January 19, 2011 CNN
Jim Rogers has made it a point to have his children learn Mandarin. He sees China as the 21st century capital powerhouse. England had it's chance in the 19th century, the USA had it's chance in the 20th century, the 21st century will belong to China.1/5th of the world speaks either Mandarin or one of the variant dialects (e.g. Cantonese). Just as learning English opened up business in the 19th/20th/21st century so Chinese will become increasingly prevelant in the latter part of the 21st century.
I'd like to take a moment to THANK the idiots that have run this country for the last 20 years, you've made China the success we always wanted to be ourselves. All the men and women that have died to build America into the powerful country that it WAS Thank you too
I want America back on top again ... our Government is acting like their getting ready to give that up forever.
But from another side : china's internal debt is on par with the UK, 60+% of GDP. the real estate market is the biggest bubble seen in the modern era; in jan, 2010, prices increased 11% and in march, 2010, another 11%. why? 90% of china's wealthiest are children of senior party officials and the trend goes down the ranks. they got the majority of the stimulus $ which they pumped into the real estate and stock markets.
Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.
Thursday, January 20, 2011
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Jim Rogers "the 19th century was the century of the UK , the 20th century was the century of the US , the 21 st century is going to be the century of China "
consider:
-h. kissinger opened china to western "investment". every time you buy at walmart, you generate profits for the very banksters who crashed our economies
-6.8 falun gong and political prisoners, denied soap and toilet paper, slave 18hrs/day to produce toys for your kids