Federal Inflationary Policies Mask Real Problem

Jim Rogers, the successful investor and author, puts it well: "Why are we bailing out Citibank? Why are 300 million Americans having to pay for Citibank's mistakes? The way the system is supposed to work [is this]: People fail. And then the competent people take over the assets from the failed people, and then you start again with a new stronger base. What we're doing this time is ... taking the assets from the competent people, giving them to the incompetent people, and saying, "OK, now you can compete with the competent people." So everybody's weakened: The whole nation is weakened, the whole economy is weakened. That's not the way it's supposed to work."

-- This embed didnt make it to copy for story id = 6385348. -- This embed didnt make it to copy for story id = 6385348. -- This embed didnt make it to copy for story id = 6385348. -- This embed didnt make it to copy for story id = 6385348. -- This embed didnt make it to copy for story id = 6385348. -- This embed didnt make it to copy for story id = 6385348.
Page
  • 1
  • |
  • 2
Join the Discussion
blog comments powered by Disqus
 
You Might Also Like...
See It, Share It
PHOTO: Bruce Jenner is shown here at age 10 in this undated childhood family photo.
Courtesy Linda Thompson
PHOTO: Bruce Jenner celebrates after winning 1500M race during Decathlon at Olympic Stadium in Montreal, Canada, July 17, 1976.
Walter Iooss Jr./Sports Illustrated/Getty Images
PHOTO: A female coyote lay in an animal carrier after being captured by Special Operations officers on Manhattan?s west side, Saturday, April 25, 2015, in New York.
New York City Police Department Special Operations Division via AP
PHOTO:
Seth Poppel/Yearbook Library