diminish the role of the dollar in international influence and as he points out it's key to the oil industry it's key to the war industry and everything flows through the new york fed and gets approval from the new york fed if you want somebody other than the new york fed approving your transactions every single transaction in the world goes to dollars goes to new york fed doesn't matter where you live who you are what country or what president of what anything you ever do it goes to the new york fed if you don't want that influence if you want independence if you want to have your own sovereign sea then by as much as you possibly can for the reasons. sherman has articulated it is if you remember star wars luke skywalker to attack the death star he had to hit the missile projectile directly into the heart of the death star that is the new york fed is the death star bitcoin is luke skywalker you're coming in you're russia china here's somebody else really under the wire why didn't. the point is that he mentions unitive account

which is like the 3rd layer of the future of what bitcoin has always been talked about by the likes of us at these sort of conferences 1st you have the store of value then you get the medium of exchange then you get the unit of accounts and the unit of accounts is the global trade settlement you know it used to be gold then there was talk about having an s.t.r. via they i.m.f. that keane's had proposed or a bank or and then the u.s. dollar it was able to exert itself as the unit of accounts and that gives it a lot of power an exorbitant privilege you might say he wants to ban it i can't ban bitcoin but he is recognized and the power as a unit of account is where it's sort that's the ultimate source of double points there he says we should ban but going of course that's impossible because you can't ban mass and you can't ban the internet. that's 2 strikes against you and then you

can influence the rest of the world to accept this imperial imposition that's 3 strikes you're out and now in the progression of big going from a store of value to medium of exchange to unit of account as you point out he's open the door now to unit of account that is stage 3 big coin adoption that's game over for any other 5 currency in the world right now during the store of value that move from a dollar where we told the world to buy it so $100000.00 in my view is going to start to become more of a medium of exchange and then you have a move toward unit of account it's so amazing the way the protocol is influencing people even peter shift now is moving away from being anti big going to being now he's in the maybe camp all these other economist nouriel roubini paul krugman jim rickards they're all going to move from no to maybe and then within a year or 2 or 3 years they'll be yes we were wrong this is the way that the future also you notice a lot of their attempts to exert yes we were wrong this is the way that the future

also you notice a lot of their attempts to exert control and i'm going to turn to a headline from joseph stiglitz nobel prize economist but in terms of brad sherman it's all about control and we want to control all nations in the world he mentions we want to exert control over the iranian people tens of millions of people that live there we should have say what they do with their condom me and i admire the way los angeles is the porn capital of the world and it's a huge important industry to los angeles is way more important than hollywood hollywood is that right shiny side of what is actually the porn industry there and they rely on big claims so he's like he's talking against his own constituents now we're going to turn to this headline from c. and b. c. joseph stiglitz we should shut down the crypto currency just as stiglitz a nobel prize winning economist says cryptocurrency should be shut down. the worry

is that they enable illicit activity by making money transactions less transparent which of course is like an argument from 2010 or 11 he's like stuck in the past you know it's amazing joe stiglitz is misinformed about this there is absolutely no argument being made and certainly his arguments are the least interesting and least you know noteworthy arguments to be made obviously when you compare illicit activity nothing compares to the u.s. dollar nothing compares to money nothing compares the u.s. and foreign banks or just b.c. and other as we've talked about on the show many times they are the ground 0 for illicit activity if you actually add it all up the amount of illicit activity that flows through big going to something like one and a half percent globally which is a pretty good track record in light of the continued abuse of the economy and of our morals in our fabric of society by the likes of j.p. morgan h.s.b.c. center and there's other point about that it's somehow not workable at scale is

equally ludicrous yeah that's that's not that settled but in fact he says. crypto currency that are created by the global individual should be banned he says i've been a great advocate of moving into an electronic payments mechanism there are a lot of efficiencies i think we can actually have a better regulated economy if we had all the data in real time knowing what people are spending is all about control they want to control what you spend on what you do what you know and. we interrupt. because russia's foreign minister sergei lavrov and the u.s. secretary of state my pump air are now giving a press conference after holding talks in the russian resort city of sochi let's listen. this is his 1st visit to russia and. u.s.

state secretary although he had been here before. when he held other offices. today we have discussed which was a lot of issues following the results or of the. very productive telephone conversations but conversation between the presidents of our 2 countries and our presidents directed us to intensify our dialogue and we started on this task several days ago in finland. where on the margins on the ministerial meeting of the arctic council we've had a very productive meeting and today. building on that we have discussed in detail our war bilateral issues as well as regional and global issues especially regarding the situation in venezuela in the northern peninsula in syria

in northern africa in ukraine. in afghanistan. and of course we discussed the. comprehensive plan of action. on iran's nuclear program the year round nuclear deal or the results of today's negotiations will be reported to mr putin this evening but right now i can say that our dialogue has been very productive and regrettably our. relations between russia and the us have been. very great for the past 2 years and this has to do. very much with the fact that the current us administration. had to develop based on what they were left by the. previous administrations which had to do with

russian rhetoric and today with mr compare we've decided that we need to take pacific and practical steps to remedy the situation russia and the us are interested in normalizing the dialogue and we believe that is as possible. as long as we build our relations based on the mutual trust and mutual respect for our interests we have both agreed that is important to you and dream state the channels of communication between our 2 countries which were recently blocked due to some allegations that russia trying to interfere in the us elections or there was some kind of collusion between the current us administration and russia which everybody of course understands that this is complete nonsense that this is fiction and thanks to the mobile report that has been.

published not long ago we believe that. cooler minds will prevail and we will be hoping for a more productive dialogue between russia and the u.s. we believe that there is a basic understanding between our 2 countries and this was also discussed during the meeting of our 2 presidents last year not all of the. all of our agenda has been implemented in fool. but in december last year we reinstated dialogue to fight terrorism. on the basis of our. foreign. ministries this is was this was a good productive step but this is not enough and i hope that we'll be able to launch a number of other. lands would. that were discussed today and

in sochi and in because we believe it is necessary to create a council that would consist of diplomats former military men and other officials that were. held you should discuss the current issues and look at the ways of how to overcome. the problems we've had the misunderstands it. had and to build a long term sustainable interaction and corporation in a number of areas. and we also believe it's important to created by a council that's woods you know the representatives of private businesses and businesses that would help. governments create conditions for a favorable economic cooperation also we have discussed today steps that would provide an impetus for further productive progress in the relations between the

u.s. and russia we have expressed all of our ideas. to the u.s. assistant secretary and i hope that they will discuss this as for our agenda today we have discussed a number of issues including venezuela in the world in that regard russia believes that it is the people of venezuela that. need to decide the destiny of the future of their countries all of the responsible political forces in venezuela need to start responsible dialogue. and this could happen as part of the montevideo. nicolas maduro has said the government. of the country is ready to launch of that. and we've also discussed the importance of implementing security council listen. intuited to $54.00 which implies respecting the territorial integrity of the syrian

arab republic. agreed to continue consultations using the current context we have and we also compared notes on a number of details regarding exterminating and eliminating terrorists. in syria we've also covered a number of humanitarian issues and the launching of the political process and the 4 means of the constitutional committee we believe that in the nearest future this constitutional committee will start its operations in geneva under the aegis of the un also we've covered this situation in the middle east and we discussed the situations situation around d. and iran's nuclear deal we have a number of disagreements here with the u.s. but we'll continue discussing it with the u.s. and this gives us hope that. we can we are able to achieve

a number of agreements with the support of the u.s. now talking about ukraine we have a u.n. resolution. and we have the minsk agreements. and we believe that the current the new administration it was of ukraine will be able to. decide its position. based on the necessity to raise it to settle the issue settled the problem. as for other issues we've also covered the korean peninsula. issue which has been discussed by mr goulden and mr trump during that telephone conversation also. we believe that is important to develop. dialogue between washington and pyongyang we are ready to support this dialogue and we're convinced that. eventually we

want to do it for me in. asia a system that would be stable and sustainable which would like to know that the leadership of north korea expects guarantees of their country's security as a prerequisite for the dialogue and conversation or dick nuclearization alfred's we've also discussed the positive corporation regarding afghanistan including the including what is done. as part of the troika meetings also we have to discuss the issues of social stability of course so we've covered the situation all regarding. the. short range missile treaty.

and we've discussed the. new start treaty. and we are interested in. continuing professional dialogue why it has to do with what we have to deal with arms control and i hope that this will be positively received by the u.s. ministration and by the 2 peoples of our 2 countries on the whole i'd like to say that our conversation was frank very productive and detailed and i hope that this visit by my phone play or will most help not only improve the atmosphere of russian u.s. relations but will also allow us to move forward to move me specific and productive steps towards resolving issues that we have on our bilateral agenda regional agenda and the global agenda i would thank my colleagues for these

productive conversation and i give them to you from the floor thank you thank you good afternoon i want to 1st of all say that i appreciate present put him and prime minister lavrov for hosting me today thank you sir we had a frank discussion about many issues including many places where we disagree. the united states stands ready to find common ground with russia as long as the 2 of us can engage seriously on those issues we discussed this war mr lavrov said many important topics we talked about terrorism we talked about afghanistan. present trying to make clear that his expectation is that we will have improved relationship between or to. countries this will benefit each of our peoples and i think that our talks here today were a good step in that direction. a few subjects that we talked about before mr lavrov mentioned that we spoke about syria we both want to move forward on the political track to bring the suffering of the syrian people to an end and we want

to do so in a way that ensures that syria will never again be a haven for islamic terrorist groups and also raised our concern about the escalation of the situation around in the northwest of syria. we also discussed north korea and its nuclear program the united states and russia agree on the goal of the denuclearization we'll continue to discuss it i underscored that we must maintain full implementation of the u.n. sanctions until the final fully verified nuclearization of north korea is achieved and our 2 teams have been working very closely together on this in a very productive fashion. on venezuela we have disagreement i urge my russian colleagues to support the venezuelan people as they return democracy to their country the united states and more than 50 other nations agree that the time has come for nicolas maduro to go he's brought nothing but misery to the venezuelan people. and we hope that the russians of support for majority will and.

but despite our disagreements we'll keep talking i hope we can find a way for that ends with the humanitarian political crisis that is happening on this we both agree. that we also discussed the situation ukraine trump administration has been clear that we do not recognize russia's attempted annexation in crimea. and we hope that we can continue to move forward our sanctions have remained in place. i urged russia to reach out to ukraine's to president to demonstrate leadership by taking step towards breaking the stalemate we would in particular welcome the release of the ukrainian crewmen detained near the current strait last year. and we talked about implementation and how we might move forward in obtaining a ceasefire in the don't boss region. we spoke a bit about the activities that are taking place in the middle a sedate with particular focus on the actions that iran is taking i made clear that the united states will continue to apply pressure to the regime in tehran until its

leadership is prepared to return to the ranks of responsible nations that do not threaten their neighbors or spread instability or terror. as foreign minister lavrov alluded to very much on president trumps mind as arms control. our actions on then i am after they have demonstrated that we're committed to effective arms control with advances u.s. allies and partners security that is verifiable and forcible. the president's speech as charged his national security team to think more broadly about arms control to include countries beyond our traditional us russia framework and a broader range of weapon systems. we president wants serious arms control the delivers real security to the american people and we know and i think we agree on this to achieve these goals goals will have to work together and that it would be important that if it's possible we get china and volved as well. we'll have

a more extensive set of conversations both about arms control and an. opportunity to discuss all broad strategic security issues between our 2 countries in the weeks ahead. i also raised the issue of u.s. citizens who have been detained in russia are making sure that our citizens are not unjustly held abroad as want to president drums highest priorities. and we spoke to about the question of interference in our domestic affairs i can find that there are things that russia can do to demonstrate that these types of activities are a thing of the past and i hope that russia will take advantage of those opportunities. finally i want to emphasize the. in friendship with the russian people are 2 nations share proud histories and respect for one another's cultures we seek a better relationship with russia and we heard that it work alongside us to change the trajectory of the relationship which will benefit each of our peoples thank you so. much i'm going to get people. to the q.

and a session session the commerce sun newspaper has a 4th letter soul of your commerce and you mentioned the new start treaty which expires in 2021 but still we are not clear on whether it's going to be prolonged and the whole question to mr pompeo regarding that ease washington you willing to extend the new start treaty as moscow proposes and is it most cold ready to discuss the. u.s. grievances regarding several issues they say russia is doing and the question to mr lab rolf. if the u.s. . does not recognize your watch what you're doing is moscow going to continue to call for the extension of or most all over the reason it is going to have concerns about compliance with a new start treaty today i will continue to work to. allow the truth to be verified

exactly as the verification regime exists as words extension what we have agreed that we will do is we will gather together teams that will begin to work not only on new start and. it's potential extension but on a broader range of arms control issues that each of our 2 nations have i think in our shared best interest achieving an agreement on. most. of our positions and indeed we have concerns regarding. the statements made by the us or that they are. what they're doing with the trident submarines. and there is a number of procedures that needs to be done so that we can be assured that this conversion all of these armaments is done in

a way that it's not possible to restore the nuclear potential of the submarines and these bombers and this will be discussed as they could because discussed as part of the consultations commission and we hope that the. dialogue will have positive results now as for what's russia would do if our concerns remain so i would like to answer this question because i believe and i hope that we will be able to agree on how to proceed forward and i'm not going to gamble or just. say something that's potentially could happen in the future that's not the task of the diplomat thanks we're going to go to guy benson thompson's. thank you very much i want to follow up on venezuela mr secretary what was the message from the trump administration specifically in regard to the russian

government and their continued support of nicolas maduro and their active involvement in the western hemisphere and mr foreign minister why is it that the russian government persists in supporting mr majority when virtually every democracy in latin america has recognized mr why go as the legitimate interim leader of that country thank you. we. we talked about this for some time. we made clear the u.s. position we want every country that's interfering in venezuela. to cease doing that we want the venezuelan people to get their democracy back we want them to have a fair free election elect their own leadership not the. that the sham election took place with mr ruggiero so whether it be in forces or chinese or cubans the trumpet ministration position is that they all need to cease having an impact and supporting woodrow and allowing the venezuelan people not only to get their democracy back but give them an opportunity to rebuild this country that has

tremendous wealth. there are russian companies operating there that are successful businesses as well we want we want those countries we want that country get a chance to rebuild its economy too so that it isn't dependent on humanitarian assistance from anywhere in the world but rather they can begin to deliver economic outcomes for themselves and to do that the central point is that we need free and fair elections they're not interfered by any other nation. which took us for our position russia's position and answering your question why russia holds this but your specific position on supporting the dialogue and and resulting all the shiz by the historian people themselves. this weapons this position is based on the fact that you cannot impose democracy on somebody by force. the threats are coming. it's coming from the officials the u.s.

officials yes but you know where you're coming from mr b. why do this where you constantly reminds us of his right to invite a military intervention from the outside this has nothing to do with democracy we all remember what happened 20 years. 22003 most of. them would you do we've heard in me 22003 how george bush sad that there is no democracy in iraq and we remember how. 2011 it was said that. more. market after he was. basically gone. and now there's democracy in libya and we all know 1st hand what kind of democracy now exists either in iraq and in libya we know that nothing good came out of it all of this after it's. russia 26 general that you can all of us. in

the past have one question is to build ministers. impossible is it possible to have personal meetings between mr putin and mr trump we've heard different statements is it possible for them to meet and also occur. is a plan is a meeting in the works what can you say about this and other question of mr old you have just been to brussels where you have discussed the comprehensive plan of action with iran and there's been the. there's been reports about the. movement of for u.s. forces towards iran territories. can you comment on that. well of course we have heard the statements by mr trump that t. expects to meet mr putin among others. as they both participate in the g.

20 summit and also occur. if we receive an invitation suggestion to have this meeting officially from official channels we will react to that positively of course. let me talk about my conversations with brussels and the more broadly about i have said policy with respect to this lamarck republic of iran so i want to brussels to share with our european friends the threats and concerns we have about the actions that the iranians are taking or potentially taking. and we want to make sure they understood the risks as we saw them i share that with them in some detail . as for our policy. consistent now for the entire trump administration and the decision to withdraw from the j.c.b. away now just over a year ago made clear what our objectives are we we laid them out in may of last year we're looking for iran to be a book a normal country and that's our ask and we have applied pressure to the leadership

of the islamic republic of iran to achieve that we we fundamentally do not see a war with iran we're looking for the. regime to simply stop conducting assassination campaigns throughout europe to cease their support of has bought the threatens interests all across the middle east their support for the who these that are launching missiles into areas where there are russians and americans traveling these missiles could easily kill a russian or an american. we laid them out in some detail our position hasn't changed and the movement of troops that you described to leap to the par with defense but we've also made clear to the iranians that if american interests are attack. we will most certainly respond in an appropriate fashion. and shunting and then they have. great thank you thanks for your time i want to

follow up on a couple of statements you said 1st for for mr lavrov you mentioned that split the disagreements with iran that there is a possibility of a certain agreements on iran going forward could explain what what you see in common with the u.s. in iran where you can go to pump a oh if i could ask you about the mysterious incidents in the u.a.e. regarding the oil tankers have you pinpointed responsibility for that and to follow up on your statement about the election you said that there are things that russia could do to show that election interference is a thing of the past what's what are those things what do you what would you like russia to do thank you very much. rick. around the joint a comprehensive plan of action. to settle the iranian nuclear problem i hold. reason will prevail and. you know the rumors we've had to buy a 100.