Billionaire Jim Rogers Blasts ‘This Is Going To End Badly … And The Rest Of The World Knows It’ (Video)

– Jim Rogers Blasts “This Is Going To End Badly… And The Rest Of The World Knows It” (ZeroHedge, Oct 15, 2013):

The only thing exceptional about the USA is “its the largest debtor nation in the history of the world” is how Jim Rogers begins this brief interview with RT and he doesnt back away from the rhetoric. The sad truth, he notes, is that the US “has been kicking the can down the road for years…” how do you think we got so much debt, he chides. “Every year that goes by we go deeper and deeper into debt,” adding, rather ominously, that it “will be solved one way or another.” They will kick the can once more; then next week, we will be told that the problem is fixed and compromise is here. However, Rogers warns, eventually the market is going to turn away; “this is going to end badly… and the rest of the world knows it.”

For some clarifying thought before an onslaught of headline hockey in US equity markets, Rogers comments are a must view to comprehend the game we are playing…

YouTube Added: 15.10.2013

Flashback:

–  Libertarian billionaire warns of ‘financial Armageddon’ after U.S. election (Examiner, Aug 25, 2012):

During a recent CNBC interview, Jim Rogers said, “People need to stop spending money they don’t have. The solution to too much debt is not more debt. What would make me very excited is if a few people went bankrupt or a few people started paying off their debt. We are going to have financial Armageddon anyways, when the rest of the world is not going to give these people any more money.” He went on to say, “The Americans and the Germans they want to do everything they can to hold the world together until after the next election. It’s going to be bad after the next election.”

– Billionaire investor Jim Rogers throws his support behind Ron Paul (Examiner, Aug 27, 2011):

As the economy Continues its downward slide due to the failed leadership of both the President and Congress, billionaire investor Jim Rogers sees no other alternative to turn things around than for Ron Paul to win the Presidency.

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Jim Rogers thinks gold will double to at least $2,000 an ounce.

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“In this election if Ron Paul gets anywhere near the nomination I would certainly support him. He is the only one that I’ve seen in American politics that seems to have a clue about what’s going on.”