Easy reading

[sumdumguy]

Food will be the wildcard again. The
governments know that hunger will kill them.
They will likely do what it takes ti keep their
countries fed.

[boarderbloke]

Cotton, Is default not in the tool box as well as the printer?

Won't all this massive global debt have to dealt with in one of two ways, default or printing $$$ Deflation vs. inflation. deflation will be favored if you have wealth, inflation is better if you don't.

[furrowtickler]

Funny how Russia is now releasing very large quantities of wheat into the market and the timing? Or they just had had a massive harvest the erased a huge shortfall - who realy knows?? Maybe Stalin's back lol.

[cottonpicken]

A default scenario is what is scaring the bejesus out
of people,its a domino they cant let happen.

If greece or one of the big pigs defaults the banks
have to take right downs on there balance
sheets,and seeing has how they are more than 10 to
1 leveraged they become insolvent and then other
banks all over the world that are tied with those
banks become insolvent.

This is what is happening to bank of america,its not
tied to greece so much as french banks that are tied
to greece.

Welcome to the world of global derivatives.

It is inflate or die.

The tug of war in europe is at the breaking point,if
the don't come up with a plan to tie europe
together under a eruo bond or massive debt pool
under efsa,they are screwed,and then so are we.

In other news the gao did an audit of the fed and
found out the funny surprise that it had lent out 16
trillion in 2008-all over the world.

[sumdumguy]

What about canadian banks? Who are they tied
to?

[cottonpicken]

The head of the bank of nova scotia was on bnn a
while back,and he was asked who they where tied to
and he said yes we are but i'm not going to say who.

I damn near punched my computer.

[cottonpicken]

I seen this a few minutes after it came out and laughed
my ass off,then it went viral.

http://www.youtube.com/watch?v=jsDjTbP7TS0

This is something similar.

http://www.youtube.com/watch?v=6UGDTtqklSo

[FarmRanger]

Mr. Rastani suggested buying US 30 year bonds.

In the gloomy scenario he describes, wouldn't
buying US bonds be like running to the bow of
the Titanic because it was rising while the other
end filled with water?

[cottonpicken]

30 year treasuries rank up there with vancouver
real-estate,i cant believe it came out of his mouth.

Wise guys use them as trading vehicles and trade
them based on price not yield,they never intend to
hold them to maturity and in times of economic
turmoil there are small windows of opportunity to
make some money.

However that window now looks closed to me,i cant
imagine bonds being bid down to negative interest
rates,however we are in bizzaro world.

If i was a finical advisor i'd be saying sell your
bonds now while the price is good and put the cash
under your mattress if you want that type of safety.