I am not from Wall Street, I know no one from Wall Street, and I have nothing invested in Wall Street, yet Wall Street has taken everything my country has and put it in their pockets. This is the story of Wall Street.
I love stocks, investments, wall street. The due dilligence or the gamble. But last couple decades, the street isn't in line with earnings. The government is intervening to much. You can be totally right, doing your homework, and still lose money from government or giant players just falsely rigging the market. The markets been detached from fundamentals. Also lots of politics, activists, has been embedded. It's not real any more. And the government, giant players, fake holding up of it, taking out the fundamentals these people stole my love from me. They've separated the market, and all its parts, from the underlying fundamentals and reality. Now 2 - 6 = 5. No one, even knowing finance, can go along with this its a fairy tale approach. Knowing markets don't help, when the actual market left the building. I've been totally 100% right on something or near 100%. Yet lost money as it went the other way. A lot of these forcasts turn out wrong. But not because the people are wrong. Because the markets fake.
@@itsallminor6133 u just saw manipulation with printed money today...n the entire rally from the October low... Now they will sell to dumb money. The illusion of free mkts
A very wise person (My Mother) once told me that Americas wealthy class is DIFFERENT than the wealthy class in other countries. Americas wealthy class is willing to ruin America in there quest for wealth, where as the wealthy in other countries want a disproportionate amount of the wealth, yet aren't willing to ruin there country to obtain that wealth.
China’s trade surplus went from 50 billion a month to 80 billion a month over the course of 2023. The Chinese trade surplus is forty percent of India’s economy. But China is going down. 🤦♂️ Notice he never says a number for everything. He just says that these numbers were a disaster but never says what the numbers are. Useless.
26:22 We no longer have Fractional Banking, we moved to a "Sufficient Reserves" regime a year or two ago which set the Fractional Reserve Requirement to 0%. Too Big To Fail is now Official Fed Policy.
As an elder millennial, one of the few advantages is having lived through the Great Recession. My advice. Reduce unnecessary expenses, increase your savings by investing in financial markets and do not sell. One thing I know for sure is that diversifying your income can help insulate you from much of the craziness going on in the world.
“There’s more and more of a concern that incoming data is revealing that the Fed might be a little bit behind the curve than maybe they expected heading into this year,” said Bipan Rai, North America head of FX strategy at CIBC Capital Markets.
@@graceocean8323 Only a good FA will be enough to guide you through the current market volatility. I've been speaking with an advisor for a while now, primarily because I don't have the necessary expertise or stamina to handle these recurrent market conditions. The fact that I made over $220K during this downturn proved that there is more to the market than the typical person is aware of. The greatest course of action right now is to have an investing consultant, especially for people who are nearing retirement.
@@mcginnnavraj4201 We’re only just an information away from amassing wealth, I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides you help?
My Portfolio is managed by JEANNE LYNN WOLF, whom I found out about and contacted after seeing her on a CNBC interview. It has since acted as the starting and ending point for the games we have prioritized. If tracking is required, an internet search can be done.
Insightful. Your counsel couldn't have come at a better moment because I'm currently barely holding on. I'll do some research on her online before calling her.
Best interview i have seen here in awhile. More of this please, good to see and mention Mark Mobius and stress to folks that going into China is NOT THE SAME AS getting out of China.
Brilliant conversation. Always fascinating hearing from Nicholas. Also a big hat tip to Jack. Not only a very good interviewer but also the amount of information and research done to hold a two way conversation is very impressive.
Även om USA höjer skuld taket. Så är det inget annat än sparka burken lite längre framför sig!?. Detta löser ingenting!!!!! Troligen enbart gör problemet värre??????.
Min pappa har tänkt på flytta in i sin stuga som inte går att bo i. 🤭. Han vägrar inse alla problem som finns!!!!!!!. Ja listan kan göras lång!!!!!!. Och min pappa har inget körkort!!!!!!!!. Och kan inte längre köra bil. Men han ska Fixa sin stuga. Detta kan bara sluta på ett sätt. Totalt kaos. Och pappa kommer att till slut kontakta mig!!!!! Och detta kommer då att svida big time. Jag vet inte idag om jag har någon lust med det??????. Mitt förtroende för pappa är borta. Vi för se om jag har rätt eller inte!?.
A very detailed broad ranging interview and yet focused on the common denominator of deglobalization in particular decoupling from China. CRE crisis and decoupling are - against the obvious - at least indirectly linked by the FED‘s monetary tightening policy which simply accelerates the various transformations some for the better some maybe not so much
my previous client wants all employees to return to office. but they have hired so many they don’t have enough space for them all. even after a remodel of the office. they are already locked in to a 3 day a week mandatory for at least 10 years unless they have a huge amount of HR attrition
NIcholas keeps talking about common law & common law of finance but on his own PPT (Reverse CFIUS) he points out that the US will do limit investments & enact clawbacks on foreign investment. Clawbacks are a euphemism for "was legal when you did it but now we changed our minds" which seems counter to free & open capitalism. Overall interesting interview and some valid points
I love stocks, investments, wall street. The due dilligence or the gamble. Loved it since a child 40 + years. But last couple decades, the street isn't in line with earnings. The government is intervening to much. You can be totally right, doing your homework, and still lose money from government or giant players just falsely rigging the market. The markets been detached from fundamentals. Also lots of politics, activists, has been embedded. It's not real any more. And the government, giant players, fake holding up of it, taking out the fundamentals these people stole my love from me. They've separated the market, and all its parts, from the underlying fundamentals and reality. Now 2 - 6 = 5. No one, even knowing finance, can go along with this its a fairy tale approach. The s.e.c itself halting stocks. The band wagon groups, giant hedge funds. Way to many nefarious players. Knowing markets don't help, when the actual market left the building. I've been totally 100% right on something or near 100%. Yet lost money as it went the other way. A lot of these forcasts turn out wrong. But not because the people are wrong. Because the markets fake. So if you see all these people forecasts come out wrong, remember they may not so much be wrong and have studied the underlying quite heavily. Its that the games been rigged.
Chinese aren't consuming, chinese were always cheap, profit margins don't exist. Xi certainly doesn't want people to have 2 cars or even houses in the american context, it just isn't possible to make them cheap enough, the interviewer is way off in this rebuttal. Glinsman is right, finance IS next, its already starting to happen.
US also dictates the agriculture by the department of Agriculture by subsidy to farmers not to grow certain crops. Just diff way to deal with I suppose.
Greetz from a family office investor (my family) in Singapore. Clearly, this act would be among the worst own-goal scored in modern history, as Ray Dalio explained, who knows something about money & finance. The US has the worst NIIP in the world (which means Net International Investment Position) and China has the best. That means the US is (by far) the biggest debtor on earth and China is the world's biggest creditor (plus China has ~180K tonnes of total gold sovereign + individual ~50/50 versus the US ~8K total tonnes of sovereign gold, unaudited and possibly zero in reality). For decades, the US used to be the world's largest creditor nation, and Britain was before that. But today the US is a mathematically insolvent nation and, per the unparalleled bank analyst Chris Whalen of Institutional Research Advisors, every US bank is technically bankrupt too. So in these desperate circumstances, with all the financially-surplus countries de-dollarizing ASAP, especially the rich ones in the Middle East and Asia, some fool in the US decided to initiate a capital war? LOL. That's like taking a knife to a gunfight. As Dalio just wrote, "A capital war will bring the US to its knees and possibly be its great undoing.". Also in a related piece per Dalio, "The US is now a poor country that thinks it's still a rich country. China is now a rich country that thinks it's still a poor country". This will end badly for the declining US and hasten its demise. Quite dumb, which is rather fitting for the Biden admin I think. Better for everyone to try getting along better and work together more instead of engaging in this kind of mutually destructive nonsense.
there is no such thing as getting along. its kill or be killed as china is showing. They don't want to play by the rules, they want to enforce their own. It's simply no longer viable for two countries with vastly opposing systems to be compatible.
Stop repeating what the CCP paid you to spread misinformation. Michael Pettis, finance professor at Beijing University for over 20 years, who understands China's economy more than anyone, proven that the de-dollarization is bull crap since the 1970s. Also, Dalio was proven wrong over and over on his Principal book with his bias, lying claims that China will overtake USA. As Macro and Money on TH-cam have stated, "Ray Dalio's China Analysis Makes No Sense" and he has reached out to Dalio's publishers for answers to his flawed claimed but they were too scared to respond. th-cam.com/video/s1iv0q_SW3E/w-d-xo.html Are you WuMao?
All your explanations do not make any sense since those with surplus are not willing to take a huge haircut. Also, it's been proven that your bogus claims were concocted by the Russian and CCP. 🤣🤣🤣🤣🤣 Good try, WuMao! 🤣🤣🤣
China is in dire straits. Their population is collapsing, property bubble finally bursting, the post zero covid economic rebound isn’t happening, inward investment is collapsing, export related activity especially in the south has collapsed, unemployment especially youth unemployment is rising steadily. Ideologically Xi is pulling them further away from the west so a trade realised rebound is unlikely materialise.
Sorry but I'll defer to the detailed counter view by Ray Dalio who has lived there and knows the score & ppl well. Who to believe, a tin-pot nobody here or a self-made mult-billionaire investor who founded and owns the best, most successful hedge fund on the planet? Hmm, no-brainer.
His assessment of two ongoing decoupling processes is perhaps correct. But there is serious lack of in-depth analysis. That requires good understanding of how prevent global economics work, and also geo-economics. It is not trivial
Question that I haven't heard answered anywhere yet: in a world with a declining workforce (demographic collapse basically across the board in developed nations, even in the US the workforce is facing pressure with the boomers retiring) at what point does unemployment stop being a useful metric for predicting future economic performance? At some point soon increasing unemployment will be more indicative of automation driven efficiency outrunning a declining workforce, and that sounds like a recipe for booming corporate profits, not recession (until the guillotines come out, at least😂).
Odds are you live in "the west" so the answer is never. "Unemployment" in the west means people who want work but cannot find it. Already western unemployment hides any automation and anyone who does not wish to participate in the legal employment sector.
An interesting phenomena I noticed during this talk; private equity that doesn’t need to satisfy ESG are going to have access to a glut of commercial real estate and capital that are artificially blocked from being picked up by public companies. Might be an all time great idea to start a small private business if you have some startup capital.
In 1986, I took out a $120K 30 year fixed rate mortgage for 6.75% and the bank grudgingly approved it. In December 2021, I took out a $500K 30 year fixed rate mortgage at 2.9% and the bank was eager to lend. Given the outlook, I couldn't understand why the bank was so eager to lock themselves into this arrangement. I will let the FED bail out the banks, and I will keep my mortgage.
The main problem with big government has always been the same throughout history. If you need them there ready but most of the time you don't need them.But unfortunately you still have to pay them, so you can see how this creates an endless negative economic delima.
Guy gave a fantastic interview. I do wish he wouldn’t speculate in areas he really doesn’t know firsthand. On CRE, Insurance co’s are lenders but not large owners of office. He say retail CRE is bad and in trouble. That could t be further form the truth. Retail shops are as full as they’ve ever been in the United States due to very little new builds over the last 10 yrs.
Home shoring, friend shoring et al is good but it is going to mean higher costs. Just ask Apple what their limited move to India has done for them. If Apple were to re-shore completely now to India or any other place they would essentially go out of business because their costs would go up immensely. The west thinks costs is China's only virtue. Since China's Labour costs have gone up markedly why are Apple et al still in China? Must be labour costs is not the biggest factor holding them in China? Steve Jobs and Cook have had their say? Just look it up!
I have to say. It’s fascinating watching an American like Jack, so indocinated into capitalism trying to get his head around the fact China isn’t (and never was) interested in economic gain over political gain. It’s like Nicholas is speaking a foreign language:)
I totally agree. I think that it's also a function of their respective ages as well. Similarly, I think that one of the reasons that the British and American political partnership has worked so well in the past and will work so well in the future is that our strengths are very much complementary. For instance the British seem to be able to grasp subtleties very well and the Americans have massive amounts of raw dynamism. Again this may be a function of the respective age of the countries or perhaps because the USA has power and the UK is much less so. All the best
For clarity here, there are CCP members on every board of every company that the CCP deems necessary, ie, all of a reasonable scale. They can veto everything the company does. It's a lottery with these guys. Some are hardcore and not open to being bought. Some are corrupt as hell and are difficult in the pursuit of bribes. Some don't give a crap and just enjoy the easy salary and are barely present. Some aren't even true believers and are somewhat progressive by Chinese standards. It's pot luck, and you just have to hope that you get a chilled out one who isn't constantly shaking you down.
Yes you know because you visit all these boards. You realize that many European countries have the same thing in where they have stakeholders that represent the public good sit on company boards. This is also exactly what ESG is going to put in place in many companies in the west.
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. A trader made over $350k in this recession influenced market.
This was a great interview. Jack was really on point for this, great questions! Good to hear Nick Glinsman's take, whether you agree or not, good points to consider.
Counter-point by Ray Dalio who has lived there and knows the score & ppl. Who to believe, a tin-pot nobody here or a self-made mult-billionairre investor who founded and owns the best, most successful hedge fund on the planet? Hmm.
@@montakute1328 Did you actually read what Ray Dalio wrote about China? His opinions couldn't be more different from Nick Glinsman. Dalio has to temper his opinions for the American audience but if you read between the lines you know he has a very high opinion of the CCP and their policies. He is writing because he is worried about the US system and not the Chinese system.
@@georgesiew6203 Up-voted. Yes I have read Dalio and yes I agree with your comment. Except that, like many others not being heard, Ray is pleading for cooperation as he loves both his US homeland and the China where he knows and lived in. THIS is what we need to hear more of - finding common ground and win-win for all we little people instead of confrontation, sacrifice, and war mongering. Alas some very powerful interests are pushing hard for war and getting their way. President Eisenhower warned us about that group in his famous farewell speech, and the General-turned-president sure knew what he was talking about!
Powell is two rate hikes behind? He has got to stop treasury bills from blowing out every morning? Getting 15- 20 basis points above fed. Funds consistently every morning is making treasury investors put off until tomorrow what they could buy today? CAN POWELL EVEN SPELL ECONOMY?
BOA and Wells do care about deposits. They are offering bond yields 5%+ with duration. They are not offering them in the branches on CD. Most people would not bother to look for them
I've been with BofA since 1987 and they haven't mentioned having a worthwhile rate on the app or the site. No point in keeping such things hidden. My money is flowing elsewhere.
If they advertised then NIM would go to crap. All banks are in a profit squeeze. They are just trying to drag this out as long as possible. I just park money into Wells 18 month CD slightly over 5%, but not at Wells if that makes sense. TD and Fidelity are offering these CD products. No one is really going to borrow at the current rates and those who do are most likely a high credit risk. It’s going to be hard times for banks
Pretty clear you don't have a firm understanding of what is taking place in China right now and how that will impact Germany and Europe. It's like an earthquake is starting and you're asking if maybe you should get an umbrella. Let's hope the Fed has a sense to wait until things get very bad before they start cutting.
Judge999 I think the United States has a grudge with Russia and I can see why. I went on a cruise and was supposed to board in Singapore but didn’t know where to stand. (My first for Asia and the cruise) I walked up to a small group that was milling around and asked them where we should go. Holy Crap! He looked at me then spit out your American you can figure it out! Well I was immediately pissed off but didn’t say anything. We found a line way the hell back in the south forty but I didn’t care. I just wanted to be able to get on board. When it came time to board our line was picked first to board, As we walked past his group I locked eyes with him and he knew I was mad. He looked embarrassed or sheepish. I gave him s little wave. But I know he could tell I was angry.
Ask all these Russian oligarchy whose money and properties were arbitrarily confiscated by the West governments. Where are the common laws of protections? Most of these people have already gained the citizenships of the Western countries.
The black swan event is the crash upwards! There was a double bottom if you zoom out and look at the charts. The stock market climbs a wall of worry and there is a lot of worry.
Quite possible with a currency crash, as the denominator is losing value rapidly. Anything real will appreciate in depreciating currency units. But historicaly, tangible assets do much better than financial assets in such circumstances.
It’s not a bug, it’s a feature. Why are our policymakers trying to drive our economy into a Great Depression? That always happens with neoclassical economics Neoclassical economics is the economics of the Roaring Twenties, the Wall Street Crash and Great Depression. Policymakers sooner or later use the economic growth model of the Roaring Twenties, oblivious to where this is leading. It was China’s turn after 2008. What goes wrong with neoclassical economics? 1) It makes you think you are creating wealth with rising asset prices 2) Bank credit flows into inflating asset prices. 3) No one notices the private debt building up in the economy as neoclassical economics doesn’t consider debt. 4) The banking system and the markets become closely coupled, and as soon as asset prices fall it feeds back into the banking system 5) The money creation of unproductive bank lending makes the economy boom as you head towards a financial crisis and are left facing a Great Depression. Chinese exports to the West fell off a cliff after 2008, and they turned to their neoclassical economist to revive the economy. They started pumping bank credit into real estate. They were oblivious to the claims on future spending power piling up in the banking system. At 25.30 mins you can see the super imposed private debt-to-GDP ratios. th-cam.com/video/vAStZJCKmbU/w-d-xo.html
Very interesting interview with Nick (englishman?) of his information first time I've seen & heard him Glad I stayed tuned need to hear this particular interview again with Nick 😊
Yi Fuxian has calculated from vaccine and primary school enrollment that China only has 1.23 billion people in stead of official 1.4 billion; China real GDP of first quarter 2023 is minus 10% in stead of plus 4.5%. Yangtze delta and ZhuJiang delta labour income, Shanghai export containers index, satellite light index, Korea chips export of first quarter and April to China dropped 41%, highway logistics volume, methanol and vegetable oil from future market, all lead to minus 10% first quarter 2023.
When Deng opened China up to there were 2 streams of money invested in China. One stream came from the west. This stream mainly consisted of western (incl Japan) companies looking for cheap labour. The second stream came from the Chinese diaspora (Chinese living in South East Asia and elsewhere). This second stream wasn't looking for cheap labour! Even if western companies pulled out this second stream won't!
@@gstlbin fact there are more money coming into China. You do not have to worry for China. China has its own sources of money. So there are 3 sources of money in China. 1 money from the west! This is money running from the rich in the west. They have essentially no place to put their money. 2 internal savings of the Chinese people. 3 diaspora money will not be pulled from China! Even if all western companies pulled out from China the Chinese economy will continue. In the case of those companies who pull out capital, where would they put their money. As to why diaspora money was invested into China there is a reason which the west will not understand. It is an urge to help the mother country. In the west an emigre becomes American and most will forget their roots (obviously not all, but most). It is not the same amongst the Chinese. Ties to the mother country remains strong.
Great news for China. They will get hundreds of factories for free including Tesla Shanghai and many others. Chinese companies have assured 3 billion consumers. China itself, Russia, Central Asian Republics, Almost all Islamic countries, wide swathes of Africa and Latin America. If decoupling from China was so attractive, it would have happened years ago. Actually, G7 should trade exclusively among itself. It will be a gift to rest of the world
They got those factories for free the moment they were setup. The fools who invested in them are only now realizing that all they had was a license to operate and never owned these factories in the first place.
Economic experts believes china will use a very fair methods ? For people who has bring usa dollars and deposit in china banks earlier on?? And now they or and same in investor wants to cash out ?????
John Vallis's interview with Peter Alexander, who has lived and worked in China for 30 years, gives a more balanced and realistic view of China than Nick Glinsman's Anglo American perspective.
What does Anglo American have to do with anything? typical nonsense when people do not like what they hear. It is hard to hear the truth sometimes but still important. Even Chinese economist are saying some of the exact same things he just did.
Debt.., Debt predicated upon Debt can only end in bankruptcy no matter how you shuffle the chairs on this financial Titanic. Unfortunately the vast majority are in a self emposed ride on the hamster wheel of debt. Answer, strive to become your own central bank by paying off debt, then hold appreciating assets and maybe pms....or pull the blanket over your head in denial.
The IMF and other western bodies are talking about accelerated growth in China and Asia as a whole while these newsletter sellers are talking about a slowdown. Where do they get their information?. Sounds more like wishful thinking
Very interesting discussion. However I would bet on China over the West simply as the West doesn’t have the population that say the BRICKS+ block has. The US+the US vassal states are the imperialists not so much with the rest of the world.
That would be incorrect. India seems to be siding or growing closer to the west and they are being setup to become the next western partner of choice. BRICS as the next block is a pipe dream. Even as we speak none of them has excepted China as the leader or to use the Yuan full stop. It seems more like a propaganda narrative for the disgruntled masses. Imperialism? that is what many Asian and other countries are now accusing China of being. But again, everything you said in this comment is word for word CCP run propaganda. China claiming the entire SCS despite others having claims or moving in on India, Bhutan, Nepal, Phillipines seems very imperialist to me. Using debt traps to control mining concessions or building Chinese only colonies in Africa all very imperialist.
@@nelumkalachuchi1154 No I do that has nothing to do with the growth of the industrial base in 🇨🇳. BRICS is 3.2 Billion G7 is 777M Clearly you haven’t been paying attention to world trade and who is winning because China is now the major trading partner for the vast majority of the world vs 20 years ago when it was the US 🤦♂️
Great insight on China, and the final question about who will join the Chinese side is a very good question to think about. For a while now I wonder how long the Chinese people gonna take it, and the CCP suddenly was forced to end the zero-covid-policy. Also I saw videos about this new agriculture policies, which probably will end in a Mao-kind disaster for the population. Exporting Soya to Brazil? Really? I think China will be very busy with national troubles. But not only China. Btw, there are many studies claiming that soya makes peop]e dumber, and I live in Indonesia and I must say there might be some truth to that.
Actually, alcohol and obesity are proven to. So the US is so done!! There are indeed several new peer-reviewed research papers proving the medical link, and it's even on Dr Dhand's great channel, I think, unless it too has been censored like everything real on this garbage US platform, which has lost so much market share that the US now has to ban tiktok lol... losers!
Oh, I'm in singapore and for sure the muricans don't have a full deck. The global PISA scores and also the standardized intl test scores of graduating students prove it. Singapore #2, China #1, east asia takes all six top spots, and the US ranks well down in the 3rd quartile, saved only by the Asians in school there or else the US would probably rank in the lowest decile or so, LOL
@@davidzoller9617 When I'm back in the US, I feel like I've stepped into a Mad Max movie. My in-law who's in law enforcement assures me that 90% of violent crime is unreported in US and swept under the rug, so that rat hole is really 10X worse than it seems. As for Indo, Malaysia is abt 10X better.
@@montakute1328 Well, I'm in Indo for 8 years now, and it is safe, as long as you not do a stupid thing. Regarding the US, it depends a lot what state one talks about. I guess the crime rate in Montana will be low.
Economic experts believes that usa is killing its own usa overprinted dollars? By not dare to guarantee the overprinted usa dollar note's worth?? It means usa overprinted dollars can become worthless???
![[UNCUT] บอสพอล แผลงฤทธิ์ บอสพระ-นักร้อง ก. โดนแฉยับ! I คนดังนั่งเคลียร์ I 21 ต.ค. 67](http://i.ytimg.com/vi/XKf6HeftoPI/mqdefault.jpg)
I am not from Wall Street, I know no one from Wall Street, and I have nothing invested in Wall Street, yet Wall Street has taken everything my country has and put it in their pockets. This is the story of Wall Street.
It's not just wall st. It's accounting. Just look at same thing in China and Russia. It's not Wall St. You have to make more money faster.
I love stocks, investments, wall street. The due dilligence or the gamble.
But last couple decades, the street isn't in line with earnings. The government is intervening to much. You can be totally right, doing your homework, and still lose money from government or giant players just falsely rigging the market. The markets been detached from fundamentals. Also lots of politics, activists, has been embedded. It's not real any more. And the government, giant players, fake holding up of it, taking out the fundamentals these people stole my love from me. They've separated the market, and all its parts, from the underlying fundamentals and reality. Now 2 - 6 = 5. No one, even knowing finance, can go along with this its a fairy tale approach. Knowing markets don't help, when the actual market left the building. I've been totally 100% right on something or near 100%. Yet lost money as it went the other way. A lot of these forcasts turn out wrong. But not because the people are wrong. Because the markets fake.
@@dtsai only the people in the US think like this... People don't think like that in Japan n in many countries
@@itsallminor6133 u just saw manipulation with printed money today...n the entire rally from the October low... Now they will sell to dumb money. The illusion of free mkts
A very wise person (My Mother) once told me that Americas wealthy class is DIFFERENT than the wealthy class in other countries. Americas wealthy class is willing to ruin America in there quest for wealth, where as the wealthy in other countries want a disproportionate amount of the wealth, yet aren't willing to ruin there country to obtain that wealth.
I had never heard of Nicholas Glinsman. Thank you for your talk with him. It was extremely interesting.
The great questions you asked are a powerful combination with the professor's excellent knowledge and communication skills.
Well this did not age well. China economy still going strong …..
In China, there is high subsidies for healthcare. Retired also get pension. What nonsense when you say there is no such benefits for the people!
There is free healthcare in China!❤
China’s trade surplus went from 50 billion a month to 80 billion a month over the course of 2023. The Chinese trade surplus is forty percent of India’s economy. But China is going down. 🤦♂️
Notice he never says a number for everything. He just says that these numbers were a disaster but never says what the numbers are. Useless.
Americans are fooled by the media about China😂! China is not collapsing, US is!😢
26:22 We no longer have Fractional Banking, we moved to a "Sufficient Reserves" regime a year or two ago which set the Fractional Reserve Requirement to 0%. Too Big To Fail is now Official Fed Policy.
As an elder millennial, one of the few advantages is having lived through the Great Recession. My advice. Reduce unnecessary expenses, increase your savings by investing in financial markets and do not sell. One thing I know for sure is that diversifying your income can help insulate you from much of the craziness going on in the world.
“There’s more and more of a concern that incoming data is revealing that the Fed might be a little bit behind the curve than maybe they expected heading into this year,” said Bipan Rai, North America head of FX strategy at CIBC Capital Markets.
@@graceocean8323 Only a good FA will be enough to guide you through the current market volatility. I've been speaking with an advisor for a while now, primarily because I don't have the necessary expertise or stamina to handle these recurrent market conditions. The fact that I made over $220K during this downturn proved that there is more to the market than the typical person is aware of. The greatest course of action right now is to have an investing consultant, especially for people who are nearing retirement.
@@mcginnnavraj4201 We’re only just an information away from amassing wealth, I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides you help?
My Portfolio is managed by JEANNE LYNN WOLF, whom I found out about and contacted after seeing her on a CNBC interview. It has since acted as the starting and ending point for the games we have prioritized. If tracking is required, an internet search can be done.
Insightful. Your counsel couldn't have come at a better moment because I'm currently barely holding on. I'll do some research on her online before calling her.
Settle down Jack! You were hyped up in this interview! Let the man speak! 💯
Best interview i have seen here in awhile. More of this please, good to see and mention Mark Mobius and stress to folks that going into China is NOT THE SAME AS getting out of China.
Fascinating stuff around China
I do not think that China is short of investment money. Now the middle eastern money starts flowing into China.
Economic investigator Frank G Melbourne Australia is still watching this very informative content cheers Frank ❤
Brilliant conversation. Always fascinating hearing from Nicholas. Also a big hat tip to Jack. Not only a very good interviewer but also the amount of information and research done to hold a two way conversation is very impressive.
Jag börjar misstänka att 2023 kan bli starten på något som världen troligen aldrig någonsin tidigare skådat???????.
Jo kanske romma rikets kolapps!?.
Även om USA höjer skuld taket. Så är det inget annat än sparka burken lite längre framför sig!?. Detta löser ingenting!!!!! Troligen enbart gör problemet värre??????.
Min pappa har tänkt på flytta in i sin stuga som inte går att bo i. 🤭. Han vägrar inse alla problem som finns!!!!!!!.
Ja listan kan göras lång!!!!!!.
Och min pappa har inget körkort!!!!!!!!. Och kan inte längre köra bil. Men han ska Fixa sin stuga.
Detta kan bara sluta på ett sätt. Totalt kaos. Och pappa kommer att till slut kontakta mig!!!!! Och detta kommer då att svida big time. Jag vet inte idag om jag har någon lust med det??????.
Mitt förtroende för pappa är borta.
Vi för se om jag har rätt eller inte!?.
A very detailed broad ranging interview and yet focused on the common denominator of deglobalization in particular decoupling from China. CRE crisis and decoupling are - against the obvious - at least indirectly linked by the FED‘s monetary tightening policy which simply accelerates the various transformations some for the better some maybe not so much
Hina is uninvestable anyway. Their property bubble literally dwarfs every bubble we are currently in.
my previous client wants all employees to return to office. but they have hired so many they don’t have enough space for them all. even after a remodel of the office. they are already locked in to a 3 day a week mandatory for at least 10 years unless they have a huge amount of HR attrition
Blockworks always has insights you will never find on mainstream media
Good Video. Exposed some of what's CCP are about. We need a lot videos like this.
NIcholas keeps talking about common law & common law of finance but on his own PPT (Reverse CFIUS) he points out that the US will do limit investments & enact clawbacks on foreign investment. Clawbacks are a euphemism for "was legal when you did it but now we changed our minds" which seems counter to free & open capitalism.
Overall interesting interview and some valid points
Free and open capitalism. Dr. Lonny Shavelson found that 70% of female heroin addicts had been sexually abused in childhood.
National security needs trumps all (within reason).
I love stocks, investments, wall street. The due dilligence or the gamble. Loved it since a child 40 + years.
But last couple decades, the street isn't in line with earnings. The government is intervening to much. You can be totally right, doing your homework, and still lose money from government or giant players just falsely rigging the market. The markets been detached from fundamentals. Also lots of politics, activists, has been embedded. It's not real any more. And the government, giant players, fake holding up of it, taking out the fundamentals these people stole my love from me. They've separated the market, and all its parts, from the underlying fundamentals and reality. Now 2 - 6 = 5. No one, even knowing finance, can go along with this its a fairy tale approach. The s.e.c itself halting stocks. The band wagon groups, giant hedge funds. Way to many nefarious players. Knowing markets don't help, when the actual market left the building. I've been totally 100% right on something or near 100%. Yet lost money as it went the other way. A lot of these forcasts turn out wrong. But not because the people are wrong. Because the markets fake.
So if you see all these people forecasts come out wrong, remember they may not so much be wrong and have studied the underlying quite heavily. Its that the games been rigged.
agreed.
agree fully, it's always looked too rigged for a fair gamble
Agree totally same I know I,m right in my thinking however after20 years it,s getting HARD to maintain faith I,m running out of life !
Great guest and interview Jack. Very informative
Chinese aren't consuming, chinese were always cheap, profit margins don't exist. Xi certainly doesn't want people to have 2 cars or even houses in the american context, it just isn't possible to make them cheap enough, the interviewer is way off in this rebuttal. Glinsman is right, finance IS next, its already starting to happen.
Jack talking wsy too fast. Nick is clear snd understandable.
SVB was not a risk management issue, it was a corruption issue.
US also dictates the agriculture by the department of Agriculture by subsidy to farmers not to grow certain crops. Just diff way to deal with I suppose.
True, however the market can overpower the state in the US system, whereas in an authoritarian regimes this safety valve is absent.
markets will let people starve to protect profits, presentday authoritarians do not, so as to protect their resource of last resort
Greetz from a family office investor (my family) in Singapore. Clearly, this act would be among the worst own-goal scored in modern history, as Ray Dalio explained, who knows something about money & finance.
The US has the worst NIIP in the world (which means Net International Investment Position) and China has the best. That means the US is (by far) the biggest debtor on earth and China is the world's biggest creditor (plus China has ~180K tonnes of total gold sovereign + individual ~50/50 versus the US ~8K total tonnes of sovereign gold, unaudited and possibly zero in reality). For decades, the US used to be the world's largest creditor nation, and Britain was before that. But today the US is a mathematically insolvent nation and, per the unparalleled bank analyst Chris Whalen of Institutional Research Advisors, every US bank is technically bankrupt too.
So in these desperate circumstances, with all the financially-surplus countries de-dollarizing ASAP, especially the rich ones in the Middle East and Asia, some fool in the US decided to initiate a capital war? LOL. That's like taking a knife to a gunfight.
As Dalio just wrote, "A capital war will bring the US to its knees and possibly be its great undoing.". Also in a related piece per Dalio, "The US is now a poor country that thinks it's still a rich country. China is now a rich country that thinks it's still a poor country". This will end badly for the declining US and hasten its demise. Quite dumb, which is rather fitting for the Biden admin I think.
Better for everyone to try getting along better and work together more instead of engaging in this kind of mutually destructive nonsense.
Not again. If China is winning, why whine?
there is no such thing as getting along. its kill or be killed as china is showing. They don't want to play by the rules, they want to enforce their own. It's simply no longer viable for two countries with vastly opposing systems to be compatible.
Stop repeating what the CCP paid you to spread misinformation. Michael Pettis, finance professor at Beijing University for over 20 years, who understands China's economy more than anyone, proven that the de-dollarization is bull crap since the 1970s. Also, Dalio was proven wrong over and over on his Principal book with his bias, lying claims that China will overtake USA. As Macro and Money on TH-cam have stated, "Ray Dalio's China Analysis Makes No Sense" and he has reached out to Dalio's publishers for answers to his flawed claimed but they were too scared to respond. th-cam.com/video/s1iv0q_SW3E/w-d-xo.html Are you WuMao?
All your explanations do not make any sense since those with surplus are not willing to take a huge haircut. Also, it's been proven that your bogus claims were concocted by the Russian and CCP. 🤣🤣🤣🤣🤣 Good try, WuMao! 🤣🤣🤣
China is in dire straits. Their population is collapsing, property bubble finally bursting, the post zero covid economic rebound isn’t happening, inward investment is collapsing, export related activity especially in the south has collapsed, unemployment especially youth unemployment is rising steadily. Ideologically Xi is pulling them further away from the west so a trade realised rebound is unlikely materialise.
Sorry but I'll defer to the detailed counter view by Ray Dalio who has lived there and knows the score & ppl well. Who to believe, a tin-pot nobody here or a self-made mult-billionaire investor who founded and owns the best, most successful hedge fund on the planet? Hmm, no-brainer.
Excellent
4:35 Why did you cut him off on BRI? that's pretty damned important.
His assessment of two ongoing decoupling processes is perhaps correct. But there is serious lack of in-depth analysis. That requires good understanding of how prevent global economics work, and also geo-economics. It is not trivial
Question that I haven't heard answered anywhere yet: in a world with a declining workforce (demographic collapse basically across the board in developed nations, even in the US the workforce is facing pressure with the boomers retiring) at what point does unemployment stop being a useful metric for predicting future economic performance? At some point soon increasing unemployment will be more indicative of automation driven efficiency outrunning a declining workforce, and that sounds like a recipe for booming corporate profits, not recession (until the guillotines come out, at least😂).
Odds are you live in "the west" so the answer is never. "Unemployment" in the west means people who want work but cannot find it. Already western unemployment hides any automation and anyone who does not wish to participate in the legal employment sector.
Thanks for steering your guest back when he steers too for into political rants/fearmongering.
An interesting phenomena I noticed during this talk; private equity that doesn’t need to satisfy ESG are going to have access to a glut of commercial real estate and capital that are artificially blocked from being picked up by public companies. Might be an all time great idea to start a small private business if you have some startup capital.
In 1986, I took out a $120K 30 year fixed rate mortgage for 6.75% and the bank grudgingly approved it. In December 2021, I took out a $500K 30 year fixed rate mortgage at 2.9% and the bank was eager to lend. Given the outlook, I couldn't understand why the bank was so eager to lock themselves into this arrangement. I will let the FED bail out the banks, and I will keep my mortgage.
Cheap mortgage on a house with declining value--dubious deal.
The main problem with big government has always been the same throughout history. If you need them there ready but most of the time you don't need them.But unfortunately you still have to pay them, so you can see how this creates an endless negative economic delima.
Guy gave a fantastic interview. I do wish he wouldn’t speculate in areas he really doesn’t know firsthand. On CRE, Insurance co’s are lenders but not large owners of office. He say retail CRE is bad and in trouble. That could t be further form the truth. Retail shops are as full as they’ve ever been in the United States due to very little new builds over the last 10 yrs.
Look at what Amazon and Walmart is doing to the small store . That’s all thanks to China . That is why we have to stop buying Chinese things
Home shoring, friend shoring et al is good but it is going to mean higher costs. Just ask Apple what their limited move to India has done for them. If Apple were to re-shore completely now to India or any other place they would essentially go out of business because their costs would go up immensely. The west thinks costs is China's only virtue. Since China's Labour costs have gone up markedly why are Apple et al still in China? Must be labour costs is not the biggest factor holding them in China? Steve Jobs and Cook have had their say? Just look it up!
A shot for every 'rule based order' would kill me.
Rules are simple - sovereignty not allowed.
A cold cut of reality.
America makes up the rules, everyone else has to follow them.
Thank you
I have to say. It’s fascinating watching an American like Jack, so indocinated into capitalism trying to get his head around the fact China isn’t (and never was) interested in economic gain over political gain. It’s like Nicholas is speaking a foreign language:)
I totally agree. I think that it's also a function of their respective ages as well.
Similarly, I think that one of the reasons that the British and American political partnership has worked so well in the past and will work so well in the future is that our strengths are very much complementary. For instance the British seem to be able to grasp subtleties very well and the Americans have massive amounts of raw dynamism. Again this may be a function of the respective age of the countries or perhaps because the USA has power and the UK is much less so.
All the best
Why pin this only on Jack. Even Bill Clinton was fooled by China into letting them into the WTO.
China literally enslaves their own people for economic gain.
To the Chinese capitalism is an instrument to be used for geopolitical power and internal stability. To the Americans capitalism is an end in itself.
For clarity here, there are CCP members on every board of every company that the CCP deems necessary, ie, all of a reasonable scale. They can veto everything the company does. It's a lottery with these guys. Some are hardcore and not open to being bought. Some are corrupt as hell and are difficult in the pursuit of bribes. Some don't give a crap and just enjoy the easy salary and are barely present. Some aren't even true believers and are somewhat progressive by Chinese standards. It's pot luck, and you just have to hope that you get a chilled out one who isn't constantly shaking you down.
Yes you know because you visit all these boards. You realize that many European countries have the same thing in where they have stakeholders that represent the public good sit on company boards. This is also exactly what ESG is going to put in place in many companies in the west.
@@georgesiew6203 I know because I lived there for many years and worked for a great many companies. Back in your box, fool.
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. A trader made over $350k in this recession influenced market.
Fascinating thanks!
This was a great interview. Jack was really on point for this, great questions! Good to hear Nick Glinsman's take, whether you agree or not, good points to consider.
Great interview n insights. Deglobalization sets the framework for all biz n investments in the next 30 yrs.
Historically deglobalization goes hand in hand with wars
Both very informative and very frightening, especially for the Chinese people.
Have to agree. Such evil pushed on the Chinese people.
Ya frightened about how ignorant western analysis of their country is.
Counter-point by Ray Dalio who has lived there and knows the score & ppl. Who to believe, a tin-pot nobody here or a self-made mult-billionairre investor who founded and owns the best, most successful hedge fund on the planet? Hmm.
@@montakute1328 Did you actually read what Ray Dalio wrote about China? His opinions couldn't be more different from Nick Glinsman. Dalio has to temper his opinions for the American audience but if you read between the lines you know he has a very high opinion of the CCP and their policies. He is writing because he is worried about the US system and not the Chinese system.
@@georgesiew6203 Up-voted. Yes I have read Dalio and yes I agree with your comment. Except that, like many others not being heard, Ray is pleading for cooperation as he loves both his US homeland and the China where he knows and lived in. THIS is what we need to hear more of - finding common ground and win-win for all we little people instead of confrontation, sacrifice, and war mongering. Alas some very powerful interests are pushing hard for war and getting their way. President Eisenhower warned us about that group in his famous farewell speech, and the General-turned-president sure knew what he was talking about!
Powell is two rate hikes behind? He has got to stop treasury bills from blowing out every morning?
Getting 15- 20 basis points above fed. Funds consistently every morning is making treasury investors put off until tomorrow what they could buy today?
CAN POWELL EVEN SPELL ECONOMY?
missing some major points , very one sided , sounds like Nicholas Glinsman swallowed a London newspaper like the telegraph
Sounds like he swallowed the truth. That may not be what you like to hear but it is still important.
@@rickjames18 "Europe’s largest asset manager Amundi is moving out of US assets in favour of China" i could list 100 points he failed to mention
BOA and Wells do care about deposits. They are offering bond yields 5%+ with duration. They are not offering them in the branches on CD. Most people would not bother to look for them
I've been with BofA since 1987 and they haven't mentioned having a worthwhile rate on the app or the site. No point in keeping such things hidden. My money is flowing elsewhere.
If they advertised then NIM would go to crap. All banks are in a profit squeeze. They are just trying to drag this out as long as possible. I just park money into Wells 18 month CD slightly over 5%, but not at Wells if that makes sense. TD and Fidelity are offering these CD products. No one is really going to borrow at the current rates and those who do are most likely a high credit risk. It’s going to be hard times for banks
They are just banking (no pun) on the laziness of people that is why you wont see offer at the retail banking level
They're only billionaires on paper with private stock which basically means cotton candy values
bring Nick back plse .. he's great with his answers and his knowledge as is Kyle Bass !
Like Jacks questioning n playing devils advocate for every scenario.
Youth unemployment is a silly metric
Pretty clear you don't have a firm understanding of what is taking place in China right now and how that will impact Germany and Europe. It's like an earthquake is starting and you're asking if maybe you should get an umbrella. Let's hope the Fed has a sense to wait until things get very bad before they start cutting.
That was excellent Nick
I think your crystal ball is broken sir.
I think Jack was too excited on this one, uncharacteristically kept adding and interrupting the guest, happens now and then :-)
Maybe what he he says is not convincing. That is why he need to interrupt to get more convincing evidence from him.
he doesn't understand it means also stopping investment of chinese money in all kinds of western assets that increased in price funding US growth? 😂😂😂
Stopped listening when he got Hambantota wrong.
Isn’t the ceo of buttcoin in prison?
Quite a good talk.
I haven’t heard a British person speak the truth about Russia, ever.
I do, but you're right that the elites of my country for some reason has an obsessive hatred for Russia that I can't understand.
Judge999 I think the United States has a grudge with Russia and I can see why.
I went on a cruise and was supposed to board in Singapore but didn’t know where to stand.
(My first for Asia and the cruise)
I walked up to a small group that was milling around and asked them where we should go.
Holy Crap! He looked at me then spit out your American you can figure it out!
Well I was immediately pissed off but didn’t say anything.
We found a line way the hell back in the south forty but I didn’t care.
I just wanted to be able to get on board.
When it came time to board our line was picked first to board,
As we walked past his group I locked eyes with him and he knew I was mad. He looked embarrassed or sheepish. I gave him s little wave. But I know he could tell I was angry.
Finding the host of the show slightly defending the CCP these things never end well these people on total power and control
Why do you keep interrupting your guests? 18:53. Let him speak
Fantastic channel.
Nicholas is SPOT ON about China, their gov system, geopolitical and youth trends...keep up the content on this topic!
Ya he's as spot on as a blind man feeling up an elephant's ass and telling you this horse has a smooth face.
Wow, this guy knows what he’s talking about!
Ask all these Russian oligarchy whose money and properties were arbitrarily confiscated by the West governments. Where are the common laws of protections? Most of these people have already gained the citizenships of the Western countries.
Accuse me if I don't feel bad for the richest people in the world who helps keep a dictator in office and stole from there own people to stay rich.
Loved the interview. I’m looking into the daily. Seemed a little rushed, I guess you had a hard stop?
Bain etc were collecting information for us Govt agencies. And were arrested.
The interviewer needs to talk less and listen
The black swan event is the crash upwards! There was a double bottom if you zoom out and look at the charts. The stock market climbs a wall of worry and there is a lot of worry.
Possible! Maybe massive double top on SPX.
Don't count on anything. Read my other comment
Quite possible with a currency crash, as the denominator is losing value rapidly. Anything real will appreciate in depreciating currency units. But historicaly, tangible assets do much better than financial assets in such circumstances.
The stock market is not the 4 companies that dominate the spx and breadth would say otherwise.
It’s not a bug, it’s a feature.
Why are our policymakers trying to drive our economy into a Great Depression?
That always happens with neoclassical economics
Neoclassical economics is the economics of the Roaring Twenties, the Wall Street Crash and Great Depression.
Policymakers sooner or later use the economic growth model of the Roaring Twenties, oblivious to where this is leading.
It was China’s turn after 2008.
What goes wrong with neoclassical economics?
1) It makes you think you are creating wealth with rising asset prices
2) Bank credit flows into inflating asset prices.
3) No one notices the private debt building up in the economy as neoclassical economics doesn’t consider debt.
4) The banking system and the markets become closely coupled, and as soon as asset prices fall it feeds back into the banking system
5) The money creation of unproductive bank lending makes the economy boom as you head towards a financial crisis and are left facing a Great Depression.
Chinese exports to the West fell off a cliff after 2008, and they turned to their neoclassical economist to revive the economy.
They started pumping bank credit into real estate.
They were oblivious to the claims on future spending power piling up in the banking system.
At 25.30 mins you can see the super imposed private debt-to-GDP ratios.
th-cam.com/video/vAStZJCKmbU/w-d-xo.html
Very interesting interview with Nick (englishman?) of his information first time I've seen & heard him
Glad I stayed tuned
need to hear this particular
interview again with Nick
😊
Economic experts ask which nations want a soon to devaluation currency??????
Very great video
Given by their equal balding foreheads I'm 100% convicned that they are secretly related to each other
Wow, a lot of holes and fear mongering. Very Western centric interview.
At the end there Nicholas is starting to sound like Peter Zeihan.
Yi Fuxian has calculated from vaccine and primary school enrollment that China only has 1.23 billion people in stead of official 1.4 billion; China real GDP of first quarter 2023 is minus 10% in stead of plus 4.5%. Yangtze delta and ZhuJiang delta labour income, Shanghai export containers index, satellite light index, Korea chips export of first quarter and April to China dropped 41%, highway logistics volume, methanol and vegetable oil from future market, all lead to minus 10% first quarter 2023.
Hey nick, I want bet a 100 bucks with you for you being broken before China 😂😂😂
I would say a lot of big pensions own the RE (levered) equity too
When Deng opened China up to there were 2 streams of money invested in China. One stream came from the west. This stream mainly consisted of western (incl Japan) companies looking for cheap labour. The second stream came from the Chinese diaspora (Chinese living in South East Asia and elsewhere). This second stream wasn't looking for cheap labour!
Even if western companies pulled out this second stream won't!
Hmm not sure. Why are they sending money and what is different since Deng? And will it be enough if the other stream dries up?
@@gstlbin fact there are more money coming into China. You do not have to worry for China. China has its own sources of money. So there are 3 sources of money in China.
1 money from the west! This is money running from the rich in the west. They have essentially no place to put their money.
2 internal savings of the Chinese people.
3 diaspora money will not be pulled from China!
Even if all western companies pulled out from China the Chinese economy will continue. In the case of those companies who pull out capital, where would they put their money.
As to why diaspora money was invested into China there is a reason which the west will not understand. It is an urge to help the mother country.
In the west an emigre becomes American and most will forget their roots (obviously not all, but most). It is not the same amongst the Chinese. Ties to the mother country remains strong.
UK Trade Minister Dominic Johnson visit Hong Kong on May 9 2023 for what ?
For more BNO investments.
Great news for China. They will get hundreds of factories for free including Tesla Shanghai and many others. Chinese companies have assured 3 billion consumers. China itself, Russia, Central Asian Republics, Almost all Islamic countries, wide swathes of Africa and Latin America. If decoupling from China was so attractive, it would have happened years ago. Actually, G7 should trade exclusively among itself. It will be a gift to rest of the world
They got those factories for free the moment they were setup. The fools who invested in them are only now realizing that all they had was a license to operate and never owned these factories in the first place.
If so, don't whine any more about the decoupling. 🤣
@@TR-xr4ut That's your speciality. We keep quiet till it's time to roar.
@@demonridera Time to roar? Are you a lion? 🤣
@@TR-xr4ut Your whine is so alluring. I can't help myself.
Economic experts believes china will use a very fair methods ? For people who has bring usa dollars and deposit in china banks earlier on?? And now they or and same in investor wants to cash out ?????
I am looking at a 9 handle for the remimbe by year end.
Jack does an excellent job in this one
You should congratulate yourself doing something right because the number of Wumaos commenting here.
Crazy hey. It's gotten worse.
You a wumao too.
Farley has only been doing this a few years and is already one of the best Financial Interviewers.
John Vallis's interview with Peter Alexander, who has lived and worked in China for 30 years, gives a more balanced and realistic view of China than Nick Glinsman's Anglo American perspective.
What does Anglo American have to do with anything? typical nonsense when people do not like what they hear. It is hard to hear the truth sometimes but still important. Even Chinese economist are saying some of the exact same things he just did.
Incoherent nonsense.
Debt.., Debt predicated upon Debt can only end in bankruptcy no matter how you shuffle the chairs on this financial Titanic. Unfortunately the vast majority are in a self emposed ride on the hamster wheel of debt. Answer, strive to become your own central bank by paying off debt, then hold appreciating assets and maybe pms....or pull the blanket over your head in denial.
The IMF and other western bodies are talking about accelerated growth in China and Asia as a whole while these newsletter sellers are talking about a slowdown. Where do they get their information?.
Sounds more like wishful thinking
Very interesting discussion.
However I would bet on China over the West simply as the West doesn’t have the population that say the BRICKS+ block has.
The US+the US vassal states are the imperialists not so much with the rest of the world.
You don’t have money, do you😂
That would be incorrect. India seems to be siding or growing closer to the west and they are being setup to become the next western partner of choice. BRICS as the next block is a pipe dream. Even as we speak none of them has excepted China as the leader or to use the Yuan full stop. It seems more like a propaganda narrative for the disgruntled masses. Imperialism? that is what many Asian and other countries are now accusing China of being. But again, everything you said in this comment is word for word CCP run propaganda. China claiming the entire SCS despite others having claims or moving in on India, Bhutan, Nepal, Phillipines seems very imperialist to me. Using debt traps to control mining concessions or building Chinese only colonies in Africa all very imperialist.
@@nelumkalachuchi1154 No I do that has nothing to do with the growth of the industrial base in 🇨🇳. BRICS is 3.2 Billion G7 is 777M
Clearly you haven’t been paying attention to world trade and who is winning because China is now the major trading partner for the vast majority of the world vs 20 years ago when it was the US 🤦♂️
Es mucho más complejo que mera población, que argumento tan pobre.
Brilliant guest…great interview….
Great insight on China, and the final question about who will join the Chinese side is a very good question to think about. For a while now I wonder how long the Chinese people gonna take it, and the CCP suddenly was forced to end the zero-covid-policy. Also I saw videos about this new agriculture policies, which probably will end in a Mao-kind disaster for the population. Exporting Soya to Brazil? Really? I think China will be very busy with national troubles. But not only China.
Btw, there are many studies claiming that soya makes peop]e dumber, and I live in Indonesia and I must say there might be some truth to that.
Actually, alcohol and obesity are proven to. So the US is so done!! There are indeed several new peer-reviewed research papers proving the medical link, and it's even on Dr Dhand's great channel, I think, unless it too has been censored like everything real on this garbage US platform, which has lost so much market share that the US now has to ban tiktok lol... losers!
Oh, I'm in singapore and for sure the muricans don't have a full deck. The global PISA scores and also the standardized intl test scores of graduating students prove it. Singapore #2, China #1, east asia takes all six top spots, and the US ranks well down in the 3rd quartile, saved only by the Asians in school there or else the US would probably rank in the lowest decile or so, LOL
@@montakute1328 When I'm in Singapore I always feel like in a RoboCop-Movie: "Thank you for your cooperation".
@@davidzoller9617 When I'm back in the US, I feel like I've stepped into a Mad Max movie. My in-law who's in law enforcement assures me that 90% of violent crime is unreported in US and swept under the rug, so that rat hole is really 10X worse than it seems. As for Indo, Malaysia is abt 10X better.
@@montakute1328 Well, I'm in Indo for 8 years now, and it is safe, as long as you not do a stupid thing. Regarding the US, it depends a lot what state one talks about. I guess the crime rate in Montana will be low.
Economic experts believes that usa is killing its own usa overprinted dollars?
By not dare to guarantee the overprinted usa dollar note's worth?? It means usa overprinted dollars can become worthless???
i will look @ this video, OK?