Jim Rogers on the UK !

[BadJuju]

Re: Jim Rogers on the UK !

The United States is fundamentally bankrupt as well.... what is the point. File into the currencies that have account surpluses like the Norwegian Krona, Swiss Franc and Jap Yen.... forever however long their surpluses last.

Sure, but the US has much more going for it than most countries. World's most powerful military, world's largest economy, some of the world's largest reserves of natural resources, world's reserve currency, etc.

[*T*]

Re: Jim Rogers on the UK !

Sure, but the US has much more going for it than most countries. World's most powerful military, world's largest economy, some of the world's largest reserves of natural resources, world's reserve currency, etc.

World's most expensive military. Is the return on that particular investment positive?

[BadJuju]

Re: Jim Rogers on the UK !

World's most expensive military. Is the return on that particular investment positive?

In asymmetrical warfare? Perhaps not, but in a conventional set-up, it would easily decimate any force.

[phirang]

Re: Jim Rogers on the UK !

Unfortunately, Jim Rogers is an extremely accurate contrarian indicator.

Recall that England can SLASH spending: they could, theoretically, retrench massively across the gov spending. Sure, it'd cause riots, but you shoot enough people, and that problem is solved.

Also, England DOES have oil - yes, north sea oil. If oil goes back up to the 50's as OPEC wants it to (and it could), then the GBP will recover quite a bit. Also, another Russian gas crisis and you have more export of gas to the EU.

I agree that the UK is fooked, but there's a lot already priced in... be careful shorting a hole!

[metalman]

Re: Jim Rogers on the UK !

Metalman
http://www.guardian.co.uk/business/2...itative-easing

The Guv of the BOE warms the printing press!

(BTW i saw the looney over value of the £, bought silver/Gold/Euros/Schiffs)

Mike

bet if you do the math, all of the money you put into gold + silver + euro + schiff is better off if all in gold and us tbills ala itulip...



go ahead. try to tell me it ain't so!

[GRG55]

Re: Jim Rogers on the UK !

We're sold on Iceland-on-Thames. How do we play it?

I think you should "play it safe".

Don't buy your theatre tickets for The Strand until the afternoon of the performance. You just never know who's going bankrupt next...;)

[metalman]

Re: Jim Rogers on the UK !

I think you should "play it safe".

Don't buy your theatre tickets for The Strand until the afternoon of the performance. You just never know who's going bankrupt next...;)

but it will all come back, right? thatcher? the oil that she built her...

[BadJuju]

Re: Jim Rogers on the UK !

What I fail to understand about Jim Rogers' forecasts is his belief that Asia will do well in spite of an economic collapse in the West. China's exports to Asian countries only account for about 20% of its trade. Similar figures abound for basically every other major Asian nation. :confused: He simply strikes me as being a liar or naive.

[phirang]

Re: Jim Rogers on the UK !

What I fail to understand about Jim Rogers' forecasts is his belief that Asia will do well in spite of an economic collapse in the West. China's exports to Asian countries only account for about 20% of its trade. Similar figures abound for basically every other major Asian nation. :confused: He simply strikes me as being a liar or naive.

I think he is a blowhard who is selling SOMETHING: why else is he so defensive about his so-called returns? His asinine statements about commodity prices in 10 years are just stupid, too.

The guy shouldn't be on the air: he's been wrong WAY too many times on WAY too many things.

Same goes for Schiff.

Only one that I like is Faber.

[DrYB/C]

Re: Jim Rogers on the UK !

Related:

1. Is Britain Bankrupt? Will the UK Loose (sic) its AAA Rating?
http://www.globalresearch.ca/index.p...t=va&aid=11915