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Article posted Mar 28 2013, 10:47 PM Category: Economy Source: CNBC Print

'Run for the Hills' Now, I'm Doing It: Jim Rogers



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.

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Comments Add Comment Page 1 of 1
Anonymous

Posted: Mar 29 2013, 3:33 PM

Link
63229 Just the latest addition to the mantra of the elites: We want it all and will do anything to get it.

Proof ? Ask the Iraqis, The Afghans, the Greeks, The Cypriots and there are so many more. This mantra is soon coming to fruition in a nation near you.


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