Jim Rogers Exclusive: Bigger Financial Shocks Loom Consequences to Impact for Years

Keith Fitz-Gerald wrotes: VANCOUVER, B.C. – The U.S. financial crisis has cut so deep – and the government has taken on so much debt in misguided attempts to bail out such companies as Fannie Mae ( FNM ) and Freddie Mac ( FRE ) – that even larger financial shocks are still to come, global investing guru Jim Rogers said in an exclusive interview with Money Morning .

Indeed, the U.S. financial debacle is now so ingrained – and a so-called “Super Crash” so likely – that most Americans alive today won't be around by the time the last of this credit-market mess is finally cleared away – if it ever is, Rogers said.

The end of this crisis “is a long way away,” Rogers said. “In fact, it may not be in our lifetimes.”

During a 40-minute interview during a wealth-management conference in this West Coast Canadian city last month, Rogers also said that:

* U.S. Federal Reserve Chairman Ben S. Bernanke should “resign” for the bailout deals he's handed out as he's tried to battle this credit crisis.
* That the U.S. national debt – the roughly $5 trillion held by the public– essentially doubled in the course of a single weekend because of the Fed-led credit crisis bailout deals.
* That U.S. consumers and investors can expect much-higher interest rates – noting that if the Fed doesn't raise borrowing costs, market forces will make that happen.
* And that the average American has no idea just how bad this financial crisis is going to get.
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