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Canada Seeing Deflation
Canada Seeing Deflation
by deMolay » Mon 15 Jun 2009, 13:19:10
The Fartsniffers call it negative inflation. They can't force themselves to say Depression or Deflation yet. http://www.canada.com/Business/Canada+seeing+negative+inflation+economists/1695213/story.html
"We Are All Travellers, From The Sweet Grass To The Packing House, From Birth To Death, We Wander Between The Two Eternities". An Old Cowboy.
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deMolay - Intermediate Crude
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Re: Canada Seeing Deflation
by threadbear » Mon 15 Jun 2009, 15:10:15
As usual the media are masters of the bloody obvious, as far as credit sensitive items go, but fail to highlight the other part of the bi-flationary economy. Food prices have gone up about 20% since 2008. They took a rocket shot, last time oil and grains rose, and they never really backed down. Where I shop, on an island, food is up more like 40%, since last year. It's insane.
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threadbear - Expert
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Re: Canada Seeing Deflation
by deMolay » Mon 15 Jun 2009, 16:37:10
The NGO's are saying this will be a Global Record year for hunger and shortage's of food on a daily basis. It is shaping up for crop failures here in Alberta Sask. all ready. Many farmers are talking of plowing down the crops already. Manitoba was flooded out. Alberta and Sask. have drought and a longer winter. We were still getting snow here into late may and june. Global Food Shortages coupled with high prices will be the norm from now on I am afraid.
"We Are All Travellers, From The Sweet Grass To The Packing House, From Birth To Death, We Wander Between The Two Eternities". An Old Cowboy.
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deMolay - Intermediate Crude
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Re: Canada Seeing Deflation
by shortonoil » Mon 15 Jun 2009, 20:40:38
deMolay said:
$this->bbcode_second_pass_quote('', 'T')he NGO's are saying this will be a Global Record year for hunger and shortage's of food on a daily basis. It is shaping up for crop failures here in Alberta Sask. all ready. Many farmers are talking of plowing down the crops already. Manitoba was flooded out. Alberta and Sask. have drought and a longer winter. We were still getting snow here into late may and june. Global Food Shortages coupled with high prices will be the norm from now on I am afraid.
$this->bbcode_second_pass_quote('', 'T')he NGO's are saying this will be a Global Record year for hunger and shortage's of food on a daily basis. It is shaping up for crop failures here in Alberta Sask. all ready. Many farmers are talking of plowing down the crops already. Manitoba was flooded out. Alberta and Sask. have drought and a longer winter. We were still getting snow here into late may and june. Global Food Shortages coupled with high prices will be the norm from now on I am afraid.
World grain reserves are the lowest they have ever been in history. They have gone down 6 of the last 7 years. Food shortages at this stage of PO can probably be expected. Nations that have to depend on imports of food and oil are going to be severely hit. Especially those countries with a heavy dependency on exports to provide foreign exchange currency. The world export market has been crunched badly as of late.
With oil at $70, many of these nations will be looking at the decision of food or oil. If it turns out that some of the big US banks have been pushing up oil prices, there will be hell to pay. Since rising oil prices actually helps the FED by increasing the global demand for dollars, and there does not appear to be any fundamental reason for oil’s rise, there will be suspensions and accusations.
When food shortages start to appear, expect things to get real nasty, real quick. A lot of the world that already has a good dose of resentment toward the US, may very well unite against what they perceive as a common enemy.
AvailableEnergy
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shortonoil - False ETP Prophet
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Re: Canada Seeing Deflation
by threadbear » Mon 15 Jun 2009, 21:15:32
$this->bbcode_second_pass_quote('deMolay', 'T')he NGO's are saying this will be a Global Record year for hunger and shortage's of food on a daily basis. It is shaping up for crop failures here in Alberta Sask. all ready. Many farmers are talking of plowing down the crops already. Manitoba was flooded out. Alberta and Sask. have drought and a longer winter. We were still getting snow here into late may and june. Global Food Shortages coupled with high prices will be the norm from now on I am afraid.
Bought the Globe and Mail today and just finished reading about the crop situation on the prairies, DeMolay. This is just so bleak. What's worse, it seems is that we are just getting pretty much unstable weather. If you could count on colder longer winters and dry hot summers, there's a chance that crops could be found to work around the problem, but this is just insane. Here in B.C. we went from Spring, up until June, where daytime temps averaged about 45degrees F, to June, where daytime temps are averaging just under 80degreesF. That's pretty much a jump from winter directly into hot summer. So freaking weird.
How is your farm doing? Have you got enough feed for the cows?
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threadbear - Expert
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Re: Canada Seeing Deflation
by deMolay » Mon 15 Jun 2009, 22:32:30
I was up in the Peace River country visiting friends over the weekend, about 4/5 hours west and north of where I am, and their fields are brown. The town of Peace River is in a deep river valley of the Peace River and it was unbearably hot, 30 plus. Forest fires are starting to spring up around this part of Alberta. Pastures are dying back because it was such a cold late spring. I think I told you this before but the winters here are getting longer and colder with more snow. The snow on the open ground was so deep this winter that the 4X4 Kubota 100 plus HP tractor could not break out of the yard too far. It used to be we would budget 6/7 1400 lb bales of hay per cow. The last 5/6 years it has been 8 Bales. Now I am thinking I need 9 Bales per cow. Manitoba, Sasketchewan and Alberta produce more grains than the USA. And is the real breadbasket of the world. At one time the Western Breadbasket used to be interconnected by railroad and every little town and village had grain elevators that the local farmers hauled their grain to. Then some genius politician and the city folk decided the farmers were a burden and had the elevators torn down and the rail lines ripped out, and the towns died out. Western Canada used to have several years harvest stored right by the railroad tracks hundreds of millions of bushels of grains. Enough to feed North America for several years. Now no one stores grain. And when they do it is only stored on the farm and trucked to the big railheads when the price is good. There is a big famine coming, it is getting closer each year. China has 25% of the worlds mouths, 6% of the fresh water and 7% of the world's arable land. And that doesn't count India and Africa. It is not hard to see what is coming.
"We Are All Travellers, From The Sweet Grass To The Packing House, From Birth To Death, We Wander Between The Two Eternities". An Old Cowboy.
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deMolay - Intermediate Crude
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Re: Canada Seeing Deflation
by copious.abundance » Mon 15 Jun 2009, 23:09:12
$this->bbcode_second_pass_quote('shortonoil', 'W')orld grain reserves are the lowest they have ever been in history. They have gone down 6 of the last 7 years.]
God, what complete nonsense!
Corn: Down 3 of the past 7 years, and not remotely close to the lowest in history.
Soybeans: Down only 2 of the past 7 years, and overall history is ending stocks going through the roof!
Wheat: Down only 3 of the past 7 years, and not remotely close to "the lowest they have ever been in history."
CBOT
Measured by total supply you get the same thing: Nothing remotely close to "the lowest they have ever been in history."
Stuff for doomers to contemplate:
http://peakoil.com/forums/post1190117.html#p1190117
http://peakoil.com/forums/post1193930.html#p1193930
http://peakoil.com/forums/post1206767.html#p1206767
http://peakoil.com/forums/post1190117.html#p1190117
http://peakoil.com/forums/post1193930.html#p1193930
http://peakoil.com/forums/post1206767.html#p1206767
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copious.abundance - Fission
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Re: Canada Seeing Deflation
by copious.abundance » Mon 15 Jun 2009, 23:17:26
$this->bbcode_second_pass_quote('shortonoil', 'W')orld grain reserves are the lowest they have ever been in history. They have gone down 6 of the last 7 years.
And overall grain beginning stocks (including rice) have gone UP 4 of the past 7 years.
Source
Stuff for doomers to contemplate:
http://peakoil.com/forums/post1190117.html#p1190117
http://peakoil.com/forums/post1193930.html#p1193930
http://peakoil.com/forums/post1206767.html#p1206767
http://peakoil.com/forums/post1190117.html#p1190117
http://peakoil.com/forums/post1193930.html#p1193930
http://peakoil.com/forums/post1206767.html#p1206767
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copious.abundance - Fission
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- Location: Cornucopia
