#1 problem

[cottonpicken]

http://www.youtube.com/watch?v=KjZBOCAgR64

Suck on that parsley.

[FarmRanger]

Interesting, at 45 seconds into the video, Mr. Walker says “What’s shocking is that some would have you believe that the reason we’re having these deficits is because of the war on terrorism and incremental homeland security costs, that’s just not factually accurate. In fact, whether you pick the $318 billion, or the $760 billion number, only about $100 billion have anything to do with Iraq, Afghanistan and incremental homeland security costs. And yet, the nation has not been in a recession since November, 2001. And we had among the highest economic growth rates of any industrialized nation on earth last year. Clearly imprudent”

Agreed, Bush spends money like a liberal, and that is clearly imprudent. What about the statement about having “the highest economic growth rates of any industrialized nation on earth” though? Or is Mr. Walker just another recession denier, cp? Or is he, in your words, “stupid”, because if he is, maybe I shouldn’t pay attention to the rest of video either.

[Zaphod]

No argument about the likelihood of recession or worse. My question is about the impact on commodities other than gold. The idea that fund money will flood into ag commodities is questionable. In a long recession or depression, a lot of paper wealth will simply vaporize, not get transferred. Others will take their money out of investments simply to survive. And those that are holding long positions on everything will need to start to get hit with margin calls and be forced to sell. My opinion (stupid as it may be) is that ag commodities will not be able to escape being dragged down with everything else, especially if consumption starts to drop too. I'm curious what the counter-argument is though.

[parsley]

Anybody recall stories from those who "enjoyed" the dividends from Canadian WW II bonds?

Governments don't mind cheating their own people.


Bonds....good for kindling.

[Hopperbin]

Sorry cannot back this one up very good. But was listenning to 650 radio today and they mentioned that Regina Saskatchewan in the 1920's per capita income was the highest in the world, that is number one for the whole world. Huh, not bad for an agriculture community based city. Don't put us farmers out to dry just yet. Things have just begun.