Friday, May 27, 2011

You have to have inflation before you can have hyperinflation

Jim Rogers : Well, there will be inflation. First, you have to have inflation before you can have
hyperinflation. I mean, 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. Some countries lie, many countries don’t: Australia, China, India and
Norway. Many countries don’t lie about it and acknowledge that we have inflation. Others lie
about it, the UK and the US, but if you go shopping you know prices are up.


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