Jim Rogers is a world renowned commodity investor and author of ‘Street Smarts: Adventures on the Road and in the Markets’. He spoke with The Prospect Group …
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Tags agriculture ahead Boom Commodities perilous Rogers times
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Prophet Muhammed SAW said “A time is certainly coming over mankind in which
there will be nothing of value except Dinar (gold coin) and Dirham (silver
coin)” Musnad, Ahmad Bin Hanbal Narrated by Abu Bakar ibn Abi Maryam
“There is a huge artificial boom going on,” warns Jim Rogers as for the
first time in history, all the world’s major central banks are
simultaneously printing money. While he remains adamant of the positive
outlook for agriculture, the fact that “the whole world is trying to debase
their currencies,” produces a “major disconnect” between asset values and
economic realities. Stocks are at new highs, not based on reality, but on
printing presses “and that cannot work… this is going to end very very
badly.” While not all western economies are as egregious as others, the
intertwined nature means their fate remains very much tethered to the US,
and as Rogers concludes, “everybody will suffer, be very very careful as
these are perilous times.”
This guy knows is a reknown expert on international trade. The Pentagon
even consults him when they simulate currency war in their war games.
What he is saying about farming and food prices is rather scary.
Jim Rogers on commodities, the agriculture boom, & perilous times ahead
Economics@dannyboys get creative!
http://www.newdistinctsounds.com
Dgnewdis
This isn’t going to benefit western countries much, since the cartel
(Monsanto etc.) is driving out most small operators. I fear that government
desk jockeys in places like Canada will think they can continue deficit
spending because it will be offset by rising prices. Wrong. EVERYTHING IS
GOING TO BECOME MORE EXPENSIVE, INCLUDING GOVERNMENT. YOU NEED TO CUT YOUR
SPENDING MUCH MORE, AND KEEP IT DOWN.
where in my statement did I mentioned I was “unhappy”?
actually without an honest market to trade in all the prices would be
triple or even 20 times higher. The volatility of the weather induces risk
& the farmer’s only choice to cover it is to charge you for all potential
losses. OR let them trade contracts short in the futures market. One or the
other. Take trading away and you WILL pay 50 dollars for ONE loaf of bread.
WILL and you’ll be THANKFUL it’s so cheap.
immigrant workers are a good sign of a free market in labour, why would you
be unhappy about this?
#1 GMO corn is causing CANCER in animals it is fed to. Do you call that
FOOD? Normal corn doesn’t do that. #2 crops ARE being burned from
dehydration & buried into the soil again to start over. That’s been widely
reported in the last 2 summers. #3 fukushima radiation IS IN THE FUCKING
WATER. That’s pretty serious & threatens our food supply. What farmer can
deny this? WHO CAN DENY THIS? Will you deny this?
I’m not lecturing a farmer on the production of food. Man, try re-reading
this start to finish & see if you still come to the same conclusion. How
much corn do you get for 49 cents? Corn can be very expensive at 49 cents
if you only get one mouth full. How much food is in that pizza? How filling
is it? How skimpy are the toppings? Pretty skimpy. I’ve had it, it’s tasty,
but it isn’t filling. I can make more for $5 on my own & even then it’s
still expensive & getting MORE expensive.
lol, nice double talk.
yeah we definitely need more young farmers, all over the world, to feed
THEIR LOCAL economies, not ours. the last thing the world needs are more
commodities traders, hedge funders and other greedy financiers & vulture
capitalists, like yourself Jim Rogers.
per equal weight, bread, corn, ham coldcuts, chicken, beef, have all
doubled in the last 10 years, start to finish. Chicken’s gone up 15% just
in the last 2 months where I live.
How are you supposed to get young people into farming, when communist
corporations own all farms? It has nothing to do whatsoever with the
profitability of farming, anymore than it did in the Soviet Union when
corporations ran the Soviet farms. In a Soviet economy, stocks go up,
Detroit goes bankrupt, physical gold shortage, price going down,. In a
command economy with a phony stock market and commodities market prices,
you can do anything, like create $16 trillion from nothing.
zerohedge .
com/news/2013-09-12/real-america-near-record-20-struggle-afford-food-highest-crisis-began
yeah, because your average white-assed American is too fucking lazy to do
manual labor or feed themselves. next time you put food in your mouth,
thank the ‘illegal immigrant’ who grew & harvested it for you.
Machines/automation will make up for the loss of farm workers. However,
land is running out slowly
The supermarkets have bled the farmers dry of profits so who wants to be a
slave to the likes of walmart, no thanks.
This is exactly what the man argues against. LOL.
there are a number of problems with aquaponics in its current form (I
nearly started an aquaponics operation)… mainly where does the feed come
from? The main ingredient in commercial fish feed is fish meal (ground up
fish caught from the ocean)… which means all aquaculture operations,
aquaponics included, are contributing to rather than mitigating the
depletion of fish from the ocean, which, on its current trajectory, there
won’t be enough fish in the ocean in 40-50 years
yeah there’s no free market :I
I never claimed I was a farmer. I was questioning your outrageous arrogant
for lecturing a farmer on the production of food – and given your last
comment, from a position of extreme ignorance. But I have my answer, as
apparently you’re something of an obnoxious jerk as well. A can of corn at
Aldi’s costs 49 cents. One Hot-N-Ready pepperoni pizza at Little Caesars
costs $5. Name me one type of food that has dramatically increased in cost
over the last ten years.
also, it won’t be because we won’t be producing vegetables lol. more like
we won’t have the fuel to farm and will got back to the stone age.
awesome. jim rogers usually hits the nail on the head
I don’t think that things will change and when the economy does go to hell
at least even the rich will suffer.