Seaforth, Ontario | 1586 wrote You are witnessing the single biggest destabilizing situation in Ag history as predicted since the 80's over about a $1 value in corn.
I have a theory that every time a group thinks they have found a new unlimited source of excess personal/business income, there is some entity that is more than willing to take it off their hands. 1586 mentioned the farmers in the 80's that lost equity due to government economic policy. Homeowners in the 2000's found out that home equity is fleeting. Investors in the 1920's and 1990's stock markets woke up to decimated portfolios. There are other examples like investors who find their accounts liquidated to satisfy the creditors of investment firms.
I'm sure there are vultures circling overhead of anyone who is enjoying soaring grain and land prices. Bubbles are meant to be broken.
For you Biblical types, beware the money changers
Am I offbase? |