“TV networks all over the world will talk about it. But the people who are buying and selling dollars will not pay too much attention,” said Jim Rogers, chairman of Singapore-based Rogers Holdings, adding it's more of a political show than economic reality.
“They’re not on the brink of default because they can print as much money as they want. Yes, America’s the largest debtor-nation in the entire history of the world. Nobody’s ever been this deep in debt and it’s going higher and higher,” he said.- in RT
Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.
