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- How Bad Is the Dollar's Fall? [view article]
- Currency ETFs and ETNs [view article]
- Pause For Concern On Chinese Currency ETN [view article]
- Jim Rogers' Picks and Pans - Barron's Interview [view article]
- Chinese, Indian Currency ETNs Launch [view article]
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How Bad Is the Dollar's Fall? [view article]
Yes, oil and may I add gold.To put this in perspective, beyond paying for the war, trade deficit, pork barrel projects, global military build up.... do not under estimate what I consider the grandfather of all bear scenario:
The US ENTITLEMENT PROGRAMS (social security, medicare, medicaid, etc) was estimated to be at about 2/3 of the federal budget. This figure is in the trillions of dollars.
MSNBC: www.msnbc.msn.com/id/10609044 /
The Heritage Foundation: www.heritage.org/research/features/Issue...
Wiki: wiki.answers.com/Q/What_percentage_of_th...
This will play itself out in the next 20 to 30 years, when 60 million boomers begin to retire. They will be collecting more and using more, and contributing less. Yes, it's payback time for them.
Make not mistake, the US government is bankrupt and has already dipped into the social security cookie jar for sometime. If history repeats itself in fiat currencies, there is a 99% chance that the US government is going to print more and more money. Why else do they stop publishing M3 money supply a few years back.
A second factor that will aggravate the dollar decline is oil, or the lack there of. There are no new and bigger oil fields discovered, there is vehement opposition on oil exploration within the borders of US. Oil can rise to $200, $300, $400.... and the cost of gasoline to string beans will sky rocket.
The public probably thinks that gasoline comes from gas station - NOT. It originates from oil fields. Oil can be at $1,000 a barrel and it is still not a bubble because by definition a bubble is when price increase when there is an excess supply of the item of interest. Again, where are the new and larger oil fields?
The future is bleak for all who holds US$, especially those who are retiring as they are at the end of their productive years and have most of their wealth in the 'safety' of cash.
Reply
Jackson, SA
Founder
Currency ETFs and ETNs [view article]
Update: We just added the following new currency ETFs:WisdomTree Dreyfus Chinese Yuan Fund (CYB)
WisdomTree Dreyfus Brazilian Real Fund (BZF)
WisdomTree Dreyfus Indian Rupee Fund (ICN)
WisdomTree Dreyfus Euro Fund (EU)
WisdomTree Dreyfus Japanese Yen Fund (JYF) Reply
How Bad Is the Dollar's Fall? [view article]
Yes, once again, the dollar is backed by a hard asset: oil. Oil is the main inflation hedge to play. ReplyPause For Concern On Chinese Currency ETN [view article]
Question for edhui88:I have tried contacting banks in HK regarding opening a chinese renminbi account. They told be only HK ID holders can open one.
I will be in China mainland in a few months...I would prefer to open the account here if possible. Can you please confirm which domestic banks will definitely allow this, as I had heard this also was not possible for foreigners? Thanks Reply
Jim Rogers' Picks and Pans - Barron's Interview [view article]
I have been following Jim Rogers since 2005 so I'm a new fan. Because of his brilliant analysis - they say he can see around corners - myportfolio is at an all time high today. Every time I deviated from
his advice, I lost. I would love to meet him at some point in time.
In the last few years, I think my portfolio is up more than the Rogers International Commodity Fund. He is amazing. Reply
Jim Rogers' Picks and Pans - Barron's Interview [view article]
I like to advise every readers here; Mr Michael Petti worked in Bear Stern before, the information is on this website seekingalpha.com/author/michael-pettisThank you Mr Petti for your disclosure! You are a great American Reply
Jim Rogers' Picks and Pans - Barron's Interview [view article]
Stocks to play water:My best ideas -
LNN (best - big ag play)
FLS
BMI (know this one from inside, strong play)
CWCO
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Jim Rogers' Picks and Pans - Barron's Interview [view article]
Clitosil - water - look at PHO, an ETF with about 35 names or so, various companies that deal with potential water shortages, purification, etc... If you go to PowerShares.com, products, you'll find it and can find out all the names in their fund (Winderhill Fund, I think). Good luck. ReplyJim Rogers' Picks and Pans - Barron's Interview [view article]
how do you invest in water?Reply
Jim Rogers' Picks and Pans - Barron's Interview [view article]
Rogers is a boorish blowhard, but he understands that the inflation cycle has another decade or more to run. He was negative on investing "IN" China for a long time because of the legal system and lack of financial transparency. He said he'd rather invest in things they were going to buy so much of that they had to go up in price. I still think that is a better plan than investing "IN" China.My guess is he got angry with the US because a lot of his commodity fund clients in the US and Europe got caught and lost a lot when the "famous" brokerage Hillary made her cattle killing on went belly up.
Singapore is a good place to trade from, and the climate is no worse than NYC in the summer. He can fly all over Asia to bad mouth the US and get new clients. He'll fit right in in the rich Maylasian highlands in the summer...... A nice country club life for an aging billionaire who's burned his bridges here. Reply
Jim Rogers' Picks and Pans - Barron's Interview [view article]
Let's put it this way, Rogers has been spot on with china, read his books understand what he is trying to explain, it helps with understanding his thinking. people tend to be a bit too patriotic and ends up being bias towards the west, cause of their misunderstanding of eastern culture, the main thing is Rogers doesnt care who or what you are, he just knows what he sees and observes and decides whether your worth his money, or not.... China obviously impressed him in his first book, why? because he saw the simplicity of capitalism at work, and it was at work better and more efficient than he expected.. which was why his bullishness for the country is high.. is it high risk tooo? yes of course, but so was the states back in the industrial revolution.. soo what makes china different from way back when? that's right, there is no difference, china now is like the USA right after or during the industrial revolution.. that occurred in the states. ReplyJim Rogers' Picks and Pans - Barron's Interview [view article]
China is not standing still. Yes, they have problems, but they are working on them and they have the capacity to leap into the 2lst Century. They don't have to reinvent the wheel. Look at theaccomplishment of the 3 Gorge Dam that is 5 times larger than Hoover Dam and supplies electrical power equal to 15 nuclear power plants.
China is not above getting expert guidance from other nations, including the US, to help solve her polluted air and water. Patience my friends, big problems take time to materialize. Reply
Jim Rogers' Picks and Pans - Barron's Interview [view article]
"You guys; almost retarded; "Someone needs to bone up on when to use semicolons.
"China does not want your investment as there are too much money there already."
On second thought, that may be too advanced.
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Jim Rogers' Picks and Pans - Barron's Interview [view article]
Even the great Jim Rogers will take note of Petrobras', (PBR), announcement of a 33 Billion Barrel find of Oil off their coast, (this is on top of their find out in the Atlantic a month or two ago). To top things off, PBR officials said there could be substantial oil finds in other oceans around the world, (and that is 70% of the earth's surface). ReplyJim Rogers' Picks and Pans - Barron's Interview [view article]
You guys; almost retarded; China does not want your investment as there are too much money there already. China's export to the developed nations in 2007 only takes less than 10% of it's GDP; it is already the biggest phones market and 2rd biggest car market overtasking Japan. China can prosper without selling a thing to the rest of the world. Now it's about how much the West can sell to China if you guys want get out of your economic slump; by talking down China is definitely going to help you on that front. good luck and good night! Reply