Jim Rogers on the Best Investments to Make When "Everything Has Problems"

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Jim Rogers, the legendary Wall Street trader and best-selling author, is at it again.

In a new book and a series of recent interviews, he's explained the best investments to make now as central bankers flood the planet with paper money, creating a nightmare environment for investors where "everything has problems."

"For the first time in recorded history, we have nearly every central bank printing money and trying to debase their currency. This has never happened before," Rogers told Chris Martenson at PeakProsperity.com.

Rogers blasted the "overconfident incompetents" who run the U.S. government and Wall Street. He labeled U.S. President Barack Obama as "delusional."

He said as central banks maintain policies of low interest rates and inflation, individuals and households are being punished, while the irresponsible are being rewarded.

Jim Rogers on the Death of the "Saving Class"

Now invested mostly in commodities and currencies, Rogers has a gift for spotting long-term trends – from the housing crash and credit crisis, to the rise of Asian economies.

In his new book called "Street Smarts: Adventures on the Road and in the Markets," Rogers says the biggest danger to global economies is the deterioration of the "saving class."

Rogers believes Ben Bernanke's monetary policies are benefiting only a few people in Washington and Wall Street — at the expense of the middle class.

"Many people saved their money…and didn't buy four or five houses with no job and no money down," said Rogers. "They did…the right thing. But now, [they] are getting virtually no return on their savings and their investments. They're bailing out the people who did it the wrong way. The people who did save…are being destroyed."

Throughout history, Rogers says, destroying the saving class has always had disastrous results, citing 1920's Germany as a prime example.

"This has happened before, and the aftermath has always had grievous economic, social — and often human – costs," said Rogers.

Jim Rogers: "Farmers Driving Lamborghinis"

Mindful of the uncertainty created by the global money printing spree, Rogers says investors should stick with what they know.

"Don't go putting your money into some hot tips you hear from a guy on radio or TV. Certainly don't listen to the government telling you what to do," he told Glenn Beck.

Repeating a recent theme, Rogers would still put his money in hard assets — especially farmland and agriculture.

"We're going to have serious food shortages, not just in America but in the world," said Rogers. "When I speak to universities and students, I tell them all they should be studying agriculture. They don't want to do it. They all want to get MBAs."

He noted that the United States graduates over 200,000 MBAs a year, versus roughly 5,000 in 1958. Instead, he thinks they should be studying agriculture or mining.

"Soon, stockbrokers will be driving taxis, while the farmers are driving Lamborghinis," he said.

The market seems to like agriculture as well.

Among ag stocks recently hitting 52-week highs were Kraft Foods Group Inc. (Nasdaq: KRFT), ConAgra Foods Inc. (NYSE: CAG), General Mills Inc. (NYSE: GIS) and Kellogg Co. (NYSE: K).

Another way to tag along on Rogers' ag bet is to invest with him directly in the Rogers International Commodity Index Agriculture Total Return Exchange Traded Note (AMEX: RJA).

The fund tracks a diversified cross section of big agriculture players in the global marketplace and has a tasty 7.2% annualized return for the past three years.

For more of the best investments to make now, check out our Money Morning experts' seven picks for 2013.

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Join the conversation. Click here to jump to comments…

  1. S | March 29, 2013

    Obama may be delusional but glenn beck has lost his mind

  2. H. Craig Bradley | March 29, 2013

    BETTER TO BE IN THE RIGHT PLACE FIRST

    Some investors are doing one better: killing two birds with the same stone. First, by buying productive agriculatural land in South America and secondly, by so doing they move U.S.D. out of the U.S. & its shakey banking system. One such investor is Simon Black (pen name), a retired Army Intelligence Officer who caught on back in 2001 when President George Bush lied about his intentions to invade Iraq. It was a done deal back then. He writes a daily newsletter sovereign man.com

    When and if food shortages come to America, the best place to live will be as far away from our cities as possible and as close to where the farmers and their crops are raised. Better to be near the source of the food than near the angry (starving) crowds, closed banks, and empty grocery shelves. Don't try to time the market by being in the right place AT the Right Time. Just plan on finding your right place if any of the predictions we read here come to pass in the next 10 years.

  3. jacques bacamurwanko | April 1, 2013

    awsome article and very much truthful: mining & agriculture are worth the investment

  4. Richard | April 1, 2013

    Can't wait to see this new breed of taxi driver.

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