Jim Rogers : All Asians are moving out of US Government bonds

Legendary investor Jim Rogers interviewed via Skype by the Russian Tv RT , speaks about the recent news that the rating agency Standard & Poor's has downgraded America's ranking to AA+
Jim Rogers : All Asians already know that America got problems , All Asians are already moving out of US Government bonds , everybody in Asia knows that , we never got out of the first recession , unemployment in America is still higher than it was in 2008 , the American debt has skyrocketed , and gone through the roof , America is in worse shape now than it was before , America spent a lot of money and the people who got that money are better off but the overall situation is much worse , America quadrupled its debt , America if you take into consideration the things that they guaranteed they printed huge amount of money no the world has gotten worse , world has not gotten better , we paid people back with worthless money we will inflated away we will change the rules we will put on exchange controls , eventually US will default , that's why people are moving away from US government bonds because everybody knows that the US is in serious trouble and that the debt situation is getting worse and worse not better and better



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%.