Jim Rogers: Serious, serious problems, maybe perhaps war even.

Via Survival

We Should Take The Pain Now And Not Wait Until The Market Forces The Pain On Us

The problem is that the measures that America needs and not just America, many countries but especially America needs, would cause huge pain for a while. But if we don’t take our pain now and we wait until the market forces the pain on us, then it’s going to be you know a systemic collapse.

It’s going to be very, very serious pain; you’re going to see riots in the street. You’re going to see serious, serious problems, maybe perhaps war even. It’s better to go ahead and take the pain now, while it would be terrible for two or three or four years, at least we’d get it behind us and start over. - in FNN

Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.