Will there be another market crisis ?
"I know we're going to have another [financial crisis]. What I said was, the next one, when it comes, is going to be the worst in my lifetime. 2008 was bad because there was a lot of debt. Well, the debt is much, much higher now.
People talk about austerity but nobody, nobody has reduced their debt. Everybody has increased their debt. The Federal Reserve in the U.S. has more than quintupled its balance sheet alone in nine years."
Stocks
"I will not buy shares in the U.S., under any circumstances. Not now. If you have to buy shares, Japan is down 50% from its all-time high, China is down 50% from its all-time high. Russia is hated. There are markets in the world that are not racing after all-time highs if you have to buy shares. Now, I don't have to buy shares so I'm not buying shares."
via prweb.com/releases/birch-gold-group/jim-rogers/prweb14580136.htm
