submitted 4 days ago by yogthos@lemmy.ml to c/worldnews@lemmy.ml

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[-] Arancello@aussie.zone 36 points 4 days ago

Lets see if I understand the situation.

Trump starts trade war with China.
China retaliates, stops buying agricultural products from the americanos.
Farmers sales crash.
Cropping Loans for fertilizer, seed, herbicides, fuel, etc come due.
Farmers start defaulting. (Looks like the opening scenes of the “Big Short” movie, where casual drive through housing developments shows big houses financed with short term debt starting to weigh on bank balance sheets.)
Farmers plead with Trump for more welfare.
Trump stiffs them
Chinese buy all their soy beans from Argentina
Trump gives $20billion USD to Argentina, thumbs nose at farmers.
Farmer groups blame Biden policies, vote Republicans again in mid-terms.