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Honored Advisor

Re: Time For A Grain Reserve?

Ok lets start the reserve by giving every one in queens without electricity 100 bu of wheat.

From the reserve. 

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Senior Advisor

God as socialist?

I think he advised saving during the fat years for the lean years. 

 

 

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Senior Advisor

Pharoah And Joseph

The Pharoah ahd a dream which Joseph interpreted.  The story is likely allegorical, as the Egyptians were well aware of the propensity of the Nile to have it's up and down years.  Smiley Happy

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Honored Advisor

Re: Pharoah And Joseph

They had better slaves than ours.

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Veteran Advisor

Re: Pharoah And Joseph

If you readthe whole story you see that during the good years Pharoah TOOK the grain that was produced, and then during the bad years SOLD it back to the people.  They ranout of money and ended up selling their livestock, land and even themselves for food, so the government owned all the land and all the people were slaves of the government.

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Senior Advisor

Re: Pharoah And Joseph

Haha! So, it was God and the less than 1%.

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Senior Advisor

Re: Pharoah And Joseph

Actually, the plan came from Joseph and the Pharaoh put him in charge of it. No, no weasling. Buy it or reject it. The issue is the wisdom of reserves.

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Honored Advisor

Re: Pharoah And Joseph

So the lesson here is DO NOT let the goverment be in charge of the reserves... NOT good for the common average man, woman, or child.

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Senior Advisor

Re: Pharoah And Joseph

Is it? Well, let them all starve then.

 

Seriously, there are many ways to skin the rabbit. The issue is the need for reserves in a volatile supply world. 

 

I'm reminded of the calls for letting the private sector take care of people and emergencies. Nobody is stopping them from doing that now. But some events are too widespread, uncoordinated and unprofessional to be efficient. Like Sandy and Katrina. And famine.

 

I do think that ina a highly polarized, ideological and suspicious world that operations of something like grain reserves need to be fact based and objective and open to avoid the politicization that many promote.

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Senior Advisor

Re: Time For A Grain Reserve?

I believe the reserve should be up to each producer to provide his own reserve. If you put more control on the Government, we are opening the door for them to control price more than they already do. Let the Feds. stick to their trend line reports and put the producers in charge of the reserve.
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