UK farmer

Exploiting Harvest Delays: A Healthy Portfolio Needs More Vegetables

40 years ago, in every £ spent on food, the farmer received half- today the farmer receives 10%; food sourced by multinational companies allows food to be purchased on one continent, and sold at a profit on another with no regard to domestic agriculture.
As a capital intensive industry, the flight of capital from farms to further up the food chain has to slow- or the poor will not be getting enough food from the existing farms, as it will be priced above their means, because the costs of growing are increasingly burdensome and not being made.
Corn, soya, rice wheat may well go up in price but there is a dramatic social cost to be paid, sometime.
Peak oil, peak gold are of little consequence when compared with peak soil, peak food.

Tuesday FX View: Currency Traders Take a Beating as Dollar Rally Gives Way

How undervalued is the Yuan on currency market data- what would be the true value if it floated like every other curency ? A guess will do

Why U.S. Government Should Cut Federal Workers' Lavish Compensation

In the UK, the liability of public employee pensions amounts to 80% of GNP.
Meeting one of these officials, you realise that the only jobs being made here are interferring with people at work.
As for myself, I have never been an official, so I still know how to do things

Sure It’s Legal … But Is It Right?

To have a real democracy, you vote via mobile phone on every decision, (just like Americas got Talent or Idol). Lets see how the lobbyists cope with the will of the people. Execute anyone interferring with the peoples vote. This would take the power from your financial and political aristocrats.
A majority from minority interests, Hells Angels teaming up with Chess clubs saying "No more counterfeiting my dollars by QE"


On Sep 02 01:14 PM market ace wrote:

>
>
> The fundamental common denominator in each of these problems is immorality.
> Creating money out of thin air is counterfeiting and theft, no matter
> who does it. Bonds that can never be paid are promises that cannot
> be kept, and are dishonest. Lying to the people for self-glorification,
> and to divert attention away from actions that were negligent and
> destructive is immoral. A government that robs from the poor and
> gives to the rich is corrupt. A government that casually throws its
> workers to the wolves while catering to the wealthy is morally lost.
> And a Congress that decides, in direct rejection of the United States
> Constitution, that there will be two classes of citizens in America,
> the commoners and the elite, the serfs and the nobles, is derelict
> in its duty and a disgrace to its high office.
>
> There is accumulating evidence that the Washington – Wall Street
> moral hazard experiment has gone disastrously wrong, and that just
> like any other accidental discharge of a deadly virus, the moral
> hazard virus is now loose and swiftly propagating throughout society.
> By so blatantly colluding with Wall Street, Washington has lost all
> moral authority, and the people now have only one place to turn:
> themselves. An ethic of, “If they can do it, so can I,” is spreading,
> as people realize that fabric of American society has been shredded
> and replaced by a free-for-all mentality whereby everyone must fend
> for oneself in order to survive.
>
> Homeowners evicted by foreclosure trash their homes in rage on the
> way out the door, with an estimated 50% of such dwellings damaged.
> Looters and squatters destroy many of the rest, stealing copper pipes,
> wiring, granite counter tops and anything else of value. Dozens of
> Internet sites such as “youwalkaway.com” provide calculators to help
> homeowners decide whether or not to “strategically” default on their
> mortgages. Shoplifting costs retail businesses $35+ million per day,
> as 27 million shoplifters go on the hunt. Drug addicts who have become
> shoplifters say that the activity is equally as addicting as drugs,
> leading to a continuing cycle of theft. [3] Insurance fraud is a
> systemic financial risk, with 25% of fires caused by arson or suspected
> arson, making this the greatest cause of property damage in the United
> States. Even before this financial crisis, which has bankrupted millions,
> 10% of respondents said it was acceptable to submit a false insurance
> claims. [4] Medicare fraud exceeds $60 billion per year. Phony automobile
> and other bodily injury claims cost billions annually, and are difficult
> to control since it is impossible for a court to tell someone they
> are not in pain. [5] Each day, 175,000 phony checks are presented
> as payment. The cost of check fraud is estimated to exceed $50 billion
> annually. And on and on it goes.
>
> It seems like a terrible way for the public to get even with gov't
> and Wall Street and it will destroy us all in the end, but how do
> you stop such moral decay?

What They Say / What It Means: New Market Reality Edition

Mr Durden, You will never be a politician as half a lie is better than no politics; where it teaches some to lie and all of them to believe lies.
The part you can believe is the title to the statistic; the figures that support the title are a terminological inexactitude, the politicians way of saying a lie.
The whole thing has the characteristics of a game, all fighting and good fellowship- we are out of the game, but holding the bill.
What did we get for it?.

Letter to Senator Schumer: Here's Where You Should Really Focus Your Attention

To use a farming analogy, the retail investor is like a sheep waiting to be sheared, but on closer examination some sheep, like ZH, are merely wearing sheeps clothing. A powerful letter, sent to a powerful representative of the people ? The people are interested

Housing Bubble, The Sequel

In Italy the debt is assigned to the property, not the individual- would this help ?

Why Economic Dogma Threatens Our Future Prosperity

An interesting article..In America you have an aristocracy, a few people holding all the power, which is not much of a democracy to the rest of us.
There is a book called "The Third Wave" by Alvin Toffler, which may ease the way forward, and is a more interesting book than The Downwave by Robert Beckman, that predicted this crisis, aping as it does the last 300 years of mans' finance.
We certainly have to change the way we organise our affairs, and the conundrum is -can it be done without (your) bloodshed.?
Your surviving genes need you all to use your undoubted collective intellects in SA to support a program for a sustainable future, in this time of denial.
Just a macro view from one who knows little

Bankslaughter

Bankslaughter- where does the hyphen go ? Before or after the s ?

Who's Selling Wholesale Volume, and Why?

How much more debt can be heaped on the international system before...... the entire house of cards collapses into default ? Would the VIX move much with a sovereign default ?

The Real Crisis Is Food: Beginning of the Bull for Agriculture

Sunspot activity was near a Maunder minimum in 08, reducing radiation to the crops below, they responded increasing wheat yields globally by 12%. From a reading of 3 in April 08, the peak will be in Oct 2011 at 145 according to spaceweather. So will see.
UV-B radiation, an increase of 11% reduces wheat yield by 24% according to the FAO- yet nobody seems to measure it at crop level
Troposheric ozone, pollutant in sunlight at crop level, a big hit on a day, say 96ppm reduces wheat yield 50%.
Peak oil- I say peak soil, there are fundamental problems following the P & K price rise in 08, the worlds land not as fertile because of financial constraint. Fertility does not return easily.
Average age of farmers in UK- 61, no new blood, few entrants in last 20 years, so who will do the work? Me? I am already knackered

Dollar Down, Gold Up: Great News?

this idea you can have new loans repaying old debts, that are new debts- backed by state borrowings guaranteed by unspecified future tax revenue, which our rulers are discounting the face value of, and further promising to print us out of deflation- these trillions are incomprehensible and uncalculable to most, if not all of us- the problem would seem to be that not only assets loose value and become worthless, but so can paper money.and credit
So deficits are money, replacing credit that was money, in some sort of balancing act which is new and untried- is there a name for an upside down ponzi scheme, with the individual at the base ?
The only consistent thing about any of this is that it is definitely nobodys fault