For investment purposes he was spot on. You may(may not) be surpised to learn how little land a family of four actually needs to sustain themselves. 5-10 acres does the trick. Forget cattle. Lots of chickens and vegetables will suffice. An acre of corn to feed them and the rest veggies and wheat. And a few long arms and rounds to keep the riff raff away of course.
good on you mate. We still have lot's of Texas land in the family. Most of it Oil producing ...not so much crops. But I've read Jim often and regular. I remember when Natty Gas was $2.30 and he was screaming buy buy buy... dude is tight
Just posted this on a new thread. Jimmy Rogers http://www.cnbc.com/id/23588079 I've been saying for years.......get a farm. But even that eventually.... well...... I'm reading an article now about ..... "TRANSYLVANIA" .....no Vlad jokes please. Anyway...... this little country is filled with Mom & Pop farms. Most of the farms subsist by selling their goat & sheep milk. And what's happening to them ? The EU now says that they can't continue to market their products..... unless they buy "Milking Machines"....which they can't afford. And...... they can't now transport their sheep - unless they have a "Sheep Transportation License" ....... which they can't afford. It can't happen here ! ....... It can't happen here. .
Some very good points you bring up here. First off. Your right I said Bernake. I should have reworded that for Bernake and Bush are merely puppets just doing what they are told. I lump Beranke and the fed, Bush and the administration and all of there clans together. They are all in bed together. Also I need to throw Greenspan in there as well cuz this problem didnt happen overnight. The rich get richer and the poor get more poor and the middle class becomes poor. In a way you can definitly blame a lot of average Americans for voting in Bush. Not once, but twice!!! You Said!! When Bush appointee Treasury Secretary Paulson said over the weekend in an interview that the Administration has always been an advocate of a STRONG DOLLAR policy, I wanted to spit in his face. That above statement is just so sick. How could he keep a straight face. Thats just down right disgusting. Nothing further from the truth. IDIOTS. You are very right when you say I do not have a full understanding. I think I understand some things but not everything. In regards to the banks being bailed out. This is what I think is happening, but I am not sure exactly so feel free to shed more light on this if I get it wrong. Hopefully I am not far from the truth. These banks will be able to borrow money at no interest or very little interest. Supposedly they are going to have to pay the money back. Well my guess is they will not be able to pay the money back or at least far from the full amount. And then the fed will just right off those loans so the Banks don't have to pay them back , or make the bank pay a small % of it back. What should the Fed do???? Good question. Interest rates should be higher, however I understand that you cannot go jack up the rate overnight. First thing they have to do is stop lowering rates so much. At the next meeting if they actually think that not lowering at all will make the markets go into a freefall then that is not the answer. They need to lower by .5% max. They should have never cut so much so close together a month or two ago. After this cut they cannot cut anymore. Its very difficult cuz if they say we dont need to cut, everything is ok, then they are blatently lying to everyone. They need to tell people its going to get a little bit worse before it gets better. ( Even though its going to get a lot worse ) They need to word it that way so they dont create panic. And stop PRINTING SO MUCH MONEY. Unless its an emergency. There needs to be pain in the stock market and the real estate market before things will get better. Much more pain. Also get out of Iraq and stop spending zillions there. You are so right. This has been going on for years and there is no quick fix. Pain is inevitable. However it should not be transferred from those responsible to the Middle Class!!!
Umm I don't understand??? Whats seems to be the problem??? ROFLMFAO That is sick. So sick. So so sick.
This is sick, ... Right... We made it sick,.. and if we dont find a medicine, we get sicker.. Please watch this 20 minute clip; it's definitely worth the time. http://www.storyofstuff.com/