Jim Rogers gave a typically stirring interview yesterday to the Economic Times of India. The legendary investor warned that the U.S. was prepared to "juice" up the economy just in time for the 2012 elections:
"You have to remember two things -- election in America in November, so you are going to see a lot of good news. Of course you have the American government spending staggering amounts of money right now, printing a lot of money and getting ready for the election. It happens every four years in America. They do their best to get the economy juiced up so they can win the election."
When asked about the EU debt crisis strategy would do for commodity prices, Rogers was also dismissive:
"They have postponed Armageddon, I am glad you put it that way. We discussed before here that 2013 and 2014 are what I am most worried about because this year everybody is trying to just get through the next election. There are 40 elections in 2012. Everybody is going to do their best to get us through the election. Watch out for 2013."
Rogers made one thing very clear: "I'm not selling my gold."
You can watch the entire video here.
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