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Obama Will Wreck The Economy Before He Goes
- According to Jim Rogers, a U.S. economic recession is inevitable in the next year.
- The famous Jim Rogers is the chairman of Rogers Holdings.
- Rogers argues that the U.S. has a recession every 4 to 7 years and it has now been 8 years since the last.
- He cites instability in the Chinese and euro-zone markets.
Rogers Holdings Chairman Jim Rogers is certain that the U.S. economy will be in recession in the next 12 months.
During an interview on Bloomberg TV with Guy Johnson, the famous investor said that there was a 100 percent probability that the U.S. economy would be in a downturn within one year.
“It’s been seven years, eight years since we had the last recession in the U.S., and normally, historically we have them every four to seven years for whatever reason—at least we always have,” he said. “It doesn’t have to happen in four to seven years, but look at the debt, the debt is staggering.”
Rogers was not specific on what could trigger a disorderly deleveraging process and recession but claimed that sluggish or slowing economies in China, Japan, and the euro zone mean that there are many possible channels of contagion.
The former partner of George Soros suggested that if investors focus on the right data, there are signs that the U.S. economy is already faltering.
“If you look at the … payroll tax figures [in the U.S.], you see they’re already flat,” he concluded. “Don’t pay attention to the government numbers, pay attention to the real numbers.”
“It might even turn into a bubble,” he said of the greenback. “I mean, if markets around the world are crashing, let’s just say that scenario happens, everybody’s going to put their money in the U.S. dollar—it could turn into a bubble.”
Rogers added that a strengthening U.S. dollar has historically been negative for commodities—the asset class that the investor is best-known for.
While the yen is often designated as a risk-off currency, it won’t benefit in the event of a flight to safety due to the massive, continued expansion of the Bank of Japan’s balance sheet, according to Rogers, who said he exited his position in the yen last Friday.
34 Comments
He already has wrecked the government, now, he will instill “Marshal Law” therefore, not leaving office in times of crisis!
That was his plan any ways, we knew it for years, can’t get the bum off his welfare ride and wants his life time free ride.. There won’t be a third term it is dictatorship… for as long as he can hold it.. He is nothing more then a communism pigs another Hitler , you can see the holocaust on all Whites ,Jews and Christians now all over the world
His intent is to destroy the USA for the sake of his Muslim brotherhood. He will do this at any cost. He does not respect the Constitution nor American values.
Everything this administration has proposed or accomplished has been at the expense of degrading our Constitutional Rights and compromising our will to respond and fight against the forces of political correctness.
It would seem someone would fertilize you canny cut taxes and give out free stuff
Because he is a Muzzrat P.O.S.!!!!!
Bama is a muslim and a traitor. Not hard to figure out.
Why not he has been doing it all along anyway. Killing coal jobs pipe line jobs. How many new job killing Reg, by the Thousands. Killing oil jobs. closed how many Auto Plants! killing more jobs with new low wage. kids mowing grass for $15.00 hr. hmmmmmmmmm. obammy the job killer!
He has been working to destroy us since day one! He has NOT done one positive thing for
America! It is too bad that we have a Congress
that is as worthless as obama!
He already has begun this process. His goal is to destroy the moral compass then bankrupt the country then blame it on capitalism and the Republicans. After that he can turn the USA into a socialist/communist country.
DEBT and no way to pay it back.
HE HAS DONE NOTHING TO SHOW ME ANYTHING BUT THAT ,LOOK AT HIS TRACK RECORD.
He has no regard for the people. He has a source of income sometimes quoted as $72,000 a month so he is not concerned.
He had wrecked our economy by his actions and has caused the US to accumulate a 19 trillion debt which we can never pay.
HBO is an enemy of the USA. and is financed by another enemy of the USA George Soros! This is a planned effort by radicals who despise the USA!!!
To make people blame the coming Republican POTUS and because basically he hates America, the “Evil Empire” as his father was calling America!
Because he hates America as she is…he, like the rest of his party, will never be happy until America is a Socialist or Communist nation!!
He doesn’t care. He doesn’t know how.Anything that Congress tries to submit ,Obama fights it. He is giving our money to other countries.
It’s the derivatives market bubble that’s going to pop people. Look in to it
He’s already doubled the debt and his pen is poised for more.
And yet the same morons that voted him in Twice. Are now voting for Hillary and are so damn blind to the facts it makes my blood boil !
he does not believe in the christian values that the USA was founded on.
That is what he was trained to do in college. Control the people by keeping them destitute.
Rothschild said first. Control the money and you control the people-no military needed.
We basically have a double dip recession because of the extremely weak recovery, which for many people just isn’t one. Trump is right! All our good jobs have gone overseas. Will our country service until 2017? Only God knows.
Because everything this moron touches turns too crap.
That is his GOAL………..
Obama’s plan, all along, was to destroy America. I believe he had/has financial backing from ISIS and other muslims toward that goal. He will not let any opportunity to further damage us as a nation before he leaves office. I don’t believe he will ever voluntarily leave office.
It will serve the people right fior voting for Obama twice. The only thing is that will hurt everybody. I can’t believe the American people was so stupid for voting for such an idiot in the first place. I wish he would go back to Kenya and climb a tree where he would be right at home. Those sore head Democrats could go along with him. Hillary Clinton could go along also. She would be right at home too. She could take Bill along with her.
i have known this since he has been elected and watched him close down places like Gibson Guitar for little thing like the wood they use and tell them if they move overseas they wont do anything and people just dont realize how much work he is trying to get out of this country and destroy it for this is the biggest mistake these fools who voted for him dont even see it coming
Obama wrecks just about everything America or is tied to American values, so why would he not also destroy the economy.
Because he hates America and he hates what we stand for . Its his objective to destroy our country as an Muslim worshiper .
He has already wrecked the economy and bankrupted the nation.
Because he’s been wrecking the economy since 2009!!
Just another GOP lie , they have done everything they could to wreck every program he has set before them , if the GOP get the White House they will finish what the last Bush started
He has spent more money than any president and we owe too much. H hates this country and we have NO guts in DC to stop him.
McConnell should be put on a poll and driven out of America. He is a traitor as several other RINOS are.