"Prepare for another lost decade or more," Jim Rogers says "We are all going to continue to get deeper and deeper into debt," predicts Rogers, who believes the overall situation for America is only getting more and more serious. He harped on the fact that America is the largest debtor nation in the world, and said, "You think that problems are bad now, you wait until we don't have any more credit." There will be social unrest, said Rogers, as interest rates and inflation will go through the roof.
Jim Rogers graduated from Yale University and has a degree in philosophy, politics and economics from Oxford University. Jimmy Rogers became a Wall street legend when he and George Soros founded the Quantum Fund.After his career as a hedge fund manager and investor,Jim Rogers now periodically teaches finance at Columbia University, and appears regularly on the CNBC Cable Network.