Oil 'could hit $200 a barrel' says investor Jim Rogers

Jim Rogers: The largest creditor nations in the world are in Asia now: China, Korea, Japan, Hong Kong. This is where the assets are. You know who the debtors are and where they are.

Economic Turmoil In 2011

By Stephen Lendman 23 January, 2011

Wall Street predicts blue skies. Economic recovery will continue. Stocks will deliver double-digit gains. On January 14, the Wall Street Journal's Economic Forecast Survey headlined, "Economists Optimistic on Growth," expecting in 2011:

Others disagree, including long-time insider/market analyst Bob Chapman, calling current economic policy destabilizing enough to have profound future social costs. Sometime in 2011, he says conditions are "going to be nasty. The handwriting is on the wall," but no one's listening.

Trends forecaster Gerald Celente says 2011 will be a "wake-up call (for) how grave economic conditions have become" because of ineffective, self-serving, counterproductive solutions. As a result, he sees "crack-up" ahead based on reliable indicators like unemployment, housing, currencies and sovereign debt problems, "all border(ing) between crisis and disaster." FULL STORY