Jim Rogers on UK Bailout

Britain illustrates our financial position well. The austerity measures aren’t enough to keep it solvent, but cause too much pain in the government dependent economy/populace to implement with any more rigor. You can tell when socialism matures in a country–it is bankrupt. America itself is a mature socialistic system, with nowhere to go but either through a painful restructuring and return to a free market, or toward a hopeless and chaotic embracing of the totalitarian state.

UK Economy: ‘The UK Will Need a Bailout Soon’: Jim Rogers – CNBC: www.cnbc.com/id/42926502

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