Jim Rogers Loves Him Some Food (Inflation)

Nicole Lapin with Jim Rogers
Nicole Lapin with Jim Rogers

It's no big surprise that Mr. Rogers likes him some food. In fact, he doesn't come on my show unless I bring out a royal breakfast spread.

And just like food, he is on food inflation, too. Here's what he told us this morning: "QE2 is part of it—whenever governments have printed money throughout history, people put their money in real assets whether that's rice, silver or natural gas. People protect themselves. People don't just sit there and say, 'oh, gimme some more paper money'—that's being debased. That's part of the problem right now.

But the more serious problem right now—it's demand—go to India, go to China see how people are changing their lives, see how their using more. But it's also supply —commodities are based on supply and demand. You could have demand go down but the if the supply goes down more, you're gonna have a bull market. This is simple stuff and it's happening right now."


Questions? Comments? Email us atNetNet@cnbc.com

Follow NetNet on Twitter @ twitter.com/CNBCnetnet

Facebook us @ www.facebook.com/NetNetCNBC