ah, the, the, the, the the no stability or predictability from america and let me put in regrets, the state of the relationship with the u. s. in an interview with n b, c. his 1st summit with president by that is how stability is achieved. it cannot be achieved by imposing one particular points of view. the correct point of view by an in turn cause a put in a worthy adversary, yet avoids giving a direct answer as to whether he still thinks is a killer. and joe biden promises half a 1000000000 doses of covert jabs for poor nations, but it seems that they won't be available for everybody. those are your headlines

this our morning coming away in about an hour's time. this is archie international and we're glad you speak with ah hello and welcome to the rti interview. i am peter bell. 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 get to watch it's interview. the world level 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 outcomes. so we were to as an aggregate, putting it together. where is the global economy going? is you see

a meaningful growth and if it is what kind of growth are we seeing stagnation, the global economy stalling, which if we could get the most accurate aggregate picture, what it would be, but 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, it's better 10 flights. 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 page, because, you know, there's a huge, huge debate about inflation, what kind of inflation we have, is it leading to hyper inflation?

because it begs issues of inequality in that could be in another one of these outcomes. in the wake of this, we are all this money printing is already leading to inflation. i mean, go to the shop. you don't shop your butler, those your shop. you don't know what we know, the price isn't going to teacher the cable. we know the prices are going up, and that's going to get worse because always money put some economists say, and because the economy was shut down, the global economy, which 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. everyone knows inflation is the cruelest tax on working people. how do you react to that here? because it is, it, is it, it's something that we've already should expect and just expect for it to dissipate,

or is it going to be compounded 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, there'll be a reaction somewhere along a lot of correction. but then governments are going to print more money and they're going to get worse. you should just go home right now and buy some rice and put it in the front. okay, we'll see. you jumped ahead to me for the 2nd part of the program about what you should be investing your assets and 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 similar to this here to, you know,

throwing money is going to solve everything. well, you know, you and i know in our life, very rarely, 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, the, the, the, there is the argument. well 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 than disease. and it seems to me that in the us, since we're talking about the cures, worse than it is. now if you got the highest number of cases, the highest number of the everything, everything you know, why do you think that is? well, america is not prepared. mr. trump, you know, mr. trump had too much noticed. he didn't even have test. you couldn't even get

tested to see if you had the virus because he was know if you were 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 how and a handle, if you look at russia, i handle it most comprehensive 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 if you ask me and we will know in a few years, but the closing them 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. they'll never come back or you're an international theory or an author like you to dabble a little bit in politic. 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 that well, you have something to talk about. yeah. you have a 1000000 for the entire time. yeah. and 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. brittany tina's briefing is very good to you. you have job security that somebody has to tell. nobody has to tell the bad news yet. somebody said, tell us how bad it is. but seriously here, i mean, when we, we, i see a whole lot of overreach when there is overreach, government 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 quality. we've always had any quality. if you go back to japan 300 years ago, or china 500 years or in the, oh my god, you 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 really. i would quibble with all of those examples that they would, they weren't in democratic environment and we're told that everyone has a voice. ok 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 attention. 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 an 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 a 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 when we look at the met, i'm an american 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. now if you want a government to run everything, it's not in america experience, the more the government does less goods. and you can also say that the, the commanding heights that are in private hands certainly get come to the air 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 in the google's and the facebook, they're all protected here. when we're 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 the disease. and in america, peter, if you get your advice from the american government, you're going to go, bro, i mean, you're going to be before you're going to be struggling. i do not rely on the american government for my investment advisor or any advice because i know that this not just me. 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 possibly happen here. and being prepared should have been part of their remit, and they worked in some governments were far worse prepared than other opinions. you know, we've had many pandemic. never before. did they close mcdonalds? we 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. no, no, no, no panoramic in history. did they close mcdonalds airlines, 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 or jim, me to 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, singapore has a lot of foreign workers for us. they 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 workers, lock and dorm yourself. now i was not, i'm 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. like everybody up. we had worse . servers don't know what they're doing, even singapore, so you must be happy to be here in russia. we use the 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, oh,

i use me. make notes just, you know, borders and the blind number please. as we don't have authority, we don't actually the whole world needs to take action and be ready. not a joke. people are judge governors crisis, we can do better, we should be better. everyone is contributing each in their own way. but we also know that this crisis will not go on forever. the challenge is paid for the response has been massive. so many good people are helping us. it makes it feel very proud that we need together

oh, when i would say wrong when i just don't rule out. this thing becomes the aptitude and engagement equals the trail. when so many find themselves, well, the part we choose to look for common ground in my financial 2, i will get a little money laundering person to ask you to see this. and this is a good start. well, we have our 3 banks all set up here. maybe something in europe, something in america, something overseas, in the cayman islands, you never know, probably banks are complicit in their club piper. so we just have to give me a call. hey, i'm ready to do some serious money laundry. ok,

let's see how we did. well, we've got a nice luxury watch for max and for stacy. oh, beautiful jewelry. and how about like the automobile again for mag, you know, money laundering is highly legal. don't watch the record. 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 is when those a disaster,

there's also an opportunity travel, tourism airlines, transportation destroy the airport in singapore close. so i fine, 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 foss agro. it's moving because agriculture is coming back. also has the advantage that is cadmium free. you know, it's heavy metals, most of our lives as heavy metal whatever reason why cycle has no heavy metals. so it's got a 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, you know,

things they got heard 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 use that 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 either hard asset, 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 1014. okay. don't spin it all the same place. ok. it's good politics. now the normal market activities is interrupted by something that irritates a lot of people and it is called sanctions here. how decide in europe, 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 damage economies for political reasons here and, and basically, you know, asia as well as anyone. you see the world being bifurcated, i mean, turn it, you know, you really kind of dividing the,

the global economy and how well to question. but 1st was sanctions have rarely worked from rarely work except maybe a week, maybe a month. but 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, 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. but the big 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 where it is showing people, we have done something. it's much more theater. you know how it is or not smart people, you know, american studies show that people who are successful at policy, 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. it 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, but 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? here? no currency has been the number one currency for more than 100 years in his we've had lots of, but none, and the dollar is coming to an in many people are trying to find a competitor to the us. let us self inflicted wounds. yes. i mean, you yes, senate no, a medium moving exchange is supposed to be neutral. but if washing and you're saying read today, 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. i mean, 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 danger? 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 it, they all ended francis still england is still layer. 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, hadn't you 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 change rate trading exchange or patterns that 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 is and 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, they learn something, hey, learned, he didn't just say 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 you 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 volume in the us. 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? mr. trump says he's smarter than history. the unfortunate thing is that it's all political expediency in the moment 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 are. and the way we started this interview here is going to be years from now to like to really understand 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 new. 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 in 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 really 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 get, you know, we're going to be called big news very, telling the real origins of that. and it was like 55000000 people die. and i think, 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 you later. you again soon the made to me to ah, ah,

ah, i me i lose join me every thursday on the alex salmon show. when i was speaking to guess in the world, the politic sport business. i'm show business. i'll see you then. me

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