Users Online Now:
GLP Poker Rooms
Donate To GLP
Back to Forum
Back to Thread
REPLY TO THREAD
THE ECONOMY & YOU # (Daily Updated Videos & Articles)
Ms Sans Serif
In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:RoXY:MV8xNTc4NDI2XzMzODcxMTQwXzcyMEIxMzg3] [b]Financial Manipulation: How the Commodity Futures Markets Impoverish Indian Farmers[/b] By Kavaljit Singh October 10, 2012 Thousands of guar farmers in India are today caught in a vicious cycle fuelled by the spectacular rise in the prices of guar seed and guar gum products during the six months period between October 2011 and March 2012. The prices of guar seed (Cyamopsis tetragonoloba) and guar gum (extracted from guar seed) rose over 900 percent in the futures markets during this period largely due to speculative buying (coupled with market manipulation through circular trading, cross deals and other market abusive practices) by big traders and non-commercial players. The rally in the prices came to an end when Forward Markets Commission (FMC), the commodity derivatives market regulator, suspended the guar futures trading on March 27, 2012. For a detailed account of speculative feeding frenzy and price rigging practices in guar futures contracts, see Excessive Speculation and Market Manipulation: The Guar Futures Trading Fiasco. Last year, the guar farmers did not benefit from the price hike as they had sold their produce several weeks before prices began spiraling upward in the commodity futures markets in late October 2011. [b] The Euphoria[/b] Anticipating a similar price hike this year, thousands of farmers in Rajasthan, Haryana and Punjab shifted to guar cultivation. Such was the euphoria of last year unprecedented price boom that several farmers in far away states and different agro-climatic regions (such as Madhya Pradesh and Andhra Pradesh) also shifted to guar cultivation. Many guar farmers took short-term loans (with higher interest rates) from local moneylenders and financiers to buy seeds at much higher prices than last year. “For the first time, we cultivated guar on all 125 acres of family landholding with the hope of benefitting from higher prices,” said Surendra Kumar Chaudhary, a big farmer from Khajuwala tehsil of Bikaner district (Rajasthan). “We were encouraged by traders, seed companies, processing units and local government officials to go full swing into guar cultivation and reap the benefits from higher prices.” In early 2012, some guar gum processing units in Rajasthan even promised to buy the entire crop at a higher support price. [b]CONTINUE: http://www.globalresearch.ca/financial-manipulation-how-the-commodity-futures-markets-impoverishes-indian-farmers/5307805[/b] [/quote]
Economic Armageddon and You
Wondering about the American economy? This animated video explains inflation, stagflation, recession and more, all in 5 minutes.
NB: UPDATES AT LAST PAGE
Pictures (click to insert)
Big Round Smilies
Aliens and Space
Friendship & Love
Misc Small Smilies
View All Categories
Next Page >>
Here’s A List Of Obama Admin Officials Who Used Alternate E-Mails To Conduct Government Business
Not only is #ICANN a threat to our 1st Amend it's a Threat to our National Security Contact your Senator (202) 224-3121
THIS WILL OPEN YOUR EYES ABOUT HILLARYCLINTON & BILL A DANGER TO THE WORLD NOT JUST AMERICA
Calls for FBI Director Comey to resign over total sham of investigation
Coming soon: A new way for Russia's authorities to invade your privacy
George Soros Pushing For US Online Voting System
Was This Prominent Black Leader Murdered Because He Spoke Out Against Geoge Soros’ Black Lives Matter?
Arizona Parents Beware: Court Says Changing Diapers Equals Sexual Molestation
“They Tried to Warn Us”: 1981 TV Show Nailed Globalist Push to Break Down Borders for a One World Government
The October Surprise Will be a Violent Provocation Blamed on Trump
“Trump Will Go 26th”: Is This Eerie Radio Transmission Part of Plot to Assassinate Trump at the First Debate?
Video: Charlotte Riots – What They’re NOT Telling You
WikiLeaks Bombshell: Hillary’s Brain Injury Caused By ‘Near Fatal Plane Crash’
Germany makes having sex with prostitutes without condom illegal
Drilling at Unfathomable Alien Landscapes
Survival: How to make a soldering iron out of a lighter
If you’re a guy, having older brothers makes you more likely to be gay
Obama’s “Palestinian Land” According to U.S. And U.N. Policy and the Oslo agreements, not Palestinian land at all.
BlackLivesMatter Co-Founder DEMANDS To Be Granted COP FREE Black Communities
US Govt Just Legalized Operation Mockingbird — FBI Can Now Impersonate the Media
Shocking new study shows chemo kills half of cancer patients, not cancer itself
Unilever megacorporation rushing to buy out small organic companies
CLAIM: Historic event to occur in the next six days that will end the rise of Trump and seize the future of America for totalitarian globalists
Cyber Attacks on Satellites Could Spark Global Catastrophe
BBC Begins Experiments With Holographic Television.
Disclaimer / Copyright Info
with questions or comments about this site.
"Godlike Productions" & "GLP" are registered trademarks of Zero Point Ltd. Godlike™
Website Design Copyright © 1999 - 2015 Godlikeproductions.com
Page generated in 0.005s (3 queries)