US Has More Serious Problems Than Europe: Jim Rogers

  • Print

    The Alex Jones Channel
    Alex Jones Show podcast
    Prison Planet TV
    Infowars.com Twitter
    Alex Jones' Facebook
    Infowars store

CNBC
Sept 27, 2011

Global markets have been whipsawed in recent weeks as uncertainty over Europe’s debt situation persisted. But renowned investor Jim Rogers says the U.S. economy has more serious problems than Europe.

“Europe has a few bad, bankrupt states, so does America. We’ve got Illinois which is bigger than Greece, we’ve got California, we’ve got New York, you know those are pretty big states that have serious economic problems. We have pension plans in America that are terribly under water,” Rogers told CNBC on Tuesday.

According to Rogers, the U.S. has deeper structural problems than Europe as well as higher debt levels.

“Europe’s got some bad problems but the entity as a whole is not nearly as deep in debt as the U.S. They don’t have a huge balance of trade deficit, like we do,” Rogers said.

Full article here


Print
Print this page.

Comment Rules


One Response to “US Has More Serious Problems Than Europe: Jim Rogers”

  1. You oughtas know Jimbo, you caused and furthered so many of them. Traitor.

Leave a Reply

You must be logged in to post a comment.

You can skip to the end and leave a response. Pinging is currently not allowed.

Leave a Reply

Powered by WordPress | Designed by: Premium WordPress Themes | Thanks to Themes Gallery, Bromoney and Wordpress Themes