Legendary billionaire investor Jim Rogers is certain that the U.S. economy will be in recession in the next 12 months. During an interview on BloombergTV, he explained why he had covered his position in the Japanese yen, saying that the nation is “printing a lot” of the currency. Rogers also warned that there is a “100 percent” probability of a recession in the U.S. within a year, and with debt levels very high across the nation, this is a grave concern.

Jim Rogers sums up the carnage that is coming…

Video length: 00:04:44

Even The Fed tends to agree with him…

The latest reading of St.Louis Fed’s recession probability is higher than all but 3 months (in the last 50 years) when a recession did not immediately proceed.