China's Economy Just Collapsed and America is Next
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- Опубліковано 27 кві 2024
- America is About to Find Out China's Economy Has Collapsed and We're Next. China market and economy has collapsed and America is Next, DIY and car review Scotty Kilmer. How the recession will affect car prices. Should I buy a car during the recession. The truth about the coming recession and economic collapse. Why car prices will fall during the recession. Car advice. DIY car repair with Scotty Kilmer, an auto mechanic for the last 56 years.
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This is the people's automotive channel! The most honest and funniest car channel on UA-cam. Never any sponsored content, just the truth about everything! Learn how to fix your car and how it works. Get a chance to show off your own car on Sundays. Or show off your own car mod on Wednesdays. Tool giveaways every Monday to help you with your own car projects. We have a new video every day! I've been an auto mechanic for the past 50 years and I'm here to share my knowledge with you.
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Hi Scotty
Dear God, why did we allow China to take over our markets???
America should be 1st always
@@nirmit1298 this troll is brought to you by "Made in China 1984"
What's all that red crusty stuff under my vintage 1989 Chinese battle Tank? it's not rust....
Scottys back after leaving UA-cam for 20 mins
😂
It's an AI Scotty. The real Scotty is already dead.
@@mrxiong2567😂😂😂
🤣
Scotty stick to cars Bro not economics.
When your auto-mechanic starts talking about economic collapse, you know your screwed
I think he's now fully qualified to be a cabby (taxi driver)
He's no rocket scientist for sure nevertheless I've got a bad, bad feeling if he has picked up on it.
Kada artinosi 2008 metu krizė,mūsų valdžia tvirtino ,jog viskas gerai ir taške biudžeto pinigus į kairę ir dešinę,.Mes garaze gincijomes,kada bus krizė inLithuania ,ar po 2 mėnesių ar po 6 menesiu..Prasidėjo krizė po 4 mėnesių.Nenuvertink mechanikų!
🤣🤣
😂 hahahahaha I was thinking the same thing
The World Economic Forum has messed up everything
Conspiracy theory alert.
Germany also in big trouble .
WEF everything they touched turned to disaster after disaster. Stop meddling to enrich the special Elites.
blame others? america is to blame for america's problem. they've submitted to randoms.
That's no conspiracy theory, they really exist and they are very loud with their intentions, they've bought so many world leaders.💯
I finally got me a Toyota 4Runner. V6 just like you recommend. It's the best vehicle I have ever owned. 2014 Garage kept. 102,000 miles. Service record kept. $21,000 One owner. 78 year old used it until he passed. The 4 wheel drive will go places a Billy goat can't. Amazing vehicle. Thank you sir!
Why aren't we experiencing steep car price drops HERE? We're not selling them either.
Because it's a scam. They just sit on them - especially classic cars.
They are greedy.😊
As an engineer, I can tell you that the production cost of the most advanced cell phone is $90. When it comes to cars, the cost varies depending on the level of automation and specifications. For sedans, the cost ranges from $8000 to $13000, for SUVs it ranges from $9000 to $15000, and for pickup trucks it ranges from $10000 to $17000.
damn. ROI is crazy.
better off buying an old one for sure. theyre worth more than what they sell for the old ones.
So why is Ford saying their profit is only 5-7 percent?
Does it include materials?
*CAPITALISM is great - It claims competition will drive prices down all the while conspires to create monopolies.*
That cost does not factor in the DEI rainbow warrior hires to spread diversity
Because they spend billions lobbying politicians@@Emphasis213
Boeing needs to bring back the 727. The only thing that ever fell off a 727 was D.B. Cooper.
Nothing Beoing puts together now will survive. Their whole business now is for profit and that does not include quality in that plan.
That's a hysterical fact
Boeing is now run by bean counters who don't know a damn thing about airplanes.
That's why Boeing stock is absolutely plummeting.
Bring back the 757, too. Great airplane, one of the more 'robust' airframes in their lineup and the power-to-lift ratio made them great for use at short runway or hi-altitude airports.
Yes especially the man made global event they are orchestrating on the east coast with "Cloud seeding" & "GEOENGINEERING ".
Which is a "GLOBAL WARMING EVENT" or a black swan thing
The country is already on the edge of financial disaster...
Because of people like you and me
Thanks to Joseph
China's? yes we already now that
It isn't. In fact it's not even close and economy is actually doing pretty good. No amount of political bitching will change the data.
@@sir.cannabis1173 What did we do?
I know this is hard to believe, but the biggest influence of Temperature on earth is the sun.
True, and also is the natural resource more wasted
So show the paper that shows the sun has intensified its influence in the past 50 years!
@@jasont340 there has been at least 5 documented ICE AGES...the earth has been doing this cycle forever TBH 'global warming' if it exists might be the event that saves 88% of species from dying off like the last ones
More like tectonic and volcanic activity.
@misaelfraga8196 right cause that dormant volcano 40 miles away from me has been erupting with alarming frequency the past 50 years!
Feeling so sad for those poor corporations looking at a hard time, because they've always been so good to us a workers or consumers.
But I don't feel the love.
@donaldintlekofer…Yes. The corporations own our “elected” government representatives. The representatives pass laws favoring the corporations, then corporations raise prices whenever they want to. The bottom line is most important. Come on…DEFLATION!
do i smell sarcasm?
@@MageSkeleton Sarcasm is the awakening process of truth.
They were pretty good to me, as a blue collar worker. I retired at 58.
Electronic cars cost way to much. They were supposed to be extremely affordable.
The thing is they tried to bring the tech into the market way too early. They cost 50,000 at first when the average car cost 25,000.
no they dont, only the very high end ones do
incorrect, they are designed to have a built-in kill switch for when u step out of line they turn it off.
@@janieraltreche1989
Theres one of
Those new e v cars , a luxury model, that 120 thousand bucks. Very expensive, for an ev car...ah , no it was a solar powered car. 120 grand for the thing.
@@jfw138 not really
$95 billion aid to Ukraine, Israel & Taiwan is crazy while everybody in the USA still gotta pay high bills
It never ending
And why the hell does Taiwan need our money? They're rich. If their gov't. needs a little more, tax TSMI
Our government cares about their borders as we are being invaded and it’s encouraged!
And Brandon wants the largest tax hikes in the history of the USA if he's re-elected in November.
That will get us all broke in a hurry.
@@wholeNwonTaiwan is very important to the west
We must remember that, many times, this has led to the starting of wars.
The ocean rose 400+ feet after the ice age glaciers melted. Ice comes, ice goes…… the earth don’t give a chit about you
And we are a transient species like all the others.
The Earth is actually cooling. Lol
Or your co2 and methane
"The Earth will just Shake Us Off like a Bad case of Fleas"
_ Carlin
I miss George. Whenever I hear climate shenanigans his skit always comes to mind.
In 1970 "they" also claimed we were in an Ice Age! 🤣😂🤣😂
We are still in an ice age.
An Ice age is when there is permanent ice at the poles. We are currently living in an inter glacial period of an ice age. We're still there.
The Twilight Zone episode Midnight Sun. A woman dreams that the world was getting hotter . She wakes up to the fact that the world is getting colder.
I’ve been here 71 yrs and the only things that have changed are the quality and price of things 😂
Yep, back in the 70s, they said London would be under 10' of ice by 2000. As far as I know, London is doing just fine in terms of climate. 😅
My brother engineered and I produced a cooler filter housing for Cummins that the dealers sold for $385. Our price to Cummins? $17.85, with a 30% profit
Now my mechanic talking bout China collapsing 😅
Hey Scotty, I love your videos and learn alot from them. This is from a fan all the way in the US Virgin Islands. Next time you visit the island I will love to yell you about dealing with may car brands here and what we face with them on an overall scale. Keep up the excellent work that you do.
Based Scotty. I don’t always agree w his car views but his common sense is great. He lives in reality.
More so than most people
Inflation is going mad over here in NZ.
Europe the same.
Michoacan, Mexico the same. I think its everywhere
Here in Slovenia is about 3%. So we are the lucky ones.
Today I came across a movie theater parking lot full of Teslas. I checked out about 5 checking all the gaps between panels. A good body shop could do a better job after a decent collision repair. I also got to see their truck. $103,000 on the sticker. To me, it looks ridiculous.
Tesla is a POS going hybrid is the way to go.
“Love you Scotty” Speak 🗣️ the truth brother 😎
It was not a collapse of the Chinese economy, but a normal way of the market correcting prices in China. Similar things happen in other countries. In the end, after prices are corrected to a reasonable price according to the market mechanism, the market will eventually return to normal.
Why? Because that's how the market works. Why? Because Chinese citizens and citizens of any country, in the end, will still spend (consume), and that consumption anywhere in the world represents about 50% of GDP.
Looking forward to the reset so prices here in the U.S. can be more affordable.
The reset will probably place you 6 feet under.
“The reset” is designed to ELIMINATE you - and the rest of us!
ya, won't have to worry about prices, or anything else, after the "reset".
@@jackcarterog001sounds like your life ain't worth living
Love Scotty for his "my12 yr old car still runs fine" practicality, but he's not recognizing the pre-production cost of coming out with new vehicles. And new costs more because if no one existed who would pay for new, we might still be riding horses. ( which is not a bad thing - just not too good for 20 mile commutes on Interstates.)
We'd be Re-building good old cars again and again ... Like they do in many so-called 3rd World countries
Listening to Scotty can't go wrong
Thanks Scotty
its called weather modification. project cloverleaf. They're manipulating the jet streams now.
no. think of all the energy people use every day, its insane, thats what affects weather
What really affects weather is time
@@bn880 the industrial revolution hasn’t brought c02 levels back to previous natural levels yet and it doesn’t seem like it will, Research the opinions you DO NOT share and you might learn something someday
I am always watching
Thanks scotty!!!
Ive learned so much from this guy, thanks Scott
When my father was born snowy winter in southwestern Poland lasted 60-70 days at least. I. The last 10 years we are lucky if we get 20 days of snow.
good cause poland is too cold.
@@marblox9300 yes, most people in Poland are very happy. I'm just arguing the climate change is very real with major effects, not whether the effects are all negative.
@@DominikPlaylists This world needs to be warmed up - it's not a bad thing - Look at all the land in Canada and Russia that is now just empty.
@@marblox9300 there is vastly more land at lower latitudes that will be lost. But this is a more nuanced discussion. The issue us people still refuse to acknowledge climate change is real.
@@DominikPlaylists But they used to call it Gloval Warming. That doesn't hold water as our April has been quite too cool.
years ago, i heard from a cell phone tech that a $1000 iPhone cost $49.95 to make, now maybe 250-350?
Wait, didn't our economy collapse like 2-3 years ago and isn't it still in the shitter?
"best economy evar"
Funny. It's sure one of the best economies in my lifetime and getting better.
@@wholeNwonSo you're on welfare then .
It slowed down but still positive (about 2%). I haven't had a problem. If you are in certain sectors of the economy it can be bad. I know real estate (especially commercial R.E.) is bad right now, and consumer finance is expected to get bad.
It was claimed by some that this would happen. Obviously it didn't.
CO2 is a trace gas and was at deadly low levels before humans came along. And we've only increased it slightly, not even close to optimal levels, which would be more like 2000 PPM. CO2 isn't a significant climate driver, at this concentration, and the geological record proves that without any doubt.
Economic growth is related to population growth, China is facing birthrate collapse and so is the United States, the birthrates have fallen below 2.1 replacement rate, which in turn affects the economy. Old people tend to spend more money on health care as opposed to cars. As there won't be as many babies/young people (workers) to replace the aging outgoing population, there won't be as much demand for a large bulk amount of consumer goods such as cars, it'll just end up being a waste of resources as they won't sell. India has replaced China in having the largest population, but India faces birthrate collapse as well. It's a global happening. We're still using an outdated economic system that is based on population growth, so eventually, all economies will collapse unless this is changed.
I think the US has fallen below 1.2
@@sdrc92126 last I looked, it was at 1.6, if you've studied past trends of population collapse, when a society/country falls below 2.1, it is highly unlikely to reverse, thus population collapse. All countries are on a downward curve regarding birthrates, not all countries are in the population collapse zone just yet, but that's just a matter of time because of the downward birthrate curves. Nigeria has the highest birthrates at 5.6, but the survival rate of the children is rather low, say a Nigerian female gives birth to 5 children, 2 of the 5 won't live past puberty, if they even make it that far. That keeps them out of birthrate/population collapse for now, but for how long?
@@shawnburr8692 Thanks, I couldn't remember if it was 1.2 or 1.6 and hoped someone would correct me. :)
Eugenics
im going to go out and make a baby today just to save the economy. we should all make one every 9 months
Oh god I heard about that maggot story on the radio. Most horrifying thing I've ever heard :X
If anything push for a hybrid that is a good middle for alot of people
Scotty is BASED for SURE 👍!
Wow - he's now an economist too!
Dont forget climatologist also!
Yo, I def going to my barber for economic news.
Apple is moving their plant out of China because labour costs went from $5 per day to $7 per day. Moving it to India.
Don't get your hopes up. India is a difficult country to do business in even for Apple. Other countries do not come close to having the Chinese supply chain and infrastructure.
Apple is manufacturing all over Southeast Asia - the company has created more than 200,000 jobs in Vietnam!
Just reported that Huawei phones are outselling IPhones in China for the first time. IPhone does not compare to Huawei. Thats why we can't have them in the US.
@@steinbauge4591India is inept and corrupt. China is organized because of the CCP
@@buttercuptaylor7135 🤣🤣🤣
seawater is better for electrolysis due to having electrolyte already in it, the Hydrogen House already has a working system for solar hydrogen for cars at home
I believe firmly in maintaining and fixing big problems on older vehicles. Im not much of a mechanic, but if i could prevent an 02 civic from going to the crusher, all for a bad transmission, i would. It doesnt make sense why we shouldnt fix our cars, tho it is expensive.
Most should have never fallen for the cash for clunkers scam.
I used to live in a tourist town on the Washington coast in the early 2000s and a shop owner there I knew divulged just what his markup was on items he was selling the tourists. For instance he was selling different themed 24 inch tall dolls for between $30 an $35 each, which he was buying from china in lots of 500 per box which equated that each doll only cost him .75 cents each.
On "Shark Tank", they often divulge their obscene markups.
It's called Seasons.
Come back to Scottie after a few years away. Didnt realise he now did geopolitics, economic and climate change stuff now. Just wanted to know whether I should buy a Toyota or a Honda
The also often put in a different type of oil. The use 10w 30 for everything
Scotty I thought you were done. 😅
Scotty weekly quits UA-cam only to return several hours later after quitting. Our good old Scotty!
@@NoOne-rg7ttI know right. It's like all the car companies that Scott set are going under and yet they are all still here doing fine
Scotty needs a podcast I could listen to him all day
I can't
@@jayc4715 do not care lol.
hiya Scotty, glad to see someone talking common sense about the climate
The normal weather pattern is ice age, not temperate.
Good morning Scotty's this is from new Zealand
Wasssaaaappppp from Northshore of Auckland Uso
Wut? My car guy is talking economy lol😂
Good comments on China and the US economies! Scotty!!
Turn on the Money printing 🎉
Not one single climate change study considers solar activity and the sun is the #1 driver of weather on Earth.
scotty knows bad news drives views
Hey Scotty, have you seen the 'Thunderstorm Machine'?
Worth a peek...
Just came for the economic tips.👍
well car prices better crash here with housing... long over due. tired of all the hedge fun corps buying up all the affordable housing. its very disappointing.
Car prices will get better when people stop buying. But they just keep paying over inflated prices with high interest rates!
@@ravenmoto5948 it's a shame.
I would buy a water powered car.
Darn thing is, you need something to heat up the water*
Increased voltage is not the same as higher energy demand.
And green hydrogen is not so much for cars. First and foremost it is for green fertilizer (ammonia).
ASK your friend HOW the Gulf stream can Change direction. I would REALLY love to know. Along with that, WHICH Gulf stream?
Think about reversing the Flow in the ocean. NOW an easy trick.
Scott, you shouldn't get yourself so involved or even talk about China's car problem since they can't be sold here in the states anyway.
China is dumping them in Europe- they’re just sitting on the dock unsold!
Who the hell is Scott?
@@billwalter9917 HA ha
@@KA9DSL It's a Global World, whether you like it or not, & how China goes affects that world
Hyundai dealership didn’t have to worry about paying for my 2023 Venue. I had the car bought before they even backed it off the transport.
Same for me with my 2022 and 2024 Kias
Sorry.😊
Furniture mark up is ridiculous
Hey Scotty ✌️
WHEN FIRE WAS INVENTED, THE ICE MELTED. 👀
Economist Scotty, welcome to China
Quality control and maintenance on these planes is getting slack.
Scotty the model motorcycle on the shelf is that a model of the Britton built bike?
China's Economy Just Collapsed and I'm Mad as Hell. By The Way, Toyotas Are Best
And I quit!
@@randallfabian6640 😅
Hallelujah!!!! The daily jesus devotional has been a huge part of my transformation, God is good 🙌🏻🙌🏻🙌🏻🙌🏻🙌🏻was owning a loan of $47,000 to the bank for my son's brain surgery (David), Now I'm no longer in debt after I invested $12,000 and got my payout of m $270,500 every months,God bless Chloe Linda Henderson🇺🇸🇺🇸🇺🇸..
Hello how do you make such monthly ?? I'm a born Christian and sometimes I feel so down 🤦 of myself because of low finance but I still believe in God.
Thanks to my co-worker (Alex) who suggested Ms Chloe Linda Henderson.
After I raised up to 325k trading with her I bought a new House and a car here in the states 🇺🇸🇺🇸 also paid for my son's surgery (Oscar). Glory to God.shalom.
Wow that's nice She makes you that much!! please is there a way to reach her services, I work 3 jobs and trying to pay off my debts for a while now!!
Please help me.
Hi that's good you have idea &share to those who deserve it that's great god bless🙏🙏
Do a video on synthetic fuel
Thanks Scotty watch from Tulsa Oklahoma. Been watching your videos for years. Lot of good advice and information.
As a Chinese, I do agree your opinion.
What we and the world needs is for deflation. We need prices of everything to come down.
"Maggots on a Plane" sounds like a great new movie. 😂
Nobody wants electeic cars
That doesn't mean what Scotty said here is true!
I want an electric car.. nah just kidding.
According to one website that I looked at there's about 40 (?) million EVs on the road today. So, there are some people who do want EVs
@@desertstar223 40million attention seekers
@desertstar223 10 million of those EV's will be off of the road within 5 years.
Every generation has their own version of the “Don’t look up! The sky is falling!” guy. This guy is ours.
Need a stiff, black coffee ? ☕
Hello Sir. I want to buy a used Toyota Tacoma. What is the best year to buy one. Thank you
Scotty the renowned World Economist AND Climate Scientist....AND car mechanic
I don't know about Solar Electricity, but Solar Water Heating Dosen't work in The Winter Time. My Parents have Solar Panels for Hot Water and they work pretty Good in the Summer Time.
Solar is mostly viable year round in about a third of the U.S.
Let em know Scotty! Only real UA-camr out here
I worked for the US largest gantry crane manufacturer for 16 years in parts customer service and purchasing let me tell you about mark ups. I was selling parts to the railroad at 300% markup. I'm not talking a few parts but every part was marked up at least 300% and then we would give them 50% off sometimes if they spent enough. I was let go due to slow business yet I was there 16 yeasrs and doing more business than ever so they just let me go in order to hire cheaper help because they were firing all us yet still hiring on their website.
How check for tire sensor in crv 2018 Honda
@Scotty Kilmer . Be intelligent enough to realize that China's economy is NOT falling.
If anything it's stronger than ever before.
China is currently buying record number/ozt of gold at its all time high.
That's says everything you need to know....
Buying gold is not in genearl a sign of a strong economy.
It is actually the opposite you are buying gold because it will not lose value like your currency potentially can in a downturn.
Buying gold doesn't mean much as 1) China's currency (the yuan) is not traded on world currency markets so the gold can only be denominated in currencies of foreign countries, and 2) buying gold is a hedge against economic downturn, not a sign of a good economy. China has a manufacturing-based export economy for so long they don't know how to do anything else. The world started buying products made in other places so China's economy is shrinking. Ask any business/economic analyst who watches China and they'll tell you it might be growing at 1%, but most will tell you its less than 0% (its shrinking).
@@crosslink1493 ask the ccp and it is 5 percent, it is hilarious how many people are fooled by the the ccp's fudged numbers.
China’s economy in the 1st quarter grew at 5.3% while the US at 1.2% . A US bank just collapsed yesterday. I would argue is the American economy that’s in deep trouble already.
Economists outside of China peg its growth at zero, and possibly declining this year by a rate of -1% to -2%. USA is slow, at about +2%. The bank collapse was a small bank with no national branch network and it was absorbed by another bank, most of its problems were commercial loans that went bad. Not a big problem at this point unless a lot of banks start going out of business. BTW: How's that Evergrande bankruptcy going in China? And what about Country Garden, too? Two of the four largest developers of real estate in China going out of business is a bad sign.
@@crosslink1493 the IMF is expecting china to grow at 4.6% this year, and they’re usually on the low side, so most likely it’ll beat that. I’ve been hearing that china will collapse anytime now since 2016 and it never happened. Their real estate bubble is deflating but it’s offset by their industrial growth, that’s why they’re still growing in spite of all that. Unlike the US that bailed out the banksters in Wall Street , China is taking a different approach, that is to bail out the real economy not the oligarchs.
Went to Honda dealership last week trade my car in downgrade for cheaper car payment I was looking at a Honda civic sport. Msrp is 25,600 marked up 1,500 plus mandatory service pack for 4,000$ that never gets used puts that civic around 33,000$ after tax. Ridiculous I did not trade my car in because there was not a good enough deal out there.
I love this guy!
Scotty, no. The Chinese economy is vastly different than the US economy. What's happening in China can never happen in the United States.
Huh😂
NWO
@@JohnSmith-bw9wu if you say so...
@@JohnSmith-bw9wu Why don't you tell me how it could?
Puff puff keep
Yes China has a bid economy problem. The worst part is that China has about 25% of the world economy, and the US has another 25%. In other words combined is half the economy of the word. There is no way one will have a crisis without the othar having a similar crisis, and then itthey will take the whole word economy. A lot of things we take for granted do not only depends on us.
If China or the U.S. sneeze the rest of the world gets a cold.
Scotty you're a national treasure 🙏
WE are still in an Ice age.. as long as we have ice year round someplace ( the poles especially the south pole, and Greenland is covered), that qualifies as an ice age.. This current one peaked about 18,000 years ago.. So global warming is great.. more plants, more food.. As long as we don't screw things up, with all this fear porn... life is change.. get over it! Love ya Scotty keep up the good work here!!
The planet self regulates, epa is a scam
Dam that’s not good to the bunkers everybody
@ 4:24 When they went to the Refridgerator They Didn't Know if they where Going into an " Ice-Age " or Coming Out of an Ice-Age !
Motor mechanic turns into expert in economics without formal education or training is totally believable. Because he has tons of common sense and with that intuition he is virtually an expert in anything. Better than some president who is also a healthcare expert. The country is incredible it's full of experts in everything. How can it be not strong.
Ammonia powered cars is the answer, Toyota is developing one. you can actually power a internal combustion engine on ammonia.