With the huge amount of demand for agriculture we might consider the huge amount we pay farmers NOT to grow crops. WE could subsidize US purchases and make the world pay BIGTIME for food.
That will most likely never happen until they move the primaries from IOWA.
When gold rises, it's not because 'gold' goes up; but rather the dollar goes down. And right now NO ONE wants the US dollar (with good reason).
I'm a Canadian, so everything (for now) is good with our dollar. But if I was an American with Cash in the bank, I honestly would be getting into gold so fast, it would make your head spin. (I should add, I would have done this a few years ago). >>
That used to be true, but on August 20 of this year the price of gold in Euros was EU491.04/ oz., and today it's EU524.25/oz., so gold is up in all currencies. TD
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
<< <i>With the huge amount of demand for agriculture we might consider the huge amount we pay farmers NOT to grow crops. >>
FYI....Agriculture expenditures are 1% of the national budget. The reason they started to pay farmers not to grow anything was because of over production and the lack of demand for our agricultural products.
<< <i>That will most likely never happen until they move the primaries from IOWA >>
The agriculture policies of the US have nothing to do with the primaries being held in Iowa.
Maybe MS65 gold YUAN or Helvetians but not generic double eagles still available in boxes of 20.
I think you're confusing "$50" modern eagles with the earlier $20 1 0z Saints. One is collectible and one is not. Scott Travers first went out on a limb to pick MS65 early Saints about 3 yrs ago. Considering they have already been to $1775 (and now still only $1350), they have room to grow from here. Unless your name is Heritage, you and I cannot go out and pick these off of the trees whenever we want. Based on what MS63 and 64 Saints fetched in May 2006, the MS65's should now be $1650.......and they aren't (1350/0.6). During the years of 2001-2006 the 64 saints maintained a fairly tight 60% relationship to MS65 saints. I believe they will move to approach that again.
<< <i>OK, what exactly do we produce in the U.S. and export to the world ???
I can't think of anything. >>
Guess what the number one selling motorcycle is in Japan.
Russ, NCNE >>
OK, there are a couple exceptions. The exceptions are so small as to be moot.
The fact is the U.S doesn't manufacture anything that the rest of the world wants or needs, >>
This would be news to the defense equipment/aerospace industry in which I've worked steadily for 23 years. No other country even comes remotely close to what we can do in this arena.
“When the people find that they can vote themselves money, that will herald the end of the republic.” — Benjamin Franklin
My icon IS my coin. It is a gem 1949 FBL Franklin.
<< <i>2 sides to every coin. Cheaper dollar means better price competition overseas and (in theory at least) more commerce and a better economy for the US. >>
And higher profit for US corporations after foreign currencies are converted back to US dollar >>
OK, what exactly do we produce in the U.S. and export to the world ???
I can't think of anything.
A weak dollar makes EVERYTHING more expensive for Americans. Where do you think the produce comes from ? Where do you think those parts for cars come from, where do you think those computers come from, etc, etc.
We are doomed. >>
It was my understanding that computers are still mainly made here. I still find made in the USA on some things although it is getting harder on a lot of every day items like the things they sell at WalMart. Maybe this will help us bring more domestic production back when the higher cost of shipping and weaker dollar along with the american flag makes us look more attractive to the bargain hunters here. Yes, some foreign things could go up initially. I am not saying it is all good but there can be some positives about it. Is it a net gain or net loss? I wouldn't know but I think "doomed" is a bit much. JMO
Gold and silver are valuable but wisdom is priceless.
<< With the huge amount of demand for agriculture we might consider the huge amount we pay farmers NOT to grow crops. >>
FYI....Agriculture expenditures are 1% of the national budget. The reason they started to pay farmers not to grow anything was because of over production and the lack of demand for our agricultural products.
<< That will most likely never happen until they move the primaries from IOWA >>
The agriculture policies of the US have nothing to do with the primaries being held in Iowa
Spending 1% of a few trillion dollars a year to pay farmers not to grow is simply political blackmail and it has everything to do with the primaries starting in a farming state. I'd like to see which candidate would recommend removing them prior to the primaries and still think they can survive. We don't pay autoworkers not to make cars or coal miners not to mine coal. Why dont we just let the free market work, let them grow all they can and sell them througout the world through a co-op. Just like using corn instead of cane sugar for ethanol, a total politcal move to subsidize another powerful lobby.
The messages about selling US bonds misses a HUGE point. Yeah, the "Name your ethnic group" (Chinese, Arab etc.), are starting to look at US bonds as a less valuable investment. However, and this is a very BIG however, they are now starting to look at buying US companies and/or real estate because they have gotten less expensive to buy. Just like Sony bought Paramount studies when the Japanese economy was cranking along. Being business people they have every incentive to make sure that these companies continue to do well.
Second, as a country, let's say China, invests more in the US it has more and more interest in seeing that the US economy continues to do well. This helps lessen the likelihood of something stupid, lets say Taiwan, develop between the 2 countries.
<< <i>Spending 1% of a few trillion dollars a year to pay farmers not to grow is simply political blackmail and it has everything to do with the primaries starting in a farming state. >>
For one thing, all of that 1% doesn't go to pay farmers not to grow crops. Secondly, it had nothing to do with blackmail or which state a primary is in. It had to do with the farm crisis of the late 70's and early 80's and an attempt by the government to save our family farms which were on the verge of total collapse. We can see how successful that was, it wasn't.
I'm no fan of any type of prolonged subsidy but your information is flawed.
<< <i>Just like using corn instead of cane sugar for ethanol, a total politcal move to subsidize another powerful lobby >>
Or is it attempt to find a way for us to be self-sufficiant when the oil runs out. Should we pay farmers not to grow anything or, if we're going to pay them anyway, should we pay them to supply us with an energy source? Ethanol may just be the way to wean farmers off the government payroll whether it's corn, soy beans or some other source they can grow on their land.
Comments
That will most likely never happen until they move the primaries from IOWA.
<< <i>I know it's been said over and over again.
When gold rises, it's not because 'gold' goes up; but rather the dollar goes down. And right now NO ONE wants the US dollar (with good reason).
I'm a Canadian, so everything (for now) is good with our dollar. But if I was an American with Cash in the bank, I honestly would be getting into gold so fast, it would make your head spin. (I should add, I would have done this a few years ago). >>
That used to be true, but on August 20 of this year the price of gold in Euros was EU491.04/ oz., and today it's EU524.25/oz., so gold is up in all currencies.
TD
<< <i>Wait til it takes two of ours to buy one of theirs.
Woohoo!!! I'll be taking a lot more golfing trips in the States now!!
speaking of golfing, it's time to turn the computer off and head out for the links!! >>
Well if some country's citizens must benefit from our fiscal folly, it may as well be Canada! Enjoy our: Everything is half off sale!
...
Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."
<< <i>fastrudy: We are the leaders in exporting 'ex ceteras'. Don't mess with us! >>
Too funny
...
More US Dollar Trouble?
<< <i>With the huge amount of demand for agriculture we might consider the huge amount we pay farmers NOT to grow crops. >>
FYI....Agriculture expenditures are 1% of the national budget. The reason they started to pay farmers not to grow anything was because of over production and the lack of demand for our agricultural products.
<< <i>That will most likely never happen until they move the primaries from IOWA >>
The agriculture policies of the US have nothing to do with the primaries being held in Iowa.
I think you're confusing "$50" modern eagles with the earlier $20 1 0z Saints. One is collectible and one is not.
Scott Travers first went out on a limb to pick MS65 early Saints about 3 yrs ago. Considering they have already
been to $1775 (and now still only $1350), they have room to grow from here. Unless your name is Heritage,
you and I cannot go out and pick these off of the trees whenever we want. Based on what MS63 and 64 Saints
fetched in May 2006, the MS65's should now be $1650.......and they aren't (1350/0.6). During the years of 2001-2006
the 64 saints maintained a fairly tight 60% relationship to MS65 saints. I believe they will move to approach that again.
roadrunner
<< <i>
<< <i>
<< <i>OK, what exactly do we produce in the U.S. and export to the world ???
I can't think of anything. >>
Guess what the number one selling motorcycle is in Japan.
Russ, NCNE >>
OK, there are a couple exceptions. The exceptions are so small as to be moot.
The fact is the U.S doesn't manufacture anything that the rest of the world wants or needs, >>
This would be news to the defense equipment/aerospace industry in which I've worked steadily for 23 years. No other country even comes remotely close to what we can do in this arena.
My icon IS my coin. It is a gem 1949 FBL Franklin.
<< <i>
<< <i>
<< <i>2 sides to every coin. Cheaper dollar means better price competition overseas and (in theory at least) more commerce and a better economy for the US. >>
And higher profit for US corporations after foreign currencies are converted back to US dollar >>
OK, what exactly do we produce in the U.S. and export to the world ???
I can't think of anything.
A weak dollar makes EVERYTHING more expensive for Americans. Where do you think the produce comes from ? Where do you think those parts for cars come from, where do you think those computers come from, etc, etc.
We are doomed.
It was my understanding that computers are still mainly made here. I still find made in the USA on some things although it is getting harder on a lot of every day items like the things they sell at WalMart. Maybe this will help us bring more domestic production back when the higher cost of shipping and weaker dollar along with the american flag makes us look more attractive to the bargain hunters here. Yes, some foreign things could go up initially. I am not saying it is all good but there can be some positives about it. Is it a net gain or net loss? I wouldn't know but I think "doomed" is a bit much. JMO
<< With the huge amount of demand for agriculture we might consider the huge amount we pay farmers NOT to grow crops. >>
FYI....Agriculture expenditures are 1% of the national budget. The reason they started to pay farmers not to grow anything was because of over production and the lack of demand for our agricultural products.
<< That will most likely never happen until they move the primaries from IOWA >>
The agriculture policies of the US have nothing to do with the primaries being held in Iowa
Spending 1% of a few trillion dollars a year to pay farmers not to grow is simply political blackmail and it has everything to do with the primaries starting in a farming state. I'd like to see which candidate would recommend removing them prior to the primaries and still think they can survive. We don't pay autoworkers not to make cars or coal miners not to mine coal. Why dont we just let the free market work, let them grow all they can and sell them througout the world through a co-op. Just like using corn instead of cane sugar for ethanol, a total politcal move to subsidize another powerful lobby.
Second, as a country, let's say China, invests more in the US it has more and more interest in seeing that the US economy continues to do well. This helps lessen the likelihood of something stupid, lets say Taiwan, develop between the 2 countries.
U.S. Type Set
<< <i>Spending 1% of a few trillion dollars a year to pay farmers not to grow is simply political blackmail and it has everything to do with the primaries starting in a farming state. >>
For one thing, all of that 1% doesn't go to pay farmers not to grow crops. Secondly, it had nothing to do with blackmail or which state a primary is in. It had to do with the farm crisis of the late 70's and early 80's and an attempt by the government to save our family farms which were on the verge of total collapse. We can see how successful that was, it wasn't.
I'm no fan of any type of prolonged subsidy but your information is flawed.
<< <i>Just like using corn instead of cane sugar for ethanol, a total politcal move to subsidize another powerful lobby >>
Or is it attempt to find a way for us to be self-sufficiant when the oil runs out. Should we pay farmers not to grow anything or, if we're going to pay them anyway, should we pay them to supply us with an energy source? Ethanol may just be the way to wean farmers off the government payroll whether it's corn, soy beans or some other source they can grow on their land.
<< <i>cane sugar >>
Yea, they have no political power
<< <i>
<< <i>OK, what exactly do we produce in the U.S. and export to the world ???
I can't think of anything. >>
Guess what the number one selling motorcycle is in Japan.
Russ, NCNE >>
but they are still cutting back production due to lower demand..you are thinking of Milwaukee?