Gold: I Won`t Argue With Human Stupidity

Jim Rogers: If you’re worried about evil speculators making money, go to the field and drive the price down

The prices of corn, soybean and other basics skyrocket in the U.S. after the most severe drought in decades that are all across the Midwest. Certainly this news is very bad for all the consumers, but there are people that are very happy about this situation. The finance guru Jim Rogers is one of them and while others suffer from the drought, he is making serious money.

The commodities trader Rogers admits, that he is ecstatic to see prices going higher because that might save the day.

Jim Rogers: Much bigger problems around the globe than the drought in the US

The international investor and commodities guru Jim Rogers warned that there are larger problems in the global agriculture than the drought in the United States. The problems in the US are very serious since the Midwest is facing a crisis following the lack of rains that is causing soybean and corn crops to wilt.

Although that the current temperatures in some regions of the United States are exceeding the records from the Dust Bowl era, Rogers believes that these problems are nothing compared to the larger problems in the global agriculture as a whole.