Saturday, April 30, 2011

America is the largest debtor nation

America is the largest debtor nation the world has ever seen. 30 years ago, America was a creditor nation. There was massive immigration into the United States because this is where the opportunity was. Now, they are going to be going elsewhere.

Everybody needs outside ideas and outside capital. People have tried to close foreigners out, but it usually ends in bankruptcy and other problems. North Korea and Cuba have done that, and it doesn’t work.

Singapore is a great place to move to. If you are smart or have capital, then they want you. You can get along fine speaking English. Stay tuned for more of Jim Rogers latest comments - Jim Rogers

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