Source: Zero Hedge
Billionaire commodity guru Jim Rogers believes the next economic catastrophe is coming. And when it arrives, it’ll be the worst financial calamity the 74-year old investor has ever seen.
Rogers, who discussed his outlook on “The Bottom Line” with Henry Blodget, told the Business Insider founder that the tremendous debt buildup and unreasonably high asset valuations have made the global economy even more vulnerable than it was in 2008, and that the next crash will the “the biggest in my lifetime.”
Meanwhile, the spark that ignites the next crisis could be the collapse of a pension fund – or it could be something unforeseen, as Rogers explains below:
“Well, it’s interesting because these things always start where we’re not looking. In 2007, Iceland went broke.
People said, ‘Iceland? Is that a country? They have a market?’ And then Ireland went broke. And then Bear Stearns went broke…
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