Financials... we aint seen nothing yet...

[TOM4CWB]

C.P. and Charlie;

I watched Bloomberg 'Asia Confidential' with Berne Lo last night.

Paul Shulte, managing director of Nomura International was the principal guest.

Without challenge... he stated the total global capitalization of our financial institutions... is about $1.4T

The total bad financials... is about $3.5T.

We need to write off over $2T just to have the financial sector break even.

The Western Europeans are in the worst mess... followed by eastern Europe... then the US.

Paul kept saying over and over people don't trust the EURO.

Paul stated there must be monetization of debt. The money supply has decreased... NOT increased in the US. Shulte stated there has not been the confidence in the US to begin to expand money supply. US banks are finished. Wall Street Financiers are finished... nothing left of financial assets.

Know WHO you are dealing with... when you contract produce. CASH is KING.

[cottonpicken]

http://www.pagetutor.com/trillion/index.html

[cottonpicken]

http://custom.marketwatch.com/custom/earthlink-net/mw-news.asp?guid={024DB809-8506-4AA9-83BB-B053FD4E1C11}

[cottonpicken]

Scared yet?

[SASKFARMER3]

To young to remember the Big one. Fathers was around then but really young.
Some of these so called Giants in Business could bounce checks.
Clean up debt get ready.
Why is every one so gung ho for Joe farmers to pre purchase his inputs and pay?
Their worried I bet that's the answer.

[cottonpicken]

http://debtclock.ca/?gclid=CJC3htDjmJkCFQo9gwodcTTjZw

[cottonpicken]

http://zfacts.com/p/461.html

[cottonpicken]

http://www.numismaster.com/ta/numis/Article.jsp?ad=article&ArticleId=6302

[cottonpicken]

The most important thing to remember.

ITS NO ONE ELSES LIABILITY

[vvalk]

Question then. If things are going to get worse or even bad beyond anything we are thinking of, then are all you guys selling your entire 2009 crop?