I think both of the main candidates are in favour of funding the military industrial complex.. So if I was an American I would shift my focus onto support of the the UN implementation of the article 6 to remove the United States from the United nations. It is the only thing that makes sense because any administration will be in favour of instability in the world to keep military spending going to boost the gdp❤
Americans do not KNOW what NATO MEANS !! MOST DO NOT KNOW WHAT THIER STATE CAPITAL IS!!! EVEN THOSE WITH A HIGHSCHOOL DIPLOMA CANNOT READ BEYOND THE 6TH GRADE LEVEL!! IN MY OPINION EDUCATION HERE IS JUST ANOTHER FAILURE FOR THE FUTURE OF MY COUNTRY!!! SAD !!
I love the comment. Better still, the collapse of NATO due to its irrelevance and incompetency. This evil, wicked, and self-serving organisation has no use in modern world.
@@handle-changedOhh look a westoid can't handle the truth that they are the baddies. Facts are that NATO broke their word for not expanding eastward. Then US supported a violent coup in 2014 that even most Ukrainians don't support. Then the Ukrainian government, under the auspicious of the US, Germany and France began a civil war in Donbas region against Russian speaking people. The west did not hold onto their word on the Minsk agreements. When Russia finally had enough of Ukrainians k*lling Russian speaking Ukrainians, they intervened and even then there was a chance at peace in March 2022 but boris johnson on the instruction from the US went to sabotage the peace agreement. So nearly everything that led to the situation right now is caused primarily by the west. Calling NATO to pull back to 1991 borders is the most moral position, even if it is no longer possible.
Not to mention it proves two old adage's, 1: Never, ever, EVER underestimate or fail to respect your enemy. 2: The Russian's with their inclusion of macro-political/economic considerations are simply unparalleled at War. With it's only real potential near equal also being a Strategic and Economic Ally the reality is Ole Mackinder and his 'Heartland/World Island Theory of Geo-politics' is far from a simple 'theory' but a fact.
@johnconnell270 Not only do these politicians have to pay from their own pockets but send themselves and their sons to the front lines too. This happens, they would be the first to the negotiating table.
The whole point is to steal as much money from the public and give it to the weapons manufacturers and those with government contracts. It causes inflation and people get lost in a fugue of working harder and harder to survive. Nobody has the time to stop and ask questions. That’s the game.
That's a pipe dream , Politician is the most SELF SERVING 2 legged mammal to ever roam mother earth. They will even sacrifice their -wiVes-" , plural~wives, and their bastard children's. Self love is instinct , can't be reformed .
@@TheRobynbrown -- And the fact Putin studied law as well. He actually went to school to learn. In the "West" they go to school to brag about their money and Daddy's donations.
Well, sort-off. While historically Russia had and has a CCC rated junk economy, Russia often had budget surpluses and a relatively small Debt to GDP ratio: the last two years has seen Russia deliver budget deficits, balanced by dropping into that country’s national wealth fund. Collapsing the Russian economy could take another two or three years. Russia -in the short term- should benefit economically, from increased productivity from wartime manufacturing; however, there is an inverse relationship between manufacturing and consumption in the longer term. Money pumped into war materiel manufacturing isn’t being spent on meeting regular commercial and consumer demands. The US Senate, though, is being unhelpful in creating an omnibus bill, by oddly but purposefully, incorporating the war time funding of Ukraine with the stopping illegal southern border crossing.
Will the US still support Ukraine if/when Zelensky is removed by his own people. Ukraine is a liability for this administration (they poured over $100 billion into this rat hole), and need to figure out a way to blame others for their arrogance.
Sean, thank you for your daily dosage of economic realities and for exposing the horrible financial policies of Western governments, specifically the USA. We are facing a world of increasing poverty, coupled with autocratic and fascist governments, and the ever growing loss of basic human and civil rights.
But we must realize this is being orchestrated by multi-national companies and big investment bankers who are "donating" to politicians and using those payments to get gov't to pass legislation which benefits those organizations. It has gotten worse since Super Pacs can remain secret and there is no limit to the amount corporations can donate.
They don't. If you look at who is financing recent purchases of Treasuries... It is NATO countries. China and others are slowly cashing out. There is also the regulation that requires the Fed to buy back any Treasuries not sold. Who gives the Fed the money? ..... The taxpayer. It is the taxpayer who is actually funding these loans....
urgh 76% is within usa economy before this current buying spree by nato countries. so usa can don't pay. it simply means it becomes a banana republic and trade with usa will become bartering. no one wants banana money
Joe Biden has printed $6-trillion dollars so far in deficit-spending and borrowing; all of which was then wasted. Democrats' printing of money devalued / inflated the dollar; doubling the price of everything in America; not in Russia. Afghanistan was a trillion taxpayer dollars. Iraq was a trillion or two. Biden's needless, war in Ukraine is already twice the cost of the Iraq war, and could skyrocket further. The war in Israel is a response to Israel's veiled Mossad proxy war in Ukraine via agent Zelensky. Biden is paying for that too; illegally, without Congressional appropriation. $200-billion is just what the Democrats admit to spending / throwing away. We know the Democrats are fantastic liars, because the Democrats say "Bruce Jenner in a dress, is a woman". The Houthis hit 3-ships with rockets today. Biden is a bribed puppet of Israel. Biden is risking a nuclear strike by Russia with new weapons never seen, which prevent any response. Biden is risking collapse of the American economy. Biden is condemning America's children and grandchildren to crushing debt and poverty.
Wow you really picked the 3 worst dictator countries in the world,go and say something against the government and they will put you in one of those infrastructure buildings you’re talking about and probably not come out 😅
USSR fell because 1. They lost millions of lives defending the rest of Eutope during Ww2 and was exhausted near end of war when USA decided to show up at that time to tane credit 2. They believed and trusted the promises made by NATO and USA to not expand borders and to disarm nuclear weApons ... 2 promises that were broken by the 2 lying and dishonourable parties🤬🤬🤬🤬🤬
What about Australia’s inflation? Our tax hikes at 3 levels- council- state-federal should cool down the economy. If not- tax can hike even higher We tax anything that moves- have to edit- we also tax for the dead as they move through last journey- cremation and funerals- then property tax if there is inheritance and possibly incoming death tax
China offers the belt and road initiative Australia could get what it needs an upgrade to its 19th century rail system . Yet the political parties are owned by the US so we get military bases bio labs and nuclear attack submarines to defend us against an imaginary threat. What about some water bombing jets to defend the citizens against a real threat
@@jeffhedrich3551already state land taxes are 250% since 2017 and this year - indexed increase in land tax of 15%, and 0.1% on top plus $975 per property- the last two are added in for the next 10 years - on top of the indexed annual increase of beyond inflation rates- Who knows may extend to 20 years or more. Easy way to collect money- instead of actually manufacture an item and selling it
Украина не получила ничего. 😢 Оружейные корпорации США получили контракты. Пентагон избавился от всего старья на складах. Украина ещё и должна за эти ржавые железки. Более 90% денег осталось в США.
That is exactly the point of the US military complex. Keeping war going means profit and more businesses through the warring country's demands. Russia does not want that. Also whoever "wins", the rest of the US companies get the spoils - ie looting of resources. winning government gets to extend their empire and a new possible generation of slavery created through the containment of the country. Any revolt is falsely accused and demonised. Look into the history of slavery in African countries... and the Middle East. The USA and its Western allies have used this horrific strategy for centuries now.
@@johnanderson5242 hey are not part of the country they declare independence they do not want to be part of a country governed by a Nazi placed by the neocons
USA will let others destroy their country and economy, all sa while making sure they survive but honestly I don't like to see people suffer but I think it's time USA feel what they put other countries through. It won't happen soon but it will happen
Imagine that Ukraine might loose the war. Who did not know this from the beginning. How ignorant just like they know nothing about the Nazis in Ukraine, even with statues of Stephan Bandera
I was looking to buy Chinese stocks 2 weeks ago when it was falling fast, because that was when it bottomed out and it was the best time to enter the market. However I think it is still a good time to buy Chinese stocks.
China will recover they have changed tack from real estate to manufacturering and it will pay dividends in the future they are taking the long term veiw.
Just study the valuation of some or most big market cap companies such as BABA, Tencent, Meituan, etc. its so so much undervalued. If you have money which you don’t need to spend for few years it’s good time now to invest in these stocks or ETFs.
Same thing is happening here in RSA. Current government is spending money like they there is no tomorrow. The future of the children is been squandered and sold. 😢
You’re so brave,imagine if during WW2 the world surrendered to Germany Italy and Japan because they were so strong where would we be now,remember the allies were losing then they got the weapons they needed and the rest is history.
@@krys9990 if you want to know the truth it was the Donbas governor with the backing of Russia started it with crossing the border to initiate Russia stepping in,it has been said by the governor himself.
@@ardour1587 you ask a question like that so you should state where you are from first so I can see whether I’m intellectually worthy of talking to you 🤓
When America was great, the marginal tax rate was 91%. between 1954 and 1963 there were 24 brackets (compared to 6 today) and the top rate was 91 percent, with the rates in 19 of the 24 brackets higher than the current top rate of 35 percent.
I lost a few friends who thought i was a Putin lover because I expressed my thoughts right at the beginning that Ukraine was never going to be able to win.🤷
Dont worry about your friends who dont like your comments about anything they are showing themselves up for what they are . Remember every one has an opinion that is your human right. I to knew ukrain could not win against Russia besides it was America England who started this war backed by idiots like Shultz Macron zelinsky von da lier they are all war mungers getting rich while the people in there countrys and countrys around the world are suffering. So much for democracy.
@3:30 I had to laugh at that. It is like the low class people down the street that can not make their payments on time, stay drunk most of the day, and wear ragged clothing that then goes out and spends HUNDREDS of dollar on fireworks. And then tries to justify their purchase by saying "The fireworks are made in the US so I am creating US jobs!". All you can do is shake your head at such foolishness.
CBO's estimate is always very optimistic. Stock market crash is not the end game, USD's collapse is. That will happen when most countries refuse to accept usd, since you can't buy enough in return.
Curious how passing this funding would be good for jobs in the US. If the funding doesn’t happen, will the factories be shut down or will they just produce less? Will they actually hire more people at the factories? I’m going to wager they aren’t. So how is the funding good for jobs?
Violence in the world has to stop imidiatly. If we want to save the life on the planet, that is what we should join to do. Be friends, treat other people nice as we want others to do to us. Boycott weapon industry, join to demand peace. How is it possible to make a very strong union for peaceful living? If EU negotiate peace and no violence with Russia, instead of listening to NATO / US warmongers, a big part of the world would be able to live in peace. Solving common problems instead of buying weapens. When has weapen solved any problems?
Boris Johnson: "Peace negotiation with Russia is NOT AN OPTION." 😅😅 Angela Merkel: "The 2014 Minsk agreement was an attempt to give Ukraine TIME, TO BECOME STRONGER as you can see today." 😅😅 Volodymyr Zelensky: "NOBODY believes in our victory like I do. NOBODY." 😅😅 Jens Stoltenberg: "The paradox is that if we want that to happen, a peaceful just end to this war, the way to get there are MORE or is MORE WEAPONS to Ukraine." 😅😅
Jewish Zelensky and his team (former theatre troupe in government with him) are Israeli Mossad operatives. The war in Ukraine is solely to pressure the Russian military out of Syria, and as revenge upon the Ukrainians, who murdered 1-million Jews in WW2 and were cruel Nazi concentration camp guards.
Ukraine is done, Russia has won. No US loan can stop it. China is stabilising its property sector, probably mid term strategy, long term is high spec manufacturing. US debt profile will worsen.
Hey Sean, didn't Canada do the same thing as France. They promised a bunch of money to Ukraine and then just recently turned around and said they won't be able to pay it?
Dear Sean, I have been subscribed to your channel since I can't even remember when, it's so long ago. You are a very intelligent man, ( a Chemical Engineer if I remember correctly? ) I rarely ask people this, but would you you please slow up, just a little in your speech? I believe your impact of your messages will have so much more thought penetrative to your followers and hopefully many more? I enjoy listening to your podcasts and you certainly do your homework! (I'm 67) Best wishes, Bruce
Its inevitable for China to bounch back and continue to grow. The fundamentals are there and they have the ability and capacity to manufacture. Most of all they still have the people. In the long run the USA is finished.
China is facing internal LGFV real estate problems, now; and, potentially, trade issues, owing to de-dollarisation. The CPC is loco believing more manufacturing will help. Producing more, when exports are in danger and domestic per rata domestic consumption is low vis-à-vis the high level of production is madness.
Great update! A few days ago, I wrote to another finance channel that they had the China situation all wrong (he replied we'll have to agree to disagree). As the talking points Sean presents become common knowledge, I wonder if he (and all the others) will revise positions.
No problem. In the beginning,where do money come from? Printing machine right? Nowaday you need not back up your currency using gold/commodity. So just switch on the printer. Only worry no ink & paper,!!
With such a high percentage of Europeans wanting a peace deal. It should be the duty of its leaders to try to ensure a negotiation. It is clear the leaders don't care what its people want.
The US will be sending that welfare cheque to Ukraine for to encourage soldiers to keep up the good retreat. The Chinese have always kept their stock markets and economy, relatively in good order ti endure sustained growth. Un like the US, EU and UK.
There's no business, like War business. Daddy Warbucks strolls along the boulevard ; that big, old Stomach wobbling up and down. Very pleased with himself. "Another good day at the Office, Son ! "
if the US raises their GDP through their manufacturing renaissance, spurred by the influx of migrants for cheap labour and the abundance of cheap energy available to the US, they could probably outgrow their deficit granted that they take austerity measures as well.
I don't understand if you spend money on production, but then you give what you have produced to someone, and they destroy it, where is the profit in this scheme?
@@lientruong2500 You spent the money you borrowed on workers' salaries, on materials for production, then you gave what you produced to the first person you met, where will you get the money to repay the loan?
@@longarm498 printer machine my friend. You and your siblings, maybe your grandkids have to work hard, pay taxes for all US war adventures … When the Global South gov and people wake up and stop relying on USD for trading, investing … you have to live within your means, not the fiat USD backed by nothing to exchange for our goods … Good luck everyone
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U.S. defense spending is more about the elected officials stock portfolios than creating jobs or helping Ukraine. That is why the U.S. is in constant war……
Japan’s economy has become a cautionary tale And yet the Japanese stock market has been climbing recently until it is now the highest in more than 30 years.
That's cause ALL Stock Markets are manipulated by BlackRock and friends. Unless something big happens, the economy of a country has marginal effect on it.
US government spending directly contribute 23% of GDP. Indirectly maybe is over 50%. Imagine suddenly unable to spend like before, what will happen to US GDP?
I womder if that money is audited by a independent financial professional who really received that money? How much does US contractors really received for doing what?
As long as Europe and Japan are dependent on US defence protection, the US can print dollars and their will always be a market for it. It remains despite America's profligacy, a safe haven currency. The decline of the US is a long one. It is like the decline of the East Roman Empire. Other powers are rising vv the US and the West in general. But it is a long slow process. Still, the writing is on the wall.
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At 5.5%, the U.S. fiscal deficit has long exceeded $1.6 trillion (actually, $1.9 trillion in today's standards). Mandatory expenditures take up to 70% that include social security, Medicare, pensions, etc. while discretionary and miscellaneous expenditures cover the other 30% such as defense spending, weapon acquisitions, water, electricity, petrol and infrastructure. At this rate, the U.S. fiscal deficit will balloon to more $5 trillion or more instead of the projected $2.6 trillion by 2033. Still, the U.S. government refuses to reduce its unnecessary outlays, especially the more than 800 military bases around the world. It even balks at increasing taxes on the rich for fear of offending the people who control the purse strings of all American politicians in their election campaigns every 2 (congressional) and 4 years (presidential). At the same time, the U.S. continues to funds wars in Ukraine and now in the Middle East as well as preparing itself for skirmishes with China over Taiwan and in the South China Sea to show its "leadership" to the world at large and to Asian nations in particular. The only alternative left is to expand its quantitative easing, increase the interest rates to attract buyers of its bonds and to pass on the inflationary pressures to other countries around the globe. In short, printing more money to service its debt obligations and harvesting the wealth of unsuspecting nations of their blood-and-sweat hard work are simply what the richest nation on Earth plans to do all along, like it always has.
@@johnanderson5242 I married a Russian girl 15 years ago. We started a business in Russia and had been going back and forth (between Russia, the US (Washington State), and the UK). We were also building a home in Russia, which was only just completed about 5 years ago. We moved to Russia permanently about 3 years ago.
@@MnemonicCarrier I’m happy for you,so you’re happy with what Putin is doing,obviously the sanctions are not bothering you and you’re business which you must have something the west wants ,why aren’t you at the front fighting.
@derson5242 I did 2 tours in the Middle East, my fighting days are OVER! (I have way too much to lose these days - including a 7 year old son 😉). BTW - my country (the US) has caused a lot more wars, death and destruction than Russia ever has!!! Putin did everything possible to try and avoid this war, offered many peaceful solutions, but he was rejected each and every single time. Anyway, take it easy bud - try not to let hatred consume you!!!! ❤
This is the end as the percentage of the budget allocated to debt service increases. The ability to avoid massive downgrades of American treasuries will be harder to avoid. Whatever foreign money is still in that market will flee and even domestic demand for government bonds will fall. The Fed will not for long be able to put off the last Great Bond Market disaster. What happens after that is anyone's guess, some say the bond market is much larger than the stock market. How will it affect equities? I don't know but it can't be good.
I will be voting against anyone sending any more money to Ukraine or Israel.
They will not stop sending money
So the only practical option most people have is to move to a new country when the currency still has some value 😅
I think both of the main candidates are in favour of funding the military industrial complex.. So if I was an American I would shift my focus onto support of the the UN implementation of the article 6 to remove the United States from the United nations. It is the only thing that makes sense because any administration will be in favour of instability in the world to keep military spending going to boost the gdp❤
doesnt matter Dominion and the democrats will "fix" your vote for you.
In that case, your only choice will be not to vote all.
European election I will send a party that has been consistently against this and against the Green Deal.
NATO should pull back to their 1991 borders, especially since they are the aggressor and broke their word
Americans do not KNOW what NATO MEANS !! MOST DO NOT KNOW WHAT THIER STATE CAPITAL IS!!! EVEN THOSE WITH A HIGHSCHOOL DIPLOMA CANNOT READ BEYOND THE 6TH GRADE LEVEL!! IN MY OPINION EDUCATION HERE IS JUST ANOTHER FAILURE FOR THE FUTURE OF MY COUNTRY!!! SAD !!
That’s awesome. NATO and its supporters take zero accountability for their actions. Complete bunch of morons.
NATO should disband and its leadership tried for war crimes in past and current conflicts.
I love the comment.
Better still, the collapse of NATO due to its irrelevance and incompetency.
This evil, wicked, and self-serving organisation has no use in modern world.
@@handle-changedOhh look a westoid can't handle the truth that they are the baddies.
Facts are that NATO broke their word for not expanding eastward. Then US supported a violent coup in 2014 that even most Ukrainians don't support. Then the Ukrainian government, under the auspicious of the US, Germany and France began a civil war in Donbas region against Russian speaking people. The west did not hold onto their word on the Minsk agreements. When Russia finally had enough of Ukrainians k*lling Russian speaking Ukrainians, they intervened and even then there was a chance at peace in March 2022 but boris johnson on the instruction from the US went to sabotage the peace agreement.
So nearly everything that led to the situation right now is caused primarily by the west. Calling NATO to pull back to 1991 borders is the most moral position, even if it is no longer possible.
The moral is, whoever bets on hate, arrogance, fascism, and nazism always loses.
Not to mention it proves two old adage's, 1: Never, ever, EVER underestimate or fail to respect your enemy. 2: The Russian's with their inclusion of macro-political/economic considerations are simply unparalleled at War. With it's only real potential near equal also being a Strategic and Economic Ally the reality is Ole Mackinder and his 'Heartland/World Island Theory of Geo-politics' is far from a simple 'theory' but a fact.
@@AGTheOSHAViolationsCounter in your dreams maybe.
it's loses not looses
@@1J_R thanks.
*moral
Its about time politicians donate their own money rather than the tax money of people who are struggling to survive
Biden should use his own pile of lobbyists money and gains from trading with the "knowledge".
@johnconnell270 Not only do these politicians have to pay from their own pockets but send themselves and their sons to the front lines too. This happens, they would be the first to the negotiating table.
Why do think they are having trouble recruiting for US military, your kids die so they can make some money, what a joke.
The whole point is to steal as much money from the public and give it to the weapons manufacturers and those with government contracts. It causes inflation and people get lost in a fugue of working harder and harder to survive. Nobody has the time to stop and ask questions.
That’s the game.
That's a pipe dream ,
Politician is the most SELF SERVING 2 legged mammal to ever roam mother earth.
They will even sacrifice their -wiVes-" , plural~wives, and their bastard children's.
Self love is instinct , can't be reformed .
US and EU expected Russia to loose just few months after the war by collapsing economy due to sanctions. They didn’t prepare for other options
And the fact that Putin has a PhD in economics
@@TheRobynbrown -- And the fact Putin studied law as well. He actually went to school to learn. In the "West" they go to school to brag about their money and Daddy's donations.
So true! Biden's sanctions have made Russia richer and the ruble stronger.
Those "other options" have become very unpleasant unintended consequences.
Well, sort-off. While historically Russia had and has a CCC rated junk economy, Russia often had budget surpluses and a relatively small Debt to GDP ratio: the last two years has seen Russia deliver budget deficits, balanced by dropping into that country’s national wealth fund. Collapsing the Russian economy could take another two or three years. Russia -in the short term- should benefit economically, from increased productivity from wartime manufacturing; however, there is an inverse relationship between manufacturing and consumption in the longer term.
Money pumped into war materiel manufacturing isn’t being spent on meeting regular commercial and consumer demands. The US Senate, though, is being unhelpful in creating an omnibus bill, by oddly but purposefully, incorporating the war time funding of Ukraine with the stopping illegal southern border crossing.
Hello Sean, you are doing a great job.
Not just Ukraine all of NATO
Time is on Russia side.
Time was already on Russia side
More then just time. Soon as the money stops, Ukraine collapses. Ukraine is a welfare state of the West
oH YES IT IS!!!
Time is always on russias side, from the time of the napoleonic wars. Do not poke the sleeping giant
Will the US still support Ukraine if/when Zelensky is removed by his own people. Ukraine is a liability for this administration (they poured over $100 billion into this rat hole), and need to figure out a way to blame others for their arrogance.
This is the US and the West War against Russia..not the Ukraine War.
That won't happen. Zelensky suspended elections in Ukraine.
The Biden cash cow is dependent upon Ukraine success.
Ukraine is their washing machine.
The US poured over $300 Billion over 14 years into Ukraine… this was disclosed by a Pentagon insider… so it’s far more than people are told.
Sean, thank you for your daily dosage of economic realities and for exposing the horrible financial policies of Western governments, specifically the USA.
We are facing a world of increasing poverty, coupled with autocratic and fascist governments, and the ever growing loss of basic human and civil rights.
ROUND-UP TIME, REMOVE AND REPLACE
But we must realize this is being orchestrated by multi-national companies and big investment bankers who are "donating" to politicians and using those payments to get gov't to pass legislation which benefits those organizations. It has gotten worse since Super Pacs can remain secret and there is no limit to the amount corporations can donate.
ukraine was expected to lose the war all along
The US and NATO's objective was to weaken Russia. This they succeeded briliantly by making Russia great again.
UKr was an experiment at gang sanctioning of a large country- trial run-china is the target
China taking notes
so USA just used them to weaken russia? or what is the plan?
Sean Foo #1 My three favorite channels: Sean Foo, Stock Brotha, & The Economic Ninja. Make my week complete! 🔥 🔥 🔥
I dont get it… what makes people think that America has any intention in paying this debt back?
I think they are doing it to crash the economy , bring in CBDC's and bring in their communist system .
They don't. If you look at who is financing recent purchases of Treasuries... It is NATO countries. China and others are slowly cashing out. There is also the regulation that requires the Fed to buy back any Treasuries not sold. Who gives the Fed the money? ..... The taxpayer. It is the taxpayer who is actually funding these loans....
urgh 76% is within usa economy before this current buying spree by nato countries. so usa can don't pay. it simply means it becomes a banana republic and trade with usa will become bartering. no one wants banana money
It's amazing how the G7 can find so much money for Ukrainian deaths when these countries economies are in recession or near.
The death knell of a dying empire
Got love your democracy and freedom of no choice !!! Only to vote for the next thief
ink plus paper
When I saw $2.6 trillion in the title, I thought Pentagon failed yet another audit. :P
Joe Biden has printed $6-trillion dollars so far in deficit-spending and borrowing; all of which was then wasted. Democrats' printing of money devalued / inflated the dollar; doubling the price of everything in America; not in Russia. Afghanistan was a trillion taxpayer dollars. Iraq was a trillion or two. Biden's needless, war in Ukraine is already twice the cost of the Iraq war, and could skyrocket further. The war in Israel is a response to Israel's veiled Mossad proxy war in Ukraine via agent Zelensky. Biden is paying for that too; illegally, without Congressional appropriation. $200-billion is just what the Democrats admit to spending / throwing away. We know the Democrats are fantastic liars, because the Democrats say "Bruce Jenner in a dress, is a woman". The Houthis hit 3-ships with rockets today. Biden is a bribed puppet of Israel. Biden is risking a nuclear strike by Russia with new weapons never seen, which prevent any response. Biden is risking collapse of the American economy. Biden is condemning America's children and grandchildren to crushing debt and poverty.
Достаточно приехать в Китай, Иран, Россию и посмотреть на инфраструктуру. 😮 Лоббисткий коррупционный капитализм привел запад на дно.
Wow you really picked the 3 worst dictator countries in the world,go and say something against the government and they will put you in one of those infrastructure buildings you’re talking about and probably not come out 😅
The USSR fell because its economy could not support perpetual war spending and unsustainable war spending could crash the US and EU economies.
USSR fell because
1. They lost millions of lives defending the rest of Eutope during Ww2 and was exhausted near end of war when USA decided to show up at that time to tane credit
2. They believed and trusted the promises made by NATO and USA to not expand borders and to disarm nuclear weApons ... 2 promises that were broken by the 2 lying and dishonourable parties🤬🤬🤬🤬🤬
This is the most sensible comment. Unemotional and accurate.
What about Australia’s inflation?
Our tax hikes at 3 levels- council- state-federal should cool down the economy.
If not- tax can hike even higher
We tax anything that moves- have to edit- we also tax for the dead as they move through last journey- cremation and funerals- then property tax if there is inheritance and possibly incoming death tax
It will go down with the Ukrainians
China offers the belt and road initiative Australia could get what it needs an upgrade to its 19th century rail system . Yet the political parties are owned by the US so we get military bases bio labs and nuclear attack submarines to defend us against an imaginary threat. What about some water bombing jets to defend the citizens against a real threat
Wait until you get the Aukus bill. It’ll make the Hunter class cost overruns look like child’s play. Get prepared for double digit tax increases.
@@jeffhedrich3551already state land taxes are 250% since 2017 and this year - indexed increase in land tax of 15%, and 0.1% on top plus $975 per property- the last two are added in for the next 10 years - on top of the indexed annual increase of beyond inflation rates-
Who knows may extend to 20 years or more.
Easy way to collect money- instead of actually manufacture an item and selling it
Why pay for property tax if you own the property?
😂
I don't understand what Ukraine is benefitting from this war; even if they got that £60billion. Keeping this war going is insane.
Украина не получила ничего. 😢 Оружейные корпорации США получили контракты. Пентагон избавился от всего старья на складах. Украина ещё и должна за эти ржавые железки. Более 90% денег осталось в США.
Would you let someone take part of your country,if so you’re a coward.
That is exactly the point of the US military complex. Keeping war going means profit and more businesses through the warring country's demands. Russia does not want that. Also whoever "wins", the rest of the US companies get the spoils - ie looting of resources. winning government gets to extend their empire and a new possible generation of slavery created through the containment of the country. Any revolt is falsely accused and demonised. Look into the history of slavery in African countries... and the Middle East. The USA and its Western allies have used this horrific strategy for centuries now.
@@johnanderson5242 hey are not part of the country they declare independence they do not want to be part of a country governed by a Nazi placed by the neocons
USA will let others destroy their country and economy, all sa while making sure they survive but honestly I don't like to see people suffer but I think it's time USA feel what they put other countries through. It won't happen soon but it will happen
The EU wanting eurobonds and debts is so insane!
No country in their right mind will buy Euro bonds 😂😂😂
Thanks for your work. You do a good job explaining things, Im don't know sht about economics but I understand it when you explain.
thanks!
Imagine that Ukraine might loose the war. Who did not know this from the beginning. How ignorant just like they know nothing about the Nazis in Ukraine, even with statues of Stephan Bandera
Great Work! Keep up the wonderful updates
Debt is cruel, even for those who think that can control it.
big brother will always look after their darling ukraine..no worries
I was looking to buy Chinese stocks 2 weeks ago when it was falling fast, because that was when it bottomed out and it was the best time to enter the market. However I think it is still a good time to buy Chinese stocks.
The west casinos tried to bash China's stock market. But it didn't work. The fundamentals are sound.
Long term chinese stocks will pay.
China will recover they have changed tack from real estate to manufacturering and it will pay dividends in the future they are taking the long term veiw.
Just study the valuation of some or most big market cap companies such as BABA, Tencent, Meituan, etc. its so so much undervalued. If you have money which you don’t need to spend for few years it’s good time now to invest in these stocks or ETFs.
Same thing is happening here in RSA. Current government is spending money like they there is no tomorrow. The future of the children is been squandered and sold. 😢
There is no point in giving Ukraine more money. They lack manpower. Russia has won. Ukraine needs to negotiate the terms of their surrender.
You’re so brave,imagine if during WW2 the world surrendered to Germany Italy and Japan because they were so strong where would we be now,remember the allies were losing then they got the weapons they needed and the rest is history.
@@johnanderson5242restudy WWii.
Furthermore, the Donbas region requested this of Russia.
@@krys9990 if you want to know the truth it was the Donbas governor with the backing of Russia started it with crossing the border to initiate Russia stepping in,it has been said by the governor himself.
@@johnanderson5242you are trying really hard in comment sections :) Where are you from? I want to know the place where education suks so badly
@@ardour1587 you ask a question like that so you should state where you are from first so I can see whether I’m intellectually worthy of talking to you 🤓
When America was great, the marginal tax rate was 91%.
between 1954 and 1963 there were 24 brackets (compared to 6 today) and the top rate was 91 percent, with the rates in 19 of the 24 brackets higher than the current top rate of 35 percent.
OPn the other hand i have seen reports that EU firms are moving back to China because of the cost of energy. in Eu vs China.
I lost a few friends who thought i was a Putin lover because I expressed my thoughts right at the beginning that Ukraine was never going to be able to win.🤷
So you like a dictator and murderer,go and fight for him.
You are going to lose more friends now that you have been proven right.
@@PranicEnergy Possibly 🤷
Dont worry about your friends who dont like your comments about anything they are showing themselves up for what they are .
Remember every one has an opinion that is your human right.
I to knew ukrain could not win against Russia besides it was America England who started this war backed by idiots like Shultz Macron zelinsky von da lier they are all war mungers getting rich while the people in there countrys and countrys around the world are suffering.
So much for democracy.
@kevinford6420 "The paradox of humanity: You make friends by lying, and you make enemies by telling the truth." - Aculin Levitzki
@3:30 I had to laugh at that. It is like the low class people down the street that can not make their payments on time, stay drunk most of the day, and wear ragged clothing that then goes out and spends HUNDREDS of dollar on fireworks. And then tries to justify their purchase by saying "The fireworks are made in the US so I am creating US jobs!". All you can do is shake your head at such foolishness.
up to date as always and accurate. Bless u Sean
Fantastic analysis!
Thank you very much Sean!
CBO's estimate is always very optimistic.
Stock market crash is not the end game, USD's collapse is.
That will happen when most countries refuse to accept usd, since you can't buy enough in return.
❤Thank you very much for your advice and professional insight
Kevin Ford you are entitled to your opinion just like the rest of us. Bugger the so called friends who needs them.
Informative video Sean thanks for all your efforts to help me stay grounded in reality. Thanks for the in- depth analysis, that’s a big help.
Curious how passing this funding would be good for jobs in the US. If the funding doesn’t happen, will the factories be shut down or will they just produce less? Will they actually hire more people at the factories? I’m going to wager they aren’t. So how is the funding good for jobs?
Violence in the world has to stop imidiatly.
If we want to save the life on the planet, that is what we should join to do. Be friends, treat other people nice as we want others to do to us.
Boycott weapon industry, join to demand peace.
How is it possible to make a very strong union for peaceful living?
If EU negotiate peace and no violence with Russia, instead of listening to NATO / US warmongers, a big part of the world would be able to live in peace.
Solving common problems instead of buying weapens.
When has weapen solved any problems?
A comment chalk full of nievity.
hongkong stocks went pretty bad... might be a rebound from being oversold. miners are also at like 52 week lows. Might be a good buy opportunity too.
This guy deserves millions subscriber.
Sean - a simple question. If a banker knew that you are not able to repay the existing loan, will he continue lending you more monies??
YES. When the bank lends too much money to you, he becomes a shareholder.
Boris Johnson: "Peace negotiation with Russia is NOT AN OPTION." 😅😅
Angela Merkel: "The 2014 Minsk agreement was an attempt to give Ukraine TIME, TO BECOME STRONGER as you can see today." 😅😅
Volodymyr Zelensky: "NOBODY believes in our victory like I do. NOBODY." 😅😅
Jens Stoltenberg: "The paradox is that if we want that to happen, a peaceful just end to this war, the way to get there are MORE or is MORE WEAPONS to Ukraine." 😅😅
Jewish Zelensky and his team (former theatre troupe in government with him) are Israeli Mossad operatives. The war in Ukraine is solely to pressure the Russian military out of Syria, and as revenge upon the Ukrainians, who murdered 1-million Jews in WW2 and were cruel Nazi concentration camp guards.
Nice one Sean! Thanks for that❤
Ukraine is done, Russia has won. No US loan can stop it. China is stabilising its property sector, probably mid term strategy, long term is high spec manufacturing. US debt profile will worsen.
Hey Sean, didn't Canada do the same thing as France. They promised a bunch of money to Ukraine and then just recently turned around and said they won't be able to pay it?
With the way things are going it might be the saving of Europe in the long run Much better than the way it was going!
NATO was even threatening Asia !
"NATO was even threatening Asia !" Not really. Like any bureaucracy that has outlived its usefulness, they are probing for new areas to expand into.
Dear Sean, I have been subscribed to your channel since I can't even remember when, it's so long ago. You are a very intelligent man, ( a Chemical Engineer if I remember correctly? ) I rarely ask people this, but would you you please slow up, just a little in your speech? I believe your impact of your messages will have so much more thought penetrative to your followers and hopefully many more? I enjoy listening to your podcasts and you certainly do your homework! (I'm 67) Best wishes, Bruce
Its inevitable for China to bounch back and continue to grow. The fundamentals are there and they have the ability and capacity to manufacture. Most of all they still have the people. In the long run the USA is finished.
China is facing internal LGFV real estate problems, now; and, potentially, trade issues, owing to de-dollarisation. The CPC is loco believing more manufacturing will help. Producing more, when exports are in danger and domestic per rata domestic consumption is low vis-à-vis the high level of production is madness.
Thanks Sean. Excellent analysis 👏
thank you!
where can I buy China stocks?
Great update! A few days ago, I wrote to another finance channel that they had the China situation all wrong (he replied we'll have to agree to disagree). As the talking points Sean presents become common knowledge, I wonder if he (and all the others) will revise positions.
Another insightful topic Sean. 👏👏👏
Nice Channel Sean. Great information. 👍.
My guy!
Eazzy solution!
4 year term for congress and senate without a salary!
Great work, Sean❤
Print Print Print. Why did Yellen crawled to Beijing if US can print itself out of trouble?
Fantastic content 👌🏻 👏🏻 👍🏻
thank you!
Sound, we will be left with only one choice. Run for Gold.
Agreed. It might take another 5 years or so. As the West declines, gold will begin to appreciate faster.
Quite running and hiding ..transition is coming to the rescue
Does anyone know where the Brown University study mentioned in the video at about 4:11 was published?
No problem. In the beginning,where do money come from? Printing machine right? Nowaday you need not back up your currency using gold/commodity. So just switch on the printer. Only worry no ink & paper,!!
But But any country that does that will end up like Venezuela and Zimbabwe US and Europe No difference 😂😂
With such a high percentage of Europeans wanting a peace deal. It should be the duty of its leaders to try to ensure a negotiation. It is clear the leaders don't care what its people want.
So we're basically transferring money to the US weapon manufacturers.
The US will be sending that welfare cheque to Ukraine for to encourage soldiers to keep up the good retreat. The Chinese have always kept their stock markets and economy, relatively in good order ti endure sustained growth. Un like the US, EU and UK.
Thanks
Bro it will be very good if u make us economic online course
maybe one day!
There's no business, like War business.
Daddy Warbucks strolls along the boulevard ; that big, old Stomach wobbling up and down.
Very pleased with himself.
"Another good day at the Office, Son ! "
if the US raises their GDP through their manufacturing renaissance, spurred by the influx of migrants for cheap labour and the abundance of cheap energy available to the US, they could probably outgrow their deficit granted that they take austerity measures as well.
TQ for the information.
I don't understand if you spend money on production, but then you give what you have produced to someone, and they destroy it, where is the profit in this scheme?
Profit for MIC paid by ordinary tax payers
@@lientruong2500 There can be profit only when you sell what you have produced, and what is the profit from what you have donated?
@@lientruong2500 You spent the money you borrowed on workers' salaries, on materials for production, then you gave what you produced to the first person you met, where will you get the money to repay the loan?
@@longarm498 printer machine my friend. You and your siblings, maybe your grandkids have to work hard, pay taxes for all US war adventures …
When the Global South gov and people wake up and stop relying on USD for trading, investing … you have to live within your means, not the fiat USD backed by nothing to exchange for our goods …
Good luck everyone
@@longarm498the money is printed, the borrowing cannot be repaid, that’s why they use bombs to scare anyone who wants to claim their money back.
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BRICS will prevail !!
Ukraine has no money problem. The US press goes into action 24/7 and pass it on to Ukraine for usse
U.S. defense spending is more about the elected officials stock portfolios than creating jobs or helping Ukraine. That is why the U.S. is in constant war……
Rich folks had better get into their bunkers. SHTF is here.
Japan’s economy has become a cautionary tale
And yet the Japanese stock market has been climbing recently until it is now the highest in more than 30 years.
That's cause ALL Stock Markets are manipulated by BlackRock and friends. Unless something big happens, the economy of a country has marginal effect on it.
US government spending directly contribute 23% of GDP. Indirectly maybe is over 50%. Imagine suddenly unable to spend like before, what will happen to US GDP?
If inflation is 5% and the GDP is 3% isn't the real GDP -2%
I womder if that money is audited by a independent financial professional who really received that money? How much does US contractors really received for doing what?
How do you buy Chinese stocks?
Just wait they’ll ring you and then they’ll take your money from you,that’s what is called a scam.
Ukr belongs to Russia with Odessa & Kyev, western part of Poland is Germany.!?!?
As long as Europe and Japan are dependent on US defence protection, the US can print dollars and their will always be a market for it. It remains despite America's profligacy, a safe haven currency. The decline of the US is a long one. It is like the decline of the East Roman Empire. Other powers are rising vv the US and the West in general. But it is a long slow process. Still, the writing is on the wall.
I wish i had a crystal ball. No idea what's going on in this world of ours.
What's $60 billion, when you say it fast?
Exactly right Sean.
You Tube is blocking my posts.
The US needs another 10 years of Biden! He's doing a magnificent job.
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🇺🇸$300 million dollars from USA .$95 Billion dollars from USA for Ukraine and Israel 🇺🇦🇮🇱
At 5.5%, the U.S. fiscal deficit has long exceeded $1.6 trillion (actually, $1.9 trillion in today's standards). Mandatory expenditures take up to 70% that include social security, Medicare, pensions, etc. while discretionary and miscellaneous expenditures cover the other 30% such as defense spending, weapon acquisitions, water, electricity, petrol and infrastructure. At this rate, the U.S. fiscal deficit will balloon to more $5 trillion or more instead of the projected $2.6 trillion by 2033.
Still, the U.S. government refuses to reduce its unnecessary outlays, especially the more than 800 military bases around the world. It even balks at increasing taxes on the rich for fear of offending the people who control the purse strings of all American politicians in their election campaigns every 2 (congressional) and 4 years (presidential). At the same time, the U.S. continues to funds wars in Ukraine and now in the Middle East as well as preparing itself for skirmishes with China over Taiwan and in the South China Sea to show its "leadership" to the world at large and to Asian nations in particular.
The only alternative left is to expand its quantitative easing, increase the interest rates to attract buyers of its bonds and to pass on the inflationary pressures to other countries around the globe. In short, printing more money to service its debt obligations and harvesting the wealth of unsuspecting nations of their blood-and-sweat hard work are simply what the richest nation on Earth plans to do all along, like it always has.
Thank you Sean. 🌹
Devaluation sounds like a good idea. Just devalue the US dollar 50% and you reduce the national debt 50%.
If nothing never happen Everytime you borrow then what's the incentive to stop borrowing...
i have a question. why US dollar keeps getting stronger despite the dollar dumping move by China and the BRICS nations?? can someone explain to me?? 😅
Russia is the best... THE BEST!!! It's the new land of freedom and opportunity 😉
Too cold
Do you live there,if not how can you say that.
@@johnanderson5242 I married a Russian girl 15 years ago. We started a business in Russia and had been going back and forth (between Russia, the US (Washington State), and the UK). We were also building a home in Russia, which was only just completed about 5 years ago. We moved to Russia permanently about 3 years ago.
@@MnemonicCarrier I’m happy for you,so you’re happy with what Putin is doing,obviously the sanctions are not bothering you and you’re business which you must have something the west wants ,why aren’t you at the front fighting.
@derson5242 I did 2 tours in the Middle East, my fighting days are OVER! (I have way too much to lose these days - including a 7 year old son 😉). BTW - my country (the US) has caused a lot more wars, death and destruction than Russia ever has!!! Putin did everything possible to try and avoid this war, offered many peaceful solutions, but he was rejected each and every single time. Anyway, take it easy bud - try not to let hatred consume you!!!! ❤
This is the end as the percentage of the budget allocated to debt service increases. The ability to avoid massive downgrades of American treasuries will be harder to avoid. Whatever foreign money is still in that market will flee and even domestic demand for government bonds will fall. The Fed will not for long be able to put off the last Great Bond Market disaster. What happens after that is anyone's guess, some say the bond market is much larger than the stock market. How will it affect equities? I don't know but it can't be good.
So, all of us kinda in an era which equivalent to 1930s great depression?
Good content Sean