Renowned investor Jim Rogers, co-founder of Soros Fund Management, has issued a grave warning about the escalating debt levels in the United States and the impending global financial crisis. Rogers highlights how the US has transitioned from being a creditor nation to the "largest debtor nation in the history of the world" within a span of just 50 years. In an interview with Sputnik International, Rogers emphasizes that the US's mounting debt, currently standing at a staggering $32.47 trillion, will inevitably lead to persistently high inflation and increased interest rates. He draws a parallel to the 1970s and 1980s when inflation was rampant, causing government bond interest rates to skyrocket to 21%. Rogers believes that the current inflationary conditions are even worse. Notably, the United States was still a creditor nation in 1980. However, it has now accumulated unprecedented levels of debt. Rogers cautions that while the situation may seem stable at present, it will not last indefinitely. The debt burden must be addressed, leading to either more money printing, borrowing, or both. Such actions will contribute to escalating interest rates and further inflation due to the massive injection of money into the economy. According to Rogers, the historically high debt levels in the US will precipitate the most significant economic crisis in our lifetime. He compares it to the 2008 financial crisis, which was largely caused by excessive debt. Since 2009, debt levels worldwide have skyrocketed, making the next financial problem even more severe due to the substantially larger debt burden. The legendary investor also expresses concern that the US government and the Federal Reserve lack the necessary tools to effectively mitigate the upcoming crisis. Their primary response will likely be to print more money and potentially implement stricter controls. However, Rogers argues that such measures often exacerbate the situation in the long run, offering only a temporary respite. A recent report by the Congressional Budget Office (CBO) echoes these concerns, projecting that the national debt will outpace the country's gross domestic product (GDP) over the next three decades. The CBO predicts that by 2053, the national debt will reach a staggering $143.895 trillion, nearly three times the country's GDP. In conclusion, Jim Rogers' warning about the escalating debt levels in the United States and the subsequent global financial crisis carries significant weight. His insights highlight the urgency to address the mounting debt burden to prevent severe economic consequences. The projected trajectory of the national debt, as indicated by the CBO report, underscores the pressing need for proactive measures to avoid a catastrophic financial crisis in the future.