🚀 go-pugleaf

Jim Rogers is hearing your call.

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/10/24/bcnrog124.xml
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Jim Rogers quits dollar after declaring US recession
By Mark Kleinman in Hong Kong
Last Updated: 7:00am BST 25/10/2007


Jim Rogers, the veteran investor who predicted the 1999 commodities
rally,
declared that the US economy was "in recession" as he said he would
take
flight from the dollar and switch his investments into currencies
including the
Chinese yuan.

[...]


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On Oct 25, 8:07 am, david_huang2...@hotmail.com wrote:
> The Chinese government would let you invest in China provided you
> don't own a majority stake in a major business. It wasn't like that
> until recently, when protectionist policies emanating from halls of
> Congress made us feel "targeted" in the sense that the US extols us
> when it comes to investment in our financial sector while getting
> jittery when, 2 years ago, it blocked a Chinese company from acquiring
> a relatively mid-size Texas-based oil company. At the same time, look
> who owns all the Canadian oil fields. If Canada were to block all
> American companies from operating in the Alberta tar sands, your
> government would invoke Hugo Chavez and claim socialism. And at the
> same time US-based companies descended on the Eastern Block countries
> after the fall of communism like vultures. Either we go totally
> "lessaiz faire" economically, or we accept that the US capitalism
> ain't that righteous panacea for all evil that some economists like
> Milton Friedman would like us all to believe. Myself - I greatly
> respect Alan Greenspan.
>
> DH
>
> On Oct 25, 1:51 am, Brablo <gestureofresp...@yahoo.com> wrote:
>
>
>
> > David:
>
> > You make some outstanding points which I agree with.  However, please
> > help me understand a few of your points.
>
> > One of my issues is this:  The US wants to limit our economy to
> > "government owned entitites."  However, isn't it true that the Chinese
> > won't allow investors like me and institutional investors to invest in
> > Chinese currency and securities?  I read quite a few times that we
> > can't buy T-bills from China.  And the stocks that we can buy are
> > lousy, government-owned companies.
>
> > > I agree that I was a bit harsh on the comment in the tone. But
> > > reverting to substance, what do you think of the fact, Lantern, that
> > > the US wants us to open our market in the code name of "market
> > > economy" while limiting their own economy to shield from so-called
> > > "government owned entities", read: Chinese companies? And how would
> > > you justify the US letting Canada retain and maintain foreign
> > > ownership restrictions in the banking sector, while pressuring us to
> > > act?
>
> > > David Huang- Hide quoted text -
>
> - Show quoted text -