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Subject
Jim Rogers: It's Going To Get Really "Bad After The Next Election"
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[quote:Anonymous Coward 22795109:MV8xOTcxODkxXzMzMTA2Nzk0X0NBMkExMkIw] [quote:Anonymous Coward 19315397:MV8xOTcxODkxXzMzMTA2MTg5X0E5MEQyM0ZF] Obama will force the Fed by any mean to spend more money since Federal Reserve main objective is to maintain employment under any circumstance !! Welcome to new era !! [/quote] Nothing new.....USSR..... Everyone worked.......93-98% income withheld for: Government Healthcare Free housing ( apartment style) Free healthcare ( if you don't have position or connections...good luck) Other useles jobs...just to keep people busy...... Welfare regions of the country.... Place anything here related to waste and corruption..... [/quote]
Original Message
In a riveting interview on CNBC, legendary investor Jim Rogers warned Americans to prepare for "Financial Armageddon," saying he fully expects the economy to implode after the U.S. election.
Rogers, who for years has been an outspoken critic of the Feds policies of "Quantitative Easing," says the world is "drowning in too much debt." He put the blame squarely on U.S. and European governments for abusing their "license to print money." In the U.S. alone, the national debt has surged to nearly $16 trillion, that's more than $50,000 for every American man, woman and child.
"[They] need to stop spending money they don't have," Rogers said. "The solution to too much debt is not more debt... What would make me very excited is if a few people [in the government] went bankrupt..." Rogers added.
Rogers also charged Obama and German Chancellor Angela Merkel with promoting dangerous policies that create the illusion the economy is stable... but are really only intended to buy time before their upcoming elections.
[
link to moneymorning.com
]
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