Hi Peter, as an importer into the UK and having just returned from Shenzen, I can say that everything you are saying is correct. The factories are all desperate for orders, which have dired up from Western countries. Most of our factories are operating at 50% normal capacity and it is getting worse. Many importers placed large orders during the Covid boom which couldnt be fulfilled, but these orders were mainly delivered throughout 2022 leading to excess inventory. Now most importers have too much stock owing to lower demand after IR rises.
And this is in the middle of the US re-industrialization renascence. America has added a net *800,000* manufacturing jobs in the last quarter, and remember this is not 20 year old shuttered factories re-opening, these are brand new peak value add factories with almost exclusively very high paid and very productive employees, so the value in product coming online in America in the next few months is truly staggering, and all that new supply is going to compete with large international advantage, and obviously massive advantage domestically. A lot of it is high productivity jobs moving in from Europe because of the energy price swing and so is technically global supply net zero, but a strangely large amount is just outright new production that is going to crash into the markets with a huge amount of cheap energy and high per-worker productivity advantage that we've not seen in decades, especially not from the US.
According to Klaus, the founder of the World Economic Forum (WEF), China and the WEF have a close relationship. On the WEF website, there is a document from 2016 that discusses how *Marxism can be reintegrated* into business. The last 3 years it have all been about about controlling the population. The WEF has repeatedly stated that China is a source of inspiration.
I am consulting to large companies in China seeking to relocate their manufacturing assets to the Middle East. I am extremely busy! Key driver is cost of labour, Government subsidies vanishing and trade tariffs.
@@davidjma7226 A hint, Turkey is a great location, as evidenced by the fact that I have moved 90% of my production from China to Turkey. Since 1995, Turkey has had a customs union with the EU, allowing for shipments to any EU destination within 1-2 days
@@ASDeckardyou should stop believing the news. Anything automotive (the US’s cash cow) manufacturing is slowing down in the states. The big 3 kept cranking cars out during covid. We’re not reindustrializing anything but another third world country.
I love Peter because he’ll just warn you about the impending doom of the world’s second largest economy and then smile and say “That’s it for me. Take care!”
It probably never was truly 2nd largest. Much of the “growth” was malinvestment. Railroads to nowhere, crappy roads, uninhabitable apartment blocks, useless education.
You must be new -- ALL of Peter's discussion are extremely articulate like this. Few people can put together an essay with complete sentences (much less paragraphs) without misspoken pronunciation or having to backtrack, even with notes. And Peter doesn't always have notes. I remember two very impressive videos: one where he records himself in an airport running from one concourse to another, and the other where he records a video while getting dressed, including a perfect full Windsor tie knot.
I have a Chinese coworker whose family is still back home and he's saying that there's a lot more private questioning of Xi's government. He said during COVID they felt (were told) that the aggressive lockdown was necessary and the best way. Now they're seeing very little improvement domestically, and see how well the rest of the developed world is doing and are starting to, quietly and privately, question government policies that they accepted unquestionably even two or three ago.
@@nathanseper8738 Not sure. It's a sample size of one, and he just said that it was "curious" that his parents' thoughts on the government changed relatively quickly. But if it's a pervasive feeling across the whole country, it could possibly be a start for something a few years down the road if things a) don't improve for the population, b) it's bad enough to take action c) it's organized and d) it doesn't get crushed before things spark by a paranoid self-preserving CCP. I don't think so yet though.
It's going to be interesting seeing when most of the populace realize how poorly they've been led and how deep of a hole they're falling into. I also doubt their leadership will handle it well, especially considering how they handle most things. People don't like being treated as disposable.
@@Stealth86651 But have they been poorly led? I mean China's size and special characteristics make them hard to group/juxtapose with other states. At the same time, the state of the rest of the world is pretty poor. The US is constantly oscillating between recession and "soft landing" scenarios, Europe has barely recovered from a double punch of Eurozone Crisis/Covid AND an active war theater, the Middle East faces existential issues in most of the Arab World, Africa is ravaged by regional conflicts, coups and jihadist insurrections, Latin America is in a political Limbo, I am not actually sure how things are going in Australia, and the Asian Pacific nations are all expecting a military incident involving well... China and the US. The BRICS are failing (apart from India perhaps), the West is in a constant political and economic alert, and developing nations have staggered in their development. It is hard to focus on China and wave the finger.
SIR MY INDIA IS THE REAL SUPERPOWER NUMBER ONE🤗🇮🇳 WE HAVE THE BEST INFRASTRUCTURE AND HIGHSPEED RAIL 🤗🇮🇳 MEANWHILE IN CHINA PEOPLE STILL RIDE RICKSHAW EVERYWHERE AND THEY ALSO POOR DONT HAVE CAR . THIS WHY IM SO LUCKY LIVE IN SUPER INDIA THE CLEANEST COUNTRY IN THE WORLD 🇮🇳🤗 , WE NEVER SCAM! WE GIVE RESPECT TO ALL WOMEN THEY CAN WALK SAFELY ALONE AT NIGHT AND WE HAVE CLEAN FOOD AND TOILET EVERYWHERE 🇮🇳🤗🚽, I KNOW MANY POOR PEOPLE JEALOUS WITH SUPER RICH INDIA 🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳
I like listening to Bloomberg too, perhaps covering more short to medium term stuff than Zeihan but it gives you good perspective on global economics and geopolitical maneuvers.
As a Japanese in my 30’s, I can’t even imagine how things could go any worse. Throughout my life, everyone in the older generation has been talking about how things were great and magical before the collapse of “The bubble” and everything is shit since then.
It's their fault. They wouldn't keep "straight" books. INVESTORS don't care why you fudge the books ..... communism or "to save face".... Either way, INVESTORS aren't playing ball with untrustworthy businessmen. If the Japanese of the nineties had written off bad debts as a LOSS instead of keeping those losses on the books as an "asset to be paid" (knowing it's never going to be paid) they would have came out of that hole in five years. But it was too much "face" to admit someone would default on a debt..... So they kept those losses as assets to save face. And INVESTORS called bull crap on their weak accounting.
If you're living in a modern authoritarian dictatorship who looks at every single citizen as expendable, it can get much worse. Hope things get better for you though and you're not living in mainland China at the moment. Cheers.
Japan hasn't had the growth it used to have, but its still in much better shape than many other countries. I am worried about Japanese auto manufacturers. They are a big part of the Japanese economy, and they are having a hard time delivering product. They also are missing the EV revolution.
@@wp12mv 100% agree with you. Fewer births = AI dependency + likelihood of war. The scariest thing to me is the killing off of surplus population through pandemic and war dead.
One thing I like about Peter is his humility. He has been predicting Chinese downfall since 2014 at least, while all "experts" were predicting how China will rise and conquer the world. Anyone else would have taken a few dozen victory laps. Peter is still humble.
Assuming it has hands. It might just be a blank screen, like in the Matrix where Agent Smith takes Neo's mouth away. Do you find the thought of a clock that cant tell the time alarming?@@ppumpkin3282
@@ppumpkin3282except a clock that tells you inflation is caused by people "wanting to get back to a normal life." The collective economies of the world printed trillions and trillions in new currency to "pay" for their stimulus programs. This was all inevitable.
The end of the Dictatorship* I assure you, the Chinese system is going strong in Taiwan where the Republic of China is alive and well Mainland China is unfortunately under a "communist" miltarized dictatorship, and that is indeed ending
Awesome reporting, Peter. Unrelated, but I'd love to see you do a state-by-state series: the liabilities and assets of each US state, and your opinion on their trajectory.
Every state in the US is circling the drain. Land of hope and glory became land of despair and shame. Supermarkets closing in cities, hunger and disease, unrest, riots, distrust, decay, crime. Leave, never turn back or else you will be turned to a pillar of salt.
@@saddlepiggy Yeah, it is verifiable. Many news outlets this past week have been reporting on Chinese deflation. But they weren't predicting it a year ago. Try to keep up.
@@norihiro01you don't have to. Your country knows how much it has bought from China. One can also walk into China and do a rough estimate on how things are.
@@zorkmid1083 I mean...I guess Tianamen Square all over China? Until the Chinese say enough and fight back? If you imply that China is going to do something militarily to Taiwan (or anyone else) I would suggest that your IQ isn't high enough to view this channel, and that you should visit your local library and stay there indefinitely until your condition improves.
This is accurate. I have a relative that frequents China and he has been looking for an alternative country to produce his products since COVID. China is not the cheap, easy - to - do business country it once was. China will need a new leadership (and soon) to get out of this.
Not just leadership, but the entire regime change. But sadly, that won't happen. It would take at least arm forces to revolt from within and lead the entire citizens to go up against it and willing to accept the true ideology of democracy before China can be reformed. At its current state, the country is sunk (ideally and literally) and beyond salvation. The country is on its way to become another North Korea.
I just don't see how it would be enough. Things like the demographic bomb or the real estate bubble aren't problems that an alternative government could just solve; they are juggernauts that have been decades in the making.
Hes a Macroeconomics major, Geopolitics is his new hobby, hes notably new to how world governments respond to each other and much better with how countries react in the market
Yes another factory just announced it is moving from China to my small town in Southeast US this week. Really amazing never thought I would see so many factories moving out of there and so quickly.
Wish I had moved to Boulder back when it was affordable! By the way, Peter: great facts about China. I'm beginning to hear your information in the mainstream media!
I get a nice warm feeling inside whenever I listen to Peter describe the steady and inevitable collapse of a huge overbearing tyrant that has destroyed the industrial base of the USA and Europe and which keeps its own subjects under constant surveillance for signs of dissidence.
Its not tyranny thats the problem its the type of tyranny. A tyranny much like in communist ones make people soulless. Thats why i will always advocate for a religious theocracy ruled by a pope, i am for that 100%
Peter, there's two other factors at play as well: China hid its COVID deaths, and estimating from indirect and harder to hide factors, China may have lost millions of people, with who knows how many more suffering from long COVID. I had heard that cell phone subscription data dropped very sharply from before COVID to after COVID, on the order of many millions of subscriptions. If that drop corresponds to dead people, China's economy may be suffering in part due to a huge contraction. Secondly, China's population was estimated by Japanese researchers to be under a billion. Their estimate is that China's population is somewhere between 800 million ad 900 million, whereas they officially claim 1.4 billion people. That is a discrepancy larger than the population of the entire US. How was such an estimate made and why? Well, basically Japan does not trust China's official numbers because there is such a culture of lying in China. The cities mis-report their populations to provicial governments, and the provinces mis-report their population numbers in order to secure more money from the central government, and the central government compiles these false numbers and likely exaggerates them to the world. As for how the corrected estimate was made, the researchers found data that did not appear to be manipulated-national salt consumption-and since salt consumption is largely inflexible with respect to population, it was possible to make an estimate of the population of China indirectly by tracking the changes in their salt consumption. You can't hide 500-600 million people's worth of missing salt consumption; that is well outside any range of uncertainty. If China's population really has shrunken that much, they've peaked, and it is all down hill from here.
Don't know why 'millions' of covid deaths keeps being thrown around, the west weren't reporting covid deaths properly and it was clearly not as dangerous as we were led to believe
Americans lie much more than Chinese could ever do. You even elected a habitual lair to be the president. Even your founding constitution was full of lies. The most famous one: all men are created equal. This came from a bunch of slave owners. It has to be the joke of the entire human history.
Peter always seems to report on china's ever expanding demise with a certain glee. Can't say I blame him because since the mid 1950s china has caused an awful lot of misery (HUGE understatement) for a lot of people, including its own.
@@markomak1 Yes but its starting point was a massive and abjectly poor population. The cost of this "improvement" has over the years been unrivalled levels of mass starvation, brutally enforced dictatorship and almost irreversible domestic environmental damage.
Yes. Then they (CCP) put them in apartment buildings. Wielded the doors closed and wouldn't let them out during a fire. Because Covid (at the time of Delta/Omicron strains) was more dangerous than the fire burning them to a crisp. There is a lot of discontent in China due to CCP's (Xi's) management of covid. Note Xi had very litlle to do with actually getting them out of poverty in the first place.
All one has to do is visit your nearest big box store and look at the back of each package. Made in China is getting rarer each time I go and look. Yes, I do this deliberately. Almost all new tools at Lowes were MiC, now I'm seeing them made in a host of other Asian countries and Mexico. The collapse has begun, and the recent flooding and storm damage will only exacerbate this slide.
well, a large part of that shift happened earlier, due to the rise of the Chinese economy making it more expensive to produce...so china offshored its manufacturing, just as america did when farmers become workers become middle class due to a steady paycheck not relying on the weather. when workers can afford services, there's a middle class and eventually an offshoring of manufacturing while a service industry rises domestically.
A request: could you post an analysis of the housing crisis in America and much the world right now? I've been digging around, finding pieces of the puzzle, but I'm still not sure how it all fits together. Two days ago, a friend led me to your TH-cam channel and I've been soaking up the clear and insightful analysis ever since. Thank you for bringing some understandability to these big trends!
Most nations have problems, but China just seems to be hit with multiple at the same time. I thought the local government debt issue was bad enough. All these other issues are going to be squeezing them quite hard.
Another interesting viewpoint from Peter. btw, I think he meant to say "Japan" not "China" at 6:39 so that average Chinese has 1/5 wealth of Japanese. No big deal.
I think once Xi proclaimed a "friendship without limits" with Russia, then Russia attacked Ukraine, businesses started avoiding China like the plague. I agree with everything Peter said, but had they not partnered with Russia, they would be in much better shape. The optics of partnering with Russia are just awful.
The problem definitely predates the Ukraine War, though. China's been increasingly antagonistic toward much of the globe for years now, quite the about-face from their posture at the start of the century.
@@ChaosKnight7000 Xi has only accelerated things over the last decade. Now it's a constant "tit-for-tat" anytime the US does anything to reduce their blowing up with China.
Imagine spending a trillion so you can brag about having “high speed rails” And then have the rail LOSE millions every day. Going to be interesting to see how “sunk cost” will affect it.
@@truefoodsociety312Imagine spent billions on the Interstate system every year and end up sit in traffic every day. Only morons couldn’t distinguish infrastructure investments from “losing money.” Keep drinking the kook aid
The US is also now restoring former manufacturing facilities and capabilities, building like crazy. Manufacturing is my industry speciality. I’m seeing it with my own eyes every single day - helping to get them building up capacity.
@@joshjones6072 It’s very cool to see. I’ve been helping them with their technology strategy (aka setting up the manufacturing plant, tech set-up, automation (for certain things like robots and shelving).
I’m in the ERP/tech side of things and we are seeing companies putting their digital transformation projects on hold. Glad it’s working in your vertical but I would not say across the board because that’s not reality.
Haha ....time for china to tighten its belt and hit the road ....I wonder if china could recover by attracting all the Chinese that fled overseas because of ccp ....they will have changed their mindset by their exposure to different countries .
Thank you for fixing the audio! It only took me commenting for two weeks straight. Now it’s too quiet, but whatever, I’ll take that over cutting out any day
Stimulates GDP fixing the massive sinkholes, collapsed bridges, cratering subway systems, washed away housing, etc. It will result in quite a bit of famine, pestilence and disease though. It's a good deal in the CCP's eyes.
@@powershift2025 People who are short of money will be wasting their money on repairs, instead of spending on productive investments. Read Bastiat's essay, "A Negative Railroad" Running around, breaking everybody's windows, is not a stimulus program.
Hi Peter, your content and channel is absolutely fantastic. I'm in the process of undertaking a Masters in Geopolitics/International relations. It's probably not going to enhance my career but my passion has always been geopolitics and how the world functions and interacts. Tim Marshall has authored several great books on the geopolitic topic. Are there other authors or academic sources you can recommend?
Milton Friedman famously said: “Inflation is always and everywhere a monetary phenomenon, in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output.”
The Chinese have been watching this traincrash coming for years. They have the example of Japan to learn from. They had plenty of time to make adjustments. And, they totally BLEW IT.
Receive global investments Become the world’s factory Steal technology Build up military Pour concrete high rises over your farms Wolf warrior diplomacy Global pandemic ??? Success!
Makes russian oil cheaper, black market goods more expensive, people unhappy, worse each day, despair and sorrow abound, unrest grows, Putin rivals eliminated, new USSR forms but weak and diminished, coup de ta, Putin replaced by General Vladmir Putout, Russian assets swapped for Netflix subscriptions + 2 weeks in Disney, Hunter Biden appointed as CEO of Gazprom, rainbow flag over the Kremlin.
Hi Peter. I very much appreciate your insights on all things Chinese. My company has transitioned to having Chinese factories fabricate our exercise equipment, which I’m rather concerned about, to be honest. Two of my partners are currently over there developing products and hopefully straightening out the logistics and production problems they’ve caused us. Do you recommend staying there, or perhaps finding a replacement country to move production to?
The CCP lied and said it'll be rosy forever for manufacturing, now we know it's a house of cards. The numbers are all lies. Now the CCP will be particularly vicious since they've been found out. English has been banned in schools, foreigners vilified by the government there. Business owners have been jailed as spies. It seems like a bad time to have your product manufactured there. Mexico would be better if your business is located in the U.S. Otherwise India is an option. Last I checked Algeria and I think Turkey were industrializing.
As a costa rican Who has ser how the chinnese fleet kills our ocean I Will never buy chinnese made goods. A certaon a lot of People in the Américas that now is seeong the worst sode of making business with china. So good luck with that. I hope your company fails🎉😊
What could the Chinese people do if and when the CCP bankrupts the country? I've seen videos of the tragic flooding going on and the horrendous loses. They have no disaster funds and when people do give money to "State Relief Agencies" the money never finds its way to the people in need. What food and supplies that do get delivered to the villages ends up in the local gov't coffers doled out to themselves 1st. The rest delivered to local stores for their benefit. The people still have to pay for their supplies. Horrible situation in China.
The same thing the Hurricane Katrina victims did, they will all die, and their bodies will be left to rot in the new swamp, and the rest of our lives will go on.
Aspirations and challenges are the motivations behind any human growth, both are limited in an authoritarian state the only outlet is war/conquest, alternativly you can manage aspirations of the population by reducing their horizons (more control aka N. Korea style) while challenges can be just the struggle to survive
This is one of those bubbles that a lot of people have just been waiting to see burst. It will be very interesting to see what happens next with China now.
Probably won't happen during my lifetime, but I'd love to see a similar slide into strategic/economic irrelevance with the OPEC nations....particularly Saudi Arabia. It would be sooooo cathartic to see a domestic source of super cheap energy emerge that would make oil/gas obsolete. And then all the genuflecting and hand-wringing we do with Persian Gulf states would vanish. They would become about as important on the world stage as Ghana.
Hi Peter, I remember ages ago that you gave a talk where you said that modern-day China was the most over-leveraged country in human history. You said words to the effect of, "There's going to be a show, folks!" when the time comes for China to pay the piper for all its debt. Are we about to get ringside seats to that show now?
Grab some popcorn, you probably didn't even hear about Tiananmen Square being flooded last week for the first time in 600yrs have you? The CCP covers up everything they possibly can. There's now too much to hide from the world. Cheers.
They may go to small conflicts. Maybe a medium one with Russia in the east. But It would be suicide to invade Taiwan. Not only due the gap in military quality but because they couldn't sustain a large war. They missed the window for that.
That's what I'm thinking. I'm sure that Xi Jinping will order an attack on Taiwan just to distract from the internal problems he caused. Or maybe start a war against Russia and take back Mandchuria
It is. Every video that I see shows horrible flooding, even in China. A lot of it is the result either the Tofu dreg construction, which causes a lot of buildings to collapse and the deliberate release of flood waters to protect other areas (like Beijing and Xi's pet project Xiongan New Area. Of course, they're lying about the death toll. The CCP claims that maybe 30 people have died so far in all of China due to the floods. This is so ludicrously low that it's unbelievable. And we know that the CCP lies about everything that would make them look bad. They did the same with the 2021 Henan floods.
Very interesting. There is also a cultural facet to this problem. China has been under one man rule for most of it's history, emperor or chairman of the Communist Party and a massive bureaucracy in both cases. It's culture emphasizes conformity and social harmony over individual freedom and creativity (confucianism). This is difficult to adapt to the fast pace of social and technological change in our recent world history. In a nutshell , in the country of "Xi Jin Ping Thought", everyone has to think the same and conform. If everyone thinks the same, nobody is thinking.
More of this please! This is why I subscribe. This is the kind of information hardly anyone else talks about. Let CBS, NBC, and ABC tell me how great Joe Biden’s administration is and how evil Trump is. Great video!
over 90% of all jobs made in the US since the 1950s have been generated under democratic party presidencies. Trump was a disaster in aggregate. If he had stopped golfing and done something about COVID instead of doing nothing because "it is a blue state problem", hundreds of thousands would have lived...
Do you want this on the news every day for 10 years or 20? Peter's been talking about this for a decade and it's been free fall for years. I agree it's more interesting than the news of the day but that's almost always the case and should be.
@@ericmaclaurin8525 yes but I’m my opinion Peter has lowered himself to getting sucked into the corporate media narrative. The price you pay when you become an Amazon best seller. Can’t fault him. Everyone gotta eat
Hi Peter, as an importer into the UK and having just returned from Shenzen, I can say that everything you are saying is correct. The factories are all desperate for orders, which have dired up from Western countries. Most of our factories are operating at 50% normal capacity and it is getting worse. Many importers placed large orders during the Covid boom which couldnt be fulfilled, but these orders were mainly delivered throughout 2022 leading to excess inventory. Now most importers have too much stock owing to lower demand after IR rises.
And this is in the middle of the US re-industrialization renascence. America has added a net *800,000* manufacturing jobs in the last quarter, and remember this is not 20 year old shuttered factories re-opening, these are brand new peak value add factories with almost exclusively very high paid and very productive employees, so the value in product coming online in America in the next few months is truly staggering, and all that new supply is going to compete with large international advantage, and obviously massive advantage domestically.
A lot of it is high productivity jobs moving in from Europe because of the energy price swing and so is technically global supply net zero, but a strangely large amount is just outright new production that is going to crash into the markets with a huge amount of cheap energy and high per-worker productivity advantage that we've not seen in decades, especially not from the US.
According to Klaus, the founder of the World Economic Forum (WEF), China and the WEF have a close relationship. On the WEF website, there is a document from 2016 that discusses how *Marxism can be reintegrated* into business. The last 3 years it have all been about about controlling the population. The WEF has repeatedly stated that China is a source of inspiration.
I am consulting to large companies in China seeking to relocate their manufacturing assets to the Middle East. I am extremely busy! Key driver is cost of labour, Government subsidies vanishing and trade tariffs.
@@davidjma7226 A hint, Turkey is a great location, as evidenced by the fact that I have moved 90% of my production from China to Turkey. Since 1995, Turkey has had a customs union with the EU, allowing for shipments to any EU destination within 1-2 days
@@ASDeckardyou should stop believing the news. Anything automotive (the US’s cash cow) manufacturing is slowing down in the states. The big 3 kept cranking cars out during covid. We’re not reindustrializing anything but another third world country.
At this point, Peter has become one of the most native species in Colorado.
Peterofa Zeihanicus
Peter is turning his "wishful thinking" into click bate for youtube though selective and creative short term data...
There is a pine tree growing out of his head
Aside from his knowledge in current events, I envy this man’s ability to find the most picturesque location to record a video.
I'd happily agree, but this time there's a lack of hummingbird. 🙂
That's just Colorado baby. Once you hit the mountains you get all sorts of views.
And the energy to climb up and down all those mountains.
he is just in his backyard. Just outside Denver to the West.
He's on the run
I love Peter because he’ll just warn you about the impending doom of the world’s second largest economy and then smile and say “That’s it for me. Take care!”
😆
That's why he's always making videos while hiking. He's secretly stocking a network of bug out bunkers. 😄
China 0 recession
China 0 inflation
Usa recession
Uk recession
France recession
Germany recessing
India recession
Taiwan recession😂😊
Impeding doom of China is wishful thinking of USA and Europe, but they are instead are circling the toilet unfortunately
It probably never was truly 2nd largest. Much of the “growth” was malinvestment. Railroads to nowhere, crappy roads, uninhabitable apartment blocks, useless education.
Amazing 8 minute discussion without notes or obvious script. I really enjoy these video clips!!
Watch his eyes. Every few seconds, he looks down and to his right to read the notes, then back to the camera.
You must be new -- ALL of Peter's discussion are extremely articulate like this. Few people can put together an essay with complete sentences (much less paragraphs) without misspoken pronunciation or having to backtrack, even with notes. And Peter doesn't always have notes. I remember two very impressive videos: one where he records himself in an airport running from one concourse to another, and the other where he records a video while getting dressed, including a perfect full Windsor tie knot.
we all remember the tie. But Im waiting for the undressing video into pajamas with a brandy video from Paris.@@fazdoll
I have a Chinese coworker whose family is still back home and he's saying that there's a lot more private questioning of Xi's government. He said during COVID they felt (were told) that the aggressive lockdown was necessary and the best way. Now they're seeing very little improvement domestically, and see how well the rest of the developed world is doing and are starting to, quietly and privately, question government policies that they accepted unquestionably even two or three ago.
Is China on the verge of some kind of revolt in your opinion?
@@nathanseper8738 Not sure. It's a sample size of one, and he just said that it was "curious" that his parents' thoughts on the government changed relatively quickly. But if it's a pervasive feeling across the whole country, it could possibly be a start for something a few years down the road if things a) don't improve for the population, b) it's bad enough to take action c) it's organized and d) it doesn't get crushed before things spark by a paranoid self-preserving CCP.
I don't think so yet though.
It's going to be interesting seeing when most of the populace realize how poorly they've been led and how deep of a hole they're falling into. I also doubt their leadership will handle it well, especially considering how they handle most things. People don't like being treated as disposable.
Zeihan's craziest stat, in China they have more unemployed youth/NEETs than Italy.
@@Stealth86651 But have they been poorly led? I mean China's size and special characteristics make them hard to group/juxtapose with other states. At the same time, the state of the rest of the world is pretty poor. The US is constantly oscillating between recession and "soft landing" scenarios, Europe has barely recovered from a double punch of Eurozone Crisis/Covid AND an active war theater, the Middle East faces existential issues in most of the Arab World, Africa is ravaged by regional conflicts, coups and jihadist insurrections, Latin America is in a political Limbo, I am not actually sure how things are going in Australia, and the Asian Pacific nations are all expecting a military incident involving well... China and the US.
The BRICS are failing (apart from India perhaps), the West is in a constant political and economic alert, and developing nations have staggered in their development.
It is hard to focus on China and wave the finger.
Well...a government can't continually threaten trading partners and expect them to keep doing business with said government.
The CCP's Wolf Warrior Diplomacy brought out the real wolves, and it wasn't the Chinese.
"Bingo!"
SIR MY INDIA IS THE REAL SUPERPOWER NUMBER ONE🤗🇮🇳 WE HAVE THE BEST INFRASTRUCTURE AND HIGHSPEED RAIL 🤗🇮🇳 MEANWHILE IN CHINA PEOPLE STILL RIDE RICKSHAW EVERYWHERE AND THEY ALSO POOR DONT HAVE CAR . THIS WHY IM SO LUCKY LIVE IN SUPER INDIA THE CLEANEST COUNTRY IN THE WORLD 🇮🇳🤗 , WE NEVER SCAM! WE GIVE RESPECT TO ALL WOMEN THEY CAN WALK SAFELY ALONE AT NIGHT AND WE HAVE CLEAN FOOD AND TOILET EVERYWHERE 🇮🇳🤗🚽, I KNOW MANY POOR PEOPLE JEALOUS WITH SUPER RICH INDIA 🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳
@@indiasuperclean6969🙄
@@indiasuperclean6969The fk is this shit you just wrote...
This guy is great! I prefer Peter Zeihan to mainstream media any day! 👍
I like listening to Bloomberg too, perhaps covering more short to medium term stuff than Zeihan but it gives you good perspective on global economics and geopolitical maneuvers.
I greatly appreciate your "bite-sized" explanations of current affairs and economics. Thank you.
Great post. Thank you
As a Japanese in my 30’s, I can’t even imagine how things could go any worse. Throughout my life, everyone in the older generation has been talking about how things were great and magical before the collapse of “The bubble” and everything is shit since then.
It's their fault. They wouldn't keep "straight" books. INVESTORS don't care why you fudge the books ..... communism or "to save face".... Either way, INVESTORS aren't playing ball with untrustworthy businessmen. If the Japanese of the nineties had written off bad debts as a LOSS instead of keeping those losses on the books as an "asset to be paid" (knowing it's never going to be paid) they would have came out of that hole in five years. But it was too much "face" to admit someone would default on a debt..... So they kept those losses as assets to save face. And INVESTORS called bull crap on their weak accounting.
If you're living in a modern authoritarian dictatorship who looks at every single citizen as expendable, it can get much worse. Hope things get better for you though and you're not living in mainland China at the moment. Cheers.
Japan hasn't had the growth it used to have, but its still in much better shape than many other countries. I am worried about Japanese auto manufacturers. They are a big part of the Japanese economy, and they are having a hard time delivering product. They also are missing the EV revolution.
@@derek4412 fewer and fewer births means we need more and more automation
@@wp12mv 100% agree with you. Fewer births = AI dependency + likelihood of war. The scariest thing to me is the killing off of surplus population through pandemic and war dead.
One thing I like about Peter is his humility. He has been predicting Chinese downfall since 2014 at least, while all "experts" were predicting how China will rise and conquer the world. Anyone else would have taken a few dozen victory laps. Peter is still humble.
It is not that he is humble. He simply has more charisma than your average well-educated and intelligent policy wonk in DC. (Just saying)
Even a broken clock is eventually correct.
Assuming it has hands. It might just be a blank screen, like in the Matrix where Agent Smith takes Neo's mouth away. Do you find the thought of a clock that cant tell the time alarming?@@ppumpkin3282
@@ppumpkin3282except a clock that tells you inflation is caused by people "wanting to get back to a normal life."
The collective economies of the world printed trillions and trillions in new currency to "pay" for their stimulus programs. This was all inevitable.
Humble😂he’s so pleased with himself, he could lick himself
It appears we are seeing the unraveling of the Chinese system. Thanks, Peter, for covering this!
The end of the Dictatorship*
I assure you, the Chinese system is going strong in Taiwan where the Republic of China is alive and well
Mainland China is unfortunately under a "communist" miltarized dictatorship, and that is indeed ending
That's been said so many times before
Not even close to shaking up the CCP
Much like their buildings
@@noahway13I somehow doubt that
Awesome reporting, Peter. Unrelated, but I'd love to see you do a state-by-state series: the liabilities and assets of each US state, and your opinion on their trajectory.
Every state in the US is circling the drain. Land of hope and glory became land of despair and shame. Supermarkets closing in cities, hunger and disease, unrest, riots, distrust, decay, crime. Leave, never turn back or else you will be turned to a pillar of salt.
@@MrkBO8 Where did you move to ?
I would LOVE this also!! Especially concerning housing
@MrkBO8, Lol good one 😂
@@MrkBO8are you OK?
This is all independently being verified across a number of news sources. And Ziehan has been predicting it for years.
This isn’t verifiable, it’s a prediction/warning.
@@saddlepiggy Yeah, it is verifiable. Many news outlets this past week have been reporting on Chinese deflation. But they weren't predicting it a year ago. Try to keep up.
He’s been saying China is going to collapse in 3-5yrs for over 20yrs 😂
But now other news sources are saying it as well and the recent economic data is suggesting it also.@@WhiteBuffaloWakanGli
@@WhiteBuffaloWakanGliwhat will happen first, Chinese collapse or fusion?
Great summary, thanks!
Problem 3 is trusting Communist Statistics.
They've been fudging the numbers for years.
Chinese people don't trust CCP figures either
Communist Facts and Truth !
@@norihiro01you don't have to. Your country knows how much it has bought from China. One can also walk into China and do a rough estimate on how things are.
Yep every 5 year plan worked!😂
I'd like to hear more about the potential consequences this may have for the Chinese
Revolution.
You should read his book.
Short answer: a ton of pain for China.
Not just potential consequences, but how China might react to such a situation.
By 2050 population will hover close to half most being over 40.
@@zorkmid1083 I mean...I guess Tianamen Square all over China? Until the Chinese say enough and fight back? If you imply that China is going to do something militarily to Taiwan (or anyone else) I would suggest that your IQ isn't high enough to view this channel, and that you should visit your local library and stay there indefinitely until your condition improves.
This is accurate. I have a relative that frequents China and he has been looking for an alternative country to produce his products since COVID. China is not the cheap, easy - to - do business country it once was. China will need a new leadership (and soon) to get out of this.
yeah, can't see that happening- at least soon.
Not just leadership, but the entire regime change. But sadly, that won't happen. It would take at least arm forces to revolt from within and lead the entire citizens to go up against it and willing to accept the true ideology of democracy before China can be reformed. At its current state, the country is sunk (ideally and literally) and beyond salvation. The country is on its way to become another North Korea.
I just don't see how it would be enough. Things like the demographic bomb or the real estate bubble aren't problems that an alternative government could just solve; they are juggernauts that have been decades in the making.
@@ChaosKnight7000forced pregnancies. I believe they will do it.
@@ChaosKnight7000 you're right! It is such a complex problem. Hopefully the rest of the world can adapt and someone can step up to be the "New China".
THANK YOU
Time for my morning coffee & my GeoPolitico news
Hes a Macroeconomics major, Geopolitics is his new hobby, hes notably new to how world governments respond to each other and much better with how countries react in the market
I love your cheerful morning nuggets of inspiration to start my day.
Going back to bed, pulling covers over my head,
I love these clips Peter. I agree with everything you said, especially the part where we've been expecting this for years.
So informative. Thank you.
Peter that was a great cast
LOL I wish your videos for longer for more in-depth. Did a great job piecing it all together for the average citizen.
Thank you sir! I always appreciate your insight.
Yes another factory just announced it is moving from China to my small town in Southeast US this week. Really amazing never thought I would see so many factories moving out of there and so quickly.
Covid "supply chain problems" cast a long painful shadow.
Same with my stepmom’s family Manufacturing plants in Mexico. They are building more plants
bidens 4 trillion dollars of subsidies help....
It's great to hear that manufacturing is coming back to the U.S.
@@htown148 this is not the subsidies. Its smart as a business person
Wish I had moved to Boulder back when it was affordable! By the way, Peter: great facts about China. I'm beginning to hear your information in the mainstream media!
Thank you for this!.. 🍻🤠
I get a nice warm feeling inside whenever I listen to Peter describe the steady and inevitable collapse of a huge overbearing tyrant that has destroyed the industrial base of the USA and Europe and which keeps its own subjects under constant surveillance for signs of dissidence.
Its not tyranny thats the problem its the type of tyranny. A tyranny much like in communist ones make people soulless. Thats why i will always advocate for a religious theocracy ruled by a pope, i am for that 100%
We willingly sent our manufacturing overseas for the efficiency (cost) benefits.
Yes, they are an evil regime.
Never forget that it was AMERICAN and EUROPEAN company owners that took those jobs to China in exchange for more profits. They did it on purposese
@@u2beuser714😂😂😂 like Afghanistan or saudi or iran? Yeah it works great hehehehe
Making China as big as it is was entirely the US and Europe's choice
Peter, there's two other factors at play as well: China hid its COVID deaths, and estimating from indirect and harder to hide factors, China may have lost millions of people, with who knows how many more suffering from long COVID. I had heard that cell phone subscription data dropped very sharply from before COVID to after COVID, on the order of many millions of subscriptions. If that drop corresponds to dead people, China's economy may be suffering in part due to a huge contraction.
Secondly, China's population was estimated by Japanese researchers to be under a billion. Their estimate is that China's population is somewhere between 800 million ad 900 million, whereas they officially claim 1.4 billion people. That is a discrepancy larger than the population of the entire US. How was such an estimate made and why? Well, basically Japan does not trust China's official numbers because there is such a culture of lying in China. The cities mis-report their populations to provicial governments, and the provinces mis-report their population numbers in order to secure more money from the central government, and the central government compiles these false numbers and likely exaggerates them to the world. As for how the corrected estimate was made, the researchers found data that did not appear to be manipulated-national salt consumption-and since salt consumption is largely inflexible with respect to population, it was possible to make an estimate of the population of China indirectly by tracking the changes in their salt consumption. You can't hide 500-600 million people's worth of missing salt consumption; that is well outside any range of uncertainty.
If China's population really has shrunken that much, they've peaked, and it is all down hill from here.
Don't know why 'millions' of covid deaths keeps being thrown around, the west weren't reporting covid deaths properly and it was clearly not as dangerous as we were led to believe
He has talked about that.
I did not found any reference, do you have a link or names of researchers?
Covid is not that deadly
Americans lie much more than Chinese could ever do. You even elected a habitual lair to be the president. Even your founding constitution was full of lies. The most famous one: all men are created equal. This came from a bunch of slave owners. It has to be the joke of the entire human history.
I read the WSJ and a couple of times a week I have noted articles that back up your take on the PRC.
Enjoy your ignorance n continue with your brainwashing sessions by your criminal nation's fake news propaganda
Best news I’ve heard all week.
Very interesting as usual Peter
Peter's analysis and scope of history are indispensable.
Peter always seems to report on china's ever expanding demise with a certain glee. Can't say I blame him because since the mid 1950s china has caused an awful lot of misery (HUGE understatement) for a lot of people, including its own.
Didn't it take the most people out of poverty?
@@markomak1it’s the most populous country on earth and the level of poverty coming out of the first half of the 20th century there were absurd.
@@markomak1 Yes but its starting point was a massive and abjectly poor population. The cost of this "improvement" has over the years been unrivalled levels of mass starvation, brutally enforced dictatorship and almost irreversible domestic environmental damage.
Yes. Then they (CCP) put them in apartment buildings. Wielded the doors closed and wouldn't let them out during a fire. Because Covid (at the time of Delta/Omicron strains) was more dangerous than the fire burning them to a crisp. There is a lot of discontent in China due to CCP's (Xi's) management of covid. Note Xi had very litlle to do with actually getting them out of poverty in the first place.
@@markomak1when millions and millions die through malnutrition or artificially induced lead poisoning, they are no longer in poverty
Nothing quite like an increasingly authoritarian government to tap down on innovation and therefore future growth.
0l
Excellent presentation!
Thank You for Your time. ❤😂🎉😅😊
So precise and concise!
Trust me bro
All one has to do is visit your nearest big box store and look at the back of each package. Made in China is getting rarer each time I go and look. Yes, I do this deliberately. Almost all new tools at Lowes were MiC, now I'm seeing them made in a host of other Asian countries and Mexico. The collapse has begun, and the recent flooding and storm damage will only exacerbate this slide.
well, a large part of that shift happened earlier, due to the rise of the Chinese economy making it more expensive to produce...so china offshored its manufacturing, just as america did when farmers become workers become middle class due to a steady paycheck not relying on the weather. when workers can afford services, there's a middle class and eventually an offshoring of manufacturing while a service industry rises domestically.
I am seeing this more in the textiles too. More Vietnam, Honduras and India.
A request: could you post an analysis of the housing crisis in America and much the world right now? I've been digging around, finding pieces of the puzzle, but I'm still not sure how it all fits together.
Two days ago, a friend led me to your TH-cam channel and I've been soaking up the clear and insightful analysis ever since. Thank you for bringing some understandability to these big trends!
Most nations have problems, but China just seems to be hit with multiple at the same time. I thought the local government debt issue was bad enough. All these other issues are going to be squeezing them quite hard.
Result of mass corruption.
How so?
They aren't being hit by the problems. They have caused them all.
Mmmmmm, sounds like The Mandate from Heaven is screaming at the CCP. I wonder if they'll relinquish power??? 😂😂😂
The Chinese population are getting hit. The one party dictatorship caused them.
Thanks as always Peter. Insightful as always.
Good information.
Subscribed.
Another interesting viewpoint from Peter. btw, I think he meant to say "Japan" not "China" at 6:39 so that average Chinese has 1/5 wealth of Japanese. No big deal.
Yeah I caught that too.
Thanks....I did a bit of a double-take on that...and figured it was quick speech error, too.
I think once Xi proclaimed a "friendship without limits" with Russia, then Russia attacked Ukraine, businesses started avoiding China like the plague. I agree with everything Peter said, but had they not partnered with Russia, they would be in much better shape. The optics of partnering with Russia are just awful.
Some prehistoric version of rabies has defrosted in Siberia and seems to infect everyone who goes there.
The problem definitely predates the Ukraine War, though. China's been increasingly antagonistic toward much of the globe for years now, quite the about-face from their posture at the start of the century.
@@ericmaclaurin8525 So that's what makes RuZZians behave like animals!
@@ChaosKnight7000 Xi has only accelerated things over the last decade. Now it's a constant "tit-for-tat" anytime the US does anything to reduce their blowing up with China.
China 0 recession
China 0 inflation
Usa recession
Uk recession
France recession
Germany recessing
India recession
Taiwan recession
Throw in the real estate scandal, 60 million empty buildings, tofu dreg construction. Its a yard sale
In this case, a yard sale of junk.
Imagine spending a trillion so you can brag about having “high speed rails”
And then have the rail LOSE millions every day.
Going to be interesting to see how “sunk cost” will affect it.
@@robertlee6781 Is there any other kind?
@@truefoodsociety312Imagine spent billions on the Interstate system every year and end up sit in traffic every day. Only morons couldn’t distinguish infrastructure investments from “losing money.” Keep drinking the kook aid
China 0 recession
China 0 inflation
Usa recession
Uk recession
France recession
Germany recessing
India recession
Taiwan recession
Keep them coming !
fascinating. i learned a lot I did not know. GREAT INTEL!
The US is also now restoring former manufacturing facilities and capabilities, building like crazy. Manufacturing is my industry speciality. I’m seeing it with my own eyes every single day - helping to get them building up capacity.
yeah because of bidens subsidies....
Great for votes and reducing reliance on communist China who seem to despise the West.
I love that
@@joshjones6072 It’s very cool to see. I’ve been helping them with their technology strategy (aka setting up the manufacturing plant, tech set-up, automation (for certain things like robots and shelving).
I’m in the ERP/tech side of things and we are seeing companies putting their digital transformation projects on hold. Glad it’s working in your vertical but I would not say across the board because that’s not reality.
Peter, could you tie this into the geopolitics of US’s new restrictions on investments and China’s Belt and Road initiative?
Italy got out of RBI. Loved it. Greece, I’m looking at you!
Haha ....time for china to tighten its belt and hit the road ....I wonder if china could recover by attracting all the Chinese that fled overseas because of ccp ....they will have changed their mindset by their exposure to different countries .
Thank you for fixing the audio! It only took me commenting for two weeks straight. Now it’s too quiet, but whatever, I’ll take that over cutting out any day
Great Video ! ⭐⭐⭐
interesting as always, ty
“ that’s problem one. PROBLEM TWO ….aaah … oh boy !!!! “
😆😆😆👍🏻👍🏻
Love the emotion
Do a video on the great game and its historical geopolitical significance vs current significance with one belt one road
Not to mention some fantastically scary things that are happening in their real estate industry.
China 0 recession
China 0 inflation
Usa recession
Uk recession
France recession
Germany recessing
India recession
Taiwan recession
Sensationally good as always. Ahhhh……
Let's hope!
That ccp rules usa son
Couldn't happen to a nicer country....I love happy stories first thing in the morning.
How will the catastrophic floods affect the Chinese economy one now has to wonder
Stimulates GDP fixing the massive sinkholes, collapsed bridges, cratering subway systems, washed away housing, etc. It will result in quite a bit of famine, pestilence and disease though. It's a good deal in the CCP's eyes.
Ask the Chinese artificial rain makers. ;)
@@powershift2025 People who are short of money will be wasting their money on repairs, instead of spending on productive investments. Read Bastiat's essay, "A Negative Railroad"
Running around, breaking everybody's windows, is not a stimulus program.
Completely Agreed
Thank you Peter 👍
Excellent analysis - -
Hi Peter, your content and channel is absolutely fantastic. I'm in the process of undertaking a Masters in Geopolitics/International relations. It's probably not going to enhance my career but my passion has always been geopolitics and how the world functions and interacts. Tim Marshall has authored several great books on the geopolitic topic. Are there other authors or academic sources you can recommend?
Hitler wrote some pretty influential geopolitical works....
@@powershift2025you mean the guy who lost the war?
@@erikvan9582 I didn't say he won, I said they were influential. Learn the difference.
@Andy-vv9nj I recommend the books of Peter Zeihan
Milton Friedman famously said: “Inflation is always and everywhere a monetary phenomenon, in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output.”
Milton Friedman was an amazing man.
Or as I heard endlessly in college "too many dollars chasing too few goods."
The fact that they're getting flooded probably isn't helping.
Nor has pissing everybody off with wolf-warrior diplomacy.
Neither is the CCP covering it up for political purposes and preventing average citizens from providing assistance to those effected by the floods.
Interesting presentation as always. Brave new world is beginning.
Love your daily updates! Great substitute for the TV news!!
Always love coming down to the comments to see what the geniuses have to say 😂
😅😅😅 same
The Chinese have been watching this traincrash coming for years. They have the example of Japan to learn from. They had plenty of time to make adjustments. And, they totally BLEW IT.
Receive global investments
Become the world’s factory
Steal technology
Build up military
Pour concrete high rises over your farms
Wolf warrior diplomacy
Global pandemic
???
Success!
Sure sure😂
Most unbiased analysis I have heard coming out of the US. Well done :)
Thank you again, Peter.
Love your brief updates. Thank you.
Peter, would you please talk about the sharp downfall of Russian ruble, how it affects the economy.
Makes russian oil cheaper, black market goods more expensive, people unhappy, worse each day, despair and sorrow abound, unrest grows, Putin rivals eliminated, new USSR forms but weak and diminished, coup de ta, Putin replaced by General Vladmir Putout, Russian assets swapped for Netflix subscriptions + 2 weeks in Disney, Hunter Biden appointed as CEO of Gazprom, rainbow flag over the Kremlin.
it affects imports and all that go along with that. Pretty bad for Russia as they have no high tech...
Hi Peter. I very much appreciate your insights on all things Chinese. My company has transitioned to having Chinese factories fabricate our exercise equipment, which I’m rather concerned about, to be honest. Two of my partners are currently over there developing products and hopefully straightening out the logistics and production problems they’ve caused us. Do you recommend staying there, or perhaps finding a replacement country to move production to?
The CCP lied and said it'll be rosy forever for manufacturing, now we know it's a house of cards. The numbers are all lies. Now the CCP will be particularly vicious since they've been found out.
English has been banned in schools, foreigners vilified by the government there. Business owners have been jailed as spies. It seems like a bad time to have your product manufactured there. Mexico would be better if your business is located in the U.S. Otherwise India is an option. Last I checked Algeria and I think Turkey were industrializing.
As a costa rican Who has ser how the chinnese fleet kills our ocean I Will never buy chinnese made goods. A certaon a lot of People in the Américas that now is seeong the worst sode of making business with china. So good luck with that. I hope your company fails🎉😊
Wake up. GTF out of china
For some reason I am unable to see the other comments/replies.
What could the Chinese people do if and when the CCP bankrupts the country? I've seen videos of the tragic flooding going on and the horrendous loses. They have no disaster funds and when people do give money to "State Relief Agencies" the money never finds its way to the people in need. What food and supplies that do get delivered to the villages ends up in the local gov't coffers doled out to themselves 1st. The rest delivered to local stores for their benefit. The people still have to pay for their supplies. Horrible situation in China.
The same thing the Hurricane Katrina victims did, they will all die, and their bodies will be left to rot in the new swamp, and the rest of our lives will go on.
You are amazing!
Interesting thoughts
Aspirations and challenges are the motivations behind any human growth, both are limited in an authoritarian state the only outlet is war/conquest, alternativly you can manage aspirations of the population by reducing their horizons (more control aka N. Korea style) while challenges can be just the struggle to survive
Mainland China is quickly becoming Western North Korea.
Zeihans never happier then when he’s giving bad news about China. 😆
So are we when hearing talk about doom of these absolutist countries
Lol 😂😂
Bcos this serial liar has so many fools enjoying his lies
@@mindguru22enjoy your ignorance n continue with your brainwashing sessions by your criminal nation's fake news propaganda
Time for Xi and the CCP to all get a 'haircut."
Great analysis sir! My speculation is that the official data of China economics was altered [to look better, especially to XI] for a least a decade.
Thanks for all you do Peter! Was that Humming Bird #3 at 7:38???
Lol. I'm going to need you to start posting two to three videos a day. Your information is so good. Keep up the good work
😮A lot of inflation isn't due to excessive consumption -it's due to overly concentrated industries exercising price making power.
Most at this point.
❤ My daily dose of disaster. Thanks, Peter.
This is one of those bubbles that a lot of people have just been waiting to see burst. It will be very interesting to see what happens next with China now.
Hopefully the ccp will collapse and the Chinese people can again arise !!
@@RobertoTorres-gi8vh HAHA THE MAJORITY OF THE CHINESE PEOPLE SUPPORT THEIR GOVERNMENT.
Probably won't happen during my lifetime, but I'd love to see a similar slide into strategic/economic irrelevance with the OPEC nations....particularly Saudi Arabia. It would be sooooo cathartic to see a domestic source of super cheap energy emerge that would make oil/gas obsolete. And then all the genuflecting and hand-wringing we do with Persian Gulf states would vanish. They would become about as important on the world stage as Ghana.
This is an interesting development. Thanks Peter you are awesome 😎
Love the hummingbird in the background
Hi Peter, I remember ages ago that you gave a talk where you said that modern-day China was the most over-leveraged country in human history. You said words to the effect of, "There's going to be a show, folks!" when the time comes for China to pay the piper for all its debt.
Are we about to get ringside seats to that show now?
Grab some popcorn, you probably didn't even hear about Tiananmen Square being flooded last week for the first time in 600yrs have you? The CCP covers up everything they possibly can. There's now too much to hide from the world. Cheers.
Will this lead to a war footing to deflect the economic downturn? Will the Chinese look to mini-conflicts regionally?
It’s definitely a recurring trend throughout history for failing economies under a dictatorship to start wars to distract the public. Time will tell
Taiwan.
They may go to small conflicts. Maybe a medium one with Russia in the east. But It would be suicide to invade Taiwan. Not only due the gap in military quality but because they couldn't sustain a large war. They missed the window for that.
That's what I'm thinking. I'm sure that Xi Jinping will order an attack on Taiwan just to distract from the internal problems he caused. Or maybe start a war against Russia and take back Mandchuria
@@WheelieMacBin China is in no position to tank economic sanctions it will be hit immediately with.
Can you comment on the consequences of the recent flooding? It's difficult to get actual news, but appears to be much more significant than the usual
It is. Every video that I see shows horrible flooding, even in China. A lot of it is the result either the Tofu dreg construction, which causes a lot of buildings to collapse and the deliberate release of flood waters to protect other areas (like Beijing and Xi's pet project Xiongan New Area.
Of course, they're lying about the death toll. The CCP claims that maybe 30 people have died so far in all of China due to the floods. This is so ludicrously low that it's unbelievable. And we know that the CCP lies about everything that would make them look bad. They did the same with the 2021 Henan floods.
Its only difficult to get news because they have put up sight screens to prevent onlookers filming the catastrophe.
Thank you Peter for the information.
BRICS unraveling with a view 🥂
Delighful as always. Thank you Peter.
ZEIHAN seems to be pretty cheerful while delivering the bad news. Like, "I told you so..."
Well, he did.
Bad news about our greatest geopolitical rival, that is.
Very interesting. There is also a cultural facet to this problem. China has been under one man rule for most of it's history, emperor or chairman of the Communist Party and a massive bureaucracy in both cases. It's culture emphasizes conformity and social harmony over individual freedom and creativity (confucianism). This is difficult to adapt to the fast pace of social and technological change in our recent world history. In a nutshell , in the country of "Xi Jin Ping Thought", everyone has to think the same and conform. If everyone thinks the same, nobody is thinking.
That's a really interesting take....I think you are on to something there.
More of this please! This is why I subscribe. This is the kind of information hardly anyone else talks about. Let CBS, NBC, and ABC tell me how great Joe Biden’s administration is and how evil Trump is. Great video!
over 90% of all jobs made in the US since the 1950s have been generated under democratic party presidencies. Trump was a disaster in aggregate. If he had stopped golfing and done something about COVID instead of doing nothing because "it is a blue state problem", hundreds of thousands would have lived...
Do you want this on the news every day for 10 years or 20?
Peter's been talking about this for a decade and it's been free fall for years. I agree it's more interesting than the news of the day but that's almost always the case and should be.
@@ericmaclaurin8525 yes but I’m my opinion Peter has lowered himself to getting sucked into the corporate media narrative. The price you pay when you become an Amazon best seller. Can’t fault him. Everyone gotta eat
Thanks for the great analysis. I start my day with your TH-cam every day!
Strong analysis.
When things get bad at home, despots start wars abroad.