In this Jim Rogers agriculture segment, he says that we have lost a decade in America. Japan has lost 2 decades already, and America is in much worse shape than Japan. Hopefully America only lasts a decade or two. It might last 3 or 4 decades.
America has troops stationed all over the world. Those military establishments are making things worse for America, not better. The age of American supremacy may be over. The 19th century belonged to the UK. The 20th century belonged to the United States. This century will belong to China or other Asian countries.
China has some problems, and they will continue to have problems. They made some mistakes. They should have made that money convertible. But they are still a creditor, and you would rather be with creditors than debtors any day.
We are absolutely entering a period of slow growth. This is the world that the world have always worked. Everything has to slow down for a bit wile we clean up the mistakes of the past. The only economies that are going to be dynamic are farming and other Jim Rogers agriculture commodities.
The world has gone through big changes throughout history. The world is going through a historical shift from America to China. The world has been going on for a long time. At times the financial people have been in charge, and other times when the producers of real goods were in charge.
The Jim Rogers agriculture commentary is that farming has been a disaster for 30 years. It has been a horrible business, so there have been no new young people coming into the business. According to Jim Rogers agriculture is developing huge shortages, and the people who address those shortages will make a lot of money.
The shortages in commodities are exactly in those areas of the world where they are needed the most. Between the 60s and the early 80s, there were shortages of commodities and money-printing, and commodities had a huge bull market.
