How Africa is Becoming China's China

How Africa is Becoming China's China
5,219,026 views

84K

6.3K

SHARE

SAVE


Wendover Productions
Published on Jul 31, 2018
Trish Regan and former Trump Deputy National Security Adviser K.T. McFarland on the growing tensions between the U.S. and Iran.

FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is the leading business network on television, topping CNBC in Business Day viewers for the second consecutive year. The network is available in more than 80 million homes in all markets across the United States. Owned by FOX, FBN has bureaus in Chicago, Los Angeles, Washington, D.C. and London.

Subscribe to Fox Business! economic collapse that is on our doorstep, because the economic numbers are really starting to deteriorate very rapidly now.  On Tuesday we got some more new numbers, and they were just as bad as we thought they might be.  But even before today’s numbers all of the data were telling us the exact same thing: economic collapse is coming. 

The world has never seen anything like this ever before, and one of the central themes of Epic Economist youtube channel is that these bad economic numbers will destroy our society with a horrible stock market crash and financial collapse:

The New York Fed’s Empire State manufacturing index just suffered the worst one month decline in U.S. history, Morgan Stanley’s Business Conditions Index just suffered the largest one month decline that we have ever seen, global trade numbers are the worst they have been since the last financial collapse, and just last week I detailed the complete and utter “bloodbath” that we are witnessing in the U.S. trucking industry right now.  So considering what we already knew, it shouldn’t have been a surprise that new home sales in the U.S. were down a whopping 7.8 percent during the month of May: The Commerce Department said Tuesday that new homes sold at a seasonally adjusted annual rate of 626,000 in May, down from 679,000 in April. During the first five months of the year, purchases of new homes have fallen 3.7% compared to the same period in 2018. Those are absolutely horrible numbers, and this is precisely what an economic crisis looks like.

On Tuesday we also learned that U.S. consumer confidence is rapidly declining. Once again, this is precisely what we would expect to see during a recession.

In the fiscal fourth quarter, which ended May 31, FedEx reported a loss of $1.97 billion, compared with profit of $1.13 billion a year earlier. FedEx blamed this horrible number on the ongoing global economic slowdown, and unfortunately things are not likely to get any better for them any time soon.

Many in the mainstream media continue to speak of “the next economic collapse” as some future event, but when we get the final economic numbers many months from now we may discover that it had already started by now.  In fact, one prominent economist recently stated that he believes that “we’re probably already in a recession”

Meanwhile, the global trade war continues to intensify, and over 300 companies are literally begging the Trump administration to find a way to end it. Sadly, it isn’t likely that the trade war will end any time soon.
In fact, it is probably much more likely that a shooting war will start in the Middle East instead.  And if that happens, economic collapse will dramatically escalate.

America is headed for a day of reckoning, and author Michael Snyder is sounding the alarm.  His novel about the future of America entitled "The Beginning Of The End" and his best-selling book about the end times entitled "The Rapture Verdict" are both available on Amazon.com.

Michael Snyder's author page: Bill Gates discusses the trade dispute between the United States and China.Kai-Fu Lee, chairman and CEO of Sinovation Ventures and former president of Google China, discusses China's ambitions in tech with Bloomberg's David Westin on "Bloomberg Markets: Balance of Power."Start learning with Brilliant for free at http://Brilliant.org/Wendover
The first 200 to sign up for a premium account with that link will also get 20% off.

Check out my personal channel: https://www.youtube.com/channel/UCDA1...

Get the Wendover Productions t-shirt: https://standard.tv/collections/wendo...

Subscribe to Half as Interesting (The other channel from Wendover Productions): https://www.youtube.com/halfasinteres...

Support Wendover Productions on Patreon: https://www.patreon.com/wendoverprodu...

Youtube: http://www.YouTube.com/WendoverProduc...
Twitter: http://www.Twitter.com/WendoverPro
Email: sam@wendover.productions
Reddit: http://Reddit.com/r/WendoverProductions

Animation by Josh Sherrington
Sound by Graham Haerther (http://www.Haerther.net)
Thumbnail by Simon Buckmaster

Special thanks to Patreon supporters James McIntosh, Braam Snyman, Harry Handel, KyQuan Phong, Kelly J Knight, Robin Pulkkinen, Sheldon Zhao, Nader Farzan, James Hughes, Ken Lee, Victor Zimmer, Dylan Benson, Simenn Nerlier, Donald, Etienne Dechamps, Qui Le, Chris Barker, Andrew J Thom, Keith Bopp, Alec M Watson, Chris Allen, John & Becki Johnston, Connor J Smith, Arkadiy Kulev, Eyal Matsliah, Joseph Bull, Hank Green, and Plinio Correa

Otjivero Dam footage courtesy Drone Visions Namibia

Music by http://epidemicsound.com
Caption author (Chinese)
Zinan Cai
Caption author (Chinese (China))
邹苏隆
Category
Education
30,104 Comments
 Auggie Giuseppe
Add a public comment...
fea hhh
fea hhh
10 months ago
If you really want to stop China from helping Africa, then help Africa better than China.

1.4K


Mapleafs Toronto
Mapleafs Toronto
2 weeks ago
"How Africa is Becoming China's China", the sound is so western.

231


Satinder Mohammed Ali Kahal
Satinder Mohammed Ali Kahal
1 month ago
USA: To help a country, you must first blow it up.

242


Yuanxin Li
Yuanxin Li
2 months ago
So much hate in the comments. My grandfather was assigned to Congo to teach them how to establish railway system 50 years ago. All he got is precious friendship and memory.

300


fossel epic paradise
fossel epic paradise
2 months ago
As a African I really really prefer China than US ..

1.1K


ZG LUA
ZG LUA
5 months ago
China is telling the world to build roads first if you want to be rich.

1.1K


victree1
victree1
2 months ago
The western media are just jealous.

311


镇标 许
镇标 许
3 days ago
Reporter: Why did you attack Syria? America, Britain, France: We suspect that he has weapons of mass destruction. So why not attack Russia? America, Britain, France: He really has weapons of mass destruction.

15


Anonymous User
Anonymous User
2 months ago
What China doing is completely different to what the West were doing hundreds of years ago.
China helps itself by helping Africa so both can reap the rewards of development.
The West helps itself by exploiting Africa so only white men can reap the rewards of development.

146


Rashid Montana Jnr.
Rashid Montana Jnr.
1 month ago
China gives and take okay that's cool.

And what about those who doesn't give at all and create conflict between innocent and peaceful people and again take all properties from them back to their zone? China is building my country Ghana 🇬🇭 and my lovely continent Africa as well.  Africa loves China!!
Proudly African peace.

184


Tepper
Tepper
10 months ago
Meanwhile europe is becoming africa's africa