Best Of The Best Share Discussion Threads

[traderabc] 18/4/2009 11:33

Jim Rogers You Can Make a lot of Money if You do your Homework

[traderabc] 16/4/2009 12:21

Monsanto GM-corn harvest fails massively in South Africa
By Adriana Stuijt.
Published Mar 29, 2009 by ■ Adriana Stuijt Share:


Monsanto: "No Food Shall Be Grown That We Do Not Own"


South African farmers suffered millions of dollars in lost income when 82,000 hectares of genetically-manipulated corn (maize) failed to produce hardly any seeds.The plants look lush and healthy from the outside. Monsanto has offered compensation.
Monsanto blames the failure of the three varieties of corn planted on these farms, in three South African provinces,on alleged 'underfertilisation processes in the laboratory". Some 280 of the 1,000 farmers who planted the three varieties of Monsanto corn this year, have reported extensive seedless corn problems.

Urgent investigation demanded
However environmental activitist Marian Mayet, director of the Africa-centre for biosecurity in Johannesburg, demands an urgent government investigation and an immediate ban on all GM-foods, blaming the crop failure on Monsanto's genetically-manipulated technology.

[wstirrup] 15/4/2009 20:27

ignoble - 10 Feb'09 - 14:23 - 27 of 259


Wonder if we will have a massive North Sea Oil find in the coming years to get the U.K. back on track !
It was always rumoured there is still masses of the stuff North of Scotland !
Time will tell ...
(no advice intended , just speculating)


Ignoble...the BIG one you are refering to is about 60billion barrels of oil big, and is a british territory...Yep..THE FALKLAND ISLANDS

(BOR, FKI, FOGL and others)

[traderabc] 15/4/2009 20:22

Commodity Investor Q&A: Is Jim Rogers Right In Buying Agricultural Commodities?
By Growth Stock Wire on April 15, 2009 | More Posts By Growth Stock Wire | Author's Website

With Matt Badiali

Q: Do you think Jim Rogers is right to be buying agricultural commodities now? - A.M.

A: Legendary commodity trader Jim Rogers recently told Bloomberg viewers that farmers, not brokers, would drive Lamborghinis. He also told the host to start up a Bloomberg farm show…

His argument is simple: Farmers can no longer get loans for fertilizer, so supplies of most crops are down. However, demand for those crops, like cotton and soybeans, is actually rising. That means prices must rise.

Rogers’ record on “soft” commodity investing is pretty impressive. In 2004, he published Hot Commodities, focusing specifically on sugar and coffee. Both were ideal commodity trades: There wasn’t enough supply to meet demand.

In January 2004, coffee sold for 70¢ per pound and sugar just 6¢ per pound. As you can see from the chart below, prices rose steadily over the next few years. Coffee peaked at $1.78 per pound and sugar peaked at 20¢ per pound. That represents gains of 155% and 232%, respectively.

I agree with Rogers that we’ll see shrinking supplies of farmed commodities like wheat, cotton, and soybeans. We could see their prices repeat coffee and sugar’s performance.

You can invest in Rogers’ farm trade through the ELEMENTS Rogers International Commodity Agriculture ETN (RJA: 7.1881 -0.0019 -0.03%). This fund holds about 20 different agricultural commodity futures. The top holdings are wheat (20%), corn (13.6%), cotton (11.6%), and soybeans (8.6%).

[traderabc] 15/4/2009 20:00

Jim Rogers On Investing In Commodities
Posted Wednesday, April 15th, 2009 at 8:12 am

BusinessWeek investing reporter David Bogoslaw recently got the chance to interview well-known investor Jim Rogers by telephone. The following are some notable excerpts which appeared on the BW website last night:

In your book, you advise people to thoroughly educate themselves about a subject before they ask for advice from reputed experts so that they can truly evaluate the worth of the advice. How practical is that for investors who aren’t professionals like yourself?

The people you’re describing should not be investing at all, unless they invest in things they know a lot about. If you’re an auto mechanic, you’ll know much more about your field than anyone on Wall Street ever will. You’ll know when new products or processes are coming out. Those people can get extremely rich by just staying with what they know. It could be products that go into cars, like tire companies, or glass companies, rather than [only] auto companies. They shouldn’t try to compete with Warren Buffett.

So you reject the advice about diversified portfolios?

Diversification is something that stock brokers came up with to protect themselves, so they wouldn’t get sued [for making bad investment choices for clients]. Henry Ford never diversified, Bill Gates didn’t diversify. The way to get rich is to put your eggs in one basket, but watch that basket very carefully. And make sure you have the right basket.

Do you think the up cycle for commodities has farther to run?

If history is any guide, we have further to go. The only sector of the world economy where the fundamentals are getting better is commodities. Farmers can’t get loans for fertilizers [which is constraining crop supply]. It takes 10 years to open a new mine. Stocks peaked in October 2007 and commodities kept going up until July 2008.

If the world economy is going to revive, commodities are going to lead it back up. If the world economy is not going to revive, commodities are still the place to be—especially with governments printing so much money. Look at the 1970s. The world economy was in the tank, but commodities did very well. We have supply constraints. Oil production is declining.


How are you investing in commodities?

I use my indexes [he created the Rogers International Commodity Index in 1998] because my lawyers won’t allow me to buy individual commodities because I’m always talking about them in public. Most of my indexed products use futures, Ultimately, you’ll be buying futures, even if you buy an ETF or ETN.

Your favorites are agricultural commodities?

The prices historically are still very depressed, compared with most other commodities. I bought all commodities recently, but I probably bought more agriculture than anything else.

[traderabc] 15/4/2009 16:27

They will probably program it to only 'work' with Monsanto products...


Robot Gardener Plants, Tends and Harvests
Eric Bland, Discovery News

The New Green Thumb | Discovery News Video

April 8, 2009 -- Fruit and veggies without the fuss are the promise of a new robot being developed by scientists at the Massachusetts Institute of Technology. The robot could someday plant, tend and harvest your garden for you.

[traderabc] 15/4/2009 15:24

This should come as no surprise to anyone who has reserched the New World Order agenda...

George Soros calls for a World Currency to replace the Dollar !!!

[traderabc] 15/4/2009 15:10

Continuation of post 254

[traderabc] 15/4/2009 13:13

The 'daddy' of the UK 'Corporations'.

Bank of England, Sterling and Government Treason
Mike Robinson
Apr 14th 2009


Bookmark This

9 Comments
respond
trackback
Many people believe that the Bank of England is a privately owned corporation. Many people believe that it’s owned by the Rothchilds.

Neither of these beliefs is true.

The truth is much worse.

The story of the Bank of England is the story of the British Empire. The British Empire was never a political empire. It was always a monetary financial empire, as much a parasite on the people of Great Britain as the rest of the world. The idea of the Victorian’s British Empire bringing civilisation to the darkest parts of the world is one that needs real reconsideration by many Britons.

The Bank of England was originally set up as a core part of the British Empire - making huge profits from loans to the British East India Company and other tendrils of the Great British parasite. The mainstays of the trading activities of these companies were drugs, warfare and the looting of raw materials from poverty stricken nations.

As the banker to the Government, the Bank also did quite nicely from lending to the Treasury, thank you very much. In those days, the profits of the Bank went into the hands of the shareholders.

In 1844, the Rothschild inspired desire to take complete control of Britain came true with the Bank Charter Act. This gave the Bank of England the monopoly on the production of Sterling, and control of Britain’s money supply. In Northern Ireland and Scotland, where to this day commercial banks are allowed to print their own money, they must have one Bank of England note in reserve for every note of their own that they issue.

1946 brought the “nationalisation” of the Bank. At the end of WWII, Britain was more or less bankrupt, so it was agreed that instead of paying cash for the shares of the Bank, shareholders would receive 3% Treasury stock instead. With the 1946 Bank of England Act, all the Bank shares were transferred into the possession of the Treasury solicitor, and there they are to this day. It remains a corporation, not a government department.

In 1977, the Bank set up a wholly owned subsidiary called BANK OF ENGLAND NOMINEES LIMITED, (BOEN), a private limited company, no. 1307478, with 2 of its 100 £1 shares issued. According to its Memorandum & Articles of Association, its objectives are;-

“To act as Nominee or agent or attorney either solely or jointly with others, for any person or persons, partnership, company, corporation, government, state, organisation, sovereign, province, authority, or public body, or any group or association of them….”

Bank of England Nominees Limited was granted an exemption by Edmund Dell, Secretary of State for Trade, from the disclosure requirements under Section 27(9) of the Companies Act 1976 , because, “it was considered undesirable that the disclosure requirements should apply to certain categories of shareholders.”

Add that to the fact that the Bank of England is protected from prying eyes by its “Royal Charter” status and the Official Secrets Act. What have we got here?

In 1998, the final piece of the puzzle fell into place. In return for fixing the 1997 elections and getting New Labour into power, the Government enacted the 1998 Bank of England Act, which gave the Bank’s Court of Directors complete independence with regard to monetary policy.

So if we add this all together, we have a nationally owned institution which has the monopoly in the production of the national currency, and has independent control of the country’s monetary policy in the hands of a Court of Directors who serve the private banking system as they have since the Bank was established.

Think about it - private banking control of our currency and monetary policy, fully independent of government. When Gordon Brown signed away government oversight of the Bank, he committed Treason on a scale not seen in Britain since the Heath government took us into what would become the EU.

Since 1998 we have seen the Bank rapidly inflate the money supply, while at the same time relaxing regulation on how banks could lend. No longer were banks required to have cash in reserve for loans they made. Instead the vast majority of currency entering the economy did so as a result of commercial banks entering some numbers into a ledger - money out of thin air, literally.

Working for the private bankers, the Bank of England set things up to maximise the returns for their banking colleagues’ speculative activities, in the full knowledge that as a nationalised institution, it would be the UK taxpayer who was carrying all the risk, and not, as would have been the case before 1946, the shareholders.

The Court of Directors is working for the Anglo/Dutch/Saudi empire - the still-alive-and-kicking hidden hand behind the British Empire of the Victorian age. So it’s no surprise that the solution they provide to today’s manufactured monetary financial collapse is to print more money. Their aim is to destroy the last vestiges of British sovereignty; for a hyper-inflated and hyper-devalued Sterling to be replaced by a single, global, currency, under a single world fascist government.

Gordon Brown announced the new financial infrastructure at the G20. He announced the new global currency - to be issued and managed by the newly reinvigorated IMF.

This has to be stopped. It has to be stopped now. We want our country back, before there’s no country left. We want our country back from the parasites that use one square mile of London as their base of operations. Back in a way it hasn’t been for about 250 years. Join is in this fight - come to the next British Constitution Group conference in London on the 13th June, and find out what you can do.

[traderabc] 15/4/2009 13:07

"Glanbia has strong positions in key food markets and sectors around the world and has an ongoing investment programme to expand operations in Ireland, China, Nigeria and the USA."

Corporate social responsibility

"Glanbia has a long history of social and community involvement focused around the four pillars of Community, Environment, Workplace and Marketplace. As the organisation has expanded it has developed a deep reach into communities"




Balt, it certainly sounds like they have ,'developed a deep reach into communities' but not in the way they are claiming. These sort of organisations have only one 'pillar', it is called profit, and it counts above all else.

If farming is going to have a great future, then greedy corporatist who can afford to take losses year after year will attempt to wear out the competition. They will try to engineer very unfavourable conditions on their victims so they can buy up farms, factories, etc for pennies on the pound, put in managers (often the same people who were driven out of the business) and cheap foreign workers.

I'm reading a book called 'The Farm' by Richard Benson. I 'm only 50 pages into it, yet I already know it is the same old story that has been repeated all over the globe for many decades. Where the end result is the smaller operators being driven off the land and the big players taking all.


These 'crisis' situations that come along periodically are engineered with the sole purpose of transferring assets and wealth from the many to the few.

This Glanbia plc sounds a bit like these players.

[049balt] 15/4/2009 11:34

Trader, what Rogers said about farmers is just what I wanted to read on a wet and cold morning here in Ireland, BUT when will we see the price rises in beef and milk?

[traderabc] 14/4/2009 23:03

Newsweek’s Interview With Jim Rogers April 2009

by Admin on April 12, 2009

Via: Newsweek-Marry A Farmer

Jim Rogers explains to NEWSWEEK’s Rana Foroohar why oil is still black gold.

Foroohar: Inflation-adjusted, oil is the same price that it was in 1976, and in 1870. So why are you still a bull?
Rogers: It doesn’t matter. It’s also true that just about any stock you can think about is at or below where it was in the 1970s right now. So what? There are still 15- to 20-year periods when commodities, stocks and any other asset class goes up a great deal. In 1987 stocks collapsed by 40 to 80 percent. But people who were smart enough to stay in them made 1,000 percent returns in the next decade. The point is to take advantage of those periods and make some money.

What’s the fundamental case for commodities right now?
Supply is declining. There’s been 35 years of low investment in production capacity. The last lead smelter in the U.S. was built in 1969! There’s been no major oilfield discovery in 40 years. Oil is in decline. According to the International Energy Agency, oil reserves are declining significantly. At this rate, in 20 years, there will be no oil left. The only people to make money in the next 20 years will make it in commodities. It’s the only asset class where the fundamentals are improving. I mean, look at Citigroup, look at GM. Those fundamentals are not improving.

Do you see commodities as an inflation hedge?
Absolutely. This is only time in history where you’ve got every central bank in the world printing money at the same time. Consumer prices are going to go way up. The public is already getting out of paper money, which is why you’re seeing gold go up.

Does the future growth of China factor into your bullishness?
China is tiny in comparison to the U.S. economy. Anyone who thinks that the commodities story is driven by China needs to do more homework. In the 1970s, everyone was in recession, and you still had declining supply [in oil] and higher prices. Asia wasn’t even in the game then. China was run by Mao. But now, of course, there are those 3 billion people in Asia who are in the game. It’s just another factor.

Are we going to see another food-price spike sometime soon?
Definitely. I think you should move back to Indiana and marry a farmer. There are times in history when the money lenders have been in charge, and we just came through one of those periods. But it wasn’t always that way. Wall Street was a backwater in the ’40s, ’50s, ’60s and ’70s, and it will be again. Farmers are going to be the ones driving Lamborghinis, and the traders are going to have to learn to drive tractors.

What about technological advances? Another green revolution could easily drive prices down …
Sure, there’s always something that will end a bull market. But if you think we’re anywhere near that point now, think again. Even if everyone in the world decided to put a windmill on their head, it’s going to take decades for that to really change things. In the meantime, you’ve got to put your money somewhere. And as we’re already seeing, even the value of cash can be wiped out.

I guess that’s one reason the Chinese are so worried …
Well, if I were running the Chinese central bank, I’d buy oil, wheat and zinc. Which is what folks there are already doing.

How about you? Are you upping your own commodities positions right now?
As a matter of fact, I am. I never sold anything to begin with. And I’m not planning to, either.

[049balt] 14/4/2009 15:31

And Jim Rogers says get into farming!!!



14/04/2009

GLANBIA SUPPLIERS REVOLT AND DEMAND THAT PRODUCERS' SURVIVAL COME BEFORE CORPORATE PROFITS IN 2009


IFA National Dairy Committee Chairman Richard Kennedy today (Tuesday) said Glanbia suppliers were reeling after their Board slashed their milk price to 1983 levels, wiping out their family farm incomes. He said for 2009, the corporate shareholders will have to do without their projected profits of €134m, as there is now a social responsibility on Glanbia Plc to prioritise the viability of their 4,000 farmer suppliers. In 2009, Glanbia must put producers before profits. Mr Kennedy called on Glanbia to immediately reverse the 3.7c/l March price cut.

Tonight in Dungarvan the first of a series of protests will be held, attended by hundreds of farm families, and timed to coincide with Glanbia's advisory meetings. Ahead of tonight's meeting, Waterford IFA Chairman Michael Keane said: "It is no exaggeration to state that Glanbia suppliers are in revolt at the unnecessary and excessive milk price cut decided by the Board for March. Our very viability as committed milk producers is now in question. It is particularly galling to hear that our farmer board members let themselves be intimidated into voting in favour of these draconian cuts, letting down their fellow-milk producers in the worse year for farmers' incomes in decades," he said.

"This punishing 3.7c/l cut is bringing the Glanbia milk price down to 20c/l, the same as was paid in 1983. It is sending to producers a ruthlessly clear message: the best milk processor in the country with €134m profit is putting the Plc shareholders' interests ahead of the livelihoods of the very people who created the business in the first place. This year, there is a social responsibility on Glanbia to prioritise the viability of their 4,000 farmer suppliers and they must set aside their projected profits," he said.

"The most efficient producers would need 27c/l to cover their bare costs of production, to face financial repayments and meet day-to-day family expenses. At 20c/l, Glanbia producers will not alone have any income, but will face average losses of €18,000 this year. This is totally unsustainable," Richard Kennedy said.

"Suppliers are rightly furious. Glanbia must remember that, if viable incomes cannot be made from milk production, the very existence of Glanbia, primarily a milk processing company, will come under threat," he said.

/
"Glanbia Plc must put their producers before profit, and make sure a viable income is returned to suppliers. I call on the Board to reverse the 3.7c/l March price cut immediately. Farmer board members must demand that profit be set aside this year, in the interest of keeping farm families in business to preserve milk supplies, and with them the very existence of the milk processing business," he concluded.

Further protests are planned for Kilkenny tomorrow (Wed) morning, and Portlaoise and Wexford on Thursday.

[rdlaing] 13/4/2009 18:00

Birds of a Feather etc

Probably both Masons at that.

[traderabc] 13/4/2009 17:12

I don't think Rogers warrants being tarred with the same brush as Soros. Rogers saw the light in 1980 and returned to the human race. Soros would never dare mix with real people and travel the world for a decade, they may have a connection from the past with the Quantum fund, but their paths split a long time ago.
Rogers consulted his conscience and became a Ron Paul supporter. Soros backed Obama and became a NWO supporter. One choose the 'light' the other the grinding status quo.

[traderabc] 13/4/2009 16:23

Cheers balt, glad you like it, I do.
I guess we'd have more people posting if I left out the new world order stuff but I firmly believe that information is essential for understanding what is going on in the world. The corpo bankster agenda....

Knowledge is power.

[049balt] 13/4/2009 16:06

trader, great thread, have told some friends who are now avid readers.

[traderabc] 13/4/2009 15:39

In your opinion.

I didn't ignore him almost a decade ago, he impressed me, I believed I had finally found someone in the know, telling the truth, I still believe that.

[rdlaing] 13/4/2009 15:37

Jim Rogers like George Soros is a person to be utterly ignored.

[traderabc] 13/4/2009 15:36

"There is no Overhang left for them to use."

I hope you are right about that and I hope you are wrong about this,

"Jim Rogers like George Soros is just an Illuminati Disinformation Stooge"

[rdlaing] 13/4/2009 15:32

TraderABC,

All Central Banks are limited to 500 Metric Tonnes of Central Bank Sales per Year under the Washington Agreement.

As far as I understand it 403 Mt sale by ECB/IMF to Deutsche Bank, and 35.50 Mt to China completes all Gold Sales by Central Banks for the 2009 Financial Year.

There is no Overhang left for them to use.

Jim Rogers like George Soros is just an Illuminati Disinformation Stooge for the Foolish to listen to (refer Quantum Fund etc).

Remember Sell means Buy and Buy means Sell.

Behind a Tip is a Tap etc.

RDL

[traderabc] 13/4/2009 15:24

George Soros The System has Broken Down Apr 2009

[traderabc] 13/4/2009 15:19

April 13, 2009
The IMF is Selling Its Gold
The IMF is trying to sell its gold. The IMF is one of the largest holders of gold so you’ve got this huge supply overhang.