a a with germany arrest 25 people on suspicion of planning to violently overthrow the government as president the set to arrive in saudi arabia, a booster, beijing goal ties, us both countries. strange relations with the u. s. lead washington 5 line posts on the program. no audits of washington's billions and military aids ukraine. the democrats say it's just not the right time walking a resolution to probe the amend loads of cash. a

committee alive from our studio here in moscow. you're watching the international money. is peter scott here with all the latest this wednesday afternoon. welcome to the program. and we start this hour with some breaking news. german police say they have arrested 25 people in a series of nationwide raids on suspicion of playing to violently overthrow the government. the suspects are said to be members or supporters of the rights burger movement, which is an umbrella group for several far rights groups whose aim is to get rid of the current government and replace it with their own. police insist those arrest concrete puns to overthrow the government seeking new partners, china's president is set to arrive in saudi arabia for chinese are some, it's a boost strategic partnerships. the visit comes as relations between both countries . on the u. s. have soured of oil production and influence in the middle east ortiz, rachel blevins. it takes us to the

a key strategic partnership. and the growing multi polar world stands to get even stronger as chinese president using ping visit saudi arabia for the 1st time in 6 years. while it may be a short trip, there was a lot at stake with reports noting that the plan is to sign off on nearly $30000000000.00 worth of agreements between the 2 countries. while china is saudi arabia's largest trading partner with bilateral trade nearing 90000000000 dollars last year, we can't forget about the geopolitical significance here, which is why this summit has attracted so much attention. the beijing is going into this visit, emphasizing its desire to continue to work with arab countries and citing their shared respect for sovereignty, independence, and territorial integrity, mutual non aggression. and most importantly, non interference in each other's internal affairs. china has always believed that there is no such thing as a power vacuum in the middle east and that the people of the middle east are the masters of the future and destiny of the region. china has always played

a constructive role in the region and never seeks any geopolitical self interest. and while they don't mention a country like the united states by name, it's no coincidence. so this summer comes just 5 months after joe biden made a visit of his own to saudi arabia, where he specifically voice concerns about leaving a power vacuum in the middle east. that could be filled by a country like china. let me state clearly the united states is going to remain active, engage partner in the middle east. we will not walk away and leave a vacuum refilled by china. russia room will shoot to bill on this moment with active principle. american leadership and riata appears to be just fine with finding new allies and then continued tensions with washington with south africa as president even suggesting the gulf king them is considering joining the bricks alliance, which would bring it even close search,

both china and if key partner russia, speaking of oil, it's also likely to be on the agenda as riata is beijing top supplier of crude. as her reports earlier this year, that saudi arabia was considering accepting payments and due on, well, if that does happen, it would mark the 1st time the country turns away from the petro dollar in nearly 50 years. but rather than turning the saudis into a quote pariah, as he once promised, joe biden continues to promise consequences that never seem to come to pass. gonna be some consequences for what they've done with russia. what kind of consequences manenda says suspend all arm sales? is that something you'd consider? i'm not going to get into what i'd consider what i'm have in mind, but there will be, there will be consequences. so i do see it as a deliberately hostile act and, and what, why would we have troops defending a country that behaves this way towards us? it would expose that. but again that's, that's what they should be thinking about. the next time they decide to hurt the

united states of america in r, f was for years, we have looked the other way. as saudi arabia has shopped up, journalists yet has engaged in massive political repression. for one reason, we wanted to know that when the chips were down, when there was a global crisis, i just think it's time to admit that the saudis are not looking out for us. it appears that in the same way, saudi arabia chose to increase its ties with russia, amid warning from the us to do the opposite. it's now following a similar path and its relationship with china. c. this week summit is yet another sign that the multi polar world isn't just coming. it's already here going underground host austin returns the says that the upcoming summit could be a significant step towards the multi polar world. is it the most important meeting of the century? so far that perhaps it is in the context of a war in the heart of europe. and the fact that saudi arabia reportedly refuses to

cancer. jo biden's phone calls when it comes to oil production. we idea that he is meeting with she, gen ping, amidst an environment where joe biden seeks to sanction chinese industry and continues to ramp up the numbers of soldiers surrounding china in a myriad of the basis. so the significance cannot be underestimated in, in that context of the widening of the shang. i cooperation, organization the whitening of bricks. there's no doubt that the top read out from this summit will be the multi polar world, the drifting away of power from western nations in the decline of the u. s. empire, whether it will be seen in future years as a true marker of the transformational change that so many have been expecting will depend on whether the united states sabotage. is it by any means necessary?

that's what they've done in the past, and it will be the secret services, the military industrial complex, the weapons companies and lobbyist. what will they say after this meeting? will they even start to realize that to make money? let's help the climate. let's ignore this idea that the washington hedge a monic project must be saved at all costs when it is now doomed to failure. ah, huge, missing and growing 8 c trillion dollars in hidden debt is now owed through international foreign currency swaps. according to the bank for international settlements, the central bank to the wealth, central banks, which was that the debt could undermine the global financial system. the bank raised concerns and his latest reports in which it said this year global markets of hero had been navigated without major issue. its main warning though was the swap debts blind spot. this said risk leaving policy makers in

a fog is estimated for both non us banks and non us non banks, which includes pension funds, dollar obligations from global currency market swaps are now double the on balance sheet. debts. report wants that the missing debt could leave policy makers in uncertainty are joining me now in the studio to break the story down from its financial technology and shopping to chris and chris. welcome to the studio. thanks for joining us today. me know, i belie and see if i said i understood exactly what i just read then. can you explain to me, in layman's terms, please like the significance of this for a trillion dollars that's got missed and so, so let's, let's break down this mechanism of how this money sort of moves around the world's, i say, up to different figures, say different things that say, 87 percent of all of the worlds financial transactions settled in the us dollar. now that's really great if you're the usa, right, because you're printing the money, you're controlling the money,

you know how much to print, and you're basically running the global economy through your own currency. where there's poses of risk is when i'm, in this case, the fed, which is the us, the central bank will i need to know how many dollars there actually are in the market. the issue with this that we're seeing now is they just don't know because you've got this off balance sheet debt that we, that we just found out about, which is which poses a massive problem because the fed needs to find out number one where that money is is the most important thing because they got to send it to someone and also how much they need to, to, to, to print and how, how they set their rights. if we take the u. s. right now they've just told us they're going to keep rates at 2 percent. now that's the big issue for the global economy. if we have an unaccounted trillions of dollars of dollars, because if the dollar dips, we're not going to have any way that they devalue the current. i mean, right is actually, we're not gonna have a way that they can be valued the currency unless they change their rates, which they've told us they want to because it will affect the u. s. economy dramatically. and how does this affect of your average person on the streets?

obviously this impacts investors, but we mentioned that some of this money belongs to pension funds. if i were a pensioner, should i be concerned by this? absolutely. you should be concerned, right, because this is money that people have been told by the governments, by companies they work for, give us the money and will cost for you. but the issue is that when you're performing the swaps, what's happening is a sovereign nation is essentially placing their own currency as collateral against the dollar. now what happens then is when, if the dollar drops, they get margin calls. what's good a margin, which basically means some of that money is taken, which means the pension fund could lose shoot amounts of that. those people's money just by having essentially gambled with it in performing the swap. right. that sounds quite, quite concerned in chris. is there any way that countries can sort of track this money is any way that you know, this can be resolved somehow, where the, the only way to do it is if these financial institutions actually reports and are actually obliged to report that off balance sheet money that's the biggest problem

here, is that financial institutions have been able to hide this debts from the walls. so, and that's the, you know, the global economy comes together. and specifically, the us who hold us thought is that really dictate how they used around the world, say, look, you have to report that in your accounting if we get so we know how many they are, all that's really the solution, but whether they'll do it or not that's another question. the we said just then in the news talk is that there was markets had one that is a real market crush alert. do you think that generally, could be such a risk posed by this missing 80 trillion dollars marketing across some really good question. i think there's a risk in general right now in the global economy. we just had the cobra pandemic where most governments, but to take to the us government printed trillion billions and billions upon trillions of fresh dollars that no one can seem to account for not just here, but in terms of how the stock market just went. zoom the cobra, which made absolutely no sense in every market went off, but every market didn't really go up in my view because, you know, companies were performing well because they weren't because most of their employees

that's be honest. what it was, they were at home sipping a cup of tea, but the company performed hugely, i'm really that was just the influx of dollars. now you're just, i think what we're seeing now as we're seeing and for domino effect of all these things happening. so i think we're already in big trouble and this is just another thing to add to that, that cale some trouble that we've already experiencing, right? it could be so the straw that breaks the camel's back as it were, one of yeah, yeah, it's, i mean, obviously, you know, this record inflation in the u. s. u k. is that around 1011 percent or something now? is, could this also pose an inflation risk? absolutely, because at the end of the day, inflation is caused by, by, by currency movements and manufactured asians and an effect from economy. the fact of, if you can account for where money is and money is needed in order to buy things, then you've got a really big problem that could cause a situation situation of hyperinflation, whereby a currency becomes worthless. it becomes, at the end of the day, this just shows us, we can't trust the us dollar. if the wealth stop trusting the u. s. dollar tomorrow,

which is sort of starting to happen. we've seen these moves from russia, china, and a lot of other nations where they're starting to trade in other currencies, apart from the us dollar that can have a massive knock on effect, particularly for western economies. so do you think that this, this would obviously help, you know, and the head gemini, of the, of the u. s. dollar and stuff. it's a good thing that the schedule of the dollarization going to maybe even a shift to solve crypto currencies as well. is that the answer hill? no. yeah, i wouldn't say correct. so right now is exactly the answer to the problem. i think the problem with, with this whole, this whole issue, right. it's great that we're moving away from the have any of us dollar, but it has to be phased out gradually. you can just switch it off the nights and what, what, what's looking like happening here is we're actually seeing how the us is trying to strangle the rest of the world to use that currency rather than being open and honest with the world and saying, look, we realized that we've been controlling the global economy with a piece of paper for the last, however long. let's figure out ways to work together so that we can introduce these

are the new currencies, like the chinese women, be the rubel. you know, any other currency that is now bitcoin, even if you like, if you brought up mentioned crypt site into this global basket of resolve currencies. now the report that we mentioned before, chris, he said that the lack of information surrounding this these missing trillions of dollars is making it hard for policy makers in many different countries to sort of plan for the future will feel take as i was just really a sort of umbrella in the spokes of the bike as it were. yeah, i think i think it is. i think what we're seeing now. unfortunately, we sending a very, very similar situation to 2000 and nights where we had in global financial institutions . the just want being honest with us, they were borrowing and lending money to a, b, c, d, e, f person without actually having any kind of governance, transparency over how they were doing it. and they found different ways like this, like a loophole where they can hide, they say, and hide that there. if that's be honest, if you and i did that with all tax returns, we go to prison. so these institutions appear not to have really learned from the

mistakes of the past. absolutely. or maybe they did learn from the stakes in the past, and they've learned how to do it better. right. well, yeah, quite the point. well, chris, thank you very much for breaking that down for least a little bit wider now about this whole situation. pleasure to have you in the studio. that's finance technology trouble. chris adams. thanks. the us democrats have blocked an audit of the nearly $20000000000.00 talking about money and military aid. the washington fence ukraine republican law make behind initiative, has flooded the results of the us house votes on the proposal as completely political democrats on the foreign affairs committee refused to support an audit of ukraine because they are blinded by hate for me and made the resolution purely political pathetic, you're hearing margery taylor grain. she argues that this is a partisan political move. ringback this is simply about her, but if you listen to the foreign affairs committee meeting and when they discussed

this resolution and the possibility, the democrats seem to give the idea that they were open to some kind of transparency about all the money the united states is provided to a country that's been described by the new york times and other outlets as notoriously corrupt. they just seemed to think that the time wasn't right. that was the argument that democrats were using to argue that it was not time to open the books at all for transparency and accountability, but not in this resolution. not now the author of this resolution who said november 4th, if the republicans, when the majority and the election, quote, not another penny will go to ukraine, unquote. that would suggest that the sincerity behind this resolution isn't there. that what really is the agenda here is to cut off all a to ukraine, and that's why this member believes this is the wrong time to do that. so as you

can see, a rather than discussing the problem of where weapons have been ending up an unanswered questions about all the minds dumped into. yeah, i, instead they made it a personal attack on marjorie taylor, grain the member of the us congress who put forward the resolution. but many people are looking on and realizing that there are a lot of questions that need to be answered. the recent audit of the pentagon turned out all kinds of money that was on, accounted for, and that prompted a journalist to confront the department of defense representative and asked some questions about what this could indicate for ukraine. how do we know that you can keep track of pentagon and inventory is going to ukraine, that you're not sending them stuff. and then coming up, you have a major short focus, shoot, you don't have a good enough inventory. this going to come up as an issue at simplistic right, but i don't want to give you a sense to chance to x and get ahead of that. count ability is important here. and

we can always improve the ways that we do things here at the pentagon. and the way we are accountable to the american people. so ukraine is certainly a teachable moment for that representatives is set to change hands in january when a new congress is sworn in republicans will have control of the lower house of the u. s. congress. so marjorie taylor, grain and others, and indicated that they may change this policy and we may be getting some answers. and the flow cache from the united states to kia may not be as generous as it currently is. which is the form in this as the india is poised to take a leading role in the multi polar. well, sir gala rove was applied to a question from the audience at the prima of readings, international form in moscow. when you did fuck in monte bono now in increasingly fractured scenario, what are the attributes required for the full of the bus from us, from loser?

when a country becomes the lead in its region through this and in the global arena, india is one of the leading countries and economic growth. if not the 1st, it will very soon become the most populous country in the world. india has vast diplomatic experience or 40 and reputation in its regions for ukuleles also used bullets. get more details from our correspondent dental call to who's covering the forum. thanks for joining us this afternoon. dawn. what else was said that today? easy, either peter? well, this year's annual pre mock of readings forum is called the transformation of the world order your, the ration dimension. so as you can imagine, a lot of the discussions that have been taking place here been based around the new emerging multi polar world order. and to discuss issues of global and regional importance. a lot of experts from around the world have gathered here. they're in attendance as well as high ranking russian officials actually specifically. like

you said, foreign minister survey. laugh rob gave a speech here and was an intent in attendance. his speech basically focused mostly on the aggressive nature of the collective west's foreign policy agenda. and he, what he focused on a lot is the fact that they have given basically no consideration to treaties that are supposed to prevent the spread of military alliances in europe at the expense of the national security interests of other countries in or near the european continent so that's, of course, one of the actual reasons that russia launched its military operation in the 1st place. and it also ties into a recent comment made by white house, a white house official, john kirby, when he said that no, a threats are actually facing russia. right. now, well, ross fired back at that comment. he said that's, it's easy to make judgements like that from the safety of across the atlantic, and that moscow was more than capable of making that determination by itself. according to lab rav, he said that all this pretty much shows that nato is not

a defense of alliance, but it's actually working to divide nations around the world to accomplish its own foreign policy goals. let's take a listen to what he said. you are your foot of interest to that organization. the north atlantic alliance not only declares its dominance in europe, but at the madrid summit had proclaimed new approaches, including new responsibility in the in though pacific region to try to turn india against china. and your concept of into visibility of security has appeared. but in a different sense than in the o. s. c, now they say the security of the euro atlantic and the end of pacific region cannot be separated. now we also heard a lot of criticism of us backed regime change around the world. specifically, the fact that the collective west labeled mar gadhafi of libya and saddam hussein of iraq as dictators. and then unilaterally made the decision to support the people who killed them and over through their governments lever. i've also mentioned that

libya and iraq actually had significant social programs for its people, as well as protections for human rights in comparison to the kind of chaotic situation we see in those countries post us back to post the western back a regime change in those countries so that's basically a rundown of the main topics that were discussed by survey leverage and what other experts here we're talking about as well. or don, thanks for bringing us from the highlights of the premier of readings international form in moscow. thus, i'll see correspondence. donald calls, thank you. earlier we caught up with the indian defense studies experts, so john chin oil at the forum to get his take on how relations between moscow and new delhi a developing. so in india, there is a great deal of goodwill for russia. russia, as seen as a time tested friend. we have cooperated very well on multilaterally shoes in much let were fora, at the united nations and bilaterally. as you are aware, we have

a very deep engaging and abiding relationship. russia is one of our top 3 ah, oil suppliers today as you know, oil is of any fungible ah, commodity. it is readily available in the international markets and india owes it to its people to secure oil and energy on the best possible terms. and so there is nothing to prevent india from sourcing russian oil. and i would imagine that a large number of others, including the e u countries, are also sourcing russian energy as in when they required it on films that they deemed to be beneficial or to themselves. and now to the don bus region where ukrainian rocket sacks have left 6 people dead in the city of done yet, according to local authorities. mm. the footage you can see here

shows strikes continue in overnights, local authorities say 6 grad rockets were launched. the city by ukrainian forces and he could see the aftermath of the near city sense had been shelved by ukrainian artillery strikes, damaged, multiple houses in the cities, residential area, local kindergarten, and also spots a fire in a denounced university building, which took several hours to extinguish well that's all from me, peter scouts, but ortiz nicky, are and will be taken over the top of the hour and she will take you into the evening with all the latest news. thank you very much for watching. ah. as b, e, you finalize is either another round of sanctions against russia. there is a growing awareness among europeans, but in washington stands the gate economically from the west. proxy war on moscow.

western sanctions are punishing european. is this what the european find out for a russian state will never be tied as on the north slam scheme divest. mm hm. then i can also send up for a group in the 55 with okay, so mine is 25 and speaking with will ban in the european union, the kremlin media machine, the state on russia for date and our t spoke neck. even our video agency, roughly all band to on youtube said with

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with full credit, it's going to be out of wood, from beach. but still, these are that efficient. but in the board with with the 1st time in history and the entire country's culture has been cancelled the very modern weapon council culture really desert.

wonderful. i was such a fraud kit, just me sitting on it with the phrase now particularly refers to counseling russian culture yet them know what to create the field. because it to william i was sure which will be all there is chill out there. so that the most of the temperature random eat them, we what rushes created over the past 1500 years. there's no question. ashley condemned, reviled and rejected. to sit in line with me at the will of bramble. there's a lot closer on a whole bunch. thank you said a little short list. joining total condemnation, gross daily, and now includes dostoevsky to cascade shostakovich that i need to you all to left. but yes, it also says that what the time will you do? obama lee, you're not going to do that

a little bit more. ah ah, she wrote in a village is 20 kilometers from mary you boat. it was once a resort by the sea of us all with a population of about $1500.00. the past 7 years, it's been called a ghost village. the as of regimen took it, obey in february 2015, 80 percent of the houses were destroyed and people had to leave the nationalist battalions and the ukrainian army mind the place for 7 years in march. this year

with the beginning of the special military operation, the dpr people's militia gain control of the village, russian sap as a working there. now. for the 1st time in 7 years, she rock and the residents have a chance of returning. or what i'm, which is why not my choice is sure to get us the model. he took all it to new. donna no stood up with students. so to build or bought the police know of shit. mm. on the piece on our, with our community up was or so what audio visual spoke with the supposed check every yard house and street people left in a hurry. they thought they wouldn't see their homes for a long time with brainless male. as you see, the corona bush go below green glint grants. great. she put you to do is will stop