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July 20, 2011

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my father repeatedly tells me of some famous roman around the time of the fall who sent his children to live among the britons until the republic was restored

Status related blogs are a lot more interesting than the constant kvetching about how blacks have a lower mean IQ.

What are some other blogs that deal with these kind of issues? (Open to anyone who wishes to answer)

Note: I am not being sarcastic

Jim Rogers is a smart and wise fellow, but also a bit eccentric and a very special case. There are lots of reasons he decided to move and become a citizen of Singapore, but the biggest one starts with T and ends with axes.

[HS: It's easy for Singapore to have lower taxes when they don't have NAMs sucking away government money.]

As a kid, I lived in Japan for a few years because my father was there on business. I went to an international school and there were quite a few rich kids (mainly European). All I learned is that European rich kids are the mix of arrogant jerks and complete crybabies that you would expect. I preferred to hang out with the half-Japanese and the few American kids who had the basic human decency to like baseball. The full Japanese kids who went to our school to learn English tended to be too upper class to like sports (except being terrible at soccer).

My best friend was an American whose dad was in the Red Cross so he got to live on the Navy base, but didn't go to the military schools. I remember riding my bike over to the base where the houses look just like they do in America with big lawns, trees and fences, instead of the incredibly cramped housing that the Japanese live in. It was a kind of a heaven on earth when you are 10 years old.

Anyway, I had take Japanese and French and learned not much of either. The school was British style which means that wasn't a rigid ciriculuum and not very professional compared to my American public school. My sister has done a lot with her career being able to speak some Japanese, but it didn't really do much for me.

Why the daughter of a "multimillionaire investor" needs an education AT ALL is a mystery.

"There are lots of reasons he decided to move and become a citizen of Singapore, but the biggest one starts with T and ends with axes."

Unless he renounced his US citizenship, he's still on the hook for US taxes.

Mandarin? That might be as useful 20 years from now as learning Russian in the '60s and Japanese in the '80s was.

Growing up on the South Shore of Long Island in the '70s and '80s, I mostly dealt with whites, Jews, Guidos, and blacks. Very few Indians, Asians, and certainly no Mexicans.

Now, in my Chicago 'burb, my kids classes are like the UN: Indians, Arabs, Koreans, real Africans, and of course more Mexicans than you can shake a piniata stick at (in addition to the whites and Jews that I dealt with. Thankfully no Guidos out here).

My kids don't need to go to Singapore to know how it feels to be a minority. What a country.

"It's easy for Singapore to have lower taxes when they don't have NAMs sucking away government money."

Singapore's port is pretty essential for shipping there so they just get their taxes off the ships and not the people who live there.

[HS: It's easy for Singapore to have lower taxes when they don't have NAMs sucking away government money.]

Welfare is annoying, but not a huge part of the budget. America blows most of its money on corporatism that has little to do with NAMs.

"The rich know that American middle class is doomed, but they could care the less because they plan for their families to remain among the elite."

This isn't entirely accurate. Jimmy Rodgers cares a great deal about how fucked up America and its government is. If you see the guy talk his blood gets riled up. But being rich doesn't mean being able to change the direction of the entire country. If America is going the way it is and he can't stop it, he needs to do what is best for his family.

Jim Rogers, as far as I know, is fairly patriotic. He has long been a trenchant critic of US government economic policy, saying that it would make us a Third World country. He is simply looking to the future of his own family at the same time, which is understandable.

I am a very harsh critic of the present order of things, but this does not mean I need to be here for America's national suicide. I invest nearly all of my money outside of dollar-denominated assets and have them controlled by an offshore corporation to avoid potential seizure. I also have a foreign passport (in addition to my US).

I care very deeply about America, but I'm not going to allow myself to be taken down with the ship.

The United States Federal Budget is basically...

Military
Medicare
Social Security

The Corporatist boondoggles (other than Military Industrial Complex and Medical Industrial Complex) aren't even a blip.

The American middle class may be doomed, but it's not going to collapse in a heap overnight either. The big problem that most people find objectionable, even if they won't say so in polite company, is the Mexicanization of large parts of the country, and having Spanish shoved down their throats. Not to mention Mexican culture, which seems to me to be roughly equivalent to white trash or hillbilly culture.

But getting back to the point, white middle class Americans aren't going to vanish, they'll simply self-segregate in places like Idaho, Monatana, the Rust Belt, and various parts of the south. That's going to take place over a long period of time - certainly longer than most reading this blog will be alive.

The United States Federal Budget is basically...

Military (Military Industrial Complex)
Medicare (Medical Industrial Complex)
Social Security


I don't understand your post.

Hmmmm, so a 68yo millionaire has two daughters under 10. I dont think he has the same planning horizon and a typical parent.

He also cashed out his NYC property at the peak. Moving to Asia let him pocket the money and live somewhere au courant. Red Bank might have been hard to sell if he wanted to keep his title as a seer.

And Engineer is right - this mania for obscure foreign language comes up every couple of decades- remember Ann Durham taking Russian in her first semester? All it seems to do in most cases is increase the chances of your daughter being impregnated by some foreign chappie.

[HS: I don't think there's much danger of pretty white girls being impregnated by Chinese men who can't speak English.

http://www.chinadaily.com.cn/life/2010-04/09/content_9707047.htm

]

Jim is right. If I could move abroad it would be to Singapore.

You can get Chinese language courses without going to Singapore -- all they have to do is attend a charter school!

http://www.nytimes.com/2011/07/17/education/17charters.html?_r=1

In New Jersey, where the State Education Department approves charters, school boards and parents have been fighting a proposed school in another suburb, Montclair, north of Millburn, and another Mandarin-immersion school in the Princeton area that was approved last year but has yet to open. Statewide, 15 of 73 charter schools are in the suburbs.

The latest battle, over Hua Mei and Hanyu International — which would start in 2012 with 200 kindergarten through second-grade students drawn from Millburn, Maplewood, Livingston, South Orange, West Orange and Union — has divided neighbors and has spurred calls for legislation to require voter approval to open charters.

Jutta Gassner-Snyder, Hua Mei’s lead applicant, said some of the school’s 12 founders had received threatening e-mails.

“This is not just about the education of my child,” said Ms. Gassner-Snyder, who sends her daughter, Kayla, 4, to a private Mandarin-immersion preschool. “If we just sit back and let school districts decide what they want to do without taking into account global economic trends, as a nation, we all lose.”

Millburn’s superintendent, James Crisfield, said he was caught off guard by the plan for charters because “most of us thought of it as another idea to help students in districts where achievement is not what it should be.” He said the district could lose $270,000 — or $13,500 for each of 20 charter students — and that would most likely increase as the schools added a grade each year.

“We don’t have enough money to run the schools as it is,” Mr. Crisfield said, adding that the district eliminated 18 positions and reduced bus services this year.

Millburn offers Mandarin only in high school, fueling the arguments of those seeking the new charters. “Kids are like sponges,” said Yanbin Ma, a Hanyu founder. “There are so many things they can absorb and become good at, and I feel that our public schools haven’t done enough to take advantage of that.”

As the IQ threshold for good jobs increases, a smaller percentage at the top will control a greater percentage of the wealth.

But if the lower class becomes the bottom 70%, won't it have so much voting power that it tips the balance back? Of course, the policies that would do that would be horrible for overall GDP, but that's not my point.

[HS: I don't think there's much danger of pretty white girls being impregnated by Chinese men who can't speak English.]

However, when the rich blonde girl grows up and goes to the States she will encounter black males. And we all know the rest. That's what happens to a lot of affluent white women who were insulated from blacks for most of their life. They see a tall black man in a suit being charming and exuding alpha male potency, and those white women can't control themselves. The male equivalent would be a white guy, possibly a beta or asiaphile, in a country full of young Asian women. Too bad she was not born a he, because Singapore would have been paradise for a white male, but not to white females.

Jim Rogers grew up dirt poor in Alabama, he made his money through brains, work and luck. He is not the typical rich guy. Soros (Rogers confounded the Quantum fund with Soros) said that Rogers could do the work of 4 analysts.

Jim also has world records for motorcycle and car trips around the world. He is a freak, no one like him.

Chinese is not another Russian or Japanese craze language. It probably wont displace English but the high IQ of China's huge population all but guarantees they will be by far the biggest single economy, it cant hurt to speak Chinse (my parents had me learn it too). Rogers is also probably eager to have his children exposed to the Westernized Chinese discipline of Singapore. He is full of scorn for old money and perhaps fears he wouldnt be able to insulate his children from a "rich kid" upbringing in NYC. If nothing else, growing up in Singapore will be a horizon expanding experience for his kids. It will certainly make them racially aware.

Jim Rogers is still a U.S. citizen and still pays U.S. taxes. He has said in interviews that the reason he moved to Singapore is so his daughters could grow up speaking Chinese fluently. He moved to Singapore, rather than China, presumably because it has rule of law and is a more orderly/first world place.

The reason Singapore has relatively low taxes is because it has a relatively Spartan social safety net, one that's funded primarily by enforced savings rather than transfer payments. It has an open immigration policy, so people of any sort of background can move there, but they have to be able to earn their own way.

And by the way: Jim Rogers comes from what you would probably consider a "prole" background, raised in Demopolis, Alabama. He didn't come from money.

"[HS: I don't think there's much danger of pretty white girls being impregnated by Chinese men who can't speak English.]"

Pretty much everyone in Singapore (Chinese or not ethnically) speaks English. Charlie Rose had an interesting interview with the founder of Singapore a month or two ago on Bloomberg TV, where he explained why he made English the main official language of the city state. Worth looking up a video of that interview, if you have time.

“The money is in the East, and the debtors are in the West. I’d rather be with the creditors than the debtors,”


I can write 100,000 words about things in the US that piss me off, but I'd never sell out so quickly. There's more to being a part of a country than their balance sheet. America has been good to my ancestors (and I can't complain about my own lot if life) and I wonder how likely success would have found Jim Rogers if he grew up in the Demopolis AL equivalent of most other nations.

I'm a white guy married to an Asian girl. There's things to admire about Asian culture and values, but it is still foreign.

What's with the stupid names for his daughters? Ugh. I live in a very SWPL suburb and it amazes me all the stupid things people name their kids.

Jim Rogers' wife looks 25 years younger than him...

"America has been good to my ancestors"

You should worry about whether or not America will be good for you and your descendants. Since the elite does not care about America, and cares least of all about the aspirations and concerns of the current residents of America, your loyalty is misplaced and anachronistic.

In the near future we will have electronic devices that instantly and perfectly translate languages. There are already some amazing advances in this area. Learning foreign languages (outside english if you are not a native-speaker) is a waste of time.

It seems like I have been reading variations of this same article my whole life. When you read "only 37% of Americans have passports" you should read it as over 100 million Americans have passports. If these passport holders formed their own country they would be the 12th most populous state in the world.We have a large poor,stupid and fucked underclass, but the college-educated classes will be fine.

If I was going to have my kid learn a language it would not be Chinese. They will have 500 million retired elderly people to support in 30 years. Their demographic problems make Europe look good.

[HS: This is a good point. Also, I doubt that, as a percent of the population, Europeans are more likely to have flown to another continent than Americans.]

This blog is filled with people who blame their failure to make big money on the fact that they were not born elite

Jim Rogers was not born elite and he made a lot of money any way.

If you don't have as much money as Jim Rogers, look in the mirror.

If you don't have as much money as Jim Rogers, look in the mirror.----

He made his money by working as a useful pet for the elites. The elite got their billions, Jim Rogers got his millions. Unfortunately those positions are in limited quantity and others of similar intelligence and character as Rogers wouldn't get those opportunities because of that. Without these kind of sponsorship he would have ended up as an economics professor in some mid-tier college at best.

"Without these kind of sponsorship he would have ended up as an economics professor in some mid-tier college at best."

With smarts like that, he certainly could have started a successful business in some other area and made a bundle (but maybe not quite as much as he made through his current career trajectory).

There's lots of ways to make big money in this country besides just IB or Hedge Funds.

Jim Rogers is also an extreme paranoid schizophrenic.

"HS: I don't think there's much danger of pretty white girls being impregnated by Chinese men who can't speak English."

I am a Chinese with a White girlfriend. How's that sound to you. Though I know I still get lots of attention on the street every now and then, I am kinda used to it.

Don't like Singapore anyway, there ain't real Chinese. You really don't have to move to that tiny tropical island to learn a language spoken in somewhere else. Plus, it's the culture that matters, not really the language. You could only master a language through a good understanding of its culture.

Just because the US is going down, doesn't mean China is coming up. The Chinese are not nice people, do not have much of a civilization and don't make good products, only cheap ones.

>>(One mom in San Francisco laughs when she recalls that her daughter learned about Rosa Parks and the Montgomery bus boycott in Chinese.)<<

Be nice if she was learning math, but this is the US.

Before you guys get carried away, maybe you should actually go to China or at least talk to people who've emigrated from there. This is no paradise and there's a reason why they're trying their damndest to emulate US schools. I see the top researchers coming out of there and I can tell you, they're nowhere near taking over from the US (or even competing with Europe). The average US high school has lab facilities that are better than the top research institutions in China. And their mentality (as is often noted here and other places) just doesn't commend itself to creative output. They grind and work like slaves, but can't relax enough to have those Eureka moments that make for truly innovative work.

China is a lot like a bundle of the the lesser European countries (Estonia, Spain, Hungary, Poland, Ireland etc). Their individual provinces are also about the same size as the average European nation. On the other hand, Japan is lot like a combination of Britain and Germany in terms of their achievement. And South Korea as an equivalent to France in some respects. If those countries were more united and cunning they could pose a legitimate threat to Western hegemony.

peter s,

Let's say 100 people have to divide $10mil in income. That's 100k/person. Further let's say its a winner take all game, which is what many contests in life with big payouts are like.

One person gets $5 mil
Two people get $1 mil
Six people make $500,000
The remaining 91 make $10,000 (actually, most of them probably make $0).

That's what life for non elites is like (actually the percentages are way way worse, but let's simplify). You'd be lucky if 9% made it.

“businesses with fewer than 20 employees
have only only a 9% chance of
surviving 10 years.”

And those are just the ones that survive, who knows if they actually make any good money.

By definition if you have a large pool of risk takers some of them are going to succeed by sheer chance. Some people win the lottery. Some people make it on American Idol. The vast majority don't.

What's great about being elite is that the probability of being one of the few winners is dramatically improved. While only a small percentage of non elite can become elite, a high percentage of elite will stay elite.

“The money is in the East, and the debtors are in the West. I’d rather be with the creditors than the debtors,”


"I can write 100,000 words about things in the US that piss me off, but I'd never sell out so quickly. There's more to being a part of a country than their balance sheet."

Yes, but if you plan to live a long time (like an indefinitely long youthful life span), you will realize that institutions do not last long and that only individuals (those who are into radical life extension) endure.

It is better to associate with not only the creditors, but also those who are into the Long Haul, than to associate with debtors and ephemerals. Ephemerals are people who are not into the long haul.

“The money is in the East, and the debtors are in the West. I’d rather be with the creditors than the debtors,”

No shit, Sherlock

It is better to associate with not only the creditors, but also those who are into the Long Haul, than to associate with debtors and ephemerals. Ephemerals are people who are not into the long haul.----

Creditors are nothing less than criminals, to put it plainly. Basically they start with a certain amount, and then lend it to others with interest. The creditors become extremely more wealthy overnight without moving a single finger. But to pass the time they invent "creative" financial instruments, which the main purpose is to fool outsiders that they are actually doing hard work. All the while they add revenue that doesn't even exist yet to their books, then package those into more layers of unnecessarily complicated paper, calling it derivatives and make even more money. All in a matter of a few seconds since everything is done automatically through software.

There is a reason why our funding fathers hated central bankers to death.

Singapore may not have "NAM's" but it's about 20% Muslim. I'm sure they"d be happy to trade.

The rich know that American middle class is doomed, but they could care the less because they plan for their families to remain among the elite.

That's "couldn't care less." Proles say "could care less." Language is a big class divider.

None of the Elite have any loyalty to anyone but themselves. However if society gets a reboot, their are ways of dealing with it and making it so their benefit is drained away. Connectivity is 2 way after all.

Anyway Singapore is more doomed than the West is. They may not have NAMS or a top heavy state to to deal with but they lack something very important, replacement people.

Singapore has the 3rd lowest birth rate in the world and this means either population freefall, economic stagnation or replacement by inferior faster breeding people.

Also because Singapore is a hocus-pocus economy, when everybody else goes down they will as well and an educated populace costs big $$. So the future for them is almost certainly smaller and dumber no matter what they do.

Posted by: JP
"Unless he renounced his US citizenship, he's still on the hook for US taxes."

That is correct. According to US tax law if you're an American citizen you are responsible to pay taxes on income earned regardless of where you live or where the income was generated.
*that's the gist of it*

"According to US tax law if you're an American citizen you are responsible to pay taxes on income earned regardless of where you live or where the income was generated. "

A question in HS's Wheel House!

How can the IRS tell what money he is earning overseas?

For instance he has an upcoming speaking engagement at Raffles Hotel in Singapore. How would the IRS be able to verify his speaking fee?

"Jim Rogers was not born elite and he made a lot of money any way.

If you don't have as much money as Jim Rogers, look in the mirror. "

And I grew up in a Southern town with a profile very similar to his hometown of Demopolis, AL.

But I do have a very valid excuse for not having as much money as Jim Rogers - in his day the Ivies weren't discriminating against Southern Gentile Whites the way they are now. ;-)

I've never heard of this guy, but from just reading this and what he's said, I can divine that he's either an uber beta nerd or, as someone above said, mentally unstable (or both). What kind of stupid asshole takes his kids and plops them down in some foreign asian school? Seriously? And what if his daughters want to do one of the million things that don't require (in the least!) a knowledge of chinese? Like, what if one of them wants to be a cardiologist, right here in the US? Or an interior decorator? Or is he foreseeing that the chinese will take over the world in about 15 years?

This is what happens when you're one of those people who is not very observant and can't tell the difference between different populations of humans. The chinese or other asians aren't going to take over the world, or they would have done it 500 years ago. They're communal, not attractive, not sexy, not creative in the same way europeans are... there are real differences that matter, as can clearly be seen from the course history has taken - nerdy goobers can't see it and, for some of the well-off, fascination with asia is just a cyclical fad.

It's also hilarious that all of these progressive parents are forcing chinese on their kids given the socio-political situation in china. There are political prisoners rotting in prison cells in china, for god's sake...

"The chinese or other asians aren't going to take over the world, or they would have done it 500 years ago."

And for thousands of years Germanic people were living in straw huts and had a primitive culture, where they had to completely borrow everything of worth from the Romans.

Before going on your "we are superior to everyone" high, try to put things in perspective. Unless you are able to predict things with full accuracy with your crystal ball you can't take your assumptions as becoming fact.

EliteBaby,

China has been the center of the world far longer then anywhere else. Every culture has its time in the spotlight.

EliteBaby's words repflect very low class or low proles with KKK type background. This baby just wishes to be elite. Or just elite in its primitive head.

Actually, this creature sounds like some kind of psychopath. Ignorance is indeed a bliss.

"The Chinese are not nice people, do not have much of a civilization and don't make good products, only cheap ones."

Right, keep saying that to all 1.3 billion Chinese. none of them are nice. we are all savages who has done absolutely nothing civilized for thousands of years.

http://theslittyeye.wordpress.com/2011/07/06/what-constitutes-a-chinese/

Bottom line, US' influence and power is going to decline whether or not there being a China. I wouldn't say China will replace US as the next global empire, but definitely a strong challenger in the long run. The demise of US is happening only from its inside. Look at UK, Brits took it pretty alright, looking even backwards, look at the French, the Spanish, they are still having a good life after all. It's not like Americans are going down to third world country after America lost its hegemony.

I question whether China has ever been the center of the world (other than in the estimation of the Chinese). It's obviously been a major power in East Asia (militarily, culturally, and commercially) for much of its history, but beyond that its impact has been fairly limited. Sure, there was that eunuch admiral and his voyages of exploration, but what were the lasting impacts of that? And yes, the Chinese invented gunpowder and a few other things, but they didn't build on those inventions in the way Europeans did.

That doesn't mean things won't change in the future, but I don't see China ever achieving the global influence that, say, Britain had a hundred years ago, or the U.S. still has today. No doubt, they'll continue to advance and become more prosperous, but China is too constrained by its geography to ever be a global super power.

"China has been the center of the world far longer then anywhere else. Every culture has its time in the spotlight."

This is bullshit, but I've heard it many times.

Starting in 4th century Greece the intellectual and technical accomplishments of Europeans had made everyone else look stupid.

A Penn graduate can say "could care less"?

China's HUGE advantage and Japan's and Korea's is that almost everyone in China is Chinese and it's going to stay that way for a really long time.

"Could care less" is now acceptable as an American idiom, according to the OED.

http://oxforddictionaries.com/definition/care?region=us#m_en_us1230840.019

[HS: I gave in and edited the sentence. But I think that colloquialism is especially common in New York City.]

Real elites don't give a crap about China, as they understand it's a country full of conformists which is going to have a huge problem of excess males causing trouble. If anything elite white Americans look down on Asians and Asian-Americans.

the real hereditary elites of the usa hate jim rogers.

Those people who spent their childhood in places line Palo Alto or Darien or River Oaks feel entitled to live there as adults. They feel entitled to keep the jim rogers of the world out

Frequently by the time they grow up and go house shopping they realize that they have failed to earn the money needed to enjoy the lifestyle that their parents enjoyed.
The old WASP elite is rapidly being eclipsed by those groups born with a higher IQ and greater levels of motivation and drive- like jim rogers

The old WASP elite thought that they could stay elite in to the future, but upward mobility for the new high IQ types means downward mobility for the people that grew up in the WASP elite.

What matters today is raw IQ and drive and motivation, not whether ancestors came over on the mayflower.

to make a super high income right now you have to EARN that super high income. Grandpa can't generally get you a job as a partner in a top hedge fund or private equity firm. you have to earn it.

Grandpa can get you a low paid job at the ny times perhaps, but NOT a job that pays real huge income.

"Just because the US is going down, doesn't mean China is coming up. The Chinese are not nice people, do not have much of a civilization and don't make good products, only cheap ones."

They most certain do have a civilization, in fact, they were the most advanced civilization for centuries. They are in the process of developing and Shenzhen in addition to other cities have drastically grown in the past few decades. There is still racism against the Japanese (and others) in places. The major problems with China are its communism and authoritarianism. Some strengths are its lack of a stigma against eugenics, since in the west the slippery slope "logic" is applied because of Hitler, but pretty much anything taken to a far enough extreme could be used to justify genocide.

"Real elites don't give a crap about China, as they understand it's a country full of conformists which is going to have a huge problem of excess males causing trouble. If anything elite white Americans look down on Asians and Asian-Americans."

Ivy League schools even have an Asian quota similar to the Jewish quota from the early 20th century (hence their emphasis on "leadership" and "character", since the WASP elite presumed the Jews were "characterless" in those days).

Some Chinese people from China are without accents. Perhaps this a major reason why Asian-Americans born in America are perceived as perpetual "foreigners" while Europeans, Africans, and Caribbean people who lack or have weak accents are accepted as "real" Americans.

My objection to the idea that Chinese languages are the thing of the future is the fact that they are too alien and foreign to non-Asian speakers. Talking "wing wang wong" in twenty different intonations will remain unlearnable to most people. And then there is the Chinese alphabet...

The question for Half Sigma: Did Jim Rogers earn his money or did he make it through value transference?

One of your most perceptive posts. America is most likely doomed for more reasons than the NAM burden. The middle class has become enamored with entitlements, and they don't have a clue where the funding will come from.

"The question for Half Sigma: Did Jim Rogers earn his money or did he make it through value transference?"

The guy is an investor. Within Marxist definition of "value", investing is a naked value transference.

singapore is the money laundering capital of asia. google "andy xie singapore morgan stanley" if you want to know more. this guy sent an email to his colleagues and was fired for it.

http://www.singaporedemocrat.org/articleandyxie.html

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aK7UIXigIxjM&refer=home

"Creditors are nothing less than criminals, to put it plainly. Basically they start with a certain amount, and then lend it to others with interest. Blah, blah, blah..."

You know, the way to avoid the problem is simply not to take on debt. Its real simple. In any case, I'd rather hang with creditors than debtors. Debtors have nothing to offer to me. Hence, it would be pointless for me to hang with debtors, don't you think?

i would also agree that jim rogers is nothing like the typical elite. the pattern HS is railing against is actually most present with russian oligarchs, middle eastern shieks, etc going to UK and US etc. there is a lot of rot left in the US. 80-100 years or so.

jim rogers has an exceptional interest in travel, has written two interesting books on world-record-style trips around the world on cars and motorcycles, and had a job that focused on the world economy. it's actually quite in keeping with his work and interests to raise a daughter overseas.

he is also exceedingly rare among the elite, that he will publicly critcize policies that served to his benefit and enrichment over his life (inflation, cheap money), and he's been vocal about them for 20+ years.

jim rogers is both elite and a kind of folk hero.

steve wynn is another great example - a casino owner who dares criticize the democratic administration even though there's not a shred of doubt that wynn's wealth is far greater as a result of the cheap money policies of ben bernanke.

what about the "silent" elite? i recently read that steven speilberg is worth 3billion. pretty crazy to contemplate, although his movies do rock. what's he doing with his wealth and influence? i'd guess hosting obama fundraisers. overseas boarding schools? perhaps do an irregular segment on the forbes top 50 wealthiest people.

I have no animosity towards the Chinese whatsoever but I am skeptical they are going to be a true world power in the 21st century.

Their whole geopolitical history is one of periodic massive slaughter - whether a civil war or invasion. I wouldn't bring my children there. It's been 150 years since a war was fought on American soil, much longer since any foreign power invaded it. Geopolitically we are much more stable.

I dated a Chinese exchange student in college. She was fairly patriotic Chinese and was convinced that in our lifetimes there would be a massive war of some nature there - she felt another civil war or perhaps invasion by Russia or even Japan. She was very knowledgeable of Chinese history and felt the cycle of violence that has characterized its history would repeat in the 21st century.

As to Singapore - how many times has that place changed hands in the last 200 years?

I wouldn't be surprised if the next world power came out of Asia but I think it will be Japan or Korea. All that determines whether someone is a world power is a cluster of tech advancement beyond your competitor nations. The Japanese will discover true AI or the Koreans will cure all cancer.

Hating the rich is more common among people who thought that they might be rich and are disappointed at their failure than it is among people who always knew they would fail.

Check out Steve Sailer's site - a poster just said

"my father was blue book, my parents engagement was at the top of social column in the NYT
If i were to marry today, it would not be in the NYT"

what you see over and over is anger and resentment over the fact that super high IQ immigrants from Asia seem to make lots more money than people whose ancestors came on the mayflower.

Some think this resentment is coming from the low class poorly educated white trash class.

But actually, what you see on the paleoconservative blogs is more often than not coming from people like the person who posted here, someone who grew up thinking himself a member of the elite, thinking that he would get treated as a member of the elite, who is angry that his group is eclipsed by others

the point is, someone that was never elite is unlikely to get as angry about today's state of affairs as someone whose parents were elite who has been cast out of the elite class.

This is real. Plenty of people grow up thinking they will be elite and face reality once they are in the work force

I'm not sure I understand the comments here - Jim Rogers grew up dirt poor, worked hard and rose above his circumstances and got very rich. Shouldn't we be celebrating him?

It just seems to me that some people here at Half Sigma are just hard wired to hate.

Look at it this way - the Scotts Irish people living in Northern Ireland like to complain a lot about how much they hate Catholic people and like to live separately from Catholic people etc. So to an outsider it looks like one group of pale whites see the need to separate from another group of pale whites, but as soon as they move from Northern Ireland to the USA they forget about hating Catholic people and instead decide that they hate some other group. Scotts Irish are not hard wired to hate catholics they are just hard wired to hate someone. They forget their hate for catholics when they move away from Northern Ireland.

The genetic factor in the Scotts Irish genome is a need to hate, not a need to hate Catholics.

Same thing with the people hating on Jim Rogers. The people hating him just need to hate someone who is more successful, they literally can't say a single nice thing about someone who is rich.

Nelson Mh,

Actual elite tend to stay elite. Lots of middle class or lower kids like HS grow up thinking that because they have elite IQ and work hard they would be elite. But they aren't, because being born elite is more important then IQ. HS is probably smarter and more driven then at least half the people I worked with in IB, but he won't get the chance while they did because of their background.

Truth is we mostly stay in the class we are born with a little bit of variance. In Brave New World people were breed for their caste, so people of the lower class were inferior to the higher caste and thus did not think they could replace them. But we aren't grown in test tubes. Which means sometimes someone from a lower caste is born with higher ability then someone from a higher caste. But since the parents of the higher caste child can give them advantages less worthy people do better in life then more worthy people consistently. That's infuriating.

HS is not afraid of Asians H1-Bs because they are taking elite jobs. There are almost zero H1-Bs in elite jobs. They have been at the bottom rung of every organization I've worked for. They have no capital or connections, they can't compete with members of the elite. They compete with labor, and HS, as a member of labor, is pissed off the flood of supply is killing his wage. If he can't be elite because he wasn't born elite or got lucky, at least he'd like to be upper middle class, something that a flood of labor supply threatens.

Elites are not afraid of H1-Bs or Asians more generally. Asians do very badly in elite circles relative to their performance in standardized tests or university admissions. Check the stats, Asians are extremely underrepresented in the elite. Paper tigers. The only thing elites are afraid of is that our country is going into the toilet because of their own bad choices and they need a new one to latch onto a such the marrow out of.

HS dislikes the elites because they run the country and they are doing a terrible job. They are destroying his homeland and way of life through a mix of ignorance and greed. Jim Rodgers hates them for the same reasons.

"he is also exceedingly rare among the elite, that he will publicly critcize policies that served to his benefit and enrichment over his life (inflation, cheap money), and he's been vocal about them for 20+ years."

Jim Rogers criticizes American policies because he thinks they're wrong and he cares about the country. But he would have made money regardless of what our policies were. He has demonstrated an ability to get ahead of the curve in radically different market environments over his investing career. The last 10+ plus years riding the commodity wave have just been the latest example. In 1999, when everyone was talking about the dot-com boom, and oil bottomed out at $10 per barrel, Jim Rogers was pouring his money into commodities.

"In the near future we will have electronic devices that instantly and perfectly translate languages. There are already some amazing advances in this area. Learning foreign languages (outside english if you are not a native-speaker) is a waste of time."

I've done some translation work (Japanese/English) in the past and still occasionally do some translation work here and there. While I think software translation has improved, I think the universal translator you describe is likely a Star Trek fantasy, and certainly won't be seen in the near future. There is certainly a human factor to translation, let alone the cultural factors.

A few weeks ago, a friend (who translates full time) and I were having a discussion and the topic of the Japanese translation of The Shining came up. For the iconic line of "all work and no play makes Jack a dull boy", the subtitles provided 仕事ばかりで遊ばない。ジャックは今に気が狂う. The scene works in English because that is an English proverb and the main character was named Jack. This does not carry over to Japanese, which reads "All work and no play. Jack will go crazy now." This is not the translator's fault; there simply isn't a way to convey this sentiment in Japanese, anymore than English can convey the difference between 私 and 俺 (both mean "I"). And of course, we have all seen Engrish. Speaking only for Japanese, I do not know how a computer will ever be able to use the proper honorific or humble language or giving and receiving verbs.

Translation is hard work. I have a lot of respect for those who do it full time and do it well.

I certainly don't think learning a foreign language is a waste of time. I think it is its own reward, the same as learning a musical instrument or any other such endeavor. I do not evaluate everything I do in terms of pragmatism. I suspect that I am not representative in this regard in that I am fascinated by language and continue to study new languages. Why is learning English the one exception - so all the world can be enthralled by your comments on someone else's blog?

But, if you must have a practical reason, research suggests that bilingual people have higher problem solving abilities and have later onset of dementia than monolinguists. Of course, one must be actively bilingual; taking high school French and never again using it doesn't count.

People around here should learn how to operate and clean firearms. Trouble is coming...

"As to Singapore - how many times has that place changed hands in the last 200 years?"

Singapore didn't "change hands" much over the past 200 years.
It was British since 1819, then was occupied by the Japanese during the war (but still British.) Then declared independence from Britain in 1963.

Jim Rogers is interesting, but most Singaporeans his daughters age speak English and will immigrate to Australia given the first opportunity.

Finally,
Are there still guys like Jim Rogers?
It seems like there were more bon vivant man-of-the-world traders during his era. Now they are more autistic and uninteresting. Sort of like Mark Zuckerburg meets Rain-Man.

I love the comments here bashing Russian and Japanese as "obscure." It is attitudes like that keep so many posters apparently bitter losers. Open your minds for Christ's sake. Knowing Russian has opened a lot of job opportunities for me. I could be one of hundreds of similar bright white male financial analysts, or I can be one who knows Russian. You don't think that gives me a huge edge? Not to mention the fact that both Russia and Japan (and China) all have very bright people whose ideas you probably won't come across if you just speak English. That said, I don't think Rogers is really that concerned that his kids learn fluent Mandarin - Singaporeans are notorious for their poor Chinese, most of them speak better English than Mandarin. If Jim was serious about language he'd move to Taiwan.

"Singaporeans are notorious for their poor Chinese, most of them speak better English than Mandarin."

Nah, Singapore speaks awful English with terrible accent. but still it's way better than their pathetic Chinese skills.

Here is a bit explanation of unique Chinese logogram in my comments:
http://theslittyeye.wordpress.com/2011/07/18/a-picture-is-worth-a-thousand-words/#comment-100

Either way, what could learn a new foreign language harm you? It's always good to know a new language, especially the one associated with rich culture and great literature and history. People all over the world are learning English anyway.

Big disparity between "High IQ elites" vs. "bamboo ceiling". In another thread, some jackass was trying to claim MOST Asians don't even make $100k in NYC. LOL.

"Big disparity between "High IQ elites" vs. "bamboo ceiling". In another thread, some jackass was trying to claim MOST Asians don't even make $100k in NYC. LOL."

Compared with the total New York City population, Asians had higher median household and family incomes but lower per capita income, according to the 2000 census. Asian median household income of $40,978 and median family income of $41,901 edged out city-wide figures of $38,293 and $41,887, respectively. However, Asian per capita income of $18,416 was far below city-wide per capita income of $22,402.

http://www.aafny.org/cic/briefs/newyorkbrief.pdf

Yes, selling fireworks and egg rolls must have been down that year. B/c that's exactly the Asian we're talking about on this HBD blog.

Averages mean nothing. The average house in the USA costs $225k. How's that working out for ya?

> Mandarin? That might be as useful 20 years from now as learning Russian in the '60s and Japanese in the '80s was.

Best comment of the thread.

2nd try,

We've sliced this data a million ways to Sunday and added every single caveat you've brought up. The answer keeps coming out the same: your statements about income are wildly off.

Your inability to understand your own bias indicates a severe lack of critical thinking.

"We've sliced this data a million ways to Sunday and added every single caveat you've brought up. The answer keeps coming out the same: your statements about income are wildly off."

People have a tough time separating what's average in their social circle from what's average more broadly. One example: I was talking to an acquaintance last week about the potential market for a particular financial tool and he started talking about the "average guy with $5 million in a brokerage account" (from previous conversations I know this guy has $10 million+ in the bank).

Now, it's worth pointing out that this guy didn't come from money, and I'm sure on some level he remembers that he is well above the national or even local median (he lives in Manhattan) in terms of income and wealth. But he rubs elbows with much wealthier individuals in his line of work and socially, so on another level, the real, broader numbers just don't register with him.

DaveinHackensack,

I understand this bias, and I understand why people allow themselves to believe in biases. It doesn't change the fundamental truth though. Willful ignorance because it's comforting really pisses me off.

Wait, doesn't everyone have $5 million in the bank?

The first analysis, however primitive, of the Chinese that I heard was from my junior high principal. He took on Germany's toughest in World War II, and he said they were nothing compared to the Chinese he fought in Korea.

Those who can't flee should learn Nahuatl, or Mixtec/Zapotec.
The hard core of the Chicanos will be increasingly influential.

@rotten

The Chinese oppress Turks in the NW. The Turks in Turkey have an impressive army, too.

Tanizaki - DARPA has made advances in real time translation. I am aware of the enormous technical challenges, but am confident they can be overcome as technology improves.

http://www.wired.com/dangerroom/2011/02/pentagon-goes-for-a-universal-translator-again/

As far as English being the exception, the reason is because it is the international language of business and science. There is also the huge amount of cultural products (movies, Shakespeare, music etc.) in English that make it worthwhile. Not to say that reading Dostoevsky in Russian wouldn't be nice too. English is just more practical in the modern world and is the accepted second language worldwide. Chinese is too difficult a language to learn to make it practical as a second language worldwide.

As for your practical reasons, there are a lot more efficient ways to achieve those outcomes rather than learning a foreign language.


"The hard core of the Chicanos will be increasingly influential."

Yes, it should be fun be lorded over by Mestizos who are illiterate in 3 languages...

The problem with the Chinese is that they are horribly corrupt, and it is cultural. This is their single biggest problem. Talk to any American who has done business in China and you will get an earful. China has a great future if and only if they can get a handle on the corruption problem.

"The hard core of the Chicanos will be increasingly influential."

There are tens of millions of Mexican-Americans in this country, but the guy who founded Chipotle and made billions dishing out Mexican fast food was this guy: http://i.bnet.com/blogs/steveells.jpg

ha

I'm having problems reconciling the idea that someone who fancies himself a patriot would willfully disinherit his children from their cultural heritage. Why does preparing for a globalized future always seem to necessitate abandoning traditional western culture in favor of other cultures? There has to be another way...

I totally concur that the majority of elite expatriate population spends their assignments in Singapore, however if the elite was truly included in investing in education for their children then they should move to Shanghai, Beijing, Tokyo or Hong Kong. I don't see Singaporean education as credible for teaching adequate Chinese or social skills, which is equally imperative.

The only benefit I suppose is that most Singaporean educations teaches British (Correct) English.

An alternative is to raise your child like this

http://animalnewyork.com/2011/07/catfight-on-the-l-baby-be-damned/

Might inspire more of us to move to Singapore...

The problem with Jim Rogers and others like him is that he has no loyalty to his group, unlike wealthy Jews, Chinese, Indians, Arabs etc.

What's killing white people is that our elites are either indifferent to or outright hostile to their own people. No other group has to deal with that.

[HS: Where did you get the idea that wealthy Jews have loyalty to other Jews? They don't.]

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