Rogers: “Bankrupt” U.S. Will Never Pay Back Its Bills

August 8, 2011 in Debt Crisis

Jim Rogers

 

Jim Rogers  is an American investor and author presently  based in Singapore. He is chairman of Rogers Holdings and Beeland Interests, Inc. Many of you will remember him as a frequent and outspoken guest on Wall $treet Week with Louis Rukeyser. It would appear that Jim hasn’t lost the knack for being straight forward and frank  as demonstrated in  the following quote:

“The U.S. government deserves the downgrade Standard and Poor’s slapped on its ratings, because the country has run up so many debts it will never get out of the hole, say famed commodities investor Jim Rogers. In fact, the S&P is being too nice, as Washington probably doesn’t even deserve the AA+ rating, Rogers tells CNBC.”

Read the rest of the interview here

:http://www.moneynews.com/StreetTalk/JimRogers-S-Pdowngrade-gold/2011/08/08/id/406493?s=al&promo_code=CCB1-1