Jim Rogers: Bailout is Ridiculous, Let Spain Go Bankrupt! - News and Current Events | futures io social day trading
futures io futures trading


Jim Rogers: Bailout is Ridiculous, Let Spain Go Bankrupt!
Updated: Views / Replies:277 / 0
Created: by kbit Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 100,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors – all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you don’t need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

Jim Rogers: Bailout is Ridiculous, Let Spain Go Bankrupt!

  #1 (permalink)
Elite Member
Aurora, Il USA
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: futures
 
kbit's Avatar
 
Posts: 5,886 since Nov 2010
Thanks: 3,304 given, 3,334 received

Jim Rogers: Bailout is Ridiculous, Let Spain Go Bankrupt!

On Monday, investors breathed a sigh of relief after the EU agreed to lend $125 billion to Spain’s banks.

But billionaire investor Jim Rogers wasn't relieved. He thinks the bailout is misguided – even the worst possible thing that could have happened.

“Let them go bankrupt. Let them all go bankrupt!” he exclaimed on CNBC's Fast Money Halftime Report.

Rogers believes that bailouts aren't helping solve the woes of Europe one bit.

“The way system is supposed to work – when you fail you fail – competent people come in and take over the assets. But what they’re doing is taking assets from the competent people and giving them to the incompetent people – it’s absurd economics and absurd morality.”

Not only does he think it’s absurd, he’s all but certain the EU is making a bad situation worse.

“The solution to too much debt is not more debt! This is most insane thing I’ve ever heard. It’s going to make the collapse, when it comes even worse – be careful. No, don’t be careful," he added. "Be worried.”

News Headlines

Reply With Quote

Reply



futures io > > > > Jim Rogers: Bailout is Ridiculous, Let Spain Go Bankrupt!

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

July Journal Challenge - $500 in Amazon Gift Cards!

July
 

Current Events in Commodity Markets: Influence & Crowd Psychology w/IQFeed

Jul 12

AXESS Trader: Powerful cloud Based Trading Platform w/GFF Brokers

Jul 17

TBA: FuturesTrader71 w/Morad Askar

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Jim Rogers Explains Why He Would Not Buy Facebook Quick Summary News and Current Events 0 January 30th, 2012 08:00 AM
The Decline in Commodities Is 'Artificial': Jim Rogers Quick Summary News and Current Events 0 November 23rd, 2011 02:10 AM
US Has More Serious Problems Than Europe: Jim Rogers kbit News and Current Events 0 September 28th, 2011 07:48 PM
'The UK Will Need a Bailout Soon': Jim Rogers Quick Summary News and Current Events 0 May 6th, 2011 05:10 AM
Interview With Jim Rogers kbit News and Current Events 0 May 1st, 2011 10:37 AM


All times are GMT -4. The time now is 07:52 AM. (this page content is cached, log in for real-time version)

Copyright © 2018 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2018-07-14 in 0.07 seconds with 14 queries on phoenix