"If you bring forth what is within you, what you bring forth will save you. If you do not bring forth what is within you, what you do not bring forth will destroy you."

Sep 8, 2008

“Super Crash”

“The next shock is going to be bigger and bigger, still,” Jim Rogers said. “The shocks keep getting bigger because we keep propping things up … [and] bailing everyone out.”


The U.S. financial crisis has cut so deep - and the government has taken on so much debt in misguided attempts to bail out such companies as Fannie Mae (FNM) and Freddie Mac (FRE) - that even larger financial shocks are still to come, global investing guru Jim Rogers said in an exclusive interview with Money Morning. Investment Director Keith Fitz-Gerald reports.

Indeed, the U.S. financial debacle is now so ingrained - and a so-called “Super Crash” so likely - that most Americans alive today won’t be around by the time the last of this credit-market mess is finally cleared away - if it ever is, investing guru Jim Rogers said.

The end of this crisis “is a long way away,” Rogers said. “In fact, it may not be in our lifetimes.”

During a 40-minute interview during a wealth-management conference in this West Coast Canadian city last month, Rogers also said that:


also see:
Volcker Says Finance System 'Broken'

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