I will believe the Saudis don't see any upcoming problems with Ghawar when they cancel one of their projects due to low oil prices. If they continue to be full steam ahead with increasing their capacity then I think they are aware that Ghawar may not be as robust in 5 years time as they would like us to believe.
Posted: Sun Jul 13, 2008 12:03 pm Post subject: Jim Rogers.The Dollar is Doomed as is Fed
In this very recent interview with Bloomberg Jim Rogers says Asia is the future, the dollar is a terribly flawed currency and he doesn't want to own any, oil will certainly pass $200/barrel soon, and the (privately owned) Federal Reserve will disappear within the next decade.
Posted: Sun Jul 13, 2008 1:01 pm Post subject: Re: Jim Rogers.The Dollar is Doomed as is Fed
pictishbroch wrote:
In this very recent interview with Bloomberg Jim Rogers says Asia is the future, the dollar is a terribly flawed currency and he doesn't want to own any, oil will certainly pass $200/barrel soon, and the (privately owned) Federal Reserve will disappear within the next decade.
China's not the future, except maybe as a world army force. The future is a world for the rich. Energy and healthcare are about the only growing sectors left. The federal reserve will be phased out for a north american central bank within 5 years. _________________ Just look at us. Everything is backwards; everything is upside down. Doctors destory health, lawyers destroy justice, universities destroy knowledge, governments destroy freedom, the major media destroy information and religions destroy spirituality.
Posted: Sun Jul 13, 2008 1:46 pm Post subject: Re: Jim Rogers.The Dollar is Doomed as is Fed
I thought Jim Rogers was Clarence for a minute there.
_________________ If you want a picture of the future, imagine a boot stamping on a human face--for ever."
-George Orwell, 1984
Joined: Jun 26, 2007 Posts: 1438 Location: The Canada of America
Posted: Mon Jul 14, 2008 5:47 am Post subject: Re: Jim Rogers.The Dollar is Doomed as is Fed
mmasters wrote:
China's not the future... The future is a world for the rich
What is it about about these two statements you find incompatible? Have you checked to see where all the money, infrastructure, and know-how the US used to have's been going for the past 20 years? _________________ I can has cheezburger?
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