Is Black Friday on its way again!

[Mjolnir]

How the hell do the Chinese get around the foreign ownership laws?
I guess your lining up to give your land back mustardman? I mean its the "socialist" thing to do right?

[Fransisco]

Soybeans, corn, wheat , canola all down hard today. The only thing up is the Amercian dollar.

[newguy]

Chinese bought alot of land and now buying houses and business. Was told new rules in China coming up later this year that will make it harder for Chinese to get their money out of China. Was also told they plan on moving here and farming. Time will tell how things really turn out. I am neutral on the subject.

[cottonpicken]

Is it fair that we are allowed to own their natural
resources?

And the average one of us is 100 times richer?

I don't like it either,but lets all play by some fair rules
and let the chips fall.

[freewheat]

No real worries here, its only money, right? I am so far "behind" most guys who post here, financially at least, that when my portfolio is mini, my loss is mini. Also, I know how, and raise lots of my own food, chickens, beef, eggs, garden, so we are quite self sustaining if and when the snot hits the fan!!!

[sumdumguy]

Freewheat, you are a rare bird. My son believes
that self sufficiency is the only way we are going
to survive the impending crash. Hope he is
wrong.

[sumdumguy]

Gold 16.91

[farmaholic]

Some good points made in this post. I don't agree with foreign ownership if it is simply an investment for them but if they are willing to come here and farm like my family did over 126 years ago I welcome them. In some areas of the West there isn't enough people willing to farm to replace those that are and will retire in the near future. If it helps maintain the price of land, that matters to me, but remember they have to farm it. My land is an invest to me and I want to most for it as possible if that means a farming foreigner buys it--so be it.

[freewheat]

sumdumguy, I know I am a rare bird. I am
35, but was raised by parents who lived
like they were in the 1940's. Pigs,
chickens, milk cows, 1 acre garden, etc.

So I learned a bit about needs, wants,
desires, and such from that experience.
Also humility. See, all my friends
thought I was being raised nuts, having
to milk cows, feed pigs, butcher
chickens. But I think it may pay off,
and beleive already does.

While the neighbors are spying out who
may die next, who may quit next in their
never ending quest to be the biggest,
with the fanciest stuff, and while they
fly to tahiti in the winter, buy the
latest toys, and don't have time to
garden, raise birds to eat, feed an
animal, I am sitting here shaking my
head, alone in my ideals. The ideal is
deader than a doornail, and because of
it, I have little in common with anyone
else around. It is all about a different
quest. Me, I live like the 1980's. No
pigs, no milk cows, but enough animals
around to have a farm for my kids that
resembles a farm of yesteryear. Gives
'em something to do for chores: while
the neighbors boys ride their
motorbikes, my kids are collecting eggs,
feeding something, etc.

I wonder who will grow up more prepared
for life. My farm looks like a farm.
Most of the neighbors look like most
farms today; a mini hutterrite colony,
minus the pig barns etc..

It really is only money guys. In the
end, it all goes back in the box. Know
your needs and wants, and the difference
between them.

You just learned a bit about how I tick.
Congratulations! Take care out there
this fall!

[countryguy]

Awesome post Freewheat! It's nice to see that there are still people around that can see money for what it is. Myself, I think it's the root of all evil.

[freewheat]

The L-O-V-E of money is the root of all
evil. LOL

[liberty]

Central banks around the world will respond to the latest crises in exactly the same manner they have responded to the last several crises: by printing ever more money. The rush to the U.S. dollar will be short-lived. Investors will return to commodities and precious metals to protect themselves from inflation soon enough.

The dominant economic theory of the day is that there is no economic problem that cannot be solved by having central banks monetize debt. As long as there is little hope of convincing these dopes to do otherwise, do all you can to protect yourself from the negative consequences of such easily predictable actions.