This is CLEARLY grossly inaccurate. You don't have to look any further back than this morning to see a major economy spending nearly 20 years in an unsuccessful attempt to generate even moderate inflation - never mind "hyperinflation". Second-tier economies inflate and explode. Major economies deflate over longer periods of time.
beeland -------------------------------------------------------------------------------- Beeland Management Disputes Jim Rogers' Statements CHICAGO, Oct. 28 /PRNewswire/ -- Beeland Management Company is currently in a dispute with Jim Rogers, the majority owner of Beeland, concerning his interests in the company. Despite Mr. Rogers representations that he transferred his ownership, there has been no vote of the membership to approve a transfer of Mr. Rogers' interests as required by Beeland's charter. Also, Mr. Rogers is not a participant in the Rogers International Raw Materials Fund, L. P. His claims that he has withdrawn his economic interest from the fund are patently false and misleading. In addition, his claims concerning miscalculations of the Rogers International Commodity Index (RICI) relate to data provided by a third party vendor. As a result of the incorrect data, the performance of the index has been marginally understated and the index should show improved performance upon correction. Beeland will continue to operate its commodity index. While Mr. Rogers remains its majority owner, he has not been actively involved with the operations of the Fund since RICI was created six years ago. SOURCE Beeland Management Company
Rogers stated cotton is not trading on fundamentals - the Chinese government had to start buying cotton from cotton farmers to keep the farmers from going belly up. There are no buyers and many factories that used the cotton have shut their doors. The gov't is now sitting on a huge stockpile of cotton. Chinese gov't is also sitting on a huge stockpiles of copper. I agree things will get going again, but I'm not calling any bottoms.
the next great bubble: commodities? if inflation becomes an issue imo, government bond shorts are the place to be and not commodities. 10 year TIPS are dirt cheap. gold could see a move in 2009 much like oil had this year.
"Gold is money, and nothing else is." - J. Pierpont Morgan Steel or lead or zinc or cotton are commodities
If you are thinking of Japan, that is not comparable. If you think the US is going to pay its debt in the future with dollars worth more than they are today you are living on another planet. This debt will be monetized. That much you can count on.