Tuesday, April 22, 2014

Delaying the pain will make it worse

For the first time in recorded history we have all major banks and central governments around the world printing huge amounts of money. The debt is going higher and higher. The money printing is going higher and higher. There is no sound currency anymore. There's no paper money in 2014 and 2015, that's going to be worth much of anything.

We've had 50 or 60 years of success in America. You've got to pay the price someday whether you like it or not. The longer you delay the day of reckoning, the worse the day of reckoning is going to be. 

Jim Rogers is a smart investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.