"Why is this a bad thing? There's nothing wrong with teaching children other languages when they're young, it's the best time to do it. I don't know why I just don't agree with anything that Freepers have been posting lately. By the way, there's nothing new about rich people having nannies. Class envy, that's all."
There's nothing wrong with teaching your child Chinese. There's something wrong with holding it out to the world as an example of what the smart people will all do because of a belief that China is going to dominate the world. (And that is exactly what Jim Rogers professes: America is going to be sink like a stone, and China will dominate the globe in the 21st century as America economically dominates, say, Mexico.)
See the two different issues?
In addition to appearing on Cavuto (for reasons I can't fathom), Rogers also makes regular appearances with this guy:
http://www.charlesgoyette.com/
It's not the nanny thing that bothers me but rather these people have already assumed that their child will be the center of the universe. They are raising another Paris Hilton. lol The kid is 22 months old and already under bizarre pressure to succeed. My biggest concern at 2 was whether to pee in the potted plants or in the toilet, and I turned out just fine.