From LaVern F. Isely
Monroe
To the editor:
Let's talk about questionable logistics.
Since our economy seems to be changing quickly because of unregulated industries, such as banking, agriculture, global warming and other things, we better find out what's really going on. A good way to start would be to watch probably the most important industry in the world, which is agriculture because everybody has to eat. In listening to U.S. Farm Report on their segment on marketing, he referred to supply, demand and logistics, each one being a third in how things work in agriculture and controlling the price of the commodity.
If the farmers are running short in our so-called new system, the futures traders then commented you import from other countries through the help of our legislators, which would lower the price of beef and pork, which are going up in prices. This made the producers of these products mad because supply and demand wasn't being allowed to work. They were getting grain products from South America to feed their livestock. The problem was, though, the commodity trader said it would take time to get the products in and we'd have to wait.
So, now we have a new problem involved, along with the old one, which is logistics. Now this is going to take some time to explain. These same futures traders are the people that are messing up agriculture since the NFO dumped milk in the 1960s when I was a member and it continues today in Wall Street, ever since they got rid of the Glass-Steagall Act, which was very successful for many years, separating the commercial banks from the investment banks.
The big banking lobbyists lobbied Congress over a period of years to merge the investment banks and commercial banks that were one under the same roof. Regardless of how reckless the hedge fund dealers and private equity were, us taxpayers, consisting of about 99 percent of the people, could bail them out if they got in trouble which happened with the S&Ls, concerning junk bonds and again just before President George W. Bush left office with the $700 billion TARP bank bailout.
Since we're a nation that's going in debt, we must reverse direction and get back to a creditor nation that had regulations on free enterprise, which worked successfully for presidents Franklin Roosevelt, Harry Truman and Dwight Eisenhower, where taxpayers were protected and bills got paid.
Monroe
To the editor:
Let's talk about questionable logistics.
Since our economy seems to be changing quickly because of unregulated industries, such as banking, agriculture, global warming and other things, we better find out what's really going on. A good way to start would be to watch probably the most important industry in the world, which is agriculture because everybody has to eat. In listening to U.S. Farm Report on their segment on marketing, he referred to supply, demand and logistics, each one being a third in how things work in agriculture and controlling the price of the commodity.
If the farmers are running short in our so-called new system, the futures traders then commented you import from other countries through the help of our legislators, which would lower the price of beef and pork, which are going up in prices. This made the producers of these products mad because supply and demand wasn't being allowed to work. They were getting grain products from South America to feed their livestock. The problem was, though, the commodity trader said it would take time to get the products in and we'd have to wait.
So, now we have a new problem involved, along with the old one, which is logistics. Now this is going to take some time to explain. These same futures traders are the people that are messing up agriculture since the NFO dumped milk in the 1960s when I was a member and it continues today in Wall Street, ever since they got rid of the Glass-Steagall Act, which was very successful for many years, separating the commercial banks from the investment banks.
The big banking lobbyists lobbied Congress over a period of years to merge the investment banks and commercial banks that were one under the same roof. Regardless of how reckless the hedge fund dealers and private equity were, us taxpayers, consisting of about 99 percent of the people, could bail them out if they got in trouble which happened with the S&Ls, concerning junk bonds and again just before President George W. Bush left office with the $700 billion TARP bank bailout.
Since we're a nation that's going in debt, we must reverse direction and get back to a creditor nation that had regulations on free enterprise, which worked successfully for presidents Franklin Roosevelt, Harry Truman and Dwight Eisenhower, where taxpayers were protected and bills got paid.
