Chinese Billionaires Come From Mainland Now

There are now more billionaires in China than any other country beside the United States. Forbes releases its list of the world's richest. Carlos slim heads the list, Bill Gates is second.

Should China let its currency appreciate

China's Currency Showdown

Myron Brilliant of the U.S. Chamber of Commerce on whether China is purposefully undervaluing its currency.

Jim Rogers president of Rogers Holdings is George Soros former partner and co-founder of the Quantum Fund, and a truly legendary international investor who helped generate a 4,200% total return over a 10-year period .Jim Rogers is always bullish on Asia Commodities Agricultural Products gold and silver

Jim Rogers on The Euro the Dollar The Yuan and The Sterling

Long Euro as Greece to 'Fudge' Through Crisis: Jim Rogers CNBC 17 Mar 2010

"You should put S&P on a debt-watch list if they take Greece off. Greece is in serious trouble," Jim Rogers, chairman of Rogers Holdings, said Wednesday they may get through this crisis and I expect Greece to go through this crisis by papering over it but that's not a solution to the long term problems in Greece or many countries for that matter Jim Rogers added ...I am long the Euro because I expect them to get through this problem ...I am long the euro I am long the dollar I am long the Yen against ...The Zimbabwe Dollar , against the sterling says Jim Rogers ironically , I have no position in the sterling I am not no short nor long the sterling ...to my mind Greece , they are going to make the problem worse down the road ...in my view if I was doing it and this is not going to happen but I would have left Greece going bankrupt because then everybody would say The Euro is a serious currency , they are not going to let people spend money they do not have they are not let them run up huge debt and at that point the Euro would take off , because everybody will look A HA this is the sound currency we were looking for ...listen if the Euro would have left them go bankrupt I would buy all the Euros I can tomorrow and so the rest of the world ...The Euro is a political currency it is not a sound currency anymore , on an economic basis it is sounder than the US Dollar on a political basis it is less sound ...I suspect the US would have more problems first and then the Euro , but who knows ? Jim Rogers explains and to make things clear I own both , I own the dollar and the Euro as we speak ...I have no positions in sterling I expect the sterling to continue to have serious serious problems in the next few decades but I have no positions neither long nor short right now ...i own the Yuan , it is that easy to but the Renminbi as you know it is complicated because it is a blocked currency it can be bought with complications but it can be ...I expect it to go higher over the next few years so whenever I can I buy more Renminbi , but that's not for most people because it is a blocked currency
He told CNBC he is long the euro because he expects Greece to "fudge" through its debt crisis. But he added that he would let Greece go bankrupt as it would benefit the euro in the long term.

Jim Rogers president of Rogers Holdings is George Soros former partner and co-founder of the Quantum Fund, and a truly legendary international investor who helped generate a 4,200% total return over a 10-year period .Jim Rogers is always bullish on Asia Commodities Agricultural Products gold and silver

Is China Politburo spoiling for a showdown with America?

Is China’s Politburo spoiling for a showdown with America?

Ambrose Evans-Pritchard
The Daily Telegraph
March 15, 2010
China has succumbed to hubris. It has mistaken the soft diplomacy of Barack Obama for weakness, mistaken the US credit crisis for decline, and mistaken its own mercantilist bubble for ascendancy. There are echoes of Anglo-German spats before the First World War, when Wilhelmine Berlin so badly misjudged the strategic balance of power and over-played its hand.

Within a month the US Treasury must rule whether China is a “currency manipulator”, triggering sanctions under US law. This has been finessed before, but we are in a new world now with America’s U6 unemployment at 16.8pc.

“It’s going to be really hard for them yet again to fudge on the obvious fact that China is manipulating. Without a credible threat, we’re not going to get anywhere,” said Paul Krugman, this year’s Nobel economist.

Read entire article