by Chris Waltzek
Chris welcomes back Jim Rogers from his Singapore office – he notes twice as many US stocks were down in 2015 as up, a bearish market breadth indication. The primary reason why the equities indexes remain aloft is the enormous debt burden added to the balance sheets of the Fed, BOJ, EU, BOE, PBoC since 2008. But unlike 2008, 2000, 1987 and even 1929, the US is now the largest debtor nation in the world, putting the country at elevated risk of default. Our guest thinks this presents the most precarious economic quagmire in national history. He’s currently long the US dollar (from much lower levels), the Yuan, Chinese stocks, short US shares, long agricultural futures and holding on tightly to gold / silver. Ever the patient investor, like a praying mantis, he is poised to increase his gold / silver exposure.