Jim Rogers explains why massive debts and the greedy currency manipulation by central banks and our Federal Reserve will inevitably lead to systemic collapse.
The reaction before the crash is low interest rates as a financial stimulus to borrow and spend. But once faith in the currency and the government begins to unfold, the collapse in confidence leads to a collapse in the paper I.O.U.s we call money. Hyperinflation will come to the entire world. Jim isn’t trying to predict the timing, just the inevitable result. He has sold short on America and its stock market; he is more bullish on Russia. Jim warns us to prepare by owning REAL goods like agricultural land, tangible goods, precious metals… “Eventually, gold will go through the roof.”
If the situation gets desperate enough, chaos, social unrest, martial law, dictatorship, and war are likely. China will probably come out on top. Jim recommends teaching children Mandarin Chinese.
Collapse could even happen in the next few months in 2016 and still fit my interpretation of end times Bible prophecies…