Jim Rogers: “It’s going to be the worst in your lifetime and my lifetime.”

In an interview on Friday, July 28, with Kitco News, best-selling author and billionaire investor Jim Rogers warns of an economic downturn starting either this year or next year.

“I would expect it to start this year or the next…and it’s going to be the worst in your lifetime and my lifetime.” (Source: Kitco News)

By describing it as the worst in our lifetime, he is saying it will be the worst crash since October 1929. However, if history repeats itself, we should not be looking for a single calamity, but an extended downturn. After the 1929 crash, financial markets did not hit bottom until three years later.

Jim Roger’s warning sounds similar to a prophetic warning from Rachel Baxter, “This fall the mighty fall will begin in earnest and there will be no slowing.” (see complete post)

I believe the key words in her warning are, “will begin.” In other words, what is coming is likely to be the first tremor of an extended downturn. If history repeats, it might take several more years before we reach the bottom.

So what is Jim Rogers doing to prepare for what’s coming? Well, he’s not buying gold, at least not yet. In the same interview, he said he’s waiting for it to drop below $1,000.

“I’m not buying gold and have not bought gold. I own gold and have owned gold for years but I’m not buying or selling it at the moment.”

“If and when gold goes down a lot, or under $1,000, I hope I’m smart enough to buy more gold because in the end, gold is going to go up a lot because when people lose confidence in governments and paper money, they always put their money in gold and silver.” (Source: Kitco News)

Gold has not traded below $1,000 since 2009. However, the late prophet John Paul Jackson prophesied it would get there again before it eventually skyrockets, which is good news for anyone still wanting to stock up.

James Bailey

Author: James Bailey

James Bailey is an author, business owner, husband and father of two children. His vision is to broadcast the good news of Jesus Christ through blog sites and other media outlets.

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Derrick
Derrick
Member
July 31, 2017 12:28 PM
Hi James, this might be unrelated to the topic, but completely related to the title. The Lord has pressed me to speak to a group of people I had been interceeding for in the past, a group of people I previously believed who’s hearts were so hard I had to be a man if miracles to change them. I used to speak to them by webcam during a really dark point in my life before finding the Lord. We were an extremely cynical group, but the Lord snatched me out of that group and has sanctified and washed so much of the filth of that group out of my heart ever since. I thought it would take a couple of years for the Lord to say “Go and speak to them”. But he’s saying NOW is the season. And this feels like the absolute worst of times for me. Riddled with anxiety , scared of all the ridicule I’ll probably receive. This would be my first real time since my training in the wilderness, that I am being required to step out and testify of the Lord to a group I believe is filled with contentions. Now I could be over blowing the hardness of their hearts, but I have a blanket of anxiety and fear consuming me right now. I know I’m just some random but I’m asking you specifically to pray for me because I had a dream where you and I were in a car( from this site I’ve gathered cars can represent ministry right?) I was the driver and it was so dark outside you could see absolutely nothing. Pitch black. And in my spirit I sensed demonic entities in the dark lying in wait to destroy us. I couldn’t even pray , all I could… Read more »
Marilee Alm
Marilee Alm
Member
July 31, 2017 6:19 PM
And Derrick here’s a poem for you: Unlikely Champions There is a famous story of a champion from Gath whose height was six cubits and a span To face this champion in battle the Israelites could not find a single man. But God had a champion of His own one who was willing to take a stand. He had no attributes of a champion but David knew God had a plan. We often fail to see God’s plan because we feel that we’re too small But God doesn’t need our abilities He just needs someone who will answer to His call. God has raised up unlikely champions throughout all recorded history While the enemy’s champions are visibly strong God’s champions often are a mystery. Before David slew his giant there was a boy with a coat of many colors another unsuspecting lad And what his jealous brothers did to him indeed is very sad But a young man sold into slavery enduring circumstances we could not imagine Ruled and saved a nation becoming God’s unlikely champion. In orphanages, schools, churches and in homes around the world someone who is little known God is growing in a young man or woman the seeds of a champion the seeds the He has sown They will be a Joseph and rescue entire nations Or perhaps they’ll be a David defeating gigantic aberrations or enormous situations. We have heard it said that God always has a remnant and He is raising up one today But I think He’s raising up unlikely champions, those who seek His face and pray. The enemy knows his time is short and seeks to resurrect Atlateans God is looking into men’s hearts to raise up radical unlikely champions. Those who will champion the case for the yet unborn Those… Read more »
michelle Gibson
michelle Gibson
Member
July 31, 2017 5:46 PM

I will be praying also Derrick

Marilee Alm
Marilee Alm
Member
July 31, 2017 6:13 PM

Hi, very encouraging video for you Derrick and anyone else. Riaan explains how the deceptions in the church are a real danger. Much more so than your unsaved friends. He also gives instruction on how to answer people and to stand your ground. Blessings!!
https://www.youtube.com/watch?v=GN4GhuUkADY&t=2042s
The dangers of deception in the church

Expat gal
Expat gal
Member
July 31, 2017 4:44 PM

Derrick – I will be praying along with James for your success. May you find the boldness you are looking for. As your Sister-in-Christ, thank you for your obedience despite the scale & scope of the assignment. I empathize with the task before you.

Boldness for the Lord was on my mind today? May God strengthen you to overcome any obstacles that may block your path. ❤️

Derrick
Derrick
Member
July 31, 2017 5:39 PM

Thank you brothers and sisters for your prayers. In a short amount of time the Lord has already been able to shed ALOT of the anxiety off of me and has been revealing to me the errors in my thinking that is leading to all of this fear. I originally considered relying on my natural ability to argue but i feel the Lord pressing me to WAIT for HIS ability to come. This caused me to anticipate what they might say and what i should say in return. But all of that is so burdensome to worry about. I believe i need to wait for his spirit and forget about what could or couldn’t be said. I need to forsake my worldly knowledge and opinions, but most importantly i need your prayers!

I would’ve never been given this insight without your prayers! I know that for a fact. All wisdom comes from God! Hallelujah!

Praise the Lord for your prayers saints! They are working quickly! And thank you all for taking the time to read what i wrote. Lord bless the saints. Amen.

Tammy Larson
Tammy Larson
Member
July 31, 2017 7:40 PM

I have to share what happened early this morning. I was still asleep and I heard a warning very loud like when an all out alert goes off your phone. It was saying very somber to take cover now! I woke right up checking my phone and the tv that is how real it was.

I told my husband about it and had an urge to go get some things at sams club. I just can’t explain in words how real this was.

Thia
Thia
Member
July 31, 2017 2:15 PM

For what it’s worth, last year I posted about a dream and real life experience that I was given by The Lord. I also emailed James about it. It was very long and very detailed. Long story short, I was told that we should all start preparing for financial hardships. Trying our best to get out of debt, stock up on food, prepare mentally and come out of the Babylonian mindset. I was given the number 500 which I interpret to mean 500 days. That would bring us to September 2018. I strongly believe that we will start having serious economic downfall in September 2018.

Thia
Thia
Member
July 31, 2017 5:05 PM

Also, for more detail, I kept having dreams about the Ford Fairlane 500 and was eventually shown the Great Depression in Dearborn, Michigan… People being unemployed, people losing ALL faith in banks and removing their money, banks abruptly closing and terribly long lines at soup kitchens… All in black and white. There was such an emphasis on people being hungry and in total despair. My actual dreams and vision are so long and so detailed it would take up so much space and time in the message board… so, this is just the basics. Please everyone… Start preparing.

Katie Troutman
Katie Troutman
Member
July 31, 2017 7:40 PM

God showed me the same thing. The despair and hopelessness. Starvation. I’ll never forget their faces. It was like I was really there. The despair was unlike anything I’ve ever seen. Good advice to sto co up on whatever yo u are able too.

Thia
Thia
Member
July 31, 2017 8:01 PM

There was such a sadness and hopelessness to it. These poor people had very little to nothing left and they never saw it coming. They were in total shock and were just walking around aimlessly around the soup kitchens.

Deena
Deena
Member
August 2, 2017 8:17 PM

When my son was 5. He woke up crying. Said he dreamed of people starving and so sad it made him cry. He is 12 now.

Expat gal
Expat gal
Member
July 31, 2017 5:00 PM

Hi Thia – There are so many cracks in the financial system I honestly doubt we will make it through 2017, much less into the fall of 2018, without financial collapse. Plus this just happened – “Total Government And Personal Debt In The U.S. Has Hit 41 Trillion Dollars ($329,961.34 Per Household)” – http://www.activistpost.com/2017/07/total-government-personal-debt-u-s-hit-41-trillion-dollars-329961-34-per-household.html

Thia
Thia
Member
July 31, 2017 5:11 PM

I believe serious financial suffering will start for Americans in September 2018. It will make 2008 look like a day at Disneyworld. People will be losing jobs left and right, lose their homes and vehicles, run on banks and people will be hungry. That’s what I’ve been shown.

Oliver Apacway
Oliver Apacway
Member
July 31, 2017 8:13 PM

Hi sister Thia, I had been looking for the post you mentioned. Can you please direct me to which topic it was posted in? Thank you, I appreciate it.

Thia
Thia
Member
July 31, 2017 9:00 PM

I’m not very good at remembering dates and I never thought to write down the date I originally had this dream where the 500 came from. I do know I narrowed it down to the middle or end of September 2018. It was actually another poster on this site that stated that it would possibly coincide with Yom Kippur or Sukkot.

Thia
Thia
Member
July 31, 2017 8:52 PM

I wish I could but I just can’t remember. It’s been a year or maybe over a year when I posted it. At the time, I was a fairly new commenter and I had problems with it being approved for comments because it was so long so I emailed James my dream and experience I was given. I do believe it finally posted after the second time… I just can’t remember where.

mem
mem
Member
August 1, 2017 12:54 PM

Thia – That is interesting you came up with September 2018. I had a dream earlier this year where I had access to an object that was covered in calendar pages. I was going over the object trying to find certain month/year dates and then see what that calendar page said. I was having trouble finding the month/year combinations I was interested in, but I did find a few. In the course of searching this object I distinctly remember September 2018, which was not a month/year I was concerned with. However, I saw what was like a newspaper headline for September 2018. It said “All forms of barter are now illegal without the mark”

One the one hand it is hard for me to see the current situation escalating to the point that not only run of the mill buying and selling is illegal without the mark, but even extending that further to barter transactions, being illegal as soon as Sept 2018. For all that to actually happen we would need to see some MAJOR cataclysms/black swan events between now and then.

Most others have timelines that extend further out, with the status quo maintained more or less until 2019/2020/2021, etc so maybe this is not mean that will be an actual headline for September 2018, maybe it means to be prepared by that time and totally situated in preparation. I just don’t know for sure.

Expat gal
Expat gal
Member
July 31, 2017 4:38 PM

The biggest challenge with the $1,000 gold price is that even if the price goes this low, it does not mean supply exists that the average consumer can buy. This is the biggest challenge for investors trying to buy physical gold when the price is compelling. If you find it compelling, many other people are likely to find the price compelling as well. Additionally there have to be huge moves on the Comex to suppress the price of gold & it takes higher & higher dollar amounts of gold being “sold” to keep pushing gold prices down & with uncertainty increasing & demand increasing, gold prices naturally wanting to increase…

So if you do not have precious metals & want some, better to try a dollar cost averaging purchase (buy smaller amounts over a period of time), instead of trying to “time” the market & possibly having great difficulty securing gold at its “best” price. Just my humble opinoin.

serge
serge
Member
July 31, 2017 8:50 PM

Expat gal, Even if gold goes down to $1,000 pOz. It doesn’t matter, as most people today are broke. They never learned to ‘save for a rainy day’. So how are they going to invest when most don’t even have $500. in savings, should a cash emergency come up. Majority of Americans don’t have $500 in savings – Jan. 12, 2017

Besides most would rather have a free Hershey Chocolate bar than a free 100 oz bar of silver. https://youtu.be/G8qGDun4puM
As the saying goes: you can’t make this stuff up.

So, if they have $500. I doubt they would buy gold or silver with it. However, I do know of ‘kids that spend their last $5 bucks on a ‘Starbuck’.

What will this generation do when they are faced with a sudden 1929 type collapse ?

Andrew R
Andrew R
Member
July 31, 2017 5:12 PM

Does anyone know Jim Rogers’ political persuasion? liberal, democrat, conservative, republican?
My concern is that there may be an attempt to undermine Pres. Trump’s agenda by the global elite crashing markets.
Thoughts anyone?

Expat Gal
Expat Gal
Member
July 31, 2017 7:15 PM

Andrew R – Be on the lookout for a post from me here on Z3 soon (have shared brief thoughts previously with James) about the collapse of the global economy & how it will be blamed on Trump & will help to usher in the persecution of Christians. Conservative values will be blamed & the anger & despair & hopelessness that people feel will be directed towards Christians who will be blamed. This is my opinion so I could be wrong but I have felt verification on this projection of events. 😟

Dorothy Degman
Contributor
August 1, 2017 3:36 AM

This is your opinion? Just to give you confirmation, this will happen. The Lord has talked with me about this.

Expat gal
Expat gal
Member
August 1, 2017 12:49 PM

Hi Dorothy! It is my opinoin formed from several hours of research but what I also feel was divine revelation & used my business background coupled with geopolitical & current events knowledge coupled with God helping me “go down rabbit holes” if you will.

I had been praying on releasing this because I wanted definite confirmation from God & I do feel He has given this to me. Now receiving confirmation from you is yet another confirmation so I will get this article completed & to James tonight! 😀. Thank you! No more time should be wasted in getting this message out to our brothers & sisters in Christ!

Dorothy Degman
Contributor
August 1, 2017 1:11 PM

Then I have to praise the Lord for leading you on this journey 🙂 I can’t wait to read what He is using you to reveal to us! God bless!

Andrew R
Andrew R
Member
August 1, 2017 7:56 PM

Expat gal
Thanks for your response, and I look forward to your post.

Tom
Tom
Member
August 2, 2017 1:28 AM

For what it is worth – Sept. 20, 2017 is Elul 29 – the Day of Remission or the Day of Nullification when dealing with the Shemitah.

John Smith
John Smith
Member
August 1, 2017 11:47 PM

Z3: I keep hearing from my bullish average-down investor friends that they’re expecting a little trouble in 2018, but absolutely no one believes we could have anything bigger than a 5% correction in late 2017…. No one sees the “boomers can’t retire crash coming.” They came for the poor and disadvantaged in 08, and now they’ll be gunning straight for the middle class….

Sentiment is unbelievably bullish, but so many factors are pointing to a tipping point where it will become unsustainable shortly, and whether it falls by its own weight, or is triggered by a false flag or natural event…. I personally don’t see how the markets will be sustained at these levels until late 2018…. The only sure thing is IT WILL happen at the time average investors will not be able to predict and it’ll catch 99.5% of the investment community flat footed and unprepared……..

Ok, so I’ll throw in my prediction in for the top on Stocks, and I’ll say the Nasdaq, which hit a low of 880, will close in on 6660. This would be a factor of around 760 percent from the 08 low at or around the time of the great US total solar eclipse 8/21…. The NWO are such cards in dealing with numbers…… I’m starting to warm up some studies on the most viable shorting vehicles, but will stay patient for now….

Best…..

Sonia
Sonia
Member
August 2, 2017 12:55 PM

Hi John,
Which shorting vehicles do you think will be the most rewarding ? Will you short currencies as well as equities ?
Blessings.

John Smith
John Smith
Member
August 2, 2017 10:23 PM

Hello Sonia: I’ve been checking into ES, YM, NQ, and QQQ, SPY, puts and other index puts, and for some reason, I believe those are being bid up, and are higher than equivalent periods last year or two for some reason. There’s a couple of ETFs that look attractive. I know its ironic, but FAZ has been kicked around on this site quite a bit, and I’m looking at Jan 18 FAZ call options ranging from strikes from 18 to 28 presently. I can get a call option for 100 shares for Jan 18 28 strike for about 20 to $25, which is looking like a heck of a deal to me, FYI…. I’m planning to get a ton of those and will layer the strikes from 19 to 28, with mostly crash options (28). As of late, I’ve decided to stay out for now until around 8/18-8/21, just ahead of the total solar eclipse where I think we’ll see the top in stocks for the first purchase of around 1/3. I’ll continue to add early Sept until around 9/15 (options expry) to 9/20 ahead of Rosh Hashanah. My late additions will probably be EOM October ES puts once I have enough Jan FAZ calls. My internal polls of bullish average-downers keeps me optimistic I’m on the right path, ha…. Best to you……

Sonia
Sonia
Member
August 3, 2017 6:06 AM

Thanks John ! Many blessings to you !

John Smith
John Smith
Member
August 3, 2017 10:24 AM

I also trade currencies, but won’t be doing the period I’ll be shorting the markets, just due to emphasis on stock shorts. Blessings to you…

Ed H
Ed H
Member
July 31, 2017 9:23 AM

That puts silver at about 13.08 if we use today’s GSR.
However at that price premiums would probably be about 4-5$.

A strong dollar could cause this as well as a good sized correction in the markets where investors would be selling metals to cover their stock losses.

I think a key point is he ALREADY has gold and is waiting to buy more. For those interested in metals and don’t have any yet. I would seriously pray about what to do. A smart approach is to dollar cost average and ADD on the dips. That’s what he is doing.

Joe
Joe
Member
July 31, 2017 9:07 AM

Martin Armstrong is also of the view that precious metals tend to go up when people lose confidence in governments rather than inflation or deflation.Also remember Marty’s D day is November 24.

Phil Titus
Member
July 31, 2017 11:26 AM

Can you give the link to Martys d day Nov 24th? Thanks

Joe
Joe
Member
July 31, 2017 1:06 PM

Hi Phil
http://megashare.ag/movie/the-forecaster/?watching
From 1:21:00 on wards, is his economic confidence model.

Joe
Joe
Member
July 31, 2017 11:47 AM

Hi Phil
https://www.youtube.com/watch?v=GnvCkaAXOHA
This is a short interview of only 4 minutes where by freezing the screen shot we can see his economic confidence model which he shows to the reporter. This date is there. Second place i saw was in Martin Armstrong the movie, where towards the end there is a scene where he is shown conducting an actual seminar. There again this chart of economic confidence model is displayed on the screen.Will give the link if i can find it.

MajMatt
MajMatt
Member
July 31, 2017 4:16 PM

The ECM graph you mention is located here on the bottom left of the page: http://www.economicconfidencemodels.com/

Joe
Joe
Member
July 31, 2017 10:07 PM

Thanks MajMatt. It is easy and comprehensive.Real Estate model also very informative.

Phil Titus
Member
July 31, 2017 2:13 PM

Thanks

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