Jim Rogers : There will be social unrest

Jim Rogers interviewed by RT America “We are all going to continue to get deeper and deeper into debt,” predicts Rogers, who believes the overall situation for America is only getting more and more serious. He harped on the fact that America is the largest debtor nation in the world, and said, “You think that problems are bad now, you wait until we don’t have any more credit.” There will be social unrest, said Rogers, as interest rates and inflation will go through the roof.

“Prepare for another lost decade or more,” he said. In the meantime, Roger said to ignore the debt talks. “Even if they default on August 2, 3, 4 — they’ll be back playing the same old games.” “It has no effect on my investment decision,” said Rogers. Rogers has relocated to Singapore, noting that the twenty-first century will mark a golden age for Asia as America declines.



Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.