55. Jim Rogers on Government Debt and Economic Collapse (19 min)

Demographic Doom Podcast

The world is heading for a massive monetary collapse due to runaway money printing. Glenn Campbell has said it before on this podcast, and he'll probably say it again. This time, however, he has a witness—or at least someone with public stature who is saying the same things. Glenn begins this episode by playing a 4-minute edited clip from Jim Rogers, a 78-year-old investor who has warned about a coming calamity for several years. Rogers says government money printing is out of control and can only end in disaster. After the clip, Glenn presents his own case that government debt is the economy's biggest threat—even a threat to civilization as we know it. Governments can finance their massive debts only through the creation of new money, which will eventually result in a debasement of the currency and unpredictable shocks to the rest of the economy. That fact that stock markets are close to all-time highs at the time of this episode shouldn't be taken as reassuring. The whole system is deeply dysfunctional and can only end in an unthinkable outcome. — Twitter: @DemographicDoom — See the video version of this episode for notes, comments, corrections & links to other resources: j.mp/dd_rogers [ep 55, 19 Feb 2021]