Gambling With Your Retirement

[cowboy]

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pyriel wrote:

Cowboy, I am beginning to understand where you are coming from but just like what Show me said in his post, no one twisted your family's arm to sign those loan. You mentioned that you remember your dad getting $5 per bushel/barrel (whichever is which) back then.I guess what I am trying to say here is that you can't fault companies that go overseas because they are obligated to make money for their stock holders. The name of the game here is to make money.I'm wondering what would you rather see. Keep and make the goods here in US eventhough there will be a negative cash flow. If that is the way you are looking at on how to run a business, then you will fail.Like what I said awhile ago, we moveour money constantly here in TSP because we do not want them to be in a fund that is currently tanking down.

Additionally, farmers are dime in a dozen now a day. Please don't think that I am putting them down. What I am trying to say here is that what used to take 100 farmers to produced certain amount of crop years ago would only take 10 farmers now to produce them. This is a what we call economics my friend. Farmers upgraded their machinery and made more crops but now we have too much in the market. This is why you are getting a lower price today for the crops your family are making.

Pyriel

:?As for your WW, why did you have to bring up this very heated topics.

Your are very correct! But your missing the point. What I am trying to get across to you is this. The dollar is in a slump because the economy, for the past 3 decades abused agriculture. When the dollar is down thisputs more money into agriculture and gets more money into the rural area in the economy which you people forgot about.It seems to me that the only way you get a low dollar is to start a war. Look at your history. Farmers are only 1% of the voting population but it is the united states largest industry. Wealth is produced there nationally. That is why china may be doing so well as they are producing natural wealth. One thing you forget about farming is this, if a farmer borrows to work his land and the price goes down who does he go to? No one, the government subsidizes him. See your companies can move out the farmer can't, he can also pass on the cost to you the farmer can't. He is where it all starts. This country is going to get worse why, because NAFTA opened free trade if your going to compete with these other countries your wages will go down and you will be a service oriented country. Agriculture is highly leveraged business. A dollar put in the Ag. economy will turn over twice the times as one delivered to a manufacturer. Farmers never got a higher price for their goods it pretty much stayed the same for the past 3 decades. The cost of production went up though. Any other business could not have survived. What I am trying to say is, if you want a strong country you have to have food. The best way to do that is keep it growing here. As soon as you start depending on foreign food your done as you will begin to starve. This is why I think you have a low dollar today and it will continue till were out of Irag or start another one.

 

[Guest]

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The bringing up the NAFTA "Free" Trade Agreement seems to have crossed his wires.

Cowboy there are probably a dozen industries right now that have the same tears in the soup complaints now. The only jobs left for us Gringos in 10-20 years will be service jobs....ahhhh....hmmm...."guest workers".....if you read the South/West U.S. papers you will notice that the Gringos that can not speak Spanish can not get jobs in the cooking, cleaning, construction, etc, etc type jobs because they can not supervise or communicate with their co workers...hmmm.

MT

 

[Guest]

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Hate to say it Cowboy but instead of saying how the countries that benefitted from NAFTA are greatly doing better...and the U.S. guys are doing so badly....maybe it is time to invests in all this knowledge and invest in the companies that you have all this knowledge that have taken off and make some dough...

by the way could you send me the symbols of those companies?

 

[Mike]

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I support free trade - with the lone exception being sensitive military technology (obviously we don't want to be sending over stealth and other things to hostile nations just to make a buck).

The problem is that there are many exceptions to "free trade". In this country alone, you could probably find at least a dozen subsidies being paid out to US companies / individuals to give them some sort of advantage. The two I can think of right off the top of my head are sugar and milk price supports. This is great for the small number of people / companies that produce these things, but it's horrible for the large number of consumers in this country (not to mention companies that require either sugar or milk as inputs for manufacturing something else, such as candy).

I think WW started this thread just to get the men fighting amongst themselves... last one standing gets to go out with her. :shock:

 

[pyriel]

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Mike wrote:

I think WW started this thread just to get the men fighting amongst themselves... last one standing gets to go out with her. :shock:

Hey no fair. You already got the lead on that department... Besides, my wife will kill me.

Pyriel

 

[Mike]

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Hey, I'm just learning through the government's example - if they can rig things, so can I.

It's not my fault I have the advantage of having a decent picture.

I won't even comment on the fatal mistake you made getting married. :l:^

Am I the TSPTalk site's most eligible bachelor? :shock:

 

[cowboy]

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I guess what I am trying to say is the lower dollar is going to be here for a while and to me it is not a crisis. If Bush does change the SS then I will go to a different form of saving and pay tax on it annually becausemaybe when youdraw out the tax will be higher. The low dollar is helping the breadbasket of America heal some hellish wounds. For now I will keep playing the I fund and the S fund until otherwise. I was just trying to show you what I thought led to the low dollar and maybe it is different in your area. As far the Spanish I could care less if they can talk or not.