pt 4/4 Jim Rogers discusses problems facing the United States

http://www.kingworldnews.com

Legendary investor Jim Rogers was kind enough to take time out of his busy schedule to share his thoughts with King World News listeners. Jim was one of the original founders of the Quantum Fund which had a return of 4,200% over a 10 year period while the S&P only managed a 47% gain, and in my opinion hes been ahead of the curve ever since. He is one of the most highly respected figures in the financial world today. Jim does not have to answer to any firm so he is able to speak his mind and is known for his frank discussions about the Federal Reserve and other topics many Wall Street veterans wont freely address. He is quoted globally in virtually all financial media. In this interview Jim discusses corruption in India, China and the problems they face on a short term basis as well as a possible bubble in certain pockets of Chinese real estates, problems in Greece, the fact that some countries use two sets of books, the anger that will occur when citizens realize they have been "Madoffed" and the resulting civil unrest, what he is doing with his own money, problems with food stores globally, problems facing the United States and when civil unrest could begin to occur in the US, the possibility of a US default on its debt, protectionism, the energy sector and much more.

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[tyronebiggums3]

4:02

"There is no way that America can ever pay off its debt; I mean it's just physically, arithmetically, mathematically impossible... for the US to pay off that debt without some kind of total collapse, first. And then you just default."