(2004-09-21) Jim Rogers Interview

Interview from July with Jim Rogers. Deadly combination of Budget Deficit and Trade Deficit for the US. The American dollar is a flawed currency and will collapse in value before the end of the decade, taking with it the prosperity of the American nation. Investors should be buying commodities - platinum, lead, wheat, sugar, oil, the sort of assets that haven't been fashionable for a quarter of a century or more. While you're at it, teach your children to speak Mandarin (China), the coming language of the 21st century. And don't encourage them to do an MBA: "Tell them to be a farmer and do a real job."... He has employed a Chinese nanny for his one-year-old daughter. Mandarin will be the most important language in his child's lifetime, he thinks... For the record, his daughter's assets are held in Swiss francs and gold, silver and platinum coins.