Jim Rogers: "Volume Is Not Going To Come Back. We've Had A Great 30 Years. That's Finished!"

Jim Rogers is hedg­ing his gold (and sil­ver) posi­tions reflect­ing that this is nor­mal, fol­low­ing such a tremen­dous run, and that this is good for the pre­cious metal in the long-run. In his dis­cus­sion with Maria Bar­tiromo this after­noon, he notes India's anti-gold 'pro­tec­tion­ism' (and its poten­tial bal­ance of pay­ments issues) that are try­ing to force the hoard­ing into risky 'pro­duc­tive' assets (as oth­ers might say). The immutable com­mod­ity maven sug­gests JPMor­gan (and its peers) could be behind the drops in the over­all com­mod­ity com­plex as the uncer­tainty of their posi­tions (and liq­ui­da­tion poten­tial to raise cash as bank exam­in­ers begin their foren­sics) becomes more impor­tant. He holds the USD, which he hates; has a num­ber of equity shorts; and is most fear­ful of banks — specif­i­cally admit­ting he is a ser­ial seller of calls on JPMor­gan.

His advice, and per­haps Maria should look into it given their rat­ings recently, is to become a farmer; own farm­land; and spec­u­late on agri­cul­ture. On the dis­mal 'eth­i­cal' state of our lead­ers and man­age­ment, the thought­ful Rogers opines, "You can read world his­tory for decades. There are always peo­ple doing things wrong. We have not changed our human nature and we will con­tinue to have scan­dals and prob­lems" and in a follow-up to CNBC's stan­dard 'money-on-the-sidelines' argu­ment he crushes the money-honey's dreams: "Finance had a great 30 years. That's fin­ished. Now to advance, we have too many peo­ple, too many MBAs, too much lever­age and too many gov­ern­ments that don't like us". A must-see rebut­tal to the 'nor­mal' CNBC hopium with more on China's slow­down, a US reces­sion, Europe and a Greek exit, QE3, and 'tractors'.