I recently saw that Jim Rogers, the legendary investor who co-founded the Quantum Fund with Soros, is being quite direct in his warnings. This guy at 82 years old doesn’t beat around the bush: he says an inevitable global crisis is approaching in 2026, and this is no ordinary prediction. Rogers holds the record for predicting the 2008 mortgage crisis when Wall Street completely ignored him.

What’s interesting is that he not only talks, but also acts. He has already liquidated all his U.S. stocks. When someone who accumulated wealth over decades makes a move like this, it definitely invites us to think about what he’s seeing that we’re not.

According to Rogers, there are two time bombs. The first is the looming global debt hole, which could trigger a crisis of epic proportions. U.S. debt has already surpassed 37 trillion dollars. To visualize it better: the federal government adds 3 million dollars in debt every minute. Just in interest, the U.S. will spend 1.1 trillion in 2024, more than the entire defense budget. The money they collect isn’t even enough to pay the interest.

Japan is even worse. Its debt is over 250% of GDP. For context, when Greece entered crisis with debt at 180% of GDP, global markets collapsed. Worldwide, public debt has already reached 315 trillion dollars. It’s literal: if you combined all the money of every person on the planet, it wouldn’t be enough to fill that hole.

The second bomb is the artificial intelligence bubble. And here’s where it gets interesting. Rogers doesn’t say that AI technology is fake, but the valuation of the stocks definitely is. The seven big tech companies (Apple, Microsoft, Google, Amazon, Meta, Nvidia, Tesla) now represent 36% of the S&P 500 index. That means more than a third of market movements depend on just seven companies. During the dot-com bubble of 2000, the concentration was much lower.

Nvidia reached a market cap of 4 trillion dollars. To understand the magnitude: the top 20 companies in Europe combined don’t reach that. The Shiller valuation index is already at 40 times, approaching the 44 peak of 1999. And you know what happened after that. The Nasdaq collapsed 78% in two years.

Now, the most revealing part: while everyone is shouting that AI is the future, the same people who created these companies are making a frantic exit. Zuckerberg is selling Meta, Bezos is selling Amazon, SoftBank sold 30 million Nvidia shares for 5.8 billion. Michael Burry, the legendary short seller of 2008, is already shorting Nvidia. His stocks speak louder than his words.

Rogers compares this to Cisco in 2000. Yes, the internet revolutionized the world, but if you bought Cisco at the peak, you waited more than a decade to recover your money. The technological revolution and the price bubble are two completely different things.

So, what to do? Rogers is straightforward: keep cash, buy some silver, stay away from bubble assets. It doesn’t sound exciting, but in a context where a global crisis is approaching, preserving capital is more important than dreaming of getting rich overnight. For ordinary people, the smart move is to organize finances, reduce debts, hold liquidity, and be prepared for what’s coming.

Personally, I’ve been observing these signals for a while. Market concentration, insiders selling, valuations at all-time highs. A global crisis is approaching, and it seems that those who know more are positioning themselves accordingly. Maybe it’s time to review our portfolios and strategies.