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ACuriousPLAFan

Brigadier
Registered Member
Temstar said:
View attachment 163268
In order to deal with the rising rice price in Japan, Norikazu Suzuki, the new Minister of Agriculture, Forestry and Fisheries is proposing a rice/food coupon system of 2000 yen per person per day. At current price that would amount to 2.5kg of rice per person per day.
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Something something "Only totalitarian communist countries do food coupons" something...
 
plawolf

plawolf

Lieutenant General
iewgnem said:
They're going to pretend its a RE ban, China's going to allow "compliant" trade, Americans will TACO while US and EU defence and semi industry cries silently in a corner.
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Its actually likely this will accelerate the fragmentation of the EU along similar lines to their split over Russia and Ukraine, where some EU member states (those not utterly compromised and controlled by the Anglos) will seek to comply with Chinese licensing laws to maintain supplies, while those societally cucked by the Anglos will seek to stop them to force a unified front.

There may also be power struggles internally amongst the cucked nations like Germany, where corporate titans may seek to use their power and wealth to influence their government to act rationally or seek to change the government in elections. So expect more unexplained deaths, only this time it will probably extend to corporate titans rather than just election candidates.

But all of that will be too little too late at this stage. China has already signed the death warrant of western advanced manufacturing. It’s now just about managing that decline to try to avoid causing the kind of societal instability that might push them to open war as a way out. So EU companies that are prepared to follow the rules will be allowed to survive, but in order to stay within the rules, they will not be able to act as smuggling fronts for other non-compliant companies.

One of the ironic side effects of the export controls could be a massive wave of investment within the west for e-waste recycling, where they seek to extract some of the REE or even usable components from e-waste.
 
FriedButter

FriedButter

Brigadier
Registered Member
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Scott Bessent says he’s ‘felt this pain’ from China because ‘I’m actually a soybean farmer’​

Treasury Secretary Scott Bessett said Sunday he, too, has “felt pain” from China refusing to buy U.S.-grown soybeans during a trade conflict with President Donald Trump because “I’m actually a soybean farmer.”

Bessent’s comment came during an interview with ABC News’ “This Week,” where he said that trade negotiations with China in the past two days had led to a “substantial framework” that he believed would alleviate American soybean farmers’ concerns about the boycott.

Trump is set to meet later this week with Chinese President Xi Jinping in South Korea.

Bessent, a former hedge fund executive whose net worth is estimated by Forbes to be around $600 million, was asked about the soybean boycotts on “This Week” host Martha Raddatz, who noted that “American farmers have really suffered.”

China in 2023 and 2024 bought more than half of the soybeans grown in the U.S., accounting for nearly $12.8 billion in 2024.

But after Trump ignited a trade war with Beijing earlier this year, China stopped buying soybeans.

“Do you see a real light at the end of the tunnel there, they may allow soybeans again?” Raddetz asked.

Bessent replied, “Martha, in case you don’t know it, I’m actually a soybean farmer, so I have felt this pain, too.”

Bessent’s government financial disclosure shows that he owns soybean and corn farmland in North Dakota that has an estimated worth of between $5 million and $25 million.

On that disclosure, Bessent said the farmland generates between $100,000 and $1 million in rental income for him annually.

The Treasury secretary told Raddatz on Sunday, “I think think we have addressed the farmer’s concerns, and I’m not going to get ahead of the president, but I believe when the announcement of the deal with China is made public, that our soybean farmers will feel very good about what’s going on both for this season and the coming seasons for several years.”
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Bessent’s government financial disclosure shows that he owns soybean and corn farmland in North Dakota that has an estimated worth of between $5 million and $25 million. On that disclosure, Bessent said the farmland generates between $100,000 and $1 million in rental income for him annually.
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Bessent an “soybean” farmer but he conveniently didn’t say that the farmland generates rental income. Heading to bankruptcy just like his real estate agent father who went bankrupted.
 
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