Europe is just pushing the problem out into the future

Legendary investor Jim Rogers interviewed by Yahoo Tech Ticke on this 05th Dec 2011 : "We're going to let the banks who made mistakes go bankrupt, we're going to let Greece go bankrupt, we're going to take massive losses, we're going to ring-fence the system and start over,That would be a solution to the problem.Then you wouldn't have massive overspending ,you wouldn't have massive debt generation and Europe would be a sound economy and a sound currency again , is it going to happen ? NO they are going to do something which is going to push the problems out into the future and Jeff next year we are going to have this same conversation about 'can they do something to pull us back from the break "

Jim Rogers Ultra Bullish on Myanmar

Jim Rogers : oh Myanmar , I am widely bullish on Myanmar , if I could find a way to put all my money into Myanmar i probably would , Myanmar is the place where China was in the late 1978 they're opening up they changed they are going the way the rest of the world has , they got 60 million people they're right there between China and India I cannot think of anything in the world on which I am more bullish than Myanmar as we speak .... - CNBC

Jim Rogers on The MF Global impact on the Commodities market

Jim Rogers : I own all commodities , I especially own food and precious metals , but first I have to remind you Steven in the last few weeks MF Global went bankrupt , and MF Global was a huge player in the commodities market , there is a lot of artificial forced selling going on , it's artificial selling it's forced selling and when a huge player goes bankrupt it has a lot of ramification , when this is passed I would suspect that commodities will continue to go higher and that you are going to continue to see more inflation , governments continue to print money I do not like it that's all they know to do ....- in CNBC

Jim Rogers : The Situation in Europe is getting out of control

Jim Rogers : The solution Jeff to too much spending and too much debt is not more spending and more debt , if you look at all the projections from all the European countries they all show that debt is going to be higher next year higher and higher the year after that nobody shows debt going down , The Situation in Europe is getting out of control and it is already out of control in the US , you got to have to take your pain sometimes Jeff , if you did it now you could ring fence everybody , some banks will survive but the system would survive , but Jeff right now government have some credibility and some ammunition left at least in Europe if you wait a year or two or five when the market forces you to deal with reality then the countries and the banks have no credibility they're out of control and the whole system gets crushed . I'd rather take the pain now then when the market forces have to take the pain and that could be the end of the system .......- in CNBC