Friday, February 4, 2011

Jim Rogers On Food Inflation

"QE2 is part of it—whenever governments have printed money throughout history, people put their money in real assets whether that's rice, silver or natural gas. People protect themselves. People don't just sit there and say, 'oh, gimme some more paper money'—that's being debased. That's part of the problem right now.

But the more serious problem right now—it's demand—go to India, go to China see how people are changing their lives, see how their using more. But it's also supply —commodities are based on supply and demand. You could have demand go down but the if the supply goes down more, you're gonna have a bull market. This is simple stuff and it's happening right now."

Jim Rogers

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