“Look out the window. The debts are the highest in the history of the world… and it gets worse every day,” warns legendary investor Jim Rogers in this explosive sit-down with Daniela Cambone. “Yes, we need [detox]. But when the pain starts, people say, ‘Wait a minute. I didn’t know it was going to be this much pain. I want the easy way.’”
Rogers, co-founder of the Quantum Fund, reflects on his former intern Scott Bessent—now U.S. Treasury Secretary—who’s reportedly advocating to revalue America’s gold reserves: “He knew nothing about money… he had planned to be a journalist… and look at him now.” He slams current monetary policy: “Debasing the currency… it’s great for a while, but in the end we all suffer.” And on tariffs: “They are taxes. I prefer not to pay more for things.”
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Chapters:
00:00 – Scott Bessent is Jim’s intern
02:11 – Is the gold standard returning?
04:00 – U.S. debt is soaring
06:43 – The future of the Federal Reserve Chair
08:10 – How to prepare for what’s ahead
09:46 – Currency debasement explained
11:00 – Are tariffs actually beneficial?
12:59 – Where is gold headed next?
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For more than 28 years, Phoenix-based ITM Trading has been a nationally recognized organization for trusted, data-backed research and investor education in the precious metals industry. They strategically assist clients nationwide, specializing in the different functions that physical gold and silver products provide in a diverse portfolio. ITM Trading’s mission is to give investors the knowledge, analysis, and lifetime strategies they require to confidently navigate the intricate monetary policies that restrict economic freedoms. They help build each client a custom portfolio designed to protect and grow their wealth and assets during economic downturns, hyperinflation, and currency resets.
Disclaimer: The information provided in this video is for educational purposes only and should not be construed as financial advice. Gold and silver prices are influenced by many factors and may fluctuate. All assets carry some risk and past performance does not guarantee future results. The views expressed by our hosts or guests do not always reflect the views of ITM Trading nor guarantee a specific outcome. Always conduct your own research and consult a financial advisor before making any investment decisions.
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23 Comments
It was an accident moe ,nuk nuk.nuk 😂🤣😭
Happy Birthday, James. Thank you for sharing your financial wisdom with the world to the benefit of many who listened. October 19, 1942 is also my date of birth, and I agree with you that, "It is a good time to be old." But October 19, 1956 was a good time to be young. No matter what the future may bring, the jubilant past is ours to keep and savor. Best wishes for you and your family on your day.
Non Ho fiducia degli amici soros
Hey Jim, if tariffs were such a bad thing, all of our trading partners wouldn't be using them.
Trump is pro dollar….never gonna go on some ancient gold standard….never gonna happen till after the collapse
King Powell is the most powerful man in the U.S.!
No one, absolutely no one can interfere with his Kingdom!
King Powell is not only a King but a Puppet.
He answers only to the richest bankers.
Whatever those rich bankers say to King Powell, King Powell says yes!
Why do we still have a Kingdom (the Federal Reserve) in our Country?
Why?
What does the U.S. Constitution say about how our financial institution must be formed and what part of our federal Government is charged to oversee our financial system?
Roger that jim
In the "Detox" gold will get crushed like everything else…and then, if u still have liquidity, feel free to buy. DEflation is the biggest threat. That is how dept is extinguished. In deflation, No one has any cash, do you have any cash?
There's 3 forms of gold: physical(AU 💰), spiritual ✝️📖🛐, and now, also, digital Gold (BTC ). 😌
Don’t forget in 1933, during the Great Depression, the U.S. government effectively confiscated most privately held gold.
Here’s the short version:
• Executive Order 6102 (signed by President Franklin D. Roosevelt on April 5, 1933) required U.S. citizens to deliver most of their gold coins, gold bullion, and gold certificates to the Federal Reserve in exchange for paper currency.
• The stated goal was to stop gold hoarding, stabilize the banking system, and allow the government to expand the money supply during the economic crisis.
• People were allowed to keep a small amount (up to $100 worth, roughly 5 ounces at the time) and certain collectible coins.
• Violating the order could lead to fines of up to $10,000 (a huge sum back then) and up to 10 years in prison.
Do what Jim has done, divorce yourself of all US assets , get established kn another friendly country.
It won’t happen, trust is gone, so people think well we will all go down with the ship and then the best swimmers might survive.
Bessent and sorta try to destroy the pound, just another crook.
Vietnam is the new China.
Americans have too many things
Gold will not go down below 3000, Reset to 15,000. Have a friend who us retired. Owes about 80,000 on his house. Has about 100,000 in Roth IRA. Told him to cash it in, pay off his house, buy some gold and silver. Hope he listens.
remember when they are talking about pain wether its the gold standard or anything else they mean pain for you not them.
Daniela moving like kamala. Why??? She was never like this.
El Taco will 💯 keep borrowing trillions so could you use 2 million ounces of FREE Gold ? Flying under the radar Mux is giving it away now. You are only paying for the Silver and Copper reserves 💕 🚀💰
Excellent commentary and interview. Thank you
Free lunches, wining and dining …the party is over dudes. The US government and politicians from both sides have abused everything especially common Americans enriching the corrupted politicians and oligarchs and made the financial system and Wall Street a casino and milking machine…milking ordinary Joe and Janes to the last drop …there's nothing else left to milk. All the predatory loans designed as debt traps from education loans to credit cards is no longer feasible…. everyone is practically squeezed bone dry.
The ordinary folks are waking up although late ..it's better than never. Will it be beyond the point of no return?
He is a Great Grea Man !
Jim predicted 7 of the last 2 recessions. Nice guy though.