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Jim Rogers: Greece deal is a sham

Tuesday, February 21, 2012 - 03:16

Feb. 22 - Jim Rogers argues that the €130 bln Greek bailout is an artificial feel-good factor ahead of the French, U.S. and German elections.

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Should we be not invited -- deal let's -- Jim Rogers Jim what do you think should we be hard ignore or budgeting which is still letting go bankrupt to sonic. And -- Greece the other is only designed to get us through the French election and the American election and the German election look at the fresh look at disagrees deal. It's not following the problem is just pushing things put in the kicking the can down the road but pretty soon -- will be out of wrote we can't take it much further. And after the German election who knows what's gonna happen we're gonna have the problem again with a great deal is a sham is designed to make everybody feel better. Above all we -- are we closer to the end do you think from the beginning and the end being thus -- again as you put it before. A point at which we construct a dormant stock down. But yes eventually LaMarcus kind of forces to do that the -- not gonna put up put this wherever. The markets is not that -- wherever I would suspect that by 2013. Or 2014. It would be the markets just gonna say enough of this we're not gonna put up -- other Greeks were gonna stand up for this we can't take the pain anymore. It would be terrible for Greece and lead. The Euro the very bad for them and go back for the trochmann have been massive disaster. Be -- thing with the Euro. But who knows -- make mistakes all the time I is set on fire euros. I own your -- not buying it but I -- it yes I'm not telling it where what what what what when we just set it. I don't know I I guess I should watch Thomson Reuters mortified and humanize himself I don't know it. I -- -- going up a lot. I'm not thinking of selling my heroes not even on my mind where I would sell it because it's not nowhere near wherever it is I'm gonna tell what where when we just summit. I don't know I. I think they'll have price targets all right see how markets develop and eventually I say hey you know this is. This is far enough I can see problems -- for the developing this out. I wanna get out but I that's not in my mind right now with. -- when we talk about Greece time we cop car also hear about Portugal and some of the others are you gonna speculate or are you speculating against Portugal with some of the others. No no I have not and I need a longer shot I only Euro I have no positions in Spain Portugal any of the rest don't know I'm just I'm just watching. I'm gonna move to China and. -- but let -- -- as part of this Europe section that -- about China and China's dissection of Europe and how you see that. How attached all major thing how how in just a dollar and helping really. Well they're extremely interested in what's going on Europe because Europe is one of their largest customers if not -- the largest customer as I hope. Letting up from the Chinese point of view. If they if they invited they lend money to Europe they may lose money on the loans but it's buying them enormous prestige enormous influence. Because now China has come riding to the rescue when other people cannot will not rescue them is cheap foreign aid if nothing else in the Chinese know that. I wouldn't buy those bonds but for the Chinese point of view if they wanna have more influence in Europe. -- --

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Jim Rogers: Greece deal is a sham

Tuesday, February 21, 2012 - 03:16