Friday, April 26, 2013

Most People Don't End Up Successful

“Most people don’t think for themselves. Most people just go along with whatever they see in the newspapers or the TV or whatever their friends or teachers say. That’s a terrible, terrible mistake because most of those people don’t wind up being terribly successful in life.”

- Source, Smart Planet, read the full article here:

Monday, April 22, 2013

Nobody is Paying Attention to the Debt

"I would start with the debt in the United States government. You might say “oh, they’re paying attention”, I would say balderdash. You know, my entire life I’ve heard congress talk about deficit spending, bemoan deficit spending, and talk about the debt. Back in the 1980s there was something called the Grace Commission, which was specially commissioned to study what to do about the deficit and the debt. And it passed laws, congress passed several laws since then, saying there will be no more deficit spending, or there will be no more debt, there will be no more, this will change, blah blah blah. And then they turn around and they ignore the laws. This has been going on for a long time. You might say people are paying attention, I would say that’s claptrap, they’re just talking, they have no intention of doing anything about it, and even if they “do something”, what they do is say “ok, instead of having increased spending, we’ll have less increase, we’ll still increase, it’ll just be less.” I mean, no, nobody’s paying attention to it."

- Source, Investors Guide:

Thursday, April 18, 2013

Countries Are in Serious Trouble

"I'm a little surprised it took Moody's so long to get around to lowering the credit rating. The UK, the US, and other countries are in serious trouble, and the world seems to know it. It's just the rating agencies that don't know it. "I suspect sterling will continue to go down in real terms against real assets."

- Source, BBC:

Tuesday, April 16, 2013

U.S Economy Enters a Black Hole

Jim Rogers appears on Russia Today, where he discusses China, the U.S and the Eurozone. He see's the U.S economy entering a "black hole".

- Source, Russia Today:

Sunday, April 14, 2013

I Suspect They'll Take The Pension Plans Next

"I Suspect They’ll Take the Pension Plans Next; I for One am Worried, and I'm Taking Preparations."

- Jim Rogers interview via Lew Rockwell:

Monday, April 1, 2013

Stuck With the Old Technology

"If you go to some countries now, people don’t have telephones with land lines, they just completely leapt over that whole thing. We all used to have telephones with copper wires coming in. Most new countries don’t have land lines, they don’t have all those copper wires, et cetera. They don’t need it, they just completely leapt over all that. That’s been the story throughout history, the way people have developed, something new comes along, people develop it rather than go with the old ways, and people still stuck with the old technology and the old ways usually have to change or get passed by."

- Source, Investors Guide: