Saturday, May 7, 2011

the world is going deeper into debt

Jim Rogers : it's getting worse ( the current state of the economy) it looks like it is getting better many governments are spending a lot of money and printing a lot of money and the people who receive that money are better off obviously but the overall situation is getting worse the world is going deeper into debt and we are building up more problems the next time that there is an economic slow down things are going to be much worse than they were last time , to me it's inconceivable that you can solve a problem of too much debt and too much consumption with more debt and more consumption and yet that's what the politicians are trying to do , "


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