China's supply chain dominance means the Inflation Reduction Act is already dead.

A key feature of Biden's Inflation Reduction Act is the re-shoring of critical tech for clean energy, especially in battery technologies for electric vehicles. But China has near-monopolies on the refining and processing of all the battery components, as well as huge production cost advantages. According to analysis by the International Energy Agency, even after the projects announced under the Inflation Reduction Act come fully online under the most optimistic scenarios, China will still have two thirds of the world's production of new energy batteries, at less than half the cost.
Resources and links:
Mining.com and Visual Capitalist, Visualizing China's dominance in clean energy metals
www.mining.com/web/visualizin...
How does the US race to onshore clean energy stack up?
www.canarymedia.com/articles/...
Bloomberg, China extends clean tech dominance of US despite Biden's IRA
www.bloomberg.com/news/newsle...

[@willengel2458]

China missed the industrial revolution and suffered a "Century of Humiliation". China sure ain't going to miss this one.

[@thisiskevin1000]

Industrialization happened in the 1950s with the assistance of the former USSR, the rest of the Eastern Bloc (former East Germany, Czechoslovakia, Yugoslavia and Hungary) and a few friendly Western states like Finland, Switzerland and Sweden.

[@jimmielin1141]

@@thisiskevin1000it’s industrialization 2.0.

[@rw3915]

I'm guessing the west who helped China industrialize, for their own monetary benefit, never guessed it would come to pass that China would become a peer (or near peer) in every aspect. America shut China out of the Int'l Space Stat'n, now China has their own space program and plans to colonize the moon! America shut out China on military hardware, now China has cutting edge hypersonic missiles, along with anti-access plus area deiial weaponry and the outer space satellite comm array to guide those variable glide path warheads. China went from a brown water naval light patrol force to a large blue water navy to prevent an invader from sailing in, parking an aircraft carrier or two out of shore launch range of typical antiship missiles and then have the former freedom to fly sorties with no resistance. Yeah, I think all countries in and that originated from Northern Europe, they had such dominace over eveyone else, especially in the earlier centuries where Westerners captured, and enslaved humans in a manner no different than say like catching a common animal and making them slaves, endentured servants and similar, to how things are now. I bet those Westerners think how in the hell did those backward and backwoods yellow people from a few centuries ago turn into an equal, or at the very least, a near peer. It just goes to show, Westerners are not the only smart ones in the neighborhood we call the globe. Still though, America still pedals that old racist Yellow Scare propaganda after the Union Pacific Railroad brought over 20,000 plus men from the Canton region (now Guangzhou) to buld the Transcontinental Railroad's western rail spur to Promontory Point. After that, the Chinese labor force went from cheap labor to be exploited to then be demknkzed by the Yellow Scare B.S. to whites passing the Chinese Exclusion Act. I don't see why many people were up in indignation and the holier-than-art thou feelings of indignation when Trump passed the Anti-Muslim ban. Hell, the elite whites outlawed Chinese immigrants lock stock and barrel for almost in the 1870s. It wasn't until WW2 where the Japs bombed Pearl Harbor and the Pacific Theater of War started that the attitude tide of unfavorable status to favorable status came about. And even then, it wasn't until the Kennedy Administration came about that Chinese were allowed to immjgrate freely like the rest of say western Europe. In America, I have the sinking suspicion the elite whites think how is it that those "coolies" over there don't do as we say, and how dare they muscle in on the elite white hegemony, which js the order of things. As the saying goes, the more things change, the more they stay the same. It's good that mankind now is forced to not subordinate others on our small planet.

[@chriscain7333]

Uncle sam also in the ewuation​@@thisiskevin1000

[@petehoney1]

no one exer thinks to thank poor hard working people who make great stuff for us at a small cost for twenty years of keeping rich country inflation down 🤔

[@good2freelance1]

The US should called it ''banned all import act''

[@hz240]

Too blatantly obvious. They need to sugar coat to keep the masses in a hypnotic comatose state.

[@eugenec7130]

Also known as the National Suicide Act.

[@iqbang9236]

......from China.

[@terenceho]

China displayed patience and played the long game. Finally the west realises and panics.

[@willengel2458]

luck was and still is on China's side. Bush had a plan to cut China down to size but got distracted by Afghanistan and Iraq. it was the empire's overconfidence and miscues that China gained a decade or more of time to grow and buildup.

[@brunoheggli2888]

Why should the west panic?

[@willengel2458]

YT censored my reply. LOL

[@Go4Broke247]

Miss the old YT, where you can troll and debate, no censored

[@tbhUSuckOo]

Hide your strength, bide your time.

[@amandagrant4331]

US is keen on printing money and is not interested in the supply chain. Even the CEO of US manufacturers (such as Boeing) only cares about stock price rather than manufacturing.

[@Ahoooooooo]

Why would i work if i have a money printer at home ?

[@hikingwithsaabath957]

today, you don’t have to print, just add some number to the account balance.

[@alanwu5788]

they kicked out Chinese engineers and invite Indian engineers instead

[@sciagurrato1831]

Boeing CEO Calhoun “steps down” after he receives 2023 compensation of $33 million - up 50% from 2022.

[@alanwu5788]

@@Ahoooooooo yes,every body like it

[@cabasadefogo9533]

Irony of irony. The inflation reduction act actually causing more inflation LOL

[@ngheanchoong]

Uncle Sam is lying to himself and his people

[@Dollarrmb-pk6ub]

When a country is run by incompetence. It will turn into Hollywood's scene. Full of smoke screen and drama.

[@bungkusi2432]

The root problem in the USA is bad infrastructure. Without affordable housing, school & medical, electricity, water, transportation & communication... the labour cost will be high. As simple as that

[@cls-py8uh]

It may not actually be as simple as that. In reality, if one were to take the PRC out of the picture, then the United States is actually doing quite well, very well, in a much greater diversity of industries and STEM subfields. However, with the PRC in the picture, significant swathes of traditional U.S. domination were almost annihilated in a matter of less than 2 decades (compare to the timeline of centuries). As a result, it is incredible to witness how the United States, previously a super power, would decay so rapidly relative to many others historically (for instance, contrast the U.S.'s duration as a super power versus that of, say, the Western Roman Empire, the Eastern Roman Empire, the Ottoman Empire, or even, the Ming Dynasty). It is the return of China as represented by the PRC that had completely displaced the United States. This is potentially a terrifying suggestion to some, since what is implied is that, even the United States at its best will not be able to prevent the return of the Chinese civilization.

[@StephenYuan]

No, the root problem is the dysfunctional political system that turns out irrational policy decisions, creating useless trade wars, ignoring critical investments, allowing manipulation by self interested actors, creating chaos, conflict and confusion.

[@yimingtian6380]

We don't have affordable housing in China either. 😅😅

[@cls-py8uh]

@@yimingtian6380 Despite the imperfections, the PRC today enjoys the highest rate of home ownership by far, and including in its younger demographics as well. Indeed, there were many subtleties in the communist's strategies toward obtaining and securing the means of production, however, one of the consequences that followed was the explosion of corruption and economic inequality, an issue that is being slowly, but painfully, resolved by such counterparts as Xi Jinping today (note the recent deflation of the property bubble). If being the best of all major countries on Earth still warrants the comparison of the PRC's impressive homeownership rate with the homeless crisis of the United States, then there should be no difference between, say, an Einstein, and a monkey.

[@Dordord]

No, the critical word here is PLUTOCRACY. Your policitian sucks, you vote for them, they steal your money for their BOSSes behinds them😂 Who are the BOSS? Just think who yoi cant criticize in the states.

[@kenwang2022]

You rock bro🎉 keep reporting the truth out of China to the world!

[@YongLi-np3wg]

I'm here in Beijing. As far as I can remember,prices have not rised for at least 5 years which include products from eggs to electric vehicles.

[@brunoheggli2888]

Thats bad!

[@frankm6218]

@@brunoheggli2888why is it bad? China didn’t print money during Covid, it is why.

[@YongLi-np3wg]

@@brunoheggli2888 Yeah. We are sort of worried about deflation right now. But not much though.

[@brunoheggli2888]

​@@YongLi-np3wgI am not the "China is collapsing"guy but deflation is way worse then inflation!The China etf in US dollars has a negatif performens the last 10 years!Its not locking good,but things arent hopless!

[@brunoheggli2888]

​@@YongLi-np3wgStill dont know if the bottom is near in the China stockmarket,thinking about buying Tsingtao and Alibaba stocks!

[@LeadingIndicator]

YOUR WORK ROCKS, BROTHER. STAY SAFE, STATY SHARP. CHEERS.

[@Freedom_from_imp]

How do you reduce inflation if your citizens are forced to buy cars at inflated prices?

[@douginorlando6260]

Greenspan called it chained inflation. If consumers switch from steak dinners to chicken, then they want chicken more than steak. The consumer in effect has not gone backwards due to higher cost of steak, they just like chicken. If consumers choose to eat dog food from 50 pound bags instead of steak and sushi, then it’s not inflation (dog food has increased in value to surpass the value of steak).

[@wackyaces5316]

Your videos are getting addictive,

[@michaellorton8099]

Mr. Walmsley, excellent as usual. You do great, highly detailed, well-documented research and present it to us in a concise easily understood format. I am an American physician, lawyer, businessman, and former USAF officer who believes the U.S. is in an extremely vulnerable position in an extremely dangerous world-and the fault is largely our own. I appreciate your brutal candor in laying out the harsh realities of our current predicament. I am not a politician by history or temperament, but am increasingly seeing that as tawdry as that calling is, it is what is necessary to save the Nation that I love and cherish. Politics as usual is sending us to the ash heap of history. Keep criticizing America, keep showing us the irrefutable numbers of our decline, keep showing us the terrible fruits of our folly. We know much of this; you add to our knowledge with specifics vis-a-vis China. If American renewal is to come, it can only come from a small, fearless “band of brothers” willing to face reality-willing to do the work. We do not see your analyses as the harbinger or foreshadowing of our defeat, rather as our more precisely defined, more accurately focused, more existentially urgent To Do List. Keep the bitter medicine coming.

[@ajhdigital]

The answer is cooperation (win win) not containment (bullying)!

[@ajhdigital]

The answer is "cooperation" (win win). Containment = lose lose. The US squandered the wealth of its citizens on its military and war.

[@michaellorton8099]

Bullying?? I try to be respectful of people who comment in good faith. I agree with ajhdigital that on an interpersonal or small group level, cooperation and mutual advantage are the favored options. If someone in your small social circle betrays you, only you and your family suffer the relatively minor injuries of your misplaced trust. But I would respectfully submit that Great Powers can never play by the rules that govern church picnics and bridge clubs. Great Powers must try to cooperate and trade on a superficial level, but must never be deceived into thinking detente (friendly, open communication) means that each is not, behind the scenes, seeking decisive economic, military, technological, and/or geopolitical advantage. Every Great Power-unless led by fools-is trying to balance and contain every other Great Power. Misguided trust and cooperation at that level can lead to cruel servitude or even death on a massive scale for regular people who trusted you as their leader to protect them in a vicious, duplicitous world. When I was at University, I took a classics course in which we read Thucydides’ “The Peloponnesian War”. I will never forget the Melian Dialogue in which the people of Melos protested that it was unjust and unfair for the Athenians to unilaterally impose such harsh demands when the people of Melos had been neutral and never harmed the Athenians. The words of the much more powerful Athenian General ring clear to me even now: “Talk of justice enters in only where the press of necessity is equal. Otherwise the strong will take what they will and the weak will yield what they must.” This is the reality of human beings. I did not make the rules. But woe be to him who forgets those rules even if not of his making.

[@michaelloong964]

USA is a capitalistic country and is supposed to be the strongest industrial country in the world and yet only now suddenly find that the US is short of practically everything that is required to make solar panel and batteries for EV. How come such scenario happens? Similarly the US suddenly found itself short of many drugs during the Covid-19 period as China stop producing the drugs for the US market during Covid-19.. How come such event happens? The US also found suddenly there were shortages of shipping containers during the Covid-19 period to ship goods from US ports to other countries. Again to the US horror, all the shipping containers are made in China.The US ports want to install a container crane capable of lifting the heaviest container is only available and made by a Chinese firm ZPMC. The US suddenly fearful of cybersecurity threat forbids further import of ZPMC crane. Fearful of losing the war in Ukraine, the US asks China for help not to offer aid to Russia. The US asks China for help to persuade Iran not to retaliate against Israel attack on Iranian embassy in Syria. Janet Yellen went to China asking for help to buy more treasury bonds recently. What is really happening in the US government losing power to China voluntarily ? The US wants to de-couple from China but also ask China for help. It is a very strange behaviour.

[@agusedyanto3324]

Strange and "confused" behavior

[@ChuckUstaad]

But a collapsing 's China;s Supply-Chain is also dwindling - Comapnies closing down, Exports All time low, Internationa rejection of Cheap Quality China goods

[@user-or4ct5ow6b]

friend, i actually did not wanted to comment on political issues. But bottomline what we are seeing is straightup the difference between one nation focussing on business and industries. And another focussing on imperialism and wars and trying to enforce there wills on others.

[@tbhUSuckOo]

@@ChuckUstaad Brother, Western media outlets have been publishing articles about Chinas collapsing economy since the beginning of the 1950's, it aint happening soon. They are patient and have been studying other countries economic challenges for a long time

[@DW-op7ly]

You are basically typing to a large segment of people who know you are just typing out slogans... You didn't even watch the video which disputes much of what you typed

[@wlyiu4057]

2:00 that's the Malaysian flag.

[@desmondho9567]

China just practice economics of scale. So, large volume sales at cheaper price. Better infrastructure, efficiency, lower transportation cost, lower labour cost, lower manufacturing cost.

[@amandagrant4331]

In fact, US is also familiar with this theory, but just unwilling to practice it.

[@jeremyheung6582]

@@amandagrant4331 After all, working in finance and printing money is easier

[@yunko9369]

@@jeremyheung6582 That is correct. But eventually, this will come to an end. What is next then?

[@jeremyheung6582]

@@yunko9369 If it were up to me, I would give up on global expansion and accept the reality of impending decline. I would devalue the dollar, implement some trade protectionism, but at the same time actively seek external cooperation. After all, the United States still holds technological advantages in many areas. However, no one knows what the U.S. will actually do. I'm not saying my ideas are definitely right; there might be better solutions that the U.S. won't pursue. After all, the U.S. isn't controlled by a wise leader, but governed by a celebrity elected every four years.

[@yunko9369]

@@jeremyheung6582 The politicians are controlled by the military industrial complex. The funding and aids to Ukr. and Isr. need to stop. In the meantime, many roads, bridges and dams are in bad shape. When more and more countries are not using $ for international trade,it will hinder the ability just to print $. Every 100 days or so, another trillion dollar debt is unsustainable.

[@hz240]

Thanks for your truthful unbiased insights. Rare to come across a YT channel that stimulates thought and debate.

[@mechannel7046]

Two videos in the span of few hours? What a treat!

[@douginorlando6260]

There are other huge disadvantages hindering successful long term business in the US. For example, look at how the government pursued electric vehicles in China versus the US. In China, the government worked with companies that were in a position to succeed and rigged the economics to make them succeed. In the US, the government ignored the company in the best position to succeed (Tesla), and favored the companies they wanted to succeed for political purposes (Ford & GM). The government went so far as to pretend Tesla did not exist and gave GM & F all the credit for EVs in America. In return for behind the scenes favoritism, they pushed out EVs that were unpopular costly failures. In the US, CEOs like GM’s Mary Barra get hundreds of times more pay than the workers but will not get her hands dirty, whereas the CEO of the company that succeeded was so committed, he actually slept in the factory to get it right. Instead of consistently supporting Tesla, the government turned a blind eye to massive short selling that was an attempt to break Tesla. In the US, the government pretends to support manufacturing success but in reality, they actively impede success in order to favor their insiders.

[@TheMarcuslindberg]

Good write up. But China allegedly made some mistakes with subsidies towards electric vehicles paying too much resulting in too many brands and EV graveyards of unsold vehicles.

[@douginorlando6260]

@@TheMarcuslindbergyes China made mistakes along the way. But the difference is the top government leadership fights corruption whereas the administration embraces it because they are married to it … corrupted to the point of going out of their way to break the one company actually delivering success and leadership in the EV industry.

[@jerronng6036]

Simple truths, US politicians minted theirs at the cost of Us InfraStr, Edu, Healthcare, Economic efficiency n productivity.

[@weewahgan6922]

Nice Conclusion. So the Inflation Reduction Act is for who? Wondering why so cheap to travel in China, I mean the daily expenses is pretty low.

[@brunoheggli2888]

The salleys are low to!

[@jeremyheung6582]

It is clear that the value of the renminbi is undervalued. However, the exchange rate of the renminbi is not fully controlled by the market, but by the U.S. and China, and currently, neither can afford the risk of a rapid appreciation of the renminbi.

[@gunsumwong3948]

The information isn't new. The charts may have been updated slightly but the trend is always there. Currently a VW IDS.4 made in Europe is about 2 to 2.5 times the same model manufactured in China whereas it is even more expensive in the US. The US politicians always pride themselves with the slogan to re-shore the industies back to the US but they never say anything about the cost at the end. On the solar panel it was WSJ who reported US doesn't even have some parts of the supply chain needed for the solar panel production. The Wood Mackenzie 2023 has reported US solar panel is 2.66 times of the Chinese. The IEA also confirmed in 2023 the world's 90% solar power market is supplied by 5 countries with China leading with 80%. What IEA didn't know is that China is also the key supplier of raw materials and parts for the other four. It was IEA who said US and EU each accounts for about 1% of the solar panel market! 2023 is also the year China took 12 months to install 217 GW solar power. THis is more than any country's national total capacity. The next runner-up US has at the end of 2023 a maximum of 170GW. Althouigh US pioneered the use of solar power it was China who innovated and brought the cost down by more than 95%. China has been the leader consecutively for 10 years since 2014. On the wind power it is US's own goal. Nearly every wind power project has been ground to a halt by the high interest rate in the US. If this isn't bad enough the existing grid transmission system does not have spare capacity to carry the new solar parks or wind farms already built or being planned. The Grid companies want the developers or the government to pay for the grid upgrade and see little incentive to heavily invest the system because that problem was brought on by others. The devlopers and government see no reason to invest as neither will own the new upgrade. US has every opportunity to become the leader of EV because every American car company has factories in China making cars when most of the Chinese were going everywhere on pushbikes. They could have invested in Chinese EV, solar and battery to become the key player but few did that because the US's interest has always been controlled by big oil companies. China doesnn't have vast oil reserves like the US so its leadership saw renewable energy as China's future. Thus the industries have been developed to what they are today. In a way the Inflation Reduction Act is just a vote pulling grimmack because the US has no long term plan for where it wants to go. Therefore the US could have Trump pulling out from COP28 and then Biden rejoined later. Just like the current Ukraine war pushed hard by Biden but TRump declares that he would put a stop to it within 24 hours taking office.

[@anjunadeep.8384]

5:08 CORRECTION thats not american flag shown with 12%, thats the flag of Malaysia!

[@rhena229]

Forget about rebuilding that bridge in Baltimore!

[@Placid_Cat]

they certainly have a flare for ironic names don't they, in some circles they would even call it doublethink.

[@DanBurgaud]

2:45 "@Kevin, you forgot BOMB in that chart..." - - - US MIC

[@alfgold1965]

unless the chart is wrong, it seems like that 12% rare earth processed national flag belongs to Malaysia rather than USA

[@coliv2]

The US plan is to do the “inflation reduction” not only in the US, but in Europe, Australia, Canada, and Japan.

[@williamwatitwa3534]

The chinese have been smart to empower the developing world , that is where their market is , EVs , solar, batteries, phones , internet infrastructure, soon weapons . At the rate China is producing fighter jets , soon they will be exporting this sophisticated equipments at a very affordable price to developing nations . Equipment that developing world never dreamt of owning.

[@coliv2]

@@williamwatitwa3534 China will not sell weapons, that’s their secret arrangement with Russia. The Russians will sell the weapons so China doesn’t need to deal with this.

[@mikegofton1]

Thanks, you’ve been producing some interesting commentary. I was impressed when you identified the anode as the negative terminal of a discharging battery.

[@Mike-ys4sr2023]

US can't ban Chinese imports because US population will pay twice for if they were to be produced in th US. That was why US manufacturer moved to Mexico Brazil China 40 years ago. I am Canadian and i witnessed the US manufacturers moving out of Canada but those US managers claimed they were moving back to the USA but i think they knew where those corporations were moving to. It was enen on Canadian news 😅 😂

[@guojing78]

1:58 That's not an American flag. Look carefully, it's a Malaysian flag. Both flags looks similar, except that Malaysia's flag comes with a crescent moon and a single big pointed star in the upper left corner.

[@minervasheryl4748]

That's Malaysia's Lynas processing plant in Kuantan, Pahang state.

[@Rubicon365]

I am looking forward to your new video everyday. Keep up the good work.

[@m5nh948]

Electricity transmission from solar farm and wind farm, as well as energy storage tech, are also critical factors in green energy usage.

[@silversurfer8237]

If we are following the rules of globalisation, the USA should focus on other areas to build core competencies instead of reinventing the wheel. Also many supply problems are easily addressed by carrying a few months inventory as opposed to relying on JIT.

[@HarrietAdams-xg3fm]

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[@7EyesOrtiz]

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[@7EyesOrtiz]

Mrs Kathy Lynne Colby

[@CassieHarrell-wt4vk]

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[@Declan-Stewart]

Kathy is considered a key Crypto Strategist with one of the best copy Trading Portfolios and also very active in the cryptocurrency space.

[@JoannScott-jl6jw]

The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional

[@robertbaird6432]

Bloomberg needs a spell checker. Ignot is not an ingot, so I ignored it.

[@cyrusfarlow1307]

Another great effort. Tank you.

[@10lauset]

Behind the 8-ball.

[@ericshang7744]

2:06 you may have got it wrong about the rare earth processing. That was not US, that was Malaysia.

[@drpaulchan]

Great analysis, very refreshing point of view

[@lewisj7559]

More accurately, it should be called “ Inflation Increase Act” 😂😂😂

[@driftert5687]

Just hope those hotheaded US politicians could come out with real solutions, instead of just hot air

[@cool-eye3674]

Who put those clowns in their positions?

[@user-sf1nq9uj7p]

@@cool-eye3674 When you have a 3-ring circus, you hire clowns!

[@user-ok6re8gv1q]

Great shows!!!

[@elprofeta110]

I really work hard to engage myself in someway of earning more income. My family are happy once again and can now afford anything for my family even with my Retirement.$67k weekly returns has been life changing, after so much struggles.

[@elprofeta110]

Maria Angelina Alexander I really appreciate her efforts and transparency.

[@elprofeta110]

I remember giving her my first savings $20000 and she opened a brokerage account for me it turned out to be the best thing that ever happened to me.

[@JashTairhi]

YES!!! That's exactly her name (Maria Angelina Alexander) so many people have recommended highly about her and am just starting with her from Brisbane Australia.

[@KuramaUchiha-id1ow]

Most people keep getting scared of taking risk,though I started with as low as $15,000 actually because it was my first time and it was successful, She's is a great personality in the state.

[@elprofeta110]

Yes, I will leave her info below this comment.

[@Fliptop95]

On point. Thanks for the information 👌

[@pr0newbie]

2:00 That's Malaysia not the US.

[@pohkhui]

inflation reduction act. sound more like Inflation Act

[@dayveda3736]

Thank you!

[@brunoschnider1837]

Thanks for your excellent explanations!

[@user-cu4qu5je2s]

👍👍🔥

[@mechannel7046]

What's the name of the place at the end of the video at 6:40? It's beautiful

[@justwonder6344]

think it is a small old town in southeastern china such as jiangsu or zhejiang province.

[@johnlow3858]

Xitang

[@PaleBlueDot-bi9pm]

SUZHOU （a city in JiangSu province） or HANGZHOU（in ZheJiang province）

[@arewethebadies]

I always see your frustration disgust and sometimes deep sadness. Believe me Brother I know because I still live here. You on the other hand have made the transition I don't know @62 that I could. I love listening to you so keep us informed and let the people there know that we are not all racist jerks. Ray from Tennessee.

[@mohammadarshad5878]

Very factual analysis. Engineer arshad pakisan

[@rolandkoh8074]

good analysis.

[@Ace1000ks19751982]

Inflation reduction act actually creates more inflation. Just about every policy these people implement never seems to work out for some reason.

[@srbislavn]

Wonderful , wonderful ....🎉

[@Dollarrmb-pk6ub]

The last struggle for US. Its Game over.

[@theprofessorfate6184]

Don't need any more solar panels and until a truly affordable large battery system is develeoped, no point in even installing them. Even China doesn't currently have a superior storage method for electricity created from solar. As far as electric cars go, why even discuss it? The power grid won't support another 30 percent electric vehicles in the US anyway. Lastly, in regards to hydrogen production, this is an ongoing battle for who will invent the superior methodology for its creation. China does not currently have the only or even the superior method for doing such and the rest of the world is currently working on this problem as we speak. The one thing China has really going on is the copper and silicon industry..........CHIPS , etc. That alone is worrisome. For now, we need a bigger power grid, a real one, not some bullshit that works 8 hours a day. CAlifornia has reported that they already produce more power from solar than they can possibly use during the peak hours and they still have no way to store it. I say we take some of the fiat currency we're sending to shitholes like Israel and Ukraine and start investing it elsewhere. Of course, if we did that, Joe Biden wouldn't get his 10 percent cut.

[@albertorodas6479]

That is free market, a beauty that still exists

[@sns1804]

Can't build an OLD supply chain. Can only build NEW supply chain for new materials from a new source.

[@user-xp4of2vu4r]

Thanks for collecting and sharing all of this information. We, average Joe's, just don't even know where or how to gathering such data for ourselves or how to interpret the significance of the lot. Yes, some of us could search out the same sources you have used but - well, you know - we don't - just because it's not what we do as an occupation or use of intellectual curiosity.

[@leonardpearlman4017]

"Inflation Reduction Act".... Well it would be hard to sell if was called "Kill You the Rest of the Way" act. "Put you out of your misery" act?

[@balajib1406]

Make America Great Act😅😅

[@kibakobo]

And who is going to buy them 3:03 , even if they end up making them, Egypt, Pakistan, China, Iran, Africa???? Brazil???Indonesia??? 😂😂😂😂

[@g.m.8360]

I don’t think the U.S. going from 8 to 15 percent is going to be just the opposite it will be true only when there is infrastructure,,infrastructure,, infrastructure along with education, education, without these two things for now it very unlikely by the time you are like today others will be way ahead 😢😢really sad 😞

[@lzl4226]

Ummm...... I believe that's a Malaysian flag where it says 12% of rare earth processing goes.......

[@thiambengkhor2647]

Raw material shipped from Australia

[@petethomas9623]

To use a aussie saying....we are wallaby teds brother...rooted

[@TanuKart]

well. here's an idea. how about working together with China for a win win solution

[@cool-eye3674]

Hyperinflation Act.

[@eugenec7130]

1:09 Rare Earths Processing 12% Malaysia, not the United States Lynas Australia has a rare earth processing plant in Malaysia.

[@richardwong2950]

Current capitalist countries do not practise economic theory of comparative advantage. When economists become politicians that is when they wreck their economies (in the West, that is).

[@summerchina6568]

Suggest you do a video on the massive "New Quality Productive Forces" plan (新质生产力) that China is embarking on. If they succeed in that plan we would likely see a dozen or more sectors showing similar graphs by 2035.

[@ChuckUstaad]

But a collapsing 's China;s Supply-Chain is also dwindling - Comapnies closing down, Exports All time low, Internationa rejection of Cheap Quality China goods

[@summerchina6568]

@@ChuckUstaad where did you get your facts? China's total export has been growing over the years. Especially for cars. China is the top exporter of cars in 2023 and the gap between them and the rest will widen in 2024.

[@albertwoodeasy9021]

What should the usa do ?

[@wnklee6878]

This is good news FOR THE WHOLE WORLD!

[@ielee1765]

The west had it industrial revolution morethan a couple of centuries and dominated in every sections of the markets. Unfortunately they had lost the nags of investments in certain sections especially in the developing countries because they are too risky and returns are not healthy. These westerners had all the advantages in technologies & raw materials but they are mean to invest in these developing countries. Then come China in a few decades ago and now they are leading in green technologies & raw material because they are prepared to invest long term in all these developing countries with slow return but the world is big enough or plenty of room or others long term investers & not greedy short term gain. Peace & good luck.

[@alisra007]

👍

[@shuma3401]

You mentioned at 1:58 that "in rare Earths we do see an American flag here finally the US does have about 12% of the world's Rare Earth processing." I want to inform you that the flag is not American, but Malaysian. It is clear from the presence of a crescent moon and a prominent yellow star on the blue side.

[@wowyzaoy]

history ignored = lessons not learnt. which begs the question, have we as a species learnt anything in the past 26,000 years?

[@FredJones-lo2df]

The root problem is A Leaf according to the Chief of the Joint Staff 😂😂😂

[@marcgatto9675]

Let's help these guys grow this channel. Don't forget to... Like. Share & Subscribe!😊

[@thokongwong579]

You may need to revise your info. China is the sixth largest producer of litium although it still need to import litium.

[@s.vortex]

I would call it Purse Inflation Reduction Act instead.

[@SebStanner]

US tends to name things the opposite of what they are. I suppose in the hope the people will believe it.

[@ChinaSongsCollection]

@1:56. No, that's NOT an American flag. That's a Malaysian flag 🇲🇾

[@JohnZoetebier]

The Inflation Reduction Act is a typical example of Orwellian language. This act will increase the inflation in the US because chips will become more expensive as US companies will be restricted to more expensive US chips only.

[@davidevans2810]

The problem has a rather simple solution. Manufacture the panels here in the USA.

[@sulittipid9945]

Didn't you understand the video?

[@davidevans2810]

Nope, I don’t understand why we keep doing dumb shit. We select the most incompetent liars to write our laws, so our laws don’t make any sense and are stupid, so we keep doing things in a stupid way. So now, why are we doing everything the stupid way? Why don’t we make solar panels right here in the USA??

[@davidevans2810]

@@sulittipid9945 the way to do this is quite simple. You don’t use the model we’re using. We’re using a trickle down economic model. Trickle down economics is a fantasy and a lie and a scam. It doesn’t work. so how is any plan we are supposed to implement going to work if it’s based on trickle down economics??? What we should do is do is a government funded factory be opened up and then the batteries be avaible at market price, similar to the Chinese batteries and then let capitalism and free market dynamics take over. But we don’t do that! So of course American cars are going to cost three times as much as Chinese cars. We’re acting like morons. We are failing at capitalism. We used to be half decent at it but the last 40 years we have lost all semblance of lucidity. We now use a fantasy system that doesn’t work. Instead, it’s more like a form of corporate welfare.

[@thisiskevin1000]

Redirecting exports through Mexico too

[@Ann-ig6hj]

The US and European countries persuaded by her to stop the import of cheap stuff related to green energy eg solar panels, ev, etc will result in their citizens paying more locally made products. As a result, they suffer higher cost of living and the global climate change will accelerate because many cannot switch to solar energy if cost is high. So, its a matter of priority for US to decide which is more urgent, is it to stop extreme weathers from happening (by the way North America has much more extreme weather phenomena than other continents) or is it trade War with China?

[@dice138]

I think the US government would take the latter.

[@sunnyben2604]

Isnt that good for china to produced cheap supplier to the world to curi inflation?

[@joem0088]

China doesn't need to be furious. It is going to keep supply Russia and let's see what the US does to sanction China and if the sanctions will work.

[@justme6275]

why don't China and the US work together to better each other instead of this rivalry - this won't end well.

[@donkeykong516]

Reduction Act is DOA

[@Jerry-hs9pp]

Should really be called Inflation Induction Act !

[@rockthepunchx9547]

Dude, what do uou have playing in the background. Some sort of subliminal message.

[@richestguy]

Yea, check the labour cost in the West...build your dream production factory , why not start decoupling with China ?

[@wu05354207]

[@emila6]

Love the Bible verses at the end

[@jframe9715]

That's not US's Flag that's Malaysia's Flag.

[@fuyimpoon8095]

The right way forward actually is not building your own.supply chain but cooperate with China which China is more than willing to do, then all nations can build cheaper smarter products for mankind.

[@robbo9982]

I thought that was a Malaysian flag?