How you can have inflation in Norway or India and not in the US ?

Jim Rogers : In my opinion, yes, of course it is. Have you looked at it? They’ve changed their accounting several times in the past few decades.When housing was 20% to 25% of the CPI and housing was going up, they didn’t count it, saying rents weren’t going up, and then when home
prices started going down, they counted it. It’s the same with many things. It’s staggering some of the tortuous reasoning that the BLS has used over the past 25 or 30 years. When the price of gasoline goes up, they say it’s not really going up because it’s better gasoline, better quality, therefore you’re getting more for your money. I mean, it’s endless, the stuff that they say and for some reason people sit there, although more and more people are catching on, and accept what the government says. As I said, in other countries, they acknowledge that there’s inflation. I don’t know how there could be inflation in Australia and not in the US; how you can have inflation in Norway or India and not in the US, but the US says there’s no inflation


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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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We have inflation now

“We have inflation now. If you go to the shop, whether it’s groceries (NYSE:RJA), or education or insurance (NYSE:KIE) or health care (NYSE:XLV), prices are going up for everything. The government lies about it in the US.” - in MWC News

China should do like Singapore to fight Inflation

Jim Rogers : Here in Singapore, they’ve allowed their currency rise to mitigate inflation. I expect the Chinese will eventually have to do the same thing.

You’re better off cutting growth in advance, than allowing inflation to get out of control. If growth drops to 3%, who cares? That’s better than letting inflation get out of control, because once it does, it’s very tough to rein in.

Then you have to incur a recession or worse to control inflation. - in www.minyanville.com

Inflation going to get worse

“But with U.S. pouring gasoline over the fire, it’s going to be much more difficult for anybody to stop inflation. America is fanning it as best as it can, and it’s going to get worse.” - in www.myloansconsolidated.com




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It Will Be Difficult To Stop Inflation says Jim Rogers

It Will Be Difficult To Stop Inflation said famed investor Jim Rogers recently
Jim Rogers : “But with U.S. pouring gasoline over the fire, it’s going to be much more difficult for anybody to stop inflation. America is fanning it as best as it can, and it’s going to get worse.” - in www.myloansconsolidated.com