The problem of too much debt is not solved by more debt

Jim Rogers : they (Europe) going to announce some good things and it is going to make everyone feel better for a while, but eventually a month six weeks two months from now three months from now people are going to say, wait a minute, we're back where we are. things are worse than they were before. Maria, the problem of too much debt is not solved by more debt. this is ludicrous - in CNBC 06 Dec 2011
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Europe in much better shape than the US

Jim Rogers : The U.S. as a whole is the largest debtor nation in the world and we have bankrupt state Illinois New York California etc.... , in Europe, the whole thing is not a big debtor nation. they're solvent. they've got individual countries, Ireland, Greece, etc..., that are bankrupt.But No they're not in much better shape than we are. - in CNBC 06 Dec 2011
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Jim Rogers Market Outlook for 2012

Jim Rogers on CNBC 06 DEC. 2011 : "well, 2002 we had a problem, 2008 was worse because the debt was higher, 2013 or whenever the next one is will be worse still, because the debt is going through the roof , so it's going to get worse and worse. we're shooting our bullets, we are wasting money."

Jim Rogers : there is already QE3

Jim Rogers : there is QE3 as you now the FED is pumping money into the system,Bernanke last August said he is going to keep interest rates artificially low , the only way you are going to do that Jeff is to go in the market , he is in the market , M2 numbers since this august when he announced it have jumped up , they're in the market Jeff They're lying to us , One reason the markets are holding up so well is that they are printing money as fast as they can.