Jim Rogers Warning : The Global Economy will Collapse, Abolish The Fed

Jim Rogers

Speaking with the CBC’s Lang & O’Leary Exchange on Monday, Jim Rogers, chairman of Rogers Holdings and author of “Hot Commodities,” warned that the international financial system will crumble and the global economy is set to implode.“Eventually, the whole world will collapse,” said Rogers. “We in the West have staggering debts. The U.S. is the largest debtor nation in the history of the world.”Rogers added that the current policies like quantitative easing will not last forever. “This isn’t going to last. When it ends, the bull market in commodities will probably end too, but the bull market in a lot of stuff will end.”



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%.