The Point: Who holds back the world economy?

Рет қаралды 5,650

CGTN

Күн бұрын

Пікірлер: 40

@mattwaite5558 11 ай бұрын

Great opening line, Liu Xin 😊❤

@ferguslowrey6452 11 ай бұрын

I really found this documentary interesting and informative. Depth, culture, and Worldly issues.

@BL-db6xt 11 ай бұрын

the American & western European colonial powers condemn the the rest of the world to the least developing economies so that trading with the Collective West is the greatest PRIVILEGE. The American led NATO 21st mindset is still wallowing in the muddy 19th: "You should trade in our term: open your country to our opium or else." These Privileges would be granted to whom who obeys to these Rules Based Orders: 1) All Trades shall be carried out primarily in the USD & secondarily in Euro 2) All transaction shall be conducted via the SWIFT so Uncle Silly can monitor, controll & ultimately spy on for the benefit of the US commerce. 3) All nations should pay the ridiculous Tariff except a few who are the American junior "allies"

@Ace1000ks19751982 11 ай бұрын

Successful people work hard and get things done. Losers, blame other people, and stick their noses in other peoples businesses.

@kckoay6211 11 ай бұрын

In a close economy where a nation does not trade with another nation, then technically, its government can print an unlimited amount of money to finance its expenditure. But in the real world, no country’s economy is truly “close” as such. Because no country can produce everything it needs. Hence, its ability to print money is limited by its net exports. In other words it must be able to sustain its balance of payments without the risk of its currency being devalued, or become worthless. But since the end of Bretton Wood in the early ‘80s, the US is the only country that enjoys the advantage of not having to worry about printing too much money. That is because the US dollar was accorded the status of the world premier reserve currency, and the primary medium for international trade settlement. Just over the first 10 months of 2023, U.S. public debt has increased by about $2 trillion to around $33.7 trillion. In other words, deficit spending accounted for almost 9% of U.S. GDP during that first 10 months. While deficit spending has artificially inflated the U.S. economy, it is not without its flip side, as it fuelled inflation and erode real incomes.

@Ellesar925 11 ай бұрын

Claims that the USA 'prints too much' money are problems in search of a solution. 1. Outside of the recent blip, inflation has been low. 2. It's not like the USA lacks takers for its debt. 3. American debt levels need to be considered in aggregate. While the US government has a debt to GDP ration >100%, it's not Japan. Further, US corporations and households are much less indebted than many other countries. Calculating national debt to include individuals and corporations reveals a much healthier picture than a singular focus on government debt implies.

@istiaqmujibtafader 11 ай бұрын

There is an increasing global recognition that nobody is exempt from the effects of aggressive geopolitical engineering, which the US and its subservient West carry out. The current model of globalization needs to be revised. It has become outdated, no longer providing benefits to the Global South. It needs to be fairer, more balanced, and more democratic. What occurred in global trade? And there was the weaponization of the dollar for international trade wars. The fundamental legal principles that underpin global economic relations, such as free competition and protection of property rights, have been undermined. This has occurred through the use of the dollar as a weapon in global trade wars and by impeding the functioning of the World Trade Organization, thereby hindering free international competition. The United States, like any other actor in the global economy, has been known to exert its influence over its allies forcefully. The United States has strategically utilized globalization to maintain its global influence and pursue its interests, sometimes at the expense of other nations, including its allies. The United States will not hesitate to impose sanctions on any country that does not listen or comply. The United States and its allies, collectively known as the US-led West, imposed stringent sanctions on Russia. The objective was to destabilize Russia, remove President Putin from power, and divide the country into more minor ethnic factions. NATO will continue to exert its influence indefinitely. Anyone who dares to defy US interests may find themselves in a situation similar to Gaza or facing a fate similar to Saddam or Gaddafi.

@TacticalMayo 11 ай бұрын

Good job USA!!!! USA 🇺🇲 USA 🇺🇲 USA 🇺🇲 USA 🇺🇲 USA 🇺🇲 USA 🇺🇲

@yaoliang1580 11 ай бұрын

@@TacticalMayoenjoy your criminal worship

@TacticalMayo 11 ай бұрын

@@yaoliang1580 I'm American f*** China.

@yaoliang1580 11 ай бұрын

Well said, but if you observe carefully, US hegemony is in decline and they no longer able to do as they please like before.

@TacticalMayo 11 ай бұрын

@@yaoliang1580 LOL that's a lie 🤣🤣🤣

@jonathanbethune9075 11 ай бұрын

There are supply chain fluctuations. There are rebalancing issues that have a delayed stimulus. Its catching up.

@RichardBrett899 11 ай бұрын

The growth of US Q3 was unreliable because the overall household credit card debts exceeded the total savings, which have been in a continously decline. Therefore, the truth of US Q3 growth was due to increased reliant on credit spending.

@chintham2861 11 ай бұрын

In the 60s, The US economy was self suffient and world trade only accounted for 4% of the US GNP (the old term). Enter Vietnam War 12-14 years, Nixon disconnected the dollar from gold. War is expensive. The US cut a deal with Saudi Arabia that they could raise the price of oil as high as they want provided the dollars must be used to buy US stocks or bonds but below 50% so they could not take over a US company. Then in 1973, there was the Arab-Israeli War and Saudi Arabia placed an embargo on oil. Gasoline at 30 cents per gallon shot up. A whole chicken cost 30 cents and a full steak only cost US$ one dollar. The US decided to split Islam by ridding Iran of the Shah and letting Ayatollah Khomeni take over. The Petro-dollar was formed. The US economy was in stagflation as unions were very powerful. Paul Volcker was chosen as Fed Chairman. Ronald Reagan became president. The Fed raised interest rate to 22% at one time. Reagan hated unions and de-certified the air traffic controllers in California. Nafta with Canada's new Prime Minister was negotiated. It was formed 8 years later when George Bush Sr. became president. The Reagan-Bush Era outsourced American jobs to countries surrounding USSR. But this created deficits for the US as American bought the household items made in low cost countries avoiding environmental and pollution problems. Reagan started Star Wars the deficit shot up and was involved in undermining the economy of the Soviet Union. The US has shale oil and discounted from the tarsands of Alberta. The oil from these sources are expensive. The US is almost self sufficient except for oil as the ecconomy is based on highways, cars and trucks which require huge quantities of oil. These years were the genesis of America's economic problems.

@Ellesar925 11 ай бұрын

Enlightening segment. But the guest commentator needed a title card. I spent quite some time trying to Google a Yu Kang Wang😅 P.S. His name is Yukon Huang.

@danstenis660 11 ай бұрын

If you want to know where China can improve most, just look at what it imports the most. The highest expenditure of China is high tech goods. There are a lot of unemployment in the newly graduates. The government should provide free housing and food and gather these unemployed graduates together and have them work on different industries. These graduates will receive a small stipend to for their work. At the same time, when jobs are available, they can apply to those jobs. They will have more experience and be more ready for real world paying jobs. Another industry that China can work on is the farming industry. China should build infrastructure to divert water and redistribute water to the desert so its people can farm there. This would allow more food than needed for the whole country, and China can even become an exporter of food to the world. Indoor farming is very efficient, and that can be explored further. Put those unemployed graduates there to work on the farming industry too. China is being dragged down by the real estate problem. China should look into that to see how it can solve that problem. The real estate people involved in the corruption needs to be made an example of. And laws need to be passed so this doesn't happen again. Providing water to the desert is probably the best investment because water is essential to everything. And all of those desert lands would be habitable if there were water there. China can double its livable land just by investing in a water redistribution system to the desert.