Tuesday, May 17, 2011

next time we going to have a slow down it is going to be tough to pay

Jim Rogers : ...the people who are getting the money that the government is shoving out of the window , they are better off but the rest of us the overall situation is worse the debt is skyrocketing the money being printed is skyrocketing so the overall situation is worse , next time we going to have a slow down it is going to be tough to pay ....in FOX Busness

China the next great nation in the world

“I believe China is going to become the next great nation in the world,” - Jim Rogers

A guy like Obama would never have been able to run in Singapore

“The Chinese communist party is very smart – as are the leaders here in Singapore. There is a thorough application process to apply to run for office – all applicants are well vetted.” Jim Rogers says it’s quite rigorous, like “applying to Princeton” and added that “a guy like Obama would never have been able to run here (Singapore).”

not enough farmers in the world

“There are just not enough farmers in the world. There are vast stretches of empty land in Japan, believe it or not – with nobody to farm them.” - Jim Rogers

California and Massachusetts are more communist than China

“People call the Chinese ‘communist’…California and Massachusetts are more communist than China,” - Jim Rogers

Bearish on the US and UK

“The US has peaked in relative power, if not absolute power as well,” Jim Rogers says. He believes the US is now on a post-empire downward trajectory of sorts, analogous to the UK last century.

“Around 1918, the UK went into decline. By the mid 1970’s, it was bankrupt.”

“Starting in 1979, it experienced a bounce-back rally of sorts – thanks to their oil fields in the North Sea. Most people give Maggie Thatcher credit for their comeback, but the real white knight for the UK was the North Sea oil discovery,”
in www.minyanville.com

Keep your money outside the US

“Foreign exchange controls are coming to the US. The UK had exchange controls by 1939, and they remained in place until Thatcher repealed them,” “They never work. But politicians always resort to them.”
“So, while it’s still legal, and ethical, to do so, I would recommend diversifying your money outside of the US.”
"To my knowledge, no country to date has expropriated money from overseas that was already there before exchange controls were instituted – but the US is always an exception,” - Jim Rogers told a journalist at www.minyanville.com


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