JIM ROGERS THE POUND

Jim Rogers went to Balliol so he can’t be all bad.

But last week he told the world that sterling was finished, to sell the pound and that Britain was bankrupt.

It was all rather depressing.

Especially as Jim’s an exceeding rich and successful person and a one time colleague of George Soros.

So he should know.

Yet apparently this is the man who told us a couple of years ago to invest in Zimbabwe.

This piece of news about him cheered me enormously.

Britain is not finished but some of its aspirations are and thank heavens for that.

1. We are not a Premier League country any more.
2. Britain sounds great without the Great
3. Can we stop giving our money away to Overseas Development – we don’t have much left
4. Can we have a sensible conversation about the Olympics?
5. Can we invest in a 21st century manufacturing/innovation economy?
6. Can we stop trying to keep the terminally ill companies alive that have no future?
7. Can we get an SAS economic squad together to resuscitate the ones in peril that we need to keep by taking smart people out of retirement if necessary to help them?
8. And can we stop paying stupid fees to advisers? I heard about a consulting firm who claimed they had to charge large fees as their overheads were so high. Ironically their first name is “Price”.

Britain will be fine.

All it needs is for us to be resourceful, innovative and energetic and – this is the real key – stop listening to the doom mongers….Jim Rogers is wrong (again).