Jim Rogers has been sounding the alarm a long time on the global economy, saying the economic problems will continue as long at there is too much debt and too much reliance upon consumption.
“I’m short stocks and long commodities,” Rogers said in a phone interview. “America of all things they think the solution to too much debt and too much consumption is more debt and more consumption. Which means they are going to print even more money.”
That means a continuing debasement of the currency, and no lasting solutions, as printing money is just another way of kicking the can down the road and passing the problem onto someone else.
Rogers has also said he has no intention of selling his gold.
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