Jim Rogers: US Falling Into 'Deeper Trouble,' Faces 2013 Depression (Obamanomics Alert)

Newsmax ^ | 2011-12-05 | Forrest Jones & Kathleen Walter

[rabscuttle385]

The United States economy never really emerged from the recession that began in 2008 and is possibly headed for a more chronic depression, and the prognosis for recovery doesn't look good, especially in 2013, says international investor Jim Rogers.

President Barack Obama has tried to spend the economy back into recovery, which never helps, Rogers told Newsmax.TV in an exclusive interview.

(snip)

"In America we have had recessions every four to six years since the beginning of the Republic. So by 2012 or 2013, we're going to have another one, and it's going to be much, much worse. Whether that's a depression or not I don't know but be very careful because America is getting deeper and deeper into trouble," he said.

What can the government do? Reverse the spending policies of the Obama administration, he says.

"We cannot quadruple our debt every four or five years. We cannot print staggering amounts of money every four or five years. So there's going to come time when we've shot all of our bullets, and it's going to be a big mess."

[rabscuttle385]

[unkus]

ping

[combat_boots]

Ah. The Plan.

Since Soros is a US citizen, do we get to grab his retirement and investments when our ‘beloved’ government comes for ours?

[cripplecreek]

I know what will save us.

Lets give some money to Europe!

I r a genius.

[Tupelo]

But but but, I just heard today that Obama has brought unemployment down to 8.6%, created over 3 million jobs and the economy has been in the plus column for 18 months or so. And the recession has been over for darn near two years.
Where Have I been?

[ottbmare]

And the Republican president, whoever he is, will get blamed for it.

[unkus]

And the Republican president, whoever he is, will get blamed for it.

---

You’re right. That’s how Evil works.

evil bastards....

[goodnesswins]

And, that makes me think we REALLY need a FIGHTER as President....and the only one that I can see right now is Newt....not endorsing him, just sayin’

[unkus]

I agree. I have reservations too but damn it, we’re in bad trouble. Every day more and more sinister things come out of the 0bama regime and it’s ugly. I don’t know if we’ll recover.

[unixfox]

Since Soros is a US citizen, do we get to grab his retirement and investments when our ‘beloved’ government comes for ours?

God hates this man. I'm sure of it.

[TheLawyerFormerlyKnownAsAl]

we REALLY need a FIGHTER as President....and the only one that I can see right now is Newt

Problem is he is not a fighter.

[montag813]

These doom scenarios have been yelled for 2 years now. But in fact, the unemployment rate may be paralleling Reagan's first term, which could lead Obama to a big re-election. Charlie Cook explores this possibility HERE.

[sgtyork]

Yes, I can see that they are practically identical!!!!!

http://www.cehwiedel.com/blogs/traces-pix/2010/09/CalcRisk-JobLosses.jpg

What planet are you on?

[cherry]

its getting to a point that whatever hits the fan, as promised, is no longer believable...

I mean...we've been warned that 2009,2010,surely by Christmas 2011, and for sure its going to be TEOTWAWKI in 2012...now, we have to wait til 2013....

I wish TEOTWAWKI would get here and get over with.....geesh...

[cherry]

fighters?.....the only one I could see doing it is Rudy, Mario, or Chistie....maybe Cain....oh, those dark haired men....:)

[unkus]

I wish TEOTWAWKI would get here and get over with.....geesh...

---

The suspence is killing us. Seriously, I agree.

BTW-Things have gone too far. It won’t matter who wins the presidential election except a Republican would slow down the train wreck that’s coming.

[cynwoody]