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Jim Rogers on the Next 10 Years

As with everything there might be some hyperbole. At the very least we should look at English, Mandarin and Spanish as covering the largest section of the world. The key to Mandarin is watching it become important for other Asian countries - which it is. Mandarin websites and programming are starting to make inroads.

We cannot ignore Rogers comments -the problem with the US is we are far more fragile with our large consumer debt, massive structures built for gas powered vehicles, poor cities due to politics and the rise of our public sector workers to a centralized command economy.

China is the US of the 1940's- at times will make mistakes but the numbers are too big -tremondous work ethic and pride. Go back to the 1830 and China had Britain importing and taking all it's silver currency and together with India a large percentage of the worlds GDP. The last 50 years have been a hiccup. If you have a scenic home in a posh community learn Mandarin to close the sale in the next 10 years.

Since the American electorate now have great number of people who are disenfranchised, retired, or not working they vote people in who favor eradicating the volatility of the private sector at the expense of their currency and their next generations wealth- ala Europe -it makes sense to be involved in the commodities business like the Aussies,Canadiens, Norwegians-oil, Brazilians.
It will take us back to the 1810 economy with Britain and don't forget by then we will have the windmills to round out the scenery.

Why I'm Worried About China

If one were to follow your logic - the collapse of China and global depression. The conclusion is quite meager - buy stocks around China's economy. But didn't you just say that the collapse would finish off nations already weakened by recession. I would say you should recommend shorting if a global depression is coming.

China is very large and more basic ala America in the 40's. This will be the test if they are another export based economy like Japan or something else. I am betting on the latter if one goes by history. They aim to be the crossroads of markets. Watch their chip and biotech industries they are getting tired of basic industrials. It will not take much if a few tech companies explode out worldwide with innovations. (We will still be debating vouchers for school systems). That will change peoples mind from hanging around the docks to gauge sentiment.