America is the biggest problem not Europe or China

Jim Rogers : These are problems. Don’t get me wrong. These are serious, serious, serious problems. You asked me what the biggest situation is and I am suggesting to you it’s the United States. Europe is very important, China is very important, Japan is very important, but America is the biggest economy still and we are the ones with the worst central bank. Our central bank understands less than other central banks and therein lays the risk. - in The Street Interview
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Even if China collapses, its not the end of the world

Jim Rogers : Well, first of all, China is a third the size of the U.S. economy. Europe and America are 10 times the size of China. So even if China collapses, it’s not the end of the world and even if China booms, it’s not going to save the world. It’s important, it’s very important but it’s not the most important thing. China is trying to slow down and some parts of their economy are going to fail, collapse, they are going to have some bankruptcies. Europe is certainly extremely important, what’s going on there but Europe as a whole is in much better shape than we are. Europe as a whole is not a big debtor. The United States, as a whole, is the largest debtor nation in the history of the world and we’ve got states that are in trouble – Illinois, New York, California. Europe has states that are in trouble – Greece. You know the names as well as I do. No, America is the one we have to worry about the most. - in The Street Interview
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The FED do not understand economics , finance or currencies

Jim Rogers: They already are (printing Money ). They have already started printing money again. And they are printing a lot and they don’t seem to understand economics or finance or currencies or much of anything else except printing money. - in The Street Interview
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Jim Rogers 2012 Outlook

Jim Rogers: (the biggest risk to the U.S. economy in 2012 is ) Probably the Federal Reserve in America because they don’t know what they are doing. There are other risks: China is slowing down, Europe’s got serious problems. They don’t know what they are doing or how to solve it, but I would say the single worst risk is the United States central bank. - in The Street Interview
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