Posted on 06/27/2016 10:55:41 AM PDT by GilGil
The UK's decision to leave the European Union will lead to an economic crisis more severe than what the world faced in 2008, according to legendary investor Jim Rogers, chairman of Rogers Holdings.
This is going to be worse than any bear market youve seen in your lifetime, he said on Yahoo finances Market Movers program Monday. 2008 was bad because of debt. The debt all over the world is much, much higher now. Stocks in the US, for instance, have been going sideways for 18 months to 24 months. Thats called a distribution by many people. When you have distribution for a year and a half, it usually leads to bad things.
(Excerpt) Read more at finance.yahoo.com ...
I just see it as a stabe, solid, and tangible asset that could be used in place of Gold. Of course trade and gold have also been triggers for war.
Note I didn’t say all property in the US just that owned by the goevrnment, so there is also the risk that the government starts trying to enlarge holdings from it’s citizens. If it was all property then I would fear the overtaxation on citizen owned property.
People ragging on OP for calling UK’s economy the size of a pea when it is the “5th largest” need to take a closer look at just what KIND of spending makes up their economy.
Namely, horridly inefficient government spending. Their private economy has been in the toilet for a decade if not an entire generation at least. Things went nowhere but stagnant at best and generally downhill since Thatcher.
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