Blockchain & Crypto Currencies

Blockchain has a great future. Blockchain is changing everything we know. It's going to change even more. Blockchain is going to put a lot of people out of work but a lot of people lost their jobs because of electricity. And electricity turned out to be a good thing for all of us. Likewise with blockchain. 

That's different from cryptocurrencies. Cryptocurrencies are going to disappear, and go to nothing. But blockchain is going to be wildly successful and important.

Trump Was Wrong To Pull Out Of The TPP

President Trump pulled out of the Trans-Pacific Partnership (TPP) and the Chinese looked around and said, "Well, that means we're the only ones left." So, they can take over Asia now. Maybe that's what Mr. Trump is thinking to make America great but it is doing a lot to make China great because now they don't have any major rivals in Asia and the Pacific.

US - China Trade War

The Chinese are going to become self-sufficient in many things which means that MANY American companies will lose their markets! I think this is going to hurt America rather than help us! 
- Jim Rogers in a recent video interview with RT.com.

Favorite Book: Security Analysis by Ben Graham

The book that I still to this day tell people to read is Security Analysis by Ben Graham. I read it decades ago. Short of that, The Intelligent Investor by Graham and Dodd. Graham's ideas of investing in fundamentals and cheap stocks, I realized that's the that's the kind of investor I was, that's what I loved and thought was great. So, I recommend that book when people ask me what book to read or books to read I tell them about Ben Graham.

Markets: Russia Is Very Cheap

Well, mainly I am cautious about the stocks all over the world now except for a couple of places, where they are down a lot. If and when stocks all over the world go down or if and when India goes down a lot, then I would certainly re-examine India.

At the moment I am mainly looking at Russia. In fact, I am buying shares in Russia right now. Russia is very cheap compared to markets all over the world. The main problem is stocks in much of the world are up and I prefer not to buy when things are going up and I know that there are going to be some problems in the markets in the next year or two. My hope is that when problems come to the world markets, I am smart enough to buy lots of stocks. 

The U.S. Dollar Is Going To Go Higher

The U.S. Dollar is going to go higher, it is going to get overpriced, it might even turn into a bubble. At that point, I am going to have to sell my U.S. Dollars because bubbles always come to an end. I have a few thoughts on where I will put my money when I get out of my U.S. Dollars going forward but we will have to wait to see what happens.

Rising Interest Rates Will Cause Serious Problems

Never in the history of the world have interest rates been this low. They think this is the solution. But I want you to know that eventually and soon interest rates are going to go higher again and when interest rates go higher again we are going to have serious, serious problems all over the world.