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Jim Rogers - The United States Will Not Default
Posted by: Canadian Value (IP Logged)
Date: October 4, 2013 09:09AM
Rogers thinks that it would be wonderful if the government would shut down so that we could get rid of the bureaucrats.
He thinks that all of the latest antics are just another Washington stage act.
Rogers says there is no way that the U.S. would ever default because they can always simply print more money.
At some point Rogers thinks that the Chinese and other lenders that hold all of the U.S. debt are going to wake up and not continue to gobble up Treasuries at low interest rates.
Stocks Discussed: SPY, DJI, QQQ,
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