Jul 17, 2009

Jim Rogers on socialism in the U.S.

America now owns the car industry. America owns the mortgage industry. America owns a lot of the insurance industry. Karl Marx must be somewhere standing up in his grave cheering. And why is that? America has become a socialist and maybe even communist nation in many ways.

~ Jim Rogers, "'Printing money will lead to serious problems down the road,' says Jim Rogers," Business Intelligence Middle East, July 17, 2009

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