The legendary investor says the country's hefty debt load will make the coming recession worse than the 2008 downturn. The Fed is only making the situation worse. . . . Click Below Link to watch this 5 min clip.
To quote Jim Rogers -
"If you were smart in 1807 you moved to London, if you were smart in 1907 you moved to New York City, and if you are smart in 2007 you move to Asia."
The trouble is - your not going to be alive for over 200 years (joke)
I wonder what is "real" agenda is ?
It certainly cannot be patriotism - or could it be ?. He's now living in Singapore and is he one of those investors who have persuaded the East to invest in the Euro ?
He can then go back and buy up all the dollars at knock down price :-)
Thanks Lisa, that is interesting to note.
From what I know Peter he's an extremely wealthy individual, someone I would say who puts his money where his mouth is . . . . He was co-founder of the Quantam Fund with George Soros another BIG hitter.
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