More proof that China will one day own us
I came across this clip while surfing Youtube for Jim Rogers clips. It's of Soros being interviewed in China in front of a large audience of what appears to be reporters. I have no idea who the two Chinese men are sitting next to him, whether they be journalists or have some connection to the government, but the guy on the right challenges Soros on his views of what causes and cures recessions. What's interesting is that the Chinese man makes arguments straight out of the Austrian economics catechism. If his views are common in China, the Chinese will one day own us (if they don't already).
Soros eventually does talk about Jim Rogers at the end, basically belittling him and claiming he hasn't been successful since he left the Quantum Fund. I've been following Rogers for over a decade, and his predictions have been basically correct, moreso than any other talking head I've seen. I haven't, however, seen any hard numbers on his returns.