Unfortunately America seems to have really bungled this whole thing very badly. As you know, they’ve tried to instigate a coup in Ukraine against an elected government, and they did that somewhat successfully, but then they didn’t think through the consequences. Mr. Putin seems to have outsmarted us, Putin now is in control of Crimea, which Russians have controlled for many decades, so that’s not so unusual – what’s unusual is that America didn’t think through what they were doing, they seem to just react on a day-to-day basis, so now… Crimea is part of Russia, the Russians have more and more allies in Asia.
I’m afraid America just didn’t think it through, they’ve bungled, they’ve acted on a day-to-day basis, and they’ve reacted to events instead of looking to the future and controlling events. Mr. Putin seems to have outsmarted Mr. Obama.
Jim Rogers is a smart investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.
