Legendary investor Jim Rogers has been warning about “the ocean of artificial liquidity” as a result of the unprecedented money printing by central banks around the world for quite some time now.
But with the U.S. stock market at an all-time high, his cautionary words seem to have hardly been heeded.
In a recent conversation with China Money Network in Singapore, the chairman of Rogers Holdings and co-founder of the Quantum Fund, again sounded the alarm in his usual tireless manner.
“When it ends, we will all pay a terrible price,” says Rogers.[amazon asin=B00KN0K6EM&template=*lrc ad (right)]
It is true that Rogers warned about the U.S. debt problem back in 2003. At that time, he also foresaw the coming of the U.S. housing collapse. He was at least four years early.
But do not read his latest warning as a prediction. As he often says, he doesn’t know what’s coming in the future.
Read it as an advocacy for an alternative attitude that is unpopular at the moment: the attitude of awareness that we are in this “artificial period” and it will end one day; the attitude of fearfulness that there will be more turmoil in the next ten years; the attitude of preparedness, that includes stocking up some extra food, a spare flashlight, and gold coins — instead of gold bars — for when the time of emergency comes.
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