More from Jim Rogers
More from Jim Rogers, this time sans bowtie:
"Britain & America have no clothes", part 1 of 3.
And, Part 2 and part 3.
I don't entirely agree with Rogers' views. For example, I think the massive US debt going forward means we do need to raise taxes on the wealthy to prevent stimulus-oriented public spending from causing inflation, and to prevent panicking foreign banks contemplating a possible collapse of the dollar.
In part two Rogers says, of the creditor-debtor relationship between China and the US, that
"it's the first time in history that an undeveloped nation financed a developed nation."
I don't know about that-- it seems to me that Europe and the US forced undeveloped nations to finance their growth, through the economic plunder of colonialism. But having said all that, there's still a lot of value to what he offers, and I think his misgivings about the bank bailouts are apt.
(Of course, as with any would-be economic sage-slash-teevee-talking head, it's useful to keep in mind how they might benefit or be hurt by different policies the government may take. This of course applies to Rogers, as well as Warren Buffet and Alan Greenspan, etc. It's very much to Rogers credit that he readily talks about his investment in Asia in this regard.)
cross-posted at Hugo Zoom.