Opinion: (Jim Rogers, CEO and chairman Rogers Holdings): “The world is definitely going to face another financial crisis stemming from problems in Europe.

“‘We’re certainly going to have more crises coming out of Europe and America; the world is in trouble. The world has been spending staggering amounts of money that it doesn’t have for a few decades now, and it’s all coming home to roost.’

“He added that the crisis would be much worse than the one markets saw in 2008 because the debt is much higher now.

“‘Last time, America quadrupled its debt. The system is much more extended now, and America cannot quadruple its debt again. Greece cannot double its debt again. The next time around is going to be much worse’…

“‘It would be better off if we can hold the euro together and we reorganize. People are bankrupt and when people are bankrupt you might as well face reality. Reorganize the assets, competent people (will) come in and you start over from a sound base'”…

My Comment: The world needs to reorganize not the assets, but thinking. It has to make it integral and use it to build a new integral society connected by integral economic relations. This is the future, whether we want it or not, and we will have to understand, accept, and build it.
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