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.
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 ...
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.
High commodities values make good miners more in-demand ... it’d help both the company and the miner.
SnakeDOc
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.
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
ROTFLOL
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."
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.
LOL. That was pretty funny movie.
Damn. I hate it when you’re right and concise.
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.
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.
I have been seriously considering learning how to brew my own beer. Just in case!
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.
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.
Just ask how well this worked out in China or the Soviet Union.
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
We have enough land to grow enough for our self and kids/grandkids and some to share if worse comes to worse thankfully.
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?
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.
The PA Farm show is next week in Harrisburg and you will hear it all over the building.
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