"Every four to six years since the beginning of the Republic, we've had economic slowdowns, we've had recessions. Always. It's coming again," Jim Rogers told Newsmax.TV in a recent interview. "You can add as well as I can — in 2013 or 2014, we're going to have another slowdown, whether it's caused by Europe or who knows what going caused it, but it's coming.""Be very worried about 2013 and be very worried about 2014, because that's when the next slowdown comes. In 2002 we had a recession and in 2008, it was worse because the debt was so much higher," Rogers says. "The next time is going to be even worse because the debt is so staggeringly high now. So if you are not worried about 2013, please — get worried.""The dollar might even go up for a while, which will feel good for all of us, because we are all Americans but other countries are going to be suffering badly. Interest rates will certainly start to go higher,""It's just going to be turmoil. Everybody's going to be worried, including me." - via Newsmax
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%.