The view on America after 60 years abroad | Jim Rogers
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- Опубликовано: 31 май 2024
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Meet Jim Rogers, a legendary American investor with an estimated net worth of 300 million dollars. Jim retired from trading at 38 and took a motorcycle trip around the world. For the last 17 years, he has been residing in Singapore. Jim Rogers shared why it’s not easy for him to give up American citizenship, his feelings upon returning to the US, and why a true American patriot should move to another country. Enjoy!
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WATCH NEXT:
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► How I view the US after 34 years living abroad: • How I view the US afte...
TIMESTAMPS:
00:00 INTRO
00:34 Should you choose a country to live in?
01:13 Why it's hard to get American citizenship
01:46 What true patriotism is
03:28 A new perspective on the US
06:15 Feelings toward any country
07:08 The future of the US
07:59 The main challenges of Singapore
09:53 Competitors of Singapore
11:26 Expectations vs. reality (countries)
12:50 The next China
13:21 Where to live if not in Singapore
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More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
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How can I reach this person?
‘’Colleen Rose Mccaffery’ maintains an online presence. Just make a simple search for her name online.
I checked Colleen up out of curiosity and i must say i am impressed by her Credentials. i emailed her already, waiting on her response.
When he was in India recently he was singing its praises. His thoughts and views are still stuck in the 80's.
Totally agree, he's been calling for a market crash every day of the year for the last 13 years ......
P popq 0:51
I love listening to Jim, he is a good man and a wide man!!
Max is more local who takes off his shoes than Jim who wears shoes inside his own house…..😂😂😂
Max is lives in Singapore but he's russian, for us it's impossible to wear shoes in an apartment 🤣
Jim is a legend ) thanks for the video
What I learnt from this video: rich people do not know any more about the world than the rest of us. His analysis was extremely shallow.
He's retired
He was a good investor a very long time ago. If you have taken his advices over the last decade, you would have miss out on many money making opportunities and probably lose money too. He is always very pessimist and his view is everything is overvalued without considering the growth and innovations. I can't see people stop using USD, technologies and financial services from America in the next 20 years.
Jim has a vast range of views on America and the world. As time progresses, hopefully, we will focus more on our similarities instead of trying to divide with our differences; maybe one day, passport will be a relict. After all, we are all just children of earth.
Too idealistic. Even if climate change is threatening our existence, none of the superpower has the wisdom to lead and then to say, let's all work together. Instead, today we are looking at endless propaganda seeking to divide the world into democracy and autocracy.
Yes, Jimmy is accurate when he mentioned the possible competitors of Singapore :)
People have their own opinions. Some different, some similar. Each country has their own issues. What he said was his own opinion. Time changes, country and people may have to change with the times or try adapt to its changes.
This guy Jim Rogers says a lot but he actually says nothing much 😂
Sure Singapore has a lot of internal debts because of our CPF saving and HDB housing mortgages but that’s nothing to worry ….Singapore will go on forever as LKY said “Singapore will survive “ …yes we will…
As a Brit who has just moved back to the UK to retire after 12 years living in the Midwest I can tell you that there are 2 'USAs'. One is that inhabited by the decent, altruistic, traditional Americans, & I include military personnel in that & the second is that occupied by the majority of the elite establishment who may put their hand on their heart during the the National Anthem but there is just a space where their American heart used to be. I make a point twice a year of visiting Newington Green in London where I can walk in the footsteps of Benjamin Franklin, Thomas Jefferson, Thomas Paine & John Adams. Each time I conduct this pilgrimage I feel illuminated. Sadly for the USA the illuminations are going out in the USA, but rest assured it is temporary.
Jim Rogers was very kind to me in asking a thougtful rhetorical question about an possible investment in November 2007. He saved me a lot of money.
Max, your next 'target' to interview should be a DJ celebrity of Gold 905 namely Mike Kassem (an American expat) son of the late Casey Kassem, who was a DJ in the US way back then
in the 60s.
he is really getting older, but still very sharp
Patriotism and nationalism are two of the most dangerous tools crafted by ambitious politicians
I expect billionaires are treated well wherever they live.
This is the same guy who moved himself and his family to Hong Kong, because that’s where the future was….yeah right.
This is the same guy who in 2012 said, 'stock brokers will be driving taxis and the smart ones will learn to drive tractors so they can work for the smart farmers. The farmers are going to be driving Lamborghinis'…From what I can see, farmers are out in their tractors demonstrating at not being able to make a living.
You are right about the wrong prediction of the prospects of farmers but are dead wrong about HK.HK"s future is even brighter now as it is no longer the base for western spies to create chaos there and in China.
Ironically Lamborghini makes tractors too. I have a friend who is a farmer who jokes about driving a Lambo
Part of red China.
Also the same guy who's made s few hundred millions of dollars by analyzing the market correctly at least several hundred times
Lamborghini saw the opportunity and bought tractors. haha!
A lot of Singapore debt is in the form of foreign high net worth individuals who have invested in Singapore. It is one of the ways it attracts the UHN individuals - more importantly it has many different nationals residing here, in order to maintain relations with their home countries. Strategic?
I read that SG debts are used in investments so even though we borrow $, we borrow to earn something in return. 🤷🏽♂️
Singapore National debt is high because govt is keeping our money in CPF, so govt owed us. We have to pay for our HDB mortgages, so we have debts owed to HDB …that’s a lot of debts there both ways. What’s assuring is that our reserves is more than 1 trillion backed by real gold…and besides we have a very efficient and prudent government, so nothing to worry about….
Not only Singapore, most nations borrowed to boost their inner economy, often and mainly for transportation infrastructures. It changes with time and necessity.
Debts for a nation is healthy as long as it help it grow its GDP and obviously keep the GDP higher than the payments and interests.
In short, as long as the debt do really benefit the economy, the country's notation stabilize or raise and pay less interest.
A country's debt should never be taken isolated to explain or tell about economic situation.
let me guess - that video was recommended to you on youtube hours ago? lol it appeared on my feed too
Further , you mark it here within 20 years , there is high possibility that there will be war between China and USA. Singapore is so much dependent on Chinese investment although it is an American ally. To be honest, Asia will be much dangerous place in future if China continues to grow as US will never allow another number one . USSR war ended up in Cold War because it economically collapsed and did not become number one economic power. Look at how North stream pipelines went in to complete destruction because a German and Russia future collaboration means it’s a threat to USA . So the whole Ukraine war , Ukraine is just a proxy state . The US and EU created Israel to destabilize Middle East and control Arab rise like the past Umayyad or Abbasid .
If China continues to grow , means there will be further instability in Asia, so Asia will be the most dangerous place for future ( if China grows and overtake USA ). Australia , Taiwan and Philippines will be new Ukraines.
USA is a country that believes in hegemony! So, they will do anything to survive!
Love listening to Jim Roger’s - a very decent man - his family is lucky to have him
Given Jim Roger's intelligence as well as his breadth and depth of knowledge, I'm surprised that he doesn't seem to be aware that Singapore's supposed high indebtedness is purely a result of gross debts being reported, while in practically all other countries the debt levels are net debts.
''When everyone buys low and sells high, one must buy high and sell low'' The Art of Trading , Panos 2024
If he gave up US citizenship and became a Chinese citizen, I may believe him.
That would be crazy.
@george6977 Chinese wouldn't allow it. They don't need any more citizens, and the Chinese prefer "ethnic" people.
What a ridiculous comment. Absolutely unproductive whatsoever.
Honestly from my experience there is nothing right or wrong in human emotions whether thats love for ones ancestral place or love for ones own people , culture , language and also lack pf those.
Every of those emotions will still be good if there has been a reason behind those. One cannot just love ones country because one was told to love like that, it does not work like that except for fools and scoundrels, people has to feel that ,there has to be an urge and honestly why do people feel such an urge if at all, well in my case and i am sure in most if not all other cases its te history behind that.
For example in my case my love for my place comes from my experience of the feeling of loss i had felt because my mother tongue was unde threat of being overrun by other languages and we had actually faced some practica problems which arose from such a situation.
However the situation improved with formation of Bangladesh as a separate country and so my urge for protecting my place had diminished considerably.
I am sure it is similar for all others.
Singapore has a very high cost of living.
🎉🎉🎉
Agent Orange in Greece and vietnam make me sentimental
With regards to the topic on SG debt, coincidentally on the same day as Max Chernov, another RUclips channel known as Behind Asia explained that while SG's gross debt to GDP is 167% which is even higher than USA's 123%, SG has zero net debt bcos SG has a strong balance sheet with assets in excess of liabilities. Furthermore, unlike the USA which incurs debt to finance budget deficits, SG borrows mainly for infrastructure projects which can potentially yield returns over the long term.
why usa hard to give up the govt will not let u as they hv less taxes to collect
Yes, The U.S is the only country where they would rob you on your way out if you forfeit your citizenship.
In true American fashion his shoes are still on, even when his house 😂
The country he knew doesn’t exist anymore.
People can't fault Jim for his own views. Your views will be as shallow as the waters of Singapore too with your lens.
Singapore has "Marcos Gokd Asset"
the sg debts are all into Infurstructer building for future good of the nation
Yeah...Yeah...Look old man if you wanna leave America...GO!! Not me! I'm staying put....The state where I live Iam well liked.
he has been wrong so many times that even Wallstreet doesn't regard his words anymore. Don't understand why'd you even bother to interview him just because he has money. Plenty of other rich and wealthy famous people in Singapore for you to pick from so that your viewers can actually learn from a role model instead of a one trick pony.
Lmao.. why shouldnt he interview him?? Yes i agree Jim is mostly wrong on his views.. but well, u gotten interview the right and wrong! Let viewers decide what they wanna watch! Go figure!
Because this Max guy is a Russian propagandist.
This Max guy is a Russian shill that’s why
Sheeesh, you really don’t need to watch the channel if you have such feelings about the man or his show. I’m not Russian, by the way… just saying that RUclips has millions of channels u could switch to. 😂 So just chill, man.
@@kenzone haha as U know.. typical Singaporeans.. only wanna watch the "right" stuff.. unable to take criticism and always seeking superiority over others..
Professor doom he does not answer anything directly . Although I respect his ability to keep relevant something we can all learn
Sooo, at the moment of stop being privileged in your country, you should go to be privileged in other one? Basically, he is said that you should go to outher country and do a modern colonization. And that is provoking the destruction of other economies. If you move, try to be a citizent and contribute to the country you live in, buy in the local markets and pay your taxes. Yes, US is not in a good moment, but do not change other people way of living at the moment of moving there. I have experienced a lot of things from americans moving to Colombia, Mexico or Costa Rica, everything gets more expensive to the locals and almost impossible to pay, also, americans try to change traditions in those places bc they found the music, the people or even the smallest thing annoying. Remember, if you move try to be a resident, a your taxes and be kind. People are strugguling and is their original country. Be responsible, be open minded and be aware that their traditions are more important than the privilege. The economic factor is only a side of this problem, we need to open our eyes to this. Traditions should remain untouched. Do not try to live in luxury or privileged in other country when you're helping the big companies to move forcibly the locals bc they can't pay what they ask, bc suddenly the demand of americans/europeans/etc are moving there. Be aware, respect and responsible.
If the 🇺🇸 is going down as he predict Singapore will be go down quickly too then jim is out of place to run away to.
But US has All countries have debts & they have Assets . US has a bigbassetsvemore than enough to cover the debts
Funny how people feel offended by Jim, left and right. Just because he doesn't praise your country? Exactly what he mentioned in the beginning of the interview. A feeling lacking in intellect.
He is not 60 years abroad, he has been travelling and living for 60 years outside the us. You are misleading people.
1st
2nd
Lots of brokie basement debt dwellers here just trolling Jim and his opinions, everyone is an expert these days ...you have to laf 😮😂😂😂
America is on a death spiral.....with the emergent of the multipolar world, countries have choices and cannot be bullied anymore.
Every 4-8years is the next president problem
@@Lucas-wn5wmhaha, trump may not let go this next time. Laws can be changed easily
No improvement expected. Countries will have a choice of bullies, like they did prior to the early 20th c
Yup
American citizens do not need to pay Additional Buyers Stamp Duties for properties in SG due to the Free Trade Agreement between SG and USA.
Furthermore, Asia does not have NATO. A day may arrive in the not-too-distant future when the USA declines to such an extent that she is no longer strong enough to maintain a balance of power in Asia Pacific. And SG may become the next Armenia who is now very vulnerable with Azerbaijan seemingly waiting to pounce
And so by not giving up American citizenship, at least he can still return to the USA easily in the event such a scenario happens. Surely the USA will evacuate her citizens from conflict zones just like what she did in Sudan and Afghanistan in the past few years
Singapore doesn’t really have any natural enemies and spends more on the military then their neighbours, while I see your point I doubt that it would be another Azerbaijan
Talks a lot not saying much 😊
You drank the kool-aid lol
I saw a lot of jealousy in the comments below
"He can vote against the US government because they make mistakes" - but whichever party is in charge - there is no change!
So much for do called democracy 😂
Triple citizen and laughing all the way to the grave.
the next evil country ?
This guy cannot be trusted.
Rogers is a total fraud. Fact. I exposed him and his scams years ago.
Aahahahhaha, this guy is a clown 🤡🤡🤡
Max Chernov is from Singapore ?? He doesn't seem to speak with a Singaporean accent or look like a Singaporean .
He's a russian.Have been living here for 5 years.
LOL, why leave USA? I don't understand. USA is the most powerful nation in the world. USA call the shots. I wouldn't give up USA citizenship if I have one LOL.
Look at the homeless people. Powerful?😅
to be fair if I had 300 million I would rather go to singapore then stay in the US. I have seen multi-billionaires walking around Singapore with zero security in flip flops
🤣🤣