Jim Rogers: Social Unrest Coming

Rising commodity prices could trigger social unrest in some countries in the future, says noted commodities investor Jim Rogers. Supplies for many natural resources low and demand for them high, pushing up prices. Most commodities values from corn to copper saw significant rises in 2010 and prices continue to hold solidly. The last time commodity prices, particularly agricultural prices were strong, was in 2008. There were riots in some countries as some of the poorest people in certain countries were unable to afford basic staples. Prices for raw materials are rising again and if inflation starts to take off that will only stoke the flame, Rogers said. ?You?re already starting to see some unrest in some countries as prices go higher. It?s going to cause a lot more social unrest as prices go higher around the world. Some governments will topple,? he said. He said commodity-rich countries like Australia and Canada and those in South America and Africa will do well if prices rise. Farmers will also benefit. ?You will see some governments topple. Is it the end of the world? I don?t think so. It wasn?t in the 70s. But there will be more political instability everywhere,? he said. More Here..

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