Jim Rogers: U.S. Poised For Major Crash

May 27, 2013 • 8:34AM

Jim Rogers, an international fund manager who once was a partner of George Soros, told Money Morning that the U.S. is poised for another massive financial crash, and that the world financial system is now built on the biggest Ponzi Scheme in history. In an interview with Fox Business, cited by Money Morning, Rogers warned, "I don't trust the data from any government, including the U.S. We know that governments lie to us. Everybody's printing money, but it cannot go on. This is all artificial... We're living in a fool's paradise," concealed by the quantitative easing. "The Bank of Japan says it's going to print unlimited amounts of money... Then Mr. Bernanke said I'll match that... I'll print that money too. The Europeans are catching on. You've got money printing going on everywhere and that has never been good for anybody. It cannot go on." Rogers told Fox that he expects that the bottom will blow out of the situation right after the German elections in September.