The U.S. is approaching a financial crisis worse than 2008, Jim Rogers, chief executive, Rogers Holdings, warned CNBC Wednesday.
"The debts that are in this country are skyrocketing," he said. "In the last three years the government has spent staggering amounts of money and the Federal Reserve is taking on staggering amounts of debt.
"When the problems arise next time…what are they going to do? They can’t quadruple the debt again. They cannot print that much more money. It’s gonna be worse the next time around."-US Is Nearing Even Worse Financial Crisis: Jim Rogers
Friday, June 10, 2011
It’s gonna be worse the next time around
Fringe doomsday obsession of conservatives and libertarians? Sure, that's why even "mainstream" economists and investors are getting really, really worried...
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