Farmers watch harsh winter crush their livelihoods | |
~ Jaded Star ~
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ClaytonB
User ID: 1192046 United States 02/08/2011 03:08 AM Report Abusive Post Report Copyright Violation | For Northeastern farmers long used to coping with all sorts of cold-weather problems, this winter presents a new one: snow and ice that's bringing down outbuildings, requiring costly repairs, killing livestock and destroying supplies. Quoting: ~ Jaded Star ~[link to finance.yahoo.com] That's what the futures market (speculation) is for... it provides insurance against these sorts of events. Gutting speculation is a recipe for starvation. Farmers should concentrate on farming and leave the speculating to those with an appetite for the risk. During the good years, the farmers start bitching that the speculators are earning wads of cash "for nothing." If the good years go on too long, they eventually gang up and raid the speculators. Then, the bad years come and nobody saved up for a rainy day. Result? We're all fucked. Clayton - 1st Law of Tyranny: Dictators come and go. The people never die. - Anon The real truth that dare not speak itself is that no one is in control [of the world], absolutely no one. Now there may be entities seeking control; the World Bank, the Communist Party, the rich... But to seek control is to take enormous aggravation upon yourself because this process that is underway will take the control freak by the short and curlies and throw them against the wall. - Terence McKenna Nature has a certain order. The ants pick the food, the ants KEEP the food and the grasshoppers leave! - Princess Atta That government is best which governs not at all; and when men are prepared for it, that will be the kind of government which they will have. - Henry David Thoreau |
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~ Jaded Star ~
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