"10 Trillion In Debt" - China Suffers Steepest Decline In 9 Years As Economy Enters SLOW DOWN CYCLE!
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- Опубликовано: 29 авг 2024
- Chinese economy slowed to 4.7% growth in the second quarter, missing forecasts and down from the first quarter's 5.3%. This slowdown is due to weak consumer demand, a property downturn, job insecurity, and declining global demand for exports. The government is under pressure to support the economy amid these challenges.
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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.
It's worse here, our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.
People believe their currency has the worth it does because they have no other option. Even in a hyper inflationary environment, individuals must continue to use their hyper-inflationary currency since they likely have minimal access to other currencies or gold/silver coins.
@@MaryLawson874 Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.
@@roxdietren I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path..!!
@@BrandonRichards21 Claire Robert’s Durand is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
In light of the ongoing global economic crisis, it is crucial for everyone to prioritize investing in diverse sources of income that are not reliant on the government. This includes exploring opportunities in stocks, gold, silver, and digital currencies. Despite the challenging economic situation, it remains a favorable time to consider these investments.
The pathway to substantial returns doesn't solely rely on stocks with significant movements. Instead, it revolves around effectively managing risk relative to reward. By appropriately sizing your positions and capitalizing on your advantage repeatedly, you can progressively work towards achieving your financial goals. This principle applies across various investment approaches, whether it be long-term investing or day trading.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
Please can you leave the info of your investment advisor here? I’m in dire need for one
Finding financial advisors like Melissa Terri Swayne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
I just googled her now and I'm really impressed with her credentials. I reached out to her since I need all the assistance I can get.
*When someone becomes rich, a lot of things change. Lifestyle upgrades, new social circles, and different financial responsibilities are just the beginning.*
You mean like getting a private jet instead of flying commercial?
more opportunities for investment and philanthropy increase as well
Managing wealth becomes crucial. Professional advice from expert financial analyst and advisors are important.
Experts like Brian Humphery Services can be invaluable, as he is very effective and experienced.
Brian Humphery Services was my hope during the 'bear summer' last year. I made so many mistakes but also learned so much from it, and of course from Brian.
Find another source, Reuters cannot be trusted as a sole source.
Every country's been lying about their debt for the past 25 years look at the US
lol moral relativism
The US is the cleanest dirty shirt, in the Laundry Basket
Stop lying. Least the US has checks and balances in their system. China doesn’t have that. Russia doesn’t have it either. So what you talking about bout Willis?
😂😂😂😂😂
How are we lying 😂. We always are talking about how much we're in debt.
At least the US government can print as much green paper as they want.
Thanks bud. I got a 150K mortgage, bought 75k worth of Brett with it. YOLO from profit of 10k thanks a lot Sonia campbell
Hello, how do you make such amount? I'm a born
Sonia but sometimes I feel so down of myself because of low finance but I still believe in God.
Every crash/collapse brings with it an equivalent market chance if you are early informed and equipped, I've seen folks amass up to $1m amid economy crisis, and even pull it off easily in favorable conditions. Unequivocally, the collapse is getting somebody somewhere rich
Wow, you guys are discussing about the same thing in my mind what a coincidence. Hahaha .I bought couple of crypto like Shiba Inu, BNB,XRP & ADA.
Sonia Campbell was my hope during the 'bear summer' last year. I did so many mistakes but also learned so much from it, and of course from Sonia campbell.
Yeah! Our government has no idea how people are suffering these days. I feel for people with disabilities not getting the help they deserve. Thank you mrs Sonia Campbell, imagine investing $12,000 and received $202,500.
What are the best strategies to protect my portfolio? I've heard that a downturn will devastate the financial market, so I'm concerned about my $200k stock portfolio.
There are strategies that could be put in place for solid gains regardless of economy situation, but such execution is usually carried out by an investment specialist
I've been in touch with a financial analyst ever since I started investing. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders
Mind if I ask you to recommend this particular coach you using their service? Seems you've figured it all out.
Angela Lynn Shilling is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
I appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.
The next year is going to be crazy!
Oh man you guys really need to get a China expert on.
Everyone claims to be a China expert, such as Gordon Chang.
Why should they do that when thy can just tell the ppl what thy want to hear
This seems like the worst period.
Even the market are now very unpredictable. Started investing recently when the market prices were a bit high, today I am more than 60% down!
Don’t be confuse buying the dip in a bear market, with guaranteed future returns. Just because that company is down 60%+ from ATH does NOT make it a sound long-term investment. Make sure you’re investing in great companies. kudos to Juliana Heidi
Only God knows how much grateful i am. After so much struggles I now own a new house and my family is happy once again everything is finally falling into place!!Juliana heidi
Amazing You trade ?? Wow that's huge, how do you make that much monthly?
Juliana heidi' is my hope on the current 'bear summer' . I did so many mistakes but also learned so much from it, and of course from Juliana heidi..
please how can I reach her?
China population is more than 1 billion and Debt is 10T.
US population is 340m and debt going to 35T.
And this people are saying China in bad shape?
Happy that Adam is not here…
Where is Adam?
@@randombutrelevant That sounds like Biden
He's rimming Israelis
@@randombutrelevantI usually fast forward when he speaks 😆
you dont wanna hear him say "follow the money?" lol
Bring Abby Joseph Cohen on the show. She changed my life Financially I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Abby Joseph Cohen Services, for her expertise and exposure to different areas of the market.
Good woman she has been a blessing to me and my family
Abby Joseph Cohen hooked me up with a late-stage fund that got me in on private shares of some hot companies before they hit the market or blew up. Those investments totally paid off when the companies went public and their stocks shot up. Now, I’m stoked because I’m heading into retirement with almost a million bucks in my portfolio.
I know this FA, Abby Joseph Cohen Services but only by her reputation of being a former employee at Goldman Sachs; even though she's now involved in managing portfolios and providing investmnt guidance to clients. I have been trying to get in contact since I watched her interview on WSJ last month
@@DennisSokolov-ws3sm
Well her name is 'ABBY JOSEPH COHEN SERVICES'. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
Abby Joseph Cohen Services has really set the standard for others to follow, we love her here in Canada 🇨🇦 as she has been really helpful and changed lots of life's
Meanwhile (Sean Foo) Is Depicting A Different Picture.
Sean Foo is correct these guys are just china bad
It's quite concerning to see the various challenges our economy is facing right now, from uncertainties to housing issues, bad weather conditions, foreclosures, global fluctuations, and the aftermath of the pandemic, all contributing to instability. The rising inflation, slow growth, and trade disruptions definitely require immediate attention from all sectors to bring back stability and promote growth. How do you think these issues can be effectively addressed?
It's a bit unsettling to see the Chinese Yuan losing value due to inflation while other currencies are gaining momentum, creating a sense of uncertainty. Despite this, there's still a level of trust in the perceived safety of the. Chinese Yuan I understand your concern about your ¥420,000 retirement savings potentially losing value. Exploring alternative options for securing your money sounds like a wise move. Have you considered any specific alternatives or strategies to safeguard your retirement savings?
With my demanding job, I lack time for investment analysis. For seven years, a fiduciary has managed my portfolio, adapting to market conditions, enabling successful navigation and informed decisions. Consider a similar approach.
This is definitely considerable! Do you think you could suggest any professionals or advisors I can get on the phone with? I'm in dire need of proper portfolio allocation.
Just research the name Desiree Ruth Hoffman. You’d find necessary details to work with a correspondence to set up an appointment.
I'm grateful for your help. After looking up her name online and checking out her credentials, I must say, I'm really impressed. I reached out to her because I could really use all the help I can get. We've set up a call for further discussion.
PBD idk what issue you’re having with that wall behind you, but I know a good drywall guy 😂
I don’t think he picks a hotel room based on the room’s dry wall.
if we are 30trillion in debt to to china, who the hell is china in debt to?
Itself
Self funded so they still winning 😂😂😂 these ass say China 10 tillion 😂😂😂 America make be 60 tillion
The PRC only holds $816.3 billion USD, while Japan holds $1.14 trillion USD, and UK holds $678.5 billion USD, with numerous other countries holding much smaller portions of the US debt.
US Citizens hold 78% of the US debt.
😂😂😂😂😂
Umm tax payers 😢
Nah, we're in negative GDP, they're at 5. We are not the same
The World Economy is collaping in real time, God Help Us.
No it's not lol
No it isn't!
The western world is collapsing into disorder.
Another video without adam?? I'm all in!
Japan has been selling so may T bills it even raised our 10 year average weight. Their money has been taking a hit so hard they been cashing out.
Drawing equivalency between Chinese debt and US debt is apples to oranges. Unlike the US, Chinese debts are almost entirely INTERNAL, ie: what local governments owe to the federal government. So worst case they just write that off. They dont owe that to foreign entities like the US does to foreign holders of its treasuries.
And where did the Chinese national government get the money to loan to the local government?
@@Jay-be3umExactly...the deeper story which then would explain why they are so eager to rid of us...if war starts and the US is seen as the bad guy they win.
say I loan you $10000 & you don't pay me back, that's still a loss even though its "internal"
@@dxer22000 to be more specific, it's like you owed $10k to your dad, as opposed to owing a bank. Surely you don't need me to explain to you the difference.
@@kevinlin4895 where did your dad got it from? Under that logic the US doesn't really have any debt..If the US doesn't pay its debt what are those countries going to do?
Prices will never substantially come down. Few overpriced items will and the rest will just slower increase!!!!
usa is 35 trillion dollars in debt. our interest on debt is 870 million. Go figure ?
870 Billion*
Gonna be 2 trilli by the end of 2025
So what. Your paying yourself that interest
@@H1labs that’s not how it works goofy
@@JS-bn4vx it’s not how it works like how you think it works either 🤡🤡
those GDP numbers are already inflated. So the situation is even worst.
USA is $33T+ in debt. Fortunately for them, they just export it...
Love the crowdstrike ad on that news report. Did not age well
Dont worry about china, worry about usa 😂🎉
Where is the guy that normally sits to PBD’s right in the studio?
Nobody cares.
We spend over $868 billion on debt interest in 2024 and $841 billion on national defense.
Also, thanks for the knowledge you men are sharing with us.
I wonder how much that “floating bridge” cost them to build.
Have you seen the US debt?
election year and no one is talking about usa debt. pray 🙏
Must be 35 trillion
US growth is 1.4% first quarter of2024 and China is in terrible shape with 4.7%???
China numbers seem fabricated. I felt like those draconian lockdowns really hurt the countries gdp. Not saying the U.S. numbers are 😂.
It's not,the numbers are not transparent, it's all coming from the communist party and no one can see inside
On point Vinny
Trump did absolutely nothing special with bringing jobs back and it is sad that they are implying he did. I read a good article that excluded the pandemic for Trump and the great recession for Obama. Obama outperformed Trump. This doesn’t mean I want Obama back but let’s stick to facts. We have yet to have a president that sincerely wants to bring jobs back.
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Fred Stephen.
I'm celebrating a $42k stock portfolio today. started this journey with 6k. I have invested on time and also with the right terms now I have time for my family and the life ahead of me
How
..? Am a newbie in crypto investment, please can you guide me through on how you made profit
Thanks to Mr Fred Stephen.
His a licensed broker here in the states 🇺🇸
Wow I’m just shocked you mentioned (Fred Stephen) thought I’m the only one trading with him
Peter Zeihan has been saying this about China for quite awhile now. China's working age people is shrinking more and more by the year.
They have a lot more to start with. Why is nobody worried about Japan where aging is really becoming a concern?
Would you all be willing to talk or share some facts and info of Project 25? I would love to hear you all talk about this. Thank you alll. I know this is not the topic here. But not exactly sure where to send this request.
Sometimes Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.
Awesome. Thanks for the review!
Interesting PBD, please get Kyle Bass on soon he has interesting take on this. Thank you
What is 10trillions compare to US' 35Trillions and paying 1Trillion in interest every year.
But u can buy 100" tv for 300$😂😂
Glad Tom fixed his hot mic.
When you have a channal called Valuetainment reporting on economics, I don't bother!
USA with 1/4 the people of China but nearly 4 times more debt 💀🤦🏻
$10 trillion? You're at $34 trillion and skyrocketing, nobody's even batting an eyelid.
Sounds kind of like interest is demanded of nearly all money ever printed, so of course there literally isn’t enough money to pay the interest, it would be impossible for there to be.
China has forex reserves higher than external debt. Us has almost zero forex and debt 100% of gdp. Btw our internal debt twice as big as China as percent of gdp and we are worried as China with 4-5 gdo growth? What is US growth?
4.7% gdp growth is a slowdown? Are you sure?
….
Also China’s population is decreasing the one child rule really backfired
China doesn't have a one child policy anymore yo.
@@sam_1570The consequences will be felt for years because of that and the people still don’t want to have any kids
@@JackCrossSama some people. Cost of living in China is much less than in the West.
There's families in the oil industry that have 10 trillion chill
one needs to know some things about Chinese GDP: it does not include employee health care and other thinks deemed necessary for prduction. In order words, Chinese GDP measures actual production, not financial services. Meaning, it's far higher than the numbers suggest. Now the policy is to get rid of real estate driven growth pivoting to high-tech driven growth. China has an accounting problem: state-owned banks own debt of state-owned conglomerates and local governments. Not worried at all, about this Chinese "debt", it's just two sides of the People's Bank of China balance sheet.
Oh no 10 trillion we are 34 trillion…..
These are the experts? 😂 Yea this is why China isn’t afraid of America …..
Why didn't you cover Vivek Ramaswamy. He had an amazing speech last night
China will be fine. China is self sufficient country, what US used to be.
Self sufficient? They don’t produce near enough fuel or food 😂
Surely someone, somewhere would have noticed when at a billion in debt , io mean what did they say look I promise I can pay it all back end of month I just a need a few billion more to see me through rest of this month 😂😂
Right
@@jacofiala5996 right what ???
Peter zeihan been saying that China is toast in next 5-10 years
And Gordon Chang has been predicting China's collapse for 35 years.
Lol he's a propagandist
China not just miscalculate their debt/GDP, they miscount their population by like 100 million people as well
The world is addicted to oil..........and debt! OPM :)
how did more jobs move back to usa???
THat article was dated Dec23
Not that I miss him but I’m just wondering where Adam is!
Did someone get Covid? Why the Zoom calls.
And should I buy call options in Zoom?
Oh damn nevermind 5:28
The whole world in debt but still giving money to people
Debt is BS
Everyone still get what they want
Do your guys just use their feelings in economics
World War III escalating after the Olympics.
Don't think he's right if I'm making pencils and make them in usa ..simple wages 2 dollars and hour in China usa 20 an hour...who will buy the pencils from usa
A debt of USD10 trillion! Really?
Provide some context around what China's debt is made up of.
And the US debt is what - knocking on the door of USD35 trillion and increasing by a further trillion dollars about every 100 days?
Which country has the biggest debt, with an exponential and unprecedented level of increasing risk not only to its own economy?
You need to factor in how much they save by not needing energy. Soon China will have 100% renewable energy, does that matter when factoring this economy slow down? I think free energy kind of changes the game a small bit, I could be wrong.
@@668771 I don’t think wind is free energy when you take everything in account
Who are all these countries in debt too?? Lol seriously
It was a strategic decision by China to slow down its growth a few years ago so to maintain economic growth for a long time.
That’s ridiculous. China has been doing everything it can including exporting fake propoganda and utilizing influencers and social media troll farms to try to invite foreign investment. Zero Covid policy was 4 years ago-and that was not in their plans. The difference between the United States and China economically is one major thing. The US actually develops new technologies and finds ways to ride new economic surges. China hasn’t invented anything of value in a long time-all they do is make cheap copies of other countries developments. Their economy was largely based on a Ponzi scheme real estate market where most of it’s citizens are very underwater in projects that haven’t started development, or in projects where the development is of such poor quality that it’s falling apart. Prices for real estate in China have fallen so much that the citizens themselves don’t trust in it anymore-and foreign investment has been rushing out of China since their restrictive economic Covid policies. One thing you can be sure of-the numbers that China releases are fake and things are far worse than they claim.
So you ain going to talk about dedollarisation 😂
is that all where 34 trillion in debt and most of that is to china
Actually, stablecoin issuers are in the top for buying US debt. (Circle, Tether, and soon to be Ripple)
The stock market had a great 10 years. Wouldn't surprise me if the next 10 years are rather bumpy.
Vinny fanboy here !
Is that Nerk?
For better relationship with China we have to find out how to relate to them
11th amendment; Subjects of any Foreign State
China owes 10 Trillion but America has 32 Trillion and also China has 4 times more people. Who is real trouble?
Americans are funny they are worried about other countries but not in their own
PBD should say china economy grew by 4,7 % other that the expectation of 5,1%. Please don't mislead people thank you
never Bet against China
Lol china debt is LESS THAN GDP, Americans debt MORE THAN GDP 😂 quit making bs up!
China slowing down so stop demonizing and antagonizing them, leave China alone
10 trillion to who?
These guys are talking about china Debt…. It’s ridiculous because the USA Debt is 100% of is GDP so so it’s not china 🇨🇳 is a decline it’s USA 🇺🇸 are in decline because everything is worst in USA .. the roods. The brights . Everything the only moderne contry Didn’t have a High speed Railway …. So u Gus you need to talk about a lot shit going in USA
If this news is true. Then it is a WoW
10,000,000,000,000 < 35,000,000,000,000
Big Joe did that !
China Debt: 10 trillion
U.S. Debt: 157 trillion
Factor in population per country vs debt and tell me who's really in trouble..
China doesn't have dollar you leftist lover of China 😂😂😂
I am a fan of your podcast but Vincent has crossed the line with his passionate but wrongful accusation about China causing the pandemic. You have people on the American side that is culpable too.
It’s one thing to see China as your economic adversary but to behave like a child and make such absolutist remark about China makes Vincent sound like an ignorant kid. He might even be showing his true color as a racist against the Chinese.
China maybe slowing down.....but watch out very powerful manufacturing base with no OSHA or EPA or Red Tape !
And access to the cheapest energy on the planet
Whoever did the unnatural airbrushing for the thumbnail needs to chill out.
this is pure cope from the declining West
Am3eicans in d3bt themselves speak of someone else’s debt 8000 miles away. Wow. How about you start with your own debt? You care about others other than yourselves, which is the moral of this story. Wow. Explain the situation for both economies using the PPP (purchasing power parity).
Thank You for Your Work Gentlemen!!!
GOD Bless You!!!
Investing in NIO stock will change your life