Rogers Holdings Chairman Jim Rogers is certain that the U.S. economy will be in recession in the next 12 months.
A recession? That's an understatement. A dollar collapse would be a cataclysmic event.
During an interview on BloombergTV, the famous investor said that there was a 100 percent probability that the U.S. economy would be in a downturn within one year.
Not sure when...but I am sure that you can't print yourself out of debt.
"It's been seven years, eight years since we had the last recession in the U.S. and normally, historically we have them every four to seven years for whatever reason—at least we always have," he said. "It doesn't have to happen in four to seven years but look at the debt, the debt is staggering."
Yes, the debt is STAGGERING.
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