Friday, December 7, 2012

Fiscal Cliff: None Of Their Plans Show Any Debt Reduction For A Year

Jim Rogers : None of these talks are going to lead to reduction of the debt. Whether it’s the president or the Congress, none of their plans show any debt reduction for a year, if not a decade. So they may just be slowing down the march over the cliff. But they're not solving the problem. - in Bullion Vault

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).