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Why You Should Never Listen to Jim Rogers
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After monitoring Jim Rogers’ media appearances for several years, I’ve noticed a very disturbing trend.
Once the media monkey conducting the interview has told the audience how great of an investor he is, Rogers is usually asked about the economy and the capital markets to which he most often responds with a predictable rant consisting primarily of hyperbole and more often than not, complete nonsense.
Once Rogers has finished delivering his predictable narrative, the media monkey typically asks him to discuss what he considers lucrative investment opportunities to which he invariably recommends commodities and foreign currencies.
I'll get to Rogers' hidden agendas with regards to these persistent recommendations later.
Right now I want to focus on risk aspect of these recommendations because a full consideration of risk is the most important component of the investment process. It's also the most neglected component of discussions on investments in the media.
Aside from the fact that commodities and foreign currencies are very risky, there's virtually no practical way to invest in them without trading futures contracts. And doing so introduces an additional layer of risk most investors are unaware of. As well, trading these risky assets requires a rather high minimal level of trading expertise.
Yes, that's right. Commodities and foreign currency "investing" is quite risky. The risk comes from the fact that you must trade the futures contracts, as well as the fact that you are no truly investing. It's pure speculation. If you don't believe me you can check with the Securities & Exchange Commission.
Although these and many other recommendations made by Rogers are neither feasible nor prudent for most investors, a much bigger problem is that his predictions are wrong the vast majority of time. Hence, even if Rogers' recommendations were logical, feasible and prudent, you’re likely to get blasted apart if you do as he suggests.
Remember, if you're going to follow anyone you should follow a leader, not a broken clock loser.
The biggest challenge for most investors is making an accurate determination as to who the real leaders are and who the losers are.
The media is constantly going out of its way to convince you they interview and discuss investment and business leaders. This is specifically why the media always harps on about what a great investor Rogers is, without ever showing any real evidence of this claim.
If the media says it's true then it has to be, right?
It should be obvious that the media has a financial interest in making exaggerated and even false claims about individuals it positions as experts. And because the media cannot get into legal trouble for lying or making up stories, you should understand that at least when it comes to financial media, most of the content is similar to a Hollywood production. It's largely fiction. Hence, it's not only useless content, it is also potentially very dangerous to your financial well-being.
And if you think you're smart enough to figure out the small percentage of content that's valid out of all of the trash that's produced, I'm willing to bet that you're going to get it wrong.
One thing is for certain. If they're constantly being paraded in the media they 're the losers.
That leads me to this natural conclusion. If one were to assess Rogers' investment insight based on various topics he discusses during his media appearances, it would appear as if he has no idea what's going on.
Rather than aiding investors by focusing on prudent aspects of the investment process, Rogers usually centers his discussion on commodities (specifically agriculture), foreign currencies and precious metals.
Again, let me emphasize the fact that commodities and foreign currency "investing" are considered quite risky, and hence not suitable for most investors. If you have never heard this from the media (and I'm willing to bet that you haven't) it's further evidence of just how useless the media is.
But what about precious metals?
Some might argue that precious metals "investing" isn't considered risky. However I disagree and would respond by stating that it really depends on the means by which precious metals are used in the investment process.
I argue that the context by which Rogers recommends precious metals "investing" makes it a very risky proposition for a variety of reasons.
For instance, Rogers recommends gold and silver only after he has ranted about all kinds of doom nonsense. Hence, Rogers introduces fear into the picture and then follows up with his "investment solutions" to escape or profit from the fear and doom scenarios that he created with his nonsense. This is a very common tactic utilized by con men.
Additionally, Rogers never points to investing in precious metals ETFs, which is a great way to avoid high transaction and storage costs that come with buying physical precious metals.
As well, the low commissions and liquid nature of precious metals ETFs make it feasible to trade the price volatility. You cannot do that with physical precious metals.
And as I've pointed out over and over beginning in America's Financial Apocalypse, if you're not trading the price volatility in gold and silver, you're really missing large potential gains. Trading precious metals ETFs also enables you to reduce risk and increase liquidity.
Oddly enough, despite claiming to be some kind of "commodities expert" Rogers doesn't even recommend investors trade gold and silver futures contracts. Instead he recommends investors buy physical gold and silver and simply hold it. Although trading gold and silver futures contracts is a speculative strategy, it's arguably more prudent than buying physical gold and silver and holding it, depending on the individual.
In fact, Rogers has gone on record many times in the past as recommending to "never sell your gold and silver." This feeds into the doomsday dogma preached by Rogers and his fellow gold pumping charlatans.
No one lives forever. So if you keep making the excuse that the "crash is coming eventually" you're probably going to lose your ass if you make investment decisions based on some hypothetical crash which is touted year after year by an army of shysters.
Now let's talk about Rogers' hidden agendas.
The most likely reason why Rogers recommends investors to buy physical gold and silver rather than the ETFs or gold and silver futures is because he's a member of the gold pumping syndicate. And his income is strongly influenced by his association with this gang of filth.
But I'm willing to bet a good deal of money that Rogers trades gold and silver futures much like charlatan and king of all clowns Gerald Celente was doing before he got caught with his pants down.
As you might recall, back in late 2011 after MF Global went bankrupt, Celente went on all of the fake news media shows claiming that MF Global "took his money."
But Celente made what I am confident were false statements in order to "seize the moment" as a way to scare the sheep into thinking the banks weren't safe (i.e. adding to the constant message to buy physical gold and silver).
Remember that Celente is a paid gold pumper. Every single gold pumper receives some form of compensation in exchange for spreading ridiculous doomsay dogma.
I previously pointed out the that Celente only disclosed that he had been trading gold futures since 1978 (according to him) AFTER he received a margin call from MF Global (see the video below).
During this confession Celente tried to make it sound like he had been buying gold futures only as a means to take physical delivery of gold. That's complete BS. And I challenge Celente to reveal all brokerage statements over the years backing his claims.. Of course he would never agree to this because it would show him as a huge liar, a shitty trader and loser.
Even the RT reporter in the video below realizes Celente is lying when she calls him out (with subtlety) by asking why he would be involved with trading gold futures after recommending people only buy physical gold for years (check the 3:23 minute mark in the video below).
Note Celente's ridiculous response..."I buy (futures contracts) for possession and I trade (futures contracts) for possession...always with the intention of taking possession." This statement points to what a bad liar Celente is.
How can someone trade futures contracts with the intent of ALWAYS taking possession?
If that's the case why not simply buy physical gold?
Why does he trade the future contracts? Trading means you are buying and selling. And if you're buying and selling that means you're removing all obligation to take physical delivery.
First it's important to note that never before had Celente mentioned (on any of his scam interviews with fake media outfit Alex Jones, Jeff Rense, RT and other gold pumping platforms) that he was trading gold futures and that he had been doing so for decades.
Why did he never mention this prior to the MF Global debacle?
On the contrary, Celente was always recommending the sheep (i.e. those foolish enough to think he has any credibility) buy physical gold and silver and to never sell. It's a great example of the "do as I say and not as I do" scam.
Also, Celente had been warning the sheep not to trust the "paper" gold and silver markets, right?
So why would he himself be involved with the gold paper markets??
Why was Celente recommending the sheep do one thing while he was doing something completely different? Folks this not only shows that Celente to be a huge liar. I also consider it to be fraud.
When I first heard Celente's claims regarding MF Global it was immediately obvious to me he was lying in order to cash in on his own stupidity and dishonesty. You see, Celente mentioned that his futures account received a margin call. That means he was on margin (i.e. he was buying futures contracts using borrowed money). In other words, Celente was using leverage which is normal with futures trading.
Use of margin especially to the degree offered by futures brokers actually explains in large part why futures trading is so risky. You see, when you borrow money to buy more securities (specifically futures contracts in Celente's case) the loans are backed by the value of the securities you paid cash for. And the leverage made available to futures traders is quite high which is one factor that lures people into this game of high risk speculation.
Without going into a detailed explanation of how margin works, the bottom line is that if the value of the securities backing the loan and/or the value of the securities paid for by the loan declines sufficiently (i.e. the total value of the account) the broker will demand repayment of the loan or some portion of the loan (depending on the extent of the decline).
But really the big danger is that the broker can at any time change the margin requirements with any notice. This is something most investors don't realize.
If you receive a margin call you will have only a couple of days to deposit the required cash into your account. If you fail to make the required deposit, the brokerage firm can (at its discretion) sell the amount of securities needed to cover the loan and apply the cash proceeds to the loan balance.
The important point here is that it's absolutely impossible for anyone to receive a margin call unless they borrowed money.
So why then would Celente borrow money in order to buy gold futures contracts that he claimed were specifically for the purpose of taking physical delivery of gold? When the contracts expire, if he intends to take physical delivery he would need to come up with enough cash to purchase all of the gold he bought on margin.
Therefore, if he bought gold contracts on margin but had planned to take physical delivery of the gold, he would have the cash to fill the margin call wouldn't he? Of course he would. Otherwise he would not have been able to take physical delivery.
But Celente never planned on taking physical delivery. He was leveraging his account to the max in order to make money trading gold futures. This is the same behavior Celente had criticized the banks of; use of large amounts of leverage.
So instead of admitting he screwed up, and he was playing the paper markets, Celente decided to make false claims in order to make his sucker followers think that the financial system is not trustworthy and your money can be taken at any time, just like he claimed his was. This deceit was consistent with the pack of lies that was being spread by the gold pumping syndicate in order to get more suckers to buy physical gold.
I am willing to bet Celente $20,000 that his claims regarding his use of gold futures trading and his claims about MF Global taking his money are not true. Specifically I am willing to bet that his previous account statements will show that he was not buying gold futures for the purpose of taking physical delivery. In fact I doubt he ever took physical delivery of gold.
Celente was trading gold futures (notice he even said the word "trading" not buying; trading means buying and selling) in order to lower his risk and exploit the price volatility of gold, just as I first recommended in America's Financial Apocalypse.
Why didn't Celente disclose this to his sheep?
Why did Celente advise people to do something very foolish and risky (to buy and hold physical gold) while he was reducing his risk and creating opportunities to make trading profits through trading gold futures?
Think about that and you will understand what a disengenuous weasel this charlatan really is.
He even created the bogus designation of a "trend forecaster" in order to seem credible. There's no such thing as a trend forecaster. It's not a field. It's not a profession. It's a fake designation created by a charlatan.
Please contact Celente and tell him about this challenge. I guarantee you I won't hear anything from him because he is a huge liar and he knows it.
These guys fear the truth especially when exposed by experts.
The last thing these charlatans want is to be confronted by a real expert, because they realize their scams and disinformation would be exposed, which might wake the cult members up from their stupor. This would end their gravy train built on emotional exploitation, lies and scams.
Back to Rogers...
Finally, after scaring his sheep audience with doom rants and claims that the US stock market and US dollar are going to crash, Rogers never even suggests that investors should only hold a small percentage of these risky assets.
On the contrary, his fear mongering sends an implicit message that they should buy large amounts of precious metals. That makes his recommendations irresponsible and very risky. You should note that other media favorites like Peter Schiff pull the same stunt.
So what's the motive here?
Rogers wants to get suckers to load up on as much physical gold and silver as they can afford to buy because this will please precious metals dealers.
And as a reward for helping to boost the precious metals business, Rogers will be invited to every precious metals conference as a paid speaker. At these ridiculous events Rogers will have his ego stroked all while pushing his useless books, his useless commodities ETF, and so on. I think you get how the scam works.
If Rogers really does understand how to invest why does he rarely if ever recommend investing in blue chip stocks that have a high chance of performing well over time such as those found in the Dow Jones Industrial Average? Wouldn’t this be more valuable guidance for an audience of largely novice investors?
On the contrary, Rogers is constantly telling his sheep audience how much the US stock market is in a bubble or that it won't perform well. As an alternative he recommends buying other very risky markets such as Russia, China and Brazil. These lines serve as a foundation of his fear-mongering rants.
Since about 2010 Rogers has been trying to scare investors out of the US stock market.
And since 2014 he's even been claiming the US stock market is going to experience the "worst crash" of his "lifetime."
Of course this is all nonsense just like nearly everything else that comes out of Rogers' mouth.
The worst crash of his lifetime occurred in 2008-2009. And we probably aren't going to see a situation like that again in my lifetime. But you see, Rogers missed that collapse in 2008-2009, so he wants to profit using media appearances and speaking gigs by scaring people into thinking there's going to be a bigger crash. Can you think of any other charlatans that pull this same stunt?
Rogers keeps fear-mongering on order to pitch businesses and products that benefit him financially. That's dishonest at best. And the media is responsible for giving Rogers the platform with which to deceive investors.
Rogers missed the financial crisis in 2008 so he is not a credible source to know what to expect.
In contrast, I nailed the details of financial crisis, real estate collapse, stock market collapse and economic implosion. In fact, I nailed the details of the financial crisis more accurately than anyone in the world. So if anyone is qualified to know best what to expect in the future it's me.
Despite my world-leading track record, I don't have a crystal ball like Rogers and the rest of the fear mongering broken clock gang pretend to have. I don't make bold and ridiculous predictions. I deliver forecasts based on extensive research.
The main difference between myself and Jim Rogers is that Rogers is a media huckster playing a confidence game. I am a real research analyst and investment strategist trying to assist investors. Yet Rogers gets promoted while I get banned.
Have you enjoyed profiting from the longest bull market in US history?
Perhaps you were scared out of the stock market by broken clocks like Jim Rogers, Peter Schiff, Harry Dent and the rest of that gang.
Imagine how many investors Rogers has scared out of the US stock market after hearing his fear-mongering nonsense over and over for years.
But remember it's the media that gives Rogers air time. Without the media, Rogers would have been less able to have scared so many investors out of this amazing bull market. It's the same situation with Peter Schiff, Harry Dent, Marc Faber and so on.
Think about what's happened, who's been right, who's been wrong, who the media has aired and who the media has banned. Only then will you begin to see how the media scam works.
It's interesting to note that Rogers never mentions that the commodities, foreign currency and precious metals markets are rigged to rip off retail investors. Pitching commodities, foreign currencies and precious metals is a great way to send more dumb money into these markets which is easily taken by the sharks.
If Rogers wanted to introduce a more prudent and feasible speculative element to his investment guidance he could always discuss the prospects of newer but promising companies from the high-tech space.
Oh, that's right. Rogers admits he doesn't understand technology stocks. That in itself represents an enormous problem for any investor seeking to gain some valuable and unique insight. Rogers' ignorance of the technology sector in itself actually demonstrates his irrelevance as an investment figure.
Instead, Rogers sticks to commodities, foreign currencies and precious metals because he makes his money as a promoter of these risky assets. As I have previously mentioned, he benefits financially by promoting these assets in a variety of ways.
Even worse, Rogers also confesses that he doesn't understand technical analysis. Now this is quite shocking coming from a man who is considered a "commodities expert."
Of all assets, commodities are perhaps the most reliant on an technical analysis because the only way to make money with commodities is by trading the futures contracts. So if you don't understand technical analysis you aren't going to have much success trading commodities. And if you aren't trading commodities you aren't making money with commodities because most futures contracts have short expirations.
Once you understand that it’s only the media jug heads and naive minions that claim Rogers is a "commodities expert" you'll begin to realize how the game of media deception is played.
Remember, the media always hypes up its guests in order to convince the audience that their guests have valuable content to share with them. This scam draws a large audience with which the media pitches advertisements to.
Incidentally, despite Rogers constantly recommending to "invest in commodities," there's no valid way to invest in pure commodities other than buying the futures contracts. And that means you will need to trade futures contracts. All experienced investors realize that trading securities is a speculative investment strategy. Trading futures contracts is a very speculative investment strategy. There is no debate about this.
Of course Rogers might argue that one could invest in commodities by purchasing the commodities ETN that bears his name. And that's really what Rogers is all about. He's pitching these speculative investments because that's how he makes his money, whether it's by being paid to use his (tainted) name, being named as a board member on some shady company, or attending paid speaking events and conferences,
Thus, Rogers does not make his money as a successful investor, but rather as a pitch man for risky investments, selling books, and other paid gigs related to his broken clock fear-mongering rants. Rogers is merely a professional marketer and media talking head specializing in doom porn. In fact, I view Rogers as a pure huckster.
Never mind that ETNs are quite risky due to their structure.
And never mind that Rogers' commodities ETN consists of front-month futures contracts (meaning that the trading is massive) which leads to huge trading costs that are NOT included in the 0.75% expense ratio).
The fact is that Rogers' commodities ETN is a terrible way to invest in commodities because of the frequent reset of the contracts as well as the huge trading costs.
Let's take a look at the performance of Rogers' commodities ETF.
If Rogers really knows what's going on in the economy and capital markets I've certainly never seen or heard any evidence of it based on what he's said in countless interviews. Instead of providing an accurate assessment of the economy, Rogers merely repeats the same fear-mongering dogma that feeds the doom porn cult.
For instance, Rogers is always claiming that the US economy is in "big trouble," while claiming how "great" China’s economy is.
Rogers is also usually insisting that the US dollar is in "terrible shape" and how it's such a "flawed currency."
After ranting through that highly predictable nonsense, he usually recommends the (very risky) Chinese stock market, commodities (especially agriculture) and gold.
Folks, that's not an analysis nor is it investment advice. It's a doom porn dogma that’s sure to lead to stunning losses if followed.
Every time Rogers is introduced, the media feeds the audience with the same lines about how Rogers made a fortune in his 30s and retired.
Okay, great. If that's even true it happened 40 years ago. We have no precise details as to his role in the fund or anything else. Regardless of his questionable prior success, I want to know what the hell Rogers has done over the past 3, 5, 10 or even 15 years that's noteworthy.
Oh, that’s right. Rogers completely missed the financial crisis as well as the bull market since then.
And his track record in everything else over (at least) the past ten years has been horrendous.
And when questioned about his timing (which is rare) he uses the escape line that he's "terrible at timing."
Newsflash: You can't keep repeating the same crap over and over and then say you're terrible at timing because that makes you a broken clock con artist!!
I guess Rogers is supposed to get a pass each time he gets things wrong (which is very often) because he allegedly made a fortune some 40 years ago and supposedly retired in his 30s?
First of all, I've never seen the details of any returns from any fund Rogers has worked for.
And I've never even seen the performance of his own investment accounts. So as far as I'm concerned his claims are from fantasyland.
Think about it. In all of the interviews Rogers has given throughout the years not once have the media morons shown performance numbers from Rogers' prior funds or his current investment account.
And Rogers has never disclosed his net worth or the amount of money he has invested in the capital markets. Why won't he show his investments? I want to see if he actually even invests in the things he recommends.
Without this information, all we have to go by is what Rogers claims. And claims about Rogers have progressed into unverified folklore. We need to see evidence of Rogers' claims because his track record is more than suspect. It makes him look like a complete fraud.
Better yet, let's see his annual source of income. I'll guarantee you it's from his marketing related activities.
Seeing the details are crucial. When someone leaves out the details it's usually because they want to hide something. Why do you think Trump keeps refusing to disclose his tax returns? He promised to show them if he won, remember?
Regardless whatever Rogers has or has not done in the past, we know one thing with certainty. Rogers has been terribly wrong about nearly everything related to the economy and the capital markets for years and years. That presents a major problem, especially when the media keeps insisting he's a great investor.
Is this fraud? Yes, I believe it is.
Second, if you're retired you aren't spending every day lining up for interviews.
Suze Orman claims she's retired too. Yet she's constantly pitching her BS in order to sell more books (none of which were written by her and none of which are worth a damn).
The same goes for Robert Kiyosaki. These people are media charlatans. And their business is in BS marketing and snake oil sales, just like Rogers.
As well, if you were truly an "investment legend" you certainly would never give interviews to amateur channels on You Tube run by unsophisticated kids and chumps that have only a few subscribers.
Why would a wealthy, "investment legend" who's in his 70s bother to waste his time lining up for even the most pathetic interviews? That makes no sense whatsoever, unless you were looking for as much publicity as you could get in order to sell books and keep the doom pitch alive so you can get more invitations to precious metals and commodities industry speaking events.
I've seen Rogers give interviews to virtually any clown with a tiny number of subscribers. The example shown below is just one of many.
Important people don't do this, especially if they're old (because time is extremely valuable to them) unless they know they're charlatans with no real value and with time that's not valuable.
Quite simply, as we age time becomes an enormously precious asset which is cherished more than practically anything else in the world. This is especially true for retired individuals. If you’re really retired you’re spending your time relaxing, vacationing and enjoying time with family and friends.
Jim Rogers is still working into his 70s, so what does that say about him? Is he as wealthy as he leads people to believe? Does he need to make more money as a media whore? Is he so greedy that he can’t get enough money?
Maybe Rogers retired from the investment world in his late-30s, but he never retired from the workforce. For years Jim Rogers has worked as a blow-hard media whore, lining up for every interview he can find in order to build sufficient TV celebrity status needed sell his god-awful books, get paid speaking gigs for shill conferences and land high-paying board positions in the commodities and precious metals space.
Rogers has even expanded his reach into the copyright business working with Agora Financial. Need I say more?
I'm here telling you to never ever trust Jim Rogers or anything he says because in my opinion he's a complete charlatan who relies on his media celebrity to sell his shit books, land speaking gigs and board positions. This is why he pitches the same doom lines all the time. It's his theme and it makes for good propaganda when hard assets conferences want a TV celebrity speaker or shady commodities companies want a board member who's a TV celebrity because his exposure can lure suckers into the stock.
If Jim Rogers is some "great investor" like the media is always claiming, why has he never recommended any stocks that have turned out to be grand slams in any of the thousands of interviews he's given?
Surely anyone could eventually land a huge winner after thousands and thousands of tries.
Rogers is supposed to be a great investor so he should be able to nail several huge winners, right? I don't recall Rogers ever nailing a single one.
For instance, I've never heard him recommend investing in companies like NFLX, NVDA, UNH and others years ago like I have, not to mention my recommendations to short Fannie Mae, Freddie Mac, the sub-prime mortgage stocks, GE , GM and others prior to the financial crisis.
Yet, I remain banned by the criminal Jewish-run media, while Rogers the charlatan continues to waste airtime with his horrendous recommendations and other bull shit.
And as I've already mentioned, he doesn't even recommend safe blue chip stocks. How responsible is that?
Is Rogers so stupid that he doesn't even realize that his audience mainly consists of novice investors? Of course not. Rogers knows his audience. So why would he push such speculative investments to this crowd?
Maybe he wants to lure more dumb money into these trades for the sharks to take.
Maybe he's trying to help his own trades out.
Maybe all he really cares about is serving as a pitch man for commodities, foreign currency and precious metals trading because as I've demonstrated, that's how he gets paid.
Maybe he just doesn't give a damn about anyone or anything except himself and making money from other peoples' misery.
But hold on a minute. I thought Rogers is "loaded," right?
After all, he made such a huge fortune that he was able to "retire" in his 30s, right?
If this story is true, why does he even need to get paid?
Why isn't he enjoying his "golden years" if he's so well off? Weird, huh?
So in case I haven't made myself clear, allow me to repeat the message. Jim Rogers isn't retired and never has been. And because he claims he's retired, that makes him a liar. For decades he's been working as a media and PR whore.
Furthermore, Rogers has a terrible track record. So if you listen to this charlatan you’re not getting valuable investment insight. You’re being duped to fall for doom porn nonsense. And chances are quite high falling for this nonsense is going to cause you to lose your ass.
Folks, I've gone over this many times in the past. One of the biggest dangers of the media is that there’s NEVER any mention of risk by any of the jug heads, whether they're reporters pretending to be experts or clowns and cons they promote as experts.
Instead of making sure the audience understands when something is quite risky, the media crooks feature clowns like Peter Schiff and Jim Rogers who talk about "investing" in foreign currencies, precious metals and commodities without any mention of the fact that these are among the most speculative assets.
And you wonder why you've heard about so many people having lost so much money trading commodities and foreign currencies?
The financial media slime balls pull the same stunt when they talk about shorting stocks, which is quite often.
As I've mentioned many times in the past, if you were to call your full service stock broker and tell him you wanted to short a stock, I'm willing to bet he would refuse to do it.
Do you know why?
Because he's afraid he would get sued if the trade lost money. This is the reality.
It was even a reality twenty years ago when I was working on Wall Street. And things have gotten much more hands-off since then.
So imagine this. The media interviews some "great" or "legendary" stock broker or fund manager who tells you why shorting Netflix is such a good idea (like Whitney Tilson did many times in the past).
You might figure "hey, this guy is a professional fund manager, and the media says he's a great investor, so I think I'll short Netflix because his reasoning makes sense. After all, they say to always 'follow the money,' and this guy is a fund manager and great investor, so he must know what's going on."
So you log into your online brokerage account, press a button to short Netflix and that's it. There's no one there to warn you. And if you lose money, tough luck.
As you can imagine, what often happens is that investors who are foolish enough to listen to the clowns in the media blow their accounts up without realizing they were steered into these risky transactions by the media.
But no one from the media is ever held accountable for coaxing you into these risky trades. The media orchestrated a complete pitch to play on your emotions using greed and fear-mongering (con artists use these same tactics quite frequently). And the media was paid huge sums f money by advertisers for pulling this stunt. Think about that.
Even the guys who made these recommendations are never held accountable; not Jim Rogers and not Robert Prechter, and not even licensed stock brokers like Peter Schiff. This is a good example of what's known as "passing the buck."
The reality is that the media is actually responsible for many investors losing money in this manner, but no one is being held accountable. The same goes for trading commodities and foreign currencies. Hell, I'm not aware of anyone else in the world who even realizes this to be a problem.
Nonetheless, this behavior represents outright fraud because the media is making money in the form of ad revenues in exchange for pitching risky investment transactions without even warning the audience of the risks. The so-called "experts" like Rogers who pitch these risky investments are also making money. In my opinion that makes them involved in fraud as well.
Let me be clear about this. This irresponsibility and absence of accountability involved in this media scam is complete bull shit. The SEC needs to get involved now because I'm sick of the fraud being committed by the media. They're all crooks.
Unfortunately, very few non-professional investors realize just how risky commodities, foreign currencies and even precious metals are. And shorting stocks is the single most risky transaction of them all.
There's an even more detrimental effect of this scam that no one seems to realize. You see, once investors have been fed all sorts of misinformation by the media, they become indoctrinated to act irresponsibly. Thereafter, it becomes difficult for them to interpret and utilize real research due to having been dumbed down by the media.
No matter how good any source of investment research is, it’s only useful if it’s used prudently. At the very least, suitability must be a prime consideration. Prudent utilization of legitimate investment research may only be achieved by incorporating risk and asset management techniques and other essential components of the investment process into your own financial profile.
At the end of the day, instead, of actually helping investors, Rogers is hurting them in a variety of ways. His fear-mongering rants serve as a lead into his pitch for speculative investments. But this kind of nonsense doesn't qualify as real investment insight. It’s trash TV.
Of course the media filth would never mention any of these points I've made, much less entertain a discussion about risk or suitability because they really don't care if you blow your account up. They only care about making money by fooling you. In fact, I’ve previously explained how the media makes more money by publishing disinfo from clowns and cons that cause you to blow your account up.
If your objective is to lose money, listening to Jim Rogers is one of the best ways I know of to achieve that goal. This opinion isn't based on what Rogers supposedly accomplished 40 years ago. I don't know what he did back then because I wasn't there and I've never seen any hard evidence of his claims. My views of Rogers are based on what I’ve seen from his media interviews over the years. And based on that, his track record completely sucks.
I’ve documented Jim Rogers' miserable track record for many years. Yet the media continues to insist that he's a great investor. Well you cannot change the facts. But you can cherry-pick and even lie about them. And if your audience is naïve the scam will be successful.
I strongly advise you to stay clear of Rogers, everyone who has interviewed him and everyone in Rogers' circle because the apple never falls far from the tree.
Below you'll note an image of Rogers during an interview where he recently announced there was a huge short position in gold and silver. The word he used was actually "gigantic." I suppose that has a much greater impact or call to action, ay?
During this interview Rogers also stated that gold and silver were headed down. And after a good deal of downside he expected gold and silver to soar into a bubble.
How do you think most investors who listened to this interview acted on Rogers’ claim?
Well, chances are that if they weren't aware of just how bad Rogers' track record is, they entered short positions in gold in order to “piggy back” off of the price decline expected from these supposedly "gigantic" short positions.
But if you realized that Rogers is one of the world's best contrarian indicators, you could have landed big money after hearing him make these claims because you would have done the opposite. You would have bought a gold ETF. And if you don't realize by now that buying physical gold is a suckers move, you really need to get with the program.
After the sheep heard Rogers claim there's a "Gigantic short position in gold and silver" they probably entered shorts.
Look what happened to the price of gold since Rogers made his baseless claim.
Remember, the media is one big Jewish scam designed to take your money.
And the so-called "experts" promoted in the media are part of the game being played.
It is of no coincidence that virtually every single so-called "expert" in the media happens to be Jewish.
Think about what’s going on here folks. I’ve explained the game many times over.
Real experts are never in the media unless it's exclusively to pitch their game. They're never to help you. It's all about sales, lies, deception and confidence games.
And you can bet that unless they are Jewish, work for a Jewish firm or the interests of Jews, they aren't ever going to be in the media, because Jews control the media. And for some strange reason they practice an invariable policy of insatiable discrimination against gentiles.
In reality, most of the so-called "experts" in the media are actually hucksters.
Thus, if you pay attention to the media, you're being played by hucksters.
