PeakOil is You
Biggest commodities bust in 52 years
Re: Biggest commodities bust in 52 years
by mmasters » Wed 26 Mar 2008, 19:49:34
$this->bbcode_second_pass_quote('', '')$this->bbcode_second_pass_quote('', 'T')he U.S. never had a budget surplus during the Clinton years. The General Budget was made to look good by taking 100's of millions of $ from Social Security and Medicare. Here are the OFFICIAL government numbers on the first Monday of each fiscal year
. Is this the federal budget or total federal and state? Tjis is the kind of thing I am familier with.
source:http://archives.cnn.com/2000/ALLPOLITICS/stories/09/27/clinton.surplus/
Your article wont say it but he never really balanced the total federal budget, he balanced the total federal "operational" budget.
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mmasters - Intermediate Crude
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Re: Biggest commodities bust in 52 years
by mmasters » Wed 26 Mar 2008, 19:51:10
$this->bbcode_second_pass_quote('DantesPeak', 'T')he title of this thread should be changed to “Biggest Commodity Fake-out in 52 Years”.
The Fed and ECB are flooding the world with new money (despite what the ECB says about interest rates). The Fed lent money at only 0.25% today – that’s only one quarter of one per cent.
In these circumstances where the US dollar is losing more of its intrinsic value every day, widespread deflation is not possible.
The Fed and ECB are flooding the world with new money (despite what the ECB says about interest rates). The Fed lent money at only 0.25% today – that’s only one quarter of one per cent.
In these circumstances where the US dollar is losing more of its intrinsic value every day, widespread deflation is not possible.
Not possible unless there's a disaster and they stop floating the markets!
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mmasters - Intermediate Crude
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Re: Biggest commodities bust in 52 years
by shortonoil » Fri 28 Mar 2008, 12:16:07
mmasters said:
$this->bbcode_second_pass_quote('', '
')Not possible unless there's a disaster and they stop floating the markets!
$this->bbcode_second_pass_quote('', '
')Not possible unless there's a disaster and they stop floating the markets!
Does mass starvation count as a disaster?
Rise in rice prices - 30%
$this->bbcode_second_pass_quote('', 'T')he increase came after Egypt, a leading exporter, imposed a formal ban on selling rice abroad to keep local prices down, and the Philippines announced plans for a major purchase of the grain in the international market to boost supplies. Global rice stocks are at their lowest since 1976.
The Egyptian export ban formalises a previously poorly enforced curb and follows similar restrictions imposed by Vietnam and India, the world’s second- and third-largest exporters. Cambodia, a small seller, also on Thursday announced an export ban.
How long before this happens to oil?
$this->bbcode_second_pass_quote('', 'M')ANILA, Philippines — Philippine activists warn about possible riots. Aid agencies across Asia worry how they will feed the hungry. Governments dig deeper every day to fund subsidies.
Part of a surge in global food costs, rice prices on world markets have jumped 50 percent in the past two months and at least doubled since 2004. Experts blame rising fuel and fertilizer expenses as well as crops curtailed by disease, pests and climate change. There are concerns prices could rise a further 40 percent in coming months.
Hoarding has begun throughout Asia! PO hits our bellies!
$this->bbcode_second_pass_quote('', 'A')sia faces a sharp rise in food costs, due partly to surging demand for crops used in biofuels, and governments should do more to shield the region's poor from economic shocks, a U.N. commission said Thursday. In China, food costs in February were up 23.3 percent from the same month last year, driven by a 63.4 percent jump in the price of pork and a 46 percent rise for vegetables.
When food prices rise 70 - 80% in Western countries, we will have that disaster!
