Last month, Investment Director Keith Fitz-Gerald of the financial site Money Morning interviewed legendary investor Jim Rogers. Fitz-Gerald wrote today:

The U.S. financial crisis has cut so deep – and the government has taken on so much debt in misguided attempts to bail out such companies as Fannie Mae (FNM) and Freddie Mac (FRE) – that even larger financial shocks are still to come, global investing guru Jim Rogers said in an exclusive interview with Money Morning.

Indeed, the U.S. financial debacle is now so ingrained – and a so-called “Super Crash” so likely – that most Americans alive today won’t be around by the time the last of this credit-market mess is finally cleared away – if it ever is, Rogers said.

The end of this crisis “is a long way away,” Rogers said. “In fact, it may not be in our lifetimes.”

You can read part one of the exchange between Fitz-Gerald and Rogers here.

Source:

“Exclusive Interview: Jim Rogers Predicts Bigger Financial Shocks Loom, Fueling a Malaise That May Last for Years” (Part One)
Keith Fitz-Gerald
Money Morning, August 19, 2008

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