Lew Rockwell interviews Jim Rogers
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07-12-2008
Source: Lew Rockwell
Tags: Bailout, Banks, Ben Bernanke, China, Commodities, Depression, Dollar, Economy, Farmers, Financial Crisis, Government, Hank Paulson, Housing, Housing market, Hyperinflation, Inflation, Japan, Jim Rogers, Politics, U.K., Weimar Republic
Deliveries from China have been subjected to rigorous tests since the EU issued an alert last October recommending countries tighten controls on produce from China. (AFP)
RENNES - ALMOST 300 tonnes of soymeal from China, used to feed organic poultry in western France, were taken off the market on Friday after testing positive for a toxic chemical, an import company said.
The soymeal contained melanine - the chemical at the heart of a scandal in China over contaminated milk - 50 times over the recommended limit.
‘One of the three imported batches, was carrying 116mg/kg of melamine, while the average should be 2,5 grammes. All foodstuffs made from the same materials were taken off the market at the beginning of November,’ Mr Christophe Carousse from the French farm cooperative told AFP.
Other untested batches where delivered to some 127 organic farms in the Loire region in western France.
‘Tests on meat, pork and egg-laying chickens show there is no danger to public health. Unlike dioxin, melamine does not build up in the body. There is no way of catching it through the food chain,’ veterinary expert Frederic Andre told AFP. (Hmmh.)
Tags: China, contamination, Farmers, Food, France, Health, Melamine, organic
Dec. 5 (Bloomberg) — The fundamentals of commodities are “unimpaired” and prices will rebound when a lack of new supply leads to shortages, said Jim Rogers, chairman of Rogers Holdings.
“Commodities will be the place to be if and when we come out of” the downturn, Rogers said yesterday in an interview from Miami. “The only thing where fundamentals are unimpaired are commodities. Farmers cannot get loans for fertilizer now. Nobody can get a loan to open a zinc mine. So we are going to have some serious, serious supply problems before too much longer.”
The Reuters/Jefferies CRB Index of 19 commodities has plunged 53 percent from a record in July on concern that a global recession will sap demand for raw materials. The index almost doubled between its low in 2001 and the end of last year.
Rogers said crude oil and agricultural commodities were the most likely to have shortages and the outlook for zinc and cotton had “improved.” “I haven’t sold any commodities since the bull market began,” he said.
“I own some gold and if gold goes down I’ll buy some more and if gold goes up I’ll buy some more,” Rogers said. “Gold during the course of the bull market, which has several more years to go, will go much higher.”
Tags: Central Bank, Commodities, cotton, ECB, Economy, Farmers, Fed, Federal Reserve, Fertilizer, Gold, Jim Rogers, Oil, Oil Prices, shortages, Zinc
In a sign of bad economic times, more than 40,000 show up when a Weld family invites people to gather surplus produce.
An estimated 40,000 people came to a Weld County farm Saturday to collect free potatoes, carrots and leeks.
Cars snaked around cornfields and parallel parked along Colorado 66 and 119 early in the morning to get free food from the Miller family, who farm 600 acres outside of Platteville, about 37 miles north of Denver.
As this prolonged Indian summer continued, the Millers had decided to give away produce because so much was left over at the end of their annual fall festival. Any day now, a few deep freezes would kill it off.
They expected between 5,000 and 10,000 people spread out over a couple of days. Instead, they found themselves on Saturday morning inundated with cars and people with sacks and wagons and barrels ready to harvest whatever was available.
The Bush administration on Thursday urged a federal judge to dismiss a lawsuit brought by a group of Amish farmers in Michigan claiming RFID chips required on cattle “are a mark of the beast.”
The Amish farmers claim (.pdf) Michigan regulations requiring them to use radio frequency identification devices on their cattle “constitutes some form of a ‘mark of the beast‘ and/or represents an infringement of their ‘dominion over cattle and all living things’ in violation of their fundamental religious beliefs,” according to the farmers’ lawsuit filed in September in U.S. District Court for the District of Columbia.
Tags: Amish, Bush administration, Farmers, Government, Law, Microchip, Politics, RFID, Technology, U.S., USDA
A group of community farmers, some of them Amish, are challenging rules requiring the tagging of livestock with RFID chips, saying the devices are a “mark of the beast.”
Michigan and federal authorities say the radio frequency identification devices (RFID) will help monitor the travels of bovine and other livestock diseases.
Related articles:
- Mandatory Microchipping In Adopted Pets
- CASPIAN RELEASES MICROCHIP CANCER REPORT
Tags: Department of Agriculture, Farmers, Government, Law, lawsuit, Microchip, New World Order, Politics, radio frequency identification, RFID, Technology, Terrorism, U.S.
Britain is facing its worst harvest for at least 40 years as 30 per cent of the country’s grain lies in waterlogged or sodden ground. Hilary Benn, the Rural Affairs Secretary, is expected to give the go-ahead today for farmers to salvage what is left of their crops by using heavy machinery on wet fields.
European Union rules ban farmers from using combine harvesters on wet land to protect soil quality. Those who flout the ban can be prosecuted. The exemption is expected to last for about three weeks.
Tags: agriculture, crops, Environment, Farmers, Food, Food Prices, Grain, U.K., wheat
(NaturalNews) Citrus greening is blazing through the Florida citrus groves like wildfire. Scientists don’t know how long it will take to find a treatment or cure for this contagious bacterial disease. One scenario projects that within nine to ten years, all the citrus trees currently in the ground will be dead.
Citrus greening, caused by a bacterium yet unnamed, is one of the most serious citrus diseases in the world, destroying the economic value of the fruit while compromising the tree. The disease has significantly reduced citrus output in Asia, Africa, the Arabian Peninsula, and Brazil. Now trees grown in the U.S. are in jeopardy.
Tags: bacteria, crops, Department of Agriculture, Environment, Farmers, Food, Food Prices, Scientists, U.S.
A veterinary nurse and her dog have contracted bovine TB, raising fears that the high level of disease in some parts of the country could spread to more humans and pets.
The woman, from Cornwall, has been treated for the respiratory infection. Her daughter has also been tested for the disease and has received medication, The Times has learnt.
Wastewater is most commonly used to produce vegetables and cereals (especially rice), according to this and other IWMI reports, raising concerns about health risks for consumers, particularly of vegetables that are consumed uncooked.
As developing countries confront the first global food crisis since the 1970s as well as unprecedented water scarcity, a new 53-city survey conducted by the International Water Management Institute (IWMI) indicates that most of those studied (80 percent) are using untreated or partially treated wastewater for agriculture.
In over 70 percent of the cities studied, more than half of urban agricultural land is irrigated with wastewater that is either raw or diluted in streams.
Tags: agriculture, Burkina Faso, China, Environment, Farmers, farmland, Food, Ghana, Health, India, rice, sewage, vegetables, Vietnam, water, WHO
