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US China Trade War Explained -Who Needs Who? 

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Patrick Bet-David breaks down the US Trade War with China and what you can do about it. Don't forget to subscribe. Check out Official Valuetainment Merch here: vtmerch.com/
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Founded in 2012 by Patrick Bet-David, our goal is to impact entrepreneurs around the world through value and entertainment. We are the #1 channel for entrepreneurs because of the best interviews, best how to videos, best case studies and because we defend capitalism and educate entrepreneurs.
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27 май 2019

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Комментарии : 11 тыс.   
@VALUETAINMENT
@VALUETAINMENT 4 года назад
Share your thoughts with Patrick Bet-David by texting 310.340.1132 or click here my.community.com/patrickbetdavid
@Nounismisation
@Nounismisation 4 года назад
One thought, not "everybody in the world wants to come to America" thank God. Fewer and fewer people do. "Everybody" - that sounded like a half remembered memory 20 year old spin. The US is undergoing net migration at the moment. THAT SAID... These videos are wonderful. I love it that they are full of detail and very well delivered. I'm going to watch a few more to think about subscribing.
@joeyseeds2039
@joeyseeds2039 4 года назад
Farmers income and bankruptcy spike was also due in large part to massivie flooding in the spring that led to late planting and destruction of reserves in stills .... multiplied by early fall frosts.... 2019 maybe the worst in production from the US grain belt produced in decades .... banking on a tremendous 2020 harvest .... also take into account monsnato and company beating the shit outta farmers for decades with their seeds, GMO, non heirloom.... meaning you have to buy seeds every year ... folks you have to self educate ... why Joey ... why waste my time as you do taking hours every day 7 days a week be it 7am or 4am and every free moment in between studying this .... ANSWER ..... Because the only thing more important then health is food and water.... and money comes in close to the finish line.... health.... food.... water...... money... if these things do not effect you ... then your either homeless and already in a personal SHTF ... or your in denile .... because its just so much easier to ignore such things and live in a world of sunshine, rainbows, unicorns and blunts ! Mic drop!
@joeyseeds2039
@joeyseeds2039 4 года назад
By the way pat ... i just want to give you mad props and respect for your extensive knowledge and how well you convey and explain such critical information and insight! .... it also helps that you speak a mile a minute very clearly and take a 45 minute video and wrap it up in half the time or much less ! Your awesome ! Thanks for your time !
@Da_Champion
@Da_Champion 4 года назад
You are good at what you do Patrick but you talk too fast for an African like me. Pretty too fast to comprehend
@foomt117
@foomt117 4 года назад
how much trump pays you to say all these? is it enough to last you a life time? LOL!
@Riggsnic_co
@Riggsnic_co 11 месяцев назад
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.
@martingiavarini
@martingiavarini 11 месяцев назад
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.
@hermanramos7092
@hermanramos7092 11 месяцев назад
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
@lipglosskitten2610
@lipglosskitten2610 11 месяцев назад
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
@martingiavarini
@martingiavarini 11 месяцев назад
@@lipglosskitten2610 How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings?
@lipglosskitten2610
@lipglosskitten2610 11 месяцев назад
@@martingiavarini My consultant is ‘’Catherine Morrison Evans’’ I found her on a CNBC interview where she was featured and reached out to her afterwards. She has since provide entry and exit points on the securities I focus on. You can look her up online if you care supervision. I basically follow her trade pattern and haven't regretted doing so.
@jaxx3l83
@jaxx3l83 4 года назад
If my teacher had your kind of energy I would have payed more attention in class. Lol
@floridaboi904
@floridaboi904 4 года назад
No, you wouldn't have.
@khamispeterdaniel5201
@khamispeterdaniel5201 4 года назад
Yeah that's true Cause the way he's explaining is so interesting
@peppotguerreiro647
@peppotguerreiro647 4 года назад
LOL! @justin
@diirtburns
@diirtburns 4 года назад
Your English teacher??
@noshit1871
@noshit1871 4 года назад
and that would lead you to learn some stuff instead of listening to dumb fucks like this dude.
@ralphjosephrjm326
@ralphjosephrjm326 4 года назад
You sir are a genius for understanding all this and for being able to explain this so clearly to us simpletons.
@movie30000
@movie30000 4 года назад
Genuis? Really? His main thing is having the time and money to sit down and put this together. Money brings More money
@ralphjosephrjm326
@ralphjosephrjm326 4 года назад
@@movie30000 Being rich is one thing but being able to teach well says something more. Start living a bitter life man.
@ralphjosephrjm326
@ralphjosephrjm326 3 года назад
@Santiago Giuntoli If you want to be special then by all means man, knock yourself out 😉👌.
@girlnextdoorgrooming
@girlnextdoorgrooming 3 года назад
I feel dumber and smarter at the same time.
@tritium1998
@tritium1998 2 года назад
It's just the usual racist propaganda for dumb people to feel superior.
@abzy3k1
@abzy3k1 4 года назад
I feel like i learnt more on you tube in 2 years than my 20 years of school education
@alschbachb
@alschbachb 4 года назад
abzy3k1 couldn’t agree more school literally taught us nothing important
@frankbellomo8140
@frankbellomo8140 4 года назад
It took you 20 years to get out of the third grade that's rough
@GT-fl9gf
@GT-fl9gf 4 года назад
@@alschbachb I'm pretty sure reading and writing are important
@OnlyMuzan
@OnlyMuzan 4 года назад
The Blue spy obv... but there’s other methods of teaching that would help use our time more wisely that could help us find our passion instead of working constantly for something that could take us haft the time and we only live once
@stephenrandolph1914
@stephenrandolph1914 4 года назад
20 years later you stil haven't graduated Jr. College ? You set yourself up for that comedy not me ! I graduated in 4 years .
@nettybetty7185
@nettybetty7185 4 года назад
Which university did you go to? Me: Utube
@hamedd5951
@hamedd5951 4 года назад
Annette J how is it relevant?
@yuxiang3147
@yuxiang3147 4 года назад
@@hamedd5951 This does look like a lecture streaming LOL
@kl3920
@kl3920 4 года назад
Exactly jajaja
@vikranttyagiRN
@vikranttyagiRN 4 года назад
@Lucas James You are spot on. It all boils down to how well you know your resources
@aaronanderson8731
@aaronanderson8731 4 года назад
@@hamedd5951 how are you relivant you islamic sexist prick. Unedicated personas are not welcome in the presence of the divine rights of freedom of press and no brigade of evil can slaughter the youth of our nation....even when they come to our country as enemies....and use our resources to eat but insult us like the rabid animal you are. Dont Tread On Me 🐍.....and china can suck my nuts with my flag in hand 🇺🇸
@ChnRockman9
@ChnRockman9 4 года назад
As a Chinese, I would tell you the fact that even if these companies dont do business with China, Chinese company will eventually do their own research to make competitive products and dominate their own large market, even international ones. (Examples are 5G of Huawei, Drone Company like DJI, etc) But if they do business with China, most Chinese companies wont bother wasting their own money do R&D for new products. Cause even if they do, their price wont be able to compete with those already mass manufactured ones from western companies in a shorter timeframe. So in a shorter time-frame, the best approach for western companies are doing business to occupy Chinese market before local companies do. So in past decades, a very common phenomenon you would see is western companies sell high value-added products with a very high price to Chinese people. Then some Chinese companies who don't wanna be "exploited" would invest money to try making the same products. And once they finally do, the western companies will lower the price of these high value-added products and start a normal price war. (Though a lot western companies got destroyed this way cause they can no longer sell their products at an insane price to the world. ) But of course, there are still a lot examples that western and Chinese companies having a long-run partnership and benefiting each other, competition don't necessary means "kill" each other. For me, I think it's a win-win situation cause western companies got the chance to make huge amount of money from China and had an head start priority into the competition of Chinese market, but hardworking Chinese people got the courage to overcome technology barriers on their own. It might be seems time-wasting, money-wasting, but it's definitely good practice for Chinese companies to upgrade themselves to the same level as western ones. Anyway, Chinese companies are rapidly transferring themselves from copier, cheap brand stereotypes into innovative ones. That's what the Made in China 2025 truly stands for. I hope you find this information valuable.
@ChnRockman9
@ChnRockman9 4 года назад
@Shadow Gamer The problem is , can US really sustain the damage on itself after "cutting ties in any aspects of business" with China? Even if US can, what about rest of the world? Also remember US government is heavily influenced by US enterprises and big money behind it. Cutting ties between China wont make them happy. As long as Chinese don't do things stupid enough like Pearl Harbor or 911 which enrage the entire country of US, I don't see this kind of extreme movement can be made by US government. But, who knows? At least for now it's Trump in the white house.
@PW.Wealth.
@PW.Wealth. 4 года назад
really informative, had to watch a couple of times to make sure I understood, great video
@retsmej
@retsmej 4 года назад
this has already become my favorite channel in the past 3 days. very nice...
@DoyThinksThis
@DoyThinksThis 4 года назад
Best Current events and history teacher ever!
@waynelast1685
@waynelast1685 4 года назад
You have the best presentation style I’ve seen in long time.
@ZoranNinkovic
@ZoranNinkovic 4 года назад
You said "imagine the CIA invests in Facebook", one might add " Imagine Pentagon invest in Google"...
@ZoranNinkovic
@ZoranNinkovic 4 года назад
@Dumb Dumber Like anyone dispute the FACT that all internet giant are in bed with CIA?
@shonsimpkins3915
@shonsimpkins3915 4 года назад
As if that would happen... Ummm 😒
@azrinbinyunosyunos7707
@azrinbinyunosyunos7707 4 года назад
@Vahan Ghazarian .ok
@andreww234
@andreww234 4 года назад
They already do
@CarlosGuzman-dp2ui
@CarlosGuzman-dp2ui 4 года назад
You might want to ask have they already! Hell we don't call it fed book for nothing
@SoundMind581
@SoundMind581 4 года назад
You're very brilliant sir. I'm a big fan
@frankjay6316
@frankjay6316 5 лет назад
You said "imagine the CIA invests in Facebook".. They did.. In-Q-Tel invested in Facebook before anyone heard of Facebook
@BEERLIGHTBROKER
@BEERLIGHTBROKER 5 лет назад
He would have no idea about that.
@leonardobrawijayamrq8914
@leonardobrawijayamrq8914 5 лет назад
No they dont,thats conspiracy theory.
@garlandremingtoniii1338
@garlandremingtoniii1338 5 лет назад
Frank Jay 100% bullshit that has been debunked time and time and time again. No different than the idiots saying it’s the CIA Along with the FBI that runs the massive cocaine trade into our Nation.
@nadeemshaikh7863
@nadeemshaikh7863 5 лет назад
Link or something?
@urdbest3212
@urdbest3212 5 лет назад
CIA must have invested on FedEx which just rerouted Huawei packages to US.
@franciscocruz6726
@franciscocruz6726 4 года назад
Don't know who you are and you popped in my Q, thanx for the info, I just subbed.
@larryvonsnellzer3249
@larryvonsnellzer3249 4 года назад
Lol you idiots just lost 50 iq points watching this nonsense lol
@ThaMagnaCarta
@ThaMagnaCarta 4 года назад
@@larryvonsnellzer3249 mhm...the insult...the lack of any reason why...mhm must be the TDS... boy you better hide that there are kids in the comment section.
@INSIGHTCO
@INSIGHTCO 4 года назад
Welcomed.
@sundaykarisai7401
@sundaykarisai7401 4 года назад
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@_desertwalker_
@_desertwalker_ 4 года назад
@@larryvonsnellzer3249 Well LVS, tell us why we lost 50 iq points, I guess you did as well. So enlighten me as to why we lost 50 iq points. Or is it just the usual broad statement. I guess your own channel says it all. "This channel doesn't have any content"
@chvrleshd
@chvrleshd 4 года назад
explaining stuff with this kind of zest should be a fundamental requirement for employing lecturers and teaching staff in universities/colleges
@Allday1219
@Allday1219 4 года назад
The education system is fake
@AKhubi
@AKhubi 4 года назад
This is amazing! The content this guy created. Informative, thorough, interesting Good for you
@kennylc
@kennylc 4 года назад
Thank you, subscribed. Keep up the good work. 👍
@osse1n
@osse1n 5 лет назад
*Patrick doing it again* - translating complex topics into short and concise videos
@Bitachon
@Bitachon 5 лет назад
@@anzaldo4509 Hey Ossein :)
@Bheemagni
@Bheemagni 4 года назад
What a fantastic teacher... Love the way he explains complex topics...
@willlowyoung677
@willlowyoung677 4 года назад
Very well explained! Thank you very much.
@TSAR373
@TSAR373 5 лет назад
Meanwhile, Little Finger waiting in the shadows: Chaos is a ladder
@F15ElectricEagle
@F15ElectricEagle 5 лет назад
You do remember what ultimately happened to Little Finger, right?
@F15ElectricEagle
@F15ElectricEagle 5 лет назад
@Beck W - Please explain to me how having one's throat slit is winning.
@gecn9685
@gecn9685 5 лет назад
@Beck W in reality lol
@sohiabwadi3615
@sohiabwadi3615 4 года назад
All I know is Michael Scott was worried about China along time ago
@thomasammond7994
@thomasammond7994 4 года назад
Who is he?
@Tglass
@Tglass 4 года назад
@@thomasammond7994 Only the Worlds Best Boss Thomas!
@tompain2751
@tompain2751 4 года назад
The democrats were too!Now they're just more worried about hating/opposing President Trump.Even when they have the same P.O.V.!
@stephenchisadza4975
@stephenchisadza4975 4 года назад
Raymond Serpa - actually that is a lie. Under Obama some of that was dialled back. The difference is whether you want for it to go cold turkey (Trump) or gradually. Know that a sudden change can result in a big recession
@tompain2751
@tompain2751 4 года назад
@@stephenchisadza4975 A recession,witch is normal anyway,is a small price to pay for US dominance!China is out to dominate!
@kirkturnage3426
@kirkturnage3426 4 года назад
Thanks for spreading knowledge! Keep up the great work, brother!
@troxsalazar3986
@troxsalazar3986 4 года назад
I ended up listening to your youtube channel in one Day ! Just because I saw one of your video , You are awesome !!!
@survivingyoutoday8519
@survivingyoutoday8519 4 года назад
You are dope... a whole semester learned in 17:29 minutes. Liked!
@darkmagician2730
@darkmagician2730 4 года назад
Haha
@faith223
@faith223 4 года назад
Luka M. Boomer
@hellokitty8552
@hellokitty8552 4 года назад
He’s making a hard topic easy by using simple terms because he’ll get views/money. Professors makes a steady salary so what they want is prestige and respect so they purposely make topics harder because they want to on another level.
@sageadvice157
@sageadvice157 4 года назад
Loved!
@masterthemindsetmiggz4339
@masterthemindsetmiggz4339 5 лет назад
You have my mind racing with so many new thoughts and data I love it!!
@lamrof
@lamrof 5 лет назад
there is nothing much new he told
@maheshbiaspal
@maheshbiaspal 4 года назад
Thank you for making things so simple and helpful. Keep up the good job.
@annieb1756
@annieb1756 4 года назад
Wow, thanks for that! That was a whole year of class in 17 mins and articulated so well!
@moffatm
@moffatm 4 года назад
You made it so clear, thanks for the hardwork.
@larryvonsnellzer3249
@larryvonsnellzer3249 4 года назад
You must have very low IQ to believe this idiot lol
@larrynla
@larrynla 4 года назад
@@larryvonsnellzer3249, you don't sound so smart yourself.
@shay7764
@shay7764 4 года назад
Larry VonSnellzer it would be more convincing and reasonable if you can explain why you think the speaker of the video is idiotic?
@henrywhite9799
@henrywhite9799 4 года назад
It's all about making money. Power and politics are about money.
@animalanimal7939
@animalanimal7939 4 года назад
Henry White yes. Money is always the answer
@robloxfortnite6048
@robloxfortnite6048 4 года назад
its about what is best for America going forward
@mesochocliu537
@mesochocliu537 4 года назад
@@animalanimal7939 But once you have a toughest military power, you can grab such money from others acting as a rob, but not trade.
@sumitdhama8665
@sumitdhama8665 4 года назад
Hey Pat, You're doing a great job. keep going as people with vision are really getting you. Kudos to energy and information!
@murrayfarquhar3025
@murrayfarquhar3025 4 года назад
with social distancing going on I'm watching so many of your vids! thank you
@jaredcoleman3002
@jaredcoleman3002 4 года назад
man I love your videos they are so well put together and you explain the problems so clear
@HongLee225
@HongLee225 5 лет назад
Your research is good but you forgot to mention few things : First, there are a number of American companies that do business in China. Some of their goods are consumed in China, which are not calculated in the bilateral trade. You hardly see any Chinese companies in the U.S. but there are everywhere in China. For example, McDonald's, KFC, Starbucks, general motor,chevron, Apple,Safegate, Oracle and Tesla etc Secondly, many chinese students and tourists travel to the U.S. than that of America. The service surplus is also ignored in the export to China. Thirdly many exports to the U.S. are done by American companies so it's American companies that are benefiting. I do agree that it's a power issue. The U.S. is leading the world with its technology and made in China 2025 is the biggest threat to its leadership. If that happens, no one needs American dollars anymore. The sad part is that the U.S. has so many enemies globally. China helped America back in 2008 but once American stock bubble pops out, I can only see China shorting it further while the American government seeking fund internationally.
@thlin
@thlin 5 лет назад
Roy Blackburn KFC in china is owned by yum china which is a separate entity than yum brands in the US.
@lordsaishu9157
@lordsaishu9157 4 года назад
amc is Chinese owned
@HongLee225
@HongLee225 4 года назад
@@lordsaishu9157 already been sold by Wanda group
@richardkuban3800
@richardkuban3800 4 года назад
Yes, but these companies are disposable chess pieces. Chinese electric cars will replace Tesla made cars. These companies have transferred needed technology that will be used against them. Short term gain.
@HongLee225
@HongLee225 4 года назад
@@thlin hi mate, Chinese company pays loyalty to KFC to use its brand. They are different companies but the brand is the same.
@justice_crash2521
@justice_crash2521 4 года назад
No bias pure informative content i like you, you got one new subscriber.
@chipcunningham2283
@chipcunningham2283 4 года назад
Wow! Outstanding summation and excellent teaching skills! I’m subscribing
@jasonwashington5631
@jasonwashington5631 4 года назад
This guy surprised me, level headed, non-political, extremely informative. couple more excellent videos and ill subscribe. liked.
@thecurious_vetlife
@thecurious_vetlife 4 года назад
Great presentation and we'll thought out. Loved all the information, much appreciated
@bobbywrong1979
@bobbywrong1979 4 года назад
The O.V.V. Jon we all thought out, not true dude. I can def say I didn’t think any of this before I saw it. 😂
@nickbriggs6821
@nickbriggs6821 4 года назад
A mountain of random “facts” used for a very specific agenda, I was a little worried at first until I did a little research into this guy and came to the conclusion that he was a “don nadie” as they say in Spanish (even wikipedia is in the process of deleting articles). Even the basic economics I did at school back in the 80s was enough to realise this was a load of crap. Even Trump’s puppet in the UK, Boris Johnson, said at the G7 conference in France that Trump was making a mistake. Trump is having to subsidise American farmers as a result of tariffs and the average American household is spending more money because of the trade war, adding insult to injury for the fake tax break Trump promised them. Will they ever wake up and smell the coffee (as they are so fond of saying) I think not.
@user-qz3ez7wp1s
@user-qz3ez7wp1s 4 года назад
@@nickbriggs6821 Wise men
@chieflouie2821
@chieflouie2821 4 года назад
@@nickbriggs6821 china funded democrat?
@oyl23
@oyl23 4 года назад
Nick Briggs whos spending more money? certanly no one I know. There's not one person saying they are paying more for same products.
@jidennaofficial6832
@jidennaofficial6832 4 года назад
I swear I will pay way more to have this dude as my teacher 😂 he's so perfect in narrating issues and explaining it
@xila-man8249
@xila-man8249 2 года назад
He was so wrong though😭😭😭😭🤣🤣🤣🤣🤣
@theresasteenved5938
@theresasteenved5938 2 года назад
Successful people don't become that way overnight. What most people see at a glance wealth, a great career. Purpose is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life.
@inesconcetta2461
@inesconcetta2461 2 года назад
You are right, to be a successful person in life require him or her of hard work and time
@gedionkenet1964
@gedionkenet1964 2 года назад
The things is about been successful is working towards it and not going the other way around.
@kanuemma1008
@kanuemma1008 2 года назад
I totally agree with you it has been an eye_opening experience for alot of people.
@sharonmichelmy4302
@sharonmichelmy4302 2 года назад
investment is the key to achieving success with the current pandemic slowing down so many business.
@ericmorgan2164
@ericmorgan2164 2 года назад
@@sharonmichelmy4302 Talking about been successful. I know I am blessed if not I wouldn't meet someone is a spectacular as Mrs Madeleine latitia..
4 года назад
Actually CIA invests in tech companies, did you ever hear about In-Q-Tel?
@andrewc4606
@andrewc4606 4 года назад
Perhaps, but it doesn't mean they own 100% of the company (or even 1% for that matter) which is the point I think he was trying to make.
@fludog1
@fludog1 4 года назад
Google, facebook and others
@slydog1080
@slydog1080 4 года назад
Everybody invests in Tech Companies.Do you know why ? Because that's the fastest way to make quick money.You can also loose very quickly if you don't time your exit fast enough.
@jambojam25
@jambojam25 4 года назад
@@andrewc4606 we all know anything is privatised is going to be expensive for public whereas state owned is better off for consumers.. if facebook is working n sharing our data with cia whats the difference between own the company or not both do the same job stealing our data n information
@tunkycool
@tunkycool 5 лет назад
Thank you for this, Patrick. Very simple, clear and thorough explanation for dummies like me.
@anthonycalderon208
@anthonycalderon208 4 года назад
Pat! No one explains anything better to me than you do and I THANK YOU for that!!! Thank you!!
@madinaomonova5136
@madinaomonova5136 3 года назад
OMG!! you are great! You made it so easy to understand one of the complicated phenomenon..
@mrindia1
@mrindia1 5 лет назад
The amount of research you have done on this is freaking amazing!
@Coroneljj
@Coroneljj 5 лет назад
Thanks Patt, I’ve been waiting for this from you
@craigzilla100
@craigzilla100 4 года назад
You have a great way of explaining things.
@mohana3860
@mohana3860 4 года назад
sir, you have told the entire trade war in a nutshell. you are a great trainer i have ever watched. congrats
@driftingstrangers3877
@driftingstrangers3877 5 лет назад
Wow, I have never EVER heard someone explain something this well and detailed! Pat, you're the man!
@user-vl7uf5lu6x
@user-vl7uf5lu6x 5 лет назад
Finally an entrepreneur explains it. All I heard about the trade war was republicans vs democrats smashing on ideology. Thank you for giving me powerful insights!
@spencerm5913
@spencerm5913 5 лет назад
@Andersson Sebastian hence why he implied that all the other videos he's watched has a left/right dichotomy bias and this video brings something new to the table
@Terrekain
@Terrekain 5 лет назад
@Andersson Sebastian Pat can't go through all the dynamics - not enough time, he has other things to do, and the subject matter is vast. This is a concise overview of the dynamics, and hopefully will impel others to dig deeper in the subject. For example, this is the reason why Trump is putting up billions in farm subsidy, to help with the transition away from servicing the China market. Many farmers anticipated trouble, however, and have either phased out the crop, or sold to expanded hog farming (or gone into hogs themselves). The soy "ban" by China is partly a result of China destroying its hog livestock - apparently culling for disease, and we're talking more than 3/4 billion hogs. So the US farmer is adapting to the changing market - interesting times.
@user-vl7uf5lu6x
@user-vl7uf5lu6x 5 лет назад
@@spencerm5913 nailed it!
@geneeverett7855
@geneeverett7855 5 лет назад
It’s not biased at all Just facts Only opinion we communism sucks Well that’s a fact.
@kindafast6499
@kindafast6499 5 лет назад
Andersson Sebastian then explain it from your point of view. Oh wait, you can’t combat facts? Typical democrat
@gsweetz7230
@gsweetz7230 4 года назад
Damn! I just love the way you breaking this down, you're the best
@13ericaboss
@13ericaboss 4 года назад
Halfway they my 3rd video of yours. Very informative, impressive content.
@questioningthoughts2152
@questioningthoughts2152 5 лет назад
Your channel is so underrated in value, wow, you deliver a lot. Keep up the great work, this helps wake up the sleeping sheep.
@ike9854
@ike9854 4 года назад
KEEP UP THE,,,,,SHIIIITE
@lazylarry7174
@lazylarry7174 5 лет назад
It would've been better if this video was made by a Non-US, Non-Chinese citizen... I mean its quite obvious that this is in the US point of view. Morality is, there's always two sides of a story
@jackyang1319
@jackyang1319 5 лет назад
So do I
@aerospacesystems8658
@aerospacesystems8658 5 лет назад
He is Iranian-American
@cbbblue8348
@cbbblue8348 5 лет назад
@rb5286 Well this only reinforce the comment point, you say in us and in China, if so where do you get fact about this? You actually traveled in China and witnessed it? Nah you paranoid about it so you will never travel to it.
@gti500
@gti500 4 года назад
@rb5286 And yet the US has the highest prison rate in the world. Btw tell that to Assange.
@eddiestilll
@eddiestilll 3 года назад
ur vids r so entertaining and simple for explaining such complex and relevant topics! :)
@darlinggaming5616
@darlinggaming5616 4 года назад
Thankyou for this video, I learned a lot and it will helped me in my incoming report.
@twistedgamelogistics
@twistedgamelogistics 4 года назад
Pat is like the Jordan Peterson of economics. Simple, concise, no b.s. Subbed
@Act2702
@Act2702 4 года назад
Its because he doesn't know more... economics is not simple, he is.
@ThomasFromTN
@ThomasFromTN 4 года назад
He is talking alot of absolute nonsense. He glossed over, completely, very critical components that make up the working parts that are driving this trade war.
@deanhettig1920
@deanhettig1920 4 года назад
More like the Paul Krugman of economics! 😂 🤦🏻‍♂️ The REAL reason why Trump wants a tariff is because he owns stocks in the steel industry! Funny how he failed to mention that little fact! What a joke!
@benjaminfox2630
@benjaminfox2630 4 года назад
Calling Jordan Peterson simple and concise with no b.s is comical
@SByrd-tr1ty
@SByrd-tr1ty 4 года назад
Thank you for explaining this in detail. Much appreciated.
@TheSachinmrig
@TheSachinmrig 4 года назад
Very good, informative and precisely articulative
@user-bm4hx2go5j
@user-bm4hx2go5j 4 года назад
Trade War started because China protects North Korean fresh pussies from American Rich Elites
@KoolKatRecordingStudios
@KoolKatRecordingStudios 4 года назад
Thanks Man, Shared it, God Bless
@senitamiller7546
@senitamiller7546 4 года назад
The best information" given and explained
@unioncommodityminingenergy2632
@unioncommodityminingenergy2632 4 года назад
35 years ago when China was not on champion of world trader. Trump gave interview to one TV program, he said USA must protest Japan trade.
@burtburt2263
@burtburt2263 4 года назад
...And he was just as right about Japan at the time, as he is about China now...Ever been to Motor City Detroit? Me neither...No reason to go, all the plants are closed due to Japanese imports.
@kiyoshim9593
@kiyoshim9593 4 года назад
Japan owns ARM. If they want they could sell it to China. But they supported Huawei Ban
@kiyoshim9593
@kiyoshim9593 4 года назад
@@burtburt2263 still Japan is an USA ally, Detroit died. But not only because of Japan. FORD moved to Mexico
@dragondescendant1
@dragondescendant1 4 года назад
trump would steal and rob wherever there is money to be made.
@diegokiwi1854
@diegokiwi1854 4 года назад
@@kiyoshim9593 also Japan hates China
@onlinestorytime6875
@onlinestorytime6875 4 года назад
Will you be putting out a part 2 during the covironment?
@machitosucio
@machitosucio 4 года назад
Gained a subscription lol.. are broke it down simply..saw a couple of your mob interviews..great interview's
@FutureMastersCryptoMillionare
@FutureMastersCryptoMillionare 5 лет назад
I really like your videos. They are full of great content that I sometimes use in my webinars to teach financial education. Thank you for all.
@justlovefashiion
@justlovefashiion 5 лет назад
Thank you for explaining I finally understand much more!
@johnsnow9028
@johnsnow9028 5 лет назад
No, you are misled. To understand the truth, you should try to look at the Chinese policy document.
@user-sr8mf2vg9p
@user-sr8mf2vg9p 4 года назад
I’ve learned more from you than any other person. Ty for helping us understand all sorts of political topics.
@ragus1416
@ragus1416 4 года назад
Very nicely explained!! Good Work man!
@chaser1956
@chaser1956 4 года назад
You are so good with you very simple explinations... Thank you
@willp2042
@willp2042 4 года назад
Well this should be coming out to each and every American to understand what was/is happening to their economic. A great presentation and well explained.
@willp2042
@willp2042 4 года назад
@Jonathan B I guess you might misunderstood of my thoughts.
@ohhhyeahhh1174
@ohhhyeahhh1174 4 года назад
Bullshit America did this to itself, USA back in our day was a well oiled machine because we had the best economy in the world and the best state in the world new York and the wtc, once that happened once the towers went down everything else went down. We started doing more business with China as a helper to aid us through the cold times in our economy, and we helped China on being the #2 economy country in the world. The us economy hasn't recovered and people know it. I know my dad lost his job in 2003 due to China and them taking over the company.
@joedfazio
@joedfazio 4 года назад
Jonathan B ????????
@joedfazio
@joedfazio 4 года назад
ohhh yeahhh Trump agrees, we did this to ourselves. Now let’s fix it!
@REMOV28
@REMOV28 Год назад
This was a fantastic video. Incredibly concise considering the scope of the topic. Very educational thanks PBD
@marcosruzich7421
@marcosruzich7421 Год назад
This was an awesome video, super detailed and informative. I known its just one coment asking to do an updated one, but taking in consideration it was made 3 years ago and alot of things have changed since then I think it would be valuable informational video. Thanks again.
@JoeKyser
@JoeKyser 5 лет назад
Right on brother. When Trump says we get a bad deal, most people have no clue what he's talking about. Being in business, I get it 100%. You did a great job here
@jxsilicon9
@jxsilicon9 5 лет назад
I doubt he knows anything. But it's too late for renegotiating. Decades too late. China is spreading it's power without firing a shot.
@JoeKyser
@JoeKyser 5 лет назад
@@jxsilicon9 the it's too late attitude doest really fly. What should the USA do? Rename itself to China? Something has to be done. I agree 100% that we have taken the backseat. We have not heard anything about trade agreements in the last ten years. Right before 2008.
@jxsilicon9
@jxsilicon9 5 лет назад
@@JoeKyser There are things that could be done in increments. But a massive change would require going against US oligarchy and China. Not going to happen.
@pseudonymous8702
@pseudonymous8702 5 лет назад
but...muh drumpf stupid reality show putin puppet doesn't know what he's doing hurr durr
@jxsilicon9
@jxsilicon9 5 лет назад
@@pseudonymous8702 Unfortunately he doesn't. So he depends on his corrupt advisors. John Bolton is evil as shit. He should've been in jail after Bush admin.War criminals keep committing more crimes when you don't punish them.
@lyledrexler8278
@lyledrexler8278 4 года назад
Playing Metro is dope, gonna get some breakfast here soon
@Engel888
@Engel888 4 года назад
This was really brilliant. Thanks Pat from London
@edwardng5101
@edwardng5101 4 года назад
thank you for your info and insight. I can feel your passion in sharing provocative information as Food for Thoughts ;-)
@jinglebell9107
@jinglebell9107 4 года назад
Wow, I luv u to be my teacher in ECONOMICS. My present teacher makes me fall asleep sometimes.
@gregworrel2623
@gregworrel2623 4 года назад
This is not economics. This is well-organized nonsense. Do some more research or pay attention in class and you may begin to understand why. Here is a start: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-zv5SiQpG6sg.html
@Hydra509
@Hydra509 5 лет назад
Great stuff Pat. Always love your breakdowns.
@whoneededtohearthatderrick7379
@whoneededtohearthatderrick7379 4 года назад
So insightful and 👀 opening! Great content
@eddieboy9349
@eddieboy9349 4 года назад
Dam i keep learning alot from you pat i love your infornational videos!! I watch them all the time and they just blow my mind
@ladyknight9000
@ladyknight9000 5 лет назад
*I heard that the total trade volume with the United States is only up to 4% of China's GDP in 2018. Much less than the percentage share of Canada's and Mexico's GDP.*
@MostHigh777
@MostHigh777 5 лет назад
Oh well you heard completely wrong it's about 20% of China's GDP.not only that people in the US now or saying they will no longer buy Chinese products ever again a big problem for China because the US doesn't really need trade but China does.
@matrixfull
@matrixfull 5 лет назад
well consumers don't really get to know where parts are being made; they just know where final product is assembled. So even if they don't buy Chinese products ;they may buy American product who get 90% of parts made from China. So it's more like marketing effect than actual one if it stays at this level alone.
@MostHigh777
@MostHigh777 5 лет назад
@@matrixfull the US Congress is talking about big red labels with an extra on them for anyting made in China
@rosszhu1660
@rosszhu1660 5 лет назад
@@MostHigh777 You certainly have no idea about globalization. Try removing everything made in China from your home and see how many items left. All governments are evil if you give them more power. Yesterday it was CCP, today it is Trump administration.
@MostHigh777
@MostHigh777 5 лет назад
@Szilárd Maku another ignoramus. The current price differential is $84. It was 212 24 months ago. When the robotic factories get here they'll be no reason to manufactured in China at all.
@darthneph4900
@darthneph4900 4 года назад
Your channel is why I still use RU-vid. Thank you. Subscriber now!
@gandhiireifej1941
@gandhiireifej1941 4 года назад
Wow. Amazing Good job.
@Novelera05
@Novelera05 4 года назад
I also subscribed today, bc he’s fair, honest. Very informative.
@seankgomotso
@seankgomotso 4 года назад
thank you. very informative and detailed.
@bosssuperace5230
@bosssuperace5230 4 года назад
Great lecture! I like you style. Please keep up the good videos.🤙
@eelsoirdor3573
@eelsoirdor3573 4 года назад
Chinese gov is very authoritarian, and chinese people have experienced much poorer conditions in their lifetime. US people are not used to poverty, they will put pressure on the goverment to give in. It's a bit like Vietnam: US did not lose because they lack military power, US lost because they lost support at home.
@areskrieger5890
@areskrieger5890 4 года назад
We don't remotely need china though, our economy isn't primarily based on our trade with china as we buy things from them rather than selling, what china makes mostly is lower quality items at extremely low prices the majority of which are non necessity and have alternatives, most of these alternatives cost more but that isn't always true and often the reason things from Korea or Japan cost more is due to the quality of components and of course labor (but with most chip/capacitor factories being automated that's a small aspect with electronic components which is the primary chinese good)
@BTriumph365
@BTriumph365 4 года назад
You are right Rodrigo, also Chinese are used to dying by the millions because of what their one party system does and keeping their mouths closed by fear.
@johnbasiglone1219
@johnbasiglone1219 4 года назад
Thank you, very well said. As a military officer and aviator, I have been throughout the world, from the Prime Meridian to past the International Dateline, From Fairbanks, Alaska to Kito, Ecuador. I have seen how in general terms and per capital, the American people have a very good standard if living. People in other countries tend to make do with what they have and don't squander or waste their personal resources on frivolous items. Recently, I was a Building and maintenance director for a relatively large school district. It was very irritating hearing teachers and administrators pissing and moaning because some of their offices and classrooms were 74 degrees, rather than 72 degrees. Yeah, they would constantly complain the room was too hot when it was 74 degrees and some complained when the rooms were actually 72 degrees. We would show them the T-stat was displaying the correct temp as compared to our calibrated instruments. This bitching about room temps is very frustrating for my men, who at times are up on rooftops for several hours a day, where rooftop surface temps exceed 140 degrees and the air temp is inside the parapet is about 110 to 120 degrees. This is just one of the countless examples of symptoms demonstrating the weakness of the new candy ass American character. It really is telling, just how soft and sissified the American public has become. This glaring reversal of the traditional American character of 'rugged individualism' and pioneer spirit has been completely engineered and insidiously and innocuously executed. To meet their Luciferian goal of a One-World- Government and religion, the traditional concepts and notions of American liberty interests must be lambasted, ignored, removed and reversed. Part of this process has been the degradation of the image of the 'John Wayne' patriotic, all American personality type; this image has been replaced with the metro-sexual or the phony G.I. Jane or Captain Marvel psyops. I can tell you from first hand experience, the military has made huge accomodations and lowered standards and softened up training and operational regimens to attract and allow women to function in the combat billets. The men who fought in places like Bastogne or Iwo Jima would cry in anguish to see or learn what has happened to their military. The average mentally lethargic American will still remain ambivalent and uninformed because their bellies are full. Ultimately, when the Second Amendment is removed and other 'thought police' legislation is enacted and when they have mostly everybody by the balls(chemically induced tiny balls), the draconian Agenda 21/Agenda 2030 edicts will be forced upon the public; then when their bellies are no longer full, the public may start to wake up, but by then, it will be too late.
@meo1829
@meo1829 4 года назад
TK Baha those are the people that are gonna stepping on you
@10244325
@10244325 4 года назад
Browsing the comment , it's always so eye-opening to see how ignorant American can become.
@Caaarooo_0
@Caaarooo_0 5 лет назад
Thank you so much this is such an informative video!!
@wenwenyu7310
@wenwenyu7310 5 лет назад
Good job USA! Keep scams the whole world!
@johntaveney9739
@johntaveney9739 4 года назад
Pat, thank you again for another insightful video.
@RudyPJR
@RudyPJR 4 года назад
Great content! Very informative 💯🔥
@joebrose1779
@joebrose1779 5 лет назад
This guy has always been concise- Love him- Keep up the good videos Pat
@BizAutomation
@BizAutomation 5 лет назад
The best presentation I've ever seen on this topic. No ax to grind, just the facts. Kudos to you sir.
@sandracerda7696
@sandracerda7696 3 года назад
awesome energy! keeping me interested. Helped a lot!
@ahmadkhashai7758
@ahmadkhashai7758 4 года назад
I am a trade consultant in Iran. You are great in explaining various subjects, keep up the good work.
@felixreyes3619
@felixreyes3619 5 лет назад
Thanks for explaining this subject Pat! Its a really confusing one.This is definitely more than just a Trade war...
@felixking2546
@felixking2546 5 лет назад
Felix!!!!!! Great name bud!
@misterrightfix4129
@misterrightfix4129 5 лет назад
How so???please elaborate on that.
@felixreyes3619
@felixreyes3619 5 лет назад
@@felixking2546 hahaha indeed! Likewise bud! Fun fact my last nmae means kings in english. 😎😎😎
@felixking2546
@felixking2546 5 лет назад
@@felixreyes3619 If you like this kind of stuff and enjoy a different point of view I suggest you check out the Peter Shiff show on RU-vid. Any terms you don't understand just Google it, but its pretty down to earth and informative. Asta luego ermano!
@chozenservant4232
@chozenservant4232 5 лет назад
Thank you Sir. This was very informative. Much Respect.
@joedean8017
@joedean8017 4 года назад
This is by far the best and most important Chanel. Anywhere
@Hevletica
@Hevletica 3 года назад
Great way of breaking concepts. Mr. Patrick knows how to interact with the topics he's dealing with. Vivid explanations. Well done.
@user-dq4vt6ox1c
@user-dq4vt6ox1c 5 лет назад
Good looking out. Great examples used. The car example specifically. Keep putting out quality content and we'll keep watching.
@L30n4rd0M4s
@L30n4rd0M4s 5 лет назад
Congratulations on the excellent analysis!
@ceez3317
@ceez3317 5 лет назад
why would you say "congratulations" lol makes no sense
@L30n4rd0M4s
@L30n4rd0M4s 5 лет назад
@@ceez3317 That's what you usually say when you want to congratulate someone for something well done.
@benggamaha5191
@benggamaha5191 4 года назад
thankyou for the study
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