JIM ROGERS: Debts Going Through the Roof

8 Jun

Legendary investor Jim Rogers was on CNBC today explaining his investment thesis largely predicated on the rise of commodities and emerging market currencies. Some of the key takeaways were his continued concerns on US deficits and their inability to cap spending. Rogers said: “…debts in this country are skyrocketing. In the last three years the government has spent staggering amounts of money and the Federal Reserve is taking on staggering amounts of debt.

If they close down the government, I suspect the dollar will go up. People would realize, they’re not going to spend money. They’re not going to close down the government. I would hope somebody would understand we are facing a crisis. The debts are staggering. We can never pay off these debts.” 

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