7/06/2005

The latest poll on the "best" newspapers is a total eliteist fraud. As a person with long experience in the financial field, allow me to give you some facts. The "number one" Financial Times of London is a rag. They tout every hype in Europe. They have absolutely no "street cred" with anyone who knows anything about investing in stocks. They are particularly bad when it comes to Brit commodities--cocoa (traded in pounds sterling), zinc, and the like. A really bad paper read by people who don't invest in anything. When I was in the commodity biz we used the FT to give stories to customers to get their money. When I say stories I mean things like, red rust has hit the cocoa crop, the elephants have stomped on cocoa farms in Africa, and so on. A total piece of crap is rated number one by the usual suspects.

And did I mention coffee? Coffee is traded around the world and they have a Brit agenda that is obscene. To be very quick, coffee is grown in S.A., Africa, Viet Nam, and Java (moka java). The African variety is total shit excepting Ethiopian coffee. They distort everything to slant to Africa. The coffee traded on the Exchange in New York is an INDEX, not coffee. There is very little relationship between the real price of coffee we drink (the good shit) and the index. Use the Financial Times and go broke.