International investor Jim Rogers advises savvy investors to cast aside your fear about Russia and listen to President-elect Donald Trump.
Invest in Russia and believe Trump’s Twitter declaration that only "'stupid' people or fools" would think that having a good relationship with Russia is bad,
"Trump is going to be friendly with Russia. That's an enormous change. You're going to see the rest of the world remove sanctions," CNBC reported Rogers as saying.
His bullish view on Russia is based on his view that relations between the United States and Russia will improve Trump takes office as the 45th president of the United States, providing a boost to its depressed economy.
"But something has happened in the Kremlin. They understand that they cannot be the same old czarist and communist plutocrats that they were," he said.
Rogers is long the ruble and Russian markets. "I was bullish on Russia before Trump came along with his positive comments," he said, noting that he has been investing heavily there over the last few years.
Although Rogers acknowledges that the Trump effect has had "an impressive effect on the U.S. stock market," he says "many stocks are now expensive."
Rogers is not optimistic about investment prospects in China.
He says Trump's hawkish stance on China will stall the country's economic growth engine. And there is always the threat of a trade war.
"America and China could really boom together, [but] Trump seems to have it in for China. I don't know why, since he and his family do huge amounts of business in China," Rogers said.
"Some guys that Trump has appointed do understand how the world works. On the other hand, he's got some people who are vehement that they need to attack China," Rogers said.
For his part, Trump said only "'stupid' people or fools" would think that having a good relationship with Russia is bad in a series of tweets Saturday morning.
The messages came on the heels of a post late Friday slamming the Democratic National Committee for its "gross negligence" that opened the way to allow Russia to hack into its computer servers during the presidential campaign.
Trump kicked off his morning tweets at about 6 a.m., when he insisted there was "no evidence" that Russian hacking affected the election.
His post came after he was briefed Friday by U.S. intelligence officials on a report that blamed Russian President Vladimir Putin for directing hacking operations on the DNC and other party operatives in hopes of swing the election Trump's way.
President Barack Obama, who ordered the report, received it on Thursday, and a declassified version was released to the public after Trump was briefed.
"All three agencies agree with this judgment," the report said. "CIA and FBI have a high confidence in this judgment; NSA has moderate confidence."
But Trump has continued to question the conclusions, and on Saturday continued his contention that maintaining a relationship with Russia would benefit the United States.
In the second of his earlier tweets, Trump said the continued discussion about the DNC hacks is occurring because of Democratic nominee Hillary Clinton's loss to him:
A few hours later, Trump reappeared on Twitter to comment about "stupid" people being against a good relationship with Russia:
Within minutes, Trump added to that, continuing his thought with two more tweets, promising Russia will respect the United States once he take office:
And his hope the United States and Russia can work together to solve the world's problems:
(Newsmax wire services contributed to this report).
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