Farmers Will Drive Ferraris, Not Bankers: Jim Rogers

Discussion in 'Politics' started by Bear12feet, Aug 14, 2011.

  1. Bear12feet
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    ”Agricultural commodities are the place to be in for investors,” points out Rogers saying that it will be farmers not bankers driving Ferraris in the coming decades.

    Rogers and Faber argue that the US dollar is on a path to death and Gold prices will continue to rise on the declining dollar value. Both of them agree to Stansberry & Associates Investment Research founder Porter Stansberry that if you divide US gold reserves by the total number of Federal Reserve base money, you get something $6,000 per ounce of gold.

    According to Rogers, governments have not addressed the underlying problems which triggered the crisis, but instead have "flooded the world with money." He argues that trying to solve the problem of too much consumption and too much debt with more consumption "defies belief," and will result in epic failure.

    Faber's outlook echoes the sentiments of Mr. Rogers. He says, "If we agree that excessive credit and excessive leverage led to the crisis, then what the FederalReserve is doing is giving a wrong medicine to the patient—they are giving the drug addicts more drug instead of sending them to rehabilitation, which is not good for the economy. So I think that the whole policy will eventually end in another disaster but we don’t know when and many things can happen in between."

    Read more:

    commodityonline.com/news/Farmers-not-bankers-will-drive-Ferraris-Jim-Rogers-24066-3-1.html
     
  2. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    From the link:
     
  3. Bear12feet
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    Search in Bing or Google for "Farmers, not bankers will drive Ferraris: Jim Rogers".
     
  4. Mr. H.
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    Soon to be used in describing out newest member.
     
  5. Bear12feet
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    America consumes 58 Billion burgers every year. World consumption for burgers maybe estimated 200 Billion burgers every year. America consumes 37 kilos of meat per person 3 times the average person does in asia and 6 times that of africa.

    World people eat 12 Billion chickens every year. Think of beef, sheep, goats, pigs, eggs, milk, etc. A big dog can easily eat 30 to 40 boiled eggs every day.

    3 Billion people survive of sea food, fish, crabs, lobsters etc...

    World people eat estimated 7 Billion Tons of food every year which equivalent or equal to weight of 14,000 world trade center buildings (9/11) in USA.

    95 million tons of fish are killed every year due to sea pollution and debris thrown in the sea by people.

    40 million tribal people live in forests and isolated regions of the world. Today world population is 8 billion people if you observe the world carefully.

    A 100 kg healthy man drinks 9 litres of water everyday. So 8 billion people will drink 40 billion litres of water everyday. Add other daily use of water by world people which would be 200 billion to 400 billion litres everyday.

    If every country on earth consumes as much as america, we would need about 12 Earths to sustain the world's population.

    There will be serious high food inflation worldwide if human population does not fall.

    Small dogs (25 kgs) in my area can eat 25 boiled eggs every day. Big dogs will eat 70 boiled eggs everyday. Think of animals who eat massive amounts of food.

    Worldwide oil production for year 2010 was 30 billions barrels.

    Some 7 billion tonnes of coal is produced worldwide per year which is equal to weight of 14,000 world trade center buildings (9/11).

    people.hofstra.edu/geotrans/eng/ch5en/appl5en/worldoilreservesevol.html

    worldcoal.org/coal/coal-mining/

    Experts say there will be 1 billion automobiles/vehicles in the world by year 2020.

    There are 1,400 Giant Boeing 747 planes flying all over the world and a 747 plane burns some 65,000 gallons fuel everyday.

    My calculations says 19 Billion barrels oil is consumed every year by planes, ships, boats/yachts. This includes military and commercial planes and ships.

    Post from FightTheFuture:

    Only 2 billion bushels of corn are being exported, and 5 billion being burned. There is enough corn being burned in the US to feed 1 Billion people every year.

    And burning ethanol is for what exactly? For each gallon of ethanol produced, one gallon of petroleum is consumed for distillation, transport, fertilizer, etc.

    Field corn has 2400 calories per pound. 58 lbs per bushel = 139,200 cal per bushel. 2000 cal per day required per person.

    1 bushel feeds one person for 70 days. need 5.2 bushels per year per person

    USDA estimates for the marketing year of 2010-2011, 4.9 billion bushels of corn will be used for ethanol production

    4.9 billion/5.2 = 942,307,692 people.

    ---------------------------------

    Farmers and fishermen earn small money for their crops so that world people get cheap food but prostitutes earn $50,000 per night and many call girls, prostitutes, porn stars and porn actors earn $10,000 per session/ night. World pornography is $200 Billion every year. Some porn stars and prostitutes have highly expensive cars. But 3 billion people walk 10 miles or 20 miles everyday.

    3 Billion people survive on $2 every day. Excellent economics.

    If Farmers and fishermen revolt then people will starve because they will not be able to buy unimaginable expensive food.
     
  6. Truthmatters
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    Science and facts dont impress these people.

    Try giving them a lie and some outdated info and they will be all over it as long as it somehow helps them retain their historically failed ideas.
     
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  8. daveman
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  9. Bear12feet
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    What's an investor to do in this scenario?

    Buy hard assets, he suggests. Davidowitz says investors should own physical gold, silver and diamonds. He also thinks land is a winning bet, even suggesting young adults buy and work farmland. "I think investment in farmland with water on it is a great investment. Finance will be less important," in the future, he says.

    Davidowitz: The DOW Could Fall 6,000 Points. Government gone Mad

    businessinsider.com/howard-davidowitz-dollar-crisis-dow-6000

    The biggest steel maker Archelor--Mittal which supplies steel to car manufactures has reported 10% fall in profits.

    Read this:

    Bumpy Ride for Car Makers: TATA

    Tata Motors chairman says crisis in western Europe may dampen demand for passenger cars. TATA motors also manufactures the $2500 Nano car.

    Tata Motors Chairman Ratan Tata has warned of a challenging year ahead for car makers in India even as the automotive industry continues to grapple with diminishing demand.

    “Looking ahead, I think the coming year will probably pose a considerable challenge. We all know western Europe is going through a relative crisis in terms of currency. All this is expected to dampen the demand for passenger cars,” Tata said while addressing shareholders at the company’s 66th annual general meeting here on Friday.

    bsmotoring.com/news/tata-warnsbumpy-ride-for-car-makers-in-india/3887/13

    Read more:

    SBI June Quarter Net Down 45.6%

    India's top lender State Bank of India (SBI) posted a 45.6 percent fall in June quarter net profit, falling short of estimates due to higher provisions.

    SBI said net profit in April-June fell to 15.84 billion rupees ($349 million) from 29.14 billion rupees a year ago. Net interest income was 131.24 billion rupees, compared with 103.51 billion rupees a year ago.

    A Reuters poll of analysts had forecast net profit of 17.6 billion rupees.

    Public sector banks face higher provisioning costs and deteriorating asset quality under new rules that require them to be more stringent in recognising non-performing assets (NPAs).

    businessworld.in/businessworld/businessworld/content/SBI-June-Quater-Net-Down-456.html
     
  10. Mr. H.
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    Only 2 billion bushels of corn are being exported, and 5 billion being burned. There is enough corn being burned in the US to feed 1 Billion people every year.

    And burning ethanol is for what exactly? For each gallon of ethanol produced, one gallon of petroleum is consumed for distillation, transport, fertilizer, etc.


    Yup.
     

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