Jim Rogers : America faces a few lost decades worse than Japan

Jim Rogers : “The idea that you prop up people who are bankrupt is what Japan did. Japan had two lost decades, America will have a few lost decades,” The US government should balance the budget rather than pile on fresh debt to deal with its problems, but it won’t. “They want to be elected,” he said. “They all believe in the tooth fairy. All these guys believe the tooth fairy will bail them out.” Jim Rogers, told Emerging Markets in an interview.

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%.