Jim Rogers, who when we last checked in was buying farmland, tells Bloomberg TV we're in for the worst time since the '30s, and the U.S. will face "civil unrest" as the economy worsens. Where to invest? He says commodities are the "only asset class where fundamental are improving."
What would he have done differently during this crisis? Pretty much everything. He would've let the worst banks go bankrupt, and says bailing out AIG is throwing good money after bad. As for the fallout, the government's bailouts will debase the currency and ultimately prove inflationary.
Bloomberg summarizes his comments here and the video is here.
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