The only kind of high prices most find acceptable are for stocks and real estate. Jim Rogers...

The only kind of high prices most find acceptable are for stocks and real estate. Jim Rogers makes the case that high commodity prices are absolutely necessary to ensure continued supplies. "Are the politicians going to work 12 hour days in the field for nothing?"

Comments (6)
  • davidingeorgia
    , contributor
    Comments (2661) | Send Message
    Now that's a mental image that brought a smile to my face. Politicians doing hard manual labor...say with a hoe or shovel in the Deep South in July or August. Or, perhaps imagery involving sledge hammers, rocks and chains is more appropriate for politicians?. Shame we can't send some off to work like that instead of to cushy lobbyist jobs once they leave office.
    3 Feb 2011, 12:49 PM Reply Like
  • deebballer
    , contributor
    Comments (3) | Send Message
    If only men like Jim Rogers ran our country...
    3 Feb 2011, 01:01 PM Reply Like
  • Machiavelli999
    , contributor
    Comments (831) | Send Message
    Well at least Jim Rogers is acknowledging that high commodity prices is a real supply issue instead of purely a monetary inflation issue.


    Of course, it's funny that so called "free market" conservative are the same ones who want to kick out the people willing to work 12 hours in the field for pennies an hour. And they see no possible detrimental effects to increasing labor costs by doing this.


    BUT an innocuous food regulation bill supported by most major food producers is equivalent to major human rights violations.

    3 Feb 2011, 01:09 PM Reply Like
  • Cincinnatus
    , contributor
    Comments (5854) | Send Message
    You're surprised that major players would support regulation that would stifle competition? Regulations nearly always are beneficial to big, established players in a sector. Not only do they more easily absorb the costs through economies of scale, but with a corrupt administration like the current one there's a waiver available for a nice contribution and political backing (i.e. Obamacare, EPA regs, etc.). It's called pay to play and the big boys are good at it.
    3 Feb 2011, 02:18 PM Reply Like
  • kmi
    , contributor
    Comments (4526) | Send Message
    Bleh link in German, not one of my languages...


    As to the premise, I'll argue prices going up on some commodities as a result more of artificial demand than actual supply shortage, on speculation more than scarcity, and most commodities are more than profitable at current prices -after- exploration and extraction.


    Anyway, hey Jim Rogers I disagree, buy me dinner and I'll tell you why.
    3 Feb 2011, 02:12 PM Reply Like
  • deebballer
    , contributor
    Comments (3) | Send Message
    The interview is in English...I'm sure a lot of people will trust your judgment over Jim Rogers.
    3 Feb 2011, 05:13 PM Reply Like
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