Sunday, April 2, 2017

Commodities Depression. Don't Worry, "It's Just The Weather"

Amid non-stop bullshit, which is the only thing this society produces right now, the entire Agricultural complex has slipped into a depression. This can all be explained away of course, and has been assiduously. Weather here, oversupply there, bumper crop etc. etc.

However, when taken as a whole, there is only one way to explain collapsed Ag prices amid human history's largest population - lack of demand.

After all, PonziNomics is the continual stripping of wealth and income from the poorest and allocating it to an ever-wealthier, ever-smaller cadre of robber barons. Because that's "the system" that everyone has bet on with both hands. Hence, they suffer from exploitation bias - the inability to see the suffering of others due to being too busy monetizing them, under the crucial assumption that "it can't happen to me". 

Ag Commodity ETF with WTI crude. I think we all see where I'm going with this...

One of these markets has speculators holding it up, the other one, not so much:



Sugar




When I say this will be painful, I'm being polite...




And why wouldn't speculators keep the Oil market afloat? They have an OPEC production cut extension to look forward to...

The last time Oil rolled over big was April of 2015 (circled):





Net specs
You know you're a moron, when...