3 Min. Gold News – Jim Rogers – RT – Feb. 7, 2014

3 Minute Gold News

A Quick Read for Busy People

A 3 minute synopsis of the interview with Jim Rogers, chairman of Rogers Holdings and author of Street Smarts: Adventures on the Road and in the Markets by Erin Ade from RT Boom Bust

Topics:

Emerging Markets
Where to Invest
North Korea
Trade Agreements

Jim Rogers

RT – Boom Bust
Erin Ade
Interview with Jim Rogers
February 7, 2014

The best places for investing are Myanmar and North Korea, and some parts of the Chinese economy. China has said that they are going to give incentives and spend a lot of money on some parts of their economy.

Russia is in good shape. Russia doesn’t have exchange controls, Russia has huge international reserves, vast natural resources, and is totally disliked by everybody for investing. Jim is putting money in Russia now and is bullish on Russia.

If Jim could put all of his money in North Korea he would, but he can’t because he is a US citizen. North Korea today is where China was in 1978. It’s where Myanmar was in 2010 – 2011. North Korea is just beginning to open up and change.

There are lots of emerging markets – some better than others. There are some serious problems, and the problems in the emerging markets are going to get worse.

Turkey, Indonesia, India, and Brazil have serious problems and they’re not being resolved.

A major problem is the Federal Reserve in America has interest rates at such a tiny low level that people can borrow lots of money. America is printing a lot of money so there’s lots of liquidity.

So a lot of countries have borrowed a lot of money at cheap rates which covers up their problems.

So we have huge problems and they are going to get worse.

You should be worried, and be careful and be prepared.

TRADE AGREEMENTS

Open markets and free trade is good for everybody. It makes everybody have a higher standard of living.

Some people suffer as they get dislocated, but overall it increases everybody’s standard of living.

The Trans Pacific Parnership, assuming it is an equitable agreement, is good for everybody.

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