Inflation -- For those of us who shop, we know that prices are up

 Jim Rogers : The government has always said there is no inflation and when inflation comes up they change their accounting methods to show no inflation. For those of us who shop, we know that prices are up. Just look at your food bills, your education bills, your transportation bills, any bills. Prices are up. The government says they’re not. I have more confidence in John Williams’ (founder of shadowstats.com) numbers that the (Bureau of Labor Statistics). They both can’t be right but I know from my personal life and from people who write to me that the BLS is not right. If you look at how the BLS does its numbers, something like 22% is rental income. Now when [housing] prices were going through the roof, they said, “well rental prices aren’t going up because people are buying houses so there is no inflation,” then when housing prices collapsed they said rental prices are down. When 22% of your prices are based on rent, or rental equivalents, which they can jiggle with, their whole methodology [is questionable].

Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.

Jim Rogers : Go to a Restaurant in New York, or a Grocery Store, and tell me that there's no Inflation

 Can't such policies go on for a while? After all, we still don't have inflation…
Jim Rogers : According to the U.S. government! But you must buy some things: insurance, food, even paper. The price of nearly everything is going up. We have inflation in India, China, Norway, Australia—everywhere but the U.S. Bureau of Labor Statistics.
I'm telling you they're lying. Go to a restaurant in New York, or a grocery store, and tell me that there's no inflation. [Rogers starts tapping on his laptop]. Look here: In 2001, it cost $9 to go to the top of the Empire State Building. Now it's $27 to go to the 86th floor, $44 to go to the top, and $67 to go express. The Museum of Modern Art in 2001 was $10, now it's $25. A cab from Kennedy airport to Manhattan in 2001 was $30 plus tolls. Now it starts at $52. - in Barron's interview

Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.

Jim Rogers : we a re all going to suffer with inflation, currency turmoil, and higher interest rates

Jim Rogers : “This is the first time in history where you’ve had all the central banks in the world printing money at the same time. Europe, Japan, America, and the UK, all, are frantically trying to debase their currencies…I’m afraid that in the end, we’re all going to suffer perhaps, worse then we ever have, with inflation, currency turmoil, and higher interest rates. As I say, this has never happened before, it’s never been a good policy in the long run, so I’m afraid we’re all going to suffer for the rest of this decade from this crazy, crazy money printing.” - in Bullmarketthinking

Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.

Jim Rogers : We have Inflation in the U.S., and its going to get worse

Jim Rogers : “Absolutely, they’ve been printing staggering amounts of money; they’ve been taking staggering amounts of debt onto their balance sheet, much of it is garbage,” said Rogers. “The federal government is spending huge amounts of money they have. We have inflation in the U.S., and it’s going to get worse, Simon.” - in a recent interview with The Wall Street Journal interview



Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.

Jim Rogers : there is inflation and it is going to get worse not better

Jim Rogers : Hyperinflation may be not anytime soon , but we do have inflation , inflation is getting worse and it's going to continue to get worse , you must go to the shop , you see that the price of everything is going up , everybody watching this knows that the price is going up there is inflation and it is going to get worse not better .
to watch the full interview click here >>>>



Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.

Jim Rogers : We have inflation

“We have inflation now. If you go to the shop, whether it’s groceries, or education or insurance or health care, prices are going up for everything. The government lies about it in the US,” said Jim Rogers back in June and it has gotten worse since

.Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendry investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.

Jim Rogers : I am shorting Emerging Markets and the NASDAQ

Mar. 4 2011 : Jim Rogers sounds The Inflation Alarm .  Jim Rogers : " of course Larry he (Ben Bernanke) has never been right about anything I do not know what you pay any attention to him anymore except as a contrarian indicator , go back and look at his record in the past seven years in Washington , he has never ever been right about anything and he is dead wrong this time " "...I own commodities because commodities are the best place to be , commodities are up 10 000 times better than stocks over the past decade , they continue to do will , and Larry they continue to be the best place to put your money , either that or foreign currencies ..."
"well first of oil if you own oil and it goes up a hundred dollars you profited mightily ...but Larry they will then print more money , all Bernanke knows to do is print money it's the wrong thing to do but the dollar will continue to go down ..you have to protect yourself , you protect yourself with silver or rice or natural gas or something , you gotta own real assets "
"...well of course it will Larry but remember supply is going down too , that was to suppress demand but supply of everything is going down , we're running out of agricultural products , the world is running out of known reserves of oil supply is going down too , now of course there will be corrections along the way there always are ..but still commodities are the best place to be , and Larry on the scenario things get worse , you're gonna make any money on stocks your only hope is commodities or foreign currencies "
"I am short NASDAQ type technology stock and I am short emerging markets those are the two areas of the world stock market which have been over exploited in the last two to three years , I got to have a hedge so I am shorting emerging markets and the NASDAQ "
Tha above transcript was done manually by the owner of this blog and hence it is far from being accurate

Mar. 4 2011 |Weighing in on inflation and how investors can turn some of this pain into profit, with  famed investor Jim Rogers, Rogers Holding chairman.

China Interest Rates Raised To Control Inflation

Interest Rates Raised To Control China Inflation
China's central bank raised the reserve requirement 50 basis points in an effort to check inflation.

Jim Rogers: Inflation not Deflation down the road

Jim Rogers : ...you call it deflation but it's the stocks going down , that's not deflation , that's deflation of the stock market yes ....throughout history whenever you have gigantic amount of paper money created it's led to inflation down the road ....sure things are going down now because of forced liquidation , I mean AIG went bankrupt , Lehman brothers went bankrupt a lot of people are redeeming and are forced to sell everything that's not deflation that's temporary ...all this money being created is going to lead to inflation ...at least it always has.....

China Inflation Rises To Highest Level This Year

China's inflation rate was up 3.3% in July, year-on-year and rose in each of first seven months of 2010. This 3.3% rate is higher than the 3% target rate.

Jim Rogers We have inflation now

Prices are creeping up all over the world but some governments "lie" about inflation, Jim Rogers told CNBC "We have inflation now. Everybody who shops knows there is inflation … prices are going up,"

Jim Rogers on Gold Inflation and Fiat Currencies

I know the old (gold) high, adjusted for inflation, is over a couple thousand dollars an ounce. I know it'll get over that in the next decade. It depends on how much they debase the currencies. It's all part of the same picture... most governments everywhere only know one thing and that's to print and spend money that they don't have. Whenever you do that, it debases currency, always has, and until I see some governments realize that they have to do something else, then I plan to own gold and other precious metals and other real assets.

Jim Rogers says Inflation Extremely Serious and Sees the Stocks Falling

“The world has an ongoing economic problem which has not yet been resolved yet,” “I don’t think the best place for people to invest is in stocks.”
“I am still concerned about debt around the world,” “I am not terribly optimistic about the world economy partially, largely, because of the gigantic debts which have built up.” Rogers told Bloomberg today 25 June 2010

Jim Rogers about Inflation In America and the world

Jim Rogers :"Rising prices is inflation. Inflation does not call prices to go up. Price is going up because of inflation. So I am optimistic about the price of commodities going forward. The governments spend a lot of money, that is going to lead to higher prices at least it always has. Now if governments stop printing money, then we are going to have other things going on in the world.
We have economic decline, continue the economic decline but so far, governments do continue to print money all over the world and many nations in the world acknowledge they have inflation. India happens to be one of the ones that are honest about it. America is dishonest, America lies about inflation. The UK lies about it but many Australia, Norway, China many others tell the truth and we do have inflation in the world and it is going to get worst. " Interviewed by the Economic times of India

Jim Rogers Interview on Currencies and Inflation

By Ron Hera

June 3, 2010

©2010 Hera Research, LLC

The Hera Research Newsletter (HRN) is pleased to present the following exclusive interview with legendary international investor, best selling author, adventurer and family man Jim Rogers, Chairman of Rogers Holdings and founder of the Rogers International Commodity Index (RICI). Jim Rogers’ commentaries on economics and finance have been featured in Time, The Washington Post, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and other major publications, and he appears regularly on television networks around the world.

After growing up in Demopolis, Alabama, and earning degrees from Yale and Oxford Universities, where he studied politics, philosophy and economics, Jim Rogers co-founded the Quantum Fund in 1970, which gained 4200% over a 10-year period, during which the S&P advanced approximately 47%. After retiring at age 37, he managed his own portfolio while serving as a guest professor of finance at the Columbia University Graduate School of Business and as the moderator of WCBS’ “The Dreyfus Roundtable” and host of the Financial News Network’s (FNN) “The Profit Motive with Jim Rogers.”

Between 1990 and 1992, Jim Rogers fulfilled his lifelong dream of motorcycling across six continents in a 150,000 kilometer journey that won him a place in the Guinness Book of World Records. He also undertook a Millennium Adventure in which he traveled around the world in 1101 days, passing through 116 countries and traversing more than 245,000 kilometers.

Jim Rogers’ English language books include Investment Biker: On the Road with Jim Rogers (1994), Adventure Capitalist: The Ultimate Road Trip (2003), Hot Commodities: How Anyone Can Invest Profitably in the World's Best Market (2007), A Bull in China (2008), and A Gift to My Children: A Father's Lessons for Life and Investing (2009).

Hera Research Newsletter (HRN): Thank you for speaking with us today. Let’s start with the world reserve currency. What do you think about the International Monetary Fund (IMF) replacing the US dollar as the world reserve currency with Special Drawing Rights (SDRs)?

Jim Rogers: The world didn’t have an IMF for a few thousand years. The IMF was founded after the Second World War to take care of any short-term currency needs that countries might have. It turned out pretty quickly that they didn’t have very many as the world recovered from the war, so the IMF found other things to do. They now have thousands of employees and have manufactured jobs for themselves. They’ve not had much success, if you look back over the past 60 years. Nearly everything they’ve done was wrong. Why do we need the IMF? It’s not 1945 anymore.

HRN: Rather than using a national currency as the world reserve currency, what about a global central bank?

Jim Rogers: That’s not what the IMF is, first of all, but even if they were, we certainly don’t need a central bank for the whole world. We never had one and the world got along pretty well for thousands of years without bureaucrats taking the world’s money. I’ve never added up how much the IMF has spent during the last 60 years but it must be a staggering amount, and for what good? I mean, we certainly haven’t gotten anything out of it. We haven’t gotten nearly as much for our money as they have spent.

Read more: http://www.businessinsider.com/jim-rogers-inflation-2010-6#ixzz0pyoo4jQa

Inflation Rising in China

Rising China Inflation Drive Mainland Shoppers to Hong Kong

May 10 (Bloomberg) -- Bloomberg's Zeb Eckert reports on how rising inflation in China is encouraging mainland consumers to visit Hong Kong to spend. Chinas consumer prices may have climbed 2.7 percent, matching a 16-month high. Producer prices may have climbed the most in 18 months in April on rising costs of imported goods, adding to signs that the countrys fixed exchange rate is stoking inflation. The statistics bureau releases April data tomorrow in Beijing. (Source: Bloomberg)

Jim Rogers : We will have another Recession and this time it is going to be much worse

Jim Rogers : Inflation is not a risk it is already here

legendary investor and commodity expert Jim Rogers chairman of Rogers Holding joins Newsmax for an interview :I think it is a terrible terrible mistake what Mr Bernanke have done , he is essentially ruining the US economy in the long run and ruining the dollar as well , all of us we are paying the price and we will continue to pay the price " Jim Rogers answers when he was asked about the fact that Ben Bernanke have decided to keep low interest rates for an extended period of time ....Inflation is not a risk it is already here says investor Jim Rogers , I do not know if you go shopping , the rest of us who go shopping we know that the prices re going up explains Jim Rogers , whether it is insurance or entertainment or education or fuel , the prices of everything are going up and we all know it , go to the grocery store and you will see....the prices are going up on everything and they are going to get worse because Mr Bernanke and the people in Washington are spending gigantic amounts of money which we do not have somebody has to pay for this , there is no free lunch ..."stocks are doing OK and stocks are probably going to be OK for at least a while because of all this money that has been flooded into the economy, when all this money is flooded in the market it has to go somewhere and a lot of it has gone into stocks , and that's why stocks have been going up and why they are probably going to continue going up at least for a while ..and will have to let to everybody make their own decision about how much money they want to put into the stock market , but if you going to have cash you ask a very perceptive question , what kind of cash do you want ? if you own US Dollars you may find that you are losing money eventually down the road it's so happen at the moment I own US dollar I am optimistic that the US Dollar is the place to be for the short term for some technical reasons but longer term , the US Dollar is a terribly flawed currency............................



Jim Rogers president of Rogers Holdings is a successful hedge fund manager, investor, writer and regular media commentator. In the 1970's he co-founded with George Soros the Quantum Fund, a private investment partnership which invested in commodity futures, among other investment vehicles, and experienced superior returns over 10 years. former partner and co-founder of the Quantum Fund, and a truly legendary international investor who helped generate a 4,200% total return over a 10-year period .Jim Rogers is always bullish on Asia Commodities Agricultural Products gold and silver . Rogers has been chronicled in John Train's “Money Masters of Our Time”, Jack Schwager's “Market Wizards” and other books. He is the author of several books on investing and the market, and in December of 2004 published “Hot Commodities: How Anyone Can Invest Profitably in the World's Best Market”. Jim Rogers once said about investing in commodities :"Investing in commodities can be a hedge against a bear market in stocks, rampant inflation, even a major downturn in the economy. In fact, I believe that investing in commodities will represent an enormous opportunity for the next decade or so.”
Jim Rogers Commodity Index Rogers International Commodity TRAKRS , trades on the Chicago Mercantile Exchange under the ticker symbol RCI. The RCI represents the U.S. dollar value of a basket of 35 commodities consumed in the global economy both in developed and emerging markets

jim rogers on the impact of commodities inflation on China

What do you think the impact of commodities inflation will be on China’s overall growth story?
"Printing money is going to have an effect on commodity prices, there is no question about that. Throughout history whenever governments have printed money it’s led to rising commodities prices, and now the whole world is printing money. Food inventories are the lowest they’ve been in a decade, farmers can’t get loans, you can’t get a loan to open up a new mine – it’s not hard to see that prices are going to rise. China has one advantage in that it has many of its own commodities, but prices are going to go higher, [and that will affect growth]. Is that the end of the China growth story though? I doubt it."Says Jim Rogers in an interview with China International Business

The world is heading towards a 1970s-style inflation warns Jim Rogers

Commodity guru and reknown investor Jim Rogers warns that the world could be heading again for 1970s-style inflation.

He said while concerted government efforts to bail out economies may have averted a depression, it would eventually lead to spiraling price increases.

"Whenever governments print a lot of money, you get inflation. That is the way the world has always worked," he said.

"I am sure inflation is going to go to levels seen in the 1970s, if not higher. It is not necessarily going to happen this year, but certainly over the next few years."

Rogers believes that the inflation risk would be more acute in China as exchange controls would trap funds and restrict outflows.

"It (the money) has only so many places it can go. You cannot go and buy a house on the (French) Riviera. More and more overseas Chinese investors would want to keep their money in yuan, as they know it would appreciate later.

Refuting claims that interest rates would need to remain low to avert potential deflation, he said central banks would have to hike rates in order to keep their economies under control.

"Governments around the world are going deeper and deeper into debt and this has got to be financed. Someone will have to pay higher rates eventually, " he said.

"Interest rates have already gone up to some extent. The US long-term government bonds market has already dipped beyond its low. The US government is trying to hold down interest and mortgage rates but there is only so much they can do."

Source: China Daily

Jim Rogers president of Rogers Holdings is George Soros former partner and co-founder of the Quantum Fund, and a truly legendary international investor who helped generate a 4,200% total return over a 10-year period .Jim Rogers is always bullish on Asia Commodities Agricultural Products gold and silver

Inflation Inevitable Could Be Much Worse Than the 1970s

Jim Rogers : Inflation Inevitable Could Be Much Worse Than the 1970s

"The Federal Reserve has laid the groundwork for some serious inflation down the road by printing all this money," Rogers says. "So have many other central banks."
"We're going to be paying more for just about everything down the road." Jim Rogers said