'Run for the Hills' Now, I'm Doing It: Jim RogersCNBC
Mar. 28, 2013
Eminem: It's Been 'Embarrassing' To Be White, 'I Feel Like Checking Out On Life'
Philly City Council Approves Bill Banning Bulletproof Glass From Shops
Virginia: Illegal Alien Steals Family's Heirloom Rings, Jury Rewards Her With $80
11-Yr-Old Girl Kills Herself After Being Exposed To Toxic Femininity On Instagram
Anti-Trump Lib Called A 'White B*tch,' Robbed For Being A 'Trump Supporter'
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.