The Impending Economic Meltdown w/Investor Legend Jim Rogers, Alexander Mercouris & Glenn Diesen
The Duran Podcast
The Duran
4.5 • 738 Ratings
🗓️ 3 October 2024
⏱️ 62 minutes
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| 0:00.0 | Hi, everyone, and welcome to today's discussion. |
| 0:03.8 | I'm Glenn Dyson, and I'm joined by Alexander McCurris, |
| 0:06.8 | and I'm very excited about today's guests, |
| 0:09.9 | which is the great investor legend, Jim Rogers, |
| 0:13.4 | who will enlighten us about the direction of the economy |
| 0:17.2 | and problems building up. |
| 0:20.0 | Welcome, sirs. Yeah, quite a privilege to have you up. Welcome, Saris. |
| 0:21.5 | Yeah, quite a privilege to have you on. |
| 0:23.8 | Well, thank you, Glenn. |
| 0:24.8 | I'm not a legend. |
| 0:27.0 | I'm a simple person. |
| 0:30.2 | So a simple person trying to stay alive and stay softened. |
| 0:35.2 | Simple people say things which are sometimes complicated people just don't understand. |
| 0:41.3 | So thank you, sir, and we're still a legend for many people. |
| 0:45.0 | I am not smart enough to say complicated things. |
| 0:48.7 | I will leave that to you and Glenn. |
| 0:50.7 | It's the simple ones that are the true ones. |
| 0:53.5 | I guess, I thought we thought a good place to start |
| 0:56.9 | off with, is perhaps the direction of the world economy, because we see for a very long time, |
| 1:03.2 | I remember you speaking a lot during the great financial crisis of 2008 about the wrong direction, |
| 1:08.4 | and we have now low interest rates, which seem to have fueled many bubbles, maybe except in commodities. We have American and European debt seemingly becoming unsustainable. Stock market is doing quite well at a time when the fundamental seems to be getting worse. And overall, there seems to be a dilemma as we can't reduce rates without destroying the currencies or can't increase it without collapsing the economy. |
| 1:32.3 | So it seems a very unique time in history. |
... |
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