The Debt is going higher and higher

"They're not on the brink of default because they can print as much money as they want," "Yes, America's the largest debtor-nation in the entire history of the world. Nobody's ever been this deep in debt and it's going higher and higher." said Jim Rogers, chairman of Singapore based Rogers Holdings.




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%.

In America The Debt is going through the roof

FM: In your book you call the US “The largest debtor in the history of the world”.

Jim Rogers : That’s not an indictment, that’s a fact. If you consider it a negative fact, it’s an indictment. It happens to be a fact that it is the largest debtor nation in the history of the world. The debt is going through the roof, you know with all the shady rates. I do criticize it. I don’t like it. I’m an American citizen. I’m an American taxpayer, so I hate what’s happening with the debt situation in America. No nation in history has gotten itself into this situation and got out without a crisis. So I guess it is an indictment. - in Goldmoney


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%.

The Debt In Scandinavia

Jim Rogers : "..Dylon the same thing happened in Scandinavia I the early nineties everybody went bankrupt they had a horrible time but they wrote everything off they started over and Scandinavia boomed for the past fifteen or twenty years this solution work fine in the US and in Europe is never going to work it never has " in The Ratigan Show June.16, 2011


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%.

The solution to the debt problem is cutting spending

Jim Rogers : " Dylon it is astonishing to me that grown up adults can say and in Washington they do say that the solution to too much debt and too much consumption is more debt and more consumption , no that's not the solution to the problem , the solution to the problem is cutting spending and writing off the debt , when people are bankrupt they are bankrupt Dylon , face facts we write the debt start again , it is painful of course it is painful it is terribly painful but pushing this up for another decade is going to be much much worse painful " - in The Ratigan Show June.16, 2011


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%.