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Insanely Rich Jim Rogers Blames Greed For Economic Collapse February 19, 2009

Posted by aetiusromulous in Economics, economy, news, Video, YouTube.
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Jim Rogers Brilliantly Cuts to the Chase Blaming Greedy Wall Street Types For The Mess

He then goes on to say the coming maelstrom is a wonderful time to…

…make money.

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Comments»

1. James Xavier - February 20, 2009

Insanely biased writer should move to France. I didn’t realize that making a lot of money was a crime. He blamed the Fed and the regulators. Your biased view of the finaince world should limit you to your current income. And yes, things will be on sale now in America. Those who saved will be able to make much better(wonderful) investments in the current environment.

aetiusromulous - February 20, 2009

Insanely curious observer from Canada ( 1/3 French, anyway) wonders why a very smart guy would blame greed and the system and then close by being very excited about…greed and the system. If the changes that are necessary occur, Jim Rogers will have to find another line of work.

2. James Xavier - February 20, 2009

Sorry about the France comment. I should have used a socialism refrence. Rogers is not blaming things on greed and the system. He blames the fed for not letting the system, Capitalism, work(let companies fail) and he blames the regulators for not watching the banks (don’t overleverage). Rogers is a trader. He should be licking his chops at the firesale that is going on. That is his job. An independently minded investor like Rogers will never have to find another line of work.

aetiusromulous - February 20, 2009

Well, here is the thing. Capitalism is failing, and has been for a generation. While nobody is certain where we will all end up, I’m pretty certain the road will go through “socialism” of some sort or another. Rogers and his group did nothing wrong at all – they just worked the system to its max…which collapsed the system. To me they should be heros for simply chaseing the American Dream far better than virtually every other member of Western Society. The crybabies who condem him are pots calling the kettle black. It’s the “Dream” that was wrong, not those who worked it. But really, does anybody think those “opportunities” will ever return? Not me.

3. James Xavier - February 20, 2009

I wouldn’t lump Rogers in with all the others. When someone puts their own money at risk each day, I have a lot of respect for them. The people who made excess amounts of money with no risk of their own capital(CEO’s , Board of Directors, Politicians, usually risking other peoples money) I have no respect for.
I see we have totally different views. The opportunities are all around us. Long live Capitalism!

aetiusromulous - February 20, 2009

We have more in common than you think. Long live a better form of capitaism, unhooked from political ideology and the restrictions of state and nationalism.


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