Economists: “The market shall decide your fate.” China: “I am the market!”
@economicsinaction
4 жыл бұрын
"It always has been"
@theendofdemocracyistyranny405
4 жыл бұрын
IMF:China does not Manipulates its currency Economics Explained:I'm a Super Follower of the U.S. government
@MasayaShida
4 жыл бұрын
@@theendofdemocracyistyranny405?
@malikialgeriankabyleswag4200
4 жыл бұрын
Isnt that what communism is in part, centralizing the governance, especially economic branches, toward State control/command.. Isnt this also what Fascism has to do since its based not on principle but a kind of pornographic aesthetic of Triumph, which pretty much means perpetual warfare. And the centralizing of the market with communism always collapses when it comes into contact with a free market and hence communism only works if all markets are commanded which means it will also be in a perpetually imperialist state.. I dont know why I started talking about the necessary tyranny of command economies but *S* *W* *a* *G* bro
@9manny99
4 жыл бұрын
D2 E2 Unlimted Currency.
@swagmanners
4 жыл бұрын
Can Jerome Powell and his money printer defeat the Chinese, find out on the next episode of Dragon Ball Z
@economicsinaction
4 жыл бұрын
That's an episode I'd watch
@Tenchinu
4 жыл бұрын
Not unless he goes Super Powell 3. Market probably need a couple of senzus too.
@Dango428
4 жыл бұрын
@@Tenchinu And a yamcha death. Every story in dragon ball needs a yamcha death
@Melissa-zy6qi
4 жыл бұрын
When Iraq was under Saddam 1 dinar = USD 3.2. Meaning if Irak has foreign debts in the USD worth of USD 1 million, it was only equaled to 300 k dinar. Look at now 1 USD = 1,195. Meaning their USD 1 million debts worth 1 Billion Dinar. That was increament of 1,195 times. How about if 1 USD = 2 Trillion dinar? What if Iraq becomes default and cannot pay? What do you think the USA will have from Iraq if Iraq is default?
@Tenchinu
4 жыл бұрын
Dango428 1 Yamcha death = 1 prayer
@Quickonomics
4 жыл бұрын
China be like "to beat the market... we must become the market!"
@johndohe1146
4 жыл бұрын
To beat the top comment, this must become the top comment!"
@SuperNovaJinckUFO
4 жыл бұрын
In so many ways XD
@keubis2132
4 жыл бұрын
in soviet china market is not controlled by you you are controlled by the government
@donnied6151
4 жыл бұрын
I think your all just drinking the anti China US administration propaganda, who by the way with its massive trade deficits and debts to China feels like its gonna get knocked off the top of the hill. Facts are China is a hardworking nation that saves and does in fact have rule of law (unless you listen to Mike Pompeo) and as a result is prospering. It would be great for them to destabilize China, for example with a overnight introduction of democracy, which historically results in massive strife, the list is long and does include the US revolutionary war, French Revolution and never mind that Germany and Japan had to be bombed into oblivion for them to become democratic. We can go right back to what by many is considered the start of modern democracy, signing of the Magna Karta, war war war. I love how the high priests are sharpening their knives for the sacrifice of others they are preparing for democracy. Democracy is all good btw but its introductory process is not and the only reason why USSR didnt have a civil war when it broke up is because Gorbachov didn't want a civil war in a country with nuclear weapons, but never mind the massive internal destabilization and the proxy wars that resulted out of that. I seriously doubt the US would have wrecked the middle east if the USSR was still around, its funny hearing the US talk about internal checks and balances of power, but does anyone ever wonder, what about external checks and balances to power, or does human nature just look inward?
@Samuel-th6fw
4 жыл бұрын
Funny how that is like actually what a socialist planned economy is.
@Snusnu2977
4 жыл бұрын
China : set up own foreign exchange to devalue our currency US : use quantitative easing India: as usual our currency value going down
@Shobi-u5k
3 жыл бұрын
😂👍
@floppingtuna2022
3 жыл бұрын
F india
@mainmusik3677
Жыл бұрын
😂😂😂
@EqualsThreeable
4 жыл бұрын
In China people’s standards of living are slowly increasing, it’s not long ago many more people were living as peasants on farms in rural China, as this improves you could expect people to demand more from their economy. This means more services and goods consumed by their people. People expect to be paid more and the cost of doing business goes up. All of a sudden it’s not so cheap to do business in China as it once was.
@sausagejockyGaming
4 жыл бұрын
Its the middle income trap, as workers demand more money the cheap labour is no longer there, then itll likely go to india then the same will happen to them, then probably some african nation but if no nation is available they would choose a country with the best infrastructure, either the US or a western european nation.
@TheSuperior100
4 жыл бұрын
@@sausagejockyGaming Countries get stuck in the middle income trap because they can't innovate and create new high tech goods. China is already a highly innovative economy with lots of high tech companies. No way China gets stuck in middle income.
@jonwick7635
4 жыл бұрын
Yep. Factories are moving to Vietnam & Indonesia to mitigate this
@andyfriederichsen
4 жыл бұрын
And their freedoms are decreasing.
@Andrerc0
4 жыл бұрын
@@TheSuperior100 By refering innovation I think you mispelled IP theft
@QuestionEverythingButWHY
4 жыл бұрын
“The supreme art of war is to subdue the enemy without fighting.” ― Sun Tzu, The Art of War
@yay-cat
4 жыл бұрын
i’m reading that book right now
@QuestionEverythingButWHY
4 жыл бұрын
@@yay-cat What's your impression till now? There's also a documentary available in youtube on the same title.
@AlexFlodder
4 жыл бұрын
And with the sheer amount of (usa) dollars china owns, what if they start selling dollars for .75 of the value? China is big enough and if they have the reserve*, they can ruin the usa dollar at a very high price, but cheaper than an all out war. *They are really building up usa dollars and gold.
@hxsjdbdjavs
4 жыл бұрын
I like the fact that you compared one of the timeless classic book with the vile act of absolute evil from CCP.
@Manuel-gu9ls
4 жыл бұрын
Indeed
@QuestionEverythingButWHY
4 жыл бұрын
In alternate universe, Dale Carnegie wrote “Don't be afraid of enemies who attack you. Be afraid of the friends who flatter you.” ― How to Win TRADE and Influence PRICES
@leeoswald668
4 жыл бұрын
Dale Carnegie title, I went to the comments to find who knows it too 👍
@Melissa-zy6qi
4 жыл бұрын
When Iraq was under Saddam 1 dinar = USD 3.2. Meaning if Irak has foreign debts in the USD worth of USD 1 million, it was only equaled to 300 k dinar. Look at now 1 USD = 1,195. Meaning their USD 1 million debts worth 1 Billion Dinar. That was increament of 1,195 times. How about if 1 USD = 2 Trillion dinar? What if Iraq becomes default and cannot pay? What do you think the USA will have from Iraq if Iraq is default?
@tren-y2m
4 жыл бұрын
@@Melissa-zy6qi That is a completely different question and an open-ended one at that. You're better off asking it in a political Subreddit or community
@aidenwang803
4 жыл бұрын
Economists: Market rules above everything China: Becomes the market Economists: you're not supposed to do that
@Melissa-zy6qi
4 жыл бұрын
When Iraq was under Saddam 1 dinar = USD 3.2. Meaning if Irak has foreign debts in the USD worth of USD 1 million, it was only equaled to 300 k dinar. Look at now 1 USD = 1,195. Meaning their USD 1 million debts worth 1 Billion Dinar. That was increament of 1,195 times. How about if 1 USD = 2 Trillion dinar? What if Iraq becomes default and cannot pay? What do you think the USA will have from Iraq if Iraq is default?
@Melissa-zy6qi
4 жыл бұрын
@D2 E2 the more the better so they world knows the brainwash done by the USA is on now. In fact that brainwash is not true. So this posting just want to let the world know another side of the coin.
@Lobos222
4 жыл бұрын
@@Melissa-zy6qi So your argument is that two wars and a decade of sanctions between them wouldnt have a impact on its currency value... Your shallow comment looks like a copy past a 50center would post. You even admit that you spam it.
@economicsinaction
4 жыл бұрын
I see a meme in a comment, I press like, well played aiden wang, well played
@sor3999
4 жыл бұрын
Economists: The market will decide your fate. China: I am the market!
@87mhd
4 жыл бұрын
I like how EE talks about economists in third person as if he wasn't one
@alexpotts6520
4 жыл бұрын
I think there is a difference, though. EE doesn't do personal opinions, his aim is to inform rather than evangelise. It's absolutely fair for him to point out what is his own view and what is consensus, or indeed controversy, among the profession.
@darrellng7617
4 жыл бұрын
I think economist is reserved for the ones actually applying the theories in real world setting..it's fair enough for him who seems to be purely in the academia.
bruh he spent the whole second half of the video explaining the difference between the two
@HR15DE
4 жыл бұрын
yeah how is this not a currency manipulation ? dollar index is at 92!!!!!!
@Samuel-th6fw
4 жыл бұрын
@Stephen Jenkins It's the comment section, don't be so serious about everything.
@Clement3121
4 жыл бұрын
More like Venezuela....
@spaceboi231
4 жыл бұрын
you forgot to mention that when China buys foreign currencies, those currencies increase in value. While any single spender normally wouldn't affect the price, the Chinese government can move around so much currency that they can manipulate the currencies of *other* nations on top of their own, but to a more limited extent.
@Blaqjaqshellaq
4 жыл бұрын
When a nation is competing with rivals that are more developed economically, it makes sense to interfere with free markets in the form of import tariffs or devalued currency to promote its own development. (The US did it back in the 19th century.) When it becomes equally developed, however, such interference becomes disadvantageous.
@Melissa-zy6qi
4 жыл бұрын
LOL That's outdated theory. Obama has done it and the economy did not work. Then he did QE or made the USD expensive and then the economy run well. The same as BMW,LV etc, will they sell cheap to promote their products? Nope
@dpokor
4 жыл бұрын
19th century? How about Bretton Woods and the fake peg of gold to dollar? It wouldn't have become the world reserve currency but for that trick making dollars "as good as gold". Somehow they only managed to keep the farce going for 25 years but it's effect lasts up to this date
@Melissa-zy6qi
4 жыл бұрын
@@dpokor This dollar reserve currency should be ended soon other wise the US will corrupt this system and make other countries victims of their bullies. I guess the first think to do is using gold for everything. When the USD increases in values than purchasing more gold.
@Blaqjaqshellaq
4 жыл бұрын
@@dpokor It seems appropriate for a time when the world was rebuilding after WWII's devastation. Was there a better way?
@dpokor
4 жыл бұрын
@@Blaqjaqshellaq I'll always answer: letting the invisible hand of the free market figure it out. No central planning, even if it's comfortable for those occupying power for 4-8 years, they are always short-sighted
@izyanimations9417
4 жыл бұрын
**My Chinese friend starts laughing like a maniac while reading her book** Me- *“I’m not sure if she’s laughing about her book or her plans for world domination!?!”*
@mingweing8081
4 жыл бұрын
Ah yes, puns for the intellectuals "How to win trades and influence prices."
@FinanceOptimum
4 жыл бұрын
😂
@Inquiring
4 жыл бұрын
Finance Optimum Your channel is great.
@Melissa-zy6qi
4 жыл бұрын
When Iraq was under Saddam 1 dinar = USD 3.2. Meaning if Irak has foreign debts in the USD worth of USD 1 million, it was only equaled to 300 k dinar. Look at now 1 USD = 1,195. Meaning their USD 1 million debts worth 1 Billion Dinar. That was increament of 1,195 times. How about if 1 USD = 2 Trillion dinar? What if Iraq becomes default and cannot pay? What do you think the USA will have from Iraq if Iraq is default?
@dr_zyzz
4 жыл бұрын
Melissa WANG they’ll probably take over our oil fields, set up more bases, have more control over Iraq... etc.
@viveksalotkar839
4 жыл бұрын
@@Melissa-zy6qi occupy iraq
@Thedarkknight2244
4 жыл бұрын
Love this channel! You just have to do the economics of the British Empire. It can cover the tea trade, cotton industry with india, the opium wars, the east india company being nationalized, the founding of stock trading and there's so much more content than this!
@alexpotts6520
4 жыл бұрын
There's already an episode on the East India Company IIRC.
@drjp4212
4 жыл бұрын
@D2 E2 Slavery and theft? Roman Empire? Any other Empire?
@00x0xx
4 жыл бұрын
@D2 E2 The foundation of every Empire in existence is slavery and theft. Whether they're seen as good depends on how much social and technological progress they've made with the slavery and stolen wealth.
@timothygoosby6942
4 жыл бұрын
@@00x0xx The means we use must be as pure as the ends we seek
@00x0xx
4 жыл бұрын
@@timothygoosby6942 Indeed. History honors those true to their agenda, despite the destruction they cause to others; and dishonors those who are hypocrites, liars and betrayers.
@lamatfoschini1891
4 жыл бұрын
China: Manipulates the currency The US: *Laughs in quantitative easing*
@sdprz7893
4 жыл бұрын
The US does quantitative easing out of necessity not out of strategy
@tony3003001
4 жыл бұрын
#whatcouldpossibygowrong. The last weminar republic “hold my beer you two 😂 ”
@linhaohoward
4 жыл бұрын
John Clemens P. Rubi this is not true. Every nation in the world have their national reserves based on usd. So when US prints a trillion dollar, the expected currency deflation is actually spread across all other countries. It’s like making an ATM withdrawal out of someone’s else’s account.
@linhaohoward
4 жыл бұрын
SDPRZ every nation’s national reserve are based in USD. When US prints money the expected currency deflation is spread across everyone’s national reserve. It’s like making an ATM withdrawal directly from other people’s account. China printing money more or less gives an unfair advantage by keeping their currency low which in turn maintains their cost of good exports’ attractiveness. Although it might be an unfair advantage, but to overseas end-user consumers like me, it still allows me to buy good for a cheaper price which otherwise would’ve been more expensive. However US printing money is outright robbing my country’s national reserve which is robbing from the taxes I paid. You call it a necessity to outright robbery?
@macculu501
4 жыл бұрын
@@sdprz7893 "The US does quantitative easing out of necessity not out of strategy"
@joejia1410
4 жыл бұрын
China is the real-world demonstration of "I have outsmarted your outsmarting"
@kaen_tqk3918
4 жыл бұрын
US: *nooooo you can't just manipulate your currency to give yourself an unfair advantage in the market!* China: *haha currency go brrrr*
@TheDhammaHub
4 жыл бұрын
In history, it has rarely been a good idea to suppress free market effects for too long.
@caorusso4926
4 жыл бұрын
China will fall Comunism is a lie
@noahpolicarpio1530
4 жыл бұрын
No, they just cultivated their domestic brands by walling off foreign brands. Now, they're ready to open up their markets to make sure their homegrown brands stay innovative.
@Nishith8
4 жыл бұрын
@@caorusso4926 china is a state capitalist and not communist
@economicsinaction
4 жыл бұрын
Let's drink to that
@lubu2960
4 жыл бұрын
@@caorusso4926 china is here to stay m8, the sooner you accept it the better
@Visiomax
4 жыл бұрын
Your "how to win friends and influence people“ reference is great!
@owenkeller2748
4 жыл бұрын
Please do “inflation is just a flat tax” next
@adamorpen2980
4 жыл бұрын
I really love the quality of your videos, they’re interesting and very well structured and put together
@Xtonhao
4 жыл бұрын
Hey how about the brazilian real ? i heard it is the most devaluated currency this year for developing countries, and it seems like a big part of the reason is simply because the government wants to. Do you think that this might actually be helpful for our economy in the long term ?
@mcteags
4 жыл бұрын
I just checked your channel yesterday to see if you had created a video on this topic. Then today it popped up in my KZitem feed. Keep up the good work of uploading the exact videos I want to see at exactly the right time.
@darvell.
4 жыл бұрын
Not really related to the content but I'm liking the improvements in the visual branding, clean, slick and simple.
@ScreenwriterGuy
4 жыл бұрын
I think you're complicating this issue. You did explain everything else very well but this, not so much. You could have done better. Simply put, China builds up a reserve of foreign currency by selling its currency. In this process, the price of its currency is set by China, hence it is able to decide how much it is taking in. By pushing its currency to the world, it decreases the value of its currency. This helps building up the local economy because local goods are cheap, and individuals from other countries tend to buy it cheap and sell it for higher prices. Why other countries can't do it, is because no country is so self sufficient, and they're kind of tied up in an agreement before FIAT came into existence (The Bretton Woods Agreement). The Federal Reserve manipulates the market using banks and interest rates through the USA worldwide, while China played the UNO reverse card by collecting cash and sending out products, hence manipulating the market. China knows what it is doing, and it is doing it well. Federal Reserve is a private entity, meanwhile China is a nation. The world cannot keep up with China in prices because it almost in entirety, the world currencies are tied up with the US Dollar. China will keep buying US dollar, deflating the currency whilst the purchasing power is very less. This will toss the US day-to-day economy into chaos. If US stops selling the dollar to China, inflation would occur. This would set it to course, but the purchasing power would increase. This would cause a chain reaction wherein the industries in the US would raise prices and end up screwing up their own people. A better way to handle it will be to stop printing out notes, ask industries not to increase prices, stop selling US dollar to China, and produce things inside of the country. It'll take time to adjust to the prices, but it'll be worth it.
@alexwschan185
4 жыл бұрын
Do you seriously believe that America can tell three separate parts of their country from different locations and levels to collaborate on a single economic goal for maybe 5-10 years?
@matthiasfreaked
4 жыл бұрын
China knows what American politicians want, and how selfish they are. If its free money at the cost of Americans, they don't care, suffering Americans arent their problem
@tayyikai5470
4 жыл бұрын
Does anyone know where are sources? I can't see them
@forthepotentates7526
4 жыл бұрын
I don't trust channels who don't list or quote their sources and instead fill their "Info" section with the names of their patreons 👎
@mrmeseeks8790
4 жыл бұрын
Drop a dollar on Patreon to access their research material and have your doubts resolved in an exclusive QnA. These guys work hard to produce the videos, they are not Chinese government printing inflated gdp figures.
@EverythingisGoodieBud
4 жыл бұрын
Q&A second channel, hit them up any time
@tayyikai5470
4 жыл бұрын
@@mrmeseeks8790 but he specifically said that he would put sources in the description. Unless perhaps I heard wrong.
@VictoriousGardenosaurus
4 жыл бұрын
Seen plenty of channels put up their info and sources for free.
@tony1duan
4 жыл бұрын
And if you read about history, the rest of the world hasn’t been fair to China too in the past 200 years.
@benedictosamosir9109
4 жыл бұрын
the world hasn't been fair to the world if you go back long enough. Well maybe not to the brits.
@chbuki
4 жыл бұрын
Just a question on the Cadillac vs Mercedes analogy, but if the value of the dollar decreases, wouldn't the cost to produce the Cadillac increase as well, thereby increasing the cost of the car?
@bananalord8461
4 жыл бұрын
Oh that dude was staring at the wrong direction he’s gonna disappear 0:48
@bluefeather2889
4 жыл бұрын
Sure is
@Melissa-zy6qi
4 жыл бұрын
When Iraq was under Saddam 1 dinar = USD 3.2. Meaning if Irak has foreign debts in the USD worth of USD 1 million, it was only equaled to 300 k dinar. Look at now 1 USD = 1,195. Meaning their USD 1 million debts worth 1 Billion Dinar. That was increament of 1,195 times. How about if 1 USD = 2 Trillion dinar? What if Iraq becomes default and cannot pay? What do you think the USA will have from Iraq if Iraq is default?
@shorewall
4 жыл бұрын
@@Melissa-zy6qi Probably what China is expecting to get from the Belt and Road countries when they can't pay back their predatory loans.
@nathaniellong4281
4 жыл бұрын
"Look! It's Godzilla!" "No, it's China manipulating it's currency!"
@MrYsosad
4 жыл бұрын
western news: China is the biggest currency manipulator! The USA FED: am I a joke to you?
@jaydonly2336
4 жыл бұрын
I’m loving this new “Chapter ___” format 10/10
@AdityaKadamMechanical
4 жыл бұрын
Ease of doing business report this year is cancelled because of China, Azerbaijan, UAE & Saudi Arabians manipulating the data🔥
@Rudenbehr
4 жыл бұрын
China is incredibly easy to do business with. They will literally disappear their own population if they get in the way of profits for you and the government,
@overlord9476
4 жыл бұрын
@@Rudenbehr if so why isn't China free market?
@beastyms
4 жыл бұрын
I hear "Toyota Corola" Me: "Am I watching Real life lore?"
@Snusnu2977
4 жыл бұрын
Me too
@rhythmandacoustics
4 жыл бұрын
I guess EE like RnB so much he started to become an artist in China.
@stc2828
4 жыл бұрын
I would gladly accept Mexico peso too. They all exchange to USD pretty easily anyway.
@user-iy3gx9qg4y
4 жыл бұрын
where is the link to an article?
@Mark-zv7tk
3 жыл бұрын
US economists: China how did you beat the market? Chinese Thanos: I used the market to destroy the market
@Lobos222
4 жыл бұрын
Just keep in mind that some toll barriers are because of national security. For example food. Its wise for any nation to retain some level of food production and if that nation has limited access to producing food. It goes without saying that it will usually cost more, so in order to be financially viable you need toll barriers. These toll barriers are also often seasonal based.
@gregtaylor8073
4 жыл бұрын
Doesn't the US manipulate it's currency through the Federal Reserve
@dennisp8520
4 жыл бұрын
The federal reserve isn't ran by the government. The decisions it makes is entirely separate from the US government itself. The currency itself doesn't get manipulated like the Chinese government does things.
@DJPleasureSeekingMissle
4 жыл бұрын
Yes, it’s called Quantitative Easing
@samkalapseudo8998
4 жыл бұрын
@@dennisp8520 keep dreaming
@zeus907
4 жыл бұрын
@@dennisp8520 That's bullshit. Look up the website of the federal reserve. It's www.federalreserve.gov. What does gov stand for? Also, its board members are nominated by the president and confirmed by the senate. Pray tell what kind of private enterprise free of government control would have such a structure in place.
@dennisp8520
4 жыл бұрын
@@zeus907 oh god, please help this poor ignorant soul. The federal reserve is literally doing its own independent thing. The president, Congress, etc don't have any say over its montary policy. That is different from China who littlerally can have their leader snap there figures to change how the money is being printed and so forth. www.federalreserve.gov/faqs/about_12799.htm
@in4ser
4 жыл бұрын
Be careful what you wish for, if China increases the value of its currency it becomes a more powerful and larger consumer market because a strong CNY means more buying influence for every one of its billion citizens. Hypothetically if the CNY is allowed to appreciate to 1:2 USD then its economy will double the size of the US economy. Meaning in total, China can dictate demand with greater influence to multinational companies to reflect Chinese needs and wishes. Weaker supply-side productive competitiveness for stronger demand-side consumer power. People complain about Disney or NBA catering to the Chinese market but a strong CNY means that it will only intensify multinational businesses ' desire to lobby and kotow the CCP line in order to get market access.
@TheDarkever
4 жыл бұрын
Oh and here I thought they were mostly doing it by printing a MASSIVE amount of money to keep the price low. I had no idea they kept is absolutely FIXED.
@FingeringThings
4 жыл бұрын
Do a video on the economics of patreon supporters
@vanivanov9571
4 жыл бұрын
Effectively, China subsidizes their buyers/sellers, reducing prices. That's a much simpler way of putting it. At that rate, if someone else is paying, you should just buy all their stuff and sell it at a profit. The money you generate and labour savings can be used to invest into your own society.
@Trumpianet
4 жыл бұрын
You get a like just off the strength of that title
@IbrahimMohamed-hr2so
4 жыл бұрын
this is your best video by far and i have been watching your videos for more then 8 months
@ethan20559
4 жыл бұрын
I LOVED the Simpsons reference, I know this would probably mean a lot more work, but the Simpsons has a lot of material that may relate to your videos, and would add a lot to the video.
@tomasdeponte9515
4 жыл бұрын
We would like to see a video explaining the economy of Finland!
@112313
4 жыл бұрын
Sure....america never manipulates its own currency, sureeeeeeeee
@jordanknight336
4 жыл бұрын
bruh he spent the whole second half of the video explaining the difference between money printing and what china does.
@112313
4 жыл бұрын
Uh, yeah, i commented this after the first sentence he uttered....shot my gun too early.
@mikle65
4 жыл бұрын
if china would sell the usd paid trough trading for yuan on the FX market, the usd would weaken and the yuan would strengthen, so after some time it would not be worth the trade. This is why china buys US bonds and treasuries from the US and bank of china "prints" yuan instead to weaken it's currency. A strong yuan would damage the export market of the country.
@prav077
4 жыл бұрын
Please make a video on what can be the reasons that can make USD loose it’s grip in on as The worlds reserve currency.
@maryjones7692
4 жыл бұрын
Hey dude, Excellent video analysis, I count myself to be successful in trading because of the amazing strategy of Mr Jack Jones, My portfolio have grown tremendously courtesy to his great mentorship.
@forexvisit3325
4 жыл бұрын
This is absolutely encouraging, My friend referred me to this same trader (Jack) few days back after hiding her source of income from me for 3 months!
@thomgarcia4983
4 жыл бұрын
How do i contact your broker?
@lawrencerodrigo8335
4 жыл бұрын
He gives me a great percentage of profit and i beerly encounter any losses with his amazing strategy through out my 2 years of investing with him. I invested $10,000 as of last month and i made a huge profit of $17,350 in just 2 weeks, all thanks to Mr Jack Jones.
@maryjones7692
4 жыл бұрын
@@thomgarcia4983 I literally don't lose funds to the stock market anymore. All thanks to the genius Mr Jack Jones. His strategy is second to none. Take this as a favor just hit him up.
@emakruz1243
4 жыл бұрын
The rich stay rich by spending like the poor and investing without stopping, then the poor stay poor by spending like rich yet not investing like the rich. I learnt that from Mr Jack Jones who gives me more knowledge no how investments are really done. His really a great broker to brag about anywhere and anytime.
@jeanpaul511
4 жыл бұрын
Woww crystal clear explanation! Thank you EE Love your channel, great rebranding!
@Zestyclose-Big3127
4 жыл бұрын
3:39 just as I was hearing "Leyland" screaming in my head
@shiwwee2386
4 жыл бұрын
I remember my Professor saying that Japan actually manipulates way more times than China.
@matteomancino491
4 жыл бұрын
Just became a Patreon 🧡Keep up the awesome videos
@Verthias
4 жыл бұрын
Many news articles have gone over the topic of China not just manipulating currency but manipulating and dramatically overvaluing GDP growth figures and inflation. Will you do a video on this? I find this highly interesting from an economics perspective.
@12vtbfx37
4 жыл бұрын
China has been hiding its GDP They have been showing weakness on purpose
@forgaoqiang
3 жыл бұрын
I think the opposite, hiding not overvaluing...
@112313
4 жыл бұрын
The thing about this so called dead weight or whatever societal cost u mentioned, think of it like a capitalist type wealth redistribution strategy. The government takes in taxes from the people and businesses, pays for these..."manipulation" thingy, and other nations buy from the businesses, giving them more income, hence producing more tax income. So to get money in, one has to provide goods or services to get that money. So, instead of the government directly giving the money to help alleviate poverty, they made it so that only those hardworking ones gets it, in a self repeating cycle. Think back how this all started, from what economic level they came from. And where they are now. This took some long term planning, and i would argue, if you are worried about china now with its "currency manipulation", you will really be even more worried and afraid when it is fully freely floated. Because that will be the point when the chinese government decide the benefits of free floating yuan will be far more beneficial to china as a whole than a "controlled" one.
@vagga2u14
4 жыл бұрын
Always love your videos, and this is no exception. Thank you!
@abdulakram6839
4 жыл бұрын
lol I am pretty sure the US does the same thing when it suits them.
@tenminutetokyo2643
4 жыл бұрын
The US dollar floats freely in world currency markets - as do all other WTO member's currencies. Except China of course. It's the only WTO member not required to do so. Talk about a rigged market.
@joshnabours9102
4 жыл бұрын
That import tax is what Harley did in the 80s and why import bike brands had fewer bikes over 700ccs during that time.
@MrKogline
4 жыл бұрын
Can we just start calling tariffs TAXES and admit that Trump drastically raised TAXES on commodities which hurts the consumer, especially the middle class, which is the primary consumer?
@sdprz7893
4 жыл бұрын
Don't let the trump fanboys hear you say that. All his policies are genius and apparently he's doing a great job
@ShnoogleMan
4 жыл бұрын
“iT’s BaSiC eCoNoMiCs” said the guy who never took an econ class and thinks socialism is when the government does stuff.
@MrKogline
4 жыл бұрын
@Stephen Jenkins ...Or we could have just used TPP which SPECIFICALLY barred China from the table and LOWERED taxes. But, that was Obama, so lowering taxes is now socialism now I guess.
@lcsullafelix5357
4 жыл бұрын
I apologise but where can one get the sources for the video. Checked the description. Thanks in advance
@pranjalsharma8960
4 жыл бұрын
most of the developing ecnomies do this though. one way or another
@aussieboy4090
4 жыл бұрын
China's centralised bureaucracy allows it to make swift radical changes and adjustments in its economy.
@WildsDreams45
4 жыл бұрын
I didn't realize cheating was a thing when we talk about winners and losers in an uncontrolled environment.
@biologyinaction1443
4 жыл бұрын
can you make a video on Pakistan military budget economy and foreign debt relating them because after 6 months of my own research things are still messy also including china's self interest in cpec(china Pakistan economic corridor) and electrical infrastructure development
@EconomicsExplained
4 жыл бұрын
Thanks as always for watching :D This video was requested by the team over on Patreon. If you want to have your say on what video is produced next please consider supporting the channel. www.patreon.com/EconomicsExplained
@henrythegod6756
4 жыл бұрын
I like the mirror of the title with a particular book :)
@BlazingiZZi
4 жыл бұрын
This is a hard topic for me, gotta rewatch a couple of time more to fully understand this topic
@atjohnson4831
4 жыл бұрын
Could you do a video on the Zimbabwe hyperinflation?
@levelazn
3 жыл бұрын
America " china you are manipulating your currency!" America "us dollar is global reserve currency"
@pluralizes01
4 жыл бұрын
Economics explained, your content is extremely informative and enriching!!!! I would love you to create a youtube original series as soon as possible. I love your channel and content! ps. do not worry about the new bill the Australian government wants to pass. The KZitem community has your back!
@jijov.j1545
4 жыл бұрын
Ecnomic Explains Pls , make a video about How to make USA health care system affordable in the capitalist method .........
@Fire-ci4se
4 жыл бұрын
Just make more money lol , then it becomes affordable
@arcelivez
Жыл бұрын
Great video! Just one problem: the Chinese currency is the yuan and not RnB. RnB is a music style.
@Throwaway-kg7ft
4 жыл бұрын
I really like the way you empahize the word "but".
@whyarehumans
4 жыл бұрын
An educational channel on youtube about what is considered one of the most boring topics ever, has cliffhangers. Lol.
@sternendrache
4 жыл бұрын
So is that what the Swiss National Bank did with the Euro? For around 2011 to 2014, you had to pay at least 1.20 Swiss Francs for 1 Euro. That has been lifted by now but I still wondered how they pulled that off.
@anonymous7810
4 жыл бұрын
Really felt attacked at 12:55 😓
@thecircuitofthecars8028
4 жыл бұрын
Showed an Apple Store when talking about local industries 3:18
@jairopena1396
4 жыл бұрын
Can you make a video explaining how the US and European countries manipulate world trade by their dumping practices? Thank you.
@jamesodell3064
4 жыл бұрын
Another way a country advantages its own products is with a value added tax which is added onto imports but not exports. Here in the USA health care is often paid for by employers as part of wage compensation. In many other countries such as our wonderful neighbor Canada health care is to a large part paid for by the value added tax and not in the wages of employees.
@sivancohen4940
3 жыл бұрын
"I couldnt defeat the market, so I became the market" - China
@FifinatorKlon
4 жыл бұрын
Is this channel dedicated to the famous school of Australian Economics I constantly hear about?
@spartannerd1
4 жыл бұрын
One hugely important thing that was forgotten in this video that China's currency is less valuable because of currency controls( there are limits on how much money you can exchange) . Thus China does manipulate their currency, just not in a conventional way. THIS also means China's RMB will have a hard time being a reserve currency, which is a good thing for the US
@alexandroferreirafreitas9420
4 жыл бұрын
They'll just create some cryptocurrency to replace the dollar as reserve currency. The private sector of the US is unmatched, but it's state bureacracy and politicians are miles behind Chinese ones...
@spartannerd1
4 жыл бұрын
@@alexandroferreirafreitas9420 the new cryptocurrency coming out from china probably wont be a reserve currency, however, the US will probably lose its reserve currency status to a basket of currencies. I.e. instead of being apart of 90 percent of all transactions it will fall to like 60%. This will hurt US dollar value
@JP840_2
4 жыл бұрын
Great video summary, thanks! I had two questions: 1) Does the somewhat recent purchase of property/stake/other foreign investment by CCP-backed organizations affect your outlook at all on the recent easing of controls on the RMB? i.e. TenCent 2) Given your conclusion, is a tariff a reasonable response to this type of manipulation? Seemed like a large number of people were angry about recent US tariffs on Chinese imports.
@Fencingfish69
4 жыл бұрын
for 2) i think manipulation of currency and imposing tariffs are essentially the same in terms of purpose, both help increase the competitivity of one country's companies in global market. Problem of increasing tariffs is that reciprocal response may be taken and this only benefits the third party in international trade.
@Melissa-zy6qi
4 жыл бұрын
When Iraq was under Saddam 1 dinar = USD 3.2. Meaning if Irak has foreign debts in the USD worth of USD 1 million, it was only equaled to 300 k dinar. Look at now 1 USD = 1,195. Meaning their USD 1 million debts worth 1 Billion Dinar. That was increament of 1,195 times. How about if 1 USD = 2 Trillion dinar? What if Iraq becomes default and cannot pay? What do you think the USA will have from Iraq if Iraq is default?
@BrandonSchleifer
4 жыл бұрын
The problem with free trade is that companies use it to bypass regulations. If I have to pay employees high wages with benefits, obey strict environmental and safety regulations, and pay high taxes to support a welfare state, it becomes very easy to justify the cost of two-way trans-Pacific shipping just to move manufacturing to a country without regulations or workers rights. This is why free trade between economically similar nations, like the UK and EU, makes sense, but free trade with countries like China is bad.
@rickv9180
4 жыл бұрын
If your economy is centrally controlled, then it's easy to manipulate the currency
@Dear_Mr._Isaiah_Deringer
4 жыл бұрын
Why does anyone manipulate their own currency? Well manipulating another currency would be… problematic.
@Mythhammer
4 жыл бұрын
Free trade is great in theory. In practice, having critical things like medicine, PPE, certain electronics, and other such made outside of ones country has been demonstrated to be a rather bad idea.
@gabsinventions9135
4 жыл бұрын
I truly love your sober takeaways on China`s economy, it really helps one's research on understanding how a global society works. Thank you very much sensei!
@hotchi1566
4 жыл бұрын
Is there a country that does not manipulate its own currency?
@CloudElve
3 жыл бұрын
"Now obviously, any self respecting German would not be caught dead driving a Cadillac" xDD
@RosscoAW
4 жыл бұрын
More China! It's both exceedingly informative (for Western audiences, who don't usually get much exposure to...depth when it comes to China), and the contrasts with Western economics elucidates what we often take for granted.
@DanielBlak
4 жыл бұрын
Looking forward to the next one. The biggest barrier to the RMB rivalling the USD is that Chinese people can only exchange $50k worth of RMB to other currencies a year. Which makes it the most useless currency to own...
@JanjayTrollface
4 жыл бұрын
AHAH!! Nice closing remarks, I was hoping that was where you were going to go! Looking forward to it *8 )
@p46709394
4 жыл бұрын
TLDR: If you try to stabilize the exchange rate against American interest, you are manipulating it. PERIOD.
@Somnxm
4 жыл бұрын
8:46 That'd be one powerful rig 👀
@haoye8619
4 жыл бұрын
So sad.. This is the only free market country the US wanted to manipulate its currency but failed.
@tianwang3768
3 жыл бұрын
One thing I’m still not getting: if China is to gain an advantage by manipulating currency, then rmb against other currencies has to go down. So by expectations, usd to rmb should go from 1:6.5 to 1:7 to 1:8 and so on. But in reality, usd to rmb has been in the 6.2 to 7 range for as long as I could remember things, which means China doesn’t really have the advantage of a devalued currency in the past 10 years(against the US at least) So either China is not manipulating currency to a noticeable extent or the American money printer is just that powerful that usd is also devaluing at almost the same rate
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