Jim Rogers : Even if they default on August 2, 3, 4 — they will be back playing the same old games

Jim Rogers : ...it's a charade it is a scam they are no going to do anything serious they are going to announce something either the day before the day of or the day after they are gonna say everything is OK but in 6 months from now a year from now America is going to be in worse shape than it is now they are going to continue to spend and drive us all deeper into debt we have been doing this for 40 years it is not going to go anywhere ....study shows that people who are good politicians are the people who are good at playground when they were at the grandma school and these guys are at playground yet again and it is with our money and it is driving America deeper into debt America is the largest debtor nation in the history of the world it's just getting worse , we had something called the Grace commission 25 or 30 years ago it said we got to stop this and then they passed a law in Congress the the Gramm-Rudman laws and we won't have anymore deficit spending well they all forgotten that we have been doing this annually for decades , ignore them we all going to continue to get deeper and deeper into debt they have been spending all that money and the people who have been receiving that money think they're better off and they probably are they got more money in their pockets but the overall situation Lucie is getting more and more serious America is now the largest debtor nation in the history of the world this cannot go on for ever yes eventyually the creditors are going to say listen no more that's the end of the line , you think the problems are bad now you wait until we do not have any credit you wait till the currency is collapsing you wait till interest rates are going through the roof and inflation going through the roof it is not going to be a pretty picture there going to be social unrest there is going to be a mess , but the sooner we deal with it the better , if we deal with it now or last year or even next year we might have some hope that



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%.