Jim Rogers On The Most Recent European Bailout

Some simple common sense from one of the world's greatest investors Jim Rogers:

"They have had twenty meetings, twenty summits. Every time they have a meeting markets rally. Then the markets realize that nothing is solved."

"The debt is not falling. They are only adding new debt."

Jim pauses to ask the CNBC perma-bulls if they think this solves the problem. "How does this solve the problem......hello??"

Silence.

"Who is going to come to the markets rescue in two years when Germany has no money and the United States debts are much higher? CNBC?"

Great stuff.