and you might make a lot of money.
A lot of people came out of the Great Depression rich.
The key is to be prepared and know what you’re doing.
Don’t listen to “hot tips”. Just invest in what you yourself know a lot about.
A lot of people are not going to survive the coming bear market.
TAIWAN
Jim does not believe China will invade Taiwan.
China has had a long history with internal wars but very few international wars.
They believe if they’re patient they will have Taiwan.
The problem, says Jim, is that Xi has become impatient and wants to do something while he is still alive.
Maybe he thinks it would be good for him and that’s a problem.
The main lesson of history is that very few learn the lessons of history.
GOLD
Both Russia and China have been adding a lot to their gold holdings in the last three or four years. Maybe they’re getting ready.
They know what Washington is doing as far as the US dollar is concerned.
If it gets so bad that Russia has to sell its gold then it’s so bad there may even be a coup.
They have enough oil and wheat and other things they can sell.
Gold would be one of the last things they would sell.
Nothing on this site is investment advice. We’re all watching which way the wind is blowing.~
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My THOUGHTS…
“Minerva’s owl begins its flight
only in the gathering dusk.”
– Hegel 1821
There is a wisdom that only comes at the twilight of an age.
The truth of it was always there, but the intensity and realization of impending loss brings it into sharper focus for the many.
As Marshall McLuhan said in his book Gutenberg Galaxy:
Print, in turning the oral language into mass media, or closed systems, created the uniform, centralized forces of modern nationalism.
We were a a society of roles with an interplay of communication before the mechanical age brought us the phonetic alphabet and then the printed book.
We were needed and we needed. We thought and lived as a dynamic, ever changing, living society, and we used all our senses to experience fully who we were together. We felt light and understanding through us and not just upon us.
Print, for the first time, left us alone to use our eyes to decipher symbols into sounds, and then string those sounds into words, and finally decode it privately into meaning.
We did this alone. We do this alone. In our minds we come to a unique point of view based on decoding the squiggles we read. This was brand new.
Perspective came with the print era. Before the printing press paintings was 2D because the viewer understood perspective as a group creation. All senses were involved in living. The space between things and people was not empty. And you all hear each other in a village.
And now. Now. Now has come the reverse. It began with the first mass medium, the telegraph, and moved through radio, TV. And mess media, the moving of a message from one – to – many reached its limits.
We are now in the electric age of many-to-many. The switch is flipped and the entire area is flooded with information, with light. We see it all at once.
All forms of communication have gone through this change, from email, to books, to music, to video, and now final steps.
Money.
How do those with control keep that control when the centralized, mechanical world of money is switched to the decentralized world of instant on?
They are trying. They are using every tool in the box to choke the bridges of passage and take their toll at each booth. Or to blow the bridge.
The twilight gathers.
The darkness comes before the light.
The Greek Minerva’s owl, or the Roman Athena’s owl is taking flight.
Will enough see the wisdom of the hour?
Beating, beating I can hear their drums. I can see the tail wag the dog. Many see. The world is beginning to see and now living the deep experience of the decentralized interplay. I believe those in power may be too late. They couldn’t have foreseen it because it was not in print.
Such is the blindness of only seeing with the eyes.
Minerva’s owl begins its flight
only in the gathering dusk.
Elaine~
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Thank you to Jim Rickards for including me in his bestselling book The New Case for Gold.
Thank you to Mike Maloney for including me in his bestselling YouTube series Hidden Secrets of Money.
Coins and Crowns
words and music Elaine Diane Taylor
SOCAN/ASCAP
from the album Coins and Crowns
Coins and Crowns is featured in Episode 1 of Mike Maloney’s documentary series Hidden Secrets of Money with over 5 million views.
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Wag the Dog
words and music Elaine Diane Taylor
Beating, beating
I can hear their drums
Beating, beating
I can see there’s blood in the streets
there’s marching fiat soldier feet
waving flags
false
friends
fist shaking
earth
haarps singing
God, God, God
Opium for masses
Mideast oil a and gas
and backroom banker passes
tongues and tails wag the dog
when all else fails
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Not Much of a Holiday (Bank Holidays and Media Persuasion)
words and music Elaine Diane Taylor
Single available on iTunes and wherever you like to purchase your music.
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A Terrible Breeze (War and Social Media)
The news comes down
A little bluebird sings
Words of war
Fire and furious things
Of testing might
‘Til no patience knows
If keeping still
Still keeps you safe at home
It’s a terrible breeze
They speak of today
Of threats that used to live a world away
We all know wind
Can blow both ways
And a terrible breeze can blow it all away
A worldwide net
Sees our village grow
Until we all forget
What each one used to know
How a blind bird’s wings
Can reach the shore
And turn the wheel of peace and war
Village fools sinking down, down, down
Debt and gold wound in numbered shrouds
Deal of a life it’s bread and clowns
Can we afford another go around?
The news comes down.
It’s a terrible breeze. The news comes down.
words and music Elaine Diane Taylor
Single available on iTunes
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Preparing for the Fall live boutique album available for digital download — featuring Wag the Dog, Black Swan Dive, American Pie and Gods of the Copybook Headings. Also available on iTunes, Google Music, Amazon Music and major digital distributors.
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The Gods of the Copybook Headings
words by Rudyard Kipling and music by Elaine Diane Taylor
from the album Preparing for the Fall.
The copybooks of the early 1900s gave us all the wisdom we need. The sayings that were copied are the truths, the gods, of our world. All the empires who followed the gods of the marketplace instead have fallen, and there’s terror and slaughter when the gods of the copybook headings return. The lyrics are by Rudyard Kipling. One of my gurus.
Another Week on Wall Street
words and music Elaine Diane Taylor
from the album Coins and Crowns.
“A little grease (Greece) is floating out to sea, and little pigs (Portugal, Italy, Greece and Spain) are bobbing up and down, they’ll send a storm and we’ll see, when the tide goes out who’s naked on the beach“.
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Elaine Diane Taylor 