Jim Rogers : The U.S. as a whole is the largest debtor nation in the world and we have bankrupt state Illinois New York California etc.... , in Europe, the whole thing is not a big debtor nation. they're solvent. they've got individual countries, Ireland, Greece, etc..., that are bankrupt.But No they're not in much better shape than we are. - in CNBC 06 Dec 2011
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Of course Europeans are in better shape: all their medical is paid for and there is not a influx of foreign nationals flooding into the country taking what jobs they have! North America is in a government-created mess! Nothing like a repeat of history, government crashing the system and putting its people in peril; then coming in as our saviors!
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