Jim Rogers : Other Countries could loot the Bank Accounts like Cyprus

Jim Rogers : “The IMF has said ‘sure, loot the bank accounts’ the EU has said ‘loot the bank accounts’ so you can be sure that other countries when problems come, are going to say, ‘well, it’s condoned by the EU, it’s condoned by the IMF, so let’s do it too,” “It is very artificial. If you give me a trillion dollars, I’ll show you a good time too and a lot of people are having a good time,” added Rogers. “I’m somewhat skeptical because I know it’s going to end badly.” - in CNBC


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%.