Jim Rogers advises young Brits to leave the country! Now!

bubblesmoney

exil wrote: »

Japan has been in a slump for the last 8 years. Interest rates are 0%. They have no oil coal or other energy sources.

China is overpopulated and has had billions of pounds poured into it mainly to build empty office blocks

India is booming but wages are a fraction of what they are here. Fancy doing your present job for £100 a month?

Africa is a disaster area. Latin America ditto. The US has the same debt problems as the UK. Europe has a gigantic future pensions crisis.

The moon anyone?

not all developing countries payscales are poor. they might be poor generally but there will be good openings as well. payscale needs to be balanced against living costs.

see links

http://en.wikipedia.org/wiki/Indian_School_of_Business

http://www.isb.edu/isb/index.shtml

http://www.ft.com/cms/s/0/1913679e-cd36-11dc-9b2b-000077b07658.html

A LEAGUE OF THEIR OWN: THE TOP TEN SCHOOLS IN SELECTED CATEGORIES
Published: January 28 2008 06:00 | Last updated: January 28 2008 06:00
Top salaries in consulting
1 Indian School of Business
2 University of Pennsylvania: Wharton
3 Columbia Business School
4 University of Chicago GSB
5 Harvard Business School
6 Insead
7 Iese Business School
8 London Business School
9 UC Berkeley: Haas
10 Northwestern Uni: Kellogg

Top salaries in finance
1 Indian School of Business
2 Stanford University GSB
3 Columbia Business School
4 Dartmouth College: Tuck
5. Harvard Business School
6 University of Pennsylvania: Wharton
7 University of Chicago GSB
8 UCLA: Anderson
9 MIT: Sloan
10 London Business School
http://www.ft.com/cms/s/2/3f930b0c-cb17-11dc-97ff-000077b07658.html




Top 20 schools lead the way on earnings
However, it is worth noting that what you are paid often depends heavily on where you are prepared to work. Many of the highest school and country salaries are not being earned in the US and older European Union member states. Instead Africa, Russia and the United Arab Emirates feature highly.
A slightly different piece of analysis gave similar results; graduates of all schools earn most if they are based in places such as India, Russia or China, while the UK has only the seventh highest average salary, France is number 11 and the US comes 13th on the list. http://www.ft.com/cms/s/0/47515dfc-cb40-11dc-97ff-000077b07658.html

geoffky

PasturesNew wrote: »

Well, like everything, it's only well-known if you're in the know.

That's a fortune. Why aren't we all out there for 6 months of the year teaching English then? Why hasn't some enterprising person set up a small hostel and encouraged English people to pop over there, accommodation and meals provided and £20/hour for work done ...?

£50/hour is a full-time equivalent of £100k. I can't see it being realistic, or the work's done by wives of men out there working (so they don't need to LIVE on the money) - and there's only 1 hour's work per day doing it.

I have lived and worked in lots and lots of countries and japan is the only countries in the world that i ever felt homesick in.
I hated it and just could not get on with the place and its people. it got so bad out there i used to go hunting tourists just to be able to speak to them.. I admit i was in a regional place called kashima and it had no westerners that i knew who lived there...i used to try and go to places and often was told i was not allowed in with Japanese only excuse...strange place once you get out of Tokyo... it was in1992/4 may of changed but i doubt it..

Sapphire

bubblesmoney wrote: »

guess shorting the pound AND TALKING IT DOWN, goes in hand with regard to these big currency players. not that they need to talk down the pound anyway with the way the economy is right now.

Hasn't this geezer done this before (some years ago) and earned millions from it???

StevieJ

In the name of balance, here is an article from David Smith at the Sunday-Times, the Doomsters will be along soon to rubbish it in the name of The God Of Doom.

http://business.timesonline.co.uk/tol/business/columnists/article5580642.ece

What should we make of the views of Jim Rogers? The “investment guru” said: “I would urge you to sell any sterling you might have. It’s finished. I hate to say it, but I would not put any money in the UK.”
Rogers has probably taken enough punishment but, apart from the fact that it is nonsense – the world’s fourth-largest reserve currency isn’t finished – and puzzlement that anybody gives him publicity, I found it mildly reassuring. He said much the same about the dollar in April, since when its average value has risen 12%.

piggeh

All investors or 'investment gurus' are selfish, they are not giving these tips just to help a fellow man from losing cash, so it must be to either raise their profile or to manipulate the markets really.

Really2

Asheron wrote: »

When asked his advice for a young person growing up in Britain, Jim Rogers, former partner of George Soros and one of the world's most successful investors, is forthright. "Move to China; learn Chinese." In an interview with The Independent, Mr Rogers warns that Britain will go bankrupt if the Government continues to follow its present policy of attempting to save the banks through subsidy and nationalisation.

http://www.independent.co.uk/news/business/news/now-its-time-to-emigrate-says-investment-guru-1488629.html

Where the hell as this poster come from.
As he/she been locked away for 20 years and forced to watch eastenders and can only listen to the smiths and REM?

itsallagame_2

piggeh wrote: »

All investors or 'investment gurus' are selfish, they are not giving these tips just to help a fellow man from losing cash, so it must be to either raise their profile or to manipulate the markets really.

Yup, after gaining your confidence, if a guru suggests one direction, you’re best going the other way!

Normally they want you to prop up their movement, as in all ponzis:rotfl:

bubblesmoney

Sapphire wrote: »

Hasn't this geezer done this before (some years ago) and earned millions from it???

they (he and soros who owned the quantum fund) earned a billion actually and became known for breaking the bank of england.

In 1992, the lead fund, Soros's Quantum Fund became famous for "breaking" the Bank of England, forcing it to devalue the pound. Soros had bet his entire fund in a short sale on the prediction that the British currency would drop in value (it did), a coup that netted him a profit of $1 billion

http://en.wikipedia.org/wiki/Quantum_Fund
and he supposedly retired at the age of 37 !!!!

RDB

exil wrote: »

Japan has been in a slump for the last 8 years. Interest rates are 0%. They have no oil coal or other energy sources.

China is overpopulated and has had billions of pounds poured into it mainly to build empty office blocks

India is booming but wages are a fraction of what they are here. Fancy doing your present job for £100 a month?

Africa is a disaster area. Latin America ditto. The US has the same debt problems as the UK. Europe has a gigantic future pensions crisis.

The moon anyone?

So whats so bad about Japan not having oil or coal? They are the leading electronic coutry by far. They make the best hybrid electric cars.

They they have been in a slump for the past decade, thats why they are the first to come out of it. Japan is always ahead of the rest of the world.

Loads of people on the net are talking about it. 50 pounds an hours sounds a lot but its only because the Yen is so strong and the pound is so weak. Its not in real terms 50pounds an hour because then even the toilet cleaners get 30pounds an hour in Japan.

piggeh

Do they make them though (hybrid electric vehicles), or a Tier 1 supplier?