Banning Wheat Exports & Impressing the IMF

Stacy Summary: Good morning y’all.  I see that the Greek government is incurring more odious debt on behalf of the Greek population, so let’s place some bets here . . . how many islands will have been sold to various oligarchs and/or private equity and sovereign wealth funds by 2020?   And then, once again, more evidence that warmer temperatures might give Russia more access to resources below the formerly known as Arctic icecap, but is not yet that anticipated positive to their agricultural sector.

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72 Responses to Banning Wheat Exports & Impressing the IMF

  1. Unos
    Hey i tote me UFO link would be posted next ?????
    WTF free energy technology ?????

  2. Am keeping my bale of rice..

  3. @ Max & Stacy
    Do you know the Ramifications of UFO’s here ????
    Free energy technology Human race becomes free everyone becomes Equale
    How do you think they powerin tose UFO’s ?????
    Hic ;-)
    Oh well I will hafta wait again till I get prooved right
    Till nows whatever I,ve been barkin about is commin to be true
    Shakin me head throwin up me hands in ta air and walkin away
    Well I some werk will be back in an hours time or 2

  4. Greece still faces problems despite progress: EU-IMF (AFP) http://tinyurl.com/2aonvoo

    The review is designed to pave the way for a second loan payment of 9.0 billion euros at the beginning of September, following an initial 20 billion euro loan in May. A further 9.0 billion payment is scheduled for December.

    These include the opening up of the energy sector and the cleaning up of debt-ridden state railway company OSE (OSE.V – news) .

    Oh Oh! ….. the Greek population will get hammered the have to deliver there Energy and Railwa companies to the Rubber Barons – Same old story.

    1 Privatization ‘Briberization.’

    2 IMF/World Bank capital market deregulation allows investment capital to flow in and out the “Hot Money” cycle.

    3 Market-Based Pricing, a fancy term for raising prices on food, water and cooking gas

    4 IMF and World Bank call their “poverty reduction strategy”: Free Trade- “The IMF riot.”

    http://www.gregpalast.com/the-globalizer-who-came-in-from-the-cold/

  5. @Stacy — “bury brigades” and the manipulation of the ‘attention markets’…

    http://blogs.alternet.org/oleoleolson/2010/08/05/massive-censorship-of-digg-uncovered/

    If an article gets enough diggs, it leaves the upcoming section and reaches the front page where most users spend their time, and can generate thousands of page views.

    This model also made it very susceptible to external gaming whereby users from certain groups attempt to push their viewpoint or articles to the front page to give them traction. This was evident with the daily spamming of the upcoming Political section with white supremacist material from the British National Party (articles which rarely reached the front page). The inverse of this effect is more devastating however. Bury brigades could effectively remove stories from the upcoming sections by collectively burying them.

  6. Genetically Modified Canola ‘Escapes’ Farm Fields http://www.npr.org/templates/story/story.php?storyId=129010499&ft=1&f=1001

  7. Not such a good idea is it,……..INTERDEPENDENCE !

  8. Brett Gallie

    Morning Max & Stacy,

    Its party time again in London ;)

    Bankers party like its 2007

    http://business.blogs.cnn.com/2010/08/05/bankers-party-like-its-2007/?hpt=C2

    regards
    Brett

  9. Fannie Mae asked the U.S. Treasury Department for another $1.5 billion after the mortgage giant reported a quarterly loss late Thursday.

    The company also predicted home price declines into 2011.

    http://www.marketwatch.com/story/fannie-taps-treasury-again-after-quarterly-loss-2010-08-05

  10. BAN WALMART – SPY RFID on Jeans and Underwear (EPC)

    Walmart implementing RFID chips on Jeans and Underwear Aug 1st “Please Share” http://www.youtube.com/watch?v=fVkrkt_xSoM

  11. Bank Hatred Moment #1,276.

    Australian Banks peddling loans to the poor.

    http://au.biz.yahoo.com/100806/31/2eumb.html

  12. Crumpet Muncher

    How do you destroy 1/3 of cultivatable land by setting it on fire? When I were a lad they used to set fire to all the fields after the harvest to prepare them for next year.

    Over emotional headlines.

  13. “Bank workers and staff are incentivised for pushing credit onto people, basically the more credit that they can sell, the more returns they can get,” he said.

    But the Bankers’ Association has rejected that call, saying it is standard practice to offer commissions across a range of industries.

    Ponzzzzzzzzzzzzzzziiiiiiiiiiiiiiiiii Junkies

  14. @Dedo — (?) Yeah, “social media” gets overhyped IMO for just this reason. These news markets are rigged…

  15. @Tofu – awesome link to the ‘bury brigades’; thanks!

    @Crumpet – um, yeah . . . usually the burning of fields is done AFTER harvest . . . not before: “Wheat and barley have shrivelled, sunflowers have wilted and sugarbeet has barely reached half its normal size.”

  16. Dr. Faber:

    Speaking to CNBC Worldwide Exchange Tuesday in a live interview from Zurich, Faber said: ” They will print and print and print until the final crisis wipes out the entire system.”

    http://www.bi-me.com/main.php?id=47600&t=1&c=35&cg=4&mset=1011

    I’m thinking this characterizes the Yuan more than the Dollar.

  17. I do enjoy reading how it is only the elaborate and secret military schemes operated by a small handful that can alter the climate but never the simple and obvious actions taken by 6.6 billion:

    Moscow’s tabloid press has even speculated that the United States orchestrated the heatwave in order to favour its own grain exporters by blasting Russia with harmful rays from a research station in Alaska.

  18. @FranSix – the yuan is pegged to the dollar, they live and die together

  19. But before people start hoarding sacks of flour (Or Rice Mother) , it might be a good time to review some marketplace fundamentals. According to the USDA, wheat inventories in this country are at a 20-year high. So there’s plenty to draw down, and plenty to sell to markets the Russians are briefly backing out of.

    Yet that certainly hasn’t slowed speculation in wheat futures.

    http://www.marketwatch.com/story/putin-touches-the-heartland-2010-08-05

  20. Hedging Chaos with #Gold – http://bit.ly/bc5lLo

    what if history is not cyclical and slow-moving but arhythmic, at times almost stationary, but also capable of accelerating suddenly, like a sports car? What if collapse does not arrive over a number of centuries but comes suddenly, like a thief in the night… dramas lie ahead as the nasty fiscal arithmetic of imperial decline drives yet another great power over the edge of chaos.- Niall Ferguson, July 28, 2010

  21. @Youri – I’m sure Putin banned exports for domestic political reasons, not for any sound financial reasons

  22. @Youri,…..As you’re aware ,..all these “stories”, are to enforce, in the minds of the public, the need for austerity measures,……
    Same old, same old,……

  23. @stacyherbert

    If I were Putin I would call the export ban and start immediately exporting before prices drop, a La Soros.

  24. @Dedo

    In Europe and for the U.S. States maybe but Wall Street is gonna through money at it (themselves).

    Higher Government Mortgage Fees Approved By Senate http://www.huffingtonpost.com/2010/08/05/higher-government-mortgag_n_671985.html

    Maybe even an An August Surprise from Obama? http://blogs.reuters.com/james-pethokoukis/2010/08/05/an-august-surprise-from-obama/

    Main Street may be about to get its own gigantic bailout. Rumors are running wild from Washington to Wall Street that the Obama administration is about to order government-controlled lenders Fannie Mae and Freddie Mac to forgive a portion of the mortgage debt of millions of Americans who owe more than what their homes are worth.

  25. Kevin / Cryptogon spots some manipulation — NasdaqGS, CSCO:

    “Cisco’s Sub Second Melt Up and Identifying Crop Circles in the High Frequency Market Data”

    http://cryptogon.com/?p=16829

    There’s a lot of room for the machines to iterate inside of one second, and so, for a few fractions of a second last Thursday, all Hell broke loose.

    CSCO, the stock that normally grinds pennies for minutes or hours at a time, gapped violently (almost three bucks) higher as sell side liquidity disappeared. It didn’t just happen once, or twice inside that fateful second. It was the third gap higher that was far enough to trigger the kill switch.

    This was no normal ramp job, with the price moving sharply higher in an orderly way. The sell side liquidity disappeared several levels deep, for some number of cycles, inside this second, and someone’s bot just kept trying to find shares higher and higher, until the exchange pulled the plug.

  26. @Youri – if he really wanted to pull a Soros, he should first take out a massive short position and THEN pull the export ban; that’s the way it’s done in the major leagues of market manipulation

  27. RT, Americans “Abandoning Ship”, renouncing citizenship. Mike Gogulski interviewed.

    http://www.youtube.com/watch?v=yMwsc7d8LTI

    btw, that guy who wrote the article above about Cisco manipulation is an doomer-ish American who moved out to NZ and now lives on a farm:

    http://farmlet.co.nz/

  28. @Stacy,…”if he really wanted to pull a Soros, he should first take out a massive short position and THEN pull the export ban; that’s the way it’s done in the major leagues of market manipulation”

    It’s fascinating how, if you told the person on the street about these shenanigans,..they wouldn’t believe you, unless of course,.. you were on MSM,….

  29. I’m having second thoughts about gold.

    Specifically because of the people who are buying it.
    I think they are playing with the public.

    Same with silver – I think for now it’s under valued and will go up, but not as much as people think.

    I don’t have the historical numbers yet, but I’m getting this feeling more and more we are being played with.

    I think I’d look for the next high sell half, buy some fertile land with a little house bring it up to organic farming standards and rent it out.

    couple of other things, but I’ll stop there and see what people think.

  30. Crumpet Muncher

    @Stacy, but headline says the land is destroyed. I understand up to 1/3 of this year’s harvest has been destroyed, not the land.

    Hysterical headlines to drive up prices I wonder?

  31. @jischinger,.. Consider it a given, that you’re being played !

  32. @jischinger – yes scammers and players are everywhere there is need or desperation; you see it in the case of cancer sufferers who are targeted by snake oil salesmen; and you will see scams flourish in gold as people seek to protect themselves from the currency collapse that the physics of the Minsky moment of exponential global debt growth dictates will happen; re: gold, you see the scams happening in places like that Glen Beck sponsor that cons people into buying numismatic coins, while not worthless are not the protection people think they are buying: http://www.ritholtz.com/blog/2010/07/glenn-beck-goldline/

  33. Re: secret military scheme, Moscow tabloid press.

    If you can’t blame religion or if you don’t want to acknowledge that the God you happen to believe in allowed such a fire to happen, then United States and it’s mysterious secret weapon of heatwave is a good focus point for the frustration and anger. Also it takes away some of the heat from Russia’s own government, no pun intended.

    PS: It’s not only the price of wheat, grain that is going to rise, the ones of you who drink beer (I don’t) should think about buying a larger quantum next time.

  34. @Youri Carma

    Every American should be given a house.

    Have a lottery.charge people 33% of their income plus upkeep at 3% interest 30 year fixed. Open banks like the ND state bank.

    Further, the Big Wall Street Banks contribute nothing to a better society. All they do is hord money, raise fees, pick up deals, sit on them in order to keep everyone in a panic?

    I don’t know why conservatives think we are still living in 1776. They seem to want all the perks of the modern world and not share in any of the built up back breaking wealth they didn’t even contribute to.

    They talk about the past like it’s some great thing, that we should all go back to the good old days, but they don’t want to leave the technology and people that keep them alive longer as they continue to take for granted the glories of indoor plumbing.

    If they were out digging a hole or milking a cow, roughin it, I’d say alright, bitch away, but most are a bunch of pencil pushers or gamblers and they call that working for a living?

    I don’t know….
    Maybe some guy who imports widgets from China can prove me wrong.

    it’s earlylate

  35. @Stacy,….If you’re so concerned about climate change and it’s effects on life,…. how come you’ve never once discussed the chemicals that are being sprayed in our atmosphere ?

    And even if it is all conspiracy think,…why is it never brought to the publics attention to look up at the sky, and see how con’ trails/fuel exhaust (ah hum) have changed over the years?

    To discuss a noticeable change in our surroundings should be discussed, no matter your persuasion,…..don’t you think?

  36. @stacy isn’t that what it comes down to and why the US is falling apart – a lack of trust.

    Who do you trust?

    What we need is to establish a national trust indicator to see how well we are doing as a society or civilization.

    Currently, I ‘d say the US trust indicator is at an all time low and fear is at an all time high. Course few want to admit they are afraid, especially those who fear a bunch of nomad cave dwellers in Afghanistan.

    Perhaps it’s all a forgotten curse, these are certainly interesting times.

  37. I can’t comprehend these kinds of temperature occurring in Russia, and smoke haze in the cities. I’m used to it here in Sydney but it never entered my mind it could happen there.

  38. The notion that food is “cheap” is now proven to be wrong. Very wrong, at least, for Americans. And finally, as the food stamp subsidy is distributed each month to 40 million Americans, there is little doubt that this merely offsets other basic running costs for utilities and petrol. Every household that takes them is surely struggling also with their electric, natural gas, and gasoline bills. In other words, food stamps are really Food and Energy stamps.
    http://gregor.us/oil/eating-gasoline-in-america/

  39. @dedo I think the game is rigged, but I also think that’s come about due to a lack of interest which is probably caused by poor upbringing.

    What else could it be?

    I still can’t get over the fact that Bush got away with the 2000 election, Iraq a very long list of other violations and to this day has suffered no consequences, and to add insult to injury Obama walks in and picks up right where he left off.

    It’s astounding. And all the media care to do is continue to divide us.

  40. @Dedo – I’m not at all concerned about climate change or any possible effects on life; I’m interested in the science of climate change and its possible effect on life (including prices and markets) just as I am interested in the science of astronomy or astrophysics or particle physics, none of which is set in stone, all of which has loads of intriguing flaws and unanswered questions and are still in the discovery phase and are perhaps impossible to ever arrive at a complete and definite understanding of such complex systems . . . but that just makes it more fascinating to me

  41. Marc Authier

    Can’t do anything when it comes to SOLAR ACTIVITY. The warmers don’t mention that solar activity has been recently particularly active. Massive forest fires are not that unusual. Most trees in nordic Québec, Canada and Russia need regular forest fires to dissimenate their seeds. The pine cones only open under intense fire. You are extrapolating. The real cause is more probably that the Russians have established agricultural land to close of the forest and infringed a litte too much on the forest.

  42. Marc Authier

    @Geek Boy Revenge

    Modern agriculture Monsanto style is UNSUSTAINABLE indeed. It’s based on massive uses of hydrocarbons. As the stuff in the ground runs out, the price of food will explode and people will starve to death. There is another solution here.

    Agriculture will eventually use much more human labor and less mechanization and chemcals. Enventually agriculture will again become much more important sector than let’s say military sector or high tech sector. If you look at the investment in agriculture the last 30 years, the sector was completely abandoned and taken for granted. Less of godamn satanic parasitic Pentagon and more agriculture.

  43. @ stacy
    I am interested in the science of astronomy or astrophysics or particle physics, none of which is set in stone, all of which has loads of intriguing flaws and unanswered questions and are still in the discovery phase and are perhaps impossible to

    Oks here goes
    We live on a hollow planet I am as of now searchin for Mythical storys where there is presense of an Underground City
    I have been lazy of late but
    When I anayize I start to search for Mythical storys of all religions
    then I draw me conclusions
    I find that neary all religions have the same basic story with a few extras here and there.
    Mythical storys somewhat have shreds of truth in them IMO
    When I first went down tis road 3 years back
    I started with the Mahabharata
    I took the premise “What if they could fly 2000 years back ????”
    If they could then we also hafta take the fact that they knew the Earth was round
    And that the Mahabharat was not a war fought just in India it was fought world wide
    ie. me famous Ancient Nuke War theory.
    the survivours were peeps in far flung places not the citys
    so the survivours were probably Islands high enough to survive tsunamis
    and were also not very educated
    they woulda chronicaled as much as they could with little understandin of technologys
    lolololololol
    ROFL
    Hic ;-)

  44. @Bonn – and what about the law of universal gravitation?

  45. @ stacyherbert
    Hmmm Errrr accordin to some sources Gravity doesnt werk ta way Newton said it did
    So tear is an inner city which means its upside down below our surface
    the gravity is supposedly less there
    Also Miss Stacy how does one explain that gravity is different @ different places
    Tear is a roumer that if you go deep into the earth yer Weight reduces
    that would in effect mean Newton was/is wrong
    http://www.geekosystem.com/hd-gravity-map-earth/
    http://www.dailymail.co.uk/sciencetech/article-1290808/Earths-gravity-field-revealed-extraordinary-map-time.html

    Anyways I knows Stacys you blindly believe all what the Govt.s tell yas right
    lololololololol
    ROFL
    Hic ;-)

  46. “I did not have Sexual relationship with that Woman” Hmmmmm errrrr who said tat nows aaahh Bill Clinton
    lolololol
    ROFL
    Hic ;-)

  47. hey weren’t the russians talking about a snowfree winter in moscow this past winter, via geoenginerring? maybe they don’t have the weather modification as dialed as they thought? don’t need to worry bout no stinkin snow for awhile.

  48. @stacy It’s true. There has been a noticeable increase of gold dealers and advertising in the area within recent years. Hard to tell how honest and legitimate they are by seeing their advertising campaigns.

  49. microhousehold

    @Bonn

    Today/Yesterday it is 65 years ago since the Enola Gay went out to bomb
    Hiroshima.

    Good day to do some research on the Ancient Nuke War theory

  50. microhousehold

    Sorry I am off topic.

    Anyone seen the rt news of the fire getting near a nuclear facility?
    The official note is: don’t panic, it is all under control.

  51. I guess those people with the question: “whats climate change got to do with
    finance?”

    are having their answers via Russia heatwave and Pakistan floods

    Much more to come

    watch the sun and oil

  52. microhousehold – links if you could?

  53. @ Stacy
    also would it be possible fer RT or OTE to do an interview wit an Astro physist or even just a column here
    I sent mails to michio kaku a Nasa scientest with all me links lolololololol
    have’nt got a response
    But we could ask him what are the odds a perfect Solar Eclipse is natural
    ta Moon thang still perturbs me
    I am no great mathematician but a perfect Solar eclipse has gotta be one in a gazzilion chances tats normal/natural
    lol
    ROFL
    Hic ;-)

  54. @ flicks
    here are the Links http://www.google.com :-)
    lolololol
    ROFL just kiddin
    http://www.google.co.in/search?hl=en&q=Ancient+Nuke+war&meta=&aq=o&aqi=&aql=&oq=&gs_rfai=
    I have not followed up cause I know its true
    Hic ;-)

  55. Capitalism continues its stoppable and destruction of all that it touches.

  56. @Gordo – capitalism. . . or perhaps rather corporatism!

  57. richard@lattitude30N

    @Sherbert: just thinking….didn’t the poppy crop in Afghanisatan decrease by 25% after a mold was introduced???? can this be a retaliation??? just thinking…what about insider trading in options and wheat futures???

  58. richard@lattitude30N

    @Bonn: love your notion about underground cities..the 13th Imam is said to live in a cave and when ‘he’ emerges then the armegeddon will arrive…also David Icke has a new book out about the moon being a hologram or some such thing…maybe the both of you are living at a level that most find way above their pay grade..maybe the ancient nuke war you talk about was a solar burst like the one we are experiencing today???? just a thought

  59. @ richard@lattitude30N
    Aaah someone caught the bait but hmmm errrrr oks you got a point there it could be solar flares to which I respond tis
    Now tell mees what are the odds that this map of astroid attacks ie the pattern is normal ?? again we talkin probability
    http://deathby1000papercuts.com/wp-content/uploads/2008/07/crater_map_22.jpg

    Does’nt that pattern look odd ???
    Also the Cancer map of the world well it follows the same pattern
    but thats besides the point even an astroid attac would cause cancer

    But I do have a problem with tis pattern
    Its not natural IMO again one in a gazzilion chances this is natural
    they have missed large parts of Afrika and asia
    the concentration looks wierd in EU USA and Austrailya
    ROFL
    Hic ;-)

  60. But we could ask him what are the odds a perfect Solar Eclipse is natural
    ta Moon thang still perturbs me I am no great mathematician but a perfect Solar eclipse has gotta be one in a gazzilion chances tats normal/natural
    Bonn

    Good catch! In fact, the Earth having a moon at all is very unlikely. Life is one amazing coincidence after another. In fact, life is so unlikely that scientists have been forced to postulate an INFINITE number of universes to overcome the odds. The only hitch is we will never be able to detect those other universes.

  61. julian nawrath

    Stacy,

    Regarding what you said here: “more evidence that warmer temperatures might give Russia more access to resources below the formerly known as Arctic icecap”

    I think you should have a serious talk to Michael Ruppert or at least take a look at his dvd called “Collapse”.

    And respect “global warming”…why not follow Richard Lindzen or Dr John R Christy who has been in congress giving his very serious and sound testimony about what is really going on.

    Cheers

    Julian

  62. Scientists are still trying to figure out Life’s Origin. Did you think they had it all figured out before rashly teaching school children that it was an accident?

    Secret of Life on Earth May Be as Simple as What Happens Between the Sheets — Mica Sheets, That Is

  63. I’m with Crumpet Muncher. How was 1/3 of cultivatable land destroyed? Was it salted? Glassed or irradiated by nuclear weapons? What?

  64. William of the North

    Arctic Sea ice extent

    http://nsidc.org/arcticseaicenews/

    It’s still up here.

  65. The story on Russian grain exports is why globalisation was always a bad idea.
    Goups of people need to be self sufficent in life suporting needs. The size of that self supporting group is a question for them to decide. But to think one group of people physically isolated from another group is going to show concern for others when they themselves are hungry is to ignore basic human instincts. Anywhy it has always been stratagy when trying to enslave people to make them dependent on external essentials.
    Weapons of mass desruction is the only threat that would make people part with the basics necesities of life. Can you see a pattern?

  66. Marc Authier

    @Alan
    AMEN ! You can sell some surplus, you can trade, but never never specialize. NEVER ! Globalization is nice in theory and on paper. But when it comes to food production and agriculture, it’s not.