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We're back now -- noted investor Jim Rogers chairman and CEO of Rogers holdings and author of a gift to my children.
Speaking of your book.
Regular people do because they'll listen you know -- -- short this -- -- that you live in Singapore lot of people watching this show don't have the ability to do those things would they wanna protect their kids to well.
You should invest and only what you know charge you should listen to me on TV is not -- you on TV or your money you should only invests in things you know about.
Otherwise keep your money in cash and wait till you -- and the reason so many people lose money.
This -- they keep jumping around investing in things they don't have a clue what they're doing.
So what normal people should do -- just wait.
What you write this whole thing wouldn't you say -- -- in the corner then you go over and picking up yes you wait until they're good opportunities and take advantage.
There's so many opportunities out there -- timing it's one thing that and being able to sense what's happening what is an opportunity take for example the banks everybody says and tax about the financials until the financials don't turn around.
We can't have recovery in the markets nothing has really changed about that about the banks since 2000 -- eight.
It should mind their -- I'm short I'm short of bank is set the thing if opportunities.
And I issue and a much content have too many friends and it's a big as they that it that it and it looked.
But don't listen -- some great opportunities of cotton is -- in cotton is going through the roof -- making all time highs as we speak if you world corn farmer.
You you -- my goodness things are great.
There are plenty of opportunities out there right now invest with farmers invest in agriculture I think.
Agriculture is going to be one of the great industries about a tough if you -- to pick one commodity to invested for the next ten years what would you pick agriculture.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- If unlike a lot of money in -- may be sure there.
-- you might make a huge amount of money insured.
Even been -- center for at least a decade I mean -- and I learned a lot from you examines genocide that so many shows on the news channel together.
It was -- -- What do you think then -- That we just have to go through this meltdown it's unavoidable you're sort of big time bank.
And how will we come out of it how this nation be able to come out of something like that.
When we accept reality would we stop spending money we don't have.
When we go down to a lower level and we start -- which -- have histories work.
Without in the early -- Scandinavia gotten a terrible problem a lot of people went bankrupt -- a horrible three years of pain horrible pain.
Then they've had fifteen years of great.
-- we accept the fact that we won't be the preeminent nation in this in this world for much longer but the largest debtor nation in the history of the world Charles.
The largest debtor nation in the history of the world somebody's got to wake up to the fact that we are no longer what we used to -- The largest creditors and now -- China Korea Japan Taiwan Hong Kong Singapore.
They're all in -- You know who the largest debtors are heading where they are now I don't like this I'm an American citizen -- vote here I had to pay taxes here.
We've got to face facts and then maybe we would deal with the problem.
Very quickly we got a rap and and we wish he had more time to give us some reason to be positive and optimistic on the US economy where they're -- fantastic opportunities and agriculture in America.
American farmers are gonna have a fantastic twenty years.
Miners in America but lumberjacks and American oil -- and many people in America gonna have a splendid.
Boston in New York maybe not maybe -- -- -- of this and it -- -- right does the financial network.
Go become a -- and her to drive a tractor.
I -- -- yeah my my hello I have a Xeon Jim Rodgers always a pleasure in the eyes seeing he's a great having you on -- sliding on.
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