U.S. Economy and its Mess

[Kulindahr]

 

[rareboy]

A lot of farmers have lost the cheap labour and were subject to wildly more expensive fertilizer because of tarriffs.

But TrumpCo. are all in this.

JD Vance and others are part of large agro businesses that will buy the land, tear down the buildings and farm at an industrial scale.

 

[Thad1527]

A survey years ago compared two California towns: Arvin, which was surrounded by corporate farms, and Dinuba, which was surrounded by family farms. Dinuba was better by every standard, with more community organizations, better library services, and so much more

 

[rareboy]

Corporate farming sucks the life out of the community...no question.

The problem is, the age of the 100 to 200 acre family farm is over.

 

[rareboy]

 

[rareboy]

 

[rareboy]

So this is really bad. The 'investments' Trump keeps bragging about are turning out to be payday loans.

Someone must have tipped them off that the trading partners they are fucking over had come up with a scorched earth tactic...they could sell their US treasury bills en masse. It was
Carney by the way who first proposed this approach which is another reason why TrumpCo. doesn't want a deal with Canada.

Getting the guarantee of high interest loans seems to suggest that the US economy is actually running out of steam.

And knowing how Trump stiffs his creditors....the world should be careful.

 

[rareboy]

Hassett has been one of the Baghdad Bob's for Trump for months.

Apparently he is finding out it isn't all as rosy as they were trying to present.

 

[Kulindahr]

The problem is, the age of the 100 to 200 acre family farm is over.

That's been over for years. Even in the 1990s ten times that size was necessary in most of the country.

I've lost contact with friends in Minnesota who with neighbors formed their own corporation, effectively merging their farms into a conglomerate that ended up with over 4,000 acres -- just to stay competitive.

 

[Kulindahr]

That's not really breaking, it's been true across the globe for a couple of decades at least in terms of jobs.

And I just heard on the radio that Trump's policies have had an effect on a U.S. manufacturer looking to build a new plant: thanks to the tariffs, they're going to build in Mexico instead of the U.S. I expect that to continue; the tariffs aren't going to make anyone who sells overseas want to build anything new in the U.S.

 

[rareboy]

We all know this is happening. The service economy is shrinking.

 

[Kulindahr]

What's missing is the fact that due to inflation worker pay actually shrank.

 

[Kulindahr]

 

[Kulindahr]

 

[Kulindahr]

 

[Kulindahr]

 

[Kulindahr]

 

[rareboy]

So what about those cheaper groceries that Trump campaigned on?

 

[rareboy]

 

[rareboy]

US producer inflation heats up as goods, services prices soar

Producer prices increased by the most in three years in July, suggesting a broad pickup in inflation was imminent. "This is a kick in the teeth for anyone who thought that tariffs would not impact domestic prices in the United States economy," said Carl Weinberg, chief economist at High...

www.reuters.com

^ oops missed the time limit on my comments. What I was going to add is that I think TrumpCo. and Congress have factored in a big jump in prices into 2026. But then we will start to see only the usual year over year increases. You can bet that they won't be releasing 3 year retospective data.

And when the rate of increase slows, they will claim that inflation is under control and that the economy is now great again...just before the mid-terms.