Jep, and the unproductive economy has way more and better lobbyists. I think the first step to recovery for the US would be a drastic cut back in legal donations for election campains including real prison time for both donors and recipients.
Yeah, that’s what capitalism is all about. The way of living is under the mercy of people having capital. You are supposed to maximize one’s profit regardless of means, including at the expense of an average Joe.
The Econ world has become a board game in which: USA is playing Checkers, thinking 1 move ahead. Russia is playing Chess, thinking 5 moves ahead. China is playing Go (Weiqi 围棋), thinking 10 moves ahead.
Maybe don't allow multinational corporations to operate within the US. Maybe end fractional reserve banking, maybe end lobbying, maybe end The Creature from Jekell Island - the Fed. It's not Federal. It's not a Reserve. It's not a Bank.
Fractional reserve banking was ended. "As of March 26, 2020, the Federal Reserve Board set the reserve requirement ratio for all depository institutions at zero percent, eliminating reserve requirements."
@@donklee3514 I do remember. It's a joke. It went from fractional to nothing. Meanwhile, us peasants pay for it. Citizens of our nation should know (and hopefully care.)
Would result in the calling of every single loan if fractional reserve lending was ended. Your house would deflate 80% or more to a level where only those with cash can buy it. So if corporates still want them, fine, but you’d have a hard time dumping it to downsize your own expenses, yet your loan obligations and probably property taxes would remain.
@@Gzluweez Enact laws where corporations can't buy duplexes or single family homes. But I get you, it's a house of cards, and nobody wants to feel the pain, but the alternative is much worse I believe, and that's exactly where we're heading.
It's interesting that once the US dollar was decoupled from the gold standard in the 70's, after 40 years of criminalization, US citizens were 'allowed' to own gold again.
The gold standard is bad for the gold market because prices need to be determined by actual supply and demand of consuming industries like the electrics industry. High input prices means higher prices for goods produced and much lower rates of consumption. In addition, the gold standard was excessively restrictive. The decades of productivity gains of the USA workers would have not been possible with a restrictive commodity based gold standard restricting money supply. The money supply needed to expand to accommodate decades of economic expansion. The criminalization was necessary to increase the money supply for things like war efforts. Commodity based monetary policy has a lot to be desired. Financialization has its own set of problems, but it does expand quickly.
@@MrBlister808 You don't understand because you have probably only been taught supply side economics. Supply is only half the equation. Most people have a half education by design if demand side economics was not included.
@@MrBlister808 The economy is like a herd animal. The more you feed it the fatter it gets. Money and credit are the food of an economy. Commodity based controls and lending based controls have different properties. Printing money by lending insures that your livestock is getting the maximum available food supply, but can cause obesity. A gold standard would reduce the amount of food available by restricting the food available based on the amount of gold in a vault somewhere. Some argue that is a good thing and some don't. The growth levels achieved in the last 45 years would not have been possible under a gold standard and the borrow and spend provisions of Reaganomics. Going off the gold standard led to obesity. Reaganomics supper sized it and left our great grandchildren with the bill.
China has already won. By working. By investing in infrastructure and factories. Educating people WAY BETTER than Americans. Hard work pays off. And don't bloody forget. The US has invested/spent at least 10% of GDP in wars tge ladt 30 years and nowadays useless weapons. In 20 years the US will not be able to produce anything militarily with quality with a low price. Keeping an empire with 900 bases and wages endless wars, yet even more proxywars, doing coup d'états, regime changes, NGOs etc spending billions. Of course it must fail. 4% of earths population can't rule the world. In 30 years USA is gone after civil wars and futeless attempts to save the Empire. Look at Rome. Look att Britain. Of course you will fail and totally so.
Thank you for saying this. I find it incredibly dishonest to say China cheated and built itself on U.S. debt. Nobody held a gun to US to do all these destructive moves, not China, not Russia, not anyone. Valid points made about the issues and all the policy mistakes made by U.S. But to blame China is just nonsense.
Amen to that. Part of the solution to any problem is recognizing and taking responsibility for one creation of this issue. China has made many extremely pragmatic and long term decisions which have and will continue to make it a success. The US prefers to demonize and villify the Chinese for its own shortcomings and failures.
During the Great Chinese Famine (1959-1961), the U.S. maintained its embargo on China, and other countries were discouraged from sending food to China while tens of millions died from starvation.
Good points. Blaming China won't get us anywhere, They didn't force US multinationals to move over there. They don't force them to sell their products back to the US. They held no gun on America's head when they bought all those Treasuries. They're just exploting the opportunities offered by the Americans themselves.
My hedonic adjustments: I tip only 10% max now, not 20 25%. I don’t tip at all if it’s junk or de minimis. My standards for food quality go up with the price of the meal. I acquired a very used car and put 3K into it instead of buying new. Cut out 3 meals a week and coffee out. Switched to Sam’s Club from Costco. More chicken. Cook my dog food. No new clothes unless replacements. Waiting to sell house and lower my property taxes. No theater or music purchases. This is basically an emergency situation getting worse. I’m not broke, just not intending to become so. More careful about giving away items that I literally can’t replace with equal quality, such as wool silk and cotton garments, electronics and tools. Spend money on my house? Still doing maintenance that’s it. No improvements or capital expenditures. Simplifying every single thing.
Jim Richard's has been saying for years. The last to know if the US is already in recession is the Fed, for the last several decades. Which bigs the key questions. Is this a deliberate strategy, a. fracturing the system b. Using a flawed strategy c. the model is seriously flawed d. The input data submitted is massaged by the various sources to paint a different picture until it can no longer hide the patent destructive effects. E. Corruption in the interest of the insiders best positioned to profit the longest.
The United States exported roughly 10.2 million barrels of petroleum per day in 2023. The figures include distillate fuel oil, residual fuel oil and ethanol blended into motor gasoline. As the U.S. has increased its production volume through implementation of unconventional extraction methods, the volume of petroleum products being exported notably increased, peaking in 2023.
Rhe US export it because your processing plants are not designed for your kind of oil (light oil). You export the oil to the Netherlands, Mexico, etc. and then you buy the heavy oil you need from Canada, Mexico, Saudi Arabia, etc., and you buy them cheap too.
@@rap3208 Correct, Chevron is doing that. My point is that , this guy which looks like Jassie Livermore is talking about US is not producing anything which is wrong. US has a huge export and international revenue coming from abroad plus all wealthy people keep money in US and invest in Wall Street which provides stabilty and security for investments. USD is the most trusted and liquid asset in the world. Google, Microsoft, PayPal, Boing, Pfizer, Amazon Nvidia, Nike, Coca Cola, Oil drilling industry Military complex etc...soybean, wheat. corn.
Thats the way Fed Res systems work. The inflation has to be backed up by something and eventually it gets devalued until something else either gets added or takes its place.
Update alleuia Urgent emergency please join me in prayer for neighbor Debbie she was suffering from brain tremors she is improving taking meds all test so far normal Drs are thinking tremors are not life threatening she is very Thankful to God and continue prayers please pray for her and family God bless you all
GDP, as a single data point tells us as much about the economy as telling a musician, Stairway to Heaven is in the key of A minor. Not enough data to give you a real sense of what the economy/song is all about.
Printing money to fund the commitments to the green new deal is insane. Are we going to inflate the currency to buy foreign manufactured wind turbines and solar panels and batteries that aren't going to generate the electricity we need? That is what we are doing. It's suicidal.
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Exactly. So easy to blame others for your own greed and short-sightedness. How can a grown man complain that China is getting Americans "addicted to cheap products"? Or that China has bought too much of the debt the US has beeb selling?
You know what's wrong? You have to pay the people that actually do work, maids, cleaners, drivers, road paving, wait staff etc.. not just funnelling money to expert gum flappers and oligopoly billionaires. Pay them enough to get rid of this absurdity of tipping another anxiety inducing construct. Why is minimum wage stuck at decades lows while productivity has gone up. You have a sclerotic social structure with a winner takes all model. Long term guaranteed recipe for collapse.
Seems their industrialists prefer to move where there is cheaper labour to maximise their profits. And instead of blaming these profit sharks, this man blames the countries to whoch US multinationals moved...
Very one sided discussion. It should be more approriately entitled " How the US allowed China to Build its Industrial Infrastructure on Top of U.S. Debt The Chinese never forced American corporations to gut American manufacturing by outsourcing jobs to China in an effort to generate monstrous profits for themselves. The US needs to get over its exceptionalism and start working with the rest of the world rather than dominating it. One cannot ignore this fact that it has been driven by pure greed. Moreover, the US happily and to this day encouraged the Chinese gov't to purchase US bonds to help maintain unlimited spending sprees including support of a huge military industrial complex. As for shutting out China from participation in the International space station, vis a vis, the Wolf amendment, this has spurred on the Chinese to create their own station which rivals that of the ISS.
US military spending is literally at its lowest ever since the world war two era, even lower than the nadir gained from the "peace dividend" in the late 90s/early 2000s. If anything, you should be arguing for INCREASED military spending at this point in the US... just ask anyone in the military, in defense, in govt and they'll tell you there is "no money" to the point where they're not only stopping necessary programs for innovation, not only stopping production of existing/traditional system (of the ones left that haven't already been stopped), but literally getting rid of base positions required by core programs/tdas and cutting civilian personnel positions that have already been getting gutted for years and years. At this point, its literally about to become a national security issue its so bad... and literally almost NO ONE is talking about it. The US's "military industrial complex" is a joke of what it once was. Its literally sad how dilapidated it is currently. The fact that people don't know this when its been a sad joke for decades, shows that its a talking point based purely on ideology. The other parts of your argument are fine, except that the "profits" that our business/industrial "elites" sold us out for weren't even "monstrous" in terms of profits... they were marginally better only, which makes it even sadder. Also, what's the point of your "space station" point?
There’s no such thing as fossil fuel Fossils have only been found as low as 16,000 feet. We drill for oil between 26,000 and 32,000 feet deep! We need to drop the words “fossil fuel” ⛽️ they keep telling us we have 10,000 new oil drilling leases, but a lease is worthless without a permit. We have ZERO PERMITS from this administration!! 🤷🏼♂️ We need to pass the bill HR1 to open up drilling & fracking oil! PERMITS!!!
The discussion is very interesting. A pity about the obsession with blaming China for US corporations offshoring US industry to China. And blaming China for buying loads of US debt, and selling them cheap products. The guy talks as if US leaders were children taken in by a crafty adult...
NVIDIA revenue for the twelve months ending July 31, 2024 was $96.307B, a 194.69% increase year-over-year. NVIDIA annual revenue for 2024 was $60.922B, a 125.85% increase from 2023. NVIDIA annual revenue for 2023 was $26.974B, a 0.22% increase from 2022.
US should stop blaming others (China) for problems of its own creation. US has been enjoying a high standard of living on the back of outsourced honest hardworking cheap labour abroad. Just reflect on your own behaviour of printing fiat currency to pay for and enjoy these imported cheap goods. Cut your debt and outsized spending on the MIC to fuel your war mongering instincts. That should be a good start to MAGA.
I can remember in engineering classes at the start in the mid 80's students talking about trendlines and saying America would end up where we are today.
@@moustaphadiallo600 many like wall street being short termed, growth of china and how they looked long term,, how china would very likely follow in footsteps of Japan and their successful efforts, how excessive legal liability hampered industry and how it would only increase, etc, etc, etc. it was noted how americans seemed to go for degrees in stuff like underwater basket weaving and chinese went for engineering, business,, CS, etc in far higher proportions.America being a short term culture with short term politics would ultimately hurts us in major ways and many feel it has.
CocaCola revenue for the twelve months ending June 30, 2024 was $46.465B, a 5.27% increase year-over-year. CocaCola annual revenue for 2023 was $45.754B, a 6.39% increase from 2022. CocaCola annual revenue for 2022 was $43.004B, a 11.25% increase from 2021.
Industrial corpses don't make sense in the terms of a good public policy goal, but when you look at it subjectively from a command and control stand point of an oligarch it makes perfect sense. If you want to maintain absolute control of your board room you find ways to limit labor ownership of voting stock. You use your influence of the government to create a new investment vehicle (hint:401k) that changes retirement ownership of voting stock from pension managers to Wall Street mutual funds managers. Then you use endowment money in higher education to teach in business schools to emphasize shareholder value over stake holder value. Do they even teach stakeholder value anymore? Then you tie management compensation to stock prices and walaa, without labor representation on the board you can now export your manufacturing capacity overseas.
Netflix's quarterly revenue 2013-2024 Published by Julia Stoll , Jul 19, 2024 In the second quarter of 2024, Netflix generated total revenue of nearly 9.6 billion U.S. dollars, up from about 8.2 billion in the corresponding quarter of 2023. The company's annual revenue in 2023 amounted to around 33.7 billion U.S. dollars, continuing the impressive year-on-year growth Netflix has enjoyed over the last decade.
Have you bought anything made in the USA since the 1980s except groceries, cars, weaponry, software, and Intel......? You have a short memory and let's all blame, China.
"If inflation is defined as simply a general rise in prices, one could say that various factors like speculation or the velocity of money could be responsible for inflation. However, if inflation is defined as an increase in the money supply, it may be easier to conceptualize the connection between expansionary monetary policies and rising prices. In short, how we define inflation influences whether we blame markets or monetary policy for the rising prices we now see." ---Michael Douma, AIER The monetarists led by Friedman wanted to blame monetary policy because when you are a hammer everything looks like a nail and it gave them power to regulate inflation. The Keynesian's clung to the old definition of inflation,"Inflation is a general increase in the prices of goods and services in an economy. This is usually measured using the consumer price index (CPI)." The reason we don't have accurate real time tracking of inflation is because what is the point if you are going to blame monetary policy?
What is Pfizer's revenue report for 2023? For the full year 2023, we reported revenues of $58.5 billion, reflecting an operational decrease of 41% year over year, primarily due to a significant decline in revenues for our COVID-19 products.
Transitory does not mean what Jeffrey Tucker said it means. Transitory means not permanent. Temporary is a synonym for transitory. This guy is a thought leader?
Jesus Christ died for our Sins according to the scriptures and that he Was Buried and he rose Again the third day praise God praying for everyone Everyday God Bless you all...
Take this day to believe on Jesus, Christ who was born of a virgin, died on the cross for all your past present & future sins, buried and rose the third day according to the scriptures, (prophecy) And now sits on the right hand of the Father in heaven! When you admit, you are a sinner and believe the above by faith (Faith is a gift from God) you are saved by Grace & there’s no work on your part to do but to trust in Jesus as your Savior! If you believe all of the above and receive of God the gift of eternal life you are sealed by the Holy Spirit, born again & will go to heaven when you die! Welcome to God’s family & eternal life in Jesus Christ our High Priest and Savior! Now that you are saved, you have work to do. One of your first works should be to be immersed in water baptism to be identified with the death, burial and resurrection of Christ Amen 🙏🏻
Yes. My only quarrel with him is that he blames everything on China, including the greed of US industrialists, and Americans' "addiction" to cheap products, It's as if US leaders had no agency...
2 Tim 3:13 But evil men and impostors will grow worse and worse, deceiving and being deceived (the late great Jimmy deYoung said the devil attacks politicians) first then the clergy👍🏻
Studies also show climate change is increasing food prices and thus inflation. More drought and heat stresses plant production. Flooding and more intense storms can damage crops and can also drive supply downwards.
Yes, indeed, that was a surprise to me as well: they don't collect all the data they need; what they do collect, they distort and interpret dishonestly, to support their lies to the American people - and to the world. That;s shabby, And the main victims are the American people. Yet this man still blames China for all the ills of the Anerican system.
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The unproductive economy is eating the productive economy.
Jep, and the unproductive economy has way more and better lobbyists.
I think the first step to recovery for the US would be a drastic cut back in legal donations for election campains including real prison time for both donors and recipients.
This was greed of the financial class & their corrupt allies in govt
Yeah, that’s what capitalism is all about. The way of living is under the mercy of people having capital. You are supposed to maximize one’s profit regardless of means, including at the expense of an average Joe.
The Econ world has become a board game in which:
USA is playing Checkers, thinking 1 move ahead.
Russia is playing Chess, thinking 5 moves ahead.
China is playing Go (Weiqi 围棋), thinking 10 moves ahead.
Its not crazy...US maximizes profits. They chose the easiest way...
Agreed, This man is obviously very intelligent, so why does he blame China for American companies' greed and disregard for Americans' wellbeing?
Maybe don't allow multinational corporations to operate within the US. Maybe end fractional reserve banking, maybe end lobbying, maybe end The Creature from Jekell Island - the Fed.
It's not Federal.
It's not a Reserve.
It's not a Bank.
Fractional reserve banking was ended. "As of March 26, 2020, the Federal Reserve Board set the reserve requirement ratio for all depository institutions at zero percent, eliminating reserve requirements."
@@donklee3514 I do remember. It's a joke. It went from fractional to nothing. Meanwhile, us peasants pay for it. Citizens of our nation should know (and hopefully care.)
Would result in the calling of every single loan if fractional reserve lending was ended. Your house would deflate 80% or more to a level where only those with cash can buy it. So if corporates still want them, fine, but you’d have a hard time dumping it to downsize your own expenses, yet your loan obligations and probably property taxes would remain.
@@Gzluweez Enact laws where corporations can't buy duplexes or single family homes. But I get you, it's a house of cards, and nobody wants to feel the pain, but the alternative is much worse I believe, and that's exactly where we're heading.
It's interesting that once the US dollar was decoupled from the gold standard in the 70's, after 40 years of criminalization, US citizens were 'allowed' to own gold again.
The gold standard is bad for the gold market because prices need to be determined by actual supply and demand of consuming industries like the electrics industry. High input prices means higher prices for goods produced and much lower rates of consumption. In addition, the gold standard was excessively restrictive. The decades of productivity gains of the USA workers would have not been possible with a restrictive commodity based gold standard restricting money supply. The money supply needed to expand to accommodate decades of economic expansion. The criminalization was necessary to increase the money supply for things like war efforts. Commodity based monetary policy has a lot to be desired. Financialization has its own set of problems, but it does expand quickly.
@@donklee3514 Gold extraction availability coincides very closely with population growth so I don't understand. Please elaborate.
@@MrBlister808 You don't understand because you have probably only been taught supply side economics. Supply is only half the equation. Most people have a half education by design if demand side economics was not included.
@@MrBlister808 The economy is like a herd animal. The more you feed it the fatter it gets. Money and credit are the food of an economy. Commodity based controls and lending based controls have different properties. Printing money by lending insures that your livestock is getting the maximum available food supply, but can cause obesity. A gold standard would reduce the amount of food available by restricting the food available based on the amount of gold in a vault somewhere. Some argue that is a good thing and some don't. The growth levels achieved in the last 45 years would not have been possible under a gold standard and the borrow and spend provisions of Reaganomics. Going off the gold standard led to obesity. Reaganomics supper sized it and left our great grandchildren with the bill.
@@MrBlister808 your feelings are irrelevant to producing tech that will replace you
‘Never interfere with an enemy while he’s in the process of destroying himself.’ - Napoleon Bonaparte
China has already won. By working. By investing in infrastructure and factories. Educating people WAY BETTER than Americans. Hard work pays off. And don't bloody forget. The US has invested/spent at least 10% of GDP in wars tge ladt 30 years and nowadays useless weapons. In 20 years the US will not be able to produce anything militarily with quality with a low price. Keeping an empire with 900 bases and wages endless wars, yet even more proxywars, doing coup d'états, regime changes, NGOs etc spending billions. Of course it must fail. 4% of earths population can't rule the world. In 30 years USA is gone after civil wars and futeless attempts to save the Empire. Look at Rome. Look att Britain. Of course you will fail and totally so.
Thank you for saying this. I find it incredibly dishonest to say China cheated and built itself on U.S. debt. Nobody held a gun to US to do all these destructive moves, not China, not Russia, not anyone.
Valid points made about the issues and all the policy mistakes made by U.S. But to blame China is just nonsense.
China is a paper tiger. Watch serpentzas videos.
Amen to that. Part of the solution to any problem is recognizing and taking responsibility for one creation of this issue. China has made many extremely pragmatic and long term decisions which have and will continue to make it a success. The US prefers to demonize and villify the Chinese for its own shortcomings and failures.
And they will go down blaming China for their "over-capacity", and for producing cheap goods and geting tAmericans "addicted" to them...
During the Great Chinese Famine (1959-1961), the U.S. maintained its embargo on China, and other countries were discouraged from sending food to China while tens of millions died from starvation.
😊😊😊😊
Guess they forgot About that piece of history, and also who is threatening war against China. 🤔
Good points. Blaming China won't get us anywhere, They didn't force US multinationals to move over there. They don't force them to sell their products back to the US. They held no gun on America's head when they bought all those Treasuries. They're just exploting the opportunities offered by the Americans themselves.
My hedonic adjustments: I tip only 10% max now, not 20 25%. I don’t tip at all if it’s junk or de minimis. My standards for food quality go up with the price of the meal. I acquired a very used car and put 3K into it instead of buying new. Cut out 3 meals a week and coffee out. Switched to Sam’s Club from Costco. More chicken. Cook my dog food. No new clothes unless replacements. Waiting to sell house and lower my property taxes. No theater or music purchases. This is basically an emergency situation getting worse. I’m not broke, just not intending to become so. More careful about giving away items that I literally can’t replace with equal quality, such as wool silk and cotton garments, electronics and tools. Spend money on my house? Still doing maintenance that’s it. No improvements or capital expenditures. Simplifying every single thing.
The things that don't have much inflation (t.v. alcohol ect.) is to keep the people distracted from our problems.
The same thing happened when the Roman Empire was collapsing. They called it "Bread and Circuses".
ABC or CBS won't tell us anything about this 😡
Tell us about what?
Like india u guys only watch domestic news while everything else were being shut out to make everything is still good as gold
Jim Richard's has been saying for years. The last to know if the US is already in recession is the Fed, for the last several decades. Which bigs the key questions.
Is this a deliberate strategy,
a. fracturing the system
b. Using a flawed strategy
c. the model is seriously flawed
d. The input data submitted is massaged by the various sources to paint a different picture until it can no longer hide the patent destructive effects.
E. Corruption in the interest of the insiders best positioned to profit the longest.
The United States exported roughly 10.2 million barrels of petroleum per day in 2023. The figures include distillate fuel oil, residual fuel oil and ethanol blended into motor gasoline. As the U.S. has increased its production volume through implementation of unconventional extraction methods, the volume of petroleum products being exported notably increased, peaking in 2023.
Rhe US export it because your processing plants are not designed for your kind of oil (light oil). You export the oil to the Netherlands, Mexico, etc. and then you buy the heavy oil you need from Canada, Mexico, Saudi Arabia, etc., and you buy them cheap too.
@@rap3208 Correct, Chevron is doing that. My point is that , this guy which looks like Jassie Livermore is talking about US is not producing anything which is wrong. US has a huge export and international revenue coming from abroad plus all wealthy people keep money in US and invest in Wall Street which provides stabilty and security for investments. USD is the most trusted and liquid asset in the world. Google, Microsoft, PayPal, Boing, Pfizer, Amazon Nvidia, Nike, Coca Cola, Oil drilling industry Military complex etc...soybean, wheat. corn.
Thats the way Fed Res systems work. The inflation has to be backed up by something and eventually it gets devalued until something else either gets added or takes its place.
Update alleuia Urgent emergency please join me in prayer for neighbor Debbie she was suffering from brain tremors she is improving taking meds all test so far normal Drs are thinking tremors are not life threatening she is very Thankful to God and continue prayers please pray for her and family God bless you all
Things NOT to ingest or take in order to stop fermentation of (sugars) and (glutamine) to kill bad stem cell growth, and maybe tumors!
GDP, as a single data point tells us as much about the economy as telling a musician, Stairway to Heaven is in the key of A minor. Not enough data to give you a real sense of what the economy/song is all about.
This guy was actually really fun to listen to.
Printing money to fund the commitments to the green new deal is insane. Are we going to inflate the currency to buy foreign manufactured wind turbines and solar panels and batteries that aren't going to generate the electricity we need? That is what we are doing. It's suicidal.
Printing money to fund endless wars is insane. Buying foreign manufactured goods are actually having deflation effect because they are cost effective.
and this Tucker guy will continue to insist it's all China's fault...
Urgent emergency please join me in prayer for all those affected families children animals massive tragedy In Georgia they desperately need your prayers please pray for them God bless you all
Dudes, none of this can be your fault. Because nothing can ever be your fault.
Exactly. So easy to blame others for your own greed and short-sightedness. How can a grown man complain that China is getting Americans "addicted to cheap products"? Or that China has bought too much of the debt the US has beeb selling?
You know what's wrong? You have to pay the people that actually do work, maids, cleaners, drivers, road paving, wait staff etc.. not just funnelling money to expert gum flappers and oligopoly billionaires. Pay them enough to get rid of this absurdity of tipping another anxiety inducing construct.
Why is minimum wage stuck at decades lows while productivity has gone up. You have a sclerotic social structure with a winner takes all model. Long term guaranteed recipe for collapse.
When one fails.....blame other/s for one's failures
Detective of Money Politics is following this very informative content cheers from VK3GFS and 73s from Frank Melbourne Australia
Gutting of industry broke in the 1970s and 80s. Guys like Tucker were YAYY for efficiency.
Great topic
The USA and western Europe HAVE to keep their steel and aluminium industries
Seems their industrialists prefer to move where there is cheaper labour to maximise their profits. And instead of blaming these profit sharks, this man blames the countries to whoch US multinationals moved...
Very one sided discussion. It should be more approriately entitled " How the US allowed China to Build its Industrial Infrastructure on Top of U.S. Debt The Chinese never forced American corporations to gut American manufacturing by outsourcing jobs to China in an effort to generate monstrous profits for themselves. The US needs to get over its exceptionalism and start working with the rest of the world rather than dominating it. One cannot ignore this fact that it has been driven by pure greed. Moreover, the US happily and to this day encouraged the Chinese gov't to purchase US bonds to help maintain unlimited spending sprees including support of a huge military industrial complex. As for shutting out China from participation in the International space station, vis a vis, the Wolf amendment, this has spurred on the Chinese to create their own station which rivals that of the ISS.
US military spending is literally at its lowest ever since the world war two era, even lower than the nadir gained from the "peace dividend" in the late 90s/early 2000s. If anything, you should be arguing for INCREASED military spending at this point in the US... just ask anyone in the military, in defense, in govt and they'll tell you there is "no money" to the point where they're not only stopping necessary programs for innovation, not only stopping production of existing/traditional system (of the ones left that haven't already been stopped), but literally getting rid of base positions required by core programs/tdas and cutting civilian personnel positions that have already been getting gutted for years and years. At this point, its literally about to become a national security issue its so bad... and literally almost NO ONE is talking about it.
The US's "military industrial complex" is a joke of what it once was. Its literally sad how dilapidated it is currently. The fact that people don't know this when its been a sad joke for decades, shows that its a talking point based purely on ideology. The other parts of your argument are fine, except that the "profits" that our business/industrial "elites" sold us out for weren't even "monstrous" in terms of profits... they were marginally better only, which makes it even sadder. Also, what's the point of your "space station" point?
There’s no such thing as fossil fuel Fossils have only been found as low as 16,000 feet. We drill for oil between 26,000 and 32,000 feet deep! We need to drop the words “fossil fuel” ⛽️ they keep telling us we have 10,000 new oil drilling leases, but a lease is worthless without a permit. We have ZERO PERMITS from this administration!! 🤷🏼♂️ We need to pass the bill HR1 to open up drilling & fracking oil! PERMITS!!!
US has still very brilliant and genuine academicians.
This guy is correct.
I always say that consumer goods have gone down in price so that we can (or have to) spend more on housing
Clever this man, know something not accurate, 😊 good man
Great stuff, it's all about Monetary Policy vs. Fiscal Policy :-)
The discussion is very interesting. A pity about the obsession with blaming China for US corporations offshoring US industry to China. And blaming China for buying loads of US debt, and selling them cheap products. The guy talks as if US leaders were children taken in by a crafty adult...
NVIDIA revenue for the twelve months ending July 31, 2024 was $96.307B, a 194.69% increase year-over-year. NVIDIA annual revenue for 2024 was $60.922B, a 125.85% increase from 2023. NVIDIA annual revenue for 2023 was $26.974B, a 0.22% increase from 2022.
US should stop blaming others (China) for problems of its own creation. US has been enjoying a high standard of living on the back of outsourced honest hardworking cheap labour abroad. Just reflect on your own behaviour of printing fiat currency to pay for and enjoy these imported cheap goods. Cut your debt and outsized spending on the MIC to fuel your war mongering instincts. That should be a good start to MAGA.
I can remember in engineering classes at the start in the mid 80's students talking about trendlines and saying America would end up where we are today.
What trends led to this?
@@moustaphadiallo600 many like wall street being short termed, growth of china and how they looked long term,, how china would very likely follow in footsteps of Japan and their successful efforts, how excessive legal liability hampered industry and how it would only increase, etc, etc, etc. it was noted how americans seemed to go for degrees in stuff like underwater basket weaving and chinese went for engineering, business,, CS, etc in far higher proportions.America being a short term culture with short term politics would ultimately hurts us in major ways and many feel it has.
CocaCola revenue for the twelve months ending June 30, 2024 was $46.465B, a 5.27% increase year-over-year. CocaCola annual revenue for 2023 was $45.754B, a 6.39% increase from 2022. CocaCola annual revenue for 2022 was $43.004B, a 11.25% increase from 2021.
Treason helped a bit
Americans need to stop cribbing and become more efficient.
No one can beath you Jan The one come near is Roman Josh and Tifany
Industrial corpses don't make sense in the terms of a good public policy goal, but when you look at it subjectively from a command and control stand point of an oligarch it makes perfect sense. If you want to maintain absolute control of your board room you find ways to limit labor ownership of voting stock. You use your influence of the government to create a new investment vehicle (hint:401k) that changes retirement ownership of voting stock from pension managers to Wall Street mutual funds managers. Then you use endowment money in higher education to teach in business schools to emphasize shareholder value over stake holder value. Do they even teach stakeholder value anymore? Then you tie management compensation to stock prices and walaa, without labor representation on the board you can now export your manufacturing capacity overseas.
Netflix's quarterly revenue 2013-2024
Published by
Julia Stoll
, Jul 19, 2024
In the second quarter of 2024, Netflix generated total revenue of nearly 9.6 billion U.S. dollars, up from about 8.2 billion in the corresponding quarter of 2023. The company's annual revenue in 2023 amounted to around 33.7 billion U.S. dollars, continuing the impressive year-on-year growth Netflix has enjoyed over the last decade.
Have you bought anything made in the USA since the 1980s except groceries, cars, weaponry, software, and Intel......? You have a short memory and let's all blame, China.
Revisionist history on Regan. Regan put in price controls that's why things corrected. " Regan didn't really do anything " what a lie!
100% CORRECT! NAFTA AND CLINTON GAMES!
@ about min 56: Not a Bob Hope skit... Bob Newhart! Greatest bit about psychiatrists ever! "Stop It!" ☺
PayPal Holdings revenue for the quarter ending June 30, 2024 was $7.885B, a 8.21% increase year-over-year.
"If inflation is defined as simply a general rise in prices, one could say that various factors like speculation or the velocity of money could be responsible for inflation. However, if inflation is defined as an increase in the money supply, it may be easier to conceptualize the connection between expansionary monetary policies and rising prices. In short, how we define inflation influences whether we blame markets or monetary policy for the rising prices we now see." ---Michael Douma, AIER
The monetarists led by Friedman wanted to blame monetary policy because when you are a hammer everything looks like a nail and it gave them power to regulate inflation. The Keynesian's clung to the old definition of inflation,"Inflation is a general increase in the prices of goods and services in an economy. This is usually measured using the consumer price index (CPI)." The reason we don't have accurate real time tracking of inflation is because what is the point if you are going to blame monetary policy?
Manufacturing jobs are going away fast with robotics, correct? There would be re- industrialization by robots?
Dump harris relelect trump
Ummm... This is english
What is Pfizer's revenue report for 2023?
For the full year 2023, we reported revenues of $58.5 billion, reflecting an operational decrease of 41% year over year, primarily due to a significant decline in revenues for our COVID-19 products.
Transitory does not mean what Jeffrey Tucker said it means. Transitory means not permanent. Temporary is a synonym for transitory. This guy is a thought leader?
How about exporting expensive arm and military peripheral
#endthefed
Now the growth industry in jobs is in fast food and health care!
No good high paid jobs
Should I buy gold anybody?
The cause of inflation is oligopolic price gauging as well, folks. Your capitalist BS always leaves that out.
Jesus Christ died for our Sins according to the scriptures and that he Was Buried and he rose Again the third day praise God praying for everyone Everyday God Bless you all...
Take this day to believe on Jesus, Christ who was born of a virgin, died on the cross for all your past present & future sins, buried and rose the third day according to the scriptures, (prophecy) And now sits on the right hand of the Father in heaven! When you admit, you are a sinner and believe the above by faith (Faith is a gift from God) you are saved by Grace & there’s no work on your part to do but to trust in Jesus as your Savior! If you believe all of the above and receive of God the gift of eternal life you are sealed by the Holy Spirit, born again & will go to heaven when you die! Welcome to God’s family & eternal life in Jesus Christ our High Priest and Savior! Now that you are saved, you have work to do. One of your first works should be to be immersed in water baptism to be identified with the death, burial and resurrection of Christ Amen 🙏🏻
Stop infesting the videos we want to watch!
Start your own channels!
You should stop internetting until you can avoid bringing religion into a totally nonreligious conversation. Comment reported as spam.
Smart economist, he repeats alot of what Peter Schiff says.
Yes. My only quarrel with him is that he blames everything on China, including the greed of US industrialists, and Americans' "addiction" to cheap products, It's as if US leaders had no agency...
The USA still produces oranges and tobacco!
Also Boeing airplane.
2 Tim 3:13 But evil men and impostors will grow worse and worse, deceiving and being deceived (the late great Jimmy deYoung said the devil attacks politicians) first then the clergy👍🏻
This dude is colorful 🎉 😂 !
Wow, this genius just figured out it’s all BS
😂 that something not correct...wow never knew American do this ...😂...
I always wonder about guys that wear bow ties
They belong at evening balls etc
Studies also show climate change is increasing food prices and thus inflation. More drought and heat stresses plant production. Flooding and more intense storms can damage crops and can also drive supply downwards.
Too much talk with no focus! Just don't beat around the bush! Wasting time!
Data collection not correct,put in that thing, also results will come out...this American real joke...😂...data collection they do not accurate...😂
Yes, indeed, that was a surprise to me as well: they don't collect all the data they need; what they do collect, they distort and interpret dishonestly, to support their lies to the American people - and to the world.
That;s shabby, And the main victims are the American people.
Yet this man still blames China for all the ills of the Anerican system.
Money people are weird. He thinks he looks good lol