“Agriculture’s been a horrible business for 30 years. For decades the money shufflers, the paper shufflers, have been the captains of the universe. That is now changing.
The people who produce real things [will be on top]. You’re going to see stockbrokers driving taxis.
The smart ones will learn to drive tractors, because they’ll be working for the farmers. It’s going to be the 29-year-old farmers who have the Lamborghinis. So you should find yourself a nice farmer and hook up with him or her, because that’s where the money’s going to be in the next couple of decades.”
~ Jim Rogers
He’s full of beans. Farmers won’t be driving high-end sports cars–the commodities brokers will be. It makes for good headlines though.
To GeoMark: Read Machiavelli.
Brian, the key issue – as in a chokepoint – is a control issue. If you can produce a product or service that competes with the status quo then you need to either be limited or at least controlled, as in a controlled-opposition. Can’t have people refrigerating their own food now can we. Oooops, they let that technology get away from them. 😉
There’s NAIS – National Animal Identification System – as the feds are trying to control the food supply by mandating NAIS. Many people are against this. See http://nonais.org/
And of course, there’s the problem of GMO’s. Some of the GMO foods contain spermicide. See Joel Salatin’s comments.
A general comment on leadership:
— Those who resort to slander, innuendo, or trickery, are
not fit for public political debate, much less leadership.
Thank God I already own a tractor, raise chickens and hogs and thinking about beef and sheep.
I am getting prepared.
James:
Check out Rob Kirby’s writings on derivatives. More later,
Catherine
Catherine,
I was planning on putting that quote on my blog,
you beat me to it!
Can you give some info on the derivatives bubble?
I have seen Newsweek say in OCt of last year that
it now stands at $600 TRILLION.
Are not Americans 401k’s, pensions, and bonds tied
into this?
Why do you think the media has been so eerily silent
on it the past several months?
Are you worried about them, do you recommend keeping
an eye on this and if so what media sources?
Thanks much.
Mr. Roger’s recent comments in the March 9th Business Week provide a perspective on our national political leadership as well. It’s not encouraging and this leads us back to locally developing our economy.
Thanks for spotting his wisdom,
Brad