Jim Rogers: "I expect more currency turmoil, more social unrest, more governments collapsing" (CNBC)

Video - Jimmy Rogers - Feb. 3, 2011

• "I don't own many equities, because I don't know what's going to happen in the world economy.  I expect more currency turmoil, more social unrest, more governments collapsing.  So I am investing in currencies and commodities rather than stocks."

• "I have been explaining to everybody on CNBC for two years now that food prices are going to go through the roof, they're going to explode.  We have serious shortage of everything developing, including shortages of farmers."

• Unique Slideshow - Inside The Fed

Comments

[john]

Speaking of collapse and roof......... There have been more than 70 building collapses in my region of New England due to heavy snow loads.... Rain is predicted on Saturday..... All of the forclosed homes have NOT been maintained. Looks like Saturday will probably finish them off. I wonder who will have to pay for the losses? Any ideas?

[Canuck]

Quote>>World food prices have hit their highest level on record in January, the United Nations has said.

It said on Thursday that its Food and Agriculture Organisation Food Price Index rose for the seventh month in a row to reach 231, topping the peak of 224.1 last seen in June 2008.

It is the highest level the index has reached since records began in 1990./quote

http://redactednews.blogspot.com/2011/02/global-food-prices-hit-record-high.html

Not good.

[Aint' Bullshitin']

Who's hungry?.........Burgers for ALL!!!!!!!!!!

[DailyBail]

@john...good question....if they have been foreclosed, the banks own them and now must pay for any damage including collapsed roofs...am i missing something here...

[DailyBail]

@canuck...excellent link thanks...i saw that yesterday..i'm going to post a story with the bloomberg clip...

[DailyBail]

@ AB....i'm hungry...i'll have 2 burgers today, and gladly pay you on Tuesday...

http://www.youtube.com/watch?v=NJ6xBaZ92uA

Popeye clip...

[john]

@DB.... No you aren't missing anything. I will mention that there will also be flooded basements and basement damage too due to frost.....

I add that in the Boston area, residents HAVE to shovel the sidewalks abutting their properties or pay a fine..... Boston is now fining the banks for not doing this on the foreclosed homes. Also there may be issues pertaining to these damaged homes when municipalities condemn then. Municipalities may be able to seize said properties for tax reasons, unpaid fines etc..

[Why Rich Stay Rich]

When Mayor Bloomberg came into office there was just one executive cook at Gracie Mansion to make the VIP feasts.

Today there are three - costing taxpayers a whopping $245,000 this year.