Is Black Friday on its way again!

[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.

[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.