Comments by "M Simon" (@msimon6808) on "Sean Foo" channel.

  1. Yes. And quickly. Decouple from America as soon as possible.
    13
  2. As an American - I must say this is very good news.
    12
  3.  @Andrew-rc3vh  The test will be - does the new currency survive the coming depression? That is the true test. BTW - the Americans are waking up to the defects of being the reserve currency. It means a continuous current account deficit. Money is debt in the current system. If you have an American dollar the Americans owe you.
    5
  4. "They are willing to fight" is what got America out of Vietnam - the Tet Offensive, which Vietnam lost militarily. The same mindset keeps America in Ukraine.
    5
  5.  @darrylknight2675  You have a Navy that can repel pirates? You might encourage your country to get one. America is dropping out.
    4
  6. It is occasionally possible to appeal to American values. Freedom of speech say. Russian values require an appeal to Stalin.
    4
  7. Gold has been killing dollars for a very long time. This time the demise is certain. Possibly.
    4
  8.  @gelinrefira  The results are obvious. The property sector is holding up well. The expectation is that it will decline no more than 70% to 90%. Management with Chinese Characteristics is always a winner.
    4
  9. China has an insufficient technology base. China also lacks the commitment to precision.
    3
  10. The US dollar hegemony ends when the USA stops being the top economy in the world. As the world wide demographic collapse accelerates - except for America - the American decline may take another 100 years.
    3
  11. China has an excellent future. It is no more corrupt than Russia and just as competent. Better still Russia and China are "unlimited friends".
    3
  12. Actually it is traditional and counter cyclic.
    2
  13.  @rockymarcianothe3rd135  Yes. And I'm sorry. This year you can appeal to Stalin's heir, Putin.
    2
  14. China is very smart to decouple from the US and the rest of the world.. China doesn't need the US. This American says the faster the decoupling from the world the better. A China without customers sounds really good.
    2
  15. Now compare that to China's position - which is much worse without capital to fall back on. The real question in public economics is - "compared to who?"
    2
  16. After the huge victories in Kyiv and Kherson is is good Russia is touting a victory on a small section of the total battle front. Things must be going really well for the Russians who have a new commander who will do even better than the last one.
    2
  17. Coal, Oil, Agriculture, Iron. is all it takes - if the waterways are well located. The US has all 5. Once Lincoln 'united' the nation, following administrations had to be very very bad to mess it up. So far only bad.
    2
  18. Without oil they go broke. If they buy up all the gold, electronics manufacturing stops. Get to it.
    2
  19. I just can't live without Chinese Christmas blinking light snowballs. America will be destroyed without them.
    2
  20.  @privacyhelp  Wait. You can get resources for dollars? Sounds like a pretty good deal.
    2
  21. It is the usual thing to do in a local war. Cut off all interactions.
    2
  22. That is not the way money works. Bad money drives out good. People save good money. They spend bad money. That is the tendency. It also makes sense on a personal level.
    2
  23. A $million is a rounding error in a $4 trillion budget.
    2
  24. America applauds Sean's efforts. His efforts are helping bring industry back to America. EXCELLENT!!!!
    2
  25. The Chinese Government LET property values get out of hand because it got a cut. It doesn't get any more corrupt than that.
    1
  26. They also need people to run the industries. They don't have those either. Much of the world is in demographic collapse. Russia, China, Europe. America is only in decline.
    1
  27. Do you know what "bad credit risk" means?
    1
  28. Where is China planning to have its next war? In China.
    1
  29. Bad money drives out good. A very old economic truism. All that is needed for currency survival - will it last to next week? To next month? Is there enough currency to handle the transactions? Can you buy insurance?
    1
  30. They want a cut. That is how deals get made.
    1
  31. They have taken Odessa.
    1
  32. The ultimate mistake for China, like Russia, is the decision to go to war with the USA/EU. Those two are China's biggest customers. Sanctioning China may destroy the dollar, it will definitely destroy China. Besides - Communism leads to poor decision making. Look at what America gained by having so many Americans not follow official Covid policy. Natural immunity.
    1
  33. Actual American policy since Trump and doubled down on by Biden is decoupling America from China while Europe is now decoupling from Russia. China wants Taiwan? After America moves semiconductor production out of Taiwan, China can have it. If China can take it. Given the Russian experience with a corrupt military, I'd say that is now off the table as long as American arms are available. Buying back American arms pays back some of the money Americans spend on semiconductors.
    1
  34.  @L98fiero  There is an acute chip shortage. The bans mean nothing in terms of production, currently. They just determine allocation.
    1
  35. The problem was a mismatch between assets and liabilities. Not fraud.
    1
  36. With food in the refrigerator, gas heat, and hot and cold running water.
    1
  37.  @L98fiero  If you can go light speed, time stops.
    1
  38. If Russia wants to inflict enough inflationary pain to change the course of the war it should stop producing oil altogether. Outsmart the Americans.
    1
  39. Lets stop the fear porn and stick with the great Chinese reality. Chinese women don't want children. They want them less than any other nation on earth. China is fine.
    1
  40. Another scar. The Russian Genocide of Ukraine in the 1930s. The Russians starved to death millions of people - for profit. To pay off bankers.
    1
  41. I especially like the part where China kills tens of millions of its own citizens.
    1
  42. Yeah. What if? What if it just prints more money?
    1
  43. And here we are 15 years later chugging along nicely. While China's property market is in total collapse. The Chinese economy can't support the valuations given to property. Estimates are that the values are about 10 times too high. Never seen it get that bad in the west. Banks wouldn't allow it.
    1
  44. Redeeming bonds early at par is not much of a bailout.
    1
  45. Actually the funding comes from the Drug War. Which no one complains about.
    1
  46.  @fannyalbi9040  And that is aiding the Chinese currency collapse. Well done.
    1
  47.  @therealdeal2163  Very true. But you don't make much money from poor people. And most of the rich customers are going away. It is your political system. And the demographic and tofu dreg collapse.
    1
  48.  @therealdeal2163  Japan had a quality control problem and fixed it - forcing America to fix theirs. China is NOT moving up the quality chain.
    1
  49. He is short on history. The Russian Genocide of Ukraine in the 1930s. The Russians starved to death millions of people - for profit. To pay off bankers.
    1
  50. Just about everyone uses enriched uranium for reactors. It makes them smaller. The amount of enrichment possible depends on quality control (control of impurities). American carrier reactors only require one refueling in their 40 year carrier lifetime. That is a great deal of enrichment. Enrichment is not a choke point.
    1
  51.  @tizme2311  The facilities are not difficult to build. The USA invented them. What is difficult is low cost electricity. With the US reindustrializing it is entirely possible that this will be restarted. And 24% is right on the edge of being critical. All the oil sanctions were not imposed at once allowing countries to find other suppliers. I expect this is similar with a longer lead time.
    1
  52.  @tizme2311  The usual reason for this kind of "panic" is to get government backing and the corruption that goes with it. As I pointed out - Europe was given a year to get off Russian oil. They are being given longer for EU (heh) because of a current lack of suppliers. No doubt that will be corrected.
    1
  53. America has a different system - it prosecutes Ponzi schemes. That reduces their frequency.
    1
  54. The Russians buying time ==> The Russian Genocide of Ukraine in the 1930s. The Russians starved to death millions of people - for profit. To pay off bankers.
    1
  55.  @MrArthoz  America is a much richer country by a factor of 10X. America spends countries to death.
    1
  56.  @averageamerican6727  Dictatorships are like that. Until they aren't.
    1
  57.  @MrArthoz  The era of free trade (such as it was) is over.
    1
  58.  @MrArthoz  In the current system American debt is American money. As messed up as it is, no other very large economy is as sound as the American. We have gas, oil, iron, coal, and agriculture. 15,000 miles of natural waterways. And technology. For some time to come America will have these very large advantages. And America has gone MAGA - totally. None of Trump's trade policies have been repealed. And Joe is inventing new ones.
    1
  59. The Chinese Government let these companies run their Ponzi schemes. No honest government would allow such massive theft. Why did the Chinese government do it? It profited from the theft.
    1
  60.  @wisdomtan490  The 90% crash in property values will work nicely to crash the economy. The Chinese economy is 10 times too small to support the property values. That means a lack of retirement income for a rapidly aging population. The correction is in progress.
    1
  61. How many friends does Russia have left?
    1
  62.  @nxtktube  I never realized Russian Imperialism was that popular. I believe the popularity will go down as the war crimes trials start.
    1
  63.  @firstnamerequiredlastnameo3473  Yes. And there seems to be a coalition building there. Japan, Australia, Taiwan, the Philippines. And America's friend Vietnam (quite a surprise that one).
    1
  64. Where is China planning to have its next war? In China.
    1
  65. Ukraine has a big advantage. Ukraine has a history of genocide by Russia.
    1
  66. The Iraqis still lost.
    1
  67. It is absolutely not true that China's Property Market is collapsing. That the "dollar replacement" is not tradable. And that China is not self sufficient in energy and food. No reason at all for negativity.
    1
  68. Putin needs to show Ukraine the Spirit of Russia. The Russian Genocide of Ukraine in the 1930s. The Russians starved to death millions of Ukrainians - for profit. To pay off bankers.
    1
  69.  @oneviwatara9384  American oil companies would love those prices. How soon can we get some action?
    1
  70. @Awisefish It will be awesome when the whole Russian Army attacks Ukraine. Not just the little bits Putin has been using so far. The attacks on Odessa will be brilliant as usual. Kherson should be retaken in days.
    1
  71.  @lesegomabiletsa6458  Oil to Poland has been cut off. Good for Poland and Russia. Poland will need to get its oil elsewhere and Russia will need to get its money elsewhere.
    1
  72.  @mna7308  That works as long as the factory has customers and trade by sea is protected. The Americans used to handle freedom of the seas. They might do it again if you ask and pay. China is not independently wealthy. And geography and history give it belligerent neighbors. And of course the War Problem. For Americans (and the world) wars happen elsewhere. Where is China planning to have its next war? In China.
    1
  73. @ptaeiy China's Navy is not Blue Water. It is a coastal Navy. At sea transfer of personnel and material is not a Chinese specialty (I was highlined aboard my ship which was taking on oil at sea in '66. South China Sea.). Over 100 years of carrier warfighting (and winning - the losers are now our valued allies) experience. China and America both lost to Vietnam. The difference is that Vietnam is now loosely aligned with the Americans. No war can cure China's demographic problem (which may be terminal). War can only make it worse. For a country with educated women, survival depends on making the future look bright (having children has to look like a very good deal to women). Only one major power in the world even comes close. It is not China.
    1
  74. @ptaeiy The Chinese Navy is a coastal Navy. The American Navy covers all the oceans. The Chinese - the South China Sea mainly. But I must say the idea of threatening your best customers with war was absolutely brilliant. You now have no custom from them. That is a huge improvement don't you think? You are now on your way to unrestricted belligerence. No more customers to worry about. Of course the lack of income makes war more difficult. And more likely. Maybe if you attacked the Americans they would start buying again? That could be a war aim.
    1
  75. America no longer wishes to trade with China. The intent is to leave China alone. Like before Nixon. That will be an improvement don't you think? China promising to destroy world trade by attacking Taiwan has rattled the Americans. A very smart move on China's part. Well thought out. America intends to destroy China's world trade first. Just goes to show you that threats are almost always effective. If they can be believed.
    1
  76. Where is China planning to have its next war? In China.
    1
  77. "Historical Russia" is a Russian Imperial dream. Americans traditionally oppose Imperialism. It is a part of their founding.
    1
  78. Well yes. There are some glaring exceptions like American adoption of French interests in Vietnam. We learned our lesson. "They are willing to fight" is what got America out of Vietnam - the Tet Offensive, which Vietnam lost militarily. The same mindset keeps America in Ukraine.
    1
  79. Property prices are expected to fall no more than 70% to 90%. The Capital Class will be destroyed along with millions of Chinese Retirement Investors. Long live the Emperor and his Party - the CCP.
    1
  80. The world has been living under an American defense umbrella. As shoddy as that is, would the world generally be better without it? We shall see. America has been pulling back since 1991. You are on your own.
    1
  81. @gg-petite Chinese characteristics - the Red Guards and mass murder.
    1
  82. Don't forget money. The Chinese depend on American money. It is being taken away. In this war Ukraine has an advantage. Ukraine has a history of genocide by Russia.
    1
  83. From an economic standpoint America has about 1/2 of the world's customers.
    1
  84. China's priority is long term, sustainable growth during a population and economic collapse.
    1
  85. Russia has taken Odessa. No one reports it.
    1
  86. The American Economy doesn't depend on international trade, unlike China. China is not independently rich like the Americans. Sean never takes that into account. If the Americans don't provide 'Freedom of the Seas' globalism is over. Reread Alfred Thayer Mahan.
    1
  87.  @spankythemonkey9828  Drug Prohibition is American Government policy. It creates poor and homeless. The American people like that policy. Dr. Lonny Shavelson found that 70% of female heroin addicts were sexually abused in childhood.
    1
  88. China attacking Taiwan will bring about a global recession. Or does China have something else in mind? Has China decided that trade is better than war?
    1
  89. Russian economic figures are absolutely correct. The Politburo makes sure of it.
    1
  90. BTW reports I have read claim Russia has donated huge amounts of equipment to Ukraine including in the Kherson region. Ukraine has other advantages. Ukraine has a history of genocide by Russia.
    1
  91. The Commissar gets his cut no matter what.
    1
  92. Russia is not collapsing. The reports of families in Russia complaining about missing loved ones is a total lie.
    1
  93.  @naturalselection1203  Because the government was significantly responsible for 2008.
    1
  94. Dollars are still the king of international trade. There is a market for them. They are backed by the Seventh Fleet. The Sixth. And a few others. And yeah. Brandon and his economics has to go. But I like how he is handling the war.
    1
  95. Where is China planning to have its next war? In China.
    1
  96. You will need to work at it.
    1
  97. Peace talks will be held when Russia surrenders. Ukraine has a great advantage. Ukraine has a history of genocide by Russia.
    1
  98. Chinese women do not wish to reproduce. More so than any other country on earth. Where is the long gain?
    1
  99.  @nikkion2140  Instant gratification! made the west invent the Internet. You are welcome.
    1
  100.  @gideondejongh838  Lucky that the Chinese don't notice a collapsing property market and birth rate. Ignorance is very valuable. Until it hurts.
    1
  101. About 3 destroyers in the Indian ocean or further up in the Persian Gulf - are the end of China. If China wishes to remain in the 20th Century - it will not go to war. It is vulnerable in food and fuel.
    1
  102. I'm waiting for Russia to promise no genocide if it wins. The Russian Genocide of Ukraine in the 1930s. The Russians starved to death millions of people - for profit. To pay off bankers.
    1
  103. Uh. No. The world is going from production to consumption. The world population is aging. Youth produces. Old age consumes. Investment generally is going away.
    1
  104. You assume youth and production. We are entering old age and consumption.
    1
  105. Communism is not about common prosperity. It is about common prosperity TALK and theft. And who can leave out the Red Guards and mass murder?
    1
  106.  @widodoakrom3938  "China economy growth 6.3% in Q2 in 2023 so it will be fine" And those are official Government statistics. Very trustworthy. Especially given that the Chinese property market is in total collapse. And not discounting for tofu dregs construction.
    1
  107.  @wisdomtan490  China has lots of time. In 50 years it will be a nation of 600 million. That is an astounding growth rate. It has never been done before.
    1
  108.  @wisdomtan490  Chinese women don't want children. They want them less than any other nation on earth. China is not fine. Nor will it be.
    1
  109. It is already being strangled. Car manufacturing has essentially stopped. Collapse will take another year or two. No rush.
    1
  110. Are there are no Chinese laws against Ponzi schemes? Or was the government getting a cut/
    1
  111. All the tanks Russia gave Ukraine will be much more helpful.
    1
  112. Stop selling to America. What is even better is that America promises to stop buying and make their own. With robots made in Japan. I assure you - America no longer wishes to support the Chinese economy. We are already cutting back.
    1
  113. Real food imports = Food eaten minus food grown in China Real oil imports = well you get the idea Still having trouble keeping the electricity on?
    1
  114.  @lezzgp  Then add in the business collapses due to the lack of profits and what do you get? Communism.
    1
  115. What "free rent" policies?
    1
  116. Another thing to look at. The Russian Genocide of Ukraine in the 1930s. The Russians starved to death millions of people - for profit. To pay off bankers.
    1
  117. Truth. The Russian Genocide of Ukraine in the 1930s. The Russians starved to death millions of people - for profit. To pay off bankers. Russia needs to promise - no repeat of genocide.
    1
  118. Americans totally see your point and are reducing their imports from China - personally. The US Government is also working to reduce trade with China. We will do what we used to do. Leave China alone. We look forward to hearing how the Chinese people and Government like it. China has a much bigger debt crisis and street demonstrations about it.
    1
  119. In a year or two Russia will be 5 or 6 countries. Other countries will be carving off or taking back pieces. It doesn't matter which way Russia pivots. The Americans have had enough Russia for a very long time. Thanks to Putin - Russia will be destroyed.
    1
  120. Fortunately China is collapsing faster. China has a plan to go to war with the USA as a political distraction. Very clever. USA is China's #1 customer too. Good business to start fights with your #1 customer.
    1
  121. Of course profits are bad. But I have never seen a successful system based on losses. Where is China planning to have its next war? In China. Russia is currently exploiting the value of that proposition.
    1
  122. Except the rest of the world has a worse spending problem. Relativity is a thing. Even in economics.
    1
  123. Neither can the Americans. Thus - very unlikely.
    1
  124.  @marcussthehippyindisguise9147  " a range of other more stable currencies " The trouble is - the dollar is bad and everything else with useful volume is worse.
    1
  125. Good of Russia to raise the income of American oil companies. A brilliant move. It is no wonder Russia won the Cold War.
    1
  126.  @well9179  He was joking. Of course the Russians are stupid. They attacked Ukraine with an inadequate military and human wave attacks - last used in WW1 because of the high losses.
    1
  127.  @well9179  Russia can raise prices (cut production) or cut prices (increase production). Raising prices helps other producers but hurts Russia (lower sales volume). Lowering prices hurts other producers and Russia (lower income per barrel- possibly lower income). Do you think they are stupid? They managed to get Finland and Sweden to ask to join NATO. Did I mention Ukraine? I have never seen such smart foreign policy since America went to war with Vietnam.
    1
  128. @Mirage_Panzer I can only tell you my impression of public sentiment in America at the time. If you recall, the North was surprised at the American reaction since, objectively, the North had lost the fight. They lost the military battle, and by that learned that winning battles was not their actual objective. Just staying in the war was enough. Because the Americans saw "They are willing to fight". And decided that the North wanted a win more than they did. And worked to give it to them as soon as possible. I was among the anti-war anti-LBJ protesters at Century City. I didn't stay for the riots. BTW DaNang was a heck of an arty battle. I heard some of it from offshore.
    1
  129. @Mirage_Panzer As in the current Ukraine war if Americans had to fight in the war the support would greatly decline if the war carries on. We are like Russia. For direct involvement we require a quick win. But if they (on our side) want to fight we will back them. We are lucky to have Poland and Ukraine on the front line. Backing for Ukraine is rising faster because it is easy to see that even with favorable exchange rates - manpower is a problem. I'd say the American Generals have decided they have gotten as much attrition as they are going to get.
    1
  130. You understand that the Chinese Government LET property values get out of hand because it got a cut. It doesn't get any more corrupt than that. Papered over with Socialist Talk.
    1
  131. The West KNOWS it has been defeated by China. The West is taking its business elsewhere.
    1
  132. The barbarians own the place. Wanna make a deal? The transistor was an American idea. We are still the best at it. And are reshoring as fast as we can.
    1
  133. In theory. In a subsistence economy. But if you have a farm tractor and a mortgage...............
    1
  134. A country whose population is sharply declining while heading for an average age of 60 is not a viable country. The US Government takes care of investors (we have laws) because it likes investment. China should definitely discourage investment and profit. Profit is anti-communist.
    1
  135. What would an abused child do is equally viable. The world is run by abused children.
    1
  136. The USA has been buying friends since its founding.
    1
  137.  @susannahvarietyvideos5660  Don't forget the corrupt governments getting payoffs and the Chinese profits from shoddy construction. Undoubtedly local farmers will benefit.
    1
  138. Bail the property developers. Then the citizens.
    1
  139.  @gelinrefira  That is how communist/authoritarian systems claim to work. It is not how they actually work. Every one has a hand out. - is the usual way business is done especially in those kinds of places. Loyalty is bought.
    1
  140.  @gelinrefira  How does the ongoing property collapse put the interests of the people first ? It was an obvious Ponzi scheme. The Government did nothing to stop it. It was getting a cut.
    1
  141. Plans have to be considered. Where is China planning to have its next war? In China.
    1
  142.  @youwaiyap2708  It is going to happen. Best in the open with rules. Rather than Chinese, hidden. It is in our Constitution. You can petition the Government. Lobbying is a form of that. We have rules beyond the Constitution. BTW I was a 2708 guy in 1976 for about 15 years. I sold a lot of EPROM erasers until FLASH. Wrote an article in Kilobaud about it. .
    1
  143. The article is "Faster Erase Times"
    1
  144.  @gimpee8113  At least the USA has a Constitution to point to. What does China have? Mao?
    1
  145. You have to do a few things. 1. Destroy the US Economy 2. Destroy the US Military 3. Destroy US technological edge To do #3 you have to destroy US tech culture. Which includes independent thinking and openly avoiding authority. Both normal in the West (especially the USA) and not normal in dictatorships. Dictatorships have limits. Self imposed limits.
    1
  146. America no longer wishes to trade with China. The intent is to leave China alone. Like before Nixon. That will be an improvement don't you think? China promising to destroy world trade by attacking Taiwan has rattled the Americans. A very smart move on China's part. Well thought out.
    1
  147. Advantage Ukraine. Ukraine has a history of genocide by Russia.
    1
  148. Ukraine has one thing Russia does not have and it may be decisive. Ukraine has a history of genocide by Russia.
    1
  149. Ukrainian gas will be the next European supply. How about a marriage of Ukrainian resources and German technology?
    1
  150.  @Sunnyokwor  China is undergoing demographic collapse. So is Russia. So is Ukraine. So is Japan. It will change everything.
    1
  151.  @patienceobongo  Lucky for Russia, eh?
    1
  152. Never attack your banker's interests. It is wise to get a new banker first. The same problem Russia had in the 1930s when screaming of the evils of capitalism. The Russian Genocide of Ukraine in the 1930s. The Russians starved to death millions of people - for profit. To pay off bankers. Why didn't they default vs genocide?
    1
  153. China no longer needs to worry about American deceit and untrustworthiness. America is decoupling from China as fast as it can. We will go back to our old policy, before Nixon, of having nothing to do with China. I'm sure the Chinese people and Government will applaud the improvement in relations that this move brings.
    1
  154. Did I forget to mention that for the first time in almost 80 years, Japan is rearming? They are building a Navy. The Americans are not objecting.
    1
  155. Excellent. Now China can destroy its economy on its own. The property sector looks like an excellent investment with property prices crashing and tofu dreg construction causing more collapses. And who would leave out the high rise fires? The inspectors must have been paid well for those. In 20 years the average age of China will be 60 years.
    1