Tuesday, October 15, 2013

Stunning Inflation Figures

Go to a restaurant in New York, or a grocery store, and tell me that there's no inflation.

Look here: In 2001, it cost 9 dollars to go to the top of the Empire State Building. Now it's 27 dollars to go to the 86th floor, 44 dollars to go to the top, and 67 dollars to go express. The Museum of Modern Art in 2001 was 10 dollars, now it's 25 dollars. A cab from Kennedy airport to Manhattan in 2001 was 30 dollars plus tolls. Now it starts at 52 dollars.

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).