By Dominique de Kevelioc de Bailleul
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.”
Rogers’ more dire message recently speaks to the consensus of other thoughtful and unencumbered minds of economics and finance this week, especially today, as Bloomberg featured gold standard advocates Jim Grant and Jim Rickards during a lengthy joint discussion with the two men on Money Moves.
Rogers doesn’t refer to gold standards much as Grant and Rickards have lately, but he has discussed his fear of central bankers and their printing presses running wild in response to the crisis. Today, he believes the global financial system cannot weather a multiple of more debt added to the already highly leveraged central banks balance sheets prior to 2008.
