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Rice Closes Limit Up
Stocks closed nicely up, and why not: the investing public which is now bored with any revolution longer than 15 minutes did not see things burning, people getting shot or buildings getting blown up (and there was that whole Flip That Bond thing earlier) so it makes all the sense in the world. Yet a far more notable move was that of Rice, which traded more or less as expected earlier in the day. As can be seen on the chart below, RRH jumped by 50 cents, the maximum allowed before a limit up lock, to close $15.51 on the CBOT, which is 5.5 cents away from the one year high. We are fairly confident that tomorrow we will see a new 52 week high, as evil, evil speculators decide to go for the ultimate PBOC put. But before that happens, if we are correct that the world's spec crowd will test the inflationary equivalent of the global Bernanke put, it will go far higher. And when Al Jazeera starts sending riot pictures not from Egypt, but from the heart of Asia (consumption data here), we are 100% confident it will get very messy, very quick.
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That's a rising wedge ominous urinal cake evil kneival at caesars palace crash formation. It'll continue rising till it breaks every bone in the jumpers body.
I wouldn't discount the possibility of a further drop yet . Charts are starting to look quite similar to the topping pattern from last April/May . I think that NFPs could determine if we break 1300 on the SPX . The way I see it we might just melt up for the remainder of the week , stall at 1300 , and then either reverse or breakout according to the data on Friday .
Watch out for oil. A getaway in pricing preceded the big equity washout of '08. Regional MidEast discord is a blue light special for the global specs.
Bingo...if $150/barrel put that type of strain on the economy back then imagine what that would do to our current "recovery"...I will be surprised if the market holds up past April if oil continues its current trajectory.
Oil will stall before $100/barrel. Also, there are billions of dollars being pumped into the economy via the Fed that weren't in place at $150/barrel. So rising oil prices can be absorbed by the strength of the economy combined with the Fed continuing their current policies.
Correct...due to the Federal Reserve's insane money pumping exercise all commodities will continue to go up and I see no reason why oil will stop at $100 and then turn back...if you think there is high unemployment now wait until $150/barrel.
I'm of the opinion that even if Obamatron were to take an open limo trip through Dealy Plaza, that you would find justification for stocks rising because of such an event: "Well, at least Joe Biden didn't get any blood on his suit -- buy AAPL!" Kindly go home and re-think your life.
Just like the S&P will stall before 1300....
You sir are a brilliant satirist.
Brent $101, your shorting right?
OH right, now the SPY is over 1300 'for good'...take your clownshow elsewhere Harry youre a bore not even fit for yahoo finance boards.
Look for that to happen tomorrow
Rice seemes to get stuck in my nose when I eat it, Anyone else have this problem?
The whole world is of it rocker right now. What we need is a meteor about the size of alaska. Now that would be somthing to see...
try putting some in your mouth
+1 funny like hell :-)
+15.51
It's good to see that humor can endure, whilst all else randomises itself into chaos. :-) :-)
You're supposed to wait on the farmer to hand you the feed rather than sticking your snout in the bucket.
The trigger for South Eastern Asia Conflicts .
Foot Riots in Phillipines,Vietnam, Indochina area...
Remember also for Xtremism there...so the whole world is "INFLATIONARY INFECTED".../resident Evil 6¡
Nice the prelude of a big warconflict is here...just exactly like II W.W. ...hyperinflation....
Well done, IMF,WB, FAO,WTO....all of u are part of the scam...
The Global Meltdown is close...Regeneration is our name, change the rulez¡
Oil up
Baltic Dry Index in subway underground mode...
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Recovery? , WHAT THE F:G SCAM IS THE FED MAKING'¡¡¡¡ BACK TO REAL OFFER DEMAND¡
U.S. farmers are planting the fewest acres with rice since 1989 just as global demand surpasses production for the first time in four years, driving prices as much as 12% higher by December.Plantings in the U.S., the third-biggest shipper, may drop 25% this year because growers can earn more from corn and soybeans.
...and corn is used as fuel rather than food. What the fuck has the world come to.
To my best Spy in the ZH team....
Long Uranium, the last Commodity in the world...¡¡¡¡:)
That's like what Mubarak urged Egyptian farmers to do a few years back. Don't waste your time with wheat plant fruit instead. We can buy wheat cheap on the global markets.
Around these parts (we grow a signficiant portion of the country's rice... 2% in my county alone and we are a relatively highly populated county)... the rice and bean crops are rotated yearly on the majority of farms... 2010 was a larger year for rice in the general rotation... http://www.stuttgartdailyleader.com/writeforarkansas/x1235862520/2010-a-...
PS, generally speaking, if you can plant rice, you plant rice... corn is good for replenishing nitrogen and "resetting" some of the ills presented by other varieties... but it's not your money maker... soybeans are kind of an in between... obviously these issues change depending on yield and in the midwest, for example, your cost benefit analysis would be totally different (not as good water management, probably deeper topsoil, etc.) or arizona where you could get vegetables, etc. in the more sandy soils (pay better than rice :)). But, for areas of the country that can grow rice, they'll grow rice... simple as that. (not many parts of the country can grow it).
...and Stuttgart is the duck capital! Great with rice.
actually, my neck of the woods, northeast arkansas, is the duck capital... stuttgart has been dead for going on a couple decades now... although, I'll probably go down thereabouts for some goose hunting before the season is out.
Just got a free nerf basketball from Allianz with a card attached. Card reads, "As of 9/30/2010, total cash on the sidelines equaled approximately $9.4 trillion. Get your clients back in the game."
Gee those thrid worlders don't need no stinking rice thanks Ben
Looks like rough rice futes have a long way to go before they get to the 2007 highs. You gloomers might be years early on your hordes.
Doesn't everything, but PMs...
"Would rather be 2 years early than 1 day late"
I Forget
China, India, Pakistan, Indonesia, SE Asia - all relatively affluent countries with half the world's population and wealth disparity issues far greater than America or Europe.
Many of them have long term issues with the others and demonstrated problems with conflict resolution.
The first three have nuclear weapons.
Two of those three are autocracies.
One of the two barely has a functioning government.
Now, what happens when half the world's population (actually two thirds in total) can no longer afford their basic staple?
barliman
Party time.
I wouldn't go as far as calling India affluent, but hey.
I have spent enough time in various parts of India over the last decade to watch an amazing transformation in the country.
It does have staggering financial poverty but ...
... in India a man gets up a 4 AM to pick through garbage and collect cloth rags, clean them, tie them in a bundle six feet in diameter on the back half of his bike and peddle it to a beggars market where he sells them into the evening. The next day, he does it all over again.
The amount of entrepreneurship you encounter across all levels of India is even more staggering.
barliman
Entreprenures because they have to in order to survive. There are people with wealth and some hi-tech workers make decent money but with 1.3 Billion people that's very small percentage. I've been to India once when I wokred fo a Kuwaiti company about 15 years ago and I was stunned with the mass of humanity. Every inch of the city was occupied by a human being (or an animal) , even the narrow 2 feet highway divider had people sleeping on it.
Baltic dry Index...warning, but who cares:)
+1
Its all good. Baidu and Apple dont deal in rice. Rally on and eat Pancakes
My friend's wife dropped her iPhone in the bathtub so she covered it with dry rice for a couple of days and it was as good as new. There is you relation.
BIDU is up 8% in AH.
Truly respect, admire and look forward to ZH posts. But if Tyler Durden were to take positions on his bearishness we would be by know bankrupt and incapable of affording this website.
Passion, belief and stance, while respected, cannot make money OR protect capital. And that's what the markets are all about.
Rah!
Good to hear you're a longterm investor.
The Ben Bernank makes money. All you can do is play in debt paper land. Catch a clue.
The Bernank "prints" currency, he does NOT make money, there is a difference.
Learning from history can certainly help, and by historical standards, this market is closing in on a 50% overvaluation.
Please advise how you lost money on gold's 30% outperformance (and 16% relative to S&P), or, for that matter, looking at the short-term for the ADD afflicted, the call to go long Crude ahead of the Egypt revolution over a week ago (not to mention our favorite FX-ES compression trades which generated at least 1% unlevered returns about 18 out of 21 times?)... As for stocks, please tell us how you have lost money, when we have said for the past two years to avoid this asset class (and avoid the 40% down stop loss triggers during the flash crash) which is nothing more now than a policy instrument of the status quo to manipulate the population into believing things are ok, and is thus overvalued precisely by the amount of all fiscal and monetary stimuli?
Lastly, please tell us whom you pay to access this site?
Don't forget your call to go long PIIGS CDS when they were approaching lows post one of those bailouts that offered a "permanent" solution.
<not to mention our favorite FX-ES compression trades which generated at least 1% unlevered returns about 18 out of 21 times>
Those were my favs.
Just ignore the monkey, sorry the monoki. He broke into my LSD stash this morning and knows not what he posts.
It ever stands, uplifted by the wise; / and never dies. / As rests the Sphinx amid Egyptian sands… / So truth, unwearied, waits the era blessed / When men shall turn to it with great surprise. / Truth never dies.
From every corner of the political and journalistic world, an analysis of Egypt’s revolution is available. This one is different: it scrubs away the platitudes and brings the spotlight of truth. Here is an excerpt from The Mideast Burns on LewRockwell.com today by Eric Margolis, whose latest book is American Raj: Liberation or Dominantion?:
Washington is watching this growing intifada in its Mideast Raj with alarm and confusion. Ignore the Obama administration’s hypocritical platitudes urging "democracy." All of the authoritarian Arab rulers now under siege by their people have been armed, financed and supported for decades by the US. The US has given Egypt $2 billion annually, $1.4 billion of which goes to the military. Almost all the tanks and armored vehicles deployed in Cairo’s streets came from the US.
Washington has previously lauded Mubarak for "moderation" and "stability." These are code words for faithfully following US policies and crushing all opposition. Moderate opposition groups across the Mideast have been jailed and tortured, leaving only outlawed underground movements. The same thing happened in Iran.
Egypt’s armed forces were configured to keep Mubarak’s military regime in power, not to defend the nation’s borders. The US keeps Egypt’s armed forces short on munitions and spare parts so it cannot fight a war against Israel for more than a few days.
The brutal, sadistic secret police and other security forces of Morocco, Algeria, Egypt, Jordan and Yemen were all trained and equipped by the US or France. The CIA taught them "interrogation techniques," just as it did to the Shah of Iran’s secret police, Savak. We have reaped the whirlwind in bitter US-Iranian relations.
Secretary of State Hillary Clinton urges "restraint" on both sides. One supposes she means those being beaten by clubs, raped, or tortured by electric drills must show proper restraint. Washington simply does not understand that this kind of hypocrisy turns even more people in the Muslim world against the United States.
Egypt, as this column has long said, has long been a ticking bomb. Half of 85 million Egyptians subsist below the UN’s $2 daily poverty level. A third of all the Arab World’s people are Egyptian. A well-connected oligarchy grows rich while the rest of the country struggles for basic food.
In fact, the US Congress still supplies Egypt with large amounts of wheat and other foodstuffs. Israel thus holds a whip hand over Egypt by being able to get its supporters in Congress to shut off food aid to Egypt, an act that would provoke massive food riots as occurred in the 1970’s. Small wonder Husni Mubarak is Israel’s closet ally in the Arab world…
But now Mubarak’s time is running out. Nobel-Prize Laureate Mohammed al-Baradei has agreed to lead a resistance coalition that includes the Muslim Brotherhood, the best-organized movement in Egypt.
The Brotherhood is not an Iranian-style extreme Islamic movement, contrary to alarms being spread by neocons and the often poorly-informed US media.
In fact, the Muslim Brotherhood has long eschewed politics to concentrate on social, religious and educational issues. If anything, it has been ultra-conservative, even stodgy and timid. But it also represents the Washington’s best potential ally if Egypt’s military regime falls. We should not be misled by self-serving warnings about Islamic bogeymen…
http://www.lewrockwell.com/margolis/margolis225.html
<The Brotherhood is not an Iranian-style extreme Islamic movement, contrary to alarms being spread by neocons and the often poorly-informed US media.>
I guess he never heard of hamas and al-qaeda. Tell that to the Egyptian christians.
Al Qaeda? You mean that thing the CIA totaly invented as a training group in the 1980's?
They were called a different a name then :)
Well, you know how this works. The enemy of my enemy is my friend.
Those are some dubious claims regarding the Brotherhood. It is a huge organization with many different opinions and many of the members openly endorse and desire a new Islamic caliphate with Sharia Law. To state with any degree of certaininty that the Brother represents a desirable direction is impossible. For now it would appear that it actually does behoove us to be somewhat concerned about what may happen to Egypt.
I don't know where you're from or where you get info but Muslim Brotherhood charter is to make islamic laws the prevailing laws of all Arab countries. Thier slogan is "ISLAM IS THE SOLUTION" . Now as a non-muslim living in one of those countries ruled by islamist you may not get beheaded or thown in jail right away but you loose every right you had under a secular, or even dictatorship rule. basically you have to either live as a muslim or pretty much move to another country.
So, what are you going to DO about it, JR?
Thank you for the article, but what are you going to do? Thought so. I hope (but doubt) that the Muslim Brotherhood is benign. What are you going to if they go Jihadist? Thought so.
I bought DBA.
Why should anyone that is not Egyption do anything at all? They are already jihadist because of US presence and warmongering. Benign or not it ain't our business until they initiate force.
I meant as an individual living here in Great Satan Land.
I did not mean as a "Policymaker", CIA spook, etc. I definitely agree that it is NOT our business to interfere there in Egypt. I just asked JR, while sincerely thanking him for the article, what he is going to DO.
I have already acted, buying gold, guns & ammo, DBA, etc.
Roger that.
Buena suerte on the preps.
The Libertarian party is controlled opposition. Rockwell is just playing his part tacitly backing "Nobel-Prize Laureate" aka UN hack al-Baradei.
"The Brotherhood is not an Iranian-style extreme Islamic movement, contrary to alarms being spread by neocons and the often poorly-informed US media."
Yes, that's exactly what they are. Whether or not "neocons" and the "often poorly-informed US media" (really, I thought the MSM was controlled, not uninformed) espouse that view has nothing to do with whether it's true or not.
"In fact, the Muslim Brotherhood has long eschewed politics to concentrate on social, religious and educational issues. If anything, it has been ultra-conservative, even stodgy and timid."
That's because they were outlawed by Mubarak! They haven't been in power but now their chance is coming.
Have a listen to what the Egyptian Muslim Brotherhood leadership says when the world's not listening.
http://www.youtube.com/watch?v=Os_HOuuceNE
They're all about free speech and democracy and freedom of religion and freedom of conscience! See how much they love their fellow countrymen and women? (sarcasm)
Polar thinking much?
Ouch, FAIL.
They want to kick out the oppressors and opportunists. What's wrong with that? Your comment on the video doesn't fit.
Current Al Jazeera headline:
I gotta wonder just how much ammo the Egyptian Army has. I'd wager not nearly enough to take out everyone in the country! Time to go short on Egyptian ammo futures...
Yes, and America's coddling of Israel is based on a mutual 'belief' in a 'religion' that fears true introspection (you cannot come to the father but by me--which is the essence of Christian thought at the highest level of metaphysics) and clings to 'faith and belief' which requires no effort of the believer, but mere 'blind obediance' to an idea which, in my opinion, can only lead to 'illusion'. Jesus would deny the summation of his followers in this world if he were around today. Pity the so-called Christians who are only capable of repeating what they have read and been told since it 'stifles' the creative energy of introspection which would lead to the complete 'understanding' of 'You Can Only Come To The Father But By Me'. The USSA does not want 'democracy' in the Middle East, that I am sure of. Let us hope 'True Freedom' emerges in the Middle East; then we can learn what value Peak Oil will have on the consumerist doctrine of the West....
Need a WB7 image of a "New" "Uncle Ben's" rice box...
16 oz to 4 oz but price stays the same. No inflation here...
Most of these grains, including Rice, were a good 15-20% higher in 2008. Bit of an overreaction here, no?
Yeah, here and Tunisia, Libya, Egypt, Jordan, Saudi Arabia, etc. etc. etc.
Those silly serfs, don't they know food cost more two years ago?
2008...AH yes it was indeed a great year...with oil also at $140...WTF are you nuts?
Tyler,
Sweet AH flash crash of the Roach Motel [SPY]. 3,000 shares at 34.65 @ 16:59. But I am sure there is nothing to worry about. I'm sure system integrity is intact. I'm sure I'm just a paranoid relic of the past. Nothing here, I'm sure.
A day of very sweet flash crashes, indeed [VIX and DXY up, and SPY down...hmmmm?]
Cdad,
I think you and I are relics of a bygone era - I guess I've very belatedly come to the full realization that the "market" is now a political tool. It is a part of the propoganda facade of American recovery and growth. I think you, I, and others waiting for a reconnection of valuations w/ market pricing are wasting our time.
This thing is in a melt up coma - and I don't think it will come down substantially as long as the current administration / Fed remain in place. Fight every instinct that says to short or bet against the powers that be. Losing your money is not a protest...it's just a loss. Find other ways to protest be they PM's, farm land, commodities?
Hambone,
You are just going to have to go off on your own...and I doubt you are the same relic as me.
If you want to throw in the the FED, I cannot go with you. I know that the inside banker track will turn on that bet, one day, at about 3:00 am in Asia. You will be limit down, and Ben Bernanke will be on his way up to the Hill. And everything you made up to that moment will be lost in a FLASH...which was the subject of my post to which you responded in a way totally off topic.
But I don't despise the guys on the other side of my trades. I simply remember them.
Good luck, Hambone.
[btw...I make split pea soup out of you]
Cdad
Cdad,
I'm not in the "market", short nor long. It's rigged and I'll have no part of it cause I know I'm the fool at the table...the dumb money, the last trade to get executed.
I enjoy your postings and point of view.
Good luck (I do hope you are right)
C
Cdad buddy I've got VIX and DXY DOWN at 4 pm (19.55 down from Friday 4pm 20.03, and 77.76 down from Friday 4pm 78.16, respectively). I'm sure your quoting 1 pm for the dollar, but are you quoting 4 pm for VIX?
Anyway, as several have posted before, there seems to be little merit left to fundamentals. You posted before that all they have to do is crank up the VXX share creation machine....wise words...
I am The Unknow...
Yes on the DXY...and so you see the print. On the VIX, I misspoke, down @ about the same time, a 12% flash crash lasting six minutes....with a complete recovery.
This has nothing to do with fundamentals, so I have no idea what you are talking about there. This is about the integrity of the system, which was proven to be long gone as of May 6, 2010.
On creation units machines...YES! That is the next market crisis. Or more accurately, that will be the next BANKER crisis just as soon as folk wrap their heads around that one. Talk about your market scams.
This was a day in which our currency was yet again imploded to serve our banking and political overlords. Average Joe...can you hear me?
Flip a few switches, cntrl alt del a few things...PRESTO! SPY all back to normal by morning Im sure.
Pretty hard to wistle past oil up 3% a day and grain lock limiting up though.
The market was whistling all the way to oil at $150 per last time, Dog. It was the quant effect, buy oil futures, buy oil integrated, buy OIH...market go up. Suddenly, market crashes. Duh.
This time, the consumer is on his death bed. Bad idea to pull out the same play book, if you ask me. Won't work this time.
However, that has nothing to do with all the flashing that was going on today...on key ETFs. VIX was clearly driven down to, at minimum, what should be a weekly bottom. Six minutes, Dog...down and fully back up. And I am supposed to believe that the VIX measures puts and calls...that the market turned from fear...to complacency...to fear again....in six minutes? I don't think so.
Dog...you seem to be off subject on many of your replies today. What gives?
LOL!
DXY continuing to FLASH PRINT up to $82 in the night time session/aka hour of Chinese thieves.
Sweet. And you FX guys claim that the currency markets are not manipulated like equity markets. LOLOLOLOL! Anyone loosing the rest of his next egg in the next 24 hours deserves it.
What an absolute joke of a market! It is clear that the Marxists have taken over...and we all know how good Marxists are to capital.
CDad,
Please... a minor point but it drives me nuts.
Loose = your bowels after a bad curry.
Lose = your marbles in this market.
Roger that on the typo...
ok
Sure I'm with you, I care more about fellow christians with negative equity in their house.
The CRB is vertical....(as is the SPX)....this is insane or I am insane. Is it possible there is another cause besides QE? It seems the consensus is usually wrong. Might the problem be larger than QE? or maybe I am truly nuts and everything is fine and dandy. 3 more months of the CRB and trend and the lid will blow off. Maybe the FED created the 'mo' with the QE, but now has lost any control as the markets are running with something more severe? Is this an all or nothing showdown????? Sure feels like it.
$ goes down. Market goes up. No mystery. ZH been writing about the $ being worthless. ZH been right. But in this game you got to make money. And then buy what you need/want: gold, silver, ipad, camel...you get the point
$ goes down, market goes up!
$ goes up, market of course goes up! I mean, DUH!
WTF dont people see the pattern yet? Its all RIGGED and why people try to find the sense in it all shows insanity.
yes, it is rigged. play the game. make coin.
If you mix puffed rice in a hot money induced rice bubble does it get soggy in milk?
The important thing, lost in all of your self-absorbed hand-wringing and literal belly-aching, is that your betters had one heck of a time in Davos planning for your ongoing demise. If tens or hundreds of millions of people have to suffer and die because rice and wheat are out of their price range, well that's a small price to pay to make sure real estate values in the Hamptons hold their ground and the best of the best can still send their spawn to Choate, Lawrenceville and the Phillips brothers. So quit your beefing and count your blessings, and when you get hungry just do what your betters do...go with the Beluga, the foie gras and the hand-massaged, beer-fed Kobe beef. Might I suggest a '61 Petrus for the latter? Jamie swears by it.
Hey, and as Jamie reminded us all, don't be so unfair to your betters. What the heck did any of you expect them to do with all that money Ben gives them? I mean when they've already got enough houses and cars and jets, and the mistresses are well-coiffed and bedecked in Graff and Harry (Winston, not Wanger), just about the only thing left to buy is food. Your food. If you are still hungry, here's a hint: take a page out of Mrs. Dimon's new Cookbook for the Rest of You and copy the recipe for Neighbor Tartare. For the appetizer, use the battery acid from their car to do a nice serviche of their yappy little dog.
And before you plop your sorry ass into bed tonight, get on your knees and thank the Lloyd and his fellow Crusaders for convincing Ben Ali Bernanke, Tim and Mubarack Obama that what's best for Wall Street is best for the world.
Bon appetite!
Indi...gestion!!! Talk about heart burn.
You need to find your local lobotomy center and get scrambled. Sooner you do the sooner the pain will all go away.
Tres bien ecris!
a loss of $2.2 billion, gets you a 9 million bernack bucks bonus. Zombie banksters show nuff gots it made in the shade. I wonder if B of A is hiring any janitors...
I noticed this morning that the same bag of rice I bought six months ago now costs 50% more! I didn't buy any, thinking that the price was too high, despite that it was on sale! Now, I think I may have been wrrong and that today's price was a bargain!
The bags of sugar I bought a year ago have doubled in price. I am going to use up my last $43 of Obama SNAP Card Bucks to buy some corn oil. good luck everybody, I think we are going to starve to death due to The Bernack and his Zombbie Bankster Pals. Oh the humanity !!!
Hello ZH,
I am starting to think that I am not talking to actual humans on this site. Confirm.
Cdad
no cDiddy, i am human, see my being in my avatar. that is really me†
i am questioning you.
Definitely not human here, velo. As Groucho said, I'd never belong to a species that would accept me as a member.
01101010001010100010101010101010101010001110011110100101010
Don't give the code. They'll download it to the main duper computer.
http://www.youtube.com/watch?v=2EXpYhJk7BI
Cdad,
Don't ask a Bearing such a question.
Egypt's CDS are 4% higher, middle east is causing a building CDS blowout, oil spiking and the spread between brent/WTI narrows.
If Syria get's involved and Lebanon goes nuts, oil (WTI is going to 100).
Shorts will cover and push oil higher, then the speculators and so on...
All eyes on China, they have the 'nuclear' option
bring us rice! and cooking oil!
May I ask, what is a good price for a 5lb bag of uncle Ben's?
at my local grocery store if I act before the end wednesday evening
I can aquire 2 x 5lb bags for $6.99.
Is this a respectable price in dollars?
thank you,
Ali punjab
Tyler, it's your site but the ADD references are a little tiring. Not sure if you have to deal with it as I do with my 9 year old son, but I think you are confusing those who don't care or who operate under willful ignorance from those that actually have trouble focusing on the task at hand. Great articles and posters, maybe just pick your targets a little better.
i wish they had ritalin when i was a kid.
I feel like there will be an effort by TPTB to suppress the prices of commodities as this is threatening the US interests in various parts of the world. Also, I fear that the US is hoping for a down grade by the agencies so that it will really devalue the dollar and push our exports. I know both of these are counter intuitive, but my left nut is tingling this.
Ive figured it out.
You know how Jimmy Rodgers has been pumping silver and RICE for a while now?
If you do a side by side of Jimmy and Uncle Ben.....
Im just saying they could be brothers from a different mother, but the same father.
A few more days of this and the Bernank will have succeeded in destroying the entire world.
At this point I have no problem as long as there are no winners left standing. And by that i mean the Middle East or China, the bankers, Soros and other profiteers who are at Davos and want to re-engineer the world. If Bernanke wants to carve out and give vouchers to his friends, then I'm for pitchforks and feathers.
The only thing driving up commodity prices worldwide are speculators armed with cheap money provided by central bankers and super fast computers. This is causing a havoc in the lives of rest of the population and pushing them towards poverty as they can no longer afford the basic necessities of life.
Regulators are either hand in glove with the banksters or are too slow to react and take ages to identify and take measures to solve the problems.
Total ban on speculation and the reinforcement of Glass Steagall Act is strictly required to bring relief to the man on the street.
http://www.marketoracle.co.uk/Article24581.html
TU, Ak_H,
BB has facilitated the availability of almost $1trillion (that seems a lot to me) in USD at rates less than 1/2% to be used as speculative kerosene on world commodities. Apply margin and you have as much as $4-5 trillion (even more than a lot) available to buy rice, wheat, brazilian bonds, copper, DBA, ....Maybe if rates increase there could be problems. CI
I've got 3 dogs so I've laid in a years worth of kibble for them. As for human food? I obviously need to go out and get more rice before anyone else knows about lock limit up so shhhhhhhhhhhh!
Pakistan on the verge of collapse....food inflation @20%
http://nakedempire.wordpress.com/