Reacting to Why the Suez Canal is so Insanely Important.. (and Nukes)

That was not 1967. That was a lie. The 1967 Six Day War was because Egypt blockaded the Straits of Titan.

The reason the US is invested in the canal is not only because it supports our economy, and our trade partners. But the biggest reason to fund Egypt and its military is because it's leverage against them and neighboring countries that we can also cut off the supply line of other countries we're not friendly with. If another nation wanted to start a war with the US, we now have the 'We scratched your back" to have them shut off supplies to the country the US is at odds with. It's a chess game.

Yeah dude at 19:30 definitely has someone tied up in his basement

Wow! I learned a lot from this. Especially thinking the ships are coming and going through it both ways. Plus the U.S. and every country imports and exports goods. It's the world economy.

Luka, be careful, there is MUCH more to this than this gentlman's narrow view. Many of his "facts" are debatable, his view seems rather biased.

He fails to mention that all three existing nuclear "powers" of the time, USA, Soviet Union and the UK were investigating "peaceful" uses for nuclear bombs. There were many proposals for digging harbors, mines, transit tunnels etc- all of which were soon discarded because of "fallout" both radioactive and political.

The fragility of the global trade system is very real. It's a hyper-complex system that has an almost unimaginable number of moving parts, variables, and potential bottlenecks. Most people believe that there will always be food on the shelves or gas at the gas station but the reality is that it depends on small things like one boat blocking a critical passage.

Be smart and have emergency plans for yourself and your family for if this system ever goes down for an extended period of time.

If you’re interested in reacting to it, Epic History TV here on YouTube has a two part series on the 1956 Suez crisis. It goes into details of the French leader, UK prime minister and the Israeli leader’s plans to take back the canal.

A lot of Chinese products bound for the US come across the Pacific Ocean and land on our west coast. But canals are still important for other trade. Besides Suez, there's also the Panama Canal, which lets you travel from the Atlantic to the Pacific without going all the way around South America. And those ships in the Great Lakes between US and Canada get out to the ocean by way of the St Lawrence Seaway, which is part navigable rivers but also part canals. There are other major canals in continental Europe and China.

The US cares because iPhone parts and other things bought and sold in the US go through that canal, as well as oil

It's not about imports dude. The US doesn't care about that. It's a strategic chokepoint for world trade and the US wouldn't want anyone else to control it when the world is at conflict.

First off, I love your videos homie. I try to catch most of them. However, at 14:50 when you asked about America’s interest in the suez canal the first thing in my head was OIL BITCHES and I realized just how American that sounds and… Yeah. Stereotypes are stereotypes for a reason, I guess 🤣

The Suez Canal is very important to US because of our reliance on a GLOBAL economy. The Suez Canal is one piece of the puzzle, and without it it, it creates a bottle neck affect in today's trading so ships trying to use the passage to transport raw materials or goods between can't get through. Today's international businesses are only successful that they are multi-billion dollar companies only because of it's heavy reliance on international trading. That's why China finally opened it's economy to a free world market. It realized the only way it could compete with the rest of the world is through capitalism. If other countries are doing poorly in trades, like our allies in Europe it affects America's position as a leading power-house of trade. It's a delicate balance and push and pull between countries to have control of the world trade, but also while keeping good relations with other nations also to encourage trading between countries. And we rely on other nations to buy USA goods also, it's not just for Americans in order for these multi-billion dollar companies to remain competitive in today's global economy. In capitalism price is king and the company that can make a good at the lower price will dominate these domains. That means the only reason we can make products cheaper and thereby companies make a bigger profit is by finding the cheapest countries for raw material and labor. One good isn't made in one country as explained in the video. Similarly like Apple iPhones everything is made from different parts of the world. We slap on the made in US sticker when it has the final assembly on US soil, but nowadays we don't even do that here. If you look closely at the label for the next Apple product you buy, you'll see that it actually says " Designed by Apple in California" lol. No mention of USA. Even though we associate Apple with US, it's a product that has adopted today's standard form of manufacturing goods, which is building the products from other parts of the world and having it all assembled in China's cheaper factories or similar cheap factories often in Southeast Asia. We could technically manufacture all the goods here on USA soil, but the labor costs would make the products much more expensive to make and also would affect the market selling price. Here in the USA we have a strange love-hate relationship with the global/international commerce. We love having all these products that are much cheaper because of using out-of-country labor, but at the same time we don't like how this also affects the blue collar and manufacturing sections of American labor force, with many of them losing their jobs to cheaper overseas labor. But there's really no way around this dilemma, if you want those cheap goods at ridiculously low prices like in Walmart or even the factory Nike shoes, there's a hidden price for that, and that's how the manufacturing sectors of industry is taking the brunt of suffering. While big tech companies and distribution businesses like Amazon have been capitalizing on the new global economy. Honestly the way that trading has developed I think the world is heading towards a greater division between labor and social classes rather than political factions. But that's a completely different topic. If you are in college it would be helpful taking just a general economics 101 class, or you can even just do it online through those free courses on coursera. It really helps to broaden your mind and see things from a more global perspective, especially in today's businesses.

At 3:55 you (Luka) was amazed on how there's cargo ships in the great lakes of North America but you know that chicago, even though it's in the middle of the continent it is not landlocked. Chicago has access to the Atlantic ocean vie the Saint Lawrence seaway and it is also connected to the gulf of mexico via the Mississippi river

The US (last I checked) is responsible for a disproportionately large percentage of the global economy. If 12% of the worlds economy travels through Egypt's canal. Then that mean tons of that cargo traveling through that canal every day belongs to the US. Not to mention raw materials needed for manufacturing.