Jim Rogers : The American Economy is Lost Full Stop whatever happens

Renowned investor Jim Rogers tells the BBC's World Business Report that the US economy is 'lost' regardless of how the crisis over the fiscal cliff : " The American Economy is Lost Full Stop whatever happens , whether the clowns in Washington make it worse or better is irrelevant , America is now the largest debtor nation in the history of the world , we're increasing our debt with about 1 trillion US Dollars every year this is not going to be fine " Jim Rogers told BBC

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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%.