TomG
Jul 28, 2004, 7:21 PM
Post #1 of 7
(489 views)
Shortcut
|
Here is the link to Jimmy Rogers website with his audio and video clips, and fotos of his around the world 2 year driving trip.
http://www.jimrogers.com
You can pick the country from the drop down menu and then choose a city he is staying in.
For those who do not know of Jimmy Rogers, he founded the Quantum Hedge Fund along with George Soros around 1970. It was the greatest investment fund of all time. The reason for its success was that both Soros (a Central European immigrant) and Rogers (Alabama escapee by way of Yale & Oxford) had a world vision in their speculations. They made a killing on international currencies, finding countries with weak fundamentals and an overvalued or undervalued currency. Most of Rogers energies since the early '90's has been aimed at global thinking and international investing. In one African country where he observed good conditions he drove to the capital, went to the local exchange, and bought shares in every stock listed on the board. He bought currencies and shares all over the world. He is crazy about China and its future. But poor Mexico! Mexico was his last country to drive through after 2 years on the road. Listen to his audio clip on Mexican efficiency. He does not find any cuteness in Mexican economic and political costumbres.
His economic rule of thumb for a quick understanding of a country's economy is go straight to the black marketers and find out what is going on; then progress to the madams at the bordellos and asked their opinions - or visa versa. He says it is the only way to find the truth, talking to economic ministers only gets you caught in a blizzard of BS. This explains to him why most experts usually get it broadside wrong on major economic directional moves. He says he wouldn't waste his time talking to an economic minister for purposes of gathering useful information.
If Mexican big shots were not legally beyond criticism and suggestion from visiting foreigners (or thier own black marketers with master degrees in Chemical Engineering), and if Mexico was not riddled with corruption, and if…if…if…… the poor and willing Mexican people would have at least a small chance in the fast changing world that is coming. The Chinese and Indians started way behind Mexico only a few years ago. China now produces 500,000 engineers a year! And they employ them! Some of them work over a hundred hours a week. Manana was yesterday.
I just had a MS Messenger chat with a young professional friend in Chiapas, her father and brother-in-law want to cross over to the USA like her cousins did 6 months ago. I had to send her a link to the weather channel website for Phoenix set to metric units and tell her about the drones flying the border now. 50,000 pesos for 2 guys is too much money to bet on that weather and those drones. She’s got an economic degree and doesn’t know that China is on the rise, and is sucking up raw materials like crazy (not quite equal to the USA…..yet….maybe 4 years). When I explained what was happening in Chinese growth she thought maybe they ought to consider going there. I then explained that the Chinese workers work for 10 pesos a day. She got depressed. I apologized for mentioning it. She is very intelligent and well educated, but news in current economic affairs costs money. Attending a symposium on anti-neoliberalism and current directions in Cuba and Venezuela is probably not going to help – at least not until after neoliberalism hits the wall.
Poor Mexico, no choice but to wait and see. Well, hell! if it all blows up, it was a good choice. Everything come to those who wait....patiently. Quien sabe.
|
Forums Index
Search Posts
Who's Online
Log In or Sign Up
