The Pigs start a Total Melt down!

[furrowtickler]

Well i better finish seeding and lock in some bus before meltdown. Should be done end of next week. 1/3 done now so we may start pricing 20% of that asap.
Thanks for the heads up, I have been woried about the ship show being the same as 2008 meltdown.

[charliep]

What is interesting to me today is the re-jigging of currency valuations and impact on commodity prices. Canola is slightly (not a big amount) on the plus side in spite of a sea of red in US markets. A factor is a weaker loonie.

[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.