When someone that smart and that successful writes a book and everyone ignores it, we should pay special notice.
I report on it from an article by Michael Campbell of Money
Talks fame. (Via Maggie’s Farm)
Here’s an intriguing Rogers thought for those who think that
the future merely repeats the past:
"You
can take any year you want in history, then look at the world 15 years later
and it is nothing, NOTHING, like it was before"
As an
example in 1930, 40, 50 we had Depression, then War, followed by the
beginning of suburban America. Just dramatic changes. "Nothing we know today, everything we think is
true today is going to have changed 10, 15, 19 years from now. It always,
always, always has been, and always will be."
"The world changed in the 1920's, 30's,as
Capital moved from the UK to the US exacerbated by a financial crisis and
mistakes made by the politicians. We
have another change taking place in World History right now. This time Capital
is moving from the largest Debtor Nations to the largest Creditor Nations in
the world, which are China, Korea, Hong Kong, Taiwan, Singapore, Japan.
"The
assets are in Asia, you know who the debtors are. You just have to look out the
window and you will see some of it."
Is that just true of recent history?
ReplyDeleteBecause I don't think so much changed every fifteen years in the 1200s, 1300s, 1400s. . .