Jim Rogers is a bestselling author, financial commentator and successful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI).
Saturday, July 16, 2011
The US will default
Jim Rogers : we gonna default one way or the other but they may not call it a default , you can inflate your currency and pay people back with worthless money so it can happen , and these debt reduction talks are a sham as far as I am concerned we have been talking about this for thirty forty fifty years , thirty five years ago there was the Grace commission which said you got to stop it , and then they passed the Grand Rudman act they said we would not have a deficit spending anymore they just ignored it they continued their merry ways and they will again " in Fox Business News
