This video contains some pretty good Jim Rogers international insights. People have been saying that the economy is really bad, but it is actually a lot better than it might have been. All of the assets are in Asia. In the west are all of the debtor nations.
China shouldn’t have stimulated their economy. But they at least had saved up some money for a situation like that. The United States didn’t have any money saved up whatsoever.
Most Chinese people don’t have a bank account, so a banking crisis wouldn’t have nearly the effect on them as it will on us. China will have just as many problems as the United States when they rose to glory. America and Europe is ten times the size of the economy of China. But for Jim Rogers international markets are the future.
