August 23, 2012
Jim Rogers: It's Going To Get Really "Bad After The Next Election"
Money Morning
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.
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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"The resulting chaos is going to crush Americans."
More: http://moneymorning.com/ob/jim-rogers-issues-dramatic-warning/?utm_expid=5485297-8&utm_referrer=http%3A%2F%2Fpaid.outbrain.com%2Fnetwork%2Fredir%3Fkey%3D9b749afe0a597feb817e74899db1b05b%26rdid%3D367352212%26type%3DCAD_d%2Ft1_ch%26in-site%3Dfalse%26pc_id%3D9513251%26req_id%3D1d094fc8b93d191d78a7ae310be10824%26agent%3Dblog_JS_rec%26recMode%3D7%26reqType%3D1%26wid%3D106%26imgType%3D0%26adsCats%3D1708%2C-1%2C-1%26refPub%3D388%26prs%3Dtrue%26scp%3Dfalse%26fcapElementId%3D6439
Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months
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