One of the Jim Rogers February 2012 predictions is that finance is going to be a terrible business to be in for the next 15 years. All of these MBAs are making a big mistake.
The days are over when the people in the financial industry think that they deserve a big bonus every year just for showing up for work.
There is an election in November 2012. Every time there is an election the government spends and pumps as much money as they can in order to win the election. Of course things are going to look and feel better in the United States bevcause you have Bernanke printing money and Obama spending money.
It isn’t just America; there are 40 elections around the world this year. So governments all over the world are going to be spending a lot of money.
Jim has owned the US dollar for quite a while. The Euro most likely will not collapse this year. The entire has a big stake in fooling all of us saps in order to get through the elections.
