Our politicians could be leading us directly into another Great Depression. The idea that you can solve problems of too much debt and borrowing and consumption with more debt and borrowing and consumption is absolutely ludicrous. The politicians are turning a crisis into a disaster. It is the same thing as the 1930s. They made mistake after mistake after mistake, and the turned a regular recession into a depression.
Jim Rogers daughter, Happy Rogers, has been enrolled in a Mandarin school in Singapore. Jim wants her to grow up speaking Manadarin because it will be the most important language in her lifetime. Jim Rogers daughter has already had a book written for her by her father, A Gift to My Children, so it definitely seems like Jim Rogers is giving her a lot of early advantages in her life that her peers won’t have.
All the money is in China and Singapore and Hong Kong. Historically, that is where the prosperity occurs. Nobody will lend money to Iceland right now, and the same could happen in the future to the UK.
