The USA is not the most in dented country in the world not correct Investing in Indonesia Vietnam etc these are all countries full of American multi national corporations The US is currently investing two trillion $ in reshoring some its multi national corporations especially from China and the result will be the crumbling of their economic foundations The US is the only country with growing economy and population ie it has a bright future ahead
Like I’ve said before here I think the takeaway is not that you can move abroad and relax. You need to keep your bags packed because wherever you are going things can change very quickly.
I love Jim Rogers. I read his book a decade ago and have since been impacted by his story especially because at the time I was traveling-living in other countries and had already considered an EX-pat existence. Glad to continue to hear more from him.
6:02 "If you're not prepared, you better at least have options". Simple. I don't need 7 figures to get a 2nd residency (at least). I don't have to live there, I just need to have it as an option. Great questions, Andrew. Thank you gentlemen.
Jim Rogers is one of the smartest, funniest and most humble investors out there. When I first heard him say "I'm not smart enough to know ______" I thought it was false modesty but it isn't. He factors his prejudices and ignorance into his investing decisions and the results speak for themselves.
Rogers is a historian by formation, so he knows what he is talking about when speaking about "in the past...". With the accumulated experience he has very wise thoughts about the current situation of the economic world.
Thank you very much for this Classy interveiw with Mr. Rodgers.....I have listened and viewed many conversations that Mr. Rodgers has had, I believe he was the most Relaxed and comfortable in your talk with him, Andrew !
Many years ago , Mr. Rogers instilled within me the importance of holding gold. Thanks to Jim's influence , his advice has made me very well positioned. ...He is truly an investment guru .
What an extraordinary fun informative event at NMC Malaysia .. privileged to have attended . Mr Rogers and all guest speakers not forgetting us inquisitive invitees who attended was truly an adventure.. so very cool
@@bernadettesandoval3990 And if you'd bought commodities you would be down on most and slightly up on some. I've been holding the DB Agriculture ETF for about 8 years and I've made no more than 10% over that entire period.
I'm Malaysian American. He was a China shill and oversold the commodity super cycle. Look what's happened to China .. China's debt to GDP is 300%, it's real estate sector is 30% of its GDP, Infrastructure swallowed the commodity super cycle, now China is in deflation, it's demographic of problem is that it's the most rapidly aging society. Shadow banking alone is over 3 trillion USD, local governments are in debt to 9 trillion USD. The US debt ceiling is 33 trillion and it's total debt to GDP is 130%. Check India it's GDP was bigger than China's before the western In industrial revolution.
Mr. Rogers speaks in a very balanced way; you can see the experience of ups and downs in the calm and measured way he speaks. Thank you for this interview.
Thank you for the interview. I have moved to Uzbekistan not so long ago (mostly for work) and I am pleasantly surprised that mr. Rogers praised the leadership of this country. I wonder if they are going to accept double citizenship sometime soon.
The vast majority of the East Asian looking people living in Uzbekistan are actually ethnic Lao people they came from southern China during a Tang dynasty.
@@jpb4264 East Asian populations and Southeast Asian populations are Lao descendants. After CR sequencing, a number of Laos samples displayed new SNP motifs within haplogroups B and D that were found recurrent in other Central, East and Southeast Asian populations (Thailand, Vietnam, Hong Kong, Uzbekistan, Japan and the Miao). All populations shared haplotypes with the Laos sample. haplotype (haploid genotype) is a group of alleles in an organism that are inherited together from a single parent. 46% of the Laos haplotypes were found in other populations.
Andrew, I am a big admirer of you and glad to be your follower. Thanks for sharing your knowledge with us. I'm a US/Mexican thinking about relocating soon, tired of working for decades, I need a break. Big hug to you.
I've been debating moving back to Hungary since 2015,....Toronto has become more expensive, unfriendly, and mediocre since Trudeau's woke pack took office.
@@markmartin7384... so worth it. Your dollar goes further, the social life is way friendlier there, and the food is not fast and filled with chemicals. In fact, the Hungarian gov't heavily taxes American junk food to make them far more expensive then local brands. Good Luck.
I’m American, and I’ve been looking into moving there. Are you originally from Hungary? I have seen many comments from people in Hungary and Belarus talk about their desire and actual move back to those countries. They basically said that they felt safer, the people were friendly, there is more importance and focus on family life, and community. They said that life in America was just very different, people are closed off, not as real and friendly, less cultured, and a lot less expensive in all departments. Health care, housing, food, that the food it is far better quality. Do you feel that this is true? What things did you like and not like about America and Hungary? I’ve really been curious to know, if you could take the time to answer, I would be very grateful. I see that you briefly responded to aboutthe person, I just wanted to hear more.
Singapore is a benign dictatorship, which means that they can look and plan long term. They also employ ministers who are specifically qualified in that particular field, so they know what they’re doing and they are chosen on merit.
The US needs a benign dictator to handle all the low IQ people in the masses and now in academia and government. Rome elected dictators for two year terms to put the mess in order. It might be too late.
@@marklucas1898 technically you are correct, but the PAP have been in power since 1959 and whilst they do have an opposition party of sorts, they’ve recently introduced media misinformation laws, which were used to shut down coverage of the opposition I believe
He’s SPOT ON!… motorcycles are the BEST way to experience ‘travel’… with a bicycle the second best… There’s not one ‘distance’ motorcycle trek I’ve taken that wasn’t AWESOME… & much of that awesomeness was many of the people I met.
Jim Rogers is very wise. We could learn from him but not to blindly follow him. One must tailor make his own life, taking race, culture, philosophy, ……… into consideration. Everyone is different!
We in the West need to at least wrestle with the fact that we are here, be it the USA, Canada, Australia, even Europe, because our ancestors had the courage to leave their native homeland and kin to seek out a better future. That courage and faith was rewarded. It must not simply be a footnote or relic of history.
In the last 2 years, a lot of Americans came to Portugal. especially to Algarve, where I am living, and they are happy and enchanted with their choice that most became to develop small businesses
Are you seeing a backlash, from rising material inflation and locals growing tired of the foreign influx? We were all set to start Portugal living analysis and possibly D7 residency. But, the Ukraine war, rising tensions and prices and the likely effects of food insecurity in Europe and Africa (which hasn't happened thankfully but still might), all of these factors made us bail from Europe and look to South America. Seems like we dodged a bullet with the travel and cost increases in 2023. Glad you are enjoying your Portugal refuge.
@@BOULDERGEEK Food insecurity is a jargon invented by the elites to create famine everywhere through bureaucracy in the supply chain. This is the same in settlements, Water resources and so on. Europe is a new soviet union. Your money could be valued more in Uruguay or Paraguay , the countries I like most to live in South America. Portugal is a small country with a secular culture with excellent weather and infrastructures, but unfortunately, its government attracts rich people with low taxes, attracts desperate immigrants from everywhere for cheap labour and expels its own citizens to move abroad with high taxes, destroying small businesses.
I moved to North America decades ago; now my first choice would be Paraguay especially being away of conflicts and enjoy good life style and opportunities. If I would live in Europe, first choice would be Switzerland.
Paraguay is where the ancient Native American are from that passed through India but were originally from Lajia China. A lot of Scandinavian people adopt them because they are so poor. I know in areas of Latin America the natives don’t want to be bothered and are concerned with gentrification because they have no land to live on.
Great information. I was fortunate to visit India over 50 years ago. Since then, I've visited over 40 countries and have 7 children. All are bilingual, even my 7 year old. They are in Vancouver, Winnipeg, and Cebu, and hopefully, some will survive the pending collapse. One place you don't mention is the Philippines. It's got my bet. Well located and English speaking with a young educated workforce.
Jim Rogers is a legend, and I still follow his commentaries. My biggest regret is not following up on his kind invitation to visit him at his home for coffee back in New York a few years before they moved to Singapore, as they lived just down the street from me and we had emailed a few times. Jim was basically the first to open my mind 20+ years ago to having this kind of historical perspective and global mindset, and right now I'm working on different places around the world to live and different investments I can make to be set and secure as far as possible for the rest of my life. I still hope to meet Jim in person one of these days and shake his hand! 😀
Mr Rogers is absolutely correct about the Indian bureaucracy. Thousands of Indian millionaires have been leaving India every year for many years in a row. Indian leadership is not particularly keen on curbing bureaucratic corruption.
And I've noticed the same happening in the US. The bureaucracy is getting as bad as in India and UK. No wonder Americans are moving out of the US in droves. (I'm originally from India. I moved to the US in 1988. I would consider moving back to India but the bureaucracy is my biggest challenge.)
@@vweggers European countries with low levels of corruption should be suitable for high net worth individuals from around the world who can set up corporations in these countries, and avoid the very high personal income tax rates.
@@vweggersgood to hear that move back to your original country, hope you could change the India politics landscape by involved local NGO and upgrade to local politician and improve local people living. India women are well educated and smart as well unfortunately when they are in good positions (women)they ignore the bureaucracy (take away the rights of the poor people) existing for many decades.
My dad got married in the early 70's and refused to take American citizenship until after 9/11. Even then he didn't want to, but there was a lot of misinformation and hysteria going on
The US has simply not understood that economic growth of a country can only happen within the country itself, when rising wages lead to more demand from consumers giving the industry incentive to grow and create more well paid jobs which increases demand, a self propelling rise of the whole country. When a country allows it's industry to outsource jobs to places where wages are lower less and less consumers have the money to buy anything and the only way to generate the money consumers need to buy the stuff produced abroad is ever more debt.
And, war after war putting us further into debt instead of paying down the debt, improving the infrastructure, securing our citizens’ safety nets, job security, affordable education, affordable housing, Green energy. China has been smart, and stayed out of wars.
I don’t think outsourcing is nearly as harmful as financially supporting many countries with the hope of having political influence. Our politicians for decades have done this with reckless abandon and they achieved just the opposite. The world doesn’t love albeit many want to come here but only to escape poverty and corruption and take advantage of our social welfare systems. America is in decline because of many reasons and stupidity & liberalism is high on the list.
@@TomBTerrific Ok, lets talk about outsourcing ..... The workers producing stuff are at the same time the consumers who buy the stuff they produce, outsourcing means moving the jobs to some other country. Service jobs that don't produce anything like hairdressers or so are just 3rd party hands the money runs through in the cycle from manufacturers to consumers and back. Now WHERE do consumers in your country get the money from to buy the stuff workers in other countries produce? The answer is NOWHERE, they don't have that money and the two results coming out of that are for one an exploding trade deficit and for two exploding national debt. As of today over half of all Americans cannot pay their rent on time, let alone buying cars or anything, the national debt of the US doubles roughly every 6 years and the US is the worlds biggest debtor. If the jobs producing stuff where still in the US none of any of that would happen and the blaming of immigrants or welfare systems for the economic crisis is nothing more than scapegoating. Taxes cannot be blamed either because the US government gives out more more money towards consumers and subsidies to companies than the total of taxes it gets, simply because workers who lost jobs in production and are now flipping burgers in some fast food chain pay only a fraction of the taxes they used to pay in their production jobs and the rich got under Trump the largest tax cut in human history.
Mr. Rogers needs to revisit Russia. From his books I know he had a bad time here. But it's a difference country than it was 15 years ago. I'm an American living here (Russia) and the best way to describe what's happening is they're in the process of cultural and religious revival. The Russians are finally rediscovering who they are and what they want to be after flailing around for 30 years post-Soviet collapse.
Absolutely correct. Russian cities are beautiful, safe and civilized - unlike American cities. And the cost of living is half what it is in America. Western civilization is in rapid decline while the BRICS rise and expand. The US is broke.
I find Mr. Rogers' views on India's rise thought-provoking. In my opinion, the progress of a nation is intricately linked to the aspirations of its people and the quality of it's leadership. Today, the aspirational spirit of Indians is evident through the success of Indian immigrants worldwide. Bureaucracy is only a tool, and its impact depends on how it is wielded by leadership. Fortunately, there seems to be a positive shift in this regard, with the current Indian leadership displaying a shared sense of aspiration with its people. I am optimistic and hopeful for India's continued growth in the coming years.
25:09 There comes a time when one realizes that even the most successful players/investors, etc., have lost their magic touch. For Jim Rogers it is at 25:09. A clear demonstration of the Westerner's lack of or at best superficial understanding of this country.
I like to draw a parallel with this statement and Nomad Capitalism, nations, and nationalism: “Extinction is the rule. Survival is the exception.” Carl Sagan
I was at the biggest furniture store I have ever seen the other day, thinking that there cannot be that many folks buying couches and dinner tables.....I was wrong. It is still consume consume consume....I am just as guilty of this. Trying to break the cycle. Interesting note, the diversity of shoppers was immense, looked to be folks from everywhere shopping in this southwest US store. It made me ponder what it was that was driving folks here to US and some in US are pondering where next? Are the new immigrants going to fall into the same 9-5 consumption based life and economy as the old immigrants and native born citizens? Is it just a switch? A trade? "Here, take our hyper consumption and debt economy and Ill take your emerging and less systematized economy?"
People like Roger’s need to explain why this time is different. People have been saying America is on its last hurrah for 40 years at least. His argument will probably be correct eventually but it’s a worthless argument if it doesn’t come true in any of our lifetimes.
He must have been inside trading with Soros all those years when they ran that hedge fund. His advise makes zero return over the last 20 years. How do you go 4800 percent to doing nothing.
The interest on the US debt will be all of tax income within the next few years and no one want to buy anymore US debt as evident in the US bond market right now.
@@georgeorwell3501 The CBO projects that 40% of Federal Revenue will go to interest by 2050. Its bad Its something that needs to be controlled and averted now. Its not quite past the point nothing can be done. The big thing sinking the US is Social Security. You cant really have a serious discussion about fixing the problem unless we can talk about major social security reform and perhaps getting government out of the retirement business since this should be a family matter and there should be a filial responsibility of offspring to help support elder parents and people who want to retire need to have more rather than fewer children. If we should do anything it should be free day care to help increase the fertility rate.
The 1% of rich people think of how to invest their money to increase their wealth during the recession. While 99% of struggling hard-luck people think of how to survive without food and daily necessities in the recession and the coming hyperinflation
Correct me if I’m wrong, but hasn’t this guy been pitching gold and silver for the last decade or so? And if so, how’s gold and silver compared to investing in an index fund or even real estate?
Roger's attention to preparing your kids is vital. My son is a multi-lingual dual citizen with a third in the planning in South America. This is at only 17. I have tried to prepare him for the increased destruction of the US as a free country.
@@mztokyo7630 What country? It depends on your likes, needs and wishes. In any case, you start with residency and go from there. What things are most important to you?
@@aphilippinesadventure9184 Thank you for your prompt reply. Important concerns are 1. currency stability / inflation 2. safe environment possible 3. health care quality and costs 4. stable government and utilities 5. natural disasters, i.e. house won't fall over or flood too easily. 6. no need for a car / simple public transportation or inexpensive options or walkable town/city.
@@mztokyo7630 At one time, it would have been easy to include Argentina in my response, but without a stable currency and government, I sadly could not include that. I would likely include Santiago Chile and Uraguay in my rather short list. While Chile has earthquakes, unlike most of Latin America, Chile has quite high standards in their building codes. Compared to parts of Asia, the requrements you list will make a short list. I suspect that nowhere in Latin America would compete with Japan in those areas, - it would be a matter of what compromises you might make. There are compensating issues- some of the most stunning landscapes in the world and truly some wonderful people as well as freedoms to be found that are rare in some parts of the world.
@@aphilippinesadventure9184 Thank you so much for your detailed reply. Yes, we all have to make compromises as not every country can be as safe and stable as others. Short lists make the selection process even easier! If I were to choose Asia, Thailand, Philippines, and Malaysia would be on my short list. Just be prepared for the heat/humidity, bugs and weather related incidents (like Florida) Thanks again!
The main advantage of Singapore is, that it is enough far away from China to not being easily swallowed by China. The disadvantage of Hong Kong is, it was too close to China.
Hong Kong has always been part of China except during the time it was leased to Britain. As for Singapore, why do you think China wants to swallow it? Been reading too much Western lies, have you?
Hong Kong's proximity to China was not it's problem. The UK had to give it back as it was only rented for 100 years. Many HK now emigrate to UK to live a free life in the rain😅
Golly Jim. Who would've thought the country with the largest GDP also might have a large debt? I just finished four months cycling Europe and the Balkans - "closer to the ground" than Jim was. My pick is Albania for tourism.
When I get older, I hope to present myself as wise and humble as this gentleman has. Very well done...
don’t forget he was in business with George Soros.
The USA is not the most in dented country in the world not correct
Investing in Indonesia Vietnam etc these are all countries full of American multi national corporations
The US is currently investing two trillion $ in reshoring some its multi national corporations especially from China and the result will be the crumbling of their economic foundations
The US is the only country with growing economy and population ie it has a bright future ahead
@@othmarbrunner9639 I think you mean "indebted".
@@othmarbrunner9639 as a perce Tage of gdp we are not but straight up debt qe lead the world !!
Love hearing from the older generation. I miss the grace they placed upon society.
Amen.
He’s quite charming 💕
Biden belongs to that generation too. Im not so sure he is graceful
@@margaretburnham5683 demons often are
@@margaretburnham5683pllppllllolloplll
A few of them. Most were fools whose laxity has left us in this mess.
Like I’ve said before here I think the takeaway is not that you can move abroad and relax. You need to keep your bags packed because wherever you are going things can change very quickly.
It's much chiller just to have multiple home bases. They won't all fall at the same time, so you'll have time.
I love Jim Rogers. I read his book a decade ago and have since been impacted by his story especially because at the time I was traveling-living in other countries and had already considered an EX-pat existence. Glad to continue to hear more from him.
6:02 "If you're not prepared, you better at least have options". Simple. I don't need 7 figures to get a 2nd residency (at least). I don't have to live there, I just need to have it as an option. Great questions, Andrew. Thank you gentlemen.
This is probably the best and most informative interview of Mr Rogers I’ve ever seen. Thank you.
Jim Rogers is one of the smartest, funniest and most humble investors out there. When I first heard him say "I'm not smart enough to know ______" I thought it was false modesty but it isn't. He factors his prejudices and ignorance into his investing decisions and the results speak for themselves.
He's not very smart about BRICS or Bitcoin thou. Too old.
@@ZONEPRESSLLC8
@@ZONEPRESSLLC don't be too sure about BTC.
@@ZONEPRESSLLC say that in a decade
@@ZONEPRESSLLCbut he is 81 and has teenager kids so he should be young at heart 😂😂
Rogers is a historian by formation, so he knows what he is talking about when speaking about "in the past...". With the accumulated experience he has very wise thoughts about the current situation of the economic world.
Whilst true, he also has the exact same story as 15 years ago.
Thank you very much for this Classy interveiw with Mr. Rodgers.....I have listened and viewed many conversations that Mr. Rodgers has had, I believe he was the most Relaxed and comfortable in your talk with him, Andrew !
Many years ago , Mr. Rogers instilled within me the importance of holding gold. Thanks to Jim's influence , his advice has made me very well positioned. ...He is truly an investment guru .
Well, you wont get rich holding gold. I believe stock indexes beat gold overtime.
when did you buy gold? has it come anywhere close to beating inflation during that time? i don't understand this strategy please explain :)
What an extraordinary fun informative event at NMC Malaysia .. privileged to have attended . Mr Rogers and all guest speakers not forgetting us inquisitive invitees who attended was truly an adventure.. so very cool
It was a pleasure to have you all! Glad you liked it and looking forward to seeing you next year!
I remember watching videos of Jim Rogers in 2011 - 12 years ago - and he recommended people stay out of US stocks and buy silver and China stocks.
He also recommended agricultural land and commodities
@@bernadettesandoval3990 And if you'd bought commodities you would be down on most and slightly up on some. I've been holding the DB Agriculture ETF for about 8 years and I've made no more than 10% over that entire period.
Almost every reputable investor considers him a sham .
I'm Malaysian American.
He was a China shill and oversold the commodity super cycle. Look what's happened to China .. China's debt to GDP is 300%, it's real estate sector is 30% of its GDP, Infrastructure swallowed the commodity super cycle, now China is in deflation, it's demographic of problem is that it's the most rapidly aging society. Shadow banking alone is over 3 trillion USD, local governments are in debt to 9 trillion USD.
The US debt ceiling is 33 trillion and it's total debt to GDP is 130%.
Check India it's GDP was bigger than China's before the western In industrial revolution.
I found that many macro economy people don’t necessarily make for good stock traders/analyst.
Always great to hear what Mr. Rogers has to say! Lots of wisdom....if you listen.
Jim Rodgers changed my life with his knowledge. I hope to thank him in person one day.
Just when I thought Andrew’s content couldn’t get any better, he brings us this interview!
Andrew is well connected.
if the shoe fits, wear it. America as well as other nations will go down. We are a young country and have a lot to learn with our arrogance
Mr. Rogers speaks in a very balanced way; you can see the experience of ups and downs in the calm and measured way he speaks. Thank you for this interview.
Really enjoyed your interview with Jim. Have been following him for 30yrs read many of his books and followed him on his motorcycle journey. Thank you
Thank you for the interview. I have moved to Uzbekistan not so long ago (mostly for work) and I am pleasantly surprised that mr. Rogers praised the leadership of this country. I wonder if they are going to accept double citizenship sometime soon.
We’re monitoring it…
The vast majority of the East Asian looking people living in Uzbekistan are actually ethnic Lao people they came from southern China during a Tang dynasty.
@@Kingofthehill84China will claim Uzbekistan next.
@@jpb4264
East Asian populations and Southeast Asian populations are Lao descendants.
After CR sequencing, a number of Laos samples displayed new SNP motifs within haplogroups B and D that were found recurrent in other Central, East and Southeast Asian populations (Thailand, Vietnam, Hong Kong, Uzbekistan, Japan and the Miao).
All populations shared haplotypes with the Laos sample.
haplotype (haploid genotype) is a group of alleles in an organism that are inherited together from a single parent.
46% of the Laos haplotypes were found in other populations.
@@Kingofthehill84❤
Andrew, I am a big admirer of you and glad to be your follower.
Thanks for sharing your knowledge with us.
I'm a US/Mexican thinking about relocating soon, tired of working for decades, I need a break.
Big hug to you.
It is always a pleasure to listen in on conversations with Jim Rogers
I've been debating moving back to Hungary since 2015,....Toronto has become more expensive, unfriendly, and mediocre since Trudeau's woke pack took office.
I'd love to go check out Hungary looks so interesting
@@markmartin7384... so worth it. Your dollar goes further, the social life is way friendlier there, and the food is not fast and filled with chemicals. In fact, the Hungarian gov't heavily taxes American junk food to make them far more expensive then local brands. Good Luck.
I’m American, and I’ve been looking into moving there. Are you originally from Hungary? I have seen many comments from people in Hungary and Belarus talk about their desire and actual move back to those countries. They basically said that they felt safer, the people were friendly, there is more importance and focus on family life, and community. They said that life in America was just very different, people are closed off, not as real and friendly, less cultured, and a lot less expensive in all departments. Health care, housing, food, that the food it is far better quality. Do you feel that this is true? What things did you like and not like about America and Hungary? I’ve really been curious to know, if you could take the time to answer, I would be very grateful. I see that you briefly responded to aboutthe person, I just wanted to hear more.
Trudeau is part of new fascist organization, world economic forum. Led by nazi leader Klaus schwaub.
I've lived in Hungary for 30 years. I recommend it.
The best interview with Jim Rogers yet!
Thank you
Oh, I would so love to see pictures from his motorcycle travels!!!!!!!!!
Singapore is a benign dictatorship, which means that they can look and plan long term. They also employ ministers who are specifically qualified in that particular field, so they know what they’re doing and they are chosen on merit.
CCS Cotton Comes from Sheep, they made him Minister for Education after he said that in Parliament
The US needs a benign dictator to handle all the low IQ people in the masses and now in academia and government. Rome elected dictators for two year terms to put the mess in order. It might be too late.
@@blueyhis.zarsoff1147that's right, it is called Cotton Wool.
You are either misinformed, or years back in the past! Singapore has an elected government/president!
@@marklucas1898 technically you are correct, but the PAP have been in power since 1959 and whilst they do have an opposition party of sorts, they’ve recently introduced media misinformation laws, which were used to shut down coverage of the opposition I believe
Thank you. Jim Rogers is very interesting.
Jim Rogers; Total class act
Hi Andrew, thank you so much for sharing us this intelligent interview. Jim is such a successful and genuine person.
Thanks again.
Stephen Lam
Thanks for watching, Stephen!
Such a humble wise man! The purveyor of truth .
He’s SPOT ON!… motorcycles are the BEST way to experience ‘travel’… with a bicycle the second best…
There’s not one ‘distance’ motorcycle trek I’ve taken that wasn’t AWESOME… & much of that awesomeness was many of the people I met.
I have a Harley Davidson which is why I got it. I don’t drive it though because of the crime in the USA is bad where I’m living.
Jim Rogers is very wise. We could learn from him but not to blindly follow him. One must tailor make his own life, taking race, culture, philosophy, ……… into consideration. Everyone is different!
Love this man's thoughts. Thank you NC
Is this the guy who praised Mao and pushed people to invest in communist china in the early 2000s? 😐🙄
He is a wise, kind man! He moves me!
Thanks for listening!
We in the West need to at least wrestle with the fact that we are here, be it the USA, Canada, Australia, even Europe, because our ancestors had the courage to leave their native homeland and kin to seek out a better future. That courage and faith was rewarded. It must not simply be a footnote or relic of history.
A great guest thank you Andrew!
ITA. An insightful interview.
Thanks for watching!
In the last 2 years, a lot of Americans came to Portugal. especially to Algarve, where I am living, and they are happy and enchanted with their choice that most became to develop small businesses
Just hope that they are Not from California LOL 😂😂
Are you seeing a backlash, from rising material inflation and locals growing tired of the foreign influx?
We were all set to start Portugal living analysis and possibly D7 residency. But, the Ukraine war, rising tensions and prices and the likely effects of food insecurity in Europe and Africa (which hasn't happened thankfully but still might), all of these factors made us bail from Europe and look to South America. Seems like we dodged a bullet with the travel and cost increases in 2023. Glad you are enjoying your Portugal refuge.
@@BOULDERGEEK Food insecurity is a jargon invented by the elites to create famine everywhere through bureaucracy in the supply chain. This is the same in settlements, Water resources and so on. Europe is a new soviet union. Your money could be valued more in Uruguay or Paraguay , the countries I like most to live in South America. Portugal is a small country with a secular culture with excellent weather and infrastructures, but unfortunately, its government attracts rich people with low taxes, attracts desperate immigrants from everywhere for cheap labour and expels its own citizens to move abroad with high taxes, destroying small businesses.
Why Algarve? It's so rocky and barren..
@@ordoabchao4202 Algarve has a better climate and infrastructure for expats. Similar to Florida to the Americans. But each one has its preferences.
I always appreciate watching interviews with him
Great interview with Mr Rogers. And Thank you Andrew.
Thanks for watching!
Didn't see the whole interview but if anyone saw him talk about "Commodities" please post the time on the vid.
I retired to Hua Hin Thailand which Forbes just named one of the top 3 destinations in the world for people 60+! I agree!
No air links though?
There goes the neighborhood
Great Ideas Andrew and Thank You Jim for open are eyes!
Great advice and forecast from a legend. Thanks!
This is going to be good ! Love this channel.
Glad you enjoy it!
I moved to North America decades ago; now my first choice would be Paraguay especially being away of conflicts and
enjoy good life style and opportunities.
If I would live in Europe, first choice would be Switzerland.
Paraguay is where the ancient Native American are from that passed through India but were originally from Lajia China. A lot of Scandinavian people adopt them because they are so poor. I know in areas of Latin America the natives don’t want to be bothered and are concerned with gentrification because they have no land to live on.
Andrew learn to be humble like JIm..........he is a great mentor.
Great information. I was fortunate to visit India over 50 years ago. Since then, I've visited over 40 countries and have 7 children. All are bilingual, even my 7 year old. They are in Vancouver, Winnipeg, and Cebu, and hopefully, some will survive the pending collapse.
One place you don't mention is the Philippines. It's got my bet. Well located and English speaking with a young educated workforce.
Interesting - it's caught my eye before now. Good luck with whatever you decide to do.
A country that latch her fortune on USA would be a risky option. History speaks for itself. Think twice.....
The Earth is overpopulated, stop already.
@snowbird6855 That's a blip on the horizon. Viruses mutate every day, and the population will self adjust.
@@OceanFrontVilla3 you want to make place for the late comers?
Jim Rogers is a legend, and I still follow his commentaries. My biggest regret is not following up on his kind invitation to visit him at his home for coffee back in New York a few years before they moved to Singapore, as they lived just down the street from me and we had emailed a few times. Jim was basically the first to open my mind 20+ years ago to having this kind of historical perspective and global mindset, and right now I'm working on different places around the world to live and different investments I can make to be set and secure as far as possible for the rest of my life. I still hope to meet Jim in person one of these days and shake his hand! 😀
He's never been a legend. Always wrong.
always wrong?@@apollocreed1000
I'm sure he'd welcome u in Singapore. For a visit and also for u to choose that situs.
Omg how can you reject an invite from Jim Rogers for coffee at his home
You're always right? Must be fun. I'm sure Andrew must be chomping at the bit to get your valuable insights at his event next year!
Mr Rogers is absolutely correct about the Indian bureaucracy. Thousands of Indian millionaires have been leaving India every year for many years in a row. Indian leadership is not particularly keen on curbing bureaucratic corruption.
And I've noticed the same happening in the US. The bureaucracy is getting as bad as in India and UK. No wonder Americans are moving out of the US in droves. (I'm originally from India. I moved to the US in 1988. I would consider moving back to India but the bureaucracy is my biggest challenge.)
@@vweggers European countries with low levels of corruption should be suitable for high net worth individuals from around the world who can set up corporations in these countries, and avoid the very high personal income tax rates.
@@vweggersgood to hear that move back to your original country, hope you could change the India politics landscape by involved local NGO and upgrade to local politician and improve local people living. India women are well educated and smart as well unfortunately when they are in good positions (women)they ignore the bureaucracy (take away the rights of the poor people) existing for many decades.
Even chineese leaving 😂so
@@rajibchakroborthy4181What's your point?
Thank you ! Excellent! First time I have watched your channel and heard Mr Rodger interviewed. Learned a lot. I will be back:)
Welcome!
Wonderful interview. It was fascinating throughout.
Thank you!
Wow. You got Jim. Congrats. I read "market wizards" 30 years ago. He is a legend.
A friend of mine has got his American citizen after waiting for so long. But now, he regrets it as the life in US is getting worse.
Yeah there are better options
Go go go!!!
My dad got married in the early 70's and refused to take American citizenship until after 9/11. Even then he didn't want to, but there was a lot of misinformation and hysteria going on
Your friend was off a couple, few decades..sorry
It was nice visiting mister Roger,s neighborhood.
Andrew this is awesome bro, you might not hear it often but we really appreciate you because changed hearts and minds about these things
I appreciate that!
Andrew, I think this is one of your best videos!! Very informative and inspirational! Old Marine.
Wow, thanks!
Andrew, tu as été a la hauteur d'une légende...bravo !!
Great interview!
Thank you!
The US has simply not understood that economic growth of a country can only happen within the country itself, when rising wages lead to more demand from consumers giving the industry incentive to grow and create more well paid jobs which increases demand, a self propelling rise of the whole country.
When a country allows it's industry to outsource jobs to places where wages are lower less and less consumers have the money to buy anything and the only way to generate the money consumers need to buy the stuff produced abroad is ever more debt.
And, war after war putting us further into debt instead of paying down the debt, improving the infrastructure, securing our citizens’ safety nets, job security, affordable education, affordable housing, Green energy. China has been smart, and stayed out of wars.
I don’t think outsourcing is nearly as harmful as financially supporting many countries with the hope of having political influence. Our politicians for decades have done this with reckless abandon and they achieved just the opposite. The world doesn’t love albeit many want to come here but only to escape poverty and corruption and take advantage of our social welfare systems.
America is in decline because of many reasons and stupidity & liberalism is high on the list.
@@TomBTerrific Ok, lets talk about outsourcing .....
The workers producing stuff are at the same time the consumers who buy the stuff they produce, outsourcing means moving the jobs to some other country.
Service jobs that don't produce anything like hairdressers or so are just 3rd party hands the money runs through in the cycle from manufacturers to consumers and back.
Now WHERE do consumers in your country get the money from to buy the stuff workers in other countries produce?
The answer is NOWHERE, they don't have that money and the two results coming out of that are for one an exploding trade deficit and for two exploding national debt.
As of today over half of all Americans cannot pay their rent on time, let alone buying cars or anything, the national debt of the US doubles roughly every 6 years and the US is the worlds biggest debtor.
If the jobs producing stuff where still in the US none of any of that would happen and the blaming of immigrants or welfare systems for the economic crisis is nothing more than scapegoating.
Taxes cannot be blamed either because the US government gives out more more money towards consumers and subsidies to companies than the total of taxes it gets, simply because workers who lost jobs in production and are now flipping burgers in some fast food chain pay only a fraction of the taxes they used to pay in their production jobs and the rich got under Trump the largest tax cut in human history.
All planned. They understood exactly what they wanted to do
What makes you think they weren't aware?
Authentically deep experience.
unbelievable he got Jim rogers on the show....
I like his mindset!
I really enjoyed this video. Very insightful!
Not a good sign when rich people hedge the future of America. It’s all or nothing for a lot of us.
Mr. Rogers needs to revisit Russia. From his books I know he had a bad time here. But it's a difference country than it was 15 years ago. I'm an American living here (Russia) and the best way to describe what's happening is they're in the process of cultural and religious revival. The Russians are finally rediscovering who they are and what they want to be after flailing around for 30 years post-Soviet collapse.
Not to be crass, but what do they want to be in your view?
Absolutely correct. Russian cities are beautiful, safe and civilized - unlike American cities. And the cost of living is half what it is in America. Western civilization is in rapid decline while the BRICS rise and expand. The US is broke.
I have wanted to visit Russia since I was little.
@@albirtarsha5370probably independent of the west
ok that is not new , same as 30 years ago@@YouGotOptions2
What a lovely talk. Thank you Jim and Andrew.
Thanks for listening!
I find Mr. Rogers' views on India's rise thought-provoking. In my opinion, the progress of a nation is intricately linked to the aspirations of its people and the quality of it's leadership. Today, the aspirational spirit of Indians is evident through the success of Indian immigrants worldwide. Bureaucracy is only a tool, and its impact depends on how it is wielded by leadership. Fortunately, there seems to be a positive shift in this regard, with the current Indian leadership displaying a shared sense of aspiration with its people. I am optimistic and hopeful for India's continued growth in the coming years.
25:09
There comes a time when one realizes that even the most successful players/investors, etc., have lost their magic touch.
For Jim Rogers it is at 25:09. A clear demonstration of the Westerner's lack of or at best superficial understanding of this country.
“If you’re not prepared, you better at least have options” wow 👏🏼👏🏼
Love jims story. Amazing man!
Will be interesting to see how his views regarding BRICS plays out. Interesting.
this is one of the best videos ive ever watched. totally helped me put things into perspective[ective just by knowing more about whats going on.
So glad!
Excellent interview
Thank you!
I recently bought silver on his advice.....after that it fell almost 10%
Fascinating interview!
Jim "The Pauper" Rogers !!!
Always good
😉🤠✌️
Peasant
I enjoy listening to Jim Rogers's intelligent ingenuity.
Very visionary Jim Roger
I like to draw a parallel with this statement and Nomad Capitalism, nations, and nationalism: “Extinction is the rule. Survival is the exception.” Carl Sagan
I was at the biggest furniture store I have ever seen the other day, thinking that there cannot be that many folks buying couches and dinner tables.....I was wrong. It is still consume consume consume....I am just as guilty of this. Trying to break the cycle. Interesting note, the diversity of shoppers was immense, looked to be folks from everywhere shopping in this southwest US store. It made me ponder what it was that was driving folks here to US and some in US are pondering where next? Are the new immigrants going to fall into the same 9-5 consumption based life and economy as the old immigrants and native born citizens? Is it just a switch? A trade? "Here, take our hyper consumption and debt economy and Ill take your emerging and less systematized economy?"
Great interview Andrew.
Thank you!
People like Roger’s need to explain why this time is different. People have been saying America is on its last hurrah for 40 years at least. His argument will probably be correct eventually but it’s a worthless argument if it doesn’t come true in any of our lifetimes.
He must have been inside trading with Soros all those years when they ran that hedge fund. His advise makes zero return over the last 20 years. How do you go 4800 percent to doing nothing.
The interest on the US debt will be all of tax income within the next few years and no one want to buy anymore US debt as evident in the US bond market right now.
@@georgeorwell3501 what do you mean "all of tax income"
@@georgeorwell3501 The CBO projects that 40% of Federal Revenue will go to interest by 2050. Its bad Its something that needs to be controlled and averted now. Its not quite past the point nothing can be done. The big thing sinking the US is Social Security. You cant really have a serious discussion about fixing the problem unless we can talk about major social security reform and perhaps getting government out of the retirement business since this should be a family matter and there should be a filial responsibility of offspring to help support elder parents and people who want to retire need to have more rather than fewer children. If we should do anything it should be free day care to help increase the fertility rate.
@@nanday100 all the US government income can barely pay the interests on the debt.
Rogers has been very influential in my life. I bought a second passport plus a daughter who lives in Chins now
You bought a daughter?
@@Caleb_Mandrake872 you beat me to it! 2023 personified
Incredible mind set
Great interview
The 1% of rich people think of how to invest their money to increase their wealth during the recession. While 99% of struggling hard-luck people think of how to survive without food and daily necessities in the recession and the coming hyperinflation
GREAT TALK GENTLEMAN.
THANK YOU 🏆
I'm glad I was able to get Irish & Italian citizenship by decent both EU. Planning my exit from USA.
Congratulations!
Interesting how little attachment he has to the country and the system that made him one of the wealthiest in the history of the planet.
Great guy. And smart.
This guy is too cool, going around the world on 2 wheels!
Thanks for sharing and surfacing the truth. 👏👍
Correct me if I’m wrong, but hasn’t this guy been pitching gold and silver for the last decade or so? And if so, how’s gold and silver compared to investing in an index fund or even real estate?
Yeah, and all it's done is go down.
I think silver hasn’t quite kept up with inflation while gold has gone up, but not as much as real estate.
I lived, worked and traveled to 30 countries on 5 Continents, presently living in Southeast Asia.
Old Jimmy plays the 183 day No tax game in Singapore
I love this guy! His schtick is country bumpkin, but he is smart as a whip.
Roger's attention to preparing your kids is vital. My son is a multi-lingual dual citizen with a third in the planning in South America. This is at only 17. I have tried to prepare him for the increased destruction of the US as a free country.
What South American country do you recommend? And does it have to be citizenship or just residency?
@@mztokyo7630 What country? It depends on your likes, needs and wishes. In any case, you start with residency and go from there. What things are most important to you?
@@aphilippinesadventure9184 Thank you for your prompt reply. Important concerns are 1. currency stability / inflation 2. safe environment possible 3. health care quality and costs 4. stable government and utilities 5. natural disasters, i.e. house won't fall over or flood too easily. 6. no need for a car / simple public transportation or inexpensive options or walkable town/city.
@@mztokyo7630 At one time, it would have been easy to include Argentina in my response, but without a stable currency and government, I sadly could not include that.
I would likely include Santiago Chile and Uraguay in my rather short list. While Chile has earthquakes, unlike most of Latin America, Chile has quite high standards in their building codes.
Compared to parts of Asia, the requrements you list will make a short list. I suspect that nowhere in Latin America would compete with Japan in those areas, - it would be a matter of what compromises you might make. There are compensating issues- some of the most stunning landscapes in the world and truly some wonderful people as well as freedoms to be found that are rare in some parts of the world.
@@aphilippinesadventure9184 Thank you so much for your detailed reply. Yes, we all have to make compromises as not every country can be as safe and stable as others. Short lists make the selection process even easier! If I were to choose Asia, Thailand, Philippines, and Malaysia would be on my short list. Just be prepared for the heat/humidity, bugs and weather related incidents (like Florida) Thanks again!
Good interview. I enjoyed it very much 😊
So glad!
Jim is the man ❤
Not just anyone can get the former partner of Soros for an interview !
Fascinating to hear Jim Rogers insights.
Thanks for sharing AH !
Next he should interview the most evil one himself
Stans. research had him on but then she interviews all the pe! do satanists
@@sandhills2344 you think people are allowed to just get rich from their own efforts?
@@sandhills2344 …..Jim Rogers parted company with Soros years ago !
@@mcata3625well said 😂😂
The main advantage of Singapore is, that it is enough far away from China to not being easily swallowed by China. The disadvantage of Hong Kong is, it was too close to China.
Hong Kong has always been part of China except during the time it was leased to Britain. As for Singapore, why do you think China wants to swallow it? Been reading too much Western lies, have you?
Hong Kong's proximity to China was not it's problem. The UK had to give it back as it was only rented for 100 years. Many HK now emigrate to UK to live a free life in the rain😅
Go where you are treated best? I don't know about "Best" but the tax rate in Russia is much lower than the USA.
@@Deltron6060 I don't know if I would like the cold. A few people I know there seem to like it overall.
Golly Jim. Who would've thought the country with the largest GDP also might have a large debt?
I just finished four months cycling Europe and the Balkans - "closer to the ground" than Jim was.
My pick is Albania for tourism.
Large Albanian population in Detroit.
I am keen to visit Albania 🇦🇱