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David Friedberg says China is deliberately commoditizing the knowledge economy because it already holds 20X our manufacturing capacity and is heading to 8X our electricity. "I'll just zoom out for a second. Think about the strategy for China." "If you think about the global economy of the last 50...

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“I think next decade is going to be all about energy. Even Sam Altman from OpenAI talked about the evolution of AI — algorithms run on chips, but ultimately the chips need electricity. The algorithms will get better and better, and chips will get cheaper and cheaper. But at the end of the day, you have to get the electrons, and those electrons have a fundamental price. Even the AI competition between companies and countries is ultimately going to come back to electricity production. So next decade is going to be all about power — AI, manufacturing, the economy — they all come back to energy.” Scott Nolan
9:12

“I think next decade is going to be all about energy. Even Sam Altman from OpenAI talked about the evolution of AI — algorithms run on chips, but ultimately the chips need electricity. The algorithms will get better and better, and chips will get cheaper and cheaper. But at the end of the day, you have to get the electrons, and those electrons have a fundamental price. Even the AI competition between companies and countries is ultimately going to come back to electricity production. So next decade is going to be all about power — AI, manufacturing, the economy — they all come back to energy.” Scott Nolan

Shawn Ryan

118,797 views • 1 year ago

Col. Lawrence Wilkerson: ‘The US🇺🇸 is FIGHTING China🇨🇳 THROUGH Iran.’ ‘We are in fact revealing some of the dark reality behind our strategy [with the war on Iran]…and that is China, the number one economy in the world. There is no question about that anymore. It is the number one economy in the world in almost every indicator you want to look at. I think the globalists, the neoconservatives, and others of their ilk in America, in the empire, are fighting China, and they're doing it on two very vivid fronts right now: Ukraine through Russia, and in Southwest Asia directly, because that is a place where China is not going to give up. It's not going to give up on its Belt and Road Initiative. It's not going to give up on Iran. So we are not just fighting Iran, we are fighting China. And some people think purposefully so, and have that as the strategy they believe is being implemented, however imperfectly, by Donald Trump.’ —Col. Lawrence Wilkerson , former Chief of Staff at the State Department, on the latest episode of Going Underground Watch the full interview in the quoted post below 👇
2:53

Col. Lawrence Wilkerson: ‘The US🇺🇸 is FIGHTING China🇨🇳 THROUGH Iran.’ ‘We are in fact revealing some of the dark reality behind our strategy [with the war on Iran]…and that is China, the number one economy in the world. There is no question about that anymore. It is the number one economy in the world in almost every indicator you want to look at. I think the globalists, the neoconservatives, and others of their ilk in America, in the empire, are fighting China, and they're doing it on two very vivid fronts right now: Ukraine through Russia, and in Southwest Asia directly, because that is a place where China is not going to give up. It's not going to give up on its Belt and Road Initiative. It's not going to give up on Iran. So we are not just fighting Iran, we are fighting China. And some people think purposefully so, and have that as the strategy they believe is being implemented, however imperfectly, by Donald Trump.’ —Col. Lawrence Wilkerson , former Chief of Staff at the State Department, on the latest episode of Going Underground Watch the full interview in the quoted post below 👇

Going Underground

45,137 views • 18 days ago

.Scott Nolan to Shawn Ryan: Energy Will Decide U.S.-China Race for AI and Economic Dominance "I think the next decade's going to be all about energy. Even Sam Altman from OpenAI had some recent hearing or talk where he talked about just the evolution of AI. You've got algorithms. Algorithms run on chips, but ultimately the chips need electricity. And what he said, if thinking back to this interview, the algorithms are going to get better and better and better and cheaper, and the chips will get cheaper and cheaper, but at the end of the day, you have to get the electrons, and the electrons have a fundamental price, and ultimately it's going to come down to that. I think even the AI, the AI competition between different companies in the U.S., between different countries, it's ultimately going to come back to the electricity production. Next decade, it's going to be all about power production. AI, military, if you think you need kinetics and military, that comes back to manufacturing. If you think economics, we have to have the biggest economy so that we can just have the most productive capacity, energy. Next decade is going to be all about energy, and we've stayed flat for a decade, for 15 years, we haven't done anything, more like 20 years, our grid's been pretty stagnant, and if we want U.S. leadership, it's going to have to grow. I think that's going to be the story we see, and it's going to be about solving different supply chain needs, whether it's fuel, maybe it's transformers, maybe it's transmission, all these things are going to come up. It's going to be chips. We'd have to go back to that chart and see exactly where is China today, where were they before in terms of per capita, but I think a lot of that production, the doubling of their grid relative to our grid, a lot of that's gone into manufacturing. We've shifted manufacturing from the U.S. to overseas. A lot of that's in China now, we've let them do it. A big part of that, people thought was, well, Chinese labor is much cheaper, but a lot of these processes can be automated. And so once you automate it, it just comes back to energy cost. And so China said, let's double our grid. Let's keep going. Let's work on tripling our grid, and we'll do it in the cheapest way possible because we want to win on manufacturing and get all this economic activity over here. Meanwhile, the U.S. has said, we have a bunch of regulations, which are good, and probably some that are unnecessary and have slowed us down, and so we haven't done the growth, and we've been very thoughtful about emissions, environmental impact, carbon. Meanwhile, China's doubling, tripling their grid and has done a lot of that with coal. And so we've shifted manufacturing here that would have been cleaner over there and just probably ended up net producing more carbon than we would have, more pollutants than we would have, and just kind of outsourced that. But as we know, carbon flows everywhere. If you're really worried about carbon emissions, letting China double their grid with coal and move energy-intensive manufacturing there is not actually the answer. The answer is the U.S. has to unblock building here, doing industrial activity, do it cleanly, do it with nuclear or other sources, even natural gas, half the carbon emissions of coal, and the world would be way better off. Their grid doubling hasn't just meant that everyone there has a better quality of life. I think it just means that we've taken a lot of manufacturing from here and done it over there."
3:47

.Scott Nolan to Shawn Ryan: Energy Will Decide U.S.-China Race for AI and Economic Dominance "I think the next decade's going to be all about energy. Even Sam Altman from OpenAI had some recent hearing or talk where he talked about just the evolution of AI. You've got algorithms. Algorithms run on chips, but ultimately the chips need electricity. And what he said, if thinking back to this interview, the algorithms are going to get better and better and better and cheaper, and the chips will get cheaper and cheaper, but at the end of the day, you have to get the electrons, and the electrons have a fundamental price, and ultimately it's going to come down to that. I think even the AI, the AI competition between different companies in the U.S., between different countries, it's ultimately going to come back to the electricity production. Next decade, it's going to be all about power production. AI, military, if you think you need kinetics and military, that comes back to manufacturing. If you think economics, we have to have the biggest economy so that we can just have the most productive capacity, energy. Next decade is going to be all about energy, and we've stayed flat for a decade, for 15 years, we haven't done anything, more like 20 years, our grid's been pretty stagnant, and if we want U.S. leadership, it's going to have to grow. I think that's going to be the story we see, and it's going to be about solving different supply chain needs, whether it's fuel, maybe it's transformers, maybe it's transmission, all these things are going to come up. It's going to be chips. We'd have to go back to that chart and see exactly where is China today, where were they before in terms of per capita, but I think a lot of that production, the doubling of their grid relative to our grid, a lot of that's gone into manufacturing. We've shifted manufacturing from the U.S. to overseas. A lot of that's in China now, we've let them do it. A big part of that, people thought was, well, Chinese labor is much cheaper, but a lot of these processes can be automated. And so once you automate it, it just comes back to energy cost. And so China said, let's double our grid. Let's keep going. Let's work on tripling our grid, and we'll do it in the cheapest way possible because we want to win on manufacturing and get all this economic activity over here. Meanwhile, the U.S. has said, we have a bunch of regulations, which are good, and probably some that are unnecessary and have slowed us down, and so we haven't done the growth, and we've been very thoughtful about emissions, environmental impact, carbon. Meanwhile, China's doubling, tripling their grid and has done a lot of that with coal. And so we've shifted manufacturing here that would have been cleaner over there and just probably ended up net producing more carbon than we would have, more pollutants than we would have, and just kind of outsourced that. But as we know, carbon flows everywhere. If you're really worried about carbon emissions, letting China double their grid with coal and move energy-intensive manufacturing there is not actually the answer. The answer is the U.S. has to unblock building here, doing industrial activity, do it cleanly, do it with nuclear or other sources, even natural gas, half the carbon emissions of coal, and the world would be way better off. Their grid doubling hasn't just meant that everyone there has a better quality of life. I think it just means that we've taken a lot of manufacturing from here and done it over there."

Josh Caplan

28,340 views • 1 year ago

🇺🇸🇨🇳 TREASURY SEC BESSENT: WE WILL NOT BE COMMANDED OR CONTROLLED BY CHINA "If some in the Chinese government want to slow down the global economy through disappointing actions and economic coercion, the Chinese economy will be hurt the most. And make no mistake: this is China versus the world. They have imposed unacceptable export controls on the entire world. China is a command-and-control economy, and we and our allies will neither be commanded nor controlled. They are a state-run economy, and we will not allow a group of bureaucrats in Beijing to try to manage global supply chains." Source: Rapid Response 47, Treasury Secretary Scott Bessent
3:42

🇺🇸🇨🇳 TREASURY SEC BESSENT: WE WILL NOT BE COMMANDED OR CONTROLLED BY CHINA "If some in the Chinese government want to slow down the global economy through disappointing actions and economic coercion, the Chinese economy will be hurt the most. And make no mistake: this is China versus the world. They have imposed unacceptable export controls on the entire world. China is a command-and-control economy, and we and our allies will neither be commanded nor controlled. They are a state-run economy, and we will not allow a group of bureaucrats in Beijing to try to manage global supply chains." Source: Rapid Response 47, Treasury Secretary Scott Bessent

Mario Nawfal

157,878 views • 9 months ago

#WATCH | US Tariffs | Union Minister of Commerce and Industry Piyush Goyal says, "In less than a decade, India came out of 'Fragile Five' economies and it has now become the fastest-growing economy of the world. On the basis of the hardwork of reforms, farmers, MSMEs and industrialists, we have come in the top 5 economies of the world from the 11th largest economy. It is expected that we would be the third largest economy in a few years. Today, global institutions and economists see India as a bright spot in the global economy..."
1:41

#WATCH | US Tariffs | Union Minister of Commerce and Industry Piyush Goyal says, "In less than a decade, India came out of 'Fragile Five' economies and it has now become the fastest-growing economy of the world. On the basis of the hardwork of reforms, farmers, MSMEs and industrialists, we have come in the top 5 economies of the world from the 11th largest economy. It is expected that we would be the third largest economy in a few years. Today, global institutions and economists see India as a bright spot in the global economy..."

ANI

21,916 views • 1 year ago

At the end of WW2, about 40% of the world's manufacturing capacity was HERE IN AMERICA. Today, our manufacturing capacity is less than half of that. It's time to revive the engine of US manufacturing, revitalize communities across our nation, and make America Prosperous Again.
5:07

At the end of WW2, about 40% of the world's manufacturing capacity was HERE IN AMERICA. Today, our manufacturing capacity is less than half of that. It's time to revive the engine of US manufacturing, revitalize communities across our nation, and make America Prosperous Again.

Congressman Byron Donalds

74,539 views • 1 year ago

President Trump is absolutely right that we need pharmaceutical companies to bring their manufacturing back to the United States. COVID-19 exposed the weaknesses in our supply chains. Thanks to the leadership of the Trump administration and Republicans, our economy is unplugging from China and investing in the production of American-made pharmaceuticals and medical equipment.
0:37

President Trump is absolutely right that we need pharmaceutical companies to bring their manufacturing back to the United States. COVID-19 exposed the weaknesses in our supply chains. Thanks to the leadership of the Trump administration and Republicans, our economy is unplugging from China and investing in the production of American-made pharmaceuticals and medical equipment.

Congressman Greg Steube

13,511 views • 11 months ago

The United States has gone from a manufacturing economy to a healthcare economy. This chart tells the story of the last 35 years and it is eye-opening.
1:43

The United States has gone from a manufacturing economy to a healthcare economy. This chart tells the story of the last 35 years and it is eye-opening.

Anthony Pompliano 🌪

40,271 views • 1 year ago

🚨David Friedberg: "If I saw us adding a terawatt of electricity production capacity per year, I would shut the f**k up about the debt." david friedberg on E229: "The critical linchpin for all of those other points of abundance being unleashed is the energy equation, and this is where I look very clearly and plainly at what China's doing versus where we're at today." "We've got stated intentions, but the actions are where we're still... you know, we gotta start showing up." "So the number of watts that the US can make at any given point in time is one terawatt, one trillion watts." "Meanwhile, right now China is making three terawatts and they're scaling up to make eight." "We are at one, going to two over the next 15 years." David Sacks: "Let's assume that we have enough power." Friedberg: "If we have enough power, the $38T of debt doesn't matter." Sacks: "That's a pretty important conclusion because if that's true and we can grow our way out of this problem, then that is an alternative to having this austerity approach."
0:56

🚨David Friedberg: "If I saw us adding a terawatt of electricity production capacity per year, I would shut the f**k up about the debt." david friedberg on E229: "The critical linchpin for all of those other points of abundance being unleashed is the energy equation, and this is where I look very clearly and plainly at what China's doing versus where we're at today." "We've got stated intentions, but the actions are where we're still... you know, we gotta start showing up." "So the number of watts that the US can make at any given point in time is one terawatt, one trillion watts." "Meanwhile, right now China is making three terawatts and they're scaling up to make eight." "We are at one, going to two over the next 15 years." David Sacks: "Let's assume that we have enough power." Friedberg: "If we have enough power, the $38T of debt doesn't matter." Sacks: "That's a pretty important conclusion because if that's true and we can grow our way out of this problem, then that is an alternative to having this austerity approach."

The All-In Podcast

1,467,822 views • 1 year ago

"I think the big loser is the United States. They were defeated militarily and because of the the siege on the Persian Gulf, they've also strangled the global economy. And the global economy is heading for a cliff and so is the US economy. And that is not going to end well for Trump. But I think besides the United States being the big loser, in reality, the Israeli regime is also a big loser because of almost three years of genocide and turning the entire world against itself" WATCH Professor Mohammad Marandi Seyed Mohammad Marandi discuss the latest updates on the U.S.-Israeli war on Iran:
1:44

"I think the big loser is the United States. They were defeated militarily and because of the the siege on the Persian Gulf, they've also strangled the global economy. And the global economy is heading for a cliff and so is the US economy. And that is not going to end well for Trump. But I think besides the United States being the big loser, in reality, the Israeli regime is also a big loser because of almost three years of genocide and turning the entire world against itself" WATCH Professor Mohammad Marandi Seyed Mohammad Marandi discuss the latest updates on the U.S.-Israeli war on Iran:

BreakThrough News

56,527 views • 2 months ago

#WATCH | Delhi: Philippines' President Ferdinand Romualdez Marcos says, "I think it is a reaffirmation of the alliance and the partnership that we are strengthening. What used to be referred to as the Asia Pacific Region, we now refer to it as the Indo-Pacific Region, which is, I think, the correct evolution of that understanding because of the global nature of all of politics, all of trade and all of economy. To build upon what we already have and to certainly explore the many opportunities that have arisen in the past few years because of the new technologies and the changing state of the global economy and the geopolitics around us now." (Video: DD News)
1:10

#WATCH | Delhi: Philippines' President Ferdinand Romualdez Marcos says, "I think it is a reaffirmation of the alliance and the partnership that we are strengthening. What used to be referred to as the Asia Pacific Region, we now refer to it as the Indo-Pacific Region, which is, I think, the correct evolution of that understanding because of the global nature of all of politics, all of trade and all of economy. To build upon what we already have and to certainly explore the many opportunities that have arisen in the past few years because of the new technologies and the changing state of the global economy and the geopolitics around us now." (Video: DD News)

ANI

20,824 views • 1 year ago

Elon Musk explains why AI and robots are the future of the economy? “You can think of the economy as digital and physical intelligence. AI is advancing very rapidly, but it is still somewhat confined to the digital realm. You need end effectors in the form of humanoid robots. Then you can go from intelligence manifesting itself digitally to shaping atoms. An economy is the production of goods and the provision of services. If you have vast numbers of robots with vast amounts of digital intelligence, you have a quasi-infinite economy.”
1:32

Elon Musk explains why AI and robots are the future of the economy? “You can think of the economy as digital and physical intelligence. AI is advancing very rapidly, but it is still somewhat confined to the digital realm. You need end effectors in the form of humanoid robots. Then you can go from intelligence manifesting itself digitally to shaping atoms. An economy is the production of goods and the provision of services. If you have vast numbers of robots with vast amounts of digital intelligence, you have a quasi-infinite economy.”

DogeDesigner

44,576 views • 13 days ago

🚨 COMMERCE SEC. HOWARD LUTNICK with an absolute masterclass against a combative CNN host. LUTNICK: "Let Donald Trump fix the American economy." HOST: "The first time he did tariffs, we did see prices rise on products that were tariffed." LUTNICK: "We had the lowest inflation ever!" HOST: "The manufacturing sector went into a mild recession in the fall of 2019. What gives you so much certainty, and by the way, this is more aggressive and the economy is in a different place with inflation and consumer sentiment. What gives you so much certainty that this is going to work?" LUTNICK: "The largest tariff and trade barrier country in the world is China. And they don't have inflation. So these things don't occur the way people suggest they do. This is a reordering of global trade for the benefit of America. These people have all been living in our house. They've been driving our car. They come by and visit, open our fridge and eat our food whenever they want. They've taken advantage of us." "Today was the day of the beginning of saying, I'm sorry, you can't just live for free off of us. You have to pay. And what's going to happen is the United States of America will get stronger. Our economy will grow much, much faster than the rest of the world." "You should be betting on Donald Trump and the United States market. We are going to do much, much better." Howard Lutnick
1:26

🚨 COMMERCE SEC. HOWARD LUTNICK with an absolute masterclass against a combative CNN host. LUTNICK: "Let Donald Trump fix the American economy." HOST: "The first time he did tariffs, we did see prices rise on products that were tariffed." LUTNICK: "We had the lowest inflation ever!" HOST: "The manufacturing sector went into a mild recession in the fall of 2019. What gives you so much certainty, and by the way, this is more aggressive and the economy is in a different place with inflation and consumer sentiment. What gives you so much certainty that this is going to work?" LUTNICK: "The largest tariff and trade barrier country in the world is China. And they don't have inflation. So these things don't occur the way people suggest they do. This is a reordering of global trade for the benefit of America. These people have all been living in our house. They've been driving our car. They come by and visit, open our fridge and eat our food whenever they want. They've taken advantage of us." "Today was the day of the beginning of saying, I'm sorry, you can't just live for free off of us. You have to pay. And what's going to happen is the United States of America will get stronger. Our economy will grow much, much faster than the rest of the world." "You should be betting on Donald Trump and the United States market. We are going to do much, much better." Howard Lutnick

Eric Daugherty

418,388 views • 1 year ago

Newsom: I represent a state the size of 21 state populations combined, the fifth largest economy in the world, and we have a break-the-glass moment. We have to update all our economic forecasts—our inflationary forecasts, our unemployment forecasts, our budget forecasts—because I represent the largest manufacturing state in America. I represent a state that’s more impacted, because of direct trade from China, Mexico, and Canada, than any other state. And as a consequence, the impacts are extraordinary. But it’s not about California per se—it’s about all of us. It’s about the global order, it’s about our alliances, it’s about our reputation, truth, trust. It’s about stability. It’s about the world we’ve come to know—and some of us revere and love. The country. All of that is now at risk because of the recklessness—and there’s no other way to describe it—of one individual: the President of the United States.
0:58

Newsom: I represent a state the size of 21 state populations combined, the fifth largest economy in the world, and we have a break-the-glass moment. We have to update all our economic forecasts—our inflationary forecasts, our unemployment forecasts, our budget forecasts—because I represent the largest manufacturing state in America. I represent a state that’s more impacted, because of direct trade from China, Mexico, and Canada, than any other state. And as a consequence, the impacts are extraordinary. But it’s not about California per se—it’s about all of us. It’s about the global order, it’s about our alliances, it’s about our reputation, truth, trust. It’s about stability. It’s about the world we’ve come to know—and some of us revere and love. The country. All of that is now at risk because of the recklessness—and there’s no other way to describe it—of one individual: the President of the United States.

Acyn

152,025 views • 1 year ago

JD Vance: The Tech Industry Must Be More Than Just Software for America to Thrive Recorded September 9th, 2024 at the All-In Summit, two months before the 2024 election: "If you look at the real innovation in the American economy, it's been in the world of software." "If you look at where the economy has been most stagnant, it's been in basically the heavily regulated parts of the economy, which is where 90% of the people that I represent in the Senate and 80% of the people that I hope to represent as their vice president actually make their living, run their business, and go to work every single day." "When I think about tech, one of the things I'd like us to do is broaden the aperture a little bit and think about innovation not just in software, but innovation in transportation and logistics and innovation in energy and the whole suite of things." "Because unless our economy is actually technologically innovative, then a stagnant economy is fundamentally like the worst thing." "And I think a lot of America's pathologies right now stem from the fact that we feel like we live in a very zero-sum country, because in some ways we do." "When the economy's growing 4, 5, 6% a year, then Democrats can kind of get what they want, Republicans kind of can kind of get what they want, and it all makes sense." "If the economy's growing between 0 and 1% a year, then I think it makes the whole society and our political system much more insane." "And I think it's kind of a subtext of what's been going on in this country for the last 30 years."
1:11

JD Vance: The Tech Industry Must Be More Than Just Software for America to Thrive Recorded September 9th, 2024 at the All-In Summit, two months before the 2024 election: "If you look at the real innovation in the American economy, it's been in the world of software." "If you look at where the economy has been most stagnant, it's been in basically the heavily regulated parts of the economy, which is where 90% of the people that I represent in the Senate and 80% of the people that I hope to represent as their vice president actually make their living, run their business, and go to work every single day." "When I think about tech, one of the things I'd like us to do is broaden the aperture a little bit and think about innovation not just in software, but innovation in transportation and logistics and innovation in energy and the whole suite of things." "Because unless our economy is actually technologically innovative, then a stagnant economy is fundamentally like the worst thing." "And I think a lot of America's pathologies right now stem from the fact that we feel like we live in a very zero-sum country, because in some ways we do." "When the economy's growing 4, 5, 6% a year, then Democrats can kind of get what they want, Republicans kind of can kind of get what they want, and it all makes sense." "If the economy's growing between 0 and 1% a year, then I think it makes the whole society and our political system much more insane." "And I think it's kind of a subtext of what's been going on in this country for the last 30 years."

The All-In Podcast

51,879 views • 1 year ago

“China is a huge risk, not only militarily but also economically. … Taiwan has, like, a ticking timeline of 2027. … If, you know, China takes Taiwan and shuts down our access to TSMC, like, that’s a huge problem for the US economy. … They have, like, 250 times the shipbuilding capacity that we have.” Trae Stephens
9:51

“China is a huge risk, not only militarily but also economically. … Taiwan has, like, a ticking timeline of 2027. … If, you know, China takes Taiwan and shuts down our access to TSMC, like, that’s a huge problem for the US economy. … They have, like, 250 times the shipbuilding capacity that we have.” Trae Stephens

Shawn Ryan

150,873 views • 9 months ago

🚨WATCH: A 40-year compilation of Donald Trump speaking out against NAFTA, the WTO, and other trade deals that have exploited American consumers and devastated U.S. manufacturing. "When you put a tax on Japan for the products that they're selling, you will bring in hundreds of billions of dollars to this country, which can go to rebuilding our inner cities instead of giving Japan free military defense, you charge them for what they're getting, and you bring in hundreds of billions of dollars. If the right person asked, they would gladly pay, because they'd have to pay." "The fact is that you don't have free trade. We think of it as free trade, but right now, you don't have free trade. We let Japan come in and dump everything right into our markets. If you ever go to Japan right now and try to sell something, forget about it. Just forget about it. It's almost impossible. They don't have laws against it. They just make it impossible. They come over here, they sell their cars, their VCRs. They knock the hell out of our companies. And hey, I have tremendous respect for the Japanese people. I mean, you can respect somebody that's beating the hell out of you, but they are beating the hell out of this country." "It's tough to build housing for people when you're losing $200 billion a year. What I'm saying is the United States is systematically being ripped off by many of the wealthiest countries of the world. You look at Saudi Arabia, Kuwait, and various of the other oil-producing countries, you'll see their lifestyle is beyond belief because we give them their freedom and they give us nothing. I'm saying I want the money so that we can put it into Harlem. So that we can give the money back to education because that's the big picture." "Kuwait, they live like kings. We make it possible for them to sell their oil, and yet they're not paying us. Why aren't they paying us 25% of what they make? ... Look at how we opened up the Persian Gulf. Most of the oil goes to Japan. We open up the Persian Gulf for Japan to get oil, for Saudi Arabia, for Kuwait to make money. Why aren't they paying us for this?" "NAFTA has ripped the heart out of this country, signed by Bill Clinton. It has been probably the worst trade deal, the worst economic trade deal ever signed by any country anywhere in the world." "I want free trade, but it's got to be fair trade. It's got to be good deals for the United States. I was asked recently, well, what is your definition of trade? I say make good deals for the United States, and ideally, make great deals for the United States. These horrendous trade deals have destroyed New York State. They have destroyed Pennsylvania and Michigan. Look at what's going on in Michigan. The car companies are moving to Mexico in particular. It's unbelievable." "China just devalued its currency. They're basically saying, 'we're really ripping you big league.' And believe me, they are taking our jobs, and China is not the only one. You look at other countries and they're all doing the same thing... They're making all our products. We're not manufacturing anything. They are selling it to us. They take our money and they loan it back to us." Chart below👇
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🚨WATCH: A 40-year compilation of Donald Trump speaking out against NAFTA, the WTO, and other trade deals that have exploited American consumers and devastated U.S. manufacturing. "When you put a tax on Japan for the products that they're selling, you will bring in hundreds of billions of dollars to this country, which can go to rebuilding our inner cities instead of giving Japan free military defense, you charge them for what they're getting, and you bring in hundreds of billions of dollars. If the right person asked, they would gladly pay, because they'd have to pay." "The fact is that you don't have free trade. We think of it as free trade, but right now, you don't have free trade. We let Japan come in and dump everything right into our markets. If you ever go to Japan right now and try to sell something, forget about it. Just forget about it. It's almost impossible. They don't have laws against it. They just make it impossible. They come over here, they sell their cars, their VCRs. They knock the hell out of our companies. And hey, I have tremendous respect for the Japanese people. I mean, you can respect somebody that's beating the hell out of you, but they are beating the hell out of this country." "It's tough to build housing for people when you're losing $200 billion a year. What I'm saying is the United States is systematically being ripped off by many of the wealthiest countries of the world. You look at Saudi Arabia, Kuwait, and various of the other oil-producing countries, you'll see their lifestyle is beyond belief because we give them their freedom and they give us nothing. I'm saying I want the money so that we can put it into Harlem. So that we can give the money back to education because that's the big picture." "Kuwait, they live like kings. We make it possible for them to sell their oil, and yet they're not paying us. Why aren't they paying us 25% of what they make? ... Look at how we opened up the Persian Gulf. Most of the oil goes to Japan. We open up the Persian Gulf for Japan to get oil, for Saudi Arabia, for Kuwait to make money. Why aren't they paying us for this?" "NAFTA has ripped the heart out of this country, signed by Bill Clinton. It has been probably the worst trade deal, the worst economic trade deal ever signed by any country anywhere in the world." "I want free trade, but it's got to be fair trade. It's got to be good deals for the United States. I was asked recently, well, what is your definition of trade? I say make good deals for the United States, and ideally, make great deals for the United States. These horrendous trade deals have destroyed New York State. They have destroyed Pennsylvania and Michigan. Look at what's going on in Michigan. The car companies are moving to Mexico in particular. It's unbelievable." "China just devalued its currency. They're basically saying, 'we're really ripping you big league.' And believe me, they are taking our jobs, and China is not the only one. You look at other countries and they're all doing the same thing... They're making all our products. We're not manufacturing anything. They are selling it to us. They take our money and they loan it back to us." Chart below👇

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