Market Talk – October 9, 2024
ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 increased 340.42 points or 0.87% to 39,277.96 • Shanghai decreased 230.92 points or -6.62% to 3,258.86 [...]
Government Ordering Agriculture Be Removed From Commodity Indexes
I am in Europe ahead of the May elections as the crisis begins to build. It appears that the powers that be may be talking about Global Warming to justify more taxes, but behind the curtain, these freezing winters are having their impact. The potato crop in Germany has hit a historic low due to the severe summer drought. The yield is down 25-30% and it may be worse after processing. As a result, seed potatoes are not sufficiently available and it is now expected that this will reduce the 2020 crop as well.
The indexes put out by the banks on commodities were told to remove agricultural products from their indexes. The belief is if we do not pay attention, then nobody will notice the rise in prices. There are clearly concerns that food prices are going to rise.
Latest Posts
Biden Wants Banks to Report All Transaction over $600
The Biden Administration is pushing banks to report every $600 transaction, whether a deposit or withdrawal, from every business or personal account. The Democrats want everything, and no matter how [...]
Medvedev’s Warns Are Not Taken Seriously by the West
Former Russian President Dmitry Medvedev has called for Russia to adopt a more aggressive stance against the West in light of the ongoing war in Ukraine. Medvedev has previously threatened [...]
North Korea & War By 2025
North Korea has threatened to use nuclear weapons if the US threatens its sovereignty. South Korea does not possess nuclear weapons but is protected by the United States, with thousands [...]
