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Soviet Union, it was really in the 1970s, when Soviet agriculture had a series of failures that forced the Soviets to buy grain on the global market. In due course, the United States took control of sales of grain to the Soviets and used those sales as an early lever to pressure Moscow.
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What makes you think this favor isn't being returned now that the USD isn't worth the paper it’s printed on?
The Soviets where pushed by the intervention into the commodities market by the paper pushers. These paper giants have gone Hog wild for almost 40 years now trading in non existent entities. The result is what we see today, any interference in normal markets produces either a shortage or glut, and we are about to see that one cannot eat paper promises to deliver...
as for the hogwash of speculators driving up the price...it's the perpetual shorts that cannot deliver that are driving up the price, they have managed the food markets until there is nothing left in the cupboard...
TED BUTLER COMMENTARY
June 10, 2008
The Real Speculators