As Rogers moved from India's Economic Times, to Fox Business and over to his latest stop, CNBC, his message to investors is: If you think 2008 was bad, 2012 will be worse. "We're certainly going to have more crises coming out of Europe and America; the world is in trouble, Rogers told CNBC. He said everyone has spent beyond their means, public and private, and it's all coming home to roost. ... According to Martin Armstrong, founder of Princeton Economics, the breather between crises shorten until the final irredeemable breaking point is reached. Rogers believes that point is upon us, now, to as far out as 18 months. Those following Rogers know how conservative he is when discussing time horizons, which may suggest that an event may come closer to James Turk's expectation of mere weeks. And he concluded on that point, "In 2002 it was bad, in 2008 it was worse and 2012 or 2013 is going to be worse still - be careful. Read more: http://www.beaconequity.com/smw/14791/Global-Collapse-a-Done-Deal-says-Jim-Rogers#ixzz1dNRVatd8
As the above states, Jim Rogers is usually very reluctant to name dates. The fact that he has done so here is significant (imo).
