Comments by "bighand69" (@bighands69) on "" video.

  1. Economies cannot insulate them self from the West. China would need 100 years of economic development to enable them self to be able to do that. The danger with all of this is that Russia and China decide to escalate things to military conflict to try and deal with the west. The population of the west is in excess of over 1.5 billion when you include countries that are moving into that culture. And it is that economic engine that the world development has been based on for the last 150 years.
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  2. The truth of the matter is that the Chinese economy is an extension of the Western economic engine. So while people talk about emotions and fantasy reality of economics matters.
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  3. Sanction is not the correct word to be used here. It is an economic blockade and it can be extremely damaging. The western world needs products and some of those are produced in the east.
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  4. Because the economic blockade that was placed on Russia would be far more damaging to China. Russia can probably ride this out longer than China could but they will still have to pay a price at some point.
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  5. So what is the alternative to western technologies and innovation?
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  6.  @wkl4733  China and Russia can build trade but how would that dynamic work. Russia has a population of about 150 million China has a population of about 1.4 billion. The Western economies have a population of about 1 billion and a marketplace that has been hundreds of years in the making.
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  7. But who is going to move away from the dollar? It is not the west and developed economies that will do that. Most of the worlds innovation is from the west. It is just a reality of the world. Russia has oil and China has cheap manufacturing but in less they use that over the long term it will not enable them to develop.
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  8.  @EGvids1  China assembles high tech products they do not develop them or make them.
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  9. @Watcher Russia has nuclear weapons and their military while not match for America would probably wipe the floor with China. I doubt they were really interested in NATO.
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  10. The invasion has truly spooked western countries. They are horrified by the invasion. They have just gone through a covid economic shut down which was bad and will be far more worried about the security outcome than anything else.
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  11. SWIFT is a communications system rather than a transfer system and it takes decades to build such a networked system.
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  12. China is a manufacturing hub for what is called low value products. The make widgets that then get branded for the west. Russia has Gas and Oil which is far more valuable and what they output can produce more economic value if they only knew how to use it.
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  13. What many do not understand is that North American and Europe can easily produce their own gas, oil, coal and materials to do everything that they desire.
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  14. The reason the US invested into China and used it for manufacturing was an attempt to make China more like the west but it really failed. If The US and Europe had of used central, southern America along with Africa and greater Asia they may have created a more sustainable world economy. There would be problems along the way but nothing like today.
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  15.  @jimbocho660  Apart from the fact China is not acting in a friendly manner.
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  16. @Watcher What exactly does that mean?
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  17. @Watcher Military? The west which has over 1 billion people that may decide to not buy products from China. Not one shot maybe fired and the economy of China will go into decline that will not stop. The West has a 1 billion person consumer market that nowhere else on earth has.
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  18. @Watcher Most high tech components such as integrated circuits come via the US, Japan, Europe, Israel and Taiwan. China assembles the products and there is western brand names on them. I am not saying China has no economy or technical ability it simply does not have the economic resources that the west built up over centuries. I will explain the sorts of wealth that exist in America. One in three has an income of more than $100,000 per year. With the medium income being $70,000. At retirement the median wealth level is $1.5 million. But the west as a whole has very high levels of wealth and there are goods they buy as luxury and as essentials.
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  19. @Watcher It is not about boycotting Chinese goods it is about the west moving away from their own goods being manufactured in China. Those Nikes are also made in China as are apple products. Apple is just one company when there hundreds of high value technologies companies in the west.
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  20.  @H-Zazoo  All land is useable if you are willing. Even a desert can be turned into farmland.
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