'Run for the Hills' Now, I'm Doing It: Jim RogersCNBC
Mar. 28, 2013
Pope Says Church Should Apologize to Gays for Orlando Shooting
SHOCKER: Police Say Leftists Started Violence at Rally in Sacramento
Walls For Me But Not For Thee: Zuckerberg Builds Giant Wall Around Hawaii Property
Bill O'Reilly on Brexit Motive: "In Parts of London, You're Not Really in England, You're in Pakistan"
Putin on Brexit: "Some Don't Want to Dissolve National Borders"
The EU/IMF raiding bank accounts in Cyprus to bail out the country's financial system sets a dangerous precedent and investors should "run for the hills" said investor Jim Rogers, chairman of Rogers Holdings, on "Squawk on the Street" Thursday.
Rogers said that with Cyprus, politicians are saying that this is a special case and urging people not to worry, but that is exactly why investors should be concerned.
"What more do you need to know? Please, you better hurry, you better run for the hills. I'm doing it anyway," Rogers said. "I want to make sure that I don't 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."
"If you're going to listen to government, you're going to go bankrupt very quickly," he added.