Jim Rogers Interviews Marc Faber

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Here is a rare video of Jim Rogers and Marc Faber together. You may not understand the introduction to the video, but the bulk of it is in English.

From the perspective across the Atlantic, is this new plan going to work? 25 countries, which are very different are all coming together. The hope is that this will bring centuries of peace.

Bringing in 9 new languages and people with no infrastructure seems like a stretch to say that this will help the EU. In the US, people don't understand history or anything that happens outside of their country. This is the first time that so many countries have come together to form an empire on a voluntary basis. People are worried that jobs will go to Eastern Europe. But that is better than allowing them to go to Asia, where they would go otherwise.

This will definitely work. However, there are large price differences between the various countries. There are also different tax codes for each country. This will be a challenge, however, different tax codes should allow for a bit of competition between countries.

GE bought a light bulb factory in Hungary. That factory was making light bulbs for 100 years, but GE couldn't get any profits out of that old communist factory. So productivity will be a challenge. 14 years is a long time to invest somewhere in order to turn a profit, so there is a question about whether this will be worth it for companies like GE or Unilever to invest.

When China opened up, they had no infrastructure. Hong Kong was doing much better, but there hasn't been much progress there in the past ten years. Real estate has gone up quite dramatically in cities like Prague. It is a shame that a country like Switzerland has decided not to join the EU. On the other hand, they could be making the right decision.

Category:

News & Politics

Tags:

• Jim Rogers
• Investing
• Treasuries
• Government Bankrupt
• Financial Collapse
• Economic Collapse
• Financial Crisis
• Economic Crisis
• Gold
• Silver
• Dollar
• Federal Reserve
• ron paul
• john stossel
• judge napolitano
• inflation
• hyperinflation
• interest rates
• capitalism
• free markets
• tom woods
• austrian economics
• marc faber
• eu
• euro
• eurozone
• switzerland

[santsuma]

PLEASE PLEASE... inform the DATE this was made. Inform it clearly on the description.

[CFURIN]

Jim Rogers knew it would NOT work. Perhaps we should listen to what he is saying today.

[ExWEIMan]

@icewalker23 You're right. Jim was right all those years ago and continues to say the same things today that he said yesterday (sounds like someone else we know). Who are you going to believe, Jim or the PIIGS?

[CONCEPTUALMAN]

as far as i know this is from 2003

[frickadele]

Pensions will be cut.

Will the two, on either side of Jim Rogers....

have their pensions reduced and their standard of

living's reduced? If the answer is NO....

then fuck those two.

[EconCat88]

Jim is the person that got Faber on board the commodities train.

[LadaRay]

That's funny, Jim is asking whether factories in Hungary, Slovenia or Poland have been productive and a worthwhile investment, and the Unilever guy can only name a factory near St. Petersburg, Russia, which is competitive. And Russia is NOT a member of the EU, and doesn't intend to be.

Funny!

[theoriginalanomaly]

This is very interesting to be able to go back. Thank you.

[elimar008]

who got this right? Martin Armstrong, who predicted that it will end in a disaster

[icewalker23]

Marc knew this shit wasn't going to work. Marc and this other dude were both trying to sell this EU thing to Jim and he wasn't buying. If it smells like shit it sure at a rose bush. Jim should've asked Marc where he was putting his money since the Swiss wouldn't join the EU and watched him trip over every shit turd that just came out of his mouth over the last 6 minutes.