As an indonesian 1st time visited USA in 1989 still in high school and think wow a great and advanced country, on the flight back home stop over in Hk and cross to china and see it as a poor country. Second time 2005 when to china on trade mission and I saw the economics boom changing shenzhen. Since then travel regularly to china, fast forward to 2022 the last time visited usa i can see which country is in decline and which winning
I was born in the West and have been living in Hong Kong for 40 years. The first time I visited Mainland China was in 1988 and have done so every year since, except for during the pandemic. I have seen the miracle and it never ceases to amaze me. It amuses me to read the things prople say about China who have never been there. Professor Wolf’s analysis is spot on and one of the best I have ever heard.
people are ignorant ,ill informed mind controlled and propagandized and the best part ...most dont even know it . i find a certain black poetry in that ...i agree with you ,,,aware awake sinse 2009 when i turned off the tell a lie vision ( television mainstream)
Hongkong amaze us too. From mainland China. The reason why America may lose in automobile in nowadays similar to the situation they lose to the Germany and Japanese in the last century，the American automobile is never the invincible.
When I read the word competition from the Biden administration, I said yes on Facebook. Damn it, I never knew their version of competition is so dirty and ill-willed. At school, I was taught competition was a very positive idea. What terrible teachers I had! What terrible books I read!
@@tomchen513 Biden is all about hegemony, not fair competition. US plays dirty. It doesn't care about you or me, only the wealthy supporters. US is plutocracy, not democracy. In fact, the more the country proclaims to be democratic, the less it is. Follow the money.
@@TacticalMayo I believe the statement “SilverFox-p8h made is true. There has only been one war by another country in America. America fought the British on American soil for independence. That’s really the only “true” war fought on American soil. The Civil War needed to be fought. Slavery is wrong. The Mexican-American War was a land grab to steal territory that belonged to Mexico before the arrival of Europeans. The all out war on Native Americans to steal their land should also be included in this conversation. Now, look at the countries worldwide that America has invaded. And… once they invade your country a Military Base will remain there permanently…
Trivial problem : the politicians are merely mouthpieces for businesses, especially the MIC Military Industrial Complex, and Oil. Oil stamped on (a) Thorium molten salt fuel cycles : Nixon ordered all his team to come down hard on all nuclear research outside his base of support, California (YT video Thorium Debunked). He mentions people in back rooms : Oil had the most to gain. After the shooting down in the street of JFK, and his brother in a back room, both of who wanted an end to Vietnam, no President has dared to cross the MIC. From Reagan onwards, the will of the people on every front has simply been ignored. On competence alone, Reagan's 2nd term, Trump and Biden should all have been retired before they were allowed to be President. This extraordinary dangerous as the control of the nuclear arsenal demands a competent individual to make decisions.
Time haven't changed nothing.... 😂... you're still not on the moon and your Navy runs on gas.... it's embarrassing to compare yourself to the US.... You're a third world country, fix that first....
My husband came to us in 1996. When we found there was hot water coming out of the tap, we were thrilled. We made about $60 per month in China. 11years later, my hometown was completely upgraded that I didn’t even know where I was. We decided to return to China since then. I visited US once in a while, but never wanted to live in us. It is much more convenient, cheaper, and fun to live in China today. We don’t agree with everything the government does, but we never want a war. Both US and China are great countries with great people. As just an ordinary person, I will not allow myself and my family be used and sacrificed for those elites and capitalists of either side.
Good way to put it. There are rich people and politicians in both China and the U.S. that want power and war while the average person in both China and America wants to live their life and be left alone.
@@koltoncrane3099 theres a different, there are no military complex in china that can lobby the government to do their biddings, leaders in china are more unlikely to want a war than leaders from the west that could benefit with all those fancy spinning door. also add in the tradition of china where civilian government dont like war as it empower military.
The Chinese system is the best in the world for the everage people because they raised 840 million people out of poverty in 40 years that is an achievement never seen in the world.
@@pseudoscientist8010 "He said 1.4 billion people.." Actualy he is not right its 1,412 billion to be precise according to the worldbank in 2022 but you my friend are wrong. Please inform yourself before making a fool of yourself
If it's between Chinese or Americans, Chinese deserve high standards of living. They've worked so bitterly and honestly for what they have. They're not rolling around in blood money
.. and Chinese have experience of struggling through tough times - and know the difference between physical reality and illusion. USA has a sense of entitlement.
I don’t know what USA is spending on. They should place its citizen first but they spent on foreign policies and racked up so much debt making the world less secure.
There is an equal market chance associated with each crash or collapse. I have seen people accumulate up to $1 million during a crisis, and even make it work in a strong economy if they are prepared and well-informed. Without a doubt, the bubble/collapse is making someone wealthy.
I completely agree. It's not just about the dividends or profits, Diversifying a portfolio can be a smart move and i always advise one gets a professional to help out.
The issue is most people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt, no offense. In general, Financial Consultants are ideal reps for investing jobs, and at firsthand encounter, since Jan.2020, amidst covid outbreak, my portfolio has yielded massively in ROI, summing up to 7-figures as of today.
I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
Vivian Jean Wilhelm 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
Thank you for this tip. It was easy to find your advisor. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
I can't even believe that you're even questioning this, just spent a week in California, note I lived there for years, filthy airports and public services, clearly in decline
To those who fantasize that China will collapse: I recommend that you get a different fantasy, a more pleasant fantasy. How about fantasizing yourself winning the lottery twenty times in a row?
@@jfkst1right, that’s why even though Egyptian civilization was older, China is the longest continuously run civilization on earth, since Egyptian empire no more, and China is still here using its thousands years old language, ideas, philosophy etc. settled by its native tribes/ ethnics/ peoples
@@jfkst1That's where you're wrong. China may had been invaded by Mongols and Manchus but over time they became sinicised and completely absorbed into Chinese culture. Their territories that are now part of China and they themselves are Chinese.
Not just in Washington, any American who thinks the population should be able to buy assault rifles is a lunatic. When was the last school shooting in China ?
No, they are not, they are smart elite, they just couldn't care less about the average people, not even the millionaires, unless you are one of the billionaires.
Never ever bet against China; they are BRICS and have the support of the global south (85% of world population).We in the west have enjoyed a high standard, high quality of life because of Made in China. While they want the world to prosper through cooperation, the U.S confronts, with economic and military wars. Imagine the increased prosperity of the worlds two greatest economies working together to also benefit many other countries. Thanks Richard and Jay for the incredible interview.
As long as China can dominate those emerging economies to their benefit. A new type of colonialism that at least comes with benefits unlike the Western model
It’s such a shame US government is run by so many wrong headed ill hearted politicians. If US politicians their hearts and heads are in the right place, the healthy competitions and collaboration between two big powers can create so much stability and prosperity, a god sent blessing to all mankind.
@@chrisgreene2623 Distortion of what colonialism is. Colonialism is parasitic, stripping the host of resources by force or manipulation. Trade and investment are voluntary yielding mutual benefits.
> Chinese last name... yup, sounds about right lol. Quite a narrative you've concocted there. Spectacularly wrong on all counts, of course, but quite imaginative all the same. China has depended far more on being in the United States' good graces in order to advance than the other way around. Bite the hand that feeds you, and... well, you'll learn what's comes next.
Regrettably, the United States might be the first to face collapse. As an immigrant nation, it deals with social, racial, and religious challenges akin to those in Europe. The country also struggles with homelessness, drug abuse, and overwhelming national debt. Once vital, the manufacturing sector has diminished, resulting in lost competitiveness and declining sales. Successive governments have failed to address these issues, exacerbating the decline with nonsensical isolationist policies.
@@sakai101yahoo9 Europe is collapsing even faster, and with the same problems and the same intransigence and the same source of the problems : uncontrolled vulture capitalism (although many European countries are more socialist than the US, and so less dysfunctional). It is collapsing faster because the US is intentionally de-industrialising Europe in order to move its industries to America as it looses the world market to China and the Global South.
I have traveled across China from east to west, north to south. Even in small towns in the far west or the north, there is a super modern bus/train station served by high speed train. The average Chinese urban resident who 30 years ago could barely afford a refrigerator, now travels to Paris and shops at Louis Vuitton.
The Chinese did in one generation what took several centuries to be achieved in Europe. Mr. Wolff neglects to mention that the Chinese did that without engaging in violence.
The collapse of either country is not something to be celebrated. Both countries are intensively connected to the rest of the world. We cannot have the 'us vs them' mindset. China is not the enemy. It has repeatedly said that it wants to a friend and collaborate with any country (including the US) to grow together, to deal with poverty and other existential threats like climate change, AI and nuclear weapons. No nation, including the US, would like to be encircled by 200 or more hostile military bases, have its coastlines patroled regularly, threatened with sea blockade of its trade routes in the seas off its coastlines by regular hostile navy exercises. Even more critical is seeing a part of its country being armed and encouraged to go independent. And then branded as aggressive, expansionist, and a threat to the world. The US, and the world, is stronger with China as a friend rather than treating it as the enemy.
Collaboration between China and US is always good news for the world, but US closed the door and planned to isolate China. In fact, considering the economic influence of China over the world, especially in Asia and Africa, US is isolating itself
Dummy... China has done nothing but steal every companies internal trade secrets and spy on Democratic nations military capabilities... Words are cheap... Actions speak volumes
Because the “Democratic” system elects “politicians” which very term describes people whose profession is to get into power and to stay in power. They are generally not trained in anything else, be it economics or administration or education or healthcare, but they suddenly are running departments that deal with economics and health and education and governance, and more amazingly, they move from department to department without ANY knowledge or expertise in ANY of those departments. In China, the people in government are not “politicians” but are experts in their field who have been promoted over several decades from townships to cities to provinces and finally to the central government based on their consistent success in achieving goals set by the government, be it economic growth, or poverty alleviation, or technological development : the very definition of a meritocracy. So it is NOT POSSIBLE in China to come up with a total idiot (an arrogant idiot) such as Liz Truss or a charlatan, business failure, and demagogue such as Donald Trump.
In a nutshell, do not mix business and nationalism together. The 🇺🇲, along with (🇪🇺 & 🇨🇦), had picked the latter and now faced the consequences. A big kudos to the OP making this video. Compared to a fews years back viewers can now hear a more balanced perspective.
Most third world countries have 100% tariffs on imported cars for decades The tariffs never improved their manufacturing capabilities. Is America becoming a third world country?
YES. If the definition of a third world country is Corruption, Political dysfunction, Widespread poverty with a small strata of incredibly rich people and a staggering wealth disparity, and finally, Crumbling and inadequate infrastructure and social services/social contract. It is not “second world” because “second world” was used to designate the Communist block, as opposed to “third world” which designated the poor, undeveloped countries of the “Global South”
@@standinginthegap7118 And it's a slippery slope. . There's a line in a song by the US band Little Feat. . "...Well it's high time That you find The same dudes that you must use on your way up You might meet up (pause) on your way down...." . (Song title, surprisingly... "on your way down") . imo, applies to both the uSA and a certain "prominent Political figure" (I'll leave you to guess who)
China in the early to mid 1800s was a large populated empire with around 400 million people and an economy around 25% of global gdp. Chinese silk, tea and porcelain were luxury goods that Europeans all wanted. European trade with China was pretty much a one way street, until the British managed to smuggle opium into China. If not for the devastating Taiping rebellion China would have been strong enough to resist Western invasions.
Also the Chinese Were Able to Match and Surpass America in Many Technological Areas, In 40 Years China Advanced in Aeronautics Space, Aircraft design. 5G Microprocessor , Software engineer, Building , and Bridge Infrastructure Construction, It Took the United States 150 to do this Through the Industrial Revolution.
I recently started openly indentifying as communist. It has been an enlighting experience to hear from Dr. Wolf and other expert people that are not scared of marxism. Marx dialectical analysis of Capitalism plus what Lenin and Mao brought to the theory with practice is fundamental for all socialists. But for development, Deng economic decisions plus Xi vision for the future of China, should be studied as a qualitative jump to the soviet socialist experiment. China is the most advanced form of socialism humans were able to materially achieve. Its an update on Socialist theory and its just the beginning. The world need be taking notes.
I thing I noticed as I grow older, communist is truly for the average citizen, western democracy is for the rich and corporations. The fact that communist part in china lifted millions out of poverty, building roads, bridges and infrastructure to improve people’s lives. Compared to us, wars, weapons are the topics daily
A man with wisdom. China and the U.S. should seek equilibrium, not animosity. Together, they can build a better world for all. Americans should seek to understand China more deeply, beyond propaganda.
Wrong as usual, China and US should seek equilibrium? China did, US refused instead choosing to hobble everything that China does. China does not seek to dominate China seeks independence from U$ sanctions. U$ on the other hand has openly declared its intention to destroy China.
heleny Unfortunately the US wants to rule the world, it has a toxic self belief as bad as the '1000 year reich'. Extreme capitalism in the US, has lowered its standard of living, people are too frightened to phone an ambulance (because everything is done for profit instead of service). It is a fundamental mistake to allow the free market to have control of monopolies, that are essentials to life, such as gas, electric, water and medicine, that people have to buy, what ever the cost in order to live. China has much better understanding of capitalism and communism. The most successful countries were always the Scandinavian people with co-ops etc, lack of regulation in the US, allows drug companies to charge 1000 times the real cost of development and distribution, it is at the minimum morally criminal.
Francine goes deeper than just looking at surface-level trends. she explores technical, fundamental, and sentiment analysis, offering a comprehensive perspective on the market..
Wolff is correct, China concentrate its energy in the past 40 odd years to develop its economy to what it is today! The Chinese leadership cares for the general population, not trying to produce just a few billionaires! The nation as whole matters!!!
This has nothing to do with China but on the part of US led West only. China can be substituted with another country and would have the same outcome. It is simply the outcome that an imperialist empire and its mafia gangs are going all their way to crash any possible rise of nations or a nation, in this case China, that have been successful with having alternatives to all form of its national developments (from economic, military, science, technologies etc.) without subservient to the imperialist system that has been imposed upon to the world. This main video should be focused on talking about why should US led West still being an imperialist empire and why it is constantly forcing every country to be subservient to it instead of being a responsible country and contribute to peace and human prosperity for all (and not the usual benevolence doublespeak bs). Anyone thinks otherwise are being so brainwash and indoctrinated about the core problem. Instead of trying to condemn the thieves, you are focusing on the victims.
I largely agree, although I would also be weary of the PRC doing imperialism themselves, as they have made it apparent they desire to. The US isn't handling that from the right direction though and never will be so long as it's goal is preserving it's own imperial ambitions in Asia rather than the independence of the people living there.
From my observation and historical market pattern, there might be a bit of turbulence in the market coming up, but here's the deal: Trying to guess what's going to happen next is less important than spreading your bets when trading and thinking long term. It's not about guessing the market's next move. it's about playing it smart and steady...managed to grow a nest egg of around 180k to a decent 832k in the space of a few months...
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience…
truly appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a financial advisor... mind sharing info of this professional guiding you please?
Access to good information is what we investors needs to progress financially and generally in life. this is a good one and I appreciate.I will schudle a call with her Thanks
That’s exactly why tariffs are dumb. Most people don’t know this, and when America says it will have tariffs, they really are only screwing its citizens. But this is what the government does. With the unlimited money they had ‘owning’ the IMF, UN, WTO, Worlds reserve currency and having had the Petrodollar, we somehow still have homeless crisis, drug crisis, border issues, decreasing middle class, deteriorating infrastructure, and low performing education system. Very evil once you realize what it actually is.
It’s a way of deterring people from buying Chinese cars if they make it too expensive and it’s a Chinese brand. It’s a foot on the throat of Chinese car brands to prevent them from taking hold and being successful in the West. The sad thing is this doesn’t encourage western car brands to improve on their products. In many cases Chinese cars are cheaper and are better products with better features and technology.
Honestly, this situation makes me feel uneasy, particularly with the Fed's decision to cut interest rates by 50 bps. It indicates deeper economic concerns, and I'm uncertain about my $130K investment strategy, especially with the possibility of not just a recession but potentially a depression.
Just get a financial planner straight up! personally, I would invest in etf and also love investing in individual stocks. yes it’s riskier but I'm comfortable in my financial environment.
I agree. Exactly why I now work with one. A lot of folks downplay the role of advisors until being burnt by their emotions, no offense. I remember some years back, during the covid-outbreak, I needed a good boost to stay afloat, hence researched for advisors and thankfully came across one with grit. As of today, my cash reserve has yielded from $350k to nearly $1m
Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
I just googled her and I'm really impressed with her credentials; I reached out to her since l need all the assistance l can get. I just scheduled a caII.
One of the biggest factors not discussed to a larger degree is the cultural factor. Individuality is treasured in the US ( although fading fast) , in China, it’s the greater community. Because of that, there is a greater national unity in China to get things done.
No, I'am sorry but I desagree. Europe, especially Germany, is not watching the decline of US with "Schadenfreude" but are willingly sinking with it. The EU decided also to put tariffs on Chinese E-vehicles and so following US policy knowing this is against their interrests.
Jay, I don't know if you will read this but I have to say, this is the very best interview you have ever given! And you give good interviews. You ask great questions and allow your guest to answer in detail. Well done!
It is not about socialist capitalist. You can put any system. If the people are incompetence, lazy and greedy, it ain't going to work. The Chinese are unique people, humble and made a decision to learn and work hard. Their achievements are sheer hard work, enterprising and and sacrifice of the people. Not everyone can achieve this meteoric rise like the Chinese, not even the USA.
It's hard to comprehend that a Yale PhD didn't know what China and Japan was doing when elementary school children in Trinidad and the Caribbean knew that they were becoming invincible via electronics and cheap goods 😭😭😭😭😭😭😭😭
To all the hawkish Americans, do you think we can survive nuclear armageddon? Because Chinese and Russians are ok with going that far if it goes that way. We're an individualist society and it's gonna look like Walking Dead over here, but the collectivist societies will know how to rebuild because they've gone through the exercise of total destruction multiple times already. Wish we could just get along with everyone and be a great nation among nations instead of pursuing the "we own you so obey" policy.
I don't know about Russians. Chinese are not ok with nuclear war!! Unlike Americans, Chinese are generally peace lovers . Americans have pushed so many wars in the last century. It is the only country that used nuclear weapons in another country. So your assumption is wrong.
@IEtoileFilanteI China isn't opening it's economy to the world. This is a misrepresentation of the communist closed investment. Look at China's real estate market.
I will go further to that. To all American, as a former war victom veteran CAUSED BY THE US IN VIETNAM in 1970 - I've been a Canadian since late 1979 - you have never experienced any form of true hardship. If you keep instigating, FOR THE FIRST TIME IN THE US's HISTORY, YOU WILL RECIEVE YOUR FIRST TO GOD KNOWS HOW MANY MISSILES LANDING ON EVERY MAJOR CITY AND IMPORTANT STRATEGIC POINTS.
Yes, you can compete. But the problem is that your government does not allow you to compete fairly. Your government uses sanctions to stop you to take up challenges and grow.
My little observation that the USA might indeed be on the decline is my experience in Fairfield, New Jersey. In the 1980s and early 90s, this city was booming with factories all over the place. The vast majority of the people I knew worked in one of those factories. 30years later when I stopped by to visit the area in 2018, every one of those factories had collapsed. There were nothing but empty buildings there. I was shocked and awed by the sight. Nothing last forever, folks.
In a nutshell, China is a socialist market economy, it's a mixed economy. The governmental structure facilitates centralized national planning and administration is decentralized at lower levels. Policy consultation comes through democratic processes at grass-roots level, bottom-up. China isn't anti-capitalists but capitalism is on a leash as the state doesn't allow capitalism to dictate the direction of the country. What you might find interesting the west learned a lot from the Chinese for centuries until the industrial revolution that spurred the west ahead, today the western companies that go to China are finding it difficult to compete with local companies, China has developed in many areas beyond what western companies can offer.
China's biggest advantantage is that they get their leaders through merit, they start at the bottom and work their way up which will take 30 years or so. Americans get their leaders through beauty pageants ( who has the most charisma and the biggest backers).
Eventually China will become more Capitalist . Each Chinese will have more democratic rights at last. A discipline Chinese will allow China to transform into modernisation.
Whenever Richard is having these wonderful, insightful interviews, I just wonder how many people INSIDE the US (or Canada) are following his discussions. Here in the South and East (and probably in certain parts of Europe), people are listening and appreciating his comments and views. Bottomline is the fact that the Western 'leadership' has become violently pathetic for that matter. What should have been a high level US national debate, has become a giant comedy show for the rest of the planet, with an associated sense of fear and hopelessness for the future.
To help answer your question, Prof Wolff was a classmate at Yale (or Harvard) of treasury secretary, Janet Yellen. Yellen is currently helping to drive the US economy off a cliff. She should have listened more to Professor Wolf and to another great, like-minded economist, Michael Hudson.
i will make it simple. China can live without loan. US cannot. US is at a point where it is impossible to stop borrowing money. either the government, or the citizens. i was quite shock when i found out that most american mortgaged their asset for living. american debt will keep rising until they can't pay the debt we will see great depression
Great guest (Janet yellen’s classmste!😮), and excellent content. In this chaotic world with great geopolitical tension, to NOT become the victim of fake news and propaganda, even from our long-trusted mainstream media unfortunately, it is ever more important to listen to guests like professor Wolff, who can give us the framework, context, and historical background to understand for ourselves what is really going on in the world. Thanks Jay!👍👋. (And please invite him back and more guests like him, professor Jeffery Sacks from Columbia University and Yanis Varoufakis, the ex- Greek finance minister, who recently just published a book ‘Techno Feudalism’, are two I can think of who are immensely knowledgeable and experienced.)
The professor lays it out and makes it look so easy but the chinese have the system and the discipline to make their plans happen and I admire that so much I have to go to China to see it with my own eyes.
Now we have 144 hr transit visit to 36 Chinese cities visa free. You can city-hopping btw mainland cities and Taipei/Hong Kong/macao so you can visit multiple mainland cities for weeks without need a Visa. American should get a passport and go….including visiting XinJiang.
No one, absolutely no one, is able to capture a spectator or student attention like prof. Richard Wolff does. He leads you through the paths and twists of history and economics to a point where you lose completely any perception of the surrounding environment, as much as you do watching a compelling movie or reading an adventure book. Educational at the highest level, while being uncannily (given the subject matter) entertaining. If fifty percent of teachers (from elementary school to college) owned fifty percent of prof. Wolff rhetoric skills and teaching mastery, the whole world would be a far better place. For one the rate of graduates students would skyrocket.
I see China wasn't trying to compete but keep developing and manufacturing to strive better and better. The west esp. US see it as a competion because China's economies is getting stronger and stronger. Chinese government (Communist) is much more efficient than democratic system as they gets things done almost immediately than going on debating forever in the end things don't get done at all becos of too much opposition. The west is just tasting the grape sour and jealous over others success thats all. Prof. Wolf says it all. Any country will try its best way to produce the cheapest. Everyone see these but the west & US just could not accept it....a sorrow pill to swallow. Instead of working together to improve, trying to kill others (by sanctioning) is going for a sucidal feat. In the end the BRICS+ countries is going to be rich countries.
I am a Chinese. I always believe that whether it is politics, technology or culture, all of these should serve people. In a saying that Chinese people like, it is called "people-oriented". China may not be perfect, but the Chinese government has indeed served the people. All policies are designed to make its people live better. In contrast, does the US government really put the American people first?
Professor Wolff is basing his analysis on stark naked *_facts_* - couple _that_ to his formidable knowledge and understanding of past history, you end up with someone _critically important_ to listen to! . . . Profound respect & genuine admiration goes out here, from the corrupt, quisling *US* vassal state of Norway! 🙏
China definitely WON’T lose! With the BRICS Alliance and the BRI Partnerships who in the hell needs the Western Collective, specifically the United States!
The economic crisis and down-turn are all the signs of 2008 market crash 2.0, so my question is do I still save in the US dollar or is it okay to move all emergency and savings to precious metals??
Gold is often seen as a safe-haven asset that can protect against inflation and economic uncertainty. But like any investment, it carries risks. To determine if gold is the right investment option for you, an investment advisor can help you weigh the potential benefits and risks of investing in gold. They can also help you create a well-diversified portfolio that includes gold as part of a broader investment strategy. An investment advisor can help you decide how much of your portfolio should be allocated to gold and select other investments that can complement your gold holdings.
Investing in gold is a reliable choice, and I plan to keep buying more to make up for my losses. While silver is also a good investment, my collectibles are not as similar. It's important to have clear investment goals and educate yourself on the type of investment that interests you. I work with a financial consultant regulated by the SEC, and started small, but eventually accumulated over $800,000.
I will like to ask, How did you achieve it? I been trying to stick with index funds. I feel this new interest rates hikes could crash this economy. I'm looking out for a better investing strategy, I have a lump sum that inflation is steady eating up.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Marisa Michelle Litwinsky’’ for about two years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
I appreciate this. After curiously 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 differ from USSR and China PRC. is: China PRC "communist" is just a name only since 1976 when Deng Xiaoping lead China PRC. Deng Xiaoping famously said "It doesn't matter whether a cat is black or white, as long as it catches mice." Deng Xiaoping said "To Get Rich is Glorious"
@@TacticalMayothat's the beauty of capitalism that Chinese embraced. In USA there are no more huge bankruptcy everything is saved by the government (tax the people)
Given the persisting global economic crisis, it's essential for individuals to focus on diversifying their income streams independent of governmental reliance. This involves exploring options such as stocks, gold, silver, and digital currencies. Despite the adversity in the economy, now is an opportune moment to contemplate these investment avenues.
The pathway to substantial returns doesn't solely rely on assets 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.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.
I definitely share your sentiment about these firms. Finding financial advisors like Jane Nina Pickett 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.
The U.S. economy can actually get better if only the govt can start making better decisions for the sake of it's citizens, cos' they've really made life more difficult for its residents.inflation has left the less haves bearing the brunt of the burden. Its already eating into my retirement portfolio. Like where else can we invest our money with less risks?
Navigating market volatility can be challenging, it might be beneficial consulting with an advisor to provide personalized insights based on your specific situation and financial position
No doubt, getting proper financial advice is invaluable, my portfolio is well-matched for every season of the market and just yielded a much better % from early last year. I and my advisor are working on a 7 figure ballpark goal, though this could take another year.
I've experimented with a few over the past years, but I've stuck with the popularly ‘’Jessica Lee Horst” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
Today, the USA; yesterday, the UK; and tomorrow, China. The centers of innovation are always in flux-nothing remains static or fossilized. The U.S. needs to accept this and learn from the mistakes the UK made that led to the demise of its empire. There's nothing to be done but to go with the flow and accept that the ball has been dropped, and someone else has picked it up. The rush for riches at the expense of others is nothing new-empires have risen and inevitably fallen based on that capitalist model. We need to change the way we approach capitalism.
When the PRC first decided to change its economic approach, it was poor and didn't know how the Western System worked. China opened Special Economic Zones to test its plans while China prepared. The US sent some of its best businessmen to acquire benefits. But the Chinese sent its best business minded people to negotiate, and the Americans left empty handed or with ( to the Chinese view) a fair deal. Then the Chinese studied the HK, Singapore, Korean, Japanese approach and adopted this. This policy got China to where it is now. Where from here? BRICS. The World is sick and tired of the US and Western Imperialism. China's approach is benefitting Africa and the rest of the World. Later, the US and Europe will be contained and isolated. Europe will turn against the US as China did to the Soviet Union. Then, the US will implode like the Soviet Union from its own toxicity.
dC politicians are inhuman these days. The decisions made in that city of dC are causing nothing but grief for average American and the world. Term limits needed for all political employees.
@@lorascelsi8102 not just term limits, but a whole revamp. The government is so intertwined with various conglomerates that many follow the same way of thinking. From the military, to Wall Street, to both parties, to celebrities, to European, Canadian, Filipino, Japanese and South Korean leaders. Like George Carlin said, it’s a BIG club and WE ain’t in it. The same way you will look out for your neighbor, so will these folks when times get hard. These folks got millions of lives on their hands and they’re fine so long as they don’t go to jail, they keep enjoying their rich fancy parties and elite lifestyle. This is why I want the baton to pass. We are too corrupt and we’re so good at marketing that we did an amazing job covering it before thhe internet came out lol.
You ask: "Who will collapse first?" What kind of question is this, when China is clearly in a steep ascent and the United States is just as clearly in a steep descent?
Both China and the US are great countries, blessed with brilliant leaders and kind people, the US should be more confident to itself instead of constantly pushing the world into self-destruction.
Yes, US was very good with technology last 80 years. However, China has thousands of things firstly produced, found in China. What I am trying to say is US has done great job with history like never exists before it. China was always a big country and always strong even if it was technically behind.
This is not really accurate. You could take many races and say the same thing. China, like all other countries, has not had a continuous government during those thousands of years. Dynasties rise and fall. They get wealthy and corrupt, then they get overthrown. All human history is like that.
I came across your channel through this video- case studies are incredibly valuable, and I'm eager to see more in the future! Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments.
You're correct. I think the smartest way to go is to spread out your investments. By putting your money into different asset classes like bonds, real estate, and stocks from other countries, you can lower the risk if one part of the market goes bad.
That sounds like a good plan. In the past two years, working closely with a financial market specialist, I've builta six-figure diversified stock portfolio. Now, I aim to diversify even more this year.
Talking about a financial market specialist, do you consider anyone worthy of recommendations? I have about 10Ok to test the waters now that large cap stocks are at a discount
Wow. I'm a bit perplexed seeing her been mentioned here also Didn't know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
The Chinese economy is much larger than the S. Korean economy. China has a larger poverty base to start with. Singapore has the same political and economic system as China. China actually copied the Singapore model of the early 1970's. China is just a giant Singapore. Both nations have one party rule.
Brilliant 🚹thanks for having this extremely brilliant 🚹on your programme! Professor Wolff is,without doubt,a very Brilliant professor of economics,& it is wonderful to hear his analysis!!! Thanks! Most Sincerely Michael Foley 🤔
The model of successful development provided by the West is NO longer attractive, in fact deceitful itself, to the global south, so did the so claimed the western value such as ruled-based order, human right, democracy, freedom of speech, … etc for one reason and one reason only which is the West failed to dress themselves up as a role model to learn from. Beyond the West had already lost its status as shining light of the hill or paradigm, the sad part of the story is the West is still preaching others how to run their states that is something global south countries would NOT pay a serious look at all.
Judging by this show. The people of United States are actually very observant and reflective people. From the perspective of a country, being good at observing and learning always has a better future than being fond of subjugating others by force. But the inertia of the United States bus is too great, and there is almost no force to pull it. It's already on the verge of spiraling out of control. The wars that are taking place and being going on in the world have always warned the Chinese: We must unite and struggle. It is foreseeable how much the world will change in the near future!
America should try to profit from China’s strengths instead of trying to restrict or compete. Why not setup partnerships with China instead, like open dealerships all across USA to sell cheaper electric vehicles to the American people. Make it a win win situation for everybody.
In the mid 90s I went to a seminar in San Diego got an invitation to listen to Arthur Laffer I got down there I dress pretty casual. Everybody in the audience was in a suit so I sat in the back so I wouldn’t get arrested everything he said about China and the Konomi actually happened and it’s happening right now it’s a China can destroy Ford motor company, GM Chrysler Honda Toyota and this is why I won’t go into what he said but everything he said that day has come true thanks, Rick
As an indonesian 1st time visited USA in 1989 still in high school and think wow a great and advanced country, on the flight back home stop over in Hk and cross to china and see it as a poor country. Second time 2005 when to china on trade mission and I saw the economics boom changing shenzhen. Since then travel regularly to china, fast forward to 2022 the last time visited usa i can see which country is in decline and which winning
USA 🇺🇸 USA 🇺🇸 USA 🇺🇸
@@TacticalMayoUSA is down the drain led by the uniwarparty, and MNCs, mic, gender politics 💀🙃🤣🤣
@@TacticalMayocant wake you if you put your head in the sand
Your last sentence is very true.
@@TacticalMayo, I feel sorry for you!😂
I was born in the West and have been living in Hong Kong for 40 years. The first time I visited Mainland China was in 1988 and have done so every year since, except for during the pandemic. I have seen the miracle and it never ceases to amaze me. It amuses me to read the things prople say about China who have never been there. Professor Wolf’s analysis is spot on and one of the best I have ever heard.
people are ignorant ,ill informed mind controlled and propagandized and the best part ...most dont even know it . i find a certain black poetry in that ...i agree with you ,,,aware awake sinse 2009 when i turned off the tell a lie vision ( television mainstream)
I totally agree with you. US spends $ 1.6 billion to spread lies about China.
Support from HK❤
Hongkong amaze us too. From mainland China.
The reason why America may lose in automobile in nowadays similar to the situation they lose to the Germany and Japanese in the last century，the American automobile is never the invincible.
On the other hand, if China keep the direction to communism, they will be invincible in the entire universe.
We should believe in that.❤
But China has never had a thought to compete with US or any other country. They are focusing on developing themselve.
When I read the word competition from the Biden administration, I said yes on Facebook.
Damn it, I never knew their version of competition is so dirty and ill-willed.
At school, I was taught competition was a very positive idea. What terrible teachers I had! What terrible books I read!
That's naive thinking. There is a hidden agenda by CCP China to take control of the world until 2049.
@tomchen513 stay in chinee land taiji boy
@@tomchen513
Biden is all about hegemony, not fair competition. US plays dirty. It doesn't care about you or me, only the wealthy supporters. US is plutocracy, not democracy. In fact, the more the country proclaims to be democratic, the less it is. Follow the money.
COGNITIVE DISSONANCE EH!
Americans are so lucky, they for times since unknown, they don’t suffer wars from another country, yet they go around inflicting wars on so many.
No, not true. But this will be the last one.
The American people have always been at war with their own country.
@@TacticalMayoUS addicted to wars
@@TacticalMayo I believe the statement “SilverFox-p8h made is true. There has only been one war by another country in America. America fought the British on American soil for independence. That’s really the only “true” war fought on American soil. The Civil War needed to be fought. Slavery is wrong. The Mexican-American War was a land grab to steal territory that belonged to Mexico before the arrival of Europeans. The all out war on Native Americans to steal their land should also be included in this conversation. Now, look at the countries worldwide that America has invaded. And… once they invade your country a Military Base will remain there permanently…
Hey if your good at it and it produces fear, why not.
The problem in the US is that those politicians in control grew up in the era of US ultimate dominance, and now cannot accept that times have changed.
True
Trivial problem : the politicians are merely mouthpieces for businesses, especially the MIC Military Industrial Complex, and Oil. Oil stamped on (a) Thorium molten salt fuel cycles : Nixon ordered all his team to come down hard on all nuclear research outside his base of support, California (YT video Thorium Debunked). He mentions people in back rooms : Oil had the most to gain.
After the shooting down in the street of JFK, and his brother in a back room, both of who wanted an end to Vietnam, no President has dared to cross the MIC.
From Reagan onwards, the will of the people on every front has simply been ignored. On competence alone, Reagan's 2nd term, Trump and Biden should all have been retired before they were allowed to be President.
This extraordinary dangerous as the control of the nuclear arsenal demands a competent individual to make decisions.
Time haven't changed nothing.... 😂... you're still not on the moon and your Navy runs on gas.... it's embarrassing to compare yourself to the US.... You're a third world country, fix that first....
@@danhtran6401
Given the US can't even bring astronauts back from low earth orbit, the Chinese are scarcely inferior.
Yes they believe it's their god given right to be No1, their birthright as it were and that mindset stubbornly set.
My husband came to us in 1996. When we found there was hot water coming out of the tap, we were thrilled. We made about $60 per month in China. 11years later, my hometown was completely upgraded that I didn’t even know where I was. We decided to return to China since then. I visited US once in a while, but never wanted to live in us. It is much more convenient, cheaper, and fun to live in China today. We don’t agree with everything the government does, but we never want a war. Both US and China are great countries with great people. As just an ordinary person, I will not allow myself and my family be used and sacrificed for those elites and capitalists of either side.
Wise decision
Good way to put it. There are rich people and politicians in both China and the U.S. that want power and war while the average person in both China and America wants to live their life and be left alone.
Deluded
Same thinking with you
@@koltoncrane3099 theres a different, there are no military complex in china that can lobby the government to do their biddings, leaders in china are more unlikely to want a war than leaders from the west that could benefit with all those fancy spinning door.
also add in the tradition of china where civilian government dont like war as it empower military.
The Chinese system is the best in the world for the everage people because they raised 840 million people out of poverty in 40 years that is an achievement never seen in the world.
@@damionkeeling3103You are describing the Chinese system, thank you.
@@damionkeeling3103 "It's not the Chinese system" I think it is
He said 1.4 billion people... If he was an expert he would know they are only maybe 1.0 billion people in china
@@pseudoscientist8010 "He said 1.4 billion people.." Actualy he is not right its 1,412 billion to be precise according to the worldbank in 2022 but you my friend are wrong. Please inform yourself before making a fool of yourself
yup, while borrowing and stealing so much from the West
If it's between Chinese or Americans, Chinese deserve high standards of living. They've worked so bitterly and honestly for what they have. They're not rolling around in blood money
couldn't agree more, U$ is today still pouring money into Gaz ge no cide and the war in UKR!
Exactly
Communist China has stolen a lot of intellectual property of other countries, for which other countries spent a lot of money to develop.
In contrast，the Europeans became rich by colonizing other people!
Is it not blood money if the blood is your own citizens?
China is try his best to run faster, USA is trying his best to stop China.
Big time obnoxious bully
This makes USA have to stay behind China or USA cannot pull back China. Haha
The Chinese are disciplined, hardworking, goal driven people.
.. and Chinese have experience of struggling through tough times - and know the difference between physical reality and illusion. USA has a sense of entitlement.
Yes, and they are thieves. They stole technology from the US.
@@mijmijrmand the spoild young kids are more lazy and overweight, and the government notice it and try to counter it.
Commie Bots 🤖
COMMUNISM IS GODLESS
China spending in tech.and USA spending in propoganda.
I don’t know what USA is spending on. They should place its citizen first but they spent on foreign policies and racked up so much debt making the world less secure.
And war
Agreed!
If you think China doesn't spend on propaganda as well you are ignorant.
This sentence itself is a Chinese propaganda
There is an equal market chance associated with each crash or collapse. I have seen people accumulate up to $1 million during a crisis, and even make it work in a strong economy if they are prepared and well-informed. Without a doubt, the bubble/collapse is making someone wealthy.
I completely agree. It's not just about the dividends or profits, Diversifying a portfolio can be a smart move and i always advise one gets a professional to help out.
The issue is most people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt, no offense. In general, Financial Consultants are ideal reps for investing jobs, and at firsthand encounter, since Jan.2020, amidst covid outbreak, my portfolio has yielded massively in ROI, summing up to 7-figures as of today.
I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
Vivian Jean Wilhelm 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
Thank you for this tip. It was easy to find your advisor. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
I can't even believe that you're even questioning this, just spent a week in California, note I lived there for years, filthy airports and public services, clearly in decline
It’s good that US is decentralized and people in other states are just going to pick CA, NY and other dem states apart
Yep it’s just sad
CACAfornia - the only State with a Communist Red Star on their State Flag
California is the only State with a Communist Red Star on their flag.
California has a Comm U Nist Red Star on the their Flag
To those who fantasize that China will collapse: I recommend that you get a different fantasy, a more pleasant fantasy. How about fantasizing yourself winning the lottery twenty times in a row?
China has already reached such high threshold that its economy may slowdown but won't collapse 😂😂
Even there it will grow faster than west
🤣🤣🤣🤣🤣 Good one!
Haha ya good one😂😂
Gordon Chang 😭 he even released a new book!😭
@@SilveryRoadIt is Good that the US and its Allies bought into it. Should support that he is Correct for the last 20 years😂
"China has 5,000 years of culture and history, while the USA has 450 years. It's like asking whether the mosquito or the tortoise will die first."
How's the Egyptian empire doing?
@@jfkst1right, that’s why even though Egyptian civilization was older, China is the longest continuously run civilization on earth, since Egyptian empire no more, and China is still here using its thousands years old language, ideas, philosophy etc. settled by its native tribes/ ethnics/ peoples
its not like that at all, this is completely different question
@@TuhunluunBionoid
Yeah but the Chinese have been conquered multiple times and their empire has waned in that time is the point.
@@jfkst1That's where you're wrong. China may had been invaded by Mongols and Manchus but over time they became sinicised and completely absorbed into Chinese culture. Their territories that are now part of China and they themselves are Chinese.
They are lunatics in Washington.
to say the least
Not just in Washington, any American who thinks the population should be able to buy assault rifles is a lunatic. When was the last school shooting in China ?
That's exactly why we need to elect President Trump.
No, they are not, they are smart elite, they just couldn't care less about the average people, not even the millionaires, unless you are one of the billionaires.
@@KenJackson_UStrump is one of them fool he’s no better he’s serves the the same system
Never ever bet against China; they are BRICS and have the support of the global south (85% of world population).We in the west have enjoyed a high standard, high quality of life because of Made in China. While they want the world to prosper through cooperation, the U.S confronts, with economic and military wars. Imagine the increased prosperity of the worlds two greatest economies working together to also benefit many other countries.
Thanks Richard and Jay for the incredible interview.
As long as China can dominate those emerging economies to their benefit. A new type of colonialism that at least comes with benefits unlike the Western model
Re to😊
It’s such a shame US government is run by so many wrong headed ill hearted politicians.
If US politicians their hearts and heads are in the right place, the healthy competitions and collaboration between two big powers can create so much stability and prosperity, a god sent blessing to all mankind.
@@chrisgreene2623 Distortion of what colonialism is. Colonialism is parasitic, stripping the host of resources by force or manipulation. Trade and investment are voluntary yielding mutual benefits.
> Chinese last name... yup, sounds about right lol. Quite a narrative you've concocted there. Spectacularly wrong on all counts, of course, but quite imaginative all the same. China has depended far more on being in the United States' good graces in order to advance than the other way around. Bite the hand that feeds you, and... well, you'll learn what's comes next.
The US does not understand: the world can do without the US, the US cannot do without the world. BRICS
It does not matter if BRICS survives or not, people do not want with West countries.
Regrettably, the United States might be the first to face collapse. As an immigrant nation, it deals with social, racial, and religious challenges akin to those in Europe. The country also struggles with homelessness, drug abuse, and overwhelming national debt. Once vital, the manufacturing sector has diminished, resulting in lost competitiveness and declining sales. Successive governments have failed to address these issues, exacerbating the decline with nonsensical isolationist policies.
EU will take first place.. 😊
Why regrettably ?
you are right but it seems most of the world is right there with us! Thanks to covid and the globalist.
@@sakai101yahoo9
Europe is collapsing even faster, and with the same problems and the same intransigence and the same source of the problems : uncontrolled vulture capitalism (although many European countries are more socialist than the US, and so less dysfunctional).
It is collapsing faster because the US is intentionally de-industrialising Europe in order to move its industries to America as it looses the world market to China and the Global South.
@@leesarson2853 Exactly. Do most people in the world feel regret at the USA's collapse if it means less wars and misery?
I have traveled across China from east to west, north to south. Even in small towns in the far west or the north, there is a super modern bus/train station served by high speed train. The average Chinese urban resident who 30 years ago could barely afford a refrigerator, now travels to Paris and shops at Louis Vuitton.
Ther high speed rail is something to be Envious off
You are right
true！
@@GuzzarAwan
26,000 miles built in the time it took USA to build 350 miles (Plus 6,000 miles in Africa and more in Asia and South America)
They emphasize and funded development whereas US prioritized and funded destruction aka wars
The Chinese did in one generation what took several centuries to be achieved in Europe. Mr. Wolff neglects to mention that the Chinese did that without engaging in violence.
The collapse of either country is not something to be celebrated. Both countries are intensively connected to the rest of the world.
We cannot have the 'us vs them' mindset. China is not the enemy. It has repeatedly said that it wants to a friend and collaborate with any country (including the US) to grow together, to deal with poverty and other existential threats like climate change, AI and nuclear weapons.
No nation, including the US, would like to be encircled by 200 or more hostile military bases, have its coastlines patroled regularly, threatened with sea blockade of its trade routes in the seas off its coastlines by regular hostile navy exercises. Even more critical is seeing a part of its country being armed and encouraged to go independent. And then branded as aggressive, expansionist, and a threat to the world.
The US, and the world, is stronger with China as a friend rather than treating it as the enemy.
Collaboration between China and US is always good news for the world, but US closed the door and planned to isolate China. In fact, considering the economic influence of China over the world, especially in Asia and Africa, US is isolating itself
Dummy... China has done nothing but steal every companies internal trade secrets and spy on Democratic nations military capabilities... Words are cheap... Actions speak volumes
Good words!😊
🎯
well said.
The difference between the two countries, is China gets the best persons as their leaders, USA does the opposite.
The technical term for this is kakistocracy.
Exactly, they continually reshuffle the same criminal midwits into different positions of power, it's a massive failing.
It's meritocracy. China only appoints the best qualified people to the top based on experience and track record.
Because the “Democratic” system elects “politicians” which very term describes people whose profession is to get into power and to stay in power. They are generally not trained in anything else, be it economics or administration or education or healthcare, but they suddenly are running departments that deal with economics and health and education and governance, and more amazingly, they move from department to department without ANY knowledge or expertise in ANY of those departments.
In China, the people in government are not “politicians” but are experts in their field who have been promoted over several decades from townships to cities to provinces and finally to the central government based on their consistent success in achieving goals set by the government, be it economic growth, or poverty alleviation, or technological development : the very definition of a meritocracy. So it is NOT POSSIBLE in China to come up with a total idiot (an arrogant idiot) such as Liz Truss or a charlatan, business failure, and demagogue such as Donald Trump.
You think the murderous Xi is the _"best person"_ for leader of China? Seriously?
In a nutshell, do not mix business and nationalism together. The 🇺🇲, along with (🇪🇺 & 🇨🇦), had picked the latter and now faced the consequences. A big kudos to the OP making this video. Compared to a fews years back viewers can now hear a more balanced perspective.
Most third world countries have 100% tariffs on imported cars for decades The tariffs never improved their manufacturing capabilities. Is America becoming a third world country?
Answer… a second world country very quickly
Well usa have third world infrastructure, third world education, third world health care etc does this answer your is america a third world.
YES.
If the definition of a third world country is Corruption, Political dysfunction, Widespread poverty with a small strata of incredibly rich people and a staggering wealth disparity, and finally, Crumbling and inadequate infrastructure and social services/social contract.
It is not “second world” because “second world” was used to designate the Communist block, as opposed to “third world” which designated the poor, undeveloped countries of the “Global South”
@@standinginthegap7118
And it's a slippery slope.
.
There's a line in a song by the US band Little Feat.
.
"...Well it's high time
That you find
The same dudes that you must use on your way up
You might meet up (pause) on your way down...."
.
(Song title, surprisingly...
"on your way down")
.
imo, applies to both the uSA and a certain "prominent Political figure" (I'll leave you to guess who)
let me say, US (btw, US is not America arrogantly) is a 1st world country with a 3rd word preindustrial political system.
China in the early to mid 1800s was a large populated empire with around 400 million people and an economy around 25% of global gdp. Chinese silk, tea and porcelain were luxury goods that Europeans all wanted. European trade with China was pretty much a one way street, until the British managed to smuggle opium into China. If not for the devastating Taiping rebellion China would have been strong enough to resist Western invasions.
That makes Opium trade a planed genocide against chinese.
Also the Chinese Were Able to Match and Surpass America in Many Technological Areas,
In 40 Years China Advanced in Aeronautics Space, Aircraft design. 5G Microprocessor , Software engineer, Building , and Bridge Infrastructure Construction,
It Took the United States 150 to do this Through the Industrial Revolution.
Back in those days. China stuff was incredible luxurious and praised.
Got to have those Christians in check. The rebellious leader was a self-claimed Jesus.
The Taiping rebellion was brutal
I recently started openly indentifying as communist.
It has been an enlighting experience to hear from Dr. Wolf and other expert people that are not scared of marxism. Marx dialectical analysis of Capitalism plus what Lenin and Mao brought to the theory with practice is fundamental for all socialists. But for development, Deng economic decisions plus Xi vision for the future of China, should be studied as a qualitative jump to the soviet socialist experiment. China is the most advanced form of socialism humans were able to materially achieve. Its an update on Socialist theory and its just the beginning. The world need be taking notes.
I thing I noticed as I grow older, communist is truly for the average citizen, western democracy is for the rich and corporations. The fact that communist part in china lifted millions out of poverty, building roads, bridges and infrastructure to improve people’s lives. Compared to us, wars, weapons are the topics daily
My big thanks to Prof Wolff who opened my eyesight.
Excellent insight indeed.
A man with wisdom. China and the U.S. should seek equilibrium, not animosity. Together, they can build a better world for all. Americans should seek to understand China more deeply, beyond propaganda.
Wrong as usual, China and US should seek equilibrium?
China did, US refused instead choosing to hobble everything that China does.
China does not seek to dominate China seeks independence from U$ sanctions.
U$ on the other hand has openly declared its intention to destroy China.
heleny Unfortunately the US wants to rule the world, it has a toxic self belief as bad as the '1000 year reich'.
Extreme capitalism in the US, has lowered its standard of living, people are too frightened to phone an ambulance (because everything is done for profit instead of service).
It is a fundamental mistake to allow the free market to have control of monopolies, that are essentials to life, such as gas, electric, water and medicine, that people have to buy, what ever the cost in order to live.
China has much better understanding of capitalism and communism. The most successful countries were always the Scandinavian people with co-ops etc, lack of regulation in the US, allows drug companies to charge 1000 times the real cost of development and distribution, it is at the minimum morally criminal.
forget it. two tigers are not acceptable in a mountain
@@fannyalbi9040 Unless they are male and female.
In my opinion
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Wolff is correct, China concentrate its energy in the past 40 odd years to develop its economy to what it is today! The Chinese leadership cares for the general population, not trying to produce just a few billionaires! The nation as whole matters!!!
This has nothing to do with China but on the part of US led West only. China can be substituted with another country and would have the same outcome. It is simply the outcome that an imperialist empire and its mafia gangs are going all their way to crash any possible rise of nations or a nation, in this case China, that have been successful with having alternatives to all form of its national developments (from economic, military, science, technologies etc.) without subservient to the imperialist system that has been imposed upon to the world. This main video should be focused on talking about why should US led West still being an imperialist empire and why it is constantly forcing every country to be subservient to it instead of being a responsible country and contribute to peace and human prosperity for all (and not the usual benevolence doublespeak bs). Anyone thinks otherwise are being so brainwash and indoctrinated about the core problem. Instead of trying to condemn the thieves, you are focusing on the victims.
💯💯💯agree. Excellent summary.
Try substituting China with India!
I largely agree, although I would also be weary of the PRC doing imperialism themselves, as they have made it apparent they desire to. The US isn't handling that from the right direction though and never will be so long as it's goal is preserving it's own imperial ambitions in Asia rather than the independence of the people living there.
@@bread1958 Who tell you that: "They have made it apparent they desire to," BBC?
@@YCHTT Uh no, China did, regarding Taiwan and India.
From my observation and historical market pattern, there might be a bit of turbulence in the market coming up, but here's the deal: Trying to guess what's going to happen next is less important than spreading your bets when trading and thinking long term. It's not about guessing the market's next move. it's about playing it smart and steady...managed to grow a nest egg of around 180k to a decent 832k in the space of a few months...
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience…
truly appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a financial advisor... mind sharing info of this professional guiding you please?
Access to good information is what we investors needs to progress financially and generally in life. this is a good one and I appreciate.I will schudle a call with her Thanks
For five thousand years, China has been on the table, and the US is just a new player. Hope he can hold on a little longer.
Brilliant Show! Professor Wolff,Professor Sachs,and Professor Hudson are simply the best!
💯 Agree
Also watch Ben Norton from geopolitical economy report regularly
Richard Wolff is amazing. At age 82, he is so articulate with a clear mind. He is the kind of people to be our leader.
Hes actually wrong on many points or Alteast mis informed
“What can carry you forward also can drag you down”-Chinese old saying is “Water can made a boat float also can made a boat sink…水能载舟 亦能覆舟”.
我觉得另一个说法可能是：资源诅咒，或者是制度惯性； 当美国人民仍然沉浸在二战后那段黄金时代的余晖之中，事实上时代已经在变了；
There is an old Serbian saying more applicable to the US, "Fire can be a great servant, but a very bad master"
@@VodeniZeka My own saying, "Booze can be a great servant, but a very bad master."
Yes. Newton's Third Law of Motion: states that for every action there is an equal and opposite reaction.
6:41 so, if we the citizens have to pay the tariffs, how does this hurt the Chinese. They are still getting their money
That’s exactly why tariffs are dumb. Most people don’t know this, and when America says it will have tariffs, they really are only screwing its citizens. But this is what the government does. With the unlimited money they had ‘owning’ the IMF, UN, WTO, Worlds reserve currency and having had the Petrodollar, we somehow still have homeless crisis, drug crisis, border issues, decreasing middle class, deteriorating infrastructure, and low performing education system. Very evil once you realize what it actually is.
Alternatively...
China just sells the cars to BRICS countries and takes those markets away from USA? How can there be a complaint about that?
It’s a way of deterring people from buying Chinese cars if they make it too expensive and it’s a Chinese brand. It’s a foot on the throat of Chinese car brands to prevent them from taking hold and being successful in the West. The sad thing is this doesn’t encourage western car brands to improve on their products. In many cases Chinese cars are cheaper and are better products with better features and technology.
Government tariffs are like Mafia protective money...and inflation is another Tax imposed on society...
We are the suckers. And the fat rich corporations are getting fatter at our expense. And the Chinese cars are still cheaper than our cars.
Honestly, this situation makes me feel uneasy, particularly with the Fed's decision to cut interest rates by 50 bps. It indicates deeper economic concerns, and I'm uncertain about my $130K investment strategy, especially with the possibility of not just a recession but potentially a depression.
Just get a financial planner straight up! personally, I would invest in etf and also love investing in individual stocks. yes it’s riskier but I'm comfortable in my financial environment.
I agree. Exactly why I now work with one. A lot of folks downplay the role of advisors until being burnt by their emotions, no offense. I remember some years back, during the covid-outbreak, I needed a good boost to stay afloat, hence researched for advisors and thankfully came across one with grit. As of today, my cash reserve has yielded from $350k to nearly $1m
How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings
Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
I just googled her and I'm really impressed with her credentials; I reached out to her since l need all the assistance l can get. I just scheduled a caII.
One of the biggest factors not discussed to a larger degree is the cultural factor. Individuality is treasured in the US ( although fading fast) , in China, it’s the greater community. Because of that, there is a greater national unity in China to get things done.
No, I'am sorry but I desagree. Europe, especially Germany, is not watching the decline of US with "Schadenfreude" but are willingly sinking with it. The EU decided also to put tariffs on Chinese E-vehicles and so following US policy knowing this is against their interrests.
Richard Wolff is not educated what is going on in Europe
I follow this professor wherever he appears. The politicians can learn from his perspectives.
Politicians know everything. They are just don't have the guts to tell the truth.
@@apollo2061 I beg to defer... Looking at the US congress, the level of intellect that the politicians are potraying are surprisingly low
Because he is Marxism economist, quite different thinking
Jay, I don't know if you will read this but I have to say, this is the very best interview you have ever given! And you give good interviews. You ask great questions and allow your guest to answer in detail. Well done!
It is not about socialist capitalist. You can put any system. If the people are incompetence, lazy and greedy, it ain't going to work. The Chinese are unique people, humble and made a decision to learn and work hard. Their achievements are sheer hard work, enterprising and and sacrifice of the people. Not everyone can achieve this meteoric rise like the Chinese, not even the USA.
🎯
It's hard to comprehend that a Yale PhD didn't know what China and Japan was doing when elementary school children in Trinidad and the Caribbean knew that they were becoming invincible via electronics and cheap goods 😭😭😭😭😭😭😭😭
To all the hawkish Americans, do you think we can survive nuclear armageddon? Because Chinese and Russians are ok with going that far if it goes that way. We're an individualist society and it's gonna look like Walking Dead over here, but the collectivist societies will know how to rebuild because they've gone through the exercise of total destruction multiple times already. Wish we could just get along with everyone and be a great nation among nations instead of pursuing the "we own you so obey" policy.
I don't know about Russians. Chinese are not ok with nuclear war!! Unlike Americans, Chinese are generally peace lovers . Americans have pushed so many wars in the last century. It is the only country that used nuclear weapons in another country. So your assumption is wrong.
@IEtoileFilanteI China isn't opening it's economy to the world. This is a misrepresentation of the communist closed investment. Look at China's real estate market.
I will go further to that. To all American, as a former war victom veteran CAUSED BY THE US IN VIETNAM in 1970 - I've been a Canadian since late 1979 - you have never experienced any form of true hardship. If you keep instigating, FOR THE FIRST TIME IN THE US's HISTORY, YOU WILL RECIEVE YOUR FIRST TO GOD KNOWS HOW MANY MISSILES LANDING ON EVERY MAJOR CITY AND IMPORTANT STRATEGIC POINTS.
my comment was apparently reported so it was removed. again i will state: china's economy isn't open, it's closed.
Utter nonsense
We can’t compete with the Chinese.
No one wants to compete with slave labor.
More like we won't. Too lazy.
you sound like a canadian
Yes, you can compete. But the problem is that your government does not allow you to compete fairly. Your government uses sanctions to stop you to take up challenges and grow.
@@dazedhavoc good luck competing with slave labor 🙈🤣
My little observation that the USA might indeed be on the decline is my experience in Fairfield, New Jersey. In the 1980s and early 90s, this city was booming with factories all over the place. The vast majority of the people I knew worked in one of those factories. 30years later when I stopped by to visit the area in 2018, every one of those factories had collapsed. There were nothing but empty buildings there. I was shocked and awed by the sight. Nothing last forever, folks.
I studied under Wolff and am following his work 20 years later. A great American mind.
Wish I had. Wolff is a truly great American and a superb teacher.
Richard Wolff is a exelent economist and very intelligent.
lol
Hes actually wrong on many points or Alteast mis informed
@@sulinash3554 Show me where he is wrong
Speech with wisdom, I enjoy so much
In a nutshell, China is a socialist market economy, it's a mixed economy. The governmental structure facilitates centralized national planning and administration is decentralized at lower levels. Policy consultation comes through democratic processes at grass-roots level, bottom-up. China isn't anti-capitalists but capitalism is on a leash as the state doesn't allow capitalism to dictate the direction of the country. What you might find interesting the west learned a lot from the Chinese for centuries until the industrial revolution that spurred the west ahead, today the western companies that go to China are finding it difficult to compete with local companies, China has developed in many areas beyond what western companies can offer.
Capitalism requires consumption.
Is (Over) Consumption sustainable?
Are we seeing that end game now?
China's biggest advantantage is that they get their leaders through merit, they start at the bottom and work their way up which will take 30 years or so. Americans get their leaders through beauty pageants ( who has the most charisma and the biggest backers).
Eventually China will become more Capitalist . Each Chinese will have more democratic rights at last. A discipline Chinese will allow China to transform into modernisation.
@@wisdomtan490wolfowitz doctrine, 1994.
This is not going to stop.
Good points
Whenever Richard is having these wonderful, insightful interviews, I just wonder how many people INSIDE the US (or Canada) are following his discussions. Here in the South and East (and probably in certain parts of Europe), people are listening and appreciating his comments and views. Bottomline is the fact that the Western 'leadership' has become violently pathetic for that matter. What should have been a high level US national debate, has become a giant comedy show for the rest of the planet, with an associated sense of fear and hopelessness for the future.
To help answer your question, Prof Wolff was a classmate at Yale (or Harvard) of treasury secretary, Janet Yellen. Yellen is currently helping to drive the US economy off a cliff. She should have listened more to Professor Wolf and to another great, like-minded economist, Michael Hudson.
i will make it simple. China can live without loan. US cannot. US is at a point where it is impossible to stop borrowing money. either the government, or the citizens. i was quite shock when i found out that most american mortgaged their asset for living. american debt will keep rising until they can't pay the debt we will see great depression
US can print dollar.
@@AviyanLimbu-y5eand buying its own dollar, US can keep its own inflation. De dollarisation will win
U do realize that China has 5x more debt then America right but instead of it being public it’s in their state owned companies look it up
@@AviyanLimbu-y5e It just increases the debt making the crash more severe.
Great guest (Janet yellen’s classmste!😮), and excellent content. In this chaotic world with great geopolitical tension, to NOT become the victim of fake news and propaganda, even from our long-trusted mainstream media unfortunately, it is ever more important to listen to guests like professor Wolff, who can give us the framework, context, and historical background to understand for ourselves what is really going on in the world. Thanks Jay!👍👋. (And please invite him back and more guests like him, professor Jeffery Sacks from Columbia University and Yanis Varoufakis, the ex- Greek finance minister, who recently just published a book ‘Techno Feudalism’, are two I can think of who are immensely knowledgeable and experienced.)
Just think Richard Wolff is a socialist- yet he lives under capitalism by choice. What a coward
Janet Yellen is addicted to magic mushrooms 😁🍄🍄🎉
Janet Yellen made my most evil financial people to ever exist list... twice. Once for being FED chair and once for being the Treasury Secretary.
The professor lays it out and makes it look so easy but the chinese have the system and the discipline to make their plans happen and I admire that so much I have to go to China to see it with my own eyes.
Just watch RUclipsrs who visited China... cheaper than going yourself 😂
@@stevenpreston5619 I want the experience and feel the vibe
@@theo7326 and test the food
Now we have 144 hr transit visit to 36 Chinese cities visa free. You can city-hopping btw mainland cities and Taipei/Hong Kong/macao so you can visit multiple mainland cities for weeks without need a Visa.
American should get a passport and go….including visiting XinJiang.
No one, absolutely no one, is able to capture a spectator or student attention like prof. Richard Wolff does. He leads you through the paths and twists of history and economics to a point where you lose completely any perception of the surrounding environment, as much as you do watching a compelling movie or reading an adventure book. Educational at the highest level, while being uncannily (given the subject matter) entertaining.
If fifty percent of teachers (from elementary school to college) owned fifty percent of prof. Wolff rhetoric skills and teaching mastery, the whole world would be a far better place. For one the rate of graduates students would skyrocket.
I see China wasn't trying to compete but keep developing and manufacturing to strive better and better. The west esp. US see it as a competion because China's economies is getting stronger and stronger. Chinese government (Communist) is much more efficient than democratic system as they gets things done almost immediately than going on debating forever in the end things don't get done at all becos of too much opposition. The west is just tasting the grape sour and jealous over others success thats all. Prof. Wolf says it all. Any country will try its best way to produce the cheapest. Everyone see these but the west & US just could not accept it....a sorrow pill to swallow. Instead of working together to improve, trying to kill others (by sanctioning) is going for a sucidal feat. In the end the BRICS+ countries is going to be rich countries.
Hooray for my name sake professor Richard Wolff
Far as I know he has not said one word wrong about America or China.
Urrah, urrah, urrah!!!
I am a Chinese. I always believe that whether it is politics, technology or culture, all of these should serve people. In a saying that Chinese people like, it is called "people-oriented". China may not be perfect, but the Chinese government has indeed served the people. All policies are designed to make its people live better. In contrast, does the US government really put the American people first?
Thank you Jay and Richard. I learn so much from Richard wolff. Glad I found this channel.
Professor Wolff is basing his analysis on stark naked *_facts_* - couple _that_ to his formidable knowledge and understanding of past history, you end up with someone _critically important_ to listen to! . . .
Profound respect & genuine admiration goes out here, from the corrupt, quisling *US* vassal state of Norway! 🙏
Hes actually wrong on many points or Alteast mis informed
@@sulinash3554 *Please elaborate! . . .*
China definitely WON’T lose! With the BRICS Alliance and the BRI Partnerships who in the hell needs the Western Collective, specifically the United States!
The economic crisis and down-turn are all the signs of 2008 market crash 2.0, so my question is do I still save in the US dollar or is it okay to move all emergency and savings to precious metals??
Gold is often seen as a safe-haven asset that can protect against inflation and economic uncertainty. But like any investment, it carries risks. To determine if gold is the right investment option for you, an investment advisor can help you weigh the potential benefits and risks of investing in gold. They can also help you create a well-diversified portfolio that includes gold as part of a broader investment strategy. An investment advisor can help you decide how much of your portfolio should be allocated to gold and select other investments that can complement your gold holdings.
Investing in gold is a reliable choice, and I plan to keep buying more to make up for my losses. While silver is also a good investment, my collectibles are not as similar. It's important to have clear investment goals and educate yourself on the type of investment that interests you. I work with a financial consultant regulated by the SEC, and started small, but eventually accumulated over $800,000.
I will like to ask, How did you achieve it? I been trying to stick with index funds. I feel this new interest rates hikes could crash this economy. I'm looking out for a better investing strategy, I have a lump sum that inflation is steady eating up.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Marisa Michelle Litwinsky’’ for about two years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
I appreciate this. After curiously 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.
It’s unfortunate US government administration doesn’t use good sensible economists like Prof Wolff or Prof Jeffrey Sachs as their economic advisors.
I don't agree with Communist regime, but Chinese I met are all great people, they earned my respect.
The differ from USSR and China PRC. is:
China PRC "communist" is just a name only since 1976 when Deng Xiaoping lead China PRC.
Deng Xiaoping famously said "It doesn't matter whether a cat is black or white, as long as it catches mice."
Deng Xiaoping said "To Get Rich is Glorious"
Ideals are ideals, PRC, PC, Qing, Ming, Yuan…all different regimes. They come and go, China (Middle earth) is still middle earth.
I don’t agree with the capitalist regime, but the Americans I meet are mostly great people that earn my respect .
@@Papawcanner Americans are too propagandized courtesy of the government they vote in.
God of Wealth vs Satan of Debts-Deaths.
159 countries support God of Wealth
China lost 6.5 trillion in the stock market 🤣
US debts 34T going to 35-36T
@@TacticalMayothat's the beauty of capitalism that Chinese embraced. In USA there are no more huge bankruptcy everything is saved by the government (tax the people)
Those thinking of God as God of wealth, sadly their god is Satan and all of them are free masons!
@@Facts..Checker
People who loves wars don't like money 🇺🇸
People who loves money don't like wars 🇨🇳
China raised on US technology just as the US raised on the WW2 German technology...paterns...
So, Germany...is where everything started. :)
One could explain what Chinese did "Central planning works, but without micromanaging it"
Given the persisting global economic crisis, it's essential for individuals to focus on diversifying their income streams independent of governmental reliance. This involves exploring options such as stocks, gold, silver, and digital currencies. Despite the adversity in the economy, now is an opportune moment to contemplate these investment avenues.
The pathway to substantial returns doesn't solely rely on assets 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.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.
I definitely share your sentiment about these firms. Finding financial advisors like Jane Nina Pickett 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 found her outstanding and excellent resume when I made a research of her full names online. I count it a gift that I went over this remark.
Awesome show… Great guest Jay!!!
Pro. Wolf and Pro. Jeffrey Sachs are both very very intelligent.
& Pro. Michael Hudson ‼️
Yes, for sure… Pro. Michael Hudson too!!!
@@joethao2161 so sick seeing people mention Michael Hudson. Love all three, but I always learn the most with Prof Hudson on history and economics.
The U.S. economy can actually get better if only the govt can start making better decisions for the sake of it's citizens, cos' they've really made life more difficult for its residents.inflation has left the less haves bearing the brunt of the burden. Its already eating into my retirement portfolio. Like where else can we invest our money with less risks?
Navigating market volatility can be challenging, it might be beneficial consulting with an advisor to provide personalized insights based on your specific situation and financial position
No doubt, getting proper financial advice is invaluable, my portfolio is well-matched for every season of the market and just yielded a much better % from early last year. I and my advisor are working on a 7 figure ballpark goal, though this could take another year.
How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings
I've experimented with a few over the past years, but I've stuck with the popularly ‘’Jessica Lee Horst” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip
what a pleasure to hear people with sane mind.
Today, the USA; yesterday, the UK; and tomorrow, China. The centers of innovation are always in flux-nothing remains static or fossilized. The U.S. needs to accept this and learn from the mistakes the UK made that led to the demise of its empire. There's nothing to be done but to go with the flow and accept that the ball has been dropped, and someone else has picked it up. The rush for riches at the expense of others is nothing new-empires have risen and inevitably fallen based on that capitalist model. We need to change the way we approach capitalism.
US plain Fallout on 2025-28
昨天之前也是中国。
The US of course. Our politicians are stupid.😢
Awesome content and guest
When the PRC first decided to change its economic approach, it was poor and didn't know how the Western System worked. China opened Special Economic Zones to test its plans while China prepared. The US sent some of its best businessmen to acquire benefits. But the Chinese sent its best business minded people to negotiate, and the Americans left empty handed or with ( to the Chinese view) a fair deal. Then the Chinese studied the HK, Singapore, Korean, Japanese approach and adopted this. This policy got China to where it is now. Where from here? BRICS. The World is sick and tired of the US and Western Imperialism. China's approach is benefitting Africa and the rest of the World. Later, the US and Europe will be contained and isolated. Europe will turn against the US as China did to the Soviet Union. Then, the US will implode like the Soviet Union from its own toxicity.
In fact, the United States did not return empty-handed. American companies made profits in China that they had never made anywhere else.
So smart of you to have Richard Wolff on , he’s absolutely the best, I follow him often 🇨🇦
Now go listen to Thomas sowell for everything Richard is too cowardly to admit.
dC politicians are inhuman these days. The decisions made in that city of dC are causing nothing but grief for average American and the world. Term limits needed for all political employees.
@@lorascelsi8102 not just term limits, but a whole revamp. The government is so intertwined with various conglomerates that many follow the same way of thinking. From the military, to Wall Street, to both parties, to celebrities, to European, Canadian, Filipino, Japanese and South Korean leaders. Like George Carlin said, it’s a BIG club and WE ain’t in it. The same way you will look out for your neighbor, so will these folks when times get hard. These folks got millions of lives on their hands and they’re fine so long as they don’t go to jail, they keep enjoying their rich fancy parties and elite lifestyle. This is why I want the baton to pass. We are too corrupt and we’re so good at marketing that we did an amazing job covering it before thhe internet came out lol.
@@gregoryedwards9097 watch the new rap song g N cDd. Joe by Mai K and Lowkey
@@gregoryedwards9097 Sand Creek Colorado never forget
He is telling the truth
You ask: "Who will collapse first?" What kind of question is this, when China is clearly in a steep ascent and the United States is just as clearly in a steep descent?
Why one of the two has to collapse? Can people co-exist?
No there can only be number one and if you try to take it from the United States no one will be number one
USA only wants to be a winner takes all .
US want the infinite power to print dollars although this game can not sustain.
@@TacticalMayo To maintain the power to print money as long as possible, although it is a game not that sustainable.
Sorry, U.S gov. never believe in fair trade or not being able to control the world 😢
Both China and the US are great countries, blessed with brilliant leaders and kind people, the US should be more confident to itself instead of constantly pushing the world into self-destruction.
Yes, US was very good with technology last 80 years. However, China has thousands of things firstly produced, found in China.
What I am trying to say is US has done great job with history like never exists before it.
China was always a big country and always strong even if it was technically behind.
Fair comment👍🏻
WHAT A BEAUTIFUL INTELLECTUAL AND CONSTRUCTIVE CONVERSATIONS VIDEO. CAN'T GET ENOUGH OF PROFESSOR WOLFS ANALYSIS AND ANEKDOTEN. BRILLIANT 👍👏👏👏💚❤️🥰
Professor Wolff never disappoints. Thank you for a great interview.
china survive more than 5000 yrs. china is one of the oldest civilization in the world.
It is the only surviving old civilization in the world.
Slavs has survived 7532 years,and have calendar since 5508BC.
This is not really accurate. You could take many races and say the same thing. China, like all other countries, has not had a continuous government during those thousands of years. Dynasties rise and fall. They get wealthy and corrupt, then they get overthrown. All human history is like that.
@@rap3208yes poele lived there for 5000 years but as for civilizations the Mesopotamië civilisation was 500 years older then the first Chinese one
@@sulinash3554 And where are they? DEAD!!!
The chinese are still here, what's yourr point?
1421, The Year China Discovered America by Gavin Menzies. Wonderful book, good illustrations and photos.
Thanks for the heads-up! 🙏
As the two most powerful countries in the world, why can't they cooperate and develop together instead of competing for the first place in the world?
I came across your channel through this video-
case studies are incredibly valuable, and I'm eager
to see more in the future! Building wealth involves
establishing routines, like consistently setting aside
funds at regular intervals for smart investments.
You're correct. I think the smartest way to go is
to spread out your investments. By putting
your money into different asset classes like
bonds, real estate, and stocks from other
countries, you can lower the risk if one part of
the market goes bad.
That sounds like a good plan. In the past two
years, working closely with a financial market
specialist, I've builta six-figure diversified
stock portfolio. Now, I aim to diversify even
more this year.
Talking about a financial market specialist, do
you consider anyone worthy of
recommendations? I have about 10Ok to test
the waters now that large cap stocks are at a
discount
Wow. I'm a bit perplexed seeing her been mentioned
here also Didn't know she has been good to so many
people too this is wonderful, I'm in my fifth trade with
her and it has been super.
A good friend of mine also deals with Martha
Ann Hammerton in
Canada 🇨🇦. she is a good woman! Her good
works
already speak for her
The Chinese economy is much larger than the S. Korean economy. China has a larger poverty base to start with.
Singapore has the same political and economic system as China. China actually copied the Singapore model of the early 1970's. China is just a giant Singapore. Both nations have one party rule.
One of your most insightful and erudite episodes so far, Jay. Thank you
Brilliant 🚹thanks for having this extremely brilliant 🚹on your programme!
Professor Wolff is,without doubt,a very Brilliant professor of economics,& it is wonderful to hear his analysis!!!
Thanks!
Most Sincerely Michael Foley 🤔
Great discussion. Thanks.
I love Richard Wolff so much! He's taught me so much ❤
The model of successful development provided by the West is NO longer attractive, in fact deceitful itself, to the global south, so did the so claimed the western value such as ruled-based order, human right, democracy, freedom of speech, … etc for one reason and one reason only which is the West failed to dress themselves up as a role model to learn from. Beyond the West had already lost its status as shining light of the hill or paradigm, the sad part of the story is the West is still preaching others how to run their states that is something global south countries would NOT pay a serious look at all.
I am in agreement with you in this.
@@ml-mw7ms Great minds think alike.
Judging by this show.
The people of United States are actually very observant and reflective people.
From the perspective of a country, being good at observing and learning always has a better future than being fond of subjugating others by force.
But the inertia of the United States bus is too great, and there is almost no force to pull it. It's already on the verge of spiraling out of control.
The wars that are taking place and being going on in the world have always warned the Chinese: We must unite and struggle.
It is foreseeable how much the world will change in the near future!
个人不代表全体！
America should try to profit from China’s strengths instead of trying to restrict or compete. Why not setup partnerships with China instead, like open dealerships all across USA to sell cheaper electric vehicles to the American people. Make it a win win situation for everybody.
In the mid 90s I went to a seminar in San Diego got an invitation to listen to Arthur Laffer I got down there I dress pretty casual. Everybody in the audience was in a suit so I sat in the back so I wouldn’t get arrested everything he said about China and the Konomi actually happened and it’s happening right now it’s a China can destroy Ford motor company, GM Chrysler Honda Toyota and this is why I won’t go into what he said but everything he said that day has come true thanks, Rick
Pro.Wolff is so brilliant. Total respect ❤