Jim Rogers - What Happens if You Let Banks Fail? Video

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As far as the stimulus goes, things will get better for the people who receive the money. For everyone else, it will be worse. The only thing that has worked in the past was to let the failures go bankrupt so that more competent people can come in and buy up their assets.

These politicians all think that they have to do something. They think that if they pass around enough money, then they'll be able to get enough votes to win the next election. Ben Bernanke has never been right one time. If you take any advice from Bernanke, then you are going to go broke extremely fast. Geithner is just as bad. These are the guys who caused the problems, and now they are the people who are supposed to solve the problem.

There is no such thing as too big to fail. There were plenty of banks who were waiting in the wings looking at the mistakes these big banks were making. They were waiting for them to go bankrupt so that they could swoop in and gain market share. That didn't happen because the government bailed out the bad banks. It wasn't necessary.

You should get rid of any remaining US dollars that you have in your portfolio. Real assets like cotton or zinc or gold are much better. These are real products that people use. No one knew what dot coms were, and people were putting billions of dollars into them. Now the money will be in real things.

Central banks are the most responsible for this - if you insist on placing the blame in one spot. If the United States central bank had let banks fail for the past 20 or 30 years, then we wouldn't be close to this mess. Politicians around the world are just as bad as the US politicians.

BREAKING NEWS -. ...
BREAKING NEWS -. BANK RUN? -TRINIDAD AND TOBAGO.CARIBBEAN. WEST INDIES, REPUBLIC , ROYAL , FIRST? CITIZEN and SCOTIABANK . Customers are simultaneously closing their accounts fearing bankruptcy and insolvency. [ Global News Network ]?

I LOVE Jim? Rogers! ...
I LOVE Jim? Rogers! He should be with Ron Paul on the platform! If people aren't convinced by Ron Paul MAYBE they'll be convinced by one of the world's wealthiest gentlemen!

"Too? Big To Fail" ...
"Too? Big To Fail" = MONOPOLY(.) RON2012PAUL

He would be a good ...
He would be a good Vice Pres.? for Ron Paul.

Jim Roger? is the ...
Jim Roger? is the best. He knows Reality!!!

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