Right now, all types of debts are making historic highs, and everyone is convinced that they cannot lose money in bonds. Such things have happened before and they are happening again. As I have said before, the world has had economic problems every 5 to 10 years. We had a problem in 2008 because of debt, and the debt is much higher now. Thus, it is going to be an even worse problem than before.
Jim Rogers is a smart investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.
