Biden's Plan to Stop China Just Backfired on the US Economy

Joe Biden has been obsessed with stoping China. But guess what? Those plans have now backfired and sent the US stock market into a panic. Today we look at a new report from the New York Federal Reserve which now admits the plan to stop China's rise has failed and the biggest losers are US tech companies. Just look at what happened to Intel and this is a preview of a future without trade with China.

🔹 Many thanks to American Aires for sponsoring today's video!
🔹 Tickers: CSE: WIFI | OTCQB: AAIRF

✅ Join this channel to get access to perks:

💥 Best Way to Invest in Gold - Lear Capital 💥
👉 Call them today at 800-489-6450
⭐️ Earn $250 Credit Just by mentioning my name CYRUS!
⭐️ Get your FREE Gold and Silver investor guides from Lear Capital
⭐️Receive up to $15,000 in FREE bonus metals with a qualified purchase
--------------------------
If you'd like to support the channel / 如果你想支持我的频道:
₿ Bitcoin: 32go3tLiu88jibJhWgK3RstmXsW2FFELJ8
--------------------------
✅ 抖音：@温哥华老外
--------------------------
📸 Products I use to Produce my Vlogs:

#china #stockmarket #useconomy

Disclosure/Disclaimer:
We are not securities dealers or brokers, investment advisers or financial advisers, and you should not rely on the information herein as investment advice. We are a marketing company and are paid advertisers. If you are seeking personal investment advice, please contact a qualified and registered broker, investment adviser or financial adviser. You should not make any investment decisions based on our communications. Our stock profiles are intended to highlight certain companies for your further investigation; they are not stock recommendations or constitute an offer or sale of the referenced securities. The securities issued by the companies we profile should be considered high risk; if you do invest despite these warnings, you may lose your entire investment. Please do your own research before investing, including reading the companies’ SEDAR and SEC filings, press releases, and risk disclosures. It is our policy that information contained in this profile was provided by the company, extracted from SEDAR and SEC filings, company websites, and other publicly available sources. We believe the sources and information are accurate and reliable but we cannot guarantee it.

[jenniferslatten]

I shed no tears for the US. We did this to ourselves

[Shenzhou.]

The West's obsession with China's economic downfall has been ongoing for over *30 years.*
_1990. The Economist. China's economy has come to a halt_
_1996. The Economist. China's economy will face a hard landing_
_1998. The Economist: China's economy entering a dangerous period of sluggish growth_
_1999. Bank of Canada: Likelihood of a hard landing for the Chinese economy_
_2000. Chicago Tribune: China currency move nails hard landing risk coffin_
_2001. Wilbanks, Smith & Thomas: A hard landing in China_
_2002. Westchester University: China Anxiously Seeks a Soft Economic Landing_
_2003. New York Times: Banking crisis imperils China_
_2004. The Economist: The great fall of China?_
_2005. Nouriel Roubini: The Risk of a Hard Landing in China_
_2006. International Economy: Can China Achieve a Soft Landing?_
_2007. TIME: Is China's Economy Overheating? Can China avoid a hard landing?_
_2008. Forbes: Hard Landing In China?_
_2009. Fortune: China's hard landing. China must find a way to recover_
_2010: Nouriel Roubini: Hard landing coming in China_
_2011: Business Insider: A Chinese Hard Landing May Be Closer Than You Think_
_2012: American Interest: Dismal Economic News from China: A Hard Landing_
_2013: Zero Hedge: A Hard Landing In China_
_2014. CNBC: A hard landing in China_
_2015. Forbes: Congratulations, You Got Yourself A Chinese Hard Landing_
_2016. The Economist: Hard landing looms for China_
_2017. National Interest: Is China's Economy Going To Crash?_
_2018. The Daily Reckoning. China's Coming Financial Meltdown_
_2020. NYT. Coronavirus Could End China's Decades-Long Economic Growth Streak_
_2021. Bloomberg. Chinese economy risks deeper slowdown than markets realize_
_2022. Bloomberg China Surprise Data Could Spell R-e-c-e-s-s-i-o-n_
_2023. Bloomberg. No word should be off-limits to describe China's faltering economy_
...
Yet it's already 2024 and China's economy is still going strong.

[zarty]

When they realize the US is not what it used to be.

[peterfrank]

The remarkable thing is if our government and politicians were simply doing nothing, life would be better for many of us. These people take office and actively create policies harmful to us. I no longer vote because in my view simply voting-out these people is insufficient, they need to go to jail!

[tuppenceworth]

Ever since the US deported/hounded Chinese scientists and engineers back to China during the McCarthy era, China has gained significantly while for the US, it has been a case of cutting one's nose to spite one's face. We have seen this happening in the case of the International Space Station, sanctioning of Chinese hi-tech companies and now the banning of semi-conductor exports.

[mynameissack]

I feel sorry for the Americans who know and acknowledge that their government is working against the people’s interests but to the American pariah politicians, media and the brain-washed Americans, I say, “karma is a bitch.”

[TomNook.]

intel and Boeing are getting so much us taxpayers money..it's essentially state owned

[jascforfun]

Due to the bastardary of the West, the next smartphone I'm buying is Huawei and the next car I buy will be a Chinese EV.

[luckycharm]

Never thought US will turned into socialism! Not people's socialism but corporate socislism where huge welfare were given to big to fail corporation! Respect to China for having peoples socialism as of now!

[MartinLea]

Pretty much everything the U.S. does these days backfires on it

[hacksquat]

Not the first or last time American politicians undermine US interests. As long as politicians can be legally bought by "campaign donations" this problem won't solve itself. Literally whoever raises the most money is such a broken system.

[travismartinson]

“To put the world in order, we must first put the nation in order; to put the nation in order, we must put the family in order; to put the family in order, we must cultivate our personal life; and to cultivate our personal life, we must first set our hearts right.” Confucius

[dragondescendant]

Trade war with the biggest consumer in the world is not smart. Australia, Lithuania, had learned the lesson
the hard way. I knew it would happen to US as well.

[bobjack]

Chinese doors always opens VS US doors always closes fail policy

[drexelmildraff]

I've got a news flash for you about Chinese tech graduates. I went to grad school over 30 years ago in a highly rated computer science department and HALF the students even back then were Chinese, and 20% were from India, oh, and there were some Europeans, too. How many Americans from American schools...only a few.

[Shenzhou.]

It didn't have to be this way. Where China sees win-win cooperation for *mutual gain, * the US only sees a *zero sum game.*

[rastoferi]

Whenever someone said that US needs to sanction China, ask them who pay for sanction and watch the mental gymnastics ensue

[Chachoes]

Glad I pulled out my 5$ worth of Apple stock before the stock market dropped 😂😂

[dranzacspartan]

USA's arrogance is beyond comprehension. Their constant trashing of China is nauseating. Yet they rely on Chinese Engineers and Scientist. Space X for example, have over 2, 000 Chinese Space Engineers. Why? Because Elon Musk said, he calls for specialist Engineers in USA, and is lucky to fill a conference table. However, when he calls upon Engineers in China (USA ignore that Elon Musk has Mega Factories in China) he said they he is able to fill up a High School Basketball Stadium.

[ebyaka]

You don't win by hobbling the other guy ahead in a game. If you do, it is called cheating and you will be disqualified and loose. This is ridiculous...