ah, a with opec class, the officials say that note gamble is as they defend that decision to flash oil output, according for a more responsible approach to the global energy crisis from western powers. and look into it. if you have got bidding, they are trying to catch up. we cannot afford pink out, you say plasma. com hope on the hills of a new batch of your functions on moscow which include a price cap on russian oil in the u. s. foreign debt to historic high for the country borrow more money to help find out his budget

deficits on that a 40 year rest hold inflation with very well. welcome to you. it's just time to 8 pm here in the russian capital. and you're watching all the international with the latest world news update. it's good to happy with us now the opec plans, the oil exporting book members, including russia and saudi arabia have approved. a major cuts in crude outputs around $2000000.00 barrels per day. the biggest such reduction in over 2 years on design popping up prices on well, markets. saudi arabia's energy. melissa, explains the reasoning behind the decision. we are not in the gambling business. we have to be careful. i have had 75 years of experience in this feed. i would like to challenge

anybody who could come and say we'd been through and if we are not to be a tentative or ticket likely lecture either did and look at what is happening that back building. they are trying to convey ketchup. we cannot afford playing catch of the situation here isn't very complicated. on the one hand, we have the intentions by the us and the e, which are crystal clear, that is to punish russia with lower all prices by introducing an oil price cap. on the other hand, there's the group of all producers, opec, plus, which shirley is interested in higher all prices. and for years the members have been achieving that by limiting their own output. and guess who's wanting the show as the biggest players when it comes to opec plots, that's saudi arabia in russia. now i do want to point out that washington work hard

to convince the oil which gulf countries not to agree to an output cut. now the question is, what comes 1st for their own economic intra, sorry, what comes 1st for the gulf countries and saudi arabia, its own economic interests, or friendship with america and allies. and today, the answer was given, riyadh and company as well as russia chose to make a move that would drive the prices up. and this is set to weaken the efforts of the west anger the u. s. apparently, and help rush up at the end of the day. and perhaps this explains the exchange that happened between one of the journalists and the, the saudi energy minister in that room in vienna. the gas price is widely seen in europe and much of the western world as having been manipulated by russia, which is cut supply. people will know, see, so the arabia and the core members of opec and opec plus,

cooperating with russia to try and raise the oil price. it will be as a simplistic, i know that a debit will be the view there you went to twisted to, to your end. fine. it's your prerogative. it's, you're right. it's we because we, we've been collaborating with opec plus countries ever since december 2016. so it is not an accident of, of mutual convenience if you could credit. and this and decision by the autopay plan scribbles that comes on to the hours, if not an hour after the new batch of sanctions was announced from russia, which included that oil price cap. so talk as to how these sanctions on russia are affecting the country. well ok, 1st of all, i want to tell you that 1st came a decision by at the g 7 countries on the russian or prize cap. and it came

a month ago and it was meant to be accepted by the ear countries. but that, that was the time when moscow said loud and clear that they simply will stop selling oil altogether to the countries that sign up to that policy is to push in is unless it's an absolutely stupid decision. if you were, somebody tries to implement it, it will not lead them anywhere. there are contracts obligations to ensure supplies . maybe that i wonder whether any political decisions contradicting those contracts ought to be made. i should be if so we would simply stop respecting the terms. she would cease to supply natural gas, crude oil, coal, and fuel oil, usually. and we would not supply anything if it goes against our economic interests . we will fully respect our contractual obligations unless someone tries to impose their own terms on us, surely room. those who are imposing their own terms on us are not currently in a position to do so as they should think. again, debates, and i'm certainly that now going back to the efforts by the western countries

wednesday was the day for e officials to take action. and to agree on the legal basis for the oil price cap. it covers maritime trade of russian oil and so that they did, but it wasn't smooth sailing to reach this deal. a number of you members were raising serious concerns over the plans during the past few months. and hungary was perhaps the loudest voice a little more because any of your songs feel like when i look at these energy sanctions, i realize that we are energy midgets. when we impose sanctions on an energy giant, it's an unusual situation in history and such action. i think cannot lead to a good ending. so those sanctions do harm to us. they are bad. they are painful, it will cost a lot of money and threatened to swallow a great amount of our success to we achieved in the past 10 years. for now,

there's no decision yet on the actual price or the price range when it comes to the a price gap that will be negotiated in the near future. and that's why i guess you have to stay tuned for the updates and also watch out for the all prizes as the effects of that opec plus decision kick in. but washington is not impressed as the bite of administration has slammed the opaque plus oil production cuts and this threatening to limit the block of influence on global energy prices. the president is disappointed by the short sighted decision by opec bloss to cut production quote us, while the global economy is dealing with the continued negative impact of food and invasion of ukraine at the time when maintaining a global supply of energy of paramount importance. this decision will have the most negative impact on the lower and middle income countries that are already reeling from elevated energy prices. let's get some more reaction from mohammed also by the

former senior adviser to the saudi arabian energy, minnesota. many thanks for joining us on the program. really appreciate your time, especially today. and so we've heard the u. s. president have strongly criticized the opec plus a decision is called a short sighted. what do you make of that statement? thank you for inviting me. i think the last coalition is an independent correlation. they are fed coalition, they do their assessment and stuff is prior to their me single ministers and they take that decision whether some members, some countries or not like it. and that's up to then. but definitely this is that i decision that i died when we see a lot of next generation and prices. and we see that we need as

a coordination to preserve the stability of the market. so i don't want to come in fair better, but what's all, what i'm going to say is basically this is not the business of any country, but the coalition of operate loss. and this is a decision that you would have personally also have endorsed benson. i didn't know who i'm so to get to you. you mean for my fin? yes. would you also ever come to the same decision? yes, definitely. well, i thought your, you can find that from my statement, but in any way, the decision is a very wise decision. i'm. this is not the fittest that optic love takes

such a similar position in 2020. when corporate 19 was that, but i didn't. and there was locked down and the different economy of pick 10 today plus countries, limited production. and then gradually they release more and more daily. they came to the same level that they were at $9.20 to $29.00. what do you make of the potential cost? solve this opec plus decision when it comes to relations with the us and its allies . my, my friend, the coronation to the, is about not about exactly 23 countries. so it is not the decision of saudi arabia or russia, you know, that decision. and this gordon is being taken by consensus. if there is one country,

how small it, it was rejecting the the decision or there wouldn't be no just to get a thought. so i want to add it to the international community that this is a consensus decision that this is in the benefit and enters the coordination member. and nobody can change that at all. and we cannot be influenced by a list of requests from different could you make nations. so what's your assessment of the timing of this decision by the pay group? and to what extent do you expect it to help the global economy when it comes at a time when prices are already sky high, people are saying that the was might be on the because of the global recession. and also when it comes to dollars off of the you agreed to impose a price capital,

russian oil and also so what do you make of the timing price cab is it says as it wouldn't, wouldn't been for a walk. it is like a dream, like a wish for thinking for the europeans. but if you don't view it according to the principle of a cannot make one or one, you will see it. we're not, we're already. if there is any ceiling, then definitely that will help russia to block or to, to use its own supplies by 1000000 or 2000000 by block or europe. so they need to think twice before taking any such ridiculous decision. by that you i don't know how they will achieve it, but definitely i don't think they will have any consensus on this already. as

you're mentioned in the report. hand gary and some others are not in agreement with it. i think it will find a lot of difficulties achieving, apply a consensus on this issue in particular. but also, i think to be a decision as been indicated by is roy and had no minutes settle energy or saudi arabia or the reduction in or in production will continue until the end of 202030. so but, but it is subject to an efficient as being then before, if they see that the market needs more oil, definitely they will take that into consideration. as i said, it is a fantastic body. there's not an emotional body that's being moved by politics or anything else while staying coming back to this price cap that's been agreed by the

e. u. today on russian oil import import. the russian president of cause previously said russia will not sell oil below market rates. what sort of developments do you expect to see over the next few days and weeks with regards to this? with regard to this, i don't think there will be consensus among your member by the way, you're a member of live in a state of chaos. they don't know what to do. they are not calculating the cost and benefit of many decisions that they have been taking as far as the economic sanctions again, as russia. so i think, i think, but if they let us assume that they have consensus, by any chance, i think, i think good very action will be pro bratia to review those reduction. and if you

add to the reduction in loss of production, that means that the market will see a lot to use shortage in the supply. and that will be reflected in the price of oil. and if that happen, then definitely that will how to you itself. and that is so i don't think they would like to see that morgan stanley indicated that if this decision was taken, then definitely russia would reduce the production by one or 2000000 additionally. and that would get prices listed of $300.00. better bet. thanks for speaking to us today. i really appreciate your time and your insight on the math that we've been speaking to. mohammed assa bond, former senior advisor to the saudi arabian energy minister. thank you. thank you

very much. now the us national debt has set a new world record of $31.00 trillion dollars. that's more than double the debts of the 2nd biggest borrower, china. the u. s. economy is facing 40 year high inflation and response. the federal reserve has been increasing interest rates, which are expected to hit the highest level since 2007. the policy also led to a search of the us dollars value sparking a warning from the un, amid face of a global recession, where the economies of developing nations said to be especially vulnerable. the one says there's more than one way to lower inflation rate. market surveillance authorities could be mandated to intervene directly. an exchange trading on an occasional basis by buying or selling derivatives. contracts with you to vote in price collapses or deflating. price bubbles, this slightly spiraling debt on the homefront washington isn't showing away from

coughing up even more cash in support for ukraine, for us as a prove a total of some $54000000000.00 and military economic, anti monetary and age to ukraine. so far this year on top of that job, bind and has approved a new bill with another 12000000000 bucks worth of help to keep if there's no get some reaction and insight from geopolitical and market analyst tom longo. many thanks for joining us on the program. it's nice to see, you know, joe biden has been bragging about reducing the budget deficit edison he took office but what is the actually doing about this trying to make it worse? is the really the short answer it if you go back to last year, the build back better build the infrastructure bill, the proposed tax increases and all that were all sold to us as if they were going to be budget neutral. but when the opposite of the c, b o report came out the and explained everybody that the build back better,

but will cost them $6.00 and a half $1000000.00. most of what was front loaded in the 1st 3 years. that's when there was a revolt in the senate, specifically to go national care and cinema senators. and they said, now we're not going to do this. and eventually the clock had to run out. and by the time the clock ran out, inflation had been baked into the system through all defending during the public can damage. finally started to hit the markets. and the argument about, you know, spending more into an inflationary environment to recover from coven dealt apart. and since then, the, by the ministrations done everything imaginable to make things worse. so i don't see what they're i don't see what their strategy has. other than complaining that people are listening to them when the everything they're doing is trying to make the situation worse. yeah, we've seen the federal reserve actually adjusting the interest rates. combat insulation does look like that is us find out here on the same page about the crisis as the white house. what about congress, or they're not on the same page,

it's very clear that the fed and congress in the white house are at odds with the fed, as it is at odds with what the congress wants to do and what the white house wants to do. and i think that that's a very important point support and i've been making for about a year and a half, not since last year, when the fed began. what i would call stults tightening by, by adjusting a very technical rate called the reverse repo rate, which when they raised the 5 basis points above that buttons, right? the, the nominal benchmark rate lending rate that cause a tremendous drain of liquidity or dollar of credit around the world. since then, the reverse repo facility had about $450000000000.00 park in june 2021. today it's hit a high of about $2450000.00 last week. and i think there's been a little bit of movement out about in the last couple of days. but, you know, that's it. but the, the numbers are staggering. that that's all what you would call base money for the global economy. and so. ready the fed has been actively draining the world of dollars from overseas knowing full well that it has to try and get inflation under

control and, but at the same time, i also don't believe that it's that the feds only mission here. i think that is actually very stealthily trying to put political pressure on washington to change the way it's been operating for the last of the 2000 a financial crisis. so the us national debt, sore into historic high something, $51.00 trillion dollars now. and this comes amid the increasing us military assistance ukraine, which is already top $17000000000.00 was taken. how wisely, that money's being spent it's, it's never spent wisely and i'm a, i'm a fiscal, conservative, extraordinary. so i look at all of this and i just shake my head. and i laugh because i know that the policy isn't that being pursued by both congress and the white house, i don't considered to be in american best because i don't consider to be in america's best interest. i've been on record quite explicitly calling them vandals and traders, so you can see where,

where my position is on this. and i think it's very clear. and i think the, the big thing here is that the, by the ministration knows that it's staring at. busy historic wipe out at the midterm elections and about a month. and it's very interesting that the fed has been aggressively raising rates into a major election, which they never do. they never want to see, seem like they're trying to influence politics. well, that's clearly off the table, which means something has changed and we have to be respectful of that. and we have to realize that, you know, the, i, the idea of the model is that we think of as the united states with air quotes around it. i think is actually like at least multiple 3, maybe possibly 4 fashions or buying for control of what the future of the country is going to look like. now that we're at this kind of extra central point where we're, we're staring a $31000000.00 debt and a big budget that has come many thanks for speaking to us today. i really appreciate your thoughts near insight on this. we've been speaking to g. political

and market analyst come longer. thank you. and the connections between washington on big tech companies are coming on the increasing scrutiny as a conservative legal group of foods, the f. b. i failing to disclose the agencies tyson networks like facebook and sensor and get some controversial content. well, let's now get with the towns from new york correspond and kayla morphine. caleb, nice to see you. so what exactly? all the allegations on the ramifications of this law said sure will the notion that big tack is very much colluding with the democratic party almost functioning as a wing of the democratic party has been around for quite some time. however, we now have this non profit going ahead the lawsuit against the api. i basically demanding that they make their records public disclose their relationship with the big tech companies. so the whole us public can know the truth about their relationship. the evidence is that during the 2020 presidential election

campaign, the f. b, i conspired and combined with large corporations including facebook, to sensor and suppressed the damning evidence of bite and family corruption and influence peddling, found on hunter biden's laptop. this was done to help joe biden and the democrats when the 2020 election, now arrogantly disregarding the law, the f, b. i a stonewalling america. first legal efforts to expose the f, b. i 's emails detailing the trade craft behind this collusive attack on our elections and identifying the persons inside and outside of government who were responsible for it. now just 2 months ago, mark zuckerberg, the c e o of facebook admitted on a podcast that he was approached by the u. s. security agencies and asked basically to suppress the unter biden laptop story. because they believed it was possibly our likely to be what they called russian dis information. this was that bombshell

admission from mark zuckerberg. i mean basically the background here is the f b i, i think basically came to us some, some folks on our team. ok. i'm just so you know, like you should be on high alert. there is the we, we thought there was a lot of russian propaganda in 2016 election. we have it on notice that basically there's about to be some kind of dump of of, um oh that's similar to that. so just be vigilant. now it's also important to note that hunter biden's former business associate at this point has come forward and said that the f b, i really showed no interest in all the evidence he provided, showing hunter biden's wrongdoing than his crime and seems like they just weren't interested in getting the facts on 100 by years what the former business associate had to say. you were supposed to be working

a follow up interview and tim chemo. in his last discussion with my legal counsel was listen, we know tony cooperating. we appreciate all the information is provided, we will follow up with you. we're definitely going to have them come in for a follow up interview or spend some more time on this. and i haven't heard from him since. now this seems to reinforce the notion that the f b, i just really had no interest in investigating the crimes of the biden family and the presidents, family members. now at this point, we're also seeing with alon moscow assuming leadership of twitter, some pretty blatant examples of how solidly twitter is in the democratic party gap . there are reports circulating about twitter employees cry in the song should i day or should i go is being played in the twitter cafe. and it becomes apparent that a number of where your employees are afraid that the company may be moving in a different direction. perhaps the algorithms are going to be a little bit different. perhaps different tweets are going to be circulating the

way new speeds are going to be operating will be different and it won't be the standard liberal line. so when we look over all the facts here with the new lawsuits and other revelations that have happened, it becomes pretty clear that the stranglehold that the democratic party has over the tech giants and their control over information and discourse in the united states is becoming more and more obvious, furthermore, there is more and more outrage about it. speaking to you, i think i'm responding. caleb moore pen. caleb many thanks for the details. i appreciate it. over more on this story, we can close live to as most in our president of the eagle form education and legal defense fund. many thanks for joining us on the program, mister moss. and so what do you make of these allegations? a collusion with big tech companies against the f b i? well, it's not allegations anymore. it says very clear. i mean, we have the admissions of, of facebook. we have admissions of the intelligence community officials, the retired ones that signed the, the letter out of 50 plus members who said, oh,

watch out this is russians, infor, misinformation, they know that was a lie. so it's not allegations, it's the facts. now, what it has caused in this country, united states is a flip on the head with flipped over. what was a, a warning from ronald reagan member, ronald reagan famously said, trust and verify in america right now when it comes to our intelligence community. when it comes to the f b i, it's distrust and verify. our starting point is that we've been misled. we've been misled and other example is on january 6th. there's a guy named ray apps, none of the f b, i will answer positive or negative. what ray ups was doing that's a looks like he was breaking the law according the f b i. they won't answer the question. we know our diligence community has a problem. they don't tell the truth and so we're not going to trust them. and we shouldn't till they can verify what they're saying. so you think we can expect any response from the f b i it sounds with them. and in response to this story, at this point, i think we probably the response from the f

b. i will come out after the elections in november because they'll be a change in power, and there will be some accountability asserted by the republicans in the house and senate. but i look, i think that the, the f b i has proven in the last 5 years or 6 years that they will do anything to change the subject, to obfuscate the lie about it at the senior levels at the junior levels. it's a systemic rod, and so i don't think they'll be a response if there is a response. it will be a deception. it will be something to confuse the american people. and the bigger problem of very candidly, is that big tech is an aiding and abetting. what so is our big media and big media is happy to run these stories. you'll have john brennan, who has admitted he lied under oath the u. s. senate. he will be on tv and he'll be saying things about what's going on that are there is no reason to believe is he's true. he's a, he's an admitted liar in the past. so we've got a real problem right now in this country, and the good news is we have an election in just 5 or 6 weeks. that will, i think,

change the dynamic a lot, the f b, i took another reputational hit early this year when mom was like a book, of course admitted to taking advice from the censoring be hunted by the laptop story as part of what he called a response to a russian, this information campaign, but what could moscow possibly have to do with that laptop scandal? oh, yeah, look, it was just a, it's, it's a trick, right? it's a trick that the trick looked at the, the less than the democrats and the intelligence community use the russia collusion story to try to take donald trump's presidency over. and they tied him up in knots in terms of bureaucracy. so it worked for 5 years. they said russia, russia, russia, and the american people were confused. so when they got the 100, by the laptop, the 100 by laptop, what, there was no more russian dis, information than it was ukrainian, not a bribery because it was all in there. all these things were in there about ukraine, about china. so again, the only reason that they used the russia russia russia hoax is because the

playbook is been used. the media and big tech goes along and probably half the country believes some portion of it because of the power of our media, but it's, it out not lie and it's done a for a reason. and the reason is to distract the american people. in this case, the f, b i and, and zuckerberg and everybody right before an election, they were influencing the election. whether you think that's illegal or not, it certainly seems ethically challenged ethically problematic. that's the world we're living in right now in the united states. would you expect the republicans to take a different approach to dealing with the f b i, if they de managed to says banks it til majority in congress? yeah, look, i think that they'll be accountability from the republicans in the house and the republicans in the senate. the question will be, how deep is the rot? because there are lots of republicans in both house and senate that also don't really.