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“The U.S. dollar is not a safe haven, if you ask me, but I do own it.”
“Agriculture prices [are] getting banged right now. I am kind of planning on buying Swiss francs, more dollars and agriculture.”
On China “They’re doing their best to cool things off … I expect them to continue to do it, and that is causing more slowdown around the world.”
“The major problems are coming from the west," “They are coming from Europe and the [United States]. We are much worse off than we were in 2008 because the debt has gone through the roof.”
“At least in 2008 there was the possibility that the governments could bail us out. Now, of course, the governments have gotten deep, deep, deep into debt themselves,” “Everybody is in much worse shape.”
“Brazil sort of ignited a trade war [by putting a 30 percent import tariff on China and Korea ]. And right now China is trying to get the Europeans to let them open up the trade with China more. The Europeans are saying no, so China is saying, 'No, we won’t bail you out.'"
“I hope the trade war doesn’t break out" because throughout history when it does it has "caused depressions,” Jim Rogers added. “You saw what happened in the 1930s. It led to depression and it also led to war. So I hope it can be contained.”
Jim Rogers attacked Ben Bernanke stating, "is killing the people who save and invest, and that's really hurting a very, very large part of the population."
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That may be what China is saying publicly, and it may even be true for all I know, but I heard IMO a very astute observation in an interview the other day: "China which has per capita GDP of around $4,000 is not going to bail out Europe which has a per capita GDP of around $40,000." Makes sense to me.