Jim Rogers: When You Destroy the Savings Class, You Destroy the Future of Your Country

Investor Jim Rogers joins Judge Napolitano on September 22, 2010 to discuss the many problems plaguing the U.S. and global economy:

I am hearing it from many people in Europe, many people in Asia, who understand you cannot spend money you don’t have, you cannot print money you don’t have. You can do it, but you can only do it for so long – you ruin your currency, you ruin your economy, you ruin your country.

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You’ve got to cut spending horribly – you’ve got to cut taxes. If I were running things we would take an axe to all spending, we would cut it, and then we would cut taxes. We would let the American people decide what to do with their money. I know a lot better what to do with my money than Bill Clinton, or George Bush, or – what’s his name – Obama.

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When you destroy the savings class, you destroy the future of your country.

Watch the complete interview with Jim Rogers: