Jim Rogers Interview CNN Money 20 June 2011

Legendary investor Jim Rogers chairman of Rogers Holding interviewed by CNN Money about the Greece debt crisis : "...Greece is bankrupt and the sooner we recognize that and do something about it the better , some of the politicians in Europe are just trying to push it down the road , eventually we gonna have to bite the bullet and some banks and bond holders are going to lose a lot of money , it's not the end of the world it is losses but it is not the end of the world .."
"There is no way Greece could pay all of those debt , if you just look even with their austerity plans , the debt still continues to rise , they rise at a slower rate but the debt goes up , this is not going to work pushing the can down the road"
"Somebody has to take some losses , but Poppy that's good , you take the losses you reorganize and you start over from a sound base , then people make a lot of money"




Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.