Jim Rogers: "US will lose economic war"

Jim Rogers: "US will lose economic war"

China has become the world's fastest growing economy, what can the US be taught from the Chinese as the US economy continues to struggle? Jim Rogers, co-founder of the Quantum Fund says that US citizens should save and invest their money as their Chinese counter parts have. The Chinese are saving and investing an average of 35% of their income, taking an age old US principle and using it to their advantage.

US income gap, worst in developed nations

US income gap, worst in developed nations

As the shaky economy attempts to heal, a census report released shows the United States has the worst income gap ratio out of all the westernized countries in the world. In this day and age where more Americans are using food stamps, how are some profiting so much? Nomi Prins says there have been fewer jobs, which means less income for people which lead them to fall into poverty levels. Coupled with a rise in increased costs the income gap will only get worse.