Water Shortage is a Problem not just in California but all over the Southwest

Jim Rogers : The whole Southwest is facing a serious water problem. The aquifer, based on what I read, is drying up out there. And not just in California but all over the Southwest. And if that happens America will have to absorb a gigantic change. If you have water and productive land you will be very, very rich. Because whether we like it or not – now this is not going to happen next year, I don’t think California is going to become a desert any time soon – it is a process which is going on, from what I can read.

And from what I can see nobody in the government seems to know or care about it. The government of California is learning but they are not solving the problem, they are deliberating about the problem. But again it is just not the US, there many places in the world with problems – China, India, the Middle East, many places have big water problems.





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%.

Water Shortage is the Biggest Problem in China

American investor and author Jim Rogers says water shortage is the biggest problem in China. The country's water resources are limited but reuse of water is still insufficient and groundwater is being overexploited, reports ifeng, the financial news site run by Phoenix New Media in Hong Kong.

War, famine, civil war or recession can be overcome but drought cannot; people cannot build a society or a country without water, the investor said during an interview with the media.

China is one of 13 countries with the poorest water resources per capita in the world. Its freshwater resources per capita are only one fourth of the global average. As of the second half of 2005, the country had a water shortage of six billion cubic meters. Around 400 of the 660 cities in the country suffered from various degrees of water shortage. Of which the shortage in 136 cities are severe. The figure for water resources per capita in Beijing is close to those in Arab countries, where water is scarce. The groundwater in half of the cities in the country is also polluted.