Jim Rogers: "Ireland Should Go Bankrupt"

In this interview with the RT, Jim Rogers says what everyone except a few bankers and corrupt politicians know to be the case: namely, that Ireland should go bankrupt. Instead, the government is forcing the country into a tough spot, where social tensions are flaring, and could erupt into an all out social conflict, confirming that the interests of its people is the last thing the Irish government cares about, and is only concerned about preserving what is now virtually proven to be a failed model (even JPM said so), and prevent losses at all major German and English banks. Quote Rogers: "It would teach everybody a good lesson, and in the end Europe would be stronger for it, and the EUR would be stronger... You can not spend staggering amounts of money that you don't have of other people's money that you don't have because somebody has to pay the piper. This is ludicrous. This will cripple the Irish economy for years to come. In the future Ireland will be crippled because everything they earn will go to pay off old debt. There is no reason why taxpayers around Europe or in Ireland should pay for other people's mistakes. The bondholders and the stockholders of banks should lose money"... So simple, yet so irrelevant when dealing with a dying economic model.

Inflation Is A Dangerous Situation.

posted by Admin at Marc Faber Blog - 24 minutes ago

*"Inflation is a dangerous situation anywhere in the world, both for the poor people because they spend a higher percentage of their income on food and energy and also for the rich people whose cost of liv...

Ireland`s Bailout: The Bondholders And The Stockholders Of Those Banks Should Lose Money

posted by Admin at Jim Rogers Blog - 37 minutes ago

*"There is no reason that taxpayers around the world, or around Europe or in Ireland, should pay for other peoples' mistakes. The banks who lent the money and made the mistakes should lose money. The bondh...

 

 

 

 

Ireland About To Turn Violent? Sinn Fein Protesters Try To Enter Irish Government Buildings

 

Sinn Fein Makes Its Opinion Known

 

Statement By Irish Green Party Leader John Gormley: "The People Feel Misled And Betrayed", Calls For Irish Elections

 

Failed Bailout Contagion: Portugal CDS 40 bps Wider On The Day, EURUSD Now Worse Than Friday Close

 

Moody's Expects Multi-Notch Downgrade Of Ireland, As Green Party Abdication Sends Irish CDS Wider On Day

 

Silver Shortages Accelerate As Wholesale Supplies Plunge: Krieger/Keiser - 1; JP Morgan - 0

Submitted by Tyler Durden on 11/22/2010 10:42 -0500

Is the Kriger/Keiser "Short Squeeze JPM to Oblivion" plan working? Judging by the wholesale availability of silver (or lack thereof) the answer is a resound yes. In Coin Updates News we read that "as of today, there are no longer any regular wholesale supplies of the 1 ounce through 100 ounce silver rounds and bars available for immediate delivery. It may be possible to locate incidental quantities of some product, but most wholesalers are now promising two to four weeks delivery to allow time for the silver to be fabricated." Over the weekend we noted that even at the smaller, retail level, Silver American Eagles sold by the US Mint, have surged to a 2010 high in just the first three weeks of November. Is America now fully intent on ending Jamie Dimon's domination over the precious metal space?