Croatia Investment

Jim Rogers

Ecce Euro


As we all know, the first stage of our journey around the world-was Iceland, where we met our first adventure.

On our tour of the island we encountered a snowstorm and had to turn back to civilization. On our way we met one of the squads relief official Icelandic, save us from our carelessness. A day or two later, after the storm cleared, we set off again, this time with the rescue team with us, that Icelanders are too friendly for passengers to put themselves in danger in their countries. Ironically, however, is that we have had to rescue the rescue team when their four-wheeler left the road and became stuck in a snowbank.

The hybrid car that we conduct a cross between a convertible and a sport utility vehicle works well. As we suspected, it causes crowds wherever we go, too, actually. Although it is good that it starts many conversations, I fear that some envious clown will make trouble.

So far during this trip e-mail was a godsend. I understand that in the States 4 trillion e-mails are sent every year, a huge market, more than 100 billion pieces of first class mail. This trip showed us a large untapped market for some smart entrepreneurs. Towards entangled in the net, I often make a long distance call to my ISP back to the states, as is too difficult to find an ISP that we travel. With everyone is traveling these days, I can not understand why some brilliant phone company did not create a world-wide ISP to serve these people.

Here in Europe we get a firsthand taste of the attitudes of Europeans to the newly formed euro, which seem uniformly positive. The prices are often presented to us in both local currency and euro even though the bills or coins do not exist yet and will not exist for three more years. As a consumer, you are only able to use euros with a check or credit card. So you can pay your bill Macy's credit card in euros, but you can not use the euro to buy a pint in an Irish pub or a sandwich in a bistro in Paris. Bills and coins are expected to arrive June 30, 2002, but the Europeans' response to the formation of the euro has been so enthusiastic that we are talking about crank the beginning of printing presses. It is often noted that 30% of world trade is denominated in euros. Whatever the level of enthusiasm, it will take months and years to pay vending machines and coin slots telephone and petrol pumps to the new notes and coins.

My contrary nature was created to alert its entirety by all this enthusiasm. Very few companies in the People never fail to stumble over their own feet. That is, such ideas may or may not work for the creation, but such enthusiasm encourages authors to exaggerate their part, inviting disaster. In particular, European managers are not integrated into their organizational structures of sounds through the manipulation of nationalist impulses caused by economic problems and financial turmoil. For example, the Germans will pay for bank errors of Spain? I do not think so. I think if a Spanish bank fails, the Spanish government will force a merger or nationalization of the bank, but nothing here that says that this is how the crisis is resolved. Despite this, the concept of the euro seems to be sinking in Europeans and makes me think the euro will continue for some time. However, there is a long way to go. As a trivial example of the continuing fragmentation of Europe, even today, you can not rent a car in Dublin and file it in London on the distance from New York to Boston.

It is important not to forget the bigger picture, and I & #.