Comments by "Thomas Rogers" (@thomasrogers9146) on "Yellen Says China’s Support for Industries Poses Global Risk" video.

  1. To expect china to stay in low value added manufacturing for ever is insane and delusional.The chinese economy has moved into advanced industries. This is a threat to western economies. yes. its called competition. This is why we need large scale industrial policies to remain competitive in a multipolar economic world dominated by the global south.. The colonial imperial west who did not have to compete for the last 300 years now has to compete with its former subjects. AND THEY ARE HUNGRY FOR THE GOOD LIFE. Adapt or get you ass kicked. its 2024 not 1824.
    1
  2. The u.s debt is now 34 trillion dollars and our interest in now 1.4 trillion dollars a year. we are spending close to a trillion a year not on affordable education, housing,manufacturing, health care. Nore infrastructure which will create millions of high paying job, but on our military .our entitlement spending is not sustainable medicare and medicade is been looted by our health care insurance companies and hospital corporations..We are subsidizing our unaffordability health care system to the tune of 3 trillion a year with the worst outcome in the developed world. we are subsidizing our farmers for loss of the chinese market due to our trade wars. our global occupations and wars have cost us trillions with nothing to show for it. we are subsidizing our defense contractors and weapons industry. Wall Street ,the rich and many American corporations pay 0 in taxes. Our leaders have no vision for our feature and our political system is dysfunctional. ITS NOT CHINA'S FAULT WE ARE IN DEBT. WE CREATED ALL OF OUR OWN PROBLEMS.
    1
  3. The chinese personal savings is around 18 trillion dollars. The chinese trade surplus from global trade is around 1.2 trillion a year. The United States is not chinas largest trading partner. we are number 3 Trade between the u.s and china around 590 billion. U.S export to china around 155 billion. There are around 280 American companies operating in china grossing around 400 billion dollars a year..American personal savings is less than 1 trillion a year. IF YOU LOOK AT THE NUMBERS IT LOOKS LIKE A WIN WIN TRADE RELATIONSHIP.
    1