Jim Rogers on The Mangru Report
Author and commodity investor Jim Rogers appeared on The Mangru Report to discuss current economic issues with host Dan Mangru. An important point Jim Rogers makes in the interview is the devastating chain reaction that will occur when individual states start having pension fund issues and start to ask for bailout money. Once, state pension fund issues occur, problems will start to surface in the municipal bond market causing local governments to look for bailout money from the federal government. But the interview really got interesting around the 2:20 mark when Jim Rogers states:
“this is not over (Dan), there is a lot more outrage to come”. Other topics covered is the European crisis, student debt, IPO’s.