Jim Rogers On France Losing AAA: "The Only Solution For Europe Is Forcing Bank Bondholders To Take Losses"

Video - Jimmy Rogers on Greece, France, Europe - Jan. 16, 2012

A familiar refrain from Rogers, though that doesn't diminish the truth.  Investors (bondholders) must be held accountable, apocalyptic fear-mongering be damned.

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Comment from Cheyenne, writer and producer of Bailout (watch the trailer):

Great stuff from Jimmy.  I'm sick of the notion that it's clueless debtors who should eat 100% of the shit sandwich served up in bad transactions.  Worse, this propaganda is peddled by whores on a ludicrous platform of pilgrim's morality--those recklessly greedy borrowers, damn them!  How asinine, as on the other hand these very same prigs teach us to look up to lenders, whose praise-worthy acumen is somehow never questioned in bad financial transactions.  It's about freaking time that sophisticated lenders--who entered into deals with far more foresight than the borrowers ever did--are forced to dine on their own excrement.  Their venality is disgusting, not honorable.

It's good to see reality, equity really, take root more and more.

Comments

[Cheyenne]

Great post. I'm sick of the notion that it's clueless debtors who should eat 100% of the shit sandwich served up in bad transactions. Worse, this propaganda is peddled by whores on a ludicrous platform of pilgrim's morality--those recklessly greedy borrowers, damn them!

How asinine, as on the other hand these very same prigs teach us to look up to lenders, whose praise-worthy acumen is somehow never questioned in bad financial transactions.

It's about fucking time that sophisticated lenders--who entered into deals with far more foresight than the borrowers ever did--are forced to dine on their own excrement. Their venality is disgusting, not honorable.

It's good to see reality, equity really, take root more and more.

[DailyBail]

Nicely done...I added your comment to the story above.

[CommunismSucks]

If politicians are so stupid, and can be so easily bamboozled by these slick hustlers peddling their easy money, why not prevent politicians from borrowing money in the first place?

Otherwise, this will simply happen again, and again, and again....

[Thebes]

I think Jim is too optimistic.
The only real solution is some form of global revolution against the international banking cartels and their puppet governments.
Everything else just postpones and deepens the coming collapses.

[emma]

Great stuff, as always, I have recentely found that FFt guy from http://www.forecastfortomorrow.com he is scary accurate with the stockmarket and economy stuff, and well worth a look. Gives away great info too.