"Run for the hills," says Jim Rogers, busy making sure all of his bank accounts are within...

"Run for the hills," says Jim Rogers, busy making sure all of his bank accounts are within guaranteed levels. With the IMF and the EU saying its ok to loot bank accounts, a precedent has been set, he says, and the next country getting in trouble will point to Cyprus and do the same thing. "What more do you need to know ... the gall of these politicians."

Comments (12)
  • samuraitrader
    , contributor
    Comments (883) | Send Message
    I agree. Spread the wealth around. Confiscation of assets has happened in the US and will happen again.
    28 Mar 2013, 12:05 PM Reply Like
  • Topcat
    , contributor
    Comments (579) | Send Message
    Maybe they should have just let the bank fail, and everyone lose everything above the insured amounts?
    28 Mar 2013, 12:43 PM Reply Like
  • RCMorea
    , contributor
    Comments (35) | Send Message
    Why would they do that? The bank had some assets left. Those assets belong to the depositors. Other than that, they did let it fail. And everyone did lose everything above the insured amounts (except for their cut of the remaining assets).
    31 Mar 2013, 07:48 AM Reply Like
  • SoldHigh
    , contributor
    Comments (991) | Send Message
    Socialism failure rate remains at 100%.


    Stupid EU
    28 Mar 2013, 01:13 PM Reply Like
  • Remyngton
    , contributor
    Comments (343) | Send Message
    EU clowns strike again
    28 Mar 2013, 02:16 PM Reply Like
  • mp0125
    , contributor
    Comments (16) | Send Message
    There is a maximum of insurance on each account for a reason. Now you know the reason. Don't go away mad, just stay within insured limits. Of course the larger the amount, the more difficult it might be to do.
    28 Mar 2013, 05:06 PM Reply Like
  • Joe2922
    , contributor
    Comments (477) | Send Message
    Rogers says he's usually early. He said he was short U.S. Stock Market last year!
    Where the stock market goes next in 2013
    Comments welcomed
    28 Mar 2013, 07:18 PM Reply Like
  • Maninder Batra
    , contributor
    Comments (564) | Send Message
    proves yet again that the west has become a mafia state
    31 Mar 2013, 07:47 AM Reply Like
  • Tack
    , contributor
    Comments (16262) | Send Message
    What do Jim Rogers and all the hysterical commenters think happens, and has happened for many years, to deposits in excess of FDIC-insured limits?




    31 Mar 2013, 09:54 AM Reply Like
  • jhooper
    , contributor
    Comments (8058) | Send Message
    Find a bank using CDARS.
    31 Mar 2013, 12:43 PM Reply Like
  • divinecomedy
    , contributor
    Comments (465) | Send Message
    Jim Rogers is no doubt a big millionaire. If he makes sure that everything is under guaranteed amount, then how many bank accounts does he have?
    31 Mar 2013, 11:09 PM Reply Like
  • Remyngton
    , contributor
    Comments (343) | Send Message
    I recall Rogers telling everyone to buy Nat Gas at $15/bcf , only to watch it fall 80%-- typical of his calls


    He loves to hear himself talk , and ever since splitting from Soros 40+ years ago , he suffers from a major Napoleon complex
    2 Apr 2013, 09:36 AM Reply Like
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