Wednesday, April 8, 2020

Fake News: AFP Cites Soros-Financed ‘Rights Groups’ to Attack Hungarian Opposition to Billionaire’s Europe Migration Plan

by Aaron Klein, Breitbart:

NEW YORK — The global AFP news agency published an article claiming that “rights groups” on Friday “slammed” a national survey being conducted by the Hungarian government about billionaire George Soros and what Budapest describes as Soros’s plan for hundreds of thousands of foreign migrants per year to flood Europe.

AFP failed to inform readers that the only two “rights groups” cited in its article attacking the Soros questionnaire are themselves massively financed by Soros’s Open Society Foundations.

“Rights groups slam new Hungary ‘hate campaign,’” was the title of the Yahoo! News version of the article.

“Rights groups slam new Hungary ‘hate campaign’ against Soros,” was the title of the Times of Israel version.

News media outlets may chose their own titles for wire stories, but run the AFP version of the story text.

AFP reported:

Rights groups slammed on Friday Hungary’s new “national consultation” targeting George Soros and what Budapest says is the billionaire philanthropist’s intention to flood Europe with a million migrants per year.

The campaign, accompanied by a blitz of billboards and TV adverts, will from Sunday see the government send households questionnaires seeking opinions on this “Soros Plan.”

The so-called Soros Plan refers to a 2015 opinion piece the billionaire wrote for Foreign Policy magazine in which he advocated a seven-point course of action to deal with the migrant crisis. He advocated that the European Union make a “commitment to admit even just 300,000 refugees each year” and called for the EO to designate at least 30 billion euros per year to the effort.

AFP reported that the questionnaire inquires whether Hungarians support Soros ideas such as, in the language of one of the surveys, proposals to “dismantle (EU) border fences” and enact “milder criminal sentences” for illegal migrants.

One survey accuses Soros of working to “push the languages and cultures of Europe into the background” and “severely punish” any country that opposes mass migration amid the ongoing crisis.

AFP went on to cite exactly two so-called “rights” groups opposing the Soros survey – Human Rights Watch and Amnesty International:

Human Rights Watch said that the Hungarian government’s claims in its new “hate campaign” are “a very distorted half-truth, as Brussels is asking EU governments to resettle only 50,000 refugees over two years.”

The campaign will likely fuel a “hostile climate for civil society driven by campaigns to smear real and perceived government critics” and is to distract voters ahead of 2018 elections, HRW said.

Amnesty International’s Hungary director Julia Ivan called the campaign, which follows a similar one earlier this year, “absolutely absurd and unbelievable.”

AFP failed to inform readers of the massive Soros financing to both groups.

Discovering the Soros financing does not require serious investigative skills. AFP simply needed to type the keywords “Human Rights Watch” and “Open Society” into the Google search engine to find that the first page that comes up is a September 2010 Human Rights Watch press release posted on the group’s own website titled, “George Soros to Give $100 Million to Human Rights Watch.”

The press release touts the 10-year, $100 million grant as “the largest that he (Soros) has ever made to a nongovernmental organization.”

Similarly, typing “Amnesty International” and “Open Society” into the Google search engine brings up Open Society’s webpages documenting numerous major Soros grants to Amnesty International.

Breitbart News has featured a large number of stories documenting Soros’s financing of groups pushing open borders in Europe and worldwide, with specific focus on the use of the migrant crisis to achieve policy aims.

Read More @ Breitbart.com

This Is What Collapse Looks Like: ‘Roving Gangs Fight For Resources… Aid Workers Being Held At Gunpoint In Puerto Rico’

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by Mac Slavo, SHTFPlan:

What does it look like when the entire system around you collapses?

The fallout in Puerto Rico, which has left a devastating impact with no food on grocery store shelves or electricity to over three million people, gives us a glimpse:

As Daisy Luther of The Organic Prepper recently noted in What It’s Really Like After the SHTF, the situation with essential services and supplies is desperate and untenable:

  • Many homes were completely destroyed.
  • There is hardly any potable water.
  • Hospitals are struggling to keep people alive.
  • There isn’t much food.
  • There is little communication.
  • Help has been slow to arrive

In her widely popular guide The Prepper’s Blueprint, Tess Pennington of ReadyNutrition.com explains, with countless references to real-life events, how society and the system as we have come to know it can rapidly come to a standstill. Such disastrous aftermaths are, in fact, nothing new and have been repeated time and again throughout history:

Disasters have been going on for centuries and for someone to think they are untouchable is naive. Roughly 1{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of Americans are adequately prepared for a disaster. The other 99{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} – well it’s not so good for them. Since disasters tend to have a mind of their own and the capacity to cripple our normal way of life, we want to create a well-rounded approach to our preparedness efforts.

…Disasters do not discriminate. In the aftermath of the event, you will be on your own, left to provide for your family with the supplies and knowledge you have accrued. If you are prepared with the mental and spiritual foundation to overcome a disaster, then you will transition into survival mode more quickly.

What should be obvious from the images and stories we’re hearing from Puerto Rico is that something on the order of 99{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of the population and 99{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of the government were simply not prepared for a total breakdown of their way of life.

Read More @ SHTFPlan.co

LEFTIST TEACHER CELEBRATES “WHITE TRUMP SUPPORTERS” BEING KILLED IN LAS VEGAS MASSACRE

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by Paul Joseph Watson, Infowars:

Despicable reaction to America’s deadliest mass shooting ever

A leftist teacher celebrated the horrific massacre in Las Vegas because many of the victims are likely to have been “white Trump supporters”.

An anti-Trump activist with the Twitter name ‘Ann #TheResistance’ who is also a teacher reacted to the deadliest mass shooting in American history by tweeting, “Lots of white Trump supporters in Las Vegas at route 21 watching Jason aldean. Pray only Trumptards died! #prayforvegas.”

After the tweet began to go viral, the user deleted it and then wiped her entire account.

“Very disturbing that this woman is a teacher,” commented the Columbia Bugle. “Tragic that a woman as sick as her is teaching young minds.”

Other leftists wasted no time in hijacking the tragedy to push for gun control, with the hashtag #GunControlNow trending on Twitter and Piers Morgan attempting to collectively impugn white men.

Read More @ Infowars.com

Are There Right-Wing Snowflakes Now?

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by Chris Rossini, Ron Paul Liberty Report:

The “snowflake” moniker is often used to refer to people who are easily offended by just about everything. Unable to accept or acknowledge free will, these “snowflakes” attempt to use bully tactics and even government legislation to try to force people to think and act in a certain way.

It’s more of an annoyance than anything else. Free will still reigns supreme. No amount of legislation can change that. We’re all still naturally free to form our own opinions and act on them.

While the “snowflake” designation has usually been reserved for people on the left-side of the political spectrum, we may be seeing the emergence of “snowflakes” on the right as well.

Apparently, many people on the right are offended by athletes (or anyone else) not standing up in front of the American flag while the national anthem is playing. Unable to acknowledge free will, they attempt to use bully tactics to try to force people to act a certain way.

Are there right-wing “snowflakes” now?

Notice that both sides are primarily concerned about the thoughts and opinions of others. They can’t mind their own business.

Snowflakes see themselves as definers.

They’ll tell you what things mean.

On the Left, they’ll define what is “beautiful,” and you have to make your opinion match it. If your opinion doesn’t match it, they’ll call you some derogatory name. (They have a million of them).

On the Right, they are to define what the flag means, and you have to make your opinion match it.

If they say that the flag stands for “freedom,” you don’t have the freedom to think otherwise. 

Those of us who advocate liberty and peace have no use for bully tactics and legislation. Everyone is free to form their own opinions without punishment.

If you think that something or someone is beautiful, then it’s obviously beautiful to you. No one has a right to tell you otherwise, or force you to think otherwise.

If you love the American flag, hate the flag, or couldn’t care less one way or another, that opinion is your own.

You’re not a robot that needs to be programmed to love it, to hate it, oreven care.

For advocates of liberty, one idea reigns supreme: Don’t use aggressive force against anyone. Force is only justified and moral when used in self-defense to repel an aggressor.

Advocates of liberty are not “snowflakes” in any sense of word.

Read More @ RonPaulLibertyReport.com

Jim Rogers Tells ETF-Holders “The Next Bear Will Be Horrendous”

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from ZeroHedge:

Legendary investor Jim Rogers, who in 1973 founded the Quantum Funds, a prominent family of hedge funds, with then-unknown Hungarian-born financier named George Soros, joined RealVision’s Steve Diggle for a wide-ranging interview where the legendary financier, who moved to Singapore in 2007 with his family because he wanted his children to be immersed in Asian culture, discusses his views on gold, bitcoin, and what makes a good investor – along with his belief that a major correction in financial markets is about to begin.

The interview, which was filmed two weeks ago in Singapore, begins with a discussion of a theme in finance that’s been at the forefront of discussions about the market outlook. Many investors believe that, with volatility at record lows and valuations at record highs, a major shock is imminent. However, these same investors have been burned by uncooperative markets, as an expected selloff has yet to materialize.

Rogers said he stumbled into his first job on Wall Street, but ended up falling in love with it because it allowed him to “follow the world and know about things.”

He added that, over his investing career, Roger’s has learned that he has a tendency for his calls to be early. So now when he makes an investment decision, he waits six months before buying.

SD: How do you know the difference between being early and being wrong? Because –

JR: You teach me that, OK? I’d like to know. I’m still trying to learn.

SD: I really don’t know, either. I mean, one of the things that has confounded, I think, all of us in this most recent unprecedented rally – I mean, it’s not unprecedented in history, but the sort of things that have gone up and the level of volatility we’ve had that’s been unprecedented. The only period that I can compare it to are the late 90s, where just everything in a certain area went up. Now it was almost– at least in the States, it’s almost everything across the board. And there have been plenty of people who’ve wanted to short the FANGs, to short some of the tech stocks, to short some of these very expensive blue chips. And they’ve been very badly punched.

And then even in the face of very good mutual fund investors, people with tremendous track records like Grantham Mayo, who have moved to a higher cash position – they’ve seen massive reductions, because their own investors don’t seem inclined to stick around and see how it plays out. So both on a personal and professional level, being early seems to be incredibly painful and destructive to your business.

JR: Sure can.

SD: So if you’ve got a conviction, do you wait for a change in momentum? Do you use moving averages, which is something that I know people have been used, and I’ve used something myself, which is to wait until the 5 and 20-day diverge, and that gives you a signal that momentum’s coming out of a trade? Or do you just need to size it to a degree which you can be persistent?

JR: Well, I usually – since I know I’m always early, I make a decision and then wait, and just make myself wait a month, six months, whatever it happens to be. And I’m still too early. I’m still too early nearly always, because I make the decision too soon, I realize. So maybe I better start making the decision later in life. Sometimes, you just have to throw in the towel. Especially on the short side, you have no choice. If they’re just racing against you all the time, you can sit there and meet the margin calls all day long, but one of the old adages is, never beat a margin call, which you may have heard from old-time traders. If you’ve got a margin call, just don’t meet it, because that means something is very seriously wrong.

SD: Right, that’s your stop loss.

JR: Yeah, well, stop losses are usually before a margin call comes. But I want to go back to something you said. You’re not as experienced as I am, obviously, because you’re not as old as I am, is what I’m saying. But I remember in the early 70s, there was something called the Nifty 50, and they were 50 stocks that everybody – the JP Morgan bought everyday. Didn’t matter. Avon, Xerox, IBM – they were stocks that always were eternal growth stocks.

And they just kept – we would short them, and they just kept going up. They never stopped. Polaroid– that was another. And they just never stopped going up. Everything else stopped going up but those Nifty 50, which would be something like the FANGs today, or maybe in the late 90s, some of the other kinds of stocks. So this has happened before in market history. They eventually crack, there’s no question.

And to today, if you look at the S&P 500, for instance, in the US, I think there are only 40 or 45 stocks that are above their 50-day moving average, to use technician’s kind of talk. Everything else is in a downtrend. And yet the market is making all-time highs.

SD: And so there’s a lack of breadth in the market.

JR: Definitely that lack of breadth. What is that – over 90{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of the stocks are in downtrends. 10{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} are in uptrends, but they’re big companies. And since the S&P is capitalization weighted, those 50 stocks, 40 stocks, whatever it is, dragged the average to all-time highs.

Read More @ ZeroHedge.com

Optics for your Rifle: Cover All the Basics

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by Jeremiah Johnson, Ready Nutrition:

ReadyNutrition Guys and Gals, prior to hunting season and/or disaster, those rifles of yours need to be ready to go…cleaned and in peak operating condition.  Thinking of the rifle as an extension of yourself is a good rule to follow that will keep you on your toes regarding maintenance and maintaining skills.  This piece is not intended to recommend any particular type of optic, as needs are widely varied in terms of rifles used and the tasks those rifles are intended to perform.  For a “Happy Family Scope Primer,” talk to a salesman at Cabela’s or some other big-box store selling the equipment.

This piece is designed to place emphasis on one of the concepts I’ve been trying to hammer home in almost every article: Master the “primitive” before you employ the technological.

Your first emphasis should be on iron sights and Kentucky windage.  You must be able to hit your target without optics.  OK, you have a perfectly-zeroed scope.  What if it breaks off its mount or one of the objectives shatters?  Oops, can you wait for Mr. Bad-Guy, so that I can aim?  How about an EMP (Electromagnetic Pulse), and suddenly that $10-grand thermal image optical “dancer” on top of your weapon becomes a paperweight…what then?

Hopefully (in that regard) you listened to my advice and bought a second one and clapped it into a Faraday cage just for that event.  Either way, you will need that iron sight for a time…until that Carrington Effect wears off.  Same precautions need to be followed regarding your Red Dot sights and any laser sights or lights you may be employing.

Work with your rifle for at least a week or two with the iron sights.  Learn how to adjust them (if they’re adjustable) and how to estimate your ranges.  Find your optimal range to hit that target…the range you are comfortable with.  It will vary with age, eye-strength, experience, and natural shooting ability.  For example, one man may have an easy time with a man-sized target at 100 meters (300 feet), whereas a second man engages it effectively at 50 meters.  This is not to make any judgments on either man, but to emphasize a point: know your abilities and your limitations.  In this manner, you will be more effective.

Standard scopes with non-electrical/laser objectives (just lenses in a tube!) vary in quality and price.  Stick with this motto: Cheap you buy, cheap you get.  Although not perfect grammatically, it emphasizes the point clearly.  Quality in terms of durability, lens clarity and craftsmanship, and simplicity of function are things to seek after.  Take the time to really test out the scope.  The “gun salesman” is out to make bottom line and commission by selling guns and accessories.  Every scope is good… yada, yada.  Want to make a good selection?

Find someone with military experience as a sniper and ask this individual to either make a recommendation or go with you to pick up a good scope that fits your weapon’s needs.  Give ‘em the standard: “Thank you for your service.”  Great.  Then pay him to show you the knowledge that he earned…at a price.

It is a life or death decision, and if it’s not in your mind?  You better make it so.  If it’s hunting, it’s to provide meat for your table and your family.  You can’t get more life or death than that…except for defense.  When the goon is coming up the driveway with a pistol after the EMP strikes…you need to drop him before he ever reaches the door.

Once you have the scope, zero it properly.  You will have to set goals for yourself.  You will have to invest the time and the ammo.  Save your brass, reload, and determine your needs with the proper ballistics and bullet tables.  That scope…once it’s mounted, it needs to not move.  A boresight laser is invaluable: not so much for zeroing, but for confirming your zero and that you’re still “on” if you move the weapon or touch it.  Every time you touch that scope, you’ll have to re-zero it or re-confirm the zero.  Now, there are a ton of durable scopes and mounts that need minimal work in these departments.  It’s up to you to find them for your weapon and apply them.

Then, to the high-tech stuff.  As I said, you can invest tens of thousands in this department.  For those of you who think I just visit the “Dollar Tree,” think again: that was recommended for those who simply cannot afford to purchase the best equipment.  I give you my stance on scopes in a nutshell: only the best will suffice, in all departments as merits a professional soldier.  Rest assured, my optics are the best, and following OPSEC, I will not reveal to you what I have.

Read More @ ReadyNutrition.com

16 Horrific Scenes That Prove All Hell Is Breaking Loose in Spain

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by Aaron Nelson, The Anti Media:

At least 700 people attempting to vote were injured on Sunday by Spanish police, who were attempting to prevent Catalonia’s independence referendum.

The violent clashes between Catalans and the Spanish police have led to the injuries of 216 people in Barcelona, 80 in Girona, 64 in Lleida, 53 in Terres de l’Ebre, 27 in Catalunya central, and 25 in Tarragona, according to the Catalan health ministry. Spanish police have gone so far as to physicallyattack Catalan firefighters and push back against Catalan police attempting to protect voters.

While many Catalans were able to successfully cast their ballots in the referendum, which was declared illegal by Spanish authorities, police violently prevented hundreds from voting for independence. Barcelona’s mayor is now calling for the Spanish prime minister to resign amid the violence and chaos. Jeremy Corbyn is calling on the Spanish government to end its “shocking” violence against Catalans who are simply trying to vote.

The Catalan government has announced that voting will end at 8pm Spanish time, except for people who are already in line at a polling station. Following the police crackdown, Spain’s prime minister Mariano Rajoy declared during a television address that there actually was no independence vote in Catalonia on Sunday. 

“At this time I can tell you, with full clarity, what you all know and what we have seen today,’ he said.

“Today, we have not had a referendum for self-determination in Catalonia.

“Today, all the Spaniards have seen that our state rule of law keeps its strength and reality, and restricts those who wish to subvert the state of law, and acts with all the legal resources, vis a vis all provocations, and does it with efficacy and in a serene way.”

Here are 16 scenes that show Spanish police violently preventing Catalans from voting in the independence referendum:

Read More @ TheAntiMedia.com

The Globalists Are Systematically Destroying America’s Middle Class

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by Michael Snyder, The Economic Collapse Blog:

When people are dependent on the government they are much easier to control.  We are often told that we are not “compassionate” when we object to the endless expansion of government social programs, but that is not how the debate should be framed.  In America today, well over 100 million people receive money from the federal government each month, and the number of Americans that are truly financially independent is continually shrinking.  In fact, only 25 percent of all Americans have more than $10,000 in savings right now according to one survey.  If we eventually get to the point where virtually all of us are dependent on the government for our continued existence, that would give the globalists a very powerful tool of control.  In the end, they want as many of us dependent on the government as possible, because those that are dependent on the government are a lot less likely to fight against their agenda.

Back in 1992, the bottom 90 percent of American income earners brought in more than 60 percent of the country’s income.  But last year that figure slipped to just 49.7 percent.  The wealth of our society is increasingly being concentrated at the very top, and the middle class is steadily being eroded.  Surveys have found that somewhere around two-thirds of the country is living paycheck to paycheck at least part of the time, and so living on the edge has become a way of life for most Americans.

Earlier today, I came across a Business Insider article that was bemoaning the fact that the U.S. economy seems to be rather directionless at this point…

  • We do not have a real plan for health care, and costs continue to gobble up American wages.
  • We do not have a plan for dealing with globalization and economic change, but that change continues to shape our economy.
  • We don’t have a plan to update our decrepit infrastructure.
  • The one plan we did have — the Federal Reserve’s post-financial crisis program — is about to be unwound, marking the end of the last clear, executable plan to bolster America’s economy.

Ultimately, the truth is that we don’t actually need some sort of “central plan” for our economy.  We are supposed to be a free market system that is not guided and directed by central planners, but many Americans don’t even understand the benefits of free market capitalism anymore.

However, that Business Insider article did make a great point about globalization.   Most people don’t realize that our economy is slowly but surely being integrated into a global economic system.   This is really bad for American workers, because now they are being merged into a global labor pool in which they must compete directly for jobs with workers in other countries where it is legal to pay slave labor wages.

Even down in Mexico, many autoworkers are only making $2.25 an hour

Most of the workers at the new Audi factory in the state of Puebla, inaugurated in 2016 and assembling the Audi Q4 SUV, which carries a sticker price in the US of over $40,000 for base versions, make $2.25 an hour, according to the Union.

Volkswagen, which owns Audi, started building Beetles in Puebla in 1967 and has since created a vast manufacturing empire in Mexico, with vehicles built for consumers in Mexico, the US, Canada, and Latin American markets.

Volkswagen, Ford, GM, or any of the global automakers, which can manufacture just about anywhere in the world, always search for cheap labor to maximize the bottom line.

Would you want to work for $2.25 an hour?

Over time, millions of good paying jobs have been leaving high wage countries and have been going to low wage countries.  The United States has lost more than 70,000 manufacturing facilities since China joined the WTO, and this is one of the biggest factors that has eroded the middle class.

In a desperate attempt to maintain our standard of living, we have gone into increasing amounts of debt.  Of course our federal government is now 20 trillion dollars in debt, but on an individual level we are doing the same thing.  Today, American consumers are over 12 trillion dollars in debt, and it gets worse with each passing day.

The borrower is the servant of the lender, and most Americans have become debt slaves at this point.  This is something that Paul Craig Roberts commented on recently

Americans carry on by accumulating debt and becoming debt slaves. Many can only make the minimum payment on their credit card and thus accumulate debt. The Federal Reserve’s policy has exploded the prices of financial assets. The result is that the bulk of the population lacks discretionary income, and those with financial assets are wealthy until values adjust to reality.

As an economist I cannot identify in history any economy whose affairs have been so badly managed and prospects so severely damaged as the economy of the United States of America. In the short/intermediate run policies that damage the prospects for the American work force benefit what is called the One Percent as jobs offshoring reduces corporate costs and financialization transfers remaining discretionary income in interest and fees to the financial sector. But as consumer discretionary incomes disappear and debt burdens rise, aggregate demand falters, and there is nothing left to drive the economy.

This debt-based system continuously funnels wealth toward the very top of the pyramid, because it is the people at the very top that hold all of the debts.

Each year it gets worse, and most Americans would be absolutely stunned to hear that the top one percent now control 38.6 percent of all wealth in the United States…

The richest 1{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of families controlled a record-high 38.6{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of the country’s wealth in 2016, according to a Federal Reserve report published on Wednesday.

That’s nearly twice as much as the bottom 90{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}, which has seen its slice of the pie continue to shrink.

The bottom 90{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of families now hold just 22.8{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of the wealth, down from about one-third in 1989 when the Fed started tracking this measure.

So how do we fix this?

Read More @ TheEconomicCollapseBlog.com

LAS VEGAS MASS SHOOTING EYEWITNESS: CRAZY WOMEN WARNED CONCERT GOERS THAT EVERYONE WAS GOING TO DIE 45 MINUTES BEFORE SHOOTING

by Alex Thomas, The Daily Sheeple:

In yet another startling revelation in a night full of pure craziness, an eyewitness to the shooting in Las Vegas that left at least 20 people dead and over 100 injured has claimed that a women pushed her way to the front of the concert 45 mins before the actual shooting and threatened everyone around that they would soon be dead.

“So there was a lady who pushed her way forward into the first row and she started messing with another lady. She told us we were all going to die tonight – it was about forty five minutes before the shots were fired,” stated the witness.

Read More @ TheDailySheeple.com

OPINION: Jim Rogers notices what no-one else is noticing

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from The Independent Media:

JOHANNESBURG – Step away from the crowd, look, see what no-one else is noticing – and that is where you can find what everyone is searching for.

This is Jim Rogers’ key to success. He should know, he is a US dollar billionaire, one of the world’s foremost financial analysts and commentators and an author.

Rogers is increasingly bullish about investing across Africa and emerging markets.

Rogers, 74, has investments in many countries. One of his most recent is into a Hong Kong-listed coal mine in Indonesia.

He was scoffed at, while the rest of the world is moving away from fossil-fuels, that one of the world’s most savvy investment seers had bought into a coal mine.

In typical Rogers fashion, he had his finger on the pulse. His reckoning is that there will still be a need for coal.

It will take many decades for the world to run completely on renewable energy. He is also on record saying that he invests in “good coal” which is less harmful.

In an interview with the South China Morning Post, owned by Jack Ma, founder and executive chairperson of Alibaba Group, he is quoted as saying coal has a potential upside in the age of clean energy.

“All coal is bad to the public and to the press, which is not correct,” he said. “All coal can be clean, even though it may be expensive you put in the time, effort and money to make it better.”

Rogers graduated from Yale, with a BA in history and a degree in philosophy, politics and economics from Oxford University. He and one of the world’s most wealthiest men, George Soros, co-founded the Quantum Fund in 1970. They worked together for a decade, making sure the fund’s value increased by 40 times.

Rogers was 37, very wealthy and adventurous. He took a sabbatical, donned a motorcycle helmet and travelled the world.

Prediction

Trailblazing, as usual, he sold up in New York more than a decade ago and moved his wife and two daughters to Singapore.

The move was partly driven by the prediction that China will be the most powerful country in the world this century. When taken together, China’s gross domestic product and Purchasing Power Parity is greater than the US.

His move was confirmation in his belief in the rise of Asia as an economic giant. But his investments stretch beyond Asia, reaching into Africa.

He believes that Africa is the next growth story. In a telephonic interview, Rogers said there were many investment opportunities in Africa.

His first investment into the continent was during the seventies, when economies started opening up.

“Millions of Africans did not have bank accounts, so I invested in the banking sector,” he said.

Subsequently he invested in mines and a range of different industries.

He has a proviso, he only invests in publicly traded companies, and prefers companies started by gutsy-entrepreneurs.

How has he been finding his most recent investment opportunities? Sometimes entrepreneurs find him. For others he surfs the internet.

“I find the most successful entrepreneurs and make them offers. I find them, because they are increasingly visible because of the Internet.”

Rogers recently invested in a small mutual fund in Zimbabwe.

“There are 54 countries in Africa, there are always investment opportunities.”

He is excited at the immense opportunities in many sectors, which goes beyond mining and finance.

He has set his sights on the tourism and agricultural sectors, but is open to any other investment opportunity.

African tourism has a great future, he says. Many people from Asia are excited to visit Africa, after decades of fear.

Read More @ iol.co.za