Jim Rogers: “Let the banks fail.” “Abolish the IMF and World Bank.”

Jim Rogers is one of my heroes. The truth has a particular ring to it, not easily mimicked:

On the Obama ‘stimulus’: “They’re making things worse. . . They’re taking the assets away from the competent people, and giving them to the incompetent people. . . It’s terrible economics, and it’s terrible morality, not that politicians care about morality.”

“abolish the World Bank and the IMF. . . they do little more than take care of themselves, their own pensions, their own perks, their own salaries, if you work for the World Bank or the IMF you have a great life, but they’ve not done much for the rest of the world.”

“[Treasury Secretary Timothy] Geithner has never known what he was doing . . . and pretty soon everybody is going to find out.”

“Let them go bankrupt.”

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