What Jim Roger says?

What Jim Roger says?

That America is bankrupt. The American government bonds are a bloating bubble which would burst and the world will see that the bubble had nothing but air.

Why does he says so?

Becuase he feels that the bonds are overvalued. Because America on average has added debt at a rate of 1 billion dollar a year in the past few years and has currently more than 13 trillion dollars in debt.

What I feel ?

That America will continue to pass its debt to its coming generations. And till the time America can cut forests (be its own or of Iraq) to print money, America will not go bankrupt 🙂

Jim Roger Quote (on the bailout of U.S. banks):

“The Bail-out plan is a disaster. In 1929 we had a recession but after the government interfered, it became a depression. You should not interfere.”

Source: EuroBench.com