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Investor Jim Rogers: US is “More Communist than China”

Investor Jim Rogers, CEO of Rogers Holdings, incredibly, told CNBC Europe on Monday that the nationalization of Fannie Mae and Freddie Mac shows that: America is more communist than China is right now. You can see that this is welfare of the rich, it is socialism for the rich… it’s just bailing out financial institutions …This is madness, this is insanity, they have more than doubled the American national debt in one weekend… He appears to be an expert investor […]

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