Jim Rogers predicts Bleak outlook for US
"It wouldn't surprise me if America doesn't go through a 20 or 30 year period where things just don't go anywhere," Jim Rogers said
"If you had said to someone at any point in history that your stock market is going to be 75 per cent down from where it was 20 years ago, they would have called the police because they would have thought you were nuts," He Added
"I know some smart people who are convinced that America is going to default within the next couple of years,"
"There is more than one way to default and one is to print money so you can pay people back their debts with worthless paper," Jim Rogers explained
"There have been many, many cases. American stocks were the same price in 1982 as they were in 1964. For 18 years stocks did nothing and there was particularly bad inflation throughout this period which eroded the value further," Jim Rogers said
Source: China Daily
