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Monday, February 22, 2010
Jim Rogers: Britain Bankrupt
In a recent interview, commodity investor Jim Rogers stated that Britain is bankrupt, and there's not a bank in the country that's not in trouble.
Other than oil and banking, the UK hasn't had much going for it, and oil is depleting while the UK banking industry is in shambles he said.
Jim Rogers reiterated that investing in real assets is the way to go over the next 30 years, and those that produce "real things," will dominate the business landscape.
Rogers recommends, as mentioned, real assets, raw materials, commodities, and to stay away from the U.S. dollar and sterling for sure. The currency Rogers says he's investing in now is the yen.
He also said he is buying China shares again, signifying he things they are near a bottom.
Jim Rogers on what to invest in
Thursday, January 1, 2009
Overstock CEO Patrick Byrne: Get Rid of the Federal Reserve
Byrne also talks about the possibilities of the retail industry getting a piece of the bailout money.
Friday, December 19, 2008
Jim Rogers Giving Clinic on Identifying and Solving Economic Crisis Part 5 of 5
Points covered in video:
Why Rogers moved to Singapore
Saw housing problems coming
Saw finanical problems coming
Wanted children to grow up in Asia
Future is Asia
Part One Part Two Part Three Part Four Part Five
Jim Rogers Giving Clinic on Identifying and Solving Economic Crisis Part 4 of 5
Points covered in video:
Obama plans on taxing capital, which will be a disaster
Obama also plans on more protectionism, which will also be a major disaster for the American and global economies
Historically power follows the money, money is flowing to Asia
People also follow the opportunities capital provides
Talks on living in Singapore
Part One Part Two Part Three Part Four Part Five
Jim Rogers Giving Clinic on Identifying and Solving Economic Crisis Part 3 of 5
Points covered in video:
Where the opportunities are now
In forced liquidation period
Find things where fundamentals are unimpaired
What is unimpaired are raw materials, commodities
Supplies of everything will continue to decline
Categories like farming, mining and lumber will be significant going ahead
Farming has severe shortages now
Even though demand is going down, supply is going down faster
Historically commodities tend to come back first in tough times because of shortages of everything
Alternative energy a long way from being reality or affordable
Future of China and America over next 30 years
Part One Part Two Part Three Part Four Part Five
Commodities: Economic Crisis Part 1 of 5
Points covered in video:
Bailouts
Not good for America or world
Bailing out those making bad decisions
Incompetent people should be allowed to fail
Competent people or businesses can start over from strong base ... system grows again
Bailouts are taking assets from the competent and giving them to the incompetent
Entire system is weakened as a result
Incompetent keep bonuses because taxpayers are paying the bill
America as we know it will not exist any more
People responsible haven't even lost their jobs
Previous round of people that did lose their jobs walked away with millions
Money has shifted to Asian economies
Obama has no answer but wants to spend even more
It took 200 years to build a $5 trillion debt in America, in less than a year it stands at least at $15 trillion
Must allow incompetent to fail
Someone has to pay for the last 10 years of excess
18 years after Japan refused to let anyone fail, it still hasn't recovered near to levels at that time
Amazingly, Alan Greenspan went to Japan about 18 years ago and told them they needed to let things fail. He forgot his own correct advice
America now doing the same thing as Japan
Alan Greenspan main culprit of current economic crisis
Should be very worried about future of America
Part One Part Two Part Three Part Four Part Five
Thursday, December 18, 2008
Commodities: 'Getting out of U.S. dollars'
Wednesday, November 19, 2008
Commodities: Jim Rogers TV - Why Regulation Fails
Some of the things covered by Rogers in this video:
Regulation and its failures
Will pass blame and take wrong steps
Need to let companies fail so system can be cleaned up
Takes assets away from competent and giving them to incompetent
Inflation on the horizon
Hold on to real assets
Part One, Part Two, Part Three, Part Four
Commodites are going to be even more significant in the future as demand for natural resources will rebound with a vengeance!
Commodities: Jim Rogers TV - Future and China
Part One, Part Two, Part Three, Part Four
Even though growth in China has slowed from its recent heady days, demand for natural resources will continue to push commodity prices higher over the long term.
Commodites: Jim Rogers TV - Fundamentals Strong
Part One, Part Two, Part Three, Part Four
No matter what happens in the near term, commodities will continue on in a bull market, and the current economic crisis will only extend it, not end it!
Commodities: Jim Rogers TV: - Talking U.S. Dollar
Part One, Part Two, Part Three, Part Four
The U.S. dollar will no longer be the trusted commodity it has been in the past. Those days are over.