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Jim Rogers is known as the Wall Street King and Commodities Legend. He promotes the free market and admits that his views align best with the Austrian School of economics. Mr. Rogers was born in Maryland, raised in Alabama, and now resides in Singapore, where he moved in December 2007

In 2005, Mr. Rogers penned Hot Commodities: How Anyone Can Invest Profitably in the World’s Best Market. In his book, he quotes a paper co-authored by Geert Rouwenhorst, a Yale School of Management professor. Mr. Rogers points to this paper as illustrating that over time, putting money into commodities is one of the best investments a person can make.

During his summer 2010 interview with the Economic Times, Mr. Rogers made some strong claims. He said that widening fiscal deficits and rising stocks are leading to a currency problem. He believes that even if stocks hit record levels, they may be valued in worthless currencies.

Mr. Rogers stated that people should focus on commodities and agriculture. This is because the global population is close to peaking and people have been consuming more than has been produced. He believes that in the future, people who produce real goods will become wealthiest and hold the most value.

Mr. Rogers has some interesting thoughts regarding the Federal Reserve. He said he expects it to disappear, similar to what happened with the two central banks that existed prior to the Fed. He believes that the Fed’s money printing policy will result in the bank collapsing from within.

On Sunday, Mr. Rogers received the prestigious Schlarbaum Prize for the lifetime defense of liberty from the Mises Institute. Those who follow his line of thinking will make investments in commodities to make more money than could be made in stocks. Mr. Rogers has created several commodities funds including AB Svensk International Commodity Index and AB Svensk Exportkredit Commodity Index.