American Bank Deposits are at Now Risk

Jim Rogers : “I, for one, am making sure I do not have too much money in any one specific bank account anywhere in the world, because now there is a precedent,” he says. “What more do you need to know? Please, you better hurry, you better run for the hills. I am doing it anyway,” Mr. Rogers said. “I want to make sure that I do not get trapped. Think of all the poor souls that just thought they had a simple bank account. Now they find out that they are making a ‘contribution’ to the stability of Cyprus. The gall of these politicians.” The IMF and European Union have told Cyprus, “loot the bank accounts,’” Mr. Rogers adds. “So you can be sure that other countries when problems come, are going to say, ‘well, it is condoned by the EU, it is condoned by the IMF, the ECB says it legal, so let’s do it too.’” - in a recent interview




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%.