Karl Dickey / Examiner

Jim Rogers is a libertarian-minded billionaire who made the bulk of his fortune with progressive George Soros when they partnered in running the Quantum Fund. Both men are highly respected in financial circles. Since their split Rogers has moved to Singapore to run his investment business and recently has been advising Americans to buy farmland and dump stocks as he sees growing value in commodities. He is also strongly advising individuals and governments around the globe to dramatically reduce their debt.

During a recent CNBC interview, Rogers said, “People need to stop spending money they don’t have. The solution to too much debt is not more debt. What would make me very excited is if a few people went bankrupt or a few people started paying off their debt. We are going to have financial Armageddon anyways, when the rest of the world is not going to give these people any more money.” He went on to say, “The Americans and the Germans they want to do everything they can to hold the world together until after the next election. It’s going to be bad after the next election.”

continue at the Examiner:

http://www.examiner.com/article/libertarian-billionaire-warns-of-financial-armageddon-after-u-s-election

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