Is the current financial crisis a tipping point, with developed nations losing their status as financial centers and Asian centers taking over?

Yes, definitely. This is a period that we will look back on and say, “Oh, yes, that’s when it all really changed.”

The money now is in Asia. The largest creditor nations in the world are China, Japan, South Korea, Taiwan, Singapore, and Saudi Arabia. Forty years ago none were in Asia. Experience tells us that; money is not dumb. It goes where the money already is; everybody follows the money. That’s why New York became the world’s financial center: because America had the money, the balance of trade, the reserves, and the economy. But America doesn’t have the money any more and nor does the United Kingdom.

Jim Rogers and Marc Faber will be Live at the Vince Stanzione Global Financial Trading Day 19th March 2010 for details go to www.traders2010.co.uk