New Gold - part the ninth [update]

Mr. Market is having a nervous breakdown as I type, all the result of a fucking moron running the Damn Gummint. 78,900 other morons put him there. The Fed just put its thumb in the dike, hoping to stave off the flooding recession resulting from The Manchurian President's stupidity.

The amusing part of all this has been the whining from the farm states; 'we can't sell our growing to China!!'.

"The Chinese market is something we've built up over years, and it's been washed away in a short time," said Marcy Svenningsen, who grows soybeans, corn and wheat in North Dakota.

If The Manchurian President really paid attention in his baby econ class (either Fordham or undergrad Wharton), he will know what mercantilism really, really is:

Mercantilism helped create trade patterns such as the triangular trade in the North Atlantic, in which raw materials were imported to the metropolis and then processed and redistributed to other colonies.

IOW, The Manchurian President and his cabal in bidnezz have put the USofA on the wrong side of mercantilism. With all the benefits.

[update]
As usual, that didn't take long.

China's halt of US agricultural purchases will hurt America's farmers in dire need of relief. The trade war has forced Washington to come to the rescue of farmers with billions of dollars in aid. Delinquencies on agriculture loans have tripled since mid-2015 to eight-year highs, according to the St. Louis Federal Reserve Bank.

And

Investors piled into government bonds, driving the 10-year Treasury yield to 1.75%, the lowest level in nearly three years.

Are you surprised?

When will the Damn Gummint send free-money checks to all those city workers put out of work? Once again, the Red states sponging off the Blue.