It is true...........Rogers has been harping on this for ten years. Only thing about it is what he has been saying is finally coming true. Fighting reality is a fools game.
Only politicians want bailouts. Politicians think they are Gods and can save the bankrupt giant companies. Everybody is saying "let them fail". There should not have been bailouts in the first place.
I don't think Jim Rogers is stupid, I think CNBC is stupid. You therefore have to adapt to them! For example Peter Schiff on CNBC appears like a raving lunatic, but I saw some 1 hour presentations of him on Youtube, all of a sudden he says so many good things, he's smart and hard working. I bet Jim Rogers is the same way, how many years ago did he say to buy commodities, didn't he say to short investment banks? He can't say all he thinks on national TV, but if he sounds controversial enough and senile enough, he'll get a spot on TV.