Comments by "Sciagurrato" (@sciagurrato1831) on "Geopolitical Economy Report" channel.

  1. An essential video for the concerned citizen — it may require some study of basic economics if you’re lacking that — but Yanis, building on the exposure by the brilliant Michael Hudson on the rapacious financialized capitalism of the US, is clear and concise.
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  2. The interactions between the three of you — with your individual and unique backgrounds — are a premonition of the productive relationships of the coming multipolar world. Many thanks for this articulate, profound and even, at moments, thrilling discussion.
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  3. I’m afraid Ann is the weak link here with her entreaties to “change the institutions” — for all her experience remediating difficult situations, she hardly provides any concrete ideas. Her ideas on China are embarrassingly outdated, and Radhika was effective in gently countering Ann’s claims of mercantilism. Is Ann unaware of the rise in China’s middle class? Her wild eyed claims about China in Africa duplicating the imperialism of the west is disturbing. She apparently doesn’t understand how the western banking system works which is lamentable (she needs to study Dr Werner). Hope there will be another episode soon with some new points of view.
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  4. In the longer term, it is reasonable to foresee the relative economic decline of the west as its economic “metabolism” has been weakening for several decades. As Zoltan says, “you can print money, but not the oil to heat, and the wheat to eat”. Europe will probably accept its fate, but the US will not and will strike out with its final option: military action. Oddly enough, I think a lesson will be learned by the Yanks.
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  5. As well as usury interest rates that are widespread throughout the US financial system. So when interest rates rise, so does GDP!
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  6.  @chanfranc isn’t there a pride parade you should be attending?
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  7. India’s economy seems paradoxical — and this ex excellent video goes a long way to explaining it. The anchoring of much of the economy on credit (Western model) does explain why there are no Indian goods to be found anywhere (either consumer or industrial). Also, rising inequality, also western style.
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  8. “O land of arrogance, you will stumble and fall, and no one will raise you up”.
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  9. Extremely important point. What does good healthcare cost in the US? From the data (life expectancy, obesity, disease such as diabetes) Americans can’t afford good health.
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  10. Krugman was a completely superficial and narcissistic prof of mine — even in the economics department he was a standout eselgesicht.
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  11. And in that order.
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  12. They’re quite clumsy so there’s be costs to replace the broken dishes.
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  13. I’m not sure I’d use the term “élite” so freely as it implies some degree of meritorious basis to its standing. I’d prefer the term “establishment”. That said, this is invaluable information very well presented — detail can be seen by going to your linked website. Thanks!
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  14.  @hollowgonzalo4329  not to mention that Russia produces “things” that the world actually needs like energy, uranium, mineral ores instead of $50,000 women’s handbags (France) and souvenir Royal Family slow cookers.
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  15. Was he involved in the sabotage of Nordstream II?
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  16. If you do per capita calculations of consumption (from gasoline to drugs to SUVs) you will solve the riddle of American obesity, declining expected lifespans, and increasing mental illness.
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  17. “With China and Russia on your side, who can be against you?”
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  18. A serious and mature discussion driven by two individuals who feel deeply that we are all part of humanity. In short, this is a position that is diametrically opposed to the theory of being “chosen”. Radhika and Ben have a luminous aura.
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  19. Glad to hear Prof Desai talk about how differently the RMB will be “internationalized”. Under the US/UK paradigm, stability of currencies is at the mercy of speculators (eg sterling and Soros) and this of course China knows and will not permit. V Prashad has argued thst China must agree to allow the RMB to be traded by western banks — a specious argument.
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  20. Zoltan Pozsar: “you can print money, but you can’t print the oil to heat, or the meat to eat”.
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  21. The best single descriptor of the Western finance capitalist system (regardless of whether it is developed or developing countries) is: “asset stripping jackals” (L Nation).
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  22. Don’t think you’re up to speed on Chinese intellectual thinking which has developed for several millennia. You seem unlikely to seek more information but rely on oversimplification such as your use of the term “oligarchy”. The western oligarchy is strictly finance based. You are probably equally unaware that the CPC is acting to prevent the development of this kind of oligarchy. I find your observations, indeed, to be “vague platitudes”.
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  23. Yup, it all sounds like blather when your cognitive uptake is limited.
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  24.  @chanfranc  I protest your baselsss fripperies — let’s talk about that. Which nation first claimed uninhabited islands there and started the move to aggression? Use facts, not your fartz
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  25.  @hussar6347  please. Schwab is as German as Golda Meir.
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  26. That’s easy: western political and economic interests are concentrated in a small group of people.
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  27. You mean to say “finance capitalism”.
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  28. The US empire is relatively young — barely over a century old, dating from the 1913 formation of the Fed. If you read the names of those who founded and promoted the Fed, you will find that it is their descendants who run the US (and they’re not American except in a narrow definition).
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  29.  @70newlife  unfortunately your musings contradict the statements of many other observers closer to the ground..unless you’re IMF?
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  30. This has been known since the 30s when people realized Tolstoy never won the prize for Literature whereas many bumpkins like Bob Dylan (né Zimmermann) did. Jean-Paul Sartre slapped the Fachakademie in the face by declining the prize.
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  31.  @siamcharm7904 mostly untrue. You’ve never lived in the states or the west. A Chinese does not need to buy a Tesla. An American household could not easily survive without Chinese products.
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  32. He brilliantly and consistently predicts his bm’s.
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  33.  @sovra6734 not really. His forbears are not anglos.
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  34. Treat him like Qaddafi.
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  35. There are many, many ways for an arrogant club like NATO to fail. Certainly the most spectacular (and most video worthy) would be a direct military confrontation between NATO/US and China. The result might surprise. The great intellectual Nassim Taleb has said that if there had been earlier, smaller financial collapses before 2008 it would have prevented the complete collapses of Lehman, Bear Stearns, Merrill Lynch etc and the reign of terror which followed (and has not ended). So some kind of near term military confrontation between NATO/US and China — terrifying as it may sound — could prove healthier in the long run.
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  36.  @turtlesoup8134 but K was never much an innovative culture to begin with — I believe they were merely a conduit of Chinese culture to Japan.
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  37. Propaganda story from hoowish press
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  38. Yup, the banana division.
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  39. Ben, a very useful report on leadership in certain Latin American countries. My Latin American contacts, former classmates, are of the opposite opinion as they’re mostly from the landed gentry in these countries.
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  40. German automakers have to reach out to China to save themselves. They had a decade to develop EVs and they did squat as they relied on Asian battery technology. So if BMW and Mercedes crash (unlikely), that’s not a loss unless you’re an oligarch.
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  41.  @cart172  To a certain kind of person, the hope that there is resistance to the destruction of the species, and the possibility of mankind's survival, is inspiring.
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  42. A leopard doesn’t change its spots. The west is nurtured on the teaching of the Talmxx. China is nurtured on the tripartite teachings of the Buddha, Taoism and Confucianism.
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  43. Bareback needs a 360 degree turn.
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  44. Ann doesn’t see the larger context that Michael and Radhika do. While Ann blames third world debt crises on the combination of Wall Street and governments, she blindly fails to see the same conjugate in the Ukrainian situation. Her failure to understand, combined with her piercing vocalization, make her contribution interesting but not adding much understanding to the deeper problem of western asset stripping capitalism across developed countries (eg US) but also countries like Ukraine.
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  45.  @SamarGancha so why hasn’t India done it?
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  46. The peroration of Dr Desai that begins around 46:00 is extremely powerful.
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  47. An extremely important point — thank you for clarifying this reality. Dr Desai makes the point (15:30) that using USD valuation effectively devalues the production and labor of the rest of the world.
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  48. America follows the h, not the Greeks.
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  49. Glad to see the US on track to manufacturing, even if it is caca de diavolo.
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  50.  @PhuaTeckHoe meaningless statement. Did you listen to Ben explain how China’s per capita gdp in 1980 was equal to Haiti and Honduras…some of the poorest countries in the world. So the economic development since then has taken place over 40 years.
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