Monday, March 30, 2009

Investing In Real Things

James Rogers gives an interview for the U.K.'s Channel 4, and the poor interviewer can't believe what he is hearing, as Rogers presents to him the reality of the economy and what it will take to avoid a depression. One of the most important things, other than giving a basic economics lesson, that comes out of this interview is the importance of investing in real things, farming, mining, etc... So, time to expand your gardens folks, and learn a necessary skill. This is what will last and be of worth in the coming years. Enough of the efforts to create desire for extras, if what Rogers, Austin Fitz, Roubini and Celente are saying is true, the yeoman will be the one prospering.

This reminds me of my public school education. Many times I remember the history texts, in a deriding way, taught of how Thomas Jefferson wanted the U.S. to be the food supplier to the world, with farming being the main occupation of our population. Somehow, that doesn't seem so absurd now.

Here's the Rogers interview.

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