Commodity Prices Rising
Talking about the historical pattern that arises when governments print money, Jim Roges said that there's no doubt that commodity prices will continue to rise as a consequence of those ongoing practices.
Not only is America printing money, Rogers notes, but the whole world is, and that will fuel commodity price increases for some time into the future.
Another factor will be the locked up credit markets which disallow farmers from getting loans, as well as other commodity-related sectors like mining companies.
So even if none of that was happening, Rogers has asserted in the past that the emerging markets in China primarily, and secondarily the other BRIC countries, would have driven up commodity prices on their own. Now with these other factors added in, it looks like this will have an even more dramatic impact on commodity prices rising.
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