Reader Mail Plus the Race for Arable Farm Land

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How about some reader mail?

To everyone that makes the DR possible, I just wanted to drop you a line and say how much I enjoy each and every edition! Whenever I get on the subject of the economy with one of my friends, I almost always quote something that I recently read in the DR. You make me sound like I really know what I’m talking about! And when I’m asked where I’m getting this information, I always tell them the Daily Reckoning and suggest signing up.

So again, you’re efforts and educated opinions are definitely appreciated.

Just thought you’d like to know!

Sean W.

Dear Mr. Denning,

I put you [new Food-Fight story] to a friend who is very knowledgeable about such matters. FYI his reply: “Please tell me this is spam and you haven’t signed up for ‘commentary’ like this. It’s utterly bogus. The purported Daewoo land deal in Madagascar never happened, but loads of ‘experts’ are using it to try to prove there’s some new financial/commercial world order emerging. These rumours emerged last year and were subsequently discredited. The riots were politically motivated and had nothing to do land grabs. These guys are flogging snake oil.”

Colin S.

Colin, Daewoo did indeed get turned back in its pursuit of land in Madagascar and we’ve updated the article to show that. But with all due respect, it’s your friend who is misinformed about the race for arable farm land and the “new financial/commercial world order emerging.”

Maybe we’re wrong. Maybe we’re right. But we’re certainly not in doubt: there is a race for scarce tangible resources (especially arable land) and we’re willing to bet a few Aussie companies can profit from that in the long term.

Besides, what you see is what you get. You read our analysis here in the DR (and perhaps Money Morning). The rest of the day our team of analysts are busy trying to turn that into profitable investment ideas. If you don’t want to take a punt on those newsletters, that’s fine. We’ll still keep sending the DR and MM for free. How oily is that?

Dear Dan,

I have been reading the Daily Reckoning, Money Morning etc. with grim fascination for the last few months as one who would like to be informed about the stock market, our economy and the whole horrible mess we are in. You are providing much food for thought.

I see the strutting of the politicians and the others in government at their beck and call. I was not too impressed to see all my super contributions from the last financial year turn negative and be deducted from my small super fund.

There is such a lack of common sense in the governments around the world that one wonders where they are coming from. Are they complete dolts and dunderheads?

I am not given to conspiracy theories, but are these clots hoping that the world economy will fall and we will change to a totally socialist system, with the government being the only important financial centre, giving life to our cities and people, rather than enterprising small business providing employment and the money creation? It sure looks that way.

Of Labor politicians with their background of decisions made in Caucus, rather than the parliament, and the solidarity (used in the union/socialist sense) over the masses of their followers, surely one has to ask, where are we heading?

Their blind followers will happily endorse the carbon taxes on everything, yet they were happy to scream about the GST at the time. And I have come to the conclusion that we are the most propagandised country in the world, with the media generally endorsing all the pap and happily knocking down any who oppose.

Keep up the good work.

Jules

What do you think? Send us your notes at dr@dailyreckoning.com.au

Dan Denning
for The Daily Reckoning Australia

Dan Denning
Dan Denning examines the geopolitical and economic events that can affect your investments domestically. He raises the questions you need to answer, in order to survive financially in these turbulent times.
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