Legendary Investor: Approaching Crisis ‘Worse’ Than ’08, Yuan Will be Safer Than Dollar!

[Jake Martinez]

What’s Wrong With This Picture?

Posted on Conservative Byte-On June 9, 2011:

“Legendary investor Jim Rogers, CEO of Rogers Holdings, offered a very glum outlook on the U.S. economy yesterday. According to him, we’re headed for a crisis worse than 2008, the Chinese Yuan will soon be safer than the dollar, and Fed Chairman Ben Bernanke will probably institute another round of money-printing, or QE3.

“The debts that are in this country are skyrocketing,” he told CNBC. “In the last three years the government has spent staggering amounts of money and the Federal Reserve is taking on staggering amounts of debt.

“When the problems arise next time…what are they going to do?

They can’t quadruple the debt again. They cannot print that much more money. It’s gonna be worse the next time around.”

He later added, “The U.S. is the largest debtor nation in the history of the world. The debts are going through the roof. Would you keep lending money to somebody who’s spending money and not doing anything about it? No you wouldn’t.” 

Source:

http://conservativebyte.com/2011/06/legendary-investor-approaching-crisis-worse-than-08-yuan-will-be-safer-than-dollar/

Note:  The following articles and/or blog posts and videos relate to this disturbing issue-You Decide:

Obama Presses Europe, Pledges Help for Greek Crisis!-Posted on CNBC-By Reuters-On June 8, 2011:

http://www.cnbc.com/id/43321461

U.S. funding for future promises lags by trillions!-Posted on USAToday-By Dennis Cauchon, USA TODAY-On June 7, 2011:

http://www.usatoday.com/news/washington/2011-06-06-us-owes-62-trillion-in-debt_n.htm?loc=interstitialskip

Obama’s High Disapproval Ratings For His Handling of The Economy!-Posted on Hotline On Call-By Steven Shepard-On June 7, 2011:

http://hotlineoncall.nationaljournal.com/archives/2011/06/bin-laden-bump.php

The Next Financial Crisis Will Be Hellish And It’s On Its Way!-Posted on Forbes-By ADDISON WIGGIN-On June 1, 2011:

http://blogs.forbes.com/greatspeculations/2011/06/01/the-next-financial-crisis-will-be-hellish-and-its-on-its-way/

Video: Anger Over Obama’s Handling of Economy!-Posted on The Patriot Update-On June 8, 2011:

http://patriotupdate.com/videos/anger-over-obamas-handling-of-economy

Video: Obama Is Just Wrong on Debt Ceiling!-Posted on ExposeObama.com-On June 6, 2011:

http://www.exposeobama.com/2011/06/06/video-obama-is-just-wrong-on-debt-ceiling/?utm_source=Expose+Obama&utm_campaign=775052fe25-EO_06_06_20116_6_2011&utm_medium=email

Video: Lib Talker Calls on Obama to Starve People In Red States!

http://conservativebyte.com/2011/06/lib-talker-call-on-obama-to-starve-people-in-red-states-to-stop-the-gop-on-debt-ceiling/

Senator Obama Voted Against Raising Debt Ceiling?

https://www.youtube.com/watch?v=SbFUpDx-F3o

Note:  My following blog posts contain numerous articles and/or blog posts and videos that relate to this disturbing issue-You Decide:

Is the Fed’s concept of buying $600 billion of Treasuries just a smokescreen?

http://weroinnm.wordpress.com/2010/11/03/is-the-fed’s-concept-of-buying-600-billion-of-treasuries-just-a-smokescreen/

Is it important to understand the Marxist assault on the foundations of our system?

http://weroinnm.wordpress.com/2011/01/27/is-it-important-to-understand-the-marxist-assault-on-the-foundations-of-our-system/

Note: If you have a problem viewing any of the listed blog posts, please copy web site and paste it on your browser.  Sure seems like any subject matter that may be considered controversial is being censored-what happened to free speech?-You Decide.

“Food For Thought”

God Bless the U.S.A.!

https://www.youtube.com/watch?v=Q65KZIqay4E&feature=related

Semper Fi!

Jake