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Jim Rogers - the signal of the bottom

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  • Jim Rogers - the signal of the bottom

    http://www.marketoracle.co.uk/Article5931.html

    (Q): Is there a specific signal that this is “over?”


    Rogers: Sure…when our entire U.S. cabinet has Swiss bank accounts. Linked inside bank accounts. When that happens, we'll know we're getting close because they'll do it even after it's illegal – after America's put in the exchange controls.


    (Q): They'll move their own money .


    Rogers: Yeah, because you look at people like the Israelis and the Argentineans and people who have had exchange controls – the politicians usually figured it out and have taken care of themselves on the side.


    (Q): We saw that in South Africa and other countries, for example, as people tried to get their money out.

    Rogers: Everybody figures it out, eventually, including the politicians. They say: “You know, others can't do this, but it's alright for us.” Those days will come. I guess when all the congressmen have foreign bank accounts, we'll be at the bottom.
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