Since 1990, Economist has been predicting the collapse of China. Since 1990, the size of Chinese economy has been multiplied by 30 times. That's 3000%.
That may be true but currently China is having a lot of internal problems and a massive aging and falling population. These were not a problem till now.
@@Gaanjalivesmatter The same problem they pointed out 30 years ago😂 Plus, taken account of the technological advancement in the time we live in, these last-gen economist’s analysis need to be received with caution.
This is the type of 'feel good content' to make yourself happy when your wish for China's collapse is unlikely to happen. Here's why: - 1. China is not Japan, It is 25 times bigger and has 10+ times more population than Japan 2. China, unlike Japan, is not directly control by US. America cannot suppressed China's growth as they wish like they did to Japan. (Even now US is doing everything to stop China's growth but there is big limitations - as China is NOT JAPAN both in size, scale and power) 3. Unlike in the 90's, USA is not the only superpower now, the world is multi-polar today with many mid powers and great powers. Countries are not afraid anymore to go against US bullying nature, and therefore US cannot deter China like they did to Japan in the past. Time have Change folks. 4. China is not just a country, it's a civilization of thousands of years, they know how to raise the game when face with difficult challenge. 5. China has been warned about their collapse since the 90's (like this video) and here we are today, China have only grown to become a superpower, despite all the warning, and crying and moaning from the west. 6. The west will be crying for China's collapse even in 2050, so nothing new, or nothing to be surprise here! 😄😄
Well said. I don’t know what China’s future will be, but I know it is a massive nation full of hard working people who want to improve their lives. I also know the US is scared of losing its hegemony and so is resorting to insults and desperate sanctions to reign in its rival.
You're missing an important point. China is a highly centralized communist state, which means the United States cannot force the CCP to make any concessions.
@@umbriel7740 -Full of hardworking people -"Lay-flat" and "let it rot" continue to exist. They're like everyone else; they're only going to work hard if the rewards are worth it.
I from south east Asia and travel to China about 4-5 times a year. The ignorance of so many westerners is truly an amazing thing. Like it or not, China is still a developing country and they're still growing fast. In recent years, all the western media has been on steroid about the fall of China without telling the truth about China economy to their audience. For non western people that understand China, we can only guess why they're keeping that away from their audience. The global south especially China has learned a lot from the west but western people never bothered to learn about other part of the world. My guess is that their biggest hurdle to learn about China is to learn mandarin in order to be able to read. 😅 But one thing I'm sure is that in the 90s the Economist had been saying about the collapse of China economy. My guess is they are probably right and they will have to wait until it's proven for them to be declaring that they were right. I'll just say this part of the equation for now, people like me already knew about a property trouble in China back in 2018 as we pay attention to the Chinese leaders, covid came and it got delayed for 2 years. If you want to understand China influences, travel around south east Asia and don't just listen to bloomberg or WSJ. ❤
China is the present and the future, anyone that denies this is deceiving himself. The US is evil, and they will try to go to war with China over Taiwan (they travelled to China recently to threaten Chinese officials over their business policies). BRICS block is strong and will grow. Welcome to the world, the old world is dying, Western nations will be poor and somewhat like 3rd world countries with the mass illegal immigration that they are allowed to enter.
That’s why they couldn’t beat China using intelligence it’s because of the language and culture I think, I also travel to China 2 or 3 times a year and I agree with what you said, it’s still a developing country and there’s still a big work to do due to it’s bigger surface area.
If you want to learn what happened to Japan and why Japan’s economy started declining. Talk about the Plaza Accord signed 1985. The US is now trying to do what it did to Japan “ containment” of its growth.
This is the type of 'feel good content' to make yourself happy when your wish for China's collapse is unlikely to happen. Here's why: - 1. China is not Japan, It is 25 times bigger and has 10+ times more population than Japan 2. China, unlike Japan, is not directly control by US. America cannot suppressed China's growth as they wish like they did to Japan. (Even now US is doing everything to stop China's growth but there is big limitations - as China is NOT JAPAN both in size, scale and power) 3. Unlike in the 90's, USA is not the only superpower now, the world is multi-polar today with many mid powers and great powers. Countries are not afraid anymore to go against US bullying nature, and therefore US cannot deter China like they did to Japan in the past. Time have Change folks. 4. China is not just a country, it's a civilization of thousands of years, they know how to raise the game when face with difficult challenge. 5. China has been warned about their collapse since the 90's (like this video) and here we are today, China have only grown to become a superpower, despite all the warning, and crying and moaning from the west. 6. The west will be crying for China's collapse even in 2050, so nothing new, or nothing to be surprise here! 😄😄
Japan didn’t have too many choices. China is much different in both of political and economic. China don’t and will not sign any treaties as the Plaza Accord. Also China market is big enough and supply chain is most self efficient, west sanctions could not work on China.
Japan is a U.S. colony, has U.S. military base stationed, can’t make independent decisions for its very own benefits. Germany is in the same situation, exactly why they can’t complain about what happened to Nordstream. China is completely different.
China has 90% of its groundwater poisoned, over 1 billion empty ghost homes, and you all like relations with farm animals….nobody likes the CCP, nobody
@@王义竹 Not really, The Japanese i've spoken to have accepted that reality. I live in Australia and i've accepted that we've become a U.S vassal state and have to fall in line with their nonsense.
This is wrong. China is not following USAs rules like Japan did with the plaza accords and still do today. China is quietly observing and ensuring they don’t do the mistakes USA did
China is not a threat as an economic power in the near future. The threat is more military/security. Will CCP engage in military confrontation to distract ppl from sluggish economic outlook?
@@king-fisher Yeah, as is every economy currently. Germany has no access to cheap fuel since the Nordstream blew up, thus will need to bring it's manufacturing to the US. Japan's Yen is crashing and might need to do something similar as well. Europe is screwed as a whole. So what's your point? If it's Evergrande and the housing bubble, China is handling it in a way that the US and the West would never do, and that's let the companies fend for themselves and receive the reprecussions for creating such a giant ponzy scheme. If it's their population, yeah, that will create trouble, but mind you, they still have four times our population. Oh, and they also have ALL their manufacturing still there. And Huawei just released a phone that surpassed their expectations. The US has VERY little manufacturing anymore, with our main strength being the military industrial complex. So... anyways... what's your point? Nearly every nation is in the toilet right now lol
@@mrsimpleslowmo these bots spew out their arse, they didn’t need a military after ww2 thus freeing a lot a capital and all other conflicts where the they provided and got paid for during the Cold War.
@@mrsimpleslowmoLol😂. The plaza accord deal started a negative domino effect in Japan. After the deal was signed, the Japanese bubble burst happened, as a result Japan's economy became stagnant. The companies couldn't increase the wage of their workers while the price of products were increasing every day. Average Japanese graduate was making 1700 USD in Tokyo in 2022. The rent of one studio apartment in Tokyo was around 870 USD in 2019. You also have other expenses. So a young Japanese don't have enough money to buy home, get married and have kids and it has been that way since the 1990s. As a result even if an average Japanese couple married, both of them needed to work to meet their expenditure. Anyone who knows about the workplace culture in Japan knows that it's hellish. So after a long day at work, none of them would have time or energy to do romance. That's what the plaza accord did to Japan. But I guess your highness have a very big brain unlike us to understand Japan's economy. Btw here's something for you. www.bloomberg.com/news/articles/2024-02-16/german-direct-investment-in-china-rose-to-record-in-2023
This is incorrect. China is still developing economy with 1.4 billion in population, large land mass, rich in natural resources and own so many leading high techs.
Japan is not an independent sovereign country. America owns Japan. The United States tells Japan what industries it cannot develop, and Japan must obey. This is the reason for Japan's economic recession. Unlike Japan, China is an independent and sovereign country and has nuclear weapons.
@@pjw3438 With all respect I disagree here. The Plaza Accords had a limited effect (maybe 35% of the reason). Japanese leaders (politicians and company upper eschelon) also become arrogant and didn't innovate as much after 1992 (30%). Also they didn't help families with work/life balance (25%). Finally much of the boom was amplified by loose lending and an overheated property market (40% or more). Different views are allowed here fortunately.
@@georgeinjapan6583 Emperor Hirohito was the number one war criminal during World War II. Due to the need to govern Japan, MacArthur chose not to hang Emperor Hirohito, but only to humiliate him. This made Japan's transformation unsuccessful. Japan does not reflect on its fascist crimes during World War II, and at the same time it is still brooding about being nuked. On the surface, Japan is extremely submissive, but secretly nationalism is rising.
@@pjw3438 I think there is a pride here in Japan, but the next country likely to invade another is China. (Indian, Vietnamese and Philippine people also agree on this.)
Japan dominated the electronics and Auto industry in Asia then come the era of Korea and China begin to taking the cake. Here in SE Asia practically all Japanese electronics are wiped out by Chinese and Koreans
@herman9255 do you mean to say before buying a stock in the market you need to check the balance sheet of that particular company 😂😅😂😅,childish right 😅😅😅
@@shanmugasundaramrajeswaran8737 I always check a company's balance sheet, may it is because I had been a banker for 30 years. I feel everyone should do this, and thank you for calling a 65yo a child.
US doesnt need to force china to sign the plza accord 😂. China has already created a massive real estate bubble, 20% youth unemployment and a fast aging population without the plaza accord 😅😅😅
So you have no arguments to counter my statements then 😂. China, despite not signing any plaza accord, already has many similar problems as japan did after the plaza accords😊
Very interesting how he distort history about Plaza Accord. It is the US and its allies ganged up against a strong emerging power Japan to stop its momentum. Japan, relying on US for security, kaotoued. Together with subsequent policy misteps, led to Japan's lost decades. This channel produces more drama than knowledge.
Germany also signed the accord. But yeah, the US and its allies ganged up on japan😂. Are you also gonna blame japans subsequent policy missteps on US as well? Didnt realize that the US and its allied ganged up on japan and forced them to start a huge real estate bubble 😅😅😅
@@VodkaPandas China peaked 3 years ago. Now GDP growth is based on massive debt via government spending. China’s workforce peaked a decade ago. There is only so far you can go with communism at the helm as they need poor masses to maintain control. To be fair it did pretty well for a communist state for as long as it did, but the central planning, wealth confiscation, and capital controls were implemented to preserve the CCP and killed foreign investment. So its over now.
I dont like this direction. I went from zeihan to friedman to mises. I doubt pbd really looked into mises as much as he needs to. PBD is going backwards if he keeps entertaining zeihan, he doesnt actually provide any real value. He should look more into murray rothbard and ludwig von mises.
@@taco1010 BRO look up Ludwig von Mises he practically founded the austrian school of economics and predicted the great depression. The deep rabbit hole should ultimately lead you to Murray Rothbard and Hans Hoppe.
It's always been this way. Real critical thinking doesn't pay the bill, sometimes it will draw slanders and even attacks. On the other hand, if you produce something they like, you are invited to the party, a circle jerk party.
For practical purposes, Japan's population is actually much lower. Nearly 19 million people are age 75 or older. An additional 16 million are 65 or older. So the productive population is far less than 100 million.
@@Cobbidoohhh yeah!!! Traditionally people worked until they died or had a fatal collision with a drunk seagull. Retirement as a concept is something very modern and it's historically only been for the wealthy.
China is making sure not to follow the same path japan took, by investing heavily abroad and getting as many countries involved in its economy as possible to keep the Yuan managed and avoid a hyperinflation.
Bruh... they're already wayyyyyy too far gone down a similar (but with differences) path that hurt Japan so much... but in China's case, it will very likely destroy the country not just result in a downturn/ restructuring/ inflation/ recession/etc. China is screwed, and I don't know if they'll be able to recover from it... they literally have at least 3 lingering asset class areas that are by themselves alone as potentially damaging as America's great financial crisis/recession... and that's IF the numbers they're reporting are even true (its likely even worse than what they're saying publicly)
_"No one believes their data anyway."_ True but an indicator of how bad things are in China is the US southern border where almost half the migrants are Chinese.
What???? China literally likes inflation. Their currency is SO inflated, that inflating it more does very little damage to them. BUT it hurts the U.S. by making the Yuan traded more often because there's so much of it. They are trying to flood the market to take it over like they did with Temu.
In the 90's I was in Tokyo and heard that their mafia (Yakuza) bought up most of the land in the centre of Tokyo. They super inflated prices (by being the buyer ánd the seller), then started taking out loans for an absurd amounts of money from their local banks, with these inflated land properties as security against these loans. When the land value crashed, so did the banks and the clients of those banks lost all their savings.
The Yakuza bought those houses for the banks. They forced the original owners to sell at a low price then they would sell the property back to the banks. All while getting interest free loans from those same banks.
Japan is an island with no natural resources. China is a massive country connected by land routes to the Eurasian landmass. There's no comparison between the two.
China is the largest importer of oil in the world and the largest importer of food and foodstuffs. They are also a rapidly aging society. Their economy is a time ticking bomb.
@@panyaboonc5621 India is surrounded by mountains to the north and hemmed in by Pakistan and Bangladesh. It has a larger population than China but with only 1/3 the landmass of China to support itself. Furthermore, the weather patterns of the subcontinent make it so that more than half of the Indian population has to squeeze into a small sliver of land around Utter Pradesh in the northern part of the country. Finally, India is a hot weather country, which is correlated to having a lower economic output.
@@internationalinvesting4336 Ha! The US is the largest importer of food in the world, and the EU is the largest importer of oil. Both entities have rapidly aging populations as well. The US also has a rapidly growing debt to GDP ratio while Europe is rapidly deindustrializing. Neither the US nor Europe control global supply chains anymore and rely on imported goods to keep their economies going. C'mon dude, not only did you get your starting facts wrong, you're also turning a blind eye to all of the Wests glaring weaknesses to try and pin all the worlds doom and gloom on China. What do you have to say for yourself? 🤣🤣🤣
PBD, I love your work, but every time you speak about China you base your knowledge on American journalists who don’t understand their system. As you have taken Cuomo to give a voice to the left, you should actually speak to someone who actually knows China to give you insights not based on US propaganda.
@@gtr5860 I lived in China, and I’ve a Chinese girlfriend too. For example, in many videos Patrick speaks about Social Credits but he has no clue what he is saying and I suggest he should watch a video by Polymatter that explains them well.
I likes it the 1st minute in. Good energy. Great camera cuts. Expressive. Talks facts. Well rounded arguments. He's looking at a whole picture. Not a piece.
China is a terrible place, excessive slave labour, ultimate dystopic laws, citizen disappears for just making jokes about anything that is deemed wrongthink
the lower rate after plaza accord had nothing to do with the economy downfall. it was the raising of price of every japan's export that brought Japan to the lost decades. imagine your currency suddently 60% stronger than last month. it was like suddently everything from your country 60% more expensive. another countries stopped import goods from you. if companies in Japan wanted to survive, they had to moved out from Japan and built factories outside Japan. Big companies like Toyota, Honda, Sony, etc, moved out to east asia and China. This caused massive capital flow out of Japan. that's how cruel plaza accord was. NB : Japan can't fart without US permit. China is different. China can say 'NO' infront of any american's president
The West has been trying that strategy like the Plaza Accords to China for over 20yrs, they're not biting. Unlike Japan, China is not a vassal. The US accelerated Japan's downfall by putting high tariffs on their autos. There are many other points that led to Japan's decline. But the 2 main reason is, the US trapped them and they were too full of themselves. Buying stuff at inflated prices around the world.
@@georgeinjapan6583 It pretty much sums it up. The Plaza Accords consist of the US, UK, Germany, France & Japan. In the late 90's to at least 2005 the US with the EU was pressuring China to appreciate the yuan complaining it was undervalue. Same characters leading the charge, if not the West, what to call it?
@@SuperDexteroo You can name the countries specifically. For example is Hungary included ? Is Spain ? Is Ireland ? Is Norway ? Is Argentina? Is Canada ? Is Japan ? Is Singapore? There is often a lot of disagreement among these countries on various issues and policies. It is not like there is one hive mind. (That could be a good thing).
@@georgeinjapan6583 All the countries you name except Singapore, all have a one hive mind. I question their sovereignty before, but am sure they are not sovereign states anymore.
@@SuperDexteroo You obviously don't travel and know much about people from various countries. I assume you are here to project soft power from the CCP and not to learn about other views. Just in case I am wrong, I recommend traveling and learning.
I’m Japanese. I think Japan and Korea follow western countries, and plaza accords and so many foreigners hold Japanese stocks. And they get rich and Japanese became poor. China is different. They see hat is going on in Japan and Korea.
how u guys can even forgive the atomic in nagasaki & hiroshima ? recently they opened the film Oppenheimer in japan . so weird to be watching that movie in japan .
@davidwong7283 People who have experienced war and the atomic bomb have passed down the reality of war and its ugliness from generation to generation, saying that war should not be fought. I guess it's because we are taught by our parents and schools that revenge and holding grudges won't bring happiness and will only cause more people to suffer.
@@aliceadachi5366 yes but i dont like why japan lets US to control them or is it something else i donot know much but i just hear this every now and then..US is taking so much advantage ****, can u tell me what is it ?
@@aliceadachi5366 sure japanese too nice folks after war . jus back from osaka holiday , i remembered the hotel manager bowed to our hotel bus every morning we left the hotel to go to the train station . wow so damn respectful and serious . if you bought a $1 item , they still very polite to u at the retail shops .
you are looking at all the wrong numbers based on what you think is economics. Economy is an abstract value to enable cultural exchange. Values ill risee and fall but at the end of the day, resources and labor is the real things being economized. You should dig deep into the problems Japan faces . but it will recover because the real economy is immune to bubble.
I am glad that many views can be presented and discussed here. I wouldn't want to live in any country where the internet is heavily censored and only one view is allowed for each issue.
Not an apples to apples comparison, this topic has been brought up years ago in the past and hasn't come to fruition yet. You're starting to sound like Gordan Chang man...and we all know his track record
He's always been regurgitating the same nonsense for the past a few years without actually having any ground experience whatsoever--a lot of contorted reality, together with some really batshit crazy claims about certain economic trends.
This is the type of 'feel good content' to make yourself happy when your wish for China's collapse is unlikely to happen. Here's why: - 1. China is not Japan, It is 25 times bigger and has 10+ times more population than Japan 2. China, unlike Japan, is not directly control by US. America cannot suppressed China's growth as they wish like they did to Japan. (Even now US is doing everything to stop China's growth but there is big limitations - as China is NOT JAPAN both in size, scale and power) 3. Unlike in the 90's, USA is not the only superpower now, the world is multi-polar today with many mid powers and great powers. Countries are not afraid anymore to go against US bullying nature, and therefore US cannot deter China like they did to Japan in the past. Time have Change folks. 4. China is not just a country, it's a civilization of thousands of years, they know how to raise the game when face with difficult challenge. 5. China has been warned about their collapse since the 90's (like this video) and here we are today, China have only grown to become a superpower, despite all the warning, and crying and moaning from the west. 6. The west will be crying for China's collapse even in 2050, so nothing new, or nothing to be surprise here! 😄😄
he's looking at asian countries from western perspective..... never wanted to know about their cultures and values as if every country wants 'democracy'.....
However, they are far more advanced as a civilization than most of the West. The value of the assets doesn't matter when you have a population that produces value and have values.
How are the chinese a far more advanced civilization than the west when china is a middle income country while most of the west are advanced economies😂. Some of the mindset in chinese culture are feudalistic and backward 😅
@@bigboss337 ^ More to the point, China only modernised by *C0PYlNG the West:* All the technology, science, medicine, institutions and innovations that elevated humanity into Modernity are Western.
@@bigboss337 More to the point, Chlna only modernised by *C0PYlNG the West:* All the sclence, technoI0gy, knowledge, medicine and innovati0n which eIevated humanity into m0dernity are from the West.
I don't see the link to China at all. China has a better handle on their real estate because the government controls it. They are also controlling their currency. If anything, its related more to the US.
they also control population growth. Patrick doesn't know shit about china. he thinks china has a social credit score. Thats easily verifiable as bullshit. Just ask any of the chinese in the states who travels back and forth and has family there
Visiting China is not that big a deal. Its like Tokyo in some places but dirty and poor AF if you actually have to visit the factory that builds your stuff.
@@barryraymond9004 what year? For how long? Do you speak Chinese so that you can communicate locals? I can, and I was there for three months just last year.
The fifth and what I believe the most important factor for the post-WWII Japanese economic boom is the Korean War. Japan became the staging area for UN forces during this time which heavily profited Japanese goods and service industry.
A decade is insignificant. China had experienced setbacks for a century, but the country began to recover in the 1980s. China's PPP GDP surpassed that of the US since 2016.
From a person who is Japanese this isn’t true. With a declining population most of the rural cities are going to be ghost towns pretty soon and there is already small towns that are ghost towns. The number were high back then and it fell 70% within months and now it’s more affordable to live in Japan.
wealth comes from power, power comes from industry capability. so Japan is not comparable with China. Japan got no nuclear bombs, so it is not countable in terms of power. real estate means nothing when you compare the powers of a country.
I wish more people understood the effects of monetary policy has on birth rates and population decline. First time property buyers can’t save deposits with low interest rates.
China is the most industrialized nation by a huge leading margin, they have the whole supply chain for themselves, from raw materials to high tech and a more than complete service industry. This fact makes them immune to any yapping PBD is performing here.
@@Linkwii64 China exploits and enslaves almost every country they "help". I have a background in mining engineering, the things they do in Africa is crazy, still they are better option than being exploited by the west. China also has a policy of exploring the resources in their own country. Europe closed the mines and demonized the mining industry while China mapped almost every resource they have, nowdays they are the biggest producers and transformers of most critical minerals that exist even if they are not the main exporter for a given mineral, they can cause significant pressure by controlling their share of the market.
In order to make predictions about a country's future, you have to account for cultural influences. Chinese are more greedy and innovative therefore, they're more prone to cycles... Japanese are more consistent and take seniority seriously. This makes them more prone to a slow death. Japan didn't develop economic challenges as fast as what's happening with China. That should tell you something.
Chinese is coming up from very low cycle, US is on downcycle ,fortunately it could use Japan to cushion it. All countries go up and down ,the capitalistic system produce extreme greed in west ,killing the middle class in favor of the elite. Chinese dont allow oligarchs to rule by campaign contributions etc...
You china haters underestimate China at your expense your country the US doesn’t control china like Japan you should worry about your country than China who grew 5.2 % last and the US 2.6 🤫
What that tells me is you’re a china hater or doesn’t know about Japan being screwed by the US in signing the Plaza accord ! China will eventually pass the US economy like it or not 😜
The problem of the quality based on economy. You keep achieving it nicely but it sometimes way out of your resources and you try to get more attention and resources to others like Japan is doing. China is keeping steady not only economy but other factor too. Japan is too must obsessed or for their influence they can't have do anything like China and US. Even a small country could take over Japan you can say.
LOL compare what happened on Toshiba on 1980s and Huawei NOW, anyone can see the clear difference: China is nuclear power house with full sovereignty which US can't do nothing to stop; While Japan is militarily-occupied, and US can always squeeze Japan as they wanted to, So Japan had Plaza Accord. Plus, the current USA is NOT the USA on 1980s. USA has pretty serious fiscal limit now. So for China, it's just now real estate bubble, which is NOT uncommon in human history. it is NOT easy for China, but China can surely go through
You would be surprised to see how many mainland Chinese use western medias. Also there's around 2 million foreigners in China and all of them use VPN. I can even introduce to some of my acquaintances in China who are actively using US social medias.
@@FrostKaiser please excuse my ignorance, I simply didn't think any Chinese citizen in his right mind would give the video a thumbs up . Simply because they might get a knock on the door from a Chinese government official.
In the 50s and 60s the USA were fighting two wars and needed industrial production from you know who -- Japan. That boosted demand for their economy like crazy.
I was recently in Japan you literally had to search to find any kids.. The percentage in the streets except entertainment areas was 4 out of 10 elderly people and the Japanese people seemed preoccupied with their smartphones not interacting with their environment like at all! Thats the reason you see all those videos in the Metro where there is silence!Everyone is by himself on their smartphones and of course when you saw a group of 2-3 people they were having a conversation.I really love the Japanese people and their culture but that reality watching it first eye really made me sad and to me seems like there will be no good future for the country if they dont change course
Aren’t most Americans one paycheck away from being homeless? There is over 1B people in China. Just 10% of its population being rich will overtake most countries combined 😂
Question is not if you've _"been to China."_ Question is if you've seen the *REAL* China: Having lived there 10 years, I saw a huge difference between the *Westernised cities* where foreigners are allowed to live and the *abject poverty* outside.
When a person only tells you half the truth, he is actually lying to you. China and Japan do face similar problems. But this man is intentionally ignoring the biggest difference between the two countries to his audience: That is that China is a sovereign state, while Japan is not; Japan is just a colony of the United States. Japan does not have any way to reject the U.S. Plaza Accord, while China has the ability to resist any U.S. sanctions.
That’s strange, Japan is the 10th highest military spending country in the world.. where did you get your source from? en.m.wikipedia.org/wiki/List_of_countries_with_highest_military_expenditures
Yea, what he said about japan is pretty misleading as well. Regular Americans are getting killed by inflation. Most Chinese and Japanese middle class are living much better lives, its not even close. I think a lot of modern American patriotism especially by the wealthy is cope for the higher taxes and inflation happening.
@RohankrishnaB If you're touring or there for business obviously the people who you are enriching will treat you very nicely, just wait until you have a single experience and subsequent opinion that is negative. Also the whole cuisine of "tortured meat" is rock-smashing cave man-tier barbarism.
If there is a financial collapse in China the impact will be far far greater than what occurred in Japan in the 1990's. A financial collpse in China would compound the problem that they already face in the wake of the disasterous one child policy. This would lead to a population collapse in China which will wreck havoc on manufacturing, labor availability, and wages. Even the CCP will have a hard time covering up the impacts of their central planning failures, short of engaging in warfare as a cover. When the Chinese normies discover how profoundly incompetent the CCP is and has been, they will be utterly enraged. I am not convinced that the CCP's social credit score scheme can keep the little people down in the long run.
@@henli-rw5dw No. They can't just print Yuan. Not if they want that currency to become a legitimate currency of exchange outside of China; and they do if the bold move to a gold backed Yuan for petroleum purchases is to succeed. The CCP is committed to building an alternate currency and banking system to the US Petrodollar. This is what the gold backed Yuan is about. It is also a key incentive and objective for BRIX. No. China does not have low inflation. Their wages are so high now that they are competing with Vietnam and Cambodia directly for new manufacturing jobs; and losing. Chinese manufacture will have to shift from competing on the basis of low labor costs to a cost for value or quality proposition in order to remain competitive in manufacture. This is already a problem today. All of these factors constrain the range of options available to the CCP in covering up their failure to avert the same systemic problem that plagues the rest of the industrial world; which is speculative financial bubbles, particularly in real estate.
@@ivermec-tin666 Why are people complaining of deflation then? Deflation is easy to fix. They are already printing money, just look at their bank lending to manufacturing, massive amount. CPI is already positive 0.8% because of how much they printed. They just not pumping stock and property so is invisible to the West. They are printing so much in fact that their GDP maintains 5% growth inspite of rapid drop in property sector. Their electricity consumption growth is a whopping 11% YOY.
@@ivermec-tin666 11% increase in a 9 Terawatt economy is a ginormous increase in power consumption. That's more power than most country in the world consumes.
Crazy how some people feel free to come here in yt and run their mouth. Saying that the CCP is incompetent is such a stup¡d comment. With china evolution in the last decades i wont have the audacity to say such statement, even if am the biggest western propagandist
Bro, your analysis is absolutely right. In China, most people are very poor. Except for the big cities you can see in the media, ordinary people can't even afford to eat. Therefore, most Chinese people have learned a magic. In China, we call this magic "Bigu". We only need to drink northwest wind to meet our daily energy. Of course, not everyone can do this magic. I am still working hard to learn it. I believe that in the near future, I will be able to do it and I won't have to eat tree bark. I won’t say any more. The bark I just peeled is ready and I’m going to eat.
Western people keep talking about GDP because if we talk about Commercial balance , Population, number of engineering graduates, Foreign reserve, new innovation , industry , natural ressources and military, they are nowhere to be found 😂
Both Japan and China don't want to change. Japan stood still for nearly 30 years, China will not because there is still so very much left to develop but it will stagnate. It's about willingness to really adapt. Neither of the two countries do unfortunately
PBD has no idea, if there is one civilization you don't f*ck with , it's the Chinese Diaspora, and that includes Taiwan. You look at all the economies in Southeast Asia, those conglomerates might be Philippines or Indonesians, but look closely and you'll realize the families that run them are all Chinese descent. So going back to the topic on China, If China eventually develops it's own EUV machine IT'S GG for the United States. It's only a matter of Time. And once Taiwan sees its brethrens across the strait moving forward, naturally in the future Taiwan may adopt the two systems policy. Then it is really GG for the United States. US simply doesn't have the brain power and therefore it keeps on poaching scientists from China and Taiwan. Facts
China is leading in AI. Smart cities are not just implemented, but they have several of them of the size of NY working perfectly. Green energy, electric cars...should I continue? All future tech is based from China and we get this video propaganda? Such a ill prepared material, I wasn't expecting from Valuetainment.
A long time ago when I was pretty young, I was listening to some old school truther who was telling someone how the US was using Japan to prototype overseas globalism for the US after WW2. We helped install a nuclear power plant as a failsafe and insurance policy. Japan became such an example of specialization and began to outdo the production of all of our best products and appliances but were cheaper and more efficient.That was what was discussed at that time and I just overheard and keep my eyes open. For awhile the yen was head to head with the US$ and often a more valuable money. By the year 2000 Japan had sister cities with US nearly everywhere and many of the shipping docks. They were buying valuable US and W. European real estate as well as investing in many tech companies. Their power was formidable. Then in 2011 a geoengineered event triggered a massive earthquake and psunami and Japan was knocked to it's knees once and for all like a Jack Ma or something...If anyone could look further into this it may illumine some other revelations I suspect...
Since 1990, Economist has been predicting the collapse of China. Since 1990, the size of Chinese economy has been multiplied by 30 times. That's 3000%.
Nope, 60 times in dollar.
That may be true but currently China is having a lot of internal problems and a massive aging and falling population. These were not a problem till now.
@Ganjalivesmatter that is exactly what the economists said at that time😂😂😂
@@Gaanjalivesmatter The same problem they pointed out 30 years ago😂 Plus, taken account of the technological advancement in the time we live in, these last-gen economist’s analysis need to be received with caution.
@@LouiseChong-xk5xpno wonder your last name is Chong. Look at those little bitty eye.
The two countries are very different in many ways
This is the type of 'feel good content' to make yourself happy when your wish for China's collapse is unlikely to happen.
Here's why: -
1. China is not Japan, It is 25 times bigger and has 10+ times more population than Japan
2. China, unlike Japan, is not directly control by US. America cannot suppressed China's growth as they wish like they did to Japan. (Even now US is doing everything to stop China's growth but there is big limitations - as China is NOT JAPAN both in size, scale and power)
3. Unlike in the 90's, USA is not the only superpower now, the world is multi-polar today with many mid powers and great powers. Countries are not afraid anymore to go against US bullying nature, and therefore US cannot deter China like they did to Japan in the past. Time have Change folks.
4. China is not just a country, it's a civilization of thousands of years, they know how to raise the game when face with difficult challenge.
5. China has been warned about their collapse since the 90's (like this video) and here we are today, China have only grown to become a superpower, despite all the warning, and crying and moaning from the west.
6. The west will be crying for China's collapse even in 2050, so nothing new, or nothing to be surprise here! 😄😄
Well said. I don’t know what China’s future will be, but I know it is a massive nation full of hard working people who want to improve their lives. I also know the US is scared of losing its hegemony and so is resorting to insults and desperate sanctions to reign in its rival.
China doesn’t flip burgers for $20 a hour
Hey are you stationed out of Beijing or Shanghai or are you a private contractor for the CCP?
You're missing an important point. China is a highly centralized communist state, which means the United States cannot force the CCP to make any concessions.
@@umbriel7740 -Full of hardworking people
-"Lay-flat" and "let it rot" continue to exist.
They're like everyone else; they're only going to work hard if the rewards are worth it.
I from south east Asia and travel to China about 4-5 times a year. The ignorance of so many westerners is truly an amazing thing. Like it or not, China is still a developing country and they're still growing fast. In recent years, all the western media has been on steroid about the fall of China without telling the truth about China economy to their audience. For non western people that understand China, we can only guess why they're keeping that away from their audience. The global south especially China has learned a lot from the west but western people never bothered to learn about other part of the world. My guess is that their biggest hurdle to learn about China is to learn mandarin in order to be able to read. 😅 But one thing I'm sure is that in the 90s the Economist had been saying about the collapse of China economy. My guess is they are probably right and they will have to wait until it's proven for them to be declaring that they were right. I'll just say this part of the equation for now, people like me already knew about a property trouble in China back in 2018 as we pay attention to the Chinese leaders, covid came and it got delayed for 2 years. If you want to understand China influences, travel around south east Asia and don't just listen to bloomberg or WSJ. ❤
china will still be around even long after USA and EU are dissolved and forgotten
Well said
What country are you from ? Thank you in advance...)
China is the present and the future, anyone that denies this is deceiving himself. The US is evil, and they will try to go to war with China over Taiwan (they travelled to China recently to threaten Chinese officials over their business policies). BRICS block is strong and will grow. Welcome to the world, the old world is dying, Western nations will be poor and somewhat like 3rd world countries with the mass illegal immigration that they are allowed to enter.
That’s why they couldn’t beat China using intelligence it’s because of the language and culture I think, I also travel to China 2 or 3 times a year and I agree with what you said, it’s still a developing country and there’s still a big work to do due to it’s bigger surface area.
If you want to learn what happened to Japan and why Japan’s economy started declining. Talk about the Plaza Accord signed 1985. The US is now trying to do what it did to Japan “ containment” of its growth.
Correct. China is not signing Plaza. They control their currency, which is why there is conflict.
Japan signed the accord. Any chance China will sign a similar accord?
@@adamiskandar5107日本配和中国比么？贸易战第五年了。
Seeing sings of the pinks and 50 centers in the chat
This is the type of 'feel good content' to make yourself happy when your wish for China's collapse is unlikely to happen.
Here's why: -
1. China is not Japan, It is 25 times bigger and has 10+ times more population than Japan
2. China, unlike Japan, is not directly control by US. America cannot suppressed China's growth as they wish like they did to Japan. (Even now US is doing everything to stop China's growth but there is big limitations - as China is NOT JAPAN both in size, scale and power)
3. Unlike in the 90's, USA is not the only superpower now, the world is multi-polar today with many mid powers and great powers. Countries are not afraid anymore to go against US bullying nature, and therefore US cannot deter China like they did to Japan in the past. Time have Change folks.
4. China is not just a country, it's a civilization of thousands of years, they know how to raise the game when face with difficult challenge.
5. China has been warned about their collapse since the 90's (like this video) and here we are today, China have only grown to become a superpower, despite all the warning, and crying and moaning from the west.
6. The west will be crying for China's collapse even in 2050, so nothing new, or nothing to be surprise here! 😄😄
"To be an enemy of America can be dangerous, but to be a friend is fatal.” Henry Kissinger
Except if you are Israel who controls the US congress.
SO NORTH KOREA IS BETTER OFF THAN JAPAN AND SOUTH KOREA?
You mean like Canada? Canadian economy is done and government response is to raise the carbon tax.
That clown should have been jailed.
@@soupsoup1031Kissinger ( now dead @ 100👍, or Trudeau?)
Japan's lost 4 decades. Not one. The Japanese made the mistake of listening to the Americans in every policy, both financial and political.
Japan didn’t have too many choices. China is much different in both of political and economic. China don’t and will not sign any treaties as the Plaza Accord. Also China market is big enough and supply chain is most self efficient, west sanctions could not work on China.
Japan didn’t listen, they obeyed.
Uni Soviet do the same thing 😂
its not like they have choice.
in 1990, US saw japan as the most threat to US dominance, and china as a good partner.
Japan lost the war they are under the supervision of the United States.
Japan is a U.S. colony, has U.S. military base stationed, can’t make independent decisions for its very own benefits. Germany is in the same situation, exactly why they can’t complain about what happened to Nordstream. China is completely different.
You can't let the Japanese see this comment, they will be embarrassed
China has 90% of its groundwater poisoned, over 1 billion empty ghost homes, and you all like relations with farm animals….nobody likes the CCP, nobody
@@王义竹 Not really, The Japanese i've spoken to have accepted that reality. I live in Australia and i've accepted that we've become a U.S vassal state and have to fall in line with their nonsense.
If you mean Americans can live with impunity in the countries (as implied) then you are wrong.
@@georgeinjapan6583 I won’t rush into right or wrong conclusion. Let time play its course.
This is wrong. China is not following USAs rules like Japan did with the plaza accords and still do today. China is quietly observing and ensuring they don’t do the mistakes USA did
China's economy is in the *T0lLET* (no one doubts that). Only question is how far down it is.
China is not a threat as an economic power in the near future. The threat is more military/security. Will CCP engage in military confrontation to distract ppl from sluggish economic outlook?
@@king-fisherthat's what happens when you've been fed propaganda.
@@king-fisher Yeah, as is every economy currently. Germany has no access to cheap fuel since the Nordstream blew up, thus will need to bring it's manufacturing to the US. Japan's Yen is crashing and might need to do something similar as well. Europe is screwed as a whole. So what's your point? If it's Evergrande and the housing bubble, China is handling it in a way that the US and the West would never do, and that's let the companies fend for themselves and receive the reprecussions for creating such a giant ponzy scheme. If it's their population, yeah, that will create trouble, but mind you, they still have four times our population. Oh, and they also have ALL their manufacturing still there. And Huawei just released a phone that surpassed their expectations. The US has VERY little manufacturing anymore, with our main strength being the military industrial complex. So... anyways... what's your point? Nearly every nation is in the toilet right now lol
@@gregoryedwards9097 China really doesn't have the mechanisms to get out of said toilet. When the time comes, they'll be screwed.
In summary, Japan economic downfall entirely cause by US.
Exactly. When u get surpluss from american in trade. They will attack u. American are a bad looser.
Their demographics collapse is not an issue? Or cheap lending practices
Actually Japan became huge because of the US but it's way too hard to understand for your kind
@@mrsimpleslowmo these bots spew out their arse, they didn’t need a military after ww2 thus freeing a lot a capital and all other conflicts where the they provided and got paid for during the Cold War.
@@mrsimpleslowmoLol😂. The plaza accord deal started a negative domino effect in Japan. After the deal was signed, the Japanese bubble burst happened, as a result Japan's economy became stagnant. The companies couldn't increase the wage of their workers while the price of products were increasing every day. Average Japanese graduate was making 1700 USD in Tokyo in 2022. The rent of one studio apartment in Tokyo was around 870 USD in 2019. You also have other expenses. So a young Japanese don't have enough money to buy home, get married and have kids and it has been that way since the 1990s. As a result even if an average Japanese couple married, both of them needed to work to meet their expenditure. Anyone who knows about the workplace culture in Japan knows that it's hellish. So after a long day at work, none of them would have time or energy to do romance. That's what the plaza accord did to Japan. But I guess your highness have a very big brain unlike us to understand Japan's economy. Btw here's something for you.
www.bloomberg.com/news/articles/2024-02-16/german-direct-investment-in-china-rose-to-record-in-2023
This is incorrect. China is still developing economy with 1.4 billion in population, large land mass, rich in natural resources and own so many leading high techs.
Japan is not an independent sovereign country. America owns Japan. The United States tells Japan what industries it cannot develop, and Japan must obey. This is the reason for Japan's economic recession. Unlike Japan, China is an independent and sovereign country and has nuclear weapons.
@@pjw3438 With all respect I disagree here. The Plaza Accords had a limited effect (maybe 35% of the reason). Japanese leaders (politicians and company upper eschelon) also become arrogant and didn't innovate as much after 1992 (30%). Also they didn't help families with work/life balance (25%). Finally much of the boom was amplified by loose lending and an overheated property market (40% or more). Different views are allowed here fortunately.
@@georgeinjapan6583 Emperor Hirohito was the number one war criminal during World War II. Due to the need to govern Japan, MacArthur chose not to hang Emperor Hirohito, but only to humiliate him. This made Japan's transformation unsuccessful. Japan does not reflect on its fascist crimes during World War II, and at the same time it is still brooding about being nuked. On the surface, Japan is extremely submissive, but secretly nationalism is rising.
@@pjw3438 I think there is a pride here in Japan, but the next country likely to invade another is China. (Indian, Vietnamese and Philippine people also agree on this.)
@@georgeinjapan6583 pride for what? being nuked?twice
Japan dominated the electronics and Auto industry in Asia then come the era of Korea and China begin to taking the cake.
Here in SE Asia practically all Japanese electronics are wiped out by Chinese and Koreans
Just look at Sony ...surprised they still can sell TV here in singapore . In japan i know they still popular .
China expert but has never been to China
I have been to china and i dont want to return, so i would understand if he doesnt want to go there either because china is now a toxic place
Exactly! Echo chamber, 3rd source and unverified misinformation, yet trying to sound like expert. That is western media, so arrogant and self-serving.
@herman9255 do you mean to say before buying a stock in the market you need to check the balance sheet of that particular company 😂😅😂😅,childish right 😅😅😅
@@shanmugasundaramrajeswaran8737 I mean if you called yourself a sommelier you better already had a glass of wine
@@shanmugasundaramrajeswaran8737 I always check a company's balance sheet, may it is because I had been a banker for 30 years. I feel everyone should do this, and thank you for calling a 65yo a child.
The only problem is, the US can’t force China to sign the Plaza Accord. 😂😂
Chyna is getting no investment 🥲
I mean, the US cant force china to do anything
US doesnt need to force china to sign the plza accord 😂. China has already created a massive real estate bubble, 20% youth unemployment and a fast aging population without the plaza accord 😅😅😅
@@bigboss337 well, you clearly need more knowledge in economy, watch some documentary films at least and comment after.
So you have no arguments to counter my statements then 😂. China, despite not signing any plaza accord, already has many similar problems as japan did after the plaza accords😊
Very interesting how he distort history about Plaza Accord. It is the US and its allies ganged up against a strong emerging power Japan to stop its momentum. Japan, relying on US for security, kaotoued. Together with subsequent policy misteps, led to Japan's lost decades. This channel produces more drama than knowledge.
Germany also signed the accord. But yeah, the US and its allies ganged up on japan😂. Are you also gonna blame japans subsequent policy missteps on US as well? Didnt realize that the US and its allied ganged up on japan and forced them to start a huge real estate bubble 😅😅😅
@@bigboss337 Japan got rich before they peaked. China peaked and its still poor.
@@barryraymond9004 And who said China is at it's peaked? If China still poor, then it's not their peak.
@@VodkaPandas China peaked 3 years ago. Now GDP growth is based on massive debt via government spending. China’s workforce peaked a decade ago. There is only so far you can go with communism at the helm as they need poor masses to maintain control. To be fair it did pretty well for a communist state for as long as it did, but the central planning, wealth confiscation, and capital controls were implemented to preserve the CCP and killed foreign investment. So its over now.
@@barryraymond9004China peaked 3 years ago? Rise and fall people...rise and fall. 😂😂
Guy finally watched a peter zehein video
😂😂🤣
Bad move from him.😂
I dont like this direction. I went from zeihan to friedman to mises. I doubt pbd really looked into mises as much as he needs to. PBD is going backwards if he keeps entertaining zeihan, he doesnt actually provide any real value. He should look more into murray rothbard and ludwig von mises.
@@epsilon3821 whose misus, whats the full name
@@taco1010 BRO look up Ludwig von Mises he practically founded the austrian school of economics and predicted the great depression. The deep rabbit hole should ultimately lead you to Murray Rothbard and Hans Hoppe.
In today’s world wishful thinking is not only news. It is also expert analysis.
It's always been this way. Real critical thinking doesn't pay the bill, sometimes it will draw slanders and even attacks. On the other hand, if you produce something they like, you are invited to the party, a circle jerk party.
For practical purposes, Japan's population is actually much lower. Nearly 19 million people are age 75 or older. An additional 16 million are 65 or older. So the productive population is far less than 100 million.
Ok, but different from other countries, people from 75 and up tend to work, even at smaller productivity as younger people, they do produce some.
oh yeah?@@TheDarthpsi
That's why they're at the frontier of robotics and chip technology. It's the only thing that can save them.
They need to have kids. The women would prefer to have careers, not kids…
@@Cobbidoohhh yeah!!! Traditionally people worked until they died or had a fatal collision with a drunk seagull. Retirement as a concept is something very modern and it's historically only been for the wealthy.
The whole story falls apart as soon as he says, "China debt to GDP ratio is 60% but nobody believes these guys." Then what is your story based on?
USA propaganda
@@王互娱no it’s China propaganda, your GDP is as solid as your tofu buildings
Federal debt to GDP is 60%, whereas total debt is 300%, higher than the US. Clearly you don’t understand how their economy works.
@@defintity_9951don’t check USA total debt to gdp ratio you might cry
China is making sure not to follow the same path japan took, by investing heavily abroad and getting as many countries involved in its economy as possible to keep the Yuan managed and avoid a hyperinflation.
Bruh... they're already wayyyyyy too far gone down a similar (but with differences) path that hurt Japan so much... but in China's case, it will very likely destroy the country not just result in a downturn/ restructuring/ inflation/ recession/etc. China is screwed, and I don't know if they'll be able to recover from it... they literally have at least 3 lingering asset class areas that are by themselves alone as potentially damaging as America's great financial crisis/recession... and that's IF the numbers they're reporting are even true (its likely even worse than what they're saying publicly)
China's economy is in the *T0lLET* (no one doubts that). Only question is how far down it is.
China has a dying population lmao.
_"No one believes their data anyway."_ True but an indicator of how bad things are in China is the US southern border where almost half the migrants are Chinese.
What???? China literally likes inflation. Their currency is SO inflated, that inflating it more does very little damage to them. BUT it hurts the U.S. by making the Yuan traded more often because there's so much of it. They are trying to flood the market to take it over like they did with Temu.
In the 90's I was in Tokyo and heard that their mafia (Yakuza) bought up most of the land in the centre of Tokyo. They super inflated prices (by being the buyer ánd the seller), then started taking out loans for an absurd amounts of money from their local banks, with these inflated land properties as security against these loans. When the land value crashed, so did the banks and the clients of those banks lost all their savings.
The Yakuza bought those houses for the banks. They forced the original owners to sell at a low price then they would sell the property back to the banks. All while getting interest free loans from those same banks.
Japan is an island with no natural resources. China is a massive country connected by land routes to the Eurasian landmass. There's no comparison between the two.
CHINA IS THE FUTURE
China is the largest importer of oil in the world and the largest importer of food and foodstuffs. They are also a rapidly aging society. Their economy is a time ticking bomb.
If that is the case, why is India not like China today?
@@panyaboonc5621 India is surrounded by mountains to the north and hemmed in by Pakistan and Bangladesh. It has a larger population than China but with only 1/3 the landmass of China to support itself. Furthermore, the weather patterns of the subcontinent make it so that more than half of the Indian population has to squeeze into a small sliver of land around Utter Pradesh in the northern part of the country. Finally, India is a hot weather country, which is correlated to having a lower economic output.
@@internationalinvesting4336 Ha! The US is the largest importer of food in the world, and the EU is the largest importer of oil. Both entities have rapidly aging populations as well. The US also has a rapidly growing debt to GDP ratio while Europe is rapidly deindustrializing. Neither the US nor Europe control global supply chains anymore and rely on imported goods to keep their economies going.
C'mon dude, not only did you get your starting facts wrong, you're also turning a blind eye to all of the Wests glaring weaknesses to try and pin all the worlds doom and gloom on China. What do you have to say for yourself? 🤣🤣🤣
Patrick my boy. China isn't going anywhere. It wouldn't displace America, it would just keep getting a better version of itself everyday.
You are delusional.
China also will make Microchip 5NM this year 😂
Exactly，China has no intention to displace the US
Seriously Pat, you really think Jinping will be watching your channel let alone pinging you. Made me smile, thanks
PBD, I love your work, but every time you speak about China you base your knowledge on American journalists who don’t understand their system.
As you have taken Cuomo to give a voice to the left, you should actually speak to someone who actually knows China to give you insights not based on US propaganda.
what do you know about china? bcs you are disagree here 😂
@@gtr5860 I lived in China, and I’ve a Chinese girlfriend too.
For example, in many videos Patrick speaks about Social Credits but he has no clue what he is saying and I suggest he should watch a video by Polymatter that explains them well.
I replied to you, but my comment disappeared... not sure if some topics are blocked on this channel@@gtr5860
So let’s listen Chinese propaganda instead I guess?
@@Meiseptemberx third option: do not comment on china if you dont know china. is it fair?
I likes it the 1st minute in. Good energy. Great camera cuts. Expressive. Talks facts. Well rounded arguments. He's looking at a whole picture. Not a piece.
At 1:02 you mean to tell me I’m watching this video while taking a dump!? Yes 😂😂
Am reading your comment while taking a dump. dang!
China is a terrible place, excessive slave labour, ultimate dystopic laws, citizen disappears for just making jokes about anything that is deemed wrongthink
I'm currently reading both of your comments, while doing the same.😅
TMI 😮must be a dude or is that a ‘dud’ 👎
Men of culture we meet again 😆☝️
the lower rate after plaza accord had nothing to do with the economy downfall. it was the raising of price of every japan's export that brought Japan to the lost decades. imagine your currency suddently 60% stronger than last month. it was like suddently everything from your country 60% more expensive. another countries stopped import goods from you. if companies in Japan wanted to survive, they had to moved out from Japan and built factories outside Japan. Big companies like Toyota, Honda, Sony, etc, moved out to east asia and China. This caused massive capital flow out of Japan. that's how cruel plaza accord was.
NB : Japan can't fart without US permit. China is different. China can say 'NO' infront of any american's president
"To be an enemy of America can be dangerous, but to be a friend is fatal.”
-Henry Kissinger
Plaza Accord signed 1985, anyone?
Plaza accord revoked in 1987, anyone?
@@bigboss337the effects is crazy for Japanese Yen 😂 Japan in 80 still need export surplus and force to costumers economy 😂😂😂
@@bigboss337China never put Yuan for public sale so Plaza accord never work to China ever 😂 that why USA only do Tariffs for self defense
The West has been trying that strategy like the Plaza Accords to China for over 20yrs, they're not biting. Unlike Japan, China is not a vassal. The US accelerated Japan's downfall by putting high tariffs on their autos. There are many other points that led to Japan's decline. But the 2 main reason is, the US trapped them and they were too full of themselves. Buying stuff at inflated prices around the world.
Using the term "The West" needs to be defined. Also every country oustide of China isn't of one opinion, one hive mind.
@@georgeinjapan6583 It pretty much sums it up. The Plaza Accords consist of the US, UK, Germany, France & Japan. In the late 90's to at least 2005 the US with the EU was pressuring China to appreciate the yuan complaining it was undervalue. Same characters leading the charge, if not the West, what to call it?
@@SuperDexteroo You can name the countries specifically. For example is Hungary included ? Is Spain ? Is Ireland ? Is Norway ? Is Argentina? Is Canada ? Is Japan ? Is Singapore? There is often a lot of disagreement among these countries on various issues and policies. It is not like there is one hive mind. (That could be a good thing).
@@georgeinjapan6583 All the countries you name except Singapore, all have a one hive mind. I question their sovereignty before, but am sure they are not sovereign states anymore.
@@SuperDexteroo You obviously don't travel and know much about people from various countries. I assume you are here to project soft power from the CCP and not to learn about other views. Just in case I am wrong, I recommend traveling and learning.
Japan is unique, a powerful country rich in culture , respectful , discipline, discreet... Japanese and Chinese are totally different two races
I’m Japanese. I think Japan and Korea follow western countries, and plaza accords and so many foreigners hold Japanese stocks. And they get rich and Japanese became poor. China is different. They see hat is going on in Japan and Korea.
how u guys can even forgive the atomic in nagasaki & hiroshima ? recently they opened the film Oppenheimer in japan . so weird to be watching that movie in japan .
@davidwong7283
People who have experienced war and the atomic bomb have passed down the reality of war and its ugliness from generation to generation, saying that war should not be fought.
I guess it's because we are taught by our parents and schools that revenge and holding grudges won't bring happiness and will only cause more people to suffer.
@@aliceadachi5366 yes but i dont like why japan lets US to control them or is it something else i donot know much but i just hear this every now and then..US is taking so much advantage ****, can u tell me what is it ?
@@aliceadachi5366 sure japanese too nice folks after war . jus back from osaka holiday , i remembered the hotel manager bowed to our hotel bus every morning we left the hotel to go to the train station . wow so damn respectful and serious . if you bought a $1 item , they still very polite to u at the retail shops .
@davidwong7283
That is Japanese culture
I had the privilege of going to Japan several years ago. A free market economy combined with a culture of hard work and honor is a recipe for success.
you are looking at all the wrong numbers based on what you think is economics. Economy is an abstract value to enable cultural exchange. Values ill risee and fall but at the end of the day, resources and labor is the real things being economized. You should dig deep into the problems Japan faces . but it will recover because the real economy is immune to bubble.
I am glad that many views can be presented and discussed here. I wouldn't want to live in any country where the internet is heavily censored and only one view is allowed for each issue.
I really dislike all of that censorship.
Not an apples to apples comparison, this topic has been brought up years ago in the past and hasn't come to fruition yet. You're starting to sound like Gordan Chang man...and we all know his track record
He's always been regurgitating the same nonsense for the past a few years without actually having any ground experience whatsoever--a lot of contorted reality, together with some really batshit crazy claims about certain economic trends.
This is the type of 'feel good content' to make yourself happy when your wish for China's collapse is unlikely to happen.
Here's why: -
1. China is not Japan, It is 25 times bigger and has 10+ times more population than Japan
2. China, unlike Japan, is not directly control by US. America cannot suppressed China's growth as they wish like they did to Japan. (Even now US is doing everything to stop China's growth but there is big limitations - as China is NOT JAPAN both in size, scale and power)
3. Unlike in the 90's, USA is not the only superpower now, the world is multi-polar today with many mid powers and great powers. Countries are not afraid anymore to go against US bullying nature, and therefore US cannot deter China like they did to Japan in the past. Time have Change folks.
4. China is not just a country, it's a civilization of thousands of years, they know how to raise the game when face with difficult challenge.
5. China has been warned about their collapse since the 90's (like this video) and here we are today, China have only grown to become a superpower, despite all the warning, and crying and moaning from the west.
6. The west will be crying for China's collapse even in 2050, so nothing new, or nothing to be surprise here! 😄😄
he's looking at asian countries from western perspective..... never wanted to know about their cultures and values as if every country wants 'democracy'.....
However, they are far more advanced as a civilization than most of the West. The value of the assets doesn't matter when you have a population that produces value and have values.
🤣 ^You're either *trolling* or the most *lgn0rant* individual on planet earth. 😂
How are the chinese a far more advanced civilization than the west when china is a middle income country while most of the west are advanced economies😂. Some of the mindset in chinese culture are feudalistic and backward 😅
@@bigboss337 ^ More to the point, China only modernised by *C0PYlNG the West:* All the technology, science, medicine, institutions and innovations that elevated humanity into Modernity are Western.
@@bigboss337 More to the point, Chlna only modernised by *C0PYlNG the West:* All the sclence, technoI0gy, knowledge, medicine and innovati0n which eIevated humanity into m0dernity are from the West.
I don't see the link to China at all. China has a better handle on their real estate because the government controls it. They are also controlling their currency. If anything, its related more to the US.
they also control population growth. Patrick doesn't know shit about china. he thinks china has a social credit score. Thats easily verifiable as bullshit. Just ask any of the chinese in the states who travels back and forth and has family there
China never put Yuan for Public to buy is the key here 😂 so Chinese can made in china cheap and improve the labor time to time 😂
@@boiscooka232 You straight up proved my point. China controls everything in their economy while Japan did not.
Lol! Whatever. You haven’t even set your foot in China.
So true ! Because he’s china hater 🙄 and by the way he and his family is originally from Iran
Visiting China is not that big a deal. Its like Tokyo in some places but dirty and poor AF if you actually have to visit the factory that builds your stuff.
@@barryraymond9004have you been there? If you have, then that’s a big deal. Otherwise you are just talking nonsense.
@@rhena229 been there. Done that.
@@barryraymond9004 what year? For how long? Do you speak Chinese so that you can communicate locals? I can, and I was there for three months just last year.
You are the best. The best snake oil potion salesman ever.
I like his content but would never trust this guy.
@@angelpayano6813 exactly my point. He is damn entertaining though.
He got out quick with that PHP MLM lol😂
Chyna bots are crying whenever Chyna is mentioned negatively 🥹, cryna
@@rc3398x Everyone needs to look at those videos about PHP MLM...
The fifth and what I believe the most important factor for the post-WWII Japanese economic boom is the Korean War.
Japan became the staging area for UN forces during this time which heavily profited Japanese goods and service industry.
japan is the reason south korea is not north korea today.
How about no military expenditure for most of postwar- then becoming US colony and hyper war spending… think that affected the economy at all?
You got it completely backwards
What part? Japan has exponentially increased “defense” since 1960
@@ezpeazy5300Yep with just
1 percent of it's GDP 😳 Although this set to change due to recent moves by China and Kim Jong Un
6:08 that’s Macau 😅
I'm only at 7:32 in the video by why does it sound like where the US is rn economically?..
Yet Japan's standard of living is at least equal to, if not greater, than most other 1st world countries.
without contest its better and more beautiful than whole USA combined... no contest usa is shait
Yes I have to say it is above most of the countries but it has been stagnating for more than 3 decades already 😢
As an American living in Japan this is so true.
A decade is insignificant. China had experienced setbacks for a century, but the country began to recover in the 1980s. China's PPP GDP surpassed that of the US since 2016.
THOSE REAL ESTATE NUMBERS ARE TAKEN OUT OF CONTEXT. JAPAN HAS MUCH LESS USABLE LAND WITH A HIGHER POPULATION DENSITY
From a person who is Japanese this isn’t true. With a declining population most of the rural cities are going to be ghost towns pretty soon and there is already small towns that are ghost towns.
The number were high back then and it fell 70% within months and now it’s more affordable to live in Japan.
wealth comes from power, power comes from industry capability. so Japan is not comparable with China. Japan got no nuclear bombs, so it is not countable in terms of power. real estate means nothing when you compare the powers of a country.
"Americans work more than any other countries in the world" 😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂 gotta be kidding me! Funny
That is a fxxxing insult to working people around the world.
I wish more people understood the effects of monetary policy has on birth rates and population decline. First time property buyers can’t save deposits with low interest rates.
Talk BS. You are No idea about China!
China is the most industrialized nation by a huge leading margin, they have the whole supply chain for themselves, from raw materials to high tech and a more than complete service industry. This fact makes them immune to any yapping PBD is performing here.
Because they invest in different parts of the world. They help smaller countries unlike our Western parts where we extract the raw materials.
You can't even supply your basic Iron Ore needs.
@@Linkwii64 China exploits and enslaves almost every country they "help". I have a background in mining engineering, the things they do in Africa is crazy, still they are better option than being exploited by the west. China also has a policy of exploring the resources in their own country. Europe closed the mines and demonized the mining industry while China mapped almost every resource they have, nowdays they are the biggest producers and transformers of most critical minerals that exist even if they are not the main exporter for a given mineral, they can cause significant pressure by controlling their share of the market.
In order to make predictions about a country's future, you have to account for cultural influences. Chinese are more greedy and innovative therefore, they're more prone to cycles... Japanese are more consistent and take seniority seriously. This makes them more prone to a slow death.
Japan didn't develop economic challenges as fast as what's happening with China. That should tell you something.
Chinese is coming up from very low cycle, US is on downcycle ,fortunately it could use Japan to cushion it. All countries go up and down ,the capitalistic system produce extreme greed in west ,killing the middle class in favor of the elite. Chinese dont allow oligarchs to rule by campaign contributions etc...
You china haters underestimate China at your expense your country the US doesn’t control china like Japan you should worry about your country than China who grew 5.2 % last and the US 2.6 🤫
What that tells me is you’re a china hater or doesn’t know about Japan being screwed by the US in signing the Plaza accord ! China will eventually pass the US economy like it or not 😜
The problem of the quality based on economy. You keep achieving it nicely but it sometimes way out of your resources and you try to get more attention and resources to others like Japan is doing. China is keeping steady not only economy but other factor too. Japan is too must obsessed or for their influence they can't have do anything like China and US. Even a small country could take over Japan you can say.
Do an episode on Bulgaria
🇧🇬
36% debt to income ratio is super low.
LOL
compare what happened on Toshiba on 1980s and Huawei NOW, anyone can see the clear difference: China is nuclear power house with full sovereignty which US can't do nothing to stop; While Japan is militarily-occupied, and US can always squeeze Japan as they wanted to, So Japan had Plaza Accord.
Plus, the current USA is NOT the USA on 1980s. USA has pretty serious fiscal limit now.
So for China, it's just now real estate bubble, which is NOT uncommon in human history. it is NOT easy for China, but China can surely go through
No shame in losses and keep trying again and again. Thank you for that very valuable lesson.
"Give it a thumbs up, even if u r in China" 😂😂😂
You would be surprised to see how many mainland Chinese use western medias. Also there's around 2 million foreigners in China and all of them use VPN. I can even introduce to some of my acquaintances in China who are actively using US social medias.
@@FrostKaiser please excuse my ignorance, I simply didn't think any Chinese citizen in his right mind would give the video a thumbs up . Simply because they might get a knock on the door from a Chinese government official.
In the 50s and 60s the USA were fighting two wars and needed industrial production from you know who -- Japan. That boosted demand for their economy like crazy.
Thanks for the great content! Learning so much
U learn nothing from this shits talker. The truth is out there in china, just visit to china and see by ur eyes.
It’s obvious you’re are easily fooled by loudmouth who thinks they know what they’re talking about 🙄 or plain BS
For waht This propaganda??
I was recently in Japan you literally had to search to find any kids.. The percentage in the streets except entertainment areas was 4 out of 10 elderly people and the Japanese people seemed preoccupied with their smartphones not interacting with their environment like at all! Thats the reason you see all those videos in the Metro where there is silence!Everyone is by himself on their smartphones and of course when you saw a group of 2-3 people they were having a conversation.I really love the Japanese people and their culture but that reality watching it first eye really made me sad and to me seems like there will be no good future for the country if they dont change course
china is not even at japan's level per capita when both are at its peak. CCP is rich but the avg chinese is piss poor
you mean avg american?
Just like America the average American can’t afford a $500 dollar emergency expense without credit.
Aren’t most Americans one paycheck away from being homeless?
There is over 1B people in China. Just 10% of its population being rich will overtake most countries combined 😂
Poor? Do mean poor chinese do have a roof on their top, but rich american lives on the streets??? Really???
Your brainwashed brain is pissed poor
@2:30, was Japan 'killin it" as stated, or had speculation created an unreality?
Tulips.
Pat have you been to china? You should see it.
What would that change?
His perception @@JohnDorian-j7x
It would prove he had been lied to, can't rock the narrative.
@thundercock2029Pat is skerred to go to China because he thinks he’ll get arrested for talking bs and spreading lies about President Xi and the CCP. 😂
Question is not if you've _"been to China."_ Question is if you've seen the *REAL* China: Having lived there 10 years, I saw a huge difference between the *Westernised cities* where foreigners are allowed to live and the *abject poverty* outside.
When a person only tells you half the truth, he is actually lying to you.
China and Japan do face similar problems.
But this man is intentionally ignoring the biggest difference between the two countries to his audience:
That is that China is a sovereign state, while Japan is not; Japan is just a colony of the United States.
Japan does not have any way to reject the U.S. Plaza Accord, while China has the ability to resist any U.S. sanctions.
Problem is Japan doesn’t have a military, China does
Japan has a pretty decent Navy
We are Japan's military lol
That’s strange, Japan is the 10th highest military spending country in the world.. where did you get your source from?
en.m.wikipedia.org/wiki/List_of_countries_with_highest_military_expenditures
@thundercock2029 ya I understand that, they still have a decent navy.
I do believe according to the Bible China will be the world super power for 4 years. Short time period 🤷♂️
Im surprised Patrick mentioned the Plaza accord
This guy has probably haven’t visited China for any business related travels. Lol he’s engagement farming . Don’t take him seriously.
You has probably haven't either 😂 if I had to guess
@@kennykasubinski2323 I know for a fact you haven't either 😂😂😂
Yea, what he said about japan is pretty misleading as well.
Regular Americans are getting killed by inflation. Most Chinese and Japanese middle class are living much better lives, its not even close.
I think a lot of modern American patriotism especially by the wealthy is cope for the higher taxes and inflation happening.
@RohankrishnaB If you're touring or there for business obviously the people who you are enriching will treat you very nicely, just wait until you have a single experience and subsequent opinion that is negative. Also the whole cuisine of "tortured meat" is rock-smashing cave man-tier barbarism.
@RohankrishnaBdo you eat dog there?
I caught the dress rehearsal on Vinny's 🙏. Respect to you all
This is the worst analysis and comparison i've ever watched, big talk and lot of BS
Like most of his videos 😬
Inviting the President of China to pay to Minnect with you, is the most baller thing I've seen in awhile. I love it. Lol
Why are u guys so obsessed with China?
cant really ignore them, can we?
How is this video "obsessed" with China? LOL. Its primarily about Japan, if u actually watched the video
@@jack99889988get a life lol. You’re so obsessed on absurd topics.
You Chyna bots aren’t even supposed to be here 🤣, stfu
@@JohnDorian-j7xyou really don’t understand 🙄
If there is a financial collapse in China the impact will be far far greater than what occurred in Japan in the 1990's. A financial collpse in China would compound the problem that they already face in the wake of the disasterous one child policy. This would lead to a population collapse in China which will wreck havoc on manufacturing, labor availability, and wages. Even the CCP will have a hard time covering up the impacts of their central planning failures, short of engaging in warfare as a cover. When the Chinese normies discover how profoundly incompetent the CCP is and has been, they will be utterly enraged. I am not convinced that the CCP's social credit score scheme can keep the little people down in the long run.
They can just print money. They have low inflation, they can print a few trillion and still have 2% inflation.
@@henli-rw5dw No. They can't just print Yuan. Not if they want that currency to become a legitimate currency of exchange outside of China; and they do if the bold move to a gold backed Yuan for petroleum purchases is to succeed.
The CCP is committed to building an alternate currency and banking system to the US Petrodollar. This is what the gold backed Yuan is about. It is also a key incentive and objective for BRIX.
No. China does not have low inflation. Their wages are so high now that they are competing with Vietnam and Cambodia directly for new manufacturing jobs; and losing.
Chinese manufacture will have to shift from competing on the basis of low labor costs to a cost for value or quality proposition in order to remain competitive in manufacture. This is already a problem today.
All of these factors constrain the range of options available to the CCP in covering up their failure to avert the same systemic problem that plagues the rest of the industrial world; which is speculative financial bubbles, particularly in real estate.
@@ivermec-tin666 Why are people complaining of deflation then? Deflation is easy to fix. They are already printing money, just look at their bank lending to manufacturing, massive amount. CPI is already positive 0.8% because of how much they printed. They just not pumping stock and property so is invisible to the West. They are printing so much in fact that their GDP maintains 5% growth inspite of rapid drop in property sector. Their electricity consumption growth is a whopping 11% YOY.
@@ivermec-tin666 11% increase in a 9 Terawatt economy is a ginormous increase in power consumption. That's more power than most country in the world consumes.
Crazy how some people feel free to come here in yt and run their mouth. Saying that the CCP is incompetent is such a stup¡d comment. With china evolution in the last decades i wont have the audacity to say such statement, even if am the biggest western propagandist
Awesome video PBD! Moar!!
Great video keep doing videos on economics please Pat!
Doesn’t take much to impress you 😩
Patrick “just yesdaday N’kay” Bet David
What?
@@fisiere09 He's quoting his mannerisms as his middle name....
The call to action at the end of the video though. 😂😂
Bro, your analysis is absolutely right. In China, most people are very poor. Except for the big cities you can see in the media, ordinary people can't even afford to eat. Therefore, most Chinese people have learned a magic. In China, we call this magic "Bigu". We only need to drink northwest wind to meet our daily energy. Of course, not everyone can do this magic. I am still working hard to learn it. I believe that in the near future, I will be able to do it and I won't have to eat tree bark.
I won’t say any more. The bark I just peeled is ready and I’m going to eat.
Hahahaha. Very good response to this AH talking about China as if it is his home. WTF nowadays with idiot on social media. Say anything to get clicks
I don’t think China and Japan are similar in the way they view failures especially in business. China is less shamy culture; no? I could be wrong
I think you have it wrong ! The Japanese is afraid to oppose the US 😬
crazy to think the last time Japan hit all time high I wasnt even born yet and Im over 30 😅
Homie makes a few dollars and thinks he understands macroeconomics
Great timing Pat, I was just thinking why China has been in the spotlight instead of Japan lately
Western people keep talking about GDP because if we talk about Commercial balance , Population, number of engineering graduates, Foreign reserve, new innovation , industry , natural ressources and military, they are nowhere to be found 😂
Same thing happening in Canada minus the strong economy.
"You mean to tell me....."
India is the next superpower
Hi Patrick, yet another great video. In your opinion is it a good time to invest in Japanese stocks, ETFs, etc?
Why on hell would he give you this unsolicited advice 😂
China's strategists have researched every possible facet of why Japan lost its decades, and is running as fast as possible in the opposite direction.
Both Japan and China don't want to change. Japan stood still for nearly 30 years, China will not because there is still so very much left to develop but it will stagnate.
It's about willingness to really adapt. Neither of the two countries do unfortunately
this guy yaps a lot but has very bad takes. Dangerous combo
Incredible content, as always PBD! Minnect is only available in the US for now right?
Went to China, just to like this video from China.
PBD has no idea, if there is one civilization you don't f*ck with , it's the Chinese Diaspora, and that includes Taiwan. You look at all the economies in Southeast Asia, those conglomerates might be Philippines or Indonesians, but look closely and you'll realize the families that run them are all Chinese descent. So going back to the topic on China, If China eventually develops it's own EUV machine IT'S GG for the United States. It's only a matter of Time. And once Taiwan sees its brethrens across the strait moving forward, naturally in the future Taiwan may adopt the two systems policy. Then it is really GG for the United States. US simply doesn't have the brain power and therefore it keeps on poaching scientists from China and Taiwan. Facts
UA-cam is deleting comments. Go figure.
Sometimes taking time to post your comment. Usually one minute.
Negative. No mansion in the whole world is more expensive than California.
What he said about real estate prices actually happens to be true back in the 1989 believe it or not 😳😲😲
@@ChikaOnyirimba-lj7vo
I don’t believe nothing that Japanese said they said a sushi cost tuna $10 million
No tuna in the world cost $10 million
The editing in this video goes hard
China will be lucky if it’s just ONE lost decade…
definitely need some thing new, cause I have heard China collapse story for 20 years since 2001😂
PBD is utterly delusional about this topic. China is not Japan.
China is leading in AI. Smart cities are not just implemented, but they have several of them of the size of NY working perfectly. Green energy, electric cars...should I continue? All future tech is based from China and we get this video propaganda? Such a ill prepared material, I wasn't expecting from Valuetainment.
A long time ago when I was pretty young, I was listening to some old school truther who was telling someone how the US was using Japan to prototype overseas globalism for the US after WW2. We helped install a nuclear power plant as a failsafe and insurance policy. Japan became such an example of specialization and began to outdo the production of all of our best products and appliances but were cheaper and more efficient.That was what was discussed at that time and I just overheard and keep my eyes open.
For awhile the yen was head to head with the US$ and often a more valuable money. By the year 2000 Japan had sister cities with US nearly everywhere and many of the shipping docks. They were buying valuable US and W. European real estate as well as investing in many tech companies. Their power was formidable. Then in 2011 a geoengineered event triggered a massive earthquake and psunami and Japan was knocked to it's knees once and for all like a Jack Ma or something...If anyone could look further into this it may illumine some other revelations I suspect...