Too much debt, poor capital allocation decisions (McMansions, expensive leased cars, spending to “keep up with the Jones’) and declining disposable income. It’s hitting the general middle class in America similarly to the way in which it is hitting the American family farmer.
The Wall Street Journal posted an article titled, “The Next American Farm Bust Is Upon Us” earlier this past week. The bubble in farm land, just like the general real estate bubble, was precipitated by the Fed’s money printing and general easy money policies. The cover story was that the policy was directed at stimulating economic activity. But the actual result varies, with banks, corporations and ultra-wealth elitists benefiting to the detriment of the rest of the country.
A friend and colleague of mine who happens to be a wheat farmer shared with me his real life experience with trying to compete against the Monsanto-driven corporate farms in this country. He’s working to move the production of his farm from wheat to industrial hemp to make into things like THC products (although it’s best to check the legal status from state to state of these sorts of things) but will need legislative help in his State to accomplish this:
Where some farmers get in trouble is spending too much for new equipment, and/or not fertilizing enough (or at all)… and/or not being good farmers in general.
For farmers carrying a high debt load, it’s challenging right now. Prices for wheat and corn will rebound eventually, but I’m not sure these grains are the best crops for farmers to grow going forward.
Russia is the world’s largest exporter of wheat, with Canada and the US tied for #2. Russia is also increasing its corn production (non-GMO) to be competitive with American farmers. Although demand for wheat and corn will never go away, these reasons are why I’m bearish on grain farming… and bullish on industrial hemp.
That’s why I’m cautiously optimistic about the industrial hemp bill becoming law in my state this year (fingers crossed). It will of course mean that the equipment used for it, like a commercial freeze dryer as well as other machinery, will be on the rise too as farmers get what they need to make their harvest. After that, I can put my farming knowledge and resources into getting my hemp farm going. I already know more about flower fertilizer, growing help and equipment needed as I continue to research the subject, but it all falls on whether or not this bill passes.
Make no mistake, the plight of the farmer parallels that of the general middle class. While some portion of the middle class is doing the proverbial celebratory end zone dance right now over the few thousands in paper profits they are making in the greatest stock bubble in U.S. history. Most if not all of them will hang around too long and watch paper profits turn into paper losses when this historic equity bubble pops.
Meanwhile the Establishment elitists are coming out of the woodwork and warning the proletariat to take their profits out of the market and run, like these comments from James Tisch, CEO of Loews Corp, Tisch family scion, member of the Council on Foreign Relations and former director of the NY Fed. In reference to the average retail investor.
In addition to Tisch, several other Establishment elitists have issued warnings, including Bill Gross, Larry Fink, Ray Dalio, George Soros and Sam Zell. As my good friend and colleague, John Titus of Best Evidence Videos has said presciently:
One of the rules by which the elite aristocrats abide is they consider it rude to not issue a warning before they do something bad to us. They’re like criminals with manners. In other words, it’s gauche to flush the toilet while the serfs are taking a shower without giving a “heads up.”
Dave, what has happened to your bi-weekly chats with Rory?
As a dyslexic, and needless to say, I always like to listen to your chats, because I can easily keep abreast of what’s going on.
I guess that’s a no huh.
There is no bubble in farmland. What your seeing is massive inflation perhaps the start of hyperinflation. Farm land owners are smart and most right now wouldn’t sell for any price.i am one and I wouldn’t trade my land for almost any amount of fan’s. Where else you gonna help your wealth right now.
The attack of the big G spot!
If you run a site that deals in real news, real stuff, conspiracy investigation, anti-globalist agenda, space aliens, out of place artifacts, milab (military abductions), gold, silver, bitcoin, alternative views on physics or chemistry, then you need to be monitoring your social media trends as the big G spot, and the equivalent masters of social over at Facebook, have decided to scrub the annoyance out of their lives, and that means you.
Among others.
This is where we have power; we out number the bastards. Yes, they have digital power, and lots of computing power, but we own the language that is their main source of tools to enslave us.
Another source of power is that computer software is dumb. Really really dumb. Ain’t no such thing as AI, or machine learning….it is all just very very very fast idiots able to do some maths. But computers do not understand any of the following: words, context, connotations, denotation, grammar, slang. Thus we own their algo’s, should we decide to use that power.
https://www.youtube.com/watch?v=rzYEjhU73ow