05:43
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People who saved their money, invested, did not buy 4 houses with no money down and no job. These people are being wiped out at the expense of the people who did.
And the reason is, there are more of them, than people who save and invest. Historically this has always led to a disaster for a country. You wipe out the people who save and invest and your country becomes a basket case.
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.
And the reason is, there are more of them, than people who save and invest. Historically this has always led to a disaster for a country. You wipe out the people who save and invest and your country becomes a basket case.
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.
Posted in: Wall Street Trading
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