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Old Yesterday, 11:35 PM
 
Location: Myrtle Creek, Oregon
12,440 posts, read 12,634,103 times
Reputation: 19771

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I cued up US Farm Report on the DVR to see what farmers think of China shutting down all US ag imports. It becomes obvious that we really are at war. "Trade War" is not just an euphemism.

According to the USFR panel of experts, it's going to bankrupt farmers under 40 that don't have a strong equity position in their farms. If you want to see where the next recession is going to start, it's right there in The Heartland, and China has planted the seed.

All the markets are nervous. This could seriously damage the US agricultural sector. When investors are nervous, they seek safe haven for their money, and that means the dollar, which is flying high. Farmers can't sell to the rest of the world because the dollar is so ridiculously high. Meanwhile, much of the impact of tariffs on Chinese imports is blunted by the strong dollar. Imports are cheap, and our balance of trade is getting worse.

BTW, the total embargo of US ag products is a psychological ploy. It's not like they were buying that much anyway. One of the first things they did was say, "*********," and take their business to Brazil and Argentina.

https://www.bloomberg.com/news/artic...S7RfoHFbG0WwAA
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Old Yesterday, 11:51 PM
 
1,765 posts, read 351,254 times
Reputation: 1544
Larry, you need to give it a rest. Good grief. Stop being a DNC shill.
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Old Today, 09:56 AM
 
Location: Myrtle Creek, Oregon
12,440 posts, read 12,634,103 times
Reputation: 19771
When did the DNC ever care about the agriculture sector? Aren't they all a bunch of urbanoids totally out of contact with agriculture?

America is at war. Wake up.
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Old Today, 12:44 PM
 
Location: Texas
35,470 posts, read 19,460,341 times
Reputation: 21082
The tRump economy is incrementally moving towards recession.

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Old Today, 12:48 PM
 
Location: Louisiana
7,528 posts, read 4,281,535 times
Reputation: 6078
Quote:
Originally Posted by Larry Caldwell View Post
When did the DNC ever care about the agriculture sector? Aren't they all a bunch of urbanoids totally out of contact with agriculture?

America is at war. Wake up.
China started the war years ago.
We finally have a President willing to fight back.
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Old Today, 02:43 PM
Status: "This is the best of all possible plutocracies." (set 6 days ago)
 
Location: Old Hippie Heaven
18,558 posts, read 8,355,593 times
Reputation: 10821
Quote:
Originally Posted by Speleothem View Post
China started the war years ago.
We finally have a President willing to fight back.
By putting US farmers out of business? Did US farmers sign up for this?
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Old Today, 02:52 PM
 
Location: Kansas City, MISSOURI
9,149 posts, read 2,803,422 times
Reputation: 7028
Quote:
Originally Posted by Larry Caldwell View Post
America is at war. Wake up.
Who are we at war with?? Is trade is a "war" to be won or lost? No, trade is not a war to be won or lost. Do you have a war with your supermarket when you give them money and, in exchange, they give you stuff? I doubt you'd call it that. So, when the US gives China money and we get stuff in return, why is that a "war?"

Last edited by James Bond 007; Today at 03:05 PM..
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Old Today, 02:53 PM
Status: "Proud American, Always and Forever" (set 7 days ago)
 
Location: DMV Area/NYC/Honolulu
12,105 posts, read 6,423,370 times
Reputation: 11838
Quote:
Originally Posted by jacqueg View Post
By putting US farmers out of business? Did US farmers sign up for this?
https://www.nbcnews.com/politics/mee...nk-it-n1041166

There is a reason why farmers still support President Trump. Yes, there is temporary pain, but they respect a president who is actually fighting for them as opposed to all the others who merely paid them lip service.
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Old Today, 03:04 PM
Status: "This is the best of all possible plutocracies." (set 6 days ago)
 
Location: Old Hippie Heaven
18,558 posts, read 8,355,593 times
Reputation: 10821
Quote:
Originally Posted by prospectheightsresident View Post
https://www.nbcnews.com/politics/mee...nk-it-n1041166

There is a reason why farmers still support President Trump. Yes, there is temporary pain, but they respect a president who is actually fighting for them as opposed to all the others who merely paid them lip service.
Interesting, thanks for the cite.
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Old Today, 03:04 PM
 
Location: Central Illinois -
21,776 posts, read 14,482,935 times
Reputation: 14945
Quote:
Originally Posted by Speleothem View Post
China started the war years ago.
We finally have a President willing to fight back.
"Fighting back", as in showing up to a gunfight with a slingshot. Starting a fight he can't win, and taking us all down with him. The Chinese are playing the long game and will win in the end, plus they won't forget this, as Trump most certainly will, if he hasn't already. Hard to say if we can ever recover lost markets.

Last edited by odanny; Today at 03:16 PM.. Reason: forgot a preposition
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