Jim Rogers: US Is Debasing Its Currency; Next 10 Years Dark Future

Global investor Jim Rogers expects serious economic catastrophe to befall the US and other western governments that debase their currency, and suffer from a serious ageing and diminution of their productive classes. Debt and demographic decline cast an ominous pall over the near to intermediate term future for these countries.

Rogers also expects widespread food shortages across the developed world, as the average age of farmers continues to increase. Although Rogers doesn't mention it, the same shortage of skilled labour is beginning to occur in many other crucial sectors as well, as younger generations are shunted away from skilled labour and skilled technical categories, toward the higher education bubble and the looming catastrophe that it entails.