Comments by "Jackie Wu" (@jwu1950) on "Behind Asia" channel.

  1. The world does not have enough gold to back the mighty USD. Besides, USA owns 90% of the world's gold. Other currencies cannot have enough gold to back them up, but they can buy USD debts to protect their currency from bankruptcy. And like China, when they need cash desperately, they can cash in their US treasuries. I do the same thing : when I need cash quickly, I go to the bank to cash out my savings account. May the love and the peace of Jesus be with us.
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  2. What do you mean Japan is mismanaged ? Japan is a developed country and its people has the highest longevity and one of the highest per capita income. You want to live in China instead ? LMFAO !!! May the love and the peace of Jesus be with us.
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  3. Out of humanitarian love and care for all creatures of God. That's why USA help China even when they are really bad. May the love and the peace of Jesus be with us.
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  4. Exactly. China bought at high price, low yield, and is selling at low price, high yield because China is desperately in need of cash when China has no order, no job, no income, no tax revenue, no hope, and no chance. Besides, foreign investors pulling out of China demand USD and not monopoly money. May the love and the peace of Jesus be with us.
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  5. @ Exactly. That is why China tried to sell long term debt based on RMB and no one wants to buy them. Never mind debt, currencies itself is an IOU. When your credit, aka trustworthiness, is shit, your currency become used toilet paper. RMB is heading that direction. May the love and the peace of Jesus be with us.
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  6. @ My pleasure. May the love and the peace of Jesus be with us.
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  7. @ksy6177  When I talked about the love and the peace of a Jesus, God has nothing to do with it. Jesus in not God. Jesus is a man like Confucius, Lao Tzu, Buddha, and Socrates. It's that simple. May the love and the peace of Jesus be with us.
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  8. Exactly. Toilet paper is worth more than RMB. May the love and the peace of Jesus be with us.
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  9. Exactly. It's safe. May the love and the peace of Jesus be with us.
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  10. Very funny !!! DeepSeek cannot give a more funny answer than that. May the love and the peace of Jesus be with us.
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  11.  @brahmburgers  Exactly. That is why none of your step kids are wealthy like Donald Trump who has been bankrupt 6 times and come back to.become POTUS MAGA. May the love and the peace of Jesus be with us.
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  12.  @kaboomwinn4026  Gold cannot be used as food, you know ? Buy rice, bottled water, and toilet paper. May the love and the peace of Jesus be with us.
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  13. Risky yes, but what else is not risky ? Risk management is to ensure the Golden Goose lay lots of eggs and hatch them to become new generations of Golden Geese. USA sells US treasury. USA need not print any money. US treasury is the safest holding in the world. You don't want to hold rupee or RMB based treasury or cash, do you ? May the love and the peace of Jesus be with us.
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  14.  @billshun3963  What has those five words got to do with our golden geese ? There is no danger. There are only wealth, freedom, and happiness when you have lots of golden eggs. China only has salted eggs and stinky thousand year eggs. See ? May the love and the peace of Jesus be with us.
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  15. Exactly. We thank China for buy high/loe yield and sell low/high yield so Americans earn more interest. ❤ May the love and the peace of Jesus be with us.
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  16.  @ignatziusturret5641  US debts are not useless since US has never defaulted on its debt and since domestic savings own most of the US debts, the interest is earned by Americans and the usefulness remained mostly in USA. It's that simple. May the love and the peace of Jesus be with us.
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  17.  @ignatziusturret5641  Deficits ??? What deficit ? Real deficit is when you can't produce or you produce but can't sell because no one wants to buy your junk. Revenue unable to cover expenses is not real deficit but just a signal to raise taxes, cut expenses, or sell more weapons. Those are everyday activities. May the love and the peace of Jesus be with us.
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  18.  @ignatziusturret5641  If the interest were not mostly earned by the Americans, who earned it ? Perpetual debt ensures that there is enough liquidity in the system. Look at it as blood in your body. As you grow, you need more blood. It's that simple. May the love and the peace of Jesus be with us.
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  19.  @ignatziusturret5641  When ??? In your dreams ? And who is fighting with China ? Americans love the Chinese. USA has supported the Republic of China for many years, and will assist ROC to unify the mainland and make Dr. Sun Yet Sen's free, Democratic, and human right respecting ROC great again. It's that simple. May the love and the peace of Jesus be with us.
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  20. @ If you wish to know Jesus, you can read the Gospels. They are history books. It seems you are mixing up love with sex. You probably love your parents and your children; but you don't have sex with your parents or your children. May be you do, but that's besides the point. The point is you only think of sex when you talk of your partner. To you, a sex partner is a partner, whereas a business partner or a work partner is not a partner to you unless they have sex with you. See how uneducated you are ? So sad !!! May the love and the peace of Jesus be with us.
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  21.  @homeguardster  Religion ??? What religion ? Jesus and I do not belong to any religion. In Chinese culture we have Confucius and his 論語. It's not a religion although some people made it out to be : 儒教. Jesus is a historical man just like Confucius and I. Read the Gospel. They are short and they are available in many different languages. May the love and the peace of Jesus be with us.
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  22.  @homeguardster  Money is the topic here. This is what Jesus said about money : give to Caesar what belongs to Caesar, give to God what belongs to God. Get it ? May the love and the peace of Jesus be with us.
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  23. You are welcome. The pleasure is all mine. May the love and the peace of Jesus be with us.
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  24. @homeguardster  Of course. What doesn't exist just in your head ? For example, you have no evidence to prove the man you have called father all your life is your biological father, but it's in your head, and you never doubted it, until now. See ? May the love and the peace of Jesus be with us.
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  25. @homeguardster  Exactly. That only exists in your head. In reality, shits made plants grow, pigs eat the plants, you eat the pig, so you are a piece of shit. See ? It's that simple. May the love and the peace of Jesus be with us
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  26.  @ignatziusturret5641  Exactly. I didn't know much about Lao Tzu either before I studied Dao Da Jing. Now I understand where Jesus come from. Jesus is a Taoist. Lao Tzu is 500 years older than Jesus. In 500 years Taoism, Confucianism, and Buddhism have all spread to the middle east and studied by the scholars there. And of course Taoism makes the most sense to the Jewish tradition. Jesus was putting Taoism into practice and revised the old Jewish tradition. In today's world, nothing much has changed. Love and peace are still the primary wishes of all people on earth facing death, violence, and hopelessness /helplessness. May the love and the peace of Jesus be with us.
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  27.  @homeguardster  Exactly. That only exists in your head. May the love and the peace of Jesus be with us.
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  28. @ Congratulations !!! You don't like USA but USA loves you, and raised another 25% tariffs today to make it easier to decouple with CCP/PRC. May the love and the peace of Jesus be with us.
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  29.  @homeguardster  Exactly. That too only exists in your head. May the love and the peace of Jesus be with us.
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  30. Wonder no more. The more debt the more prosperous the US economy, and the more freedom, choices, and opportunities for the American people. That is why USA is the envy of the world. May the love and the peace of Jesus be with us.
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  31. The uneducated Chinese leaders and their dictatorship government of course. Over capacity leading to illegal dumping to countries with no USD to pay but monopoly money is not going to save a country from bankruptcy, revolution, and war. Americans have machines and need only a small number of labor jobs. That is why US Autos can pay autoworkers US$100 per hour, the equivalent of a month's wages in poor countries like China. May the love and the peace of Jesus be with us.
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  32. Exactly. And USA owns 90% of all the gold in the world. May the love and the peace of Jesus be with us.
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  33. Exactly. China is insolvent and broke, no money to buy shit. May the love and the peace of Jesus be with us.
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  34.  @superkd7030  What layoffs ? USA has more job than skilled labor. US autoworkers make US$100 per hour, equivalent to a month's wages in China. May the love and the peace of Jesus be with us.
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  35. You can't sell anything you don't own, you know ? You can only sell at a low price/high yield what you paid high price/low yield to buy before. That is exactly how Jewish Americans harvest Chinese thrives. Thank you. May the love and the peace of Jesus be with us.
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  36. How do you know if Communist China has any gold ? Have you seen them ? No. No one has seen them. It is just hearsay. They have sold US treasuries. That we know because we have the paper trail. But gold ? They could have bought them and shared them among their friends. No one would know. No one has seen them or counted them. See ? May the love and the peace of Jesus be with us.
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  37. @ Well, you give me some USD bonds and I give you some toilet paper aka RMB. Okay ? May the love and the peace of Jesus be with us.
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  38. Exactly. What's wrong with that ? More money means more prosperous, more choices, and more freedom. You have a problem with that ? LMFAO !!! May the love and the peace of Jesus be with us.
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  39.  @questworldmatrix  Exactly. I couldn't. May the love and the peace of Jesus be with us.
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  40.  @xblade11230  You can't use RMB to buy anything outside of China, but you can use USD to buy things in China. Official exchange rate RMB to USD is about 7:1. In the black market, lots of people are willing to pay 25:1, or even 30:1. May the love and the peace of Jesus be with us.
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  41. China is selling US treasury because it needs cash. It's that simple. Just like when I need cash I cash out my savings accounts. If people ask me when I will start saving again, my answer would be when I find a job. Chinese people have no order, no job, no income, no tax revenue, no hope, and no chance. On top of that when foreign investors want to cash out, you need to pay them USD for no one would take RMB which is monopoly money. May the love and the peace of Jesus be with us.
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  42. Exactly. China is broke and cannot buy anything. Yet, when foreign investors are leaving China, they demand to be paid back in USD and not monopoly money. To get these USD, China needs to cash in their savings. I do the same when I need cash. May the love and the peace of Jesus be with us.
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  43. Only for the filthy rich Russian gangsters. You are not one of them, are you ? By the way, crypto currency is like Picasso. Can only go up in value with zero risk. Much safer than Picasso actually. May the love and the peace of Jesus be with us.
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  44. Exactly. It's called Heaven. In China, people living there have no order, no job, no income, no tax revenue, no hope and no chance. They also have debts they cannot pay back in their life time. A lot of people there choose to lay flat, aka give up. We call that hell. May the love and the peace of Jesus be with us.
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  45. @ I am sorry my friend. Your are missing two very important element in debt financing. 1. in USA, the debt is in line with the growth of the economy; the more robust is the economy, the more debt is warranted. It is healthy, strong, and it is the envy of the world. 2. In China, there is wide spread corruption. Corruption tipped the scale. Wealth is not put back into the economy but laundered into overseas private accounts. The people in China is hung out to dry. That is the problem. That is why there is no internal circulation. So sad !!! Don't just criticize others. Know yourself and know your opponent wins 100 out 0f 100 battles according to Sun Tzu. In China, quanxi is everything. It's not what you know, its who you know. That is the cancer. May the love and the peace of Jesus be with us.
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  46. @ As long as you understand what I was trying to say, my mission is accomplished. Since you seemed to understand, do you agree ? If so, give a like. May the love and the peace of Jesus be with us.
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  47.  @brahmburgers  What an idiot !!!??? May the love and the peace of Jesus be with us.
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  48. @agusbrz78  Yeah, for you. But USA is a country of law and order. As long as things are done legally, corruption is allowed. In China, no. The CCP is above the law. Period. It's that simple. May the love and the peace of Jesus be with us.
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  49. Priorities are only priorities. No money, no funny. Period. China is broke. May the love and the peace of Jesus be with us.
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  50. Inflation ? What inflation ? Forty years ago I used to spend $100 on sushi and drinks with my wife each time. Now I spend $250 for the same sushi and drinks. Average after tax income has gone up 5 times. Thank you. May the love and the peace of Jesus be with us.
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  51. Exactly. The POTUS knows it well. USA needs nothing from China. China needs everything from USA and the rest of the world which only trust USD, not Rupee or RMB. May the love and the peace of Jesus be with us.
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  52. @ thank you. May the love and the peace of Jesus be with us.
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  53. @jontalbot1  Yes. Money has always been, and still is, promissory notes. Money itself is worth nothing. What the issuer can do with its money is what makes its money's worth. Therefore, USD is worth more than gold, and RMB is worth less than toilet paper. May the love and the peace of Jesus be with us.
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  54.  @jontalbot1  Exactly. You asked the question because you have no clue. And you still don't have a clue what money really is even though money has always been the same for thousands of years. Tell me, what do you believe money is ? May the love and the peace of Jesus be with us.
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  55. @ USD is not unreliable. USD is the most reliable currency in the world. The value of gold is represented by USD and not the other way round. Okay, my child ? I never say anything about God. So you are totally clueless calling me an idiot. Jesus is not God. Jesus is a man who lived and died 2,000 years ago. Jesus is alive today in spirit which is in his teachings recorded in history books we called Gospels. May the love and the peace of Jesus be with us.
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  56.  @jontalbot1  Exactly. You people are not Americans and that is why you people are clueless of why USD is the standard for gold and not the other way round. May the love and the peace of Jesus be with us.
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  57. @ Ha, you just did. What has Jesus got to do with USD and gold ? May the love and the peace of Jesus be with us.
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  58. @rohit_jataka  Inflation is a good thing, that's why. In Communist Mainland China, there is deflation. That's when the RMB becomes unreliable. May the love and the peace of Jesus be with us.
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  59. Deflation is a bad thing. Deflation results from overcapacity leading to dumping and downward spiral of consumer demands. USA, and the world, have many decades of continuous inflation marked by continuous prosperity and growth. That is an undeniable fact. May the love and the peace of Jesus be with us.
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  60.  @davidhouston4810  Deflation is a bad thing. Deflation results from overcapacity leading to dumping and downward spiral of consumer demands. USA, and the world, have many decades of continuous inflation marked by continuous prosperity and growth. That is an undeniable fact. These are manmade. God has nothing to do with it. May the love and the peace of Jesus be with us.
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  61. Hyperinflation ??? What hyperinflation ? Current inflation rate in USA is too low. Higher inflation is good for the US growing economy. When the economy is growing you need more currency just like when you are growing you need more blood. It's that simple. A dying economy cannot be brought back to life by having more currency just like a dying person cannot be brought back to life by having more blood. May the love and the peace of Jesus be with us.
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  62. @ Hyperinflation ??? What hyperinflation ? Current inflation rate in USA is too low. Higher inflation is good for the US growing economy. When the economy is growing you need more currency just like when you are growing you need more blood. It's that simple. A dying economy cannot be brought back to life by having more currency just like a dying person cannot be brought back to life by having more blood. May the love and the peace of Jesus be with us.
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  63.  @davidhouston4810  Don't worry. Jesus and I love you. May the love and the peace of Jesus be with us.
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  64. Exactly. It may be zero in three years. China is basically bankrupt. Insolvency means you need to cash out your assets for cash immediately. Internal demand for US treasury is growing and it has always been the bulk of the US debt. May the love and the peace of Jesus be with us.
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  65.  @randyallred2382  Exactly. China 1. Did not spend the USD. 2. Kept very little in reserve. 3. All USD reserves are in Treasury bonds and other securities to earn some return. The bulk of the USD earned are laundered into the private oversea accounts of the corrupted government officials. That is why China is insolvent. And there is no internal circulation in China at the same time foreign investments are withdrawn. When foreign investors are withdrawing, they need to be paid in USD. That is why China needed to cash out their USD reserve at a lost to meet their obligations. I do the same thing. When I need cash, I go to the bank and take cash out of my savings aka reserve. May the love and the peace of Jesus be with us.
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  66. No they can't wait for maturity because they need cash quickly and desperately. Foreign investor demand USD and will not take monopoly money when they exit China. May the love and the peace of Jesus be with us.
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  67. @ I told you so already : No they can't wait for maturity because they need cash quickly and desperately. Foreign investor demand USD and will not take monopoly money when they exit China. Besides, you can't sell debts that has already matured. See ? May the love and the peace of Jesus be with us.
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  68.  @billshun3963  If logic has a source, it must be God. Do you believe in God ? May the love and the peace of Jesus be with us.
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  69. @ Praying is only wishful thinking. But if you truly believed in God, you believed in logic. May the love and the peace of Jesus be with us.
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  70. Sure. Suckers, aren't they. That's ancient history. Today, China has no gold, no silver, no order, no job, no income, no tax revenue, no hope, no chance, and no USD but to cash out their US treasury at a low price/high yield what they paid a high price/low yield to acquire before. Suck again. May the love and the peace of Jesus be with us.
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