@7:24 Do you really believe that? Oil demand has peaked and now in decline? Because of transportation grids being electrified? Everyone makes mistakes. You get so much right, you were bound to get something wrong. This is one of messaging vs reality and you may be getting the wrong messaging.
@@MarcoMasseria That is a good point...a follow-up video on Chinese energy sources would be good to see if oil demand has truly peaked. Has nuclear and coal picked up the slack in China?
People all over the world have enjoyed lower inflation over the years because of China's efficiency. We all took it for granted and not appreciated it. In fact, some of us complained about the low quality of many goods made in China, which were sold at the lower end. Now many Western politicians complain about "competitive, affordable, high quality goods" from China because China outsells them. This is seen as a threat. The West would be friends with China politically if it remained a poor country producing low value goods. Ask any true sportsman, and they will tell you how hard they train to improve themselves. Ask any Western leaders with a short-term horizon, they will say one thing but do another, to protect their own wealth and their political careers. They don't serve their people. That's why the West has not progressed much relatively in the last 40 years whilst China has been catching up in double quick time.
I couldn't agree more with your assessment. The U.S. has grown complacent, resting on the laurels of modern conveniences while being fleeced by politicians who prioritize corporate interests over public service. It's staggering how seamlessly these elected officials work hand-in-hand with corporate elites, using media to distort the truth and push whatever narrative suits the billionaire class. It started with Fox, but now there are countless outlets parroting the same script. What’s tragic is that this short-sightedness isn’t setting off the alarm bells it should. Instead, people are caught up in distractions, clinging to outdated fears about migrants or longing for 'the good old days.' This divisive rhetoric, mostly championed by the right, is so easily debunked-but the public, misled and angry, can’t see through the smokescreen. Meanwhile, the real culprits-the billionaires profiting off this ignorance-are laughing all the way to the bank, using these distractions to quietly secure their grip on power.
@@limricks5822I guess you scroll through the comments too quickly. There's a big difference in meaning between "have not progress much" vs "have not budged" Access to American market is due to demand and supply as no one force Americans to buy China made products but since Americans prefer their sports and burgers to hard work had resulted in many manufacturing outsourced to Mexico initially then China eventually. It's the greedy corporations to be blame and Americans addiction to cheaper products
and a national security issue ,don t you know its the phrase that covers everything from americans butt to europes unwashed and overly perfumed selves everything is a national security issue
Their whole currency system rests on the defense budget of the united states maintaining age-old supply chains. Coffee is my thing. They force countries to grow it in place of more profitable local crops just so they can pool the beans in their exchanges far away from the countries that produce it. Without that YOU have ZERO wealth.
It wasn't just greed. The green lobby made it too expensive to open a mine in the US. It's still too expensive to do a lot of things because the regulations were designed to kill those US industries.
We(the rest of the world) should learn the lesson China is giving us, which is work for long term achievements without making so much noise in advance.
It is impossible for you guys to learn. in China's 5000 years history, China had led the world ahead of any other country for over 4000 years. only Recently 200 year, China was behind : China missed the Age of Exploration because it refrained from plundering and conquest. Zheng He embarked on global voyages 87 years before Columbus, but his expeditions were state-sponsored displays of power and declarations of peace, unlike Columbus, who led Spain in massacring indigenous peoples, eradicating local civilizations, and colonizing the Americas. The West, driven by its ambitions to build larger ships and more powerful weapons, spurred the Industrial Revolution, leaving China to fall behind. Now China is back to lead the human into the outerspace. if you dive deep into SpaceX and Tesla, You will find the investors and Talents are Chinese.
Good analogy. Washington and the EU are riding in the caboose but they want to punish the guys up in the locomotive .... so they are going to decouple first and build their own locomotive later on down the tracks ... after they coast to a standstill. 😂
We've got plenty fat factories. They're called Starbucks, Crispy Cream, The Cheesecake Factory ect. These factories operate 24/7 and are in high demand.
@@johnulmer6715 they’ve done their job in the valiant fight to depop the country through their “food”. Unfortunately, the public’s gotten wise and all three companies are on investor short lists as the next to go “pop”.
China is the future and is advancing fast and very fast on all fronts. Its wise visionary leadership and competent responsible people focus dedicated collective governance will bless the people nation with progress prosperity safety security. Well done China and welcome Spring Festival in The Year Of The Wood Snake 👍❤️🇨🇳 🐍🌏
I'm glad that Kevin is doing the analysis and the reporting based on the facts. 20 something years ago, when I was in college , I saw all these coming from China and told a goup of close friends what's coming in the near future. The reponse I'd received was , well, one of them said : '" I'm an American, no one is going to eat my lunch, okay ? ! " . A few of them laughed and thought that I was being funny . And here we are.
Over the past 40 years, most American companies made over billions and billions each year in doing businesses with China or outsourcing to China to maximize their profits. Hence, most American companies supposedly should have over hundred of billions in their bank and extremely cash-rich by now. However, those hundred of billions have been spent on paying CEO’s salaries and bonuses, top executives’ pays, shareholders’ dividends, lobbying, and so on over the years. Basically, bulk of their cash/profits went to individuals which nothing much left for their companies to build their own supply chains that may require hundred of billions. In order to re-build their supply chains again, these companies would have to seek funding from the government, since no rich guys will use their own money to invest in such a high-risk-low-return projects. Eventually the government will have to use taxpayers’ dollars to fund those projects. Therefore, high tariffs on imported goods is needed to generate extra tax revenues for the rich. Basically, those individual Americans chanting for higher tariffs would have to pay the extra taxes.
It is not the companies that have the profits, it is the few individuals that own those companies. The upper 1% ownd more wealth than the lower 95% of the american people.
Yes, a number of excellent points. Greed and myopic thinking undermines future success in corporations and governments. U.S. government has squandered trillions in pointless wars rather than invest that wealth in infrastructure, education and human health in the U.S. And many more trillions wasted bailing out Wall Street and the rich when they stumble into trouble.
That is why western politicians paint China and Chinese as our biggest enemies. That is the only way to distract from their utter failure and put it all on China.
High tariffs are not the only way to generate tax. Directly taxing the wealthy will also generate tax income. I realize that the wealthy are not going to tell all the politicians they bought to tax the wealthy but it should at least be considered by the bottom 90%.
Do they teach people about morals and stories like "The Grasshopper and the Ant"? It seems like these are no longer taught and this is the reason why we have fallen behind countries like China that "made the hay while the sun shined". China survived for a long time with scarce opportunities that came her way and when she finally opened up to the world and the WTO, she grasped the opportunities that came with both hands fiercely, eagerly and with great passion. But, having gone through hard times for hundreds of years - virtually nearly 200 years - she didn't waste the money she earned in wars and military adventures while setting up 800 military bases around the world which is like a hole in the bottom of a financial ship. She spent it building up her country, her economy and increasing the living standards of her people. Fast forward just a few decades and you no longer see the Chinese dressed all alike in drab blue "Mao suits" but in colorful, fashionable, attractive clothing where the women are carrying fashionable handbags and having their hair done again - which is a sign of internal prosperity. She spent the money she was earning in infrastructure and building her manufacturing supply chain and setting up a viable production eco-system of efficiency that foreign manufacturers found favorable and she spent her money in developing relationships with foreign countries in rebuilding trade connections. China was the "ant" - industrious and saving her fortunes - something that Westerners have forgotten ever since they were taught to be CONSUMERS from the 1960s onwards. Banks that used to encourage savings, soon dropped that and began to even charge small savings accounts an "administration fee" until there is nothing left in the account. The people were told that their economy depends upon CONSUMPTION and having "PLANNED OBSOLESCENCE" in products (which is why products are not made to last) is a "good thing" (one of the reasons why we have ANNUAL changes in models and updates and upgrades which then necessitates a constant spending - outflow - of money "to keep up"). "Buy today, pay back tomorrow" became a mantra in unbridled consumerism. Gone are the days when a product and a system lasted for years. No wonder so many Americans are homeless today (as at January 2024, an estimated 771,800 Americans are homeless - see: usatoday.com/story/news/nation/2024/12/27/how-many-people-are-homeless-us-2024/77020773007/ ) The West has become "the grasshopper" - make merry, eat-drink-party-consume - "just do it". Who cares about tomorrow because, well, "tomorrow never comes". So we thought. Well, tomorrow has arrived and our politicians are panicking because they have found their cupboards have become rather empty or near empty and the winter snows are arriving. The ant has all the resources built up and is enjoying life but this makes the grasshopper angry with jealousy. It began accusing the ant of "stealing" and tries to stomp the ants and destroy its nest. And folks, this is the story of "The Grasshopper and the Ant" brought up to modern times. Will we learn? When will we learn - if ever? We still have people among our midst who refuse to believe that we are into the opening stages of a hard winter coming. They are in denial - too filled with hubris and egoistical pride - and this is dangerous because it means that such will not look for workable answers but resort to simplistic 3-year old juvenile "solutions". Such foolishness will not stand the test of time.
About 70% of US politicians have legal backgrounds. That's why they are so good at coming up with new laws all the time. Their knowledge of law make them feel bold to the limit of arrogance. But what about their vision for the benefit of the country?
On the other hand, a significant portion of China's leadership is comprised of trained engineers. Xi himself has a chemical engineering background and was involved in bringing biogas tech to Shaanxi.
Problem with America is it's pleb of mix races, therefore everyone is cosmopolitan and rootless and have no allegiance to the state. It was designed this way.
Sometimes it scares me to see a nation plan for the long term the way China does, every video Kevin presents shows that at every point they are at the top or working towards it, is impressive!. The time of multipolarity is here and I am hopeful for it. greetings from argentina
This is how every government and every economy should be run : Set the national goals and design the policies to attain those goals. If circumstances change or the analysis alters, both the goals and the policies can be adapted in order to succeed. “Liberal Democratic” systems are not set up to achieve tangible results, but to get different factions into power. The politics drive the policies. This is the fundamental impetus in electoral “democracy”, and that does not lend itself to long term planning, stability of governance, or sensible policy. As such, they are fated to lose when pitted against a meritocratic, goal-driven system.
China's CCP have leadership that can execute plans that take decades as the focus is not lost (compared to 4-5 year cycles that USA and all western democracies experience). Western leaders are chosen by popularity and hundreds of millions of payout to get votes (they call this democratic process). The Western and USA leaders (presidents and prime ministers) are not chosen for their leadership skills, foresight, or ability to plan and execute plans. So they F**K most plans even if they are really sincere in carrying out their promises (most of the time, the promises are made to get elected and never considered once they are elected).
@@arthurhwang117 They didn't think they were pitted against a meritocratic, goal-driven system. They thought they were pitted against an autocratic regime, so they were not worried at all because, in their minds, Democracy always wins over Autocracy.
They can plan longterm becaue they are a one party system, all the planning, discussions and debates are worked out behind close doors, then when ready for implementation, there is nobody opposing, delaying or derailing the plan
I've been a long time visitor of Kevin's channel, and I've noticed a pattern. Whenever western nations set to take China down they always run into the trouble of setting whole supply chains. It's like the rulers think that, for instance, they just need to build factories of electric cars to replace China. Apple tried doing so and ran into the issue. The western nations used to have a complete command of all supply chains. The cheap explanation why they have lost so much ground is cheap labor competition, but that's only partial. Apple's CEO well argued against this stereotype. Besides, if cheap labor is so important, why didn't India, Brazil or Mexico succeed? There's actually many explanations why China succeeded, one is that western nations, especially the USA, narrowed down all their industrial efforts to the military complex ... and even in this regard they don't fully control supply chains. The argument that powerful nations fail due to excessive military spending is old, but the military complex always made sure to keep it ignored. But reality doesn't change because you hide it.
Aside from the high costs of feeding the MIC, launching endless wars everywhere on the planet, and maintaining a network of bases, etc. in a military Empire -- it is also deeply corrupting to the society. It requires an immense amount of dishonesty and propaganda to justify all of the above -- and that cripples the ability to think critically and wisely about the future.
Comments here about US and Europe investing in global south countries to improve copper supplies will not work. Today’s era is unlike the past. Social media is available with large sections of the world population. Nobody likes the arrogance of the US or Western European nations. It will be difficult to build relationships in these times.
"our" only option will be to "request access" to the Global coalition (BRICS/ BRi) and be subject to VERY strict conditions, most likely a "request" for greatly reduced military strength which "some" (guess who) will declare to be "unacceptable".... But sometimes you just have to be pragmatic..... Oh....wait....D.T?....pragmatic? Hmmmm.... PROBLEM!
The sad part is that a lot of global south countries tried to work with us for mutual benefit after their independence from great Western powers. Instead of partnering up we kept lecturing them and abusing them. Why in the world would you go back to home where you're a victim of domestic violence? I wouldn't want to return especially not if somebody else is out there treating me better.
This is what happens when your politicians are mostly engineers, which is China, compared to a country where the politicians are mostly lawyers, which is the US.
Not only that, you need to have a stable government where you dont cancel the plans every 4 years because of change of leading party. And finally, looking further than next quarters profits which works against our short term focussed stock market driven economy.
"China has already done the hard part." This is a recurring theme. So many industries hollowed out and no action taken to rebuild them in the West, just talk.
@marczhu7473 it's not about being competitive. It's about what have I to gain? Oligarchs have nothing to gain by building any industries here they already made their money by moving industry and jobs to China. Nothing could beat the Chinese market when it comes to labor. The problem is that the Oligarchs are now not making all the money but the Chinese are taking a slice of the pie. And now china is "problem" the Oligarchs already sold out the working class and now we have to make the Chinese the enemies? I say F that. Let china freely sell their goods here in the west with no tarrifs. So we the working class can benefit from their low prices.
@NIO4LIFE The thing is some us oligarch win with china trade having stocks in joint venture. The rest is mad because they don't or have lockheed stocks.
The US is run by a corrupted institution call the Law-making politicians. Corruption is seriously rampant, but it is not discoverable because the whole system is already implemented for corruption because it is deeem legal by Law which simply named it as interests groups. Such interests group are designed by the oligarchs, i.e. the king-makers.
3:10 because when a society doesn’t value engineers, they have a very simplistic understanding of supply chains. manager types take engineers for granted. they think if you dig up the raw materials, the refining and manufacturing part magically happens somehow. china doesn’t seem to take engineers for granted but in fact respects them like how victorian britain respected theirs.
The main virtue in the US is to be immensely rich. STEM grads don't become immensely rich by building things, The way to become immensely rich is to extract wealth from the system and not get axed, not to create wealth.
the US doesn't have any money.. all that billions and trillions are imaginary printed toilet paper.. the US live on a fantasise GDP.. that feeds the most complex Ponzi scheme the world have ever seen.. good news is its coming to an end.. be prepare..
As long as they believe they are defending democracy and championing human right, money is no issue, though they conveniently forgot that they engineered and conducted a very undemocratic coup in Ukraine, regime-changing the democratically elected president, before the world class comedian was brought in, who presided over the missile attack at the building in Kazan in exactly the same style as that of the 9/11 incident in New York in 2001(?).
I can’t help but love his off beat humor in his comments about the US. I am so glad I found his channel. I have learned so much and it sparks my intellect in this later part of my life.
I live in southwest Montana about 40 miles from a town where a copper mine has been trying for a decade to get started. Great copper deposits, but government regulations and lawsuits. There's already copper refining in Butte Mt but the "system" is constantly working against the development of the mine. Americans don't want to succeed, they want to whine and cry about things they could change if they wanted to.
The problem is that it requires large investments and time to build. That lowers returns during the interim. It’s easier to profit from the lack of investment and shortages.
No, the problem is when you get a bunch of serial cheating, greedy, corrupt narcissists together, all they do is argue and compete with each other instead of collaborating.
@asleytamkei7507 They will fall. Chinese are smart and they are working hard. From 52 technologies important for the world,36 are invented and controlled by China. You can't stop such a country from advancing. And because of the western sanctions on russia,Chinese will be able to produce even cheaper.They have now unlimited access to cheap russian energy,and that's a huge mistake from western side,huge mistake. It looks like they want China to surpass them,they are doing everything to make this possible.
Two fundamental questions: (1) how China secured nearly all supply chains for critical materials when we were sleeping? (2) Why China was so motivated like 20 years ago to go such extraordinary efforts not only secure the sources of materials but also push the prices (not just costs) lower (they could have just make more profits)? They must have seen what we don't see, even now.
Its not about seeing whatg they see that we dont. Rather, its more of the fact that China simply doesn't want to be humiliated and be caught with their pants down again like they did in 1842. The biggest mistake Europe has ever done was drilling this fact in the Chinese psyche throughout the years. And besides, China is just returning to its place in the world, and that is at the top and center of the world.
There's an analogy. 2006. A company (CEO) published a document starting with "Between you and me" and ending with "don't tell anyone". Well.... The industry concerned thought the "You" was "someone else".... And they "didn't tell anyone". . The "Master Plan" was *Remarkably* similar to the Chinese method, was received with the same dismissive attitude and eventually had similar disastrous effect on the Luddites when successful, despite the huge, concerted campaign to derail it. (I'm sure you can fill in the blanks). Time will tell if the instigators of BOTH (related) disruptions were/ are honourable. I suspect the deserve they benefit of the doubt.
the problem with US is just where is the market for US after processing it, US doesn't have the manufacturing base any more and what market to sell it to anyway?
Build what? Problem with US is in the past, they rather used force labour and print money to pay. That is how trade deficits come from. Produce less buy more. Not need to work hard. Just outsource to the fools who work while like Hare, US was laughing and became arrogant.
China is a leading manufacturing country, so they use a lot of copper. The highest demand for copper is in China, and producing copper in the US is more expensive. Therefore, where would the US sell this expensive copper to? Very few countries would buy their expensive copper, and there is very little demand for it in the US. Thus, it is meaningless.
America worry about starting a fire when China already has not just a burning fire already, but a forest, rail, locomotive, and a city or two for the goods on the train ready…
@@agusedyanto3324 . The oligarchs will create the demand by inciting wars for the military will buy copper products at higher costs due to their philosphy that in the name of national security, market logic is not relevant. 😁
if it takes $85BN to mine copper in USA then consider a lesson from farmers who tried to grow coconuts in the arctic but needed $50BN investment: think about importing from where its more economic.
@@rogerstarkey5390 the "debt" is not a big deal too. The US just need to print the money to pay back while waiting for companies to come back to US. Once they are back, they will pay enough of taxes to fill the US's vault 😄
@@karimroufaou3579 "Printed money" is essentially "printed PAPER". It's a promisory note only as good as the reputation of the individual or country which issues it. Did I say "reputation"?
TBH $85B is peanuts for the US treasury. But this isn’t the problem. The money isn’t the issue. The math just doesn’t make sense. It’s a losing venture if doing this outside of China.
Americans have sent all their monies to Ukraine; there is nothing remaining but debt to rehabilitate their economy, rehabilitate their dilapidated infrastructure and to look after the poor and homeless people.
NIce to see China showing the world that there is another way of doing business. After centuries of European then American calling the shots , it is about time ....
*Happy new year 🎊 You work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires*
After I raised up to 325k trading with her I bought a new House and a car here in the states 🇺🇸🇺🇸 also paid for my son's surgery (Oscar). Glory to God.shalom.
Good day all👍🏻 from Australia 🇦🇺. I have read a lot of posts that people are very happy with the financial guidance she is giving them ! What way can I get to her exactly ?
Key dates -- you draw the conclusion. China's economic rise began in 1978, 47 years ago, and they became an economic powerhouse. The US made noises about developing a copper industry a decade ago and nothing has happened.
Blue-collar jobs are more respected in China. These workers are often called, "Sifu", masters. A lot of young Chinese still prefer white-collar jobs a little more, but they don't disrespect blue-collar workers for they provide irreplaceable value in society. Americans devalue blue-collar jobs, young people would rather be influencers or drop shippers. The $85 billion is just the initial investment, the cost of labor, training, relocation, changing culture... the real cost can be a lot more if they can even fulfill these jobs in one generation.
If the US and China can cooperate, the two and even the whole World, will be better off. But, the elites everywhere do not worry about those who are suffering, so long as their own families and loved ones are doing well, which is the 1% are living on the blood, sweat, and tears of the "Rest-of-World".
15 years ago a tech CEO friend spent a a year in the jungles of Tonga with a the Peace Corp. He said they were everywhere in the most remote areas doing BUSINESS with the Tongans.......... On one side of a mountain in Afghanistan was engaged in battle. On the other side China was/is mining rare earth minerals.
there is a huge new Russian copper deposit is being developed in the Arctic - in Chukotka. they have had a floating nuclear powerplant there for 5 years at Pevek .... West couldn't do anything like that. And yes usually wherever you find copper you also find gold ..... very lucrative operation no prizes for guessing where most of the copper concentrate will go .....
What Western company is going to sink $85 BILLION in upfront capital expense over several years to compete with Chinese copper that is already world-leading in efficiency. When the mines come on line, the global production is that much larger, and the cost goes that much lower due to basic economic forces. The only way Western mines and refining work is with national price support, tariffs, and import bans that leave them extremely small market share like Jones Act and Defense ship production.
As global and domestic demand for copper continues to rise, driven by the expanding market share of Chinese products that rely heavily on copper-such as EVs, home appliances, and the emerging low-altitude economy etc-its copper industry is becoming increasingly competitive. Decoupling will be extremely challenging, if not impossible.
Yep. We've become a factory of inane lawsuits and insane legislation thanks to said legal "industry". The damage that does to our ability to get ANYTHING productive done in this country anymore is incalculable.
They had pretty bad inflation in 1990/1. In the last 5 years, it's adtually deflation. Mostly due to the collapse of the property market. It's being closely monitored as the gov wants to see inflation and not deflation
Zeihan starts with his conclusions ... which are ideological .... he then hunts around to find "facts" which will justify his conclusions. I watch him occasionally but other than learning about his prejudices -- I don't learn much. 🙂
As long as Canada follows the rules set by USA , Canada has become a third world country like Venezuela. We have to lower our standards to fit the USA standard of making steel , copper , and all other metals and alloys , because USA wants everyone to produce it at a their cost . Canada use to be tops in finding minerals and making mines , but our news media is telling us that China have taken over most of the mining in South America .
China has 1.42 billions strong, hardworking & innovative people. Certainly they control most of global supplies of all sorts of raw materials or commodities, their processings, usages for manufacturing goods for the domestic & export markets. Because of very large scale production, Chinese goods are cost effective and competitive that most countries unable to match. 😅
@@glorgau brainwashed, try using your critical thinking and not take everything your media tells you as gospel. They ahve been caught lying to you again and again and yet you keep believing them.
How do you research all of these within days? That is what I am baffled about. And when you do your voice-over, it's always as if you have known the key talking points forever.
He has a team that does the reaserch plus kevin work his own normal just, helping big us companies in china. But he still does this for free, he don't put ads or tried to keep it under 10 min so that TH-cam dont put 2 ads in the video. No fillers no nonsense.
China now makes over 70% of the world’s electric vehicles. It also is targeting to finish 9 million 5G base stations for ubiquitous 5G in all towns and cities. It also has built out high voltage direct current lines (HVDC) throughout the country to transport electricity throughout the country without much loss in transmission, sending energy from huge solar and wind plants to manufacturing areas. Lastly, it is set to implement flash smelting for steel production which will reduce its steel manufacturing costs by 1/3rd (China produces perhaps 8% of the world’s steel now). In summary, China is on a huge roll to further dominate many complete supply chains, right from the mines to many of the finished products. It appears to be unstoppable.
You didnt mention how much copper goes into transformers and electric motors (though you did mention EV's) ... Just pointing out it's not just the cars but any kind of motion needed for manufacturing, and the grid connections _for_ manufacturing.
Most of the west simply are too blind (or naive) to see that lower cost is better for all consumers ... regardless of ethnicity. When governments impose tariffs under the guise of protecting local enterprises, it never works. Instead leaders should work with each other on their strengths and build commonly needed infrastructure. It was not a mistake for the west to outsource their industries to cheaper countries. It is a mistake for them to assume that after outsourcing they can continue to suppress those foreign economies
Wow, i was thinking about copper today🧐,as an example of resource price control and inflation, and why do we have more csbles now then twenty years ago.. Serendipity 😱
US has corporations and lobbies (favours to pay), China goes for efficiency and productivity. Capital at the service of China not the other way around. Efficiency and productivity above all. Western can´t match that with the corporations ruling.
Great overview of an extremely important aspect of global industry. The US is paying the price for focusing on profits rather than common sense and long term planning.
Kevin: Agreed; Supply chain costs and availability is critical for a company to be competitive. There is another critical category of costs that impact a company’s ability to compete where China is world leading efficient … infrastructure driven costs including electricity, transportation, litigation & settlements, and more. I would like your insight on China’s infrastructure efficiencies and their impact on industrial competitiveness.
When you have competent leaders who knows both how to stimulate AND regulate the markets and industries. The US and Europe could learn a thing or two, but they're too heavily lobbied to be able to get out of this mess.
$85B! So what!... No problems...if US can spend to date at least $100B and counting to advance a war in a faraway land but not knowing when and what the return would be, surely spend $85B to challenge China copper industry would be well spent. 😮😮😮😮
Video transcript and direct links:
kdwalmsley.substack.com/p/the-us-needs-85-billion-to-build
Thank you!
Love your excellent reporting and analysis. Keep it up!
@7:24 Do you really believe that? Oil demand has peaked and now in decline?
Because of transportation grids being electrified?
Everyone makes mistakes. You get so much right, you were bound to get something wrong.
This is one of messaging vs reality and you may be getting the wrong messaging.
@@MarcoMasseria That is a good point...a follow-up video on Chinese energy sources would be good to see if oil demand has truly peaked. Has nuclear and coal picked up the slack in China?
25th like and 5th reply
People all over the world have enjoyed lower inflation over the years because of China's efficiency. We all took it for granted and not appreciated it. In fact, some of us complained about the low quality of many goods made in China, which were sold at the lower end. Now many Western politicians complain about "competitive, affordable, high quality goods" from China because China outsells them. This is seen as a threat. The West would be friends with China politically if it remained a poor country producing low value goods.
Ask any true sportsman, and they will tell you how hard they train to improve themselves. Ask any Western leaders with a short-term horizon, they will say one thing but do another, to protect their own wealth and their political careers. They don't serve their people. That's why the West has not progressed much relatively in the last 40 years whilst China has been catching up in double quick time.
I couldn't agree more with your assessment. The U.S. has grown complacent, resting on the laurels of modern conveniences while being fleeced by politicians who prioritize corporate interests over public service. It's staggering how seamlessly these elected officials work hand-in-hand with corporate elites, using media to distort the truth and push whatever narrative suits the billionaire class. It started with Fox, but now there are countless outlets parroting the same script. What’s tragic is that this short-sightedness isn’t setting off the alarm bells it should. Instead, people are caught up in distractions, clinging to outdated fears about migrants or longing for 'the good old days.' This divisive rhetoric, mostly championed by the right, is so easily debunked-but the public, misled and angry, can’t see through the smokescreen. Meanwhile, the real culprits-the billionaires profiting off this ignorance-are laughing all the way to the bank, using these distractions to quietly secure their grip on power.
Most excellently put, Very polite too.
Totally agree, you nailed it.
@@limricks5822The original comnent spills facts. Deal with it if you can't totally agree.
@@limricks5822I guess you scroll through the comments too quickly. There's a big difference in meaning between "have not progress much" vs "have not budged" Access to American market is due to demand and supply as no one force Americans to buy China made products but since Americans prefer their sports and burgers to hard work had resulted in many manufacturing outsourced to Mexico initially then China eventually. It's the greedy corporations to be blame and Americans addiction to cheaper products
i assume the US and EU will complain that doing things efficiently is an unfair trade practice.
and a national security issue ,don t you know its the phrase that covers everything from americans butt to europes unwashed and overly perfumed selves everything is a national security issue
Their whole currency system rests on the defense budget of the united states maintaining age-old supply chains. Coffee is my thing. They force countries to grow it in place of more profitable local crops just so they can pool the beans in their exchanges far away from the countries that produce it. Without that YOU have ZERO wealth.
They are trying hard to find something like opium, or slave labor…
"Overcapacity"
Efficient and efficiency 99/100
but never effective (100/100)
The greed of the u s corp is just unfathomable.
It wasn't just greed. The green lobby made it too expensive to open a mine in the US. It's still too expensive to do a lot of things because the regulations were designed to kill those US industries.
if they hired you as CEO of a company. what is their expectations?
I'm interested in investing, but i'm not sure where to start. Do you have any advice or contacts who can help me out?
It is wise to seek professional guidance when building a strong financial portfolio due to its complexity
Talking to an expert like joyce Albert to reshape your portfolio is a very smart move
Joyce Albert is really a good investment advisor. Was privileged to attend some of her seminars. That's how I started my own crypto investment...
The reality is that you can't do it without a tried and true person like Joyce...
Quite encouraging seeing joyce being talked about here, I started off with
2000 Bucks... now with good returns.highly recommended..
We(the rest of the world) should learn the lesson China is giving us, which is work for long term achievements without making so much noise in advance.
I guess this should be taken to an individual level, at best
Look outside and ask yourself if you have a cultural connection producing food out there. Thats literally the very first step.
India, are you reading this advice?
@@hagankeys3610 India is opportunistic, just like Western shareholders. They don't look more than 3 months ahead.
It is impossible for you guys to learn. in China's 5000 years history, China had led the world ahead of any other country for over 4000 years. only Recently 200 year, China was behind : China missed the Age of Exploration because it refrained from plundering and conquest. Zheng He embarked on global voyages 87 years before Columbus, but his expeditions were state-sponsored displays of power and declarations of peace, unlike Columbus, who led Spain in massacring indigenous peoples, eradicating local civilizations, and colonizing the Americas. The West, driven by its ambitions to build larger ships and more powerful weapons, spurred the Industrial Revolution, leaving China to fall behind. Now China is back to lead the human into the outerspace. if you dive deep into SpaceX and Tesla, You will find the investors and Talents are Chinese.
Decoupling from China is merely talk nothing more. Your rail car is at the back of the train, go ahead and decouple and see what happens.
Good analogy. Washington and the EU are riding in the caboose but they want to punish the guys up in the locomotive .... so they are going to decouple first and build their own locomotive later on down the tracks ... after they coast to a standstill. 😂
Good point. Like your analogy. ❤
“If we had any factories…” brutal.
Maybe start counting yoga studios as factories.
😂
Yes, if you work at U S factory, it is very brutal job, they will write you up with little mistake.
We've got plenty fat factories. They're called Starbucks, Crispy Cream, The Cheesecake Factory ect. These factories operate 24/7 and are in high demand.
@@johnulmer6715 they’ve done their job in the valiant fight to depop the country through their “food”. Unfortunately, the public’s gotten wise and all three companies are on investor short lists as the next to go “pop”.
Maybe Trump will build one.
China is the future and is advancing fast and very fast on all fronts. Its wise visionary leadership and competent responsible people focus dedicated collective governance will bless the people nation with progress prosperity safety security. Well done China and welcome Spring Festival in The Year Of The Wood Snake 👍❤️🇨🇳 🐍🌏
I'm glad that Kevin is doing the analysis and the reporting based on the facts. 20 something years ago, when I was in college , I saw all these coming from China and told a goup of close friends what's coming in the near future. The reponse I'd received was , well, one of them said : '" I'm an American, no one is going to eat my lunch, okay ? ! " . A few of them laughed and thought that I was being funny . And here we are.
Over the past 40 years, most American companies made over billions and billions each year in doing businesses with China or outsourcing to China to maximize their profits. Hence, most American companies supposedly should have over hundred of billions in their bank and extremely cash-rich by now. However, those hundred of billions have been spent on paying CEO’s salaries and bonuses, top executives’ pays, shareholders’ dividends, lobbying, and so on over the years. Basically, bulk of their cash/profits went to individuals which nothing much left for their companies to build their own supply chains that may require hundred of billions. In order to re-build their supply chains again, these companies would have to seek funding from the government, since no rich guys will use their own money to invest in such a high-risk-low-return projects. Eventually the government will have to use taxpayers’ dollars to fund those projects. Therefore, high tariffs on imported goods is needed to generate extra tax revenues for the rich. Basically, those individual Americans chanting for higher tariffs would have to pay the extra taxes.
It is not the companies that have the profits, it is the few individuals that own those companies. The upper 1% ownd more wealth than the lower 95% of the american people.
Yes, a number of excellent points. Greed and myopic thinking undermines future success in corporations and governments.
U.S. government has squandered trillions in pointless wars rather than invest that wealth in infrastructure, education and human health in the U.S. And many more trillions wasted bailing out Wall Street and the rich when they stumble into trouble.
That is why western politicians paint China and Chinese as our biggest enemies. That is the only way to distract from their utter failure and put it all on China.
CEO super Yachts create jobs 😅
High tariffs are not the only way to generate tax. Directly taxing the wealthy will also generate tax income. I realize that the wealthy are not going to tell all the politicians they bought to tax the wealthy but it should at least be considered by the bottom 90%.
This is better information than that provided by many pay-walled financial sources. Great job!
We need to get you past 100k subs and then 500k so that you have an incentive to keep doing this.
It is a simple case of China responding to market forces and working hard.
Do they teach people about morals and stories like "The Grasshopper and the Ant"?
It seems like these are no longer taught and this is the reason why we have fallen behind countries like China that "made the hay while the sun shined".
China survived for a long time with scarce opportunities that came her way and when she finally opened up to the world and the WTO, she grasped the opportunities that came with both hands fiercely, eagerly and with great passion. But, having gone through hard times for hundreds of years - virtually nearly 200 years - she didn't waste the money she earned in wars and military adventures while setting up 800 military bases around the world which is like a hole in the bottom of a financial ship. She spent it building up her country, her economy and increasing the living standards of her people.
Fast forward just a few decades and you no longer see the Chinese dressed all alike in drab blue "Mao suits" but in colorful, fashionable, attractive clothing where the women are carrying fashionable handbags and having their hair done again - which is a sign of internal prosperity. She spent the money she was earning in infrastructure and building her manufacturing supply chain and setting up a viable production eco-system of efficiency that foreign manufacturers found favorable and she spent her money in developing relationships with foreign countries in rebuilding trade connections.
China was the "ant" - industrious and saving her fortunes - something that Westerners have forgotten ever since they were taught to be CONSUMERS from the 1960s onwards. Banks that used to encourage savings, soon dropped that and began to even charge small savings accounts an "administration fee" until there is nothing left in the account. The people were told that their economy depends upon CONSUMPTION and having "PLANNED OBSOLESCENCE" in products (which is why products are not made to last) is a "good thing" (one of the reasons why we have ANNUAL changes in models and updates and upgrades which then necessitates a constant spending - outflow - of money "to keep up"). "Buy today, pay back tomorrow" became a mantra in unbridled consumerism. Gone are the days when a product and a system lasted for years. No wonder so many Americans are homeless today (as at January 2024, an estimated 771,800 Americans are homeless - see: usatoday.com/story/news/nation/2024/12/27/how-many-people-are-homeless-us-2024/77020773007/ )
The West has become "the grasshopper" - make merry, eat-drink-party-consume - "just do it". Who cares about tomorrow because, well, "tomorrow never comes". So we thought. Well, tomorrow has arrived and our politicians are panicking because they have found their cupboards have become rather empty or near empty and the winter snows are arriving.
The ant has all the resources built up and is enjoying life but this makes the grasshopper angry with jealousy. It began accusing the ant of "stealing" and tries to stomp the ants and destroy its nest.
And folks, this is the story of "The Grasshopper and the Ant" brought up to modern times. Will we learn? When will we learn - if ever? We still have people among our midst who refuse to believe that we are into the opening stages of a hard winter coming. They are in denial - too filled with hubris and egoistical pride - and this is dangerous because it means that such will not look for workable answers but resort to simplistic 3-year old juvenile "solutions". Such foolishness will not stand the test of time.
@Trueye-sl2mr
Esp the working hard part.
About 70% of US politicians have legal backgrounds. That's why they are so good at coming up with new laws all the time.
Their knowledge of law make them feel bold to the limit of arrogance. But what about their vision for the benefit of the country?
Looting the Titanic while the band plays.
Seems to me that you would NOT want an individual from that "70%" defending you in court (Unless you WANT to be found guilty?)
On the other hand, a significant portion of China's leadership is comprised of trained engineers. Xi himself has a chemical engineering background and was involved in bringing biogas tech to Shaanxi.
Problem with America is it's pleb of mix races, therefore everyone is cosmopolitan and rootless and have no allegiance to the state. It was designed this way.
They formulate new laws only to benefit the oligarchs
This is where the REAL economy is, not the fake and bloated real estate market that most "analysts" fixate on.
Absolutely, this is real economy, PRODUCTION.
REAL estate is a mirage...
In my opinion justly called paper profits.
but muh STAWKS!!!!!
Lotta millionaires in real estate. Damn few billionaires, though.
Sometimes it scares me to see a nation plan for the long term the way China does, every video Kevin presents shows that at every point they are at the top or working towards it, is impressive!.
The time of multipolarity is here and I am hopeful for it.
greetings from argentina
China's plan is: Have the ability to build everything by ourself. we have to
This is how every government and every economy should be run : Set the national goals and design the policies to attain those goals.
If circumstances change or the analysis alters, both the goals and the policies can be adapted in order to succeed.
“Liberal Democratic” systems are not set up to achieve tangible results, but to get different factions into power. The politics drive the policies. This is the fundamental impetus in electoral “democracy”, and that does not lend itself to long term planning, stability of governance, or sensible policy. As such, they are fated to lose when pitted against a meritocratic, goal-driven system.
China's CCP have leadership that can execute plans that take decades as the focus is not lost (compared to 4-5 year cycles that USA and all western democracies experience). Western leaders are chosen by popularity and hundreds of millions of payout to get votes (they call this democratic process).
The Western and USA leaders (presidents and prime ministers) are not chosen for their leadership skills, foresight, or ability to plan and execute plans. So they F**K most plans even if they are really sincere in carrying out their promises (most of the time, the promises are made to get elected and never considered once they are elected).
@@arthurhwang117 They didn't think they were pitted against a meritocratic, goal-driven system. They thought they were pitted against an autocratic regime, so they were not worried at all because, in their minds, Democracy always wins over Autocracy.
They can plan longterm becaue they are a one party system, all the planning, discussions and debates are worked out behind close doors, then when ready for implementation, there is nobody opposing, delaying or derailing the plan
I've been a long time visitor of Kevin's channel, and I've noticed a pattern. Whenever western nations set to take China down they always run into the trouble of setting whole supply chains. It's like the rulers think that, for instance, they just need to build factories of electric cars to replace China. Apple tried doing so and ran into the issue.
The western nations used to have a complete command of all supply chains. The cheap explanation why they have lost so much ground is cheap labor competition, but that's only partial. Apple's CEO well argued against this stereotype. Besides, if cheap labor is so important, why didn't India, Brazil or Mexico succeed?
There's actually many explanations why China succeeded, one is that western nations, especially the USA, narrowed down all their industrial efforts to the military complex ... and even in this regard they don't fully control supply chains.
The argument that powerful nations fail due to excessive military spending is old, but the military complex always made sure to keep it ignored. But reality doesn't change because you hide it.
The US reminds me of the Soviet Union in 1989, bloated and inefficient setting itself up for a huge downfall.
Yup. It is going to happen.
Aside from the high costs of feeding the MIC, launching endless wars everywhere on the planet, and maintaining a network of bases, etc. in a military Empire -- it is also deeply corrupting to the society.
It requires an immense amount of dishonesty and propaganda to justify all of the above -- and that cripples the ability to think critically and wisely about the future.
Military spending yes but also national debt and corporate subsides
President Eisenhower already warned about this in his farewell speech 1961
That's what you get when you believe that GDP and wall street are good representation of the economy
Don't worry, cause the US still has the dollar printing machines working! 😂😂😂
Russian says you have paper money.I have goods. I don't sell you goods. Your money is useless
@ngheanchoong it's too bad cause the world still worships the US dollar! Hahaha 😆 😂 😅
@@peterlim3189 . "The fool says in his heart, "There is no God."
Comments here about US and Europe investing in global south countries to improve copper supplies will not work. Today’s era is unlike the past. Social media is available with large sections of the world population. Nobody likes the arrogance of the US or Western European nations. It will be difficult to build relationships in these times.
"our" only option will be to "request access" to the Global coalition (BRICS/ BRi) and be subject to VERY strict conditions, most likely a "request" for greatly reduced military strength which "some" (guess who) will declare to be "unacceptable"....
But sometimes you just have to be pragmatic.....
Oh....wait....D.T?....pragmatic? Hmmmm.... PROBLEM!
The sad part is that a lot of global south countries tried to work with us for mutual benefit after their independence from great Western powers. Instead of partnering up we kept lecturing them and abusing them. Why in the world would you go back to home where you're a victim of domestic violence? I wouldn't want to return especially not if somebody else is out there treating me better.
This is what happens when your politicians are mostly engineers, which is China, compared to a country where the politicians are mostly lawyers, which is the US.
Chinese students study STEM while US student study about how many types of genders..
Not only that, you need to have a stable government where you dont cancel the plans every 4 years because of change of leading party. And finally, looking further than next quarters profits which works against our short term focussed stock market driven economy.
This is best comment.
I would say ut very differently. China is controlled by engineers while US is controlled by bankers. American politicians are bankers's frontmen.
@henkjan673 as the old saying goes @henkjan673 you just slabbered a bib full in other words that's a great comment.
US government has the insane idea that dragging China down to the detriment of world technological advancement is somehow beneficial...🤣
I think the Oligarchs running the US just want to own everything -- I don't know if they could care less about anything else
Sayang tidak di akui PBB 😭@@GarbageTimeintheVirusFactory
@@GarbageTimeintheVirusFactory It was never an independant country. Look at a history book.
@GarbageTimeintheVirusFactory Not according US state department .
tell US, UK, Russia, France... what you found@@GarbageTimeintheVirusFactory
"China has already done the hard part." This is a recurring theme. So many industries hollowed out and no action taken to rebuild them in the West, just talk.
The west has all the money…they should pour funds into India’s startup manufacturers. Problem solved.
to rebuild you need the knowhow in order to be competitive...
@marczhu7473 it's not about being competitive.
It's about what have I to gain? Oligarchs have nothing to gain by building any industries here they already made their money by moving industry and jobs to China. Nothing could beat the Chinese market when it comes to labor. The problem is that the Oligarchs are now not making all the money but the Chinese are taking a slice of the pie. And now china is "problem" the Oligarchs already sold out the working class and now we have to make the Chinese the enemies? I say F that. Let china freely sell their goods here in the west with no tarrifs. So we the working class can benefit from their low prices.
@NIO4LIFE The thing is some us oligarch win with china trade having stocks in joint venture. The rest is mad because they don't or have lockheed stocks.
American can't even build California high speed rail on time on budget.....
It's being built by the Spaniards...
But they can't get contractors to deliver.
The US is run by a corrupted institution call the Law-making politicians. Corruption is seriously rampant, but it is not discoverable because the whole system is already implemented for corruption because it is deeem legal by Law which simply named it as interests groups. Such interests group are designed by the oligarchs, i.e. the king-makers.
$85 bln ?? Nah not gonna happen !! the US would rather gift it to NATO, Ukraine, Israel, Taiwan, SK before spendin on anything self beneficial.
Gift? You sure are Born yesterday. Nothing is Free. Use your brain once in a while.
@@yndiiatecow2536doesn't matter, cus money was not spent on where it should
😂😂😂😂😂 🤞
There is no free lunch, period. US forced EU to buy NGL at higher price.
史密斯专员会将849亿美元拿走
3:10 because when a society doesn’t value engineers, they have a very simplistic understanding of supply chains. manager types take engineers for granted. they think if you dig up the raw materials, the refining and manufacturing part magically happens somehow. china doesn’t seem to take engineers for granted but in fact respects them like how victorian britain respected theirs.
The US doesn't respect teachers either, especially math and science.
Engineers should out earn everyone in a company.
The main virtue in the US is to be immensely rich. STEM grads don't become immensely rich by building things, The way to become immensely rich is to extract wealth from the system and not get axed, not to create wealth.
@@ryuuguu01duh! otherwise where will investments come from. a smart engineer would be smart investor as well. if not, it would be a mediocre one.
Where's the money? Well, the US spent at least twice as much on Ukraine with plenty of spare change.
The one in Afghantian is even more, a cool couple trillions!
Money that they didn't have.
Hence why the national debt is so high.
the US doesn't have any money.. all that billions and trillions are imaginary printed toilet paper.. the US live on a fantasise GDP.. that feeds the most complex Ponzi scheme the world have ever seen.. good news is its coming to an end.. be prepare..
As long as they believe they are defending democracy and championing human right, money is no issue, though they conveniently forgot that they engineered and conducted a very undemocratic coup in Ukraine, regime-changing the democratically elected president, before the world class comedian was brought in, who presided over the missile attack at the building in Kazan in exactly the same style as that of the 9/11 incident in New York in 2001(?).
I can’t help but love his off beat humor in his comments about the US. I am so glad I found his channel. I have learned so much and it sparks my intellect in this later part of my life.
3:30 Absolutely spot on. China is doing all the copper value-add, and is the major benificiary. Sorry to US industry, but your opportunity was missed.
How this chanel not viral. Bro you speak truth and vision on economics like no other I've seen. Respect 🙏
The attention span of the average American is 15 seconds
You seem to not know what kind of stuff goes "viral". Ask your 12 year old sister, she knows.
I live in southwest Montana about 40 miles from a town where a copper mine has been trying for a decade to get started. Great copper deposits, but government regulations and lawsuits. There's already copper refining in Butte Mt but the "system" is constantly working against the development of the mine. Americans don't want to succeed, they want to whine and cry about things they could change if they wanted to.
The problem is that it requires large investments and time to build. That lowers returns during the interim. It’s easier to profit from the lack of investment and shortages.
No, the problem is when you get a bunch of serial cheating, greedy, corrupt narcissists together, all they do is argue and compete with each other instead of collaborating.
Americans are slaves to big capital, they won’t do anything if not for profit.
Too many lawyers in America not enough engineers.
@ Most of those engineers are retiring over the next decade.
Thank you, this channel is so underrated !
Desperate moves to stop Chinese advancing.
Desperado,, yep at least they trying to slow down the juggernaut!
@asleytamkei7507 They will fall. Chinese are smart and they are working hard. From 52 technologies important for the world,36 are invented and controlled by China. You can't stop such a country from advancing. And because of the western sanctions on russia,Chinese will be able to produce even cheaper.They have now unlimited access to cheap russian energy,and that's a huge mistake from western side,huge mistake. It looks like they want China to surpass them,they are doing everything to make this possible.
We are inspired by Tonya Harding. Soon the outcome will be the same as Tonya's. Why?
ps. Galatians 6: 7, 8.
Two fundamental questions:
(1) how China secured nearly all supply chains for critical materials when we were sleeping?
(2) Why China was so motivated like 20 years ago to go such extraordinary efforts not only secure the sources of materials but also push the prices (not just costs) lower (they could have just make more profits)?
They must have seen what we don't see, even now.
Its not about seeing whatg they see that we dont. Rather, its more of the fact that China simply doesn't want to be humiliated and be caught with their pants down again like they did in 1842. The biggest mistake Europe has ever done was drilling this fact in the Chinese psyche throughout the years.
And besides, China is just returning to its place in the world, and that is at the top and center of the world.
There's an analogy.
2006.
A company (CEO) published a document starting with "Between you and me" and ending with "don't tell anyone".
Well.... The industry concerned thought the "You" was "someone else".... And they "didn't tell anyone".
.
The "Master Plan" was *Remarkably* similar to the Chinese method, was received with the same dismissive attitude and eventually had similar disastrous effect on the Luddites when successful, despite the huge, concerted campaign to derail it.
(I'm sure you can fill in the blanks).
Time will tell if the instigators of BOTH (related) disruptions were/ are honourable.
I suspect the deserve they benefit of the doubt.
Respect for your program! Concise, concrete facts of the present situation. Thanx!
You are fantastic indeed. Since subscribing, I never regret it. You are a blessing to us being constantly propagandized
the problem with US is just where is the market for US after processing it, US doesn't have the manufacturing base any more and what market to sell it to anyway?
Build what? Problem with US is in the past, they rather used force labour and print money to pay. That is how trade deficits come from. Produce less buy more. Not need to work hard. Just outsource to the fools who work while like Hare, US was laughing and became arrogant.
And Silver, Platinum and Palladium as well 🤓
Seems my country is Exceptional at Faling, thanks Kevin
China is a leading manufacturing country, so they use a lot of copper. The highest demand for copper is in China, and producing copper in the US is more expensive. Therefore, where would the US sell this expensive copper to? Very few countries would buy their expensive copper, and there is very little demand for it in the US. Thus, it is meaningless.
America worry about starting a fire when China already has not just a burning fire already, but a forest, rail, locomotive, and a city or two for the goods on the train ready…
Maybe for personal use
@@agusedyanto3324 . The oligarchs will create the demand by inciting wars for the military will buy copper products at higher costs due to their philosphy that in the name of national security, market logic is not relevant. 😁
Mind boggling.
I am officially boggled.
high-school diplomacy for high-school minds. just keep voting yourself into the back of the bus, America.
Bus Amerika telah di ganti BYD 😅🤪
That was funny!
if it takes $85BN to mine copper in USA then consider a lesson from farmers who tried to grow coconuts in the arctic but needed $50BN investment: think about importing from where its more economic.
this is the stark difference between a country built on colonialism and another country built on hard working.
85 billion is not a big deal. The US has already sent more than 200 billion to Ukraine
Lots of copper being used over there
Think of it in terms of
"1 month interest on the National Debt".....
@@rogerstarkey5390 the "debt" is not a big deal too. The US just need to print the money to pay back while waiting for companies to come back to US. Once they are back, they will pay enough of taxes to fill the US's vault 😄
@@karimroufaou3579
"Printed money" is essentially "printed PAPER".
It's a promisory note only as good as the reputation of the individual or country which issues it.
Did I say "reputation"?
No amount of money could bring new copper mining capacity online in the United States
TBH $85B is peanuts for the US treasury. But this isn’t the problem. The money isn’t the issue. The math just doesn’t make sense. It’s a losing venture if doing this outside of China.
Us is going to develop heavy industry while China is working on advancing high tech 😂
Americans have sent all their monies to Ukraine; there is nothing remaining but debt to rehabilitate their economy, rehabilitate their dilapidated infrastructure and to look after the poor and homeless people.
The U S politicians are rather to spend money on wars around the world than anything else.
NIce to see China showing the world that there is another way of doing business. After centuries of European then American calling the shots , it is about time ....
*Happy new year 🎊 You work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires*
wow this awesome 👏 I'm 47 and have been looking for ways to be successful, please how??
It's Esther A Berg doing, she's changed my life.
I do know Ms Esther A Berg ., I also have even become successful....
After I raised up to 325k trading with her I bought a new House and a car here in the states 🇺🇸🇺🇸 also paid for my son's surgery (Oscar). Glory to God.shalom.
Good day all👍🏻 from Australia 🇦🇺. I have read a lot of posts that people are very happy with the financial guidance she is giving them ! What way can I get to her exactly ?
Investment into the mining industry is low because the companies are incentivized to act like scams.
Very good video watching from Singapore
Key dates -- you draw the conclusion. China's economic rise began in 1978, 47 years ago, and they became an economic powerhouse. The US made noises about developing a copper industry a decade ago and nothing has happened.
Haha. "If we have any factories." It sums up the problem. Americans don't want to put their money into real production, because it's too much work.
Blue-collar jobs are more respected in China. These workers are often called, "Sifu", masters.
A lot of young Chinese still prefer white-collar jobs a little more, but they don't disrespect blue-collar workers for they provide irreplaceable value in society.
Americans devalue blue-collar jobs, young people would rather be influencers or drop shippers.
The $85 billion is just the initial investment, the cost of labor, training, relocation, changing culture... the real cost can be a lot more if they can even fulfill these jobs in one generation.
If the US and China can cooperate, the two and even the whole World, will be better off. But, the elites everywhere do not worry about those who are suffering, so long as their own families and loved ones are doing well, which is the 1% are living on the blood, sweat, and tears of the "Rest-of-World".
You have a great Chanel Kevin 👏👍🇦🇺
Channel. (mobile's automatic fill-in is not always working properly.)
Thanks for your honesty reporting.
15 years ago a tech CEO friend spent a a year in the jungles of Tonga with a the Peace Corp. He said they were everywhere in the most remote areas doing BUSINESS with the Tongans.......... On one side of a mountain in Afghanistan was engaged in battle. On the other side China was/is mining rare earth minerals.
Only $85 billion? America can print that much in 3 days. Oh, and send another 50 billion to Ukraine as well.
there is a huge new Russian copper deposit is being developed in the Arctic - in Chukotka. they have had a floating nuclear powerplant there for 5 years at Pevek .... West couldn't do anything like that.
And yes usually wherever you find copper you also find gold ..... very lucrative operation
no prizes for guessing where most of the copper concentrate will go .....
I want my prize sir 😢😢😢
Action speaks louder than words! 😀
What Western company is going to sink $85 BILLION in upfront capital expense over several years to compete with Chinese copper that is already world-leading in efficiency. When the mines come on line, the global production is that much larger, and the cost goes that much lower due to basic economic forces. The only way Western mines and refining work is with national price support, tariffs, and import bans that leave them extremely small market share like Jones Act and Defense ship production.
Congratulations for the excellent report!
As global and domestic demand for copper continues to rise, driven by the expanding market share of Chinese products that rely heavily on copper-such as EVs, home appliances, and the emerging low-altitude economy etc-its copper industry is becoming increasingly competitive. Decoupling will be extremely challenging, if not impossible.
The money spent 160 billion in the Ukraine war could build high-speed rail between LA to SF and Dallas to Houston, so be it.
Benefiting its own citizens means no gain for industrial military complex
"If we had any factories". No but we've got lawyers... and lawyers! :D
yeahbut we also got STAWKS and NFT tokeans each worth milions!! Who the heck needs factories or copper?
Yep. We've become a factory of inane lawsuits and insane legislation thanks to said legal "industry". The damage that does to our ability to get ANYTHING productive done in this country anymore is incalculable.
Good on China for all our electrical products! Zero to ONE by Peter Thiel
Ever wonder how China has no hyper inflation? This is it
😂
They had pretty bad inflation in 1990/1. In the last 5 years, it's adtually deflation. Mostly due to the collapse of the property market. It's being closely monitored as the gov wants to see inflation and not deflation
I subscribe to podcasts that take the opposite view of Kevin, like Peter Zeihan. Kevin’s information just continually demolishes the likes of Zeihan.
Zeihan is a poorly informed idiot.
Zeihan starts with his conclusions ... which are ideological .... he then hunts around to find "facts" which will justify his conclusions.
I watch him occasionally but other than learning about his prejudices -- I don't learn much. 🙂
As long as Canada follows the rules set by USA , Canada has become a third world country like Venezuela. We have to lower our standards to fit the USA standard of making steel , copper , and all other metals and alloys , because USA wants everyone to produce it at a their cost . Canada use to be tops in finding minerals and making mines , but our news media is telling us that China have taken over most of the mining in South America .
geeeeee.. the farangs still have their heads in the sand ⏳ sad
$85 billion is insane..
The first step is the battle of environmental lawsuits that will take decades.
😱😱😱😂😂😂❤️❤️❤️WOW GOD BLESS CHINA
China has 1.42 billions strong, hardworking & innovative people.
Certainly they control most of global supplies of all sorts of raw materials or commodities, their processings, usages for manufacturing goods for the domestic & export markets.
Because of very large scale production, Chinese goods are cost effective and competitive that most countries unable to match. 😅
The real population might be less than 1 billion.
@@glorgau then it's even more impressive?
Imagine china was doing all this with only 400 million people 😂
@@jayceh😂😂😂 ... BINGO !
@@glorgau brainwashed, try using your critical thinking and not take everything your media tells you as gospel. They ahve been caught lying to you again and again and yet you keep believing them.
@@jayceh没有劳动法
Good morning, Kevin. Happy New Year! Appreciate very much for your informative and insightful contents.
And I second that,from Wales UK
Everything from the US and the West wil be more expensive than those from China. American copper will be the same.
Thanks
Useful presentation
How do you research all of these within days? That is what I am baffled about.
And when you do your voice-over, it's always as if you have known the key talking points forever.
He has a team that does the reaserch plus kevin work his own normal just, helping big us companies in china. But he still does this for free, he don't put ads or tried to keep it under 10 min so that TH-cam dont put 2 ads in the video. No fillers no nonsense.
About time to seriously co-operate with China instead of fighting it?
Great business analysis, as a lay person I appreciate understanding economics stripped of political positioning. Thanks
China now makes over 70% of the world’s electric vehicles. It also is targeting to finish 9 million 5G base stations for ubiquitous 5G in all towns and cities.
It also has built out high voltage direct current lines (HVDC) throughout the country to transport electricity throughout the country without much loss in transmission, sending energy from huge solar and wind plants to manufacturing areas.
Lastly, it is set to implement flash smelting for steel production which will reduce its steel manufacturing costs by 1/3rd (China produces perhaps 8% of the world’s steel now).
In summary, China is on a huge roll to further dominate many complete supply chains, right from the mines to many of the finished products. It appears to be unstoppable.
China steel production is about 54% of the world's total output, not 8%.
It IS instoppable.
China's steel production is more than half of the world's production, so it is able to export it at competitive prices.
You didnt mention how much copper goes into transformers and electric motors (though you did mention EV's)
... Just pointing out it's not just the cars but any kind of motion needed for manufacturing, and the grid connections _for_ manufacturing.
Most of the west simply are too blind (or naive) to see that lower cost is better for all consumers ... regardless of ethnicity. When governments impose tariffs under the guise of protecting local enterprises, it never works. Instead leaders should work with each other on their strengths and build commonly needed infrastructure. It was not a mistake for the west to outsource their industries to cheaper countries. It is a mistake for them to assume that after outsourcing they can continue to suppress those foreign economies
2025 we will have more new and thank you for your work
Wow, i was thinking about copper today🧐,as an example of resource price control and inflation, and why do we have more csbles now then twenty years ago.. Serendipity 😱
9:25 closes with a bang! 👏👏👏👏👏
US has corporations and lobbies (favours to pay), China goes for efficiency and productivity. Capital at the service of China not the other way around. Efficiency and productivity above all.
Western can´t match that with the corporations ruling.
Good video ✔️✔️✔️⌛️
I learn a lot every time I listen to a new one of your videos, Kevin. Superb research.
Another excellent video! What are these bubbles behind you?
Great overview of an extremely important aspect of global industry. The US is paying the price for focusing on profits rather than common sense and long term planning.
Thanks for the info
oh its not about the money
its about are they ACTUALLY gonna build it
The the fantasy batteries plants that were going to be built in Canada…. and it’s gone 🪽 $ 💨
@@stevendefehr4393 yep it seems any project like this only lots of buzz but never happend
Kevin: Agreed; Supply chain costs and availability is critical for a company to be competitive. There is another critical category of costs that impact a company’s ability to compete where China is world leading efficient … infrastructure driven costs including electricity, transportation, litigation & settlements, and more. I would like your insight on China’s infrastructure efficiencies and their impact on industrial competitiveness.
Talk is cheap - almost as cheap as printing US dollars
Awesome report thanks Kevin
When you have competent leaders who knows both how to stimulate AND regulate the markets and industries. The US and Europe could learn a thing or two, but they're too heavily lobbied to be able to get out of this mess.
The US will print up those 85 billion dollars and give it as a 0% interest loan to a large US mining company.
$85B! So what!... No problems...if US can spend to date at least $100B and counting to advance a war in a faraway land but not knowing when and what the return would be, surely spend $85B to challenge China copper industry would be well spent. 😮😮😮😮
Where to get skills workers
The $100 billion spend is almost pure immediate skim. $85 billion would be a long term speculative investment. Which would you do?