2020 Collapse

The 3rd video of the Peter Schiff & Jim Rickards interview is especially interesting.
Schiff almost starts a fight about what inflation really means (Jim Rickards says it's measured in prices, but Schiff insists on inflation being the increase of the supply of money):

 
alor said:
it could be blocked by your country medias, here we watch the channel everyday about the floods, its been months already, the rain
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Not blocked , just no one gives a shit about china. China can rott in the ground and no one would shed a tear.

They play stupid games and are winning stupid prizes, karma is a bitch
 
Price of freedom needs its payments, more need to be shut down
that is how relations are run nowadays
 
Jason1 said:
Not blocked , just no one gives a shit about china.
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Market intelligence is very crucial. You want to know what your competitor is up to. The reason why Taiwan and Vietnam escaped the worst is because they were monitoring them from day one. If the floods overflow and destroy the pharma factories, the world could be in a lot of trouble.
 
alor said:
Price of freedom needs its payments, more need to be shut down
that is how relations are run nowadays
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lol I wonder if even one person here would choose China’s ‘freedom’. Even the Chinese tell me they don’t live for anything except for the ‘collective’. It’s the human ‘borg’ from Star Treck
 
heartastack said:
lol I wonder if even one person here would choose China’s ‘freedom’. Even the Chinese tell me they don’t live for anything except for the ‘collective’. It’s the human ‘borg’ from Star Treck
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you totally missed the point, only in America they use freedom, in a socialist country. China is communist and they accepted the collective concept and no pretending lol
 
wait for Chimera lol
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Jim Rogers sounds like a drunk in this latest interview. He also seems to keep carry on his "usual verbalizations", he "buys gold silver", "because gold and silver hold their value, everybody should hold some gold and silva'..."


Nothing original in the entire low level interview. It's a shame how low someone can sink.
I read books by him and he seemed to understand China very well. But not much about the current trends.
 
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Before covid so many of these pundits would have you believe a stray feather would bring down the world's economy at any minute. Here we are 6 months into an extremely serious pandemic and it's still standing. They don't have much left to say except the obvious.
 
^
Yep, I think that 'some form of economy' will keep on running.
Food will be produced and people will keep consuming, there will be 'work from home' available for a plethora of industries. Banking is also necessary.

Just that certain branches will suffer tremendously: tourism, transportation, mass entertainment (like concerts, cinemas etc.), major sports events, the automotive industry, cruise ship trips, museums, commercial real estate, AirBnb, Uber and many others will collapse or scratch the ground...

Other industries will adapt. Digital marketing, the IT industry, banking and investments will find ingenious new ways to adapt.

Hookers will become cheaper.

Damn: politicians won't go bankrupt, not even now. Yep, priests will still survive, they'll have new topics to preach about.
 
TreasureHunter said:
I read books by him and he seemed to understand China very well. But not much about the current trends.
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Jim Rogers is just ranting, not speaking what he actually does. Do you know he lives in Singapore and not in China?

I remembered listening to him 2 years ago when he was saying gold will drop below $1000. At that time, gold was $1200.
 
sgbuyer said:
Jim Rogers is just ranting, not speaking what he actually does. Do you know he lives in Singapore and not in China?

I remembered listening to him 2 years ago when he was saying gold will drop below $1000. At that time, gold was $1200.
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Yes, I know. And I also know he keeps talking about how important it is for people to learn mandarin. He understands many things about the Chinese economy.

Rogers' "A Bull In China Book" was very detailed about aspects regarding the Chinese economy, investing in China. But his interviews about the global economy and the current trends lag behind.
 
TreasureHunter said:
Yes, I know. And I also know he keeps talking about how important it is for people to learn mandarin. He understands many things about the Chinese economy.

Rogers' "A Bull In China Book" was very detailed about aspects regarding the Chinese economy, investing in China. But his interviews about the global economy and the current trends lag behind.
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I've not read his books, but Jim Rogers is a shrewd businessman. He is courting the Chinese for business deals. Recently, he is also into North Korea which presents even greater money making opportunities than China.
 
TreasureHunter said:
The 3rd video of the Peter Schiff & Jim Rickards interview is especially interesting.
Schiff almost starts a fight about what inflation really means (Jim Rickards says it's measured in prices, but Schiff insists on inflation being the increase of the supply of money):

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Inflation is caused by printing currency, and increasing prices is a side-effect of that currency making its way into the real economy. Printing currency itself won't cause inflation of prices. Velocity of currency is key.
 
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