Jim Rogers: US bailouts add to depression risk

Jim Rogers speaks with Bloomberg TV about the economy, saying he expects the US to have a very long recession with great risks for civil unrest within the nation and across the globe.

Jim feels strongly about the ongoing bailouts in the US economy, calling them “totally outrageous” and indicative of “absurd economics and absurd morality”. Unfortunately, the US government have taken it upon themselves to prop up failing companies with taxpayers’ money, throwing good money after bad in the process.

Rogers also shares thoughts on the investment ideas he’s optimistic about, his long and short postions, the needed foundations for a sound economic recovery, and a great deal more, so have a look!

Related articles and posts:

1. Jim Rogers talks to Bloomberg TV – Finance Trends.

2. AIG bailout provides derivatives blueprint – Finance Trends.