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Mystery Chart Of The Day
Yet another chart that perfectly tracks the performance of the S&P (or Fed balance sheet). Guess what it shows...
The answer - and in this case perhaps correlation and causation are one and the same...
Opium Production has reached new record highs...
With the US illegal drug market growing dramatically (as we noted here), opium supplies have surged...
Opium poppy cultivation in Afghanistan rose to a new high of more than 200,000 hectares in 2013, a 36% increase over last year, the United Nations Office on Drugs and Crime said Wednesday. The report, part of the agency’s annual survey, indicates a grave trend for the country as U.S. and NATO forces withdraw over the next year.
...
The 2013 figure represents the highest total cultivation ever for Afghanistan, surpassing the previous peak of 193,000 hectares in 2007. Total opium production reached roughly 5,500 tons, an increase of 49 percent since 2012. Opium prices fell slightly, but according to the report, the farm-gate value–the price of a crop when the farmer sells it–increased by almost a third. Nearly $1 billion of raw opium came out of Afghanistan last year, accounting for 4% of the country’s GDP.
...
The motivations behind opium cultivation are clear. In this year’s U.N. survey, nearly three-quarters of famers said they harvested the crop because of high income from little land, and 44% cited the high sale price of opium. Of the farmers in the survey who never cultivated opium, 60 percent said because it violates Islam.
And as one would expect with high supply, prices (in USD) have dropped...
One has to wonder what is driving all this demand? Perhaps it is the collapse of the middle-class and America being #1 in the world for Fear, Stress, Anger, Divorce, Obesity, Anti-Depressants...
Source: UN
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pretty wild.. lots of people on smack .
http://hedge.ly/19qtZm1
Whats the over/under for the SP500 hitting 1800 by the close today?
Whats the over/under for the SP500 hitting 1800 by next week?
I guess it really was blood for poppies.
Don't try to dance and drive at the same time on that stuff, the 2 of you will be lucky to make it home alive.
Opium, the true opiate of the masses.
Television is the cheaper substitute opium of the masses.
The masses in my neck of the woods are all strungout on phone gadgets and sugar.......................
How else are the CIA supposed to fund their "black ops"?
Hopium production is down.
It's a DEA plan. Production will go so high that prices will fall and make it uneconomical to traffic the stuff.
It'll hit 1800.4ish by close, then promptly dump in AH.
Every major index, except the RUT is at an 52 week high now.
On a weekly basis, every index, except the NDX is at al all-time high.
How come I'm not rich?
Me either, i thought 1,800 SNP would trickle
That trickle is Jammie D pissing on the sheeple.
Say what - it ain't about being rich, it's about being high...
Must hit 1,800
oxycodone ftw
Funny, I couldn't begin to guess what got smacked down so far in 2001.
Yay, war.
Actually it's not what you think. That's when the Taliban took control of the opium fields and shut down production.
The war actually brought production back online. Ponder that for a bit, in an Iran-Contra kind of way.
http://www.nytimes.com/2001/05/20/world/taliban-s-ban-on-poppy-a-success...
(Notice it's 4 months prior to 9/11, and USG is happy about it.)
If the Taliban kept production shut down - imagine how much sooner the laundering banks would have been insolvent.
Weekly health insuranance cancellations?
Sure, but Hopium production is on a downward slide.
Opium is a tangible. Hopium is not.
Always go with the physical!
thus the need for opium.
moral of the story is we never should have sold bonds/debt in the first place. anytime the treasury ever runs short of cash, they should just create "money" on a laptop and wire it to the payee.
What? did you really think the CIA got all it's funding from the government?
History has shown over and over again that wherever the US Military (and CIA) land, the drug trade flourishes. Is anyone naive enough to believe this is mere coincidence?
geez........what happened in 2001?..........Ill give ya 1 guess
" ... prices (in USD) have dropped... "
Whew !
At last, something affordable for Christmas .
Bullish!
Exceptional-ism!!!!
And now we know why the troops are still in that hell hole 12 years later. It must suck losing life and limb protecting these fuckers.
I wish they would all find out together and walk off the job
guess we are gonna need lots more obamacare
" guess we are gonna need lots more obamacare "
Maybe. Almost all of the US population will be transformed into zombies ...
Hmmm ..., on second thought maybe not ..., some of the training exercises of the DHS consist in shooting at zombies .
Guess the Fed's not the only drug in the market!
The good old reliable Wall Street leasure. Drugs and hookers. Trading offices had loads of coke and hookers.
When your making millions/billions money can buy alnost anything.
The same thing happened during the Vietnam war when the U.S. military used Northern Thailand as their "cultivator". And it's easy to ship all that opium when you have special clearance for your air force and hundreds of bases around the world to ship it through.
Ferrari sales?
The Opium Poppy (Papaver somniferum) is a very hardy plant, and like most Poppies, will grow almost anywhere - irrespective of soil quality. If you cannot produce anything else, poppies are a decent crop - if only for the seed.
Paging Michael Ruppert...
I can see the data, but I can't make any sense of what is going on here. My first guess is that something has totally disrupted life over there and people are being force to farm opium. Or a massive breakdown in social mores has allowed nominially God-fearing Muslims to throw off the chains and do what they please.
Or maybe, aliens.
Yeah, it's aliens.
Consider this. A shitload of real estate in the USA was seized by traitors for the British crown and declared national parks and reserves. Don't take my word for it, it has happened all over the world. In the US the mexican mafia grows most of the dope peddled here on this land. Not serving allodial title since 1933.
Criminals front as lawyers and charities to get stuff. They are good at it. TFY
so that's what we were doing in Afghanistan....
a big wad of opium will get you through armageddon easier than a fully equiped dungeon.
great job Barry - rot in hell pig
A recent medical report (that I read on-line) indicated that a huge* amount of births in the USA were producing babies 'Opium addicted'. Sorry, no reference on hand but I got the impression that this event is as serious as Fukushima.
Think of all those boys and gals in the US Financial Industries who live on this stuff.
"Say, Good Night, Dick"
Ho hum
Send seasons greetings to:
George Jacob Jung #19225004
FCI FORT DIX
FEDERAL CORRECTIONAL INSTITUTION
P.O. BOX 2000
FORT DIX, NJ 08640
Release 27 November 2014 (maybe)
http://www.bop.gov/inmate_programs/money.jsp
http://www.bop.gov/iloc2/InmateFinderServlet?Transaction=NameSearch&need...
Drug sniffing dogs need not apply for the military.
My cousins daughter just died a weak ago but was found today dead from heroin. I never met her.
Arrest Kerry and Holder.
What programmed software discovered this correlation? I want to use it to get rich so I can afford to buy the stuff!
Ah, it's Opium. My first thought was net-loss of jobs. But it doesn't matter, anyway.
as Krugman would say, take more heroin, increased demand stimulates the economy.