What does America Produce? 

Belarusian, not Belarussian. Because the country is Belarus, not Belarrusia.

Boston is a great town, I lived there many years, and life is sweet. Check out Boston harbor islands as a day trip; use to play chess in Cambridge Square.

@@Alex.KalashnikI’m a Tennessean living in Nebraska and the first time I went into a NFM (Nebraska Furniture Mart) store in 1981 I was amazed…..I’d never seen anything like it and going to NFM is still one of my favorite things to do. The lady who started that store was named Rose Blumpkin and I remember her driving through the store on a scooter asking people if they were finding what they were looking for. - Anyway, Rose Blumpkin was born in a little village in Belarus, USSR and she and her husband escaped and made their way to Omaha. When Rose became a rich woman, she snuck back into the Soviet Union and got her parents and snuck them out (she bribed a Russian border guard with bottles of vodka). She was a character and I think there are several interviews she did here on RU-vid. Anyway, she eventually sold NFM to her good friend Warren Buffet but she continued to work there, being in charge. Everytime I hear of Belarus I think of Mrs Blumpkin. I’m glad that you are having a good life in Boston!

Wait until the money printing stops in the failed States of America and see how you will love your life.

Hi in boston I'm happy glad you are well

So don’t starve, allow Ukraine to supply you with food (the Polish agricultural sector will indeed be destroyed, but this is for the sake of peace!).

@@Алексей-ч2ф9л - no, we are not going to destroy an entire commercial sector in one country just to save another country. This is STUPID. Ukraine was selling its agricultural production before getting invaded, and it can continue to do so now after the invasion. All of this can be done without sacrificing any other country.

@@28pbtkh23 The main market of Ukraine is Russia, but it seems to have come to an end.

Same here!

Me too

Thank you.

Thank you Joseph

I send my greetings to the Philippines. You definitely need help from Uncle Sam to help you defend yourself against territorial claims made by the big bad dragon in your area.

Is there a lot of BS here or do you just wish there were?

Arend Feenstra amazed me he did that, I was thinking someone paid him for that move, I lived in Eastern Europe and traveled, only the free countries are good to live in. Russia no, Poland yes.

OMG, about the time he moved his family over there his videos were popping up all over my feed. Which made no sense and I started wondering who was paying RU-vid for that feat. The same thing happened last year when the Johnny Depp/Amber Heard thing was going on…..later I found out that JD’s public relations team did that (paid big bucks to get his side of the story to as many people as possible). I have to wonder who paid for the Feenstra videos to be so prevalent because there was no reason, with my viewing history, for his videos to keeping showing up for me.

@@crystalbluepersuasion1027 - great post. I often wonder why certain videos turn up in my feed. I am now getting loads of videos on Ramadan, especially adverts, which is damned annoying. Someone is pushing this garbage.

Sure, everyone moves production to a Communist Country who is intelligent.... NOT !!!

Agree.

What he says is true - up to a point. We can't all code or work at 6 Flags. In fact, 60% of Americans over 25 do not have a 4-year degree. Those people have to have meaningful work and waiting tables for the other 40% won't do.

@@dabrack9350 thank you. After many years of struggling.. at age 39 I learned sth very useful and very tangible.. do 500 multiple choice a day Since then I would pass certification exams in 2 months while others take 8 months to one year I became a computer consultant and never looked back The downside is very boring And I work 70 to 90 hours a week

Kirsten, Yes, all will be good. Putin is a current manifestation of darkness in this world. Yet light wins over darkness. Darkness has its day and people start to lose hope, but do not. Have faith, and wish love and compassion on all people and life will be sweet for you. Thank you, Mark Denmark is an amazing country you should be proud of.

Thank you very much for your answer. You explain difficult things in a really good and understandable way. Yes, I am happy to live in Denmark. Thank you 🙂

@@kirstenberg4869As a Ukrainian I’m very grateful to your country and your people. We are getting so much support from you. Believe me, it won’t be forgotten for generations.

I wish I could say the same about the US. They went very quickly from “we will support Ukraine as long as needed” down to basically zero aid. Their politics care much more about their own ambitions than on supporting allies and keeping the word you gave to them. In 90s Ukraine let got the 3rd largest arsenal of nukes in the world in exchange for those empty promises. No other country in the world will believe that BS again. Meanwhile my people are paying the price of the mistake by hundreds of thousands of lives, destroyed cities and destroyed families.

Short people tend to have lower IQ's, elevator shoes Putler is not as smart as everyone thought obviously.

You really got the point. As long as the dollar is accepted as a world currency, America do not need to produce anything to stay rich. But Putin and his MAGA fans will change that advantage.

@@maritaschweizer1117 That's why Russia let NATO got those $300bln😎 The whole World can see now that dollars are not safe to keep🤓

StPier. Oh no. The Russian propaganda media got mad about the seizure. Just last week half a douzend dictators complained about the idea to seize the frozen assets. There is simply no alternative to Dollar and Euro. Remember how fast confiscated all assets of Western companies? The alternatives are all less safe.

Thank you very much sincerely Criss

Yes this is done not on Capital Hill but by people changing their attitudes and through creativity and entrepreneurship strive to make the world a better place.

💯💯💯💯

right ! very educating and interesting ! one of the few youtube recommends I'm happy with lol

I wouldn't! I work with a lot of smart europeans and indians every day.

A lot of Ukrainian programmers do work for western companies.

US and these countries, they are our friend right, so all is good. Poland, Ukraine, Baltics, India.

@@EconLessonsI wouldn’t count on India that much, they have their own agenda and a memory of occupation by the UK (another country from the Western block). Don’t forget that India buys ruzzian oil, giving more $$$ to burn for the war.

And you will be even more surprised to learn that RU-vid runs on a Russian web server.

The dollar has discredited itself in the financial market, they simply stole 300 billion from Russia, who will trust you after this?

change the mentality,encouraging young people to be brick layers instead of doctors , sure...lol no brick layer ever encouraged his kids to become a brick layer instead of a scientist

@@titanicisshit1647 Science is not for everyone.

These are mostly companies I hate. Bleah!

I’ve been watching Russian RU-vids since about 2019….before the war. They live worse than my great grandparents were still living when I was a kid (and I’m an old woman now). Outside Moscow and St Petersburg, Russia is a dump. And those in the city trying to buy apartments are in debt because even before the war their interest rates were sky high and the hoops they had to jump thru paperwork were ridiculous. It’s also way easier to get ripped off.

@@crystalbluepersuasion1027 You look at your recommendations and the authors of these channels, as a rule, do not live in Russia.

That export-problem will be solved as soon as other countries stop importing debts. It won't be long, probably.

@@winfriedbij684 Yes, I believe you are right. Another name for a global halt of importation of US debt is "Systemic Simplification", I just made that up, otherwise known as collapse.

You can't fix the debt, it's increasing by a Trillion Dollars every 100 days, it's a mathematical certainty that it can only get worse. I think the plan is to try and deliberately impoverish so many people that they beg to be saved and the "reset" will be sold as the answer to their problems when in fact it's the only way out for the banking elites if they want to wipe the slate clean, flip to a new financial system and still be the ones in charge of it.

Look at Debt to GDP. And Japan has a super high Debt to GDP but super high life expectancy, russia has a low debt to GDP but a low life expectancy. So money its not everything friend.

Life expectancy gains are good, yet need to be compared to population replacement gains. With such low birth rates in the west, and shrinking employment base, immigration is needed to avoid stagnation of GDP/Debt ratios. Long term macro planning is the way to security, safety, influence in the world. The massive budget shortfalls lead to infighting over funding. The fringe elements of society will be emboldened in the economic disarray in the decades ahead. Thank you for your economic outlook, and sharing your videos.

@@acoustiquila Life expectancy is going down in the US, the policy of the last few years has knocked a couple of years off average life expectancy.

@@acoustiquila The debt will rise in my opinion cause no politition will get elected by saying they will make big cuts. They need to imingate people with higher IQ's for better produtivity and lower crime.

I love Texas, You know it, the US produces amazing quality and quantity. My house, my car my appliances, my food etc all made in America.

There is no need to be shocked at the title of the video. It asks a reasonable question that a lot of people have asked. They ask themselves this question because there have been so many idiots in the past 30 years who have said: “America is finished. America doesn’t produce anything anymore.” It’s good to learn that they were wrong.

I respect anyone that works hard.

In the 2008 sub prime crisis the US was 15 mins away from pulling the plug on the entire Western financial system. Countries like China that are holding trillions of US debt would have had it all rendered worthless at a stroke and it's ever since then they and the other BRICS members went looking for an alternative and began de-dollarisation. The Saudis also faced this but their peril is compounded by the US and their stated intention to go green for their future meaning there is no place for their main export namely oil so the petrodollar is effectively dead. I don't think US citizens have any idea what kind of future awaits them as the world turns it's back on their Dollar hegemony.

Life in America is pretty good despite monetary issues, this is because innovation and technology. Don't you think life in the US is good, you personally?

@@EconLessons Even if you can't put your finger on what it is everyone should have noticed by now that something is "off" with the world, last few years especially. "The closer the collapse of the Empire, the crazier its laws are." - Marcus Tullius Cicero.

I’ve noticed that the younger generation hasn’t been taught personal financial habits. They want something, they buy it immediately even if they have to charge it. And they’re really into “keeping up with the Joneses” and destination weddings (is there anything more selfish and wasteful than a destination wedding). They watch fake “reality” tv shows and thinks that’s how they’re supposed to be doing things.

@@EconLessonsMaybe I'm just getting old and grumpy. I feel like America isn't the happy and prosperous place it once was. America has been good to me but ever since COVID America has been declining at a sobering pace.

The point being smart people from Russia but they have to move out to do anything as it is so repressive. US is a great place to actualize your dreams. Russia is a place you hope someone in power does not take note of you, you have to keep your head down and live a quiet life of desperation, until they come for you.

​@@EconLessonsIn Russia they dont have money to invest the same rate as US which has the reserve currency of the world and can access the savings of every country that uses dollars

@@afreire239 By using the dollar as a foreign policy tool, you have dug yourself a pretty deep hole.

My family lives in the UK, the poor there have flat screen TVs, good food and cell phones , nice comfy beds, good medical, and travel and good access to plumbing unlike Russia

All of the Americans who think their own country is a terrible place have led terribly sheltered lives. They've never been to a poor country. I remember a couple years ago some drama queen on our condo board was crying about how our complex looked like a "slum" because some people had five or six flower pots on their balcony where the rules allowed them one. Now we're not a luxury complex, but it's clean, well maintained suburbia. I had just returned from Hanover and Westmoreland parishes in Jamaica, and I told them they have no earthly idea what a slum really is. They would curl up in a ball and whimper if they spent a day living there outside of the tourist resorts, and they were not even, by far - the worst places in Jamaica and Jamaica is considered a middle income country. People have no concept how most of the world lives.

@@kenofken9458 i agree with you i know people from african countries and they had real poverty

First, I love Sweden and doing my thesis on Knut Wicksell a Swedish economist. This is the nature of complex capitalistic economies we all rely on each other, nothing wrong with that, comparative advantage. However, it will not melt down, humans have a knack for mitigation and problem solving. But lets say it does, worst case, and I am talking dystopian, I think Sweden can be 100% food independent, right? So much land, and good land and so few people. They could get food from Ukraine, Poland or Italy or Spain or other place. Once you have houses and food and gas from Norway, your life is pretty good. Bikes are pretty easy to mitigate, many bikes made in Italy and France still, and if not, bikes still exist and can be repaired. Clothes, you can make your own clothes. We do. We grow our own food. You do not need a lot to be happy. People did it for 10,000 years. Growing food and making clothes are pretty easy things and life when it is simply is often happier. But it will not come to that. Nothing is going to collapse. There might be some inconveniences at best but other countries are stepping up. Many things are made not in China any more. My GoPro I film with is made in Thailand. The world adapts and changes.

@@EconLessons From your videos, studying Wicksell makes sense, as he was also educated in math. If the Swedish government made some changes, Sweden could be food independent. Prior to joining EU, there was something in law about being 95% self reliant. I don't know details. There is not much available land. I was informed a couple years ago that substantial land was sold or leased long term to Iran. I think it was related to climate change in Iran. Thinking on intangibles, banking is a bit different here. Daily life revolves around Swish and BankID. Pretty much required to live here, despite no one really knowing much about either.

@@EconLessons It is difficult to get food from Ukraine, Poland is not allowed in, tractors are blown up by mines and other not very fun “joys”.

Small is beautiful, economics as if people mattered, you do not need large corporations to bring your ideas to fruition, most people including myself do it yourself.

I studied a little economics. I think the reason is GROWTH, the dollar is just a unit of exchange, I think the mistake you (and most ) make is thinking that "the unit" should be constant rather than a function of prosperity. ( US and the World is more prosperous than 70 years ago). Money is just a mechanism of exchange to transfer value, like grease in a machine, it is not the machine itself. If America feels poorer than 1950's when a skilled factory worker could have a very comfortable life... the World has changed. 1 billion people have been lifted from poverty, in 1980s there was always a famine somewhere in the World. If you have cash in the bank (value not doing anything useful) it will be eroded by other peoples economic activity.

another thought ... the FX markets (USD vs any other currency) suggest that there is not TOO much money printing, the USD is still in demand. EVERYTHING is relative.

I am not a fan of fiat currency, but to deny the demand for US$ is like claiming that gravity doesnt exist. Conspiracy theorists claim that this is due to Americas militaristic protection of its monopoly on global currency- but i dont agree. Having lived in Zimbabwe during the worst hyperinflation- the demand for US$ in that country is the one thing that you can (officially cant) bank on there. And this is anpart of the world where there certainly wasnt a supercarrier waiting to fly bomb laden f18s- although many of us wished that the US at least threatened the Zimbabwean government with that. Perhaps a real measure of a country's relative wealth and quality of life is the desire of foreigners to immigrate to that country. I am a huge admirer of the US. It pains me to see loony lefty congressmen (women) disparage the US and laud socialism and centralised control. I know many people who live under those systems that would gladly swop places with them if the US is really so bad...

@@garethbarry3825 Import the third world become the third world, if the US has an "empire" which I maintain it does then what stage of empire would it be in? - It's been through decadence and is now in decline and collapse.

@@andrewboddy2791 Absolutely nothing is real today though, the economy broke in 2008 and they have been papering over it ever since. Zero and near zero interest rates have destroyed it, companies buying their own stock to inflate share prices or buying up the competition to carve them up etc, instead of investing in the future and better practices, billionaires being able to finance vanity projects they would have previously had to forgo. There has been a real cost to making debt have no cost for a certain protected class. They all go to Davos and collude on which currency is going to be debased in which order to slow the race to the bottom. The Dollar will be the last to go but the flight to it from all the other currencies won't make it of any benefit to the average US citizen.

I would like to do a video on Dalio sometime.

@@EconLessons - please do it!

I love that you use Linux, I would take Disney channel and Star Wars any day.

Remember, 1950-1970 the whole world was destroyed and we did not have the competition we have today. But competition is good. Remember the cars in the 70s they are nothing like the cars we have today.

I loved in downtown Boston and grew in pots. You can grow a lot in an apartment with imagination.

Except for the fact that Thomas Malthus was wrong. While coasting on our bike down hill, we are inventing electric bikes for the uphill time. But good point and I will consider it - thanks Alex. :)

In general, it’s strange to see combat veterans as homeless people; even such a backward country as Russia treats its own better.

The United States made a big mistake and decided that they could manage the finances of other countries.

No, this school of economics is closer to real life than any socialist or left-leaning drivel that we see on RU-vid today. Some English bloke called Gary, a former trader, is getting popular, but he makes assertions that he can’t prove.

You are looking at tangibles around the house. The US produces Google, do you use Google or RU-vid? Maybe And you use or something called Windows or Mac OS? Have you ever streamed a movie or TV series or read a book? Pharma is all US innovation? Check your beef or food I bet a lot is still US unless or gas at the pump or was your house made in China?

​@@EconLessons I don't disagree with what you have stated. Understand that we the people are given mixed messages and many times we are not given the whole truth, Various polls indicate that over 80 percent of Americans don't trust their government, mainly because our so-called representatives have agendas that cater to special interests rather than the people. Because I come from a data processing background where accuracy is paramount, I have no problem adjusting my views based on the facts. But what are the facts? Different politicians will give you different answers, and they all have "experts" who will back up what they say.

America is the land the free and we make amazing things here. You appreciate it when you return from a place like Russia.

@@EconLessons never bin to Russia just did buznes in EU as middle man. Buzines with Russia is dead thou. Trade is gone. Things simply moved on. It was so fast in EU. New supliers and clients. Things just moved on.

I am not worthy, but I am a follower.

Maytag is still made in the US even though it is owned by Whirlpool, One appliance is made in MX, they have different production plants. There is a lot made in the US too much to list. But like I said, my house, car, appliance and food as well as other things are made in the US. Those are facts.

@@EconLessons Sorry, I work and have worked in the appliance business for thirty-six years. Maytag WAS a Newton, Iowa based manufacturer. Whirlpools assembly maybe in the factories in the US ONLY to the the extent of assembly. They rarely use companies like Eaton anymore. Their components are all manufactured in Mexico and Asia. This is substantiated by the fact that CHINA closed down during the cervezza sickness and we didnt have any components, especially electronics for appliances AND automobiles... by the way, i work for WP, GE ( NOW a CHINESE company, Electrolux which is Swedish, LG and SAMSUNG as well as Thermador, Bosch, Gaggenau, Siemens and Miele ( as well as some off brands like LaCornue and Bertazzoni ) ...

@@jarcadipane2849@jarcadipane2849 I looked up the specific serial numbers, traced it to the plant, and called Maytag to confirm. You can use serial numbers and product numbers to track down the manufacturing facility.

Question, what time period would you like to back to, where it was better than now in the US? Be careful for what you wish for friend.

I would say around the 1990 to give you an economic answer, when America faced a fork in the road and choose to side with the have rather then the have not and things have never been the same. When Bill Clinton was elected, and although as a socialist I would agree with Democrats more that was the time when Bill Clinton rather cynical “ third way politics” got NAFTA an economic dream of the Republicans since Ronald Reagan, well that when he got the Democrats to legislate that in to law. Of course the Democrats had a figurehead to head up the executive branch, that when a decades long majority by the Democrats was lost in the legislature, as they would never again become competitive in rural districts again. Of course about the only thing Bill Clinton, managed to achieve, and I might add rather cynically was to get himself elected Presidents as Democrats might not stand for anything anymore but at least after many presidential elections gone to the Democrats before Clinton, he was the first one famously to be elected for a second term since FDR, selling their working class base out and the legislature out in the process. Now like Jimmy Carter Democrats only have a chance of winning when the Republicans overreach ( cough Woman rights) or prove to be the sideshow that they truly are ( Cough Donald Trump). I mean Obama had to be elected in the midst of a bridge collapse right in front of the RNC show at that time Minneapolis, the failed Iraq war, an and the 2008 bank crises ( a bank crises that the Glass Steagal Act which was repealed under Bill Clinton would have avoide, but I’m sure I don’t have to tell you that). And then what did Obama stand for a Healthcare Act that was nothing other then the Heritage Foundation answer to Hillary care in 1994? And then when it passed at least did any democrat run on the achievement, or did Republicans about forty or fifty times try in vain to replace it, well imagine if democrats spent a quarter of the legislative time trying to make the bill better, then to virtually run and hide from it? What does Joe Biden stand for, other then he is not this grotesque figure in Donald Trump? Does our politics offer any change in direction then just simply concentrating wealth ever higher to the top? @@EconLessons

@@EconLessonsWhy is the choice limited to going backwards? Can't we go forward with a modified set of economic rules that favor the multitudes? The fact that people who work full time cannot afford housing is disturbing. Some say the system is rigged. Let's re-rig it to maximize the common good.

@@EconLessons Good video but..... There is too much money in congress from the monopolies and corporations destroying the mechanisms of free enterprise and free markets. There is just as much corruption in Communism/Marxism as in Capitalism. That is the problem that no one addresses. They are too busy protecting their world view bubble. The politicians need to be de-funded! Academia teaches how to shuffle and transfer wealth and too little about creating it.

@@daniellarson3068 At this rate, you will soon come up with communism))

China was added about 30 years ago as a bottom layer to the Western financial ponzi scheme, without China it would have died then. Kissinger did the deal, China would get the technology and Western assistance to make their manufacturing base viable and they would implement the one child policy and buy loads of US treasuries in return. Today they cannot stop the monster they created but always seem to forget CHina never stole our lunch we gave it away to them.

I would rather live in the US than any despotic countries, the consumers may have goods there but not incomes.

@@EconLessonsRight - There is more to the world than the production and consumption of goods. There is the quality of life.

Yes farmland is being exported. China is buying it up

Are you kidding? None of this companies invented a new product. Ford copied the invention of Mercedes. DISNEY produce a lot of bad illusions. I never bought an apple product and have no desire to change it.

Yes, 100% I can't belive how many people go to the doctor for a simple cold or flew or just not feeling good that week and end up on statins and three other kinds of drugs. Oh and take note the doctor always says " don't stop taking these pills until you talk to me first". I told my doctor I will let you know in advance when your BIG PHARMA / FDA cash cow is getting cut off. I'm 64 and I don't take a single prescription and never been JABed either and I feel just fine no need for a doctor to poison me for his/her profit.