During a recent interview with CBC, famed investor Jim Rogers predicted a pretty disastrous future for the global economy: “Eventually, the whole world is going to collapse,” he said.
“This is the lead story for the last 12 hours on TheBlaze, and I think it’s because people feel vindicated. They are watching him and saying, ‘Okay, all right, good. He is on it and he’s actually giving me a timeframe,’” Glenn said on radio this morning. “Now, for him to say that it’s going to happen in the timeframe that he does, I believe Jim thinks that it’s going to happen a little earlier because everybody always gives themselves much more time. And I want you to listen to what he says.”
Watch Rogers’ remarks below:
“Here’s what I would really like to know… and I’ve spent the last six years war gaming this in my head… When he says, ‘It’s going to end badly’ – the world has never seen global economic collapse – never in the history of the world… Americans have not seen that since the Great Depression,” Glenn said. “What does it mean for everyone to go down? Quite honestly, I think if everybody goes down, it’s not so bad.”
Glenn explained that as of now, the Russian and Chinese economies most likely whether any type of economic storm better than the United States. As a result, our children will be the “slaves in that situation.” But if are able to “cut a new course,” Glenn believes it is possible to avoid that fate.
“We were talking today in the morning meeting… somebody said, ‘You know, you want to sell the national parks?’ You’re damn right I do. Over my kids being a slave to debt? Yeah, I’ll sell the national parks. I’ll sell my house. I’ll sell my car. I’ll sell everything I have. I’ll get rid of my business. I’ll sell everything that I have so my children and my grandchildren aren’t slaves,” Glenn said. “You’re damn right I will… Who won’t? Forget about your country. Think about your children.”