Excellent overview and explanation of the current China situation. Thank you.
@thomasf.9869
Жыл бұрын
What he says about the USD and sanctions isn't quite right. They did freeze Iran's dollar denominated assets after the Islamic Revolution, to resolve the hostage crisis.
@JacksCommercialGodhead
Жыл бұрын
Why I've never been concerned about China. If it's giant and centralized, its days are numbered and the number isn't even very high.
@homewall744
Жыл бұрын
Funny since the US military empire clearly is giant and centralized.
@FrankHarwald
Жыл бұрын
YES! It's giant, centralized, totalitarian & on top of that pushing impossible economic realities - which means it probably already collapsed, it's just waiting for reality pushing through their censorship so that the last of their remaining shadow & real economy notices. Also instead of improving economic policies the CCP seems to keep doubling down seemingly driving them back to the days of Mao - if they don't drastically change course China won't be an economic powerhouse in even a few months/years.
@fredtownsend9065
Жыл бұрын
Like none of that bad stuff would ever happen in the US
@carlabroderick5508
Жыл бұрын
Lots of bad stuff in China will never happen in US. Especially, we will never have an emperor/dictator for more than twenty years whom we do not elect and cannot replace.
@kamilziemian995
Жыл бұрын
Valuable discussion.
@allencoffland1685
Жыл бұрын
Deng was Minister of Bridges? not quite. in his waning years, the only formal title Deng retained was head of China's bridge, as in the card game, association, although he was still the unquestioned ruler behind the scenes.
@benjamindover4337
Жыл бұрын
Good discussion gents
@AtaraxiaaixaratA
Жыл бұрын
Algorithmic Engagement Comment
@Pau11Wa11
Жыл бұрын
Ditto
@cooper1819
Жыл бұрын
China had pumped so much money into infrastructure to help USA tide over the 2008 financial crisis. Now what’s afraid that China will not come to rescue for next financial crisis, since not appreciated.
@_InfiniteZeal
Жыл бұрын
Thoroughly enjoyed 🔥
@andysondur
Жыл бұрын
LOL. Hu is being dragged away? Who?
@antondavidoff150
Жыл бұрын
Bulding idustry in China is not 3 times bigger then USA... but 10+ times over... if you thinking in dollar terms .. maybe.. but China has Build 3 americas over in 3 decades
@shaggyrandy1264
Жыл бұрын
Adjusting to gold?
@levimk101
Жыл бұрын
Other than that final 10 mins or so, it was a really valuable conversation and I learnt a lot. However, you both conspicuously left out Bitcoin from the final discussion on global monetary changes. It is pretty bloody important when thinking through the long term future of money. The idea that we will have another stone age gold-backed fiat world currency is laughable during the age of the internet and the monetisation of an internet-native digital commodity money. Leaving Bitcoin out of your analysis when you have both been on Bitcoin podcasts is a bad sign that you’re not engaging with it. “As Austrian economists”, you both should factor in the market selection of the monetary technology, as Mises and Rothbard did. C’mon guys, really disappointed.
@tehehe5929
Жыл бұрын
I'm disappointed you think bitcoin will be of any importance. Really disappointed.
@zareenwilhelm5811
Жыл бұрын
13:00 Is he still alive???
@zareenwilhelm5811
Жыл бұрын
Financial repression 🤨
@zareenwilhelm5811
Жыл бұрын
Shadow banking 😅
@sftita
Жыл бұрын
How is this going to affect the BRICS objective with China being its biggest economy? Will this hold up BRICS rolling out their own currency (like the Euro) to settle cross border payments?
@d.p.9567
Жыл бұрын
@30:50 The US$ is based on our value as a people, our political structure, our ability to attract immigrants with our diverse and open culture. For all that the US can do better we still are the cultural leader and beacon of hope for the world and for these reasons holding on to US$ is still king probably through this century.
@joshuacrosby8176
Жыл бұрын
The USD is based on the 5th and 7th fleets and the obvious propensity of the USG to use them.
@chilibaldrr840
Жыл бұрын
COVID-19 designed in the United States by US tax dollars and printed currency via the NIH, Eco Health and big Pharma. WHO funded primarily by Bill Gates. Big Tech censorship leaning radically left and Marxist, Google Facebook Twitter all US government/military controlled projects. CIA regime changes globally. Iraq invasion and Afghanistan debacle. A few samples of corruption. The US dollar is as dirty as it gets.
@ikongchin3088
Жыл бұрын
Guh look fi u mummah who u nuh kno
@NamedeJuice
Жыл бұрын
Why are there so many Jews involved with the MI etc?
@andrewkerr5296
Жыл бұрын
Lol no chance Autocratic Countries in BRICS will go Gold Backed
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