Rogers: Depositors Globally ‘Run for the Hills’

Posted by Jim Rogers via MoneyNews

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images“Please, you better hurry. I’m doing it anyway”  Rogers tells CNBC.

“I want to make sure that I don’t get trapped.”

“What more do you need to know?”

Cyprus was “a warning shot to bank to depositors around the world.”

Rogers’ idea is that the risk of a confiscation of bank deposits now exists anyplace on the globe.

“Think of all the poor souls that just thought they had a simple bank account. Now they find out that they are making a ‘contribution’ to the stability of Cyprus. The gall of these politicians.”

“The losses imposed on Cyprus bank depositors by the European Union, European Central Bank (ECB) and International Monetary Fund (IMF) bailout should be a warning shot to bank depositors around the world,” says investment legend Jim Rogers, chairman of Rogers Holdings.

…..read more of what Rogers is doing HERE