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Saturday, October 18, 2008

JIm Rogers, FED, Bailout and Inflation.

Global investor Jim Rogers says the Federal Reserve is "Unleashing an Inflationary Holocaust" on us all Calgary, Alberta CANADA, October 14, 2008 /FSC/ - Agcapita Farmland Investment Partnership (AFIP - 0), Legendary global investor Jim Rogers says the bail-outs being conducted by the Federal Reserve and the US Treasury are "unleashing an inflationary holocaust' on us all. The US runs massive current and fiscal account deficits; therefore, the trillions of dollars involved in the bail-outs will inevitably be printed as the only realistic way to pay for them is via inflation. To put $3 trillion into perspective, it took the US over 200 years to reach approximately $10 trillion in money supply and no more than 12 weeks to commit to another $3 trillion and counting. Jim Rogers continues to advocate investments in agriculture commodities and farmland in selected markets - including Canada. As part of his belief that western Canadian agriculture has a bright future ahead of it, Jim Rogers recently joined the advisory board of Agcapita Farmland Investment Partnership a Calgary based, agriculture, private equity firm. Agcapita's investment team has over 40 years private equity and fund management experience and over $1 billion in total career transactions. The team currently manages a group of private equity funds with almost CAD$ 100 million of assets under management and previously managed a group of emerging market funds with almost C$500 million in assets for one of the largest banks in Europe.

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