"The amount of debt your country carries is a terrible vulnerability." Truer words have never been spoken.

@trifeccta

3 жыл бұрын

@Daniel Kintigh hedge your fucking risks

@bigassdummy46

3 жыл бұрын

@Daniel Kintigh Democrats

@antonshroyer5674

3 жыл бұрын

But Israel needs money to manufacture guns to shoot Palestinian nurses

@FullmetalSP1

2 жыл бұрын

@@bigassdummy46 It’s always amusing when someone with no understanding of economics attempts to use economics to demonize others.

@bigassdummy46

2 жыл бұрын

@@FullmetalSP1 glad you're amused

The Big Short..Margin Call...Too Big to Fail...in that order

@johanbartoli1975

2 ай бұрын

Why in that order?

@mnet117

Ай бұрын

@@johanbartoli1975because its in the order that the events unfolded irl I think

@javieraguilar1853

22 күн бұрын

Order in best movie of 08 crisis

This was a really good movie - like the Big Short and Margin Call.

@ashleyornellas1198

2 жыл бұрын

This is more of a propaganda movie. The Big Short was investors betting on red and calling down a bluff. Margin Call was a bank fully liquidating their assets to save itself. This movie is the government trying to convince people they made the right moves when in reality they just wanted a new monetary regime to gain more control and power.

@venchingfu

Жыл бұрын

What movie is this?

@jinka6171

Жыл бұрын

@@venchingfu title…..Too Big to Fail….

@joshuaaudiedepositario3041

Жыл бұрын

Well, they are the 3 sides of investment. Bankers, Government, and Investors Really good movies. 😊

@drovid008

10 ай бұрын

thank you, got any more movies similar to those three? I absolutely love the format and want to watch more movies similar to this.

Boy did this age well! The US public debt has gone well over 30 trillion USD and inflation is at about 15%.

@davorkarasic

2 жыл бұрын

The inflation seems to be about 15%, a month ago, now is even worse...with a positive note: "the inflation is slowing down", what ever that means!

@paulmolter8656

Жыл бұрын

@@davorkarasic it did not slow down

@realname4401

Жыл бұрын

@@paulmolter8656 It stopped... What do you mean?

@paulmolter8656

Жыл бұрын

@@realname4401 food prices, rent prices, gas is still abnormally high i could go on

@realname4401

Жыл бұрын

@@paulmolter8656 Slow down means that inflation stays where it is, not returns to what it was years ago. Also pull out a calculator and see if those abnormally high prices are reasonable, many businesses are taking advantage of this to severely overcharge customers.

"Even in the US, the relationship between Gov and Private industry is not that simple." Google created by gov money initially.

@wecare838

2 жыл бұрын

Google, the definition of too big to fail.

@user-pt8og3ls5x

Жыл бұрын

No. It's not about gov funds new tech company. It's about capital injection. It's about nationalization which was and is what the US government hate and oppose. But in the 2008 crisis, the US government had to inject capital to those giant banks and investment corporations to partial nationalize these companies to save the economy.

History has taught us that nothing is too big to fail! Including planet Earth!

@seanwebb605

7 ай бұрын

The Earth will carry on for billions of years after we are gone. Humans are in danger. The Earth will recover from us.

@bdavidk144

Ай бұрын

Your statement is bold and a bit ignorant.

And at the time they were talking back in 08, national debt was about 12 trillion. Now it is 26 trillion. We gonna have to sell a lot of ass to pay that back.

@bunkerman99

3 жыл бұрын

Sort of. We have two choices or a combination of both we either 1) have to pay it back or 2) Increase wealth faster than we are creating debt or a combo of the two. Finally we have to do all this without tipping over the inflation hurdle. So far we are accomplishing this but it's fraught with problems. Not out of the woods yet.

@adinicic4259

3 жыл бұрын

@@bunkerman99 Uncle Joe needs to start pruning those stimulus giveaways until citizen joe goes back to work and contribute back to the coffers. Otherwise it just goes to back debt and no potent surplus to pay it back. Maybe in 2050 they'll start to understand how all that debt leads to trickle effect from top and all way to bottom worker.

@bunkerman99

3 жыл бұрын

@@adinicic4259 One problem is that 70% of all tax receipts go to social security, disability, medicare and medicaid. Leaves 30% to run the country. Pretty tough. Clinton, Bush, Obama and Trump all printed hideous amts of money, just printed it to pay bills and I'm sure Biden does as well. Can't raise taxes bc that loses elections. So tell me how you win the election, keep services and pay debt with this current tax structure. If you cut services you lose. If you raise taxes you lose and if you focus on one sector (the rich) to raise taxes they have to cut payrolls to pay the higher rates of taxes. Everyone wants to live a good life and there are not enough resources to accomplish that.

@JnEricsonx

2 жыл бұрын

Well, we have a lot of whores in government, they should be used to it.

@josephbrennan370

2 жыл бұрын

@@bunkerman99 the basic economic problem. I think taxes will still have to rise and the populace will have to accept that too much debt has been taken on.

The system is built on constant growth. Nothing grows forever.

@realbuzzlightyear

10 ай бұрын

I've been saying this for a while now. We also measure success with growth but everything has it's limit.

I was cast as the Asian diplomat's wife in this banquet scene we filmed in 2010. James Saito asked me how did I get booked on the role of his wife? CC told me it was a producer's pick from the headshots of all Asian talents in their database. It was a 10 hours shoot we did in this scene in Queens, New York. Time flies since our economic collapse in 2008 and the pandemic of 2020 now will really bring our economy down the drain. I created a podcast (@t for doctors to predict the pandemic will last for two years. So, in 2 years we have to endure the financial difficulties of the time. Always have faith in God so we can all get through this. @

@jagatdave

3 жыл бұрын

Bit funny part is ..scenes shown for financial crisis like...empty roads ...were fake...nothing of that sort happened in 2008.. coming back to 2020...roads are truly empty...my biggest worry is fake news of large number of people dying in hospitals due to covid19...may be there is catastrophe near by when people will actually die on streets....

@strateeg32

2 жыл бұрын

no one cares about your insignificant role. next

@valeenoi2284

Жыл бұрын

@@jagatdave 1+ million people died. The hell are you talking about?

@mochalo4912

Жыл бұрын

well covid did indeed last 2 years , the economic crisis is beginning now

@valeenoi2284

Жыл бұрын

@@mochalo4912 You seem to be poor.

When you c 2 business entities talking, that’s NOT a threat, it’s business talk. Gentle dinner is ok-part of business, but sharing n reminding in which opponent gets clue as “threat,” that ain’t the right thing. Two strong legs have to support each other n remind themselves that they are strong holding human body.

As usual...the better the video...views are always less than 10k...

@iseeyoo9729

2 жыл бұрын

we have a thing here in the US called in denial of the truth.

Why is this a friendly reminder? Because in one swoop that the Chinese diplomat told the US that not only there is vulnerability in the US economy, he also told them there are entities (in this case, Russia) who are aware of it and wants to take advantage of it. He also told the US that China has not agreed to dumpster the US economy by agreeing to such a deal. He is also telling the US that should the situation worsen, there will be more and more entities that are looking to exploit this weakness at which point China may have to join to salvage their money, then it would be qoute 'nothing personal, just business'. He is telling the US diplomat about what is happening in the international market behind the backs of the Russians, and to warn them of the danger if nothing is done. This is why its a friendly reminder.

@sumerian88

4 ай бұрын

Well, now China is facing their own 2008 albeit in a somewhat different form and with their own lot of additional worsening factors.

@the1onlynoob

4 ай бұрын

@@sumerian88 China's economy is foundamentally different from ours, not because they consume differently, or buys a lot of houses, or have less millionaires or whatever. The key difference is that Chinese giant companies, investment firms and other huge 'concentrations of wealth' cannot use their money to buy political power. There is no lobbying, no campaign contributions, and no independent FED making market driven decision on interest rate. This means that when faced with economic issues, their government is not limited in their solutions. It means that in response to a hypoethical 2008, they have enough people and can take much more precise actions and direct intervention actions than just printing the money and swapping out the bad debts. They can selectively guarantee consumers while letting developers and speculators lose money. They can go beyond limited liability and liquidate CEO assets for mistakes they make. They can simple appoint state owned companies to finish building projects that goes bankrupt. They can direct banks to simply 'revalue' real property and restructure debts for consumers whenever it make sense. Hell, they can even just put up forbearances against mortgages or just simply forgive a certain portion of mortgages. With unlimited regulatory power and the ability to make VERY careful tailored market regulations, China has been able to turn every big crisis into a small problem, turn small problem into a nothing. This is how they deflated Evergrande's real estate bubble over a year ago without causing a market crash. This is how they can simultaneously STOP all consumption of Japanese fish without causing huge disturbance for consumers. This is how they win trade wars against Trump. And this is why there have not been a single recession in China for almost 50 years.

@richardkim426

2 күн бұрын

@@the1onlynoobare u phd student?

And the debt has increased about 4x since then.

@danielschmider5069

2 жыл бұрын

looks like China will have to make 4 phone calls now - the problem is solved

@seanwebb605

7 ай бұрын

But what is the debt to GDP ratio?

The greatest flaw in the modern Capitalist system is that it's entirely predicated on things going well; consistently and indefinately. It has absolutely no tools for handling crisis, especially of its own making.

@ericblount8429

Жыл бұрын

You have absolutely no clue what capitalism is if you genuinely believe your statement, no system in the world can predict things going well at all. Capitalism has never once relied on "things going well consistently" if that was the case then every single start up business in the world would have succeeded. You communist retards are so high on your delusion of grandious intellect that you cannot even step back and realise that the most basic shit you've ever said is the most incorrect statement that anyone with a 14 year olds grasp on capitalism would have pure spine tingling cringe

@ericblount8429

Жыл бұрын

Also if capitalism has no tools in handling a crisis then why are private businesses such as Wall mart and others handling aftermaths of hurricanes way more effectively than government spending programs

@ericblount8429

Жыл бұрын

DURR HURR MORE GOVERNMENT IS NEEDED

@nicholassmith7984

Жыл бұрын

@@ericblount8429 Better government is needed. The size needs be as large as is needed to govern effectively.

@nicholassmith7984

Жыл бұрын

@@ericblount8429 The government is under the capitalist system. If it's gaining no revenue and putting no resorces into disaster preparation, of course it's going to be flat-footed. Just look at Florida; railing ceaslessly against government, but then thrusts its hand out the moment the hurricane hit.

With a single phone call to Moscow....

@darthvadeth6290

Жыл бұрын

China saved US in 2008. Then backstabbing US is now trying to suppress China's rise and keep it's hegemony. US is truly an evil imperialist empire

15 years later, now China is getting closer to that edge. Look at their housing market. So much debt, so many empty apartments that are now getting devalued.

@rhettdemars9650

Жыл бұрын

Oh yeah it's coming soon........................

@inigobantok1579

Жыл бұрын

The housing bubble and the liquidity crisis happening with their banks is an 30 year time bomb waiting to happen

@valeenoi2284

Жыл бұрын

@@inigobantok1579 Look at you going places.

@realname4401

Жыл бұрын

Hot take: Based on the accuracy of every single western prediction for the Chinese economy for that last 20 years, I would bet on the exact opposite of what they say. This is purely empirical and has no logical basis, but they've been wrong so many times it's getting hard to put any faith in what they say. China is the land that failed to fail, with every pundit saying "Next year, I promise it's going to happen" for the last 20 years.

@valeenoi2284

Жыл бұрын

@@realname4401 Idiots read trash they happened to pick up on the Internet. Can't help you. Mid 2030's is when China will start seeing some trouble time. Their housing market is in sh*t water now.

America in a financial crisis, our opponents see an opportunity

@darthvadeth6290

Жыл бұрын

China saved US economy, and US paid them back by attacking them at every front. Typical imperialist 😂

@user-pt8og3ls5x

Жыл бұрын

YES!! Exactly. Whenever the US faces a financial crisis, the USA attacks a rich economic entity to drain dollars back to US. If you consider these, China and Russia does not look so bad.

RIP William Hurt

If China and Russia had simultaneously dumped Fannie and Freddie it would have been the end of their economies as well. The shear amount of debt is never the problem. It’s the miss pricing securities by the ratings agencies that led to the crisis.

@trumplostlol805

2 жыл бұрын

No. That allowed things to continue on a little longer than it should have, but that didn’t cause it. The crisis started when banks took advantage of the lack of regulation, and you can thank Hank Paulson and his buddies for that. They were making so much money from their subprime mortgage junk, they didn’t want to see where the money was actually coming from and how stable it was. They were allowed to loan to people who had next to nothing. Remember NINJA loans? No Income No Job, yup that’s right, that was an actual thing in this country. And they weren’t being lent $100, they were being lent hundreds of thousands of dollars in mortgages that they’d never be able to come close to paying off. Then you add greed and stupidity to it, where funds hedged their pensions and investments on the ‘health’ of our housing market, and that’s how a housing crisis turned into a financial collapse.

@cathulionetharn5139

2 жыл бұрын

@@trumplostlol805 it actually went even beyond that with regulation that encouraged/forced the banks to lend out to minorities, think affordable action except worse and in finances

@rossmacrae749

2 жыл бұрын

@@cathulionetharn5139 I think you mean affirmative action, not a good look that you don't even know the name of something you're attempting to criticise.

@cathulionetharn5139

2 жыл бұрын

@@rossmacrae749 nah, I know it's affirmative action, must have had a brainfart while writing that. good catch tho

@dr.andersonsghost4315

Жыл бұрын

No, that's the biggest misconception. Their economies will shrug it off, especially China's, whose economy isn't built on fairy dust, unlike ours.

Today's date is May 18, 2024. National debt is 34 trillion and counting.

Would China decline the offer from Russia today?

@aryciozjksyksjxifk5482

2 жыл бұрын

china owns us real estate

@iseeyoo9729

2 жыл бұрын

could you believe that China owns the Grand Canyon..... the biggest hole on earth for God sakes.

@darthvadeth6290

Жыл бұрын

After US started the trade war, tech war, political war, propaganda war, etc...I would say no, lol

@user-pt8og3ls5x

Жыл бұрын

If China can't buy what it is need, like chips, from the USA, why would China hold US Dollar.

@Neelinmact

Жыл бұрын

China is also dependent on us market ,, even in the worse crisis no one wants USA to fall (which on itself is not possible) but us should always remember they also have a huge responsibility along with huge power

One of the unsaid consequence of 2008 was geopolitics. Much of “America’s enemies” today were awfully friendly in 2008. What changed? The ruling, rich and influential class of those countries had a lot of stakes in American financial system, and they still do. The effect of 2008 terrified them and instead of bowing to the globalisation umbrella, they seek to create or maintain alternatives, where they can maintain their wealth and stability in the face of destabilisation of the U.S financial system. Considering what followed the financial crisis: China changing its stance on international politics, rise of Xi, Putin returning to the lime light over Medvedev with more conservative stance. I won’t touch on the development in the Middle East as it’s too soon to comment on Israel going more conservative and Saudis being more independent from America’s umbrella. That’s how much 2008 shook the world. Even then, much of those countries still show up in Davos. They are all in the same club after all. Yet, I feel it’s such an under discussed part of the financial crisis. When it occurred, in my backwater country, the ripple caused a reversal of fortune for the ruling faction and slowly eroded their influence until they were usurped and ultimately purged by their rival.

Every country with a central bank is in the same position as the US in this scene. Whoever owns the central bank; by default, owns whatever govt that they loan to. In other words ALL nations are bound to fail if one domino collapses.

14 years later the US debt has ballooned to $36 trillion.

The irony is those bonds were still safer than anything in China.

@CoC4Life-rs5qd

3 ай бұрын

Not at that time.

@175924

Ай бұрын

No at all

The actor who plays Winnie the Pooh does a fantastic job.

@cspan1993

3 жыл бұрын

This isn't Xi. Xi wasn't in power yet.

@CaptainFlapjack002

3 жыл бұрын

You’re both a little shit and an idiot. That’s not Xi numbnut

@CrazyMunky84

3 жыл бұрын

@@CaptainFlapjack002 Who the fuck is Xi?

@kelvintan6669

3 жыл бұрын

The hilarious thing is my white bairen friend - what he said is still correct as the amount of debt has expanded significantly since 2008 with no end in sight

@CrazyMunky84

3 жыл бұрын

@@kelvintan6669 What is the hilarious thing truly is the President of China is Winnie the Pooh. He cannot go by any other name. His name is not Xi Jinping. His name is Winnie the Pooh! The President of China is a fat diabetic bear from White River, Ontario, Canada. This is confirmed fact, agreed upon by god himself.

Does this vulnerability still exist, I wonder?

@the_expidition427

Жыл бұрын

Absolutely.

Globalization is the worst thing humanity has done (besides social media). The world's finances should never have gotten this involved with one another. The financial industry in the US needs real, actual regulation; real, actual consequence for fraud (no one went to jail for the 2008 crisis?!?), and a reduction in what things a person can invest.

Jesus, you think conversations like this happen nowadays?

Why don’t they just do this now? Might as well at this point.

@Blueeey

6 ай бұрын

Because China’s investment in the US would be worthless. The two economies are heavily tied.

America needs to create ways of being independent from these psychos

@ASK-ko9qx

Жыл бұрын

Well then create your psychopathic ways in line with your economy. With the current economic situation you need to those psychos more than they do.

@MacNCheese69

Жыл бұрын

America and Europeans have always begged at China’s doorstep. There’s a reason they had to resort to using Opium to flood ancient China and then use guns like ghetto monkeys to break open the country for “trade” because they couldn’t come up with the goods on their own. You really think you can grow tea leaves in the middle of England? Never forget it wasn’t China who came to the west, it was the west who came to China over and over again.

@ta5664

Жыл бұрын

@@MacNCheese69 Let me guess your either a bot with fake followers, or your a legit CCP shill who wants to be in there favor.

bar nee

China : The amount of Debt your country carries is a terrible vulnerability Meanwhile also China : Becomes the second most indebted country in the world actually surpassing US 🤦

@ignaciopazgarcia5370

2 жыл бұрын

The US owes 1.1 TRILLION$ to China for your information

@mallarchakraborty6521

2 жыл бұрын

@@ignaciopazgarcia5370 would you care to also read up on how much Chins owes the US? you can come back then. None of them can choose to throw each other under the bus cus it would be committing suicide.

@mbaxter22

2 жыл бұрын

Is was wondering when someone was going to point this out. People forget the Chinese are people, too, and have many large-scale economic mistakes, the excessive creation of debt being one of those mistakes.

@ignaciopazgarcia5370

2 жыл бұрын

@@mbaxter22 what debt. The US has more debt thsn china

@Opticillusion160

2 жыл бұрын

@@ignaciopazgarcia5370 nope

They just did what he threatened to do today btw guys

If they destroy American economy, their economy and others gets destroyed as well. Remember, it's all entangled beyong comprehension. The nations debt is not like your personal debt their scope, reach ,necessity and effects are completely different.

An empty threat. If the Russians and Chinese had dumped securities, the US would have been forced to fire the bazooka. Prices would have rebounded, and it would have been a case of the Russians and Chinese buying high and selling low. Their loss.

@vivek27789

2 жыл бұрын

Not that simple...too many variables and also too much exposure.

@vivek27789

2 жыл бұрын

Not that simple...too many variables and also too much exposure.

@dr.andersonsghost4315

Жыл бұрын

Nope, not an empty threat. That bazzoka you think so highly of would have produced hyper-stagflation, which makes what we're experiencing right now an absolute picnic. Imagine inflation rate of at least 40, 50%, probably a lot higher, coupled with a collapsing GDP and the resulting unemployment, probably north of 25% or more. It's like 8 years of Joe Biden packed into one month.

well,,, they failed

This shows how fragile the US economy is. In summary, we cannot allow more bravado from the current president of the country. Next November we have the option of expectorating all the mess that it generated.

@nickname8668

3 жыл бұрын

Yeah, it is a wise choice to surrender first before losing a war US simply cannot win

@jagatdave

3 жыл бұрын

Donald Trump had helped reduce USA deficit...u need to respect your president...

@nickname8668

3 жыл бұрын

@@jagatdave That is the most hilarious joke I have ever heard.

@ramsy4205

3 жыл бұрын

You don't seem to realize who caused this mess. Barry sataro. Aka barack obama

@nickname8668

3 жыл бұрын

@@ramsy4205 I seem to recall he was not president yet when the crisis began.

why they arent doing it now helping freind moscow ?

@rankoorovic7904

Жыл бұрын

Because Moscow sold almost all of theirs US bonds they are not even in the top 50 by amount of US debt they own.

@user-pt8og3ls5x

Жыл бұрын

Have you watched the Margin Call? It's the same thing. When you are a big bond player, you can't suddenly dump all your bond without loss, especially when there is not enough buyers in the market.

@rankoorovic7904

Жыл бұрын

Actually i saw today that China is selling US bonds for a while now they haven't been dumping them fast.I was surprised by that honestly but seems to be happening just not that fast

@fred-gg

Жыл бұрын

​@@rankoorovic7904 cuz china wont sell it for a loss. USD itself is too big to fail.

@rankoorovic7904

Жыл бұрын

@@fred-gg China has been selling since 2018 Russia has basically sold all of it's US bonds

This is just stupid. American sovereign debt is NOT a vulnerability but a strength. It's a financial hegemony US has been enjoying since ww2 victory. Why? Because any country holding American debt cannot hurt America without hurting itself first. America would show vulnerability if countries no longer buy American debt.

@seanwebb605

7 ай бұрын

That's some empty blather.

Winnie the Pooh, I mean Chairman Xi, is in this flick.

Look at Biden and Ukraine!

Taking a threat from a country committing genocide, is like having a homeless man giving you financial advice.

@ooidaboi

Жыл бұрын

All 3 of the countries in this video are allegedly involved in genocide in some capacity, it’s ironically unclear what you’re actually referring to LOL

@IShallCallHimTaders

Жыл бұрын

@@ooidaboi Only one of them is currently committing it. OMGMEGALUL.

@ooidaboi

Жыл бұрын

@@IShallCallHimTaders Russia is currently killing Ukrainians. The US has been displacing and bombing civilians in the Middle East for the last 2 decades. Please view geopolitics more objectively… you’re literally ignoring facts to maintain your biases.

@godzillamothra5983

Жыл бұрын

Genocide? I'm confused, the US is the one taking threat, right?

@tailgunner2

Жыл бұрын

Hate to say it, but who is more wealthy? A man that earns $300K a year, but 6 million in debt, or a homeless man with $12 and change in his pocket?

Now it seems China will need u s help . How sweet it is

And then they gave us COVID 😬

@iseeyoo9729

2 жыл бұрын

chinese virus was developed and funded by these greedy corporatists like Gates.

Trump once again, proved RIGHT.🇺🇸🇺🇸🇺🇸

@rickcastellon9090

2 жыл бұрын

STFU. Dump declared bankruptcy 5 fucking times.....Not once.... FIVE times...

@isaacasunciongallardo9781

Жыл бұрын

Trump is dotard along with his orcs supporter thinking him like a messiah.

@thedon1570

Жыл бұрын

@@isaacasunciongallardo9781 we only speak English here Russian sorry

@isaacasunciongallardo9781

Жыл бұрын

@@thedon1570 prove that you don't have an iq

@christophertan3195

Жыл бұрын

LOL Hi bot

Let’s be honest, China would do it in a heartbeat if it was to their advantage