Comments by "" (@thomasherrin6798) on "Economics Explained" channel.

I estimate the total debt without Household debt to be 57 Trillion USD adding in Household debt is 70 Trillion and it's a good estimate as anyone's including the actual CCP ones because I'm reasonably sure they don't know the full picture either, that's why they can't get to the bottom of it and sort it out, it's a financial quagmire and being belligerent as well does not help!?!
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 @randomguy7175 It won't its failing in its last go!?!
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@MrAdhiSuryana A YouTuber filming in a Western country can do it without restriction (Unless it's near a military base and privacy concerns and the like!), but in China it has Draconian laws for media, what we are watching is therefore not necessarily what China is like, but what the authorities want us to think it's like, there is a big difference, and China is a big place. However in economics you only need the facts (Such as they are without verifiable backup information!) and the conclusion to those facts is China is in a bit of a pickle of its own making!?!
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@vlhc4642 China is not transparent about anything, so it's difficult to judge China on its safety record or any records for that matter, the consensus of opinion is though that in a corrupt country ( ....and China is corrupt, if you say it is not you are in cloud cuckoo land or the CCP!) the building work will be sub standard!?!
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@jukio02 They are not very good at building high end machines as they have all been imported from Europe or Japan, China over stretches the credibility of its innovation, like it's passenger plane which has a majority of Western parts that can only fly in China (....and maybe Russia and other autocratic states!) If you progress, good for you, but you will pay the full price, the West has to date, been at the forefront of it all!?!
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 @烟雨听 .......but only China will buy it, and it's Autocratic "friends" possibly!?!
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 @mkvenner2 No we won't, only economic union, no political union, tried and failed, we will be the biggest economy in Europe by 2030's!?!
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@jace1113 If China doesn't want raw materials (Which doesn't really sell at a premium, it's what you make it into!) somebody else will, China slapped tariffs on lots of Australian goods Initially and Australia found other markets, it just takes a little time to develop the supply chains obviously China is a big customer but it's not the "only" customer, there is a Big World out there!?!
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The theory is China is too big to fail, the practise is that Xi will make it fail, if big companies do not diversify they will most likely get clobbered. The other point is why support our enemies, one day the price for cheap goods or materials will be paid in blood!?!
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@J_X999 That's because, as you (...and others) are skirting over, China borrowed volumes of debt since 2008 rather than having a sensible course correction and reduction in GDP as they wanted to overtake the US, they are still using volumes of debt instead of addressing the problems and the correction will therefore be larger than addressing it in a timely manner and will cause quite an amount of fallout with unintended consequences for which we will have to wait and see, China's debt burden is greater than the entire Wider West's debt burden for comparison so it's not an insignificant amount!?!
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@vlhc4642 Yes, I don't want to fact check you but there seems to be a bit of copium in there, but it's built on vast amounts of debt that you are not getting a return on, can you not see a slight problem with that economic model, at the end of the day you have to make money or one day you will run out of it, and China is running out of it, any economy can expand on debt it doesn't mean it should, especially as the property and stock markets are looking weak, and exports look to be losing ground especially in the mid to long term!?!
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 @Kawaga-uc4qq Well not yet!?!
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China will flop over in 10 years with a debt bomb!
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They will all be trying to shaft each other, with China at the top, corruption is key!?!
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America doesnt have the equivalent of the EU, being a protectionist racket run by Germany and France, running it downwards!?!
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Colonialism does not play a part in Africa's politics or economy currently as it does not exist anymore and hasn't since the Second World War, Apartheid (Rightly) also does not exist as a force, but maybe in some individuals or group attitudes, however the majorly black leaders in Africa are responsible for systemic corruption (They are the ones bribed by the mining companies, who ever they are etc.), nepotism, tribal infighting, state sponsored murder of opposition (Wagner employed to eliminate the leadership's political enemies and so forth) and other major breeches of human rights, it cannot just be put under the carpet as "White Man's problem" as the power is in black hands, it's YOUR problem, sort it out, until then, there will be no progress in Africa, your beating the wrong drum!?!
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