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IPFS News Link • Economy - Economics USA

Jim Rogers Blasts "This Is Going To End Badly... And The Rest Of The World Knows It"

•, by Tyler Durden
 The sad truth, he notes, is that the US "has been kicking the can down the road for years..." how do you think we got so much debt, he chides. "Every year that goes by we go deeper and deeper into debt," adding, rather ominously, that it "will be solved one way or another." They will kick the can once more; then next week, we will be told that the problem is fixed and compromise is here. However, Rogers warns, eventually the market is going to turn away; "this is going to end badly... and the rest of the world knows it."
For some clarifying thought before an onslaught of headline hockey in US equity markets, Rogers comments are a must view to comprehend the game we are playing...

1 Comments in Response to

Comment by Powell Gammill
Entered on:

Nor should he. This facade of maintaining America's economic health is just more looting---in this case, of the lenders with promises that the "investment" will be paid back with interest by the unborn.  The debt limit is just a self imposed credit card limit.  And since those who self impose it can raise it---it is raised and in never shrinking fashion.