Jim Rogers & Mark Faber on Europe Euro, part 2 of 6 May 2004

[drfan2004]

The reality is that Eastern Europe and faulty Western European economies can bring down the E.U. e.g. Greece which has just recieved 146 Billion Euros which won't be the last bailout so to speak.Spain and Portugal have been downgraded by S&P estimations recently which is potentially disastrous!

[pekau]

Oh my good God, we should be learning this my history class rather than debating useless WWII timeline... LOL

[AFRIKTODAY]

@pekau Indeed!

[special1740]

European Union was a mistake.

Respect to Jim Rogers. Absolutely realistic and pragmatic outlook on life.

[Rationalific]

Jim Rogers is a really smart man, but he's wrong in thinking that a falling birth rate is a bad thing. Even he admits that there don't seem to be any major new sources of production of oil, and besides that, resources are declining (just look at deforestation, etc). Demand destruction is just around the corner, and the only way we can get around it is if there are fewer people. Social security and our banking system are unsustainable, as they require an increase of peple towards infinity.

[Richandler]

The history of the world disagrees. Social Security you're right about. However, new energy will replace oil. When and at what cost, who knows, but it will have too.

[johan404]

Yes social security is unsustainable but I think you're wrong about the other things.

Yes, oil production is declining, yes resources are declining. However I think innovation and creativity can change that situation, it always has in the past. It's stupid to say that there's no other alternative to oil, or there's no way to use resources more efficiently.

[danberkeley]

the scary part is the head of the EUropean Rondtable admitted that the current European governments are destroying the family unit and that it was a mistake to do so.

[sindbad4u]

part 2 comment on "england" is a joke

I have hardly seen in western Europe a country where the gap between rich and poor is that wide

in other terms: people live much better in Scandinavia

Have a look at the HDI-index to start with, and later book a trip to Skandinavia and "England"

[dadada75]

devil's advocate position for jim rogers

[HamiDjoukou]

Why, I don't see it, I don't think at the time this was filmed Jim had fully positioned his assets to benefit, they have a open discussion.

[dadada75]

what i meant was that he kept on taking the other side of the argument..always with a negativity approach..

[HamiDjoukou]

Oke, I see what you mean, but that makes the conversation even more interesting. Jim doesn't believe in a success for the euro, but if they all would agree you get a one sided story.

[dadada75]

you damn right..hope you have other jim rogers videos