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A Bull in China - Jim Rogers on U-Tube
Post 12 of 14
Quoting from [Street Smart]:
When doing investment and business, always ask for the expected returns, the Price and Earning Ratio. For most Chinese stocks, there is growth and profit margins in the double digits, same as in India.



Watch the video, and you will find questions like the government, the political environment and the risks involved in the investment portfolio. Jim Rogers is an expert in the Commodities market, and he puts his money where his mouth is, Jim has moved his assets to Singapore, where he can trade in the China market from here. His family has moved with him into an environment which the children can learn Chinese language, in a community that speaks English in the mainstream, Chinese and Bahasa and Tamil.



Our currency is safe, with a large amount of reserves, we are not the cheapest place to live in, but concerning commercial and environmental safety, we are at the top, concerning efficient and clean Government, we are also on the top. Our banks are safe, closely watched by the Monetary Authority of Singapore (MAS) and the system has high rating of integrity. The Singapore dollar is stable, and the Government has good political and economical prudence.



Street
I've heard that banks like to do business in Singapore because (among other reasons) it's so easy for them to find trustworthy employees. That surprises me a little, because of the diverse cultural background of Singaporeans. Do you know the reason for this?
02 Aug 2008 11:21
Post 13 of 14
Quoting from [germex]:


I've heard that banks like to do business in Singapore because (among other reasons) it's so easy for them to find trustworthy employees. That surprises me a little, because of the diverse cultural background of Singaporeans. Do you know the reason for this?


There is no secret, on the contrary, the system is transparent and the account books are open.


Singapore started her independence from the British colonial masters in the 1960's and a brilliant young law graduate with Queen's Scholarship from Cambridge University was campaigning near my home, which I was born and raised to my teens was campaigning in a rally at an open park. I heard his speech, and saw his charisma as the making of a great leader. He is Mr. Lee Kuan Yew, a multi-linguist, he spoke three languages, English, Mandarin, and Malay.


He was elected to be the CEO of the State, the Prime Minister and with the team of Ministers, steered this small island state into economical prosperity. Come this August 9, we will be celebrating our Independence day at the Marina Bay. This political party has ever since been the ruling party, with a record that is unsurpassed by any country in the region, and in most developing countries.


I will get some links and make up to you for reference.


Street

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02 Aug 2008 18:58
Post 14 of 14

The world is watching on how the US can recover from the crisis, now that the rescue package is approved, the Bill is passed.


My heartiest empathy goes to the American people, their children and the next generation, they will be facing a period of debts that they future has been mortgaged by the previous Administration.


The healing process is long and enduring, also very delicately executed by the Obama administration, barely one month in office. It can easily be upset by some radicals or ill-motivated people who would love to see the destruction of the American economic power and equal military power.


The rescue plan crosses all borders of political parties, racial or religious, it has only to do with nationalism, the pride of the flying eagle, the United States of America.


I told a story about politician using situations for political leverage, or blackmail.


"Once upon a time, in the heart of the most powerful nation on the Earth, there was a deep hole, about 6 meter deep and 1 meter wide diameter.


There was a blind African-American man who used to walk the same path almost every day for the past eight years. The children were playing in a nearby park, and one ten year old child, saw the ball rolling under the tape barricading the hole. He removed the tape to retrieve the ball and did not place it back.


Will Smith, the blind man walks and fell right into the crater and broke his legs. He sat in the hole and screamed for help.


Along the way, people were rushing by to their office, with the traffic noise drowning the shout for help. Help ! Help ! will someone help me please !

Then a racist came near the crater and saw him. He is a black man, so walked away, because his brother was shot by a black man in a robbery years ago.

Then came a priest, saw him and said "god's judgement is upon you, you deserve what's coming." and walked away.

And after an hour past, a man with dark suit and tie, came near the hold, he asked "Are you Democrat or Republican?" . Will Smith answered, "sir, please help me, never mind about the political parties, I am in pain." The politician retorted "If you do not answer, then I am going to leave you there...and " before he could finished the sentence, Smith quickly answered "Democrat" , and he did not get any more question, the man left.


Finally a good Samaritan came with a ladder, lowered into the hole, picked Smith up on his shoulder, and rescued him to a waiting ambulance.


To the politician, who did not help him immediately, but was going to the phone to call the Civil Defense Rescue Team, he did not realise that their party has dug the hole in the first place, and he walked away, putting aside humanity and the love for his countrymen.


Note: This is ficticious story, no intended critics about the political parties.


Deepak
15 Feb 2009 03:42
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