Jim Rogers "Different countries are going to fare differently. Anyone who’s got commodities is going to do well in this climate. Canada is going to do better than the US, Australia is going to do better than Belgium. I have no idea exactly when the crisis is going to end. Things are going to look better for a while: people see cheap prices, and then they go buy, and then other people see that people are buying and think ‘this is better’ so they join. Then it’s going to fall again. All the spending is going to lead to bigger problems down the road. The idea that you can solve a debt-based problem with more debt is mind-boggling."
From an Interview with China International Business dated September 2009
Reagan tripled the debt.
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