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One of the best reports I've seen on Real Vision. "Absurd and arbitrary" is the best description I've heard said about China. Even though this video is a couple of years old, it is extremely comprehensive and holds up. My personal experience with people from Communist China is the "face behind the face, behind the face, behind the face". Having secret knowledge, deception, guanxi ( 关系), and saving face, has been central to Chinese culture for thousands of years. It will be impossible to force China to conform to international mores and rules.
Let's this sink in, during Mao Zedong's Great Famine, Mao invited many nations to come over for celebration while EXPORT GRAINS to Africa and Brazil at the time to save face while Chinese were dying left and right. Then last year military parade, Beijing shut down all factories for a whole week to create a single "CLEAR SKY" day to fool the world that China has no population. So yes, coming from Vietnam with the same mentality, I can tell that China will do anything to save face and fool international community with many fake conception about China.
this guy is very interesting. I like the fact he is an independent analyst. Debt always catches you in the end... too big to fail? I think there will be flesh to pay if they try it.
"You've effectively had the growth rate halved and the debt doubled, which is hardly is really a successful formula in many ways. I think whether China becomes the world's largest economy is almost frankly irrelevant, because that's just -- that's like just weighing the health or measuring the health of your kids based on their weight."
"Its like meassuring your kids health by looking at their weight" I love that analogy. Same could be said about the west but China is way worse obviously
@@marcduchamp5512 Which one lives longer, the fat sailor without vitimin C or the skinny one? Answer is they both die at the same time. What about the fat kid with a broken leg vs the skinny but healthy kid, who fairs better in the wild?
If you consider that the Chinese financial system is a bunch of chicanery how would you rate the current US financial system, where if they were not able to print money at will they would be almost a third world country with all public debt closing in on 200 trillion dollars.
John Briggs lol what we have $200 trillion in unfunded liabilities $23 trillion in national debt higher than our gdp half the country wants socialism 😳🤔
@Tarzan Oh, you are so wrong, there are consequences, these printings are liabilities deferred and become due eventually, that is why Americas fall will be a disaster in the not too distant future, nobody wants your debt any more, especially China who has financed much of the last 20 years, your Breton Woods deal is falling apart.
@Tarzan You are really not too bright, The US does not print gold, it prints IOU's and they must be honored or the country in effect is bankrupt, there is no point in further discussion, so I wish you well, say Hi to Donald Crook
Yes I would like to get these videos much earlier, but I am viewing them for knowledge with no financial incentive, like reading a history book. The advantage of them being older videos is that the passage of time have helped define the insight or knowledge that is to be had by knowing what has happened since the video was recorded. New videos have to be taken as valuable knowledge on faith and the past performance of the person, however; I am not knowledgeable about the persons being interviewed. Thus my faith must be then based on the past performance of Real Vision.
It seems the conclusion is, "China remains intentionally opaque. How it has evolved may be an illusion." The value of the economist lies in his ability to predict the future. Mr. Howie leaves one question foremost in my mind. Can he see the forrest for the trees? What will the World GDP be in 2030? What are the predictors? Which nations will comprise what percentage of the World GDP in 2030? Can the World force western style reforms on China?
If china is about to collapse economically , can you please explain why the US owes more than 1 trillion to china. The US has a public debt of around $21 trillions and it increases by $1 trillion each year. So who's economy is more at risk??
Utterly misleading...the description states: "Published September 2019", but if by chance you read a few lines into the header, this whole video was actually recorded in 2016 which, when it comes to news and finances, are like light years ago. Never ever will I watch another video from RVF, and a lot of people obviously feel the same way, which is why they have next to no subscribers... Low class for sure and way way way too many adds.
It is a subscription service. If you want up to date information you need to subscribe. if you are using these video's for investment advice then you are in serious trouble.
Wait what ! So from 2009 they've been shadow banking there way into every Country and buying up everything of value, I remember thinking why couldn't our banks match there 1% home loan rates 12 years ago ?
Ok, I finished listening to your talk. I have to give you some credit. To be more effective of understanding China, CCP and chinese people, you need to pay some intellect chinese who has your best interest in mind, who understands your value, to interpret everything you hear in your language. That’s how you know the real truth they are talking about. Do you have such a person with you all the time?
Default debts. High risk in china. YES TRUE but did we not face a financial crisis in the US where the gov had to bail out banks. The deutch bank in germany is facing difficulties today. So it's not about the shadow banking in china but it is the nature of high risk due to your investments.
@@0utc4st1985 Sure, it could be a Trumpian conspiracy...or it could be an algorithm that: - demonetizes stale content - demonetizes embedded advertising - demonetizes click bait titles The algorithm *definitely* does the above. The conspiracy is a maybe. But it can't help.
@John Briggs I literally laid out the rules of how it is biased based on the actual algorithm as discussed by the Google ad team at machine learning conferences I have been at and you want to argue that I need to "do my research"? I hope you don't talk to people in real life like this, because here it just sounds like you are farting out of your mouth.
If started without his father money he be just like ordinary working joe, but you dont know about his bankrupticies. More art of failed deal. mwbahaaaass
@@AndreAndFriends Haven't heard. The close captioning often gets it wrong when it sounds like you're chomping and crunching.....! Scottish accent.... Even well versed in English find it dim & indistict.... ?! Coming from this guy sounding daldrum was certainly stifling to hear to!
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@Jack Malloy now you're getting it
Yes
Why you took 2 yrs to publish this?
Could you open podcast site? Also, could you open the video subtitles contribution?
One of the best reports I've seen on Real Vision. "Absurd and arbitrary" is the best description I've heard said about China. Even though this video is a couple of years old, it is extremely comprehensive and holds up. My personal experience with people from Communist China is the "face behind the face, behind the face, behind the face". Having secret knowledge, deception, guanxi ( 关系), and saving face, has been central to Chinese culture for thousands of years. It will be impossible to force China to conform to international mores and rules.
China's inability to engage bilaterally with the rest of the world, is what kept it poor for 500 years.
china will remain a pariah
Let's this sink in, during Mao Zedong's Great Famine, Mao invited many nations to come over for celebration while EXPORT GRAINS to Africa and Brazil at the time to save face while Chinese were dying left and right.
Then last year military parade, Beijing shut down all factories for a whole week to create a single "CLEAR SKY" day to fool the world that China has no population.
So yes, coming from Vietnam with the same mentality, I can tell that China will do anything to save face and fool international community with many fake conception about China.
The world will just have to break china.
I will never ever buy anything from the companies that spam me with ads.
but all they spam
How do they get money ..some people don't get it nothing is free
@@offworksportsoffworksports3352 and I have the right to not buy anything from them.
ETORO
this guy is very interesting. I like the fact he is an independent analyst. Debt always catches you in the end... too big to fail? I think there will be flesh to pay if they try it.
"You've effectively had the growth rate halved and the debt doubled, which is hardly is really a successful formula in many ways. I think whether China becomes the world's largest economy is almost frankly irrelevant, because that's just -- that's like just weighing the health or measuring the health of your kids based on their weight."
"Its like meassuring your kids health by looking at their weight"
I love that analogy. Same could be said about the west but China is way worse obviously
If your kids were starving, it would make sense.
Which one live longer? Over weight or under weight?
@@marcduchamp5512 Which one lives longer, the fat sailor without vitimin C or the skinny one? Answer is they both die at the same time. What about the fat kid with a broken leg vs the skinny but healthy kid, who fairs better in the wild?
If you consider that the Chinese financial system is a bunch of chicanery how would you rate the current US financial system, where if they were not able to print money at will they would be almost a third world country with all public debt closing in on 200 trillion dollars.
John Briggs lol what we have $200 trillion in unfunded liabilities $23 trillion in national debt higher than our gdp half the country wants socialism 😳🤔
@Tarzan Oh, you are so wrong, there are consequences, these printings are liabilities deferred and become due eventually, that is why Americas fall will be a disaster in the not too distant future, nobody wants your debt any more, especially China who has financed much of the last 20 years, your Breton Woods deal is falling apart.
@Tarzan Then who would lend America money( US Bonds ) answer no one.
@Tarzan You are really not too bright, The US does not print gold, it prints IOU's and they must be honored or the country in effect is bankrupt, there is no point in further discussion, so I wish you well, say Hi to Donald Crook
@Tarzan Vito Andolini Corleone is a fictional character in Mario Puzo's novel The Godfather , he is not real, a bit like your ideas on finance.
Yes I would like to get these videos much earlier, but I am viewing them for knowledge with no financial incentive, like reading a history book. The advantage of them being older videos is that the passage of time have helped define the insight or knowledge that is to be had by knowing what has happened since the video was recorded. New videos have to be taken as valuable knowledge on faith and the past performance of the person, however; I am not knowledgeable about the persons being interviewed. Thus my faith must be then based on the past performance of Real Vision.
Just as all schemers, scammers, conmen, and the corrupt; fake it 'til you make it.
Yep us all that and much more,
mwbahaaaaasses
It seems the conclusion is, "China remains intentionally opaque. How it has evolved may be an illusion."
The value of the economist lies in his ability to predict the future. Mr. Howie leaves one question foremost in my mind.
Can he see the forrest for the trees? What will the World GDP be in 2030? What are the predictors?
Which nations will comprise what percentage of the World GDP in 2030? Can the World force western style reforms on China?
Wish Howie had more content. His insight is terrific.
Watching this December 2019. This interview has aged well, mostly.
Except his criticism of Trump/Navarro’s tariffs ..... which doesn’t look like it’ll age well .....
Filmed in 2016. Almost 4 years old.
Their AIIB is our FED, right? In that case, in terms of debt, the sky’s the limit.
If china is about to collapse economically , can you please explain why the US owes more than 1 trillion to china. The US has a public debt of around $21 trillions and it increases by $1 trillion each year. So who's economy is more at risk??
All this stuff is too old.
what is wrong with that?
The news is that it is on going
The news is it is still ongoing
@Donald Kasper Now China off shore banks worth over $20 trillion.
What's the point showing commentary from 2016, its like reading an old newspaper.
word
No country in the world has friends. Only when sharing the same interest.
Utterly misleading...the description states: "Published September 2019", but if by chance you read a few lines into the header, this whole video was actually recorded in 2016 which, when it comes to news and finances, are like light years ago. Never ever will I watch another video from RVF, and a lot of people obviously feel the same way, which is why they have next to no subscribers... Low class for sure and way way way too many adds.
It is a subscription service. If you want up to date information you need to subscribe. if you are using these video's for investment advice then you are in serious trouble.
Wait what ! So from 2009 they've been shadow banking there way into every Country and buying up everything of value, I remember thinking why couldn't our banks match there 1% home loan rates 12 years ago ?
Ok, I finished listening to your talk. I have to give you some credit. To be more effective of understanding China, CCP and chinese people, you need to pay some intellect chinese who has your best interest in mind, who understands your value, to interpret everything you hear in your language. That’s how you know the real truth they are talking about. Do you have such a person with you all the time?
Default debts. High risk in china. YES TRUE but did we not face a financial crisis in the US where the gov had to bail out banks. The deutch bank in germany is facing difficulties today. So it's not about the shadow banking in china but it is the nature of high risk due to your investments.
This is almost 3 years old...
This is why RV is largely demonetized :|
@Rob Bird - No, it's demonetized because UA-cam wants to focus on suppressing independent content and instead focus on lamestream corporate media.
@@0utc4st1985 Sure, it could be a Trumpian conspiracy...or it could be an algorithm that:
- demonetizes stale content
- demonetizes embedded advertising
- demonetizes click bait titles
The algorithm *definitely* does the above. The conspiracy is a maybe. But it can't help.
@@0utc4st1985 BTW, if you think RV isn't corporate...just LOL tragic
@John Briggs I literally laid out the rules of how it is biased based on the actual algorithm as discussed by the Google ad team at machine learning conferences I have been at and you want to argue that I need to "do my research"? I hope you don't talk to people in real life like this, because here it just sounds like you are farting out of your mouth.
This guy needs to read the book the art of the deal
If started without his father money he be just like ordinary working joe, but you dont know about his bankrupticies. More art of failed deal.
mwbahaaaass
Unfortunately these videos are too old.
This documentary was first aired over 2 1/2 years ago .. it seems like China is going through a life crisis now....
do you attach much significance to the national debts of most nations ?
RECORDED 11/2016
FIRST AIRED 02/06/2017
Was not all maritime admiralty ended in 1999 so needed new contracts?
Where did you hear such BS? There's a lot of common law liars out there preying on the gullible.
very insightful
When it comes to debt, which one is gonna bankrupt first. China or America?
That's a really easy answer
No foreign debts.
I am not a clever person but America and Americans is 40 trillion in debt. No way these can be paid too.
Debt to who? The banksters? How do they get their money??
【箏鼓和鳴】權御天下 Sun Quan The Emperor (Guzheng&Drum Ver.)
2016 interview.
Tbh the sparrows deserved it. Lol
Ah... the Scottish accent and the old news from the video archives...! It can make you feel stiflingly suffocating...!
Closed Captioning is your friend.
What’s the new news?
@@dlwatib thx mate. I love Scottish accent, the sound, the cadence,
.... The capture helps to get the message.
@@AndreAndFriends
Haven't heard. The close captioning often gets it wrong when it sounds like you're chomping and crunching.....!
Scottish accent.... Even well versed in English find it dim & indistict.... ?!
Coming from this guy sounding daldrum was certainly stifling to hear to!
if he don't know, I sure don't know !
...well, you spoke this back in 2016, I'm sure you think different now about Trump's plans and the recovery of jobs for Americans!
it is now 2020, where is the crash? /deeerrrp
Covid19 has sealed the deal. The Chinese economy will not recover.
Awsome videos amazing how to make a sense of the economic situation and current policymaking in the world.
its 2 - 3 yrs old man
@@jeskg720 But relevant...
It looks like this guy is reading a transcript/Teleprompter!
His English is hilarious 😄
One of the great mind.
this guy sounds Irish
to me as an irish man i thought his accent scottish....i guess to many they sound the same.
the guy does not understand China at all..
ENGLAND! RISE! OR SINK! NOW!
IT Chapter Two - Losers Reunited
Original Ideas losers can become winners
Why should you care about the misfortunes of others? Narcissist.
I’ll never buy anything from these pop up adds from UA-cam
op
As much as he is an expert if Chinese Financial Markets , his narrative is more like a rant. I lost from beginning to end. Almost felt asleep
didnt u drink coffee Antonio?
It was pretty much the opposite of a rant. Much of what he says makes perfect sense.
THIS IS OLD NEWS!
Weren't you proved wrong
Well actually this analysis has held up quite well
He’s right, we should always appease Communists.
Brilliant !
the guy does not understand China at all..