Monday, July 11, 2016

Debt worldwide rising higher and higher

In 2008, we had a problem because debt was piled so high, but now the worldwide debt is much higher than it was then. In the U.S., the Fed’s balance sheet has gone up five or six times. Worldwide, all of these countries are talking about austerity, but they continue to run up higher and higher debt. 

Unfortunately, the world doesn’t have the luxury to lower interest rates much more. To pump up the stock market, all they can use is printed money. The next time around will be pretty horrible for all of us. I hope that you,..... and I survive. 

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.