Wednesday, April 10, 2013

Watch Out For Your Bank Account

Jim Rogers : “It’s been condoned now by the IMF, the European union, and everybody else in sight; that a government in need,can take assets. We all knew they could tax us...but this is the first time that I’m aware of, that they’ve gone in and taken bank accounts. They took gold from people in the U.S. in the 1930′s…but I’ve never heard of them taking bank accounts. Now they’re doing it. So be careful because, now they can take your bank account under this precedent.“ - in Bull Market Thinking

Jim Rogers is a bestselling author, financial commentator and successful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI).