Giant US deficits and debt rollovers wreak havoc among China's Belt and Road Initiative borrowers

Over $10 trillion will be demanded of global capital markets in 2024, to feed the US government's spending and borrowing. Much of this capital will be swept back into the US from foreign holdings of USD, worsening the inflation in the US.
This will also create serious problems for trading countries. A severe shortage of dollars held abroad is causing debt service on dollar-denominated debt very difficult, even for entities that are performing and profitable.
China has no choice but to step in and backstop many of the loans and investments provided under its Belt and Road Initiative. These loans were made in US dollars, and are supposed to be repaid in USD. However global holders of dollars will be sending large volumes back to the US, attracted by the highest yields in two decades. China is extending operating loans and credit via its swap lines, this time in renminbi. By doing so it is hoped that these borrowers can trade out of their obligations over time.
Resources and links:
Chart and map of China's Belt and Road
chinapower.csis.org/china-bel...
China's trade surplus chart
prosperousamerica.org/china-t...
US debt rising by one trillion dollars every hundred days
www.cnbc.com/2024/03/01/the-u...
$7.6 trillion in debt to mature in 2024
markets.businessinsider.com/n...
US Treasury yield curve
www.bondsupermart.com/bsm/art...
CNN: China now bailing out BRI countries
www.cnn.com/2023/03/28/econom...
NBC: China is now shifting from lender to debt collector
www.nbcnews.com/news/world/ch...
Chart, Cross-border lending by China through 2021
www.statista.com/chart/31150/...

[@soothsayer2406]

One country bombs and destroys while another builds and connects.

[@user-vp1vl6yp9t]

Afghanistan alone, the US spent 4 trillion dollars.

[@hz240]

@@user-vp1vl6yp9treportedly 2 trillion over 20 year span unless i misheard.

[@user-vp1vl6yp9t]

@@hz240@hz240 I trust your memory than my own, either way, less than the money China has spent on the Belt and Road.

[@Larkinchance]

Agree

[@deepone5005]

One is a winner, the other is a loser. Anyone can see. Gangsters won't last.

[@minlee5606]

Speaking to belt and road, former secretary-general of National Security Council of Taiwan, Su Chi, just published a new book about relations between PRC, ROC (Taiwan) and the US. In the book, there was an encounter taking place between Xi Jinping and then Secretary of the State, John Kerry in which Xi once pointed to a world map in front of them and proposed to Kerry that China and US work together to fulfil a grand project that the world have never seen in history in terms of scale, meaning and influence---later to be known as the belt and road initiative. Kerry did'nt give Xi a yes-or-no answer but stated that he would bring the idea back to the State for futher study. Xi had never got the answer back from the US and eventually went ahead with the belt and road initiative by China alone.

[@slc801]

That’s to say china wants to make the world a better place and the US wants everything for themselves 😡

[@saleh45251]

it is great it did not take place...

[@frankm6218]

We are lucky that the US didn’t join. Otherwise we will have 100 countries at wars.

[@user-wp5cp5vq6w]

Any loss for the USA empire is an opportunity to survive and hopefully prosper for everyone else

[@focumQuarium]

So Xi made the same mistake Putin did and offered his good intentions. Thank God it wasn't accepted - US will disappear that way faster...

[@thomasrogers9146]

AMERICA,S PROBLEM IS SELF DESTRUCTIVE ARROGANCE. THERE IS SUCH AN ATTITUDE IN THIS NATION THAT ALL THE RULES IS NOT APPLICABLE TO US. WE CAN DO WHAT EVER WE WANT AND THERE WILL BE NO CONSIQUENCIES. BECAUSE WE ARE EXCEPTIONAL. THIS IS PURE DELUSION.

[@TheCullousus]

They say to not correct your enemy when he is making a mistake. And America has weaponized its currency and thus everyone has been hurt by it.

[@WorldIsWierd]

its not we are special. We built the system so we are always special. It system doesnt work if the US isnt special it all crumbles

[@TheCullousus]

I've watched mine and a few other comments get deleted on replying here I wonder why.

[@TheCullousus]

@@WorldIsWierd yes the manipulation is real.

[@gregwallace6159]

⁠mine just got deleted

[@chanahyingchan5070]

Whatever is happening now was predicted by Chinese Academicians back in 2012.

[@aniksamiurrahman6365]

Can you provide me with some links, reading materials?

[@MrStevemur]

US government borrowing at the same rate as developing countries sounds about right.

[@user-vp1vl6yp9t]

on paper only

[@andrewlim7751]

The u.s. govt don't payback. 😁😁

[@yingxu7908]

@@andrewlim7751not able to pay back，hope she doesn't does the way she did to Afghanistan andVenezuela……

[@andrewlim7751]

@@yingxu7908 She'll 100% do it again, they actually said it before in enquiry, folks just refused to hear the unpleasant, lend them at own perils. 😁😁

[@akakakakakak3084]

US dollars are weapons for decades😅

[@yingxu7908]

since ni……and ……Berger

[@user-vp1vl6yp9t]

yeah, periodically creating surplus and shortages of US dollars.

[@denislim123]

Excellent analysis and presentation. It clarifies all the clutter in the media.

[@user-vp1vl6yp9t]

He told a touching story. Only China's money is not gambling gains but obtained by selling things to the house, although the money is from the house. So, a bit more accurate story is that Mike gambled at the casino and lost while Frank's factory sold its products to the casino and gave some of the casino's payment to Mike. Naturally, sooner or later, Frank and Mike will delink from the casino, i.e., quit gambling.

[@PulverizerA]

God bless the good people of China May peace and prosperity come to all in 2024

[@user-vp1vl6yp9t]

He told a touching story. Only China's money is not gambling gains but obtained by selling things to the house, although the money is from the house. So, a bit more accurate story is that Mike gambled at the casino and lost while Frank's factory sold its products to the casino and gave some of the casino's payment to Mike.

[@AnnieT369]

​@@user-vp1vl6yp9tthat's more like it.

[@wankee888]

I think the first years the Chinese are a bit naive...not all mike's are grateful

[@jeya9139]

fool ,,too fraid to see the reality

[@lalatubby4836]

@@user-vp1vl6yp9tyes thats a much better way to put it 👍

[@soothsayer2406]

$45 trillion dollar Merican debt by 2024...by 2026 there will be $60 trillion dollar minus invisible dark debt.. how is this sustainable?

[@yingxu7908]

never recover（including Russia‘s+china’s and many like Afghanistan，Venezuela，……）

[@somsackvongsa7077]

No problem.king probles are others to deal with.

[@DanBurgaud]

5:38 USA is very mad that it could have been $1T in US Bonds, but China spent it all into Infrastructures.

[@user-vp1vl6yp9t]

👏

[@andrewharris3900]

Low productivity infrastructure that often loses money. Have fun paying for maintenance on all that loss making high speed rail with no return.

[@othmanmajid6380]

I doubt it😂​@@andrewharris3900

[@alfredwong6336]

@@andrewharris3900It is far more better than using money to wage wars with other countries.

[@DanBurgaud]

@@andrewharris3900 short sighted westerners always think of direct profits from these HSRs and does not think of the other benefits like citizen happiness, livelihood, indirect profits from more taxes . . . not to mention these infrastructures bring PRIDE.

[@picandvideo]

The word secretive which means outside the western financial system (outside the SWIFT).

[@HanS662]

Someone has a 🧠 Anything the US dislikes is cuz they can’t control.

[@johnlohsm]

You are a true American patriot. You provide very rational view of world economics minus wishful thinking. Both countries can grow together in a rational manner.

[@MsBay129]

My God! The way that this guy Kevin explain how the Chinese does business. His preception of " Casino House money" being used to build the "Belt and Road" is quite mind blowing.

[@yingxu7908]

wow，i am over seventy after listen to you make me feel better and smarter。Thank you very much

[@parttimethinker7611]

Many of the high debts (high rents) countries have maxed out or almost maxed out on their IMF credits. China is helping them to produce assets so they can pay off their high rents. Of course, the U.S. viewed that as “loss rents” , loss of “soft power” as well. Therefore they harvested those countries’ foreign reserves thru increased interest rates. The slowdown economies in many high rents countries is the product of U.S. high interest rates. eg. Vietnam boasted over 150 billion U.S. dollars in foreign reserves 2021, after about 20 years of hard work. Now, Vietnamese’s foreign reserves are at about 80 billion U.S. dollars. Indian, Sri Lanka, Pakistani, Bangladeshi, and many others are suffering from the harvest too. All are due to high rents status. Good luck everyone.

[@llee4225]

Sorry but I found the casino comparison not a good example. Money that China had to invest in B&R was mostly earned through low wages and low margin. Money that US had was the house money by selling $10 goods from China for $100, charging poorer countries $US pricing, and printing money but still spend itself into debt?

[@foodparadise5792]

The purpose of debt is just to keep the rest as slaves. Slavery was never a thing of the past for these people.

[@robintan502]

If the money used by the Chinese government is from taxes , how is it not house money? For developing nations, which includes China, and in fact, the West too in the distant past (if you look at the West got to where they are today historically), there will be a period where the economy is run with low wages and low margin. Sure, the US corporations sells $10 goods from China for $100, charging poorer countries $US pricing. But the distinction here is US corporations, not US government. Look at all the Fabulous 5 corporations, more than half of them avoid taxes via creative accounting or offshoring to a tax haven. The US government is printing money, that much is clear, but it ain't spend wisely on growth or real productivity, or even for the betterment of its people, its spent on governmental pork barrel, weapons from its industrial-military complex and also foreign interference programs - and the remainder, used to line the pockets of US aligned fat cats. Even with Covid payouts to the people, the whole USA economy is gamed against the common folk . What's even laughable are the so called US-aligned allies coerced (or let's call it ideologically brainwashed, or manipulated) to do US's bidding. Fact is, the US has no qualms engineering the fall of allies for its own agenda - case to point, Germany

[@phillipyap7697]

Gobackt to school to learn properly..

[@davydacounsellor]

If you buy a Chinese engine you'll get a full schematic drawing of the parts you need to fix it, buy a Western engine you'll get insurance and warranty, plus expensive parts. I used a Chinese drawing to fix an old diesel engine plus the parts from china were a third of the price.

[@wongjames6430]

One is destructive while the other is constructive.

[@esphilee]

Sri Langka debt to China is only 10% of the total debt. China had restructured the debt ahen Sri Langka failed to pay back. SL’s problem was not debt from China. The main problem is by borrowing from IMF, SL has to follow direction from IMF. SL has moved away from agriculture to tourism. And with that, they have to abandon chemical fertilizer, everything has to be eco friendly. Unfortunately Covid pandemic has stop tourism, thus their income. The crisis was not caused by spending in infrastructure.

[@rextang8502]

I just came across this KZbin channel. You have to be one of the few China analysts I respect. Good job. I wish you worked for the NSA...they sure need you abilities.

[@stephenlau2127]

Great story

[@MegaPapa8888]

very elegant story. make things easier to understand. FED's maneuver of interest rates affects greatly about liquidity market.

[@user-vp1vl6yp9t]

He told a touching story. Only China's money is not gambling gains but obtained by selling things to the house, although the money is from the house. So, a bit more accurate story is that Mike gambled at the casino and lost while Frank's factory sold its products to the casino and gave some of the casino's payment to Mike.

[@JanAdrianKho]

salamat ❤

[@soonhockchua3740]

China "Common Prosperity" contribution to the world. Peace & goodwill.

[@denniscaffrey633]

You are not only very smart but are very generous with your knowledge and wisdom,congratulations on a good job well done,thank you

[@wakkosick6525]

"this is going to require alot of flexibility from everyone" you mean its going to snap and break at some point and we won't understand what the consequences will be until it happens because there is no historical precedence for our current predicament.

[@user-vp1vl6yp9t]

or, Frank and Mike stop gambling. He told a touching story. Only China's money is not gambling gains but obtained by selling things to the house, although the money is from the house. So, a bit more accurate story is that Mike gambled at the casino and lost while Frank's factory sold its products to the casino and gave some of the casino's payment to Mike.

[@aniksamiurrahman6365]

There are a lot of historical predicament, don't worry.

[@wakkosick6525]

@@aniksamiurrahman6365 History is a story retold a million times. I don't worry because its always now. And right now the only thing that matters is "What should I do now?"

[@aniksamiurrahman6365]

@@wakkosick6525 Well, u can always test the "story" if it fits the physical evidence left behind. History isn't fictional, or commonly agreed lies. Some tyranical people popularized those adage for their own goals.

[@wakkosick6525]

@@aniksamiurrahman6365 I say one thing. you say something else. But if you were not here to argue I could say whatever I want and there would be no one to disagree. That is history. If you disagree with that statement please refer back to the statement.

[@user-vp1vl6yp9t]

You told a touching story. Only China's money is not gambling gains but obtained by selling things to the house, although the money is from the house. So, a bit more accurate story is that Mike gambled at the casino and lost while Frank's factory sold its products to the casino and gave some of the casino's payment to Mike.

[@BJARNE-SOLBERG]

This was a 5 star show

[@DW-op7ly]

Yup few years ago interest rates were near zero 🙄

[@kckoay6211]

In a close economy, where a country does not trade with another country, then technically its government can print an unlimited amount of money to finance its expenditure. But in the real world, no economy is truly “close” as such. Because no country can produce everything it needs. Hence, a government’s ability to print money is limited by the country 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 has become the only country that enjoys the advantage of not having to worry about printing too much money. That is because the US dollar became the de facto reserve currency of central banks across the globe. It also became the primary medium for international trade settlement. The certitude of dollar as the de facto global reserve currency had effectively removed the ceiling to the amount of money the U.S. can print, via the issuance of debts. Theoretically, the U.S. can continue to finance its insatiable appetite for consumption by increasing its national debt, which already exceeded $34 trillion. That is because to the U.S., the cost of capital and labour of other producing countries is no more than the cost of printing of the greenbacks. Being the exploiter of such unfair advantage, the logical strategy would be for the U.S. to view and treat the rest of the world as its strategic partner, rather than as adversary. Unfortunately, the U.S. had become a roque state, and a bully as such. The U.S. had made injudicious use of the unfair advantage to exploit and augment the hegemony of capital. Over the last few decades, the U.S. had imposed comprehensive sanctions against Russia, China, Afghanistan, Cuba, Iran, North Korea, and Syria etc which heavily restrict trade and financial transactions between U.S. citizen (as well as its allies) and those countries it sanctioned. But the protracted abuse of the dollars hegemony operates as a double-edged sword. Why should the world trust the dollar anymore?

[@wnklee6878]

As long as the world uses the US dollar we will have this problem. Everybody is bitching but nobody wants to stop dealing in US dollars, except Russia.

[@yingxu7908]

you have only1/2 brain（China，Iran，Brazil，South Africa ……）

[@rdallas81]

Russia and now 30 other nations.. Who all witnessed the USA weaponize the dollar. Everyone is watching thanks to media- which the US government monitors and controls..... which is part of the reason they want to ban tictok

[@francisleong4248]

Many countries are NOW trading in local currencies.

[@gregwallace6159]

💯

[@horridohobbies]

Great analysis! Most insightful. I learned a lot.

[@shinten6714]

The way you explain this stuff is so amazing, i feel like i am watching a movie

[@MeowImages]

Great analogy. I really enjoy the way you explain things.

[@Ace1000ks19751982]

There is a way to remedy this. China could simply have those countries that have loans with China pay back those loans in Chinese Yuan. This way, those countries that have these debts can pay it back by trading with China.

[@HanS662]

I suspect that’s the long term goal. Bi-lateral trade with currency swaps to avoid using dollar. Basically China gets the actual goods they want from those countries.

[@Ace1000ks19751982]

@@HanS662 It will eventually lead to de dollarization.

[@pipiqiqi4010]

unfortunately, reference to the history, the US will give these countries who don't use the US dollar for trading a lesson.

[@Ace1000ks19751982]

@@pipiqiqi4010 There are too many countries that don't want to be in that system anymore. There is a viable alternative now.

[@pipiqiqi4010]

@@Ace1000ks19751982 No, there haven't been any alternative so far.

[@sunnywu2464]

A moe appropriate analogy is that Frank works hard to gain a lot of money while Mike borrows to maintain his life.

[@aniksamiurrahman6365]

U got it wrong. Frank and Mike doesn't represent China and US. Rather it represents China and the BRI borrowers. China is rescue financing the BRI borrowers just like Frank helped Mike in his hour of need.

[@TheCullousus]

Great video i appreciate your insight. I am investing into chinese/hong kong stocks myself and find the current pricing due to fear mongering a great discount to those who can find profitable companys/conglomerates who will only keep growing.

[@wu05354207]

China invested heavily in Greece - look at where they are !

[@blueyhis.zarsoff1147]

they needed a freeport to ship goods into the EU....

[@deepone5005]

​@@blueyhis.zarsoff1147Hello win win la. Dun think negatively and u will prosper, dude

[@zuroneuro4665]

Greece already went bankrupt before China invested ...

[@wongrobert7340]

Thanks. I'm always looking forward to your video every day.

[@biulaimh3097]

You explain stuff in a way I can understand. In my case, that is exceptional. Thanks.

[@ngheanchoong]

Good content

[@michaelmarchal4004]

❤China❤

[@user-vp1vl6yp9t]

He told a touching story. Only China's money is not gambling gains but obtained by selling things to the house, although the money is from the house. So, a bit more accurate story is that Mike gambled at the casino and lost while Frank's factory sold its products to the casino and gave some of the casino's payment to Mike. Naturally, Frank and Mike will delink from the casino.

[@SF-cc1kq]

Appreciate your informative commentary.

[@guens01]

Thank you so much for video. I learn so much from you already.

[@AnnieT369]

When a gambler loses, he never wants to go home. He would borrow more to gamble some more hoping to win back whst he lost.

[@HanS662]

This is why Mike and Frank should have taken separate cars.

[@user-vp1vl6yp9t]

but, Frank's factory needs Mike's mines. He told a touching story. Only China's money is not gambling gains but obtained by selling things to the house, although the money is from the house. So, a bit more accurate story is that Mike gambled at the casino and lost while Frank's factory sold its products to the casino and gave some of the casino's payment to Mike.

[@jackreacher8858]

taxi for mike

[@focumQuarium]

Something tells me China will show that patience and forebearance...

[@chanahyingchan5070]

You look so depress. Knowing what you know and can't do anything to help.😟😟

[@TheCullousus]

That's many of us. Normal civilians can't stop governments power.

[@yingxu7908]

lucky enough that he is still alive

[@laichuonkui69]

Why? Is a democratic society. Government by the people for the people.

[@sethbrown1763]

You have described perfectly the thesis of Michael Hudson's book "SuperImperialism".

[@windsong3wong828]

I love this channel. Clear and concise.

[@deltasquared7777]

the gross federal held by the public plus debt held by federal trust funds and other government accounts is now $34 trillion. There are $38.4 trillion in total U.S. retirement assets. This can only be paid out by inflating the fiat dollar to the level of Weimar/Zimbabwe peak currencies so that the entire debt can be paid off in exchange for a loaf of real bread

[@haoruchen4216]

Excellent talk

[@greaterbayareahero1401]

Great insight! No one in the US really understands and keeps on bashing China when China is trying to help.

[@sunshine7453]

This is the most no nonsense analysis I have ever heard and it decodes the fake news I hear everyday!

[@philoso377]

Thank you for the insight.

[@johnaugsburger6192]

Thanks, I invest in Chinese solar listed on the U.S. exchanges and let me tell you what a crazy and cruel treatment of their companies.

[@kriskris4776]

Very very good video

[@rosstisbury1626]

interesting . . thanks

[@edwardlim7253]

Thanks Kevin, your short videos are easy to comprehend.. let's hope the Chinese lenders heard your suggestions..

[@Lululemon2023]

$2 billion per day in revenue not profit, and one hopes China would not lend more than profit they made from the trades

[@user-xq8qx6bg2j]

KEVIN, looks like the only losers here is “we the people”😱

[@user-se7pw4qn6u]

This is the reason why the world should decouple from the USD. Even the top economist advising the white house and administration refuses to explain why the US govt borrows USD by issuing treasuries when it can just simply print whatever amount it wants to spend. The intention is to trap the other countries into having to hold USD treasuries and exporting inflation to the rest of the other countries through its monetary and fiscal policies and bankrupting countries with its flagrant and irresponsible spending incurring ever larger deficit just because it's currency is the reserve currency where most trade and financial transactions are effected through the USD.

[@yewhocktan5112]

I like your analogy. Wishing that all will have leveled mind....and have patience to wait it out for all to wise up and economy to return.

[@chincheong7341]

As long as there r still suckers in economic n financial terms willing to accept easily printed fiat USD in exchange for their goods n services , USA can keep on printing to get or acquire whatever it needs...at the expense of all others 😅

[@ghsu5357]

Your example was interesting. 1st of all, I don’t mind to have a generous friend like that. Secondly, it is not gambling luck, it’s the reward of hard work. “996” you must have heard it. Thank you. Be good.

[@garyevergreen5035]

If Mike was really grateful and thankful to how Frank treated him, and he should be, he would not do anything bad to Frank. In reality, there're a lot of bad Mikes out there and US's the biggest one! And such irresponsible behavior of all the Mikes are taking us to a very big unknown ahead!

[@RealRuralJapan]

Oil and gas is in US dollars the demand for them to pay for these crucial commodities has never been bigger since less are around. The less off shore USD there is the stronger it becomes.

[@truthaboveall7988]

I’m sharing ur YT channel w everyone on X on other YT channels who I hope u will benefit from their audience & hope to c u invited on a guest to share ur knowledge Thanks for ur hard work sir

[@jaytan915]

That house money as described is national savings and a sacrifice of the citizens standard of living.

[@bhmcrumbs1348]

UX elites have mastered the art of redirecting 🤑 to themselves & their financial backers.

[@arthurlincoln9093]

I like this view. His other views not so much. In fact not at all. This guy worries to much about America. He should just chill and admire the view.

[@yanyannyaany]

theres probably some precedent in the spring and autumn or warring state era where this exact thing happened. Mao put all the chips down on History and Philosophy and won the Jackpot

[@vincentleung2338]

No worries. The US can print unlimited amount of money.

[@pohmoh3590]

Should be $3000 in loss for mike. His original $1000 , plus $2000 from Dave

[@m5nh948]

Sounds like an economist.

[@keirenle]

Western News has been saying that the Chinese gov BRI loans have become bad, and it could drag the whole economy down with it. I know infrastructure takes time to recrue the investment back but how bad are they really?

[@nelsonwu7946]

poor analogy, its just a successful hard working friend helping another who is not successful but also hard working

[@bungkusi2432]

Why say Chinese company control? It's no string attached relationship unlike USA's

[@dallassegno]

... you realize the money is fake right? Like... why do people pretend fiat is real? The pain is all imaginary. If it weren't so sad i wouldn't think it was this funny.

[@thechurchandthenations]

What you dont know is that when chinese miners mine a third world nation mine, they do not process the mineral in the original nation, but in china, thus robbing the original nation if forex and creating forex in china. This makes it hard for the mine nation to repay debts using proceeds from the mine.

[@truelove3408]

"robbing" LoL. they Bought the minerals. No one's pointing guns to anyone's else heads. it's called Trade. The Imperial white men who had colonized the third world for centuries, are the robbers. They are being kicked out now.

[@superchargerone]

wahahaha as if mining companies from the west process the ores in country lol. The west had been robbing mineral rich countries this way but oh ... is this a whataboutism... or is this the truth?

[@blue_eagle4989]

how is the subscribers only 4.3k? I thought it was 10 times bigger

[@TheKkpop1]

Nobody wins in casino.

[@jackreacher8858]

NOPE CASINO WINS BIGGLY

[@spectrallim4802]

Guess who's going to Mexico to work soon. 😂

[@jackreacher8858]

BOZO ?

[@alanjenkins1508]

China invests in other countries infrastructure to facilitate resource extraction, and nothing else. It is the reason colonialists did the same. The Chinese just require the governments of those countries to remain stable enough that the resource extraction can continue. They will spend additional money to achieve this.

[@sciagurrato1831]

Somewhat unclear - if these developing countries are doing well in terms of exports (priced in usd) why wouldn’t they have enough to repay usd loans? Most IMF loans are fixed rate, and those older borrowings are at relatively coupons. IMF current lending isn’t at 2% fixed.

[@denislim123]

Many developing countries struggle to get USD to trade. Holders of US treasury debt are losing out as the value of that debt holdings is plummeting as the US continues its fiscal irresponsibility. High US interest rates is taking its toll on these nations. As de-dollarisation continues, the musical chair game the US has been playing is ending and people want out.

[@user-vp1vl6yp9t]

fyi, doing well and doing well enough are two different things.

[@sciagurrato1831]

@@denislim123 not an answer to my question.

[@sciagurrato1831]

@@user-vp1vl6yp9t not an answer RO my question, just palaver.

[@sciagurrato1831]

@@user-vp1vl6yp9t a generalization that doesn’t answer my question.

[@computer-ot8si]

if China is a real democratic country, all you said is absolutely right

[@charlespeterson778]

Lost me on that one

[@richestguy]

are you prepared to return to US ?

[@bellybutton6138]

Kishore Mahbubani said: Uncle Sam cannot share.

[@fleetadmiralofthe50centarmy]

"USAin" would've taken Mike's money (by 🔫 point) his car, next children and probably his wife.

[@shanghaiffgg]

The money was not house money that China won. It was earned off the back of hard working Chinese people and it was squandered across the world on failed projects rather than investing into the social supports that are badly needed like better education, pensions and better medical systems. The Chinese did belt and road for reason of national security and the failed idea that they could build a new world order. Now that belt and road has collapsed belt and road is simple about China buying committees as cheaply as possible.

[@user-ok6re8gv1q]

China’s consistency of market and policies and win-win and consistent growth helped australia avoid a recession for over 20yrs even when america tanked so many other economies. The wirld needs to couple with the steadfast parent china -- and de-risk from the over indebted crazy drunk uncle sam.

[@derwaldbaer5707]

I don't understand how foreigners paying offshore dollars for rolled-over debt can fuel inflation in the US? Plus when debt is refinanced, the holders of the old debt, who are partly offshore as well, get paid in dollars, so dollars become available offshore? Or are you talking exclusively about the debt financing the new US deficit? But even then, the countries that have a dollar shortage need not buy these new treasuries. I don't understand the logic. No criticism, just a question.

[@blue_eagle4989]

Is Kevin under controlled demonetization process? How can 4.3k subscribers have about 9k views in 12 hours? I thought Kevin is a serious business analyst and observer of differences between US and China, why is that bad? to whom it is bad?

[@blue_eagle4989]

US media control has been up to another level, looks like the politicians want to isolate US mass and feed only the content they wanted to feed. Tiktok banning is one, internet sensor is another. Only TikTok and X are two free and open ones as far as I can say. When both are gone, mission accomplished, very scary and sad.

[@michaelmarchal4004]

Ch❤na

[@user-ln5pi6zp2t]

Solve this by currency swapping

[@somsackvongsa7077]

Walking.no driving

[@phillipyap7697]

Wrong the interest rates is the other way round .

[@michaelloong964]

China ( Frank ) helps the US ( Mike) during the 2008 financial crisis by loaning lots of money to the US to tie over the critical period. Now 2024 Mike comes back to ask Frank for another big loan. However, Frank thinks that Mike is no more a friend who has been quite hostile to Frank lately. So Frank says no to Mike for a loan. Mike will have lots of tales to tell his wife how come he is so broke and Frank is so rich. Mike wife is angry that Mike gambles too much and loses his money and now they are broke. They need to sell their house to make ends meet.

[@jacobzindel987]

This long winded story is insufferable

[@johnyossarian9059]

Can anybody explain "...beause US dollars are now becoming scarce abroad, but they are becoming very cheap at home..." Why is the US dollars becoming very cheap in the US if the US government has to raise the interest rate (or at least not slashing it down) to attract these dollars from abroad?

[@gphuang67]

Because of the inflation?

[@johnyossarian9059]

@@gphuang67I take "US dollars...becoming very cheap..." as meaning the cost of borrowing in USD?

[@gphuang67]

@@johnyossarian9059 but the interest rate is still high so borrowing us dollar is not cheap right?

[@gphuang67]

@@johnyossarian9059 on the other hand, you buy less than before the inflation, in that sense, current usd is cheaper than before the inflation, right?

[@johnyossarian9059]

@@gphuang67 Oh ok, as in the USD is losing its buying power in the US because of the inflation. Right? Even though its exchange rate has gone up against other currencies because higher interest rate in the US is suckng in all the USD from the global market leading to USD scarcity in the global currency market? Or did I get it all wrong?

[@zaffvideos5688]

Shifting the gravity from One slave master to another slave master. Show must go on.

[@jackreacher8858]

One who whips you the other take you as partner The choice is real easy Don choose the one with the tall hat hahs