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By Jim Rogers

From Publishers Weekly

Financier Rogers retired at 37 and motorcycled worldwide, turning the journey into the booklet funding Biker, a hybrid of industrial suggestion and travelogue. That trip, even if, did not squelch his wanderlust. rather than having fun with his sedate lifestyles instructing finance, Rogers determined to take his fiancée and a souped-up Mercedes on a frighteningly excessive highway journey: 3 years, 116 international locations and 152,000 miles. just like the automobile that plowed via snow, dust, sand and highways on each continent, Rogers's memoir of the adventure is its personal breed. even if Rogers writes, a long way too in short, of life-changing occasions like getting married and listening to of his father's dying, the booklet has an unusual point of detachment. additionally, even supposing Rogers stocks funding suggestion and observations in regards to the planet's political economies, his strategies are too normal to function company classes. the result's an event story with out middle and a finance e-book with no enamel. Rogers attempts to make up for this via describing reviews like consuming fried silkworms and gazing prostitutes stuck within the world's intercourse exchange. mostly, even though, he chronicles prosaic information, like taking automobile ferries and chatting with border guards, after which riffs on politics, funds, immigration and tradition.
Copyright 2003 Reed company details, Inc.

From Booklist

Rogers, a Wall road luck tale who has been referred to as "The Indiana Jones of Finance," as soon as rotated the planet on a motorbike, which landed him within the Guinness ebook of global documents and ended in his first ebook, funding Biker (1994). In 1999 he set out on one other world-record force worldwide in a custom-built yellow Mercedes convertible together with his fiancee, Paige Parker. beginning out in Iceland, the journey took 3 years and encompassed 116 nations, lots of that are infrequently visited, in a continual swath throughout Europe, the previous Soviet Republic, China, Africa, the center East, and the Americas. nobody had ever pushed overland following those routes, a complete of 152,000 miles, one other Guinness international list. Rogers' insightful statement at the political and historic topography of those diversified nations cuts via stereotypes to provide us a glimpse of the realm how it relatively is, for higher or worse. this can be a gutsy travelogue experience from a man who shoots directly from the hip, and it particularly hits the mark. David Siegfried
Copyright © American Library organization. All rights reserved

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Within the Nineteen Fifties and ’60s, while Ghana, Nigeria, and Gambia won their independence, the British pretty well simply pulled out and left, leaving the hot governments to fend for themselves. every one shaped its personal vital financial institution and published its personal foreign money. French colonies, comparable to the Ivory Coast, against this, nonetheless maintained robust connections to France. In each urban we visited in French colonial Africa, the French effect used to be particularly obvious. We met many French businessmen, walked by way of French armed forces at the streets, ate in excellent French eating places, and acquired fine quality French wines and cheeses. In bookstores, simply as you'll be able to in France, lets purchase maps of the realm that spotlight “French-speaking” nations, the sort utilized in French colleges world wide. The French persevered to play a hand in neighborhood politics, yet, much more vital, the fourteen former French colonies in Africa used the “franc de los angeles Communauté Financière Africaine,” or CFA franc, as foreign money. Tied to the French franc at a few hundred of the latter (and now tied to the euro), the foreign money, imposed on those international locations via the govt in Paris, has had a profound impression on their monetary balance. whilst Jerry Rawlings, Ghana’s former dictator, desired to improve his nation’s cash offer, he easily prompt Ghana’s critical financial institution to print extra. He did so for years, and that's what despatched the worth of the cedi spiraling down. once we have been in Ghana, an election was once below means, and each time an election is below method wherever, governments which are capable of achieve this print cash, even the us. examine U. S. executive charges for the final half the 12 months 2000, and you'll see a measurable elevate. The French realized the folly of this habit the challenging approach. They revealed funds time and again for numerous many years and suffered the implications. In 1982 they positioned a cease to this custom. If the president of the Ivory Coast desires to inject more money into the method, he needs to visit the principal financial institution that governs the cash provide for all fourteen CFA international locations. them all are equally constrained and needs to workout a few financial self-discipline. All this having been stated, those nations usually are not with out their difficulties. because their leaders can't constantly print extra foreign money, they typically borrow rather seriously. The Ivory Coast is likely one of the extra seriously indebted international locations on this planet, which ends up in tensions in what used to be one of many extra reliable African nations. In Togo, after we arrived, the border guards have been much less attracted to the trinkets we would provide them than in any cash lets spare, simply because they'd now not been paid in 3 months. They informed us they might relatively paintings for the govt. and be unpaid than be unemployed without wish of ever being paid. the previous French colonies can have wretched economies from time to time, yet they do have sound currencies. Capital will circulation to economies the place traders comprehend the foreign money won't decline in worth. Such strict administration and the truth that the CFA franc is now tied to the euro have made the African forex superior, and that energy bodes good for the way forward for their economies.

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