A trade war today would be much more damaging for the U.S. than the trade war of the 1930s, as exports today account for a greater proportion of U.S. gross domestic product than they did on the eve of Smoot-Hawley. At the global trading level history teaches us another thing: The more countries trade with each other, the less likely they are to end up at war, economic collapse and major stock market crash . So assuming global trade war breaks out, what is the worst case scenario?
FAIR USE NOTICE: This video contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law https://copyright.gov/
Music: CO.AG Music https://www.youtube.com/channel/UCcavSftXHgxLBWwLDm_bNvA
DEFINITION of Economic Collapse :
A complete breakdown of a national, regional or territorial economy. An economic collapse is essentially a severe version of an economic depression, where an economy is in complete distress for months, years or possibly even decades.
A total economic collapse is characterized by economic depression, civil unrest and highly increased poverty levels. Hyperinflation, stagflation and financial-market crashes can all be causes. Government intervention is usually necessary to bring an economy back from collapse, but can often be slow to remedy the problem.
The Great Depression in the United States is a prime example of an economic collapse. The 1929 stock market crash brought on a collapse that lasted for many years and saw high levels of poverty. Well-known economist John Maynard Keynes claimed this was from the total lack of government involvement in the economy or the financial markets.
Let's hope the 4-8X overpriced (small caps most overpriced with a PE greater than 100 for the Russell 2000), even bigger, fatter, uglier, stock market bubble fall to fair value for this masked economic depression. Trump sold out to the Zionists in aligning with the fed and cost many half their wealth. Going long this manipulated up, overpriced market is not investing. Those whom are investing are the rightful short sellers as they are far on the correct side of fair value. The bubble asset makers are ignorant of valuations and of the actual economic conditions and moreover hate humanity and want the economy to worsen by their actions. We do not get market crashes without markets made to be bubbles. The bubble makers are terrible people.
We'd be doing a lot better if the CEOs would cut their salaries by 99% and the rest of the wealthy unload their rental properties to bring down the cost of living. The dupes don't think things through well enough. Once they hear a talking head state a narrative, they wrap themselves around it and can't let go.
what is with this gloom and doom shit....I lived in china and I did not see one Harley Davidson in the city of Beijing, I did not see OJ in locals shopping cart, the drink of choice for the wealthy Chinese is baijiu. I did see BMW, Mercedes, and all those companies have factories in china already. the companies that went overseas and shit their goods back for cheap well they will be affected. the german steel company that threatened war if American's open up a steel mill factory would be affected. all those beloved Nazi and kkk participants look up to Germany but that is the same country denying them work in their own country. America has lost a lot already we either put our dukes up or we keep getting s@#$% on. it's now or ever.
Yes you heard me right Russia and China are not the enemy Japan Mexico Canada Belgium France Germany these are my enemies know your enemy well and let's get together and Destroy them what are even Neville Chamberlain and bury our heads in the sand and ignore what's going on around us are we at now cannot use nuclear weapons we can only use bullets and bombs but all of her enemies should be destroyed we are the superior and we must show the rest of the world that has done what they could to destroy us how much might we still have Remember by only American try and buy Union made to support economic stability and the Social Security System it depends so much on Union good paying jobs and if you want Social Security one day then you must heed my warning stop buying especially Japan we would not be in this fix on all prices if we had only been better to Russia and Vladimir Putin what we've done to make him into an enemy and Russia was very stupid and Hillary Clinton's the blame for this
A trade will be a great thing for the American economy as we've been abused raped and neglected by our own Industries who are being paid off by Foreign corporations look at Sony owning all of TV music movies Hollywood Studios too many factories production they own it all now it's all production please please do not buy use or do anything that comes from a country or a Zone from a foreign country other than America the only chance we have to save our way of life our Christianity and our economics is to go to economic war with everyone Canada and Japan must be the first to be destroyed but we must continue on everything foreign must be destroyed America must rule along with our partners Russia and China
People we have lost the trade war and our security. With a $800 billion annual trade deficit, we lost. Had this been addressed 40 years ago, we would still be a strong manufacturing economy, but our leaders sold out.
China must be regreting for opening up to the United snake economy they should close their door again for another 30 year living peacefully with their own market and let the United snake democrazy control themselves
Oh, by the way, check out Wal-Mart and see where most of their non-food items are made. Yep, China. I was looking the other day and saw the American made Lodge Cookware Cast Iron pot being sold for $35.00. The same size China made cast iron pot was $18.00. If you are a consumer and you look, you will see that the Lodge is much better quality cast iron. I has a finer grain and is and much better finished. I wonder if the normal customer will notice or care?
Whatever we need to do, we need to bring back basic heavy industry back to the U.S. This just makes sense from a security standpoint. Steel manufacturing is one of the most important. Keep in mind too, that China and other countries massively subsidize their industries until they eliminate foreign competition. Such business practices within this country would violate anti trust laws and is an indirect tariff on U.S. goods.
Reality is the US is taking advantage of these countries because of their cheap labour and lack of employee rights. Ask Ivanka? If the USA choose this path of economic war NOW because it is no longer a competitive nation after having moved most of its major manufacturing overseas. The end result is obvious as the US only stands to lose because of the way it has chosen to do business for many decades. You have chosen profit not sustainablity for the benifit of companies and it’s shareholders and never considered the workers or the nation until Trump was told to say this by one of his many advisors. My guess would be Bannon as this was part of what he seemed to promote.
I can’t believe that not all Americans have awoken to the deception of Trumpism.
I'll be damned another Slime Limey, trying to tell the US, what we are doing is wrong with our economy. You ought to be looking in your own backyard, and do something about those Molechian's taking over your country.
Less a Country Produce,More it Will Be Impoverished!Global Common sence Law!Africa,India middle east must have only 1 child per family!Only more if families can Prove to gov they are rich!To Prevent Ovrr population and Billions of Starving World wide!eg;like China did 45 years Ago!Result;Cumulative parents Wealth Transferred to 1Child+Heavy Productivity+No Labour Unions+Innovative deals eg in africa:we buildt you a stadium/road/whatever!- And you give us a Mine!+Law /Order+Currupt Officials Send to Jail!=Master Plan!West +All countries Must do Same Immediately To Prevent Bancrupt Governments Worldwide!Asian Tigers Only Big winners Next 50 Years!Produce Low Cost Electrical Cars!+Solar /Wind Towers+Prepping!off grid!Start business!Love all,Hate evil!Study Holy Bible/Tor-h.Practice it!Unite usa+russia+china Now!Prevent World War!Wisdom,love,harmony -Shalom!Fight evil !Sjalom!Prey Hard for Your Country-Obama Bancrupted ot Already!Now Prey for Pres Trump to save what Can be saved!Become Humble!Shalom
the market will correct, little of it has to do with anything you're talking about, 80% of your points were derived from unverifiable internet blogs who have no correlation to anything. The market is going to correct, that's because the Shiller PE ratio is approaching 35 when for most of history has hovered around 16-25, could go a little higher, the dot comes bust the Shiller ratio was at 43. Everything is bought up too fast and is going to correct to true value.
What do we have to lose; if we don't produce anything because of the previous administrations that sold us out to foreigners, USA will die a worse death. The interest of globalism is for the interest of globalist, not America.
The man narrating this video is clearly English. As if England doesn't have enough problems w globalization. They're trying to get out of the EU desperately. The so called refugees are raping their woman and children. So this idiot narrating this video can't be for globalization. Nationalism is going to be any country's hope to prevent the new world order from genociding any nation. They are using the liberal left to push their agenda.
with tariff: we can have something called " the middle class"
without tariff : china and india has a "middle class"
only mentally blind can't see , "the chinese middle class tourists everywhere today" and chinese military threat now, a country which was once full of poor hungry peasants.
well done TRUMP... sack the entire congress
china has been in a trade war with the usa for thirty years and has been winning for thirty years and it has cost them almost nothing for thirty years and will continue to benefit them until we put our foot down.
My first objective is mainly to block china, rest others doesn't matter except some un friendlly countries towards this great nation who relied early on the technological aspect and now acting threat to its own very existence.
Assumtion is FUBAR this information resemblance to Rothschild's plans from WW1 . The Banksters agenda is on going and gross . The global concern should be to fix fukishami radiation will destroy everything
Ok...so after listening to this podcast what should the US do? A trade war is inevitable if the US wants to get on an equal playing field; however, this podcast makes it appear that this is a bad thing.
Hi dlucas, I believe this is part of America's defence plan as well as Australia's with related costs shared. See: http://www.abc.net.au/news/2017-01-24/us-military-aircraft-marines-darwin-stars-and-stripes-australia/8206768
We are trade raped... I watched our jobs disappear as imports increased from childhood on .... A trade war may be hard at first but would be good in the long term.... unless the globalist run FED does whatever it can to destroy what Trump is trying to do...
Funny how foreign nations blame Trump. A vast amount of Americans are ready for this. I wish he'd bring back our troops secure all borders and let the rest of the world solve their own issues. We are a self sustainable nation. It's time we acted like it.
Trade war my ass. They have been making war on us for decades. Nations are built of blood and iron. Bismarck. AND VICE VERSA. When the USA began, the British dumped their products on our market at less than the cost of production to keep us from getting on our feet. I don't suppose our subverted public school system lets that get out. Today the approach is more veiled but the effect is the same. It is against our law to trade with slave states. Our free people cannot compete with an economy built on slavery. We are trying to make a decent living here.
Why buy Chinese made underwear that barley last a month, in some cases one week. When you can buy made in the USA BIGGIES underwear that are made to last for years. I'm wearing a pair of original BIGGIES underwear prototypes right now that are 5 years old, no holes, no rips, no tears. Yes BIGGIES cost more than Chinese made underwear. But you save more in the long run and you support your own and help create jobs for U.S. citizens! BIGGIES Underwear Made In The USA => https://www.amazon.com/Clothing-Shoes-Jewelry-Biggies-Boxers-underwear/s?ie=UTF8&field-brandtextbin=Biggies%20Boxers%20underwear&page=1&rh=n%3A7141123011
People would rather buy five new shirts than have one shirt that lasts for five years. That's a problem. People get a rush out of buying. People are not allowed to brag about quality any more as it's not politically correct to claim that one product is better quality than another. When I used to visit the US regularly around ten years ago, people were bragging about how cheap a product was, not about how good a quallty it was. Anyone who tried criticising a Chinese product's poor quality was laughed at and told that they could buy another one if it broke. Will that attitude change?
That's right No one Wins but everyone loses during a trade war. As it is Foreign Companies continue to excel while American Companies continue to decline. The foreign job resource's continue to excel while America's continues to decline. It is that even with American Companies providing price competitive products they are still knocked out of the markets because of the foreign tariffs thus strengthening Foreign Corporates, their people and Governments and America's declines. The reason this idea is advertised so negative is because profits of America's Big Corporations that sell foreign products will decline. Company products that depend on foreign production to produce their claimed made in the USA products will decline. To the Corporate World, Big Investors and Wall Street its all about the Money. To the American People its about Jobs and its a long time coming. The longer it is put off the worse its going to effect the American People. American People need to Produce American, Buy American to support American's.
F dRump. He is the dumbest traitor Putin loving POS to ever live in the White House. His wife might be dumber putting up with his lies.I can’t wait til he leaves one way or another. If you disagree with this, than you are either a white supremicist, rich or dumber than sh.....t.
But he probably knew that this is one of the ways Donald Trump is going to get paid for the things he owns in America he's going to be able to Jack his prices up 15% and still look like he is saving 10% for the American public when in fact he's just galjin to get richer
His fortune has reduced since he got into politics. He spent $50 million on his campaign out of pocket so he did not have to grovel for vested interests. He can't take it with him. He is buying a country for his kids and yours too. Thank God for Trump. How about your congressman. Is he richer or poorer? Can he explain how he got it?
US made goods will still cost far more than Chinese goods despite the tariffs. Will Americans buy expensive products like they did in the old days? Perhaps they will still buy products made in China as they will still be cheaper.
The Dell servers we use in the company I work for are all made in China. They are still holding up pretty well. They cost as must as $5000 to $15,000 a piece. A trade war will suck, the price of computer equipment could skyrocket.
Keep trying but the USA does not have DEBT 360% of our GDP!. so who do you think will collapse first from this central bank DEBT SCAM?....can not wait for the real WAR!...end COMMUNISM FOR GOOD!. once we deal with your dog N Korea.
hahahahaha stop snoring american white pig, the americans are famous for eating pig food. half of ur food? hahahahaha at least we know how to cook. werid ass pigs who drink milks of other animals which is supposed to feed the babies. is that why u smells like those animals as well?
Billy Jackson you are losing not all Americans are losing, Wall Street is winning, stock market is winning American workers who have 401k retirement accounts are winning US consumers are winning for low cost products. Only uneducated red necks voted for trump are the losers.