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Jim Rogers: The U.S Economy is Poised for a Major Crash!

US_Economic_Collapse

  • Jim Rogers: The One Lie That Will Bring Down America! 
    by TERRY WEISS, Contributing Writer, Money Morning 
    Despite  the current stock market rally, legendary investor Jim Rogers say the U.S  economy is poised for a major crash and is warning investors to protect  themselves immediately.
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    In  a riveting interview on Fox Business,  Rogers warned Americans not to trust any of the positive economic news coming  from world governments.
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    “I  don’t trust the data from any government, including the U.S., Rogers said. “We  know that governments lie to us. Everybody’s printing money, but it cannot go  on. This is all artificial.”
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    Rogers,  who for years has been an outspoken critic of the Feds policies of “Quantitative  Easing” says all the money printing is creating false hope that we are in the  middle of some kind of super bull market.
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    But  in reality, he says, “we’re living in a fool’s paradise.”
    “The  Bank of Japan says it’s going to print unlimited amounts of money… Then Mr.  Bernanke said I’ll match that… I’ll print that money too. The Europeans are  catching on. You’ve got money printing going on everywhere and that has never  been good for anybody,” Rogers said.
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    Currently,  Bernanke and company at the U.S. Fed is buying $1 trillion of Treasury and  housing agency bonds each year. That’s about $85 billion per month against a  budget deficit that is about the same level.
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    The  real risk right now is an all-out 1930s-style currency war that could devastate  an entire class of investors who have put their faith in the current economic  dogma of endless bailouts and money printing
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    “It  cannot go on,” Rogers warns. Rogers  believes things will really get bad after the German elections this fall. How  bad? Worse  than even Roger predicts, according to a new investigation.
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    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 before.
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    “What  this pattern represents is a dangerous countdown clock that’s quickly  approaching zero,” said Keith Fitz-Gerald, the Chief Investment Strategist for  the Money Map Press, who predicted the 2008 oil shock, the credit default swap  crisis that helped bring about the recession, and the Greek and European fiscal  catastrophe that is still wreaking havoc until this day.
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    “The  resulting chaos is going to crush Americans.”
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    Another  member of this team, Chris Martenson, a global economic trend forecaster,  former VP of a Fortune 300, and an internationally recognized expert on the  dangers of exponential growth in the economy, explained their findings further:

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    “We  found an identical pattern in our debt, total credit market, and money supply  that guarantees they’re going to fail,” Martenson said. “This pattern is nearly  the same as in any pyramid scheme, one that escalates exponentially fast before  it collapses. Governments around the globe are chiefly responsible.”
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    “And  what’s really disturbing about these findings is that the pattern isn’t limited  to our economy. We found the same catastrophic pattern in our energy, food, and  water systems as well.”
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    According  to Martenson, these systems could all implode at the same time.
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    “Food,  water, energy, money. Everything.”
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    Dr.  Kent Moors, one of the world’s leading energy analysts, who advices 16 world  governments on energy matters and who currently serves on two State Department  task forces on energy, also voiced concerns over what he and his colleagues  uncovered.
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    “Most  frightening of all is how this exact same pattern keeps appearing in virtually  every system critical to our society and way of life,” Dr. Moors stated.
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    “It’s  a pattern that’s hard to see unless you understand the way a catastrophe like  this gains traction,” Dr. Moors says. “At first, it’s almost  impossible to perceive. Everything looks fine, just like in every pyramid  scheme. Yet the insidious growth of the virus keeps doubling in size, over and  over again – in shorter and shorter periods of time – until it hits  unsustainable levels. And it collapses the system.”
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    read more!

US_Government_Economic_Statistics_Snake_Oil

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April 15, 2013 - Posted by | Economics | , , , , , , , , , , , , , , , , ,

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