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 Europes 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 were 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.
Thats classic capitalism, Rogers says. Bailing out zombie companies and banks has never worked. Look at Japan.
But free markets alone cant solve the problem, Rogers says. Governments must help choose the winners and losersand 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 ...
Yep. If that sounds like Japan circa 1995, you can see how endemic the idea has become.
Which Asian country permits gun ownership?
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.
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.
The next war will be with China.
Count on it. We need to pull our interests from that country, and start preparing.
NOW.
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.
>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!
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