Paul Craig Roberts! on student loans.

[BA Deere]

It`s always a roller-coaster listening to Roberts.  I either agree 100% or totally disagree never much in between and it`s always 0 to 60 in 3 seconds or locking up the brakes What he says at about 20 minutes is that we`re headed for a "inflationary depression" I think is dead on.   http://www.youtube.com/watch?v=64K8tTVuook 

[johnaa]

  What is of interest to ag producers starts a little before minute 17, I don't do shorthand but here is a close copy.

  Banksters like "JP Morgan are buying a majority interest of commodities around the world to keep agricultural and energy prices down to a artificially low levels using cheap money which they keep cheap by their complete domination of these markets.

  So there is no free market of supply and demand controlling prices.  They both buy and sell fueled by infinite credit at 0% interest + no free market.

[BA Deere]

Yes, this monetization of the debt goes right into commodities ala Jimmy Rogers favorite trades.  What`s cautionary is if interest rates get above "zero" our deficit will explode, imagine 10% interest on $16 Trillion...acoording to my abacus, that would be $1.6 Trillion on top of our already +$1 Trillion annual deficit.  Here`s the thing who`s gonna buy our debt if we`re down-graded more without a better return (higher interest)?   Right now I think it would be shocking how much debt that is bought by the fed itself.

[r3020]

The banksters, many with the same last name now as then, went into the last depression millionaires and came out the other side billionaires. The cycle is repeating right before our eyes.