Biden NOW Sabotaging Inflation | The Chinese War.

hey in this video we're going to be

talking about China and Taiwan in the

United States and potentially a

disastrous mistake that I believe our

Administration is making by allowing

something to happen that in my opinion

it's just really bad timing and bad form

and that specifically based on the

following chart this chart right here

suggests that there are three scenarios

for inflation in 2023 and they are

heavily heavily heavily impacted uh and

I'm falling off the screen there by

China take a look at these scenarios

here if China has a strong reopening and

all of a sudden 1.4 million more Chinese

start traveling and we see a lot more of

that sort of an estimate right now and

we get a lot more Chinese activity in

the market we could actually prop up

inflation substantially inflation could

stay between five and six percent in the

United States that's a problem because

that means more aggressive fed for

longer more pain you get a disorderly

coveted zero uh uh you know like a

disaster where they keep going on

lockdowns they keep things held down you

could actually bring inflation down to

two percent in America or you stay at

the Baseline we're around three and a

half percent so I've said this before

but I believe that China will be an

anchor for inflation for the world and

for America the longer they stay locked

down ironically the more inflation comes

down faster

but I'll tell you if China reopens

strongly and inflation pops up and China

gets pissed because of what you're about

to hear in this video here and we're not

focusing on the things that could

actually drive inflation down we in my

opinion are making a massive political

mistake that could have massive Economic

Consequences and you're going to

understand a lot more about this when

you combine this inflation chart that I

just showed you and this sale that is

about to take place

led by of course the Biden

Administration now look I'm no

politician but I feel like I know

negotiating and I'll tell you I think it

is a bad time at a time when China is

going to be pivotal to our economic

success or failure in 2023

at a time when China is literally coming

out of some of the worst protests

they've had since Tiananmen Square as

the country is now calling for the

resignation of Xi Jinping in frustration

over coveted lockdowns at a time where

China's economy is probably in recession

even though the official numbers don't

say they are and at a time where

lockdowns are so bad that countries

horrible not just countries countries

are upset in China but companies are

fleeing China iPads are now going to get

made in or assembled in India iPhones

might get assembled in Vietnam where

more than 80 percent of them were

assembled by Foxconn China before that

folks this is probably the worst time

in my opinion

to be flashing in front of the Chinese

that we are now selling 100 Lockheed

Martin Patriot missiles to Taiwan

now in case you don't know Patriot

missiles were designed back in the 1980s

to shoot down enemy airplanes

today they are used to shoot down enemy

airplanes but also to shoot down

ballistic missiles and even the longer

range intercontinental ballistic

missiles these are those big missiles

that you see that ballistic ones are the

big missiles you see like North Korea

Iran and China kind of scoot around on

those large trucks and they stand next

to them and they have those giant

missiles on the big trucks well those

are slower moving missiles that can go

very very far they can destroy things

with pretty good Precision uh and they

don't have to be nuclear although they

can be they can destroy things like

aircraft carriers airports weapons

Depots they can cause a lot of freaking

damage and they can travel at different

heights in order to counter-attack those

we use what are known as Patriot

missiles they drive around on trucks as

well and you kind of set them up in

their own little Depots they come with

five main parts you've got the missile

you've got the launcher which which also

happens to transport and game you know

the missile and holds the missile you've

got a radar antenna you've got an

equipment truck that's kind of where the

the staff goes into and aims the darn

thing uh it or locks it on that is and

the power plant the Patriot missile

doesn't have to actually be fired

directly at an incoming enemy missile

and that makes it great and versatile

for deploying very quickly it sort of

adjusts as it travels but this thing can

be locked onto ballistic missiles at a

50 mile range you can't even see that

far and what's really incredible as

these Patriot missiles are fast they fly

high and they could be twice as fast as

ballistic missiles these are really

really powerful missiles and now we are

selling 100 of them to Taiwan for wall

Lockheed Martin is for 882 million

dollars so these weapon systems will

come with software upgrades uh system

upgrades for existing missiles upgrading

everything to the pac-3 system

apparently these are these are the most

advanced missiles these are what we in

America use for surface-to-air missile

defense Surface Two uh aircraft defense

whatever and this all happens is

happening based on a 2010 arms deal that

we agreed with for arms sales with

Taiwan so that Taiwan could defend

itself against China now look things

relaxed after Biden met with Xi Jinping

just a few weeks ago and Biden said look

there's no imminent Invasion China's not

imminently invading Taiwan even though

tensions got pretty high there for a

moment because of some of the things

that Beijing said uh but but look I

think the last thing we ought to do is

strengthen these tensions at this this

point when I think what's more important

is we focus on uh well a trade we should

be focusing on trade and economies now

don't get me wrong I understand the

Taiwanese are looking to express their

sovereignty but at a time where there's

no imminent sign of invasion it seems a

little insensitive while China is down

to be negotiating the sale and

publicizing it now

just my take but here's what else is

happening in the face of China in the

face of China Taiwan is currently trying

to negotiate a trade agreement with the

United States and hopes to sign a Free

Trade Agreement by November 2023. now

the likes of that potentially happening

maybe aren't that great given that we've

got a split Congress whether or not

whatever happens in Georgia tomorrow

ends up in the favor of Democrats or

Republicans doesn't really matter Donald

Trump pulled us out of the trans-pacific

partnership in 2016 said instead we

would introduce bilateral trade

agreements and guess what kind of trade

agreement we got with Taiwan well we

really didn't instead Taiwan taxes our

Imports at a five percent value-added

tax and then of course there's a trade

fee of a few basis points on top of that

there are luxury alcohol poor Duty and

other taxes that can be as high as 10 on

top of that things we import from Taiwan

like semiconductors could receive a 6.34

uh Baseline tax and really the the

problem here is is that Well everybody's

trying to focus on getting inflation

down

and economies propped up and China's in

a really weak place I a little bit feel

like this arms deal is a middle finger

to China now I think we could probably

cause more damage and I'm not an expert

on this okay I I understand there are

reasons for uh you know military

protection although the United States

can kind of uh provide that without

necessarily selling it right but I think

my personal opinion right now the focus

of our presidential Administration

should be how can we work with China and

Taiwan to relax trade tensions so that

way we can reduce inflation taxes create

a deadweight loss on the economy taxes

right now appear to be a higher issue

and inflation appears to be a higher

issue to the lives of ordinary Chinese

Taiwanese and Americans and people

around the world then quite frankly

intercontinental ballistic missiles then

again of course we've got Rocket Man

over in North Korea going a little blue

launching the most missiles he's ever

launched in a single year to date thus

far which is not great but the reality

here is personally I'm not the biggest

fan of hearing about 800 almost a

billion dollars of missiles being sold

to Taiwan but I think there are other

things we should be focused on right now

just my take again I'm not a politician

but a little bit frustrated by this let

me know what you think in the comments

down below