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Mystery trader buys all Europe's cocoa
The Telegraph ^
| 7/17/2010
| Jonathan Sibun and Harry Wallop
Posted on 07/17/2010 1:00:51 AM PDT by bruinbirdman
click here to read article
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To: bruinbirdman
China Loves Chocolate, and soon Tobalarone will come with Madarin Labels. Big bucks there my FRiend. Huge big bucks.
And how you may ask? Well controlling the supply of raw materials can leverage corporate takeover. Take your pick which one, and buy it. I wonder which it will be? There are only 4 pr 5 big ones. Will it be a British, Dutch, German or Swiss Choco Corp?
21
posted on
07/17/2010 2:42:10 AM PDT
by
Candor7
(Obama .......yes.......is facist... ...He meets every diagnostic of history)
To: bruinbirdman
This article is more proof that the minimum margin requirements for trading in commodities is just too low--my guess is that the traders at the hedge fund did it with an MMR of 5%. That's why my suggestion for real financial system reform we need to impose a 15% rate, which would discourage the type of wild price swings that caused the price of rice and crude to rocket to record heights in 2008.
22
posted on
07/17/2010 3:01:01 AM PDT
by
RayChuang88
(FairTax: America's economic cure)
To: Candor7; RayChuang88
"my guess is that the traders at the hedge fund did it with an MMR of 5%."ChiComs have complained about spot prices set by traders rather than end users, no?
That's one reason they want to control the source or cut deals with them.
They tried buying Rio Tinto. Maybe they should just buy the Ivory Coast.
yitbos
23
posted on
07/17/2010 3:16:01 AM PDT
by
bruinbirdman
("Those who control language control minds.")
To: bruinbirdman
NPR, which is to say Liberals/Progressives/Communists, have been pushing the idea of turning all cocoa producing farms into ‘cooperatives’. Then, supposedly, they could set the price of cocoa beans to a ‘realistic’ level so the poverty stricken farmers could get what they should for their crops. NPR was rhapsodizing about this scheme several years ago. Americans were supposed to boycott chocolate and only buy it at artificially inflated prices...with the profit going to South American poor folk. They discussed the same scheme vis a vis coffee.
24
posted on
07/17/2010 3:25:05 AM PDT
by
hershey
To: Sender
It was that “time of the month”-and I had a craving.
...plus shopping makes me feel better ;^)
25
posted on
07/17/2010 3:26:18 AM PDT
by
homegroan
(Proud member of the Hoi Polloi......ILLIGITIMA NON CARBORUNDUM..... -that's 4U Dad!))
To: Jemian
Maybe this is a test run for something more essential, or just to show the world it can do this (buy the entire stock of a commodity and withhold it from the rest of the world).
26
posted on
07/17/2010 3:31:25 AM PDT
by
Humal
To: bruinbirdman
I’ll tell ya what’s going on.
The scumbags that manipulate gold prices aren’t getting as much bang for their buck anymore in gold. So they are shifting their efforts to new uncharted waters. cacao today. sugar tomorrow. Possibly Kola nuts, bannanas, coffee, rice, tobacco, tea, and spice the day after.
27
posted on
07/17/2010 3:40:51 AM PDT
by
mamelukesabre
(Si Vis Pacem Para Bellum (If you want peace prepare for war))
To: bruinbirdman
28
posted on
07/17/2010 3:44:02 AM PDT
by
Mere Survival
(The time to fight was yesterday but now will have to do.)
To: bruinbirdman
![](http://3.bp.blogspot.com/_DlKdVR17k4I/S64BkmJ4RBI/AAAAAAAAAqI/veT71U58eGw/s1600/Nelson+Bunker+Hunt.jpg)
Nelson Bunker Hunt (pretty ain't he!)
29
posted on
07/17/2010 3:47:20 AM PDT
by
Mere Survival
(The time to fight was yesterday but now will have to do.)
To: TigersEye
30
posted on
07/17/2010 3:48:10 AM PDT
by
Vaduz
To: bruinbirdman
Who needs precious metals?
31
posted on
07/17/2010 3:52:20 AM PDT
by
Past Your Eyes
(Some people are too stupid to be ashamed.)
To: Past Your Eyes
![](http://scotthamilton.typepad.com/my_weblog/images/homer_drool.jpg)
Chocolate and pork bellies and corn. Mmmmmmmmm.
32
posted on
07/17/2010 3:55:40 AM PDT
by
Mere Survival
(The time to fight was yesterday but now will have to do.)
To: preacher
I had that same thought. Glad I’m not the only one.
33
posted on
07/17/2010 3:56:56 AM PDT
by
FreedomPoster
(No Representation without Taxation!)
To: hershey
So would this be “fair trade” chocolate and coffee? I’ve seen that term bandied about, but hadn’t paid much attention.
34
posted on
07/17/2010 3:59:01 AM PDT
by
FreedomPoster
(No Representation without Taxation!)
To: Ronin
If it was beer, Id be worried. Uh oh.
To: Mere Survival
My grandfather lost his shirt in silver when the Hunt brothers lost theirs... I hate that bastard, he cost me my inheritance.
36
posted on
07/17/2010 4:03:39 AM PDT
by
ccmay
(Too much Law; not enough Order.)
To: bruinbirdman
The Bilderbergs have decided the coming One World Government is going to use the Chocolate Standard for monetary stability.
37
posted on
07/17/2010 4:11:16 AM PDT
by
Vinnie
(You're Nobody 'Til Somebody Jihads You)
To: ccmay
Bubbles. Jump on them instantly, the moment you notice them. Get out unreasonably early with big profits. Preferably years before the crash, but certainly months and months before the crash to avoid eventually losing big by getting your timing wrong. Or don’t play if you don’t own the casino.
Sorry your grandfather lost his money with the silver corner.
38
posted on
07/17/2010 4:14:37 AM PDT
by
Mere Survival
(The time to fight was yesterday but now will have to do.)
To: Global2010
Guns or chocolate...decisions, decisions!!! (I’m going with the chocolate...maybe the bad guys will turn nice after a BIG Hershey bar!)
39
posted on
07/17/2010 4:15:58 AM PDT
by
blu
To: Sender
Why didn't we think of that?
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