As an aussie, I just want to say, HK is absolutely still going strong and the pick up will be crazy in another 12-18mth time. Shame on America for having instituted such violence under Pompeo & trying to destroy a unique place in the world - where East truly meets West in a safe, peaceful & productive manner. Thank goodness the Mainland gov was able to bring peace and calm back. Greater Bay Area here it comes!!
The dollar's reserve status is secure for so long as the US is willing to run large trade deficits and various countries are determined to run large trade surpluses. No other nation *can* run a $1 trillion dollar trade deficit, making the US indispensable for the trade surplus nations. And those nations run surpluses for domestic reasons. China & Russia also run them for geostrategic reasons. China is currently undertaking a huge effort to increase its surplus--by investing more in export businesses to compensate for less real estate investment. The desire for surpluses in such nations appears long term. The question, instead, is whether the US will continue to sell its future by accepting industry-destroying trade deficits. If dollar hegemony is broken, it will be the deliberate policy of the US that breaks it.
I'm not sure if India was thinking that they would be next to be sanctioned and so refused to join in on the US led western sanctions on Russia. India knows US needs it to counter China. Plus India traditionally have close friendly ties with Russia. They are in BRICS and possibly soon in SCO. Moreover India sees itself as a great power and civilisation and dun like to be pushed around by the West.
57:58 “let’s increase public employee wages to increase inflation… inflation is not an economic phenomenon but a political phenomenon.” - this is preposterous. This is policy in search of an excuse to enact it.
He is saying if the Reserve banks of each nation did the correct thing instead of cushioning everyone, the interest rates should be at much higher rates. But they wont jack up rates because they dont want to face the crashes of excesses.
Every opportunity to run cover for China, he takes it, and various rationalizations for Chinese policy (inequality, investment, corruption, et al.) Lame, sell-out and not insightful, it’s just trite rationalizations we’ve always heard.
At 40:00: China is 4x the US' population, not 10x.
As an aussie, I just want to say, HK is absolutely still going strong and the pick up will be crazy in another 12-18mth time. Shame on America for having instituted such violence under Pompeo & trying to destroy a unique place in the world - where East truly meets West in a safe, peaceful & productive manner. Thank goodness the Mainland gov was able to bring peace and calm back. Greater Bay Area here it comes!!
A chinese man type this.
@@valdomero738Chinese man are not as credible as aussie?
HK used to pride itself on its freedom and dynamism; now it's just waiting on Beijing handouts
The dollar's reserve status is secure for so long as the US is willing to run large trade deficits and various countries are determined to run large trade surpluses. No other nation *can* run a $1 trillion dollar trade deficit, making the US indispensable for the trade surplus nations. And those nations run surpluses for domestic reasons. China & Russia also run them for geostrategic reasons. China is currently undertaking a huge effort to increase its surplus--by investing more in export businesses to compensate for less real estate investment. The desire for surpluses in such nations appears long term. The question, instead, is whether the US will continue to sell its future by accepting industry-destroying trade deficits. If dollar hegemony is broken, it will be the deliberate policy of the US that breaks it.
Absolute worst combination: capitalistic financial system with 10+ years of cheap money and government spending off the charts..
civil servants in the uk refusing to return to the office, they don't need a pay rise
I'm not sure if India was thinking that they would be next to be sanctioned and so refused to join in on the US led western sanctions on Russia. India knows US needs it to counter China. Plus India traditionally have close friendly ties with Russia. They are in BRICS and possibly soon in SCO. Moreover India sees itself as a great power and civilisation and dun like to be pushed around by the West.
1:11:00
Japan just changed its interest rates
But not materially
This a great discussion
Not thucycides trap . Thucydides didn’t even coin that term.
54:13 “I don’t see a lot of inflation”- bruh.
57:58 “let’s increase public employee wages to increase inflation… inflation is not an economic phenomenon but a political phenomenon.” - this is preposterous. This is policy in search of an excuse to enact it.
Thanks
This dude is just saying stuff. The likelihood of interest rates reaching 10% is quite low.
He is saying if the Reserve banks of each nation did the correct thing instead of cushioning everyone, the interest rates should be at much higher rates. But they wont jack up rates because they dont want to face the crashes of excesses.
@46:50 - Aba tried and he was shot dead
+1,000 Social credits
Absurd analysis of socialist China vs Japan-Premised on whether a government appears to favor wages over profits? Absurd.
Every opportunity to run cover for China, he takes it, and various rationalizations for Chinese policy (inequality, investment, corruption, et al.)
Lame, sell-out and not insightful, it’s just trite rationalizations we’ve always heard.
Steve have Alex Joske on