Jim Rogers: Don't See How US Can Ever Pay Off DebtsBy: Deepanshu Bagchee
Aug. 07, 2011
Christian Refugee Returns to Syria: 'I Was Scared When I Saw How Many Refugees Openly Pledged to ISIS'
Orban: 'The Youth of Western Europe Will Live to See When They Become a Minority in Their Own Country And Lose the Only Place in the World to Call Home'
Parkland Students Rally in Israel and Dubai to Demand Gun Control in America
'The Boer Project': Swedish Documentary Shows 'Reverse Apartheid' in South Africa
McMaster Pushes For War With Syria, Russia And Iran in Speech at Holocaust Memorial Museum
The U.S. doesn't deserve a AA-plus credit rating, much less triple-A, commodity bull and noted investor Jim Rogers told CNBC on Monday.
Rogers said the country was unlikely to be able to pay off its debt and Standard and Poor's rating cut had come too late and should have happened long ago.
"It seems to me it's physically, humanly impossible for the U.S. to ever pay off its debt," Rogers said. "They can roll it over and continue to play the charade, but the U.S. is bankrupt."