a lot of the more than the dumpster just things to get muscles of monkey mean spoke to them. ear cross, but you always shock is more than they live at. when you look on the blood up like a new book like, ah, well still no, i don't know if you didn't, you my bit of a mushroom. oh bother you. i told her muster, but i still calmly. oh, but i was in your lease. i was just our custody and neither penny, because i moved austin bike tours. i live with you boy. you and i should are still as it is, i saw that what it was also what we should we may take a look still as was mentioned, step which it, which i think you placed a little better, which i think you must you to as to what i'm glad to work that way. disappeared. we've got dish dish at the what? dollar universal jury you'll look additionally, why not? glad you're not sure they will say it's because they with molest says when you live, grandma misquoted as a white school, occlusal guards the finishes, and you should just have to walk all the way. so, but if you will in yeah. oh,

but in theory and feature to one that i mean can us now to music what you will get a you it was so this just will go over all model bucklin, yet we phrased living now for can you look when you are naturally, scott, a little polkas off at a slow motion from the seed on the innovation. did you show them? said bill, adding me to lucy to let you put the log on the sheet. it is leak from where you will. but, you know, slip of the month up on windows, are the mockup, alderwood avenue by. look, i would only is to just look at my light must only, and i mean you came in the bathroom when this method bit, i wish la la merely to like a thought of our annual wished emotional informational. as i put almost, it's almost sold out on the other one. when you model a dusty, a model to is up at nist on there was ania. this is all with zillow mazda,

and somebody will look at the genuine conflict. the e, butch moore released was to do things by we seem to go along with ah ah ah ah, ah ah hello in welcome to cross thought, we're all things considered. i'm peter lavelle. as winter draws near in temperatures, drop europe finds itself to be very vulnerable. rejection of russian energy is not only slowing europe's economy, but also bringing on a recession. what's worse?

europe's economic woes are self inflicted. is europe attempting suicide? ah, cross sucking europe in crisis on joined by my guess, michael hudson in new york. he's a professor of economics at the university, missouri, kansas city, as well as author of forgive them their debts in paris. we have john brick more. he is a political commentator and in london we cross and real consulting. he's is founder of aka consulting and a foreign affairs analyst, or gentleman cross stock rules in effect. that means you can jump any time you want . and i always appreciate, let's go to michael person, new york, i'm titling this program attempted suicide given what's going on the last 6 months in europe in the western world in general. is that an appropriate title for what's going on? well, i'm not sure that they are realizing that it's suicide. it's more so they're

following a u. s. policy, which is the u. s. wants to kill europe, but really think it over. the americans are the great beneficiaries of this, especially the oil industry that is cleaning up as the oil prices go up and that's strengthening the dollar. the euro's going down. the british pound is absolutely funding. it is right now, $1.15 this morning and the apparently the europe is run by nato amount by the elected politicians. and miss bare bach of the foreign secretary said yesterday in poland, but she doesn't care what the european voters month. she's going to support your brain. well, imagine the politicians saying they don't care what the voters say that she's in there. and she is going to do what she's agreed with the united states to do to boycott russia. let me go to going to go to parent shop. i mean,

how do you explain that? i mean, i agree with everything that michael just said there, i'm, but i thought europe in america were comrades in arms when it comes to their proxy war against russia. but, you know, the, the, the, the 2 players to get the short end of the stick are obviously ukraine and europe. but, you know, in europe, this seems to continue to cow to washington when it's not in there, no interest whatsoever. is there any explanation for that? go ahead in paris. i want to emphasize, you know, a bio flies and there was a one. you said that the problem in was that the dish and i to the media. and then with the aid in the newspaper, i mean, the nice that you're been changed to when i think i believe, i mean your faculty additions and lead restriction is enormous. first of all, this said that the war was uncovered. it was not until both was a military been diagnosed or fuser job lidermilk agreement. mashaila was again

simply a commentator. i say that repeatedly since 2014 jesse sac cd went at the end of 2021 to the white house to tell them, you know, this is going to be to war and the white, i will say, we're not going to discuss with the russians. the way the world, the 1st the then they said that the national economy is going to collapse. they would say that because it by then says that the mayor was the frenchman still fit for we can only say that didn't collapse. now would they say we would have to set up of democracy in so nobody said that there will be, will with the warmness that there would be any cost. none of the oceans are going to collapse. no, she goes after that you have to suffer to win the warning and what will end the war and show you where the americans are. he sees him, their business in the county where he's read is bonding sheet on which we were told to suffer from that every with project that we're actually going to. so shut off of

the not trustee level one over. well, i think that's a good, let me go to a draw on that point there. ok, let's talk about this. suffering ok. but it's not the, this is an elite driven war in the west. this is what they want. this is a proxy war against russia. ukraine is a footnote and all of this, and so we have to suffer, but not the people to make the decisions don't suffer. everybody else does. and that's what makes this conflict different for the west, because nobody really suffered for afghanistan or iraq in the west. ok, but now it's all coming home and you have to suffer, but we're not going to suffer. go ahead in london. so it will not let me go to london here in london. will you absolutely right pizza, but of the same time we have to bear in mind that we are a collective society. so in europe, in europe, in european union, we are complicit in this great life. i mean, we are talking about the politicians that they lied to us. but what about the

economist? what about the public intellectuals? what about the journalists and economists who are perfectly aware of what is happening and they are complicit and taking part in this great lie. i mean, no one in the, in the western newspapers, meetings, mainstream newspapers and intellectual public intellectuals or they have a rise in a voice against it. i mean, everyone is just supporting it because because of the, you know, indoctrination with this liberal indoctrination throughout the years here in european union, in united kingdom and across the west. some of the very intelligent when i was use the last in a citation calling. intelligent, you idiots. people was, you know, well versed in economics, in politics in geopolitics, are still believing that it is worth suffering or to,

to achieve some, you know, it was already go goal, which is, which is not going to be a good, a drill. i'm glad you brought this up. give me just ask you real quickly here before i go to michael, you know, particularly with this crisis that's been generated in ukraine, i am really sick and tired of smart people saying really stupid things, okay? and it's empirically provable. ok, michael, i mean you're the economist here. europe has decided to de industrialize. is that a good idea? i mean, not lack of competitiveness. i mean, it doesn't want to become a backwater and it talk about washington winning. do they want to win a part of the world that used to be rich? that is growing, that there's going to become very, very poor very, very quickly if they don't change course michael in new york. well, either have not been official critiques of supporting your grain of the financial times and the other papers have made it very clear that are in england,

the cost of heating your home is going to go up. $505000.00 pounds per year. they've said half of the pumps in england, they're going to have the clothes. they haven't talked about the industrialized. they're talking 1st of all about forcing most of the wage in population into depth, or as simply unable to heat the homes. they're talking about closing down much of the consumer economy in germany, they're talking about closing. they've closed down the german steel industry. they've because he still uses energy. they've closed down the fertilizer we talk before. they've turn to close down the get glass industry. italy is especially hardly heard. so what the press is talking about is how europe in the industry is being dismantled and once it's dismantled, it cannot be started again. that's the important thing. when the steel industry

company closes down, it's very hard to started up again. so we're talking about a permanent loss of markets and the americans say, well, we are, we're going to be the gainers. because number one, we can produce steel. we are importing all the oil from russia that we want. we control our company's own steel companies abroad. so the american controlled companies in his l. michael lilian and are in let me interrupt you for a 2nd. it might hang on, hang on. but you know, if this is what they're doing to europe in europe, will not be a consumer for american good. so it's kind of a double loss here. let me show you want to jump in in paris. go ahead. well, because now they say that all the sanctions in worker, you know, the russian economy can absolutely, we work in the long term. how do they know that she way should we trust that we would i mean the problem of having the smart people in charge i dont know. you see she think hubig for example used to being somebody was hiding. children's book is

neural clinical m uses things like all, all companies are going to be banker, they were just not self or why. okay. so is your big, she doesn't know what happens. okay. they're not going to come in and they say they're going to give money, but listen, when they come from they're going to kind more money and printing mother or his taxes. and one of these things are going to solve the fact that their lack of energy and the lack of energy comes. i mean, why did they close? where did these toys the, the nuclear energy there slamming in transit. we change managed to kill one of the most that man's and technology dead world since you did your energy. this is, i'm sort of decisions of religion. i mean, you know, there's, well, if i shall have, even as i have a whole of the fascinating where, but then when michael, where does this come from? i mean, it sounds like an ideological obsessive how i mean, damn the facts. i mean, i, this is what i can't, i can't get my head around this. ok. i mean, you know,

the, everyone is aware of what's going on in the real economy here. but there is no policy . should you have this list for us? i mean, oh my god, they're going from bad to worse in the u. k. i mean, this is a craven choice. that's what makes this so bizarre. michael, it is it the logic over they have also calculated how the united states will gain a from france. you mentioned the magic word, bankruptcy. the real losers in the us will be many of the backs and euro because the banks are going to have many of their customers defaulting. their already fallen bank that so what we're talking about is not simply did the realization, but a bank raises the americans now have a to come in and have the american banks by the european banks. so what this is, yes, it's going to lock europe down, the americans can maintain control. they're not really concerned about losing the consumer markets. they're concerned about control and control of other countries.

and they imagine that this will somehow strengthen their diplomatic position by being able to control europe. so it's the, any ology is not simply anti russian. the idiology is one wanting to control all the rest of the world. because if you cannot control it, they might do something that the americans don't like. that's the mentality that theology at work here. yeah, it doesn't have much to do with people, does it? i mean they, they, that's not the least of their concerns. there are gentlemen, i'm going to jump in here. we're going to go to a short break. and after that short break, we'll continue our discussion on the crisis in your state with our team. ah ah ah

ah, once it was a year, a shorter one and i'm not trying to stay like a what a national z m a a. welcome back to cross stock where all things are considered. i'm peter level true manager were discussing the crisis in europe. ah,

okay, let's go back to our guest in paris. i'd like to quote something that the french president mc crohn said a few days ago. france, is that a quote tipping point in the country, essentially, and facing now quote, an era of abundance coming to an end? that's an extraordinary thing for a major western leader to say, basically that the show is over live with less are abundance are the, the, the what the, what we presented to the world as a model has come to an end. i mean, how did that guy get reelected? how any of these people get, again elected, or reelected? when you say the era of abundance is over? because the global south doesn't believe that. that's why they're continuing to buy fossil fuels because they want their future to be prosperous. but europe is given up. john, how do you explain that? what does it does? it does provoke many negative reactions and they have 10000000 people in france will. even though the public, the line and of course again, as i said there was no,

not the world's apology for the fact that this is a result of the sanctions on the now even that is the result of the sanctions. and no window sanctions were vacant was going to be f r team in there. with that, we're going to suffer the russians we're going to suffer. but you see on the edges you go aspect. i think there is also the question of german adventure them with the friends on to understand. i mean, the, the germans always, i think, had, when the back of their mind, the sort of preventable world war 2, which was also he banjo, were one of you. remember, but so again, there men in, in these russia and then you see the revenge did not come home. the old conservative. hi, this is sure wished house, et cetera, game from the progressive, the games in the social democrats who against de nicholas build up in the eighty's on. they were for the priest in the did the take taking go, but jeff another. so we look, thinking that job now is

a peaceful counseling. we can all live together happily thereafter. and of course, what happens now is that germany wanted to control over the whole of you, or he and you look against russia is with me. so by the way, and of course they are miscalculated or the name of the idea that the result would be own. well, so favorable to them because they seem to destroy the economy in that, of course, not going to be the low a strength of them. but they suddenly thought they were going to, oh, who shall, and in a sense, get them against that against king as a see from the more a progressive answer with the police. my treatment, this is going to lot of his is amazon, cuz they see they give us one of these guys. the russians are really good on nothing going on. and he's also decided that they don't have the height that the americans have the friends of german. if the french, german, english, my know, it was in another county were subjected to the treatment that are conflict on the

people on the dunbar. so i think the hutchins were h even just the bridge and they did the fulton. i was wondering if you had to get all the americans at that canada because they were american students, american medical students there last a pa christi. hey, chrissy is is. is there a calling card here michael? i want you to reflect upon what my crown said, because this proves that without a doubt in my mind, that meal liberalism is collapse for the interests of the vast majority. the people that it rolls over. i mean, that's an admission, that's an admission right there. and what does it talk about, considering what john had to say, what it has to say about european unity in western college garrity. i don't see it at all. i mean, if the elite lose all this, they don't care, it's there to turn off the lights that it's, it's really a very, very cynical approach. go ahead, michael. when you say that the abundance is over,

what that means is it's time for and austerity program. and i m f us therapy program. and the real question is, what are africa and south america and south asia going to do? are they going to be a part of this? or are they going to say, we need an alternative to austerity program. so there's no need of all for the era of abundance to and for us others, no technological problem. there is a military and a financial problem. and the problem of american policy that brought this about the problem is, well, china, russia, india, and iran, and other neighboring countries create a set of alternative institutions to the american neo liberal. i. m f and world bank. and they are, they going to create a new kind of an economy on different lines from the west. that really is what the question is. and so europe is giving a demonstration of how not to run

a country. and i'm, i hope that other parts of the world are looking at this and say, there is an alternative, margaret thatcher was wrong. or if a, russia, china, india, and other countries to create an alternative set of institutions independent from ballard diploma. so i think that's very much already happening. we have bricks and so many other organizations that it sits in through time. and this is a, an important catalyst to move it along further because it, because of sanctions and secondary sanctions, nobody wants to get involved in that. you know, the, the fear that comes out of washington only serves their interests and no one else is just, you know, is there any way i, maybe this is a silly question, but is there any way back to undo this on ring? this bell is craven choice. that the europeans have taken because, you know, if the weather is cooling down here in moscow is going to be called here pretty soon. and what happens in the east weather rise just goes to the west. it's only

a matter of time. go ahead and paris of business as i told you before, the problem with these european decision maker with helping union you, there's no legitimacy whatsoever. the goal or chelsea, lawson will like that. what the role and things of them as a legitimacy for historical reasons. but these people are not, never given my course, some sort of support or minority support, but for some people with these people who have been elected to their only reason to be there is they're expecting they're supposed to be expert again. but if they were complete the home, then they can go begin street. there's nothing that legitimize them. and so they have to just, you know, we can't, i mean, i think it's only going to go from contesting the streets. but the courses in the streets must be pretty, pretty serious because you know, they lobbied as a farmers. i mean it's going to be pretty tough. goes before they

had made the sheet before they admit, because they keep on. so the, you know, the suggestion of fancy which is working on sooner, forensic mechanical than, than just an option. seasonally over, i mean it's going to be very bloody. oh is going to change but, but i agree, a release you. the other thing with the sanctions that are gonna not work. did you try, erica? mm hm. they don't use quite russians could. and in the bush, russia to be ever closer to china and to india join maneuver. who, being that lillian and jane i would have joined, i knew yeah. how dream that there would be a push ma between turkey and syria origin. so the re been had all these things happening now as a result of russia diplomacy. and that's the worst thing from the worst nightmare story from the point of europe in china, getting close to russia is the kissinger nightmare on there. provoking that's the route and everything that can go home for them. and uh we do it even cover what we

don't have all that we have to wait on c high. let's go back to michael in new york . well, where do we go from here? because there seems to be an admission of defeat. they don't have any tools left in their toolbox. they're essentially telling everyone we have to suffer. and they have no vision for the future. i mean, what is going well, you know, after the conflict is and come to an end. what then sanctions will remain. they have no, they have no plan, and particularly since they went with rate haste went into this. not thinking of the consequences i have. no, i have no hope that these people know what they're doing. moving forward, michael. well, it's obvious now that you cannot simply roll things back and go back to the way things were before and say ok, russia, go back to your boundaries. let's just paste the u. s. officials of said, the ukraine war is only a catalyst for what is going to be a 20 year war. and the 20 year war is going to be how long we think it will take

for us to take over russia, china, india, and iran, and the whole world. and until we do that, we're not going to stop. we're not going backwards. we're not going to paste, we're going to continue the ukraine war to continue to leave russia. every ukrainian who dies absorbs at least one bullets. and that's going to leave russia with one less less. but we're going to continue to fight. and this is only the opening line, the opening a strategic ploy in what's going to be a long, long on going fight. and so it's up to the rest of the world to say, what are we going to do to respond to all this the west. the only has a plan that it wants to control how, what is our plan going to be to create an alternative, to the whole post more neo liberal order that is left us in debt to the i m f in debt, the bomb holders with money. we can pay now that the oil prices and food prices are going up. what are we going to do to create a new world?

because we can't go back to the old world that that is over. so we're in really a new development where countries are going to be making their own michael, that there's one little wrinkle in all of this and i'll get a shout here. what happens when people say no to what michael said? because the global south is saying no, and the level of administration is only increasing in europe. no is going to be the most obvious answer, but then that's when you have an authoritarian reaction. control of the military of the police of big tech, social media. we have seen it all before. i'll get the last part to you. jobs in paris. go ahead with a 20 year loan wall because that's exactly what's happening in afghanistan. we discussed that we could observe last year, so i didn't read them well if they want to take a check engine and other counties as to what they have done against, you know, eating the good news of the listing agent. just regular george bush of the

world. and then with judge russians. and that's happened to germany. austin only june 22nd of june 1941. so it, well, it went, which is very interesting here is that there seems to be no, no historical memory of things of what goes where michael, you know, last 30 seconds to you, they don't have any knowledge of history. that's why they're groping into the future. 25 seconds to you. well, that's exactly the point though, all of this has happened before, and the only solution is going to be to make a clean slate and start all over again. and you can start all over again. if you let united states have veto power over anything you do as it has in the world bank and the i m f, you have to start a new organization without you beat up our and the other is an alternative. but

saying no, isn't enough, not to be, i'm saying, no, you have to say we, there is another way of doing things and you have to develop a whole set of shadow institution and alternative institutions. that's going to be the next stage that will evolve over the next. i think it's happening as we speak here. and fascinating discussion, i'm sorry, we lost our guest in london. many thanks them i guess in person in new york. and thanks to our viewers for watching us here at r t c next time, remember, talk with with oh, when i was a kid

and engagement, it was the trail. when so many find themselves, well the parts we use to look so common ground with a magic you might look and you live muscles. if you look on the initial, you want to pull up a can use to put value when you do or change, but you also listed on those a

what i see the senior bus is the little gear motivation says decent it on bob ah, [000:00:00;00]

a