
Its Jim Roger's birthday. No his birthday was not on Oct 10, just that since he was at the Wealth Asia Summit 09 and his birthday is just 9 days away, I think the organizer decide to give him a surprise. He has aged much since I last saw him on newspaper 3 years ago. He and his family are now living in Singapore and his insight into the world economy still remains valid.
Though what he shared with us was not something new to me, it just confirm something that I shared with many, US is on the decline and USD will suffer as a result. Oil has peaked for the past 10 years and the only way for prices is to go up since supply has more or less dwindling while demand is growing. The rise of china will in not doubt happen even though short term there will be falls and challenges ahead. (just look at US grow into a superpower for clues)
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