Johann Galt

Jim Rogers: Lessons from a Legend

Living somewhere else sounds, and is, probably, great until there is some upheaval- international or local. Then the utter lack of any constitutional protections will make for an interesting experience indeed. Especially as an easily recognizable foreigner with assets.


On Dec 11 07:30 AM Jabalong wrote:

> I like Jim Rogers, but his whole "buy a farm" line, which Marc Faber
> is fond of as well, is nonsense. If it was such a good idea, these
> guys would put their money where their mouths are and become huge
> farmland owners. But they haven't and they're not. Better advice
> on this score would be "move to Singapore" or some place like it
> (low taxes, good climate, strong economic growth, etc). That at least
> would seem more credible since that's what Rogers has done, as has
> Faber (lives in Hong Kong and Thailand). Now I do like commodities
> and investing in agriculture-related plays might be very good, but
> just don't go off trying to be a farmer just because guys like Rogers
> are fond of flippantly suggesting it.

What's Next for Gold and the Dollar?

delofaz... wrote:

"In a democracy it is not nice to fool all of the people some of the times. The right sold America on their ability to manage their own wealth and life savings in Roths, IRAs and 401-K defined contribution pensions. It was a solution . It was the closest thing to Marx's Utopian idea of the proletariat owning the the means of production."

Clever, but I assume you mean the closest thing to ACTUALLY owning the means of production, i.e., GM, Chrysler, Citi, etc. I was following you until you threw in Rush and O'Reilly. The reality is the US can't pay for the checks it is kiting today. So is your point the citizen is hanging himself, or being led to the gallows by his elected officials?

Jim Rogers on the Next 10 Years

English will not be the standard in 20 years- it's too hard for most folks to learn. The new standard will most certainly be pig latin. anksthay orfay eadingray.