Panama Canal Crisis - How it Impacts the World Economy
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- Опубликовано: 4 авг 2024
- Patrick Bet-David uncovers the history and economic influence of the Panama Canal on the world economy from its inception, vital role in global trade, and current crisis.
From the Canal's lock system to the likelihood of an expansion by the Panama Canal Authority, PBD unveils the challenges the Canal faces today. The video also explains how a Panama Canal gridlock compares to the 2021 Suez Canal crisis when the Ever Given, a container megaship, affected the entire shipping industry by getting stuck in the canal.
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Patrick Bet-David is the founder and CEO of Valuetainment Media. He is the author of the #1 Wall Street Journal Bestseller Your Next Five Moves (Simon & Schuster) and a father of 2 boys and 2 girls. He currently resides in Ft. Lauderdale, Florida.
PBD is excellent because he delves into various subjects that the MSM wouldn't dare touch or go near out of it negatively affecting their agenda..
Case Studies. This guy knows the importance of Case Studies. He's a real student and teacher of life.
He duped me with the "crisis"...it's an issue, and not a major one for years. I turned it off.
This would ruin MSM agenda??? Get a grip
Such as..? Why wouldn't they report on a story like this? I bet they have
Maybe America should fix its crappy rail system. Or nah... keep fixing Ukraine... until there's nothing left of it....
I am born, raised and live in Panamá, this year’s unexpected drought is causing so many problems also for agriculture, hydro electrics, and of course and most significant the canal.
Thank you PBD for the quality of entrepreneurship, economics, political and fatherhood content all based on FACTS/STATS. My friend Alejandro and I are big fans of your work. We are young entrepreneurs and learn so much from your TOTALLY FREE content.
The French used slaves from the Caribbean to build the canal. Those are the people that died... black Caribbean slaves
Correct! This is caused mainly because of El Niño
@@user_ytndslk Bullshit.
Panama is a narrow strip of land that literally sits between TWO OCEANS, with an extremely tropical climate. I don't buy the "drought" crap. This thing smells more like extortion.
@@morpheus6749 do you live here=???? it's rainy season, but it ain't raining, look where I live we have a tough rainy season, it rains a lot but this year is different, drought is caused by EL NIÑO, look it up on google
This used to be one of my most watched channels... sadly, it's been a while since i visited it has been a very rough year... i am experiencing one of the toughest phases of my life... Lost a fortune lnvesting in emerging companies. Hopeful, for a turnaround.
Hi Mike. Any ideas how to reach Gary Joe Wilde? I love the testimonies I have seen about him he seems not to own a video channel here.
Investing so much in emerging companies is a horrible decision. Investing should be like the healthy food pyramid. BTW, I commend Gary's trading pattern too. Different perspective, different technique
Hang in there.
This comment thread is some serious marketing tactic
You should watch it more. Focus on your goals.
The quantity of capital you invest, though, ultimately determines everything. With a substantial start-up budget, you could be able to earn more, Its high time one stops relying on the govt with their daily built up stories to deceive the crowd. like haven’t they done enough
Your coach was simple to discover online. I did my research on him before I scheduled our phone call. He appears knowledgeable based on his online resume.
@Joehart001 With the help Sir John Desmond Heppolette, I've gained perfectly well from my investment. The quantity of capital you invest, though, ultimately determines everything. With a substantial start-up budget, you could be able to earn more Gains..
My husband is a captain of one of the ships that has gone through the Panama canal. He no longer does because they go from the east coast straight to Europe but has gone through many times in the past.
I appreciate your passion when it comes to your reporting on this.
Just because he doesn't go through it now doesn't mean his ship won't in the future. It means alot to me that he can get home earlier and safer.
Your husband is a pinkbooty devil😂😂 sinner
Just curious, why don't ships go through the Gulf of Mexico and arrive to Texas, then distribute through train?
@@funtimesthatsit4260 Soon this will help. Mexico is opening a complimentary option. Its about 80-90% complete. The interoceanic corridor Isthmus of Tehuantepec. They are upgrading two ports one on the Pacific side and Atlantic one to handle the traffic, They are tendering 10 industrial parks to not only facilitate transportation from the Asia to US and vice versa but to also add aggregated to value to products made there.
@@funtimesthatsit4260unions
Patrick isn't as smart as you think he is. Just ship the containers by train from NY to LA. Cheaper, faster, and less dangerous. Wake up clown lady!
They need to find a another route. thumbs up bro your explaining is brilliant.
There will be a new option that Pat didn’t mention. Mexico is inaugurating a railroad specifically for cargo connecting pacific and Atlantic with a renewed port infrastructure. That will be a economic and fast option.
A few years ago, I read a article on the Panama Canal. It was describing the problem of the future wasn't that it would dry up. But rather the container ships are getting much bigger and heavier. Thus, it takes more water to lift them.
I've been through the canal several times. It is awesome. The Panama and Suez canal are the only two places that the captain is relived of his duties. He has to stay on the bridge.
I'm a Merchant Marine, 26 years at sea..... so far.
What is a merchant marine and can I become one
@@Costumekiller, yes you can a Merchant Marine is a sailor. You will have to start out as a OS which is a ordinary Seaman, then AB which is able bodied Seaman. Then make a choice of either go to the bridge as a captain or go to the engine room as a chief engineer. Go online to homeland security for the ordinary Seaman paperwork. If you need help let me know.
I'm retired. Carry on Brother. 👍🙌
only in Panama, and only inside the locks is the Master exempted of responsibility..inform people accurately, don t be a bum..
@@CostumekillerCheck with NOAA. Go to a port office, start collecting paperwork. Don't give up or ask on any ship to talk to the Chief Bolson
Great video. You forgot one competition to the Panama Canal, that is already underway. Mexico is putting in like 6-8 lanes of tracks between the Gulf of Mexico and the Bahia de Tehuantepec. The saddle of Mexico where from coast to coast straight line is only 146 miles. Ships will tie up either in Gulf of Mexico Port or on Pacific at Salinas Cruz and off load their containers about 2 days and then onload them to other ship s on the other side, (probably same amount of time), and only like 146 miles in a straight line of site or 8 hours in transit by rail across the Tehuantepec narrows. This is not a pie in the sky dream, the project is already going ahead and will probably be completed in only 2 years.
You beat me to the punch by 4 hours...yes your right. .Kudos to AMLO!!!!
Actually, the “Corredor Interoceánico del Istmo de Tehuantepec” will be operating in the first quarter of 2024. In addition, several industrial facilities are being built along the railroad path, and as far as I know, many international companies have already applied to settle there.
Knowing Mexico it will be dedicated to the drug trade not legit commerce.
@@dannyshark7822before you open your mouth you should do more research and see what the New Mexican government has done. Tell American government to stop the flow of guns to Mexico !!!!
@dannyshark7822 American demand is high mexico just doing business 😂
I didn’t know you did these other videos. Been tuning in for the PBD podcast from time to time. These videos are very informative.
Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly
Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.
This is superb! information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor ?
Through closely monitoring the performance of my portfolio, I have witnessed a remarkable growth of $508k in just the past two quarters. This experience has shed light on why experienced traders are able to generate substantial returns even in lesser-known markets. It is safe to say that this bold decision has been one of the most impactful choices I have made recently.
I’ve actually been looking into advisors lately, the news I’ve been seeing in the market hasn’t been so encouraging. who’s the person guiding you?
Do you mind sharing info on the adviser who assisted you? I’m 40 now and would love to grow my stock portfolio and plan my retirement.
When I was there in the mid-90s in the Army, the canal waiting line was 13-18 days long just to get into it, and the canal was 300% behind schedule being dredged. The cost a ship had to pay to go through the canal plus the wait list made it more economical for some newer ships to go around South America. Also, many newer, faster ships are too wide to go through the canal. There is a type of ship we called a "Pana-max" that was the maximum width to fit in the canal locks with only about a foot clearance on either side of the ship. If you've seen them, they look taller than they are wide. It's only about 60 miles along the trans-isthus highway to drive along the same route as the canal to get from the Atlantic to the Pacific. Before we gave the canal to Panama and left, the US military was the 2nd largest employer of Panamanian people, behind only Chiquita banana.
Fuck chiquita fuck dole fuck the United Fruit Company and last but no least fuck the CIA
The canal was expanded in 2014 to include a new set of locks that can hold post-panamax size ships
He is exaggerating things the south American route was used since 1500 to 1950s (that went from 100% use to 40%) it's the main route since forever 😅
The panama canal is only used for Europe to west coast USA
But the south American route is the second most important and many chipping is exported like all avocados , olive oil, wines meats are imported through the South American route to west coast USA
The French used slaves from the Caribbean to build the canal. Those are the people that died... black Caribbean slaves
@@user_ytndslk thats the dumbest thing I've heard all day.
It's worth to mention the following 1- The expansion of the Canal (3rd set of locks) was finished in 2016 and started operating the same year and has the capacity to "carry" bigger vessels (New Panamax) than the original locks (Panamax). 2- The Panama Canal Railway , leased to and operated by "Canadian Pacific Kansas City + Mi-Jack Products" currently transports 800k containers per year with the ability to transpot 2m containers per year from the Caribbean to the Pacific and vice versa. 3- There are four major international commercial ports (2 in the Pacific terminal and 2 in the Caribbean terminal) & some of them have plans for expansion for the following years. This means that the Canal and the logistic facilities are constantly evolving to stay competitive. (expansion of ports, roads, bridges and water supply for the canal). PBD & Valutainment, love your content!
It was a second set of locks that was completed, not third. He mentioned a third is now being planned.
Firstly, there was speculation that the canal would be targeted to disrupt the US economy over a year ago. Secondly, how is a tidal ocean passage impacted by drought? Very suspicious...
@@Homesteadturcke It goes from ocean, elevated fresh water lake, back down to ocean. If it resembled the Suez canal, no problem.
@@HomesteadturckePanama Canal uses 100% FRESH Water from the jungles in the mountains.
@@JR-mo8osthat’s right
Great video PBD! I personally dealt w this from a finance perspective during the Suez crisis. Thank you for informing the average US consumer!
Excellent breakdown PBD! Informative as always
This explained so much about what we were just questioning, why orders were taking from a couple weeks to over a month to arrive. Thanks for educating us.
Keep in mind that it started with a night of lust
The French used slaves from the Caribbean to build the canal. Those are the people that died... black Caribbean slaves
@@jamesharris6368can you elaborate please ?
Panama canal only handles 6% of the world's commerce, The suez canal handles about 30% of the world's commerce.
Simple music can make you sing simple hug can make you feel better simple things can make you happy. I hope my simple Hello make you smile
As a Panamanian born it delighted me to hear you talk about small strip of land that unites Central America to South America and our role in world economy. Thank you very much
Thank the US military that built it.
"Our role in world economy" you got a free canal someone else built.
I suggest you read history to know the truth.
@@leetskeet4476 if the land was not there, you would have built in the air. Remember location, location, location.
It's always envy who fails to conceal itself. Don't listen to them Panamanian sister😂😅!!!
I suggest a sequel to this video introducing the Interoceanic Corridor of the Isthmus of Tehuantepec in Mexico. This innovative project aims to connect the Pacific and Atlantic Oceans via a railway system, linking the port cities of Salina Cruz, Oaxaca, and Coatzacoalcos, Veracruz.
The idea is simple yet groundbreaking: ships would unload their cargo on one side, transport it swiftly by rail across the Isthmus, and then reload it onto another ship awaiting its arrival on the opposite coast. What sets this corridor apart is its incredible efficiency. It has the capacity to transport 1.4 million containers annually, completing the journey in under six hours. To put this in context, the Panama Canal takes 8 to 10 hours to traverse. What's more, Mexico's corridor is closer to the USA than Panama, making it a game-changer in global trade and highly relevant to this topic.
TE LA RIFASTE CON TU COMENTARIO INFORMATIVO,,, NOTE QUE LA GENTE EN USA NO SE QUIERE ENTERAR DE EL CORREDOR DE MEX. LOS EDIOS LO ESTAN IGNORANDO.
I don't think he's interested in telling the whole story and that includes the Isthmus corridor because it's going to be taking away business from Panama/US :). Just spreading fear at this point...
How about security? how about the cartels?
🤔 claro que, impactará en el canal de Panamá, no sólo por la opción, sino que México también va a crear toda una infraestructura para producir bienes y servicios. y la distancia será favorable para ellos...😲🥳😁🤫
First class top tier production. Thank you for doing it !!
Excellent content as always!
Pat, nobody provides more vital information, in less time that you do. Amazing how clear and articulate you are while speaking at such a fast pace. Simple the best brother. Thank you for all you do to inform the people.
Not a crisis, an issue. Ramping up for clicks turns me off.
shut up@@denroy3
The guy dies nothing but click bait and fear monger.
He didn't mention that mexico next year it's going to open to the world the new canal better than the Panama canal.
@@jesusperez331 idk if its going to better but it can't hurt
Excellent research and presentation by PBD. Thank you!
Well described PBD! Informative and educative!
Thank for the providing the wisdom sir!🙏
Just to clarify, the Panama Canal was recently expanded, inaugurating its new set of locks in 2016. The current situation of lowered number of transits is due to drought and low water levels and not getting enough rainfall to reach the according level of water required. Thus, ships have had to lower the weight of freight and frecuency of transit as a temporary measure to mitigate the drought. The Army Corps of Engineers and the Panama Canal Authority are also working together on reasearch, technical, and feasibility studies of having another source of water to the Canal to avoid future drought problems.
I am not a Greenie or a Tree Hugger, but I have to profess - How could not the 30% deforestation, and burning of the Jungles in the Amazon NOT have affected the Rain Fall in Panama?
you nailed it! Deforestation is the cause! I was born and raised there. The Canal Zone Police patrolled the forest heavily against the locals cutting down treas. The jungle/forest is critical to maintaining the water level of the lakes.
@@r.c.salyer3652nor am I, but I mean at the same time, you don't have to be to still appreciate & possess the simple understanding of that just being common sense...hell, it's in the damn NAME! "RAINFOREST" meaning if you were to affect the rain, you'll inevitably also affect the forest as well, as a result. Basically same thing goes when if you take away the forest, it will in turn take away the rain. Just one of the many examples of all the many different cyclical, symbionistic relationships which inhabit our planet. People should've definitely thought that through more, BEFORE they started chopping shit down and especially way before collectively clear-cutting entire regions of terrain
Nobody wants to talk about the canal expansion
They can just do cloud seeding like in Vietnam and increase rainfall. Easy fix
Some economists have projected that both the U.S. and parts of Europe could slip into a recession for a portion of 2023. A global recession, defined as a contraction in annual global per capita income, is more rare because China and emerging markets often grow faster than more developed economies. Essentially the world economy is considered to be in recession if economic growth falls behind population growth.
My main concern now is how can we generate more revenue during quantitative times? I can't afford to see my savings crumble to dust.
It's a delicate season now, so you can do little or nothing on your own. Hence I’ll suggest you get yourself a financial expert that can provide you with valuable financial information and assistance
Very true! I've been able to scale from $50K to $189k in this red season because my Financial Advisor figured out Defensive strategies which help portfolios be less vulnerable to market downturns
How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings?
My consultant is ‘’Catherine Morrison Evans’’ I found her on a CNBC interview where she was featured and reached out to her afterwards. She has since provide entry and exit points on the securities I focus on. You can look her up online if you care supervision. I basically follow her trade pattern and haven't regretted doing so.
Soo, freaking awesome 🤙🏽. That just opened up my eyes. PBD you sir, are amazing…
This is why we NEED production in the USA again
Pat was completely silent on that subject! 🫣
As an operation and supply chain professional I appreciate how you’ve highlighted the importance, relevance, and complexity of the global supply chain.
Thank God we all know that you are an operation and supply chain professional now
@karlwithak. lol. Troll. He’s given a good enough description of the complexity of supply chain to be useful for a larger audience. Please post your RUclips so we can get the best explanations possible.
@@Aaronf187 two in a row, amazing. But don’t be jealous little guy someone will tell you your special in your birthday.
@karlwithak. did you even watch the video? 30 seconds after he said that statement he reiterates his point, citing his source. Quick somebody check his cv so make sure he finished grade school. I guess not everyone can read.
Excellent presentation. Enough detail given for understanding, but not overwhelming. Especially appreciate your attitude of gratitude.
Simple music can make you sing simple hug can make you feel better simple things can make you happy. I hope my simple Hello make you smile
Amazing content PBD
It isn’t just products and goods. The military uses as well. I went through the canal on a submarine, USS Alexander Hamilton (SSBN 617)
Yesterday there was the first trial of the inter oceanic train on the Ismo de Tehuantepec that will Tun from the Atlantic to the Pacific sea trough the smallest stretch of land in Mexico, that’s Veracruz and Oaxaca.
Part of the Near shoring plan. And is spectating to help with traffic at the Panamá Canal.
loving the analysis...top notch
Thanks for the video.
Very informative video, I think Patrick is the most likeable and respected podcaster out there
Yeah so he should know a little about logistics, fruit is chilled in refrigerated containers to stay fresh for weeks before they arrive in your shops.
@@D-throneyup Monsanto is doing a great job at keeping produce alive longer. So much so whatever they are using. Is effectively working making leftist woke think they identify with another object or a different sex. Also they still cannot define what a woman is. Yeah keep up the Monsanto nonsense.
He is a full blown con man
for a likeable dude, why does his insurance company sell a product most industry experts advise against? got an explanation for that? how likeable now?
You just proved two things:
Everyone has an opinion and everyone has an asshole.
It’s funny, I already hit the like button beforehand knowing the video is going to be helpful and informative, thanks Pat & co.
Lol. I always do the same thing because I know I will learn something.
I have been valuetained by this awesome video,, thx
this video made me sub, so good thanks.
Short, quick, authentic and interesting, covered almost two in one. That is not easy.
The Nicaragua canal sounds like a great investment opportunity. Not only for the country building it, but also for businesses in the surrounding areas. I love hearing about these upcoming innovations
Thank you for the info
Thank you. What a very informative vid!
Pat, another option is the interocianic rail corridor in Mexico, AMLO has rebuilt the ports in Oaxaca and Veracrus to suplement or compete with Panama. I suggest Valuetainment investigate all the mega infrastructure happening in Mexico to attract more nearshoring.
The French used slaves from the Caribbean to build the canal. Those are the people that died... black Caribbean slaves
Interesting that as Egypt joins the BRICS the Panama Canal dries up.
My brother is a naval captain. The canal extorts ships. He said they can be charged anywhere from 60-200k CAD to go through. They usually negotiate.
Although the waterway of the canal periodically appears and disappears (if you read the accounts of explorers) I can't help but think this is strategic.
Hist
Mexico and 3d printing, and local manufacturing is the solution. And maybe dirgibles or balloons.
You are thinking of the Suez Canal. In Africa. The Panama Canal is in Panama. In Central America. Complete opposite sides of the world. Egypt has no effect on the Panama Canal.
💯 controlled waterways. Never underestimate their powers. We’ve had enough rain to fill the canal. Yes it’s strategic.
@@mattpolinsky4234 Read what they said again. They're talking about a conspiracy. Egypt is allying its economy with the modern-day Axis of Evil, and the Chinese have just started building naval and military bases in South America, namely Peru, and theres even been rumors of China creating its own pathway to the gult of Mexico..for obvious reasons.
Right. Because supposedly, they can just make it rain? But they don’t. 🤷♀️
Thanks for the Education.Pat
Great video thanks for getting back to your roots
Patrick, if only the main stream news had half the stories they report be as pertinent to our lives as this one you brought to our attention.
A few comments (I’m from Panama):
1. There are alternatives to create bigger water supply to the canal’s operation that are being evaluated, such as the relocation of a small indigenous population that lives in an area that could create a bigger supply to the Gatun lake if conditioned appropiately (and was contemplated before the last expansion for a third lane with a bigger set of locks -able to serve the bigger ships of today’s time-, which was completed in 2014 - but the water supply topic was left on hold due to the ducking of a potential political battle by the president at the time , b/c of the need to remove the people of where they live, but now with the current water shortage due to a lack of the needed rain amount, the topic is being reevaluated)
2. Duran’s restaurant no longer operates, but Panama has no shortage of good restaurants and food in a modern and entertaining city, and also no shortage of nice beach spots (some in islands some in mainland, in both coasts) and naturally beautiful spots, in general, inside a small territory, which makes it easy to visit various amazing places in a short travel time
3. They’ve been bluffing with the Nicaragua Canal since I can remember, and the last “serious” talk about it was a few years ago when the chinese were behind it, but it seems it ended up in nothing (maybe even too costly/complicated for the chinese, who have a history of getting involved in mega projects in other countries for political reasons, even if it makes no direct business sense -but sometimes backend sense by ending with certain control over said country , either financially or of some strategical operation)
Hi panama guapo, visit me in le palace
Great report bro 👍
Another great video 👌
Thanks PBD for talking about the Panama Canal. The thing is… the Expansion is completed already. This new Expansion allows Panama Canal not only handle more ships, also bigger ships. There was a measurement unit called “Panamax” for ships to have access. With the new expansion there is a new unit called “Neo Panamax” that allow bigger ships to travel through it.
Thanks.
Right. It’s been completed for like 7 years now. You would have thought he would have researched this
They’re gonna be expanding it again
@@assassin1942 Panama is adding a THIRD canal lane. So, he is CORRECT.
As always a very productive and informative video. Thanks Pat!
I love the way you present brother, keep it up.
Always informative
I'm Panamenian and it's crazy to see in $$ numbers, how important we are for the worldwide trade. To be honest, Our goverment should have the money to do the expansion. However, we do have some corruption that always make everything harder. The Nicaragua Canal is always a possible option but it's risky because a Ship only takes 8 hours to cross Panama, Nicaragua takes longer and the risk of volcanic eruptions is also higher. The thing is, It's not raining as before. There is some climate phenomenon that is hurting us. Hope we can have it up and running asap. Trust Me, Panama Have the money to do it, but we spend it stupid things, almost like US in Ukraine.
Tenia que venir el Paname;o a hablar mal de su propio pais, ningun comentario criticando a Panama, tu, paname;o te sales con que el gobierno es corrupto, que tiene que ver eso aqui, eso lo sabemos todos, no tienes necesidad de estar divulgandolo mas de lo que ya esta.
@@GianCarloFeoli Estás en la página equivocada. tienes que volver a univision skippy
@@GianCarloFeoliuno se puede amar su pais y tambien ver lo mal del pais tambien
@@GianCarloFeoliBoot licking in spanish!!!
first of all the powers that be are playing around with the cliamte - that is the nature of true climate change circa Libya, Turkey and Morroco earthquakes and floods. The weather has been traumatised deliberately and this is a ploy to reduce the amount of supplies coming in to cause the disturbances over shortages of food. Sorry I forgot HAwai too! There is no need to go into Nicaragua - although Ihave no doubt the Chinese would build one wtihin months that is how efficient they are but at what cost to the beautiful vegetation of that area. How many more people would add to the thousands already dead on one canal alone.
My Grandfather was in Panama with the US Army and would tell me about how big an engineering project it was.
thanks for the info
Great video like always thanks God bless everyone 🙏
This also highlights the importance of efficient internal transport (rail ,interstate highways and air freight ) within the US as freight can be landed on the western coast of US for distrabution
These videos always need to be watched at 0.75% speed. The canal is a true engineering marvel and something that everyone should see in person if you ever get the opportunity. I was fortunate to visit the canal in 2013 and it is a sight to behold watching these MASSIVE ships come through this "narrow river" entering the lock and then get lowered to be weighed.
Amazing research Pat.
Great explanation!!
I've been to Panama Canal several times and the locks are not any different from the ones that are on European rivers, for instance, in Prague. The overall piece of work is however pretty impressive. People don't do anything big anymore.
They do Big, Impressive Stuff in China almost every week. We just don't hear about it in the West because of Geopolitics. Case in point, the *Three Gorges Dam* is/was colossal when it was completed in the last decade.
Also, look at Beijing's New Daxing Int'l Airport. It's really beautiful & impressive.
@@paulheydarian1281Lol I was just gonna mention China and then saw your comment. Brazil is about to undertake a new highway project through mountains I believe.
Maybe it's time to reevaluate our infrastructure, specifically the rail systems.
Rail is way more efficient than displacement hulls through water.
Or stop neglecting the US Merchant Marine.
Very informative thank you
Good stuff thank ya sir
Thanks for more then needed knowledge Pat, always a pleasure watching 💯
I learned far more than 12 minutes should have afforded me. Thank you! This was incredibly important information that I’m embarrassed to say I never gave much gravity of thought to prior to today. Excellent!
Glad I watched this! 🙏
Great A+Report 👏🏼👏🏼👏🏼
Patrick, my dad was a Canal pilot for 25 years then was past of their union, after being a captain for many years with Sea Land. Please get more information. You left out China’s role and how many of the Panamanian pilots had trouble doing their job in the take over from the US under Carter.
It is quite simple to solve this problem.
The Northwest passage.
Yes, winter's will effect some shipping.
Today, massive ice breakers could make this passage navigational.
😂😂😂
Shipping industry is 24/7/365. It’s not economically efficient otherwise
@@traviscoates6878 you have to built different boats for that.
Damn ten years to complete is a long time.Really good information.
Very interesting video!
It’s so weird that they can flood the Ho Chi Minh trail during the Vietnam war using weather modification but they can’t find a way to do the same with the Panama Canal. 👀
You need to read a book about how interoceanic canals work
I love these bits by PBD. He is very engaging to listen to and I love the data he uses to support it.
Great way to shed light on the many lives lost in my country of Panamá during the construction of the canal you are so right we benefited off there hard work
Awesome information Patrick! You are the MAN!
What’s really wild is how insane the skyline of Panama City is now.
Very different than most stuff in this hemisphere.
Exactly. Panama City is starting to look like a fairly advanced city. A decent new subway network with lots of high rise apartments and office skyscrapers.
I'm glad Pat breaks it down for a dummy like me 😭. Thank you everyone at Valuetainment 🙏
Another lesson learned. Thank you.
Another great episode
The reason it's drying up is because of deforestation!
When I lived there, it was heavily patrolled against this.
The Panamanians have dropped the ball in this.
There is no deforestation, they protect it the same way. Maybe you should visit again.
I have! And there is!
Maybe you turn blind eye to it.
The Canal Zone Police did a much better job of patrolling.
BTW, I'm a zonian and native.
@@losrioscz15 I'm a resident and travel all over. All I see are tree's and forests. Where exactly are they deforesting? In the Darien?
They are clearing the jungle for mining. And the Darian is being cleared. I just read where they cleared an area to house 35k migrants.
Just a couple of years ago, heavy rains overflowed the locks. If there was sufficient forest, it would slow down the run off.
When were you last in Panama? The trees were all gone far back as 2001. @@JR-mo8os
I thought they did rebuild it bigger all ready but i love the way you inform your people with real things that matters
Great video Patrick!
Great history PBG! Keep spitting the good word baby!
Another great video from pat and the team.. , I took so much out of this, it’s only a matter of time before the Panama Canal is held to ransom just so they can control more and inflate prices again
Much respect from Ireland 🇮🇪
Fun fact if you see the BRICS nations or the ones invited then you will see they're all shipping points or choke holds for shipping so shutting down the canal will be a great strategic move.
Excellent point , I have been thinking on this for a few years now.
😮 wow great info
💚🙏 great topic of discussion
Good work
Given the current economic difficulties that the country is experiencing in 2023, how can we enhance our earnings during this period of adjustment? I cannot let my $680k savings vanish after putting in so much effort to accumulate them.
Well the bigger the risk, the bigger the reward and such impeccable decisions are better guided by professionals
Yes true, I have been in touch with a financial advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.
I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
There are a lot of independent advisors you might look into. But i work with NICOLE DESIREE SIMON and I have been working together for nearly four years, and she is excellent. You could proceed with her if she satisfies your discretion. I endorse her
she actually appears to be well-read and educated. I just did a Google search for her name and found her webpage, I appreciate you sharing
0:00: 🚢 The Panama Canal is experiencing problems due to a drought, causing delays in shipping and affecting global trade.
2:57: 🌍 The Panama Canal greatly reduces travel time, distance, and fuel costs for ships traveling between China and New York.
5:36: 🌊 The Panama Canal is a unique waterway that allows ships to travel from the Atlantic to the Pacific Ocean and vice versa.
8:33: ! A container ship ran aground in the Suez Canal, causing a six-day blockage and significant losses to global trade.
10:38: 💰 Companies may have to negotiate with Panama to invest in the canal expansion project and share profits, as both parties need each other in the relationship.
Recap by Tammy AI
Thanks
thanks AI
Deforestation!
Good video Patrick
Nice watch!
How about we start producing all this stuff at home?
Well, if it is going to cost more what is the point?
I live in Panama and yes the lack of rainfall has affected the Panama Canal a lot
🙏👍❤️ loved the analysis.
Excellent analysis