Jim Rogers: US is exceptional…it’s largest debt nation in the world!
There may be progress in US over the government shutdown and debt ceiling, but it’s not all good. The deal being talked about now wouldn’t resolve the crisis – but rather kick the can down the road setting the scene for another budget showdown early next year. For more on this RT talks to investor Jim Rogers, author of ‘Street Smarts – Adventures on the Road and in the Markets’.
…more from Peter Grandich Oct 17th:
Isn’t it nice of Goldman Sachs… oops, sorry, the gold manipulators to throw us a bone this morning-lol
All kidding aside, and knowing the manipulators are still out there waiting in the weeds, I do think the sell-off in the terminally ill dollar makes sense. How could anyone in their right mind want to hold the currency of a country that just witnessed politics at its worse and is in grave economic and social danger to boot?
After witnessing what took place in D.C., this American knows it’s just a warm-up for what’ s to come. Years of kicking the can down the road are ending as the can barely was able to be pushed a little this time around. Whether there’s one or even two postponements of the inevitable doesn’t matter as the Fat Lady may not have sung, but she’s standing up and clearing her voice.
Also from Peter:
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