The Pigs start a Total Melt down!

[dave4441]

Able to hedge USD currency sales at parity today. A 2% advantage over the last month. Makes a differance.

[T.N.T.]

I had to go check my driver license and it says i'm 83,so i better inform sgi my age is wrong according to some genius.Your Dad must be so proud of you.

[Cattleman]

Ahh, this is all making sense. Everyone is going crazy not being able to seed, so now the shop arguements between Saskf3 and his dad T.N.T. have carried onto Agriville! lol j/k

[SASKFARMER3]

Ha ha good one, trying to start seeding today, let
the fun begin.

[liberty]

I find it hilarious to hear mainstream economists telling nations like Greece and Spain that all their problems will vanish if they just leave the Euro zone and devalue their new currencies. What these nitwits have not considered is what will happen if a whole bunch of nations in the Euro zone decide to do the same thing. What happens then is that your currency devaluation gets matched by your equally bankrupt neighbors, so that in the end everyone's currency still has the same relative value. So you're ultimately back to square one.

One way or another, all of these socialist workers' paradises like Greece will eventually have to pay back their debts. That is if they want anyone to ever lend them a dime again. If they prefer to do without foreign capital, or think they can just print phony capital via a central bank, then they can look to Zimbabwe to see their future.

[Cattleman]

It won't be a race to the bottom for everyone. At the other extreme, at times Germany has benefitted from the weak Euro. It is as much about them leaving the Euro. For Greece and others, problems won't go away, but they will have other tools to deal with their problems, and should be dealt the direct consequences of the position they have gotten themselves into.

Once Greece leaves, and goes back to the drachma, what will be the value of the Greek Bonds the French banks have on their books? Unwinding this mess will probably get messier don't ya think?

[Hopperbin]

Is it fair to put a U in pigs to make pigus, is the USA ever going to get their economy back? Or maybe rotating haves and have nots in the world just a natural cycle.

[tstep]

A lot of drama going on....the world is at an interesting juncture...80% of the world refuses to buy US bonds, so the funding mechanism for the US system is breaking down...in its place, the US is printing the money it needs to carry on....part and parcel of this "arrangement" that has gone on for many decades now, is the ability to control gold and silver prices via the futures markets. Just like the late 1960's, if the gold price didn't rise dramatically, there would be no gold left for the system to function as it was. If the price was kept low, the vacuum cleaner of gold would go to work. This describes the who and why of what you have been seeing of late...the world is now so full of US dollars that are losing their utility in international commerce, that those who own them are buying hard assets, to own something tangible. Huge physical offtake is now presumably underway, out of London and the Crimex in the US. I hope to have more on this tomorrow....fascinating times to be sure. Keep cash on hand, buy the dips if you have extra cash to do so, and don't worry. Once the Chinese have cleaned out the west's gold supply, things will turn around...and in a hurry.

[liberty]

Cattleman makes a good point: Greek bonds are on the books of financial institutions all over Europe, not to mention the bonds of Spain, Italy, Portugal, etc. What happens when even one of these countries declares its intention not to bother paying them back? That will be more than enough to trigger the collapse of many European banks.

[sumdumguy]

Fear not, there is AgriStability. P2 will save us
all- no? Then the gov will chuck in some CITI
and on we go paying $100 cash rent and $2000
bucks an acre, $800 for fert, recipe for riches.

SF3 you were dead right!

[furrowtickler]

Hey S/F, got much done yet with your 2 mill worth of outfit's? We're about 1/2 done with our old shat... Not as wet as you or as some of our nieghbours heheh with fancy outfits, to big and heavy pullin mud..... Good old 8810 with single shank, acre after acre no pluging or mudding. But you absolutely need a 1 mill outfit to bo a big farmer now ...lol
I know that is way too wet for most to start just could not resist.

[furrowtickler]

Heavy rain just to the west of here, movin north. May dodge a bullet.... again - for now.