by Phil Roosevelt
Jim Rogers, 78, an international investor and author now based in Singapore, co-founded the Quantum Fund with George Soros. He is a former member of the Barron’s Roundtable.
Barron’s: How does the world look to you?
Jim Rogers: Oh my God, do you have three days? We are in perilous times—very, very perilous times.
Will we go back to anything like normal after the pandemic?
Something else is ahead. A year ago at this time, America was the largest debtor nation in the history of the world. That debt is now up by trillions of dollars—that’s trillions with a T. Someday, we are all going to look back—three years from now, eight years from now—and say, “Wait a minute, what about all this debt? What are we going to do now?” That’s what happened to the U.K. The U.K. was the richest, most powerful nation in the world in the 1920s, and then took the path of “it doesn’t matter, we’ll spend all we want.” Fifty years later, the IMF had to fly into Heathrow and bail them out. They were bankrupt. So, I am afraid of what I see.