Tuesday, April 8, 2014

Jim Rogers vs. Fred Kaufman

BBC Business Daily, Global Food Prices. Highly successful investor Jim Rogers, author of 'Hot Commodities', debates factually inaccurate and economically illiterate campaigning journalist Frederick Kaufman who blames global hunger on speculation in financial markets. Rogers explains that financial speculation on food commodities doesn't contribute to global volatility in food prices, but what is really causing this price-inflation in food prices is greater demand from a growing population, especially in Asia, supply problems with droughts, and floods and other climate hazards reducing crop yields.