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Showing posts with the label China and how it is affecting the world

BBC News interview of Jim Rogers- Economic Crisis, Collapse, Asia is the new land of opportunities

Jim Roger has a net worth of around $300 million (About Rs 1500 crores) http://www.youtube.com/watch?feature=player_embedded&v=CMjDIjI9_4g Also see  http://drkhalid.blogspot.in/2013/05/jim-rogers-tells-to-avoid-any-mba-take.html
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Billionaire Jim Rogers tells to avoid any MBA, Take an Agriculture degree, Shift wealth to Asia, Trade in commodities, Learn mandarin

Jim Roger has a net worth of around $300 million (About Rs 1500 crores) http://www.therichest.org/celebnetworth/celebrity-business/men/jim-rogers-net-worth/ Jim Rogers had correctly predicted the 2008 crash.  Photo from Interview with Bloomberg Excerpts from lecture by Jim Rogers: Good to learn Mandarin. My daughters dont have american bank accounts. They have swiss and Asian bank accounts. The power is shifting AGAIN from the financial centres of the world to the countries which are producers of real goods, commodities.  Indira Gandhi and Nehru ruined India. Mao tse tung ruined China. Trade Zinc, rice, wheat. Dont do an MBA, do a degree in Agriculture. See the video for the above material at: http://jimrogersblog.com/jim-rogers-extended-lecture-at-baliol-college-england/?utm_source=feedburner&utm_medium=twitter&utm_campaign=Feed%3A+thejimrogersblog+%28The+Jim+Rogers+Blog%29 About Jim rogers: https://en.wikipedia.org/wiki/Jim_Rogers Interview with E...
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China encourages to use yuan as reserve currency instead of dollar

China to allow all trades to settle in yuan, encourages use as reserve currency     China aims to allow all exporters and importers to settle cross-border trades in the yuan by 2011, according to the Chinese central bank, reported Reuters.   Moreover, China will “respond to overseas demand for the yuan to be used as a reserve currency” and allow the yuan to flow back into China more easily.  This is all part of China’s plan for the internationalization of its currency, which may, in the decades to come, threaten the global ‘market share’ of other currencies like the US dollar.  Previously, China also announced that bilateral trades with Russia and Malaysia will begin to be conducted with the yuan and the ruble and ringgit, respectively. From: http://www.ibtimes.com/articles/117991/20110302/china-yuan-trade-reserve-currency.htm
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