Bank of Canada Drops their rate to .25%!

[SASKFARMER]

So is ten cases for our SKS rifles of Chinese made bullets enough? Just asking for a friend. Yes, I know they are corrosive and clean guns after. Oh sorry, my friend cleans them after.

[farming101]

The savers are the winners in this environment. Cash remains king (IMO). It's investors and asset values that are the causalities . . . .

Rather would savers be the smallest losers?
I don't think you can be a winner if savings rates go to zero and service charges keep increasing

Investors and speculators had their day in the sun. Their net worth came from speculation(out of thin air in some ways) and in this reset it has vanished into thin air.

[foragefarmer]

How can sitting with cash on hand not be king? Trillions of dollars sitting on the sidelines everywhere waiting to pick up bargains on everything from real estate, stocks and eventually farm land.

History repeats and I'm sure the majority of you can remember 1987, early 1990, early 2000's and of coarse 2008.

Patience!!!

[canolacrazy]

i am one of the retired farmers, got out in 2013, but I still like reading opinions on agriville. everythings going to hell in a handbasket, the housing market is next on the chopping block. however cbot wheat, soybeans etc. are hanging in. Are we in for another bull run on the farm like 2008, I think so.
food panic hasn't hit yet, but I think it's coming.

[agstar77]

Ok, this is getting interesting as skipper and crew try so hard to make it seem they can be one step ahead of the chaos that is about to come.

The Bank has just dropped its basic interest rate a half a point overnight to now .25%. That leaves very little room to go.

These are nothing we have seen before or are they the beginning of the crash of 2020. The last one was 1929 I think. We didn't learn anything in 91 years other than Trudeaus are not good leaders.

Experts, what is going to happen?

I think all savers are going to lose everything.

The U.S. lowered rates first. It is bad for them and it useless for us.

[Taiga]

i am one of the retired farmers, got out in 2013, but I still like reading opinions on agriville. everythings going to hell in a handbasket, the housing market is next on the chopping block. however cbot wheat, soybeans etc. are hanging in. Are we in for another bull run on the farm like 2008, I think so.
food panic hasn't hit yet, but I think it's coming.

I agree with you

[SASKFARMER]

Trudeau today come up with a loan for buisness who can go in and get 40000 payable over two years back and the first 1/4 is forgiven. Interest rate prime.

So all the farm groups who are so happy with cash advance waiving this $50.00 fee how smart are you guys at negotiations.

Farmers get screwed again.

How about FCC drop interest rate in the input loans to prime instead of what 6%.

We’re not winning at this game weak leadership all way around.

Oh fuel going up .07 cents next week and oil is 5 a barrel. Why because they can and will screw farmers.

[fjlip]

USA not scared to help farmers...The U.S. coronavirus stimulus bill would add $14 billion to the Agriculture Department's Commodity Credit Corp spending authority, and authorize another $9.5 billion for U.S. farmers hurt by the fast-spreading pandemic, according to a copy of the bill's text. should be $950,000,000 for Canadians at 10% of USA.

https://finance.yahoo.com/news/u-coronavirus-stimulus-bill-adds-180814167.html https://finance.yahoo.com/news/u-coronavirus-stimulus-bill-adds-180814167.html

[6V53]

our Canadian dollar is dropping and gold went up before stalling.

Check Kitco all gold and silver sold out.

[6V53]

So is ten cases for our SKS rifles of Chinese made bullets enough? Just asking for a friend. Yes, I know they are corrosive and clean guns after. Oh sorry, my friend cleans them after.

22 shells are the new currency.