Why Jim Rogers and Others Glorify
the Red Dragon and Keep Missing the Point

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Tomorrow, my wife and I will celebrate our 12^th anniversary. We began dating in October 2005 and were married in September 2011. After nearly eighteen years together, in three years from now, we will have been together for 21 years. At that time I’ll be 42, which means that half of my life will have been spent with my wife.

It’s pretty incredible to meditate on the chain of events that led to us meeting. When I think about the harmony of our relationship and realize how lucky I am that we support each other in life, I remind myself that continuing to invest in this relationship, never taking it for granted, is the most productive action I can take.

In a relationship, when the two sides inspire each other to be creative and to advance and grow, the sky is the limit.

China’s government does not inspire any such behavior in its citizens. It oppresses and controls them, stems development and blocks innovation.

When it struggles, it does not trust its citizens and entrepreneurs to tackle the challenge. Instead, it restrains the use of its market from using what is needed to resolve problems, identify obstacles and overcome them.

It is a society that doesn’t cherish the right of the individual, and just like that which results in divorce, when one (husband or wife) feels shackled, so does it occur at a national level, producing unrest and degradation.

When Philippe De Girard, a French inventor, who lived during the time of the Napoleonic wars, came up with the idea of canning uncooked food in metal containers, then heating them up while sealed, an idea that has revolutionized the manner in which people eat up to the present day, France didn’t really respect ideas and innovation.

When one had a brilliant stroke of genius and wanted to write a patent for it, he’d submit the idea to the academic elite and they would compensate him, if they liked the idea.

Philippe’s idea was rejected by the French academy and he, just like all driven people, with the desire to better the world, moved where ideas were respected (today, it would be the USA, but then it was more practical to relocate to England).

The patent was then written by an Englishman, whose relationship with Girard is still a mystery… this man, credited with the patent, was Peter Durand.

He sold the patent to an industrialist that incorporated the first canning factory and sold his product to the royal navy.

The British could then store foods on their vessels for long periods of time, when malnutrition was the largest cause of death for sailors.

Britain’s fleet became the largest and most capable, thanks in large part to the ideas and commercialization of canned foods, leading to untold fortunes for the Brits and strengthening their empire.

The French government, not realizing their greatest asset was the untapped potential of its citizens, missed a golden opportunity. Today, the Chinese government is doing the same thing to 1.3bn people, left to grow on their own accord, and who would probably unleash incredible inventions if not suppressed.

China can never compete with the United States, which welcomes the entire world to showcase their skills – 8 billion people and counting, compared with a country that attempts to control and limit the brain power of their 1.3bn souls.

Ray Dalio, Jim Rogers and all other super-rich Americans, who cry that America’s best days are behind it, fail to truly grasp the enormity of the free enterprise system, which, for all its faults, is still the best known to man.

Best Regards,

Lior Gantz
President, WealthResearchGroup.com