Jim Rogers: “Let those that are bankrupt go bankrupt”

“Let Greece go bankrupt, let all the people who are bankrupt go bankrupt, and then you can start over, you reorganize the assets and start over,” Jim Rogers, CEO of Roger Holdings, told CNBC. “Until that happens, this is going to be an on-going endless discussion,” he said. Here is the direct link. Caveat here: Rogers is a billionaire who has a defined percentage of specific funds (that he can afford to lose) allocated to various speculations. Few people are in the same boat as Rogers; so I do not mean that everyone should take their investment allocations from his lead. But his overall assessment on the need for bankruptcy to flush out the impediments to global recovery are important.