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Jim Rogers: European Bailouts May Lead to Another World War
Moneynews ^ | Friday, 22 Jun 2012 01:47 PM | Dan Weil

Posted on 06/23/2012 4:56:29 AM PDT by Olog-hai

A continuation of bailouts in Europe could ultimately spark another world war, says international investor Jim Rogers.

As an alternative, he recommends a combination of capitalism and socialism to weed out weak European banks and companies and to support the strong.

“This is how we got into World War II,” Rogers tells Yahoo, referring to Europe’s handling of its financial crisis.

“Add debt, the situation gets worse, and eventually it just collapses. Then everybody is looking for scapegoats. Politicians blame foreigners, and we’re in World War II or World War whatever.”

The Rogers solution: “Let the people who have failed, go bankrupt,” he says. “The banks and bondholders would lose money, but then you start over.”

That’s classic capitalism, Rogers says. “Bailing out zombie companies and banks has never worked. Look at Japan.”

But free markets alone can’t solve the problem, Rogers says. Governments must help choose the winners and losers—and quickly.

“If you wait two years from now, five years from now, when no government has any credibility and nobody will give you any more money, then it's finished. You better get yourself a rifle and head to Asia." …

(Excerpt) Read more at moneynews.com ...


TOPICS: Business/Economy; Crime/Corruption; Foreign Affairs; News/Current Events
KEYWORDS: bailouts; eussr; jimrogers; totalitarianism; ww3
Soros and his counterparts think the same. What do they think the social market economy is, if not a combination of capitalism and socialism? More of the same is not the cure; stick with pure capitalism.
1 posted on 06/23/2012 4:56:38 AM PDT by Olog-hai
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To: Olog-hai
Mixture of capitalism and socialism? Is that Fascism? Seems like that is something Soros knows about, quaint little Nazi.

That mixture is like a woman trying to be both pregnant and not pregnant. By definition, not possible.

You are either free under capitalism or slaves under socialism (or one of the other Totalitarian derivatives)

2 posted on 06/23/2012 5:03:37 AM PDT by Texas Fossil (Government, even in its best state is but a necessary evil; in its worst state an intolerable one)
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To: Olog-hai

” “Let the people who have failed, go bankrupt,” “

The ‘people who have failed’ are the ones who are so firmly entrenched in power that they can - and will - bring the whole house of cards down around them, if it would ‘preserve’ their positions...


3 posted on 06/23/2012 5:05:01 AM PDT by Uncle Ike (Rope is cheap, and there are lots of trees...)
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To: Olog-hai

I’m bored with so called experts comparing this situation to the beginning of another world war.
Which ones of the heavily armed and capable militaries in Europe are going to fight a major World War again?

Thats right, there aren’t any.
Just hyping the end of the world scenarios if the cash isn’t given forthwith..


4 posted on 06/23/2012 5:08:34 AM PDT by bill1952 (Choice is an illusion created between those with power - and those without)
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To: Olog-hai

A war won’t start because poor countries that have made bad decisions become poorer.

A war will start when the richer countries that are carrying the weight get a dynamic leader that tells the population what has been done to them and makes a proposal for getting it back.


5 posted on 06/23/2012 5:16:32 AM PDT by SampleMan (Feral Humans are the refuse of socialism.)
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To: Olog-hai

Rogers: “Get yourself a rifle and head to Asia.”
Rogers has already headed to Asia; he moved to Singapore. He took his family with him. I don’t know whether he brought his rifle or not.

As for me, when the great melt-down comes, I don’t think I would want to be in Asia even with a rifle. As Tonto said to the Lone Ranger, “What do you mean ‘we’?”


6 posted on 06/23/2012 5:20:10 AM PDT by Malesherbes (- Sauve qui peut)
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To: Texas Fossil
Mixture of capitalism and socialism? Is that Fascism?

Indirect control of the means of production is Fascism, TF. We have significant elements of fascist structure in our government and have done since FDR. We also have capitalistic and socialistic elements.

That would make our government a Progressive mixed government. For myself, I prefer the original mix of democratic, oligarchic and monarchic.

7 posted on 06/23/2012 5:22:05 AM PDT by BelegStrongbow (St. Joseph, patron of fathers, pray for us!)
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To: Olog-hai

Rogers once again being quotable by stating the obvious.


8 posted on 06/23/2012 5:37:53 AM PDT by the invisib1e hand (they have no god but caesar)
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To: BelegStrongbow

I prefer what you suggest, EXCEPT the monarchic reference.

Surely you are not a defender of Monarchy as a respectable fom of government. This nation was founded in a rebellion to that form of Totalitarianism.


9 posted on 06/23/2012 5:37:58 AM PDT by Texas Fossil (Government, even in its best state is but a necessary evil; in its worst state an intolerable one)
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To: Olog-hai

“Governments must help choose the winners and losers—and quickly.”

How did that work out for the GM/Chrysler dealers that were shut down in the last purge (because they weren’t Obama supporters)?


10 posted on 06/23/2012 5:42:29 AM PDT by moovova
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To: Texas Fossil
Not correct. Many people wanted to establish George Washington as the USA’s monarch after the war of independence was won. There was a prevailing attitude among the Founding Fathers that only Jesus Christ was the USA’s legitimate king, however.

Also, absolute monarchy is the totalitarian form, not the constitutional version. The USA’s war of independence was not fought to disestablish monarchies, especially in the case of where you have those that believe what Romans 13 says. The French Revolution was a different kettle of fish though.
11 posted on 06/23/2012 5:43:29 AM PDT by Olog-hai
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To: Olog-hai
I don't agree with you.

The only people I have ever met who are defender's of Monarchy as an acceptable form of government are Palio-Conservative Catholics. They are a different lot, as opposed to the far leftist Catholics that inhabit the Liberation Theology sphere.

Talk about opposites.

12 posted on 06/23/2012 6:02:13 AM PDT by Texas Fossil (Government, even in its best state is but a necessary evil; in its worst state an intolerable one)
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To: Texas Fossil
The only cases of monarchs becoming tyrants is when their rule is absolute, that I can see, or if they themselves establish a one-party state (hence an oligarchy). None of the 20th Century’s worst tyrants have been monarchs.

BTW, there are many in Germany that wish for a return of their monarchy. Not all of them are Catholic.
13 posted on 06/23/2012 6:09:55 AM PDT by Olog-hai
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To: Olog-hai

Germany a model?

If if remember correctly Germany began 2 great wars during the 20th Century. At a cost???

German culture is fatally flawed. They have forever accepted central authority without question to the point of despotism.


14 posted on 06/23/2012 6:16:38 AM PDT by Texas Fossil (Government, even in its best state is but a necessary evil; in its worst state an intolerable one)
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To: Olog-hai

Correction:

Palio-Conservative

Should read:

Paleo-Conservative.

It has been a very long time since I used that word. For a number of years I read Thomas Fleming’s “Chronicles”. That was back in the days I flirted with Libertarianism. It finally dawned on me what he was actually about and I dropped that crap.


15 posted on 06/23/2012 6:36:22 AM PDT by Texas Fossil (Government, even in its best state is but a necessary evil; in its worst state an intolerable one)
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To: Olog-hai

Nuclear weapons have fundamentally changed the strategy of war. I think the desire to solve a problem by going to war will be manifested by conducting warfare by other means. In fact, I think the west is being subjected to warfare by Islamists and by China via the aggression it uses to gain manufacturing capacity by making the cost of doing business in China so low compared to the west that it is a natural decision for business to move there, and then to lose intellectual property via local ownership and an incompetent legal system.


16 posted on 06/23/2012 6:41:02 AM PDT by theBuckwheat
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To: BelegStrongbow

Another name for fascism is “public-private partnership”.


17 posted on 06/23/2012 7:06:37 AM PDT by Jabba the Nutt (.Are they stupid, malicious or evil?)
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To: Jabba the Nutt

And “partnership” is such a nice word. A word I’ve noticed that CEOs like to use. They like to move their operations to places where they can cozy-up with govt.


18 posted on 06/23/2012 7:46:46 AM PDT by virgil
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To: Olog-hai
A continuation of bailouts in Europe could ultimately spark another world war,...

No Jim, methinks Deutschland will win this one without ever having to fire a shot.

5.56mm

19 posted on 06/23/2012 7:51:23 AM PDT by M Kehoe
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To: Texas Fossil

The American Revolution was the result of the actions of Parliament.


20 posted on 06/23/2012 7:57:19 AM PDT by Sir Francis Dashwood ("Arjuna, why have you have dropped your bow???")
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To: Jabba the Nutt

Yep. If that sounds like Japan circa 1995, you can see how endemic the idea has become.


21 posted on 06/23/2012 8:17:54 AM PDT by BelegStrongbow (St. Joseph, patron of fathers, pray for us!)
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To: Olog-hai
get yourself a rifle and head to Asia.

Which Asian country permits gun ownership?

22 posted on 06/23/2012 8:31:55 AM PDT by Poison Pill (Obama is the hopium of the masses)
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To: Olog-hai
A careful reading of the Declaration will strongly support your contention. Jefferson attacked the King for violating the social compact that was a functioning Government, and for letting Parliament pass odious laws, interfering with the Colonists' basic rights. (See Declaration Of Independence--With Study Guide.)

In Nations with a largely non-homogeneous population, a benevolent Monarchy is often the best way to protect minority ethnic groups from what we see daily in much of the world. Popular Government requires a fundamental agreement on cultural values; hence it has only worked in a few places, for an extended period of time.

William Flax [Continuity, not "Diversity!"] As the Leftists create greater diversity, via the present insane immigration policy, the days of popular Government in America are severely threatened.

23 posted on 06/23/2012 8:50:20 AM PDT by Ohioan
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To: Olog-hai
“This is how we got into World War II,” Rogers tells Yahoo, referring to Europe’s handling of its financial crisis.

Nice try, but Jimbo better stick to his puts and calls. The "finanical crisis" in Europe was well over by the time Hitler launched his expansionist dreams. Everyone but the US (thanks to fascist FDR) was on the mend. Germany had the strongest economy in Europe by then.

24 posted on 06/23/2012 10:39:48 AM PDT by hinckley buzzard
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To: bill1952

The next war will be with China.

Count on it. We need to pull our interests from that country, and start preparing.

NOW.


25 posted on 06/23/2012 10:42:09 AM PDT by Cringing Negativism Network (America doesn't need any new laws. America needs freedom!)
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To: Olog-hai
You are correct. Among the Founding Fathers there were many who considered a constitutional monarchy to be a viable form of government, understanding the need of a strong leader of central government but with stern limits on power to prevent abuse.

Washington could have had a crown for the asking, but to his credit he abhored the idea.

Democracy in the current "everybody votes" sense was widely distrusted and for good reason, as we have since seen. This was not fully resolved until the product of the Constitutional Convention.

26 posted on 06/23/2012 10:46:34 AM PDT by hinckley buzzard
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To: theBuckwheat

>via the aggression it uses to gain manufacturing capacity by making the cost of doing business in China so low compared to the west that it is a natural decision for business to move there,

No no NO.
We in America did that all by ourselves. - There was no secret Chinese cabal working behind the scenes in dark circles forcing us to over regulate everything endlessly, to tax & fee everything to the nth degree,to have the highest corporate taxes in the world, and to allow unions to run amok with compulsory union memberships with automatically withheld dues.
We did all of that - and we did it mostly with unelected agencies like the EPA & the NLRB.

We are uncompetitive because government here is too damn intrusive!


27 posted on 06/23/2012 8:24:36 PM PDT by bill1952 (Choice is an illusion created between those with power - and those without)
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