How the US lost the trade war in South America: giant deficits in trade, leadership, and character
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- čas přidán 30. 01. 2024
- The United States runs chronic trade deficits and fiscal deficits of billions of dollars, every day. China runs trade surpluses of billions of dollars, every day.
Over time, these surpluses become giant pools of capital that can be either returned to China and invested here, or directed into new opportunities abroad.
Also over time, America's deficits reduce opportunities, both abroad and at home.
China is investing hundreds of billions of dollars into Latin America, forming strategic relationships and business partnerships at all stages of South American supply chains and consumer markets. Meanwhile, western countries are fiscally exhausted, unable even to pay for domestic spending.
The financial and economic realities are stark. Just as severe is the crisis of confidence, and the failure of America's leaders and our people to turn the tide, to remember our legacy and promise. Until that happens, expect more of these country maps to turn red.
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Petrodollar is done , karma for supporting occupiers
The Triumph of WWII, first glee, second bask in confidence, third hubris, upcoming forth is the fall.
Ty, one of the gems of YT. Very thankful for finding it out. May humanity & the goodness inside each of us win over the darkness.
America is still doing best in war and refugee manufacturing.
Even the immigration issue is a dual purpose story. The US and Canada needs immigrants to work so the government can get more taxation. The existing population is too lazy and found ways to exploits the system that is why there is no one working !
😂
And exporting their debt and inflation
@@morrismak Correct after 1972 and off the gold standard. The US dollar was powerful enough to be diluted into other nations debt and still survive till now ...the end is near !
100% very true.
I hate to say it but no one in the states truly even want to understand. They rather calm their anxiety listening to Peter Zahen's prediction of China collapse. LOL
It’s over once you start drinking your own kool aid 😂. No one believes in US propaganda more than their citizens themselves.
No surprise here
when you focus on being and staying the only hegemon around then eventually you will forget about the welfare of your own people much less others
All prediction and reports of China in dire straits are to make the some people feel good.
You can see them in India.
The reports specially target Americans, who dearly need some diversion from their clear and present gloom.
Yup.. absolutely.. why solve problem when you can just eat a delusional pill..
Courtesy of Peter Zehan and Gordon Chang..🤣
amen & so correct = LOL!
Please don't blame china for your own made problems.
true buddy
He is complementing China.
Clever China ! Congratulations wise move , you got your population out of poverty & moved into the high technology educating your citizens.
trust in china... they will get it done!
I met a Chinese young man in Shenzhen about 10years ago. He used to work for Huawei in Latin America and he learned Spanish while he was there.
He saw that the locals like to wear sandals and found out that they need to import from the US, but the sandals where made in China. He figured out that he could sell at a much cheaper price if he directly import it from China and sell to the locals. He quit his job, returned to China and sourced scandals, returnes to Latin America and became quite successful.
I met a man on a flight that goes to Russia in the spring and summer to run his farming business and sell the produce to the locals. In the meantime he'll talk to the locals and see what they need or think the need in their daily life. Then in the winter month he'll return to China, buys the stuff the Russians need, take a break, and return to Russia in spring to do the farming and sell Chinese products to the local Russians.
I have tons of stories like these
The American young man would ship weapons to Latin America because that's the only way his brains could work. 😅
The reverse is also true, Haier came to the US and built a factory they then bought GE Appliances which will be sold in both the US and also back in China as an US foreign brand which can be sold at a higher price ! ...LoL
I have one, meet a girl in CA 2011 coming From China, she become a General contractor and Real State at same time, she comisión for the purcharce of the house, she Made Money doing the contracts to flip the house, moreover she make comission in the sale of the house. No party hard, just work hard, took her 10 years to be wealthy pay first house chash, by now she own 4 houses in the most expensive state Sac. CA. The Chinesse have something we dont DICIPLINE.
If the USA was smart they would open up to Chinese investment
The most FDI the Chinese have ever invested in the USA was 48 billion dollars in a year. When it should be 100s upon 100s of billions
@@mexicamilenial3146 The Chinese has 5000 years of continuous culture.
There are other cultures older than the Chinese, like the Egyptian, Assyrian and others.. but they died out.
The Chinese culture retains its roots.. including its language.
Chinese language is by far.. the most difficult language in the world.. especially the writing.
There are 3000 characters that have to be remembered.. and that's hard work.
So from childhood, Chinese people is already accustomed to the hard work needed to learn their language.
And their 5000 years history teach them the patience and confidence that it will lead to fortune.
TEAM MOTHERLAND,CHINA ALL THE WAY AND BEYOND FOREVER!👍🙏🇨🇳🙂🐲🐼☯️☮️🌏‼️
No BS, 100% information. I love it.
using the dollar as a weapon is going to backfire big time
As long as the Military-Industrial-Congressional complex keeps growing .... that's all the 1% cares about.
It's military/industrial/academic/media/congressional complex ... So called "think tanks" from academia institutions hired to "think"
You deserve much higher views and much more subscribers. You will get there just by continuing the good work on telling the truth.
That is kind of you to say. Thank you.
Enjoy the weekend.
@@Inside_China_BusinessSadly, the reverse is true. If you just bad mouth China, YT algorithm will reward you with tons and tons of subscribers.
@@Inside_China_Business goddam I love your work and sharing here Sir, pls keep going for quality 😊
Quite simple to explain why. America pursues a confrontational policy dependent upon the military and its expenditure; China pursues a cooperation policy and trades with mutual benefit.
LOL
the chinese do all that benefits china... them folks just get it!!!!
@@blafonovision4342lol wtf lol?
China is replicating USA of after WW2, How USA got rich by building Europe through Loans
@@blafonovision4342why lol? It’s very true!
I think the last significant visit of an American president to Latin America was when Roosevelt came to establish military bases in the region during the second world war. After that the region was forgotten. As they like to say: latin america is just grass.
LatAm has been abused by ameriKKKa
Just grass - but maybe you can smoke it! 😂
The Monroe doctrine.
Had America chosen to share prosperity with the neighbors rather than fostering political unrest to maintain its dominance, the landscape would be vastly different.
Every nation wants a better life for its citizens.
Think How To Help THe Neighbors Achieve Theirs Goals
America had 200 years to do so, but have chosen to do the opposite.
STOP BLAMING OTHERS.
Roll up your sleeves, and start to offer value as a good neighbor.
I can't wait to see your video every weekend. It is very educational and knowledgeable. Thank you for your programs!
Your channel
will become
popular.
Kevin...you're the man...always telling the truth.....hope mama Yellen and the rest of politicians in Congress listen to you
You can't borrow forever to maintain your lifestyle.There will come a time when your credit risk is so high that no one would lend you money but start collecting the debt. This is what we are seeing today.
Seems like incompetent leadership is a country's deficit.
Kids in China want to be astronauts, kids in the US want to be CZcamsrs ! ...LoL
want to be transgenders
You forget to say rapper,. Athletes
@@evens1262 Same bunch of useless rift-rafts that don't contribute to the nation !
amen & well said... hahahahaha!!!!
Rappers athletes CZcamsrs can make alot of money
But but...we invested in wars...Vietnam, Iraq, Libya, Afghanistan, Syria, Sudan...what was the return on these "investments"!?
Thousands and thousands of lives plus much sufferings!
Americans have experience going over sea as soldiers, and experience killing some people. Really sad.
Chinese hold STEM in high regards. Americans are into sports and entertainment, and wash it down with fast food.
You are very authentic and clear headed person.
Totally first class and very much appreciated
Normal people don’t know. They don’t read.
Or they listen to Gordon Chang and Peter Zeihan.. 🤣
Thank you. Brilliant, as always. And so hard-hitting.
Man! I have just come across you today, I am binge watching your output. Of course I have subscribed.
Thanks Kevin. Good work
Thanks Kevin, your video have always been informative..
I remember back in the 1980s, China was a poor country. Most of the people in China rode bicycles, and now you go to a city, like Shanghai, Shenzhen, and you see how a lot of cars on the road.
Not only cars, but now self-driving taxis, and buses are on the roads also.
@@morrismak That's even better, because I don't see that on American roads.
Not just ordinary cars, but EVs !
@@etow8034 China does produce the most EVs in this world.
I heard they have EV battery swap centers where they replace the entire battery in 5 to 10 minutes. Now, that is innovative and futuristic.
I was in Chengdu in October of last year and not only are there many cars on the road but the cars brands are wide and vast from European, Japan, Korea, the US and many more Chinese brands! Incredible the options afforded to the people there and while in the US, my country, we limit ourselves.
Fantastic!!
You remind me of the host of the Duran Alex Christoforou who has the same wandering roaming blog style. He is reporting on the Ukraine war and is alleged to be on the Ukrainian hit list. But you're in China which is among the safest place on earth. Chanced upon one of your video two days ago and I have been hooked. Stay well Sir.
Fantastic😃😃😃
without necessary supply chain it is difficult to build things.
usa is now a speculative economy. day trading , social media influencer, etc, is the new normal.
keep up the good work, i enjoy your videos
Your channel is my #1 goto place for videos
USA dollar is hollow
Money not backed by gold etc
If you have to play Monopoly, or you'll be F*#@ed up, how much would you pay for that game money?
thank you ❤.
Business men and thugs are challenging each other for the South American turf.
The United States of Americunt took it for granted that it she will be the world's largest economy in the world forever. But it is only her first cycle but for China, this is her many cycle due to her cultural strength which took many thousand of years to achieve !
I love your cleaner pronunciation of simple things ❤
Without firing a single shot.
I am learning from you , these things are never published in the west .
You know some superstars choose to retired and quitting at the peak their careers. So history only remember his glorious time.
Maybe US can do that
The thinking is that all the factories and mining contribute to pollution so the smart politicians come up with environmental law preventing such industries to exist in US and western countries plus that they care so much about workers that every year workers go on strike to demand more salaries. They don’t mind paying for products produced elsewhere. To maintain their competitiveness they retain patents and r&d thinking that no other country could succeed or surpass them
There’s a deep rooted disdain for the U.S/E.U in South America
There’s a lot of people that wouldn’t buy things from those countries just on g.p.
The Triumph of WWII, first glee, second bask in confidence, third hubris, upcoming forth is the fall.
Amen.
I disagree with the hard work part. I think ordinary Americans can work hard and has been working hard. Working in a McD for an 8 hour shift is hard work and I think the same person will work hard in a factory. The problem is that the neoliberal system has financialize the American economy to the point there are no more factories in America.
Chinese works from 9 to 9 and 6 days a week.
the chinese people just get it, plain & simple. bravo china from your good friends in india! xoxo
if something has increased, then something has decreased, America is faced with the choice of building itself or the world
This is sort of changing in the US, but it’s very patchy and half-hearted.
Also, I cannot emphasize enough how US support for Israel’s genocidal campaign in Gaza is destroying our credibility and moral standing in much of the world. This was made clear to me recently in international business discussions with people who had previously been very interested in working with American companies.
i love how China is putting the IMF out of business. good job 👏🏼
👍👍
I love the success story of china. Really impressive
Easier to listen to video than to read and watch video simultaneously.
BYD builds Factories in Salvador Bahia Brasil. 10.000 employees to make EV Cars in Brasil. And the Salvador Itaparica Bridge and New Itaparica Harbour.
Your Nobel prize economist Paul Krugman also believed and preached the US debts absolutely post no problem whatsoever! Your numbers are correct but I am afraid you have grossly simplified the causes of the problems US faces today.
The U.S. has long moved into the service and financial industry. The leaders in both sectors belong to the U.S. to this day.
have to start at square one again; push everything aside and start from scratch that is the only way and it is going to be very difficult and bloddy
👍🇧🇷🇷🇺🇮🇳🇨🇳🇿🇦➕️✌️👏👏👏✌️
BRICS+ rise up
China rise up
I do! My daughter works as a bio-medical engineer in Brussels! But I have to say that is the only one.
Have you wonder why there is a trade deficit? do you think it just deficit spending? the real reason for the problem is the banking sector. if other country do deficit, their currency will decline, equalising the deficit as spending power decline, however because the banking sector is so dominate in the US, it is keeping USD up, which make it harder for US to export and thus wider the trade deficit further. the root of the problem is banking, however the banks makes several trillion dollar annually shuffling money for the world, if you try to lockdown then bank by raising reserve requirement like China, a big chuck of the US economy will disappear over night. so US is in a catch 22, it can't change it economic structure without taking a hit and no politician want that hit to happen in their term.
Yes also the USA has to impose its military might to protect its Petro Dollar and Worlds Reserve Currency status
Part of the reason in can print up/borrow so much money
well done china...
@@DW-op7ly not for long
Thanking you
WELL SPOKEN 👏🙏👍
CHINESE HARDWORKING MENTALITY IS GETTING TANSFERRED TO NEW GENERATIONS ie WHY CHINA GROWTH IS CONTINOUS AT HIGHEST RATE👏🙏👍
❤👍👍👍👍👍🔥👏😍❤️Wow, the author Kevin is so astute observer of current affairs of the world. I really wish we have someone like him to lead USA and go through the tough transition to face the changing world. Many politicians here are living in the past glory. People engaged in small business here in America can not agree more with his observation
Two billion one day ? Wow..
Be nice :) Don't tell us these things, it hurts my feelings :(
800 billion? pas de probleme, no printing cost, anymore, just hit the keyboard and 800 billion disappears.
you have to wonder, though, how long it will take before someone wakes up and says, ''umm, non, pas de dollars, in rmb, svp.''
Actually what we have learned since the 2008 subprime crisis
Buying for US debt is not unlimited.
Example the US FED had to by 71% of the newly issued US Treasury debt in 2013
The printing up of money, anct landed that debt in the Fed Balance sheet.
Where the last time they tried to dump some of that debt on the American people from 2017 to 2019
they froze up the credit markets and had to come back in and buy back that debt even more debt
And the most worst thing of all
the USA has shown they have no problem taking private internal debt not backed by the US Government
and converting it into external Sovereign debt, that is backed by the US Government and ultimately the American people
The UN, the western world acknowledges this, even as the US and the MSM ignores this, they won't ever dispute this as they know it is true - so they just conveniently never mentions it. Yeah, keep on burying your head in the sand if that's what it takes for you to feel better.
China doesn't keep them in dollars but already changed these dollars to assets like investments or gold😂😂😂😂
we love china cuzz they will work, study in school, do good worldwide, first in AI, biotech, EV cars, chinese space station, economics, manufacture worldwide projects, fish farms, arms race, medicine; just to name a few. much love for china from your good friends at india!
@@DW-op7ly I hope they keep doing this at a larger scale
S.America's trade w/ the EU is $122Billion (2020) and with the US is $372 billion (2020). But S.America's trade w/ China is $315 billion (2023) but growing faster.
👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍
The us comes out on top in the trade volume if you add the drugs trade.
Kevin, producing ongoing and high trade surplusses is not a benefit for a country, it just shows that there is a basic error in the countries political model ... China should build up an effective social system and free education so that the population has confidence in the future, spend money consuming, have children, benefitting from the highly productive economy ... instead of selling so much abroad so that others benefit !
how the hell did usa get into such a crippling mess, usa is the richest greatest surely.
This is what happens when you got people believing in a sky god, "we went to the moon" ! instead of manufacturing in reality 😂
Well done china
This is sobering news.
It's so weird that China started off with just one country in 2000, and now has all but 5. Especially considering who that one is. Paraguay is currently the largest remaining country that prefers Taiwan politically, though in fact trades with China is larger.
China is applying the policy of Louis XV by the way....
What does China think of the cocaine trade to the US?
China also invests in Russia and Central Asia or anywhere without the G7.
That's democracy for you
Where is Gordon Chang ? 😂😂😂
Burying his head in the earth. Head or tail ? Still cannot guess it right.
To stimulate the US economy, the gov't starts a new w ar. 💡Stocks are going up in the US. And due to the C hina collapsing narrative of the investment gurus, investors are pulling away from Chinese stocks. BTW, how much does the US produce in the US? 💡
If they have to borrow 1 trillion USD a year, I guess not much is manufactured in the US.
The US has moved to the more (short term) lucrative business of services..
Especially in the legal field.. there are just way too many lawyers in the US.
More like 2 trillion a year they need to borrow
@@DW-op7ly Soon no country will need USD anymore..
And the US can't print money to borrow money, without triple digit inflation.
The US will collapse..
we love china via india.
@@raymonddon8875no u don't. Your media is blasting anti China hate every minute.
China have enlightened the awaken ness of Consciousness now . What is Democracy mean exactly 😂❤🎉 .
complacency and laziness
I feel your pain.
❤❤❤❤❤❤❤❤❤❤❤❤❤😂😂😂😂😂😂😂😂
Can you not be so honest and truthful about the Chinese people. It hurts.
But it is gaining a new colony, Argentina.
I wonder if Kevin has any stats of his viewers, how many % of his viewers are Americans or from the west? I'm Malaysian Chinese living and working in US, I have been here for a long time and I had known or knows lots of American, lots of them like like to travel, but never to Asia or SE Asia, some will go to Europe or Mexico, but most just travel within US. I think American in general still think that USA is the best of the world and top of the world in everything, I just wish American will venture out to Asia and open their eyes. As for trade deficit, even if US has trade surplus, do you think it will go to benefit the general population? No, it will go to big companies, or they will made lots of bombs to drop on other countries. So may be US not having a trade surplus is a good thing.
trade is not the only way to do business, there is investment. The investment of Amercan companies in China generate over 300 billion each year which is about the same as the trade deficit with China. So the trade deficit is not that a serious problem.
Dreamer. The earth is also flat…..
0:29 colombia is not red. Who ever made this map is ignorant af
He confuses government deficit spending with trade deficits
Mercantilism was shown to be foolish in 1776
Deficits in leadership and also deficit in thinking, mentality and philosophy. This is why I think China will win this new cold war that the US started unilaterally because when each country makes a mistake, China leadership has the wherewithal politically, philosophically, culturally and also the intelligence to correct that mistake and always aiming for long term sustainable, equitable growth that does not require the plundering of other countries. But the US leadership are too st*pid, short-sighted, and captured by special interests (ie corrupted) to correct any mistakes, especially the ones that make corporation a lot of money (not necessarily real value) at the detriment to the American people and the world.
but usa has a no limits and no due date credit card 🙏
The trade is in dollars. The U.S. prints dollars. Definitely the U.S. can always be in deficit with no harm done.
The trade is in dollars until it isn't.
Bitcoin!