Successful international investor and Chairman of Rogers Holding, Jim Rogers, spoke on CNBC and said that:
I’d rather have the Europeans running the US central bank than the people running the US central bank. At least they know how to try to build for the future.
In America, Bernanke just says we’ll print more money, we’ll spend more money, even though the United States is now the largest debtor nation in the history of the world.
Nothing Bernanke has ever said has turned out to be right. Please go back and look up his record and you will see. The man just doesn’t understand economics, he doesn’t understand finance, he doesn’t understand currencies. All he understands is printing money. This is not going to work.
About the standard living in Asia, Jim Rogers explains:
There are 3 billion people in Asia and most of them have not had a very good standard of living in the past 100-200 years. That’s changing and changing very rapidly. They’re gonna eat more; they’re gonna wear more clothes. They’re gonna do everything. So agriculture is going to do very well, including cocoa. They like chocolate, they like sweets. Most Chinese have never had chocolate to this day when they’re building 300 million. They’re gonna have it and they’re gonna do well.
Watch the whole show with Jim Rogers below:
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September 5th, 2010
Elisheva Wiriaatmadja
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America had spent lot of their resources in capturing Osama. This lead to their financial turmoil. Their dollar value depreciated among other currencies and they posted a weak sensex. But other countries like asia were able to survive because of their resources.
Thanks
Collin paul
Learn Forex
yes i believe America has still lot more to progress on..go for it, we have the most outstanding people working for our economy.