Did I ever say I agreed with price manipulation? The current rise in grain and food futures is not about manipulation of market but about droughts.
Did I ever say I agreed with price manipulation? The current rise in grain and food futures is not about manipulation of market but about droughts.
This quote has been tossed around for a while, not sure who actually put it out there first:
Over the past 30 or so years, the financial sector has abandoned it's traditional role (facilitating business investment) and done it's best to extract money from the lower and middle classes. When the bubble burst and disposable income dried up, it has moved to raiding saved wealth in the form of retirement accounts and property, and ultimately the collective savings account of the people. The above quote has been proven false, a small minority now has the keys to the Treasury. We payed them voluntarily, then indirectly, and now at the point of a gun.A democracy cannot exist as a permanent form of government. It can only exist until the majority discovers it can vote itself largess out of the public treasury.
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I'm not accusing you of it either instead I am merely trying to explain to you that futures contracts are for hedging the price you pay in the future.
Basically there not about encouraging an increase in capacity but are however used to ensure an agreed price tomorrow.
They slew him with poison afaid to meet him with the steel
a gallant son of eireann was Owen Roe o'Neill.
Internet is a bad place for info Gaelic Cowboy
Sorry but your idea of the futures market seems different from my reality. You seem to suggest that you can never lose on futures market... I am just lucky and haven't, but you most certainly can lose if you buy too high and the price drops - same as any normal market. I am NOT an in - out 'trader' but in for the long term; numbers of people keep going up and so more food needs producing or it rises in price (almost certainly both will be true).
I have done some shorting, particularly on the Spanish bond market, and did pretty well out of that ty too but does that me bad or the Euro mismanaged? I am not the one putting people out of work all over southern europe or raising the price of food in Europe via the 'Common Agricultural Policy'. If they are mismanaging your money don't elect them... Oh yea you can't because those fools were never elected in the first place.
Actually, our politicians and the financial elite are quite creative:
They manage to steal money that never existed, which has to be repaid with real money by the people who never stole the nonexistent money, with the thieves pretending to have not stolen the nonexistent money or to have stolen it by accident. In essence, they are magicians and actors.
Baby Quit Your Cryin' Put Your Clown Britches On!!!
Reinvent the British and you get a global finance center, edible food and better service. Reinvent the French and you may just get more Germans.
Ik hou van ferme grieten en dikke pintenOriginally Posted by Evil_Maniac From Mars
Down with dried flowers!
Spoiler Alert, click show to read:
I eat gold every day
Baby Quit Your Cryin' Put Your Clown Britches On!!!
Reinvent the British and you get a global finance center, edible food and better service. Reinvent the French and you may just get more Germans.
Ik hou van ferme grieten en dikke pintenOriginally Posted by Evil_Maniac From Mars
Down with dried flowers!
Spoiler Alert, click show to read:
I never made such a any claim on security of investment actually, futures contracts are essentially an insurance policy so of course you can lose.
Lets go back to the start ok, because you seem to be labouring under an illusion as to what were talking about here.
Basically the part in bold is not a reason to buy or sell a futures contract, however if you believe prices may go up or down by all means buy or sell away.Hold up... I am not a millionaire or anything but I bought cereal and rice futures a couple of years ago. Why? Because it encourages more people to make more food and as the population is rising food is bound to get more expensive. I didn't know there was going to be bad Russian and American harvests and sure I am now looking at a handy profit thanks. Have I done wrong? Is it wrong to make a profit?
Last edited by gaelic cowboy; 08-29-2012 at 23:38.
They slew him with poison afaid to meet him with the steel
a gallant son of eireann was Owen Roe o'Neill.
Internet is a bad place for info Gaelic Cowboy
My dear fellow I advise you NOT to invest on the stock market.
clearly you dont understand futures contracts at all.
It all about price and only about price whereas you claimed a benefit it doesn't actually give which was an increase in capacity.A contractual agreement, generally made on the trading floor of a futures exchange, to buy or sell a particular commodity or financial instrument at a pre-determined price in the future. Futures contracts detail the quality and quantity of the underlying asset; they are standardized to facilitate trading on a futures exchange. Some futures contracts may call for physical delivery of the asset, while others are settled in cash.
Read more: http://www.investopedia.com/terms/f/...#ixzz24ygISuD5
Basically I would be 99% confident that I deal with futures more than you, seeing as between the two of us I am the only person selling cattle.
Last edited by gaelic cowboy; 08-30-2012 at 00:04.
They slew him with poison afaid to meet him with the steel
a gallant son of eireann was Owen Roe o'Neill.
Internet is a bad place for info Gaelic Cowboy
I thought Ireland was too small to support cattle.
"If it wears trousers generally I don't pay attention."
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