Trump has gone mad with threats. Tariffs on John Deere would cost farmers plenty. 
Fresh Trade Threats
Please note Trump Issues Fresh Trade Threats, Targeting Deere
At a campaign event in Pennsylvania Monday the Republican presidential nominee said, if he were elected, Deere would face tariffs of 200% if it sold made-in-Mexico equipment previously made in the U.S. Trump said that Deere is moving a majority of its production to the country, a point which the company disputed.
The Illinois-based company in June said it would move production of some models of small and medium-size construction loaders to its plant in Mexico from Dubuque, Iowa. Deere in 2022 decided to move production of cabs for large farm tractors to Mexico from Waterloo, Iowa. The cab move is scheduled to be completed this year.
Deere executives said the moves are intended to free up manufacturing space and employees at U.S. plants for other models. The company said it would start assembling its new 9RX tractor line in Waterloo in space formerly occupied by the cab line.
“They think they’re going to make product cheaper in Mexico and sell it for the same price as before and make a lot of money getting rid of our labor and our jobs,” Trump said. “If they’re going to do that, then we’re going to put a 200% tariff on everything they want to send back into the United States.”
Deere said it has invested over $2.5 billion in its U.S. factories in the past four years. The U.S. is Deere’s largest market.
The nation’s economic ties with Mexico have long drawn the ire of Trump but the latest threat appears to be an escalation in his tariff rhetoric. He has already promised to impose tariffs of up to 60% on China and 10% to 20% on other countries.
Dear Farmers
Trump has a message for you: “I promise to make you pay as much as possible for farm machinery.”
Check it out. Trump would put 200 percent tariffs on Deere but 60 percent on China.
And how are farmers doing?
Corn Price Per Bushel

Corn prices are about where they were in 2007.
Technically speaking, the price of corn put in a double top and looks poised to drop to about $3.00 a bushel.
Soybean Price Per Bushel

Soybean prices are also about where they were in 2007.
Technically speaking, the price of soybeans put in a double top and looks poised to drop to about $8.00 a bushel.
Combine and Tractor Statistics
- Nearly 360,000 total tractors and combines were sold from dealer lots in 2021 in North America according to Successful Farming.
- According to Avant Marketing Group’s 2022 Power Brand Study, 60% of surveyed farmers owned a John Deere combine, followed by Case IH at 28.2% and Gleaner at 4%.
- The 2024 list price of a 2024 John Deere S770 is $569,500
So yeah, Mr. Trump let’s bump up the price on all of those. Farmers are so profitable, they can afford it.
Don’t tell me this is just postering. Trump is tariff man and out to prove it.
Then again, Trump says so much total bullsheet that perhaps this is just more of it.
The Kamala Harris Plan to Create More Housing Shortages
Meanwhile, on the other side of the two-compartment looney bin, please note The Kamala Harris Plan to Create More Housing Shortages
And both sides are in competition over more child tax credits, taxes, on tips, and tariffs.
While Trump blustering nonsense, Harris is desperately trying to say nothing at all.
But give Harris credit. Whereas Harris understands the need to keep her mouth shut, Trump has no idea what to say or how to win votes.
Two Ways to Lose
Hurry, hurray, step right up. Over here kid. You can’t lose.
If you want more inflation, there are two ways to get it: Vote for Harris or Vote for Trump.
Convince me I’m wrong.


But Trump and the Reps and Dems also want the dollar to be debased, remember Trump was telling Powell/the fed to cut rates, and that fueled manic housing and RE speculation, and the expensive housing makes Deere have to pay more to workers, though they’re Deere probably supports QE also as it makes their debt cheaper (at other’s inflation expense, of course), point is, it’s fault if the Republicans and Democrats, and their ignorant, or at least uninformed voters for moving these jobs overseas and instead of getting the root of the problem, socialism of RE values, they want deflect blame and deceive the citizens of their own responsibility. We gotta tell our politicians to get all the rest of the mortgage backed securities out of govt ownership, and quit all other interest rate suppression, and that will get the USA back to natural sustainable domestic job creation, or they (the politicians) can leave office if they’re not onboard.
From the NY Post
https://nypost.com/2024/09/25/us-news/pennsylvania-farmers-cheer-trumps-200-tariff-threat-on-john-deere-they-cant-be-high-enough/
Something seem to be amiss with your reasoning.
Globalization (outsourcing to the lowest price country) is rapidly declining because of the political division and illegal immigration around the world. In an ideal world, void of Neocons, globalization is the proper solution, as globally integrated supply chains where everyone benefits is necessary for civilization.
The reality is the mother WEFers and Neocons want nothing close to civilization and don’t care about the economic consequences for the sh*t they’re selling. We have a solid 8 yrs of the sh*t hitting the fan (WWIII), where supply chains need to be as close to home as possible. Mexico should not be a problem, but who knows. Canada is supporting the WEF’s Great Reset.
Whether Deere knows it or not, forcing or incentivizing companies to keep manufacturing in the US is for their own good. Although, if Harris wins they may be forced to start making munitions. I would prefer dropping the Corp tax to 15% versus tariffs. The carrot is better than the stick.
Well, hell let’s just rubber stamp having everything manufactured overseas. Those 56% of Americans who support tariffs must be idiots like Trump. They don’t realize that not make anything just to find the best possible price is the way to go. Sounds like a great idea, right? Well, what happens when the foreign manufacturers figure out that we have to pay whatever price they set, since there’s no domestic source? And if the dollar falls in value like everyone things it’s going to over the next 10, 20, 30 years, then we’ll end up paying even more to import everything.
Tariffs bad . . . Mish says so.
Sounds like it would be a boon for Deere competitors. That’s a good thing. Deere has been parasitic to its employees and customers for years. It’s time they pay up with lost sales.
Crop prices are stagnant due to that fact we are increasing the speed of farming due to technology and other tech gains. We are setting records in corn and soybean yields. The trade war hurt exports, but the bottom line is that our soybeans are inferior to Brazil’s due to protein levels due to their location on the globe and US plant breeders push yield over protein levels. People eat less meat and ethanol isn’t a very efficient use of corn. Commodities farmers had a massive run of very high profits and now have to scale back. The average age of a commodities farmer is plus 62. To avoid taxes from huge profits they retooled equipment. These farmers aren’t going to be buying equipment again.
If you want to help farmers (the bigger from getting even bigger), change the Estate Tax Code to encourage the sale of farmland to others. The way it stands only those with large holdings can continue to buy farmland.
If long shoreman strike oct 1, think it’s over…………POTUS TRUMP. Veep the late great Hannibal L. Watching the assassination hearing on CSPAN>. I’m 100% confident we will see a bunch of high level killings next 5 years………. .crumbling evil empire 101. The puppies are lost. They’ll go to their dirt naps still confused.
Trump is all in against the US farmers: Tariffs and war against migrants (both legal and illegal). I guess this is what deranged MAGA is all about.
YUP. maga nitwits never had to find men to work the hardest jobs in pax dumbfuckistan. native borns are too soft and whiney and on drugs…….
You mean “find workers to work at poverty wages.”
The immigrants are being trafficked to blue collar towns, placed in squalid living conditions, and driving down wages for American workers who are already not making a lot of money in places where the cost of living is pretty low.
Neoliberal Shill For Mass Immigration Gets Wrecked | ZeroHedge
you have no clue. we paid great wages. very tough work. very fair. treated the men fantastic. even became godparents to their kids and paid for their community college.
lol, yeah keep telling yourself that.
You have to separate out farmers. Local foods farmers don’t get subsidies. Commodities farmers get huge subsidy and ethanol boosts. The huge profits from previous years came mostly from our most famous farm socialist president… Donald Trump. MFP and COVID Payments were huge along with PPP.
Headboard Harris is your huckleberry, eh?
And what is Kamala gonna do???
The same thing she has been doing for four years. Ship out our best jobs in exchange for their worst people.
pro tip. YOU don’t own your job. the employer does. start your own business and learn something about life.
If you are competing with 3 people for a job on Monday and 20 people for the same job next week, what happens to the wage of that job? This isn’t a trick question.
“If you are competing with 3 people for a job on Monday and 20 people for the same job next week, what happens to the wage of that job?”
You mean: The wage of Tom Brady, vs a top performer in a sport small enough that only three people are even interested enough to bother?
Last time I checked Kamala was not the president. Now, I understand that you MAGA ignorant want to make it so but still isn’t. Let me refresh your memory of all those “great” thing that you think dementia Trump did wasn’t really the doing of Pence. It seems dementia runs in MAGA
correct. JILL BIDEN has been POTUS for a few years now.
You are running from this Biden/Harris mess faster than Kamala herself.
Severe case of DTS here
Why a Trump Loss is Best for Conservativeshttps://ordinary-times.com/2024/09/25/why-a-trump-loss-is-best-for-conservatives/
there are NO conservatives anymore for the most part. the Rs are radicals. the Ds are warmongering big government. it’s a uniparty of world wide war mongering…….
No. There are still differences. Democrats still have people willing to fight the party whereas Republicans just have spineless members
nope. wrong. follow the money and the bombs. very simple
Headboardphiles can’t defend the empty record of the last 4 years. This is all you guys have. That’s sad.
40. Not 4. You missed a zero.
– Trump has gone mad with threats. Tariffs on John Deere would cost farmers plenty.
> Would it now? I am not at all sure that’s an accurate statement at all? In fact, it’s definitely more of a dishonest, than honest statement IMO, and many, many American Workers, or should I state: “American Ex-Workers, thanks to thoughts of people like You are displaying. A lot of questions left unanswered for American Workers now, and in the very near future. Maybe you can come up with some Honest answers for them?
– Fresh Trade Threats
> ie. Loss of American Job threat’s.
Q1. Deere would face tariffs of 200% (Why?).
A1. If Deere sold made-in-Mexico equipment previously made in the U.S.
Ex. So He is Saving American Jobs is what I and Workers are seeing.
– The Illinois-based company in June said it would move production of some models of small and medium-size construction loaders to its plant in Mexico from Dubuque, Iowa.
Q2. Why small and Medium, the easiest, and most cost effective to build? I am guessing one of the more widely used parts as well?
A2. To save Money On Labor now and we’ll into the future with these particular jobs?
– Deere in 2022 decided to move production of cabs for large farm tractors to Mexico from Waterloo, Iowa. The cab move is scheduled to be completed this year.
Q3. So they have already moved the Larger, and lesser? used Cabs to Mexico, so now they will Move The Rest of that product line? What other lines are scheduled To Move? Are all of the products from those lines going to All Get Moved Too?
A3. Seems like they are looking for Labor, Benefits, and more Savings, by using “Cheap Foreign Labor” to Me.
– Deere executives said the moves are intended to free up manufacturing space and employees at U.S. plants for other models.
Q4. What Specific Models? No New Models are being released before/during a recession, so none there coming anytime soon?
A4. None, but Lots Of Cost Savings for the American Manufacturer’s, that are Outsourcing Jobs to Mexico!!!
– The company said it would start assembling its new 9RX tractor line in Waterloo in space formerly occupied by the cab line.
> When Specifically Again? Crickets… No Time Soon, If Ever, would be my guess…I would await the plant being up and operational on these new items cough, cough… or loose Everything people!
– Dear Farmers: Trump has a message for you: Don’t Allow Your Jobs to be Moved Now or Ever, or they will be gone forever! The Corporation’s Moving Them for “Cost Savings” off of Your Backs, will continue unabated, as you can see right here Above!!
1. Move Big Cabs – Job, Benefit, and Security Losses
2. Move Medium Cabs – Job, Benefit, and Security Losses
3. Move Small Cabs – Job, Benefit, and Security Losses
4. What’s Next? Lots & Lots!!
– And how are farmers doing?
> NOT GOOD! They are Losing Jobs, Benefits & Security!!!
Thanks. You get it.
Globalist believe American citizen is there to supply the Warrior that gets sent all over this world to keep trade routes open. This so the Globalist can Line their pockets with money.
What the American gets in return is the Shaft and the Bill in form of never ending Wars and inflation.
Broken communities, rampant drugs, crime, low paying zombie jobs.
From the Globalist we get mass media propaganda to keep people confused as their good hearts equate kindness to others as a higher value then money.
People are no longer confused and see they are just being used as pawns on the Globalist chessboard.
correct analysis. but alas they are still confused……….see israel and ukraine support by amerikan representatives. democracy always works. people vote themeselves into office. since republic of plato.
Mayor of city of London went off on Trump.
A person might even ask how is it the business of London’s mayor to make comment about a US candidate? What are his ties to the international Globalist Bankers?
add: If people care to think back, Boris Johnson killed the pending deal between Russia and Ukraine to stop that War.
Starmer current PM of UK also tried to lobby Biden into approving missiles deep into Russia.
So who benefits from war with Russia? We now count money by number of bodies that get produced.
dumpy is a big government radical nit wit. so is harris/biden
And they will continuo losing jobs… If not to Mexican workers to increase automation.
Yet Another Reason to not ship American Jobs abroad, as we are losing enough to automation already.
I couldn’t agree with you more!
scott bessent interview gives colour on Trump’s plan (he thinks it’s just part of a negotiating stance). Thing is, he fired Gary Cohn for going against tariff plans in 2016. Tariffs are a bad idea as Hugo Salinas once highlighted. You just end up accelerating the fiscal crisis in the US. Structural deviation of the the dollar, however, is a plan that averts the complete hollowing out/looting of the country by the none other than the DC establishment. Provided Trump doesn’t go insane on tariffs, yes he will still trigger inflation but at the same time re-industrialize and get real wages to catch up.
“Tariffs are a bad idea” Not necessarily, and definitely not always. It depends almost entirely on Why? Tariffs are being looked at, as a resource to be utilized, for the betterment of “America” and “American Citizens”
In some cases they are utilized or mis-used in ways that are negative. This is clearly the complete opposite of that. This is being used to correct bad American Policy by greed, and giving into pressure from those whom benefit the most, as usual…
All else equal, tariffs are always a bad idea. Theft ALWAYS is.
Now, absent government taking _any_ resources from from someone, there will be no government at all. Which; while certainly a huge and obvious improvement over both Trump, Harris, Reagan and Obama; doesn’t seem very popular with the masses. Given that: It’s far from obvious that tariffs are a worse means of funding government than other available ones.
Quite the contrary: As long as border protection is a service rendered by government, charging for activities which increases the amount of work that is required to protect the border; is obviously and inevitably more efficient, hence both more “fair”; and in all other ways superior; to any funding alternative which instead forces someone else to fund that service. Hence, tariffs are at a minimum a legitimate means of funding part of government.
Which is vastly more than can be said for any “activity” taxation; whether “income” or “sales” or “VAT.” Not one of those are even remotely compatible with even the most mealymouthed and watered down “interpretation” of supposed constitutional protections from unreasonable search and seizure. Forcing people to report everything they do; whether performing a service or buying a lemonade; to some STASI organ of The State, such that the latter can then arbitrarily confiscate whatever he wants of it, is such a blatantly obvious violation of “unreasonably search AND seizure”, that only the most from-the-cellular-level-on-up-indoctrinated, captive dimbulbs from a genuine Age of Idiots would even begin to fall for it.
– Economists expect Trump’s proposed additional tariffs, should he be reelected, to act in much the same way.
> So “They Expect” something They “Know Nothing About” to Act the same way, as something that already occurred several years ago. Hmm… And They expect people to follow Them? Wow!!
– On jobs, tariffs were, at best, a wash. Similarly, experts forecast job loss would follow the implementation of new tariffs.
> Hmm.. Well that’s pretty damn hypocritical. Last Time, the tariffs were basically “A Wash”, and they “Forecast” The Same Outcome, with the Implementation of New Tariffs. So “Tariffs Good”?
– Despite these effects, experts found that Republican support for tariffs only increased.
> Well No Wonder!! They appear from the research, from the opposition no less, to “Be A Good Thing” and as I have stated before, they certainly can be at times. They apparently Agree!
– U.S. assets may come under pressure should Trump be reelected and should his administration impose additional tariffs.
> “May Come”, And “Should Impose” CYA or What?
– One expert even expressed concern that they may contribute to fostering a “stagflationary environment,”
> Wow!! “One Expert” out of 6,643? Or was it slightly more or less? “Expected” concern… Whew, he may need a vaca? Man now Stagflation is com… wait er.. “Expected” so not a given just yet…
The key component of being a reserve currency, is to flood the world with US dollars through trade imbalances. Importing more goods than exporting goods achieves this. This can only be supported by high debt levels which eventually reaches a limit.
Enough is enough and the country and populous are not in economic equilibrium.
To those who actually produce something for a living it is obvious.
Trump is right on this one.
Populace
The “never fails” China credit impulse has failed. Every economy that depends on expanding credit for its growth eventually enters a liquidity trap, where lowering interest rates and lending standards no longer boost assets or consumption because 1) households are wary of adding more debt or 2) households cannot afford to add more debt, even at low rates of interest.
China is also mired in the middle income trap, where the elite holds the majority of wealth and the rural populace is still earning very low incomes.
China pulled the global economy out of the 2008-09 Global Financial Meltdown, that’s not going to happen again. Once causal conditions change, so do the results.
The astounding expansion of credit/debt globally is an example of how a “solution” generates “problems” that only get worse the more “solution” is applied. Flooding the economy with low-cost credit works wonders when debt levels are low and there is pent-up demand for credit.
But once an economy is saturated with credit and staggering under the weight of servicing existing credit, adding more debt creates a problem more credit cannot solve: the greater the burdens of debt, the higher the risks of default.
https://charleshughsmith.substack.com/p/whats-changed-whats-different-this
The string is pushing back
I’m sorry.
This is the signs of late stage imperialism.
Everything is chaos. Everyone is unhappy.
And can’t fix the structural problems.
Sorry to see your belligerence on the made in America issue. We need the jobs. We need to re-industrialize. Farmers made a bad choice to over plant corn expecting an ethanol windfall with $7 to $8 a bushel harvest prices.
Just spoke to a mate who has a damaged heart courtesy Pfizer jabs… forced into it to keep his I-banking position….
He had a drink with his insurance broker… the broker admits that the jabs are seriously bad news… his mother died from a massive heart attack after the jab… a colleague had a sore stomach — they thought it was appendicitis… they probe and find he is filled with cancer tumors … stomach pancreas liver etc… Turbo Cancer… he’s dead now.
The broker admitted that cancer claims are OFF THE CHARTS.
I wonder if govts are secretly bailing out these insurance companies out… life claims will also be riding high
The broker is getting monthly cancer screening tests as he took the poison
yawn………….
Kids vaxxed?
Ticking time bombs….
rubbish
Despite some signs that excess mortality rates are declining, life insurance executives and actuaries believe the numbers are alarming and could continue to drag earnings and surge death claims for years to come.
https://insurancenewsnet.com/innarticle/excess-mortality-continuing-surge-causes-concerns
BTW the broker my mate was speaking to deals with health insurance… and the numbers are off the charts…
Can’t be great in terms of those handling life insurance… I know half a dozen Vaxxers who died after the jab in their 40’s/50’s… actuaries don’t like that….
Hahahahahaha… but it is true…
Come on man … everyone knows plenty of people with cancer… I’ve had 2 die of Turbo Cancer recently .. another is battling stage 4 liver and lung cancer…
All were relatively young fit and healthy … but they went to the doctor with a pain… and found out they were at stage 4
I have a cousin who is a minister… she has a few hundred sheeple in her church… never has she seen so much cancer… and other sickness… all vaxxed of course
If it makes you (as a vaxxed person who no doubt has vaxxed his kids)… feel good to call this rubbish…
The please do…
Hate to see you not sleeping at night worried about Turbo Cancer
NOW we are seeing the long term side effects from something invented and tested in less than a year 🙂
The clot shot was not safety tested.
US cancer centers warn drug shortages continue, impacting different varieties of medications
While a shortage of the chemotherapy drugs cisplatin and carboplatin has improved in the United States, some of the nation’s largest cancer centers now report additional concerns related to drug shortages, a new report finds.
Among 28 large cancer centers across the country, 89% reported last month that at least one drug used to either treat cancer, its symptoms or the side effects of treatment was in short supply at their center, according to new survey results released Wednesday by the National Comprehensive Cancer Network.
https://edition.cnn.com/2024/06/26/health/cancer-drug-shortages-continue/index.html
That aligns with ‘cancer claims on private insurance are OFF THE CHARTS’ … and the claims are mostly for Vaxxers (said the Vaxxed broker who is having monthly checks for cancer)
Yawn… Rubbish….
Must suck to be Vaxxed…. you never know if you will wake up with a lump that turns out to be Stage 4 Cancer.
Matters not who you vote for, we’re B.R.O.K.E.
Simple math.
Speak for yourself. People who work hard, save, and invest are doing very well, thank you.
Like the government?
I agree for myself anyway…
Trump has mental health issues. No sane person would propose stupid policies like this. And the mainstream press keeps normalizing him as a serious candidate.
That’s President Mental Health Issues to you, Al. Inshallah
he saved legacy media from extinction. he’s a looney bin. and cultleader. eyeballs for the freak show
Tariffs have historically served a key role in the trade policy of the United States. Their purpose was to generate revenue for the federal government and to allow for import substitution industrialization (industrialization of a nation by replacing imports with domestic production) by acting as a protective barrier around infant industries.[1] They also aimed to reduce the trade deficit and the pressure of foreign competition. Tariffs were one of the pillars of the American System that allowed the rapid development and industrialization of the United States.[2]
Tariffs have been a feature of U.S. trade policy since the nation’s founding. Until the Civil War, they made up the vast majority of government revenue, and remained an extremely important revenue source until the creation of the formal income tax in 1913.
With all due respect, you haven’t done your trade policy homework. The Federal government historically used tariffs as a key revenue source because it didn’t have a tax administration. The infant industry argument doesn’t apply to the US. And the relative demand and supply elasticities of US imports, Trump’s tariffs will simply be a huge tax on the U.S. consumer (and, yes, those tariffs will protect Elon Musk’s second-rate EVs from foreign competition). Understanding this is not rocket science. You only need to be able to draw a demand and a supply curve and understand what a demand and a supply elasticity is. I guess Trump never got to that point in his Ivy League education.
Actually Albert I have done my homework. My contribution to the discussion is not to take sides in the politics, but add historical context to the issue. I find the fiscal and monetary history of the US quite interesting. To understand where we have been can help to plan for the future.
Point taken. And I can see from your post that you are well informed about trade history. But trade history mainly tells us what went wrong in the past, mistakes we shouldn’t repeat. Trump is going to repeat all those mistakes because he has no idea or interest about history.
The press views Trump as entertainment.
And a source of income…
It was the mainstream press that was normalizing Biden as a serious candidate and are doing the same for Harris as well. Mainstream press is Democrat.
I wish …
They will pay the tariffs. Far cheaper than healthcare, maternity leave for gays, sick leave, paid vacations and trans quota hirings.
Lol! Who will pay the tariffs?
Who’s “They”?
Can we get Operation Warp Speed 2.0? But with stricter mandates this time?
We need to injure and kill more healthy people to ensure a robust job market
This nonsense would not happen if we had direct elections instead of the electoral college.
That’s true, but we’d have different nonsense – like 290% voter turnout in precincts in Chicago, Baltimore, NY and anywhere Dems exert overwhelming control of the mechanisms of voting, counting the vote and prosecuting (or not) conspiracies to manipulate the tally. Look at the 2022 election where counting the ballots in several congressional districts in California took a month! In a close election, they’ll just keep adding ballots – and who could stop them, since the constitution is clear that the manner of elections is up to the states – no matter how corrupt they are.
If the blue states are so corrupt with 200% turnout in some districts and engage in crap like inviting illegals to boost the population and electoral votes then perhaps some red states need to cheat as well. Maybe a red state needs to add dead people and NPRs to their population and claim a population of a hundred million at the census. Then use the extra 150 electoral college votes to win the election.
How exactly would direct elections change Trump threatening tariffs on John Deere?
Trump continues to plug for Labor vote.
Not going to be much left of the supposed Blue wall which has ended up wrecking Labor ability to earn a Living.
If Blue wall had delivered jobs and security along with some semblance of a middle class then Trump would have no one looking his way.
Trump continues down the populist campaign trail.
Organized Labor will be heading Trumps way in significant numbers.
Dems are the party of Globalist shills.
Fwiw I’ve said that whomever wins this election is going to regret they won. They won’t be able to fix anything under the stress of debt. I predict an economic collapse in 2025 similar to 2009. We are getting the worst of a bad lot of a bad lot of candidates precisely because smart people know what’s coming and will simply get out of the way. Part of me thinks Trump may be trying to throw this election just so he can play golf.
People say that EVERY election.
It gets more difficult to keep rolling over debt. The Fed will likely have to intercede more in bond auctions to prevent a crisis in the next 5 years. I think geopoliticallly things are moving faster. I would not at all be surprised to see an invasion pf Taiwan on the day the new president is inaugurated.
The Fed, who are working for the Republicans and Democrats, who sell out our county’s prosperity for campaign money, interceding, *is* the crisis. They only make it worse by debasing the dollar to suppress borrowing costs, just look at where it’s gotten us
BTW, I don’t know what it is but it will be something I wouldn’t be shocked if we saw a rise in diseases due to a warming planet. There was also a 300 m megatsunami that was fortunately trapped under a mountain in the arctic in 2023. My ancestors lost their civilization during the great flood the world had around 5000 BC. The planet is certainly entering a more unstable phase at a baseline. We will need AI to solve problems for us because humans don’t have the capability to even comprehend things.
Yes. Global warming is already causing a lot of economic harm. And yes, it is only going to get worse. Because it is impossible to reduce our use of fossil fuels fast enough to stop it.
Nobody is talking about planting trees which is equally important as not using fossil fuels.
The tree cover in Australia is now at its highest level in many thousands of years. The tree cover in Britain is also at its highest in centuries. Same with a number of European countries. The problem is in the Third World but the leftist greenies ignore those countries and attack white Christian’s as evil. Globull Warming is a leftist scam.
A leftist scam? Really? Got any scientific proof of that?
Because all the world’s governments, corporations, militaries etc accept the science and are including it in their future plans. You should tell them all that they are wasting their time. I’m sure they will listen to your scientific explanation of why they are all wrong.
If only it were that simple. There are already 3 trillion trees in the world. We would need another trillion to make a noticeable difference in CO2 levels, and 3 trillion more to make a significant difference. And we cut down 15 billion of them each year for lumber, paper, cardboard, wood pellets, or just to clear the land. We plant just 2 billion per year and it takes decades for them to grow and make a difference. Many well-meaning tree planting programs are useless or even harmful if not done properly (the right mix of trees in the most appropriate locations). And the cost is high.
I am not against tree planting if done properly. But it is not going to make much difference.
Climate always causes harm. Alaska does not produce much due to their cold climate.
Lol! Funny! And Antarctica produces even less!
10000 layoffs at Dell replacing people with AI.
This decade is going to be a rolling employment recession while profits boom. At some point consumers are needed to spend money right ? Or is AI also going to replace money ?
That’s a story that’s been playing out for the last two centuries. Two hundred years ago there were 1 billion people. Most of them worked. Today there are 8 billion. Most of them work. Which means that in spite of all the technological improvements and elimination of jobs that occurred, there are far more jobs being created than destroyed.
It works until it doesn’t. We are about to hit the upswing of a technology that destroys more jobs than it creates. Think rise of the machines. By 2100, I think half the world won’t need to work and governments will have to come with universal basic income where people go to Starfleet Academy to explore other worlds. The bottom line is the rate of change is going to be on a scale that humans can’t deal with.
there is no need or any human to work more than 2 or 3 hours per day in 21st century. at most. go read in praise of idleness. 100 year old take on this proposition due to mechanization. Bertrand Russell. i’ve only worked 5 hours per week for past 30 years.
Agree. But how does that work in the current economic structure?
i did it. no problem. don’t borrow money. don’t shop for stooopid stuff. avoid mcmansion lifestyle of idiots………it’s pretty simple. past 30 years i haven’t worked more than few hours per week.
Just wondering, how do you afford rent or if you own a house, how did you acquire it?
Cargill can then move farms to domestic products instead of profiting for export making things cheaper domestically, and frankly, if anyone wanted to read how John Deere totally screws over the equipment owners especially with maintenance and software, the US should threaten these companies – leave, and we’ll find a replacement, or stay and have your continued gross profits.
Free markets adapt to the loss of market whales just fine with new companies
“As democracy is perfected, the office of president represents, more and more closely, the inner soul of the people. On some great and glorious day the plain folks of the land will reach their heart’s desire at last and the White House will be adorned by a downright moron.”― H.L. Mencken, On Politics: A Carnival of Buncombe
Dumpy is an idiot. he’s no conservative. he ain’t even a moderate Repug. he’s a radical moron. see below for a sober take on cartographic and electoral porn. i spent a few years in my 20s doing computer cartography and GIS. gerrymandering for NYS task force……figured out the game early on.
https://dnyuz.com/2024/09/25/republicans-electoral-college-edge-once-seen-as-ironclad-looks-to-be-fading/
Too bad you had no opportunity to work on the Illinois congressional district maps.
Many are classics.
Especially in and around Cook County.
what a great job. MIC level computing and cad cam systems. paperless office. instant messaging. intranet between a few NYS cities. i’m talking 1983 to 1986. we used systems the NSA and CIA and Bomb makers had…………..and best part was learning how the world works as a young man. one cigar chomping R state senator in one corner. One D in another. all horse trading for the demographic maps. fed and state and local districts we mapped………….like star wars meets THE path to power………..
learned early on it is one big uniparty and WE ain’t in it. i still marvel at how naive and dumb folks are in their 30s to 70s. not getting the big grift. middlebrows have been like that for thousands of years. divide and conquer nit wits is sport for machievelli types.
The Golden – rule.
The invincible Zelensky lectured the UN. Putin : out of Russia in two weeks or else I will nuke u. He will nuke the Ukraine in 2024, more than once. ME painkillers prescription to reduce Europe chronic inflammation.
For three years Putin is warning NATO and the Ukraine. Only Trump got it.
Putin has been warning since 2008 and before.
Price controls on credit cards, 200% tariffs on farm equipment, no tax on social security, you’d think this was all coming from a Bernie Sanders not the GOP nominee for President. Oh the irony…I guess we’re all socialists now, it’s just a matter of which flavor of socialist.
Don’t be surprised if Trump suddenly becomes pro-choice on abortion….
And you guys wonder why I’m cashing out to some other country.
dumpy is a downright moron. his people are the same. hat tip HL MENCKEN
The amazing thing is no one but Mish (and me) is calling Trump out for his buffoonery and socialism. If Harris had made those comments, people here would be howling to the moon but Trump makes them and they like it.
majority of mish commenters are nit wits. i imagine there are many readers who don’t comment that have half a brain. i think his commenters 15 years ago were 100x better………seems like the TDS type 1 and type 2 disease are here. type 1 is left morons. type 2 is MAGA cult morons. both morons.
The third way has always been a signature of both Wisdom and paradigm change. Consult my post below.
Have always loved Mencken, but ultimately we have to brush past our cynicism and embrace paradigm changes which are always absurd until they resolve all of the anomalies of the current one.
Trump addressing the Economic Club of New York:
“…sanctions ultimately kill the dollar and kill everything the dollar represents. We have to continue to have that be the world currency…I think that if we lose the dollar as the world currency, I think that would be the equivalent of losing a war. That would make us a third world country…you’re losing Iran; you’re losing Russia.China is out there trying to get their currency to be the dominant one…I want to use sanctions as little as possible. I stopped wars with the threat of tariffs…The biggest threat you have is that you lose that [dominant] currency, and we have lost something we can never get back….
John Deere had a lot of layoffs this year. They claimed it was because business was down. Turns out, part of the reason is they are transferring work to Mexico.
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John Deere is not exactly loved by the farming community these days with their rapacious ways. Going to tractors as a service model, ignoring right to repair, while being expensive as he!!. This market is ripe for disruption and would be by the Chinese if not for tariffs
This is the real story. John Deere is run by Wall Street parasites. Farmers would do well to look to competitive products to avoid them in the future.
news flash. entire amerikan economy is run by wall st parasites. from the US navy to MICC to food, drugs, health, even homelessness and despair is a profit center for those twats. i grew up in a wall street hood and am a life long trader. the worst of mankind. they became the ruling class in the 80s…………hat tip Raygun and Rostenkowski and TIP o’neill………….
The worst part is that you often can’t even get good service from Deere. Their dealerships have been heavily consolidated by players who run extremely lean inventory. I know plenty of farmers who have been left sitting during harvest time when they had a breakdown and couldn’t get a common part.
Deere earned their reputation by having parts available for anything. I remember an elderly used farm equipment dealer telling me how he could get parts for anything Deere made going back a hundred years. That’s no longer the case. Now they can’t go back five years.
Many farmers are moving to other brands. Having a breakdown thag cannot be fixed in reasonable time during harvest is a nonstarter for these folks. The harvest window can be very short, so any extra time on breakdowns is a killer.
I know a hay equipment dealer who told me years ago that his business has picked up a lot due to people switching away from Deere.
Edit: But that still doesn’t make tariffs a good idea. Only bankers win in wars, whether trade wars or conventional wars.
The biggest economic problem, the key problem in fact, is the monopoly paradigm of Debt Only that Finance wields against all economic agents individual and commercial. Integrte the new monetary paradigm into the Debt Only system and the deepest problems we face will resolve to the benefit of everyone. If you don’t/can’t see this you will just keep on insisting that the sun revolves around the earth and the planets do epicycles in their orbits as well.
Pols on all sides are a shit show. Historically, the only thing that will make them honest is a paradigm change.
Deere can move to a non union right to work state to produce economical farm equipment. Union employees can get a job at Walmart. Farmers can buy robot equipment to grow and harvest fruits, vegetables, greens, and berries to end the American obesity/cancer/atherosclerosis epidemic. Congress can make American taxes the lowest and most competitive in the world. And USA will be a better place with 200% tariffs on imported manufactures. Build a capitalist manufacturing utopia and they will come.
Didn’t work out so well for Great Britain in the long run.
Currently not working out so well for Germany.
“England is a fag country” – Archie Bunker
John Deere combiners cost $500K/$800K. Repairs are farmers biggest expense. Mules and donkeys eat hay. Iran is for ME peace in order to focus on nukes.
Trump : John Deere made in Mexico will cost : $2,000K/$2,400K. Farmers will be hurt. Indian combiners will dominate the market. Dodge RAM will cost $240K.
because J Deere totally screws over their customers on maintenance, especially with the damn software. Screw them
You have to have high tariffs if you are going to have high personal and corporate income tax rates. There cannot be 2 different tax regimes, or everything will migrate to the lower tax regime over time.
This is why I pay as little attention as possible to politics and politicians. They will say anything to get your vote. Though Trump is particularly “special” as he has to also add in as many inflammatory statements as possible. Just to stir up his moronic cult followers.
10% tariffs on everything, 60% tariffs on China, 100% tariffs on EVs, 200% on Deere. Soon it will be 500% and 1000% tariffs.
And the other countries will pay the tariffs; not Americans. Lol! And his cult morons believe that sh*t and cheer. What a bunch of dumb f*cks!
What else is he promising? No tax on tips, no tax on overtime, no tax on social security. Soon it will be no taxes at all. Just tariffs. And he will collect so much he will pay off the national debt, just like he did last time. Till the Dems ran it back up. Right.
Oh well. Best to ignore the sh*t show and focus on my health and wealth. Keep up the good work Mish!
Excellent Post PapaDave, could not have said it better myself !
Thanks!
Well you have to pay *some* attention Papa. I had Deere on my stock watch list and regret I didn’t pick up shares at $346 but is still a good value play at 14x earnings but now with the big clown threatening tariffs that could kill the stock if he wins and follow thru with the threat so I’m going to stay away until after the election.
I’m now looking at oil & gas plays since they are in deep value territory. I picked up more DVN shares and sold calls against it to average down.
Also looking at Chevron for the dividend now that T-bills are sliding down in yields.
The important thing is A.B.P….always be profiting.
Had to stop profiting and start giving it away.
That’s after they told me they wouldn’t put anything left in the box with me.
You need a gold coin for the river Styx or you’re in deep trouble.
I profited so much, I got tired of profiting. Now I can’t give it away fast enough.
Yep. Today I was buying back the oils I sold on Tuesday. Buy the dips. Sell the rips. Repeat.
Hmmm… no income tax, just tariffs. Sounds positively… constitutional. Next thing you know, we’ll be avoiding foreign entanglements and having rights reserved to the states and to the People.
BTW, most Trump supporters aren’t “cultists”. They tolerate his flaws and foibles because he annoys their enemies.
Lol! Yes. No income taxes. Just tariffs.
Actually, from a personal point of view; I’m all for it!
But I’m certainly not dumb enough to think it would work.
You would have to be a dumb f*ck cult member to believe it would work.
Alexander Hamilton was a cult leader.
When it comes to trump, it’s hard to take anything he says at face value. It seems to me trump is best described by Thomas Paine: Men who look upon themselves born to reign, and others to obey, soon grow insolent; selected from the rest of mankind their minds are early poisoned by importance; and the world they act in differs so materially from the world at large, that they have but little opportunity of knowing its true interests, and when they succeed to the government are frequently the most ignorant and unfit of any throughout the dominions.
Thomas Paine
idiocracy was the greatest future of our generation. like animal farm by orwell……….
Why yes, Virginia there is a Charlottestown…
And the “word ‘tariff,’ when properly used, is a beautiful word.
One of the most beautiful words I’ve ever heard“ —King Chaos the Shit Talker.
dumpy is a moron. we’ve known him for decades in gotham. in fact my grandfather was pals with Fred Trump. donald was a known moron by everyone around him………..