Jim Rogers: The Markets may collapse starting fall of 2012

Jim Rogers: ....... What I said was there’s going to be a lot of good news in 2012. There’s an election in the U.S. But there are 40 elections around the world this year. Something like 40 to 50 percent of the world economy is having elections this year and early next. So you’re going to hear a lot of good news. However, it’s good news; it’s not reality. The reality is that things are getting worse because this good news has come at the expense of taxpayers all over the world with debt going through the roof, and the situation is getting worse. People will notice by 2013 or 2014, maybe sooner, maybe even the fall of 2012, because the market looks ahead, I’m not the only person who knows this is all a scam built on sand; we have problems and they’re going to be worse. In 2002, America had a slowdown. In 2008, the slowdown was worse, because the debt was so much higher. Well, the next slowdown is going to be even worse because the debt is going to be that much higher. We’ve had economic slowdowns every four to six years in America, since the beginning of the Republic. So certainly by 2013 we’re due, if not before or later, but it is coming. And when it does, it’s going to be worse than the past. Because all of this good news — and I emphasize the word “news” — is artificial news, while the underlying reality continues to corrode and get worse. - in seekingalpha



 
Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.