I would much rather, and I mean much rather take advice from someone who is usually right like Rogers than someone who is usually wrong like ‘You're a great American’ Hannity.
All Hannity’s flag waving won't and simple phrases wont feed me or pay for my gas and electric. I am convinced someone feeds him his republican talking points.
Think about all the great oil field in the world. They were discovered more than 40 years ago. The UK has been exporting oil for 26 years, within the decade the UK will be importing oil. The US is in serious trouble; the UK is in worse trouble. The UK has nothing to sell. Once the North Sea Oil dries up the UK will be in much, much worse shape. “
“The international energy agency has come out with a report showing that the world’s oil reserves are declining at a rate of 6.7 % per year even after discoveries. You can do the arithmetic, in 15 years there will not be any oil at any price unless something dramatic changes. … the facts are all the world oil reserves are in serious decline. This is true of all commodities you are going to see huge supply problems, the worlds inventories of food are the lowest they have been in 50 years. We have a shortage of fertilizer, we have a shortage of tractors, and we have a shortage of farmers… .
Jim Rogers/Asian Financial Forum (World Commodities fundamenals enhanced) 1/21/09
and what is the birth rate in these western countries?
There’s a massive deflationary push. Anyone who has actual money is going to benefit.