US China Trade War Explained -Who Needs Who?
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- เผยแพร่เมื่อ 27 พ.ค. 2019
- Patrick Bet-David breaks down the US Trade War with China and what you can do about it. Don't forget to subscribe. Check out Official Valuetainment Merch here: vtmerch.com/
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One thought, not "everybody in the world wants to come to America" thank God. Fewer and fewer people do. "Everybody" - that sounded like a half remembered memory 20 year old spin.
The US is undergoing net migration at the moment.
THAT SAID...
These videos are wonderful. I love it that they are full of detail and very well delivered. I'm going to watch a few more to think about subscribing.
Farmers income and bankruptcy spike was also due in large part to massivie flooding in the spring that led to late planting and destruction of reserves in stills .... multiplied by early fall frosts.... 2019 maybe the worst in production from the US grain belt produced in decades .... banking on a tremendous 2020 harvest .... also take into account monsnato and company beating the shit outta farmers for decades with their seeds, GMO, non heirloom.... meaning you have to buy seeds every year ... folks you have to self educate ... why Joey ... why waste my time as you do taking hours every day 7 days a week be it 7am or 4am and every free moment in between studying this .... ANSWER ..... Because the only thing more important then health is food and water.... and money comes in close to the finish line.... health.... food.... water...... money... if these things do not effect you ... then your either homeless and already in a personal SHTF ... or your in denile .... because its just so much easier to ignore such things and live in a world of sunshine, rainbows, unicorns and blunts ! Mic drop!
By the way pat ... i just want to give you mad props and respect for your extensive knowledge and how well you convey and explain such critical information and insight! .... it also helps that you speak a mile a minute very clearly and take a 45 minute video and wrap it up in half the time or much less ! Your awesome ! Thanks for your time !
You are good at what you do Patrick but you talk too fast for an African like me. Pretty too fast to comprehend
how much trump pays you to say all these? is it enough to last you a life time? LOL!
If my teacher had your kind of energy I would have payed more attention in class. Lol
No, you wouldn't have.
Yeah that's true
Cause the way he's explaining is so interesting
LOL! @justin
Your English teacher??
and that would lead you to learn some stuff instead of listening to dumb fucks like this dude.
Some economists have projected that both the U.S. and parts of Europe could slip into a recession for a portion of 2023. 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.
My main concern now is how can we generate more revenue during quantitative times? I can't afford to see my savings crumble to dust.
It's a delicate season now, so you can do little or nothing on your own. Hence I’ll suggest you get yourself a financial expert that can provide you with valuable financial information and assistance
Very true! I've been able to scale from $50K to $189k in this red season because my Financial Advisor figured out Defensive strategies which help portfolios be less vulnerable to market downturns
@@lipglosskitten2610 How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings?
@@martingiavarini My consultant is ‘’Catherine Morrison Evans’’ I found her on a CNBC interview where she was featured and reached out to her afterwards. She has since provide entry and exit points on the securities I focus on. You can look her up online if you care supervision. I basically follow her trade pattern and haven't regretted doing so.
I feel like i learnt more on you tube in 2 years than my 20 years of school education
abzy3k1 couldn’t agree more school literally taught us nothing important
It took you 20 years to get out of the third grade that's rough
@@Motor-City_Ben-Diesel I'm pretty sure reading and writing are important
The Blue spy obv... but there’s other methods of teaching that would help use our time more wisely that could help us find our passion instead of working constantly for something that could take us haft the time and we only live once
20 years later you stil haven't graduated Jr. College ? You set yourself up for that comedy not me ! I graduated in 4 years .
Which university did you go to?
Me: Utube
Annette J how is it relevant?
@@hamedd5951 This does look like a lecture streaming LOL
Exactly jajaja
@Lucas James You are spot on. It all boils down to how well you know your resources
@@hamedd5951 how are you relivant you islamic sexist prick. Unedicated personas are not welcome in the presence of the divine rights of freedom of press and no brigade of evil can slaughter the youth of our nation....even when they come to our country as enemies....and use our resources to eat but insult us like the rabid animal you are. Dont Tread On Me 🐍.....and china can suck my nuts with my flag in hand 🇺🇸
As a Chinese, I would tell you the fact that even if these companies dont do business with China, Chinese company will eventually do their own research to make competitive products and dominate their own large market, even international ones. (Examples are 5G of Huawei, Drone Company like DJI, etc) But if they do business with China, most Chinese companies wont bother wasting their own money do R&D for new products. Cause even if they do, their price wont be able to compete with those already mass manufactured ones from western companies in a shorter timeframe.
So in a shorter time-frame, the best approach for western companies are doing business to occupy Chinese market before local companies do.
So in past decades, a very common phenomenon you would see is western companies sell high value-added products with a very high price to Chinese people. Then some Chinese companies who don't wanna be "exploited" would invest money to try making the same products. And once they finally do, the western companies will lower the price of these high value-added products and start a normal price war. (Though a lot western companies got destroyed this way cause they can no longer sell their products at an insane price to the world. ) But of course, there are still a lot examples that western and Chinese companies having a long-run partnership and benefiting each other, competition don't necessary means "kill" each other.
For me, I think it's a win-win situation cause western companies got the chance to make huge amount of money from China and had an head start priority into the competition of Chinese market, but hardworking Chinese people got the courage to overcome technology barriers on their own. It might be seems time-wasting, money-wasting, but it's definitely good practice for Chinese companies to upgrade themselves to the same level as western ones.
Anyway, Chinese companies are rapidly transferring themselves from copier, cheap brand stereotypes into innovative ones. That's what the Made in China 2025 truly stands for.
I hope you find this information valuable.
@Shadow Gamer The problem is , can US really sustain the damage on itself after "cutting ties in any aspects of business" with China? Even if US can, what about rest of the world?
Also remember US government is heavily influenced by US enterprises and big money behind it. Cutting ties between China wont make them happy. As long as Chinese don't do things stupid enough like Pearl Harbor or 911 which enrage the entire country of US, I don't see this kind of extreme movement can be made by US government. But, who knows? At least for now it's Trump in the white house.
You sir are a genius for understanding all this and for being able to explain this so clearly to us simpletons.
Genuis? Really? His main thing is having the time and money to sit down and put this together. Money brings More money
@@movie30000 Being rich is one thing but being able to teach well says something more.
Start living a bitter life man.
@Santiago Giuntoli If you want to be special then by all means man, knock yourself out 😉👌.
I feel dumber and smarter at the same time.
It's just the usual racist propaganda for dumb people to feel superior.
Successful people don't become that way overnight. What most people see at a glance wealth, a great career. Purpose is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life.
You are right, to be a successful person in life require him or her of hard work and time
The things is about been successful is working towards it and not going the other way around.
I totally agree with you it has been an eye_opening experience for alot of people.
investment is the key to achieving success with the current pandemic slowing down so many business.
@@sharonmichelmy4302 Talking about been successful. I know I am blessed if not I wouldn't meet someone is a spectacular as Mrs Madeleine latitia..
You said "imagine the CIA invests in Facebook".. They did.. In-Q-Tel invested in Facebook before anyone heard of Facebook
He would have no idea about that.
No they dont,thats conspiracy theory.
Frank Jay 100% bullshit that has been debunked time and time and time again. No different than the idiots saying it’s the CIA Along with the FBI that runs the massive cocaine trade into our Nation.
Link or something?
CIA must have invested on FedEx which just rerouted Huawei packages to US.
You said "imagine the CIA invests in Facebook", one might add " Imagine Pentagon invest in Google"...
@Dumb Dumber Like anyone dispute the FACT that all internet giant are in bed with CIA?
As if that would happen... Ummm 😒
@Vahan Ghazarian .ok
They already do
You might want to ask have they already! Hell we don't call it fed book for nothing
explaining stuff with this kind of zest should be a fundamental requirement for employing lecturers and teaching staff in universities/colleges
The education system is fake
Best Current events and history teacher ever!
Actually CIA invests in tech companies, did you ever hear about In-Q-Tel?
Perhaps, but it doesn't mean they own 100% of the company (or even 1% for that matter) which is the point I think he was trying to make.
Google, facebook and others
Everybody invests in Tech Companies.Do you know why ? Because that's the fastest way to make quick money.You can also loose very quickly if you don't time your exit fast enough.
@@andrewc4606 we all know anything is privatised is going to be expensive for public whereas state owned is better off for consumers.. if facebook is working n sharing our data with cia whats the difference between own the company or not both do the same job stealing our data n information
It would've been better if this video was made by a Non-US, Non-Chinese citizen... I mean its quite obvious that this is in the US point of view. Morality is, there's always two sides of a story
So do I
He is Iranian-American
@rb5286 Well this only reinforce the comment point, you say in us and in China, if so where do you get fact about this? You actually traveled in China and witnessed it? Nah you paranoid about it so you will never travel to it.
@rb5286 And yet the US has the highest prison rate in the world. Btw tell that to Assange.
really informative, had to watch a couple of times to make sure I understood, great video
I swear I will pay way more to have this dude as my teacher 😂 he's so perfect in narrating issues and explaining it
He was so wrong though😭😭😭😭🤣🤣🤣🤣🤣
*Patrick doing it again* - translating complex topics into short and concise videos
@@anzaldo4509 Hey Ossein :)
All I know is Michael Scott was worried about China along time ago
Who is he?
@@thomasammond7994 Only the Worlds Best Boss Thomas!
The democrats were too!Now they're just more worried about hating/opposing President Trump.Even when they have the same P.O.V.!
Raymond Serpa - actually that is a lie. Under Obama some of that was dialled back. The difference is whether you want for it to go cold turkey (Trump) or gradually. Know that a sudden change can result in a big recession
@@stephenchisadza4975 A recession,witch is normal anyway,is a small price to pay for US dominance!China is out to dominate!
You have the best presentation style I’ve seen in long time.
Check out Official Valuetainment Merch here: vtmerch.com/
Your research is good but you forgot to mention few things :
First, there are a number of American companies that do business in China. Some of their goods are consumed in China, which are not calculated in the bilateral trade. You hardly see any Chinese companies in the U.S. but there are everywhere in China. For example, McDonald's, KFC, Starbucks, general motor,chevron, Apple,Safegate, Oracle and Tesla etc
Secondly, many chinese students and tourists travel to the U.S. than that of America. The service surplus is also ignored in the export to China.
Thirdly many exports to the U.S. are done by American companies so it's American companies that are benefiting.
I do agree that it's a power issue. The U.S. is leading the world with its technology and made in China 2025 is the biggest threat to its leadership. If that happens, no one needs American dollars anymore. The sad part is that the U.S. has so many enemies globally. China helped America back in 2008 but once American stock bubble pops out, I can only see China shorting it further while the American government seeking fund internationally.
Roy Blackburn KFC in china is owned by yum china which is a separate entity than yum brands in the US.
amc is Chinese owned
@@lordsaishu9157 already been sold by Wanda group
Yes, but these companies are disposable chess pieces. Chinese electric cars will replace Tesla made cars. These companies have transferred needed technology that will be used against them. Short term gain.
@@Stutterstun hi mate, Chinese company pays loyalty to KFC to use its brand. They are different companies but the brand is the same.
It’s OK to watch these videos but everybody has an agenda. Please be free thinkers
Yea gotta doubt the truth....it's so final....so non-manipulative.....
@@skip777 because he say it is the truth. sheep
Exactly multiple sources and different angles of looking at things always bring out another story. Stay awake! be safe bro
Aren't you really saying ... This type of thinking THREATENS my agenda so freely think anything but this ... Walter Hunter Rather than spew out fortune cookie proverbs (Y NOT) Redirect our thinking to align to yours & WHAT PRAY TELL IS THAT?? U empty bag of wind! STATE YOUR CASE.
metaldad2112 your momma taught me
this has already become my favorite channel in the past 3 days. very nice...
What a fantastic teacher... Love the way he explains complex topics...
Finally an entrepreneur explains it. All I heard about the trade war was republicans vs democrats smashing on ideology. Thank you for giving me powerful insights!
@Andersson Sebastian hence why he implied that all the other videos he's watched has a left/right dichotomy bias and this video brings something new to the table
@Andersson Sebastian Pat can't go through all the dynamics - not enough time, he has other things to do, and the subject matter is vast. This is a concise overview of the dynamics, and hopefully will impel others to dig deeper in the subject. For example, this is the reason why Trump is putting up billions in farm subsidy, to help with the transition away from servicing the China market. Many farmers anticipated trouble, however, and have either phased out the crop, or sold to expanded hog farming (or gone into hogs themselves). The soy "ban" by China is partly a result of China destroying its hog livestock - apparently culling for disease, and we're talking more than 3/4 billion hogs. So the US farmer is adapting to the changing market - interesting times.
@@spencerm5913 nailed it!
It’s not biased at all
Just facts
Only opinion we communism sucks
Well that’s a fact.
Andersson Sebastian then explain it from your point of view. Oh wait, you can’t combat facts? Typical democrat
Don't know who you are and you popped in my Q, thanx for the info, I just subbed.
Lol you idiots just lost 50 iq points watching this nonsense lol
@@larryvonsnellzer3249 mhm...the insult...the lack of any reason why...mhm must be the TDS...
boy you better hide that there are kids in the comment section.
Welcomed.
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@@larryvonsnellzer3249 Well LVS, tell us why we lost 50 iq points, I guess you did as well. So enlighten me as to why we lost 50 iq points. Or is it just the usual broad statement. I guess your own channel says it all. "This channel doesn't have any content"
You're very brilliant sir. I'm a big fan
Like a lot of people said, if our teachers had this energy we would all be geniuses 😂
Brandon Blackfyre I WONDER “ WHY , THEY DON’T TEACH THIS, AND BIRTH CONTROL IN ELEMENTARY SCHOOLS ? “
Exactly. Traditional schools, university and textbooks are boring, tedious, grueling --- and not effective. Online education is the future . . . but the educational industrial complex is fighting tooth and nail in blocking it.
It's all about making money. Power and politics are about money.
Henry White yes. Money is always the answer
its about what is best for America going forward
@@animalanimal7939 But once you have a toughest military power, you can grab such money from others acting as a rob, but not trade.
Right on brother. When Trump says we get a bad deal, most people have no clue what he's talking about. Being in business, I get it 100%. You did a great job here
I doubt he knows anything. But it's too late for renegotiating. Decades too late. China is spreading it's power without firing a shot.
@@jxsilicon9 the it's too late attitude doest really fly. What should the USA do? Rename itself to China? Something has to be done. I agree 100% that we have taken the backseat. We have not heard anything about trade agreements in the last ten years. Right before 2008.
@@JoeKyser
There are things that could be done in increments. But a massive change would require going against US oligarchy and China. Not going to happen.
but...muh drumpf stupid reality show putin puppet doesn't know what he's doing hurr durr
@@pseudonymous8702
Unfortunately he doesn't. So he depends on his corrupt advisors. John Bolton is evil as shit. He should've been in jail after Bush admin.War criminals keep committing more crimes when you don't punish them.
Wow, thanks for that! That was a whole year of class in 17 mins and articulated so well!
just curious, where do you get all of the stats discussed here? As I do my own homework, it is tough to determine real and fake stats. Anything would be appreciative.
There is no trade deficit with China. There's approximately a 40 billion dollar Surplus. You forgot the financial and service industry. When was the last time in the United States that you open an account in a Chinese Bank, or when was the last time you went to go see a Chinese movie, when was the last time you went to go see a Chinese basketball team play in the United States. China has the upper hand. When was the last time you bought insurance for my Chinese Insurance Company. China has the upper hand. When the last time you made an investment in a Chinese Investment Company. China has upper hand because all major American financial institutions are in China. Now what happen if China put sanctions and tariffs on those institutions? China has the upper hand.
Chinese gov is very authoritarian, and chinese people have experienced much poorer conditions in their lifetime. US people are not used to poverty, they will put pressure on the goverment to give in. It's a bit like Vietnam: US did not lose because they lack military power, US lost because they lost support at home.
We don't remotely need china though, our economy isn't primarily based on our trade with china as we buy things from them rather than selling, what china makes mostly is lower quality items at extremely low prices the majority of which are non necessity and have alternatives, most of these alternatives cost more but that isn't always true and often the reason things from Korea or Japan cost more is due to the quality of components and of course labor (but with most chip/capacitor factories being automated that's a small aspect with electronic components which is the primary chinese good)
You are right Rodrigo, also Chinese are used to dying by the millions because of what their one party system does and keeping their mouths closed by fear.
Thank you, very well said. As a military officer and aviator, I have been throughout the world, from the Prime Meridian to past the International Dateline, From Fairbanks, Alaska to Kito, Ecuador. I have seen how in general terms and per capital, the American people have a very good standard if living. People in other countries tend to make do with what they have and don't squander or waste their personal resources on frivolous items.
Recently, I was a Building and maintenance director for a relatively large school district. It was very irritating hearing teachers and administrators pissing and moaning because some of their offices and classrooms were 74 degrees, rather than 72 degrees. Yeah, they would constantly complain the room was too hot when it was 74 degrees and some complained when the rooms were actually 72 degrees. We would show them the T-stat was displaying the correct temp as compared to our calibrated instruments. This bitching about room temps is very frustrating for my men, who at times are up on rooftops for several hours a day, where rooftop surface temps exceed 140 degrees and the air temp is inside the parapet is about 110 to 120 degrees. This is just one of the countless examples of symptoms demonstrating the weakness of the new candy ass American character.
It really is telling, just how soft and sissified the American public has become. This glaring reversal of the traditional American character of 'rugged individualism' and pioneer spirit has been completely engineered and insidiously and innocuously executed.
To meet their Luciferian goal of a One-World-
Government and religion, the traditional concepts and notions of American liberty interests must be lambasted, ignored, removed and reversed. Part of this process has been the degradation of the image of the 'John Wayne' patriotic, all American personality type; this image has been replaced with the metro-sexual or the phony G.I. Jane or Captain Marvel psyops.
I can tell you from first hand experience, the military has made huge accomodations and lowered standards and softened up training and operational regimens to attract and allow women to function in the combat billets. The men who fought in places like Bastogne or Iwo Jima would cry in anguish to see or learn what has happened to their military.
The average mentally lethargic American will still remain ambivalent and uninformed because their bellies are full.
Ultimately, when the Second Amendment is removed and other 'thought police' legislation is enacted and when they have mostly everybody by the balls(chemically induced tiny balls), the draconian Agenda 21/Agenda 2030 edicts will be forced upon the public; then when their bellies are no longer full, the public may start to wake up, but by then, it will be too late.
TK Baha those are the people that are gonna stepping on you
Browsing the comment , it's always so eye-opening to see how ignorant American can become.
Americans are concerned about today...
China plans for the future...
We are in trouble :-(
Lance Snider Our leaders have failed us miserably, and yet, everyone is still so excited to vote for their democrats, or their republicans. Stop voting people. It’s pointless
@@ickdon7999 The fact that you are motivating other people not to vote says alot about your lack of understanding on how things work, without it we would have no liberty, and that my friend is something always worth voting for.
@@oscarpatin4174 CHINA IS GROWING FASTER THAN USA INFACT ITS THE FASTEST AND ITS RULED BY THE COMMUNIST ITS SHOWS THE LEVEL OF LIBERTY USA HAS
Oscar Patin This country was bought, sold and paid for a long time ago. The fact that you think we have liberty, and voting means something, shows your typical, American ignorance. Politicians are put in place by their corporate puppet masters, not from voting booths. Wake up you sheep
If you vote Andrew Yang you can catch it up, it is about who can hold on at last right? Trump can’t do that
sir, you have told the entire trade war in a nutshell. you are a great trainer i have ever watched. congrats
his charisma can sell anything
conspiracy theorists are already like 5 steps ahead for years.
Meanwhile, Little Finger waiting in the shadows: Chaos is a ladder
You do remember what ultimately happened to Little Finger, right?
@Beck W - Please explain to me how having one's throat slit is winning.
@Beck W in reality lol
This is amazing! The content this guy created. Informative, thorough, interesting
Good for you
with social distancing going on I'm watching so many of your vids! thank you
*I heard that the total trade volume with the United States is only up to 4% of China's GDP in 2018. Much less than the percentage share of Canada's and Mexico's GDP.*
Oh well you heard completely wrong it's about 20% of China's GDP.not only that people in the US now or saying they will no longer buy Chinese products ever again a big problem for China because the US doesn't really need trade but China does.
well consumers don't really get to know where parts are being made; they just know where final product is assembled. So even if they don't buy Chinese products ;they may buy American product who get 90% of parts made from China. So it's more like marketing effect than actual one if it stays at this level alone.
@@matrixfull the US Congress is talking about big red labels with an extra on them for anyting made in China
@@MostHigh777 You certainly have no idea about globalization. Try removing everything made in China from your home and see how many items left. All governments are evil if you give them more power. Yesterday it was CCP, today it is Trump administration.
@Szilárd Maku another ignoramus. The current price differential is $84. It was 212 24 months ago. When the robotic factories get here they'll be no reason to manufactured in China at all.
Mr, you have a big misconception about deficit of trade. Import goods value and export goods value don't reflect the whole trade balance. When our US companies invest in China or make goods in China, and then we import the goods made by US companies in China. The profit for US companies was not calculated in the trade deficit. Don't mislead and fool audiences!
@david stewart the crime rates in super low if you really updated in this. There is no crime, which failed to be resolved within two weeks. Its no joke.
Yes Trump pouts tariffs on US companies that produce in China.
China in the meantime is shipping his goods to Vietnam and there they label there goods made in Vietnam and therefore don’t have to worry about tariffs.
Precisely evident in this debate is the fact that the American system feeds on propaganda.
the guy is a hack! just another trumper!
Talks like a snake oil salesman. I stopped listening after the 5 minute. Spewing misinformation and half truths.
"China doesn't have as many conflicting statements as Westoids do with different parties, thus whatever Westoids say about China must be the only truth."
Thank you, I'm a senior and I wish I was schooled by you sir!
You are dope... a whole semester learned in 17:29 minutes. Liked!
Haha
Luka M. Boomer
He’s making a hard topic easy by using simple terms because he’ll get views/money. Professors makes a steady salary so what they want is prestige and respect so they purposely make topics harder because they want to on another level.
Loved!
As far as i know, jobs do not come back to the US but go to other cheaper countries are they?
True to some extent.However the country like VN Thailand doesnt make profits but Foreign companies like China japan korea
If you are talking only about labor productivity jobs, Yes, these jobs don't come back.
In a perfect world for U.S. dream, This country should be the Entrepreneur who hired employees (Countries Like China) to do the labor, so then we can sell our goods to Consumers (European Countries and South America).
Now here is the dilemma and the truth, U.S. is the Entrepreneur, China the Labor force, but the biggest consumers is not the rest of the world, it's us the U.S. and on top of that China had set the rules? It's like saying the employee sets the rules on how much to get paid and do whatever they want and have more leverage than the Employer? This is why we are in this situation!
This is what happens when people puts in charge of the country that don't know anything about Economics, Finances and Business!
I'm talking about the Executive and Legislative power!
It's like putting in charge of our military forces people that never even served in the military! What do you think it would happened?
@@cesare7101 only seems trump the idiot will put stop on this.. sooner or later USA companies will not be able to sell anything to China...
It makes a big difference depending on the industry. Toys and small items won't be back unless the jobs are automated. Big ticket items (or complex, expensive items) could feasibly be produced in the US. This is one reason why China 2025 strategy focuses on advanced technologies (which are inevitably stolen technologies). It's a good strategy for China's hand right now. I can't imagine companies deciding to decline growth prospects in China, so they will continue to willingly give up their IP.
Its ok as long as the job not going to china... thats what the clip say
Very well explained! Thank you very much.
I ended up listening to your youtube channel in one Day ! Just because I saw one of your video , You are awesome !!!
I guess this guy has never been in China in the last 20 years. He was describing the 20 years ago China.
This guy have not been to US for the last 20 years. He is talking of free(!) press in USA.
This video is so ignorant on economic principles that's very difficult to criticize it since I don't know where to start. Just let me point out that: 1) trade deficit is a meaningless metric; trade means exchange of one good for another one. Deficit only means that the other country is taking the papers and that we are keeping the goods.
2) if America intended to make iPhones in the US or even outside Chine it'd make iphones so expensive that Apple would break. The whole idea of thinking about manufacturing as the way of becoming rich or having a middle class income is bananas. That's not how xxi century works. Those jobs are already lost to machines. People have the alternative to train themselves and to move to another state or country.
3) If this was a struggle between American freedom and Chinese repression then tariffs make us lose since tariffs are taxes and taxes are a contradiction to freedom.
👍
i made a long comment on how he is misleading his audience by omitting info and cited my rebuttal and he deleted it TWICE, this is some propaganda BS
Mr. Bet-David, what separates you from any other intelligent people is your ability to breakdown complicated subject matter in such a way that any audience understands the message. Finding your channel was a God-send.
Mark Moss is even better
“Politics is all about POWER” interestingly I came to that conclusion only recently thinking I have solved a riddle only to know that it’s a known fact. Thank you for confirming it. God bless
This video is a good example of you only know one side of coin and you insist they are the best. Good luck to you.
crazy10bears first of all,this video already achieved the basic lesson level, good video, exactly.
If you wanna know more, you can read some classic economy books written by Adam Smith and Mankun.
A little bit of complex, I can’t tell in short.
haha 88 How about you make a video and present the other side of the coin?
Running Hamburger why would he do that? Lol. Keeping the Americans ignorant for longer would serve China better
All these calculation are wrong, Chinese for sure spent very much more on US products compare to American buying of China Products, just add in those US companies in China, they produce locally and sell locally, amount Chinese paying for US products can be double of American paying for Chinese products.
Is that your opinion, or can you prove that with hard facts??
Pat! No one explains anything better to me than you do and I THANK YOU for that!!! Thank you!!
Thank you for making things so simple and helpful. Keep up the good job.
Yes, it's totally about which country can hold longer and get more leverage but normal people will pay the price. No winner
@ken ho not even close you are a joke, get off TH-cam
Agreed, BUT GREED MOVED THE MONEY out of the US. if 10% of the Chinese can buy Nike shoes, NIKE can move out of the US if they please. So what gives.
Patrick David, youre like this great uncle who tells amazing stories that would capture anybody's attention
I am a trade consultant in Iran. You are great in explaining various subjects, keep up the good work.
Wow, I luv u to be my teacher in ECONOMICS. My present teacher makes me fall asleep sometimes.
This is not economics. This is well-organized nonsense. Do some more research or pay attention in class and you may begin to understand why. Here is a start: th-cam.com/video/zv5SiQpG6sg/w-d-xo.html
You made it so clear, thanks for the hardwork.
You must have very low IQ to believe this idiot lol
@@larryvonsnellzer3249, you don't sound so smart yourself.
Larry VonSnellzer it would be more convincing and reasonable if you can explain why you think the speaker of the video is idiotic?
Me: Spending 100k per year at Ivey...
Me: Learning about the real business from a youtube channel in stead...
*fact*
Hey Pat, You're doing a great job. keep going as people with vision are really getting you. Kudos to energy and information!
Thank you, subscribed. Keep up the good work. 👍
Well this should be coming out to each and every American to understand what was/is happening to their economic. A great presentation and well explained.
@Jonathan B I guess you might misunderstood of my thoughts.
Bullshit America did this to itself, USA back in our day was a well oiled machine because we had the best economy in the world and the best state in the world new York and the wtc, once that happened once the towers went down everything else went down. We started doing more business with China as a helper to aid us through the cold times in our economy, and we helped China on being the #2 economy country in the world. The us economy hasn't recovered and people know it. I know my dad lost his job in 2003 due to China and them taking over the company.
Jonathan B ????????
ohhh yeahhh Trump agrees, we did this to ourselves. Now let’s fix it!
I’ve learned more from you than any other person. Ty for helping us understand all sorts of political topics.
I learned more about how the world works watching just a few of your videos that I have in an entire lifetime going to traditional school
I watched a video on Trump saying he’s the chosen one and then this one came up....I finally understand what this trade war is about. Thank you for breaking it down...I subscribed!
FAKE NEWS: Trump said he is the chosen one to take on China because none of the other presidents have
Sound Bits would have you believe he said he is the magical chosen one from a movie. For the record he was chosen to be in a position that can do something about China
Ummm yah he was the chosen one chosen by the people of the United states. Stop watching fake news. He immediately caught that the reporters are trying to convince the dumb public he ment the messiah which he verbally denounced and said he never said it to mean that.
True.Trump is The Chosen One...Chosen by Putin
@@stuartflowers4474 Hello, Chinese bot
@@goforward4442 he is a Chinese bot.
This guy is a troll. Also I am not endorsing China, but the way your present things is like you have arguments against China. Remember, all these fast productions in terms of volume, price, competitiveness, would not have been possible without CHINA. Also you need to read more about Facebook, fool
No bias pure informative content i like you, you got one new subscriber.
Thanks for spreading knowledge! Keep up the great work, brother!
Playing Metro is dope, gonna get some breakfast here soon
You simply can't afford labor in the US.
wrong again!
@Shopping Jackster ,
You are correct. We can afford to pay american workers but not their lawyers damage. Big bucks to defend against lawsuits and to pay outrageous settlements. Motorola used to actually assemble cellphones in the USA. A lawyer for a minority working there won a $ 1,000,000 discrimination lawsuit for not being promoted. She got 700,000 the lawyers got 300,000. The following day all 300 minorities filed suit. Motorola was looking at a $300,000,000 expense for trying to provide decent jobs. They closed the plant and moved assembly to China.
Lawyers do not create wealth, they steal it from everyone.
@@williammartin2842 : Motorola is on the List because they treat women the same way in China that they did in the US. The Chinese women didn't go for it (discrimination) either. Go figure!
OMG!! you are great! You made it so easy to understand one of the complicated phenomenon..
I love if my lecture had good energy like this video.
so we can come up with 1.5 trillion for student loan forgiveness, but not 1.3 trillion for china?????????
No, we can't come up with that shit either. Don't listen to those Socialist fools.
Lord Byron they are just pulling shit out their ass with that loan forgiveness
We can come up with !.5 trillon to bomb china or anyone else..
USA..USA
just wanna add some more point because i dont think you are addressing the full picture here Pat please read this because things are not as simple as the mainstream media show it :
1.let's start with the trade deficit because no one is pointing out that the way america do business with china is different than the way they do business with us most american company dont export their good to china they SET SHOP OVER THERE and produce their product and SELL IT in china just think about apple for example iphone is being made and sold over there but the money come back to the us or go to irland you get the point
So when you here about the trade deficit thing it's not showing the full picture here is an article cnbc did that elaborate more on this with numbers
www.cnbc.com/video/2019/05/21/forget-trade-deficit-heres-the-number-that-tells-a-different-story-of-us-china-trade.html
2. About the who need the other more issue yes it is true that NOW a lot of china companies need the us as a market but you are forgeting that china is still a growing market the middle class is exploding over there while here it is shrinking and china started to switch their economy toward a consumption model back in 2014 anyway
www.bain.com/about/media-center/press-releases/2018/china-pushes-towards-a-consumption-driven-growth-model/
3.finally about the leverage issue and i just wanna say that im no chinese chill but we cant hope to win this battle without a clear strategy based on a real understanding on the issues we are facing the chinese have a plan just like Pat said trump doesnt seem to have a plan and if he think tariffs alone are the plan than we are truly fucked
so about the leverage that's actually where trump plan fall apart because china can withstand tariffs not just for another year or two but possibly even for a decade and by then the picture of the world will be totally different THEY WONT NEED THE US ANYMORE
Regarding your first point about CNBC news, this isn't entirely true. I had lived in China for 10 years and foreign companies that set up shop in China can't sell their foreign products in China unless it is exported out of China. Foreign companies operating in China must export their products out of China and then import their products back into China. It is a very strange system because these products are made in China, but yet, they must be exported out of China to be legally allowed to be sold in China. This is also why all foreign products in China are more experience than local products, somewhere around 15-30% more expensive.
@@chinaprise 👎
@@chinaprise It is called Processing Trade. Processing trade refers to the business activity of importing all or part of the raw and auxiliary materials, parts and components, accessories, and packaging materials from abroad in bond, and re-exporting the finished products after processing or assembly by enterprises within China. It is not General Trade. The market orientation is different.
Emmanuel Mercado it doesn’t make sense: China consumes the most luxury goods in the world nowadays. And by luxury, I mean european goods made in Europe. Also we can sell more high tech products to China if deficit is really the matter, but, we do not, for fearing it helps companies like Huawei.
th-cam.com/video/GNwoOo4LByg/w-d-xo.html
th-cam.com/video/UaB4go7SPaI/w-d-xo.html conservatives just got called an extremist by cbs like for no good reason,being called an extremist is like being called a terrorist & calling conservatives extremist endangers the lives of conservatives,download video & other video exposing the msms as radical nwo terrorist synthasizers that had mixed reports about the vaccines for patients & lied about linking the info about vaccines & spread the word.
Thankyou for this video, I learned a lot and it will helped me in my incoming report.
I wish I had a teacher like him.
You have my mind racing with so many new thoughts and data I love it!!
there is nothing much new he told
The unemployment rate talk shows that while this is a great video from a financial analysis perspective, he doesn't actually know the Chinese system at all.
"Socialism without Chinese characteristics" isn't just a catchword, the Chinese take it quite seriously. Whenever the government detects regional unemployment getting too high, they create a large number of low paying work thru state-owned enterprises, social services, community organizations, etc. The wages suck, but it's enough to sustain basic needs and keep these people busy enough so they aren't forced into crime. That's why unemployment rate in China is so stable -- not because CCP is making up figures.
China is a capitalist system built on top of a socialist state. Using pure market analysis on them SIMPLY. DOESN'T. WORK.
Great explanation! I was thinking of doing it myself, but then I went through the comments! xD
I agree. PB-D doesn't say much about quality of life/poverty. Our country has a privatized utility system and mortgage backed securities that mean Americans can't make a living wage from building furniture. In our country, if you're making said furniture, it's either out of recycle pallets for flea markets, or it's polished driftwood for hipsters riding their parents coat tails. They also have a more lenient attitude when it comes to pollution/industrial waste. But, once they actually earn enough money to take vacations that will probably change.
Socialism = workers owning the means of production, and communism is stateless, so how do either of these come in to play in China. No where did Marx state anything about state capitalism.
Yeah we know about your ghost cities, over production to keep busy. But that needs money....extra money which China has right now. What happens when it reduces due to trade war?
CCP doesnt fear crime, they fear a billion people revolting for more freedom... What will happen then?
Its a timebomb ticking. Only way for CCP is to expand and expand, but Trump is in its way.
As a matter of fact, China is creating new job opportunities for poor people. Like gate guards, subway monitoring guards, etc. China has a increasingly better social security policy. Even if countryside people can afford the cost for big sickness, as they can ask government to pay over 80%. I am confident China will become better and better.
You have a great way of explaining things.
Great way of breaking concepts. Mr. Patrick knows how to interact with the topics he's dealing with. Vivid explanations. Well done.
I don't know about others, but as a stocks and forex trader this US /China trade war is really taking its toll on my earnings 😥
I didn't think stock trading to be a very profitable venture. Now all that has changed since I started trading both stocks and forex under Lucas Anders.
His expertise & analysis really did for me and I'm still earning. Best to give him a try Taylor.
Ikr he takes profit earning to a new level. He manages my stocks portfolio and the payouts have been good
these accredited investors are making high end and private securities available to everyone it seems. And they seem to know something the regular average traders doesn't.
@@martinherbert3039 My portfolio still has me withdrawing €8500 twice a month. It's Lucas Anders all the way for me.
This guy surprised me, level headed, non-political, extremely informative. couple more excellent videos and ill subscribe. liked.
Good one, he breaks it in pieces... When you hear teaching, this is it.
I eat the &urbox very tasty
Standing in front of a black board makes you look smarter.
Get lost
Maverick Shaq like go and watch the show lost on Netflix or go to some place I don’t know my way home?
@@AceDeclan I hear the show was good. I am only saw a few episodes when it was new lol
Do i get college credit for economics by watching your video.
😂
China will be split into 20 country by america
Lol did this moron do this video during his break at his job washing dishes lol
You lose credits watching this guy. I've rarely seen so many economic falsehoods in one talk.
@@oaaisjdujsi Indeed, people shouldn't pay any attention on China, they are poor and there is no industry in China.
Thank You! In plain English. Now I know what the hell they are talking about.
@Matthew Madruga, you are right. Hallelujah, finally, I knew I couldn't be the only one that sees this crap as stinky instead of polishing until it shines. 🖖🤘🤘 Good luck, keep up the logical fight! Cuz everyone else has lost it.
He completely ignores lasting effects on foreign trade and how all these tariffs are destroying our connections to different markets. We had a plan and we were working up to having us and our allies working together to stop china's bad practices, but Trump just does it by himself, and he doesn't even clearly define what he wants.
@Matthew Madruga he isn't right leaning, you are completely wrong about that, he spent an hour defending Democrats when he interviewed Dennis praeger. A right wing person doesn't defend the left when interviewing a conservative, and the majority of his videos has absolutely nothing to do with politics.
Trumptard much lol
@Mika-Corp We need Trump for 4 more years. He got us into this fight with China and Iran, and he needs to see us through to victory. If someone else comes in, they'll need to catch up on everything Trump was doing, and by that time, China will have a greater advantage.
Best Teacher ❤️❤️❤️❤️❤️❤️your explainations ‼️‼️‼️‼️
Damn! I just love the way you breaking this down, you're the best
This video should be mandatory in high school.
Exactly they should have a current history instead of shit the happened 100 years ago thats irrelevant now classes
Won't be allowed in the indoctrination institutions.
@@Iceisthegoat wrong.
The scam of the United States and its wealth has been going on for many decades it's only gotten worse since after Clinton administration of China inside the club. Trump wants to even the playing field oh, what's wrong with that. Unfortunately emotions and rhetoric brings down the market cause you more hysteria and hatred towards the man. Remember he's not a politician he's a businessman
@@gabem6362 how can my opinion be wrong lol. Makes no sense but ok
Simple answer, America does not want to export high-tech staff . The low tech staff, China does not need them.
This aged badly, the US has lost the trade war
I love this guy, smart and informative! Im sure no expert, but he makes a lot of sense!!
Great presentation and we'll thought out. Loved all the information, much appreciated
The O.V.V. Jon we all thought out, not true dude. I can def say I didn’t think any of this before I saw it. 😂
A mountain of random “facts” used for a very specific agenda, I was a little worried at first until I did a little research into this guy and came to the conclusion that he was a “don nadie” as they say in Spanish (even wikipedia is in the process of deleting articles). Even the basic economics I did at school back in the 80s was enough to realise this was a load of crap. Even Trump’s puppet in the UK, Boris Johnson, said at the G7 conference in France that Trump was making a mistake. Trump is having to subsidise American farmers as a result of tariffs and the average American household is spending more money because of the trade war, adding insult to injury for the fake tax break Trump promised them. Will they ever wake up and smell the coffee (as they are so fond of saying) I think not.
@@nickbriggs6821 Wise men
@@nickbriggs6821 china funded democrat?
Nick Briggs whos spending more money? certanly no one I know. There's not one person saying they are paying more for same products.
what i can tell U yr vision and information is outdated
He's a great businessman but tends to fall a little short when it comes to politics.
As you can see, this is emotional.. He just want to support Trump and his beloved country.
@@missabella1235 he look like Iranian to me
@@hello69468 If is real, this is disappointment. While his own is being sanction by Demon.
We're not just "giving them money" when we import; we're _buying_ stuff with that money, cheaper stuff.
Thanks Man, Shared it, God Bless