Looking for blame in the financial crisis?

[jensend]

maybe they can give tom an evangelical blog.

[chaffmeister]

AS - Thanks for posting a great article.

CP - note that the comment about 3% return on investments was part of his description of the 40's and 50's. Also, its 3% REAL RETURN - which means AFTER inflation. So don't be too harsh on him.


Grainbeetle - thrift culture = fiscal prudence. Watch every dime. That means not only spend carefully, but earn carefully too. That's the mindset we've lost.

I'm going to guess that even members of the Borg spend carefully but they seem to be a deer in the headlights when it comes to earning carefully, gladly passing the responsibility to the CWB.

It's your responsibility to yourself and to your family to do everything you can to squeeze every last penny out of every last bushel you produce, and to protect you assets (money) like a junk yard dog. These are the thrift maxims the article is talking about - the ones our society has forgotten.

Time and time again, you and others in the Borg have been shown that the CWB does not add value - most recently Fran posted some numbers showing the CWB performance is over a BILLION behind the average. Are you happy with less than average? Don't you think you could get average prices on your own? We're not talking top dollar here. Just average!

How would you react If you were forced to have someone else manage your investments (RSPs, etc) and they went sour? What if they didn't even keep pace with the TSX index? Not a rhetorical question. Really - how would you react?

How can you have the responsibility to manage your family's financial affairs, yet by law you're not allowed the authority to do it to the best of your ability in your chosen field of endeavor? And don't say "if you don't like it, don't grow wheat" because the impact is pervasive, effecting everything, every crop.

It's your grain, your business, your family. If you want help, its up to you to go get it. If that "help" fails you, then give it the boot.

And perhaps most importantly, if that "help" fails (which it has), who the hell are you to tell me I must continue my relationship with that "help"? It's not your responsibility - it's mine.

[AdamSmith]

AdamS: How is your posted article differ from your own desire of wanting the highest US (subidized) spot wheat price ?

You too are a victim of the Gimmie generation without realization.

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

beetle, the reason I posted this article was twofold, it seems to me that there are a thousand experts telling us a thousand different reasons why this financial crisis has occured and much of that analysis does contain elements of truth, but not until I read this article and the plain and simple way the writer articulated his point, had I read much about the root causes.

All along my gut was telling me the same thing Mr. Bliss is saying.

The other reason was because it does indirectly tie into the cwb system debate.

But how you can equate me wanting to sell my wheat into the US to people buying houses they have no hope of ever paying for is flawed to the point of being loopy.

As others have said here, I am wanting to freely sell(not buy)that which I already own. I'm not looking for any special favours, just the ability to negotiate the best deal possible for my grain. On my terms and on my timelines.

And the price today in the US northern tier is not subsidized, and if there were subsidies they would be in the form of LDP payments which I as a Canadian would not qualify for. The rules also prevent Canadian wheat from being exported so if there were export subsidies my Canadian wheat could not be subsidized. This is why an end use certificate is required to sell wheat into the US.

grainbeetle Canadian wheat is sold into the US everyday just like Canola and Oats and Sunflowers, nobody sits around and points fingers at a farmer who sells Oats into the US.

beetle, your comment shows that that you clearly don't grasp "Greed".

Greed is not always wanting more,

Greed is always wanting more than what it is worth.

I just want for my wheat what it is worth. I just want to get the full potential out of my farm. That is not greedy.

Having a target yield of 4o bpa of canola and applying 100 lbs of N is NOT GREEDY.

Being upset with your neigbour who did get 40 bpa of canola when you only got 22 bpa of canola and when you only put down 40 lbs of N;

IS GREEDY

do you see the difference?

[AdamSmith]

Speaking of greed;

was watching Mike Duffy yesterday and the Libs and dippers were making a huge tadoo about "the arts"

So here's Justin Trudeau slamming Harper for not caring about the "Arts"
because he cut or is going to cut 45m from some program for Canadaian artist.

he goes on to say that the "Arts" industry is an $85 billion a year industry and employs over 1 million Cdns.

And here's old lovably Duff just nodding away and I'm thinking if this industry is so huge why are these people going snake over 45 mill?

These people are saying their world is going to come to an end because Mr. Harper cut .0005% of their revenue.

Then they bring on this young musician who when duff did challenge him on the numbers he says, get this, "I really don't know much about the numbers"

I wanted to reach through my TV and slap the guy.

This is greed, expecting others, ie the taxpayers to foot the bill for something these people can clearly afford to do themselves.

by the way I sincerely doubt the "Arts" industry employs 1 million Canadians and is an $85B a year industry.

Just when I thought we had Trudeau buried into history his gene pool still exists ready to ramp up the destruction of the Canadian economy.

[cottonpicken]

HAHA!!!!

30 day treasuries just went into negative yield territory!

Just wait till those sheep see what the inflation boogey man looks like.

Gold will become the most googled item on the planet.

[TOM4CWB]

C.P. and Jensend...

The CWB 'single desk' theology is pure religious fervour...

The legalistic Pharisaical application of CWB fanaticism is hard to miss... for a normal sound minded adult!

I had hoped you would be able to open your eyes and understand the analogy... sorry for the unrealistic expectation.