"Russia and Brazil crumble as commodity prices crash

Published: October 8, 2008, 10:21 am

Found this article via SteveQuayle.com, the Q Factor story of the day. Below is one profound comment following the article which mirrors how the socialist press projects its attitude as if mirroring the mindset of all of America to the world.

In answer to the 'world seeing us in disfavor' we can congratulate our press on a hatchet job well done.

_______________

Comment by "Nathan Redshield

on October 08, 2008

at 12:24 AM

"...... The American People WANT A DEPRESSION. They want everyone to be equally poor (as they did in the 1930's) and Roosevelt's New Deal was an exercise in Demagogery and keeping everyone down (herd them into labor unions that are basically just like gangs of slaves led by their overseers, etc.) which achieved that end.
The markets are discounting an Obama victory and a massive Democrat takeover. As long as everyone is kept equally poor the Democrats will stay in power.
Actually, I have a hunch that the last 2 days' US drop is foreigners liquidating US holdings for urgent need elsewhere. This is more and more like a 19th-century panic than a modern Depression. ....."

_________________

"Russia and Brazil crumble as commodity prices crash

Source Telegraph.co.uk

"The entire complex of commodities and emerging market stocks, bonds, and currencies is now in free-fall as the economic crisis spreads like brushfire, threatening to draw every corner of the globe into the vortex of recession....."

".... Japan and the eurozone are already contracting: the Anglo-Saxon economies are close behind. The new twist is an abrupt downturn in China, until now the dominant force in the oil and metals boom. ......."

"... The oil slide has reached the point where it is setting off a powerful chain reaction through the nexus of global markets. It may soon be unprofitable to divert much of the US crop harvest to biofuels, so futures contracts are rapidly scaling back assumptions. Corn fell 6.4pc yesterday, while soya beans were off 5.4pc. ....."

http://www.telegraph.co.uk/finance/markets/3148364/Russia-and-Brazil-crumble-as-commodity-prices-crash.html

Entry #872

Comments

time*treat - Oct 8, 2008, 2:56 pm

The thing about commodities, even if the price drops you still own something of value.
The stock markets around the world have been dropping, not just the U.S.
"Nathan Redshield" would have done well to note that the USDollar index (the measure of the US$ against other currencies) has actually been *RISING* the last few days and mostly rising the last few months. Foreigners *are* liquidating holdings, but some of them are turning to cash. OURS.

konane - Oct 8, 2008, 7:37 pm

Thanks Time*treat! Yes the US dollar IS getting stronger and the Euro is taking a beating. Tisk, tisk for their arrogance as if we're one of their colonies that should swallow socialism hook line and sinker. Their planned society of Stepford people isn't running as smoothly in the real world. Hope our home grown Borg-socialists take a hint.

jarasan - Oct 8, 2008, 7:42 pm

Thank you.

jarasan - Oct 8, 2008, 7:52 pm

It is as if Barry's poll numbers rise<:)>,..... the markets' indexes drop in value. Since the media jumped on the bandwagon and started bloviating that Barry was the inevitable next POTUS, about a week ago, ALL markets, us and them (the rest of the world) have dropped about 11%! I think the markets have been reading Konane's, Todd's, and jarasan's blogs! I would wager that if Johnny's poll numbers improve, the markets would reverse direction and rise in value.

"Russia and Brazil crumble as commodity prices crash

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