Posted by RalphWSiegler
on October 16, 2009, 12:43 pm
Investor Jim Rogers thinks the U.S. may soon become a minor player in world events. In recent presentation on the Next Ten Years he describes the way the U.S. is setting itself up for financial disaster.
The short version is:
1. China will soon rule the world in economic sense, they want the life we have and besides having over 3x the people they are better savers than we spender/debters are and harder workers.
2. Fed Reserve Chairman Bernanke's strategy of massive money creation and injection only works in short term,longer term it will be disaster
3. Dollar as reserve currency for world is in a bubble that soon will pop, no basis for long term treasury securities to have any value. might be one last rally in dollars value and then massive sell-offs will drive its value into the ground
4. commodities are smart investment right now, and farming will soon have demand that outstrips supply
http://seekingalpha.com/article/165918-jim-rogers-on-the-next-10-years
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