Bullish on China long term growth

In general, I don't like to buy China except when it collapses. 

The last time I bought China in any significant way was in October, November of 2008. But if and when the market falls, I'll buy. 

I've read all those skeptical stories about China for many years, and so far they haven't come true. 

Jim Rogers likes Russia, Myanmar markets

I was pessimistic about Russia for 46 years, and I think it's becoming the second most-hated market in the world, after Argentina. But I see positive changes taking place, so I'm looking. I bought a few shares of an index, and a few shares of Aeroflot because I see positive changes taking place in airlines. 

I also like Myanmar. There aren't many stocks you can buy there, and they're just building a stock market. But Nok Airlines is a regional airline making inroads there. In the long run I'm excited about Myanmar.

How to invest in agriculture ?

There are many ways to invest in agriculture. Below Jim Rogers talks in a recent Barrons interview on how one could invest in this promising sector.

"Buy shares in farms, farm equipment, fertilizer and seed companies that trade on exchanges around the world. Stock markets in agriculture-producing countries should do better than those in agriculture-importing ones. Retailers, restaurants, banks in agricultural areas will do well. Buy a vacation home on a lake in Iowa, not Massachusetts. And there are listed indexes like the RJA or the RGRA. [The RJA, or Elements Rogers Agriculture Total Return exchange-traded note, tracks the Rogers International Commodity Index, which Rogers designed. The RGRA is the RBS Rogers Enhanced Agriculture ETN]."

Jim Rogers short India and Turkey markets

I've been shorting some emerging markets like India and Turkey. It's [India] a hopelessly managed place. Countries like India, Turkey, Indonesia that have big balance-of-trade deficits could easily finance things when there's all this free money. But when people realize there won't always be this artificial liquidity, then there'll be problems.

Is agriculture a good investment right now ?

I think agriculture is going to be one of the best investments over the next few decades. The world has consumed more than it has produced for much of the last decade, so inventories are near historic lows. The average farmer is 58 in the U.S. and Australia, 66 in Japan. Old farmers are dying or retiring, and young people aren't going into agriculture. 

Young Americans go into PR, not agriculture. Prices have to go much higher to attract labor, management, capital or we're not going to have enough food in the long run.

US government lies about inflation

We have inflation in India, China, Norway, Australia, everywhere but the U.S. Bureau of Labor Statistics.

I'm telling you they're lying. Go to a restaurant in New York, or a grocery store, and tell me that there's no inflation. Look here: In 2001, it cost $9 to go to the top of the Empire State Building. Now it's $44 to go to the top. The Museum of Modern Art in 2001 was $10, now it's $25. A cab from Kennedy airport to Manhattan in 2001 was $30 plus tolls. Now it starts at $52.