Friday, May 4, 2012

Investor Jim Rogers sees America ready to expereince riots in the streets

Billionaire investor Jim Rogers sat down with the Wall Street Journal and predicted that the coming drop in the next leg of the financial crisis will push Americans over the top and the rioting we have seen taking place in Greece and other parts of Europe will appear all across the country.



“I’m more worried about those kind of problems [rioting] in the U.S. and Europe; this is where social unrest is going to be worse,” Rogers told the Journal.  “I would suspect that, when economic conditions get worse here and get worse in Europe, we’re going to see . . . you’ve seen governments fail in Europe; you’ve seen countries fail in Europe. I suspect you’re going to see more of it [rioting], yes.
“We saw it in London; we’ve seen it in several countries in Europe in the last year or two.  Yes, I expect to see it here, too.  If you don’t, look out your window” - ETF Daily News
Rogers also went on the interview to say that the Fed has zero credibilty, and no amount of money printing or economic policy will change the inevitable crash that is already setup to take place.

It doesn't take a rocket scientist to understand that the American people are nearly at the tipping point, and our history of both peaceful and revolutionary protests are legendary.  As trends forecaster Gerald Celente has said, when people no longer have anything to lose, they lose it, and judging from today's unemployment numbers, that time is drawing ever closer.

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