In this Commodities Fund Jim Rogers video, Marc Faber says that history tells you that when the situation calls for it, the proper leadership steps up. The best places to invest today would be in Eastern Europe and in Russia. But right now is the right time to bring in the 15 new countries. After that, Turkey will be a great addition to the EU. A Europe with Turkey makes a huge difference compared to a EU without. It will greatly strengthen their relationship with the middle eastern countries.
The EU should bring in as many countries of possible. Even Russia would be good, but then you may have to change the name, because it would be more than the European Union. Eventually, the North African countries should come under the umbrella.
The main worry of Commodities Fund Jim Rogers is that the bureaucrats in Brussels who can’t do anything right are suddenly going to have to run an empire with all of these new countries. But today Europe is a much better place than a few decades ago. It is much more open. Everyone will assimilate and there will be a much better society.
However, every positive comes with some negatives. So there needs to be a strong constitution. The bureaucracy should concern themselves only with issues that cannot be solved at a more local level. Europe always looks messy. They’re not even having the innovation that Asia is experiencing. If we continue to invest in things like agriculture, then the region can become strong and prosperous. The scientists of France are taking to the street because there isn’t enough investment in the technologies of tomorrow.
Marc Faber is an anarchist at heart. The leadership won’t improve anything. What will happen is that Europe will realize that unless it shrinks the government and works harder for lower wages, then they will lose out against Asia. The same thing will happen in the United States. Will the people in France go to Asia, or will they just beg to their government for more money?
People have to learn to work harder. 60% of the people have a great dream of retirement. This is far different than the United States or Asia, where far more people have more entrepreneurial ambitions. Commodities Fund Jim Rogers remains quite skeptical about this whole situation.
