jim rogers: why inflation is raging worldwide

Jim Rogers: Why Inflation Is Raging Worldwide And He's Shorting US Treasury Bonds
Interesting interview.

Quote:
"I see more inflation and more currency turmoil as we go forward. There are huge debt imbalances in the world. U.S. is the largest debtor nation in the world and all the assets are in Asia. The largest creditors in the world are China, Korea, Japan, Taiwan, Hong Kong, Singapore this is where the assets are and the debts are in the West. Those imbalances have to be resolved. They frequently lead to more currency turmoil. Well see more inflation, well see more governments fall. We just saw Tunisia fall more are coming because the world is going to continue to have these problems, and especially inflation that is going to cause more social unrest."


Quote:

Inflation is ramping up worldwide, though many governments are trying to downplay the risk. In fact, the Fed is 'throwing gasoline on the fire' with its prodigious money printing.
Higher interest rates are inevitable, which will lead to a lower standard of living for everyone - except those who have recognized the risks and invested accordingly.
Dangerous supply drawdowns are occurring across the commodity landscape (including oil). This will increase the upward pressure on prices.
Given a future of higher rates, as well as massive debt issuance, Jim thinks it's now time to short U.S. Treasuries
The world economy is more interconnected than ever. All the players need each other, raising the systemic risk posed if countries start defaulting

http://www.chrismartenson.com/