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The Deputy Commissioner of Agriculture for Texas greeted international agriculture journalists meeting in Fort Worth and spoke his mind about some trade issues that were not necessarily in agreement with some of the countries represented.
During an interview after his luncheon address, Drew DeBerry told me that he was not surprised with the reaction to some of his comments and the questions posed by the international journalists. “I’m impressed at the interest they have in our domestic policies here in the United States,” he said. “I’m encouraged that means there is an interest around the world in better understanding US domestic policies because we have to understand each others policies if we’re going to have fair trade.”
Drew says he was thrilled to have the International Federation of Agricultural Journalists 2009 Congress held in Texas. “If you’re having a conference in the United States and it has anything to do with agriculture, why not be in the second largest ag state in the nation.”
Drew also talked about the severe drought that much of Texas is experiencing and how it could impact the cattle herd, as well as the implications of the climate change bill being considered by Congress for agricultural producers.
Listen to an interview with Drew here:
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When the DOT-COM bust happened 11 years ago, a lot of people lost their shirts. Investments in junk stocks like walk-my-dog.com lost everything. Those stocks were worthless. But there were still some stocks that were based on real value, google, bestbuy, yahoo, etc., dropped in value but did not die. Smart investors survived.
Last year, the mortgage backed securities crashed because of the government required percentage of sub-prime mortgages, they crashed but not to zero. They were still based on real estate that physically exists. There is still value remaining.
When the carbon credit scheme goes bust, because mommy earth decides to prove CO2 does not control climate, ALL carbon credits will be worthless. There will be no good carbon credits vs. bad carbon credits. And who will be holding these worthless credits after investing hundreds of billions of dollars? Power companies, manufacturers, bakeries, farmers, delivery companies, you name it. They will ALL go bankrupt.
So, if you liked the way sub-prime mortgage debacle turned out, or if you enjoyed the dotcom bust, you will love what happens if we institute cap&trade and that system busts.