Photo taken on Jan. 19, 2022 shows the White House in Washington, D.C., the United States. (Photo by Shen Ting/Xinhua)
MOSCOW, Feb. 7 (Xinhua) -- The U.S. national debt is likely to be much higher than Washington admits and the country has no chance of climbing out of its current debt hole, famed U.S. investor Jim Rogers has said.
The U.S. national debt exceeded 30 trillion U.S. dollars for the first time in history last month, "but there's dozens of trillions more debt off-balance sheet," Rogers was quoted by Russian broadcaster RT as saying recently.
Rogers said he thinks the actual debt load is seven times the official amount.
He said he believes that the U.S. strategy now is to sit and wait until the next generation has to deal with the debt problem.
"It is not a good time to be a young American," Rogers said. ■
