Jim Rogers The Next global recession will be worse than 2008

Legendary global investor Jim Rogers tells Reuters Insider the global economy is on the verge of another recession and this one will be even more painful than the last.

From Wikipedia:

In December 2007, Rogers sold his mansion in New York City for about 16 million USD and moved to Singapore. Rogers claimed that he moved because now is a ground-breaking time for investment potential in Asian markets. Rogers’s first daughter is now being tutored in Mandarin to prepare her for the future. He is quoted as saying: “If you were smart in 1807 you moved to London, if you were smart in 1907 you moved to New York City, and if you are smart in 2007 you move to Asia.”

In a CNBC interview with Maria Bartiromo broadcast on May 5, 2008, Rogers said that people in China are extremely motivated and driven, and he wants to be in that type of environment, so his daughters are motivated and driven. He also stated that this is how America and Europe used to be. He chose not to move to Chinese cities like Hong Kong or Shanghai due to the high levels of pollution causing potential health problems for his family; hence, he chose Singapore.

He has also advocated investing in certain smaller Asian frontier markets such as Sri Lanka and Cambodia, and currently serves as an Advisor to Leopard Capital’s Leopard Sri Lanka Fund. However, he is not fully bullish on all Asian nations, as he remains skeptical of India’s future – “India as we know it will not survive another 30 or 40 years”. In 2008 Rogers endorsed Ron Paul for President of the United States.

Rogers has two daughters with Paige Parker. Hilton Augusta (nicknamed Happy) was born in 2003, and their second daughter Beeland Anderson in 2008. His latest book, A Gift To My Children, contains lessons in life for his daughters as well as investment advice and was published in 2009.

On November 4, 2010, at Oxford University’s Balliol College, he urged students to scrap career plans for Wall Street or the City, London’s financial district, and to study agriculture and mining instead. “The power is shifting again from the financial centers to the producers of real goods. The place to be is in commodities, raw materials, natural resources.”

In February 2011 Rogers announced that he has started a new index fund which focuses on “the top companies in agriculture, mining, metals and energy sectors as well as those in the alternative energy space including solar, wind and hydro.” The index is called The Rogers Global Resources Equity Index and according to Rogers, only the best and most liquid companies go into the index.

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Jetman Flight

In May 2011, Jetman achieved a beautiful and memorable flight of the Grand Canyon in Arizona, USA… and here’s the official souvenir video!

This article is from the Jetman website. 

PROJECT

The Swiss pilot Yves Rossy became in 2006 the first and only flying man in a wing of jet aviation history, and still is today.

Yves Rossy was born August 27, 1959 in Switzerland. He chose his career at age 13 after an air show after watching the military jets, ended his military pilot training successfully, and fly first on Hunter and Mirage III. After his career with the Air Force, he became a captain on Boeing and Airbus in Swiss International Air Lines.

Yves has always spent his spare time flying in all its forms. But his dream is to fly the most natural way possible, dispensing with the complex structure that is a plane. So he turned to the world of skydiving, and experiences all that can allow it to turn a drop in flights: skysurf, wingsuit. Still unsatisfied, he began developing his first real wing, with a harness and rigid inflatable panels, it attached to his back to outperform all other attempts to “fall forward” existing today .

The next step was naturally to gain complete freedom by making the entire wing and adding a hard drive. Yves chosen for model reactors, two at the beginning that allow it to just maintain altitude in 2005 and 4 to finally conquer the third dimension in 2006 – not in a confined space with mechanical controls and instruments, but really flying like a bird for 10 minutes per flight, with only his body and its sensations, as if the wing was a natural part of his body so that he does feel more in flight. Finally, it is the reward of 10 years of development and over 15 prototypes. The only auxiliary elements he uses are an altimeter for Security and a small throttle in hand.

Since then, Yves Rossy trains tirelessly in order to optimize the behavior and performance of its wing. This work is first formalized in May 2008 when performing in front of the media around the world its first official demonstration in the Swiss Alps.

September 26, 2008, 99 years after the first Channel crossing by air, the man we know now as the JETMAN follows in the footsteps of Louis Bleriot, a historic flight to broadcast live in 165 countries and which the press has widely reported around the world. Yves Rossy came into the legend … even if all substantive work is really just beginning, opening the door to a world of adventure and excitement for him and his fans!

Since then he has developed a whole new wing shape greatly improving stability and control, providing the first demonstration of formation flying and aerobatics in 2010!

HISTORY

For several decades, Yves Rossy attempts to replicate the flight of the bird, with minimal instrumentation, but the power to move in space.

After prototypes skysurf (1993-1998), the wingsuit and inflatable wings (1999-2003), he got the idea of ​​a motorized wing through reactor models. In 2003, Jet-Cat provides the pilot with Swiss reactors is first mounted on an inflatable wing. It failed, for reasons of lack of rigidity.

In 2004, Yves Rossy has developed a deployable rigid wing with 3 m wingspan carbon kevlar. The beginnings are difficult but promising. The pilot is working to improve the stability of its prototype.

In 2005, he managed two flights a wing equipped with two reactors. It will take a long year and the addition of two additional reactors for the wing becomes sufficiently efficient and reliable. The prototype four reactors, led only with body movements, allow steady climbing flight. This will be the flight in November 2006 in Bex, a daydream of 5’40.

Since then, Yves Rossy trains tirelessly in order to optimize his wing.

A new prototype, smaller and more powerful, is under construction. This should allow the takeoff from the ground, and more freedom to perform tricks!

 THE NUMBERS

DIMENSIONS
Span 2 m
WEIGHT
With gasoline and smoke 55 kg
A dry 30 kg
REACTORS
Type 4 Jet-Cat P200 22 kg of thrust each, starting automatically stabilized at idle in 25 seconds
Fuel Type Mixture of kerosene and 5% turbine oil for lubrication
Amount 30 L.
PERFORMANCE
Speed
– Average 200 km / h
– The rise 180 km / h
– The descent 300 km / h
Rise 330 m / min to 180 km / h
Flight Time 10 minutes
SAFETY
Parachute Parachutes de France “A Legend”
Veil PD Spectra 230
Harness System with releasable cutter engine and automatic opening of the parachute recovery of the wing

Video uploaded by U Tube user   

Jetman Website