(How does it end in Japan – in tears?)
Of course it does. Japan has a very serious problem. When we look back, Mr. Abe will have ruined Japan. Huge debt levels, horrible demographics, they won’t let in foreigners, the population is declining. Mr. Abe comes along and says he’ll ruin the currency. It is a disaster in the long term, and not guaranteed to work in the short term, either.
Fusion MarketSite Interview: Jim Rogers …
http://www.fusionmarketsite.com/?p=10562
Agriculture is a great long-term story. We have been consuming more than we’re producing over the last 10 years, so the inventories are near historic lows. Agriculture has been a terrible business for many years. We’re running out of farmers. The average age of farmers is 58 in the US, 66 in Japan. Young people are not going into the ag business. Unless something dramatic happens, we will have a crisis, as we need people to go into the fields to produce this stuff. Everything cannot happen with automation.