waterlily57

Jim Rogers on the Next 10 Years

China is a country with innumerable dialects. The present government realized this early on and introduced Putonghua or Standard Chinese. The beneficiaries of this policy were the young people who soon found they could communicate orally all over China. They then realize that if they were to communicate internationally, they will have to master English. So really, it is the mainland Chinese who are diligently learning English for future use. If China wishes to claim Chinese as an international language, it is only for a matter of prestige and officiation and not for practical usage.

How to Prepare for the Inevitable Correction

Well written. I too am having the same observations and strategies. Opting for a recovery of paper losses and realization into solid cash might be wiser than chasing uncertain profits.

Is a Crash Impending?

There was deflation in Hong Kong after the 1997 Asian financial crisis.


On Aug 31 11:56 PM Tack wrote:

> So many people mesmerized into thinking the world, or even the U.S.,
> is ending and, in the process, setting themselves up for financial
> hardship as they bet on collapse and failure, and wallow in their
> cynicism, rather than making sensible evaluations of current realities
> and choosing appropriate investments.
>
> The folks who are betting on a deflationary collapse are the most
> out of touch with logic and history, blinded by the blaze of the
> 1930's, that they (95%, anyway) never lived through and, apparently,
> completely misinterpret, when it comes to monetary policies and their
> effects. The Great Depression was probably the last deflationary
> collapse in history, and, of course, was due to a disastrous reduction
> in the money supply, which saw the 1929 levels not again reached
> until 1939.
>
> While there have been myriad international economic disasters in
> the last 70 years, no economy in the world has suffered a deflationary
> collapse. Why is that? It's because all governments learned that
> fiat money supplies can be expanded ad infinitum. There may be inflation;
> there even may ultimately be loss of trust in the currency; the one
> thing there won't be is deflation.
>
> Even if one is not optimistic about the performance of corporations
> or the economy as a whole, everybody should be "optimistic" about
> the advance of prices. Currencies abide by the same rules as all
> other commodities: the more you print, the less value they enjoy
> relative to all other things. Hence, the nominal value of everything
> will advance.