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Jim Rogers: Obama Should Resign Before Inflation Sparks Unrest
Rogers expects there will similar protests in the United States.
“We are going to have social unrest in the U.S., too,” Rogers says. “We are going to have much higher prices. We are having serious inflation, which is going to get worse, and we have a government that is sitting down there spending staggering amounts of money, getting us deeper into debt.”
Meanwhile, the latest “Misery Index” shows that Americans are more miserable than they’ve been in the past 28 years, economically speaking.
The monthly index, an unofficial measurement created by economist Arthur Okun back in the 1970s using the simple premise to total the inflation and unemployment rates, is now 62 percent higher than when Obama first took office in 2009.