Marc Faber: Relax, This Will Hurt A Lot

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Tue, 07/27/2010 - 21:56 | 491352 Kayman
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There is no Global trade- only one way trade.  The U.S. has been played for a bunch of pansies by China.

The bill for Global trade has arrived- the American Middle Class will be paying long term debt for short term junk, and of course purported American corporations (in name only) and the Wall Street elite get to carry on with the skim.

Mon, 08/02/2010 - 07:13 | 499290 grunion
grunion's picture

Please....Come say that to my face.

Mon, 07/26/2010 - 18:38 | 489291 The_Euro_Sucks
The_Euro_Sucks's picture

The west produces what of the breadbasket again?

Mon, 07/26/2010 - 19:07 | 489316 Papasmurf
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Debt.

Mon, 07/26/2010 - 22:08 | 489596 ToNYC
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Real debt cannot be repaid with Uncle Ben's helicopter dreams. The trillions never existed and have the collective effect of a stray neutrino from a dying star passing throuh your torso at the instant you may read this.

Mon, 07/26/2010 - 19:16 | 489329 fiddler_on_the_roof
fiddler_on_the_roof's picture

Wheat, Beef, Chicken, Soy, AlfaAlfa, Corn, Fruits, Rice (surprise, surprise ?? - Asian Grain)

etc.... etc... etc...Food wise there is no compettion for USA.

Mon, 07/26/2010 - 19:58 | 489394 DoctoRx
DoctoRx's picture

Rather than junking you (anonymous), I thought it better to reply.

Some but perhaps not you are aware that perhaps the single greatest public health problem in the US today is obesity and overweight.  Oh, and we and our marvelous food companies have infected most of the world with that problem.  So we're #1 in food.  Great!  Let's just sit on the competition:  anyone remember Haystacks Calhoun?

Mon, 07/26/2010 - 20:32 | 489434 gmrpeabody
gmrpeabody's picture

Doc, your personal opinion of fat people really doesn't weigh in on this conversation. Yes, there are pigs out there, why would that make you want to "junk" anyone who believes USA is the bread basket of the world?

Your remark, however, is "junk"able.

Mon, 07/26/2010 - 21:35 | 489536 traderjoe
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Perhaps he was alluding to how our mega-food corporations have processed food so much using subsidized commodity crops that we have narrowed our bio-diversity, strained our environment, and dumbed down the citizens with processed crap that only is passed off as food at the $1 menus. See the documentary Food Inc. Google the aquifer in the Great Plains (don't know the name). Or the round-up resistant weeds. 

Mon, 07/26/2010 - 21:47 | 489556 Cathartes Aura
Cathartes Aura's picture

+++ GMO crops don't equal healthy foods, nor does processed, additive & artificial "fud stuffs". . .

I can also recommend watching "King Korn". . .

http://www.kingcorn.net/

Mon, 07/26/2010 - 22:56 | 489668 fxrxexexdxoxmx
fxrxexexdxoxmx's picture

aquifer in the Great Plains

Ogallala

Almost gone now.

If I turn down the three center pivots on my fields this year, we just might get another 2000 years of use out of it.

 

Tue, 07/27/2010 - 00:03 | 489734 uraniuman
uraniuman's picture

That there's funny- good sarcasm.  Where I pump, we can't make the table drop no matter how many BILLION  gallons are pumped (lake states)

Tue, 07/27/2010 - 10:24 | 490132 ToNYC
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Real food is real hard to find...grow your own or contract with local farmer/farmer's market co-op. It started as medicine, and ended up food. How can live on dead food is the question!

Mon, 07/26/2010 - 21:17 | 489506 fearsomepirate
fearsomepirate's picture

Can't get fat without food, so I believe you have proved the man's point.

Mon, 07/26/2010 - 21:50 | 489565 nmewn
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"Some but perhaps not you are aware that perhaps the single greatest public health problem in the US today is obesity and overweight."

Michelle? Is that you?

Friggin fascist's at every turn.

You run out of tampons? Try a carrot, they're supposed to be good for you.

 

Mon, 07/26/2010 - 21:52 | 489569 New_Meat
New_Meat's picture

scrip-doc: I don't get it, are 1/6 of the American children undernourished, or are they obese?  Please expand, we'd like to know.

- Ned

Mon, 07/26/2010 - 22:32 | 489643 Lucky Guesst
Lucky Guesst's picture

OK, that is freaking funny. I have often wondered that as well. Its not because of WIC either because they can ONLY buy healthy. So anyone that is obese and on WIC should lose their benefit?

Mon, 07/26/2010 - 23:41 | 489713 juangrande
juangrande's picture

Both!

Tue, 07/27/2010 - 01:39 | 489772 fiddler_on_the_roof
fiddler_on_the_roof's picture

People are fat in USA because of life style
No one walks much and there is no hardship
Even farmers look fat which is an anomoly
Compared to other farmers of the world.

Also it would be good to restrict any meat
to twice a week since protein take
Longer to digest. Also good to exercise
for 30 mins @ 6 miles/hr

Mon, 07/26/2010 - 20:20 | 489420 Sisyphus
Sisyphus's picture

Wheathttp://www.spectrumcommodities.com/education/commodity/statistics/wheattable.html

Cattlehttp://www.spectrumcommodities.com/education/commodity/statistics/cattle.html

Beef: The world's largest exporters of beef are Brazil, Australia, the United States. (http://en.wikipedia.org/wiki/Beef)

Cornhttp://www.spectrumcommodities.com/education/commodity/statistics/corntable.html

Soybeanshttp://www.spectrumcommodities.com/education/commodity/statistics/soybeantable.html

Rough RiceAsia accounts for most of the world's exports. (http://www.spectrumcommodities.com/education/commodity/rr.html)

Rice: World production of rice has risen steadily from about 200 million tonnes of paddy rice in 1960 to over 600 million tonnes in 2004. Milled rice should be about 68% of paddy by weight, although use of antiquated milling equipment in many countries means this conversion factor can sometimes be much lower. In 2004, the top four producers were China (26% of world production), India (20%), Indonesia (9%) and Bangladesh (5%).

World trade figures are very different, as only about 5–6% of rice produced is traded internationally. The largest three exporting countries are Thailand, Vietnam, and the United States. Major importers usually include Bangladesh, the Philippines, Brazil and some African and Persian Gulf countries. Although China and India are the two largest producers of rice in the world, both countries consume the majority of the rice produced domestically, leaving little to be traded internationally. (http://en.wikipedia.org/wiki/Rice)

Fruits: A bit dated (http://www.fas.usda.gov/htp/Presentations/2004/World%20Fresh%20Fruit%20Market%20(08-04).pdf). China is the world’s largest fruit producer, producing 19 percent of the world’s fruit in 2003. The European Union (EU) is the world’s second largest producer, with 14 percent of the world’s production. The third largest fruit producer is India, where 12 percent of the world’s fruit was grown in 2003.

Largest Producershttp://factoidz.com/the-worlds-largest-producers/

Largest Consumershttp://factoidz.com/the-worlds-largest-consumers/

Agriculture in USA (http://en.wikipedia.org/wiki/Agriculture_in_the_United_States)

Agriculture in China (http://en.wikipedia.org/wiki/Agriculture_in_China)

Today, India ranks second worldwide in farm output. Agriculture and allied sectors like forestry and logging accounted for 16.6% of the GDP in 2007, employed 52% of the total workforce[1] and despite a steady decline of its share in the GDP, is still the largest economic sector and plays a significant role in the overall socio-economic development of India.

India is the largest producer in the world of milk, cashew nuts, coconuts, tea, ginger, turmeric and black pepper.[2] It also has the world's largest cattle population (281 million).[3] It is the second largest producer of wheat, rice, sugar, groundnut and inland fish.[4] It is the third largest producer of tobacco.[4] India accounts for 10% of the world fruit production with first rank in the production of banana and sapota.[4] (http://en.wikipedia.org/wiki/Agriculture_in_India)

Mon, 07/26/2010 - 20:39 | 489445 tip e. canoe
tip e. canoe's picture

"India is the largest producer in the world of milk"

and look how they do it:

http://en.wikipedia.org/wiki/Amul

Mon, 07/26/2010 - 21:51 | 489541 Cathartes Aura
Cathartes Aura's picture

thanks for saving me the time Sisyphus. . . great post!

amrka - you're not #1 any more, time to wake up from your dreams.

[edit: ooooh tip e. - not the dreaded "co-op"!!! lol, another good link]

Mon, 07/26/2010 - 23:42 | 489714 Kali
Kali's picture

Yuppers.  Also, the US would not be able to produce the food it does without oil, or, should I say, without cheap oil.  And LOTS of subsidies.

As far as obesity and hunger go, you CAN be obese and be malnourished.  Cheap food is not good food.  Good food is not cheap.  Good work Sisyphus and Cathartes Aura.

Wed, 07/28/2010 - 15:54 | 492727 DaveyJones
DaveyJones's picture

well said

Mon, 08/02/2010 - 07:18 | 499293 grunion
grunion's picture

Catch a clue, it's about efficient production where the U.S. excels. We do not have to use all our food to feed our producers.

Tue, 07/27/2010 - 01:35 | 489770 Rusty Shorts
Rusty Shorts's picture

Thank you Sisyphus !!!

Tue, 07/27/2010 - 13:53 | 490575 maddy10
maddy10's picture

Yeah Oily wheat, oily beef,oily everything

Breadbasket growing straight out of middle east!

Mon, 07/26/2010 - 18:51 | 489302 thesapein
thesapein's picture

Dude, you just called yourself out as a complete idiot. 

Mon, 07/26/2010 - 19:12 | 489317 fiddler_on_the_roof
fiddler_on_the_roof's picture

agree 90% except the pussy part.

He is misleading about Asian Tigers. Innovation is still in the west.

America is the bread basket of the world

Mon, 07/26/2010 - 19:14 | 489327 Seer
Seer's picture

And what good is "innovation" without resources?  Or, maybe you're thinking about the innovation such as took place in the financial sector?

Mon, 07/26/2010 - 19:26 | 489337 fiddler_on_the_roof
fiddler_on_the_roof's picture

What resources for High Tech Innovation from USA - Networking Products(Cisco, HP, Juniper),

Consumer Electronics(Apple, Dell,...), Software (Microsoft, Oracle, Sybase, Adobe.......), Pharmaceutical(JNJ, Pfizer, ......), Planes & Armaments(Lockheed, Boeing, Raytheon....)

THough a non-American I will not under-estimate USA. People here only think about toxic Finance's hold on these wealth producing industries

Mon, 07/26/2010 - 23:01 | 489671 Seer
Seer's picture

You're confusing IDEAS/PROCESSES with resources.  That's a pretty common thing, so you're excused for being confused.

Again, if you don't have the energy and you don't have the materials, "technology" is nothing but scribble on the back of a napkin!  It's like having a cake recipe but no ingredients- lot-o-good that will do you: yes, you might say "hey, you doomer, you're overlooking our ability to SELL that recipe to others!" OK, fine, but what if they are in the same ingredient-less household, they're also resource challenged?  That's the case for the entire world today (and for the future as well).

And, for those still holding out for technological miracles, just look around at what the cutting edge technologies require for input stock- increasingly harder to acquire PHYSICAL resources, like rare earth metals.

Further consider that things don't gain traction without "economies of scale" boosting them, which means that technologies have to result in mass production.  Are you (folks) confident that there are sufficient PHYSICAL resources available?  NOTE: you think that BP and the like really love drilling in Gulf waters for the hell of it?  Of course not!  This should make it all too clear that our key resources are depleting.

But yeah, sure, there are plenty of excellent napkin sketchers running around... now then, if only they could actually produce something...

Tue, 07/27/2010 - 01:19 | 489765 steve2241
steve2241's picture

One word :) : synthetic-rare-earth-metals!

Tue, 07/27/2010 - 10:28 | 490134 ToNYC
ToNYC's picture

Talk is cheaper. If you think you can't, you are right.

Tue, 07/27/2010 - 12:23 | 490358 Suisse
Suisse's picture

3/4th of the hardware that went into this PC was manufactured in Taiwan. I'm not sure what is even designed in the U.S. I have "Patriot" brand RAM and even that is made in Taiwan, ironically enough.

Mon, 08/02/2010 - 07:23 | 499295 grunion
grunion's picture

The ability to create and innovate is most certainly a resource. Heard the term "brain drain"?

Mon, 07/26/2010 - 19:25 | 489348 cossack55
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More accurately " the GMO bread basket".  Monsanto is interested in your corpse.

Mon, 07/26/2010 - 21:55 | 489578 Cathartes Aura
Cathartes Aura's picture

de-junked for truth-telling. . .

just because they refuse to label GMO doesn't mean it's not "here". . .

Mon, 07/26/2010 - 22:39 | 489653 Lucky Guesst
Lucky Guesst's picture

Agreed DE-JUNK. Robert Shapiro is going to kill us one way or another. If he sits on the board you know its bad for you.

Mon, 07/26/2010 - 23:03 | 489673 Seer
Seer's picture

Add me to the DE-JUNKED tally as well (which, by my accounts give you a positive count! more than anyone here has EVER had!).

Tue, 07/27/2010 - 02:43 | 489792 Real Estate Geek
Real Estate Geek's picture

I too would de-junk you if we had such an option.  The lack of GMO labeling is yet another example of who's really running this country.  If they (i.e. GMOs) are so good, then clearly lable products containing them and convince us why we should buy them.

Wed, 07/28/2010 - 16:02 | 492753 DaveyJones
DaveyJones's picture

another dejunk vote. Millions Against Monsanto.

Mon, 08/02/2010 - 01:24 | 499205 Bananamerican
Bananamerican's picture

Trillions!

Tue, 07/27/2010 - 09:08 | 489995 DarkAgeAhead
DarkAgeAhead's picture

Same here on de-junking.  Monsanto must be eliminated.  GMO's and the horrific monoculture industrial agriculture created...simply can't be sustained.  It's faltering now, in terms of productivity and output in ever larger percentages.

Tue, 07/27/2010 - 12:24 | 490365 Suisse
Suisse's picture

GMOs are highly productive, the dislike for them is not grounded in science.

Tue, 07/27/2010 - 13:49 | 490559 Cathartes Aura
Cathartes Aura's picture

if GMO fud is so good for human health, prove it with the science reports that are NOT funded by the industry pushing the products.

and label the damn fud so informed people can make a choice - is that not what a "free" nation does?

yeah, I know, amrkns aren't "free," just heavily discounted. . .

Tue, 07/27/2010 - 14:07 | 490619 maddy10
maddy10's picture

Yeah right

Science will authoritatively confirm effects of GM foods in scientific journals in 2100AD

But I don't know how it would help your grand children with 4 arms and 4 legs?

Search Thalidomoide online; GM foods should undergo same testing as pharma drugs do or else we will be gambling with our future

Tue, 07/27/2010 - 23:00 | 491425 Cathartes Aura
Cathartes Aura's picture

please don't get me started on the pharma drugs, or the FDA. . .

I don't trust any corporate food - just label it so I can make an informed choice.

(which won't happen, so we all work from that premise)

Tue, 07/27/2010 - 23:04 | 491430 DarkAgeAhead
DarkAgeAhead's picture

Exactly on labeling.  That it's not labeled is itself a sign of deep corruption of government by industry.

I'd rather not become Round Up Ready.

Wed, 07/28/2010 - 16:03 | 492749 DaveyJones
DaveyJones's picture

being round up ready is like being ready to be rounded up

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