Prepare for the recession, get some agricultural commodities and silver, urges Jim Rogers

The recession is coming, there is no way to prevent it, warns renowned investor Jim Rogers. For couple of months the chairman of Rogers Holdings and Beeland Interests, Inc. is calling for recession. The reason for this is that he feels United States' enormous debt levels and upcoming fiscal cliff will propel into yet another economic spiral.

Jim Rogers stated his opinion that the next two years - 2013 and 2014 will be worse than the fallout four years ago in 2008. The Federal Reserve has announced an extremely aggressive QE3 and that forced Rogers to become extremely bearish on the U.S. dollar. In the investments guru's opinion, it will suffer the same losses that the pound sterling did years ago.

But there is something we can do about the upcoming fall as Jim Rogers shared his ideas how to overcome the recession. He advices to go for agricultural commodities. Based on history, Rogers feels these assets are depressed and that they will have plenty of room to run given rising demand for food around the world.

Second, Rogers stated that he likes silver better than gold as he feels it to be undervalued by comparison. The bull market in gold won’t end until it too reaches a bubble sometime near the end of the decade, so there is good chance to win if you bet on silver.

And lastly, Rogers has been boasting two foreign currencies. His eyes are set on Asia and he considers Japanese yen and Chinese renminbi as good investment. Mr. Rogers is not worried about a China slow-down in the last year.