Jim Rogers said in an interview that he thinks Euro can not go on like this. It can not work anymore in next decade. This report published in the new issue of “The Economist”.
Rogers said after a few important elections, government certainly will increase its expenses. American economy will face a severe moment in 2013. He predicted that next financial crisis will be erupted in 2013 or 2014. At that time the debt will be too high, we will face the most severe moment that we never met before.
He advised that people do not invest American financial industry, especially American banks. But he still has confidence in China economy.
Ps. original version published on the website of Taiwan News by Theresa Huang