Is an Economic Collapse Inevitable? Who Will Come Out on Top: China, Russia or the U.S?

Is an Economic Collapse Inevitable? Who Will Come Out on Top: China, Russia or the U.S?

cory booker once said america has seen enough of the handful of people growing rich at the cost of our nations descending into an economic crisis keep this in mind as we discuss today the upcoming economic depression in the united states and what does it mean to you my name is dr david walalu and my name is dr ross stewart and you are watching geopolitics in conflict [Music] we want to thank our viewers first of all for subscribing and watching well indeed ross and also we want to thank our patreon members and for you if you like our videos and want to support us consider joining our membership our patreon membership thank you for all your support you know here in the united states there’s this great conversation going on about the possibility of a major depression sometime in the next decade and part of that is not be that’s not being discussed is the demographics of this because there is solid information demographically which we’ll get into that says this is a real possibility what do you think well it’s correct for us and and for you what you need to know is that the the the economic depression uh russ is talking about here it’s caused by our failed policies and when i say our failed policies that’s in a reference to the monetary policies because as you may know the government has been printing so much money recently i mean we’re talking brilliant we’re talking about you know ross in the last two years we’re talking about four up to four to five trillion dollars in just last two years so that money will have to be paid back somehow one way or another so why are we punishing the next generation for that and what it’s going to do to the economy and an average joe or average jain does not understand because the government doesn’t disclose the details of where this is going and we’re gonna detail all this as we move forward but you are right ross about how much demographics play a role into all this and doesn’t get much coverage by the way interesting not anywhere near enough in terms of helping people understand what’s going on and what’s coming you’re absolutely correct so so just to understand all this and for you to have a better understanding of what’s in it for you what does it mean to you and how that will impact you uh we first gonna talk about what are the signs of great depression okay then we’re gonna move into talking about uh why the united states might come out out of it in a good there there might be an optimistic ending of this exactly it’s uh it’s not all that bad it’s not all not for us it’s not no no not for the united states but it might be for other countries oh we might name some of them and what’s going on and we’re going to talk about let’s talk about massive unemployment that’s correct when you have a massive unemployment that’s your sign of economic depression you go back in historically speaking back to the great depression unemployment was about what 25 percent it was remarkably high yeah and and the problem with this modern uh economic crisis it would be that because of the inflation you know which means massive unemployment means what less money in people’s pockets less money translates to less purchasing so and the product or the commodities whatever they’re going to buy is going to end up being so expensive and that’s when you’re going to see when you start seeing massive unemployment that includes that even firefighters police that they couldn’t the government couldn’t pay them government services would cut exactly i lived in new york city when they cut the fire department and the police department wow oh it was it was a horror they just simply didn’t have the money for it yeah so the massive unemployment is one of the signs for an economic depression or great depression and we’re not even talking about underemployment we’re talking only the surface of straight unemployment that’s correct that is correct well the next big one is the evaluation of the currency oh that’s a big one and you can just tell now from how much money the government’s been printing the feds the federal reserve has just been printing money i mean money doesn’t grow in the trees as we say but at the same time that money has to be paid back somehow so i i we argued once in one of our videos when we said this too much printing is gonna cause the currency to lose its value and we get pushback for that oh no you guys don’t know what you’re talking about it is a true it is a fact that when you print so much money when you have so much money circulating on a market you know it’s going to lose its value it’s going almost going to become like what venezuela experienced you talk about a tragedy yeah because currency what was what did the currency lost 99 percent of its value you are right some outrageous number and the people went into absolute panic and despair with good reason yeah well because you start having this money that is worthless you can’t buy anything with it so that that’s another but that’s another sign for the great depression when it occurs well anyone who doesn’t believe it needs to go to the grocery store on a budget i know you look at the inflation and the the prices you’re seeing it already exactly and yet yeah for us what the government doesn’t want you to know is that this saying no no no no this inflation is just transitory it is not it is not because the prices are going up you know you look at now you buy basics i don’t know i give an example of a card of milk whatever yeah you know used to be about 2.78 whatever no it’s over three plus i was talking to a company representative who who wholesales food into into supermarkets and he told me that prices are up eight percent this year so far in from his company he said we have no choice about it and they don’t and can you imagine when those prices keep going up and the value of the currency goes down at the unemployment and what does it mean when people live paycheck to paycheck and now their paycheck doesn’t cover their basic expense yeah you saw panic and despair in venezuela you wait well we could be dealing with the same outcome here i hope not so yeah what about food scarcity well that’s going to fall under the category of inflation when you start have an inflation yes there are these arguments right now in the united states that we do have and perishable uh commodities those will be all over uh the shelves and yes it will be but at some point there will be none so people will have nothing to purchase you know and all this will be impacted one way or another by inflation how much the commodities prices gonna be up so we all experienced this one i remember when we had the blackout in state of texas you remember oh yeah oh yeah you go to the shelves and there’s nothing there and this is a just a blackout depression economic depression that is a another another category altogether oh absolutely and what do you do when people don’t have the money to buy it exactly and it’s not available anyway exactly electrical shortages we happen to experience some of that here just this winter and we saw that one now now for that one ross that becomes the issue of the us grid system now we all know how that grid is really really old that’s one and the infrastructure for that is really outdated so the u.s the united states has never put enough funding into upgrading all the the uh power grids infrastructure we talked about this one once and and in a in a serious economic depression you’re gonna see that playing out because with the blackout how it’s going to happen probably it will be sabotage if you will oh there’s that too yeah or you will see the migration of the electrical workers to other areas where there is work including countries maybe why not because it becomes you know you will be more familiar than anyone uh with the human survival oh boy that becomes the well having been a migratory worker myself i understand so you go where the money is you just and you were required to exactly you got a family to support and if it leaves the electrical companies short yeah and there’s always poor decisions that come with when in times of crisis exactly i mean how many people we did we see freeze to death here in texas this winter yeah well it was that death of that child a 10 year old i believe he died from cold because it was too cold so and that was just here in the winter in a short period can you imagine when you have a blackout that lasts for quite a while and americans are so used to having electrical power on demand they’re also used to having they’re also used to having drinkable water yeah except except one place which will go unnamed yeah exactly yeah yeah and and that becomes the question of those people who depends on on whales outside the city now this will become the the convenience versus the uh non-convenient uh of living in a city yeah because that’s where it’s gonna play out most likely people who live outside in the outskirts and farmlands or whatever you wanna call it they have their own wealth they depend on their own they don’t that is definitely the minority of people in the united states very minority that falls within the category of food shortages because here’s the thing if you compare this modern economic depression to the one that took place in the 1930s what was the big difference between the two the big difference was people back then they knew how to grow food they primarily weren’t is a primarily an agrarian economy exactly people knew how to do it yeah nowadays not everybody knows that not everybody knows that well i think it’s much worse than that i know well there’s also the advent of violence which we’re seeing we’re seeing an epidemic of that in the united states right now yeah yeah that one at least from what i read a little bit and i am no sociologist here at least what sociologists agree upon is that this does not fall within the pattern historically speaking so because where the most concern will be is about you know whether people have money to buy you know but nonetheless i couldn’t agree with you more for the idea that yes we might see a rise to violence because it’s going to become now a survival mode if you’ve got a family and you can’t feed them and you can steal to make it happen what are you going to do unfortunately yes so where’s the moral where’s the moral rightness here when it when the economy broke and you had nothing to do with it and can do nothing about it except try to survive it exactly that’s what it would be so that’s that’s so for the violence i won’t see it more on on this level but you see it more uh hypothetically if people’s rights and freedoms become a little bit you know oppressed that’s where you will see it because most of the time we always talk about violence associated with lack of freedom right right right for the economic depressions it might be a little bit different so it’s hard to tell at this point uh which direction this might go well just taking one sentence aside yeah what we saw when with the great leap forward in china and the economic chaos and and depression all of these factors played into it and ended with tiananmen square exactly thousands of peop actually tens of millions of people rioted and were all these shortages there yes and suppression of rights as well all right yeah exactly but then we have looting and riots in which we can we can pretty well predict that if you’re broke and you’re hungry what are you going to do yeah oh well we’ve already witnessed that on some other issues like when there are demonstrations i i remember one time in baltimore if i’m not mistaken it was the death of of an african-american and there were demonstrations where people had the right to demonstrate peacefully but all of a sudden you start breaking windows and all that the moment that happens your right to free the demonstrations is gone because now you’re destroying others properties and so i can just see that go in that direction right so here we go with demographics now because now we’re going to dig into the heart of what’s really going on exactly and that is very very important for you to understand why the economic depression might not be it might shock the system but the united states might come out of it in a good shape well dare we compare this to what’s going on in other countries demographically exactly and we’re going to have a link at the bottom of the description with some graphs that shows uh where other countries are regarding the demographics well what are we talking about demographics here well basically what we’re talking about here ross is the you know the baby boomers generation uh [Laughter] and so forth why is that important because just to tie it to what we’re talking about here you think about certain countries in the world and i’m gonna name few good canada declining birth rate china tragic declining birth rate japan let me just say one thing about sure right now they’re claiming 1.4 billion some others are saying 1.3 billion and they’re saying by the turn of the century which is of course far off 600 million wow yeah now could it be but you take a look at uh when they did the one child policy yeah and what they did is it shrunk indeed and so they’re not young people alive to continue to support the economy that has all of this infrastructure and 50 of its people over age 60. yeah and that’s the challenge for china so you got canada china germany japan oh japan is also tragic yeah those are uh germany italy to a degree france to my knowledge those countries what’s the problem with that is that they have an elderly population and why is that important because you take the example of canada because i read something about it canada within 25 years 15 or 20 either or is going to be dealing with a major issue regarding the retirement why because they don’t they won’t have enough money to provide for the retirement so this is why canada is opening immigration right now so and also germany has to that issue of elderly so china of course with the one child policy back then now there is an elderly generation that’s coming out they’re going to have to be replaced in the united states and mexico believe it or not these two countries don’t have that issue we don’t but we need to understand you need to understand how this will impact you so let’s say by 20 30 35 36 or so most likely baby boomers will actually be gone they don’t yeah well we’re all gonna die one yeah one day right that’s right but the baby boomers right now is the one holding the top jobs right you know top pay and so forth and they’re not retiring early leaving the next generation right below them in a state of they’re not being promoted as they might be otherwise exactly and it’s demoralizing to them exactly because i talked to any number of them they’re real unhappy about it yeah and what comes with that also us is that the the social security payments medicare payments all this comes from the government programs right once that generation is gone the government doesn’t have to pay that money yeah medicare declines dramatically social security declines dramatically yeah it becomes the question of whether the government will be wise enough to invest that money in right way or waste it like always [Laughter] that’s why my concern yeah that’s what’s in it for you because this is where i i feel uh with with the baby boomers gone the next generation because they won’t be old enough for retirement anyway so and they’re going to just be moving the ladder and this is where i see that difference between other countries and the united states in an economic depression because we’ve got the youth the europe well you know there’s a couple of possible upsides here one is that a major economic upturn a downturn maybe a depression might force people to re-evaluate the government and the role of the government and how broken the current system really is and force change that’s correct well because here’s the thing at least some understanding of this one here will be one key take away from it and you know what the one take away from it is and for you to know is that a modern economic depression might be a good thing to align the broken system yes you know sometimes you’re gonna need to have something shocking to realign the system back on track and you and i and i’m sure you do as well know that our system is out of whack it has been for a while look at just the monetary policies right now the federal reserve is is is is irrational unreasonable yeah unthinking yeah and all the uh you think in terms of uh defense spending you know uh the the money that’s spent on on on matters they have no benefits to you exactly and this is where the concern is so it becomes the question is in a depression after the baby boomers are gone whether the government will embark on the right policies by using taxpayers money your money in the right programs we’re not talking about a handout here that’s not what we’re talking about it’s just for the government i mean you look at it even basic infrastructure right it’s not even done right so this what we’re seeing is most likely a very jagged line between now and when the resolution of this economic depression would be over and there’s possibility of there might be some real system change for the better and what we know is because there’s a swelling of young people the united states is in a much better place to come out of this than practically every place else we see and if i’m in other words faster and faster it’s going to come out faster than other countries you know and this is why at least for the birth rate in in the us is far better than other countries whether you want to contribute that to immigration whatever that’s beside the point but when compare this to other countries under that scenario of great depression other countries will have a hard time and it will take them longer to come out of it than the united states so there is a good news shall we say for the businesses here in the u.s for the the the generations coming up that that depression yes is going to create some impact on society as a whole but you’re still going to come out of it would you say that that’s really the takeaway for our viewers it is it is indeed but there is one more one more that if you happen to live off the grid you’ll be fine have a homestead yeah you’re right we’d like to thank you for watching and we’d like to encourage you to if you’re not subscribed to subscribe it makes a great difference to us in terms of the algorithm with with the youtube and getting our message out to a whole lot more people indeed russ and as always stay informed till next time bye
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Is an Economic Collapse Inevitable? Who Will Come Out on Top: China, Russia or the U.S?

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