Jim Rogers: Ireland Should Go Bankrupt

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Nov 23, 2010
“There is no reason that taxpayers around the world or around Europe or in Ireland should pay for other peoples’ mistakes. The banks who lent the money and made the mistakes should lose money. The bondholders and the stockholders of those banks should lose money. It’s that simple.”

Author and financial commentator Jim Rogers is not making too many friends with our friends across the pond. Not too long ago, Jim Rogers stated the pound sterling would not be around in the near future. In an interview with Russia Today, Jim Rogers states that the EU, Ireland, and the world would be better off if Ireland would simply go bankrupt. the reason everyone would be better off is simple. In the feature, everything Ireland earns would be used to pay off the amount of money it has borrowed.