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Originally posted by thewind
reply to post by TrueTruth
"And the example you gave, fertilizer, rose due to supply/demand issues, not currency issues. "
I am not disagreeing with you about hyperinflation per-say, I am disagreeing with you on the fact that hyperinflation is and can be both sporadic and scattered.
The fertilizer issue I used, I used that one because fertilizer was not a supply and demand issue at all. Fertilizer went up because the cost of fuel, material to make the fertilize with, and state and federal taxes went up on the purchase price at the local distributors by more than 450%. The farmers actually used less fertilizer. So, that sorta trumps the demand versus supply that you tried to impose because eventhough less fertilize was purchased, the purchase price has never dropped!
You say the currency issue was not a factor? Sorry to burst your bubble there, but it was, for the supplier of the nitrogen was china and south america for the eastern seabooard where I live here in virginia.
Now to address the gas issue you tried to exemplify. Your figures were way off because there was no steady influx of a reduction or an increase. What you displayed there was simply a conundrum of fictional gas pricing wars that is typical when local stations are battling their competitors.
The price of oil is what controls gas prices, and the euro is the mainstay of the petro dollar right now, to which the american dollar is worth less than right now. While I applaud your effort to try and maneuver around my point, I am not in disagreeent about hyperinflation overall with you, it's just that you're diasgreeing with me on the targeted areas of this monster, which make it just what I said it was, sporadic and scattered.
The reason I know quite a bit about the farming issue here is the fact that I am a farmer, and nowadays farmers must take classes on not only the ag business in general, but they gotta pay close attention and recognize the fluxuations of economics in order to make their business more profitable.
They watch the chicago exchange just as much, and if not more than the idiots on wallstreet do. Matter of fact, just a few months ago, hyperinflation in operating overhead was the topic of the last farmers co-op meeting. It was discussed at how targeted inflation played a key role in the buying and selling of beef cattle, which is a large part of why cattle prices are down right now. But hey, what do I know, I'm just an ole goober!
Originally posted by thepixelpusher
You guys whet my appetitie to join a finance forum to learn more past what is discussed here. Any financial forums I can join that would help my learning along?
Apologies in advance for the OT question.