In the next year or two we are going to see some kind of major, major longer term problems in the world financial market. The next stock correction will cause central bankers to panic, that may happen in the next few weeks or months, and then we will have the galloping to the rescue, the save us all, that turns into a big rally.
Certainly by 2016 there is going to come a time where there is not much the Central Banks can do, when they have lost all credibility, the Governments have lost all credibility. They will print, and spend and borrow but there`s comes the time when people are going to say: We don`t want to play this game anymore.
And at that point is when the world has a serious, serious problem.
Jim Rogers is a legendary investor that co-founded the Quantum Fund and retired at age thirty-seven. He is the author of several investing books and also a renowned financial commentator worldwide famous for his contrarian views on financial markets.