<hsyq8xg@[EMAIL PROTECTED]
> wrote in message
news:3a2185ba-a3bc-4a30-9962-c0a6c732de87@[EMAIL PROTECTED]
> Quantum's Jim Rogers says US 'out of control'
> Leo Lewis, Asia Business Correspondent
>
> Jim Rogers - who co-founded the now closed Quantum Fund with George
> Soros - told 750 global fund managers in Tokyo today that, America is
> "completely out of control", there will be a 20-year bull market in
> commodities and that prices will be in turmoil.
>
> And he also warned that it "made sense" if global competition for
> resources ended in armed conflict.
>
> Mr Rogers told delegates to the CLSA investment forum that the prices
> of all agricultural products would "explode" in coming years and that
> the price of gold, which hit an all-time high of $964 an ounce
> yesterday, will continue its surge to as much as $3,500 an ounce.
>
> Gold would continue to rise, the analyst Christopher Wood told fund
> managers, "because it is the exact opposite of a structured finance
> product".
>
> In a blistering attack on US monetary policy and the "helicopter cash
> drop" responses of the Federal Reserve, Mr Rogers described the
> American dollar as a "terribly flawed currency".
>
> He said that the plan by Ben Bernanke, the Fed Chairman, to "crank up
> the money-printing machines and run them until we run out of trees"
> had exposed America's weakest point to her rivals and enemies.
>
> The dollar may have declined recently, he added, "but you ain't seen
> nothing yet".
>
> Talking to a room almost exclusively populated with Japan-focused
> equity investors, Mr Rogers recommended an immediate language course
> in Mandarin and a switch into commodities -- the second-biggest market
> in the world behind foreign exchange.
>
> Mr Rogers said that historic drains on wheat, corn and other soft
> commodity inventories have created market dynamics that could lead to
> severe food shortages.
>
> The outlook over the next two decades would see prices of everything
> from cotton and sugar to lead and nickel "going through the roof".
>
> Heavily playing down the prospects of a big recovery in Japan, Mr
> Rogers said that the country's demographics -- as the fastest-aging
> country in the world -- would cause it greater problems and an ever-
> dimini****ng quality of life for ordinary Japanese.
>
> But he also said that other countries -- including Britain, Italy,
> China and the US -- should take note of what their own demographics
> would look like without the effect of immigration.
>
> "Japan will be the perfect laboratory for the world to watch how a
> demographic crisis plays out," he said.
>
>
http://business.timesonline.co.uk/tol/business/economics/article3451136.ece
>
>
Whatever he describes could happen, but is very unlikely. As far as
Mandarin, the Chinese would better switch to English, because their
language
and writing system present certain cognitive limitations, which for
example
are responsible for their relative lack of good software developers.
e.
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