Jim Rogers: Governments will kill cash, use cryptocurrencies ‘to control people’

First it was Jamie Dimon. Then it was Robert Shiller. Is Jim Rogers next?

What do all three of these men have in common? They have placed bitcoin and cryptocurrencies in a negative light.

Speaking to the Stansberry Investor Hour, legendary contrarian investor Jim Rogers explained that governments want to kill cash, and they will inevitably utilize digital currencies to control the public.

“Governments don’t like cash because it’s expensive and because they can’t control you as much,” Rogers said. “Everyone’s going to get rid of cash. Governments could issue their own cryptocurrency to control people. Governments like to have all the power themselves.”

He pointed to China as a place that doesn’t use money. Rogers noted that Chinese consumers will purchase a cup of coffee with their phones.

The bestselling author also predicted that his children won’t go to a bank, post office or a doctor’s office. In the future, everything will be dominated by computers and the Internet.

In addition, Rogers warned about the next biggest economic collapse that will be dominated by debt.

“The next financial problem will be the worst in my lifetime because there’s so much debt,” Rogers stated.

“The debt is much higher than in 2008. America is the largest debtor nation in the world. Japan has staggering debt. They have a declining population and debt that’s going through the roof. If I were a 10-year-old Japanese, I’d get myself an AK-47, and I’d leave.”

You can watch the entire interview below:

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