Since the crash of 2008, the world economy seemed to be slowly getting back on track. However, more and more voices - among our guests as well - are warning the public about a looming cataclysm in the financial world. How damaging will the new collapse be? What is leading the world into a global turmoil? And when the flames rise up, is there going to be anyone this time to pull the international community away from the brink of global war? We ask a legend in the world of investment, a co-founder of Quantum Fund - Jim Rogers is on Sophie&Co today.
JR: Do you know how to drive a tractor?
SS: No, I don't. I don't even have a driving license.
JR: Really? Not even a car?
JR: Oh my Gosh, I don't know if I ever met anybody...
SS: I'm the old-fashioned type.
SS: So it will be the first time we'll have a businessman at the helm of a state. Do you think that will change anything? Having a businessman being a President?
JR: If Donald Trump does what he says he's going to do, we're going to have trade wars with lots of people, such as China, such as Mexico, probably Russia, who knows - and trade wars have always led to bankruptcy and, often, led to war. So, if mr. Trump does what he says he's going to do - I've told you to be worried. If mr. Trump wins and does what he says, you'd better be panicked, because the world is really going to fall apart. It is an absolute disaster, the worst might happen and we might have big wars at that point. Now, one thing about it, Sophie - you have job security, because journalists have to report it, somebody has to report to us what's going on and if this is all very bad, which will happen if he does what he says, it's going to be really, it's going to be a terrible world. I worry about my little girls in that world.
SS: I'll make sure to report on it. Well, Jim, thank you so much for this delightful interview, it's been a great pleasure having you with us here, in Moscow, in our studious, hopefully we will see you soon. We were talking to Jim Rogers, one of the most famous names in the world of trading and investment. We were discussing where the world economy is heading and where we should be investing our money. That's it for this edition of Sophie&Co, I will see you next time.