July 13, 2011

The US Is Going To Default One Way Or Another

We are going to default one way or the other but they may not call it a default. You can inflate your currency and pay people back in worthless money, so it can happen. - in FoxBusiness

Tickers: ProShares UltraShort 20+ Year Trea (ETF) (NYSE:TBT), iShares Barclays 20+ Yr Treas.Bond (ETF) (NYSE:TLT), iShares Lehman 7-10 Yr Treas. Bond (ETF) (NYSE:IEF), IShares Silver ETF (SLV), SPDR Gold ETF (GLD)

Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.