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Rogers understands that we are living in perilous timesand that actions by governments, finance ministers and officials across the globe have left us on the brink of a very serious collapse that will end with currency turmoilfood shortagespanic, social unrest and a total shakedown of average citizens.
Now, with Europe having taken the unprecedented step of seizing private funds of depositors, Rogers suggest that time is running short and that those with the means to do so should get ready for the worst: Now there is a precedent…The IMF has said loot the bank accounts. The EU has said loot the bank accounts.
What more do you need to know? Think of all the poor souls that just thought they had a simple bank account. The gall of these politicians.
Like Faber, who lives in the remote hills of rural Thailand, Rogers also owns property outside of major cities and says hard assets commodities will be one of the few safe havens during a major crisis. As students of history and economics, both Rogers and Faber understand that major cities are not the place to be when modern-day financial and convenience delivery systems fall apart.
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