"In September of 1981 the long-term bond in America was at 15.50%. I'm not talking about junk bonds, I mean Treasury bonds. By the way, one other thing, in 1981 America was a creditor nation. Now we are the largest debtor nation in the history of the world and the debt is getting higher every day, every hour."

Jim Rogers

 

"2008 was awfully bad but since then the debt has gone through the roof, goverment debt alone has doubled since 2008. So the next bear market is going to be the worst in our lifetime"