lfb.org / By Jeffrey Tucker /
What is the best single thing you can do for your children? Send them to Asia for school so they can get a good education and learn Mandarin.
Or so says a thinker and investor Jim Rogers.
Some investors achieve the status of being legends, their opinions on all matters of economics and politics sought by everyone. Rogers is an example of that in our time, and for good reason.
His life began in rural Alabama. Then he became an intellectual and professor. Enticed by Wall Street, he tried his hand at the markets and won. He then became a world traveler who set world records, and then became a best selling author.
It was my pleasure to be invited to moderate a private forum in Atlanta, Georgia, at which Rogers was the guest of honor. I got to ask the questions in front of an audience of financial professionals I’ve always want to ask him. We had lots of fun.
Rogers’s big picture forecast is that the U.S. and the dollar are in the process of relinquishing their dominant position in world affairs to Asia. All throughout Asia, people are saving money, working long hours and asking for more work not less. In the United States, we are racking up more debt, saving less, working less, complaining more, and asking only for more goods and services from government.