Competitive Currencys, and grain prices?

[TOM4CWB]

charlie,

some may want you to believe that money is an asset like everything else, but is it really?

If I own land, or business, or products that produce a productive capacity, then it is actually worth something.

But a ledger line in a savings account really means nothing to anyone.

Since the Canadian Banking system needs really no gold or deposits to issue credit, money is a fluid that makes the system work, as long as there is confidence in this system!

I am just encouraging people to do productive things for their community with their assets, instead of trusting them with bankers or baystreet.

Money can't make anyone happy, only people are happy when they choose to love their neighbour and make this world a better place!

On the currency side, wouldn't you agree there is a problem?

On the competitive side I see because of this issue Edmonton is the best place in the developed world to do business!

Life is a state of mind, cold winters aside...

[ianben]

Isn't money a commodity just like grain etc.
The same speculators are out there taking the risk, supposedly finding the market value of each currency.
Is there any difference?
Can one be good for farmers and the other not?
Some differences I note. The ordinary guy is not encouraged to hedge or buy futures with his income. A bank does that for him with the hope of providing stability and maintaining confidence.
With grain we should all train to be master marketers and join in.
Is this good for stability and confidence in grain marketing?
The value of currency and grain have a big effect on our bottom line can we really manage the risk individually?

[ianben]

Money is a commodity and if you are trading in the commodities market for ex. Hedging beef cattle you should also hedge the feed (barley or corn) plus hedge the dollar in, to be turely protected from all that can go wrong in your little world. Now on a grain hedge you should be doing the same type of thing but in order for the normal farmer to do this properly you would need a broker,an accounted, a lawyer, a good banker. The possiblity of most farmers doing this is very remote.

I might added that if farmers have to hedge into the future to make their business work they had better find something else to do that does not require this much credit risk.

As often as you would make money on the commodities market you would also lose as often or more often. Just the same as in real life. So why complicate it with hedges options and whatever. Use a pricing order and you get to name the price. If your reasonable with the open market you will obtain your price 8 times out of ten and be in the top 1/3 of the pricing in that year. It makes money for YOU not brokers and bankers.

Don't think about our currency and its value we don't have to buy much from the US and if you look carefully you will find that we will pay a lower price than an American will for an American product.

The sky is not falling and if it did it was caused by mother nature and we have no control on it even if it is a human made disaster. Humans are part of mother nature and control is very flitting.