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January was hard on gold bugs, but it was worse for dollar bulls. The dollar now trades on a flight to gold. Monie is pouring into gold. How long will the dollar be a means of exchange is contingent on how long until it is recognized it is not a store of wealth.
When the rice producers only accept currencie backed by gold the gig is up, and the first currencie to declare so will suck all monie into it. Will the Chinese wait until they accumulate thousands of more tonnes og gold? Or will they depeg and do it now?
Everyone who can on the planet should go on a limited fast to drive down food prices. Another twitter protest?
I wouldn't normally suggest such a thing, but people are actually starving of malnutrition due to high food prices from speculation and money printing.
why junk him? Except for the fact he is handwringing about the third world.
Actually most of us fat fuckers could probably benefit from the occasional fast.
Good idea in theory, but it would work about as well as the "nobody buy gas on Thursday to drive down gas prices" idea.
There's going to be more global riots. I think rice is still the worlds most common staple.
Maybe China will unpeg to the USD. North Korea will have real trouble. They've suffered enough.
Bernankecide has found a way to weaponize food.
The dollar has been the ultimate weapon for the banksters.
North Korea has not suffered nearly enough. there are still a few of them still alive. I'm all over that future dollar unpegging though, but they won't unpeg. They may let the yuan move up a little faster than they originally intended.
It sure looks like it.
First the people of the 3th world will turn against their leaders which they blame for rising food prices.
Second will be when we'll start to see mass migrations from those ereas.
Thrid will be when they turn against us when they realise another government doesn't change things and we still have all the food we want.
The fourth cycle will be when they join their causes and fight as one against us. And that one we might lose.
not as long as its us who got the nukes.....
Ah yes and what happens to you when you start to use them in a very large scale?
Egypt removes a dictator by people power after the people protest rising food prices. A bit too neat and tidy, considering the Egyptian Army might as well be a branch of the US Army. The Bernanke works for Langley ... (only half joking)
What does the CCP think watching this one on TV?
If Indonesia comes undone due to rice price spike the SWHTF.
>>>Around 62% of the world's Muslims live in Asia, with over 683 million adherents in such countries as Indonesia (the largest Muslim country by population, home to 15.6% of the world's Muslims)<<<
Indonesia has a significant pro-Taliban element and active cells.
This is at least if not more worrisome than events in the ME given the sheer sizen of population involved.
You guys are the professional traders dream--
Perfect for the hype needed to get the elevator full--just before the cable snaps. That's the reason Every commodity bull dies a horrible death (no exceptions in history). I do enjoy this site for the news --The ZH prognostications are awful. Good thing you guys don't manage money.
A = A
Point out for me some "prognostications" that have been wrong. All I have seen is a long line of predictions that have come true.
Traders? I didn't realize HFT boxes could interpret ZH articles.
True, but we can interpret ZH articles and program our HFT boxes accordingly.
I would point out that the prognosticators who urged people to stay away from the stock market have missed out on one of the greatest bull runs in history.. However to his credit TD will often point out various anomalies but rarely make speculative recommendations.
WMT and Costco have already had to limit quantities of rice per customer - so you see the unabashed bringing their families with them and telling the clerk that these bags are his, these bags are hers, etc but I am paying for them all.
The keynesians won't ask the Unicorns how to deal with food hoarders - the hoarding is going to really heat up.
I've been thru the years:
A corder (F/O cable stringer to missle batteries)
A porter (hotel during college)
A torter (in Paris only)
and I am certainly now a bigtime fuckin hoarder
Ever been a snorter?
Or a Shorter?
Don't know if the stories are true. But saw the Chinese are making fake rice. Using various foodstuffs like potatoes, but shockingly and dangerously using plastic.
The Keiser Report (E119 or E120, I forget), had a segment on this.
It would not be surprising if they were using plastic to make rice. Sounds plausible and with shortages and prices soaring you know people are out to make a yuan anyway they can.
Uncle Ben's Plastic Rice
Cooks in five minutes ...
Isn't big speculative open interest a classic reversal signal?
Any ideas on why the Baltic Dry and the CRB and other commodity indexes have completely decoupled. There seems to be lots of speculation but no increased shipping demand. Doesn't anyone have money to take delivery. How long can this historical disconnect last?
I had read somewhere that there were a record delivery of new ships these last couple of years. I am too lazy to look it up. If true it might explain some of it. A better indication is probably shipping tonnage rather than rates. Is there anywhere to find total totall shipping tonnage or number of containers? Any other metric that might not be potentially confounded with excess ship supply if such excess supply exists?
Did any read of China Communist party threat to dump dollar if pushed to the wall?
But whenever I hear about how China has the US by the short and curlies because it holds so much of the US' debt, I'm reminded of that saying:
"If you owe the bank $10,000, and you can't pay, you have a problem; if you owe the bank $10,000,000 and can't pay, the bank has a problem."
(...course, that was before TARP etc)
let them eat ethanol
nice site there::
That site needs more comic sans and exclamation marks!!!111one!
As believable as the average Jim Marrs book.
Does it really cost more for rice today than it did yesterday?
Sure does. Im sure some here probably know off the top of their head what percentage of income goes Towards food in various countries.
The poor countries are getting hammered. People are starving and dying just because of money printing and speculation.
Speculation is one thing, but we don't need the printing to fuel it.
Nice article. Although I would be feeling better seeing this return in the stock market. That will really make a difference in a positive way.
So the work I do today is less valued than it was yesterday?
If you've been paid the same number of *insert inflating fiat currency here* then yes, probably.
RICE, RICE THAT'S ALL I HEAR FROM THE SPECULATORS. DO YOU THINK I DON'T KNOW THAT, MR? RICE IS FOR PUDDING NOT FOR SPECULATING!
Guys, the price rice is dereasing now... what s your point on it ?
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