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US Treasury needs more printing presses if

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US Treasury needs more printing presses if Empty US Treasury needs more printing presses if

Post by SamCogar Tue Apr 29, 2008 6:03 am

they expect to print enough money for people to buy things.

Or, I guess it will be simpler to re-issue the $500, $1,000 and $10,000 notes/bills as Legal Tender. Very Happy Very Happy Very Happy

(exerts from a 3 page article)

At Stephen Fleishman's busy Bethesda shop, the era of the 95-cent bagel is coming to an end.

Breaking the dollar barrier "scares me," said the Bronx-born owner of Bethesda Bagels. But with 100-pound bags of North Dakota flour now above $50 -- more than double what they were a few months ago -- he sees no alternative to a hefty increase in the price of his signature product, a bagel made by hand in the back of the store.

"I've never seen anything like this in 20 years," he said. "It's a nightmare."

===============
In the 1980s, more than half the farm's acres were wheat. This year only one in 10 will be, and 40 percent will go to soybeans. Braaten and other farmers are considering investing in a $180 million plant to turn the beans into animal feed and cooking oil, both now in strong demand in China. And to stress his hopes for ethanol, his business card shows a sketch of a fuel pump.

==================
U.S. farmers are expected to plant about 64 million acres of wheat this year, down from a high of 88 million in 1981. In Kansas, wheat acreage has declined by a third since the mid-1980s, and nationwide, there is now less wheat in grain bins than at any time since World War II -- only about enough to supply the world for four days. This occurs as developing countries with some of the poorest populations are rapidly increasing their wheat imports.

==============

U.S. wheat yields per acre have increased little in two decades, partly because commercial seed companies have all but abandoned investments in improved varieties, preferring to focus on the more profitable corn and soybeans. Subtle warming changes in the climate and the recent availability of new plant varieties that thrive in cold, dry conditions have pushed the corn belt north and west.

In 1996, Congress gave a strong nudge to these changes by passing legislation allowing wheat growers for the first time to switch to other crops and still collect government subsidies. The result is that farmers received federal wheat payments last year on 15 million acres more than were planted.

http://www.msnbc.msn.com/id/24361263/

Well now “DUH”, the Feds have been paying those farmers to plant wheat.

Then the Feds started paying those farmers if they use to plant wheat.

Now the Feds are paying the ethanol producers to “buy corn” to produce their ethanol,

and the farmers who are being paid by the Feds “not to plant wheat” ……… are planting corn and selling it to the ethanol producers for the BIG BUCKS that the Feds gave them to purchase it with.

And I betcha a few of you have been thinking that …….. Government can not create a thriving economy.

HA, now that ought to prove that any fears of a recession/depression that you might have had …… are truly unfounded.

cheers

And ps: Yesterday, gasoline in Burnsville jumped to $3.75/gal., ...... and $3.79/gal. at Flatwoods.

.

SamCogar

Number of posts : 6238
Location : Burnsville, WV
Registration date : 2007-12-28

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