Jim Rogers Calls U.S. Debt Ceiling Talks 'A Sham'
his former colleague at the Quantum Fund, George Soros, was busy
discussing the euro zone sovereign debt crisis, Jim Rogers chose
to focus this week on the fiscal problems facing the United States.
In an interview
on Fox Business News, the legendary investor provided his latest
scathing criticism of American politicians and the federal government
as a whole.
will probably raising the debt ceiling and announce some kind of
wonderful deal, which they will promptly ignore, Rogers contended.
The United States is not going close down. It might be good
for the world if the United States closed down for a while, but
I cant see that happening. Something will happen, things will
look better, but then in six months or a year, things will be worse
going to default one way or the other but they may not call it default.
These debt reduction talks are a sham.
While he did
not discuss President Barack Obama specifically, he had some rather
frank words for Treasury Secretary Tim Geithner. He never
should have taken the job
Mr. Geithner doesnt have a
clue about whats going on. Just about everything he has done
has been wrong. We are in worse shape now than we were a couple
of years ago except now we have staggering debt to show for the
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Rogers has taught finance at Columbia University's business school
and is a media commentator worldwide. He is the author of Adventure
Gift to My Children, and A
Bull in China. See his
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