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Turn on CNBC (or any other mainstream talking head channel) and you won't find a shortage of prognostications. Thoughts on what will happen in 5, 10, or 20 years are in abundant supply.
Rarely is anyone held to their word after the time passes. Sure, what you say can end up in a YouTube video that haunts you; but because of the sheer number of predictions that are given each day, you're pretty safe to say what you want. No one will check you after the decade passes.
Well, I was just doing some research and going through notes that I took back in 2003. I came across the following quote from Jim Rogers:
2003 – On Feb. 9, Jim Rogers said, “I don’t think the Euro is going to survive ten years from now. Fifteen years from now, it will break up and disappear.”Now, most EPJ readers know that the Euro won't last. Paper money never does. But Jim Rogers gave time frames.
Here we are 9 years later, and Europe is bursting at the seams. They're desperately trying to pull just one more rabbit out of the hat; all in an effort to buy more time.
Jim Rogers was on the money and we'll see in 6 years if he's correct about a total break up. My chips are on him being correct.
Jim was recently a guest on The Robert Wenzel Show. You can listen to that great interview here.