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Agricultural Matters
Lord King WTAF
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<blockquote data-quote="ollie989898" data-source="post: 8149879" data-attributes="member: 54866"><p>Russia has an issue. They might have zero debt, a pile of diamonds, gas or oil to sell on the international markets. But A: they are under sanctions. All their money abroad is frozen. B: their currency is worthless. C: it's bad PR to be seen dealing with them. D: all their foreign investment has abandoned the place. They are fudged.</p><p></p><p>Raw materials/primary economy will only get you so far. You are totally at the mercy of world markets and you can't add any value. What is more there will always be someone out there able to sell it cheaper, either because they are better at it, have cheaper labour or are closer to the end user.</p><p></p><p>You mention the value of printed dollars- this is immaterial. The value of a dollar is decided by the international FOREX markets, and as much as this place likes to bicker about Uncle Sam, it is a relatively safe and straight forward place to put your money. Why do you think the Chinese are so keen to buy US debt?</p></blockquote><p></p>
[QUOTE="ollie989898, post: 8149879, member: 54866"] Russia has an issue. They might have zero debt, a pile of diamonds, gas or oil to sell on the international markets. But A: they are under sanctions. All their money abroad is frozen. B: their currency is worthless. C: it's bad PR to be seen dealing with them. D: all their foreign investment has abandoned the place. They are fudged. Raw materials/primary economy will only get you so far. You are totally at the mercy of world markets and you can't add any value. What is more there will always be someone out there able to sell it cheaper, either because they are better at it, have cheaper labour or are closer to the end user. You mention the value of printed dollars- this is immaterial. The value of a dollar is decided by the international FOREX markets, and as much as this place likes to bicker about Uncle Sam, it is a relatively safe and straight forward place to put your money. Why do you think the Chinese are so keen to buy US debt? [/QUOTE]
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Lord King WTAF
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