Market Bubbles: How Many Boats are We On?

[Guest]

Comment from Moscow analyst Andrey Sizov . . . .

Iowa farmland price hit a new record-high of $26,000/acre ($65.000/ha) To put this into perspective - 1-2 years ago prices were around $10,000/acre....and the best Russian farmland currently is around 30X cheaper.

and russia is a much easier more free place to do business
were being regulated out of existence
russia open for business
we are closing

[JoeyJeremiah]

and russia is a much easier more free place to do business
were being regulated out of existence
russia open for business
we are closing

Isn't Russia constantly putting export tariffs on everything, wouldn't really call that a free market, or even the land of opportunity. Could a Canadian move there, buy farmland and start farming. Genuine question as I have no idea.

[workboots]

Isn't Russia constantly putting export tariffs on everything, wouldn't really call that a free market, or even the land of opportunity. Could a Canadian move there, buy farmland and start farming. Genuine question as I have no idea.

Id give Bill Browder and his Red Notice a skim over if you ponder what investing in Russia is like.

[the big wheel]

Russia a good place to invest? Ya if you’re
Paying Putin a percentage of what you make maybe
But other than that if you make good money
You can bet on disappearing one night.

[foragefarmer]

and russia is a much easier more free place to do business
were being regulated out of existence
russia open for business
we are closing

Come on Case, it's Thanksgiving weekend and you're more than likely going to sit down with all your wonderful family for a meal fit for the Royal's and you think of Russia as a "much easier more free" country?

Had a driver of the trucking company we use, who immigrated from South Africa three years ago and was a farmer, tell me yesterday us Canadian farmers don't know how lucky we are.

We Canadian's living in the wide open country landscape should never forget that.

Enjoy your Thanksgiving meal, I know I will.

[errolanderson]

Could Russia be the new “land of opportunity” ?

Lower costs have propelled Russia while gaining massive influence in global grain markets. Black Sea wheat is now the dominant force.

[the big wheel]

Lower costs have propelled Russia while gaining massive influence in global grain markets. Black Sea wheat is now the dominant force.

But Errol we ve heard that for years. And
It may be a factor for sure but let’s face it
As bad as our system is it’s not where near as
Corrupt as Russia. And that’s what has been
Holding them back. Good land cheap labor yes
But the people watching what you do every
Move has a large effect on what is what.
Obviously the drought here and rhe USA has. Had
A profound effect on prices. We ve been
Conned and screwed over for years here by
The sentiment what we grow doesn’t matter
When it’s the opposite.
Putin is not the favorite person other countries
Like to deal
With.

[the big wheel]

Also reminds me of a conversation with our
Local conservative MP. When asked why a few years back
They destroyed rhe ag programs rhe reply was
Ukraine and Russia will dominate the market anyway
That was quite a while back already. Yes they will dominate
When our govs give up on certain industries. It’s
The way the world works whether people like it
Or not.

[burnt]

If you have the right job, it doesn't matter what happens in the real world:

https://westernstandardonline.com/2021/10/government-bureaucrats-growing-as-job-losses-hit-ordinary-canadians/

"Government bureaucrats growing as job losses hit ordinary Canadians"

"There have been 257,400 government jobs added during the pandemic, including an extra 107,700 “public administration” employees added since February 2020.

There are 256,500 fewer jobs outside of government (private sector plus self-employed) than pre-pandemic.

There were 312,825 federal government employees who received at least one pay raise during the pandemic, according to an access to information request obtained by the CTF."

How soon until the Bastille hears the howl of the masses?

[furrowtickler]

If you have the right job, it doesn't matter what happens in the real world:

https://westernstandardonline.com/2021/10/government-bureaucrats-growing-as-job-losses-hit-ordinary-canadians/

"Government bureaucrats growing as job losses hit ordinary Canadians"

"There have been 257,400 government jobs added during the pandemic, including an extra 107,700 “public administration” employees added since February 2020.

There are 256,500 fewer jobs outside of government (private sector plus self-employed) than pre-pandemic.

There were 312,825 federal government employees who received at least one pay raise during the pandemic, according to an access to information request obtained by the CTF."

How soon until the Bastille hears the howl of the masses?

Zero jobs there that create wealth but is just recirculated money. Great way to collapse a national economy.