Welfare Kings: The Case Of Charles Schwab

From Brad Blog (“Food Incorporated”):

“When they were first introduced during the early days of the New Deal, farm subsidies were intended to stabilize prices in order to offset the extraordinary low prices brought on by over-production and by the Great Depression; to keep farmers on their farms and in their homes.

Today, it would be fair to say that farm subsidies, like Wall Street bailouts, flow to those who need them the least.

In Thieves in High Places, Jim Hightower provides the classic example — billionaire stockbroker Charles R. Schwab; the proud owner of Casa de Patos, “1,500 acres of picturesque wetlands in Northern California.” Schwab grows rice on the land, not for harvesting purposes but because the rice attracts ducks. Schwab is one of those rich folks who likes to invite friends and clients to go duck hunting. (Careful you don’t invite Dick Cheney, Mr. Schwab.)

So Schwab has no intent to harvest the rice, but that doesn’t prevent this man with an estimated $4.7 billion net worth from collecting $500,000/year in federal farm subsidies because he does not market the rice.

Hightower laments, “Sadly, it’s legal, and it’s a fine upstanding example of what George [W. Bush] and his base like to call ‘entrepreneurship.'”

Surreal India

Daily life in India grows more surreal for the ordinary man, says writer Pritish Nandy:

“You can’t afford food? No worries, we will give you a stunning cricket extravaganza with lots of movie stars and pretty cheerleaders.

You feel insecure because Maoists are now in 20 states and have killed more people than the jihadis? Don’t bother, we will buy you a $2.35 billion refurbished old Russian warship.

Your cities are crumbling under the pressure of migration because agriculture’s no longer a sustainable profession? No stress, we will build you fancy bridges and flyovers and walkways where no one will ever walk.

You can’t find a job despite all your education? No sweat, we promise 30% reservations for women in the Lok Sabha.

Increasing terrorist strikes are scaring you? Chill yaar, we will give you the perfect Indo-US nuclear deal.

Public transportation in the cities is on the verge of collapsing? Not an issue, we are building helipads at prominent locations.”

—  Pritish Nandy, “The Wonderland That’s India,”  Times of India, March 15, 2010

Monsanto’s Toxic Path in South America

Agribusiness titan Monsanto is the goliath every activist would like to slay:

Its patented Round Up brand of herbicide is ubiquitous in farmland world over, but new research suggests the product poses a danger to human health. [Note: an earlier version of this post dropped the word herbicide by accident so it read as though soy contained the chemical. I corrected it but the google cache still shows the old version in the header. Apologies. I often think I’ve corrected something and saved it and find that the save didn’t actually take place…]

From Marie Trigona at America’s Program

“A study released by an Argentine scientist earlier this year reports that glyphosate, patented by Monsanto under the name “Round Up,” causes birth defects when applied in doses much lower than what is commonly used in soy fields.

The study was directed by a leading embryologist, Dr. Andres Carrasco, a professor and researcher at the University of Buenos Aires. In his office in the nation’s top medical school, Dr. Carrasco shows me the results of the study, pulling out photos of birth defects in the embryos of frog amphibians exposed to glyphosate. The frog embryos grown in petri dishes in the photos looked like something from a futuristic horror film, creatures with visible defects—one eye the size of the head, spinal cord deformations, and kidneys that are not fully developed.

“We injected the amphibian embryo cells with glyphosate diluted to a concentration 1,500 times than what is used commercially and we allowed the amphibians to grow in strictly controlled conditions.” Dr. Carrasco reports that the embryos survived from a fertilized egg state until the tadpole stage, but developed obvious defects which would compromise their ability to live in their normal habitats.

Pointing to the color photos spread on his desk, Dr. Carrasco says, “On the side where the contaminated cell was injected you can see defects in the eye and defects in the cartilage.”

For the past 15 months, Dr. Carrasco’s research team documented embryos’ reactions to glyphosate. Embryological study is based on the premise that all vertebrate animals share a common design during the development stages. This accepted scientific premise means that the study indicates human embryonic cells exposed to glyphosate, even in low doses, would also suffer from defects.

“When a field is fumigated by an airplane, it’s difficult to measure how much glysophate remains in the body,” says Dr. Carrasco. “When you inject the embryonic cell with glysophate, you know exactly how much glysophate you are putting into the cell and you have a strict control.”

Glyphosate is the top selling herbicide in the world and is widely used on soy crops in Argentina.

Monoculture soy is grown on more than 42 million acres of fields across Argentina and sprayed with more than 44 million gallons of glyphosate annually. It is part of a technological package sold by Monsanto that includes Round Up Ready seeds GM to tolerate the herbicide glyphosate. This allows growers to fumigate directly onto the GM soy seed, killing nearby weeds without killing the crop. In the winter, crops are sprayed to kill off weeds and seeds are then planted without having to plow the soil, a process commonly referred to as “no-till farming.” Nearly, 95% of the 47 million tons of soy grown in Argentina in 2007 was genetically modified, adopting the Round Up ready technology marketed by Monsanto.

The study on the top-selling agrochemical has alarmed policymakers, so much so that Dr. Carrasco has received anonymous threats and industry leaders demanded access to his laboratory immediately following the study’s release. Industry leader Monsanto wouldn’t talk to the Americas Program for this story, but in a press release on its website, the company says that “glyphosate is safe.”

My Comment:

There – the cat’s out of the bag. Now you know why I’m down here. South America has the last remaining land masses suitable for agriculture, the greatest biodiversity, the richest vegetation, the richest fauna….

No wonder one of the most predatory and rapacious corporations in the world is also here…


Tips to Survive Hyperinflation..

Greg at Holy  Cause has actually lived through the infamous Zimbabwean Zaire’s hyperinflationary crisis in the 1990s, so his words carry their weight in…er..gold (dollar-holders, I know that stings).

“Most Americans have not lived in hyper-inflationary environments.  I have, and assure you that your primary protection is to not hold cash. Treat it like a hot potato, let it rot in somebody else’s hands. This is repeated as Rule #1 below, but it bears saying several times.  Never forget it, when you get cash, flee to something else as quickly as possible…..

zaire9f

Just don’t hold an inflating currency – pass it on to the next guy like a hot potato, let it rot in his hands rather than yours.

Rule #2 – Have some type of business, even a “black market” one. Businesses which survived the inflationary hurricane in Zaire included those which were involved in the supply chain of basic consumer goods….money changing was also a profitable business…..

Rule #3 – Own a house and enough land to farm to feed your family. Houses (a primary residence), well bought and paid in full, served as a good hard asset, and provided a roof over one’s head as well. Having a little land to garden or for raising small animals helped keep a family from starving….

Read the rest of this great post at Holy Cause.