According to legendary investor Jim Rogers, America's next great financial crisis has already begun.
If he is correct, things are about to get very ugly - and fast.
Estimates indicate rapid-fire losses in the S&P 500 of between 50-80%.
We could eventually see up to 7,000 banks (perhaps including yours) fail, in quick succession.
All told, this American "reckoning" promises to vaporize some $68 trillion in wealth... twice the damage we saw from the 2008 crisis.
More than that, Rogers says:
"Many old institutions, traditions, political parties, governments, cultures, even nations will decline or collapse or simply disappear. Museums, hospitals and other institutions we know and love are headed for trouble, and we are going to see a lot of them vanish in the upheaval."
If you doubt Jim's thesis, please understand.
This man has been making flawless predictions for 40-plus years now.
In 1970, he called the coming super-rally in long-dead commodities. It allowed his Quantum Fund to average 420% annual gains... for 10 straight years!
In 1999, Tech was on fire. Jim ignored the mania. Instead, he called the beginning of another commodity "super cycle." Oil promptly jumped 390%. Copper climbed 462%. Uranium skyrocketed 2,900%. Jim got even richer.
In 2006, with real estate soaring, Jim shorted Fannie and Freddie and U.S. financials. When the 2008 crisis hit, he got even richer.
In fact, Rogers has pocketed some $300 million from his predictions alone.
Now he's predicting the biggest financial collapse in our nation's history.
As always, Jim is basing his call on sound research and mountains of data.
I'm talking about the Bible's Book of Joshua (Chapter 9, Verse 23).
According to Jim's reading, this obscure passage not only explains why the coming collapse is inevitable.
It reveals how the coming "reckoning" will separate investors into two groups: winners and losers.
Most importantly, it indicates how YOU can come out on the winning side.
For complete details - including how to prepare - please click here now.
And don't wait. The reckoning is already upon us, as you'll see.
Publisher, Wall Street Daily
P.S. I just sat down with Jim in New York City to discuss his thesis. In this exclusive interview, Jim reveals the entire situation. He uses just 9 charts to paint a picture of what's coming, from the data side. Then around minute 31, he reveals 9 words from the Bible that could save your retirement. Simply go here for details.
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