Is Black Friday on its way again!

[liberty]

Here's a good article on why government debt (and the U.S. dollar, by implication) is in a bubble and is going to burst:

http://www.moneyweek.com/investments/bonds/government-bond-bubble-13901

Good quote from the article:

"We know that both the US and the UK are broke. We know that they are systematically trying to devalue their currencies. We know that they have no hope of paying back their debt obligations. And we know that in an environment of higher rates they wouldn't even be able to service the interest on their debt. So why lend them money?"

[hedgehog]

i thought you had to live in sask to buy land, not china?

[wd9]

All of this is not a real problem unless interest rates go up and you have too much debt. Then worry.

[SASKFARMER3]

Free wheat your not alone even some of us other guys have kids that do more than dirt bike and play.
My kids have their own garden since they were 10 they get to see how plants grow and what is needed for success and failure. Believe me they have had wrecks. But its a learning they never forget. They have work to do each day they arrive on the farm. My oldest can run the grader and actually is better at it than our municipal operator. The cows are long gone but they still have other learned skills like cleaning wheat. IT's not just turning on a machine and walking away. Grain flows different. In the City my Two have clients who pay them for lawn service, they started it on their own and negotiated with their clients.
Mine will survive if it all crashes but yes some have no fricking clue and wont.

[jensend]

i think the usa will use its banks and economic power to make sure europe goes down first in hopes that it leaves america relatively stronger and better off. this is like watching a demolition derby in slow motion. they say the american banks are trying to hold back liquidity from european banks as a part of this strategy. economic warfare - the new millennium - since the west is so lousy at real war anymore.

[cottonpicken]

I heard that to jensend,whatever tranwreck happens
first will prolong the other.

Europe needs between 1-3 trillion but they don't
have a properly functioning bond market.

The u.s needs at least another trillion,and bernake
gave us the old head fake,so it looks like we have to
wait.

This is what i was looking for back in august, and
when it didn't come then i thought we where in the
clear.

[jensend]

i wonder if part of the reason for this is not only the beggar thy neighbor attitude of the americans as well as an effort to turn this from an american currency crisis to a european debt and banking crisis.

[hedgehog]

countries are really just big farms.
if you borrowed all your net worth to build a fancy house and concrete and glass office, and paid half your staff not to work, you would be bankrupt in a flash.
thats where USA and Britain are.
southern europe is a bit different

[Hopperbin]

Hey anyone remember when our economy forcasters forcasted a Chinese economic colapse or slow down??? Ya say shit, when we just realized they were all wrong. Our farms are in about the best shape ever been right?
Be carefull guys there are huge forces swinging world economics these days.

[TOM4CWB]

Hopper,

Is it just possible China/India are riding the mother of all bubbles... and if/when it pops the whole system will colapse... isn't this the most likely outcome???

[theplowboy]

Do you guys really think commodity prices are going to tank?

World still needs oil - it is up today...

World still needs to eat - no real oversupplies of grain or meat anywhere.

Interest rates are likely to stay down for a while longer...not too much inflation.

I guess I am wary but not too concerned the world economies are going to collapse.