Comments by "Tony Wilson" (@tonywilson4713) on "Geopolitical Economy Report" channel.

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  7. HEY BEN: Now for some information you're NOT TELLING everyone. YES America and the West have been bad. I'm Australian and we have been as bad per capita as anyone and worse than most, BUT there's only 25 million of us. That said we have to lift our game just as everyone else has to. THIS IS NOT A GAME of your country, my country that country, those countries. There are 8 Billion people on this planet and we are all in this TOGETHER and Mother Nature does NOT CARE about which flag you are waving. Yes the Chinese lifted 800 million people out of poverty and its been one of the greatest economic achievements in human history, BUT THEY WERE SLOPPY very sloppy. For well over 20 years starting in the mid 1990s they were burning as much coal in the ground as they were in power stations. We know this because the hired German specialists to help out and the Germans made a documentary about it. It's what happens when you are sloppy at coal mining. By the early 2000s the Chinese (according to the IEA) were burning as much coal each year as the entire human race did in the early 1970s. By the 2010s the Chinese were burning over 3,000,000,000,000 tons (3 Billion tons of coal). Remember that C + O2 -> CO2 formula from high school? When you look at the atomic weights you find oxygen is heavier than carbon so for each ton of Carbon that is burnt you get 3-2/3rds tons of CO2. So those 3 billion tons of coal produce 11 billion tons of CO2. But with what the burnt in the ground the Chinese have been emitting over 20 billion tons of CO2 a year. The problem is the Chinese have to shut their coal fired power stations and they AREN'T. Do the Americans, Australians, Canadians and other have to do better, OF COURSE THEY DO. But playing your country, my country, that country, those countries HELPS NOBODY.
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  11. HEY BEN: Just a counterpoint and some perspective to this. In September 2022 the US Congressional Budget Office produces a report on Family Wealth 1979-2019. Anyone can look it up. I first heard Richard Wolff mention it and as far as I know he's not mentioned it since. I saw Kyle Kulinski bring it up a few weeks ago in response to it being reported on Poilitico. I'm Australian and the first time I looked at that report I thought _"this is going to break America!" because just the first graph tells the ugliest of stories. It breaks the American population into 3 groups - the Top 10% the Middle 40% and Bottom 50%. If you just look at that very first graph the raw data says the Top 10% have sucked up a staggering amount of wealth while the middle class have done OK but the working class have been hammered and gone from nowhere to nowhere. But the really telling thing is to compare the 2007 to 2010 change against the 2007 to 2019 change because that explains what happened in as a direct result of the 2008 GFC and how those 3 groups have done since. I also corrected for population and looked at the average for a person in each of those groups. The Top 10% LOST 11.1% of the wealth in the GFC but by 2019 were 21.7% UP on their 2007 wealth. The Middle 40% LOST 13.3% of the wealth in the GFC but by 2019 were 4.6% UP on their 2007 wealth. The Bottom 50% LOST 49.5% of the wealth in the GFC but by 2019 were STILL DOWN 21.8%. YES the people who ACTUALLY CAUSED the 2008 GFC and got bailed out are not only ahead but ahead by a massive amount while the Middle Class who bailed them out have only just begun to get ahead while the Bottom 1/2 of the American people who got smashed are still well behind. So here is my point to you Ben and all the other Americans and the Others who crap on about American Imperialism and what it ahs done to the world. I have 3 questions for you? 1) What do you think the 132 Million Middle class Americans who BAILED OUT the Top 10% think about it? 2) What do you think the 165 Million Working class Americans who've been smashed think about it? 3) Do you think they care in the slightest about American Imperialism or do you think they'd just see you and others as whiny clowns? Because they certainly haven't done as well as your Cuban friend makes out. Have they?
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  15. Its not a stupid concept to move away from the US$ especially considering the socio-political issues that are currently tearing America down the middle as well as America's attitude to foreign affairs BUT shifting financial control to countries that are (at times) OPENLY hostile to each other AND OPENLY execute dissidents or assassinate them as well as being so rife with CORRUPTION that its actually part of their standard practices IS NOT A SOLUTION. Lets not forget that these countries DON'T like each other that much. India has issues with Pakistan and China that often ends with bullets. Russia has issues with China despite selling them heaps of oil & gas and lets not forget that China is still pissed they lost Outer Manchuria to the Russians a century ago. Most of the middle east and former Soviet Republics prefer shooting at each other than trade. The biggest resource of BRICS is actually people. They still have young people who are the primary consumers in any developed society. Peter Zeihan points this out all the time and its why India thinks it will be a major player in future. HOWEVER - both China and Russia are in serious population decline. At least the Russians haven't wasted Trillions on those ghost cities, but then the Russians have allowed Trillions to leave and spent on boats and soccer teams. Brasil and India have massive populations but MOST of them are poor and can't afford consumer goods yet. But the biggest issue they face are the monstrous cultural issues surrounding Religion. B - Brasil is Catholic; R - Russia is Eastern Orthodox; I - India is Hindu; C - China is 1/2 godless communists and 1/2 Confucians with a smattering of Muslims in between; S - South Africa is mostly Protestant Christian (Dutch & English) who don't much like Catholics or Orthodox with the rest being African Shamanism. Yeah sure that lot will be 100% cooperative considering chunks of their population believe the others are the spore of Satan and now they are inviting in BOTH Sunni and Shia Muslims to join. Yeah I can see this working out real good. Plus and this might be a huge bug. There's billions and billions of Chinese money invested in America as well as a lot of Russian Oligarch money hidden in places like Idaho which now has a banking system like Switzerland.
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