Jim Rogers - America is More Communist than China

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We had a good read. For the benefit of yourself. Be sure to read to the end. I want you to get good knowledge from Federal Reserve Interest Rates . For the latest Jim Rogers, go to JimRogersBlog.com - During a forced liquidation, there are some common things that happen. They way to make money is to find the things where the fundamentals have been unimpaired. A lot of companies and equities have been impaired. One thing that has been impaired is commodities. It is farmers, miners, and lumberjacks who are going to make the money in the future. Agriculture has been a terrible business for the past 30 years. No one who went to school became a farmer. They became journalists or financiers. There is a shortage of farmers, but there is a tremendous amount of opportunity there. This isn't an economic collapse forever. In the 1970s, the economy was terrible, but commodity prices kept going up because there were shortages. That is going to happen again. We are running out of oil reserves, so oil prices are going to go up. People will use any other kind of alternative energy that they can find. Solar, wind, energy will become more competitive. Wind power is not competitive unless oil is at . Solar power is not competitive unless oil is over 0. People aren't going to change the world unless they can make money. Few people who want to be altruistic have any meaningful impact on the world. China calls itself communist. But Italy calls itself a Catholic country. They are far less centrally controlled than the United States. There are certainly problems with China, but things there are far more free than you would suspect.

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