Jim
Rogers
rejoins
the
show
from
his
Singapore
office
with
his
latest
market
commentary.
The
crude
oil
market
appears
to
be
building
a
bottom
-
he
expects
the
low
to
emerge
this
year
representing
a
buying
opportunity.
Jim
Rogers
finds
value
opportunities
in
the
base
metals
and
other
commodities
sectors.
While
the
US
equities
markets
rally
is
impressive,
our
guest
points
to
financial
history,
noting
that
3
rate
hikes
spells
trouble
for
equities.
Given
investor's
distaste
for
US
Treasuries
in
recent
months,
the
go-to
asset
class
could
be
come
cash,
Greenbacks,
US
dollars.
The
US
dollar
registered
a
convincing
technical
bottom
in
the
weekly
chart
last
week,
suggesting
that
the
uptrend
could
resume
in
the
dollar
bull
ETF
(UUP).
Jim
Rogers
is
concerned
by
comments
from
the
new
Administration
suggesting
the
potential
for
trade
wars,
typically
ending
with
few
winners.
The
discussion
includes
the
pressing
issue
of
financial
safe
havens.
The
PMs
gold
/
silver
backed
cryptocurrencies
such
as
SilverBit
/
GoldBit
offer
some
of
the
benefits
of
both
currencies
in
one
instrument.
Charles
Hughes
Smith
from
the
Of
Two
Minds
blog
returns
with
commentary
on
the
US
economy
/
financial
markets.
US
corporate
buybacks
data
indicates
that
near
zero
interest
rates
has
enabled
thousands
of
firms
to
issue
debt
at
low
rates
used
to
support
share
prices.
The
financial
slight
of
hand
is
based
on
the
concept
of
rising
corporate
earnings.
According
to
work
by
David
Stockman,
debt
is
the
primary
means
of
economic
growth.
Currently
the
national
debt
stands
at
the
Dow
advance
and
US
debt
(Figure
1.1).
National
income
and
corporate
earnings
trends
are
static,
for
the
most
part,
suggesting
a
decreasing
return
on
each
dollar
of
debt
accumulated.
Debt
growth
has
eclipsed
the
rate
of
GDP
expansion,
presenting
yet
another
red
flag,
further
degrading
the
nation
credit
score.
History
teaches
that
as
currencies
are
devalued,
bad
money
drives
out
good,
i.e.
Gresham's
Law,
which
may
explain
much
of
the
push
to
abolish
cash.
Charles
Hughes
Smith
notes
that
all
the
bad
debt
will
eventually
be
written
off
-
he
advocates
sound
money
investments
such
as
arable
land
and
PMs.
Right
click
above
&
"Save
Target
As..."
to
download.
To
learn
more
about
software
needed
to
play
the
above
formats,
please
visit
the
FAQ.
Guest
Biographies
Charles
Hughes
Smith
Of
Two
Minds
Charles
Hugh
Smith
pens
the
Of
Two
Minds
blog
that
involves
a
wide
range
of
interesting
issues
including
investing
and
finance.
Of
Two
Minds
has
a
wide
audience
of
over
200,000
individual
hits
per
month.
He
is
also
a
contributor
to
the
Daily
Finance
and
has
written
eight
books.
Jim
Rogers
is
the
author
of
Adventure
Capitalist:
The
Ultimate
Road
Trip
and
Investment
Biker:
On
the
Road
with
Jim
Rogers.
He
is
an
investor
who
has
been
chronicled
in
Jon
Train’s
Money
Masters
of
Our
Time,
Jack
Schwager’s
Market
Wizards,
and
other
books.
He
has
been
frequently
featured
in
Time,
The
Washington
Post,
The
New
York
Times,
Barron’s,
Forbes,
Fortune,
The
Wall
Street
Journal,
The
Financial
Times,
and
most
publications
dealing
with
the
economy
or
finance.
He
has
also
appeared
as
a
regular
commentator
and
columnist
in
various
media
and
has
been
a
visiting
professor.
