US is exceptional, it's the largest debtor in the history of the world: Jim Rogers

This budget brinkmanship nonsense has happened 18 times in the last 30 years and America has been kicking its debt problem down the road for 60 years, according to investor Jim Rogers.

"And countries that are lending to America…Russia, China, a few other countries are starting to say, 'we've got to do something else, we cannot keep putting money into US dollars and into US government bonds, because this thing is going to end badly,' I'm not the only one who knows that."

The US is exceptional, says Rogers, "it's the largest debtor nation in the history of the world."