In the interview below, Jim Rogers discusses with RT how much danger the global economy is in right now, specifically because Deutsche Bank is teetering on collapse, but that is just one of many potential reasons the global economy is in danger. Jim is very blunt in his response about what a Deutsche Bank collapse would mean for the world. Jim says, “If Deutsche Bank goes bankrupt, it is going bring down the entire world financial system.”
Who is Jim Rogers? Why should you care what he says? First of all, listen to him because he’s right. Start learning facts, and stop listening to mainstream media propaganda. They are lying. Your life may depend on being prepared. Second, Jim is hardly alone in his line of thinking.
Many of the world’s best economists are saying a global reset is coming that will have an effect on the world like nothing mankind has ever seen before. One famous investor even goes as far as to say the collapse of the U.S. Dollar, and the global reset that follows it, will be the single biggest event in all of human history. Let that sink in…
Third, and lastly, you should care what Jim Rogers says because Jim is a legendary investor, one who co-founded the Quantum Fund, and retired at age thirty-seven. Do you know who his partner used to be? George Soros. Do you recall who is involved in virtually every major geopolitical firestorm anywhere on the planet, including the U.S. presidential election right here domestically?
Jim used to be partners with George Soros. Needless to say, Jim knows a thing or two about currencies, and he knows all about currency collapses as well, considering George Soros’ two nicknames in global currency markets are 1) “The man who broke the bank of England; and 2) The Currency Killer.
In an interview included at the bottom of the article, Jim Rogers is asked by RT if the economy is really as bad as some are saying, and if it’s going to get worse. Jim’s response is quite animated. He says:
“Of course it’s going to get worse. You SHOULD be worried … Get KNOWLEDGEABLE, get WORRIED, and get PREPARED! It’s going to be MUCH worse, and worldwide!”
The main reason the US government wants $14 billion in penalties from the German bank is that it is deep in debt. They’ve got a gigantic deficit – they are desperate for money. They’ll try to get it anywhere they can, Jim Rogers, financial commentator and investor, told RT.
Germany’s Deutsche Bank reportedly failed to reach an agreement with the US on settling a massive fine. The bank is facing a $14 billion fine penalty from the US Justice Department for mis-selling mortgage securities in the run-up to the 2008 financial crisis.
RT: Firstly just to make it clear why has the US imposed such an enormous penalty?
Jim Rogers: The main reason is that the US government is deep in debt. They’ve got a gigantic deficit – they are desperate for money. They’ll try to get it anywhere they can. I can’t imagine that Deutsche Bank should be liable for $14 billion, but I’m not involved.
RT: The bank said it won’t pay anything near to what the US has asked for – how will this be settled?
JR: Either Deutsche Bank goes bankrupt, which is going bring down the entire world financial system, or they are going to come up to some kind of compromise at a lower number. If Deutsche Bank does have to pay $14 billion – you should be very worried anyway, but especially if they have to pay $14 billion.