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Jim Rogers: It’s Going To Get Really “Bad After The Next Election”!

  • Jim Rogers: It’s Going To Get Really “Bad After The Next Election”! 
    By Terry Weiss, Money Morning
    In  a riveting interview on CNBC, legendary investor Jim Rogers warned Americans to  prepare for “Financial Armageddon,” saying he fully expects the  economy to implode after the U.S. election.
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    Rogers,  who for years has been an outspoken critic of the Feds policies of “Quantitative  Easing,” says the world is “drowning in too much debt.” He put the  blame squarely on U.S. and European governments for abusing their “license  to print money.” In the U.S. alone, the national debt has surged to nearly $16  trillion, that’s more than $50,000 for every American man, woman and child.
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    “[They]  need to stop spending money they don’t have,” Rogers said. “The  solution to too much debt is not more debt… What would make me very excited is  if a few people [in the government] went bankrupt…” Rogers added.
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    Rogers  also charged Obama and German Chancellor Angela Merkel with promoting dangerous  policies that create the illusion the economy is stable… but are really only  intended to buy time before their upcoming elections.
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    “Mrs.  Merkle has an election next year,” Rogers said. “Mr. Obama has an election in  November. The Americans and the Germans – they want to do everything they can  to hold the world up until after the next election.”
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    “It’s  going to be bad after the next election.” In  a newly released documentary that went viral last month, a team of influential  economic experts say they have discovered a “frightening pattern” they believe points to a  massive economic catastrophe unlike anything ever seen in the history of the  world.
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    read more!

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August 20, 2012 - Posted by | Economics, Social Trends | , , , , , , , , , , , , , , ,

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