Glenn Beck interviews Jim Rogers - Fox News Insider Jun 9, 2011

Legendary investor Jim Rogers being interviewed by Glenn Beck about his outlook for the American economy and other subjects : "...The United States is now the largest debtor nation in the history of the world Glenn , and it is getting worse it is not getting better " Jim Rogers says " you would think that those clowns in Washington they would read one history book and see what happens when countries get in this kind of situation ,nobody ever has gotten out of this kind of situation without a crisis or a semi crisis , now the crisis or semi crisis is coming sooner rather than later , we're the largest debtor nation in the history of the world , in the history of the world ! " " that what they hope to do is to cause inflation , I do not know if they are smart enough to plan this out , but the way it's working , they gonna inflate the currency cause inflation , the currency will become worth less and less and we will pay it off with worthless money " ..."nobody has been ever able to control inflation once inflation starts if you try to put it down it gets harder and harder the longer you wait the worse it gets , just read some history book , people think I am nuts too , just look it up , I am not smart I just looked it up , look it up too " " I do not think that any politician has ever brought disaster knowingly or willingly it just gets out of control , but Glenn most politicians are not that smart that's why they became politicians , the study show that the people in America who became the best politicians are the people who excelled at play ground they did not excel at anything else most of them they never had jobs they do not know how the world works and it is frightening it is frightening " " If Israel falls you certainly gonna see chaos in the middle east there is no question about that , I do not think you gonna see the Muslims at the gates of Vienna again " "there is no question you gonna see a lit more social unrest in Europe you gonna see more social unrest everywhere including the United States I am afraid " "just look it up you had people marching on Washington in the 30s and camping at the white house because they were really angry and very upset , now in the 30s America was much more disciplined it is very unlikely , in this decade , America is not nearly as disciplined as we were in those days now everybody expects a free lunch , in the 30s nobody expected a free lunch they were willing to work they were willing to do whatever they could to get money and food we do not have that nation anymore "





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%.