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New world order will see farmers and miners in charge
Telegraph ^ | 1/4/11 | Garry White and Rowena Mason

Posted on 01/04/2011 2:53:42 PM PST by FromLori

“All these people who got MBAs made a mistake,” according to Jim Rogers, the commodities investor, at the Reuters Investment Outlook Summit last month.

“The City of London and Wall Street are not going to be great places to be in the next two or three decades. It’s going to be the people who produce real goods in charge – the farmers and the miners.”

With commodities up 42pc since the beginning of last year, according to a basket tracked by Reuters, his words certainly ring true for 2010. An array of metals from gold to copper have hit record highs, while palladium has doubled and silver is up 83pc.

Coal, potash and other mining companies have also been a key target of merger and acquisition activity.

We believe this isn’t just a short-term rally, and would argue that commodities will have another bull run this year, driven by fundamental demand from emerging economies – principally China.

(Excerpt) Read more at telegraph.co.uk ...


TOPICS: Culture/Society; Government; News/Current Events
KEYWORDS: economy; farmers; miners; nwo

1 posted on 01/04/2011 2:53:52 PM PST by FromLori
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To: FromLori

Shades of ‘Animal Farm???’


2 posted on 01/04/2011 2:55:58 PM PST by SandRat (Duty, Honor, Country! What else needs said?)
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To: FromLori

Better than the professoriat.


3 posted on 01/04/2011 2:57:34 PM PST by dblup
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To: FromLori
Wow, maybe my miner husband will see a raise from the company./Sarc
4 posted on 01/04/2011 3:00:22 PM PST by ladyvet
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To: FromLori; The Comedian

Just bought a 12 pack of beer for the 1st time in a month. Pacifico Clara and Negro Modelo were both up a $1 since last time.


5 posted on 01/04/2011 3:00:29 PM PST by dynachrome ("Our forefathers didn't bury their guns. They buried those that tried to take them.")
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To: FromLori

Well, I must say, I don’t think that JP Morgan’s massive naked silver shorts can be working out for them very well recently.


6 posted on 01/04/2011 3:01:32 PM PST by Cicero (Marcus Tullius)
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To: dynachrome

Yeah. The beer at my supermarket has been going up a buck every time I turn around. I lay in a couple of cases, but there’s a limit to how long it will keep. Maybe a year or so in the cellar.


7 posted on 01/04/2011 3:03:12 PM PST by Cicero (Marcus Tullius)
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To: FromLori

Cool. I start farming our side lot this year - twelve 10x4 raised beds, six fruit trees, and some table grapes.


8 posted on 01/04/2011 3:09:47 PM PST by p. henry
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To: FromLori
World's Top 100 Miners: 2010 was a breeze: now what?
9 posted on 01/04/2011 3:15:53 PM PST by epithermal
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To: FromLori

As a farmer, I’m not complaining.


10 posted on 01/04/2011 3:16:10 PM PST by tiki
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To: FromLori

That doesn’t make sense. If commodities and real goods are where the money is ... that’s where Wall Street will invest. High commodities values may help miners and farmers, but it won’t hurt Wall Street (where much of the ownership of mining and farming operations reside).

SnakeDoc


11 posted on 01/04/2011 3:16:42 PM PST by SnakeDoctor ("They made it evident to every man [...] that human beings are many, but men are few." -- Herodotus)
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To: FromLori

I think you can add OIL to this.


12 posted on 01/04/2011 3:19:18 PM PST by Sequoyah101 (Half of the population is below average)
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To: dynachrome
Just bought a 12 pack of beer for the 1st time in a month. Pacifico Clara and Negro Modelo were both up a $1 since last time.

I don't drink beer but I noticed that bacon is up more than a dollar a pound over the past couple months.

Who can live without bacon?

13 posted on 01/04/2011 3:20:09 PM PST by Graybeard58
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To: FromLori
Comrades, Come join our collective!

Image Hosted by ImageShack.us
14 posted on 01/04/2011 3:22:01 PM PST by cripplecreek (Remember the River Raisin! (look it up))
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To: FromLori

Couldn’t be any worse than landscape artist and chicken farmer. Jokes aside, the self anointed social architects in charge now are right down there with child molesters on the ethics scale.


15 posted on 01/04/2011 3:22:37 PM PST by SpaceBar
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To: SandRat
Shades of ‘Animal Farm???’

"Have you heard the news? The dogs are dead..."

16 posted on 01/04/2011 3:23:27 PM PST by dfwgator
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To: FromLori

Get the book by conservative author Taylor Caldwell called “The Devils Advocate”. Libs hated her, they still do.

She was right 60 years ago.


17 posted on 01/04/2011 3:25:06 PM PST by dforest
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To: cripplecreek

retailers of the world unite!! When the revolution comes we’ll all have twenty paid weeks off a year, a russian bride, and the right to kill any customer who dares make a return


18 posted on 01/04/2011 3:25:26 PM PST by utherdoul
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To: FromLori

So all the small farms have been bought up by large corporations and get subsidies (cotton, rice, soybeans and wheat) from the government. Guess someone was pretty damned smart.


19 posted on 01/04/2011 3:26:24 PM PST by Terry Mross ( Time for a true conservative third party.)
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To: tiki

Yeah, but if you are not a farmer that goes along with the agenda, they will flatten you.


20 posted on 01/04/2011 3:27:08 PM PST by dforest
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To: SnakeDoctor
High commodities values may help miners and farmers...

They should have said it helps Mining Companies, not miners. Hard-rock miners out here are getting bonus's cut, benefits cut, insurance cost rising, just like everyone else.

21 posted on 01/04/2011 3:27:53 PM PST by ladyvet
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To: ladyvet

High commodities values make good miners more in-demand ... it’d help both the company and the miner.

SnakeDOc


22 posted on 01/04/2011 3:34:47 PM PST by SnakeDoctor ("They made it evident to every man [...] that human beings are many, but men are few." -- Herodotus)
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To: FromLori
Yeah, farmers and miners who get paid a bowl of rice per day and are allowed to purchase one license to allow the birth of one child per lifetime.

It's not going to be Little House on the Prairie.

It's going to be Mao's Great Leap, with Goldman Sachs and George Soros playing the part of Mao and the Politburo.


Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.

23 posted on 01/04/2011 3:39:30 PM PST by The Comedian (Government: Saving people from freedom since time immemorial.)
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To: Sequoyah101

They did add Oil...

snippet..

“Oil will hit $100
All the signs suggest that oil will break out of the $70-90 trading range seen this year. There is little suggestion that OPEC, the world’s powerful cartel of producing countries, will act swiftly to increase production and dampen prices.”

Other things too if you read it in full and speaking of Oil they are already spending the money they plan on making.

Oman doubles spending as oil revenues surge

http://arabnews.com/economy/article228947.ece


24 posted on 01/04/2011 3:39:31 PM PST by FromLori (FromLori">)
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To: FromLori

ROTFLOL


25 posted on 01/04/2011 3:42:14 PM PST by freekitty (Give me back my conservative vote; then find me a real conservative to vote for)
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To: Graybeard58

Bacon has been up for awhile. Due to feed grains and regular grains going up?


26 posted on 01/04/2011 3:42:28 PM PST by dynachrome ("Our forefathers didn't bury their guns. They buried those that tried to take them.")
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To: dynachrome
Bacon has been up for awhile. Due to feed grains and regular grains going up?

"Pork bellies! I have a hunch something exciting is going to happen in the pork belly market this morning."

27 posted on 01/04/2011 3:46:49 PM PST by dfwgator
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To: indylindy

Yeah, I know. I’m paying off debt as fast as I can. We already have a wheat contract and chile contract, will soon be getting a milo contract and are considering a cotton contract. So, God willing, we should be okay this year if the weather cooperates.

I did foresee inputs going through the roof and have already purchased 50% of our fertilizer.


28 posted on 01/04/2011 3:51:48 PM PST by tiki
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To: dfwgator

LOL. That was pretty funny movie.


29 posted on 01/04/2011 3:56:03 PM PST by dynachrome ("Our forefathers didn't bury their guns. They buried those that tried to take them.")
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To: The Comedian

Damn. I hate it when you’re right and concise.


30 posted on 01/04/2011 3:59:33 PM PST by redpoll
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To: FromLori

If all the Wall Street and London MBAs went the way of the Arkansas red-winged blackbirds, few people would notice—and fewer would care about them than cared about the blackbirds.


31 posted on 01/04/2011 4:04:06 PM PST by MIchaelTArchangel (Obama makes me miss Jimmah Cahtah!)
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To: dynachrome
Bacon has been up for awhile. Due to feed grains and regular grains going up?

Most likely.

I just noticed that 1 lb. Oscar Meyer bacon was $3.99 at W-M, next day it was $4.99 and very soon after was $5.24 and I and my grand son loves our bacon.

Possibly we could quit burning corn for fuel and feed it to the hogs and the price of both might come down.

32 posted on 01/04/2011 4:15:21 PM PST by Graybeard58
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To: Cicero

I have been seriously considering learning how to brew my own beer. Just in case!


33 posted on 01/04/2011 4:28:21 PM PST by joesjane ((The strength of the pack is the wolf - Rudyard Kipling))
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To: Graybeard58

Only in America would we burn food, corn, for fuel.

It is like selling your roof for a dollar then bitching because it was raining.


34 posted on 01/04/2011 4:33:48 PM PST by hadaclueonce ("Endeavor to persevere.")
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To: FromLori

Have you read the summary of S.510/HR.2749?

This monstrosity passed the House 1-1/2 years ago. It was the FDA takeover over of all U.S. food production. The Senate toned it down a “little” but it is still a prescription for serious hunger in the nation. It was first passed by the Senate in a voice vote (in the Lame Duck Session), but later revoted when they realized it had to originate in the HR. All this was sold by the scare of poisoning of the food supply by terrorists.

The solution is more local food production, but the governments solution is push all of the little producers out and turn it over to Global Ag. If you are hungry in 2011, don’t blame a farmer, blame the lying POLs. If your food costs go up by 50% in 2011, don’t blame a farmer, blame the lying POLs.

You are warned about the consequence. But not by the MSM. They are totally silent. The POLs are also totally silent.


35 posted on 01/04/2011 4:40:36 PM PST by Texas Fossil (Government, even in its best state is but a necessary evil; in its worst state an intolerable one.)
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To: FromLori

Just ask how well this worked out in China or the Soviet Union.


36 posted on 01/04/2011 4:43:15 PM PST by GingisK
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To: Texas Fossil

I did read that he signed it into law just today you know.

President Obama signs into law sweeping food safety bill expanding FDA’s powers

Read more: http://dailycaller.com/2011/01/04/president-obama-signs-into-law-sweeping-food-safety-bill-expanding-fdas-powers/#ixzz1A7Kz3KFu

We have enough land to grow enough for our self and kids/grandkids and some to share if worse comes to worse thankfully.


37 posted on 01/04/2011 4:48:51 PM PST by FromLori (FromLori">)
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To: FromLori

So do we. And the farm equipment.

And we have a private meat processing operation on our farm. We make beef sausage (for our own us). And we have the cattle. Tons of wild hogs plague this area.

They are still refusing to listen to us, after the Nov. Elections. How large a board do we need to get the point across?


38 posted on 01/04/2011 4:57:25 PM PST by Texas Fossil (Government, even in its best state is but a necessary evil; in its worst state an intolerable one.)
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To: Graybeard58
Possibly we could quit burning corn for fuel and feed it to the hogs and the price of both might come down.

The entire American hog indusry nearly went bankrupt just last April, 2010, due in large part to an enormous oversupply of pork. Several of the largest hog producers in the southeast did not make it and are out of business, barns are empty.

The best producers are now clearing $50 per 250 pound market hog. There's still too much pork around.

America has enormous feedstuff surpluses, huge meat surpluses.

Just a month ago Successful Farmer had a special issue with an article entitled "Boatloads of Meat" detailing how important exports of our surplus meat is the continued viability of the AMerican food industry.

Most Freepers have no idea at all of how much extra food and feedstuffs we have.

See my tagline.............it's been true for more than 50 years.

39 posted on 01/04/2011 6:57:13 PM PST by Balding_Eagle (Overproduction, one of the top five worries of the American Farmer each and every year..)
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To: Balding_Eagle
The word around the Amish community in Lancaster, PA is, get the hoggen out of the pig business.

The PA Farm show is next week in Harrisburg and you will hear it all over the building.

40 posted on 01/04/2011 7:03:31 PM PST by AGreatPer (Voting for the crazy conservative gave us Ronald Reagan....Ann Coulter)
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To: Balding_Eagle

Not questioning or doubting any of your statements but why is it as you say, there is an excess of hogs, that the price at the market is rising. That’s opposite of the law of supply and demand.

I know according to your post that farmers aren’t getting the extra money. Where is it going? The price of fuel to transport all that meat? The retailers making more money?


41 posted on 01/04/2011 7:06:27 PM PST by Graybeard58
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To: Graybeard58

There is an excess of pork in the sense that the profit margins for the producers are too small. It’s slowly being ‘corrected’, but with each producer making his own decision it may take some time. Everybody has a lot of fixed overhead, and so producing an extra 5% costs only the cost of production, and everyone in farming is an optomist about future prices. Knowing that, I don’t see production falling, except as those who are driven out of business don’t send hogs to market.

Then, those production facilities will be picked up by new optomistic owners, and we’ll see the cycle continue.

I buy pork chops now, I used to be a producer, and they are dirt cheap at the meat counter.

Transportation (fuel)costs are going to be a signifcant factor. It cost more to harvest the corn, more to haul it to the grain handling, more to truck hogs to market, ets, etc.

Not sure if the retailers are taking a bigger profit, but my sense is that they’re not.

That’s not a very concise answer, but I hope it helps.

An FYI: Food prices, as a percent of the average persons income, have fallen 40% in the last 40 years.

Eat up!


42 posted on 01/04/2011 7:53:17 PM PST by Balding_Eagle (Overproduction, one of the top five worries of the American Farmer each and every year..)
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To: Balding_Eagle
Pork-Belly Market May Go Belly-Up

Pork-belly contracts have been traded on the Chicago Mercantile Exchange since 1961. But The Wall Street Journal reports the pork-belly market is in danger of becoming extinct. Last month, the exchange traded just six pork-belly contracts.

In case you're wondering, a pork-belly is the frozen slab of meat that bacon comes from. Farmers sell their pork bellies far in advance to lock in prices. So why is the pork-belly contract dying out? Well, it's not that we're giving up bacon. But now we eat it year-round so there is less need for futures contract.

43 posted on 01/04/2011 9:54:58 PM PST by bruinbirdman ("Those who control language control minds." -- Ayn Rand)
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To: Balding_Eagle

Just read this and it may have something to do with the high price of bacon.

“Pork-Belly Market May Go Belly-Up”

http://www.freerepublic.com/focus/f-news/2651725/posts


44 posted on 01/05/2011 4:05:55 AM PST by Graybeard58 (Don't tell Obama what comes after a trillion)
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To: The Comedian

you nailed it !


45 posted on 01/05/2011 5:03:13 AM PST by Patton@Bastogne
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To: Graybeard58

I need to correct my math mistake on the earlier post to you.

In 1970 food costs comprised about 14% of the typical families income, today it’s 10%.

That’s a 30% reduction in the last 40 years, not 40%.


46 posted on 01/05/2011 9:04:14 AM PST by Balding_Eagle (Overproduction, one of the top five worries of the American Farmer each and every year..)
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To: The Comedian
Holiday In Cambodia

L

47 posted on 01/05/2011 9:07:41 AM PST by Lurker (The avalanche has begun. The pebbles no longer have a vote.)
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