China’s Catastrophic Economic Crisis - Is The Bubble About To Burst?
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- Опубликовано: 3 сен 2023
- In this episode, Patrick Bet-David explains how China is facing a massive economic crisis due to its over-leveraged real estate market and youth unemployment problem.
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In every crisis, there is an opportunity," as the saying goes. The 2024 recession, while challenging, presents unique avenues to amass wealth. First, it's essential to remember Warren Buffet's advice: "Be fearful when others are greedy, and greedy when others are fearful." During recessions, assets often undervalue. By investing wisely in stocks, real estate, or businesses during this downturn, you position yourself for significant returns during the economic recovery.
An obvious way to invest for a recession is to buy shares in businesses that are likely to experience steady demand even in a downturn. Typically, those are consumers staple, utilities and healthcare companies. But of course, such decisions can’t be made by an average joe, a financial advisor is highly recommended in making this decisions..
Since the outbreak of 2020, which had a significant impact on the market, I've been running all of my investment decisions through an investment coach because their entire philosophy is centered around using a high-profit oriented blueprint while simultaneously going long and short, as well as reducing risk exposure as a hedge against inevitable downtrends. Underperforming is almost impossible when combined with their access to strange data and analysis.
Please who’s this Financial advisor that guides you?
Natalie Marie Tuttle is my Advis0r. She has since provided entry and exit points on the securities I concentrate on. If you want to check her out, you may do so online. I usually trade in accordance with her strategy.
Thanks, I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a call.
Probably inevitable, but could have been delayed if they hadn't decided to take 3 years off from the workforce and spending massive amounts of money keeping people locked down. Accelerated economic suicide is what we're witnessing.
Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
Things are strange right now. The US dollar is becoming less valuable because of inflation, and other powerful nations waking up to trade in their own currencies. Good thing is, a lot of people still turn to the Dollar because of the safety is somehow assures. I'm worried about my retirement savings of about $420,000 losing value because of these factors and more. Where else can we keep our money?
Well, I suggest you make a diversification plan because it's been harder to build a good portfolio that stays afloat since COVID. Personally, I garner knowledge from a brokerage Adviser whom I work with, and I've actually made over $350K with their help since February. Very effective defensive strategies are used to protect my portfolio and make profits despite the ups and downs.
@@PhilipDunk I find this intriguing. Could you please provide me with the means to get in touch with your Adviser? I am concerned about my dwindling portfolio.
I've shuffled through a few advisors in the past, but settled with “Vivian Carol Gioia” her service is exemplary. I'd suggest you research her further on your browser, sure you'll find her basic info.
Some economists have projected that both the U.S. and parts of Europe could slip into a recession for a portion of 2023. A global recession, defined as a contraction in annual global per capita income, is more rare because China and emerging markets often grow faster than more developed economies. Essentially the world economy is considered to be in recession if economic growth falls behind population growth.
My main concern now is how can we generate more revenue during quantitative times? I can't afford to see my savings crumble to dust.
It's a delicate season now, so you can do little or nothing on your own. Hence I’ll suggest you get yourself a financial expert that can provide you with valuable financial information and assistance
Very true! I've been able to scale from $50K to $189k in this red season because my Financial Advisor figured out Defensive strategies which help portfolios be less vulnerable to market downturns
How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings?
When ‘Carol Vivian Constable’ is trading, there's no nonsense and no excuses. She wins the trade and you win. Take the loss, I promise she'll take one with you.
The current market/economy is unnecessarily tougher for boomers/senior citizens, I’m used to just buying and holding assets which doesn’t seem applicable to the current rollercoaster market plus inflation is catching up with my portfolio. I’m really worried about survival after retirement.
Yes, gold is a great investment and a good bet against the devaluating dollar, been holding some for awhile now, I’m grateful my adviser’s moment by moment changes in the market are lightening quick, cos who know how much losses I would’ve had by now.
It would be a very innovative suggestion to look out for Financial Advisors like ‘Margaret Johnson Arndt’ who can help shape up your portfolio. Trying times are ahead, and good personal financial management will be very important to weather the storm.
I’m delighted to engage in this opportunity, I just found the professional’s web page and have already written her.
In the midst of the ongoing economic turmoil, a substantial segment of the American populace faces hurdles in achieving a satisfactory retirement. For numerous individuals, their retirement funds lack the essential sum needed. In this scenario, a critical query emerges: should I consider withdrawing funds from my 401k to acquire real estate, or should I opt for diversifying my investment portfolio into stocks to secure a consistent cash flow? Ultimately, my objective revolves around sustaining a post-retirement lifestyle that harmonizes with my preferences and necessities.
Over an extended period, bonds and other fixed-income instruments have been relied upon to generate the necessary yield, ensuring a stable income stream for retirement necessities. The significance of ensuring financial security might be the driving force behind why individuals from the boomer generation are increasingly seeking guidance from advisors when planning for retirement.
Many individuals tend to underestimate the significance of advisors, only realizing their importance after being adversely affected by their own emotional decisions. Seeking a robust retirement plan strategy, I sought the expertise of a genuine market strategist. This engagement resulted in revitalizing my $700k portfolio, leading to an impressive enhancement in performance and returns, achieving a remarkable 40% increase in just over four years.
A wealth of valuable insights has been shared in this forum. I find myself at a critical juncture concerning my portfolio, aspiring for its growth as I approach retirement. How can I establish contact with this esteemed professional for guidance?
'Stacie Lynn Winson' is the one who deserves credit as one of the finest portfolio managers in the industry. Her reputation precedes her, and I highly recommend exploring her work and locating her online if you are internet-savvy
Excellent share, just inputted her full name on my computer and searched online to find her webpage, top-notch credentials. I've seen commentaries about advisers, but not one looks this phenomenal.
I'm more concerned about the storm clouds forming here at home. We've been whistling past the graveyard, but not for much longer. We have 6 trillion dollars in commercial real estate debt, and the defaults are rolling in. When the "Everything Bubble" pops, it's going to be a long way down.
If China's economic crisis triggers a market crash or a financial crisis, it could send shockwaves through the stock markets worldwide. I’m worried about my investment of over *$600K* stocks. Is this a time to consider diversifying my portfolios?
If it takes a hit, it might lead to reduced consumer spending and overall economic instability. I advice you consult with a professional about your investment portfolio.
Instead of panic or following a hearsay, I simply adopted the service of an advisor early 2020 amid covid-outbreak, and so far, I've attained my most measurable financial milestone of *$650k* after subsequent investments of *$80K*
That's quite incredible! My p0rtfolio has been performing poorly and it's down 25%, therefore I could really use their advice. Who is the advisor? how can i contact them
Credits to *Sharon Louise Count* one of the best portfolio manager;s out there. she;s well known, you should check her out
I Found her webpage by looking up her name online. She seems very proficient, I scheduled a call.
As a foreigner who lived through the entire duration of zero covid for the past 3 years in China, this is by far the most objective commentary I’ve seen on RUclips to date. Economists and business leaders are voicing concerns at the start of 2023 that the year could be a difficult one. JPMorgan Chase & Co. Chief Executive Jamie Dimon said Tuesday that the Federal Reserve may need to raise interest rates to 6% to fight inflation, higher than the peak level between 5% and 5.5% in 2023 that most Fed officials penciled in after their December meeting. Although I read an article of people that grossed profits up to $500k during this crash, what are the best stocks to buy now or put on a watchlist
Emotionally-charged decisions to sell off large quantities of stocks or other investments now lock in your losses, removing any chance for future growth.
A 2020 Northwestern Mutual study found that 71% of U.S. adults admit their financial planning needs improvement. However, only 29% of Americans work with a financial advisor.
Very true, a huge part of my portfolio growth has come during this bear market. I've been able to scale from $180K to $572K in a short period of time. I basically was just following the steps and guideline from my financial advisor. as long as you've professional help, you're good to go
@@jeffery_Automotive Mind if I ask you to recommend this particular coach you using their service? Seems you've figured it all out.
Finding financial advisors like Julie Anne Hoover 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.
With property Taxes in America we don't actually own land either. Government does.
At least in China the people know that the government owns all the land and here in America we are under the assumption that we own the land but we really don't they can take it from you if they want 😂😂
i've been searching for this comment... we don't own homes in canada... the government does.. anyone say we do, try miss a couple property tax payments, see if the house is still yours.
Property tax is paid to local a municipality which keeps our towns clean and running. Big cities have failed in this. Federal income tax should be abolished with the exception of FICA, Medicare,SS.
@@mrboatshoe imminent domain!
exactly.
if you miss any of those payments, big brother Government is going to come and take the land from you.
The fin-Market has underperformed the U.S. economy as fear of inflation hammers the prices of stock;s and bonds. My portfoliio of $750k is down to $562k any recommendation;s to scale up my return;s during this crash will be highly appreciated.
Yes, you are right. it's been a brisk tailwind for lnvestors in US stocks over the decades but it is still a delicate season now, so I advise you to consider the guidance of a financiaI advisor.
Having an lnvestment advser is the best way to go about the market right now, especially for near-retirees, I've been in touch with a coach for a year now mostly because I lack the depth knowledge and mental fortitude to deal with these recurring market conditions, I nettd over $520K in profits so far, Its clear there's more to the market that we avg joes don't know that Investment advisors know.
Please can you leave the info of your lnvestment advsor here? I’m in dire need for one
My Financial Advisor is "Heather Lee Larioni". I found her on a Kiyosaki interview where she was featured and reached out to her afterwards. She has since provided entry and exit points on the securities I focus on. You can run a quick online research with her name if you care for supervision. I basically follow her market moves and haven’t regretted doing so.
She appears to be a true authority in her profession. I looked her up online and found her website, which I browsed and went through to learn more about her credentials, academic background, and career. She owes me a fiduciary duty to act in my best interests. I set up an appointment to use her services.
Right now, things seem odd. The US dollar is losing value due to inflation, but it is strengthening in comparison to other currencies and commodities like gold and real estate. Because they believe it to be safer, people are going to the dollar. I'm concerned that the rising inflation may lead my $420K in retirement funds to lose value. Where else could we put our cash?
Personally, I would say have a mentor. Not sure where you will get an experienced one, but if your knowledge of the market is limited, it seems like a good bet.
Please who’s this advisor that guides you?
I just looked her up on the internet and found her webpage with her credentials. I wrote her a outlining my financial objectives and planned a call with her.
All bots
Less countries around the world use USA Petro dollar under 50 percent actually before Biden over 70 percent we are seeing death of USA dollar
I've been diligently working, saving, and investing toward financial independence and early retirement, but the economy since the pandemic has eaten up the majority of my $3 million portfolio. I want to know: Do I keep contributing to my portfolio in these unstable markets, or do I look into alternative sectors?
Just try to diversify your portfolio to other market sectors, that way your investment is balanced and you don’t get to make so much losses.
I stopped listening and taking financial advise from these RUclipsrs, because at the end of the day, I end up with a bunch of confusing stocks without knowing when to take profit, In reality, all I needed was professional advice.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
My consultant is NICOLE DESIREE SIMON She has since provide entry and exit points on the securities I focus on. You can look her up online if you care for supervision.
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
The bigger the boom the bigger the bust, the longer its artificially delayed the longer it will last
The harder it is to get out. Sometimes you dig a whole so large you can’t climb out. We might be at that point now.
@@zanebea3437 keep digging, lol
Maybe we can send some of our homeless to these Ghost Cities. Looks like it's pretty nice.
And migrants.
Imagine how the Chinese authorities would deal with the behaviour of some of the U.S. homeless people.😆
True western worlds should send their homeless people to live in these empty houses.
@RD22 Thats actually misinformation. Those so-called "ghost cities" from the past are now mostly all occupied. Not even sure where he got that 65-90 million figure from. Surely hes not just taking it from some unverifiable MSM article...
They'd be closer to the fentanyl
This video is a game changer, I have been looking for the best way to increase my income and start up my retirement, but I really do not know much about investments and trading stocks. I keep postponing every single day that passes, but I want to begin now. How should I start? What do I need to know?
I know I can't do any investment by myself, because last time I tried, I lost all my money. I am serious and interested but also scared of losing money now. What can I do not to end up with same result as last time.
I have done some research, and what I need is an excellent financial advisor to assist me with what I want to do. A good recommendation will do. Thanks.
Looked up her name *Robin Brezik* and found her website, interesting stuff so far, about to schedule a session with her. Thanks.
Wow. The bots are getting smarter each day.👏🏾👏🏾👏🏾
It's pretty terrifying, actually. This is the future of youtube comments....@@Dsparks7777
As a Hong Kong citizen I can confirm PBDs viewpoint is absolutely on point
How markets haven't collapsed is beyond me. We should be in an economic depression.
We're paying off credit cards with other credit cards
Looks like we've spent the last couple of years in the bargaining stage of grief, not acceptance.
Over on wall street stuff on reddit, people talk about companies preventing prices dipping too low because they'll buy it. Disney was doing it and can't afford to anymore. Other companies are buying and selling their own when it goes one point down to make it look better. That won't bite them in the butt because bank loans and cd's were at an all time low. The ones holding the bags that'll blow up now are the banks because the feds lowered the interest rates so much and the banks can't take more loans because that's what they did to max capacity to make things look better in the last 3 years. Only the super rich can make money now and convince us to accept centralized banking and mandatory fees business can't afford to charge anymore while getting rid of checks so people can try to avoid the fees.
because most of the losses related to the markets is localized to China rather that the rest of world. For example the US has 500 billion exposure, sue the loss of part of this would hurt the US but not too much. Nothing like the GFC.
Shell game .
You are one of the most sophisticated and brilliant RUclipsr/content creator I watch, and 1million percent the very best in finance. I appreciate all of your content thank you for VRE80H much love from Chicago
What the heck is a vre80h
Love this guy, learned so much from watching this channel.
@@xcalibur1235scam!
Sure poopie.
okay bot
Thank you for covering these topics that no one else is. You explain everything so dummies like me can understand :)
i LOVE these intimate sit-down analyses... great format
thank you Pat
China will be fine. It's the West that is in decline. Moral decline (what is a woman) and well, economically the wealth gap is discouraging any involvement from the new generation of workers - hence why the West imports migrants
A sofa analyst. BS non-stop. US will collapse much faster. When the bonds will be sold out, the US dollar will have no value. Covered by nothing. All the others are backing their currency in gold. Petro-dollar is disappearing...it looks like the american dream became a utopian one.
Some homeowners were paying as much as 80% of income to sustain their mortgage and they thought it was fine because the value would continue to go up indefinitely.
I support China removed their "Emperor for life" for such abused on the people. 80% of some people's income were squander in such way?
i watched another mini docu series about the Chinese and real estate. The mass majority of people in China believe property/homes are the absolutely best investments, its like 80% of the population puts there money in real estate compared to less then 20% in the US. Owning land/property in China also gives those citizens rights like being allowed to marry... eye opening when you look into the big picture.
GYNA
This is sheep thinking of Chinese due to communism
How westerns are confused about this happening makes me worry about the west
2008 all over again
Thank you Patrick for keeping us aware of what is going on!
It's been happening for a few years now. They're not the first company to default.
All of the big development companies were taking down payments in advance of building the homes and using that cash to pay for the ones they had not already finished building. They were relying on there being no end to people that would buy from plans which was stupid it would only ever require one slow down before they couldn't finish something they had started which would then loose the confidence of people that had already started paying on those properties.
In some places official's have already stopped allowing people to withdraw their cash so it's that bad already.
The CCP won't allow people to take money out China so the capital flight to the extent mentioned in the video is unlikely. There is only really one method and that's using casinos in Macau, where cash will be turned into chips which are honoured by the casinos International venues. You can expect that to be stopped though.
There was another method, when Ji said wealthy Chinese people could take funds out of the Country to invest in sports (particularly football ⚽️). That's why around 7 - 8 years ago you saw massive Chinese investment in European football teams, but they were all using the method to get cash out of China, rather than being genuine about running football clubs. When it became noticed what was happening, Ji put a stop to it and loads of football clubs ended up struggling and many were sold at a loss.
I only mention all of that to show that their government is more than likely to take steps to prevent other methods of capital flight.
He has no idea how things work in CΗίΝα.
They are not capitalist, nor ΚοΜΜυΝιςτ.
CΗίΝα is winning, he just doesn’t understands how. Same goes for Rυςςια.
They are not limited by the same rules as we are.
BUT SIR MY INDIA IS THE REAL SUPERPOWER NUMBER ONE🤗🇮🇳 WE HAVE THE BEST INFRASTRUCTURE AND HIGHSPEED RAIL 🤗🇮🇳 MEANWHILE IN CHINA PEOPLE STILL RIDE RICKSHAW EVERYWHERE AND THEY ALSO POOR DONT HAVE CAR . THIS WHY IM SO LUCKY LIVE IN SUPER INDIA THE CLEANEST COUNTRY IN THE WORLD 🇮🇳🤗 , WE NEVER SCAM! WE GIVE RESPECT TO ALL WOMEN THEY CAN WALK SAFELY ALONE AT NIGHT AND WE HAVE CLEAN FOOD AND TOILET EVERYWHERE 🇮🇳🤗🚽, I KNOW MANY POOR PEOPLE JEALOUS WITH SUPER RICH INDIA 🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳
find more sources to understand China's economy, this is bar talk
@@warrennelson5190😅y😅😊😊yh😊hhh
Ty and congrats on ur channels growth!!
A pleasure to see
Wow!! Your knowledge and delivery are outstanding!! This was great information. I really love your dedication to sharing.
Yes, I went down this rabbit hole a few months ago. Real estate is horrible over there, they pressure the working population to purchase before the build and they buy, and buildings ARE DANGEROUSLY UNFINISHED. I don’t know what they are mixing in their concrete, it crumbles after a short time. Sad.
What you say is dumb and stupid!!! How can simebody pressure you to buy if you don't want to? The truth is the chinese prefer to invest their money in homes/apartments and not the stockmarket. Those the west call "ghost cities" have all been bought and paid for, some still remain sparsely populated because the owners have other homes they live in.
With rates climbing like never before in ’23 coupled with uncontrollable inflation, and our own mortgage at now 7.42% what are the best alternatives/strategies for avoiding a crunch and maximize my savings other than moving in to an RV with my two kids and wife.
You are not alone we can no longer afford our mortgage, husband wants us to travel or relocate/I am proposing cashing in, walking away and renting while putting the rest in the stock market.
If you have the funds to travel you should be able to afford the mortgage.
We own a few rented apartments but don’t wish to sell them or make the tenants uncomfortable by inflating rents however I am being more cautious than ever with rising costs.
Affordable housing is no longer available so you are a good person to do that for people under your roof. What you want to do I will advise you do it now because the prices you see today will look like dips tomorrow.
If you are in cross roads or need sincere advise on the best moves to take now with financial markets will be best you seek a fin-professional with fiduciary responsibilities who knows about mortgage-backed securities for proper guidance.
I appreciate your insights, I look forward to your video’s. Thank you, your making difference.
Excellent info, thank you for sharing PBD, you’re the Best
I live in China and used to teach for Country Garden. They owned everything in the town, the condos, the commercial property, the hotels and even the school. There are vacant apartments everywhere. I have a brand new 3 bedroom 2 bath apartment furnished for only $285.00 USD per month. I'm 30 minutes from Macau and 1.5 hours from Hong Kong too. Thank God I don't work for Country Garden anymore. I'd be worried I wasn't going to get paid.
China plan longterm, they project how the population would grow and build for that. Eventually in a few years that group of apartments/communities would be filled up just like what happened to these hundreds, probably thousands, of mini cities built since the 1990s.
$285 USD. You don't need the cents, no reason for it, just causes confusion.
You should look into the average house in Vancouver/Victoria and other major cities like Toronto. If you live in one of our major cities in Canada, with a regular 9 to 5 job, you cant afford a home.
Appreciate the updates
Thank you for sharing your information
I really appreciated this video, as a medium-term VRE80H holder. I know you commented on not many people paying attention to this, but it was very relevant for holders such as myself. After watching your thoughts, I willbuy more. I also remember your earl
@@flipacoin3593Hahahahahahahahaha.....it's probably valuetaiments scam. See how it's not taken down
@@flipacoin3593 wow its basically the same thing said above with about the same amount of likes and no comments
Bots
Scam
I don't know what VRE80H is, but based upon the number of scam comments I see, I know I want nothing to do with it. so in a way, their effort have value!
😂😂😂😂
Heard someone say the best season for a fin.ancial breakthrough is now, especially with inflation running at a four-decade high. I have approximately $750k stagnant in my port_folio that needs growth. What is the best way to take advantage of this downturn?
That’s right! Downturns provide plenty of opportunities for regular people to build wealth from the scratch. However, you may need to get some professional advice from an Invest-ment planner if you need an aggressive return.
Recessions are where millionaires are created. After my port_folio took a big hit in April, I was forced to employ the services of an Invest-ment-analyst who has not only accrued a profit of $250k for me since then but has also taught me how.
@@bsetdays6784 I need guidance so i can salvage my port-folio due to the massive dips and come up with better strategies. How can i reach this advsor?
@@selenajack2036 My advisor is “Mrs Marisol Cordova” You can verify her and use her services if you want.
@@bsetdays6784 I just looked up Mrs Marisol Cordova online and researched her accreditation. She seem very proficient, I wrote her detailing my Fin-market goals.
Thank you for this. These types of videos are so informative …. and scary.
Great video! I had to play it at 3/4x speed
0:28: 🏢 China's biggest real estate company, Country Garden Holdings, missed a debt payment, raising concerns about the real estate market in China.
2:51: ! The real estate sector in China accounts for 30% of the country's total GDP, leading to significant impact on the economy.
5:38: 🏢 Real estate is a popular and trusted investment in China.
7:58: 📉 China's rapid urbanization and economic growth has led to challenges including inventory shortages, customer dissatisfaction, and deflation.
10:11: 💰 China's economy is experiencing rapid growth and a potential bubble, leading to concerns about a possible crash similar to Japan's in the past.
12:55: 💼 The speaker discusses the potential negative consequences of China's rapid economic growth and overproduction.
Recap by Tammy AI
What Ever Stagnation happens to China we’re so Dependent on Them Will eventually Affect US!! That’s one of The Reasons It’s No Longer Country’s running themselves its all the Globalist Controlling The entire World! Economy’s!!!
说中国崩溃，都说了几十年了，不累吗？哈哈。
@@haiwang2857and all the things that have been talked about are coming to fruition.
And how much real estate in the USA, especially in California have the Chinese bought up? More than Americans… they are flush with cash and gobbling up single family homes.
Since this video came out, Chinese real estate stocks went up 20%. China just released their new policy.
Most of my relatives are in Shanghai, almost every family own more than one property and most have no mortgage payment, no tax, some condo fees. My mom owns two 3 bed rooms condo ( empty, not for rent) and she rents a 2 bed room condo in downtown area ( 2 minutes walking distance to subway). My mom's landlord has 3 luxury condo units and he got it from the government for free. China is slowing? Yes. Having problems? Yes. But it is not easy to understand what will happen next. The whole western economic professors have been saying China is collapsing very soon for the past 20+ years. I just want to say it is not easy to understand China. If you can not read Chinese, it is even more difficult because you only can get info from the western medias. Do you normally trust the local medias?
Western economists keep using capitalism to annalysz Chinese socialism economy model. therefore, they always miscalculate China.
How are the rest of the geographic areas of China? not just Shanghai..I have friends that are fine there...what about outside of the sardine cities?
Exactly its nothing but hopium and copium
Sounds like Shanghai is doing well.
Do you recommend foreigners to invest our money into China?
@@xps1997 I don't know. I invest all my money in Canada where I live. Most in Canadian banks TD, RY and I have more than 1M profit so far. For most people, the US and Canada stock market are already enough.
A BIG TY for the work you put in to make us see clear👊👊👊
You & you content are BOTH GREAT 👍 TY again & be safe
Thank you !
@Pat - you should do a deep dive into the reasons why Japan went through that and still hasn't fully recovered yet. They were forced to stop growing
Homes in Japan are typically worth less by the time they are paid off than when they are purchased.
Helps explain why no one is interested in getting a mortgage and buying a house.
Exactly, and they were forced by the US ! The same US that is trying to hampered Chines Growth now.
From what I've learned, a big part of the reason is when Ronald Reagan halted buying chips from Japan. I could be wrong, it was a Johnny Harris video. 😅
@@twerkysandwich64 Johnny Harris outright lies or leaves out crucial information in his videos almost every time he makes something. Which is a shame because the videos themselves are wonderfully presented and very well edited.
China came onto the world economy stage back in the 1990’s! That is probably a big reason for Japans’s declines. Japan’s median population is getting older too!
Gordon Chang has been saying for years, yet it still hasn’t happened. How are they able to buy so much here in America if they have no money? From land near military bases to buildings and food processing plants and farm land, it just keeps going.
This will be good for America, BRICS nations won't be propping up China anytime soon thus the USD will still be holding strong, and it's a safe bet.
The millions of California houses bought by the communist Chinese should be confiscated to help reduce the housing shortage for American families. It's just money laundering of corruption money ... and the property rights are not reciprocal for an American expat (anywhere in Asia).
Petro $ = dead
@@Qwijebousa is one collapsing not China
America may be leading the push of NATO but that is because of foreign actors who have taken over the government. The American people, more than60%, have had enough and will resist tyranny. China on the other hand is vastly corrupt and their system of communism will not last. Too many billionaires and millionaires are attempting to leave China because they know the economy is a lie. It will not last and the people are waking up to the lie. @@aa-hb3tg
Awsome always somuch to learn.Thanks a ton🙏
Thank You for sharing the video!💯💯💯
I can’t even start to explain how much I love to listen to these clips of world news/issues in the horizon that most people don’t seem to capture in the present moment. Props for these videos and keep them coming 👌🏼💯
All of them are really nice picks. But the potential of project that elegantly combine blockchain and AI is Amazons VRE80H and should not be overlooked, I guess. Among them, this truly tackle real-world problems and have vibrant ecosystems, like Aiwork.
Scam
Excellent analysis. Thanks for sharing this 🙏🙏
Nice job summing this up!
Love these videos. Thank you!!
Great content with helpful stats, Pat. Please do more of these types of videos on economy, markets, etc.
BUT SIR MY INDIA IS THE REAL SUPERPOWER NUMBER ONE🤗🇮🇳 WE HAVE THE BEST INFRASTRUCTURE AND HIGHSPEED RAIL 🤗🇮🇳 MEANWHILE IN CHINA PEOPLE STILL RIDE RICKSHAW EVERYWHERE AND THEY ALSO POOR DONT HAVE CAR . THIS WHY IM SO LUCKY LIVE IN SUPER INDIA THE CLEANEST COUNTRY IN THE WORLD 🇮🇳🤗 , WE NEVER SCAM! WE GIVE RESPECT TO ALL WOMEN THEY CAN WALK SAFELY ALONE AT NIGHT AND WE HAVE CLEAN FOOD AND TOILET EVERYWHERE 🇮🇳🤗🚽, I KNOW MANY POOR PEOPLE JEALOUS WITH SUPER RICH INDIA 🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳
Trump said endia is a shithole.👅
@@indiasuperclean6969keep crying wumao. 🤡🤡💩💩
I think this sort of video shows the value and strength if this program and his talents to present better.
He does both interviews and summary analysis well.
Finding the right balance is part of the magic and challenge.
Great reporting thanks
Dam I wish I could’ve worked for you! Amazing info and delivery!
Just more pure GOLD info by the man, PBD.
I've been hearing this for 10yrs, it's a great youtube click-bait topic but nothing ever happens
next year, next year, I meant to say next year
Very very smart thank you for bringing up the subject
I love Patrick. I come from a corporate background and had some incredible leaders and since being an entrepreneur on my own I haven’t really found a mentor in real life, and so I’ve sourced many online, there’s been terrific “specialised” mentors out there but a business man Patrick is the ONE!
I could listen to him, absorb and learn for hours!!!
He’s brilliant!
Imagine him working for someone 😅 no ways .. 😂😂
Some people are born for leadership.
What's happening in China is no joke.
Great content as always. I do wish there was more counter content to underscore the intended message. Ex: charts are sexy. Communicating how numbers tell a story can be even more intriguing in the sense that the whole story is ever evolving.
Always love a good conversation. Thanks for the content!
Cant deny the fact that Amazons VRE80H is the strongest bet to bring power back to this industry after we suffered FTX, Celsius, Tera and so on. Sure if they fail its done for good, but I dont see that the biggest tech company in the world would put ev
fuckin bot
@flipacoin3593 definitely is. Ev are trash. Gas baby!
@@flipacoin3593You’re right, youtube needs to ban each posting account and each account that likes their posts.
Now buy my crap coin I’m selling.
Scam
Bots
Bro you are amazing. This is one of the best channels I subscribe to. Thank you.
Love your research and in depth dives to things effecting us now.
Pat, you have so much positive energy, you are a good person. Great to watch you, thanks.
I appreciate you sir!
Watching u from Bangladesh. You are learning issue....❤
Love the fact that you cite your research. Keep it up 👍
Appreciate the insight, Patrick! Beautifully explained 👏
05:30 that could be the most impeccable ad transition I’ve seen 💯 kudos Patrick👌🏽 😄
love the vids great content keep it up
Patrick, this is why I like your podcast. Your facts ck is so up to par. Please keep it up.
Hands down one of the best, if not the best, informative channels online. Thank you for your content.
wrold’s spelling error
I LOVE YOUR CONTENT 🙌🏾🙌🏾🙌🏾 GREAT STUFF!! ❤THANK YOU
Thank you :)
Billionaires are almost always a valuation issue not income. China has figured that by knocking billionaires there is no real loss to the middle classes. As long as the company still works and the employment continues the loss of billionaire wealth is just a number that affects the “controlling family” who rarely go bust just because of loss in valuation. They still have their companies and the millions in income remain.
Great message and warning appreciated continue making this videos to help everybody understanding what’s going on around the country
Get ready for war! When an economy fails, the last resort is going to war. China will invade Taiwan within two years.
I have heard of this.... crazy and mind boggling
Excellent presentation my friend.🎸
It's important to note, although their local economy is heading straight into the Greatest Depression, Chinese manufacturing has moved overseas (much like NAFTA) to Cambodia, Vietnam, Africa. So Chinese Stocks will remain solid and they can hide the devastating loss of life that is yet to come.
Sounds like the US as well
THAT'S THEIR VERSION OF POPULATION CONTROL??!!🤔
dream on
We need a total victory over China and Russia! Both are Anti-US and Evil
>So Chinese Stocks will remain solid and they can hide the devastating loss of life that is yet to come.
how convenient, so you can claim collapse happened anyway despite nothing happening at all, nice
Excellent and informative video!
Your videos has been great !! I am part of your viewers and i’ve been watching your videos lately. I’m interested in investing but I still can’t figure out the right investment to engage in . I’ll appreciate any help out here.
Yes, it's true, there's been a lot of talk about investing lately, but I'm new and also curious how I can get started. Can anyone explain how to invest and how to get started ?
In my opinion, investing is not about getting rich but about gaining financial independence. You need a financial advisor to help you become a professional investor. I became successful by following the instructions of my financial advisor (Nicole Brusher) who resides in USA. So far, I’ve no regrets.
Amazing, such an amazing information you got. Can you share more details on how to get in touch with your Financial Adviser? Like I said , I’m very interested and will start if I can get help out here.
She's on inst 'gram
It's great to come across this information. There are many ways to get rich, but without the knowledge and guidance of a financial advisor, you make bad financial decisions. I work with Nicole Brusher and now I say to anyone who wants to listen; "If you don't invest, you will regret it later in life."
same in botswana
really cool to see a western podcast spotting on the Chinese Issues instead of cliches. Would like to share stories and thoughts on the topic as a resident but the language barrier is huge in terms of deep conversation
So basically right now we need to bring manufacturing back to America quick.
@@zerotimeout ... fast ! It is an emergency!
Only if Americans actually like to be underpaid and do major overtime
@@Drawingtheplanet Nobody is teaching them that...
@@Drawingtheplanetdont need to work in the traditional sense of working for someone. But yeah we Def need a purpose in life.
or the alternative of finding a way to continue livng our insane lives where we ingest massive amounts of chemicals, electromagnetic radiation, and caffeine in a sad attempt to forget we are even breathing and wander through our day like zombies with a craze for consumption might be to live more simply, feel the dirt under our feet, breathe in the fresh air, and be human beings instead of robots... and the sad thing is that most reading this comment will probably laugh at me and think... what a moron...
A major part missing from this story is the hukou system; in China, you can't just move to a new place at a whim, as your access to health care and other services is tied to the place of your birth via a hukou registration. There are two main ways around this: get a job offer for a qualifying profession (something degree related, we aren't talking basic labor), or buy a home. Renting is not sufficient, you have to buy it. This is what drives a lot of families to buy homes at irrational seeming prices; they want their kids to attend school and grow up in a middle class, more affluent setting.
Same as anywhere else if you don’t have money
@@ZaalluNot true, everywhere else rental is equivalent to owning for registration purposes.
@@davedosanjh6831 if that where true then there wouldn’t be wealthy Chinese immigrants who wean afford to live anywhere in the world
I thought you could not even buy a home in China. Only 99 year rent or lease?
@@nicklibby3784 I believe it is typically 70 years. There is a process by which the lease is renewed however, at minimal expense or uncertainty, so the anticipation among buyers is that property rights will be retained in perpetuity. The pace of development has been so rapid, that in recent decades, long before the lease expires, a developer will buy everyone out at a handsome profit and knock down the building. I am not an expert in any of this, just heard things from casual conversation with Chinese people.
You nail it with the fewest words!
i'm not sure if you are omitting information on purpose, but the crazy growth of japan you talk about, it was usa policy that stopped it & nothing else.
when you try and force things its almost always going to come back to haunt you in the end
Very good explanation
Real eye opener! I love this video
Jimmy cortesi and pat bet david is great, hightly support him from now on.
only thing he knows about is pyramid schemes.
There was a documentary which that showed how young people were expected to own homes just to get a woman and marry. Lots of people would pay to make infrastructure for this purpose and would just have the bones of the house done to get paperwork stating that they own property.
Yea I saw that. It’s really sad tbh
You don't own it though, China owns 100% of their land
@@leprechaun7667 Same in the US (just not as blatant).
Their one child policy and their preference to have that one child be male, created an imbalance and women know understanding they have the upper hand, you have to prove your “worth”
@@halhansen778 Makes me wonder who kept their female children (15-20yrs ago) to put themselves in this better position.
Insane good video
The price of real estate blows my mind. Thank you for doing this.
The bubble is always about to burst but never does.
How many words per minute does Pat speak at? Phenomenal speed of delivery. On topic, the level of indebtedness appears to huge. Who is the counter party to all of this debt is a separate issue. Are western banks providing this capital?
Yes, much of it comes from the world's financial markets other than China's.
Nice video!
Continue to follow the money
I love that VRE80H is focused on sustainability and using renewable energy sources for mining. Its important to consider the environmental impact of cryptocurrencies.
@@flipacoin3593I pretty much ignore anyone who talks about climate change.
@@flipacoin3593 They left your comment up to make people who had the same thought think "maybe it's not a scam". Or maybe it's your mis-spelling "Boys" instead of you-know-what that allowed it.
I am surprised that this name is being mentioned here, I stumbled upon one of her clients testimonies on CNBC news last week..
Ugh...
@@flipacoin3593yup. any comment talking about crypto or investing especially on a vid that has nothing to do with n e of that is a scam.
Pat u are truly inspiring 😊 thank you for keeping us updated and pushing us to improve ourselves
Fantastic breakdown
I'm interested in the regulation, quality of building structures... avoiding collapsed structures.
i like this, youre mixing it with different topics, this is quickly becoming one of my favorite channels