40% of farm profit now comes from gubmint

[Veer2Eternity]

capitalism?

https://www.bloomberg.com/amp/news/...tcies-surge-24-on-strain-from-trump-trade-war

 

[Duck_walk]

But China is paying for the tariffs, bruh.

 

[Blondee15]

But China is paying for the tariffs, bruh.

China is paying bigtime. They continue to devalue their currency so they can lower their prices on goods shipping worldwide. It’s eating them up from the inside. Look at what’s happening to their economy. Trump is bringing down China just like Regan collapsed the Soviet Union

 

[Neutron Monster]

China is paying bigtime. They continue to devalue their currency so they can lower their prices on goods shipping worldwide. It’s eating them up from the inside. Look at what’s happening to their economy. Trump is bringing down China just like Regan collapsed the Soviet Union

China's currency on January 20, 2017: 6.84 per USD

China's currency today: 7.04 per USD

The amount of devaluation is overstated. China doesn't want to devalue too much, and most market commentators think they are actually acting to prop up the currency.

And dear Lord, Reagan didn't bring down the USSR. The USSR brought itself down.

 

[Duck_walk]

Those damn facts