Tuesday, March 6, 2018

Swiss Franc is now backed by Google | Jim Rogers talks to Michael Pento

Click here if the above video does not play

Some of the highlights of the discussion are

-Government debt has doubled since 2009

-Japanese central banks control Japanese ETF market. They are constantly buying Japanese ETF's. By the way I own Japanese ETF's.

-Swiss Central Bank now everyday prints money and buys Amazon and Google, they buy the Banks in America. So the Swiss Franc is now backed by Google. 

-The next bear market in Bonds. Junk bonds will get killed.

-Half of cities in Germany are bankrupt.

-America's the largest debtor nation in the world.

Jim Rogers is a smart investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.