Saturday, May 7, 2011

Throwing money down the rat hole does not work

Jim Rogers : we should have let the Americans that are bankrupt to go bankrupt propping up failed assets has never worked for any long period of time , what America should have done let the people go bankrupt let other competent people come in take over the assets reorganize and start over , what America is doing is they are going to the competent people taking their money giving it to the incompetent people and saying to the incompetent people now you compete with the competent people with their money !!! I mean it's horrible morality , not that politicians care about morality but it's terrible economics it just does not work ...throwing money down the rat hole does not work , throwing good money after bad does not work "...





ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) iShares FTSE/Xinhua China 25 Index (ETF) (NYSE:FXI), Morgan Stanley China A Share Fund, Inc. (NYSE:CAF), PowerShares Gld Drg Haltr USX China(ETF) (NYSE:PGJ) iShares FTSE/Xinhua China 25 Index (ETF) (FXI) China Mobile Ltd. (ADR) (NYSE:CHL), iShares FTSE/Xinhua China 25 Index (ETF) (NYSE:FXI), China Petroleum & Chemical Corp. (ADR) (NYSE:SNP), China Life Insurance Company Ltd. (ADR) (NYSE:LFC), PetroChina Company Limited (ADR) (NYSE:PTR), Morgan Stanley China A Share Fund, Inc. (NYSE:CAF), Aluminum Corp. of China Limited (ADR) (Public, NYSE:ACH)

JIM ROGERS BLOG