Jim Rogers says:
The central banks and government financial institutions are behind the extraordinary risk we now face of debt default of nations, which dwarf the banking industry.
- As many entrepreneurs and believers in free markets know, the redistribution of wealth eventually runs into a brick wall, and that brick wall is there is no more money to legally steal from the productive.
- The risk we face is with entire governments collapsing.
- The clueless will begin to understand what it is we face, if they’re willing to tear the mask off of it and call it like it is; especially the mainstream media, whose coverage is so slanted and clueless it can’t be trusted in that regard.
Who is Jim Rogers? He was one of the original founders of the Quantum Fund which had a return of 4,200% over a 10 year period while the S&P only managed a 47% gain, and in my opinion he’s been ahead of the curve ever since. He is one of the most highly respected figures in the financial world today. Jim does not have to answer to any firm so he is able to speak his mind and is known for his frank discussions about the Federal Reserve and other topics many Wall Street veterans won’t freely address. He is quoted globally in virtually all financial media.