Monday, April 28, 2014

Brazil: The Next Great Country in The World?

Part of the problem with South America is they constantly come up with these absurd governments. You see what is happening now with Argentina at the moment. Brazil is full of natural resources and I am wildly bullish on natural resources but the Brazilians say, this is not me saying this, the Brazilians say, "Brazil is the next great country in the world. It always has been, and it always will be." And then you ask them why and they say, "Look, Brazil is a God chosen country. This is the one that it is the best, he gave us everything but then he sent the Brazilians to run Brazil."

The current leader of Brazil, I am sure she is a wonderful woman but she is also making many of the mistakes which Brazilian politicians historically don`t make until bear markets come to Agriculture.

Related ETF: iShares MSCI Brazil Index ETF (EWZ)

Jim Rogers is a bestselling author, financial commentator and successful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI).