Jim Rogers: America will have a few lost decades

legendary investor Jim Rogers used another opportunity to attack the U.S. economy, after some remarks he made earlier about that 2013 and 2014 will see markets slip into a deep recession. Now, Mr Rogers, reffering to the period between 2000 and 2009 who is often referred to as the "Lost Decade" for U.S. investing, said that there will be more lost decades for the States. During that time markets were barely able to scrape up any gains over the ten year period

Jim Rogers drew the comparison between United States of America's economy and that of Japan. The Asian one that has been well documented for years and years of poor market performance and a sputtering economy. "The idea that you prop up people who are bankrupt is what Japan did. Japan had two lost decades, America will have a few lost decades" said Rogers.

He suggests to invest in agriculture and farmland in order to protect yourself from these "Lost Years". Rogers has also stated that he likes both gold and silver, but for the time being he favors silver over its precious metal counterpart.