Are you worried about the economy?
- Thread starter free4440273
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Nope. I fear no economy because I have an 30-06 and 500 acres of land that I own outright. I think I might just park it there and ride this one out.
That reminded me of something my brother had mentioned to me yesterday.That rice production in Australia had fallen sharply due to climate changes.As most know Australia already was largely unfarmable due to being mostly desert,now they are losing some of the small amount of land that would grow crops.Where they used to produce enough to have some exports that will almost be non-existant now.And the effects of all this have just begun world-wide as illustrated by your link.Less food,more people,some food used to make bio-fuels is just a knightmare that simply can't go on without upheaval and extreme ramifications for all of us.Famine and war can't be far behind given whats going on.Climate change has led to world wide droughts and less land able to be used to grow crops and dramatically lower outputs.And all the indicators are it is going to continue and accelerate as the warming increases.All this was also something Ted Turner talked about recently in his Charlie Rose interview but his dire predictions have fallen on a lot of deaf ears I think by those who find it convienent to ignore reality.
Here is a link about the Australian rice crop failure.
http://www.theaustralian.news.com.au/story/0,25197,23578239-5013404,00.html
"Farmers fail to deliver on rice | April 22, 2008
AUSTRALIAN rice growers used to proudly boast that they fed almost 40 million people one meal every day of the year.
This year, Australia will produce its smallest rice crop since 1960 and exports will collapse.
Until 2002-03, Australia exported, on average, 620,000 tonnes of rice a year, or 80 per cent of what it produced.
But figures compiled by Australian Bureau of Agriculture and Resource Economics show the 2007-08 export crop will be 70,000 tonnes, with no improvement the following year.
Gary Helou, the chief executive of Sunrice, Australia's rice exporter, said that although Australia was routinely among the top 10 exporters, it was a small player compared to the giants such as Thailand, which exports seven to 10 billion tonnes, and Vietnam, with its exports of between 3.5 and five billion tonnes.
Food supplies are tightening around the world, and prices have been rising, resulting in protests and even riots.
Mr Helou said the world rice shortage, and price rises, had been driven by climate. "There has been a run on drought and negative weather patterns across many parts of the world, all happening at the same time."
Demand is rising in a number of developing countries, including China, where there is rapidly growing demand for grain-fed protein. Grain is also being diverted to biofuels to combat climate change.
"It is affecting all agriculture," Mr Helou said. "There is less land available for food production, whether it is rice or wheat."
Australia grows temperate rice, a medium-grained variety that Mr Helou said was "a small part of the total mix. The greatest part of the rice trade, by a long way, is long grain, which we don't produce much of in this country."
But, he said, in the medium grain segment, Australia was a major player. The medium grain rice is used for risotto or sushi.
"It is a rounder, shorter stickier grain," Mr Helou said, favoured in Europe, the Pacific region, and parts of Asia and the Middle East.
Mr Helou said the Australian industry was currently focused on domestic needs. "There will be some small exports, but it is the smallest on record."
Major shortages and the most dramatic price spike is occurring in long grain rice. Vietnam, along with the big producing nations of China, India and Pakistan, has restricted exports to ensure domestic supplies, helping push by the benchmark price by more than 50 per cent in the last month.
"Today there is only one effective seller of long grain rice, and that is Thailand, and they are reeling from the impact of high demand," Mr Helou said."
I said this all at least 2 years ago. We are all up s*its creek when any one of the following exists;
interest rates drop which simply floods the market with more worthless green paper.
the value of the dollar drops internationally
interest on US foreign debt will no longer be accepted in worthless green paper.
the housing market tops out and bad mortgages cause personal bankruptcy
the price of gas continues to rise sharply causing prices to go up especially for food
interest rates drop which simply floods the market with more worthless green paper.
the value of the dollar drops internationally
interest on US foreign debt will no longer be accepted in worthless green paper.
the housing market tops out and bad mortgages cause personal bankruptcy
the price of gas continues to rise sharply causing prices to go up especially for food
Warren Buffet, the world's richest person, is predicting this current recession will be much longer and harder than "the experts" are predicting....he said it on Financial rah-rah network CNBC today...
Memo to Friday: If you can pick up a copy of today's Wall St Journal...there's an editorial explaining why the true price of oil should be (economically-speaking) at $70/barrel...it's all tied to the American Peso.
For the past 3 years...the Elephant Party has "claimed" that a weak dollar was great for America...it made our exports "cheap" and Dumbya went so far to claim that a weak dollar would actually drive down our deficit (due to this alleged increase in our exports)...well...Dumbya's theory went to shit quick...ignoring the dollar, cutting interest rates have become twin wildfires on our economy because all they did was feast on the drygrass that feeds fires...inflation!
This is going to be one of the hottest summers on the West Coast...I am going on record to predict massive rolling blackouts and water restrictions all throughout Cali this summer....
Memo to Friday: If you can pick up a copy of today's Wall St Journal...there's an editorial explaining why the true price of oil should be (economically-speaking) at $70/barrel...it's all tied to the American Peso.
For the past 3 years...the Elephant Party has "claimed" that a weak dollar was great for America...it made our exports "cheap" and Dumbya went so far to claim that a weak dollar would actually drive down our deficit (due to this alleged increase in our exports)...well...Dumbya's theory went to shit quick...ignoring the dollar, cutting interest rates have become twin wildfires on our economy because all they did was feast on the drygrass that feeds fires...inflation!
This is going to be one of the hottest summers on the West Coast...I am going on record to predict massive rolling blackouts and water restrictions all throughout Cali this summer....
Most of those are eithier happening now or possibly right around the corner.No surprise to eithier one of us I think.
I heard Warren Buffet recently said the 60 year economic boom parts of the world experienced is over, for good.He is probably dead on with that.And on the true price of oil is tied to the peso somehow I had no idea that Mexico had so much influence on the world lol.I would have to see the story to understand i guess what there point really is there.But your point has been its Iraq that is responsible for a big part of the price which I don't get at all.I have not heard one oil analyst say Iraq has anything to do with the price of oil.As I said barring a catastrophe world wide that drives the price down prices are staying high and going higher.And I can find ya plenty of experts that think that is the future.
But we do agree on the long hot summer in lots of places.Thats another thing we best get used too, cause the "warming" is just going to increase.:eek:
The Iraq war has created unnecessary multi-year supply HYSTERIA over oil which has certainly helped sustained this long upswing in price.
Iraq War + American Peso = American People being bent over at the pump
All while the Crawford Cowboy rides around D.C. with a shit-eatin' grin on his face and "feigned ignorance" at reports of growing public outcry and misery...
Iraq War + American Peso = American People being bent over at the pump
All while the Crawford Cowboy rides around D.C. with a shit-eatin' grin on his face and "feigned ignorance" at reports of growing public outcry and misery...
You bet your happy little ass I'm worried about the economy! It seems like anything that can go wrong and bring chaos to the economy is already happening. Food shortage... rising gas prices... a declining housing market... soaring unemployment... yep, we're fucked.
Last week they were already talking about it on the radio that they are planning to ration water where I live starting next month.
Facetious
Moderated
Buffet claims that the recession is going to be worse than anticipated. :thefinger Thank you 'ol fuddy duddy, insurance salesman, anti labor outsourcerer bastid ! :thefinger
Notice how Berk Hath stocks don't have labor costs within their structure (?) Warren don't like the costs of labor 'cause it cost too much & make warren a poorboy. :thefinger
These characters,turner, sor0s and buffet have so much f'en leverage, they win no matter what happens to the market. I hate these megalomaniacal freaks and their numbers games ! If Vladimir Putin was our President , he'd have them arrested :guffaw: ! I condone such arrests, hedging the markets, betting against our currencies ! Talk about a 5th column !
What's worse is when they die their $$$$$$$$$$$$$$$$$$$$$$$$$$ goes to the u.n.
KMAss !
Notice how Berk Hath stocks don't have labor costs within their structure (?) Warren don't like the costs of labor 'cause it cost too much & make warren a poorboy. :thefinger
These characters,turner, sor0s and buffet have so much f'en leverage, they win no matter what happens to the market. I hate these megalomaniacal freaks and their numbers games ! If Vladimir Putin was our President , he'd have them arrested :guffaw: ! I condone such arrests, hedging the markets, betting against our currencies ! Talk about a 5th column !
What's worse is when they die their $$$$$$$$$$$$$$$$$$$$$$$$$$ goes to the u.n.
KMAss !
Rattrap
Doesn't feed trolls and would appreciate it if you
Weren't other states like Oregon forced to sell California electricity last time that happened on a big scale?
this has been 15 years of suffocation-- thank you uncle sam for your nuts in my face
testicle nuts and stuff.....................ballsack
the next bubble: green tech
icerfan
Nikkala made me do it!
We'll officially find out how bad things are tomorrow morning ... the first estimate of US 1st qtr GDP gets released. The consensus by economists is (no big surprise) right around zero. Plus there might be another interest rate move in the afternoon. Fun! :2 cents: :dunno:
Green and power ...
It's a tale of two states:
- California (heavily left and "patronizing" right like "Duh Gov'nor")
- Oregon (significantly Libertarian, yes, Libertarian, especially Portland)
Oregon has implemented many sustainable initiatives, although they could use more (which many have called for, and the Energy Act of 2005 finally breaks barriers down for). Most of their solid foundations are demonized by "popular environmentalists" -- from power to tiber. Ironically, the average constituent in Oregon (especially Portland) is far more environmentally aware than the average member of Greenpeace.
Sad, but true. Most of the Portland colleagues I have are ones with an extremely low opinion of those who live in the Bay area. Tech without science and engineering is neither good nor sustainable, and I speak from someone who works in the tech industry (there are things best left to engineers).
And I'm curious how much waste there will be in such "initiatives" of "popular environmentalism." I predict the 1970s all over again -- no wait, it's happening (and is no longer a prediction). Sigh, "awareness" comes and goes, and little is solved.
Yes, at a much lower CO2 footprint than Cali's aging plants -- despite the loss in transmission line distance as well. That's because Cali's plants are aging and inadequate.
It's a tale of two states:
- California (heavily left and "patronizing" right like "Duh Gov'nor")
- Oregon (significantly Libertarian, yes, Libertarian, especially Portland)
Oregon has implemented many sustainable initiatives, although they could use more (which many have called for, and the Energy Act of 2005 finally breaks barriers down for). Most of their solid foundations are demonized by "popular environmentalists" -- from power to tiber. Ironically, the average constituent in Oregon (especially Portland) is far more environmentally aware than the average member of Greenpeace.
Sad, but true. Most of the Portland colleagues I have are ones with an extremely low opinion of those who live in the Bay area. Tech without science and engineering is neither good nor sustainable, and I speak from someone who works in the tech industry (there are things best left to engineers).
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