from china, how to say afloat to make matters worse if president biden is planning on revoking trump, eric harris and sanctions on other countries to try and combat inflation. but doesn't lowering the price of important products make domestic products less competitive? when did it become wrong for a country to strive for the best products with the best revenue? i'm kind of using on this as 2nd part of our series on nationalism. we're going to focus on economic nationalism and why countries are now making decisions which are not the best interest of their own economy. since when did economic nationalism become bad for business? ah, ministration continues to write $1000000000.00 checks to ukraine, topping almost $50000000000.00 at this stage, a country, not even a part of nato. meanwhile, americans are dealing with a record prices at the pump and a food shortage. and while it is almost trendy to talk about hanging america,

you see little blue and yellow flags on screen names across the twitter of re verse . after month, mothers are still struggling to feed their babies and america, the us. mexico border is open and pallets of a baby formula are being shipped to those entering the country illegally. i understand is cruel to let a child starve simply because they were brought here by their parents. but arguments are being made saying people come here for a better wife. however, is this a sign that america should keep borders closed focused on the american citizen who's already suffering? if america keeps allowing everyone to come in, are we going to end up as poor and if food insecure as the nations they left the discuss america's obsession to save every one is actually annihilating it. we bring in a david towel, the founder of approaching capital. thank you so much for joining me, david. thank you, scott. ok, looking at the present state in the past,

we've been able to save the world at times. we've been strong enough, but at this exact moment in history is america wearing herself thin by trying to say the world should we be putting ourselves 1st and what a little bit of nationalism actually save our economy. here right on the head, we seem to have an obsession with helping out every impoverish, destitute under fire, country person, group of people, community in the world. and we tend to go ahead and ignore our own. and really the charity has to start at home. if this economy is heading into or already in a recession, families are struggling with basic necessities by reason of inflation or by reason of shortages, a certain product. the administration has an obligation to immediately harness the entire power of the government in order to solve those problems 1st, before we go ahead and worry about the desa dude and the war and the challenge all

around the world. now is this motivated by just being a good heart and feeling bad for those that are, unless circumstances are this more about a power struggle that the united states assume if we give you aid, that means that we own you are that you have some sort of allegiance to us, does it even matter? i don't think it matters. i actually don't think it stems from there, although that would be a great bonus if we were to get that. but we certainly don't get that. we handout dollars without even expecting the leaders of those countries to show up to you know, meetings that we go ahead in orchestra. right. we had a meeting in the. ringback america couple weeks ago and mexican president, so i have not come yet look how much prosperity we provide to the mexican government. so clearly we're not getting our fair share of what we're owed, so to say. but beyond that, i think it's all about policy. you've got spokes on the very far left inside of the

congress that are championing the rights of people all around the world while they ignore the constituents in their own voting. just not policy is bad policy, not only long term, but even short term for the united states. we are under cutting our own citizens in order to go ahead and, and arguably in some situations who are helping abroad are not necessarily the good guys. sometimes we're helping the, you know, could be bad guys, or, you know, it's great not clearly black and white and, but nonetheless, folks at home are hurting and it's unfair to them. and it's inappropriate for government not focus on them 1st. and david asked me, that's why i continue scratch my head because people continue to be put back in office. when you look at the absolute devastation that their own communities are separate, doesn't matter. people still vote to put them back in the real catch. all this is america's actually borrowing money from china,

alderson aid ukraine and kind of basically funded this proxy war. that is really making other countries like russia, obviously angry, even more angry at the us. we cannot keep printing money, which is what we've done. that is not even our own. what does happen to the american economy? if china comes to collect the debt, is over. if not forget about even if they come to collect a debt. if they stop buying over, they are the biggest lender to the united states. we know that we've known that for some time, there are dynamics far beyond just that straight computation to the getting to the conclusion that china will always be a lender to the united states. thankfully, because we are the reserve currency of the world. and people do want to own our debt is the most stable that there is out there. our, to your point, scotty. if i some point in time,

we've undermined our economy so much by doing the wrong things with the money that we've got. and there is instability around the question of, are we the most stable economy in the world? are we the strongest? and are we the reserve currency in the world? well then, yes, that day of reckoning will come. and that's a very scary day. not only for a china thrash the united states, but it will automatically go ahead and trickle down into our pockets. i mean, we will have an unstable currency we take for granted that our dollar is incredibly strong in tomorrow morning when i wake up $100.00. that's in my pocket is going to have about the same amount, the buying power as it did today. and a lot of countries in the world that stability is not there. and we've taken for granted. and to the extent that our largest lender at some point starts to question that well then all bets are off and who knows what happens next. so do we really

exist on a level playing field and questioning anything china does is they own our debt and you mentioned the reserve currency. are you still very competent? considering the present situation of economics here in the u. s. that the dollars going to remain the resort currency for the world into the near future. i'm pretty confident for my life. i'm. i don't know about my children's life. there are a lot of dynamics that go into answering that question and a lot of that it, you know, future telling about the change in power that will go on in the world. you know, over the next, the decades to find out. but if the united states plays its cards, right, it's in the best position to remain the world's reserve currency. it's going to be interesting because at same time america very divided china seems like they're very politically very nationalist and they support their people economically. in a nationalist sense, putting focus on increasing wages jobs,

economic output of their own. at the same time, it is heavily involved in the global economy and one of the key players in it. so it seems to be able to juggle nationalism and globalism and can do well in both fears. why is it that the united states doesn't seem to be able to be able to do this? and why don't we seem to be able to support this healthy sense of national identity while also being the leaders in a global economy? what element of china having our debt plays in that? okay, so 1st of all, we have a lot of freedom in this country. we have people, freedom, not only of you know, policy and political choices. and also when it comes to capitalism, we provide folks with the freedom to go out and earn whatever it is that they can achieve. and it's an incredible asset that this country china does not have that in a lot of different ways. they are the leader now that is going to be there forever

. life term. and then we're going to and they have an economy that is very much controlled, almost down to the last one spent. right, because they are digital. you want in that country where the government can go ahead and see into every single person's spending habits down to the, you know, the last one you know exactly how much and where they're directing their spending and investments and so forth. so there isn't that much by way of choices relative to the united states in china. that said, you know, those are 2 very different systems that are to taking to very different approaches on the long term gamble on which is going to go ahead and survive. thankfully, our republic has survived this many years and i think it's, it's strong and continues to have stress. on the other hand, you know, the chinese economy has largely been the beneficiary of coming into a mark,

a more consumption economy over the last couple of decades. and so that's why they see incredible growth. now that that consumption ways is over. the question is whether china is going to be able to heat up their growth rate, or at least, you know, bring it back, but still have it as at a relatively high level. and at question remains outstanding. in terms of, you know, how can trying to navigate their owns, quote unquote soft lab thing that they're supposed to have from their growth rate. well, i agree that we are talking about apples and oranges of economies, but unfortunately i do see america more changing in the way it's handling. actually looking more to a government controlled economy than necessarily an independent capitalist. as time goes on, a lot of is a product of the pandemic that we just live through. i want to before i let you go and talk about bricks, and we think the international blog, we immediately think about globalism in regards. but isn't bricks the way it's set up, really more a league if you will,

of like minded countries who want to trade with one another. engage in the global economy. but the same time kind of have a secure understanding of their national identities and their national entrance is the bricks model. not only arrival to the west, but a rival for the global agenda of the west. more importantly, an excellent philosophical point on how you go ahead and set up. one way of saying it is it understandings? and the other way of saying is cartel. so you got other cartels like opec and you've got cartels like nato, and then you've got the bricks. you know everyone's got a different makeup in terms of, you know, is this just an economic relationship? is this a political relationship? is this a policy relationship also? and the economy will bleed into one another. you know, i think certainly all of these things, all these different structures. sounds incredibly good on paper, right? they're set up very idealistically. and those lines, people try to draw them,

you know, very definitively when setting up those communities of, of countries. but then difficult issues come down the pipe and then you start to see disagreements and then cracks. so yeah, certainly if, if, if you're able to go ahead and simply leave the relationship to economic and then not have anything to do with politics or policy inside of each country or say, another way you have, you know, very strong feeling nationalism for each country in and of on its own, that seems to work out very well in the united states. however, you know, we that for, for better or worse, and i think on the whole for better, you know, we take our position in the world as the champions of democracy. you know very seriously, and we are the champions of lots of other policies as well, you know, at times. and we try to go ahead and align ourselves with countries that are similarly mindful of those other things that issue trying incentivize countries to

go along with us, or maybe that's wrong, we're trying to buy some support. but that's what we do here in the united states. i'll expect that to change much over time. it's, it's, it's really a principle upon which we're built. well, david towel, candle pro chain capital. thank you so much for sharing your insight. we'll chat again. thank you. as inflation rises, one major party a suffering the most in america are farmers. we will talk to one when we come back after the break with more 360 view. ah ah. i am, my name is frank richardson. so daughter got in the movement in any age, 13 or 14 to we are violent towards those people because we believe that we're in

this race. we're here 1st, and this is our country being part of that movement. i got your sense of power when i felt powerless, we got attention when i felt invisible and accepted when i talked to level life after, hey, is an organization that was founded by poor skin, neo nazi white supremacists in the u. s. in canada. and they found each other and they knew that they wanted to help other guys get out was 2 parts to getting out of a violent extremist group. the 1st part is disengagement, which is where you leave the social group. and then the next part is d. radicalization work belief systems audiology are removed. it was very impactful. when someone finally came along with no fear, no judgement, you heard my story did nothing to challenge it. validate with

the balkan conflicts been simmering because some time ago so that she was a subscript whirlpool crane. i quit but i'm a little bit on was signing up. l. damian's demanded the cause of a subs change car license plates. in other words, they recognized kosovo. either for the role, for the hell i bought for the belgrade refuse because of a is serbia. so discriminating against something is a slap in the face bowl. so multiple, near pushing

a wealth of career role report from a friend of hers for your was true bill room will set up the candidate to do this a day with the good in it really doesn't it al boncey madame or i should, he'll be golden on me alley visual, serbian president alexander gucci hasn't ruled down the possibility that the west is waiting for the right moment to strike the republic. title, if you know from georgia tech, hope all the for my food with ah, welcome back. you're watching the 360 view in arms coming. no, it's no secret. the american economy is struggling. biden is looking to end at trump and era tariffs to carbon fashion, but it may have the opposite effect. now farmers are struggling to compete and

throwing in the towel while america is making it easier for companies to choose importing our food. we're becoming less and less food independent. all china quietly buys up all of our farm land to discuss if it's time for america to put herself 1st. we go to this report. study inflation is impacting the entire world, but farmers are heavy burden with the rising prices to keep food on our tables. inflationary spirals, especially harmful to you. i spoke with edward morse who is not only a professor of business law, but also an american farmer. i think there's a, there's a natural benefit behind american agriculture that consumers out of ought to be thoughtful about morse races, cattle and sales beef, as well as gross corn, 4 feet. i asked moore's how record high inflation is impacting team on his farm.

were a large consumers of energy, so diesel fuel prices have more than doubled and that affects our farming operation itself. the fuel that we need to run our tractors and equipment, but it also affects the transportation costs, moving our products to market, and receiving inputs like fertilizers, the etc. all those things are affected by higher fuel costs and some extent for the higher labor cost that this inflationary cycle is producing. another huge problem for american farmers staying competitive, not, i guess each other obviously, but more and more grocery stores and distributors are getting products. fruits vegetables, even beef from canada and south america. i ask how is it possible to get blueberries cheaper by importing them?

there's this thing called the comparative advantage, probably cheaper labor costs associated with picking the blueberries in that environment. but it is a, it is a little paradoxical, particularly when we think about the cost of the fuel to move those blue varies across the globe versus moving them, you know, from michigan or, or somewhere of that nature. of course, it's a good thing that we're able to import those, those of berries from other parts of the world because that means we can, after each year round and not just during very seasons as biden plans to revoke more trump era tariff in the name of carbon inflation. he could get harder for the american farmer to stay competitive, but he's not just farmers in the united states suffering from my globalist economy . in the netherlands, the government is instilling strip regulations on farmers to help curb their

emissions output. new regulations require farmers to use less and less fertilizer and regulate their number of livestock. farmers are protestant by blocking roadways for fear district implementation could lead them to shut down their farms and lose their livelihood. you can seen this video, police opening fire on a dots farmer in a tractor real evolve as you move up bush. whatever, whatever shells are bare across the netherlands, us farmers have halted the food supply chain in protest. in fact, countries across the world, poland, germany, italy, i'm more, i don't mean gathering the, see the centers, not only in support of the netherlands, but also to protest against their own government regulation. president biden has run on a platform,

promising to cut carbon emissions and push the green new deal. i asked morse, what can the united states government do to help farmers? so the u. s. doesn't get to the point where we are putting global initiatives above our own ability to keep farmers in business by reactions that would be do a lot less than they're doing right now. because i think the market forces are here to do the cars. us to do the right things. and in fact, you know, the government intervention is a big reason that we're having the inflationary cycles that we have right now. the money supply over the past 22 years or so have drawn, drawn by almost 50 percent. and we've doubled over the past 15 years before that. so monetary policy and high government spending has put a lot of money chasing to few goods. milton friedman sen,

inflation is always an everywhere. a monetary problem, right? it's caused by things like expanding the money supply and expanding government spending. we had a 4 trillion dollar deficit last time. yeah, it's coming down maybe, but it's still a very large percentage of our g d p. so all of that spending combined with other government policies like our energy policies are absolutely devastating to farmers, consumers, all kinds of business. people to the extent were driving up the cost of basic goods that we need, like diesel fuel and gasoline were driving the cost of natural gas. it practically tripled from where it was and keep in mind, natural gas is, is not just used for eating, but it's also a feedstock that's being,

that's used for fertilizer manufacturing. so we saw, you know, a huge spike in fertilizer cars last spring. some of that is excited now that we're past the past, the primary window for wiser applications. and so it's just demand driven demand, stalling for, for wiser. because we're, we're not, we're, we're, we're in the midst of the growing season. and as you're fertilizer is not down, it's probably not going down. and, and so honestly, government is a big part of the problem and it's caused by bad government policies. and to the extent that government can do last less interference and allowed the diffused wisdom of the marketplace to do its magic. that spontaneous order that arises from individuals making choices that are designed to maximize their well being.

that will produce a lot more goods and services in the market place, and it will produce some faster, cheaper, and better compared with a lot of government interference. you know, and some of these policies are, are just absolutely destructive, especially that by new ministrations, policies about fossil fuels and petroleum prod products. but it spills over into other areas. emphasis on things like e s, g policies, or pressuring banks about lending to petroleum producers. either those things are all examples of interference. that is, that is destructive and harmful to consumers and consumers ought to be aware of this because they, they might seem like something they want to sports,

but the downstream effects are going to be detrimental. in india, the people came together to protest this green revolution loss put in place during coroner virus and now have become self reliant. will these benefits america to become more self sufficient in the food they produce and provide for the country? i think there are a lot of benefits toward trade india, one of their responses to the war and that your brains and shut off exports. argentina has done that because they're large in the past, they've done that because their large beef consumers, their per capita these beef consumption is way higher than any other country. and so the prices get hard to get high as a political matter. they shut off exports in order to satisfy the domestic man more cheaply. i think that's a very costly way to go about a rational good. you're interfering, you're interfering with that price signal. that's very important. learn. we're your

foot cars from the har work put into proud those the food on your own table. i'm by local when you can for the 360 view, i'm brooks on assignment. so when did it become wrong for a country to be economically independent? and why would it be the agenda of an administration to make policies and decisions which weekend to their economy and the ability for the people to be self reliant. it should never be the purpose of any government to create economy which enslaved the people to the government. and yet a modern day society, it seems to be the goal as welfare and entitlements are at their peak. a country the welfare system should act as a temporary safety net. not a permanent hammock, and working hard and seen the results of your work not only brings a sense of accomplishment, the sense of pride. when you are invested in something, you're more likely to take care of it because it is something you know was not just

given to you. you've worked for it, and therefore you will work hard to not lose it. every country should try to promote a feeling of economic nationalism at the very least, with the hopes of becoming self sustainable. and for those goods which are not feasible or don't make sense to produce, then relationships should be formed which are mutually beneficial. no country just like no man should ever strive to be overly reliant on another for that is also a relinquishing of power. and no power for our country will always result in no peace for her people. thank you for joining me on our chip, our series on nationalism until next time. i know he's a good 360 d. ah huh. ah ah,

ah ah ah, i think the south now justin, russia, morgan wolf as a partner. and as a great power, dispensable, know that image of a night, a response power. you caliber talent, ah,

i've actually found safety and embrace, since naziism is a jew, all of a sudden you're placed in a position where i can defend myself. now, i don't have to be afraid any one. on one hand, i'm terrified that they're going to find that i'm jewish. but on the other, i think it's so far away. i distinctly remember my mom sitting me down one night and her st. john, they're going to her, you one guy hunched me behind my ear and i heard somebody show now in the rest. in the punches, who started flying? and somebody shouted out, died you boy died. and at that point i knew i remember had an indian doctor. they came in and looked and said, there's no medical reason why yours. you should be alive. you to find something to believe, john story to the story of ho story victory,

and whatever i can do to help him, i would go with china stones by it's 0 code policy that spike western criticism beijing phase that certain social media users are being distorting by the sterile protest. mainstream media plates colon washington fis stop persecuting julian a thunder. so if they backtrack on their year as long smear campaign against the whistle blower also, and our headlines hopes, writes not peace in the democratic republic of congo. belief close alike can yet a new run to talk seeking to end the.