Jim Rogers: Write Off The Debt, Start Over

Posted by Adam Sharp - Monday, June 20th, 2011

In the clip below, MSNBC's Dylan Ratigan talks with Jim Rogers about the global debt crisis. The two share a laugh over the media's laser focus on Anothony Weiner as the global financial system teeters.

Regarding bankers, who some say should share the burden as part of debt-restructuring in Europe (and possibly beyond), Mr. Rogers says, "Let them lose their Lamborghinis". He says it's time to "write off the debt, start over".


More like this...

Faber: 'We are all doomed in the end'
In his latest interview, investor Marc Faber talks inflation, unrest in Egypt, and the short-term boom we're experiencing.

Marc Faber: QE3 Inevitable, QE26 Likely
Marc Faber's talks to Bloomberg about QE3, inflation, and stocks. Says "for sure" there will be QE3, and QE10... Note: Video plays automatically.

Jim Rogers: Don't Sell Your Silver
Jim Rogers says there is more currency debasement ahead, and investors should hold onto silver and gold.

The Best Jim Rogers Interview on Gold and Silver in Years
Rogers talks about the scramble for physical metals, the chance of $100 silver in 2011. And the nature of such parabolic moves, particularly their risks. Must-Listen.

Jim Rogers on $2k Gold, Propping up "Zombie" Banks
Noted investor Jim Rogers comments on Fed policy, precious metals, and the dangerous habit of propping up zombie banks.

Silver Pandas