White House likely to pursue federal aid for shale companies hit by oil shock, coronavirus downturn

[∞∞∞]

Remember when you were spamming us with Ebola updates? 4 cases. 1 death.

I like how BDK thinks a 1% mortality rate for a highly infectious virus isn't a big deal.

[Ibanez]

By the way......you guys holding out for Dow 20K before jumping back in?

Probably. I've got my eye on some REITs.

[houndawg]

Same Shit, different president.

Exactly

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Tell us more about the Great Bank bail-out of 2008.

[houndawg]

I agree. Fracking businesses in the US are as successful as they are precisely because they are able to open and close the spigot very quickly and only operate when they are financially viable. It's a tribute to the industry, really, that they can respond almost instantaneously to changes in the world market. Saudia Arabia tried to crush the industry 1-3 years ago with a sustained driving down of oil prices and they couldn't do it. Should be some decent pride in American know-how there, certainly considering it had been our goal for decades to loosen the grip on world energy demand by the OPEC nations.

The oil business is one of the last truly market-driven industries left on earth. And it’s captains should avoid at all costs asking for government assistance in what will surely be a short term crisis. If they can’t avoid it, then they are just old men looking to shore their retirement packages on the eve of their retirements.

Any trues libertarians in Congress should join the progressive know-nothings in shooting a bailout down

They get subsidies worth more than the Pentagon budget.

[houndawg]

Amen! And just read that farm bailouts have been renewed for the 3rd year in a row. Farmers have now the #1 welfare queens.

Agriculture is a truly strategic industry which should be propped up
at all costs- in spites of the asshole corn farmers in Iowa

wishing their demise is not knowing what you wish for

deny this newest generation their cheetoes and god help you


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Much as I hate it, its true. Food is our real weapon, not oil. It does burn my ass a little driving by a patch of farmed land with a $60,000 pick up and and a high-end bass boat parked by a 30 year-old single wide trailer with a washing machine on the porch.

[Aho Old Guy]

Exactly

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Tell us more about the Great Bank bail-out of 2008.

They are the same . . . for the most part.

In August of 2007, global financial institutions could not close over-night accounts at central bank rates. The ECB was pushing up 200 basis points.
The greatest financial crisis since the Depression begins. In 6 months, they legislate free money for the masses, and engineer Bail-Outs For Billionaires within a year.

In September of 2019, global financial institutions could not close over-night accounts at central bank rates (the Fed says it was a 'glitch' ).
The greatest financial crisis since the last greatest financial crisis begins. In 6 months, they attempt to legislate free money for the masses, engineer Bail-Outs For Billionaires, and Cocaine Mitch bravely turns tail, runs away, and blames the Dims.

In each case, monetary constipation in the system causes seizures likely related to Financial Weapons of Mass Destruction (FWMD).

[CID1990]

Agriculture is a truly strategic industry which should be propped up
at all costs- in spites of the asshole corn farmers in Iowa

wishing their demise is not knowing what you wish for

deny this newest generation their cheetoes and god help you


Sent from my iPhone using Tapatalk

Much as I hate it, its true. Food is our real weapon, not oil. It does burn my ass a little driving by a patch of farmed land with a $60,000 pick up and and a high-end bass boat parked by a 30 year-old single wide trailer with a washing machine on the porch.

That’s true - a wealthy farmer is in the dole in one way or another

But in terms of domestic supply - we can do nearly as well with many small farmers as we can with a few big ones

The Great Depression policies that necessarily propped up farmers never went away (as entitlements never do... dole out a couple million bucks and a whole brigade of lobbyists will pop out of the ground around it like mushrooms on shit)

And because they never went away they turned farming into an economy of scale operation... where to gobble up as much teat as you could, you had to be BIG. And you put the little guys around you out of business and then bought their foreclosed land

As stupid as millennials sound sometimes... with their organic this and organic that ... they are subsidizing small farmers and making it a tenable profession again. god love em

My cousin tells an anecdote from time to time which illustrates this well: he says he can have a chicken farm with houses and equipment and antibiotics and huge investment and then Tyson will give him a couple dollars per bird. Or, he can just give them corn and let them run around in the yard, pecking each other half to death, and “those knuckleheads in Chapel Hill will buy em for 25 - 30 bucks a bird”


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[kalm]

Much as I hate it, its true. Food is our real weapon, not oil. It does burn my ass a little driving by a patch of farmed land with a $60,000 pick up and and a high-end bass boat parked by a 30 year-old single wide trailer with a washing machine on the porch.

That’s true - a wealthy farmer is in the dole in one way or another

But in terms of domestic supply - we can do nearly as well with many small farmers as we can with a few big ones

The Great Depression policies that necessarily propped up farmers never went away (as entitlements never do... dole out a couple million bucks and a whole brigade of lobbyists will pop out of the ground around it like mushrooms on shit)

And because they never went away they turned farming into an economy of scale operation... where to gobble up as much teat as you could, you had to be BIG. And you put the little guys around you out of business and then bought their foreclosed land

As stupid as millennials sound sometimes... with their organic this and organic that ... they are subsidizing small farmers and making it a tenable profession again. god love em

My cousin tells an anecdote from time to time which illustrates this well: he says he can have a chicken farm with houses and equipment and antibiotics and huge investment and then Tyson will give him a couple dollars per bird. Or, he can just give them corn and let them run around in the yard, pecking each other half to death, and “those knuckleheads in Chapel Hill will buy em for 25 - 30 bucks a bird”


Sent from my iPhone using Tapatalk

This is an awesome post.

[houndawg]

Much as I hate it, its true. Food is our real weapon, not oil. It does burn my ass a little driving by a patch of farmed land with a $60,000 pick up and and a high-end bass boat parked by a 30 year-old single wide trailer with a washing machine on the porch.

That’s true - a wealthy farmer is in the dole in one way or another

But in terms of domestic supply - we can do nearly as well with many small farmers as we can with a few big ones

The Great Depression policies that necessarily propped up farmers never went away (as entitlements never do... dole out a couple million bucks and a whole brigade of lobbyists will pop out of the ground around it like mushrooms on shit)

And because they never went away they turned farming into an economy of scale operation... where to gobble up as much teat as you could, you had to be BIG. And you put the little guys around you out of business and then bought their foreclosed land

As stupid as millennials sound sometimes... with their organic this and organic that ... they are subsidizing small farmers and making it a tenable profession again. god love em

My cousin tells an anecdote from time to time which illustrates this well: he says he can have a chicken farm with houses and equipment and antibiotics and huge investment and then Tyson will give him a couple dollars per bird. Or, he can just give them corn and let them run around in the yard, pecking each other half to death, and “those knuckleheads in Chapel Hill will buy em for 25 - 30 bucks a bird”


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Those knuckle heads want to know what they're eating and that wave is here to stay, especially after the factory farms start sending chickens and hogs to China to be processed before being sent back to grocery stores here. Naturally the QA regs will be loosened and for every 100 tons we send we'll get 110 back and there will be in China a scarcity of stray dogs and cats. Your cousin should raise some ducks too.

[mainejeff]

That’s true - a wealthy farmer is in the dole in one way or another

But in terms of domestic supply - we can do nearly as well with many small farmers as we can with a few big ones

The Great Depression policies that necessarily propped up farmers never went away (as entitlements never do... dole out a couple million bucks and a whole brigade of lobbyists will pop out of the ground around it like mushrooms on shit)

And because they never went away they turned farming into an economy of scale operation... where to gobble up as much teat as you could, you had to be BIG. And you put the little guys around you out of business and then bought their foreclosed land

As stupid as millennials sound sometimes... with their organic this and organic that ... they are subsidizing small farmers and making it a tenable profession again. god love em

My cousin tells an anecdote from time to time which illustrates this well: he says he can have a chicken farm with houses and equipment and antibiotics and huge investment and then Tyson will give him a couple dollars per bird. Or, he can just give them corn and let them run around in the yard, pecking each other half to death, and “those knuckleheads in Chapel Hill will buy em for 25 - 30 bucks a bird”


Sent from my iPhone using Tapatalk

This is an awesome post.

Agreed. Every once in a while a squirrel finds a nut.

[Ibanez]

Much as I hate it, its true. Food is our real weapon, not oil. It does burn my ass a little driving by a patch of farmed land with a $60,000 pick up and and a high-end bass boat parked by a 30 year-old single wide trailer with a washing machine on the porch.

That’s true - a wealthy farmer is in the dole in one way or another

But in terms of domestic supply - we can do nearly as well with many small farmers as we can with a few big ones

The Great Depression policies that necessarily propped up farmers never went away (as entitlements never do... dole out a couple million bucks and a whole brigade of lobbyists will pop out of the ground around it like mushrooms on shit)

And because they never went away they turned farming into an economy of scale operation... where to gobble up as much teat as you could, you had to be BIG. And you put the little guys around you out of business and then bought their foreclosed land

As stupid as millennials sound sometimes... with their organic this and organic that ... they are subsidizing small farmers and making it a tenable profession again. god love em

My cousin tells an anecdote from time to time which illustrates this well: he says he can have a chicken farm with houses and equipment and antibiotics and huge investment and then Tyson will give him a couple dollars per bird. Or, he can just give them corn and let them run around in the yard, pecking each other half to death, and “those knuckleheads in Chapel Hill will buy em for 25 - 30 bucks a bird”


Sent from my iPhone using Tapatalk

Good post.

My SiL and her husband have turned their front and back yard in Wilmington, NC into an Urban Farm (that's their name on Instagram and the Facebooks). They grow so much that they sell it at a farmers market and in the neighborhood. They have chickens (sell the eggs), rabbits ( make yarn and sell it) and turkeys (they feed and kill for Thanksgiving). Their back yard is a maze of raised beds and they lease, I think, 1 acre somewhere near their home. Everything is organic. I think it's great. They're a bit granola but what they've been able to grow is incredible. I don't think they've bought onions, garlic, potatoes, beans, peas, tomatoes, okra, squash, herbs in years. If the world ended tomorrow, they'd be set.