I’ve been telling you for quite some time now the worst is yet to come. Some scoff and think I’m full of it, and choose to believe the lies of Barack Obama. Him, of all people! A community organizer with no real world experience. So how’s the economy doing? I don’t think I need to rub it in any more.

via CNBC:

The U.S. is approaching a financial crisis worse than 2008, Jim Rogers, chief executive, Rogers Holdings, warned CNBC Wednesday.

“The debts that are in this country are skyrocketing,” he said. “In the last three years the government has spent staggering amounts of money and the Federal Reserve is taking on staggering amounts of debt.

“When the problems arise  next time…what are they going to do? They can’t quadruple the debt again. They cannot print that much more money. It’s gonna be worse the next time around.” [...]

He said he owns Chinese stocks, currencies and commodities, adding the Chinese yuan will be a safer currency than the dollar.

“The U.S. is the largest debtor nation in the history of the world,” he said. “The debts are going through the roof. Would you keep lending money to somebody who’s spending money and not doing anything about it? No you wouldn’t.”

Gee. Seems to me I said the same thing a few months back. Lending money to the United States is like lending money to an alcoholic, all you’re doing is enabling the problems and the irresponsibility to continue, that’s common sense. But then we are talking about the Obama regime, aren’t we?

What did I also say a couple of months ago? Think about investing elsewhere, put your assets in another country, and think seriously about leaving. Turns out I’m actually on to something, huh?

He called Federal Reserve Chairman Ben Bernanke a “disaster” who has “never been right about anything” since he’s been in Washington. “I hope he doesn’t come back with QE3 but that’s all he knows. The only thing he knows is to print money.”

He predicted that after the Fed ends its quantitative easing program, known as QE2, this month, it may come back under another name.

“They’re gonna bring it back because [Bernanke will] be terrified and Washington will be terrified,” he said. “There’s an election coming in November 2012. Washington’s gonna print more money.”

Like I’ve been saying, it’s time to prepare, and it’s time to have an escape route planned. We’re going down with this regime. Another 4 years of Obama and “The Great American Experiment” is over.