Tuesday, April 7, 2009

"Get yourself a tractor"

Old school commodities guru Jim Rogers talks about bailouts and a global currency amongst other things. This interview has several interesting moments, but the finale really stands out. I would like to quote Jim Rogers from the video below because I think his idea of VALUE is worth echoing within the pages of Tom Paine's Ghost:

“You should become a farmer, we should all become farmers. Farmers are going to be the most successful sector of the world for the next 20-30 years. We’ve all made mistakes on Wall Street. The power is now shifting from the money shufflers to the people who produce real things. This has happened often in history, it’s happening again. Get yourself a tractor…”

Feel free to laugh at Jim Rogers like many at CNBC or on wall street or those AIG executives singing "I'm on a boat..." Jim Rogers understands the fundamental concept of VALUE and for that he is smarter than most Americans. If fiat money propagators just took a small shot of this concept every morning, the world would be a much better place... recession-free perhaps. Should you have to put the concept of VALUE on the back-burner for a bit, at least keep it simmering.

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