Big Bud Tractors Resurrected

   / Big Bud Tractors Resurrected #62  
The question I have is why did we ever get involved with them in the first place??
The initial idea was to develop a mutual economic dependency which would bring down the level of tension as neither could afford to beat up the other. Also, it was thought that if the plight of the average person in China could be improved then they would see the wisdom of behaving in a civilized, and not a military manner and that successive generations see the benefit of not stirring up trouble. It actually did work out that way for a while. Then unprincipled people in our own Congress saw the accumulating wealth of China as a big vat of untapped money that could be used to finance their profligate spending by getting China to buy the debt that was needed to be issued to allow the US government to continue its pattern of spending without actually having to pay for it. China had such a humongous trade deficit with us that they had no other course of action but to do just that, as there was no other market in the world large enough to absorb all of the capital that we were creating in Chinese hands.

Two things ensued: (1) China became fearful that the US was intentionally depreciating the value of the US Dollar in order to hurt them and prop up the lifestyle enjoyed by so many recipients of government largesse here. That was at their expense. (2) The apparatchiks who ran the Communist Chinese party had no intention of giving up their position of privilege as their populace agitated for more freedom, and party leaders became more militant in dealing with their own citizens and with the US. Not willing to face what was happening, the federal government under Bush II initially, and then to an unbelievable extent under ***** ramped up their spending rather than trying to get financial matters straightened out. *****’s people discovered the “art” of debt monetization, which is a fancy way of saying “printing money” And that exacerbated the problem exponentially. With so much cash the Chinese resorted to buying real estate in the US, particularly good farmland, in an effort to find a home for all that loot. They see the US as trying to undermine them at every turn and their solution is to become even more militant, even as the average young person in the US has as their biggest concerns gender identity, safe spaces, and class envy.

The world is becoming a much more dangerous place, just the opposite of what Nixon thought would happen when he opened the doors to dialogue with China.
 
   / Big Bud Tractors Resurrected #64  
And here will be Big Bud's new competition. The new Quadtrac 645 with 700 boost horsepower.

I'd still take the C18 Cat in the Bud.
 
   / Big Bud Tractors Resurrected #65  
The initial idea was to develop a mutual economic dependency which would bring down the level of tension as neither could afford to beat up the other. Also, it was thought that if the plight of the average person in China could be improved then they would see the wisdom of behaving in a civilized, and not a military manner and that successive generations see the benefit of not stirring up trouble. It actually did work out that way for a while. Then unprincipled people in our own Congress saw the accumulating wealth of China as a big vat of untapped money that could be used to finance their profligate spending by getting China to buy the debt that was needed to be issued to allow the US government to continue its pattern of spending without actually having to pay for it. China had such a humongous trade deficit with us that they had no other course of action but to do just that, as there was no other market in the world large enough to absorb all of the capital that we were creating in Chinese hands.

Two things ensued: (1) China became fearful that the US was intentionally depreciating the value of the US Dollar in order to hurt them and prop up the lifestyle enjoyed by so many recipients of government largesse here. That was at their expense. (2) The apparatchiks who ran the Communist Chinese party had no intention of giving up their position of privilege as their populace agitated for more freedom, and party leaders became more militant in dealing with their own citizens and with the US. Not willing to face what was happening, the federal government under Bush II initially, and then to an unbelievable extent under ***** ramped up their spending rather than trying to get financial matters straightened out. *****’s people discovered the “art” of debt monetization, which is a fancy way of saying “printing money” And that exacerbated the problem exponentially. With so much cash the Chinese resorted to buying real estate in the US, particularly good farmland, in an effort to find a home for all that loot. They see the US as trying to undermine them at every turn and their solution is to become even more militant, even as the average young person in the US has as their biggest concerns gender identity, safe spaces, and class envy.

The world is becoming a much more dangerous place, just the opposite of what Nixon thought would happen when he opened the doors to dialogue with China.
Just to be clear on a couple things regarding foreign ownership of 'ag land'...

 
 
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