Jim Rogers Interviews Marc Faber

For the latest Jim Rogers, go to JimRogersBlog.com – Here is a rare video of Jim Rogers and Marc Faber together. You may not understand the introduction to the video, but the bulk of it is in English. From the perspective across the Atlantic, is this new plan going to work? 25 countries, which are very different are all coming together. The hope is that this will bring centuries of peace. Bringing in 9 new languages and people with no infrastructure seems like a stretch to say that this will help the EU. In the US, people don’t understand history or anything that happens outside of their country. This is the first time that so many countries have come together to form an empire on a voluntary basis. People are worried that jobs will go to Eastern Europe. But that is better than allowing them to go to Asia, where they would go otherwise. This will definitely work. However, there are large price differences between the various countries. There are also different tax codes for each country. This will be a challenge, however, different tax codes should allow for a bit of competition between countries. GE bought a light bulb factory in Hungary. That factory was making light bulbs for 100 years, but GE couldn’t get any profits out of that old communist factory. So productivity will be a challenge. 14 years is a long time to invest somewhere in order to turn a profit, so there is a question about whether this will be worth it for companies like GE or Unilever to invest. When …