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  1. #1

    Default Re: When Can We Start Breaking Things?

    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.

  2. #2
    Needs more flowers Moderator drone's Avatar
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    Default Re: When Can We Start Breaking Things?

    This quote has been tossed around for a while, not sure who actually put it out there first:
    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.
    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.
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    Senior Member Senior Member gaelic cowboy's Avatar
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    Default Re: When Can We Start Breaking Things?

    Quote Originally Posted by SoFarSoGood View Post
    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.

    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

  4. #4

    Default Re: When Can We Start Breaking Things?

    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.

  5. #5
    smell the glove Senior Member Major Robert Dump's Avatar
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    Default Re: When Can We Start Breaking Things?

    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.
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    Enlightened Despot Member Vladimir's Avatar
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    Default Re: When Can We Start Breaking Things?

    Quote Originally Posted by Major Robert Dump View Post
    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.
    No such thing as "real money" All wealth is subjective, currency is a symbol, and you can't eat gold.


    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.
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  7. #7
    smell the glove Senior Member Major Robert Dump's Avatar
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    Default Re: When Can We Start Breaking Things?

    I eat gold every day
    Baby Quit Your Cryin' Put Your Clown Britches On!!!

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    Enlightened Despot Member Vladimir's Avatar
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    Default Re: When Can We Start Breaking Things?

    Quote Originally Posted by Major Robert Dump View Post
    I eat gold every day
    Does this have anything to do with the gold hoes thread on the Minecraft forums?


    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.
    Quote Originally Posted by Evil_Maniac From Mars
    How do you motivate your employees? Waterboarding, of course.
    Ik hou van ferme grieten en dikke pinten
    Down with dried flowers!
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  9. #9
    Senior Member Senior Member gaelic cowboy's Avatar
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    Default Re: When Can We Start Breaking Things?

    Quote Originally Posted by SoFarSoGood View Post
    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.
    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.

    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?
    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.
    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

  10. #10

    Default Re: When Can We Start Breaking Things?

    My dear fellow I advise you NOT to invest on the stock market.

  11. #11
    Senior Member Senior Member gaelic cowboy's Avatar
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    Default Re: When Can We Start Breaking Things?

    Quote Originally Posted by SoFarSoGood View Post
    My dear fellow I advise you NOT to invest on the stock market.
    clearly you dont understand futures contracts at all.

    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
    It all about price and only about price whereas you claimed a benefit it doesn't actually give which was an increase in capacity.

    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

  12. #12
    Voluntary Suspension Voluntary Suspension Philippus Flavius Homovallumus's Avatar
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    Default Re: When Can We Start Breaking Things?

    I thought Ireland was too small to support cattle.
    "If it wears trousers generally I don't pay attention."

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  13. #13

    Default Re: When Can We Start Breaking Things?

    Quote Originally Posted by gaelic cowboy View Post
    clearly you dont understand futures contracts at all.
    I know enough to make some money out of it. You sell cattle is hardly futures market...
    Last edited by SoFarSoGood; 08-30-2012 at 01:35.

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