During industrial revolution in the west quality of life improved 50% a generation, in China these last 20 years lifestyle has improved 1000% a generation. That's 1000%. Life expectancy in the US in 1900 was barely 40 years now it is +75. This is simply how prosperity is built, on the shoulders of the people. As far as the Orwelian state China goes, they get their examples not from Nazi Germany 1940 but from London City 2008 or the patriot act sorry to say.
Would love to know where you get those stats. During the industrial revolution, masses upon masses of people spent their whole life slaving away at factories and mines. They died shortly, either in an accident or respiratory complications. "Quality of life" is not an applicable term for that existence, cause that is not living. China is a nation held together by fear. People dissapear and become "organ donors". Any political groups are targeted as they are easy prey. It will get even more interesting when they run out of those, as the appetite for China's human organs is growing.
"Soros' hedge-fund empire grew in subsequent decades, making him a multi-billionaire, while Rogers' net worth, which he declines to disclose, is a fraction of that, although it's certainly not insubstantial. True. And that was literally 25 years ago. Since then, no one on Wall Street has ever figured out where Rogers clears his trades at, either. As a result, many postulate that he doesn't even trade, and simply appears on CNBC time after time (fielding "grapefruit" type questions ) promoting himself and his books.
rogers is by far the most reputed global macro guy trading multiple markets on both the long and the short side. he is stunning. there is not much more you can say. for some big calls it is tough to get the timing right. but he is truly amazing. especially since he is trading his talk.
rogers is a great analyst. just amazes me how he can be wrong with regards allowing the system to collapse. his darwinian theories wont work because congress will make the system worse before it all cleans itself(like in the 30's). you guys worry about taxes, if you let this turn into a depression you will see the anihilation of the rich in the US
I'm thinking what make him unqualified for the Fed or Treasury chairman? Or maybe he didn't want to be.
Rogers is a broken record. He doesn't trade his talk. That's a joke. He talks his trade. As in "talking your book". There's a difference