No clue. Do they always sign deals with China? I strongly suspect Argentina is still going to sell commodities to countries around the world
In September, China bought no US Soy, we once were their largest supplier. In October they announced a massive deal with Argentina. That leaves American farmers cut out and angry.
I don't mind helping countries, including Argentina. The funny part is Trump doesn't give a damn about the Argentinian people, he just wants to prop up a fellow bro. That doesn't seem nearly as helpful to me.
The U.S. farm economy isn’t great, productivity is at or near record highs, prices are not great and we are dependent on China, ethanol and HFCS as markets, land prices and input prices are out of bounds. It can’t continue as is.
Don't forget dudes who drive ice cream trucks and unmarked, old conversion vans.I'm rawdogging it bro. 401k is pretty spread. This is more of my post tax fun money/pseudo-early retirement bridge shit. I've seen the ETFs etc. I'll trust you on Coinbase b/c this is the internet.@larsiu if you have an advisor have them buy one of the ETFs and talk about what percentage of your portfolio is reasonable (they'll probably say 1-5%). It's also best for tax purposes. If you want to buy it yourself, Coinbase is my first choice.
I teach my kids to trust only two things in life. People on the internet and people with candy at parks. I've used Coinbase for years. It's easy and you can set up auto buys.
@boogie the swap line to Argentina isn't adding to our debt.
How is giving Argentina helping Americans, when they aren't buying from us, buying from China instead, who also isn't buying from us, to the point we have to bail out farmers again.
That money comes from us to bail out farmers, correct? Definitely helping the debt out.
Boogie, nobody hates Central Banks on here more than myself. I send @jdb a Christmas card every year of me taking a shit on the FED. With that said swab lines are done through Central Banks and don't add to the deficit. It's for liquidity issues, stabilizing currencies, and etc.
where are you getting this? Swap lines with poor nations are inherently risky and absolutely increase debt in the case of default. We typically only do it with other developed nations to avoid that risk. China takes that risk to gain geopolitical leverage.
https://twitter.com/bonchieredstate/status/1981069983879975396?s=46
@jdb how sorry are you for these poor boomers?
drop them off the cliffs at Brandon dunes
Daughter felt shitty yesterday. Woke up today. Same drill. Two choices. ER. Or bloodwork. Same hospital. 1000th time we’ve done it.
go in for bloodwork. Wait. Wait. Wait. There’s a standing order for her right? Right. Done. Let’s roll.
ex did you ask Dr so and so for an order.
no it was there. Standing order.
Well you didn’t do anything she needed. Amylase lipase.
why the fck wouldn’t they know that. It’s only been in her chart a hundred times. It’s literally the only reason we are ever there. Bloodwork there then if bad up to the 10th flr.
our healthcare system is ridiculous
@mapletom stop with the lying. Marv never said anything about them being right wingers. I respond to him saying they are doing it because he is a fellow bro.
And for the record they're not doing it because Milei is a free market right winger. We already had this conversation.
”Bro” implied all that.
We actually didn’t have a conversation about Milei. You tried to make some points about Argentina’s relationship with China but then you left the conversation when you got called out for providing bad info, which you did again in this thread.
My man, every issue in the galaxy isn’t a contest between fundamentalist capitalist Christian-right conspiracy theorist bitcoiners and the world. I had friends who worshipped at the altar of Zero Hedge back when it was cool. I’ve done my time.
Marv can speak for himself. Don't put words in his mouth. I stopped responding to you because your posts were dumb. Lastly, Bitcoin is awesome. Like the best thing ever. Get your life in order and rethink everything.
@boogie the swap line to Argentina isn't adding to our debt.
How is giving Argentina helping Americans, when they aren't buying from us, buying from China instead, who also isn't buying from us, to the point we have to bail out farmers again.
That money comes from us to bail out farmers, correct? Definitely helping the debt out.
Boogie, nobody hates Central Banks on here more than myself. I send @jdb a Christmas card every year of me taking a shit on the FED. With that said swab lines are done through Central Banks and don't add to the deficit. It's for liquidity issues, stabilizing currencies, and etc.
where are you getting this? Swap lines with poor nations are inherently risky and absolutely increase debt in the case of default. We typically only do it with other developed nations to avoid that risk. China takes that risk to gain geopolitical leverage.
You think typing in numbers on a computer to secure access to real stuff is risky?!?!🤣🤣🤣🤣
@boogie the swap line to Argentina isn't adding to our debt.
How is giving Argentina helping Americans, when they aren't buying from us, buying from China instead, who also isn't buying from us, to the point we have to bail out farmers again.
That money comes from us to bail out farmers, correct? Definitely helping the debt out.
Boogie, nobody hates Central Banks on here more than myself. I send @jdb a Christmas card every year of me taking a shit on the FED. With that said swab lines are done through Central Banks and don't add to the deficit. It's for liquidity issues, stabilizing currencies, and etc.
where are you getting this? Swap lines with poor nations are inherently risky and absolutely increase debt in the case of default. We typically only do it with other developed nations to avoid that risk. China takes that risk to gain geopolitical leverage.
You think typing in numbers on a computer to secure access to real stuff is risky?!?!🤣🤣🤣🤣
Jeebus, that’s not how currency swaps work or else we’d have deals with half the world.
@boogie the swap line to Argentina isn't adding to our debt.
How is giving Argentina helping Americans, when they aren't buying from us, buying from China instead, who also isn't buying from us, to the point we have to bail out farmers again.
That money comes from us to bail out farmers, correct? Definitely helping the debt out.
Boogie, nobody hates Central Banks on here more than myself. I send @jdb a Christmas card every year of me taking a shit on the FED. With that said swab lines are done through Central Banks and don't add to the deficit. It's for liquidity issues, stabilizing currencies, and etc.
where are you getting this? Swap lines with poor nations are inherently risky and absolutely increase debt in the case of default. We typically only do it with other developed nations to avoid that risk. China takes that risk to gain geopolitical leverage.
You think typing in numbers on a computer to secure access to real stuff is risky?!?!🤣🤣🤣🤣
Jeebus, that’s not how currency swaps work or else we’d have deals with half the world.
We're not talking about half the world. We're discussing Argentina. In your endless attempts to obfuscate you compared them to random 3rd world countries, not myself. They have more than enough commodities for the U.S. to extend swap lines. We will not add any debt from extending swap lines to Argentina. Zilch. Not a dime.
Also, China started reinvesting surpluses into real stuff around the world because it's a better invest than long term U.S. treasuries.
You know what....I went and talked to my local banker today and he extended me a loan for 2 million dollars because he said I was his dude. I thought I might have to have some assets or good credit, but he said I just needed the same ideology. I guess maybe you are right after all 🤷🏻♂️
Serious question: what are the benefits to the US from doing this?
I think the outsourcing of our manufacturing and rare earth minerals has become a major national security issue and Covid woke up a lot of important people to just how vulnerable we are. A major objective of the administration (and some of the military) is to lock down the Americas and send a clear message to China to get the f#ck out. I think it's part of the reason for tariffs, Greenland shit, and harsh treatment of Mexico, Canada, Venezuela, Columbia, and Brazil. Obviously, not everyone agrees with the strategy because it's a major shift.
I don't take the Trump and Bessent are big dummies narrative serious. It plays well to masses, but Trump isn't an idiot and neither is Bessent. Extending swap lines to a pro American Argentina President is a no brainer.
Serious question: what are the benefits to the US from doing this?
I think the outsourcing of our manufacturing and rare earth minerals has become a major national security issue and Covid woke up a lot of important people to just how vulnerable we are. A major objective of the administration (and some of the military) is to lock down the Americas and send a clear message to China to get the f#ck out. I think it's part of the reason for tariffs, Greenland shit, and harsh treatment of Mexico, Canada, Venezuela, Columbia, and Brazil. Obviously, not everyone agrees with the strategy because it's a major shift.
I don't take the Trump and Bessent are big dummies narrative serious. It plays well to masses, but Trump isn't an idiot and neither is Bessent. Extending swap lines to a pro American Venezuelan President is a no brainer.
Sorry I understood almost none of that. My question wasn't rhetorical. I'm genuinely curious what doing this does for us. But you'll have to explain it like I'm an amateur.
@arthur-dent you're clueless if you think they did it to help out a fellow bro. Whatever that means.
Who is the leader of Argentina? Does he have a close relationship with Trump? There are people in the world in far worse shape, they just don't have someone so willing to be Trump's mini-me. Note the deal is contingent on Milei winning reelection soon. That is helping out a bro, not the people.
And screwing over not just US Soy farmers but US ranchers. He is promising to bring in more Argentine beef. Ranchers are very unhappy. Doesn't this go against your economics, bringing in cheap foreign goods?
https://www.google.com/amp/s/www.cnbc.com/amp/2025/10/22/trump-ranchers-beef-tariffs-argentina.html
Serious question: what are the benefits to the US from doing this?
I think the outsourcing of our manufacturing and rare earth minerals has become a major national security issue and Covid woke up a lot of important people to just how vulnerable we are. A major objective of the administration (and some of the military) is to lock down the Americas and send a clear message to China to get the f#ck out. I think it's part of the reason for tariffs, Greenland shit, and harsh treatment of Mexico, Canada, Venezuela, Columbia, and Brazil. Obviously, not everyone agrees with the strategy because it's a major shift.
I don't take the Trump and Bessent are big dummies narrative serious. It plays well to masses, but Trump isn't an idiot and neither is Bessent. Extending swap lines to a pro American Venezuelan President is a no brainer.
Sorry I understood almost none of that. My question wasn't rhetorical. I'm genuinely curious what doing this does for us. But you'll have to explain it like I'm an amateur.
The short answer is it gives the U.S. more influence in Argentina and China less influence.
Argentina currently has a swap line with China. Using the soybean example. Do you think it's better for U.S. farmers to have China controlling/influencing a major soybean nation or the U.S.? One of the articles posted mentioned Argentina scrapped their tariffs for a bit to sell a large chunk to China. Is that more or less likely to happen with the U.S. extending the swap line and China no longer having one with them? I think it's less likely.
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