Jim Rogers says that he is long cotton :" the next (crisis) is going to be worse , we've had recessions every four to six years in America since the beginning of time that means by the end of 2011 or 2012 or 2013 we gonna have another economic slowdown in America , when that happens what are they gonna do ? they've shot all their bullets you know America quadrupled its debt last time when you taking things like the Fannie Mae , you know we took on 6 trillion dollars of Fannie Mae obligations we say we do not even talk about it anymore ...and somebody is going to pay it off and we can't print that much more money again there're not enough trees in the world to print that much money , ...I know there are not enough COTTON , I am long COTTON , there is not enough cotton for them to print that much more money . My point is the next time there is a slowdown it is going to be worse than the last time because we shot all of our bullets
(SOURCE :http://jimrogers1.blogspot.com/)
0 comments:
Post a Comment