One day soon, Jim Rogers is going to get his bowtie stuck in a wood chipper, and we will all be given quite a spectacle to behold.
How any of you can possibly think that the Asians will escape the collapse of the West is beyond me. The West indirectly and directly employs a majority of their labor force. We are now being given glimpses of the coming fall, as even the Chinese cannot keep a straight face and tell us “everything is fine.”
How bad will it really be?
I can’t say. Much of what is going to happen depends on exchange rates of currency that haven’t been set yet. But if the euro collapses, I can tell you unemployment in places like China or Japan is going to skyrocket. The Europeans may be lazy, but at some point their lazy labor is worth the investment.
Jim Rogers is counting on Chinese leadership filling the void after some undetermined point at which Western culture collapses. What in the past one hundred years of human history, pray tell, makes you think they’re up to the challenge?
Let me just say here, without leaving any room to interpret: if you’re banking on hiding out in Asia to avoid the fall of the West, you’re kidding yourself and you’re going to get dragged through a wood chipper just like Jim Rogers’ bowtie.
Or Jim Rogers.
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As a long time Jimmy Rogers fan, I have to agree with you, Cain. He’s quite astute in many areas, but his faith in the Chinese and their ghost cities borders the absurd. Despite his passion, he still refuses to actually live there, opting instead for Singapore given China’s rampant pollution.
It really is odd. It’s like Rogers is a spokesman for the Chinese govt.
hey Cain … look, the world, even this universe is gonna end some day …. until then, make some hay, son.
I think Jimmy’s kidneys will be harvested quickly, come Revolution II in Chiner (perhaps soon).
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You were right and I was wrong. I think the dollar may have topped already. Time to go long.
You can say I’m right when I’m break even for the year.
Nobody was right in 2011.
Rogers is an old friend of Soros, who co-owns part of the Federal Reserve known as the DTC, aka “Cede & Co.” They used to run a hedge fund together.
I don’t trust much of anything Rogers says, due to his affiliations. Many of his market calls are also flat out incorrect, yet he gets a lot of media attention.
Better to quote people like Michael Hudson, instead. He’s the economist who convinced Iceland to tell the IMF to fuck itself and its austerity measures.
Note that the Chinese central bank is actually owned by the Chinese, and not some fucking Rockefeller, Mellon, or Rothschild. That could have something to do with their expected stability. They aren’t given orders by the privately owned Bank of International Settlements.
Yes, a bank run by a bunch of sclerotic paranoid ex-commie octagenarians is infinitely more stable than the Fed.
Where’s my deposit slips?
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Jim Rogers is right up there with Buffet as someone I’ve lost a lot of respect for as I’ve learned more about him. Doesn’t come across as quite the shark I view Buffet as, but Rogers still lives his act, much like Buffet.
Chinese Soft Landing?? http://twitpic.com/7prx3m
If the Chinese economy collapses we’re all in for it. What else would they do with all those disgruntled unemployed people except make war on the commodity producing nations? Scary thought.