Here’s the article:
"The last few months have seen a 'false bounce', shorn up by massive short-term injections of government underwriting," says Rogers, "but it can't last. We've been applying temporary sticking plasters, not long-term cures. Later this year we'll see the start of the real recession, with more Lehman-scale disasters and a fallout which won't stop until the underlying malaise is genuinely cured."
Marc Faber, who won his moniker 'Dr Doom' after advising investors to pull out of American stocks one week before the 1987 crash, and who was one of only a few vocal investors to predict the present troubles, believes that America is on the brink of bankruptcy as it is wholly unable to service its debt***.
Do you think? The congress couldn’t even pay for the $10 Billion Dollar Unemployment Bill IMMEDIATELY AFTER PASSING PAYGO!!!
OLD NEWS… A G A I N…
Jimmy’s been predicting this for DECADES…
He’s a MASTER MEDIA manipulator!!! He says ONE THING, then does EXACTLY the opposite in his TRADING…
6 months ago he was giving interviews about how the U.S. dollar was a DOOMED currency…and he wouldn’t own ANY at ANY PRICE!!!
2 months ago he’s telling everyone how much MONEY he made by being LONG the U.S. DOLLAR!!!
I believe him when he says he made $$$$. I just wouldn’t RELY on his comments…The guy;s a world class trader that EVERY financial network opens their doors for…He knows EXACTLY when he’s doing a scheduled interview, knows EXACTLY what he’s gonna say…and knows EXACTLY how to play the MEDIA to his advantage!
I believe him when he says he made $$$$. I just wouldn't RELY on his comments...
I don’t know Pete, just recently you said this:
Legendary Investor Jim Rogers said it best......
In the next 20 years the FARMERS will be driving the Ferrari’s instead of the Wall St. guys…
100% right Jim…100%
Seems like you were liking his comments then!
I like Jim Rogers…I just think you need to FILTER his comments.
How do you figure you lose money betting on FOOD GROWERS MIKE???
Cripes even YOU should be on board with THAT investment!!
I don’t have anything against food growers and I do believe that they should do quite well. However, I don’t believe that Farmers will be driving Ferrari’s - they way we’re going, The Chosen One and his big government socialists will own all the farm land and I think that’s a problem.