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Pharos Bulls and philosophy?
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<blockquote data-quote="Brandonm2" data-source="post: 230911" data-attributes="member: 2095"><p>I don't believe that there is an oil OR a grain shortage; I just don't believe that world governments are going to continue subsidizing crop farmers to produce grain for less than $2.45 /bushel indefinitely. U.S. gov is fighting in Iraq and Afghanistan while it is subsidizing roads, sewers, M16s, etc for every podunk town in the nation motivated enough to fill out a grant application, while paying medical bills for every old person, subsidizing all the hospitals and nursing homes, writing out checks to everybody with a bad back or just for being 65 and up, while paying out student loans, medical research grants, grants to buy wildlife habitat, etc etc and they are doing all this by writing new T-bills to everyone in the world, and then paying the interest on all that debt by printing yet more bonds. EVENTUALLY the bills will come due and the govt is going to cut out all the fat.....and I think crop programs will go before Foodstamps, interstate projects, prisons, or the military get cut. I think break even for corn (without govt. assistance and price supports) is around $2.80 and rising fuel and fertilizer costs should push that closer to $3.00</p></blockquote><p></p>
[QUOTE="Brandonm2, post: 230911, member: 2095"] I don't believe that there is an oil OR a grain shortage; I just don't believe that world governments are going to continue subsidizing crop farmers to produce grain for less than $2.45 /bushel indefinitely. U.S. gov is fighting in Iraq and Afghanistan while it is subsidizing roads, sewers, M16s, etc for every podunk town in the nation motivated enough to fill out a grant application, while paying medical bills for every old person, subsidizing all the hospitals and nursing homes, writing out checks to everybody with a bad back or just for being 65 and up, while paying out student loans, medical research grants, grants to buy wildlife habitat, etc etc and they are doing all this by writing new T-bills to everyone in the world, and then paying the interest on all that debt by printing yet more bonds. EVENTUALLY the bills will come due and the govt is going to cut out all the fat.....and I think crop programs will go before Foodstamps, interstate projects, prisons, or the military get cut. I think break even for corn (without govt. assistance and price supports) is around $2.80 and rising fuel and fertilizer costs should push that closer to $3.00 [/QUOTE]
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