Some interesting articles on the current financial situation:
Rolling Stone wrote an interesting article called The Big Takeover. It is subtitled The global economic crisis isn’t about money – it’s about power. How Wall Street insiders are using the bailout to stage a revolution.
Exactly how much does one trillion dollars look like? This post illustrates and compares how much one hundred, ten thousand, one million, one billion and how much one trillion dollars looks like.
Jim Rogers explains in depth why the UK and the US bailout is doomed to fail in the 3-part video. Jim Rogers gives insight into how the markets from around the world are likely going to turn out in the future. The interviewer seems a little slow at times but don’t let this distract you from what Jim has to say.
Glenn Beck from Fox News illustrates the amount of money printed by the US federal reserve. The graph he uses on the TV program clearly shows the increase in money supply – which will end up devaluing money.
In this video Jim Rogers continues to comment on bailouts, especially in the US, Australia and the UK on Australian TV. He continues to state that real assets, commodities and farming will be where the future growth will be.
Jim Rogers who is currently located in Singapore appeared in an interview on Indian TV. Here he continues to state his opinion on the global economic climate and that the world center is moving from the west to the east. Mr Rogers is saying that he’s selling stocks short and moving into commodities because “Now it’s going to be real assets and real things”. Hence he’s going to long commodities and short finance and thinks farmers are going to thrive.
Legendary investor Jim Rogers explains the importance of China in the future of the global economy and how the US dollar is collapsing and will not be the world reserve currency in future. The Middle East will also refocus on its new oil and commodity customers in China.
Some of the most interesting and contrasting facts:
In China people save and invest 35% of income
In the US people save less than 1% or 2% of their income
This is another great Warren Buffett video where he talks about business and investing, similar to the MBA student talk.
Warren talks about his common sense approach to business and investing and answers questions from MBA students. He manages to turn a commonly boring and monotone subject into a fun and interesting talk which incredible wit and intelligent quotes. One of the best quotes is, originally from Peter Lynch: Buy a business that is so good that any idiot can run it because sooner or later one will.
Marc Faber states on Bloomberg news the importance Eastern Europe paying back the debts for European countries to pay back their debs, or face payment difficulties and go bust. Marc Faber also talks about his past predictions and what is happening in the markets now.
This is just a blog about making income using the internet and personal finance in general… well, it seems it turned into a finance video blog instead.