Financial Armageddon Coming After Election

Famed investor Jim Rogers is saying that the meltdown of the global economy is coming after the election.

In a riveting interview on CNBC, legendary investor Jim Rogers warned Americans to prepare for "Financial Armageddon," saying he fully expects the economy to implode after the U.S. election.

Rogers, who for years has been an outspoken critic of the Feds policies of "Quantitative Easing," says the world is "drowning in too much debt." He put the blame squarely on U.S. and European governments for abusing their "license to print money." In the U.S. alone, the national debt has surged to nearly $16 trillion, that's more than $50,000 for every American man, woman and child.

"[They] need to stop spending money they don't have," Rogers said. "The solution to too much debt is not more debt... What would make me very excited is if a few people [in the government] went bankrupt..." Rogers added.

Rogers also charged Obama and German Chancellor Angela Merkel with promoting dangerous policies that create the illusion the economy is stable... but are really only intended to buy time before their upcoming elections.

How bad? Worse than Rogers predicts, according to a new investigation.

In a newly released documentary that went viral last month, a team of influential economic experts say they have discovered a "frightening pattern" they believe points to a massive economic catastrophe unlike anything ever seen in the history of the world.

Here;  http://moneymorning.com/ob/jim-rogers-its-going-to-get-really-bad-after-the-next-election/?utm_expid=5485297-8&utm_referrer=http%3A%2F%2Fpaid.outbrain.com%2Fnetwork%2Fredir%3Fkey%3D9b749afe0a597feb817e74899db1b05b%26rdid%3D394824098%26type%3DCAD_d%2Fg3_ch%26in-site%3Dfalse%26pc_id%3D9513251%26req_id%3Dcab8150ef7654e7d35f4d5a51607d03f%26agent%3Dblog_JS_rec%26recMode%3D7%26reqType%3D1%26wid%3D100%26imgType%3D0%26adsCats%3D1708%2C-1%2C-1%26refPub%3D489%26prs%3Dtrue%26scp%3Dfalse%26fcapElementId%3D6439

Did you see that??  An economic catastrophe unlike anything ever seen in the history of the world??

That's darn serious...because the world has seen plenty of economic disasters.

What is interesting is that for the first time in the history of  the world the global finances are very closely linked.  No one has any idea how much Greece owes Italy, Italy owes France, France owes Germany and how much the USA owes Europe.

Of course if this is true, we may be enjoying the calm before the storm.  We may be in for something the likes of which the world has never seen.

Are we all holding on to a Firm Foundation?  What is everything in our comfortable lives is about to disappear?

Hat tip to Kevin W.