Soros encountered his Waterloo twice against Hong Kong, Kyle Bass once. the second time was quite interesting, Hong Kong Stock Exchange experienced system difficulties and had to shutdown, to prevent their escape. the built up by Kyle Bass all came to nothing. haven't seen him on the net lately.
You may not believe that the Chinese government is by the people, but it is definitely for the people. Its policies focus on people ownership of things in transportation (cheap subways, bullet trains, and highways), communication (very cheap WIFI network), and finance (for education, housing etc.,). Government is the guardian against monopolies and ensure fair competitions. It will break up companies monopolizing the sector such as Alibaba. When there is a housing bubble, the government bail out the people and let the speculators bankrupt, as described by you. You may believe the US government is by the people but it is definitely not for the people. It is for the 1%. It makes rules so capitalists can collect rents from the people: poor public transportation systems, expensive education cost, medical care costs etc. Corporations are in virtual monopoly situation so they can charge whatever they want. There is virtually no competitions for firms like Google, Amazon, etc. When there are financial crises, the government bail out the capitals and let the people suffer.
The Chinese Communist Party is the largest political party in the world with over 100 million members. It also isn't a passive paper party where you pull a lever every 2-4 years for some professional politician like we have here in the US, you have to actually do political work towards party goals to be in the party.
what matters is that CPC have no intention to spread its manifesto, it's always maintained their system is good for China, it does not intend to be the alternative, but simply that alternatives do exist. China couldn't care less what anyone else does outside of China. In complete contrast, democratic west is so democratic, they will force everyone to adopt their values or else. @@kspfan001
Must admit it is extremely rare that a member of the Wall Street community would talk about the financial plot. And it is even rarer to see a Wall Street person to talk about morality which has a conflict of interest for any money guy. However life experience has shown me over the decades that the American capitalists would go round each country to short sell its stock market and laughingly walk away with obscene profit. They have done it to even European countries, Japan and many Asean countries with modest success. One thing that stood out was they didn't manage to replicate the same degree of success with Hong Kong after it was handed back to China. Unknown to them Hong Kong government had unlimited fund from China to neutral the raid to Hong Kong stock market and its currency. People like George Soros live with regret that Hong Kong was among one that got away. It is still an early day about the short selling the Chinese market in early 2024. The early indication is the American speculators got their fingers burnt again. However this time of short selling China may not be all to do with making a quick buck but could be due to the necessity of saving the ass of the dollar at home. 2024 is the year hard for the dollar because (1) The Treasury has to sell over $10 trillion bonds to fund the national deficit and pay for the treasury debt maturing in 2024. (2) The real estate sector has to re-finance $3 trillion over a period of 6 years necessitating at least $300 billion annually at the time when the offices are getting less occupied, malls are becoming empty and the commercial real estate values are dropping off a cliff. (3) A large number of US banks have not yet overcome the on-the-book losses from the drop of the low-yield older Treasury bonds when the Fed Rate is running at 5+% interest rate. Then a huge losses have to written off when real estate commercial properties are about to crash. Many banks are already in danger of going out of business and the Fed has already said so. (4) Americans are now carrying $12.3 trillion in mortgages. $1.6 trillion in car loans. Another $1.6 trillion in student loans. A record $1.1 trillion in credit card debt. This is about $6,000 per household. The key is when the US government tries to sell at least $10 trillion debt in 2024 there aren't enough wealthy people willing to buy the debt and that is exactly why the Feb wants the interest rate increased or to hold unchanged because at the end of the day it will be the Feb who has to eat up whatever Treasury debt left unsold. Thus the wealthy American capitalists have no choice but to liquidated their assets, even at a loss, to bring the money back home to save the dollar. If US treasury has no buyer all hell will break loose. In any case if the wealthy Americans can make 5+% from their capital they would mind call it a day! The American capitalism is good for people who can manipulate those less fortunate and less smart. Yes it make US rich but the wealth goes to the small few. Most people in US are just making money for the top 1% at the top of the food chain. It is obvious to me that China has no intention to do the same. China has been remarkably disciplined to ensure the wealth is shared out much more equitably than the US. It managed to take 800 million people out of poverty, charges the lowest electricity tariff, lowest metro fare and lowest HSR fare among the industrialised nations and run an affordable medical care system that everyone can access. To me it has also been successful in keeping the US Wall Street speculators at bay.
Excellent assessment and very accurate in my opinion. I live in china and lean more towards the way they do things here. I thin any sober American willing to look at the reality of the situation in the US vs the BS they're fed by the gift should realize its a sinking ship. Sure its a flashy ship, lights, music, flashy but in my opinion its sinking. The social fabric is coming apart and there's little the taxpayer received for his money. They can't even offer safety.
Wall St's Masters of the Universe realising not everyone plays to their parasitic games, good on China and hopefully the global south see that too, despite Argentina falling by the wayside.
Soros and Bass got their posteriors handed back to them on a platter. actually Hong Kong Stock Exchange experienced a breakdown briefly to prevent their escape.
Well said, Kevin. The US no longer does the hard things that grows the future, instead, we do the things that make quick and easy money. And we put up a good front to deny reality.
The point is: the Chinese Government is trying in every single way to help her people while the US Government is spending Americans' money for whatever she likes.
Great lecture. I believe President Xi truly loves the American system……the old system that you described. He stayed in some smaller town, saw contented people….not overtly rich but contented, real and hardworking Americans.
but we are controlled by oligarchs now. The tax system is designed for them. The so-called free-market system is rigged so that they can have an unfair advantage. Trading means emptying your pocket instead of selling for a fair price. The richer got richer not because they are smarter, but because the system was designed for them.
Spot on! The PRC gvt - in one fell swoop - cancelled the " educational stocks" that preyed on the family in getting private tuitions for kids. They were so hot the Spore gvt sovereign funds jumped into the wagon , ignoring it's social costs to the people of what it is experiencing at home. Guess what? The Spore sovereign funds lost huge...but it is the people's s money coming out from the HDB public housing MEGA scam. It is now a limitless revenue generator for the gvt, leaving no value in the flats at end of tenure.
This was very insightful. Investing in a local burger business than investing jb McDonald make so much sense, I never thougt of that. The local business will employ locals and the money circulates locally, makes sense. This is why all the indicators says the USA economy is great but many people dont feel so. Cheers from DC
Yes. It is easier and less risky to buy existing stock, but essentially you are just buying a share of the existing pool of income. This is not the same as investment which grows the total wealth.
I think the term is cannibalization. my elderly mom and her husband sold their house in Westlake CA to move into a small condo in Camarillo. They had good credit and they had down payment. They were unaware but they had been sold a subprime mortgage. After he died, the interest readjusted beyond what her annuity could pay. Not long after she died the bank foreclosed. Washington Mutual was selling subprime mortgages to everyone.
How is that communism ? It's like the world have turned upside down. What he mentioned is what we here in the West use to do and know. Some how we have become a giant monopoly. It is no longer decentralized. I saw that years ago. Every time Walmart move into a community. Walmart end up killing all those small business such as the Mom and Pops businesses . Decentralization = competition and innovation.
We were married 60 years ago this year. My grandson married last year at the same age. He and his wife are worse off than we were 60 years ago though better qualified. This is neoliberal economics in action.
WRT the oil example, in most places, property rights only go so deep, if at all. America is more the exception in granting unlimited depth. Given that oil and minerals are irreplaceable, it is absolutely correct to treat such natural resources as national resources. After all, those resources are defended by the nation, if some other country comes in and takes them, the nation will never recover their value. In China's case, owning ALL of the land and resources is the correct approach to maintain long-term national prosperity, rather than strip-mining everything for short term gain for a few.
"When we are going to realise that the reason wall street has great, record-breaking years is because main street is being bled dry" this great sentence sums it all..................very wise and extremely realistic sentence
As an Asian American ex-financial professionals who have spent years in Hong Kong and China, I knew all kinds of tricks played there and avoided financial assets, especially stocks and bonds there. Many of my Chinese financial friends know these too and avoid as well. However, most Wall Street financial firms don't use Chinese speakers to do due diligence and research (most of them working in IT, Quant, etc.), so the loss is doomed right from the beginning. It was funny that even in Hong Kong, many research analysts do not know Chinese, do not go to groud research, and blindly trust so called financial statements provided. These firms choose their approach, and their losses have no one else to blame😮
Looking at the bigger picture perspective (in general), in the US, "What's in it for me" did make some guys rich but the country gradually sliding down as a whole while in China, the government leads by "What's in it for the country", hence the 40 years of progress which no other countries could achieve till today.
I saw a rare China analyst on some mainstream news channel recently (NBC maybe) who said something to the effect of, the Chinese always tell us what they're going to do beforehand but we never believe them. (The other analysts on the show either ignored his point or mocked it.) It was so funny for me to watch mainstream media in the west screaming for years that China has to bail out its property market or its whole economy will collapse. They made it sound like friendly advice from countries that love the Chinese economy and would just hate to see it fall. Their owners wanted a bailout, like they've come to expect. But it didn't happen. Thanks for your video.
Exactly! All the negative news about evergrande in the west is actually about trying to get Chinese gov to bail out the company and they can get their bond payment back.
You explained perfectly how to build a strong, solid society - invest in your neighbors' creative potential to build socially supportive businesses. Your channel is packed with perspectives that can wake up the average individual. I will enjoy seeing your channel grow, educating everyone who cares about a strong society.
How true... i have worked in Singapore for over 30yrs and seen how it morphed from an eastern way of doing business into a western capitalism system that destroyed jobs and business. And now, its economy feels stagnant ...
Spot on! The gvt is now taxing more from its people, and even " robbing " em of their life savings in public housing flats to the tune of a million each during its 99 yr tenure.
Google is blocking people from commenting unless approved by their guidelines. When you are blocked, Google doesn't point to the specific comment(s) that prevents you from commenting further unless you agree to Google's accusation(s) of you.
Another amazing video! I recently listened to macrovoices interview of Louis Vincent Gave. One stat he listed blew me away and made have cold sweats! The US is 18% of world GDP, its equity market (stocks plus bonds) is 70% of world equity market. While China's GDP is is nominally 16% of world GDP in dollar terms and its equity market is only 6% of world equity market. How is this sustainable?
The STAT you gave appears to suggest that the US is extremely good at trading stocks, while China is almost negligible in trading stocks, despite the fact that their respective nominal GDP in US dollar term are rather close. The figure70% of world equity market surely makes the US the world hegemon in trading stocks of the world. But what do you mean by asking "How is this sustainable?" ?
equities / stock trading gives a false sense of value. the real value is in value creation ie manufacturing mining plantations etc where actual value is created not just numbers printed on paper
@@resnica3557 The percentage is for the valuation of USA equity market as a percent of world total value. Not volume of trade. To illustrate this number was 40% just 5 yrs ago. This is due to inflation and money printing. Thus unsustainable. Go listen to that podcast by macrovoices.
Im in Taiwan. There is a everyday propaganda about how bad China is. Everyone believes in it. They might not be dumb, but these American big fund managers are princes in America. Fed listen to them. It's too troublesome for them to invest in China.
This deserves more views. You understand what has gone wrong with western economies, and this gives me reason to trust what you say about China. I never imagined that the Chinese government could be acting against monopoly power; I simply accepted the narrative that they were seizing control. In contrast, my American Republican friends say they are for small government and checks and balances but then they do nothing about these enormously powerful corporations which have corrupted the government; they even laugh at the thought of breaking them up like was done in the past. I find it strange and disappointing (I am from the UK where the understanding of economics appears to be even more unrealistic).
Kevin, I am so glad that an American with your intellect is inside China to digest and understand the financial markets in China. Thanks for sharing, keep up the good work. Greetings from Singapore
Your channel just came up today. I had no idea from your signature that you were a money guy? But, after listening to you, I could tell verbally and nonverbally that you were a goat. And I just listened to you for the second time and your not a goat but a truth seeker😊 and that’s good. A man’s reputation is great of in my book! I signed up to here your wisdom and knowledge!! Good day😊
In the multi-polar world China is promoting, countries have choices, the freedom to choose. However USA does not support this multi-polar vision of the world, and quoting Blinken here: ”if you’re not at the table in the international system, you’re going to be on the menu”. 😂
I own stock in a chinese company and it's close to the bottom of its price. I intend to keep buying at the bottom. The chinese are doing great with technology.
Being slick is for fools, and many applaude, being "snart" is humble, many call it stupid. One is bound to fail, the other weed out the fool in a tranquil way.
The foreign money are fleeting because the geopolitical situation and the voice of “coming collapse of China”. Chinese government waited until most of foreign money left and then jumped in to shore up the market. The moral story: it is not wise to speculate in Chinese market. Invest for long term instead.
"we have forgotten it...." Right on point mate! We don't do Capitalism anymore, it looks more like Italy before 1940, if you see what I mean. And still, I am a libertarian, a Christian libertarian. Business, ues, proffit yes! But give it all vack to the young generations who needs it 🤷 I'm not talking about the "dole", handouts generally offered by politicians to buy votes 😏 I'm completely with you on this! 100%! 🧐
I've been following a Chinese TH-camr for quite a while, he recently went all out (went to the banks gather all the funds) to scoop out the index when it's below 3000, yes, when Wall Streets were exiting. 🤣🤣
@serriajohn I am sorry, but China doesn't have to bail out the US again. Back in 2005, China's exports to the US was about 50%, and today China's exports to the US is about 15%. China is diversifying by sending their goods to markets in Asia, Africa, and South America. As time goes by, China's exports to the US will go down as China's exports to other countries increase.
@serriajohn The US is becoming irrelevant. Countries can simply conduct bilateral trade, they don't need the US dollar. There are a lot of US dollars in circulation in this world. I do agree the US dollar will be used for sometime, but it will not be used indefinitely. Countries that are friendly to the US will continue to use US dollars, and countries that want to conduct bilateral trade will do that too. One thing is certain, the dollar will greatly be diminished as a world reserve currency in the next 10 years.
@serriajohn Ain’t gonna happen, bailing out USA will mean ww3 at their door step. They will prefer American go bankrupt and stop its hegemony around the globe.
Thank you very much for educating us,the public of the most fundamental knowledge in living . That is to manage one’s financial affairs reasonably well. We should not gamble our future and our life . And we must not gamble the future of our family security and the futures of our children . You have given us the golden facts and truths that modern day’s stock market short term valuation do not reflect the well being of the collective and public economic situation . It is alarming that stock market index do not represent the financial status of majority of the common citizen.
This type of honesty will fall upon deaf ears in the US as this economic model is the definition of the American dream/lottery. Unfortunately dreams rarely come true and so are the odds of winning the lottery. Most people plan for reality, not for dreams and lotteries. But the government and the wealthy are livin’ the dream so they will hold on until the revolution.
I know that but does that mean being in the ground in China and talking to people? That would be a deal breaker for lots of investors. It would be nice if there was a Chinese ETFs that invest in start ups.
You made a lot of really salient points here, I think you highlighted a lot of the symptoms of rampant corporatism. There is no US government left really, it is just the administrative wing of the capital owning establishment.
If a few people have a lot of wealth, they can influence and even control political processes for their favor. Ordinary people will have no upper ward mobility. The whole country will stagnant and decline with time.
Its heart warming to know Wallstreet can't beat the Chinese economic might.
Soros encountered his Waterloo twice against Hong Kong, Kyle Bass once. the second time was quite interesting, Hong Kong Stock Exchange experienced system difficulties and had to shutdown, to prevent their escape.
the built up by Kyle Bass all came to nothing. haven't seen him on the net lately.
Imagine all the tricks that Wall Street uses on countries to control them… all of which failed on the Chinese markets. 😂😂😂
You can't beat real production of stuff with fake money.
You may not believe that the Chinese government is by the people, but it is definitely for the people. Its policies focus on people ownership of things in transportation (cheap subways, bullet trains, and highways), communication (very cheap WIFI network), and finance (for education, housing etc.,). Government is the guardian against monopolies and ensure fair competitions. It will break up companies monopolizing the sector such as Alibaba. When there is a housing bubble, the government bail out the people and let the speculators bankrupt, as described by you.
You may believe the US government is by the people but it is definitely not for the people. It is for the 1%. It makes rules so capitalists can collect rents from the people: poor public transportation systems, expensive education cost, medical care costs etc. Corporations are in virtual monopoly situation so they can charge whatever they want. There is virtually no competitions for firms like Google, Amazon, etc. When there are financial crises, the government bail out the capitals and let the people suffer.
Almost 99.9% of everything in the west is based on "feel" good illusion.
it is by the people. look more carefully
The Chinese Communist Party is the largest political party in the world with over 100 million members. It also isn't a passive paper party where you pull a lever every 2-4 years for some professional politician like we have here in the US, you have to actually do political work towards party goals to be in the party.
what matters is that CPC have no intention to spread its manifesto, it's always maintained their system is good for China, it does not intend to be the alternative, but simply that alternatives do exist.
China couldn't care less what anyone else does outside of China.
In complete contrast, democratic west is so democratic, they will force everyone to adopt their values or else. @@kspfan001
@@siamcharm7904
th-cam.com/video/5tu32CCA_Ig/w-d-xo.html
US is NOT a Democracy , it's a Plutocracy.
Must admit it is extremely rare that a member of the Wall Street community would talk about the financial plot.
And it is even rarer to see a Wall Street person to talk about morality which has a conflict of interest for any money guy.
However life experience has shown me over the decades that the American capitalists would go round each country to short sell its stock market and laughingly walk away with obscene profit. They have done it to even European countries, Japan and many Asean countries with modest success.
One thing that stood out was they didn't manage to replicate the same degree of success with Hong Kong after it was handed back to China. Unknown to them Hong Kong government had unlimited fund from China to neutral the raid to Hong Kong stock market and its currency. People like George Soros live with regret that Hong Kong was among one that got away.
It is still an early day about the short selling the Chinese market in early 2024. The early indication is the American speculators got their fingers burnt again.
However this time of short selling China may not be all to do with making a quick buck but could be due to the necessity of saving the ass of the dollar at home. 2024 is the year hard for the dollar because
(1) The Treasury has to sell over $10 trillion bonds to fund the national deficit and pay for the treasury debt maturing in 2024.
(2) The real estate sector has to re-finance $3 trillion over a period of 6 years necessitating at least $300 billion annually at the time when the offices are getting less occupied, malls are becoming empty and the commercial real estate values are dropping off a cliff.
(3) A large number of US banks have not yet overcome the on-the-book losses from the drop of the low-yield older Treasury bonds when the Fed Rate is running at 5+% interest rate. Then a huge losses have to written off when real estate commercial properties are about to crash. Many banks are already in danger of going out of business and the Fed has already said so.
(4) Americans are now carrying $12.3 trillion in mortgages. $1.6 trillion in car loans. Another $1.6 trillion in student loans. A record $1.1 trillion in credit card debt. This is about $6,000 per household.
The key is when the US government tries to sell at least $10 trillion debt in 2024 there aren't enough wealthy people willing to buy the debt and that is exactly why the Feb wants the interest rate increased or to hold unchanged because at the end of the day it will be the Feb who has to eat up whatever Treasury debt left unsold. Thus the wealthy American capitalists have no choice but to liquidated their assets, even at a loss, to bring the money back home to save the dollar. If US treasury has no buyer all hell will break loose. In any case if the wealthy Americans can make 5+% from their capital they would mind call it a day!
The American capitalism is good for people who can manipulate those less fortunate and less smart. Yes it make US rich but the wealth goes to the small few. Most people in US are just making money for the top 1% at the top of the food chain. It is obvious to me that China has no intention to do the same. China has been remarkably disciplined to ensure the wealth is shared out much more equitably than the US. It managed to take 800 million people out of poverty, charges the lowest electricity tariff, lowest metro fare and lowest HSR fare among the industrialised nations and run an affordable medical care system that everyone can access. To me it has also been successful in keeping the US Wall Street speculators at bay.
Well said
Excellent assessment and very accurate in my opinion. I live in china and lean more towards the way they do things here. I thin any sober American willing to look at the reality of the situation in the US vs the BS they're fed by the gift should realize its a sinking ship. Sure its a flashy ship, lights, music, flashy but in my opinion its sinking. The social fabric is coming apart and there's little the taxpayer received for his money. They can't even offer safety.
👍🏻👍🏻
Wall St's Masters of the Universe realising not everyone plays to their parasitic games, good on China and hopefully the global south see that too, despite Argentina falling by the wayside.
Soros and Bass got their posteriors handed back to them on a platter. actually Hong Kong Stock Exchange experienced a breakdown briefly to prevent their escape.
Well said, Kevin. The US no longer does the hard things that grows the future, instead, we do the things that make quick and easy money. And we put up a good front to deny reality.
You are one of rare spices of USA!!!
The point is: the Chinese Government is trying in every single way to help her people while the US Government is spending Americans' money for whatever she likes.
And US gov. just love their political donors.
They need to just short Chinese stocks on NASDAQ like I did...Shorted NIO to 5.40 Fri 😊😊😊😊
@@mattyghost3409 you're smart billionaire, smarter than the million engineers the chinese pumps out every year. Maybe you can rule the world next???
👍
I don't think the social credit system is helping, more like controlling
Great lecture. I believe President Xi truly loves the American system……the old system that you described. He stayed in some smaller town, saw contented people….not overtly rich but contented, real and hardworking Americans.
Keep the good ways and discard the bad ones
Excellent point for the 80s in Canada and the US were perfection. Sadly, I can't say Canada is anywhere near where it was in the 80s.
but we are controlled by oligarchs now. The tax system is designed for them. The so-called free-market system is rigged so that they can have an unfair advantage. Trading means emptying your pocket instead of selling for a fair price. The richer got richer not because they are smarter, but because the system was designed for them.
This is why I love China. They are removing the big sharks / money mafia from the wall street.
Spot on! The PRC gvt - in one fell swoop - cancelled the " educational stocks" that preyed on the family in getting private tuitions for kids. They were so hot the Spore gvt sovereign funds jumped into the wagon , ignoring it's social costs to the people of what it is experiencing at home.
Guess what? The Spore sovereign funds lost huge...but it is the people's s money coming out from the HDB public housing MEGA scam. It is now a limitless revenue generator for the gvt, leaving no value in the flats at end of tenure.
One of the greatest classes on economic, PR, social science and politics ever. How to run a country for he people and not for the elite..
Thank you for this video. Your financial expertise has given a totally different perspective to what the Western media reports.
Keyword is GREED. US has always been big on "me first, everything/one else last". In the USA, everyone is only looking out for themselves.
also very short term. mext quarter, china has 5 year plan.
The Gordon Gekko was released in all Americans somehow, some time back. And that was the start of the end.
This was very insightful. Investing in a local burger business than investing jb McDonald make so much sense, I never thougt of that. The local business will employ locals and the money circulates locally, makes sense. This is why all the indicators says the USA economy is great but many people dont feel so. Cheers from DC
Yes. It is easier and less risky to buy existing stock, but essentially you are just buying a share of the existing pool of income. This is not the same as investment which grows the total wealth.
As the name it says " PEOPLE ่s republic of China" ...What else the goverment can do other than for the PEOPLE?
This channel definitely deserves more subscribers. ANother great video.
Kevin you’re one of very few 清醒人👍👏
Kevin, you are a genius.
Wow! That left me speechless. Thanks.
I think the term is cannibalization.
my elderly mom and her husband sold their house in Westlake CA to move into a small condo in Camarillo. They had good credit and they had down payment.
They were unaware but they had been sold a subprime mortgage. After he died, the interest readjusted beyond what her annuity could pay. Not long after she died the bank foreclosed.
Washington Mutual was selling subprime mortgages to everyone.
Wow!!! They will call you a communist.
But your idea help the average people.
Thank you for sharing.
How is that communism ? It's like the world have turned upside down.
What he mentioned is what we here in the West use to do and know.
Some how we have become a giant monopoly.
It is no longer decentralized.
I saw that years ago. Every time Walmart move into a community. Walmart end up killing all those small business such as the Mom and Pops businesses .
Decentralization = competition and innovation.
… communist/communism is NOT a dirty word…as propagandized by the capitalism
We were married 60 years ago this year. My grandson married last year at the same age. He and his wife are worse off than we were 60 years ago though better qualified. This is neoliberal economics in action.
You nailed the ground, the neoliberasim promoted by the race of you know who
Thank you for telling the truth about China.
What the chinese do is a real investments, what american stock tigers do is a investment scheme.
Sorry the investment scheme is a fallacy ... what they are doing are scam investments and using those innocent US
investors as suckers...
hmm.... did U mis-spell "scam" as "scheme"? 🤭🤭🙏🙏
@@youwaiyap2708, to the american neocapitalists its a same thing.
@@youwaiyap2708😇👍
WRT the oil example, in most places, property rights only go so deep, if at all. America is more the exception in granting unlimited depth. Given that oil and minerals are irreplaceable, it is absolutely correct to treat such natural resources as national resources. After all, those resources are defended by the nation, if some other country comes in and takes them, the nation will never recover their value. In China's case, owning ALL of the land and resources is the correct approach to maintain long-term national prosperity, rather than strip-mining everything for short term gain for a few.
Plus they share wealth from government investments that are profitable.
"When we are going to realise that the reason wall street has great, record-breaking years is because main street is being bled dry" this great sentence sums it all..................very wise and extremely realistic sentence
As an Asian American ex-financial professionals who have spent years in Hong Kong and China, I knew all kinds of tricks played there and avoided financial assets, especially stocks and bonds there. Many of my Chinese financial friends know these too and avoid as well. However, most Wall Street financial firms don't use Chinese speakers to do due diligence and research (most of them working in IT, Quant, etc.), so the loss is doomed right from the beginning. It was funny that even in Hong Kong, many research analysts do not know Chinese, do not go to groud research, and blindly trust so called financial statements provided. These firms choose their approach, and their losses have no one else to blame😮
Looking at the bigger picture perspective (in general), in the US, "What's in it for me" did make some guys rich but the country gradually sliding down as a whole while in China, the government leads by "What's in it for the country", hence the 40 years of progress which no other countries could achieve till today.
I saw a rare China analyst on some mainstream news channel recently (NBC maybe) who said something to the effect of, the Chinese always tell us what they're going to do beforehand but we never believe them. (The other analysts on the show either ignored his point or mocked it.)
It was so funny for me to watch mainstream media in the west screaming for years that China has to bail out its property market or its whole economy will collapse. They made it sound like friendly advice from countries that love the Chinese economy and would just hate to see it fall. Their owners wanted a bailout, like they've come to expect. But it didn't happen.
Thanks for your video.
Exactly! All the negative news about evergrande in the west is actually about trying to get Chinese gov to bail out the company and they can get their bond payment back.
You explained perfectly how to build a strong, solid society - invest in your neighbors' creative potential to build socially supportive businesses. Your channel is packed with perspectives that can wake up the average individual. I will enjoy seeing your channel grow, educating everyone who cares about a strong society.
Thank you for postings, your insights are invaluable. Much appreciated.
How true... i have worked in Singapore for over 30yrs and seen how it morphed from an eastern way of doing business into a western capitalism system that destroyed jobs and business. And now, its economy feels stagnant ...
Spot on! The gvt is now taxing more from its people, and even " robbing " em of their life savings in public housing flats to the tune of a million each during its 99 yr tenure.
Well said. Thanks for sharing and surfacing the truth. 👏👍
Google blatantly censoring comments.
Google is blocking people from commenting unless approved by their guidelines. When you are blocked, Google doesn't point to the specific comment(s) that prevents you from commenting further unless you agree to Google's accusation(s) of you.
I can't even comment on this guy's channel anymore. I've been shadow banned by the Taiwanese google branch.
Spot on!
Another amazing video! I recently listened to macrovoices interview of Louis Vincent Gave. One stat he listed blew me away and made have cold sweats! The US is 18% of world GDP, its equity market (stocks plus bonds) is 70% of world equity market. While China's GDP is is nominally 16% of world GDP in dollar terms and its equity market is only 6% of world equity market. How is this sustainable?
The STAT you gave appears to suggest that the US is extremely good at trading stocks, while China is almost negligible in trading stocks, despite the fact that their respective nominal GDP in US dollar term are rather close. The figure70% of world equity market surely makes the US the world hegemon in trading stocks of the world.
But what do you mean by asking "How is this sustainable?" ?
equities / stock trading gives a false sense of value. the real value is in value creation ie manufacturing mining plantations etc where actual value is created not just numbers printed on paper
@@resnica3557 The percentage is for the valuation of USA equity market as a percent of world total value. Not volume of trade. To illustrate this number was 40% just 5 yrs ago. This is due to inflation and money printing. Thus unsustainable. Go listen to that podcast by macrovoices.
No. I don’t think foreign sellers are dumb. I believe it is a coordinated political move achieve certain political objectives.
I believe so too.
Probably trying to pull the market down by sowing the seeds of fear in other investors.
Did it achieve that certain political objectives?
Same tactic when the US government withdrawals from the TTP thinking they are the biggest player and nothing can sustain itself once they leave.
Im in Taiwan. There is a everyday propaganda about how bad China is. Everyone believes in it. They might not be dumb, but these American big fund managers are princes in America. Fed listen to them. It's too troublesome for them to invest in China.
Great perspectives. Thank you.
This deserves more views. You understand what has gone wrong with western economies, and this gives me reason to trust what you say about China. I never imagined that the Chinese government could be acting against monopoly power; I simply accepted the narrative that they were seizing control. In contrast, my American Republican friends say they are for small government and checks and balances but then they do nothing about these enormously powerful corporations which have corrupted the government; they even laugh at the thought of breaking them up like was done in the past. I find it strange and disappointing (I am from the UK where the understanding of economics appears to be even more unrealistic).
Kevin, you speak in a way that I can understand. Fascinating. Thank you.
Kevin, I am so glad that an American with your intellect is inside China to digest and understand the financial markets in China. Thanks for sharing, keep up the good work. Greetings from Singapore
Your channel just came up today. I had no idea from your signature that you were a money guy? But, after listening to you, I could tell verbally and nonverbally that you were a goat. And I just listened to you for the second time and your not a goat but a truth seeker😊 and that’s good. A man’s reputation is great of in my book! I signed up to here your wisdom and knowledge!! Good day😊
Mr Kevin, thank you for the informative post. Good health and long life to you.😀😃😄
Small companies are the lifeblood of the community
Amen!! This your other videos got me hooked but this is your strongest one yet. Thanks for the nuanced insights.
From HK and Toronto
Thank you for your content, I am learning a lot.
Kevin, thank you for this AWESOME piece, really appreciate your insights. Please make more videos!
The power of a corporate media funded by government is not to be underestimated.
This guy spoke a lot of common sense, We just need common sense, not phD or MBA but dumb at practical.
Thank you for your channel. Thank you for telling the TRUTH❤ GBU!!
Very insightful. Thank you!
The fact that the smart money became the dumb money in China is truly fascinating. They forgot the 1st grade lesson, buy low sell high.
Thank you for this very revealing truth on the speculative and predictory zero sum game practice of the US financial market for the 1 % American elite
Thanks, Kevin. Very enlightening.
What to investing and loving your home land !!! It's sad you have to tell them they should be ashamed!!!!
In the multi-polar world China is promoting, countries have choices, the freedom to choose. However USA does not support this multi-polar vision of the world, and quoting Blinken here: ”if you’re not at the table in the international system, you’re going to be on the menu”. 😂
Thank you for your clear-cut and honest explanation on what's going on with the economy. I've suspected as much😢😢😢
Wow! this is a view I have not seen before!! Fascinating and informative. Of all your videos, I have watched so far, this, by far, was the best!
中小企业是经济的命脉，而大企业是经济的火车头。
我记得去年在另外一个视频上也有提过同样观点，以及中国必须利用房地产债务危机的黄金时机来调整，也必须调整规范金融投资市场。同时在低迷期重视中小企业，因为他们才是背后支撑中国经济持续发展的主要动力。
至于美国中小企业大多每年缴纳的税都比大型企业来的多。西方大型企业大多都有各种方式规避缴税。但大型企业有政治捐款，养政客，出钱支持选举，所以它们才会受到政党的重视。政客是不会重视一般的中小企业，因为无利可图。
good idea to start local investing, anywhere in the world. good show
I own stock in a chinese company and it's close to the bottom of its price. I intend to keep buying at the bottom. The chinese are doing great with technology.
It's Heartwarming to know one country is looking after their citizens's welfare.
Being slick is for fools, and many applaude, being "snart" is humble, many call it stupid. One is bound to fail, the other weed out the fool in a tranquil way.
I like this common sense approach to explain things.
5:44 that is called "Outsmarted by the newbie!"
In the meantime , MSM keep telling us that China economy is collapsing 😅 😅
it is though
Is it selling it's $800 bil US Treasury bonds? That she be answer to " is it collapsing?"
@@katkis1960 OK , Gordon Chang .
@@jessicayoung1190 LMAO I'm just stating fact, go check out the unemployment rate,the stock market,the resentment in the society
@@katkis1960😂😂😂😂how funny you are
I agree. Nothing like vibrant small biz scene...😎
fascinating videos I am running into! So thought provoking and insightful in understanding both US and China. All the best to the Author!!
China stock market is 60% of GDP while US is 170%.
You are a genius able to identify an extraordinary lone tree among the forest...
Love your reporting; very down to earth perspective. Your resigned disappointment is sadly entertaining.
In Australia, you can only have what above the soil if you own the land and even so u are subjected to regulations to what u want to do with it.
Plus taxes
This examination of the Chinese attitude toward investment reveals China's brilliance: invest local, invest small❤
🇺🇸 In the USA...Top 10% owns 93% of the stock market. 1% owns 75% of the market! Only the 10% happiness matters.
Great explanation from the horse's mouth
Thanks so much
You make so much sense, thanks.
Really appreciate your take on the market. Keep up the work ...
Insightful.
Thanks for your education
Excellent.
The foreign money are fleeting because the geopolitical situation and the voice of “coming collapse of China”. Chinese government waited until most of foreign money left and then jumped in to shore up the market. The moral story: it is not wise to speculate in Chinese market. Invest for long term instead.
That's why china is going to win in the long run ❤
true sme are the lifeblood of a country
"we have forgotten it...."
Right on point mate!
We don't do Capitalism anymore, it looks more like Italy before 1940, if you see what I mean.
And still, I am a libertarian, a Christian libertarian. Business, ues, proffit yes! But give it all vack to the young generations who needs it 🤷
I'm not talking about the "dole", handouts generally offered by politicians to buy votes 😏
I'm completely with you on this! 100%! 🧐
Brilliant synopsis.
Enjoyed your informative content
To summarize this, Wall Street lost to the Chinese government. ROFL 🤣
I've been following a Chinese TH-camr for quite a while, he recently went all out (went to the banks gather all the funds) to scoop out the index when it's below 3000, yes, when Wall Streets were exiting. 🤣🤣
According to him, it doesn't matter what happens, simple logic still prevail, buy low sell high. 🤣🤣
@serriajohn I am sorry, but China doesn't have to bail out the US again. Back in 2005, China's exports to the US was about 50%, and today China's exports to the US is about 15%. China is diversifying by sending their goods to markets in Asia, Africa, and South America.
As time goes by, China's exports to the US will go down as China's exports to other countries increase.
@serriajohn The US is becoming irrelevant. Countries can simply conduct bilateral trade, they don't need the US dollar. There are a lot of US dollars in circulation in this world. I do agree the US dollar will be used for sometime, but it will not be used indefinitely.
Countries that are friendly to the US will continue to use US dollars, and countries that want to conduct bilateral trade will do that too. One thing is certain, the dollar will greatly be diminished as a world reserve currency in the next 10 years.
@serriajohn Ain’t gonna happen, bailing out USA will mean ww3 at their door step. They will prefer American go bankrupt and stop its hegemony around the globe.
China develop by using physic. Cause and effect action and reaction america develop by gest 😂😂😂😊😊😊
How fantastc the presentation is .
Thank you very much for educating us,the public of the most fundamental knowledge in living . That is to manage one’s financial affairs reasonably well. We should not gamble our future and our life . And we must not gamble the future of our family security and the futures of our children . You have given us the golden facts and truths that modern day’s stock market short term valuation do not reflect the well being of the collective and public economic situation . It is alarming that stock market index do not represent the financial status of majority of the common citizen.
This type of honesty will fall upon deaf ears in the US as this economic model is the definition of the American dream/lottery. Unfortunately dreams rarely come true and so are the odds of winning the lottery. Most people plan for reality, not for dreams and lotteries. But the government and the wealthy are livin’ the dream so they will hold on until the revolution.
So true!
In Australia we have the tall poppy which everyone wants cut down to size.
Like your analysis
Here in Australia it’s a natural resource, i agree with that it’s a national resource, the land owner did nothing for that to happen, no worries
Thanks Kevin
One of the best videos I've watched on YT. I've watched over 100k, half of them in finance. Million dollar question is , how do you invest in China?
he already answered the question
Locally via direct investment to small businesses
I know that but does that mean being in the ground in China and talking to people? That would be a deal breaker for lots of investors. It would be nice if there was a Chinese ETFs that invest in start ups.
in china, don't expect profit from stock price change, but from dividend. still profitable, but not big.
Homey, you always have beautiful backgrounds. You got a future in Hollywood.😎
You made a lot of really salient points here, I think you highlighted a lot of the symptoms of rampant corporatism. There is no US government left really, it is just the administrative wing of the capital owning establishment.
If a few people have a lot of wealth, they can influence and even control political processes for their favor. Ordinary people will have no upper ward mobility. The whole country will stagnant and decline with time.
PLUNGE PROTECTION TEAM FINE JOB HERE
Brilliant video btw - new subscriber
The lightbulb gets very bright before it burns out.