Street Smarts: Animated Book Summary

Here’s an animated book summary of Street Smarts. Enjoy:

The book “Street Smarts” by Jim Rogers is an engaging memoir and also a great source of financial education and investment advice from a person who has traveled all over the world with the purpose to see and understand how the countries’ economies and political regimes have evolved. Learn where the next great place to live will be and which country offers the best investment opportunities at the moment, from a guy who not only delivers financial commentary on TV but walks his talks with great success.

Buy the book on Amazon: https://www.amazon.com/Street-Smarts-Adventures-Road-Markets-ebook/dp/B008WOUFIS

Currencies: No Real Alternative To Invest

I wonder all the time where to put my money and I do not find any place that is really a great alternative to the U.S. Dollar at the moment. The Pound Sterling? Forget it! The Euro currency? Maybe temporarily. The Chinese currency? Yes, but it's a blocked currency! Japan? They have huge problems in Japan.

Central Banks: The Printing Presses Are Running At Unbelievable Speed!

 A few highlights from the video,

"The printing presses are running at unbelievable speed."

"I have young children. America is leaving them a terrible, terrible legacy."

Digital Currencies Are The Future - Jim B. Rogers

Digital currency is the future says Jim Rogers. The legendary investor predicts governments will create their own digital currencies. Unlike Bitcoin, these digital currencies will be controlled by the governments that create them. 

How The Rich People Tend To Behave

Interesting readings on financial twitter today:

"Material possessions shouldn't be the goal, experiences and stories are so much more satisfying."

-- Jim OShaughnessy, Founder, Chairman, OSAM LLC


“I observed at an early age, the rich people around me rarely bought anything, while the poor people around me were always shopping.”

-- Tom Ragland

"The best aren't working for money, it's about the satisfaction of creating something out of nothing."

--Orange Book

On other topics, Adam Grant has a will have his new book out soon,

"Great thinkers don’t boast about how much they know. They marvel at how little they understand. If knowledge is power, knowing what we don't know is wisdom. It gives us the mental agility to rethink our assumptions."

China Selling U.S. Treasuries Will Pressure Interest Rates

China reducing American debt will put pressure on U.S. interest rates, they should be going up. From the Chinese standpoint, it’s a smart economic and investment move, one that would strengthen the Chinese yuan. If they sell US debt, they sell dollars, therefore their currency goes higher.

2020 Election: Biden With Largest Lead

 From Nate Silver's, Five Thirty Eight:

"Really more polls are coming in showing Biden up double digits than not at this point. He's up to +9.8 in our national polling average, his largest lead of the campaign."

-- Biden 51.9%

-- Trump 42.1%