Monday, April 29, 2013

Inflation: I See Prices Have Gone Up For Just About Everything

"I do know that governments keep telling us prices are down – at least, the U.S. government does. But many governments acknowledge that there's inflation, including India, China, Taiwan, Norway and Australia. I find it very peculiar that so many places in the world have inflation, but there's no inflation in the United States. When I'm in the United States, I see prices have gone up for just about everything – except maybe in housing. So it's peculiar to me that they keep telling us there's no inflation. Look at education, look at medical care, look at insurance, and look at entertainment. I don't know if you've been to baseball game or the theater or anything recently, but these prices are up, although they say that they aren't – or, at least the U.S. government does." - in LewRockwell

Jim Rogers is a bestselling author, financial commentator and successful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI).