August 17, 2012

A Crisis, Semi-Crisis, Or Both

The United States is the largest debtor nation in the history of the world. Our debts are skyrocketing every year and nobody’s doing anything about it. Every country in history that’s gotten into this situation has had a crisis or a semi-crisis, or both. - in The Fiscal Times

Related: SPDR S&P 500 Index ETF (SPY), iShares Barclays 20+ Yr Treasury Bond (ETF) (NYSE:TLT), ProShares UltraShort 20+ Year Trea (ETF) (NYSE:TBT)

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.