Jim Rogers Shares His Latest Outlook on CNBC Squawk Box

Jim Rogers, our perennial hero, shared his latest thoughts on Squawk Box last week - a real treat, he was on for the entire episode!  Videos below my summary notes:

• Greece should be allowed to go bankrupt (good ol' free market guy)
• Thinks government spending is the big risk factor in the global equation
• Says we should keep an eye on Iceland's big volcano
• Prefers silver to gold at these prices

Line of the day from Jim - he expects the next recession, whenever it comes, will be much worse, saying "They've shot their wad" when referring to government debt binges to soften the recession's blow - HA!