Column: China’s commodity import trend driven by prices, not economy
China's imports of major commodities are often viewed through the prism of the performance of, and outlook for, the world's second-biggest economy.
Jim Rogers strikes the usual chords in this interview with RT, expressing little to no faith in the potential for US politicians to begin seriously tackling the debt load, the largest in the history of the world:
“In 1918 the UK was the richest most powerful country in the world. Within three decades they will bankrupt and they were bailed out by the IMF…it was not a pretty sight.”
“Three generations later, we’ve had a lost decade in america because we refuse to deal with reality.”
“Prepare yourself for another lost decade or more.”
3 Comments
Kronsteen
Does not take a genius to see he is right.
Adela Blaszczak
US is hegemonic nation/currency. All political arrangements are fiction yet they continue. Why? Because the underpinning of this hierarchical fiction is human nature. When and only if present monetary policy changes then all rules will change, and Rogers will disappear too because this type of obfuscation will change as well.
Guest
Jim Roger analysis as it suggest positive note. http://bit.ly/JimRogersAnalysts