The clowns in Washington are running up the debt, and we have a crisis approaching us. Countries never deal with these things until a crisis hits. It will probably be in the currency markets, possibly as early as this fall.

Bond holders should take a hair cut. They were the ones who made the mistakes.

There is going to be some pain in the short term. But nations have gone bankrupt throughout history, and people got through it.

Nobody wants to take pain, even when it is staring us right in the face. That is a big problem here in America.

Invest in what you know. Otherwise, keep your money in cash and wait. Wait until you see a good opportunity and then put your money there.

As far as Jim Rogers on agriculture, cotton is going through the roof, and corn is hitting new highs. Invest in agriculture. It could be the big boom story of our time. The Jim Rogers on agriculture analysis continues to say that rice and sugar might be a great place to make a ton of money in the future.

When we accept reality and stop spending money that we don’t have, then we will have to live within our means for a bit, and then we will come out of it. We’ve got to face the facts, and then we can deal with the problem.

There are fantastic opportunities in agriculture. The Jim Rogers on agriculture opinion is that farmers are going to have a great 20 years.