What happens to markets when globalization ends? Sign up for an IRA with iTrust today using this link: itrust.capital/David Subscribe to my free newsletter: davidlinreport.substack.com/ FOLLOW PATRICK BOYLE: TH-cam: www.youtube.com/@@PBoyle X (@PatrickEBoyle): x.com/PatrickEBoyle LinkedIn: www.linkedin.com/in/patrickboyle/
The leader in sustainability is Walmart it's a joke What is inflation monopolies inability to kill every last small and medium business you are euphemism for recapturing market share Come to $lazr luminar technologies Let's decentralize and democratize Fintech Into our pockets this time
@@Steve-pq7cb I think the understanding is that China reinvests so much and is taking on so much debt that such growth is expected. If it’s growing debt and investing and not growing at this rate, then it’s a terrible enterprise and prone to disaster. Other economies aren’t investing as much as China is, so they expect less growth.
@@CountJeffula 88% debt to GPT ratio isn't too bad? They have issued but I also don't see how it is already close to collapse. Looking at the Europa countries seems a lot worse. China is able to have enough cheap energy. Europe countries have to compete while having higher cost than everyone else.
@@Utoko I’m not saying I know the answer, but to a lot of economists, Europe’s role in the global economy will grow less and less relevant. Like China, lots of European nations face demographic crises growing worse by the day as well. Europe doesn’t really do anything in tech or manufacturing that produces trillion dollar companies like Nvidia or TSMC. They desired to be the designers and engineers for a while, but everyone knows that eventually the producers get good at producing and channel their profits into vertical integration. It’s like bad money replacing good. The cheap knock off company today almost always dominates tomorrow, especially in tech. Look at the TV industry or semiconductors. Europe’s, and Germany in particular’s, abandonment of nuclear energy will likely be remembered as one of the worst cases of attempted economic and cultural suicide in history. Nobody services their way to national success. After talking with numerous people here, it seems like a lot of Europeans are incredibly stubborn with the goods they actually do produce. Their wine and cheese has to be produced ever so exactly and within certain regions which will become increasingly difficult to do as climate shifts and temp and rainfall seasonality changes. It seems like they don’t value economies of scale or vertical integration the way non-European countries do. There are numerous chefs saying, we use the wood ladle because we always use the wood ladle and have for 500 years. Okay. Is there any evidence the wood ladle actually makes the product taste better, different, more authentic, etc? Or is this just a marketing gimmick? It’s similar with Italian glass. Who wants lumpy bumpy tiles when you can get perfectly rectified and flat ones that are mass produced? Hand made isn’t always better. I would not want my CPU to be hand made.
Love his sense humor & practical observations. Because age & circumstances put me past my time of actively following financial trends I find that his show helps stretch my awareness a bit while enjoying the program. Being a car guy I hope he'll show us his garage someday . Or not. 😅.
I was in one of his classes during my masters year and he was a standout teacher - always good to see him succeeding, I didn’t even realise he had started uploading content other that the old basic J. hull summaries.
I appreciate Patrick's broad knowledge, plus balanced analysis, and David's inquisitive mind. Good conversation. BTW, please take it easy with R Wolff, a great mind but not balanced.
I think Patrick Boyle's personality, in addition to the quality of his content, is the basis of his success. His sense of humor in particular is excellent. You can't really teach that.
Patrick has exceptionally such good educational programs that I happily support him financially in a relatively small amount each month. He is wonderful !! RS. Canada
Hey David! Thanks for bringing Patrick on. I've been following his content for a while because he presents a "different" take from most that's excellent.
Comedy! That's one of the major factors that makes Patrick's channel awesome. Can't think of any other presenter of economics that managed to make it funny!
I was also thinking that... poor Patrick, I assume he was strugling to not say anything, but sometimes you are invited to something and you just assume it is serious
Given the current economic difficulties that the country is experiencing in 2023, how can we enhance our earnings during this period of adjustment? I cannot let my $680k savings vanish after putting in so much effort to accumulate them.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $$275k to $850K...
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation.
China collapsing sounds familiar ever since it's economy started rapid growth. What I can see is the economic collapsing in the following order: UK, EU (France and Germany specifically), Canada, USA, Japan, South Korea, ...
The CCP mismanagement of the Chinese Economy is fatal. The Chinese Economy has been collapsing since 2020. Its just been covered up by the CCP. China is impoverished and has a literally crumbling infrastructure.
@@matthewmccarthy2406no ideas of what you are talking about. Chinese infrastructure crumbling? Have you been to China in the last ten years as comparison to US, UK and other 5 economies like Canada , Australia, India, Japan and South Korea, China infrastructure is far superior in rail, air travel, public transport and roads and its more than 15-20 years ahead of above mentioned nations. If you have not been to a country, your comment is worthless.
@@matthewmccarthy2406Chinese economy from 1980,s ranking 104th to today number2 by CCCP, all of sudden it collapses by the same government? That is your imagination.
Hi David, Congratulations on your own program. Great idea interviewing Patrick Boyle. Big score getting him on your program. I’ve never seen him give an interview before now. So I tip my hat to you here! My next request is for you to get Peter Ziehan on. And for a real show stopper get them to come on together with you. I would love to see this dynamic of you 3 together. Good luck here, Pete
India. India is next for global manufacturing. I work for a decent sized industrial pump company in the US, we’re owned by an even bigger pump company that owns several other pump company’s. All the branches have used China as a 90% primary parts source for a little over a decade now. Parent companies goal is to shift everything we current get from China over to Indian suppliers. On average right now, India is 15-20% cheaper for castings and machined parts. The shipping times are shorter, the shipping prices are lower, and for us the parts land on the east coast rather than the west coast which cuts out a week of transit and several weeks of port time since LA is always so far behind.
If you know Indian culture,and it's work ethics,you will a fool to set up business there.2000 multinationals has left India up to date,that should be a clue5:03
Anyone who thinks China economy is collapsing doesn't understand that China infrastructure is way more advanced than any other country. Plus the commodities, the mass manufacturing the volume of people.. What we in the West will certainly notice is hyper inflation if China stops supplying the western customer..
The theory is that the infrastructure is a bit of a white elephant. Shiny and nice now, but will become an unmanageable and growing burden well into the future. It’s like, “if you build it they will come,” but the growth to justify the infrastructure buildout never really materializes, so you have insolvency on day one that never gets better.
@@MrDnongbecause it wasn’t profitable on day one and costs usually always increase, so maintenance expense increases over time. You can delay maintenance, but it catches up with you eventually. Look at the condo that collapsed in Florida.
@@CountJeffula infrastructures in China are managed by government departments regularly, not by private sectors. So the maintenance is not driven by profit but necessity.
@@MrDnong okay, so, insolvency is acceptable? That will result in continual debasement of the currency as money needs to be printed. Just because it’s a government doesn’t mean it can be fiscally unsound forever. In your example, the infrastructure would have to produce enough additional revenue to tax and remain solvent. Why does it matter if it’s private or public?
It's sad how difficult things have become in the present generation. I was wondering how to utilise some money I had. I used some of it for e-commerce business, but that sank. I'm thinking of how to use what's left to invest, but I don't really know which way to go.
It's a good idea to seek advice at the moment, unless you're an expert yourself. As someone who runs a service business and sells products on eBay, I can tell you that the economy is struggling and many people are struggling financially.
Such market uncertainties are the reason I don’t base my market judgements and decisions on rumours and here-says, got the best of me 2020 and had me holding worthless position in the market, I had to revamp my entire portfolio through the aid of an advisor, before I started seeing any significant results happens in my portfolio, been using the same advisor and I’ve scaled up $450k within 2 years, whether a bullish or down market, both makes for good profit, it all depends on where you’re looking.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
All l've been hearing over the past six months are negative - market crash, multinational corps are pulling out, foreign direct investments shrunk, unemployment is rising, etc... Tourism is rotting. Shops are closing. It's been reported that the real estate market accounts for roughly 30% of the economy and it's crashing to a virtual halt. So how does the Chinese GDP still grow at 5%? Can someone please explain that to me?
😂 because it's not true and widely exaggerated the US economy is rotten to the core but there are being portrayed as healthy but china that's growing,5% is stagnant if so why Janet Yellen going to ask china to borrow money 😂.. remember USA pas a 1.6 billion propoganda bill on china
It's a very, very simple answer. They're lying. You see, the political fortunes of local and provincial party leaders have been based on economic growth. The higher the number, the more likely you are to get promoted up the party ladder from some nasty post in Yunnan to somewhere comfier on the coast. As well, people who don't meet growth targets at best have their careers frozen. At worst... demotion. Even back in '08, Chinese leader Hu Jintao basically said "We don't really know what the real numbers are for the economy" because there was so much manipulation. The legitimacy of the CCP is based on economic performance. As long as the economy improves, no one really minds. When the economy slumps, people are less tolerant of the more unsavory features of the CCP: endemic corruption, arbitrariness, blunt authoritarianism, etc. Social stability, the one thing Bejing really cares about, is at risk.
It’s been happening. It is happening. But since China isn’t a free market economy, it’s showing up as a decrease in the standard of living of the Chinese people rather than all at once in the stock market.
Ignore the language like collapse. Long term stagnation seems more likely. Japan style. Though China has not gone up the value add as much as Japan had so will be interesting to see how they try to manage this.
Great interview David. thanks. I believe trying to analyze or understand the markets is not possible as traders decisions are mostly ‘ emotional’ . But understanding the overall world economics and trends is very helpful for long term investors success . This gentlemen is very interesting . please have him more often .
Some economists have projected that both the U.S. and parts of Europe could slip into a recession for a portion of 2024. A global recession, defined as a contraction in annual global per capita income, is more rare because China and emerging markets often grow faster than more developed economies. Essentially the world economy is considered to be in recession if economic growth falls behind population growth.
In light of the ongoing global economic crisis, it is crucial for everyone to prioritize investing in diverse sources of income that are not reliant on the government. This includes exploring opportunities in stocks, gold, silver, and digital currencies. Despite the challenging economic situation, it remains a favorable time to consider these investments. Nevertheless, seeking guidance from an investment planner might be necessary if you desire a more assertive return.
Investing in gold is a reliable choice, and I plan to keep buying more to make up for my losses. While silver is also a good investment, my collectibles are not as similar. It's important to have clear investment goals and educate yourself on the type of investment that interests you. I work with a financial consultant regulated by the SEC, and started small, but eventually accumulated over $800,000.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Jessica Lee Horst’’ for about two years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
I love that so many experts from countries whose economies have been stagnant for decades can see all the "problems" with a country that is in the midst of an economic miracle. I have a lot more confidence in China's economy than I do in the economic prospects of Britain, Germany and the rest of the G7 in the decades ahead.
Totally agree with you. Definitely the China story is still very much alive with far more to come. Per capita GDP of ~14K is still far below that of the developed world.
Our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy >>and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.
People believe their currency has the worth it does because they have no other option. Even in a hyper inflationary environment, individuals must continue to use their hyper-inflationary currency since they likely have minimal access to other currencies or gold/silver coins.
Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.
Zachery M Demers is the licensed FA I work with, I can't speak much about him you should make a search with his name, you'd find the necessary details to schedule an appointment.>
The Chinese economy can actually get better if only the govt can start making better decisions for the sake of it's citizens, cos' they've really made life more difficult for its residents.inflation has left the less haves bearing the brunt of the burden. Its already eating into my retirement portfolio. Like where else can we invest our money with less risks?
Navigating market volatility can be challenging, it might be beneficial consulting with an advisor to provide personalized insights based on your specific situation and financial position
No doubt, getting proper financial advice is invaluable, my portfolio is well-matched for every season of the market and just yielded a much better % from early last year. I and my advisor are working on a 7 figure ballpark goal, though this could take another year.
I've experimented with a few over the past years, but I've stuck with the popularly ‘’Stacy Lynn Staples” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
I am not a fan of China, but this is all so hyperbolic. So, according to them China is collapsing, but at the same time is the world's largest manufacturing, the largest global importer of raw materials, the largest car manufacturer (and growing so much it threatens other markets), the holder monopoly of electric battery manufacturing, still the biggest electronics manufacturing center, the biggest green energy market in the world... Why is that then? How can a country be collapsing and achieving so many goals at the same time? Obviously there is a fast slowdown to the Chinese economy, they are not really sustainable in economic terms, their real estate has objectively collapsed and their banks are a joke, but what about everything else going right for them?
Actually this video is not really hitting the point. Look up Richard Koo and his interviews of balance sheet recession. Essentially he is saying China is heading the same way as Japan. China's technically bankrupt because of the excess liabilities accumulated with the overvaluation of the stock market and residential housing market. Obviously these two markets have crashed leaving the people highly leveraged and paying down debt. However, this doesn't mean it's not making money. Cashflow remains positive but more resources will be used to pay down debt instead of people and companies borrowing money to invest in capital growth. Only way out is for government to carry out some fiscal stimulus to inject money back into the market that have accumulated in the banks from the higher savings and debt repayments. Personally speaking, China hasn't actually finished yet with its industrialisation policy. This is just part of structural adjustment the economy needs to undergo to reach full industrialisation for the remaining 2/300 million people. What also people actually fail to see is that actually a lot of those China EV companies are Tech companies. Majorly into robotics. Check out some videos of people visiting China EV car plants. The reason why EVs are cheap isn't predominately the low cost of labour. It's the replacement of labour. Capital won out. Those factories only need like 500 to 600 people to run and can churn out as many cars as you want, but other factories might be employing in the 1000's to 10,000 to produce the same output. Technology and capital won in China, labour is losing.. which will eventually cause issues for the government with mass unemployment (actually already happening).
@@DamienKSC Boyle does hit the point; he clearly states the situation in China is analogous to Japan in the later 1980s, so he even specified a date within a few years for that period. He also stated that China is trying to export its way out of this and the problem was the directives of Xi who is essentially political in orientation and doesn't see himself as having the role of overseer, as an economic responsibility. If you want more detail on this see China Outlook with Tony, who is living in China and is an economist and speaks fluent Mandarin. He is pro China in focus but also clear about the nature of developments currently. Boyle did not go into more detail on this because the interview was far more wide ranging than that. For some reason you filtered Boyle's substance out of the picture and seem to want to damage his credibility..
@@deborahcurtis1385 I don 't buy the balance sheet narrative. The U.S. consumers are full of debt, and the only reason they can spend beyond their means is because of excess saving around the world, namely China. Even if Chinese concomers are paying down their debt, they still have a lot of savings, and they can deploy that savings to grow the economy.
@@phillip76 China is not what it was. Also the capacity of the US to borrow is ultimately a question of their ability to repay, and confidence in the USD. The situation in China is imploding, the Chinese have lost confidence in the economy and that's a crucial factor; they can't be forced to spend. Geographically the US has vast tracts of fertile soil and is able to feed its own people it's China which is vulnerable right now.
@@deborahcurtis1385 No it is not. U.S. consumer ability to pay is based on lower interest rates, or cheap money supported by global investors, China, and very bad moral values that value spending over savings, and investments. U.S. economy is supported by the U.S. dollar, which in turn supported by U.S Empire. This is not ok, morally, and not sustainable. China is still growing at around 5%. If you are talking about food production. Well, China is self-sufficent in many agriculture products. China in also connected to global markets in trade. So, that is not a problem. It seems to me Americans can no longer afford to live in America. That is the big problem, and overtime, this is going to get worst with automation, and price inflation. The biggest problem for Americans in America, and China cannot help at this point. Americans are at a vulnerable position. That fact that your hatred to hurt China makes you morally rotten. I assume there are more people like you. Morally rotten folks don 't produce values. rotten folks like your self cannibalist your own. Best of luck.
In my opinion, the problem with the usual application of Ricardo's comparative advantage is it leaves out the implication of environmental and labor laws. As I've said for over forty years is the United States has been exporting pollution and importing poverty.
I'm in Michigan, and the housing market here over the past 7-8 years has been unprecedented. Houses that were purchased for $130K in 2015 are now going for $590K. These are tiny, poorly constructed 950-square-foot homes in quiet, mediocre neighborhoods. Meanwhile, nicer, average-sized homes in better neighborhoods that were over $300K a decade ago are now selling for $750K+. It's wild.
Most people find it difficult to handle a fall since they are used to bull markets, but if you know where to look and how to maneuver, you can make a size-able profit. Depending on how you intend to enter and exit, yes.
The enduring US stock market bull run evokes a mix of fear and excitement, presenting opportunities with insight, resulting in $780k gains in the past ten months, utilizing a portfolio advisor for a well-defined strategy.
My portfolio has been in the gutter for the entire year, so I started researching new ways to profit in the market, but everything I tried just seemed to miss the mark. Please let us know the name of your financial advisor.
It’s hard to believe any of these people when they never mention the false data being given also the trouble with middle and low income debt piling up people with no money all they do is talk about data. I guess that’s OK when you have a nice big income and a living a nice lifestyle, so Mr. Lynn needs to bring that up to his people that come on his show
its the two prev years of hiring freezes and we have had alot of layoffs whats this guy smoking that the usa econ is ok? consumer spending tells the tale. get out of your ivory tower.
Consumer spending in the U.S. actually doing just fine, as the data last week. That said everything not all roses in the U.S. Things are definitely slowing. But we’re going to ride out global downturn much, much better than rest of world. Our challenges aren’t nearly as bad as the things China is facing. China is totally screwed.
Patrick is a worthless PoS who works for financial institutions. He's never produced anything of value into the economy. He's gotten rich scamming people and screwing people over for his own profit. He will not get out of his Ivory Tower
@@MaxnPow China produces things, we don't. I think you're confused about who's screwed when the trade between us stops. Go through your house and look at the 'made in' labels on the things you own and then tell me China is screwed again lol
I was in China recently and people are going about their lives normally and tourism is booming. People are not screwed over there. If you ask first home buyers in China, many are happy that they can finally afford a home not too far from the city centre. Owners of multiple properties aren't too happy but they seemed to have accepted that house prices cannot go up exponentially forever.
If Patrick is basing his theory on the Chinese slowdown due to students not coming to the US/UK for their education, he is wrong. Chinese students no longer need to leave China for a top-notch university education. They have plenty of high powered institutions to attend right in China. In fact, China probably has two or three of the best universities on the planet.
Yes, you're correct that there is less desire for a US/UK/Can/Aus education. The costs are ridiculously high and I don't think parents see the rewards to be as great as in the past. Also, Chinese universities have improved greatly over the past 20 or so years.
Thanks for sharing! I'm a bit surprised that Patrick did not describe the US economy as late stage, but instead as doing fairly well. It seems abundantly clear that even if all published economic stats are as accurate as those in the past, US economic growth peaked in 2022 and has drastically slowed its rate of increase, if not gone negative. Just look at retail sales, manufacturing PMIs, new construction ground breaking, etc.
@@whydoncha "China is under serious pressure from a collapsing real estate sector, deflation, population decline, and very high youth unemployment" "Uh, why didn't you mention all of the US's problems?? US growth has PEAKED (dude trust me bro) so it's literally over for the US" We're in a world where EVERY economy is struggling, or under serious pressure. Some more worse than others.
In regarding to trade. people tend to ignore there is difference between "fair trade" and "free trade". US funding was based on "fair trade" principle. It's very difficult to do "fair trade" between partners with very different value systems, particularly when it comes to "rule of law".
@@donkeychan491 There’s no free media in China, so that’s impossible to know anyway. And they know everything would collapse if the truth goes out, that’s why TH-cam got banned 15 years ago
What happens to markets when globalization ends?
Sign up for an IRA with iTrust today using this link: itrust.capital/David
Subscribe to my free newsletter: davidlinreport.substack.com/
FOLLOW PATRICK BOYLE:
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Defi is a scam
The leader in sustainability is Walmart it's a joke
What is inflation monopolies inability to kill every last small and medium business you are euphemism for recapturing market share
Come to $lazr luminar technologies
Let's decentralize and democratize Fintech
Into our pockets this time
The Texas infomercials if it's ami or amply it doesn't matter following Lynn Davenport we're all Arthur Andersen employees now
only following for a year, you have been missing out, better late than never
lol, this podcast aged well... (after only 1 week it was 100% wrong). probably not even a record for these fearmongering bozo's.
Patrick Boyle has the best rap channel on youtube.
The. Best. !!!
11:38 #data. Always learning. Tremendous
Our boy Patty Boylz!
If 5% GDP growth is considered as collapsing, G7 economies are already in depression.
@@Steve-pq7cb I think the understanding is that China reinvests so much and is taking on so much debt that such growth is expected. If it’s growing debt and investing and not growing at this rate, then it’s a terrible enterprise and prone to disaster. Other economies aren’t investing as much as China is, so they expect less growth.
@@CountJeffula 88% debt to GPT ratio isn't too bad? They have issued but I also don't see how it is already close to collapse. Looking at the Europa countries seems a lot worse.
China is able to have enough cheap energy. Europe countries have to compete while having higher cost than everyone else.
@@Utoko I’m not saying I know the answer, but to a lot of economists, Europe’s role in the global economy will grow less and less relevant. Like China, lots of European nations face demographic crises growing worse by the day as well. Europe doesn’t really do anything in tech or manufacturing that produces trillion dollar companies like Nvidia or TSMC. They desired to be the designers and engineers for a while, but everyone knows that eventually the producers get good at producing and channel their profits into vertical integration. It’s like bad money replacing good. The cheap knock off company today almost always dominates tomorrow, especially in tech. Look at the TV industry or semiconductors. Europe’s, and Germany in particular’s, abandonment of nuclear energy will likely be remembered as one of the worst cases of attempted economic and cultural suicide in history. Nobody services their way to national success. After talking with numerous people here, it seems like a lot of Europeans are incredibly stubborn with the goods they actually do produce. Their wine and cheese has to be produced ever so exactly and within certain regions which will become increasingly difficult to do as climate shifts and temp and rainfall seasonality changes. It seems like they don’t value economies of scale or vertical integration the way non-European countries do. There are numerous chefs saying, we use the wood ladle because we always use the wood ladle and have for 500 years. Okay. Is there any evidence the wood ladle actually makes the product taste better, different, more authentic, etc? Or is this just a marketing gimmick? It’s similar with Italian glass. Who wants lumpy bumpy tiles when you can get perfectly rectified and flat ones that are mass produced? Hand made isn’t always better. I would not want my CPU to be hand made.
developing economies are different!!
It's probably not an accurate number.
I love Patrick's dry humor
Yup he's very funny, might be missed by some as he has such a straight manner whilst pointing out utter nonsense.
Ditto
I like his wet humor.
@@justicedemocrat9357his damp humour is actually the best.
Love his sense humor & practical observations. Because age & circumstances put me past my time of actively following financial trends I find that his show helps stretch my awareness a bit while enjoying the program.
Being a car guy I hope he'll show us his garage someday . Or not. 😅.
Mr Boyle’s TH-cam channel is among my favorites. Great to see him on another channel!
Definitely one of my top five crypto rap channels.
Absolutely!
Not used to seeing Patrick Boyle get interviewed, just used to watching his channel which i have also been subbed to for a year or 2. Great interview.
I was in one of his classes during my masters year and he was a standout teacher - always good to see him succeeding, I didn’t even realise he had started uploading content other that the old basic J. hull summaries.
I appreciate Patrick's broad knowledge, plus balanced analysis, and David's inquisitive mind. Good conversation. BTW, please take it easy with R Wolff, a great mind but not balanced.
I think Patrick Boyle's personality, in addition to the quality of his content, is the basis of his success. His sense of humor in particular is excellent. You can't really teach that.
Humor is a great communication tool. It helps people remember the point the speaker is making.
Patrick has exceptionally such good educational programs that I happily support him financially in a relatively small amount each month.
He is wonderful !!
RS. Canada
One of my favourite people who speaks wisdom! Thanks David for having him as a guest! Blessings.
lol, this podcast aged well... (after only 1 week it was 100% wrong). probably not even a record for these fearmongering bozo's.
Hey David! Thanks for bringing Patrick on. I've been following his content for a while because he presents a "different" take from most that's excellent.
Patrick's videos on John Law and Ponzi are epic. I love his channel. I wish we could have heard his views on gold.
He does great work on bad actors. His FTX critiques are awesome.
Comedy! That's one of the major factors that makes Patrick's channel awesome. Can't think of any other presenter of economics that managed to make it funny!
Great interview! Patrick is so popular because of his no-nonsense approach to important issues combined with his dry wit
I always feel like I'm in the know when I watch Patrick. You, too, David!
I could listen to him talk for hours and hours. Wish I could watch his courses online.
You lost me when you started talking about storing Bitcoin. I am here for a financial interview not for ponzi scheme shilling.
These so called financial experts are snakes. So their words cannot be taken seriously
I was also thinking that... poor Patrick, I assume he was strugling to not say anything, but sometimes you are invited to something and you just assume it is serious
Bad creator but great guest.
Never refuse to see the reality.
50 minutes of great interview but a speech about crypto “ oh you lost me “ cry me a river shitty pants
I love Patrick 's channel!
Given the current economic difficulties that the country is experiencing in 2023, how can we enhance our earnings during this period of adjustment? I cannot let my $680k savings vanish after putting in so much effort to accumulate them.
Well the bigger the risk, the bigger the reward and such impeccable decisions are better guided by professionals
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $$275k to $850K...
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation.
Her name is Annette Christine Conte can't divulge much. Most likely, the internet should have her basic info, you can research if you like
I merely Googled her name, and her website up right away. So far, it looks interesting. I sent her an email, and I hope she responds soon. Thanks
I love it when my favorite TH-camrs do a video together 🥰
Patrick is a legend
Thank you. Patrick Boyle is an interesting guy to interview and you did a nice job.
David it was podcast coup getting Patrick for this interview! Great Job!
China collapsing sounds familiar ever since it's economy started rapid growth. What I can see is the economic collapsing in the following order: UK, EU (France and Germany specifically), Canada, USA, Japan, South Korea, ...
The CCP mismanagement of the Chinese Economy is fatal. The Chinese Economy has been collapsing since 2020. Its just been covered up by the CCP. China is impoverished and has a literally crumbling infrastructure.
EU is fine... still number one for tourists also...
@@matthewmccarthy2406no ideas of what you are talking about. Chinese infrastructure crumbling? Have you been to China in the last ten years as comparison to US, UK and other 5 economies like Canada , Australia, India, Japan and South Korea, China infrastructure is far superior in rail, air travel, public transport and roads and its more than 15-20 years ahead of above mentioned nations. If you have not been to a country, your comment is worthless.
@@matthewmccarthy2406Chinese economy from 1980,s ranking 104th to today number2 by CCCP, all of sudden it collapses by the same government? That is your imagination.
Gordon Chang predicted "The Coming Collapse of China" in his well known book almost 25 years ago. We are still waiting?
patricks great. wicked sense of humor too!
Hi David,
Congratulations on your own program.
Great idea interviewing Patrick Boyle. Big score getting him on your program. I’ve never seen him give an interview before now. So I tip my hat to you here!
My next request is for you to get Peter Ziehan on.
And for a real show stopper get them to come on together with you. I would love to see this dynamic of you 3 together.
Good luck here,
Pete
India. India is next for global manufacturing.
I work for a decent sized industrial pump company in the US, we’re owned by an even bigger pump company that owns several other pump company’s. All the branches have used China as a 90% primary parts source for a little over a decade now. Parent companies goal is to shift everything we current get from China over to Indian suppliers.
On average right now, India is 15-20% cheaper for castings and machined parts. The shipping times are shorter, the shipping prices are lower, and for us the parts land on the east coast rather than the west coast which cuts out a week of transit and several weeks of port time since LA is always so far behind.
Yes, stop buying cheap junk from China, switch to buying cheap junk from India instead!
@@alvinseah5423😂😂😂😂too precise
@@alvinseah5423 then cycle repeats itself when India becomes our geopolitical adversary.
If you know Indian culture,and it's work ethics,you will a fool to set up business there.2000 multinationals has left India up to date,that should be a clue5:03
Many foreign companies left India after being ripped off.
Anyone who thinks China economy is collapsing doesn't understand that China infrastructure is way more advanced than any other country.
Plus the commodities, the mass manufacturing the volume of people..
What we in the West will certainly notice is hyper inflation if China stops supplying the western customer..
The theory is that the infrastructure is a bit of a white elephant. Shiny and nice now, but will become an unmanageable and growing burden well into the future. It’s like, “if you build it they will come,” but the growth to justify the infrastructure buildout never really materializes, so you have insolvency on day one that never gets better.
@@CountJeffulawhy would it must be unmanageable?
@@MrDnongbecause it wasn’t profitable on day one and costs usually always increase, so maintenance expense increases over time. You can delay maintenance, but it catches up with you eventually. Look at the condo that collapsed in Florida.
@@CountJeffula infrastructures in China are managed by government departments regularly, not by private sectors. So the maintenance is not driven by profit but necessity.
@@MrDnong okay, so, insolvency is acceptable? That will result in continual debasement of the currency as money needs to be printed. Just because it’s a government doesn’t mean it can be fiscally unsound forever. In your example, the infrastructure would have to produce enough additional revenue to tax and remain solvent. Why does it matter if it’s private or public?
I have watched Patrick since he started, lo❤him!
I had no idead Moby is into finance as well. Impressive.
“We are all made of Morning Star…” - Finance Moby
Warched the whole thing. Great channel
It's sad how difficult things have become in the present generation. I was wondering how to utilise some money I had. I used some of it for e-commerce business, but that sank. I'm thinking of how to use what's left to invest, but I don't really know which way to go.
It's a good idea to seek advice at the moment, unless you're an expert yourself. As someone who runs a service business and sells products on eBay, I can tell you that the economy is struggling and many people are struggling financially.
Such market uncertainties are the reason I don’t base my market judgements and decisions on rumours and here-says, got the best of me 2020 and had me holding worthless position in the market, I had to revamp my entire portfolio through the aid of an advisor, before I started seeing any significant results happens in my portfolio, been using the same advisor and I’ve scaled up $450k within 2 years, whether a bullish or down market, both makes for good profit, it all depends on where you’re looking.
I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
Great show, I'm a big fan of Patrick, and David.
All l've been hearing over the past six months are negative - market crash, multinational corps are pulling out, foreign direct investments shrunk, unemployment is rising, etc... Tourism is rotting. Shops are closing. It's been reported that the real estate market accounts for roughly 30% of the economy and it's crashing to a virtual halt. So how does the Chinese GDP still grow at 5%? Can someone please explain that to me?
You are right China uses made up figures.
😂 because it's not true and widely exaggerated the US economy is rotten to the core but there are being portrayed as healthy but china that's growing,5% is stagnant if so why Janet Yellen going to ask china to borrow money 😂.. remember USA pas a 1.6 billion propoganda bill on china
It's a very, very simple answer. They're lying. You see, the political fortunes of local and provincial party leaders have been based on economic growth. The higher the number, the more likely you are to get promoted up the party ladder from some nasty post in Yunnan to somewhere comfier on the coast. As well, people who don't meet growth targets at best have their careers frozen. At worst... demotion.
Even back in '08, Chinese leader Hu Jintao basically said "We don't really know what the real numbers are for the economy" because there was so much manipulation. The legitimacy of the CCP is based on economic performance. As long as the economy improves, no one really minds. When the economy slumps, people are less tolerant of the more unsavory features of the CCP: endemic corruption, arbitrariness, blunt authoritarianism, etc. Social stability, the one thing Bejing really cares about, is at risk.
It isn't. It's tracking 4.7% right now. Sub 5% growth is bad for a developing economy.
I'm guessing you believe they had zero COVID deaths too 😂
Excellent coverage and guest
thanks David for interviewing a young budding rapper!
😂
Ye ye wut wut
Patrick dropping knowledge. Straight from the streets.
Look forward to enjoying your channel David
Can't have a global market without global consumers. Producers are only half the story, and the easy half at that.
Really enjoyed Patrick Boyle. Your show is high quality, David.
Oh man Patrick Boyle!!!
Thank you for the great quality interviews David
I am reading "collapse" and "slowdown" for at least the last 12-18 months. When is that really gonna happen?
It’s been happening. It is happening. But since China isn’t a free market economy, it’s showing up as a decrease in the standard of living of the Chinese people rather than all at once in the stock market.
Already happing….we are slowly experiencing that
@@ianshaver8954
Compare you average Chinese worker to the average American worker, who is worst, and why?
Ignore the language like collapse. Long term stagnation seems more likely. Japan style. Though China has not gone up the value add as much as Japan had so will be interesting to see how they try to manage this.
@@ianshaver8954 lol, this podcast aged well... (after only 1 week it was 100% wrong). probably not even a record for these fearmongering bozo's.
Great interview David. thanks. I believe trying to analyze or understand the markets is not possible as traders decisions are mostly ‘ emotional’ . But understanding the overall world economics and trends is very helpful for long term investors success . This gentlemen is very interesting . please have him more often .
Some economists have projected that both the U.S. and parts of Europe could slip into a recession for a portion of 2024. A global recession, defined as a contraction in annual global per capita income, is more rare because China and emerging markets often grow faster than more developed economies. Essentially the world economy is considered to be in recession if economic growth falls behind population growth.
In light of the ongoing global economic crisis, it is crucial for everyone to prioritize investing in diverse sources of income that are not reliant on the government. This includes exploring opportunities in stocks, gold, silver, and digital currencies. Despite the challenging economic situation, it remains a favorable time to consider these investments. Nevertheless, seeking guidance from an investment planner might be necessary if you desire a more assertive return.
Investing in gold is a reliable choice, and I plan to keep buying more to make up for my losses. While silver is also a good investment, my collectibles are not as similar. It's important to have clear investment goals and educate yourself on the type of investment that interests you. I work with a financial consultant regulated by the SEC, and started small, but eventually accumulated over $800,000.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Jessica Lee Horst’’ for about two years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
China is facing a 20y depression .....
I love it when two channels I love come together.
Patrick is awesome. Very knowledgeable with a great sense of humour.
I enjoy Patricks videos for the music reviews😂
I love that so many experts from countries whose economies have been stagnant for decades can see all the "problems" with a country that is in the midst of an economic miracle. I have a lot more confidence in China's economy than I do in the economic prospects of Britain, Germany and the rest of the G7 in the decades ahead.
Totally agree with you. Definitely the China story is still very much alive with far more to come. Per capita GDP of ~14K is still far below that of the developed world.
@@jamesho8820They can buy a very nice car in China for $14k.
My word, you two. You're doing a good job pretending to be Westerners for the 祖國。
Then simply put, you have no idea what you’re talking about. China?! Haha. They’re so screwed.
@jamesho8820 The Chinese can buy very nice cars for 14k!
Very Wise Man. Great podcast
Patrick! My man!
Great interview on both sides.
It's nice to see an interviewer who doesn't interrupt
Our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy >>and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.
People believe their currency has the worth it does because they have no other option. Even in a hyper inflationary environment, individuals must continue to use their hyper-inflationary currency since they likely have minimal access to other currencies or gold/silver coins.
Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.
How can i get started when it comes to investing and passive income?
Zachery M Demers is the licensed FA I work with, I can't speak much about him you should make a search with his name, you'd find the necessary details to schedule an appointment.>
I've been hearing this sob story about the US economy for over 10 years now. Yet stocks keep going up and up and up.
Massive slow down in the UK is the reality !!!
Wow, two of my most favourite hosts on financial subjects. Thanks a lot.
Great conversation...effective journalism
The Chinese economy can actually get better if only the govt can start making better decisions for the sake of it's citizens, cos' they've really made life more difficult for its residents.inflation has left the less haves bearing the brunt of the burden. Its already eating into my retirement portfolio. Like where else can we invest our money with less risks?
Navigating market volatility can be challenging, it might be beneficial consulting with an advisor to provide personalized insights based on your specific situation and financial position
No doubt, getting proper financial advice is invaluable, my portfolio is well-matched for every season of the market and just yielded a much better % from early last year. I and my advisor are working on a 7 figure ballpark goal, though this could take another year.
How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings
I've experimented with a few over the past years, but I've stuck with the popularly ‘’Stacy Lynn Staples” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip
The irony of pumping crypto while interviewing Peter is palpable.
Great job Patrick, subscribed to him a few years ago.
I am puzzled. If China's trade balance each month is $80 billions, doesn't that means manufacturing is churning out vigorously?
..come on, don't trust your lying eyes, trust what the script announcer tells you
Happy you finally had my favorite rapper on your channel David!
Patrick Boyle looks like Moby 😀
Nah Patrick is a rapper
Brilliant subject matter! Loved the show!
I am not a fan of China, but this is all so hyperbolic. So, according to them China is collapsing, but at the same time is the world's largest manufacturing, the largest global importer of raw materials, the largest car manufacturer (and growing so much it threatens other markets), the holder monopoly of electric battery manufacturing, still the biggest electronics manufacturing center, the biggest green energy market in the world...
Why is that then?
How can a country be collapsing and achieving so many goals at the same time?
Obviously there is a fast slowdown to the Chinese economy, they are not really sustainable in economic terms, their real estate has objectively collapsed and their banks are a joke, but what about everything else going right for them?
Actually this video is not really hitting the point. Look up Richard Koo and his interviews of balance sheet recession. Essentially he is saying China is heading the same way as Japan. China's technically bankrupt because of the excess liabilities accumulated with the overvaluation of the stock market and residential housing market. Obviously these two markets have crashed leaving the people highly leveraged and paying down debt. However, this doesn't mean it's not making money. Cashflow remains positive but more resources will be used to pay down debt instead of people and companies borrowing money to invest in capital growth. Only way out is for government to carry out some fiscal stimulus to inject money back into the market that have accumulated in the banks from the higher savings and debt repayments.
Personally speaking, China hasn't actually finished yet with its industrialisation policy. This is just part of structural adjustment the economy needs to undergo to reach full industrialisation for the remaining 2/300 million people.
What also people actually fail to see is that actually a lot of those China EV companies are Tech companies. Majorly into robotics. Check out some videos of people visiting China EV car plants. The reason why EVs are cheap isn't predominately the low cost of labour. It's the replacement of labour. Capital won out. Those factories only need like 500 to 600 people to run and can churn out as many cars as you want, but other factories might be employing in the 1000's to 10,000 to produce the same output. Technology and capital won in China, labour is losing.. which will eventually cause issues for the government with mass unemployment (actually already happening).
@@DamienKSC Boyle does hit the point; he clearly states the situation in China is analogous to Japan in the later 1980s, so he even specified a date within a few years for that period.
He also stated that China is trying to export its way out of this and the problem was the directives of Xi who is essentially political in orientation and doesn't see himself as having the role of overseer, as an economic responsibility. If you want more detail on this see China Outlook with Tony, who is living in China and is an economist and speaks fluent Mandarin. He is pro China in focus but also clear about the nature of developments currently.
Boyle did not go into more detail on this because the interview was far more wide ranging than that.
For some reason you filtered Boyle's substance out of the picture and seem to want to damage his credibility..
@@deborahcurtis1385
I don 't buy the balance sheet narrative. The U.S. consumers are full of debt, and the only reason they can spend beyond their means is because of excess saving around the world, namely China. Even if Chinese concomers are paying down their debt, they still have a lot of savings, and they can deploy that savings to grow the economy.
@@phillip76 China is not what it was. Also the capacity of the US to borrow is ultimately a question of their ability to repay, and confidence in the USD. The situation in China is imploding, the Chinese have lost confidence in the economy and that's a crucial factor; they can't be forced to spend. Geographically the US has vast tracts of fertile soil and is able to feed its own people it's China which is vulnerable right now.
@@deborahcurtis1385
No it is not. U.S. consumer ability to pay is based on lower interest rates, or cheap money supported by global investors, China, and very bad moral values that value spending over savings, and investments.
U.S. economy is supported by the U.S. dollar, which in turn supported by U.S Empire. This is not ok, morally, and not sustainable.
China is still growing at around 5%. If you are talking about food production. Well, China is self-sufficent in many agriculture products. China in also connected to global markets in trade. So, that is not a problem.
It seems to me Americans can no longer afford to live in America. That is the big problem, and overtime, this is going to get worst with automation, and price inflation. The biggest problem for Americans in America, and China cannot help at this point. Americans are at a vulnerable position.
That fact that your hatred to hurt China makes you morally rotten. I assume there are more people like you. Morally rotten folks don 't produce values. rotten folks like your self cannibalist your own. Best of luck.
In my opinion, the problem with the usual application of Ricardo's comparative advantage is it leaves out the implication of environmental and labor laws. As I've said for over forty years is the United States has been exporting pollution and importing poverty.
“Fake financial influencers” ! Mr. Lin you are hosting one on a regular basis : Gareth Soloway 😢
Good questions- thoughtful responses. It was very interesting.
I'm in Michigan, and the housing market here over the past 7-8 years has been unprecedented. Houses that were purchased for $130K in 2015 are now going for $590K. These are tiny, poorly constructed 950-square-foot homes in quiet, mediocre neighborhoods. Meanwhile, nicer, average-sized homes in better neighborhoods that were over $300K a decade ago are now selling for $750K+. It's wild.
Most people find it difficult to handle a fall since they are used to bull markets, but if you know where to look and how to maneuver, you can make a size-able profit. Depending on how you intend to enter and exit, yes.
The enduring US stock market bull run evokes a mix of fear and excitement, presenting opportunities with insight, resulting in $780k gains in the past ten months, utilizing a portfolio advisor for a well-defined strategy.
My portfolio has been in the gutter for the entire year, so I started researching new ways to profit in the market, but everything I tried just seemed to miss the mark. Please let us know the name of your financial advisor.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
Have you had an influx of migrants from Asia or South America?
Patrick has a great channel and a wonderful sense of humor.
Great Video
When Patrick Talks I listen... His very cautious with his point of view in this video.
If 5% growth is collapsing, what is the situation in the US and EU today, at the hell?
The difference is the US and Europe are highly developed countries. China is not, hence the growth.
Patrick's humor is a big differentiator
I'll be honest, IDK who you are, but you had Mr. Boyle on, so I watched and liked. I really hope this doesn't mess up my algorithm.
It will. But what’s your point? You don’t financial news?
@@JocobsComments i am picky about financial information. I dislike relaying information that I find out is completely wrong.
It’s hard to believe any of these people when they never mention the false data being given also the trouble with middle and low income debt piling up people with no money all they do is talk about data. I guess that’s OK when you have a nice big income and a living a nice lifestyle, so Mr. Lynn needs to bring that up to his people that come on his show
Yeah Mr. Patrick who produces nothing of value but has managed to get rich with other people's money doesn't understand economics. What a surprise lol
Yeah you random mr. Smith will understand economy more than a guy running a hedge fund after i assume getting a degree needed for that
thanks David - love Patrick's channel
Finally, a guest that makes up for the past three 😂
Don't know about that. This guy is an utter moron or completely dishonest.
Great program!
didn't expect to see these two collab. APPORVED. Patrick's monotone yet witty explanation of high IQ stuff is second to none. LOVE HIM!
Finance Moby is a great interview. Up the dubs 👏
David great guest, Patrick is brilliant. He integrates some fantastic humor into his videos
David! You got Patrick!! ❤😊🎉
This guy is way more interesting speaking on the fly than his normal pre planned videos 😅
Completely agree. His pre planned videos are interesting but a ruined by the laboured humour.
OMG I just realised that Patrick Boyle taught at QMUL.. been watching his videos for a while.. he's just grown so much more in my eyes.
Ey, cool, two of my favorite TH-camrs in one frame!
Patrick was a great guest, very useful info
its the two prev years of hiring freezes and we have had alot of layoffs whats this guy smoking that the usa econ is ok? consumer spending tells the tale. get out of your ivory tower.
Consumer spending in the U.S. actually doing just fine, as the data last week. That said everything not all roses in the U.S. Things are definitely slowing. But we’re going to ride out global downturn much, much better than rest of world. Our challenges aren’t nearly as bad as the things China is facing. China is totally screwed.
@@MaxnPow sure, as long as NATO/US does not initiate a war with China. That would change reality for both countries.
Patrick is a worthless PoS who works for financial institutions. He's never produced anything of value into the economy. He's gotten rich scamming people and screwing people over for his own profit. He will not get out of his Ivory Tower
@@MaxnPow China produces things, we don't. I think you're confused about who's screwed when the trade between us stops. Go through your house and look at the 'made in' labels on the things you own and then tell me China is screwed again lol
I was in China recently and people are going about their lives normally and tourism is booming. People are not screwed over there. If you ask first home buyers in China, many are happy that they can finally afford a home not too far from the city centre. Owners of multiple properties aren't too happy but they seemed to have accepted that house prices cannot go up exponentially forever.
Great interview David
We’re screwed
Good interview, thanks for posting
Bitcoin is gearing up for a monumental leap to new all- time highs.🚨
Absolutely. It's an exciting time to be in crypto. Strap in and enjoy the journey.
this is definitely superb! think you could suggest any professional/advisors i can get on the phone with??
Yes grahamconsults
On telegram?
Yup as grahamconsults
My favorite team! Patrick and David
If Patrick is basing his theory on the Chinese slowdown due to students not coming to the US/UK for their education, he is wrong. Chinese students no longer need to leave China for a top-notch university education. They have plenty of high powered institutions to attend right in China. In fact, China probably has two or three of the best universities on the planet.
Let him speak, world is not China that you can control!
👍👌👌👌👏👏👏
Yes, you're correct that there is less desire for a US/UK/Can/Aus education. The costs are ridiculously high and I don't think parents see the rewards to be as great as in the past. Also, Chinese universities have improved greatly over the past 20 or so years.
Internet means education is no longer location specific
For sure, and China dominates material science, just to name an example.
Thanks for sharing! I'm a bit surprised that Patrick did not describe the US economy as late stage, but instead as doing fairly well. It seems abundantly clear that even if all published economic stats are as accurate as those in the past, US economic growth peaked in 2022 and has drastically slowed its rate of increase, if not gone negative. Just look at retail sales, manufacturing PMIs, new construction ground breaking, etc.
I don’t know where you’re getting your facts but US GDP is not negative. Also you’re describing short term statistics.
@@whydoncha "China is under serious pressure from a collapsing real estate sector, deflation, population decline, and very high youth unemployment"
"Uh, why didn't you mention all of the US's problems?? US growth has PEAKED (dude trust me bro) so it's literally over for the US"
We're in a world where EVERY economy is struggling, or under serious pressure. Some more worse than others.
Because he is focusing on stocks and investment. I agree with him, US investors are covered and not much is going on.
In regarding to trade. people tend to ignore there is difference between "fair trade" and "free trade". US funding was based on "fair trade" principle. It's very difficult to do "fair trade" between partners with very different value systems, particularly when it comes to "rule of law".
Keep up the great work, David! ❤
I’m not really interested in economics…but I find Patrick, interesting, informative and very funny…that’s why I watch him.
WOW! Did not expect Patrick on here. Congrats on snagging such a special guest!!! Looking forward to watching this.
I never heard of Nederhoffer.....
What part of Connecticut is he well known in??
google could help
Now that Chinese manufacturers are capable of making quality cars (EVs) at a fraction of the price, it’s tariffs time in the West.
Yes, so much for the urgency of tackling climate change.
You mean the Chinese cars that are self immolating>? 🤣
@@pabs5270 Chinese EV's self-immolate at a lower rate than Boeing aircraft.
@@pabs5270 Self immolation is just a feature of the whole EV industry.
@@donkeychan491 There’s no free media in China, so that’s impossible to know anyway. And they know everything would collapse if the truth goes out, that’s why TH-cam got banned 15 years ago
Lord Boyle, UK Minster of the Finance and Duke over Treasure Tower, is a S tier asset for public financial literacy.
Is China in crisis? Of course;
Is China collapsing? WTH😂 Gordon Chang is that you?