“Jim, economic collapse with the euro: will that lead to a recession?” asks Glenn Beck.
“That will lead to the end of the world as we know it,” answers Jim Rogers, founder of Rogers International Commodities Index. “That will certainly lead to the end of the world as Washington D.C. knows it. There’s no question about that.”
Thursday, December 8, 2011
Jim Rogers Gives Dire Warning: ‘That Will Lead to the End of the World as We Know It’
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A Euro crash will pales in comparison to the coming China crash.
ReplyDeleteChina has to have double-digit growth or they will go into civil war. The Chinese government has built entire cities for millions of people that are sitting abandoned because there is no demand for them and China cannot keep artificially devaluing its currency. It is already beginning to unravel.
Once it completely unravels, China will go into civil war due largely to the insane gap between rich and poor. Ironically it would be a regression from their current National Socialism (China is economically very similar to Nazi Germany, with a market that is not outright owned by but tightly controlled by the central government) back to worse-old-fashioned Maoism.
China's government knows this, so they will resort to war to keep the economy inflated.
Excellent points, once again. I've never figured out how they forecast so poorly on those cities.
ReplyDeletehas built entire cities for millions of people that are sitting abandoned because there is no demand for them and China cannot keep artificially devaluing its currency.