Libertarian Billionaire Warns Of 'Financial Armageddon' After U.S. Election
Billionaire investor Jim Rogers warns of coming financial collapse
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.”
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Whistler Blowers, Insiders
Spending money we don’t have? LOL…..that is/was the rightwing way, crambing credit down everyones throat….interest rates out of sight. Yes, making a buck magically turn into a hundred bucks on paper. Yes…yes indeed.
People are brainwashed into debt. You must have a credit card or you’re a deadbeat
pay down your debt, and buy gold and silver. f the stock market, its manipulated by hedge funds and big banks. they can now legally take your money to cover their losses (casino bets). gold and silver markets are manipulated too but i’d rather have a solid asset in my possession than having some banker or broker take all of my money by one click of the mouse. stop putting your money into their ponzi scheme.