Comments by "Ace1000ks1975" (@Ace1000ks19751982) on "US Farmers Brace for Long Term Impact of Escalating Trade War" video.

  1. The shopkeeper don't order excessive amounts of food. What people eat everyday is finite, you can only eat so much. I look at the expiration date when I buy meats. It is dangerous to eat expired pork, it is full of parasites as it is.
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  2. huntlywestside, your idea of Americans eating up the surplus of food farmers can't export overseas is nonsense. During the Great Depression due to the Taft Hartley Act, a lot of the excess surplus of food farmers could not export due to the tariffs was just left to rot in the field.
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  3. huntlywestside, you don't know anything about farming or the economy. The profit margins are small, like 2 to 3%. Farmers need to buy a lot of things, like tractors, harvesters, seeds, chemical fertilizers, pesticides, etc. They have to borrow money to buy these things. If they have a bad season, they can go bankrupt just like that. We will see what happens in a year that's it. I am 100% sure, this economy will crash.
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  4. It is, but food is perishable. You need to sell it quickly, or it will rot.
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  5. hunlywestside, farms surviving this will depend on a few thing, like does the farmer have deep reserves of cash to take the losses, can they adapt fast enough, and can they replace the market they lost. It isn't just to affect farmers, it will affect the people who sell the stuff to the farmers, like the tractor manufacturers, people who sell seeds to farmers, the petro-chemical industry, etc. It will have a ripple effect on the economy. Most of the farms we have today are large industrial/corporate farms that focus on mono culture. They grow just a few key crops, like soy, corn, wheat, etc. If they start cutting back, it will affect other sectors of the economy, like I stated earlier. In turn if those other industries are affected in a negative way, they will lay off hundreds of thousands of people. That will have another ripple affect on local economies. The people who once had jobs will affect restaurants, and other local businesses. People who lose jobs will default on loans, and cause more foreclosures. You will have a lot of farm bankruptcies too. You have to take other things into account, like foreigners not buying treasury bonds or U.S. debt. This will cause interest rates to go up and up. Putting additional burdens on the population; after all, the U.S. population is heavy in debt. Making interest rates highers will only compound the interest. It will be painful, and we will have a 2008 type of recession. I am absolutely sure of it. Interest rates going up would be a good thing for me, I would just move all of my money into a savings accounts and accrue high interest rates. For most Americans, it would be devastating.
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  6. huntlywestside, it will eventually lead to a stock market crash. Since most of the 401ks, and pension funds are tied to the stock market in someway. It would be bad for pensioners. The amount of money they were promised will dwindle from month to month. I saw that in the last recession which started in 2008. The companies that managed these pensions said sorry, we don't have money. We have to reduce your pension payments. If you tried to get your money out of your mutual funds, they wouldn't let you take it out. They just tried to ignore people by not answering the phones. I am just going to play this to my advantage, I will start shorting the stock market about the middle of next year. Make another killing like I did in 2009.
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