dell change pretty fast for shots, the different stories behind the bullets. ah, hello and welcome to the r t interview. i am peter labelle. it is my supreme pleasure to have jim rogers here international, fancier and author. jim, welcome to the race to have you here in saint petersburg. you're an eminent investor. you are an oracle, if you are ok and a lot of people go to watch this interview. the world will economy is receding, and least the industrialized part of the world is the pandemic is receding. some places better than others. obviously, different governments have different reactions to it. and because of the different actions and reactions to the pandemic, we have, we have very different economic outcome. so we were to, as an aggregate, putting it together. where is the global economy going? is we, you see a meaningful growth?

and if it is, what kind of growth are we seeing stagnation, the global economy stalling? what's the, if we could get the most accurate aggregate picture, what it would be up, things are getting better better. but peter, last year everything was closed. i live in singapore, the airport close. so if you have 5 flights a week, now it's better 10 flight. so things are getting better everywhere and nearly all industries. but your question next question should be how long and how long i would suspect by the end of this year or next, we're going to come to the end. but then so much money was pumped into the world economy america, japan, everybody printed is. but is that a good thing? that's the next stage because, you know, there's a huge, huge debate about inflation. what kind of inflation we have. is it leading to hyper in sions?

because it begs issues of inequality in that could be in another one of these outcome in the wake of this patient. we are all this money printing is already leading to inflation. i mean, go to the shop. you don't shop your butler, does your shopping. you don't know what we know the price isn't going, how did you turn the cable? we know the prices are going up and that's going to get worse because when the money put, some economists say is because the economy was shut down, the global economy would shut down. this is a natural reaction to opening up the problem for a lot of people. my butler, for example, is that, you know, it's getting, it's everyone knows inflation is the cruelest tax on working people. how do you react to that here? because it is, it is, it is something that we've already should expect and just expect for it to dissipate, or is it going to become pounded and basically pricing people,

lot of an economy that just went through hell. this time is going to price a lot of people out of the economy because when all the money prices go up, they'll be a reaction somewhere along the lot of correction. but then governments are going to print more money and they're going to get worse. you should get right down and go home right now and buy some rice and put it in the fall. ok, let's see. you jumped ahead of me for the 2nd part of the program about the, you know, what you should be, invest in your assets. but let me go back to government reaction here in this is the 1st global recession we have that was intentionally induced by governments. ok, you can't work in many places in the world, particularly the united states means you can't earn ok. now that is very cruel on people here. so i mean was the reaction and i think you and i are miller to this

here. you know, throwing money is going to solve everything. well, you know, you know, you and i know in our life a very rare, sometimes it does sometimes, but very rarely does it. and we have to figure out the, understand the consequences of your. but if we look at the american context, i was for cash payments because if you don't allow people to work, you have to allow them to live here. but during that crisis, but has we get out of it? you know that the, the, there is the argument where people don't want to go back to work. well, people don't want to go back to work for low wages here. and this is that, can, this is the quandary that we see. well, you know, sometimes the cure is worse and disease and it seems to me that in the us, since we're talking about the cures, worse than it is even america got the highest number of cases, the highest number of deaths, the everything, everything. why do you think that is? well, america is not prepared to go back to trump. you know, mr. trump had 2 months notice. he didn't even have chest. you couldn't even get

tested to see if you had the virus because he was know if you are the governor of new york, you could keep the most part of the american economy were not prepared even though they had a lot of notice. you look at our china handle, if you look at how russia handle it most kind of handle it less badly than the u. s . i mean, nobody's done. a great job. people are not everywhere. but in the us we were not. we did not act very carefully and were, have the worst record, but all of his closing down. and if you ask me and we will know in a few years, but the closing is going to make it worse. people die, you will have no money. they have no jobs. no, it's not. a lot of companies are going bankrupt. whatever. never come back or you're an international theory or an author like you to dabble a little bit in politics. this is enabled people to like people to be reliant on

the state. this is a boon for them. ok. it's a boon. and i find that very, very drug troubling. this is a bone for the press love the well, you have something to talk about. yeah. you have a 1000000 for the entire time. yeah. i mean, if it was my living room, you know, even when there was an economic disaster, the press has to cover it. it's always good for you. britain briefing, it's very you, you have job security. if somebody has to tell, nobody has to tell the bad news yet. somebody else and tell us how bad it is. but seriously here, i mean, when we, we, i see a whole lot of overreach and when there was overreach, governments very rarely recede. and i really worry about that from a civil libertarian point of view. and then also talking about a dependency. and then we seem more than ever before inequality as well. i don't know if we see more in a quality,

we've always had any quality. if you go back to japan 300 years ago, or china 500 years or in the home i, i do know it's always been a huge, huge amounts of any quality in the world. now philosophers, religious people, generals, everybody tries to get rid of the inequality. nobody would, i would quibble with all of those examples and they would, they weren't in, in democratic environment. and we're told that everyone has a voice ok in, in, in, in india of that time, japan of that time. and there wasn't there and there was no social contract. that's maternity maternity is a social contract. ok. and that's the deal. and so if, if you, if the state doesn't deliver on the good to the promises, then you have a lot more tension. and i would argue that inequality makes people more dependent on the vote because they feel that's the only thing they have to an ac social saying democracy is going to make us all rich. no, i'm actually i will make

a counter argument do that, but i'm just, i'm just echoing with the leads are having to say they're saying that solution. i'm not saying that is the solution. it might be a solution, in my opinion, i'm not going to die on that hill. well, i with all due respect, i don't think relying on government is the best solution. ok, well we look at the met friends, i'm an american all you as a matter, if you look at the american post office, my goodness, american railroads, these are all owned by the government. one peter hopeless uses, you know, if you want the government to run everything, it's not in america experience. the more the government does, the less good. yes, you can also say that the, the commanding heights that are in private hands certainly get concierge service from the state. and i think that that is, that's again, problematic here. when you,

big to fail is a great position to be in. ok when you are a small entrepreneur, a mid sized business, that's what made me really angry about the shut down. because the amazon's and the google's and the facebook, they're all protected here. when you were looking at people don't look to the government. and then being told that you can't make a livelihood. that is very damaging, because it is outrageous and the job can be worse than that disease. and in america, if you get your advice from the american government, you're going to go, bro, i mean, you're going to be an american government for my investment advisor or any advice because i know that this not just a man. i think most government. yeah. because as he said, i mean, i'm trying to be neutral here. i think most governments reacted very badly, but none of them are prepared for it. and that i think that is a mistake, because people have forgotten. we've had pandemic all through human history and forgetting that it can. sibley happened here and being prepared should have been

part of their remit. and they worked in some government were far worse prepared than other peters. you know, we've had many pandemic. never before. did they close mcdonald's? we'd never before never did. what's the difference? is they never warranty healthy. that's the 1st time in history, quarantining the healthy instead of warranty. never in no, no panoramic in history, did they close mcdonalds airlines, etc, etc. a cure can be worse than it is. it is, and i'm sure we're going to find in a few years. this was a terrible disaster by the government, by most government argument. if quickly go to a break here in one minute here. what was, you know, you were living in singapore, what was the experience of the locked down there and how the government dealt with it? singapore was doing great and then they locked down and things got worse. no, literally we see a lot of foreign workers for us is they've put them all in big dormitories,

locked them down. well, of course they got infected each other and they were allow locked in a room, $300000.00 workers locked in dorm yourself. now i was not, i'm not one of those workers. i wish i know i don't have a job. but and things got worse in the singapore before people were out about in the sun, on the equator and the sun is good for the virus. locked everybody up. we had worse so much. don't know what they're doing, even singapore. so you must be happy to be here in russia. we see people not wearing math. well i like russia and so i'm happy to be ok on that. no, we're going to go to a short break, and after that short break, we'll continue our discussion with jim rogers on the global economy, say, with our team, i was driven by a dreamer shaped by those with this in

me. i think we dare to ask me ah, which phoenix has actually got an uncovered face, men's clothing and shoulder stuck. it's a kind of gun feminism. its name is how camino i bought it up, put a human someone with a whole lot of us. it was a lot of up on the job, but you don't want me. she lives in one of the most dangerous and patriarchal

provinces of afghanistan cost when she was time, i thought, sure, no, i shall do that. yes, that updated literature. i'm glad that i've got enough that she does her best to fight for women's rights. i am not able to get that done. as you know, what i do know that she's known him by her nickname, king. that there was a guy reco. much other that was really a good one day. i me one, make notes, borders and the blind to number please. as

emerge. we don't have authority. we go to the back seen the whole world needs to take action and be ready. people just come in crisis. we can do better, we should be better. everyone is contributing each of their own way. but we also know that this crisis will not go on forever. the challenges to response has been massive. so many good people are helping us. it makes it feel very proud that we need together in ah, welcome back to the art the interview on peter labelle. i have the privilege to be interviewing him. roger's international investor and author it let's kind of spread

it out from the 1st part of the program here. give me some advice. ok. as the financial advice advice i can go to the bank on ok because i want it to be really good. globally, what are the sectors the got hit the hardest during this experience and the ones that profited from an online people obviously did well. well, i have learned in my invest in korea that it when there was a disaster, there's also an opportunity travel tourism airlines, transportation destroy the airport singapore close. so i find, i hope i found opportunities in travel tourism, you know, things like that. the actual coach is a disaster. i also, i think i've found opportunities in agriculture. i'm a director of a company called tacro. it's moving because agriculture is coming back. also has

the advantage that is cadmium re new tad. it's heavy metals. well, most of our lives as heavy metal whatever reason why cycle has no heavy metal. so it's kinda natural advantage. so agriculture is doing well tourism travel. chinese . why? and i bought a chinese wine company that's new to me. good. that's why people didn't go to the bars, they don't go to the residence, but now they're going back. those things they got hurt. in my view, that's where i am looking for and finding advantage in the 1st part of the program, we talked about this injection of enormous funds cash into the economy. here is a smart money taking that and putting it into hard assets, like you said in agriculture. well, it seems to be agriculture is ultimately always has been because god isn't making any more real estate. right? well, if those inflation, the price of things, food, rice,

potatoes, cotton, the price of thing is go higher and as commodities and commodities have been bad for a long time and made it worth money printing. so i don't know if i know what i'm doing, but i've certainly buying, i think you too hard. i said, you know, one of the prickly points that we see in the, in the global economy, silver, the silver. thank you. thank you. that's not a russian silver. you read russian. yes, i can. ok. yes. this is russian. yeah, 1014. okay. don't spit it all in the same place. okay. normal market activities is interrupted by something that irritates a lot of people, and it is called sanctions here. how decide interrupt commodity prices,

trade trading patterns here because it seems to me, unfortunately, that we see some countries using sanctions as a political tool to actually damaging economies for political reasons here and, and basically, you know, asia as well as anyone you see the world being bifurcated, i mean turning, you know, you really kind of dividing the, the global economy and how well to question. but 1st of all, the sanctions have rarely worked rarely work except maybe a week, maybe a month. when the world always figures a way to get around the sanctions. whether it's like whatever it is that's was sanctioned. i don't work. politicians get publicity and they say see, i am saving the world ha, they're saving themselves and they're making friends. rich, their friends get around the sanction, so sanctioned, don't work, are not good. and i can think of no. busy cases in history where sanctions have

been success, maybe there is one, but i don't know, but i agree with you with a big it's use of being used as a political tool more and more often. so i'm actually mystified why, where there is no real empirical evidence of where they're effective, but they seem to be applied more more frequently. is it because it's because it's a lack of a political imagination the they, it's short term because i think in many times a bit for it to showing people we have done something. it's much more theater. tissues are not smart people, you know, american studies show that the people who are successful in politics are the people who are good at playground. in schools, in the playground, they were very, very popular. everybody loved them, but they didn't know what they were doing. good play. so that's what, that's american politicians. these people are not smart people. i think sometimes

they go into politics because they can't do anything. that's where they can go to job. can't get a real job going from sanctions. it's going to another important point that i think is something that is very, very dangerous. here we see the politicization of the american dollar. this is called the tail of sanctions here. so i can answer that question. people will go into different currencies to get done. what they want to do, it does it that the dollar is supposed to be a currency in and of itself is a, a medium of exchange, but it's being politicized. isn't that damaging the dollar heater? no currency has been the number one currency for more than 100 years in his we've had lots up but not, and the dollar is coming to an in many people are trying to find a competitor to the us. let us open it womb. yes. i mean, you, us, senate know a medium moving exchange is supposed to be neutral, but if washing and you're saying where you, thanks and you cannot use the u. s. dollar, what?

so people, so when the weight of it, that's not the way it's supposed to work. so now they're looking, we're competing current is china, russia, india, and all these countries are saying we got to find something else. so the u. s. is our, is coming towards the end. that isn't, i mean, not only, i mean, but that's dangerous because there's a lot of doctors floating around in the world. if people stop using that, those dollars, those dollars go home, isn't that dangerous here? and that's always happened. the pounds sterling stopped the spanish money used to be the number one. the dutch mother used to be number one, the french used to be they all ended with france is still there. england is still there. america will still still be there, but the currency will not be what it is now. is that a good thing to have competing currencies? would you? what would you like to do? that certainly is, i'd rather be able to use anything i want rather than the government that you must use is no, had you, let's say,

with the tail end of the pandemic here. what are the, what are the most important trends that you see? i mean, is it more self reliance? is it looking at different kind of trade patterns? i mean, what is the lesson to be learned? i mean, we could use the american one is that maybe you should have like masks and p, p on, on hand. maybe that wouldn't be a bad idea. you know, what i'm saying is that, you mean, you know, these, these chain when trade trading, exchange, or patterns of people have, is that we found out in the united states that antibiotics were almost all produced in china. mean does, does particularly the u. s. government have the horse sense to say, we have to have these kind of industries here because you're a big proponent to private industry. ok. i mean, and i think this is where the tension is because private industry isn't always looking out for the best. the best condition for consumers are there to make money

here. that is, that's, that came in, glaring, became obviously a very defective the american economy. well, to do it. another approach to that asia has done a less bad job, but that's because they had the sorrows up at the make and they learn, learn, learn something, learn, he didn't just say are they learn, they were better prepared than the u. s. was i mean, i don't like saying this, i'm an american. what is very clear. mr. trump didn't even have cast. you couldn't know if had the virus and there were no tests. so asia was better prepared. they say because of experience. and for whatever reason, they have done a much, much better job. i think we've seen this big growing controversy in the united states with the origins of the virus and it's being turned into a political football. i think you and i and our audience wants to know how this all

started. i think that's a fair thing to ask. what do you think? because it's being politicized, is that there isn't going to be a serious global initiative to deal with the next and demick because i think that's all things being equal. that should be something we should also be thinking about. but considering how it's being politicized here, it seems to me that this would be a missed opportunity. i would love for the world to be better prepared next time we've been having up a demo for a long time. you know, in 2009 there was a huge damage in the us. the, the bird flew didn't help us. we didn't get better prepared. asia did have the problem in sorrow than 2000 to 3 and they were better prepared. i hope. i hope that we learn from this, but, you know, peter and the main lesson of history is, people do not learn the lessons of history. you know, you can say, here it is in history. who cares?

its own trauma says he's smarter than history. the unfortunate thing is that it's all political expediency in the moments and to get through the news cycle and, and not learn from the house. i think that is very tragic mostly and i think you're the way we started this interview here is going to be years from now to like to really understand the, the, the total impact that this has had. and i hope in the meantime, some lessons are going to be learn because it seems to be the love because when i see the tension is growing between russia, i'm sorry, china in the united states. i don't think there's going to be really that kind of conversation. it could be the beginning of a conversation for relations, but i don't see that happening right now. unfortunately, throughout history, when things go wrong, people blame the farmers. it's easier to blame the different scan, different language, different food. it's easier to blame the far than politicians all over the world

throughout history. do you think that the there is the last question here, american industry, that the titans of industry, that they will learn from this about being more prepared because it's, if you're, if you're more interested in easy money, you're not going to be thinking about that. you know what i'm getting at? i mean, if you get people have made a lot of money and china, a lot of money here, and there's very has it. i'm not interested in punitive action. i'm interested in understanding what happened to avoid the next one. last answer, i hope we can learn what happened, but again, throughout history, you remember the spanish flu? hundreds, not literally, but i know a lot of directly the spanish flu started in kansas can started in the mid west. right? no matter what america good. p r. they said the spanish flu. yeah. well, they were going to be called big news very telling the real origins of that. and it was like 55000000 people die. and i think a lot, i don't know,

i wasn't there. i ended up on a very pessimistic, know we ended up on the spanish flo is we were talking about cobra here. jim rogers, thank you very much for talking to our, to my, your leisure. you again soon. the need to make 2. ah, ah, i this is your media a reflection of reality in a world transformed what will make you feel safer? tyson lation, whole community. you going the right way? where are you being somewhere? which direction? what is true? what is faith?

in the world corrupted, you need to defend the join us in the depths will remain in the shallows. ah, in me, one of the worst in mass shootings in america was in las vegas in 2017. the tragedy a close a little of the real last vegas, where many say elected officials are controlled by christina learners. the dangerous shooting revealed what the l v m p d really is. and now it's part of the spin machine to the american public barely remember that it happened just shows you the power of money and las vegas. the powerful showed that true colors when the pen demik hit the most contagious contagion that we've seen in decades. and then you have a mayor who doesn't care. so here's caroline goodman,

offering the lives of the vegas residence to be the control group, to the shiny facades conceal a deep indifference to the people who might have been saved if they were to take an action. absolutely, keep the registering and keep the slot machines doing. this is a money machine is a huge cash register that is ran by people who don't care about people's lives being lost. ah ah ah join me every 1st day on the alec simon show and i'll be speaking to guess in the world, the politic sport business i'm show business. i'll see you then. me

the where the 1st us rushes summit of the by the ministration looming, the u. s president calls that even put in an autocrat, perhaps setting the tone for the upcoming face to face the celebration in israel, mixed with doubts about the durability of the countries. new coalition government, which ended benjamin netanyahu. the 12 year rule joe biden promises half a 1000000 doses of cobra. jad support nations, but it seems not for everyone. we look at how washington supposedly left behind.