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We are borrowing money from China to pay farmers not to grow food to sell to China.

And most of the money is going to the big corporate owned farms, not Joe the Nice Family Farmer. Yeah sure, the small farms get a few crumbs too but the lion's share of all this is actually inverted socialism going to the wealthy large industrial scale farms.

When you think of farming, farms and farmers in this country today, think of it the way you think of film and video production. Yeah sure, there's a crap ton of small potatoes guys like me, who get a few glammo gigs but who by and large produce a lot of corporate and training stuff and small local ad spots, but there's also the vast sprawl of gigantic commercial studio operations, the elite high end outlets, the television production companies and the vast multinational ad agencies.

Most of the food we sell or eat comes from the big corporate farms, and most of the film and TV stuff we watch comes from the elite high end outlets. It works much the same way, only big corporate farmers don't have agents.
 
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Threegoofs said:
Swear to god... it’s true.

As aid checks go out, farmers worry bailout won't be enough

Trump’s a genius.
Click to expand...

The tariffs are going to kill Ag, and the customers won't come back. We tariff/sanction China, Russia, etc. and that drives their currency values down reducing the costs of the products they export, like Ag and Russia. They replace USA exporters and you don't get the customers back unless you manipulate the USDollar down. That reduces investment in US Treasuries (loans to the US Treasury) so the interest payments on Treasuries must be increased to make them more desirable and the circle keeps closing. Yes, indeedy, Trade Wars are easy to win, but not for the USA. China and Russia have reduced their holdings of US Treasuries which means the USA has to find another sucker to borrow from and the increased interest rates will add to the deficit. Not looking good.
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Checkerboard Strangler said:
And most of the money is going to the big corporate owned farms, not Joe the Nice Family Farmer. Yeah sure, the small farms get a few crumbs too but the lion's share of all this is actually inverted socialism going to the wealthy large industrial scale farms.
Click to expand...

CORPORATE WELFARE, the true "Welfare Queens."
/
 
Threegoofs said:
Swear to god... it’s true.

As aid checks go out, farmers worry bailout won't be enough

Trump’s a genius.
Click to expand...

The Art of the Deal. Apparently his biggest contribution was lending his name.

In negotiating the trade deal with Canada, Trump has managed to piss of pretty well every Canadian with his bullying, so now everyone is fully supporting Trudeau, and he is in a very strong negotiating position. So Trudeau is golden, if there's no deal and we suffer, nobody is mad at Trudeau because he stood up to the bully. If there is a trade deal, it will be good for Canada or Trudeau won't sign, so Trudeau gets credit for striking a good deal for Canada.

Being Canadian I'm not complaining, but Christ, is Trump a moron. Actually, Donald, if you can hear me: Thanks for being lazy and remaining an ignorant moron! I owe ya one. ;)
 
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MTAtech said:
So, tariffs are imposed on the American people and the revenue from those tariffs is given to farm corporations. Sounds fair to me.
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You seem to be confused on how tariffs work.

The tariffs on incoming goods are paid by the consumer.
 
Threegoofs said:
You seem to be confused on how tariffs work.

The tariffs on incoming goods are paid by the consumer.
Click to expand...

That's pretty much what he said. Tariffs paid bythe American people and given to corporate farms.
 
Grand Mal said:
That's pretty much what he said. Tariffs paid bythe American people and given to corporate farms.
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But that money isn’t directed to the government.

In other words, non-farm US consumers are paying THREE times- in tariffs, in diverting government resources to subsidies, and in paying interest to Chinese bondholders.
 
Checkerboard Strangler said:
And most of the money is going to the big corporate owned farms, not Joe the Nice Family Farmer. Yeah sure, the small farms get a few crumbs too but the lion's share of all this is actually inverted socialism going to the wealthy large industrial scale farms.

When you think of farming, farms and farmers in this country today, think of it the way you think of film and video production. Yeah sure, there's a crap ton of small potatoes guys like me, who get a few glammo gigs but who by and large produce a lot of corporate and training stuff and small local ad spots, but there's also the vast sprawl of gigantic commercial studio operations, the elite high end outlets, the television production companies and the vast multinational ad agencies.

Most of the food we sell or eat comes from the big corporate farms, and most of the film and TV stuff we watch comes from the elite high end outlets. It works much the same way, only big corporate farmers don't have agents.
Click to expand...

You're absolutely right. The bailout of farmers is not something new. American farmers already receive billions of dollars in federal aid every year to protect them when prices fall due to weather or market fluctuations. Does anyone know of any other business other than banks that are routinely bailed out by the US Government? But this time, it's to compensate some farmers and ranchers from the fallout of Trump's widening trade feuds. This will only get worse, much worse and it will inevitably drive the smaller agricultural farmers out of business. But believe me, Monsanto and DuPont will survive.
 
Threegoofs said:
But that money isn’t directed to the government.

In other words, non-farm US consumers are paying THREE times- in tariffs, in diverting government resources to subsidies, and in paying interest to Chinese bondholders.
Click to expand...


Chinese bondholders are the Party-Government. It's who buys 'em. The Party-Government also collects all USD businesses receive in trade transactions. It's how the People's Bank of China Central Bank which is the Party's Personal Bank got $1 Trillion in USD forex into its total reserve holdings.

Without USD the Chinese economy would go bust quickly. The Party's Bank of China, er, the PBOC, uses the dollar to undervalue the rmb and to prevent Weimar inflation given the massive overcapacity of heavy industrial goods such as steel and the concrete the Boyz are using to pave China under.

The Boyz in Beijing are burning up forex due to the trade war plus their own bungling apart from trade. One notable snafu is that Chinese lost $5 Trillion bucks in two equity market crashes during one long hot summer, in 2016. Decreases in sales in USA due to tariffs mean fewer bucks into the PRC. It's called a squeeze. Suicide squeeze. Boyz in Beijing know the debtor nation always has the natural advantage in a trade war, and that's who usually starts 'em and why. So far so good.
 
MTAtech said:
So, tariffs are imposed on the American people and the revenue from those tariffs is given to farm corporations. Sounds fair to me.
Threegoofs said:
You seem to be confused on how tariffs work.

The tariffs on incoming goods are paid by the consumer.
Click to expand...
Click to expand...
Not confused at all.
Who do you think the "American people" are in my post, if not consumers?
 
Threegoofs said:
Swear to god... it’s true.

As aid checks go out, farmers worry bailout won't be enough

Trump’s a genius.
Click to expand...

Obama and Congress failed 10 years ago by spending the US into unsustainable debt by borrowing money to 'stimulate' the economy. What such government spending does is push the US ever closer to inevitable insolvency. When insolvency comes then so will massive economic and social changes, plunging America into enslavement to a corrupt one world governing body. It will seem like hell on earth for those former Americans still living here in the former God Bless the USA, but, of course, the real hell is actually much worse.
 
marke said:
Obama and Congress failed 10 years ago by spending the US into unsustainable debt by borrowing money to 'stimulate' the economy. What such government spending does is push the US ever closer to inevitable insolvency. When insolvency comes then so will massive economic and social changes, plunging America into enslavement to a corrupt one world governing body. It will seem like hell on earth for those former Americans still living here in the former God Bless the USA, but, of course, the real hell is actually much worse.
Click to expand...

Oh, right.

It’s Obama’s fault.

Thanks for the info.
 
Threegoofs said:
While you may have a fantasy about what I suggested, I think it’s pretty clear what I’m saying to both of us.
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A fantasy? What would I be fantasizing about? You said the U.S. is borrowing money from China in order to execute on the President's tariff policy, that the former is the mechanism for accomplishing the latter.

Pretty sure you've made this claim before, like weeks ago. It seems a bit disingenuous.
 
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