Wednesday, December 21, 2011

Jim Rogers: 100% chance of crisis

In a Recent Interview legendary investor Jim Rogers declared that there is a 100% chance a crisis is coming “100% chance of crisis” he said and that “the world is in trouble.”
“The world has been spending staggering amounts of money that it doesn’t have for a few decades now, and it’s all coming home to roost.” He explained “Last time, America quadrupled its debt,” “The system is much more extended now, and America cannot quadruple its debt again. Greece cannot double its debt again. The next time around is going to be much worse.”

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