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Sid
12-11-2006, 05:01 PM
During the great Depression of the '30s, we had strong families, churches, communities and most people had some connection to the land.

Today, we have none of these support structures.



Like the water in the well that goes dry, you don’t miss it until it’s gone and then it is just too late. In a society where our supermarkets overflow with food of every description, the notion that America is forcing its already small population of farmers, ranchers, and dairymen to quit must seem odd.

I was reminded of this by a recent Business Week cover story, “Can Anyone Steer This Economy?” by Michael Mandel. He began by noting that sometime next year the U.S. will hit a milestone. “For the first time in recent memory, the cost of imported goods and services will exceed federal revenues. In other words, Americans will soon pay more to foreigners than they do to their national government.”

If you like imported oil, said some sage, you will love imported food. The price of imported food involves more than one might imagine. Among the cost will be the loss of America’s wheat-growing farms, once known as the breadbasket for the world. That’s because the cost of growing wheat is exceeding the price it can get. Unless a farm bill wandering around Congress looking for a vote insures that farmers can receive a rational target price and the farmers an appropriate direct payment, they will be out of business.

As Jerry Snyder, president of the Washington Association of Wheat Growers, says, if the situation remains as it is, “all wheat growers have a chance of becoming dinosaurs. We will cease to exist.” Right now “farmers are selling out, going broke, or leaving farming altogether.”



Our Disappearing Farmers, Dollars and Future (http://www.newmediajournal.us/staff/caruba/12112006.htm)

Sid
12-14-2006, 01:33 PM
Asked why the Fed decided to stop publishing M3 data, Kuever told WND, "The Fed probably wants to hide how much liquidity is being pumped into the market, and I expect the trend to keep pumping liquidity into the market will continue, especially since the economy is slowing down."

Long-term, we are creating inflation and the dollar has lost almost 98 percent of its value in the past 100 years. Chapman believes the U.S. economy entered a recession in February.

"The Fed is in a very tough spot here," Chapman wrote, "If they raise rates, the real estate market will collapse, and if they lower rates, the dollar will collapse."

A dollar collapse is imminent, Chapman declared.



The key in how low the dollar goes is the interest rates (http://www.worldnetdaily.com/news/article.asp?ARTICLE_ID=53350)