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

[aviomaster]

jayangli -- WHy do you think you have all these wars caused by USA ... ha ???? around the world .

dropping standard of living  in USA and Europe .... that's why ...

[jayangli]

europe is fucked. immigrants come in take jobs. live and buy houses. there are less jobs and house prices rise and makes it more expensive to get a house. very sad and stupid govt

[bakabusu4]

i love where jim and faber are both walking together in the end. 2 of my economists/heroes i admire just walking side by side...almost goosebumps! THESE 2 are LEGENDARY!

[aviomaster]

-- Nice , but Chinese work harder , and longer ,

for LESS , that is where , prosperity will go .

Europe needs to change and STOP , with good LIFE for LESS...

and USA to me is a disaster ,

Over there , it is a jungle , Lions rule , but most of the time , DUMB lions. in USA you work hard but get nothing in return.

[jayangli]

@aviomaster so

[jayangli]

@aviomaster y would people in u.s work hard and get nothing. I think the china movement is hype. It will grow and people will prosper but it will take a long time for China and Asia to become a U.S or Europe.

[vorotnikova]

In years and even decades to come will we only realize that this meeting was indeed legendary.

Thanks for posting it.

Needless to say I am very surprised that only 2687 people saw this, and it is already 2009! I feel very priveledged. Thanks again.

[jeffsst]

lol investors have flushed america down the drain.

i dont live in europe , i live in eurabia. i live in genk and the majoriry of the people there are of foreign descent.

i assure you, they milk the system as it is a sport. i am not saying all, i am saying most

[subz4155]

The only Asians truly equally talented to Europeans are the Chinese, Japanese, Mongolians and Koreans. So if EU takes a few immigrants from those nations then it makes sense. What it does not need is more Pakistani cornershop owner and Haitian drug dealers.

[amsd1231]

This is exactly the point agfigueroaa is making. Europeans are racist. Thats why the new immigrants are protesting instead of working hard, all cuz the society does not genuinely accept them. Look at Canada, the country now has more immigrants than Canadians, but you don't see them protesting. Speaking of racism you yourself is one too. EVERYONE is equally talented, the groups you pointed out just spends more money on education then the other Asians.

[subz4155]

Ofcourse I am racist. I am too intelligent and well informed not to be. I am not White, I am brown skinned but Europe without native Europeans is no Europe. If Pakistanis and Haitians cannot make first world nations in their own nations how can they do that in Europe? If they are so smart let them use it to improove their own nations. Europe should not loot them from their own homeland.

[subz4155]

Besides, every group is racist. Racism is a genetic evolutionary strategy. If millions of Chinese, and Africans were to swarm Karachi or Mumbai so that the local people were to become a minority, there will be riots. People will be hanged. Black South Africans are killing immigrants right now; there were fights in Karachi between Mohajirs (Muslim Indian immigrants) and the local Sindhis. I suggest, stop watching that TV and go and live in a third world nation for 5 years. I have for 20 years.

[amsd1231]

Okay I cannot force you to believe what I believe, but I will try to point out what I think is incorrect information. Pakistanis and Haitians cannot make a first world nation because they have been taken advantage of by the western world during the colonial years and their ppl do not have access to education, not because their race is inferior. The Chinese you mentioned has to attend school untill grade 6 by law, only half of future Indian works get that far.

[amsd1231]

I am double majoring in economics and sociology so the information I am getting below is coming from my textbook. I assume that you are a Pakistani, and your claim of "superior race theory" is not coming from intelligence or information but rather a typical response from a country that has been under a colonial regime for a elongated time. Racism is not a genetic evolutionary strategy but a social conditioning. How else would you explain different levels of tolerance in different countries?

[amsd1231]

I also think that if the local people actually get to be a minority like you said, there will be less riots because then economically they would have to either merge or spilt into 2 different countries. For your last comment, I haven't lived 20 years in a third world nation, but I have lived in China for 7 years back in the 80~90's and I try to inform myself with world issues, so I value your view point too. I would like to have more discussions but youtube only allows me 500 letters.

[subz4155]

If Haiti is poor due to exploitation, why was HongKong so rich under British rule? Why is Iceland so well off, they were ruled by the Danes were they not? Why is India better off than Africa? India was ruled for a much longer time by the Europeans. Sorry to tell you but most social science courses (I am an Engineer and yes I am from South Asia)are drenched in Marxism. It is impossible that human gruops having lived for so long away from each other would end up equal mentally or physically.

[amsd1231]

You just have to look at what their main export at the time to see why Haiti was exploited and HongKong was so successful. Haiti at the time, same as other carribian countires, was a leading exporter of coffee and sugar. All these commodities are needed in England to fuel the industrial revolution. HongKong on the otherhand served a different purpose. As the name suggests("Amromatic Port") it was a main trading post for China and Europe. All the wealth in the Chinese Empire was being funneled

[amsd1231]

into HongKong to be traded with Opium. As it was the case with Singapore, it was natural for HongKong to develope a strong financial system and commerce than Haiti. Another point I would like to mention is as an educated individual like urself, you should be able to tell the difference between political science and sociology. The two are totally different fields, and as an economist, by definition I have to disagree with Marxism. For your, evolution theory, it took us homosapiens hundreds and

[amsd1231]

thousands of years to evolve into what we are today, and it was only about 10,000~20,000 years ago that we started to migrate, I think you are over estimating the speed of evolution. Also, I don't know what kind of magazines you've been reading but papers I've read said the education that African Americans are getting is mediocre at best and the quality of it is going down every year. BTW on your standard the Europeans were the "stupidest" race in 1300 and the Arabs were the "smartest."

[sarjil]

Given that i'm an american of indian heritage, it is mind blowing to see commenst like urs in all my classes where so many 20 year olds native americans get told and apparently believe in the most un realistic, most insane idealogies.

[Xenthoid]

indeed but humans have been migrating sense their origins, its only until around 60,000 yrs ago did they leave africa. With the education disparities its much more deeper than quality its also socio-ecnomical and family structure and will to learn. I'm from the States( born and raised) i have went to school in those impoverish areas. Its not along racial lines for education gaps( it appears that way) its really along the lines i have prescribed above.

[Xenthoid]

certianly the quality is a factor but its not the only component. the issue with minorities ( hispanic, Native and black) with poor education is on a level inwhich the community and the people will have to fix, no one else.

"Europeans were the "stupidest" race in 1300 and the Arabs were the "smartest." indeed, and therefore people should be weary of those that proclaim racial superiority based on percieved notions of advance society, intelligence etc.

[johan404]

"Why is Iceland so well off"

I know this comment is 8 months ago, but thanks for the laughs.

[Xenthoid]

how do you know its impossible? for humans to end up with equal mental/physical abilities? there are cases of coevolution in human populations ( evolution of light skin in Europeans and NorthEast asians) however microevolution can cause specific traits to be selected for. I would expect differences but those don't occur much on precieved racial lines and are more incline to follow people with similar biohistorical and environmental backgrounds

[subz4155]

And besides the U.S govt spend millions on black Americans but I have seen people from talented but poorer nations like Mongolia and Russia doing great engineering work when I was in the U.S.A. They did not have the priviledged education of black Americans but came out much better than any of them.

[sarjil]

Wow, props to ya subz for seeing the truth, i have seen that a lot of foreign born kids who grew up in america( like myself, a desi) or foreign students see through the marxist facade of an education system. it's ironic that imiigrants and immigrants's kids look at the whole system, we can see through the propaganda of multiculturalism and diversity.They are all just a big giant joke.

[amsd1231]

I can clearly see that you were not born in the US, because you still have a long way to go when it comes to reading English. First to clarify things, I was born in Asia(you need to read before commenting), and I never said there is no racism. I just pointed out the errors of subz's idea that it stems from human evolution. And finally to the point, I am arguing the exact same point that you are; black americans, immigrants, first nations ppl, DON'T get the same opportunity as anglo americans.

[Xenthoid]

perhaps you only see it differently becuase you weren't raised in it. clearly a different perspective will manifest. so tell us about the marxist education system and the propaganda of multiculturalism in the states...

[Xenthoid]

genetic evolutionary strategy? that doesn't tell an accurate story of human evolution. while its likely that humans didn't evolve "equally" however at this point its hard to even say that for sure. although humans a different from one another it doesn't necessarily mean that these difference account for inferiority/superiority but are measures of adaptability to prescribed environments.

[FranceParisian]

you are a very intelligent person,

[Xenthoid]

thanks...i dont think of myself as being really that intelligent...but maybe I just try to be objective, reasonable, and logical about things...

[subz4155]

Europe does not need immigrants. I am asian myself. Europe needs more European i.e more white European babies. And it needs more discipline. What good has all those Algerian and Jamaicans done to Europe. They are far worse than the native Europeans as well. Non Europeans will not integrate well and will cause a civil war in the future. That Rogers will be prooved wrong trust me. And when was turkey a European nation. Russia has a far far better claim for EU membership.

[agfigueroaa]

Europeans do not want immigrants....

they are racists...

They do not understand a thing about economy.

They live in a buble created by the welfare state.

Asian work more, earn less and are equally clever. They are going to rule the world.

[danberkeley]

yes, yes, and yes. it's the same with america. americans have been too protective lately and should revert to the time before the Civil War but after the revolution.

[johan404]

That's true and false at the same time. While Asians are very clever and hardworking people, there are also a lot of freeloaders. Many of the immigrants that come to Europe milk the welfare state for all it's worth, same thing in the US. Mexican illegals have helped bankrupt California.

If only they would not give any welfare, or limit it to child support and the elderly at least, then we would not see as many freeloaders and mostly productive people would immigrate.

[agfigueroaa]

Sure, I call those parasits. These sort of people can be found everywhere.

I ahree

[BIowback]

Jim Rogers is my hero.

[dadada75]

2 rich intelligent guys walking the streets like nobody's business!!..you'll never see that in asia though..

[HamiDjoukou]

yes, the streets of Amsterdam...

[danberkeley]

that last shot tells you everything.

[jayangli]

@dadada75 y? marc faber smokes

[sh200kr]

Jim Rogers is GREAT!!!