Jim Rogers Issues Dramatic Warning : prepare for Financial Armageddon after the U.S. election

Jim Rogers says the world is "drowning in too much debt." "[They] 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 [in the government] went bankrupt..." Rogers said. "Mrs. Merkle has an election next year," Rogers said. "Mr. Obama has an election in November. The Americans and the Germans - they want to do everything they can to hold the world up until after the next election." "It's going to be bad after the next election." - in CNBC via moneymorning




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%.