Jack ChappleThis is the country of Cambodia. It is a small to mid-sized country with a population of just over 15 million people, and is located in the southern portion of the Indochina peninsula in Southeast Asia.
During most of the 20th century, Cambodia was an extremely poor, and relatively weak country in regards to its economy, and military. In fact, in 1998, after 3 consecutives years of economic contraction, the country had a GDP per capita of just $269...making it one of the poorest countries on the planet.
You see, Cambodia was a poor and somewhat small country, which gave it no sway on the global stage in regards to trade, politics, military and economics. So that was why, the country decided to try something different. In 1961, the association of southeast asian nations, or simply, ASEAN...was created by Thailand, the Philippines, and Malaysia.
Essentially this was a union created to help accelerate economic growth, social progress, and cultural development in the region, while also helping promote regional peace, and to also give these smaller nations a much larger say on the global stage.
Now it was also formed out of a fear of growing communist regimes in nearby countries such as China, but i will leave that for another video.
In a sense, this new southeast asian union allowed for small and poor countries, to gain political and economic independence from nearby superpowers. And over the next several decades, other southeast asian nations would join such as Indonesia, Singapore, Brunei, Laos, Myanmar, Thailand, and vietnam.
And all along the way, this new union strengthened the economies of each one of these nations, while also proving to be a somewhat unified political entity, as they showed a unified response to many political threats and wars over the last 60 years.
So that is why in 1999, Cambodia decided to join this new political union. And since then, Cambodia has seen its economy move from a level of extreme poverty, to that of a developing nation, albeit still a relatively poor and small nation on its own.
However, the ASEAN union has seen its economic influence grow over the past decade. In fact, this union now has between the 5th and 7th largest amount of economic influence in the entire world...depending on what metric you use.
And if that is what a collection of somewhat poor southeast asian nations could do...imagine what would happen if 4 very wealthy nations were to form a new union of their own. A union that would act in a similar way... with unified global plans for their militaries, economies, politics, trade, and even citizenship.
Right now we could be seeing the creation of a global force right before our very eyes.
In the early 1800’s, New Zealand was a largely unpopulated island with the exception of the Maori Natives. Australia had just a few thousand British settlers...40% of which were prisoners. And Canada was filled with a few hundred thousand British and French loyalists that simply did not want to live in America after the revolutionary war.
But then, these 3 young nations would begin to go through a massive change. Within the following decades, they slowly began to become more populated, wealthy, and would eventually become part of the commonwealth of countries under the british empire.
Now, these 3 nations at the time were not viewed as the most valuable possessions of the british empire.
India for example, had over 200 million people within its borders, and was one of the largest economies in the world while it was being ruled by the british. This lead to india being named ‘the jewel of the crown’.
There were also some other nations that were in a more valuable geographical location for the british. Egypt, along with parts of China and indonesia, were viewed as more valuable colonies of the british empire at the time due to their proximity to trade routes, and trade partners.
But over the next 100 years, the british empire would begin to fall, as virtually every country that was previously under british rule, would soon declare their own independence, and move away from the enforced british culture.
Except for a few. You see, even after declaring independence from Britain, many of these nations kept their british traditions, and even made their own political association called the commonwealth of nations.
How Canada, Australia, New Zealand, & The UK Are Secretly Forming One Global Superpower: CANZUKJack Chapple2020-09-23 | This is the country of Cambodia. It is a small to mid-sized country with a population of just over 15 million people, and is located in the southern portion of the Indochina peninsula in Southeast Asia.
During most of the 20th century, Cambodia was an extremely poor, and relatively weak country in regards to its economy, and military. In fact, in 1998, after 3 consecutives years of economic contraction, the country had a GDP per capita of just $269...making it one of the poorest countries on the planet.
You see, Cambodia was a poor and somewhat small country, which gave it no sway on the global stage in regards to trade, politics, military and economics. So that was why, the country decided to try something different. In 1961, the association of southeast asian nations, or simply, ASEAN...was created by Thailand, the Philippines, and Malaysia.
Essentially this was a union created to help accelerate economic growth, social progress, and cultural development in the region, while also helping promote regional peace, and to also give these smaller nations a much larger say on the global stage.
Now it was also formed out of a fear of growing communist regimes in nearby countries such as China, but i will leave that for another video.
In a sense, this new southeast asian union allowed for small and poor countries, to gain political and economic independence from nearby superpowers. And over the next several decades, other southeast asian nations would join such as Indonesia, Singapore, Brunei, Laos, Myanmar, Thailand, and vietnam.
And all along the way, this new union strengthened the economies of each one of these nations, while also proving to be a somewhat unified political entity, as they showed a unified response to many political threats and wars over the last 60 years.
So that is why in 1999, Cambodia decided to join this new political union. And since then, Cambodia has seen its economy move from a level of extreme poverty, to that of a developing nation, albeit still a relatively poor and small nation on its own.
However, the ASEAN union has seen its economic influence grow over the past decade. In fact, this union now has between the 5th and 7th largest amount of economic influence in the entire world...depending on what metric you use.
And if that is what a collection of somewhat poor southeast asian nations could do...imagine what would happen if 4 very wealthy nations were to form a new union of their own. A union that would act in a similar way... with unified global plans for their militaries, economies, politics, trade, and even citizenship.
Right now we could be seeing the creation of a global force right before our very eyes.
In the early 1800’s, New Zealand was a largely unpopulated island with the exception of the Maori Natives. Australia had just a few thousand British settlers...40% of which were prisoners. And Canada was filled with a few hundred thousand British and French loyalists that simply did not want to live in America after the revolutionary war.
But then, these 3 young nations would begin to go through a massive change. Within the following decades, they slowly began to become more populated, wealthy, and would eventually become part of the commonwealth of countries under the british empire.
Now, these 3 nations at the time were not viewed as the most valuable possessions of the british empire.
India for example, had over 200 million people within its borders, and was one of the largest economies in the world while it was being ruled by the british. This lead to india being named ‘the jewel of the crown’.
There were also some other nations that were in a more valuable geographical location for the british. Egypt, along with parts of China and indonesia, were viewed as more valuable colonies of the british empire at the time due to their proximity to trade routes, and trade partners.
But over the next 100 years, the british empire would begin to fall, as virtually every country that was previously under british rule, would soon declare their own independence, and move away from the enforced british culture.
Except for a few. You see, even after declaring independence from Britain, many of these nations kept their british traditions, and even made their own political association called the commonwealth of nations.
CONTACT: For Collaboration Inquiries ONLY: jackchapplevideo@gmail.com
Podcast:Canada Is Becoming a Dystopian NightmareJack Chapple2023-09-06 | Hi, its been awhile. You know, I rarely go on camera anymore, but this video has become quite personal to me, and I feel like the best way I can tell this story is through a more personal medium.
And this is the story of how canada has turned into a dystopian nightmare.
This is the city of waterloo in ontario. You can think of it as the silicon valley of canada. Blackberry’s headquarters were here. 2 well known universities are located within a about 2 kilometers of one another. And over there was where I used to live when I went to school in the area in 2016.
I had a 1 bedroom, 1 bathroom, 512 square foot apartment. The cost of rent? $900 a month including internet, electricity, and water.
However, earlier this year, I took a look that apartment that I lived in 7 years ago and saw that it was being rented out for about $2000 a month. Essentially, the rent of this place had gone up 122% over the course of 7 years. An average increase in rent of about 17.4% per year for almost a decade. If you were to view this rental property as a rental income investment, it would be very comparable to the returns that ponzi schemes would see, like what Bernie Madoff was doing in New York before he was sentenced to 150 years in prison.
Except, this apartment isn’t apart of a ponzi scheme. Its just the new Canada.
You see, my one anecdotal story is not exactly an outlier for the average rental price in canada. In 2015, the average canadian paid $1172 in rent, and today, 8 years later, that number has jumped to $2289.
Essentially if you invested in the rental real estate market in 2015, you ended up walking into an investment return that outpaced the best returns from the largest hedge funds in the world.
And obviously, its not just rental prices that Canada has seen skyrocket, its the sale prices too. In 2011, the average sale price of a house in canada was $348,000. 12 years later, prices have more than doubled to $709,000. In Toronto, the average house went from $500,000 in 2013, all the way up to 1.3 million in 2023. In fact, if you were to look at what a $200,000 gets you in other major cities like london england. You’ll see that you can get a pretty nice 2 bedroom apartment. But in toronto, $200,000 gets you…a parking space. You heard that right. Welcome to Canada. In fact, the average 1 bedroom, 500 square foot apartment in toronto is currently going for $550,000 canadian.
It is prices like these that have given toronto canada, the title of ‘the biggest housing bubble in the world’.
Now even though, toronto is canada’s largest city, it doesn’t represent all of canada. But this does. The average monthly mortgage on a new home purchase in 2015 was about $1400. Today what do you think that number is? Is it up 50% in 7 years? 100%? Well let me tell you friends, if it was only 100%, that would've been great. The average monthly mortgage on a new home purchase today is approaching $3500 in Canada. And when you consider that the median household income after taxes brings in around $5000 a month, you can see why there is a mortgage crisis going on right now in the country as well.
But thats only just the surface of the story. I dug a little deeper to find out why this housing crisis was going on. And a key reason why there’s a housing crisis in Canada is because of a housing shortage.
One story that popped out to me was how there was a proposal to bring in 4,690 housing units in the city of Mississauga ontario, a city with about 825,000 people that has been hit especially hard by this housing crisis. The proposal was going to build a few high rises along with an entire neighborhood of townhomes and detached houses. However, the homeowners and the city council shot this proposal down citing things like not wanting to live in a congested area, or a construction site for a few years, and also, having too many shadows cast upon the surrounding area. And to be honest, I understand where this thought process was coming from. If i’d spent my life savings to buy a house in a more quiet neighborhood, I wouldnt want it to turn into a congested and noisy nightmare either. But this was just one example of many rejections that would having helped fixed canadas housing shortage.
CONTACT: jackchapplevideo@gmail.com OR (even better, and more likely to get to me): Send me a tweet or instagram DM.
Podcast:How Denmark, Germany, and the UK, are Taking Down Chinas Energy EmpireJack Chapple2023-08-21 | This is an area of the north sea just off the coast of Denmark called Doggerland. It currently is a hotspot for fishermen, however, just recently, its purpose has become much more important. In fact, this patch of seemingly endless water may soon become one of the most important areas in the entire world. You see, this spot, right here, could single handedly shift the balance of power for the entire world, while also making some countries rise to the level of superpower, and make others end their reign of world dominance
Around 6,000 years ago, what would you do if you wanted to travel long distances and establish trade routes of hundred of kilometers. Well, around 4,000 BC, virtually everyone had to walk. And thats not exactly the easiest thing to do. Some merchants started domesticating horses and camels which meant they could carry more goods and travel more efficiently. But still, long distance trade was extremely difficult and risky for human beings at that time.
But then one day, somewhere probably in Egypt, someone, who was likely walking along the coastline of the mediterranean, or the red sea, had an idea. What if an invisible force that seems to be able to make trees move and make the seas turn rough, what is that force could be harnessed. Of course, this person, who we will never know, was talking about a technology that would change humanity forever. It was the first time we harnessed the power of wind.
Primitive sailing boats started springing up in egypt who used them to trade all along the red sea and mediterranean. And over the course of the next several thousand years, the ability to harness the power of the wind, would dictate the empires of the world.
The persian empire relied heavily on its transport ships in order to invade and conquer the eastern mediterranean. The roman empire relied heavily upon its ability to trade in bulk with the rest of the world, in order to get the resources it needed to build its empire. Later, the british, portuguese, spanish, and the Dutch would become the world superpowers almost solely through their advancements in harnessing wind power in the most advanced ships of their time, like the carrack. And the Galleon.
But then, in 1887, a scottish professor named james blyth had a different idea of how to harness the wind. You see, by this time, the wind wasn’t just harnessed for the use of sailing, but it was also being used for things like pumping water, or grinding up grain. But JAmes Blyth had a different idea. He saw that the world was adapting to a newly discovered technology called electricity. So he thought, mayve he could use his cottages windmill to produce some electricity. And well thats what he did. He then offered to gift this electricity he generated, to the town his cottage was in, which was marykirk. However, they politley declined, saying that this was clearly the work of the devil.
But that didn’t stop the rest of the world from becoming electrified. Right now, most of the electricity in the world is generated by Coal, Gas, and Oil. There was a brief moment in time when Nuclear energy may have been on a trajectory to become the words best and most efficient energy source. However, you can essentially point to the day where those dreams were crushed, april 26, 1986. The day Chernobyl happened, the world essentially shut off its investment into nuclear energy, and went back to fossil fuels.
And this reliance on these resources have created superpowers and monopolies over the last century. Think of standard oil in the united states which was arguably the most powerful company in modern history. You can even look at modern day energy superpowers like saudia arabia that single handedly cheapened the entire worlds energy supply in 2020 by purposefully flooding the oil market in 2020. There are plenty of other examples of countries gaining wealth fairly quickly from discoveries of oil as well, like norway, and more recently, guyana.
The point being, oil, gas, and coal have been one of the largest generators of wealth and power for countries over the last 100 years, because of how they can cheaply generate electricity and power for our modern day economies.
CONTACT: jackchapplevideo@gmail.com OR (even better, and more likely to get to me): Send me a tweet or instagram DM.The Economic Collapse That is Coming for Everyone...Except This One CountryJack Chapple2023-02-22 | This is a chart of the record high credit card debt. This is a chart of the soaring, adjusted real estate prices in the united states. And This is a chart showing the rapid increase in the price of consumer goods. At one point or another, you have probably heard someone talk about one of these charts or topics. And how they point to a bleak future for the world economy. But there is one thing that no one is talking about, that leaves all of these other economic problems in the dust.
In fact, this chart may be the scariest economic signal, that we have ever seen, and yet no one is paying attention to it.
This little line right here shows with almost certainty, that the global economy as we know it, may be coming to an end, and there isn’t anything we can do about it.
When you think about things that are correlated with humanity, you probably think of something like our ability to adapt, maybe our pollution, maybe our architecture, or maybe something else. But one thing that might be correlated with humanity, more than anything else, is growth.
Whether its growth of our intelligence, technology, or productivity, humanity for thousands of years has had a general upward trajectory for many important things in relation to our society. But there is one thing that nearly always grows, no matter what. One thing that has grown through every world war, every pandemic, every golden era, and every dark age, is also something that we based our modern economy off of today.
And that thing, is our population. During world war 1 and 2, despite losing tens of millions of people worldwide, the global population still grew during that decade. In fact, going back throughout all of human history, there’s only a handful of events that caused a temporary global population decline. One was the Mongolian conquest in the 1200s, which may have killed upward of 10% of the world population. The black plague in the 1300s decreased the world population by about 25%.
The crisis of the third century in the roman empire, which was a combination of a plague, hyperinflation, weather events, and foreign invasions, caused a rapid population decline in large cities like alexandria. And at the same time that this was going on in rome, the crisis of the three kingdoms in China resulted in one of the sharpest population declines in recorded history. The three kingdoms war saw estimates of china losing potentially 60% of its population during the third century.
However, there was one population decline that no one talks about. One that lasted for thousands of years. And was not caused by a war, natural disaster, or pandemic. This population decline came from something different. It came from a new technology, and the birth of a new economy. You see, humans up until about 12,000 years ago, were still hunters and gatherers. We would go out into the wilderness looking to eat pretty much anything whether it was plants or animals. But then, something changed. You see, someone in syria came up with an idea that would change humanity. Instead of going out and looking for food from plants, why dont we try to grow our own, right by our village? And so, that one person planted rye, waited for it to grow, and then, voila. The domestication of plants was discovered by humanity. Now, you might assume that this technology would have been good for humanity, as it allowed humans to have a consistent food supply, and therefore, would lead to humans being able to reproduce more and grow the human population. But thats not what happened. In fact, it may have been somewhat detrimental to humans for thousands of years.
You see, immediately after humans learned how to domesticate plants, life expectancy decreased, infant mortality rose, and the average human height decreased by nearly 4 inches. Along those lines, humans began developing new diseases like iron deficiency anemia, osteoporosis, and obesity. This was largely because humans transitioned to a new type of economy and lifestyle where there were only a few types of plants available to eat. So, it decreased the diversity of our food, in order to increase the overall supply of food, while also allowing humans to become sedentary for the first time in history.
CONTACT: jackchapplevideo@gmail.com OR (even better, and more likely to get to me): Send me a tweet or instagram DM.
Podcast:The Netherlands is Controlling China, And Trying To Takeover The World Economy...Jack Chapple2023-02-09 | This is the town of Veldhoven in the netherlands. Its a fairly modest town with a population of 45,500. But what if I told you, that the entire world economy, is based around this town. Because, what is happening here, in Veldhoven, has been catching the attention of the worlds superpowers. In fact, something that is happening here, quietly, in the background, just might dramatically change the world for the better of humanity, cause a full on economic collapse, and maybe, just maybe, make an old empire rise once again.
This is the rotte River. Around the year 900 AD, a few dozen people lived along this river. However, over the next few hundred years, those few dozen people grew into a village with over 500 people. However, just as the village seemed to be reaching new heights, a massive flood of the river came and wiped out most of infrastructure of the village. And for 100 years, because of the flooding, this area didn’t recover. But then, the area became an area that would become one of the most important economic projects in history.
In the mid 1200’s, the Rotte River had a Dam built along it which helped reclaim a lot of the flooded land that the river destroyed a century earlier. Soonafter, King William the 4th of Holland officially made the village apart of Holland, and named it RotterDam after the river, and the dam which allowed the village to exist.
King William then announced a Canal project for Rotterdam, which would allow ships to enter and leave the city fairly easily. And it was this Canal project which would accidentally change the world as we know it today.
You see, the Canal in the 1300’s, did help bolster the local economy of Rotterdam but at the time, ship technology, and International trade were pretty limited. So for the time being, this Port and Canal was pretty much only used for trade between nearby countries.
But then, a strange thing happened. A race to become the new great empire of the world was underway. Spain, Portugal, and Britain all began inventing new ship technologies to expand their empires throughout the world. And over the next several centuries, globalization and colonization became rampant throughout the world. And all of a sudden, the port of Rotterdam, became one of the largest trading Hubs in the world.
You see, in the 1600s, as other empires like the british, spanish, and portuguese were focused on expanding their empire and seeing how much land they could conquer, the Dutch focused on controlling a few select countries, and creating trading posts, resource exploitations, and forts, rather than large expansive swaths of land.
Also during this time, the Netherlands also transitioned their economic policy towards having free markets, property rights for all, and high levels of agricultural and technological investment, therefore the Netherlands became known as the worlds first modern economy.
And because of all these reasons, the NEtherlands soon became known as the Dutch empire. The dutch controlled global trade, and dictated which nations were able to have access to key resources like spices, Rye, and luxuries,
By 1670, half of all european trade came from Dutch ships, and flowed through the ports of Rotterdam and Amsterdam.
Think about that, at the time of some of the largest empires in history, the Netherlands, who had a population of only about 2 million people, dominated world trade.
And I know what you are probably asking. What happened to this trade empire? Well, it actually never really went anywhere.
You see, even after its decolonization of its empire, the Dutch quietly have been one of the biggest trading nations in the world.
If you were to take a look at the top exporters of goods in the world, you would see something that may catch your eye. The top exporters may seem obvious, as they are China, the United States, Germany, and Japan. Those nations have been the kings of exports for decades, and they all have very large populations. So that makes sense. But who do you think is the next largest exporter of goods? Is it an old power like the UK or france? How about a large populous country like brazil or India? Maybe its an upcoming manufacturing powerhouse like indonesia?
Well. As it turns out. The Netherlands, is still one of the top exporters of goods in the world. Despite having a population of only 19 million people today, the Dutch
CONTACT: jackchapplevideo@gmail.com OR (even better, and more likely to get to me): Send me a tweet or instagram DM.
Podcast:How Australia and Chile Are Secretly Trying To Control The World And Take Down ChinaJack Chapple2022-09-02 | This is the Island of Uto in Sweden. To many, this island may seem just like any other island. Its filled with a lot of normal plant life, a few docks for people to visit, and even a few tourists pop up here or there. There should be nothing special about this island. But as it turns out, this island may be responsible for a lot of our modern world, and the future global superpowers in the coming decades…
You see, Our technology, our economy, and even our culture, may have originated on this exact island in the year 1800. And What happened on this island over 220 years ago, might dictate the next great technological superpowers, our future economy, and what happens to humanity as a whole in the coming decades.
Jose Bonifacia de Andrada was a Geology Professor at the university of Coimbra in the year 1800. But in his spare time, he traveled around europe studying rocks (they’re minerals, Marie). One day on his travels, he stumbled upon an island with a small iron mine that was operating nearby. So, he ventured into the mine, and found a very strange mineral. It was somewhat clear with a yellow and whitish tint. It was also fairly brittle and didn’t seem like it would hold any special properties. So, that rock, which he called petalite, got put away in a swedish labratory, where it was not touched for another 17 years.
That was until swedish Chemist Jons Jacob Berzelius and his student Johan August Arfwedson, decided to analyze the mineral. And what they found was an element that the world had never seen before. It was an element that behaved very similar to potassium and sodium, however, this element was much less soluble in water and seemed to be more solid than them as well. And so, they named this new element Lithium, which is derived from the greek word ‘Lithos’, meaning, Stone.
Now, when there is a new discovery in a field like chemistry or physics, it usually takes many years before we find a practical application for it.
And if you have studied history at all. You probably know that there is one thing that drives technological innovation more than any other factor.
The thing that drives science and technology forward faster than any other thing, is not education, its not freedom, its not the economy, its not a government policy, its not even a scientific research fund.
The one thing that creates innovation the fastest throughout the history of humankind. Is war.
If you want to innovate faster than at anytime in human history. Then go to war.
You see, up until the 1940s, lithium didn’t really have a purpose. There were a few lithium mines that were active in the world. And lithium was only used for basic materials like ceramic bowls, and for the treatment of mania in a few small areas in europe
But when WW2 came along, it started being mass produced because it was a vital part of greasing the engines of fighters and bombers.
But it wasn’t until after WW2 ended, and a new colder war began, that lithium would begin to become a massive part of humankinds history.
That’s because this little element would play a vital role in developing humanities most infamous invention.
As it turns out, when you apply quite a lot of heat and bombard lithium with subatomic particles called neutrons, you get this…
A thermonuclear weapon. The most destructive thing that humanity has ever created, was created, because of that little rock that was discovered in Uto, Sweden, just 150 years beforehand.
And what soon followed was a nuclear arms race between the soviet union and the united states. Over the course of the next 3 decades, the demand for thermonuclear bombs skyrocketed, and so did the demand for lithium. The soviet union and the united states would go on to create 70,000 nuclear weapons during the cold war, and detonate 1,747 of them to see their effects on our planet earth.
And because of this nuclear armament, Lithium began being mined all around the world. The united states became the largest producer of lithium up until the 1990s when the united states began to disarm its nuclear arsenal.
And so, the 2000s came along. And the demand for lithium completely dried up. The industry was dead. but then this happened (maybe show clip of steve jobs iphone speech)
In 2007, the iphone was released. You see, as it turns Lithium was a very special element because it was extremely good at one thing.
CONTACT: jackchapplevideo@gmail.com OR (even better, and more likely to get to me): Send me a tweet or instagram DM.
Podcast:How Morocco Secretly Controls China, India, The United States, And the WorldJack Chapple2021-10-28 | This is a farm in China, This is a Mcdonalds in New York, This is an apartment complex in Mumbai, And this is a skyscraper in London.
What do all these have in common? Well as it turns out. All of these places' successes or failures… Economic booms or collapses… And even population growth or famines... Might soon be decided by the nation of Morocco.
And probably not for the reasons that you might think. In fact, this future economic trajectory was likely decided by a tiny little creature a couple centuries ago.
This a bat. In the modern world, we view bats as things that both control insect population, as well as creatures that spread rare diseases.
But a few hundred years ago, bats were discovered to do something else. Something miraculous that would shape our world forever without most people realizing it.
In 1802, the european explorer, alexander von Humboldt, was travelling through the Peruvian lands, when he discovered something strange.
The peruvian lands did not seem like they were suitable for large scale agriculture, yet the peruvian fields were filled with lush, and healthy looking crops.
And he soon discovered, that the peruvian people had been collecting a substance called guano...which is the excretion of bats and some seabirds...and spreading it along their crops for the previous several thousand years.
So, alexander von humboldt ended up bringing this knowledge of guano significantly increasing food production, back to europe, where it would soon become of key interest to the western world.
Soon after the discovery of guano, food production boomed in the united states and europe. And all of a sudden, these western nations went from having a small but significant shortage of food, to having a massive surplus of food, which was more than enough to feed all of its citizens and then some.
In fact, guano’s impact on boosting food production became so important, that several wars were fought over guano, such as the chincha islands war of 1864 and the war of the pacific in 1879.
The united states became so enamored with guano, that it passed the guano islands act, which allowed any american citizen, to claim and annex any island that had any substantial amount of guano on it. And in fact they did lay claim to about 70 of these islands, most of which were in the pacific ocean.
You see, guano became so important to the economic, population, and industrial growth of the western world, that is became one of the most vital resources in the world.
However in 1913, fritz haber would soon discover a way to synthesize an artificial version of guano, that we today call, fertilizer.
And it was this one single event, the discovery of fertilizer, that wold go on to be known as the detonator for the population explosion of the world.
Soon, starvation in nations that used fertilizer became rare. The worlds population grew from 1.6 billion to 7.7 billion over the next 100 years. Food production and yields immediately doubled in many areas. Because of fertilizer. Nations with typically unsuitable locations to grow food like northern european countries like norway, all of a sudden were able to sustainably grow crops in more areas. And soon, every single countries economic and population growth was indirectly caused by the food surplus created from fertilizer.
In fact, it is estimated that roughly 50% of all the nitrogen in your body is directly from fertilizer that farms use to grow food.
Now, that brings us to today.
You see, all of this seems great so far. Fertilizer has allowed many countries to grow and in some cases become superpowers of the world, where nearly all of their citizens are well fed and have very little food insecurity. But in 2010, a few scientists began noticing something a little worrying.
Fertilizer, the compound that is responsible for a ton of the growth that humanity has seen over the last 2 centuries, might actually be running out.
Thats because the fertilizer that the world has used to grow, needs 3 elements. A Nitrogen based compound, a phosphate, and a potassium based compound. And 2 of which, humans cannot create from scratch. Those are phosphate and potassium, or potash.
Potash, is a non-renewable resource that is largely controlled by 4 countries. Canada is by far the world largest producer of potash,with over one third of the worlds potash coming from canada. Russia, Belarus
CONTACT: jackchapplevideo@gmail.com OR (even better, and more likely to get to me): Send me a tweet or instagram DM.
Podcast:How Australia Is Crashing the World Economy And Taking Down ChinaJack Chapple2021-10-20 | This is the Australian ship called...the topas. In June of 2020 this ship left the port of Queensland in Australia with 90,000 tons of coal as its cargo. Its destination was the port of Jingtang, where it was set to unload its coal, and then travel back to Australia over the course of a few days.
But that's not what happened. Because once the topas reached the port of jingtang, it was not allowed into the Chinese port. So, it waited. One month passed, two months, 6 months, then 10 months. eventually, and the ship, and all its crew found itself being stranded at sea for nearly an entire year, with no end in sight.
And as it turns out, this event would foreshadow one of the biggest economic issues….that we are currently witnessing today.
But to explain why this event was so important, and why its creating a global crisis today...you must know that this crisis that we are currently experiencing... may have actually started with a small bird, just a few decades ago. A bird, that caused one of the biggest crises in history.
This is a Chinese Sparrow. In the 1950s, the chinese government didn’t know much about these birds except for one thing. What they found out was that these sparrows at on average 4 pounds of chinese grain per year, per bird. Now on its surface, this may not seem like much, when you consider that all the sparrows in china consume only a fraction of one percent of the grain in China. But at the time, the Chinese government did not like this at all.
You see, china in the 1950’s was trying its best to adopt communist economic policies, while becoming completely self sufficient in regards to its agriculture. So, in order to accomplish their goal, the banned the privatization of all agricultural production within the country. They also decided that all food shall be collected and then distributed by the government, they changed their farming techniques to match that of the soviet union, they decreased crop diversity to help boost production quotas, and lastly, they stopped trading resources with all western nations, in hopes of becoming self sufficient.
And all of the policy effects took place virtually overnight, which caused a massive shock to China’s agricultural system. And soon, China would begin to experience a decrease in food production, and a very serious national famine.
However, there was one thing that would push this crisis over the edge. And of course that was the sparrow. Remember how the chinese government didn’t like that the sparrows ate a small amount of their grain? Well...as it turns out, the chinese government decided to order the extermination of all sparrows from the country, in hopes of boosting food production. And so...over the course of a few years, millions of sparrows in China were killed, and the sparrow became nearly extinct.
And it would not take too long before china realized it had made one of the largest mistakes in the countries history. This one single policy change, ended up making their famine even worse. You see, what china did not know, was that sparrows were the main predators for all of the pests in their crop fields. Meaning that as soon as the sparrows went away, the crop eating pests, mainly locusts, began swarming the entire country. And these locusts were not eating just a small fraction of one percent of the food. Some swarms literally destroyed entire farms or even villages of crops at a time.
And it was this event that ended up making the Famine in China turn into the Great Chinese Famine. A crisis that caused tens of millions of people to starve to death over a 5 year span.
All it took, was a few policy changes, and one hasty economic decision, to cause a crisis on a global scale…
And that brings us to today.
Remember that ship of the Topas, that we last saw being stranded at sea? Well, as it turns out, this was also because of a hasty economic decision that came from the Chinese government.
You see, in June of 2020, just a few months into the pandemic, Australian Prime Minister called for an investigation into the origin of pandemic in China.
Now this on its surface, may not have seemed like much of a story at the time, but in reality this would be the instigator for a global crisis.
CONTACT: jackchapplevideo@gmail.com OR (even better, and more likely to get to me): Send me a tweet or instagram DM.
Podcast:The Incoming Great Economic Megadrought of 2021 - The Fall of EmpiresJack Chapple2021-10-11 | To the average observer, these twin streams of water may seem pretty, boring and inconspicuous. Not even worth a second thought. And 20 thousand years ago There was no one here. And to be honest, could humans even live here? I mean outside of these two rivers, there is nothing but deserts, heat, and extremely dry climates that no ancient human would want to live under for sure...right?
Yet..around 10,000 BC, we began to see the first settlements occur around these rivers. One such settlement was Abu Hureyra. 6,000 years later, we began to see more advanced human settlements like the cities of Ur, and Uruk which had many structures that we would recognize today like houses, monuments, walls, and ofcourse...government buildings run by theocratic kings.
And all of this advancement of human civilization was only possible because these settlers had two sources of fresh water, that they could use to drink, and cultivate food. I mean...if these two rivers were to disappear, than these cities are essentially in the middle of the desert with no food or water in sight.
But these cities kept expanding. Eventually, there were so many different cities and territories along this river, that someone thought it might be wise to conquer and unite them all.
And of course this man was...a local gardener. But not just any gardener, he was actually the gardener and cupbearer for the King of Kish, meaning the this young man named Sargon, had more power than his employment title would suggest.
And years later, he would use this political power to displace his own king, and crown himself the true king of Kish. And it was after Sargon declared himself king, that he began his conquests over all cities and kingdoms along the Euphrates and Tigris rivers.
His conquests were successful, and decades after his death, the succeeding rulers of the newly founded, Akkadian empire, would continue his mission by trying to unite all people along the twin rivers under one ruler.
And it was by this point at around 2200 B.C that the empire became something that mankind had never seen before. There was a flourishing of culture, technology, economics, and unification all under one ruler. This was truly, the first great empire, that the world had ever seen.
So...if things were going so great, then why isn’t the akkadian empire still around today? Well, one of the troubles with trying to build an empire out of people with vastly different beliefs, cultures, and lifestyles, is that there will almost always be some sort of conflict or revolting within the empire at all times.
But, many historians think that these revolts were actually only a small reason as to why the akkadian empire isn’t around today. Because in the year 2200 B.C the Empire was at its peak, but less than 5 decades later, the entire empire ceased to exist...so something else must have happened.
And maybe to figure that out, all we have to do is to look 2000 kilometres west, to find an old kingdom.
You see the great pyramids over there? Well even in the year 2200 BC, these pyramids were already quite old. In fact, many people back then viewed the pyramids as we today view buildings like the taj mahal or Buckingham palace. Thats how old the pyramids are. And many of us have seen images and videos of the pyramids like this, where its the 3 classic structures, in the middle of a desert, with nothing else in sight. But if we take a slightly different angle, we might start to see a clue for why the Akkadian empire collapsed.
You see, less than 2 kilometers away, exists a branch of the Nile river, surrounded by the sprawling metropolitan cities of Giza and Cairo, with lush farmland on the outskirts. And just 10km away from the pyramids is the heart of the Nile river.
All this means is that humanity, over 4000 ago, built vast structures, sprawling empires, and large metropolitan centers, solely around one water source, in one of the harshest climates in the world. And at the time, this was a great idea, and no one had a reason to believe that something...very very bad...could happen to their rivers...as there was no recorded evidence that anything extraordinarily bad could happen.
But then...seemingly over the course of a few months to a few years, the Nile, Euphrates, and Tigris rivers
CONTACT: jackchapplevideo@gmail.com OR (even better, and more likely to get to me): Send me a tweet or instagram DM.
Podcast:The Great Economic Revolution Is Approaching...The End Of Our EraJack Chapple2021-04-17 | Last year during the economic collapse, several economic events happened. The stock market crashed, unemployment rates hit record levels, and it seemed like every business you could think of was on the brink of bankruptcy. And if these events weren’t bad enough,
...quietly, in the background...something else was happening. Something that we haven’t seen in hundreds of years...an event that could very well change the fabric of our society, culture, and global economy, like we have never seen before...
France in the early 1700’s was the most populated and richest country in europe. And over the following 7 decades, things went pretty well. Mortality rates were declining, GDP continuously increased, Education and literacy skyrocketed, Industrialization was being implemented into the country, and trade with countries like italy and spain, increased by more than 900% during that time.
On its surface, this all seemed great, but in reality, nearly one third of the population of france was living in poverty. And to make things worse, almost the entirety of the middle class was struggling by the year 1770. And those 2 issues, combined with a compilation of government debt, and some burdensome tax policies, led to a new idea.
You see, France at the time had 3 classes of people. You had the clergy, the nobles, and then...everyone else who were largely the middle class and peasants. In fact, 98% of the entire population was in this third class, yet nearly all of the benefits of the current economy went to the nobles and the clergy.
For example, the nobles and the clergy only composed 2% of the population yet had 2 thirds of the say in government. Also, the nobles and the clergy did not have to pay any taxes at all despite them being extremely wealthy.
All this meant was that even though france as a whole country experienced prosperity over the previous 7 to 8 decades, the prosperity really only went to those who were the richest and most powerful people in their society.
And this all came to a head in the late 1700’s when France experienced a big problem. Several years of poor harvests from their farmland led to many people in france going hungry. But, the nobles, the king, and the clergy all seemed to be well fed and were able to pay higher prices and outbid the peasants for food. That, along with the kings inability to collect ample amounts of taxes, and overprinting of the french currency, forced King louis the 16th to call upon all three classes of citizens to get together and figure out a solution.
The third class of citizens wanted the wealthy to pay taxes, and for the government to cut spending. The king mainly just wanted money and to maintain government spending. And the nobles and clergy wanted to not only avoid all taxes, but wanted even more economic benefits from the economic system. And so, it was after this assembly of the king and 3 classes that led to one of the most important moments in the history of the western world.
You see, after the average, hungry, and poor citizens realized that the entire downside of the taxation and economic system was on them, yet they saw little to none of the upside, they decided to revolt and create their own system from scratch, without the nobles or the clergy.
So, the citizens created a revolution, they began rebelling at sites like Bastille, and soon abolished things like feudal rights, Tithes, and unequal taxation of peasants and nobles. They eventually went on to reform their system multiple times, stating that laws and policies come from people, not kings or gods...and should apply to everyone equally.
Now, even though the french revolution may not have been as successful as some may think, some say it went too far, others say not far enough...it is important to know this.
During a crisis, average people were hit the hardest and the elite of society experienced almost no downside. The unfair taxation system where the wealthiest paid the least amount in taxes also created an unsettled middle class. The compilation of government debt, The devaluing of currency, The exclusion of the lower class from political positions of power, And the view of rampant inequality between the super rich, and the poor...all of these things led to a complete transformation of society. Does any of this sound familiar to you?
CONTACT: jackchapplevideo@gmail.com OR (even better, and more likely to get to me): Send me a tweet or instagram DM.
Podcast:The Great Surge of Everything Is Coming...Be PreparedJack Chapple2021-04-10 | What country do you think has had the fastest growing stock market in the world over the last12 months?
Is it the united states? Well thats a good guess, as the stock market has seen gains of more than 50% in the last 12 months, which is about 41% more than normal.
How about china? Well, the shanghai composite index has done well, growing by over 25% in the last 12 months, which is about 20% higher than its normal year.
Or what about Japan? Well, they’ve seen their stock market grow by about 50% over the last 12 months, which is about 45% higher than normal.
Yet...despite all of these countries having record amounts of growth in their own stock markets, they all pale in comparison to that of zimbabwe.
You see, if you had invested in the Zimbabwe Industrial index 12 months ago, you would have seen a return, of an astounding 481%.
As you can see, zimbabwe is crushing its competition, and maybe this might be signalling that something disturbing is happenings with every stock market around the world
Well, you see...just over a decade ago, zimbabwe was going through one of the worst episodes of hyperinflation in history. This was when they had a peak inflation of 89.7 sextillion percent per year. And that was just a smidge high to say the very least.
So, the country adopted new currency standards by 2009, and then soon after, zimbabwe actually had a fairly fast growing economy. For the next 4 years, it averaged 15% GDP growth per year, which was then followed by a much slower but steady growth rate of about 3% per year up until 2018.
But then in 2019, Zimbabwe entered a recession after a drought and ensuing famine hit the country, followed by the government attempting to reform its currency once again. And so the country was in an economic panic. So, it decided to use a tactic that it thought would help keep asset prices afloat, and prevent a complete economic collapse. It decided to print more money. In fact, by january of 2020, 70% of zimbabwe’s dollars had been created within the previous 12 months.
This injection of currency did help keep zimbabwe’s markets afloat, but what it really did was devalue the currency itself.
And just a few months later, the pandemic hit. This forced zimbabwe to create even more currency to prevent the collapse of its economy, and as of today, more than 93% of all dollars in zimbabwe, were created within the last 24 months.
And so, what this really did was devalue the currency in zimbabwe, which artificially sent prices of everything to insanely high levels.
So, in fact, the reason why zimbabwe’s stock market has sky rocketed in the last year has not bene because the companies or the economy has been doing well, but its because the government chose to artificially devalue its own currency, in order to prevent a market collapse. So in a sense, the gains seen Zimbabwe’s stock market are really just from increasing the money supply.
But I wonder where they got this idea from.
Its October 19th, 1987, Wall Street is seeing the stock market crash at a level not seen since the first days of the great depression. The market drops 20% in a single day, and the population becomes worried that this could be the start of a new great depression.
But Alan Greenspan, the head of the federal reserve, had an idea. Instead of letting the banks and investors fail, he decided to indirectly bail out some of these banks, by injecting liquidity and currency into the markets.
The was called the greenspan put.
Essentially for the first time, what he did was bail out the banks and provide investor confidence, by increasing the money supply in the markets. Sound familiar?
Now, in 1987, this ended up stopped the panic on wall street, and even though it would take 2 years before the stock market recovered from this single day of trading, an economic collapse did not happen and the banks did not fail.
But, unknowingly, what this also did was signal to the banks and population, that any sort of downturn in an economy or market was bad, and that we should only see perpetual growth forever.
So over the next decade, banks started taking more risks, investors started using margin a lot more, and many average every day people began investing into the stock market.
CONTACT: For Collaboration Inquiries ONLY: jackchapplevideo@gmail.com
Podcast:We Are Living Through The Scariest Economic Experiment In History Right Now...And No One Knows ItJack Chapple2021-04-05 | Many countries around the world have, on paper...seemingly recovered from the economic collapse that occurred last year. Unemployment rates are getting closer to normal, the number of business bankruptcies has hit a 2 year low, and the stock market is at an all time high?
On the surface, this seems great. But in reality, we are actually going through the biggest and scariest economic experiment in history. An experiment which could help bring us into a golden age of a new kind of economy...or it could bring us into a new dark age that the world has never seen before.
In the 7th century in China, copper coins were used as the main currency for chinese merchants. But these merchants at the time, began running into a problem. You see, these coins were quite heavy and many of them could be used for a single transaction, which was quite inconvenient for carrying around a city. So to combat this problem, Chinese merchants came up with the idea. What if they just deposited these heavy coins with a person or business, and received a piece of paper called, a promissory note, or banknote, in return? That way merchants would not have to carry around large amounts of heavy coins all day, and they can be safely stored at a single location.
And thus the primitive form of paper money was born, and was implemented throughout the currency system in China.
After a few centuries of using this type of currency system, the Chinese government noticed something strange.You see, a copper shortage caused the government to issue more of these promissory notes and less copper coins. And during this time, the government saw a massive boost to its economy, allowing for the government to spend more on things like military and infrastructure.
So, they ran an economic experiment that would become very important to what we are experiencing today.
The chinese government declared that their new form of paper currency, was considered a public monopoly owned by the government. This allowed the ancient chinese government to completely control its own currency.
And for a couple hundred years, the governments ability to print money on command, and control inflation, worked well. But little did they know, a global threat was emerging out of central asia, that would change the course of history.
A man named Temujin had recently united the Mongol Tribes in the year 1206, and then became known as Genghis Khan. He soon launched the largest military conquest in human history, with his successors eventually taking over China and forming the yuan dynasty in 1271.
During the Yuan Dynasty, the newly formed Chinese/Mongol government wanted to keep spending government money to further fund their conquests. But instead of limiting their spending, or worrying about their government debt, they decided to just manufacture more and more paper money, in order to fund their military campaigns. They figured that because they were the government and had a public monopoly on its currency, they could do whatever they wanted with little or no repercussions. So they essentially revamped their paper money, turned it into the worlds first fiat currency, and started running their empire on a completely new economic theory.
And for a little while it worked.
But after years war in Japan, Vietnam, Burma, and Java, and years of ignoring debt and inflation, the economy of the Yuan Dynasty began to collapse.
Inflation rose to 80% in the early 1300’s, their was a severe debt crisis, the population became impoverished within the span of about 5 years, and the governments theory on how printing money could solve their economic problems came crashing down.
And it was this economic downfall combined with the governments inability to help its people after several natural disasters, that led to the collapse of the yuan dynasty in 1370.
And that brings us to today. You see, as we all know, governments around the world have compiled record levels of debt in order to keep their economies afloat during the pandemic. They have also printed money at not only record levels, but levels that are comparable to that of the yuan dynasty in the early 1300’s.
CONTACT: For Collaboration Inquiries ONLY: jackchapplevideo@gmail.com
Podcast:The Largest Economic Empire In The World Today...And No One Knows About It.Jack Chapple2021-01-01 | When you think about the most valuable companies in the world, you probably think of companies like Apple, Amazon, or Microsoft. But, for most of the last 2 decades, none of those companies were even close to being the most valuable company in the world. That’s because, that title was held by a company that many people haven’t heard of. Its a company that has been quietly influencing the worlds superpowers, and your daily life, more than any other...
The Year is 1914. World War 1 was underway with the allies facing off against the axis powers. But right when the war began, the allies knew they had one key advantage. You see, this was right around the time of the mass production of combustion engine vehicles. So that also meant this was the first war that featured motorized transportation vehicles, tanks, armored cars, planes, ships, trucks, and trains...manyl of which relied upon one thing. Oil.
And fortunately for the allies, they had disproportionate control over the worlds oil supply. In fact, the axis powers controlled only 3% of the worlds oil at the time, while the allies, controlled about 90% of the worlds oil supply. And of that 90%, almost all of it was controlled by the united states, and nearly 90% of the united states oil was controlled by a giant...recently broken up company, called Standard oil.
So, in a sense, standard oil was able to help swing the tides of world war one by supplying britain, france, and eventually, the americans, with all the oil they needed to maintain a strong military force, while abstaining from trade with that of the axis powers.
And it was this act, of supplying the allies with oil, that made businesses and world leaders around the globe realize, that whoever controlled the worlds oil, could control the worlds balance of economic and militaristic power.
And so began the age of oil exploration.
A few years later in 1922, a new zealand military engineer named Frank Holmes thought that the middle east could be a good place to look for potential oil deposits, as no one had actually bothered to look for oil there yet.
So, he was able to get some support from the king of saudi arabia, and by 1924, he had found...no signs of oil. But he persisted. He got approval to search for oil in Bahrain, he then got funding from an american company called SoCal which was a branch of the american company standard oil, and in 1932, after 10 long years of looking for oil in the middle east, the new zealander and standard oil had finally found oil.
And because of this success, the company was able to strike a deal with saudi arabia in order to explore the rest of the country for more oil deposits. So the search continued, the didn’t find much over the next two decades or so, and the oil exploration in saudi arabia was starting to lose some steam. In fact, SoCal had sold off a large portion of its saudi arabia oil business to other american oil companies like texas oil and standard oil of new jersey.
And by the way, its worth noting at this point that standard oil of california, texas oil, and standard oil of new jersey would soon change their names to Chevron, Texaco, and Exxon. And these companies decided to change the name of their saudi arabian oil venture to ARAMCO.
By 1949, Saudi Arabia looked like it might not have as much oil as ARAMCO thought. And after the passing of world war 2, and the resurgence of the importance of oil in warfare, ARAMCO looked like they may never find what they were truly looking for in the middle east.
But then, the 1950s happened. On a fateful day in 1951, ARAMCO discovered the largest offshore oil field in the world in the persian gulf. Six years later, the company discovered the largest onshore oil field in the world, called the ghawar field. And this was when things started to change for ARAMCO.
You see, at this point, ARAMCO was still largely owned by American companies, and split the profits with the saudi arabian government. But over the next few decades, as more and more oil was discovered, the saudi arabian government wanted full control over the oil production that occurred in their territory.
CONTACT: For Collaboration Inquiries ONLY: jackchapplevideo@gmail.com
Podcast:These Images Show Some Crazy Things Going on In The World...Jack Chapple2020-10-22 | They say an image is worth a thousand words. But some images do more than just that. Some images can tell the tales of prosperity...while others show us the stories of poverty.. Some show us the accounts of the past...and others allow us to predict the future.
This is an image of the night lights over the detroit metropolitan in the year 2012. This area was once, one of the brightest, wealthiest, and largest cities in the united states just 50 years ago. But steadily over the past 5 decades, its economy and population has been on the decline. So when we look at the density of night lights over detroit in 2012, and compare it to 2016, you will actually see the city get dimmer. This is because over the four years where these images were taken, the population of this area declined by almost 100,000. Meaning that there are less people, and businesses using lights at night, than there were 4 years prior.
And on the opposite side of this prosperity spectrum, we have India. You see, two things tend to correlate with how bright a city is. One of which is population density, and the other is economics. As a general rule, the better a city is doing economically, the brighter the city will be. So that is why between 2012 and 2016, india saw this happen. during those 4 years, india saw the wealth of its average citizen increase by over 30%. And when you combine its modernization of its infrastructure, along with its dense population, you get a significantly brighter country. Now saying that, india is still has a lot of poverty and is a developing country. But these images show the giant leaps that have been taken within the country over the course of those 4 years.
This is the continent of africa. The average person that lives on this continent makes just over $1,500 a year...which makes it the poorest continent on the planet. But when you take into account that in 2002, the average person made only about $580/year, than you would see africa has some of the fastest growing economies in the world. In fact, four of the top 5 fastest growing countries in the world, are in Africa. So with such fast growth, you would expect to see the lights turn on pretty quick around africa, just like they did in india. But that is not the case. This is what happened. Only a few cities in countries like ethiopia, are significantly brighter in 2016, than they were in 2012. And one of the reasons why this is is because Africa is notorious for having poor infrastructure. Despite having some of the fastest growing economies in the world, the continent is still largely rural, with a very slow moving movement to modernize its infrastructure.
And one of the weirdest things about africa is actually on the west coast. When you take a look at the 2012 image, and compare it to the 2016 image, you see that the west coast didnt get any brighter or darker...but it seemed to have its lights shift from one place to another. And some of the new lights are actually brighter in the sea than they are on land. So why is this? Well its actually because the two countries that do this the most are angola and nigeria, two countries that are known for one thing. Oil. Those shifting lights are actually gas flares of newly commissioned oil rigs.
If we look at europe as a whole, we can see a few key things that might help us predict the future of european nations. The first thing you may notice is that there are significantly less lights in rural areas in 2016, compared to 4 years prior. Meaning that the continent went through a large urbanization period during those 4 years, as cities like london, and amsterdam amongst others, got significantly brighter during that time.
But you might has also noticed that some countries like spain and italy as a whole actually got darker, and this is due to two reasons. One of which was that these countries actually had their populations decrease during those four years, while also having some of the most anemic economic growth in the world.
Over the last 2 decades, China has begun shifting its economy away from a manufacturing based economy, to more of a consumer based economy. And because of that, a handful of Indo-China countries such as Thailand have apparently reaped the economic rewards of being handed substantially more manufacturing business from around the world.
CONTACT: For Collaboration Inquiries ONLY: jackchapplevideo@gmail.com
Podcast:The Next Global Superpowers Are Racing For Future World DominationJack Chapple2020-08-31 | When you think about the worlds superpowers, you probably think of countries like the United States and China. And that’s for a good reason, as these are ‘currently’ the two largest and most important economies in the world.
But that might not be for much longer. Because over the last 5 years, a handful of other lesser known countries, have quietly been working on world-changing projects in the background...that could catapult them to being the top economic superpower of the world.
During the 1700’s, the two largest economies in the world were that of China, and India. In fact, over half of the world economic output during this time, came from these two countries. And this was largely because the world economy at the time was still largely based around agriculture and raw resources...Which China and India were the dominant world players.
But then something changed. You see, as China and india continued to focus upon their wealthy agricultural economy...a small island country, called Great Britain, was innovating, and trying to create new technologies that could help the country prosper...not just for the next few years, but for the next century to come.
For example, China and India were the largest cotton manufacturers in the world in the 1700’s, But after great britain invented machine powered textiles factories, the productivity of one textile worker in Great britain became 500 times greater than a worker in China or India. Essentially, this one invention in great britain made a large portion of China and india’s economy, obsolete overnight.
And great britain didn’t stop their. They also invented the steam engine in the 1700’s, which was revolutionary for increasing productivity, building an advanced military, and helping invent new advanced machines.
Great britain also invented many other things during this time such as a significantly more efficient way to make metals, machine tools, large scale chemical production, and yes even very advanced agricultural tools.
Essentially, Great Britain, had used technological innovation to become the worlds one true superpower by the 1800’s. And because of their advances in technology during this time, Great Britain was pretty much able to do whatever they wanted...as their military technology was so advanced, that they ended conquering many regions around the world, on way to becoming the largest empire in history.
Now...the industrial revolution was the largest reason why Great Britain was able to build the largest empire the world has ever seen.
But to the surprise of many, that was not the only industrial revolution that would knock off the worlds top superpowers from their throne.
You see, the first industrial revolution was known for producing steam power and small machine tools.
But a second industrial revolution occurred between 1870 and 1914. And during this time, The unites states began rapidly adopting new technologies such as electricity, railroads, the telegraph, telephone, mass production of steel, petroleum,the combustion engine, and much more. And because the united states adopted these new technologies first, they had an early surge in productivity, and surpassed Great Britain as the worlds top economic superpower.
In fact, by 1900, the western world had become so much more technologically advanced than the rest of the world, that much smaller countries like Germany and France, had reached the same economic levels as the superpowers from 100 years earlier...which were China and India.
And this second industrial revolution, where America was the clear winner, was soon followed by the third industrial revolution. This was where we saw the invention of computers, software, automobiles, nuclear technology, and electronics.
And as you might have guessed, the United States, Japan, and the Soviet Union were the 3 countries that adopted these new technologies the fastest, and made them the global superpowers for much of the 20th century.
And so...that brings us to the moment we are living in today. Whether you know it or not, we are currently going through the fourth industrial revolution. And based on the previous history of the last several industrial revolutions, whatever country invents and adopts the newest and most powerful technologies first, will likely be able to be a superpower of the world for the next 50 to 100 years.
CONTACT: For Collaboration Inquiries ONLY: jackchapplevideo@gmail.com
Podcast:The Collapse of American Cities Has Started. And Yours Is NextJack Chapple2020-08-21 | This is the San Fransisco Bay Area. It has been one of the biggest economic HUB’s of the world for the last 50 years. In fact, if this region of just 18,000 square kilometres...were to be its own country...it would have the 19th largest economy in the world...ahead of countries like switzerland, taiwan, sweden, belgium, and the United Arab Emirates.
The bay area has been one of the fastest growing regions in the united states for nearly half a century...but then something changed
In fact, the Bay area, along with many other cities around the world, are going through drastic times that could spell the end of cities as we know them…
The year is 1957. A nobel prize winner named William shockley had recently moved to mountain view california and started a company called the ‘Shockley Semiconductor Company’. You see, he had come up with an idea to build transistors out of Silicon instead of Germanium, which was a revolutionary idea for at the time.
So, the Shockley semiconductor company began making the first modern day transistors that would go on to be used in every computer for the rest of the 20th century.
But there was some trouble. William Shockley rubbed a lot of his employees the wrong way... So 8 of his employees left the company, and went on to start their own semiconductor company in the area, called Fairchild Semiconductor...which was based around the same technology that william shockley invented.
For years afterwards, employees from Fairchild Semiconductor and Bell Labs, continued to innovate in northern california, by inventing the integrated circuit and eventually the microprocessor in 1964.
And it was after this invention that the world as we know it, and the bay area, would change forever.
After the invention of the microprocessor, Tech companies started popping up left and right, around the same area in Northern California.
For example, Intel and AMD were two of the first multi billionaire dollar tech companies to be founded in what is now known as silicon valley.
Then... two twenty something guys in the area named Steve Wozniak and Steve Jobs, heard about this new chip technology...and started to use these chips in something that they called the ‘Apple 1’.
And after their startup company called Apple, generated an IPO value of $1.3 Billion dollars, and after seeing the success of the now dozens of massive semiconductor companies in the Bay Area…
Venture capital and tech companies began spreading throughout the area in hopes that their startup tech adventure could become the next intel or Apple.
And what followed was one of the craziest economic experiments in history...as every city within silicon valley soon had multiple billion dollar tech companies calling their city, home.
For example, ORacle was founded in 1977 in Santa Clara, Seagate was founded in 1979 in Cupertino, Adobe was founded in 1982 in Mountain View, Autodesk was founded in 1982 in Mill Valley, Cisco was founded in San FRanscisco in 1984, Mcafee was founded in 1987 in Santa Clara, And dozens of other companies were founded in the late 70s and 80s that are currently worth billions of dollars to this day.
And keep in mind that these companies were all located within about 150 kilometres of eachother.
And the result of this economic and technological explosion in the area, would go on to change the city forever.
You see, as these startup companies like apple and cisco grew, they needed to hire more people and pay them well for their highly skilled labour.
So, the bay area in the 1980s saw a massive increase to its average income. But because of the rapid increase in income, and a lack of supply of things like residential housing and commercial spaces, the cost of living shot through the roof.
In fact from 1984 to 1990, the median housing cost increased by just under 150%... And this trend was far from over.
Because the 1990’s issued a new age of tech companies called ‘internet companies’
So in 1995, Ebay and craigslist were founded in the area, PAypal was founded in San Jose in 1998 Google was founded in 1998 in Menlo PArk, Facebook would begin its operations in menlo park in 2004, And a litany of others like tesla, UBer, and Twitter, have been founded in the area since then.
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Podcast:We Are In The Middle Of A Stock Market Bubble...And Just Dont Know ItJack Chapple2020-08-14 | 32.9 Percent...That was the contraction of the United States economy during the second quarter of 2020. That announcement combined with an unemployment rate of 11.1%, and the highest bankruptcy rate since the financial crisis, have caused the stock market to crash…or not. In fact, over the last 4 months, the stock market has actually had one of its best 4 month periods in history. You heard that right, during the worst economic crisis of our lifetime, the stock market has seen some of the most rapid gains in history.
Many people have attributed this strange behavior to special circumstances and a new kind of market and economy. Yet some people are saying something different.
In fact, there’s a small percentage of investors that have seen this strange pattern...a few times...before
For example, in the year 1993 a new technology called ‘web browsers’ started gaining popularity around the world. These web browsers, or more specifically the Mosaic web browser, allowed for the average computer user to connect to the internet in a simple and straightforward manor for the first time in human history.
And it was this technology that helped lead to the expansion of the internet and computers into the homes of the average person.
In fact from 1990 to 1997, the computer ownership rate more than doubled, from 15% to 35%, and from 1995 to 1999, the number of internet users grew from just 15 million to over 260 million.
Essentially investors could feel the wave of a new economy coming forward. I mean with upstart companies like Amazon selling books over the internet, and Ebay selling almost anything else, investors became extremely excited at the prospects of a new type of economy.
But also during this time, we saw one of the biggest cuts to interest rates in history. From 1989 to 1993, interest rates fell from 9.8 % to just 2.9%. All this meant was that investors could access capital much easier than they could’ve just 4 years prior.
And the last cherry on top was that there was a significant tax reform in the year 1997, which cut taxes on capital gains.
And it was these 3 factors that lead to one of the craziest periods that the stock market had ever seen.
You see, if you invest in the stock market, you can typically expect a 5 to 10% return per year. But if you were an average investor and started investing in the stock market in october of 1990. You would have seen on average... a return of about 39% per year for the next 10 years. But...if you were to have invested heavily in the tech sector with an index like the Nasdaq, you would have on average seen returns of 111.8% per year from 1990, up until the year 2000.
Meaning that if you were to have invested $100,000 into the tech sector in 1990, and simply held your investments for a decade, your portfolio would have been worth 1.1 Million dollars.
But the thing is that, this appreciation in the tech sector, and the stock market as a whole, wasn’t really because their was an influx of new companies that were raking in billions of dollars in profits. IT was mainly because there was an influx of investment capital from the excitement of a new economy, low interest rates, and tax cuts.
And one of the key metrics used to tell you how overvalued the stock market is, the P/E ratio. Essentially all this does is compare the price of a stock, to its earnings per share. Even though the value of a company is a lot more complex than a simple P/E ratio, this metric still is a good general indicator for determining if a stock is overvalued.
So in 1990, the average p/e ratio of the s and p 500 index was about 15, which has been close to the average p/e ratio for the past several decades.
But after the influx of new capital started flooding the stock market in the 1990’s, the average p/e ratio on the s and p 500 jumped up to just over 30.
All this meant was that the average company had doubled its value in relation to it earnings, from 1990 to the year 2000.
And during this time, it was common to hear stories through family and friends, and through the news, of people getting very interested in investing and even day trading to try and take advantage of these insane gains.
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Podcast:How CEO’s Are Making Billions by Making Their Own Companies Go BankruptJack Chapple2020-08-01 | This is the company of Whiting Petroleum. It is a hydrocarbon exploration company that was founded in Denver, Colorado in 1980. And over the last 40 years, the company has made its money through oil production, oil exploration, and real estate as well.
From the year 2005 up until the year 2015, the company was extremely successful as it made billions of dollars in profits before going through some financial troubles in 2015, and finally getting back on its financial feet in 2018.
But then something changed. When the Saudi-Russian Oil war started earlier this year, and when the lockdowns significantly cut global oil demand.... oil prices fell across the world, which in turn has made many large oil companies creep towards the brink of bankruptcy.
And because of this, the Whiting Petroleum company recently announced a 3 billion dollar loss thus far in 2020.
This 5 month downturn, combined with billions of dollars in debt that they have compiled over the years, has forced the company to declare chapter 11 bankruptcy.
Now chapter 11 bankruptcy is quite complex, but to summarize it generally involves courts, and banks renegotiating the terms of the companies debts. It may also involve forcing the company to layoff a large portion of its workforce, and/or selling off any assets to help the company survive.
Now you would expect that when a company goes bankrupt and might be forced to layoff many of its employees that make between $50,000 and $100,000 a year... that the company would pinch every penny in order to help keep the company alive. That way they could try to avoid essentially being bailed out by the banks and the public taxpayers.
But in the case of Whiting, The exact opposite thing happened. Because Its top executives were given bonuses of just under $3 million dollars each, right before the company declared bankruptcy.
Now, I am not someone who cares how much money someone makes. If executives deserve to make hundreds of millions of dollars a year, then thats fine by me. But when your company is on the brink of insolvency and is about to be bailed out by the banks and the government... AND when potentially over 100 of your employees are at risk of being laid off... then you probably shouldn’t be giving out millions of dollars in bonuses to the top executives. That money should be going towards things that could help keep the company alive.
Now, the counter argument is that companies want to try their best to keep the executives that know how to run the company. Because the alternative option which is, hiring new executives, could hurt the company, and prevent it from getting out of its poor economic situation in the shortest amount of time.
And the reason why they give out these bonuses right before the company goes bankrupt is because once bankruptcy is declared, the courts have more say into how much compensation an executive can receive, or if they should receive anything.
Essentially these bonuses are a way to circumvent bankruptcy laws, and prevent the company from losing its executives who in many cases were a part of the leadership that lead to the companies bankruptcy.
But the trouble is...is that this is just one example of companies that are going bankrupt while trying to hand out millions of dollars to their top executives right before declaring bankruptcy.
Extraction Oil and Gas for example, is dishing out just under $7 million dollars to its executives this month. Chesapeeke energy dished out $25 million. California resources restructured its compensation for its ceo, so he would receive double his annual salary and bonuses if he were to be let go.By the way he made 10.5 million last year alone.
And these examples of millions of dollars in bonuses being given out to executives at failing oil companies, don’t just apply to oil companies.
Macy’s rolled out $9 million to a handful of executives, despite laying off 3,900 employees. Neiman marcus who recently filed bankruptcy, wants to dish out $10 million to its top execs. JCpenney dished out $10 million dollars in bonuses, with half of that going to the CEO. And in fact, out of 45 of the largest companies that recently declared bankruptcy, roughly two-thirds of them paid out millions in additional executive bonuses within 6 months of their bankruptcy filing date.
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Podcast:How Greece Is Stopping Chinas Plan For World DominationJack Chapple2020-07-25 | Over the last 2 decades, China has been rapidly monopolizing every aspect of world trade. From buying out the worlds ports in almost every country on the planet, to being the worlds supplier of nearly 30% of the worlds goods, China has made itself the king of every aspect of World trade… Well that is except for one aspect. Shipping. you see, despite investing hundreds of billions of dollars into their shipping industry, China is still behind two much smaller nations in regards to its shipping power.
Japan by most metrics is the 2nd most powerful shipping nation in the world, while having a population 91% smaller than that of China’s. But this somewhat makes sense as Japan in popular culture has been known as the top shipbuilding nation in the world for the past 100 years.
However, the true shipping superpower of the world is actually the small Mediterranean nation of Greece. You see, greece has a population of just 10 million people, thats about half the population of the state of new york, or 30% less than the population of the los angeles metropolitan area.
Yet, despite having a population that is 140 times smaller than China, Greece has been the worlds shipping superpower for much of the past 50 years.
Meaning that if your country imports bulk resources like oil, metals, coal, or grain...Or if you have simply bought an item from overseas, then you have most likely relied upon a Greek ship at some point in recent memory.
But that brings up the question. How did such a small country become the dominant player in one of the worlds largest industries? And what does this mean for you, the economy, and the worlds superpowers going forward?
Well...if you were to take a look at a map of Greece, you would see one of the key reasons why Greece has been a key player in the worlds shipping industry for over 2000 years.
First of all, 80% of Greece is covered in mountains. And even though there are some benefits to having a mountainous country, one of the downsides is that it is tough to grow large quantities of food. So throughout history, the Greeks have turned to the sea in order to get fish, and turned to maritime trade in order to get food like wheat and resources like Gold.
Secondly, Greece is a nation with over 5000 islands, and hundreds of which are populated. Meaning that having an up to date shipping industry was vital to the island population centers.
And lastly, Greece is in a unique geographical position in the world. It is essentially in the middle of the Mediterranean sea, it is close to the suez Canal...which is one the most important trade routes in the world, and it also has a short land connection to some of the wealthiest european nations in the world. Meaning that Greece has been destined to be a maritime, and trading nation ever since it made its geographical boundaries.
However, in modern times, it wasn’t until about 80 years ago that Greece would truly begin to takeover the worlds shipping industry.
You see, in the early 1900’s, Greece was a top 10 shipping nation in the world, but it was far behind the more powerful countries like Great Britain, The United States, and Germany..
You see, after world war 2, where Greek ships played a key role in helping the allies win the war...Several Greek businessmen thought of an idea. What if they invested heavily in the shipyards of the nations that needed to be rebuilt from the war?
Well thats what Greek businessmen like Aristotle Onassis did. For example, Onassis in 1949 invested in West German shipyards, and placed 36 large ship orders during the next several years. He also invested heavily into Japanese and other south east asian countries as well. He also began to buy up ships that were being sold off by the united states after the war as well. And because of this, Aristotle Onassis would go on to become the largest private shipping fleet owner in the world.
But he wasn’t the only greek that had this strategy. Other Greek businessmen like Stavros Niarchos ended up doing the exact same thing. And that is why by the 1960’s, about a dozen Greek shipowners had the largest shipping fleet in the world. And they became known as the Golden Greeks.
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Podcast:The Next Economic Crisis Has Started: The Secret Stock Market BubbleJack Chapple2020-07-20 | This is was the average GDP growth of the global economy in 2019 (3.1%)
This is the GDP drop we saw during the financial crisis of 2008.
This is the GDP drop that we saw during the worst parts of great depression.
And THIS is what the economic darling of singapore had just gone through in the last 3 months alone.
A 41.2% drop in Gdp was the largest plunge of a major economy since…
The UK had a 19.1% GDP plunge that was reported just a few weeks ago.
And Canada having nearly a 19% plunge with that number expected to be even worse as more economic data is reported.
And those are just some of the countries that have reported some economic data in the last 3 months. Countries like the united states, haven’t reported their numbers recently.
But regardless, what has amazed me is that just 5 months ago, economists and investors were worried about if we would see a 1% growth rate in a quarter, versus a 1.2% growth rate in a quarter. And that small 0.2% difference in GDP would have a tangible effect on things like the stock market, interest rates, and real estate.
And yet, these 19 to 40% plunges that we are seeing are being completely written off by investors. I mean, since march 23rd, the stock market has risen by more than 44%.
So why is this all happening? And what will we see going forward? Well, this is what I like to call the economic waterfall.
You see. The economy is like a bunch of different ships that are floating along different points of a river. Meaning that not all aspects of the economy will reach the end of the river and go over the waterfall at the same time.
For example, the financial crisis of 2008 actually started in 2006. You see,2006 was actually when the real estate bubble began to burst. That is when we started seeing the rapid increase in mortgage delinquency rates, and foreclosures on homes.
However it wasn’t until mid 2007, that we started to see the first bankruptcies from the financial crisis.
And then finally in 2008 after years of poor economic indicators from the financial sector and the real estate market... we finally saw the stock market crater, and unemployment numbers skyrocket.
All this means is that certain parts of the economy reached the end of the river and fell over the waterfall at different times. And we are seeing something similar today, just at a much more rapid pace.
In March we began to see the slowdown in manufacturing, and the increase in unemployment.
In April and May we saw the top lines and bottom lines of businesses begin to be dramatically affected.
And in June and July, we have now started to see one of the worst economic indicators go off the waterfall, and that is bankruptcies.
You see, when businesses began to lose their revenue in April, we started seeing those same businesses burn through their savings, and simultaneously take out loans in order to get through these troubling times.
But after months of businesses like restaurants, hotels, and travel companies seeing their revenue being 30% or less of what it once was, we began to see many of these companies run out of money and declare bankruptcy.
And What’s frightening is how quicky these bankruptcies have been accumulating.
You see, In April of this year, bankruptcies were actually down by about 40% compared to average over the last several years. but now we have seen back to back months in May and June where their are 50% more bankruptcies than normal.
In fact, we have just started to see the very beginning of this bankruptcy surge, yet it is already the worst we have seen since the financial crisis.
So who is going bankrupt? Well here are some of the biggest name brands that you might know.
One of the largest Franchisee’s in the world...NPC international...who runs over 1200 pizza hut’s and 400 wendy’s...has recently filed for bankruptcy, citing that they have become unable to make payments on their $1 billion dollars worth of debt because of the loss of revenue from the lockdowns.
Hertz which is a car rental company that was once worth over $20 billion dollars, recently filed for bankruptcy with 25 billion dollars in assets.
Latam airlines is another multi billion dollar company that has declared bankruptcy.
There’s also, Neimann Marcus, which is actually owned by the canadian government, but that’s a whole different story.
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Podcast:China Is Buying Up The Worlds Ports...And No One Is Talking About ItJack Chapple2020-07-14 | This is the port of Long Beach California. It is the second largest Port in North America, Ahead of the 3rd largest Port of New York, and Behind the largest Port which is the port of los angeles. Roughly 16 million Tons of Cargo pass through this port each year and makes its way to warehouses, factories, and homes, within the United States. This single port which is just 13 square kilometres, is responsible for well over $100 Billion dollars worth of trade and employs over 340 000 people in southern california.
So, it is quite apparent that this port is one of the most vital parts of southern california’s economy. Yet..it is not owned by The town of long beach...California...or even the united states.
You see, in late 1980’s, The port of long beach was sold to a company called Orient Overseas International Limited, which was a company that was based out of hong kong. And at the time, Hong Kong was a British colony and a close economic partner with the United States, so the United States viewed this sale as a win-win, as The Hong-Kong based company would go on to invest billions of dollars, and expand the port on its own...while hundreds of thousands of jobs in southern california would be created from this investment.
And for roughly 3 decades, this was a fairly positive relationship between long beach, and the Hong Kong based company.
But then...in 2017 something happened that put an end to this positive relationship. In July of 2017, The Chinese State Run Company, Cosco, ended up purchasing a 75 percent stake the the Orient Overseas International Limited, and became the new owner of the Hong Kong based company, and therefore the owner of the Port of Long Beach.
Now, even though this probably didn’t make the news because shipping is not exactly the most interesting topic to bring up in the mainstream news...it was important enough for the Federal Government to take action.
You see, a state run Chinese company now owned the 3rd most important port in North America...meaning that the Chinese government had control over one of the key trading points and economic hubs of the United States.
And for the United States government, that was unacceptable citing national security risks. So that is why the government forced COSCO to sell off the port of long beach immediately to a non-Chinese state-run company. And in 2019, Australia’s Macquarie Group ended up buying Port for 1.8 Billion Dollars. So now technically the port of long beach is owned by a private australian company, which is viewed as a much safer owner in the eyes of the U.S government.
Now if this was just an isolated incident of China trying to buy up an important seaport, than it might be worth ending the video right here. But this is just one of Dozens of cases, where Chinese State run companies have tried buying out the most important ports in the world.
For example, in Hambantota, Sri Lanka there is a port that is in a strategic location just below one of China’s Rivals, India. So in 2017, China was able to buy out a controlling share in the port, largely because the government of Sri Lanka was in debt and needed foreign investment to save its economy.
In 2015, and 2016, Chinese investors bought out a controlling interest in Port Darwin, and a large share of the port of Melbourne.
They control the port of freeport in the Bahamas, just off of the coast of the United States.
And in fact, Chinese companies control ports in virtually every major country in the world, and in the countries where they dont, they typically have 49% ownership of some ports in the country...like in belgium, France, and the United States.
But here is what is what might be the most striking point of this video. All of these ports that are being bought up all over the world by China, have only occurred over the last 10 years.
Meaning that China went from having relatively no ownership of any ports before the year 2010, to becoming the largest owner of the worlds ports today.
So that brings up the question...why are they doing this, and what are the ramifications of China’s plan?
Well they are doing this because of something they have called the belt and road initiative. This was a plan announced by China in the early 2010’s, with the purpose of having a global development and investment strategy.
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Podcast:How Ireland Is Quickly Becoming The Richest Country In The WorldJack Chapple2020-06-25 | If you were to take a look at the wealthiest citizens in the world in the 1980’s, you would have seen the tax havens like Monaco, Switzerland and Luxemberg, at the top of the list, you would have seen economic powers like the united states and Germany at around 13-14th richest. And all the way down at number 28, past countries like Greenland, New Caledonia, and Andorra, would be the country of Ireland.
But today, That list looks a little bit different. As Ireland now has the 4th largest GDP per capita in the world, and of countries with over 3 million people, Ireland is the 2nd behind only Singapore.
But it wasn’t always like this, you see, Ireland just 100 years ago was considered by many to be a third world country.
In the 1920’s, greater than 90% of Irelands economy came from agriculture, and most of its working population was composed of poor farmers. And after Ireland gained its independence in 1922, it only had one trading partner, which was the U.K, and virtually all of Irelands exports were Beef and Dairy.
Now at this point, Ireland was falling behind the rest of the world in regards to its economy and technology. So it decided to try a new economic policy.
The Irish saw that during the great depression, the countries that were being hit the hardest were the ones with a free market. Meanwhile, countries under communism such as China, and the Soviet Union were actually experiencing economic and industrial growth during this time.
So…the statesman Eamon de Valera decided to take some of the ideas from the communist regimes. Ireland soon nationalized and monopolized a large portion of its economy, it banned most foreign investment, and put high tariffs on all goods from other countries.
These policies were supposed to make the country self sufficient, and help rapidly industrialize the nation. But that is not what happened.
You see, the first thing that happened after these economic policies were put in place was that the Irish began leaving the country at faster rates than they were before. In fact between 1840 and 1950, the population of Ireland went from 8 Million all the way down to 4 Million. Although the potato famine of 1845 played a role in that as well.
The second thing that happened was that the Irish policy makers ran into a problem. You see, in order for a country to become industrialized, they need all of the resources required to build things like factories, ports, and modern buildings. And for large countries with tons of resources like Russia and China, that was not much of a problem.
But for a country like Ireland which is 0.49% the size of Russia and 0.88% the size of China, this would prove to be troublesome for the small European nation. And even if Ireland were to be abundant in all required resources, it would have been very difficult to build an industry around each one of those resources because Ireland’s population small…and less than that of some cities like New York and London.
One interesting note is that because the Irish took some of the ideology from the west and some of the ideology from the east, it actually was one of the very few countries that stayed neutral during world war 2.
Anyways, over the next several decades, the nationalistic economic policies would prove to be disastrous for the Irish economy, as there was very little economic or industrial growth during that time compared to the rest of the European world.
So…as virtually all communist countries have done…they decided to change their economic policy.
In 1957, Ireland began accepting foreign investment, they slowly began opening up more to international trade, they started investing heavily into education, and they began selling off many of their state owned companies.
in 1973, Ireland joined what would become the European Union, and this was viewed as the beginning of Ireland becoming a modern economy.
However, things took a little bit of a turn.
You see, a combination of an oil crisis, uncontrolled government spending, Bank strikes, and extremely high taxes, upwards of 50% for the average person, led to one of Irelands worse economic downfalls in its history.
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Podcast:We Are Entering “The Lost Decade” - The Economic Collapse of the 2020’sJack Chapple2020-06-20 | Over the last few months, businesses have been put under extreme amounts of stress to say the very least.
The lockdowns have forced some businesses to completely shut down… and others to remain open, but with significantly less revenue.
This has caused many companies to take some financial actions that they would normally never take.
And that is why we are seeing the creation of a new economic crisis. A crisis that will affect millions of people around the world…and yet most people don’t even know what it is… (This is the Zombie Economy).
What country do you think had the wealthiest citizens in the year 1990? Was it a great Western Power Like the United States or the UK. Maybe it was a Nordic country like Norway or Sweden. Could it have possibly been the economic powers of the Germans or the French?
Well none of those are the right answer. The wealthiest people in the world out of all industrial nations in 1990 was actually the Japanese.
You see World War 2 decimated large parts of Japan, and took out and estimated 40% of its infrastructure. However, this devastation allowed Japan to rebuild their entire economy from scratch. They rapidly built modern factories throughout Japan, which gave them a massive advantage over other nations who’s factories were old and comparatively outdated.
The country also began to through an era that was called “the gifts from heaven”.
This is was an era in Japan where within the span of 3 years…all of the following things happened.
Japan became a democracy, Workers got labour rights, women got the right to vote, farmers were allowed to own their land, general society liberalized, and expansion of private businesses were allowed.
All of these reforms combined with other factors like extremely high productivity, led to Japan becoming an economic superpower where during parts of the 1980s, they had the second largest economy in the world behind the United States, and had they had the highest GNP per Capita out of all major industrial nations in the world.
But then…a major economic crisis would tear the economy of the country apart.
You see, in the 1980s, Japan made some financial reforms that seemed good at the time, but would end up creating their first modern financial crisis in the countries history.
In 1985, the Plaza Accord doubled the exchange rate value of the US dollar versus the Yen. They had strict tariffs that encouraged people to save money vs spend money. And lastly there was excessive loan growth quotas created by the Bank of Japan.
All of these factors led to a speculative asset bubble in Japans economy. In fact from 1985 to 1989, The Nikkei 225 which is the major Japanese stock market index…saw a 218% gain over that 4 year period. That was arguably the biggest bubble for a major economy in the history of the world.
And of-course…in 1989, that bubble began to burst and the stock market crashed. And it crashed so hard that to this day, the closing price of the Japanese stock Market has never surpassed the peak that it reached in 1989.
And this crash radiated throughout the japanese economy.Unemployment spiked, GDP growth went negative, and a ton of giant companies were left with tons of debt, and little to no revenue to pay back that debt.
And this was the creation of what became known as zombie companies.
What happened was that a large portion of japanese companies were loaded with debt and could not pay back their debt in full…but could pay back essentially the bare minimum to keep the company alive.
And what this meant was Japanese companies had to take on more debt or get bailed out by the Japanese government in order to get by.
But the trouble was, that even though many corporations got bailouts or took on additional loans…these companies were too debt ridden to survive in the long term.
So pretty much these companies were loaded with debt, and were already dead, but were acting as if they were alive. And that is why they were called zombie companies.
And the creation of these zombie companies were the largest contributing factor to Japans economic decline over the following decade. A decade that would become known as “the lost decade”.
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Podcast:The Shady Truth Behind The Unemployment CrisisJack Chapple2020-06-13 | We are living in a world where millions of people have lost their jobs… and we have seen the most rapid spike in unemployment in history. But some things have been going on during this time that many people might find a bit shady to say the least. This is the strange unemployment crisis.
In early February of this year, everything seemed relatively fine, as the unemployment rate was at a low 3.5%, and the biggest economic stories in the world at the time were some cancellations of flights to China, and a mild slowdown in the manufacturing sector of China.
But as we all know, things changed fairly rapidly. In late february, the stock market began to crater, and it had its worst week since the financial crisis of 2008.
China’s Manufacturing sector completely shutdown during that time, and in mid to late March, Lockdowns were imposed throughout the entire world.
All of these factors caused business closures, bankruptcies, and layoffs at a rate that the world had never seen before.
I mean, On March 1 of 2020, the unemployment rate in the United States was still at healthy 4%, but by late April, that number ballooned to a whopping 14.7%, a number that we hadn’t seen since the great Depression. And it was expected to get worse. Much worse. In fact the United States government was preparing for an unemployment rate of above 20% in May, but that is not what happened.
You see, unemployment actually dropped to 13.3% in May, which led many to believe that the re-opening of some businesses, many of which aren’t allowed to operate at full capacity, led to the drop in unemployment rate. But something seemed a little fishy about those numbers.
Because it was expected that we would reach a 20% unemployment rate at some point during this crisis, yet it was being reported that we didn’t come anywhere close to that mark. But as it turns out, we did…
So the very first thing that you should know is that the unemployment spike happened so fast, that the Labour Department had trouble keeping up with the influx of new unemployment data. So they ended up misclassifying millions of Americans in relation to their employment status.
The Labour Department ended up classifying millions of people as employed but not working’, when they should have been in the ‘temporary layoff’ category, and therefore, unemployed.
If the Labour Department were to have properly classified these individuals, than the unemployment rate in April would have been 19.7% in April, and 16.7% percent in May. Rates that are much closer to the expected 20% number.
But we are not done there. You see, what many people don’t know about the unemployment numbers, is who is actually considered unemployed.
You see, the unemployment rate is not a simple equation of the amount of adults that are unemployed within a population. It is much more complex, and I will explain some of the reasons why the unemployment rate is much higher than you think.
For example, did you know that if you are not looking to work, and are unemployed, than you are not counted as unemployed in the United States. And this somewhat makes sense because there are plenty of stay at home adults that are able to work, but are doing time consuming and important activities like raising children or caring for loved ones.
But what we saw in the last 2 months is an increase in the amount of people who are no longer looking to work, and therefore are no longer counted as unemployed.
We have also seen a massive reduction in the amount of work hours for individuals, and an increase in the amount of people goign from full-time work, to part time work.
So if you were to include those 2 factors into the reported unemployment rate, than the rate would be much closer to 22%.
Now, if you wanted to go one step further, we could talk about the real EMPLOYMENT rate. You see, what many people may not think about, is that majority of people in any country actually do not work. That is because when you include kids, elderly people, disabled people, and unemployed individuals… then currently there are only about 135 million people in the United States that are working… out of a population of nearly 330 Million.
Meaning that right now, only 40.9% of the population is actually employed, and currently working. Transcript too long for description.
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Podcast:The 150 Year Battle for the Worlds Most Important Trade RouteJack Chapple2020-06-10 | Over the last several thousand years, trade has been one of the biggest economic and geopolitcal drivers that has determined the power of nations.
And there is one specific example that comes to mind.
There is one trade route that has single handedly created economic booms, caused deep economic recessions, was a key player in several wars, and has constantly been fought over, for nearly 150 years.
This is the battle of the worlds most important trade route.
From the 16th century to the early 19th century, the British and the French had colonised many parts of africa, India, southeast asia, Oceania, and the America’s.
During this time, trade was essential for both sending supplies to build the colonies, and also for sending resources back to their mother countries.
But both countries ran into a little bit of a problem.
Fore Example, If Britain wanted to trade with india they would have one of two options.
The first of which is that they would need to travel from London, all the way around the most southern part of africa, before crossing the indian ocean and completing the 20 000 kilometre journey to india.
The second option is that they would travel from london, around portugal, through the mediteranean, Then transport the goods by land through egypt, before loading the goods back on ships in the red sea, and the finally crossing the indian ocean.
Needless to say, both of these options were extremely inefficient, but at the time, they were the best options available.
That was until the 1830s when French Explorer, Lilant de Bellefonds conducted a survey of land around the Isthmus of Suez, which is a 125 kilometre strip of land between the mediteranean sea, and the red sea. And what he found was that the mediteranean and red sea actually lied at the same altitude… meaning that theoretically, a canal with no locks could potentially be built connecting the two bodies of water.
In 1850, French Diplomat Ferdinand de Lesseps was givern permission from the egyptian government to create a company that would be responsible for constructing the canal, and operate it for 99 years. The company raised money from a range of French, British, Egyptian, and american investors. And on April 25 1859, work on the Suez Canal began.
It took 1.5 million labourers, 100 million dollars, and 10 years to complete the project. But nonetheless on November 17, 1869, the Canal was opened under french control. Celebreations began with fireworks, a banquet, high end yachts, and world leaders all contributing to the inauguration of the canal. And this was the first time in history where ships travelled between the mediteranean sea and the red sea, without having to travel around the bottom of africa.
And this was revolutionary, as cargo ships, naval ships, and just about any sea kind of baring vessel could now cut over 8000 kilometres, and several weeks off of its travel time between europe, africa, and asia. This is when the Suez Canal became the most important trade route in the world because all of a sudden, the 3 most populated continents on the planet at the time had one single efficient trade route between one another.
And the effects of the Canal were seen almost immediatly as trade between continents increased fairly rapidly over the next several years.
But this economic effect wasn’t positive for all nations. You see, The British empire had colinized most of southern africa and its surrounding islands. These colonies economies were largely dependant upon ships that would stop at their ports, store some of their goods in british warehouses, and inject some money at local shops.
But once the Suez Canal opened, these ships stopped showing up, and the most impacted colony at the time might have been the british island of saint helena. In 1855, the island of Saint Helena saw 1,100 cargo ships stop at its ports. and Just a few decades later, only 288 ships passed through Saint Helena’s ports.
This massive reduction of ships passing through britains south african colonies helped cause one of the worst economic declines in Britains history.
This was called the Panic of 1873, and in Britain this caused a recession that lasted 6 years. In fact, this 6 year period is the longest contraction of an economy in history… even longer than the great depression of the 1930’s.
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Podcast:The Incoming Currency Crisis is Starting: Be PreparedJack Chapple2020-06-01 | The world is going through some unprecedented economic times where we are seeing a manufacturing slowdown, business closures, and an unemployment crisis.
BUT hidden in the shadows is another massive economic problem. A problem that hasn’t been seen in nearly 100 years, and has been known to cause the downward spiral of some of the most powerful economies in history.
If you wanted to buy something like bread, what would you do? Well these days, you would probably just go to your local grocery store, pick out some bread, and pay with your card, cash, or phone.
But buying bread wasn’t always this simple.
A few thousand years ago, if you wanted to buy something like grain, you would have to give up something in return like sheep. This was called the barter system and it is how humans used to trade goods before the invention of currency.
But this led to a deep economic inefficiency. What if the person with grain did not want any sheep? Even though to most people, the grain and sheep have equal value, if the grain owner did not want any sheep, then the trade would not happen.
Problems like this are why ancient civilizations in Egypt, Babylon, India, and China came up with a game-changing idea that the world still uses today. They began using clay tokens that could be redeemed at local warehouses for a select amount of items. Meaning that these clay tokens had value that could be traded at markets instead of having to use the barter system.
This was the invention of modern day currency.
But with the invention of currency came a new kind of crisis that the world had never seen before.
The Roman Empire in the 3rd Century AD had the worlds most advanced banking system that relied heavily upon its currency and coinage. But then a familiar series of events led to the destruction of its financial system.
The first of which was that the Mediterranean began running out of silver, which was an important resource to the roman economy, and was what roman currency was dependant upon. The Second was economic growth of the empire had slowed down for several decades. And Third was that the empire began producing more coins, and making more of its own currency, in order to try and help with its state finances.
The trouble was that once they started overproducing coins, they began to devalue their own currency. So by about 284 AD, the roman empire was going through the first episode of what we know today as hyperinflation.
This hyperinflation caused a dramatic decrease in the value of roman currency, it increased the price of all goods within the roman empire on nearly a daily basis, and also brought a large portion of the middle class into poverty.
This hyperinflation, economic decline, as well as several wars, became known as the crisis of the third century… which is viewed by many historians as the beginning of the fall of the roman empire.
Now, remember, the overproduction of roman currency to combat state spending was one of the largest contributors as to why the empire fell.
So that brings us to today. We are currently facing a crisis in which governments around world are printing trillions of dollars in order to help combat the effects of the lockdowns. Now many people have feared that this overproduction of currency will lead to high inflation or even hyperinflation, which would likely catapult the middle class of many countries around the world into poverty.
However, despite most countries around the world overprinting their own currency, we actually haven’t seen any inflation at all…as of right now.
In the early 1930’s during the worst parts of the great depression, most people would have expected to see some sort of high inflation or hyperinflation which is what typically occurs during bad economic times. But what we actually saw was the exact opposite. During the great depression we saw an example of what is called Deflation.
In fact, some countries around the world are going through a currency problem which might actually be worse.
For anyone who wants to make a reaction video, go for it! Just don't re-upload the entire video without a reaction
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Podcast:This Crisis Is Creating Something Shady In the Stock MarketJack Chapple2020-05-22 | The Unemployment Rate is at the highest level since the great depression, Businesses are closing at rates that we have never seen in history, And the world economy has seemingly hit its biggest road block since the great depression.
But there are some strange things that have been going on during all of this turmoil. For example, Real Estate Prices have actually stayed the same or even gone up for most areas in the united states.
Another thing is that the number of bankruptcies in most countries have actually decreased over the last few months. And ofcourse, the stock market has actually risen by over 30% since March 23.
So how can all of this be possible. In a time when most indicators are showing we are in the worst economy in nearly a century…we are also seeing a relatively healthy stock market and real estate market.
Well…some of the reasons why this is happening, might be a lot more scary than you think.
The first thing that may have partially mitigated a worldwide collapse, is the debt that governments around the world have been taking out and giving to its citizens.
In fact, governments have taken out nearly $16 trillion dollars of debt in the last few months. And just some perspective is that an average year will see $7 trillion dollars of debt taken out worldwide. Meaning that the world is compiling debt at a rate that is nearly 10 times higher than normal.
And this means two things. The first of which is that this debt will provide a temporary stimulus for the economy for several months to upwards of a year.
But the second thing that will come from this debt is much more negative. You see, at some point, governments will have to pay back this debt. And this will come in the form of tax revenue. Meaning that a large portion of tax revenues for the next several decades will likely go towards paying back this 3 month period where debt was compiled at extremely high levels.
But debt is not just being taken out by Governments, its being taken out by businesses and individuals.
Household debt in the United States is now at record high of 14.6 trillion dollars. A recent report showed that in early march, nearly 43% of United States Adults had some sort of credit card debt, but now that number has jumped to 47% which is one of the largest spikes in history. 23% of credit card debtors surveyed by creditcards.com said that their credit card debt is a direct result of the pandemic. Millennials have been hit the hardest, where 34% of millennials had to go into further credit card debt because of the pandemic.
So what this means is that debt seems to be arguably the biggest factor as to why many markets around the world have not collapsed.
So for now, this debt has provided some relief, and helped prevent a much worse downturn in some areas like the stock market and real estate. But this debt burden will likely hurt the global economy for years, or even decades to come.
Another thing that has been happening is that central banks have been printing money at rates that we have never seen before. Pretty much what central banks like the federal reserve have been doing is that they have increased the money supply in the economy. The way that they do this is a little bit complicated, but to summarize, essentially 3.5 trillion dollars has been added to the economy to help deal with debt, to help give out loans to businesses in need, and to give cash reserves to the big banks. The economist Tim Duy said that if these measures were not taken by the central banks in the last few months, ‘the system already would have blown up. And the markets would have crash 10 times over’.
Now what does this have to do with the stock market? Well, first of all, sometimes crashes take time. In September of 2008, it felt like the entire global economy crashed within the span of 2 weeks, but in reality, it took 517 days to reach the bottom of financial crisis. And during that time, their were many weeks or even months where the markets performed fairly well.
So it is possible that the recession that we are going through today, might reach its worst point in well over a year, especially if the debt market collapses, or if the economic recovery is slower than people think.
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Podcast:The Insane Trillion Dollar Industries: Colonialism & SpaceJack Chapple2020-05-20 | Throughout human history, there have been many empires that have seemingly conquered the world. Some have done it through peaceful means. While others have done it through war. Some have done it through technology. And others have done it through exploration.
Regardless, each one of these empires was able to become the most powerful civilization in the world by spreading their influence throughout the entire human population.
But now we are entering a new age of empires…that the world has never seen before.
An era of unbound potential and possibilities where we might be seeing a new kind of empire being built… in a brand new economic, technological, and political frontier.
What would you do if your population was rapidly growing and you were running out of land for people to live on?
What would you do if wanted your country to become wealthy beyond its wildest dreams?
And lastly, what would you do if you wanted your country to be known as the most innovative and culturally superior people of your time?
Well these are the questions that European nations in the 15th Century were asking themselves.
And there was one single answer to all of these questions. And that, was the age of discovery.
In the early 15th century, The portugese began sending ships along the african coast and into the atlantic for 3 reasons. The first was to take control of the african coast for militaristic purposes. The second was to find better trade routes and resources, and the third was to spread christianity.
They ended up Discovering the Atlantic islands of Madeira and the Azores in 1420, and 1427 respectively. They discovered that Wheat and Sugarcane were easy to grow on these islands, and these islands ended up making portugal significantly wealthier, while helping feed its citizens.
Despite discovering these islands in the middle of the atlantic, the portugese, and all european nations had no idea what existed past Cape Bojador, which is northwestern Africa. In fact, there was a fear that anything past Cape Bojador was the end of the world and wouldn’t allow for any explorers to return. So exploration past northwest Africa Did not occur until 1434 around the time of the invention of the new ship technology, called the Caravel.
This led to a dramatic increase in exploration where the Portugese found and settled in many parts of Africa such as Ghana, the Gulf of Guinea, Sierra Leone, Mozambique, and Mombasa…while also settling in part of india, southern asiai, and Brazil.
The addition of these lands to the portugese empire ended up giving portgual a dramatic increase in trade and resources, which made the country go through an economic boom.
During this time, other european nations began to notice the success of the portugese empire. So the other european nations began exploring as well, in hopes of increasing their wealth, and military power, while spreading their culture.
The Spanish settled in the Canary islands in 1436, then conquered the Caribbean in 1502, Panama in 1513, Mexico in 1519, Peru in 1531, Most other south american coutnries by 1582, And Florida and Texas by 1622. This led to an economic boom for the spanish where they gain access to many valuable resources such as gold and spices.
The british in the 17th Century captured Jamaica, the Bahamas, Bermuda, Barbados, Maryland, Rhode Island, Conneticut, Caronlina, and New York were all settled by the british between 1624 and 1663. And eventually by 1913 The British empire would expand to Canada, Australia, India, East and South Africa, Parts of east Asia, New Zealand, Several South American Countries, and much more. The British Empire had 23% of the worlds population under its ruling, while having control of over 25% of the land on earth,
This rapid colonization of the world led to the saying “The Empire on which the sun never sets” meaning that the empire was so big that the sun was always shining on atleast one of its territories at all times.
And this led to an unprecedented power imbalance in the world where 25% of the worlds GDP in 1870 came from the British, meanwhile other empires such as the United States only had 9% of the worlds GDP. Too long for youtube, end of transcript.
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Podcast:Countries Are Building Economic Empires by Controlling the Worlds Water SupplyJack Chapple2020-05-08 | What factor do you think contributes the most to the rise and fall of civilizations? Is it war? the economy? Maybe its disease? Well, those are all wrong.
The largest contributing factor that has determined which countries are superpowers, and which countries fade into darkness, is the access to Water.
And this is something that most people may not think about, as nowadays…you simply turn on a tap, and water comes out. But how it gets to your tap in the first place, is one of the best indicators in determining the success of a country. And in fact, we might be seeing the creation of some water empires, right before our very eyes.
Why are cities located where they are? Some factors that determined where people settled in the past were things like access to trade routes, nearby valuable resources, and the fertility of the land.
But by far the biggest factor was the proximity of the city to a freshwater source. That is why today roughly 90% of the worlds population lives within 10 kilometres of a freshwater source. Even if many of those water sources are running dry. But we will get to that in a second.
Right now the 18 largest cities in Europe are located on or near a major water source.
And this same pattern has been shown throughout most of history.
For example, Uruk was a city located in present day Iraq. In 3500 BC, it was the largest city in the world with 40 000 inhabitants. And for thousands of years, it was an economic and cultural powerhouse of the world. That was until its key water source, the Euphrates river, began to shift. Around 100 AD the river began to flow away from Uruk, and by 700AD, the river had moved so far away… that the once massive city… was completely abandoned. Ironically, the remains of the city, are now located right next to the new Euphrates river, which supplies many cities in modern day Iraq with freshwater.
And a similar story can be told for the once great Mayan empire. From the year 200AD to 900AD. The Mayans had built up a sprawling civilization that had 40 cities, and reached a population of about 2 million people. But then, the Yucatan penninsula, which is where the Mayans were located, went through a series of droughts. Many historians believe that these droughts were the largest reason why the Mayan empire collapsed, and left behind ancient cities, temples, and wonders.
And lastly, it is theorized that a lack of water supply contributed to the downfall of other civilizations. like the Khmer empire in the 1400’s… the Ancient Egyptians around 30 BCE… Parts of europe in the 1500’s… and the megadrought that occurred nearly 100 000 years ago which forced humans to migrate out of africa, and settle in Europe and Asia.
What I am trying to say is that a lack of freshwater supply tends to be correlated with the rise and fall of civilizations.
But then a strange thing happened. Once the technology of human civilization advanced, we began creating new ways to access fresh water. The most important one today is ground water. You see, when you look at the earth, roughly 97% of the water is salt water which is undrinkable for humans. Roughly 2% of the earths water is frozen in ice. And only 1% of the water on earth is freshwater that humans find useful. But even that is a misleading number. Because only 30% of the freshwater on earth is located on the surface with things like lakes and rivers. 70% of the freshwater on earth is actually located underground, which is called ground water.
But humans for millennia did not have the technology to extract large quantities of water from the ground. Even though small wells were used to extract groundwater, back in 8000 BC, the population was still largely reliant upon being close to a river or lake.
But that was then, and this is now. In the world today, there are 34 countries and territories, without any rivers. The most notable on this list is Saudi Arabia.
In fact, if you were to look at Saudia Arabia using satellite imagery, you will see that there are no major sources of freshwater at all, as most of the country seems to be covered in mountains, dunes, and deserts. And the same can be said for other countries like Yemen, Libya, The United Arab Emirates, and Qatar.
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Podcast:Canada is Quietly Building The Trading Empire Of The WorldJack Chapple2020-04-22 | We live in a world where globalization and trade have become one of the most vital aspects in determining the power of a country’s economy.
In fact, the process of getting goods from point A to point B might be one of the most important economic drivers in the world, yet no one talks about it. And somehow…quietly in the background, We might be seeing the creation of the most powerful trading economy in the world…but not for the reasons that you might think.
If you want to ship an item from a manufacturing hub like China, to a consumer hub in a Place like New York…how would you do it?
Well you could just send the package on a direct flight and it’ll get their in roughly 15 hours. But this is extremely costly. It actually costs anywhere from 5 to 15 times more to ship by air than to ship by the most common shipping method… by sea.
So, we are probably going to need to use a sea freighter. Now how would you deliver the package? Well you could drop the package off at long beach, and use a rail or truck to move the item to new york, but again, that is usually more costly.
Now we are in a predicament. In order to get an Item from China, all the way to new york, a ship would need cross the pacific ocean, travel all the way around the bottom of south america, make its way through the atlantic ocean, before reaching its destination after travelling 30,000 kilometres.
And this is a problem that was faced for hundreds of years. For example, when countries like Great Britain wanted to trade with the west coast of the united states or south america. Virtually all ships would’ve needed to travel around the bottom of south america in order to deliver their goods.
That was until the early 1900’s when the United States decided to buy up an 82 kilometre long plot of land in Panama. You see, the united states saw that this was the smallest amount of land that separated the Atlantic Ocean from the Pacific Ocean. So they thought this land could be used for both trade and military purposes. So, they purchased this plot for roughly $40 million dollars, or roughly $916 million dollars today.
They then created an artificial lake, and dug trenches from this new artificial lake(gatun lake) to both the pacific and atlantic oceans.
And finally on August 15th, 1914, the Panama Canal was opened. And the first american ship to ever travel directly from the atlantic ocean to the pacific ocean, without going around south america, had passed through the Canal. It was a cargo ship called SS Ancon, and was largely responsible for shipping cement from New York, to Panama in order to help build the Canal’s infrastructure.
And this opening of the Panama Canal would go on to change the world in many ways. For example, in 2019 nearly 1 million ships passed through this Canal, which indirectly resulted in trillions of dollars worth of commerce. The Canal also generated roughly 2.6 Billion dollars worth of fees for granting access of use of the Canal, so the Canal itself is a pretty decent money maker itself as well.
But this Canal also has limits, for example, no ships longer than 1200ft or wider than 168ft can actually pass through the Canal, as the waterway is simply not large enough to allow bigger ships through. So that is why today, you see most cargo ships being built with the exact dimensions needed to fit in the Panama Canal.
Another more unforeseen effect that this Canal had was that it wreaked havoc on some south American countries like Chile. This was because the ships that once had to stop at multiple port cities along the Chilean coast, all of a sudden stopped coming by. This was a large contributing factor to an economic collapse in Chile, which saw its state income and international trade cut in half within 2 years. Way too long. End of transcript
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Podcast:Theres A Battle Going On Between The Economic Superpowers Of The WorldJack Chapple2020-04-16 | When you think of the fastest growing economies in the world you might think of a country like China, because they have been growing at a high rate of roughly 6 to 7% per year for the past several years, and have become an economic superpower. But…China is actually not even in the top 20 fastest growing economies on the planet. In fact, when you take a look at the 50 fastest growing economies on the planet, roughly 38% of them come from one single continent. A continent that is quickly becoming the economic battleground of the world.
This is Africa.
In 2002, the GDP per capita of Sub-Saharan Africa was a paltry $588. Yet by 2019, the GDP per capita had grown to well over $1600. That is a 272% increase in the wealth of the Continent in less than 2 decades. This massive increase in wealth has brought many of Africa’s countries like Nigeria, Botswana, and Ghana out of relative poverty, and into the middle-income class of the world.
But that brings up the question, what has brought Africa’s economy out of poverty? Or maybe more importantly, who has brought Africa’s economy out of poverty.
You see, Africa has been the most underdeveloped continent over the last several centuries as It has historically had a poor infrastructure that has drastically limited its economic development. For example, the united states has a surface area of 9.8 million kilometres squared, and the continent of Africa has a surface area of roughly 30.4 million km squared.
Yet the United States has over 108 thousand kilometres of highways constructed within the country, and africa has only 60 000 kilometres of highways constructed for the entire continent.
In fact, to this day there are still no paved highways that travel through anywhere in Central Africa.
And the transportation network has been just one of a litany of infrastructure flaws in Africa. The continent has also historically had problems with electricity availability, internet access, and water shortages as well.
But…things started to change just a few decades ago.
As China began transforming itself from a poor farming nation in the 1970’s, to an economic powerhouse, it slowly started gaining large amounts of influence in Africa. IT did this by increasing foreign aid to african countries, increasing trade with many african countries, and by investing billions of dollars per year in African infrastructure projects.
For example, Africa’s main railways in Kenya, Ethiopia, Angola, Djibouti, and Nigeria are all funded by China.
China has also funded The African Union Headquarters, The West African Block Headquarters, Several major power plants, oil refineries, hydropower plants, Zimbabwe’s new parliment building…and… a private chinese developer is funding the development of an entire city in egypt.
But that brings up the question. Why is China investing so much money in Africa? Well there are a few key reasons. One of which is that China has now become Africa’s largest trading partner, trading nearly $128 billion dollars worth of goods every year, meanwhile the United States only trades roughly $48 billion dollars worth of goods with africa every year. What this means is that Africa has resources that China wants. For example, about one third of all the oil used in China comes from Africa.
Another reason why China has pumped so much money into Africa is because return on African investments has been fairly good. For example, from 2006 to 2011, the average return on African investments for China was a hefty 11% per year. In fact, roughly 15% of all african debt is owned by the Chinese government, and two thirds of all loans given to african nations in the past 3 years have come from China.
China has also begun shifting a lot of its labor industries to other countries that have cheaper labor. And the continent with the cheapest labor in the world right now is Africa. That is why many Chinese manufacturers have shifted their base to countries in Africa such as Ethiopia. It is estimated that roughly 12 percent of Africa’s manufacturing production today is being run by Chinese companies. End of transcript too long for youtube.
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Podcast:Theres A Crisis That Is Quietly Creating New Economic Superpowers...Jack Chapple2020-04-11 | As China begins to reopen its factories and return back to work, what they are returning to will not be the same…
Despite China being the worlds economic darling for the last 40 years, the balance of the worlds economic power has begun to shift to some places that you might not expect.
In fact, we are already starting to see some signs of other nations around the world, rising up in order to take away some of China’s manufacturing prowess away from them.
And who knows, we might be witnessing the creation of the next generation of economic superpowers, right infront of our very eyes.
But the reason that this is happening is a little complex. it started a few decades ago in 1970’s China when the country began shifting its economic policy away from communism, and more towards capitalism.
They soon began building specific economic zones where massive ports and factories could be built that would maximize productivity and efficiency. And once these economic zones were opened up to foreign trade and investment, China’s economy began exploding.
In the 1980’s many fortune 500 companies began having their products manufactured in China because China could make their products with a similar quality, but for a substantially lower price than if they were manufactured in the west.
And this was because of the extremely low wages that Chinese workers made, combined with other factors like tax laws and import/export efficiencies.
So all of a sudden, if a competitor chose to manufacture their products outside of China, they simply could not compete on price, which would likely have made them go out of business.
And because of this, by the 2010’s, one third of all products on the planet were manufactured in China.
Within the span of 50 years, China has turned itself around from an impoverished nation of farmers, to a nation that has the second largest economy in the world, behind the United States.
But a few strange things began happening in the past few years.
Here’s a question…what happens when a country who builds its economy based upon low labor costs, all of a sudden becomes succesful and wealthy?
In 1990, the average yearly wage from a Chinese worker was about $150 USD. By 2005, it was $2800 Dollars. In 2015, it was $8900. And as of this year, the average Chinese worker will make around $13 500 dollars.
That is a massive increase that has seen the average wage of a manufacturing worker increase by over 8500% over the last 30 years.
And what this means is that the cost of making products in China has become a lot more expensive than it used to be. Companies can’t make products for an 80% discount in China, like they used to. And because of this, we actually began to see a decline in Manufacturing in China in 2016, where for the first time in the countries modern history, their manufacturing output actually decreased by 2% during that year.
But that was just the first factor coming into play. after 2016, China once again saw modest increases in manufacturing output, until the United States imposed tariffs on imports from China. this caused a decrease in Chinese imports to the US by 7% in 2019, and forced many companies to begin looking for product sourcing in other countries.
And if that wasn’t enough, privacy concerns and tensions between China and the Western world have been on the rise ever since the country began taking over part of the worlds tech sector.
Ever since then, governments around the world have been actively trying to push Chinese technology out of their countries, while also incentivizing businesses to make their products domestically instead of China.
In fact, just last week, the departments of justice in the United States have requested that the FCC terminate China’s Telecom Authorization in the United States, citing it as a national security risk.
And all of these things, from rising labor costs, to geopolitical issues, have led us to today…and the pandemic.
You see, even though China-sourced manufacturing has been slowing down over the past decade, the country still remains the largest manufacturer in the world.
india economy. China economy. Vietnam economy. Mexico Economy. United States Economy.
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Podcast:A Bigger Crisis Is On The Horizon, And It Will Last For DecadesJack Chapple2020-04-06 | As the news talks about enforcing mandatory lockdowns, and handing out money to citizens…
There has been a problem that has been rapidly expanding in the background of all of this news.
…And It is a problem that the world has never really seen before.
In fact… it might create a crisis that won’t just be felt in the next week, the next month, or even the next year...
but it might be felt for several decades to come…
During World War 2, Britain was in the thick of war against the axis powers. However, Britain ran into a roadblock…they were quickly running out of money.
So, they began looking to borrow money from both their own future taxpayers, as well as the United States & Canada. In 1941 Britain began accepting loans and taking on debt to fund the war… and by 1945 Britain had taken on nearly $10 Billion dollars worth of debt from its creditors.
At this point in time, Britains debt to GDP ratio was a whopping 200% meaning that the country had twice as much debt, as its entire market value of all its goods and services it produces over an entire year.
And just some perspective for you, is that the World Bank states that once a country reaches above 77% debt to GDP ratio, its economy will begin to slow down from such a large portion of its revenue going towards paying down its debt.
Anyways, after the war ended, Britain had amassed a debt that was so large, that they couldn’t pay it back in 1 year, 5 years, 10 years, or even 20 years. On December 29, 2006, Britain made its last repayment on its World War 2 debt to The United States and Canada.
This means that British taxpayers from 1945, up until 2006 had a small portion of their tax bill every year, go towards the Debt that the country accumulated in the 1940’s.
And for about a decade after the war, Britains economy was drastically hindered, in part due to their outstanding debt that they incurred. However, their economy eventually recovered thanks to an influx of taxpayers, called the baby boomers, as well as some economic reforms and infrastructure investments.
But a lot of the times when a country accrues as much debt as britain did, they are not so lucky.
In 2001 Argentina’s debt to GDP ratio reached a high of 166%, which caused the country to default on over $100 Billion dollars worth of debt. This default made capital move out of the country, and soon the nation saw millions of people enter poverty while unemployment reached a high of 19%. And to this day, Argentina hasn’t fully recovered from its debt crisis that it went through nearly 20 years ago.
And similar stories can be said for Greece in 2012, Zimbabwe in 2006, Venezuala in 2017, and Russia in 1998.
The point I am trying to make here is that even though debt can be a good thing to take on… in order to solve today’s serious problems…it will almost always have serious long-term consequences that could last for years or even decades.
So now, lets bring this back to the United States. So whether you know it or not, America essentially runs on debt. Historically, America’s economy has been so big, and has grown so fast, that taking out tens of billions of debt here or there hasn’t really been much of a big deal because it was such a small percentage of the countries overall Economy. For example In 2006, The United States had a relatively healthy Debt to GDP ratio of about 60%. But then…the financial crisis hit. During the financial crisis, the United states began scrambling for ways to pump money back into the economy… so it began taking out hundreds of billions of dollars worth of debt.
And some people might think that The United States, along with every other country that took out debt to get through the financial crisis, has paid off some of their debt since 2008. But actually, the opposite of that is true. You see, since the financial crisis, many developed countries throughout the world have been accruing more and more debt every year, while economic growth has slowed. This means that many countries may actually find it more difficult to pay off their debt now, than they did during the financial crisis.
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Podcast:People Are Becoming Millionaires During This Economic Collapse…Here’s HowJack Chapple2020-04-03 | During this economic collapse we have seen people lose their businesses, their life savings, and their jobs.
In fact, since the collapse started, searches for unemployment applications on google have increased by roughly 4700%.
And just last week alone, 6.65 Million people in the United States filed for unemployment. That’s about 2% of the entire population. And to put that in perspective, only about 155 million people in the united states are in the workforce…meaning that last week alone will hike the unemployment rate by about 4.2%. This means that we have likely already surpassed the unemployment levels of the worst parts of the 2008 Financial Crisis.
Yet, despite all of this doom and gloom, there have been some people that have been able to take advantage of this situation. In fact, many Millionaires, Multimillionaires, and even billionaires might be being created right before our very eyes. So who are these people? And could you do anything right now to help bolster your financial future? Well lets start off by asking ourselves, why do some businesses go through a boom during a crisis.
A perfect example of this is Mcdonalds during the financial Crisis. In 2008 and 2009, as businesses were collapsing, unemployment was nearing 10%, and millions of people were losing their jobs…Mcdonalds actually saw an increase in revenue and profits by about 4.5% per year. So why did this happen? Well think about it.
When millions of people have their incomes drastically reduced, they look for ways to cut costs in order to survive. One of which is food. And in 2008, Mcdonalds had a pretty long list of items on its dollar menu. Meaning that it was cheaper in many cases for a family to go and buy food from mcdonalds for a few dollars, than it was to get fresh food from a grocery store. This is one example of a business that was in the right place at the right time while going through a recession.
But today is a completely different economy than it was 12 years ago. In 2008, only about 22% of the world were regularly on the internet, meanwhile, about 60% of people today are regularly on the internet.
And the results of this have been staggering. A recent Nielsen report showed that streaming on these platforms has spike by over 22% since the lockdowns were implemented. And that’s one of the reasons why creators like myself and many other influencers, have actually seen substantial increases in viewership, subscriber counts, and revenue during this time…as opposed to many other businesses that are seeing decreases across the board. In fact, there are some genres of online content creation that are seeing 50, 100, or even up to a 500% increase in revenue since the lockdowns. Those are videos that have to do with at home meditation, cooking, home workouts, and DIY videos. Largely things relating to stuff people can do at home.
And depending on the creator, this might mean an extra few hundred dollars a month, to tens of thousands of dollars in additional revenue per month. And out of all the industries I mention in this video, I can guarantee you that this crisis will create more wealth in the social media space, than it will in most other industries.
And whats crazy is that there has been such an influx of online viewership, that the largest online video companies like Amazon, Youtube, Netflix, and Disney, have all agreed to reduce the bitrates on their platforms, in order to make sure that their websites and applications dont slowdown or crash. This has led to an explosion of online industries like E-Commerce and Social Media. And that brings us to the first business that has been going through a boom recently. Online Content Creators.
Because of the global lockdowns, more people are being forced to stay home and try to entertain themselves. So, many of these people are turning to platforms like netflix, Disney Plus, Youtube, and other streaming services in order to kill the time. Transcript too long. End here.
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Podcast:The Pandemic That Is Destroying Civilization Is Here...AgainJack Chapple2020-03-31 | There is a global pandemic spreading throughout the world, there is one of the worst recessions in generations, and there is a panic radiating throughout society…
no, i’m not talking about the year 2020. I am talking about 1918… and 1788…and actually…a whole litany of other years throughout history where the world has gone through a similar ordeal.
You see sometimes, the best way to predict the future is to look to the past. Because some of the solutions and outcomes for what we are going through today, might be based on what humanity has done throughout antiquity.
One thing that you aren’t being told right now… is that even though what we are going through today might feel unprecedented… it has actually happened many times throughout history.
For example have you ever thought about how we know how to deal with a disease outbreak? How did we learn how to respond to a pandemic?
Well the earliest recorded pandemic took place before the invention of the internet, before the discovery of electricity, before the completion of great wall of china, and even before the construction of the colosseum.
Before all of those things, there was a historical event called the plague of athens. Back in 430 BC, The ancient Greeks were arguably the most advanced civilization in the world and were going their own golden age.
During this golden age, they invented things like Democracy, Plumbing, Central Heating, and Advanced Construction Cranes.
Using these cranes, they would go on to make 5 of the 7 ancient wonders of the world in…The Temple of Artemis, The Statue of Zeus, The Mausoleum at Halicarnassus, The Colossus of Rhodes, and the Lighthouse of Alexandria.
They were truly one of the most innovative and powerful civilizations in history
…yet they would soon be faced with a new challenge. Despite all of the progress the Greeks made towards science, one thing they were not prepared for was a pandemic. At the time, there was a deadly illness that was making its was through Egypt and Libya, and had finally reached Greece.
Within a year, 25% of the city Athens, died of the disease. It eventually went on to kill 100 000 people, or about 20% of the Ancient greek population at the time.
Imagine that. if 20% of a country in the modern world were to be wiped out within a year from one infectious disease. that would be the equivalent of 70 million people in the united states dying in one year…or almost 191 000 people per day.
Now, as a result of this ancient plague, the Greek citizens entered state of hysteria where most of the population no longer obeyed the law because they feared that they were all living with a death sentence anyways. So they also began spending all of their life savings without much care of what their financial future may hold.
Greece’s Health, Society, and Economy, began to break down from this new pandemic.
And even though this would go down as one of the worst disease outbreaks in history, There were 2 massive positives that came from it.
One of which was that it was the first time where the details of a pandemic were recorded and analyzed.
The second positive was that it was also the first time where a human came up with the idea that diseases could spread from one infected person to another.
This was because the Greek Historian Thucydides noticed that the People who became sick were the ones who were close to others who were already sick.
So he was the first person that thought that proximity to a diseased person had a direct impact on the transmission of a disease.
And this is an idea that we are using to combat the current global pandemic today. Does “social distancing” sound familiar to you? Now it is being recommended by the WHO to stay atleast 3 to 6 feet away from anyone you may encounter in a social or public setting.
Well that is a 2400 year-old idea that originated from the mind of Thucydides during the plague of athens, and was the first step towards us learning how to respond to an outbreak of a disease
This insight would go onto to indirectly spark ideas that would save billions of lives in the future. But humanity was still quite a ways away from knowing how to deal with a pandemic. Too long for description...End of Transcript
Business Documentary Pandemic History History Documentary
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Podcast:There Is Something Weird Going On In The World Right Now…Jack Chapple2020-03-26 | We are currently going through some tough times, with a new disease spreading throughout the world and the economy seemingly going through its worst period since the great depression. But, There has been a few strange things that have been happening in the background of all this chaos.
That is because as we have seen throughout history, strange things tend to happen during desperate times.
For example, After World War 2, Tensions were high between the United States and The Soviet Union. Both superpowers began jockeying for position to see who would become the worlds one true superpower.
And this threat of war caused some of the greatest technological advancements in history.
You see, both the USSR and the United States had ballistic missiles that would launch, stay within earths atmosphere, and then eventually hit their target from hundreds of kilometres away.
But the distance between Moscow, and Washington D.C was 7800km. So if these superpowers wanted to be able to hit eachother with a nuclear strike, they would need a new piece of technology.
That is when the USSR developed the first intercontinental ballistic missile, or ICBM in 1957. It was the first missile capable of entering sub-orbital space, and hitting a target on the other side of the planet.
But almost by accident, the USSR had developed something else. In an effort to ensure the safety of its country, theSoviets developed ICBM's...and inadvertently built the technology that connected human civilization with space.
Within months after their first ICBM test in 1957, the USSR used the same ICBM to launch the first satellite into Space…they called it Sputnik.
Now, today we view sputnik today as a technological masterpiece. But during its time, it was viewed as one of the scariest things in history to the western world. In fact, after the Soviets launched sputnik…it created a worldwide panic called ‘The Sputnik Crisis’ where the public experienced fear and anxiety over the technological gap between the west, and the USSR.
The United States viewed Sputnik as a serious threat to National Security. So president Eisenhower said the The United States will respond with “Resourcefulness and Vigor”.
The president was then able to get enough public support to create two Agencies. NASA, and DARPA…
He was also able to dramatically increase spending on Education and Research and Development.
Over the course of the next decade, the USSR and United States would keep trying to one up eachother. This was the called ‘Space Race’.
And this space race led to innovations that would reshape our entire world. For example, DARPA created the internet as a way of sending information from one point to another in a safe a secure manner during the cold war. Computers became significantly more advanced during that time. It also created spinoffs of other technologies like GPS, Cat Scans, Athletic Shoes, Water Purification, Artificial Limbs, and many more.
You see, a perceived national security threat in the 1950’s from both the USSR and The United States ended up catalyzing the creation of new technologies that would create a better world for the future.
And that might be one of the things that we are seeing today, even though it might be happening in the background. You see, Vaccines normally take about 4 years to develop from the time scientists start experimenting with new vaccine ideas, to the time where the vaccine is approved for the public.
But this time is different. The entire world views this new virus as a threat, just like how most people in the world felt during the cold war. So more funding and public support is now going towards biotechnology research, in hopes of neutralizing the threat. And well, here’s what we are seeing so far. Throughout history, vaccines have worked by injecting weakened or killed versions of a virus, into the person getting the vaccine. But that process was going to take too long this time around.
So, around the world, researches have begun experimenting with new ways to create vaccines that might be 5, 10, or even 20 times faster than before. End of Transcript: Too long.
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Podcast:The Crisis Going On Right Now, That You Are Not Being Told About...Jack Chapple2020-03-23 | We have seen a lot of crazy things in the last few weeks… like a worldwide quarantine, a complete shutdown of the worlds economy, and the fastest stock market plunge in history.
And despite how shocking those things have been, there is one part of this crisis that hasn’t really been talked about by anyone…yet would likely be the number one story in the world during any other time in history…
The United States, Saudi Arabia, Russia, Iraq, Iran, China, and Canada. What do these countries have in common? Well, not much actually. Except that these countries are the worlds largest oil producers.
And as you may know, Oil has historically been a hot commodity that can single handedly determine if a country or state is going to be rich or poor.
Lets take norway for example. Norway has the 6 highest GDP per capita in the world, it is the 2nd wealthiest country in terms of monetary value, it consistently ranks in the top 3 in the world in regards to standard of living, and has the second largest capital reserve in the world as well. So it is quick easy to say that Norway is very rich. But it wasn’t always like this. In the 1950s, Norway was largely a fishing and agricultural nation, and wasn’t anywhere near as wealthy as it is today. But then in the late 1960’s Norway struck oil in the North Sea. They ended up discovering one of the largest oil reserves in the world, and soon began extracting it through a state run company called statoil. The companies purpose was to sell the oil to other countries, and then use those profits to invest back into Norway, its citizens, and a state wealth fund.
And over the course of the next several decades after the oil discovery, norway would surpass the likes Canada, Germany, and even the United States in terms of average wealth of its citizens.
And this example of how oil can rapidly increase the wealth of a country, can be applied to virtually every other country that discovers vast quantities of oil within their borders.
However, there is a difference between how countries handle their new found oil winnings. Norway is the best example of how oil can provide both short term and long term wealth for its citizens. But there are some examples of countries mismanaging their new found oil.
Lets take for example, Venezuala who has the largest proven oil reserve in the world. They were a fairly well-off developing nation in the 2000’s, but they built their economy entirely on oil, without a reserve fund or diversification plan like norway. So when the price of oil dropped by 68% over the course of 72 weeks between 2014 and 2016, that sent Venezuala’s economy into a downward spiral.
And I want you to remember those numbers I just mentioned. A 68% drop over 72 weeks.
Now lets bring that back to today.
You see, about 3 months ago, I was at the gas station and my fill up was around $80, or about $1.32/litre. But then about a week ago, I went to that very same gas station and the cost to fill up was around $48, or about $0.75/litre.
And that is when I knew that something nearly unprecedented had happened to the worlds economy.
You see, over the course of the last 12 weeks, the price of has dropped by 68%. That is the same price drop that caused Venezuala’s economy to enter a crisis. But the only difference is that this drop took 12 weeks, meanwhile the previous drop was over 72 weeks.
This means that we are going through arguably the sharpest decline of an energy commodity in history. Yet, because of the current news cycle, its not being brought up with the frequency that it should be.
So, how did this drop happen? Well it was a two pronged attack. The first of which was the demand for oil began to dry up when the worldwide lockdowns started happening. Think about this. roughly 2 thirds of all oil that is extracted from the ground goes into transportation vehicles such as cars, boats, trucks and planes. But now, there has been over a 90 percent reduction in overall travel since the outbreak, Meaning that people aren’t filling up their cars at the gas station as much, and the same applies to boats, trucks, and planes. And as we all know from basic economics, as soon as the demand for a product drops off a cliff. Transcript too long. Ending here.
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Podcast:Trillions of Dollars Have Vanished and No One Is Talking About ItJack Chapple2020-03-20 | This is a chart of the unemployment rate throughout modern history.
Here is the average unemployment rate…at about 4.5%
Here is the unemployment rate after the dot-com burst and 9/11, at about 6%.
Here is the unemployment rate during the financial crisis of 2008…at about 10%.
And here is what Treasury Secretary, Steve Mnuchin said could happen to The unemployment rate at some point this year. It is reported that the senate and US lawmakers were warned of a 20% unemployment rate could be coming in the near future.
This would be the highest unemployment rate since the worst parts of the great depression.
And if you don’t believe me… well, we are already seeing signs of this. Unemployment websites for the state of ohio, New York, New Jersey, and Washington D.C have all crashed this week.
And in Ohio specifically, the received 36, 645 unemployment claims on monday. That is typically what they would receive during an entire month.
And the results were similar pennyslyvania where 50 000 people made unemployment claims. And Minneosota had 31 000 claims.
In fact, The American Hotel & Lodging Association has already reported that 4 million jobs in travel related industries have already been lost in the last month, or are on the verge of being lost in the next few weeks unless there is drastic change. That would almost double the current unemployment rate by itself. And it is also being reported that nearly 50% of all hotels in the United States could face closures by the end of this year alone.
Lastly, several respected economic institutes have reported that it is likely 3-4 million jobs will be lost in the next several months, which would be on pace with the worst months of the great depression.
The economic trajectory of the global economy might be the worst it has ever been in history. And to prevent this, governments all around the world have been firing off every possible economic policy that they can think of, in order to create economic stability. And thus far, nothing has worked.
For Example,
When the Federal reserve reduced interest rates to 0%… the very next day was one of the worst trading days in the history of the stock market. Another Example is that The United States government announced an $850 billion dollar stimulus package to the economy… yet the market cratered another 9%.
And Finally, The Big Banks have received 2 Trillion dollars worth of loans from the federal reserve in the last 7 days, in an attempt to stabilize the market. Yet, market volatility actually increased and is at a higher level than it was during the financial crisis of 2008.
So far, the Global economy has taken between 25 and 40 trillion dollars worth of losses since february. Think about that. 40 trillion dollars has just vanished and this is not even being talked about by most people.
It seems that everyday, we are waking up to trillion dollar losses in the economy, yet no one is mentioning the potential repercussions that this will bring to the lives of the average person. And some of these repercussions might actually be quite surprising. Let me explain.
During the great Depression, Worldwide GDP fell by more than 15%, Unemployment shot up to over 20%, and global production of virtually everything fell by more than 50%.
And because of this, the world became poor. All of a sudden, a family that was living pay check to pay check in the middle class…struggled to be able to purchase food. You saw many people lose their jobs and lifesavings which caused a doubling of the suicide rate during this period. And you also saw infants and children weighing significantly less than normal, which caused some long term negative health effects such as much higher blood glucose levels, and a much higher risk of obesity by about 50% when these children grew up.
Overall, the quality of life for the average person around the world dropped off a cliff during this time. But a strange thing happened. Despite all of the negative consequences that came with the horrible economy…life expectancy and overall health actually increased. Here’s why.
End of transcript. too long for description. What do you all think of the stock market right now? Are you guys investing right now? Don't want to invest?
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Podcast:The Worst Economic Collapse In History Is Starting Now: Be PreparedJack Chapple2020-03-16 | The worst economic collapse in history is on its way. Be Prepared
This is a chart of the 2008 Financial Crisis. Over the course of 517 days, The stock market dropped by more than 56%, millions of people lost their jobs… their homes… and their life savings. It was the worst time for the global economy since the great depression.
And this is the 2020 Economic Collapse…so far… Over the course of just 21 days, the market has dropped by roughly 20%, the world has seemingly shut down, and we just might be on the worst economic trajectory in history.
So how did we get here…and what could we expect going forward. Well lets start off with the first part.
The first thing is that…as most of you know, there is a global illness going around that many people are worried about. And from my previous videos, you might know that my position on this is that if you get the disease, you will almost certainly be fine.
But it is disproportionately bad for the elderly, and those with underlying health conditions such as myself. So its good to be cautious on a social level, but also there isn’t need for you to panic on an individual level.
Initially when the disease had its first outbreak in China, it caused the Chinese Government to shutdown its manufacturing sector in order to help prevent the spread of the virus. Now, that wouldn’t be a problem…if 1/3 of all products in the world weren’t made in China. You see, China is the global supply chain of the world, so when China experiences delays in production, the entire worlds economy experiences delays as well.
Now I made a whole video on why this is…. which you can check out on my channel… but I won’t dive into that in detail here…
So, because of this supply chain slowdown, we have seen many large companies experience a slowdown in their sales and revenue. And this makes sense, because if you don’t have your product to sell, then you can’t make any money.
And here’s an example. The car industry is very dependant on tools, die, and machinery in order to manufacture their cars. But each on of these industries is experiencing 1 to 3 month delays because of the shutdown of the manufacturing sector. This means that car companies will not be able to launch their new annual vehicles on time, therefore missing out on billions of dollars worth of sales.
And also, because people are being asked to stay inside, be cautious, and work from home if possible, we have seen up to an 80% drop in automotive sales in some countries like china.
And this effect keeps trickling down. If the Car companies are seeing a drop in sales and revenue, then so will its suppliers. And if the suppliers see a drop in revenue, so will the raw industries that work with suppliers. And this effect radiates to all other companies that are connected to the automotive industry.
And what happens when a company sees a drop in sales or revenue? Well, we tend to see things like layoffs, or even bankruptcies. This would lead to a higher unemployment rate which would lead to less purchases being made by consumers, which would lead to less sales being made by businesses. And the cycle continues until the economy hits a low point like the great recession or the great depression.
And keep in mind, this is just the automotive industry. This drop in sales will apply to virtually every other industry in the world…except the toilet paper industry because that’s actually manufactured in a bunch of different countries around the world…yet sales have increased for some companies like KP tissue by almost 50%. So…there is no toilet paper shortage everyone…just a bunch of hoarders buying 100 rolls at a time. Transcript out of room in description.
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Podcast:How The Coronavirus Crushed China’s Economy and Slowed Down The WorldJack Chapple2020-03-09 | Canada, Italy, and Brazil. What do these countries have in common? All of these countries had a substantially bigger economy than China just 40 years ago.
That might seem like a crazy statement today, especially considering that China has been the investing and economic darling of the world over the last several decades. But something happened recently that brought China’s economy to a standstill. The Coronavirus.
The outbreak of this disease has slowed down the manufacturing HUB of the world to the point where many other countries are seeing, drug, food, and retail shortages. But this is a problem unique to China. because if this outbreak were to have occurred in any other country, we would not have seen a global impact on the scale anywhere that we are seeing today. ..
During the thick of the industrial revolution in the early 1800’s, European and North American countries were going through a technological and economic boom. But what most people do not know is that during this time, China had by far the largest and most powerful economy in the world. In fact, China’s economy was larger than all european and north american countries combined.
This was for a few key reasons. One of which was that in the previous centuries, China focused on becoming the largest agricultural producer in the world. They began producing an abundance of a wide variety of food, while having a near monopoly on the production of salt. This allowed for China’s population to increase from 150 million to 400 million within one century. So by 1820, one third of the world lived in China. But, the Chinese empire began to crumble. As the rest of the world was focusing on a new economy, technologies and globalization, China was still focused on agriculture, commodities, and domestic trade.
And this came to a head in 1840 when steam-powered british ships arrived at the coast of China. This was the start of the opium war where 20 000 British troops with advanced technology faced off against 100 000 chinese troops. The war lasted 3 years, and this was the beginning of the end of the chinese empire. China was forced to give up key ports and cities around the country to the newly advanced western powers of the world. They were also forced to sign unequal treaties with the west, which crippled the chinese economy and forced them to pay reparations for war.
This was known as the century of humiliation for China. Where they went from being the economic powerhouse of the world, to an impoverished country that gave up substantial territory to Britain, Russia, Germany, and Japan.
in 1920, China seeked-out some assistance in order to help the country rebound from its humiliation. So it sought the help of Lenin and the Soviet Union. Over the next several decades, Wars, soviet influence, several power vacuums, and a new leader named Chairman Mao…led China towards a new form of economic policy called communism. Up until 1978, Communism was the main economic model of China. But the government new it was not working.
the GDP per capita was $156 and growing at a mere 2.9%, which meant that the average person in china was living in extreme poverty, and the future didn’t look so bright.
So, the country decided to try an old system. Something that they hadn’t tried in nearly 100 years, since the days of their global domination. That system was capitalism.
But China didn’t go full capitalism right away. They started off by de-collectivizing the agricultural sector. Then they began opening themselves up to foreign investors, and granted a few cities the permission to allow private small businesses. However, the vast majority of the chinese economy was still run by the state.
And after seeing the success of what capitalism and privatization did for them in the first few years of this new economic model, they released the purr strings on the economy and lifted price controls, began de-regulating virtually every industry, and allowed nearly any citizen to start their own business if they wanted to.
End of transcript (too long for youtube description)
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Podcast:Your Answer To This Question Will Change Your LifeJack Chapple2020-03-05 | 1 out of 3… Those are the odds of you being born in a country where you would not have a good enough internet connection to watch this video in 240p.
If you are age 44 and above, you have currently lived a longer life than most humans have throughout history.
and if you are under the age of about 15, you are apart of a generation who’s entire life is archived on the internet and stored on servers as 1’s and 0’s.
Society has come a long way in the past 100 years or so…especially considering that exactly one century ago, the newest high-end innovation of society was the toaster, which cost roughly $97 USD after adjusting for inflation.
…but are we lucky to be living in this time period? …”Are you a lucky person?” and the way you answer that question might have a much bigger effect on your life than you may think.
When you think of luck, you might think of something like rolling dice. If you were to roll a 7 at the perfect moment when you needed to roll a 7, you might consider that to be luck. But based on probability theory you actually had a 16% chance of rolling a 7. Something that would seem luckier and a lot more improbable is rolling a 7, 7 times in a row. The chances of that happening are roughly 0.00035722449%. Meaning that if you were run an experiment where you rolled a pair of dice 7 times in a row, then repeated that over and over again. You would have to run the experiment roughly 300 000 times before you rolled a 7, 7 times in a row. And by the way, this happened in real life a few weeks ago when my girlfriend massacred me in settlers of catan. And I am still bitter about it.
But is this really luck? Theoretically, If you were to calculate the properties and position of the dice, the air resistance and the tables properties at the exact moment that you release the dice, than you could predict the outcome of the dice roll with 100% accuracy before the dice hit the table. Because at the end of the day, rolling dice is just a cause and effect physics experiment.
And this cause and effect relationship part of something that is called determinism. You see determinism is the view that everything that has ever happened in the universe is caused by a previous event. So the dice landing as a 7 was caused by you throwing the dice. You throwing the dice at the exact moment you did was caused by your motor neurons firing, telling you fingers to move. Your motor neurons fired because the neurons in your pre-frontal cortex chose to throw the dice instead of doing something else. And the neurons in your pre-frontal cortex made this choice because of the previous memories that have been stored in the hippocampus.
so the point of determinism of Hard Determinism in this case is saying is that every single movement, choice, and thought you have ever had is actually pre-determined by the events that came before it. So the reason that you are watching this video is not because you chose to watch it, but more because all of the events in your life previous to watching this video, have led you towards watching this video.
And if you were to take the belief of determinism all the way back, to before the earth was formed, to before the birth of stars, all the way back to the beginning of the big bang… Then we get an interesting thought. If we were to calculate all of the energy, matter, and spacetime properties of our universe….at the moment of the big bang…than we could theoretically have predicted every single event that would happen throughout the history of the universe.
But this also means that you are lucky. Think about this. about 13.8 billion years ago, the universe began expanding and creating things like hydrogen, helium, and lithium that and began spreading them throughout the entire universe. Then about a million years later, stars and galaxies began to form. Then these stars began exploding into supernova and then being created over and over again up until 9 billion years later when one supernova explosion ended up creating the earth. Then, the first single cell form of life arose on the earth, which later became multicellular life, which became complex life, and after a few billion years of global disasters, wars, and famine, you were finally created because a sperm cell hit and egg at the exact microsecond that it did. End of Transcript (too Long)
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Podcast:Slack: How a Failed MMORPG turned into a $12 Billion Dollar CompanyJack Chapple2020-01-21 | Slack: How a Failed MMORPG turned into a $12 Billion Dollar Company
If you are work at a tech company, or in modern corporate office, then there is a good chance that you use Slack.
Slack today is a cloud-based instant messaging platform that allows companies to essentially have their own private communication network.
In these chatrooms people can do anything from sending content, links, and files… to talking smack about their boss. In a sense, Slack is a much more efficient, faster, and more organized version…of company emails.
And because of it rapid growth over the last 7 years, Slack is now valued at about $12.7 billion dollars today on the New York Stock Exchange.
But…Slack was never supposed to be an instant messaging platform. In fact, Slacks main product was created by accident and was a byproduct of what Slack used to be…a video game company.
This is the story of slack.
Stewart Butterfield was working in the tech sector in the year 2000 when he decided to quit his job, and raise $50 000 to start a company called gradfinder.com.
The purpose of the company was to help users find other people who graduated from their college or high school. It was actually similar to what facebooks original idea was. But after about 6 months, Stewart Butterfield ended up selling the company and ended up taking home somewhere around $50 000-$100 000.
Now, 50k-100k is a good chunk of change, in fact, it was good enough for Stewart to take some time off to think about his next project. So after meeting with a few of his friends, they decided they wanted to make a video game company together.
But not a normal video game. You see, at the time in 2002, virtually every video game involved some sort of combat. Whether it was casting spells in elder scrolls morrowind, running over people in cars in grand theft auto, or hitting people with swords in the legend of zelda windwaker.
So, making a game that relied more on creativity rather than combat was a requirement.
They also wanted to make a game that people could play online and co-operate with eachother. And at this time, this was a relatively new idea. I mean massive multiplayer online games like World of warcraft were still a couple years away from being released.
So, the team got together, made a prototype. And even though most people were uninterested in this type of game, there were a group of die hard fans that thoroughly enjoyed.
So, the team decided that the positive reception from their die hard fans, was enough to pursue the project full-time.
Stewart began trying to raise money for the online game, but this was 2002. A year when no venture capital firms were interested in video game companies, and most were still weary of investing in the tech sector at all because of the dot com crash.
After pitching the game to investors and having zero success, the team decided to fund the game themselves and with about $100 000 dollars of money from friends and family.
After about a year, the game, which they had ironically called… game neverending…. was not even close to being finished. And after burning through most of their funds, the team needed a new idea to help fund their game.
The idea was to build a company that could potentially sell for about a million dollars within 2 years, then use that money to help finish their game.
So, they brainstormed some ideas. One of their ideas was to take a part of their video game that was responsible for a lot of the social interaction, and put that into its own website. This was the part of the game that was responsible for uploading photos, creating annotations, having user chat, and more! (end of partial transcript due to character limit)
Podcast:The 10 Ways BUSINESSES Use PSYCHOLOGY to TRICK YOU: How To Sell AnythingJack Chapple2019-12-30 | How Businesses use Psychology in order to trick you. The 10 Ways BUSINESSES Use PSYCHOLOGY to TRICK YOU: How To Sell Anything.
I want you to think about the last 10 purchases you have made. Did you order some household items online? Did you go to a store and buy some clothes? How about stopping by a gas station to fill up your car? Did you stop to get some fast food along the way?
Whether you know it or not, nearly every purchase you have ever made in your life is influenced by psychological and other environmental factors that you may not be aware of. And in this video, we will uncover every single trick that is used, in order to get you to buy a product or service.
Ever since the dawn of commerce 150 000 years ago, humans have been making exchanges for goods and services. Initially, transactions were based on a barter system, where individuals would trade goods and services for other goods and services.
As Civilization grew, so did the evolution of commerce and trading. In 2700 BCE, Ancient Egyptians were trading livestock on levels that were unparalleled to the rest of the world. And as the trading of livestock in ancient egypt grew, so did the frequency of stolen livestock.
That’s when the Egyptians came up with a way to differentiate one persons livestock from another, and identify if someone stole their goods. The egyptians began branding their livestock with unique symbols in order for their goods to stand out amongst all other similar goods.
And this was the birth of branding, the first psychological trick that businesses still use today, in order to get you to buy their product.
Why is nike worth $124 billion today? Is it because they make the highest quality shoes? Probably not. I mean, Zion Williamson might agree with that. Is it because they are cheaper or more comfortable than the other shoes on the market? That’s probably not the case either. What makes Nike worth $128 Billion dollars, is its branding. And this could be applied to most other clothing or shoe brands in world too.
When you buy a pair of nike’s, you are mainly buying it for the design of the shoe, the swoosh on the side, and the meaning behind the swoosh. These are truly the only unique identifiers of the shoe, and these are also known as the nike brand. You see, when people think of nike, they think Michael Jordan and basketball, Tiger Woods and Golf, Roger Federer and Tennis, Ronaldo and Soccer… or pretty much any NFL athlete. That’s because ever since the customer was a kid, they have seen tons of nike advertisements with these athletes and seen them on TV wearing the Nike Brand. This makes the Nike brand linked hand and hand with well-known world-class athletes, in the minds of the public.
So when a young adult goes to buy a pair of new athletic shoes, they will want to try on the ones with the world-class athlete that they know and admire, first. Because they want to be like them, they want to feel a deeper connection to their shoes. They want to feel apart of something that is bigger than themselves. They want to be apart of the nike brand… And this is why branding is so important.
Branding is a unique psychological trick that creates a lasting impression in the minds of all of its customers.
But not all purchases rely on branding. And their is actually a larger psychological factor, in determining whether a person will be a lifelong customer from a business or not.
I mean, when you go buy some groceries, do you really care about the branding of 90% of what you buy? Yet, you probably buy the same brands over and over again.
So, why do customers stick to some brands, even they don’t have a known message like Nike.
Lets take an example of 3 different unknown chocolate brands. You decide to purchase 1 box of chocolates from one of these brands… at random for $20. You go home, and decide to share some of these chocolates with your new girlfriend or boyfriend. You both enjoy the chocolates and have a great night together.
This simple act will likely make you a customer for life with this one chocolate brand. That is because your brain will now associate these chocolates with a positive experience you had with your partner... Ran out of room for the transcript. Youtube has a 5000 character limit.
Podcast:The Financial Advisor Scam EXPOSED: How They Take 100k+ Away From You!Jack Chapple2019-12-23 | Hey everyone In this video I talk about financial advisors and expose the truth about how they really make money and how it affects your investment portfolio.
I give you guys a breakdown of the 2% and 20% rules that financial advisors use to manage your money. They essentially invest generically in the stock market, get a 6% return, and keep 2% OF THE ENTIRE PORTFOLIO to themselves.
This means two things. One is that they will significantly lower your portfolio's worth over time. A 2% fee can cost you hundreds of thousands of dollars over 30 years.
The second thing is that the advisors might be sales oriented. Because they care more about assets under management than actual return on investment.
Podcast:Inside a $1.1 Million Dollar MANSION in Kitchener Waterloo (ft. Matt Rooney)Jack Chapple2019-12-20 | Hey Everyone! In this video, I get to give you a million dollar house tour! I collaborated with one of the top real estates in Kitchener Waterloo, Matt Rooney, in order to bring you inside one of the most expensive listings in all of Kitchener Waterloo.
So, i've been pretty up to date on the real estate market in Kitchener Waterloo for a few years now. And at any one point in time, there are usually only about 25 to 40, $1 million dollar homes available in the entire city of Kitchener. And I was lucky enough to get a look inside one of these houses while interviewing the listing agent Matt Rooney.
In this video, we go through the house, taking a tour of the massive 3785 sqft (5700 with basement) house. This house features 6 + 1 bedrooms, 4.5 Bathrooms, a walkout basement, a wrap around deck, and much more!
I then interview matt and talk about his experience as a real estate agent in the Kitchener Waterloo region. I ask him about what it was like getting his first clients, why he got into real estate, and what he thinks about social media playing a role in the Real Estate game.
Podcast:Investing for Beginners: The Power of AppreciationJack Chapple2019-12-19 | Hey everyone! in this video of Investing for Beginners (Investing 101): The Power of Appreciation, I cover one of the fundamentals of investing. Appreciation.
Appreciation is essentially the increase in value of an asset or investment over time.
I cover a few specific examples of how appreciation in real estate can drastically affect your net worth and wealth over time.
The example I use in this video is that of a 30 year old working adult who lives in a city. I compare their net worth over time with 3 case studies.
1. The adult rents for most of their lives and never invests into real estate (or stocks) 2. The adult buys a house in a rough neighbourhood where appreciation is relatively stagnate 3. The adult buys a house in an upcoming neighbourhood with good appreciation
The effect speaks for itself as case 3 will likely become a millionaire. Case 2 will likely be middle class and somewhat well off. And Case 1 might be struggling and paycheque to paycheque.
Appreciation is one of the investment principles of the super rich as well. So it is important to understand.
Podcast:The Holy Grail of Investing - From a Billionaire Stock Market InvestorJack Chapple2019-12-18 | In this video I cover the holy grail of stock market investing. This was a simplified video of Ray Dalio's explanation of his billionaire investing strategy.
This video is mainly about diversification in the stock market with correlation of industries. The examples I give are how banks are tied to real estate companies. So if one of those were to fail, the other would suffer as well. BUT real estate companies are not tied to space companies. So if the real estate market plummeted, the space industry would not be affected.
Now, Ray dalio still looks at companies that are high return, ad low risk, but he also looks at the rest of his portfolio and compares his new investment to the portfolio, and sees if it has any correlation to his other investments.
This is the holy grail of investing. High return investments, with low risk, and low correlation to the rest of your investments.
Podcast:Investing Principles of the Super Rich - The Power of DepreciationJack Chapple2019-12-17 | In this video, i cover an investing principle of the super rich, the power of depreciation. Depreciation is a reduction in the value of an asset with the passage of time, due in particular to wear and tear. It sounds bad, but it can actually be really good.
Every single big real estate investor, big business, factory, office, etc. uses depreciation in a way to help them save money and grow their business in a dramatic fashion.
That’s because in investing, depreciation is a tax write-off that can help significantly reduce your tax bill in order to give you a lot more after-tax cash.
Every industry and country has a different depreciation standard rate. So in Canada, our depreciation (Capital Cost Allowance) is 4% for real estate, and can be up to 50% for other industries. In the united states, the depreciation rate is about 3.6%.
These percentages are important because they are used in combination with your property (or other asset) value, in order to calculate how much of a tax deduction you get.
In this video, I give you an example about how one year of depreciation can save an average investor $9000 in their first year, and potentially 100k+ over the course of the next few decades.
When you scale this up, the investing principle of depreciation becomes a positive feedback loop that gives you more capital…to buy more properties…to get more depreciation…and so on. That is how you become super rich with the power of depreciation.
Podcast:My Dog Competed Against Stock Market Day Traders For a Week...Here’s What HappenedJack Chapple2019-12-16 | Hey Everyone! In this video My Dog competed against Youtube Guru Day-Traders for a week. Here’s what happened…
So, as you all know, I think Day trading is the equivalent of gambling. Yet I see so many people promoting it, and promising people that ‘they have the secret formula’ as long as you pay $2000 to learn it. Yet the truth is that most day traders do not make any money, and the ones that do, say that they made money because of their strategy. Yet the truth is, that with any random market like the stock market, some people are bound to win sometimes. And that is what this video is about.
I dislike some of the ‘claims’ that day traders make, such as trying to make 1% per day in a sustainable fashion. But as we all know, that is not possible because they would be trillionaires in just a few years, thats how compounding works (yes, i get there are taxes, and everyday expenses etc.).
I put to the test some of their claims…by having my Siberian husky dog ‘entei’, make day trading picks for the stock market. I did this by tossing treats and recording the milliseconds it takes for him to reach the treat. We made 25 picks.
The picks were randomly assigned to S & P 500 stocks, by market cap.
Then, we went through a few days of trading and well…Entei kicked butt.
In fact, Entei might be one of the greatest stock market investors of all time. I highly recommend that you now follow the new day trading guru, Entei, the doggo.