“Jim Rogers was the topic of discussion following a recent interview at a wealth-management conference in Vancouver, B.C. when he stated that the U.S. national debt, which comes out to about $5 trillion held by the public, has essentially doubled due to credit crisis bailouts.

So much for free market economics.

Rogers goes on to say that interest rates will be forced to climb. Foreign investors will not buy American debt if there are no incentives to do so. And Americans are clueless as to how bad things are going to get down the road.

Every time there is a problem, U.S. Federal Reserve Chairman Ben Bernanke and his henchman come to the rescue. They just keep propping everything up and bailing out weakened institutions. (See link to article at end of this story.)