21.08.2012 - Jim Rogers on the coming fiscal 'catastrophe'
The United States is the largest debtor nation in the history of the world. Our debts are skyrocketing every year and nobodyís doing anything about it. Every country in history thatís gotten into this situation has had a crisis or a semi-crisis, or both. In 2002 we had an economic slowdown, which was fairly serious, and then in 2007 and 2008 we had another one, which was worse because the debt was so, so, so much higher. The next time around the debt is going to be that much more catastrophic...............................................Full Article: Source
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