Thursday, August 18, 2011

We are going to default someday

Jim Rogers : we are going to default someday I've said and there are many ways to default you can give people worthless paper you can pay people back but if you give worthless money that's defaulting there are a lot of ways of defaulting without actually refusing to pay your debt , we are the largest debtor nation in the history of the world ... - in Fox Business News

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).