”Agricultural commodities are the place to be in for investors,” points out Rogers saying that it will be farmers not bankers driving Ferraris in the coming decades. Rogers and Faber argue that the US dollar is on a path to death and Gold prices will continue to rise on the declining dollar value. Both of them agree to Stansberry & Associates Investment Research founder Porter Stansberry that if you divide US gold reserves by the total number of Federal Reserve base money, you get something $6,000 per ounce of gold. According to Rogers, governments have not addressed the underlying problems which triggered the crisis, but instead have "flooded the world with money." He argues that trying to solve the problem of too much consumption and too much debt with more consumption "defies belief," and will result in epic failure. Read more: http://www.commodityonline.com/news...will-drive-Ferraris-Jim-Rogers-24066-3-1.html What's an investor to do in this scenario? Buy hard assets, he suggests. Davidowitz says investors should own physical gold, silver and diamonds. He also thinks land is a winning bet, even suggesting young adults buy and work farmland. "I think investment in farmland with water on it is a great investment. Finance will be less important," in the future, he says. Davidowitz: The DOW Could Fall 6,000 Points. Government gone Mad http://www.businessinsider.com/howard-davidowitz-dollar-crisis-dow-6000 17,500 Farmers Killed Themselves every Year in India More than 17,500 farmers a year killed themselves between 2002 and 2006, according to experts who have analyzed government statistics. Others traced the increase in farmer suicides to the early 1990s At least 17,368 Indian farmers killed themselves in 2009, the worst figure for farm suicides in six years, according to data of the National Crime Records Bureau. According to another study by the Bureau, while the number of farm suicides increased since 2001, the number of farmers has fallen, as thousands abandoning agriculture in distress. Farmers' suicides in India The economic plight of the farmer might be illustrated with the fact that a farmer having as much as 15 acres (61,000 m2) of land, and hence considered a well-off farmer, had an income of just a little more than what he would have earned were he to merely get the legal minimum wage for all of the 365 days of the year. http://en.wikipedia.org/wiki/Farmers'_suicides_in_India Some 3 months back, 4 farmers had died while protesting land acquisition by Indian state government. Some people had died while protesting land acquisition for TATA nano car massive factory after that $2500 nano car factory was shifted to other state in India. Some years back farmers had died from Indian police guns regarding land dispute. India has land purchase problems by giant factories. Farmers revolution will start in India. --------------------------- Farmers already drive Lamborghini's http://www.lamborghini-tractors.com/UNITEDKINGDOM/en-GB/defaultuk.html The biggest steel maker Archelor--Mittal which supplies steel to car manufactures has reported 10% fall in profits. Bumpy Ride for Car Makers: TATA Tata Motors chairman says crisis in western Europe may dampen demand for passenger cars. TATA motors also manufactures the $2500 Nano car. Tata Motors Chairman Ratan Tata has warned of a challenging year ahead for car makers in India even as the automotive industry continues to grapple with diminishing demand. “Looking ahead, I think the coming year will probably pose a considerable challenge. We all know western Europe is going through a relative crisis in terms of currency. All this is expected to dampen the demand for passenger cars,” Tata said while addressing shareholders at the company’s 66th annual general meeting here on Friday. http://bsmotoring.com/news/tata-warnsbumpy-ride-for-car-makers-in-india/3887/13 Read more: SBI June Quarter Net Down 45.6% India's top lender State Bank of India (SBI) posted a 45.6 percent fall in June quarter net profit, falling short of estimates due to higher provisions. SBI said net profit in April-June fell to 15.84 billion rupees ($349 million) from 29.14 billion rupees a year ago. Net interest income was 131.24 billion rupees, compared with 103.51 billion rupees a year ago. A Reuters poll of analysts had forecast net profit of 17.6 billion rupees. Public sector banks face higher provisioning costs and deteriorating asset quality under new rules that require them to be more stringent in recognising non-performing assets (NPAs). http://www.businessworld.in/businessworld/businessworld/content/SBI-June-Quater-Net-Down-456.html
Wow! Those poor guys! Slumming it in Ferraris! Well, we can be sure Congress will up the next farm subsidy bill from 100 billion dollars to 200 billion dollars with a dozen MORE tax loopholes so they can farm in REAL style!
You mean the **********s will whine and stamp their feet about it. **********s are such hicks. As well as every single supporter.
Bachmann has gotten a quarter of a million in government freebies for NOT growing or whatever. Just as several people who "farm" have told me: "My land would be pretty worthless without the farm payments! How would I get by?"
