‘Saudi Arabia’s Trying to Help Re-Elect Mr. Obama’: Investor Jim Rogers’ Take on the Global Economy
- Posted on July 6, 2012 at 2:55pm by
Becket Adams
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Global markets are on edge, oil prices are falling, gold continues to rise in value, Spain got a no-austerity bailout, Italy says it doesn’t need a bailout, Greece wants to get out of its austerity obligations, the U.S. has $1.5 trillion deficit, 8.2 percent unemployment, and a declining manufacturing sector.
Not a pretty picture, is it?
There is a lot of uncertainty in the global economy and very, very few analysts know where this thing is headed (although a lot of us can take a guess). But when we say “few analysts,” we don’t mean all. Luckily, there’s still a handful of individuals who, with years of experience under the belt, can offer advice or, at the
very least, warnings about what to expect in the future.
Jim Rogers is one of those individuals.
James Stafford of Oilprice.com took the opportunity to sit down with the legendary investor and pick his brain about the global economy and recent developments in the energy world.
“It’s been an interesting period in the energy world as we’ve seen oil prices steadily decline over the past few months and with the problems in Europe and slowdowns in India and China do you expect this trend to continue?” Stafford asked.
“Well, there is certainly a correction going on for various reasons. I think Saudi Arabia’s trying to help re-elect Mr. Obama. There are also stories that JP Morgan has problems in its London office with a lot of unauthorized positions they’re having to liquidate,” Rogers responded.
“I don‘t know what’s going on, but I do know that corrections are normal in the industrial world. There’s nothing unusual about it. If it continues, there’s an opportunity to buy more,” he added.
Later in the interview, Stafford turned to the topic of geopolitical events.
“The Arab Spring shook energy markets in 2011 — are there any potential geopolitical events taking place apart from the Iranian situation that could cause oil prices to skyrocket?” Stafford asked.
“There are always geo-political possibilities. If oil goes down, Saudi Arabia’s going to have more trouble buying peace. Any country’s going to have more problems buying peace,” Rogers responded.
He continued:
Iraq is being driven into the arms of Iran. America has spent staggering amounts of money in this region, and what we’re getting for it is a possible alliance between Iran and Iraq.
All sorts of things could happen in the future, especially if Iran and Iraq get closer together. That’s going to put America in a terrible situation, the world in a terrible situation.
The good news is the world is always changing dramatically. The bad news is, the world is always changing dramatically.
Rogers and Stafford went on to discuss everything from the possibility of oil prices falling below $40 a barrel, why Rogers is optimistic about Nuclear energy, unrest in the Middle East, and why Greece should be allowed to fail.
Front page photo source: Polinance
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Comments (50)
321481
Posted on July 7, 2012 at 11:36amSaudis backing Obama, why wouldn’t they, he can be bought and they have the money to do it. We are just pawns in this whole thing. The only thing we are good for is taxing us more. The Saudis have oil, they need defending, Saudis do not like Iran. It is a win win for THEM. If need be us lowly American citizens can fight and die at the orders of Obama like cannon fodder, who really cares. The elite are doing what they have always done, what they want to, us lowly American citizens will do what we always have done, what we are told. I think we are headed toward a financial collapse, when that happens it will be all we can do to protect ourselves.
Report Post »teebubba
Posted on July 7, 2012 at 3:21pmThe Saudis are playing both sides of the street in every American Presidential election. It’s pocket change to them to always have access.
Report Post »Individualism
Posted on July 7, 2012 at 11:02amSo it seems Saudi Arabia has more of a stranglehold on the Democrat party While Israel has more of a stranglehold on the Republican Party.
Report Post »Moozmom
Posted on July 7, 2012 at 4:11amWho the heck are we kidding? Obama was never elected;he was placed by world government. The “election” was beside the point and the motions were just gone through to make it look like an election took place. And, surprisingly enough, Obama will “win” this November, by magic. Because the world government and terrorists and communists are working together to meet their goals. Never felt like America was done, but it is; it is now part of a world government and not a separate, free country.
Report Post »teadispenser
Posted on July 9, 2012 at 9:58amGood post. I, too, am coming to share your opinions.
Report Post »Daveed
Posted on July 6, 2012 at 8:17pmOf course other Nations are working in unison with all the Anti-American forces at play here including this Administration and all it’s staff, Liberal Congress and House, and the liberal Progressives Republicans of which none of them including women have no guts and incapacitated by the disease of political correctness. God have mercy on their souls. America has been sold out piece by piece without the “Peoples” consent. The smallest minority of people is the Government, these 538 people are deciding our and our generations futures based on their warped dysfunctional lives growing up and now they are warped dysfunctional adults who are tell us that as carbon elements we are nothing but tools and are not precious, valuable or sacred unless they tell us we are. Kick em to the curb!! America does not want them, does not want them. Not one of them is worth losing one freedom. Small Government and down with corruption in our Goverment. America belongs to Americans not Saudi Arabia, the Palestinians, Israel, China, Russia, Japan, Muslims, Africans and other nations have no business accepting monetary gain and working with this temporary President under the table. Obama does not speak for the AMERICAN PEOPLE, you have to earn respect and that guy has not earned the respect of the American people nor of the countries that do not always want national welfare from is. To Hell with being a worker bee for Obama. Obama plantation is closed.
Report Post »Hollywood
Posted on July 7, 2012 at 12:11pmIt doesn’t matter who is elected. America’s day is DONE. Roe v Wade made it a certainty. The MURDER of 50 million babies, since then assure the coming destruction of America. Europe sold it’s soul decades ago, and it too will be destroyed. Of course Iran,Iraq,Russia,Egypt,Sudan,Libya,Turkey etc will be destroyed when they attack Israel. God does not forgets his promise. Genesis Ch 12 V 3 states so, along with the future NEW covenant[Jesus] as Jeremiah 31 V 31 states. Sadly 2/3 of Jews, in Israel will die, abd 90% of the worlds’ population. Get DVD:
Report Post »THE DANIEL PROJECT, for details
Maranatha
girlnurse
Posted on July 6, 2012 at 7:51pm8.2% unemployment! In our dreams!
Report Post »ncrn7
Posted on July 7, 2012 at 5:09pmYou are a smart girl to know that. Most ding dongs in the country don’t.
Report Post »NOBALONEY
Posted on July 6, 2012 at 7:28pmSaudi‘s looking ’Forward’ to Apology tour II, and another bowed Obama to give more bling-bling to. Rogers has been living in Singapore for more than a few years. I’ll Start to worry when Rick Santelli and Glenn Beck move there too.
Report Post »dianna9490
Posted on July 6, 2012 at 6:48pmNot if Americans stand up to the people that they have elected and that they are PAYING TO DO A JOB – EVERY DAY! CALL THESE SENATORS AND CONGRESSMAN AND DEMAND THAT OBAMA BE IMPEACHED AND CHARGED WITH TREASON BEFORE THE NOVEMBER ELECTION!
Report Post »65Plus
Posted on July 7, 2012 at 10:09amCowards, all. Will not even put Repeal Obamacare into ANY appropriation.
Report Post »Hickory
Posted on July 6, 2012 at 6:12pmWe are being driven by Obama into the arms of the mosqueteers. He is a closet Muslim and his main purpose in life is to convert the US to Islam.
Report Post »65Plus
Posted on July 7, 2012 at 10:10amAND destroy the Country he hates and has always hated so much.
Report Post »BeingThere
Posted on July 6, 2012 at 5:36pmNuke them!!!!!!
Report Post »VanceUppercut
Posted on July 6, 2012 at 7:11pm@BeingThere
Hold your horses there, Curtis LeMay. You do realize you’re talking about an entire nation of people right?
Report Post »girlnurse
Posted on July 6, 2012 at 8:01pmOur biggest problem is our own dumbed down people who are trying to vote Obama back in!
Report Post »zoro51
Posted on July 6, 2012 at 5:05pmtry as they may he wont return see america IS NOT A SOCIALIST MARXIST MULUM nation obama will be dejected n the arabs thrown under the bus for ONCE N FOR ALL then america WONT need the camels oil EVER AGIN u watch what happends next in america… the END of socialized america n arab muslum influence … to campaing n ask for money IS CRIMINAL.. obama has stept over the line far too many times .. HE MUST GO PERIOD!
Report Post »All Pro
Posted on July 6, 2012 at 4:01pmI seem to remember being warned about all of this because of the US’s foreign policy by a congressman from Texas. Now what was his name……………………………………………………..
Still think Romney is the great white hope?
BAW-HAW-HA-HA!
Oramba 2012
Report Post »KEEP THE CHANGE
MFHorn3
Posted on July 6, 2012 at 3:57pm@JROOK “One of the truly great myths is the notion that every individual acting on behalf of their own self interest will somehow result in better communities, countries and a world condition.”
So, you seem to be advancing the notion that the world will somehow be a better place when individuals begin acting against their own self interest. Please elaborate.
Report Post »mike_trivisonno
Posted on July 6, 2012 at 3:43pmOften, American foreign policy and American military policy are different things at different times and many times contradictory. It vexes our enemies.
Report Post »TeaDestroyer
Posted on July 6, 2012 at 3:39pmProgressive Socialism scores another win; the Saudis, the Libs, the Blacks, The Illegals, the Abortionist crowd have their Obama and the GOProgressive RINOs have the Etch-A-Sketch that can’t win. Romney, please bail while we still have time to get a true patriotic conservative.
Thanks for nothing, Fake Conservatives.That painful irritation in your conscience is your Romroids flaring up again.
Report Post »65Plus
Posted on July 7, 2012 at 10:13amBut…but…but…we have…JOHN ROBERTS, Defender of the Constitution. Sucker up to the NYT! He will save us.
Report Post »Snowleopard {gallery of cat folks}
Posted on July 6, 2012 at 3:34pmThe Wahabists of the house of Saud see this as the perfect time to expand their influence and that of Islam into the United States, as they may have no more opportunity for another generation or two. It also helps they have an ally in the Chief Radical Obama who invites them in along with the Muslim Brotherhood as well.
Report Post »VanceUppercut
Posted on July 6, 2012 at 7:15pm@Snowleopard {gallery of cat folks}
You do realize that the Saudi royal family are close personal friends with the Bush family right? Remember when all flights were grounded after 0/11, and Dubya made an exception and allowed the Saudis to fly out of the U.S.? It’s funny, i don‘t remember any Conservatives claiming that the Bush’s were part of a plot to spread Islam in America.
Report Post »A.D.Hominem
Posted on July 6, 2012 at 9:25pmActually, from everything I’ve read, the House of Saud is scared spitless (no small thing in a desert) of the Wahhabis in their midst, explaining a lot of their foreign policy. Afraid of losing some of their power or being overthrown, the Saudi royals, like a few Europeans of the past, prefer appeasement to confrontation. And they still have a ton of money, so their appeasement train is a long way from pulling into the station. We’ll see how that goes. I prefer the Emirates myself.
Is Obama’s foreign policy the same? I don’t know, but coddling the murderous peace loving Muslim Brotherhood and Hamas, and throwing a large portion of North Africa and the Middle East to a questionable fate doesn’t bode well in my eyes.
@vanceuppercut: Nice red herring, but it’s a little old and starting to stink. If all you can do is regurgitate fallacies and flies, then close your mouth to keep them in, or better yet, think. Didn’t your mother ever tell you, “two wongs can’t fly one kite?” And sure, feel free to throw the unsolicited advice back in my face. Just stay away from the mace.
Report Post »soybomb315
Posted on July 6, 2012 at 3:31pmDon’t forget the Obama controls the banking/financial sector. If the economy doesn’t pick up by this fall, he will just have the federal reserve print some money and create the illusion of prosperity. Romney is on record saying there is nothing wrong with the federal reserve and Bernake has done a good job…Do you think Romney will figure it out between now and November? The ONLY way to win is to nominate someone who believes the same things Ron Paul does – that the financial system is corrupted and is stealing the wealth of this nation – then you will get the majority of Americans on your side.
It doesn’t have to be Ron Paul – just someone who agrees with him
Report Post »docgreen
Posted on July 6, 2012 at 3:56pmLook people obama doesn’t care at all about the Economy! Theres coming a point when he knows he won’t be re-elected, “God help us when he does”! At this point three things are going to happen. First, War with Iran, then he’ll declare Martial Law. Last he’ll collapse the Dollar and all other currencies will follow! It may even happen before the election! All this is being orchastrated by obama the muslims and the NWO all in the same breath! Henry Kissinger stated “obama will be the head of the NWO”! He’s islams global caliphate/12th imam, and to us Christians he’s the AntiChrist! Have you ever wondered why the Bible tells us people cant buy and or sell without the mark of the beast in their right hand and or forhead? Terrorism is being used to push us forward to this. The gov.s of this world will think its helping to this to stop terrorism. Its all orchestrated by obama and the NWO and last the muslims. What could go wrong with this? Besides everything!…..
Report Post »Meyvn
Posted on July 6, 2012 at 3:26pmThe Saudi’s have never been our friend, despite what we’ve always been told.
Report Post »docgreen
Posted on July 6, 2012 at 3:44pmmuslims will hang out with muslims! When do ya think we’ll wake up and realize obama and all muslims hate the US, Israel and the West and all other countries! Who do you think gives money to build mosques in the US? Or what about oil, do people realize that allot of Gas Stations within the US are owned by; you guessed it muslims. Why would they want to do that? Well we give them our money for Barrels of oil and they in turn send it to muslims within the US, so they can purchase Gas Stations! Were screwed twice from these idiots! Don’t forget when they donate large sums of money to Colleges and Universitys theres allways a stipulation that a msoque be built and they get to choose the instructors and the imams! Its called Chairing! Saudi does this to influence instructors and intertwine themselves into the backbone of the College/University. What could go wrong with this? We all know islam is a cult and they call it a religion. So what happens when that religion is forced upon the University? All the muslims have to do is say we gave you money! They then get whatever they want! Its happening all over the US at Universitys and Colleges! People they’re working on a trojan horse!
Report Post »13th Generation American
Posted on July 6, 2012 at 3:22pmI’m surprised they are helping President Obama, he‘s been ordering the killings of hundreds of Muslim terrorists and he’s batting a thousand.
It makes sense though. With Obama taking out all the terrorists, The House of Saud can rest knowing Obama has their back so they can ship Oil.
Report Post »HKS
Posted on July 6, 2012 at 3:19pmWhy am I not surprised to find Muslim countries supporting Obama, bird of a feather and all.
Report Post »Mutiny
Posted on July 6, 2012 at 3:18pmLets also remember 15 of the 19 hijackers on 911 were from Saudi Arabia. The others two were from the United Arab Emirates, one from Egypt and one from Lebanon. Notice none from Iraq, Afghanistan, Syria, Libya, Yemen, or Iran.
Report Post »KeithOlberdink
Posted on July 6, 2012 at 3:17pmOf course the muslims in Saudi Arabia want the commander and chief muslim re-elected. This is a shock to who?
Report Post »Mutiny
Posted on July 6, 2012 at 3:15pm“Iraq is being driven into the arms of Iran. America has spent staggering amounts of money in this region, and what we’re getting for it is a possible alliance between Iran and Iraq.”
Great foreign policy guys, lets keep it up. When are we going to realize we are only making things worse? Why are we still in Afghanistan? Why do we care what happens in Syria? If Iran ever has the ability to make a nuclear bomb, do you not think Israel is going to act? They have enough fire power to handle the entire middle east solo. Quit funding their enemies and unchain Israel. God protects Israel.
When Netanyahu spoke before Congress on May 24, 2011 he was very clear what he needed from the United States.
Report Post »http://www.youtube.com/watch?v=4H3Kyt1iGEE
rgalunas
Posted on July 6, 2012 at 3:14pmNo comments on this issue>>>>
Report Post »rgalunas
Posted on July 6, 2012 at 3:13pmWow revelation, Arabia is buying everything!!!! Universities top of the list to change history to favor islam…
Report Post »cloudsofwar
Posted on July 6, 2012 at 3:09pmso Saudi Arabia is trying to help Obama get re-elected you mean like they helped him to get elected in 2008. now tell us something we don’t know.
Report Post »rgalunas
Posted on July 6, 2012 at 3:16pmno comments allowed on this hot topic …. hmmm ?????
Report Post »JRook
Posted on July 6, 2012 at 3:21pmIf the self proclaimed multinational corporations can contribute endless money into PACs that exist to disseminate BS in order to influence elections than why should other countries get involved. Particularly since they probably have more positive and ethical motivations than the multinationals do. The world is where it is today because of the actions of the wealthy and large corporations. Either because they want it this way or because they have failed to manage events well. One of the truly great myths is the notion that every individual acting on behalf of their own self interest will somehow result in better communities, countries and a world condition.
Report Post »Meyvn
Posted on July 6, 2012 at 3:27pm@rgalunas: You can extract your head from your @ss anytime now.
Report Post »