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Jim Rogers: The Overall Situation is Getting Much Worse

Jim Rogers

March 22, 2012

As I have explained several times, this is an election year in the United States as you well know and there are something like 40 or 45 elections over the next 12 months including France, US, Germany. So we have a lot of elections, a lot of politicians who want to be re-elected, so there is going to be a lot of good news. The people who are receiving the money, which is being spent and printed, are obviously going to be much better off in the next year or so.

The overall situation, however, is getting much worse because the debt is going through the roof for all of us. So, you should worry about 2013, you should be very worried about 2014. But this year, more or less, is not going to be so bad.