Is China copying what FDR did in the US during the Great Depression of 1929 with his New Deal https://en.wikipedia.org/wiki/New_Deal make work projects with China's massive one belt one road project? Despite what many American historians and many regular economists say, FDR's New Deal programs did not go too well https://fee.org/articles/fdrs-folly-how-roosevelt-and-his-new-deal-prolonged-the-great-depression/ On May 6, 1939, Henry Morgenthau, Roosevelt’s treasury secretary, confirmed the total failure of the New Deal to stop the Great Depression: “We are spending more than we have ever spent before and it does not work. . . . I say after eight years of this Administration we have just as much unemployment as when we started. . . . And an enormous debt to boot!” China seems to want to move a lot of working age men out of the country to work on the new One Belt One Road project. This project is supposed to cost China at least $1 trillion US Dollars, but it may not provide China or any of the countries China is making investments or building infrastructure there for the project with long term economic growth. Jason points out in the video how this project might just be to keep working age Chinese men from being unemployed and moving power political unrest and rabble rousers out of the country. Also, beneath the surface, and despite good GDP numbers, there's a lot of red flags about China's economy. There's literally dozens of different stories the last 12 to 18 months about HNA Group and Anbang Insurance Company. Some of the red flag stories include: 1) https://www.cnbc.com/2018/02/08/chinas-central-bank-releases-nearly-2-trillion-yuan-in-temporary-liquidity.html 2) https://www.zerohedge.com/news/2018-02-12/bis-publishes-simplified-map-chinas-shadow-banking-system 3) https://www.zerohedge.com/news/2018-02-12/china-creates-record-29-trillion-new-loans-one-month 4) https://www.zerohedge.com/news/2018-02-22/chinas-aig-moment-arrives-beijing-bails-out-systemically-important-anbang-chairman 5) https://www.zerohedge.com/news/2018-02-22/china-shuts-down-its-vix-halt-market-turbulence Please visit the Wall St for Main St website here: http://www.wallstformainst.com/ Follow Jason Burack on Twitter @JasonEBurack Follow Wall St for Main St on Twitter @WallStforMainSt Commit to tipping us monthly for our hard work creating high level, thought proving content about investing and the economy https://www.patreon.com/wallstformainst Also, please take 5 minutes to leave us a good iTunes review here! We have 33 5 star iTunes reviews and we need to get to our goal of 100 5 star iTunes reviews asap! https://itunes.apple.com/us/podcast/wall-street-for-main-street/id506204437 If you feel like donating fiat via Paypal, Bitcoin, Gold Money, or mailing us some physical gold or silver, Wall St for Main St accepts one time donations on our main website. Wall St for Main St is also available for personalized investor education and consulting! Please email us to learn more about it! If you want to reach us, please email us at: [email protected]