is this the union city leave the disclosures? yeah, i mean to say yes. lemme the suggest is a question we get home with ah ah hello and welcome to cross stop. were all things are considered. i am peter lavelle as the e u, finalized as yet another round of sanctions against russia. there is a growing awareness among europeans that washington stands to gain economically from the west proxy war on moscow. western sanctions are punishing europeans. is this what the europeans signed up for? ah,

cross sucking transatlantic tensions. i'm joined by my guess by in, in los angeles. he's a strategic planning consultant, a private equity advisor and an independent economic analyst. and in paris we cross so shocked, so appear. he's professor ameritas at the school for advanced studies in social sciences. i gentlemen cross sack rosen, take that music and jump any time you want, and i always appreciate, i let me go to you in los angeles, you got up earlier for the program. we much will very much appreciate it. i want to start out with this news 1st here. this price cap on russian oil, but it has been sponsored by the g 7 and others. oh, what do you assess it to be? because, you know, this is a commodity that a certain number of countries say that you want to control the price on of one particular producer isn't good at work. and should russia be worried? go ahead in los angeles. well,

the west is throwing the kitchen sink at eurasian and west station monetary integration. essentially, that's the bottom line. it's not going to be discussed. obvious in western press, but those of the underlying stakes like price capping oil as a flacid hail mary, pass to use a football analogy. does the whole concept of a quote unquote buyers. cartel dictating price caps against major energy producers, shows desperation against losing essentially obsolete monopoly pricing power is from dangerously over leverage, speculative market centers mean london, not ensuring russian energy transport vessels as pointless as well. because moscow's already arranged for alternative asian ensure. so the stuff is just optics . immediately rushes going to simply call the west bluff and prohibit crude exports at any price lower than assign caps. or really at this point at any price, the mosque out deems is a floor. where will this makeup of that cheap russian oil or natural gas?

a supply come from ultimately iran, venezuela, or the saudis, all of whom are leaning further eastward anyway. north american gas via c transport an obscene price multiple to russian gas. any reduce russian energy supply is going to just boomerang on the set price caps, while russia simply continue selling energy to inevitable cap to factors. who are it's longstanding, loyal customers anyway. i mean, that's because in contrast to fee money, oil and natural gas cannot be printed, neither can gold, silver, platter, palladium or any other vital industrial commodities. hence, momentum as with the east, which sits on these physical commodities. and i know these customers of russia gonna continue to just benefit at presume discounts while all of europe freezes to death. oh, i get when i say with just one more 2nd here i do you see price distortions as a result of this?

because this is what some people are claiming that the price of oil actually could go much, much higher because of this price cap. yes, and that's, you know, because at the core of it and you know, the oil price caps, you're going to see distortions. you going to see fluctuations is kind of ultimately benefit the suppose it ah, victims of the caps. because again, they sit on the commodity itself, the oil price capture ultimately about beating back rapidly building eurasian momentum against over a century of trans atlantic. global monetary standard. dominance be a by the dollar now or by the pound, sterling before gold and other vital commodities back digital currencies are being introduced by russia, and it's close ally china to specifically replace the at this point, i think nearly half a century old u. s. petro dollar reserve recycling standard, as russian china have been hoarding physical goal for this very purpose for years now, that coupled against a wider building, recession, a hand imminent global sovereign debt crisis. the economic and best political

stakes for the west of never been higher. and hence, they're willing to, you know, further, can continue to sacrifice their own consumer base with out of control inflation, which in turn is dictated by energy prices foremost, which then dictate to all other commodities agricultural or otherwise, in order to try and buckle this building momentum back east. well the shockey here in paris i'm, i hope it's not getting too cold there. but this is a choice at the europeans have made here. um, and they talk about getting through the winter, but not just this winter. there's a huge displacement going on here. have the europeans actually thought this out, because as high as said, you know, many countries in the world by russian oil, europeans don't have any kind of corner on the market here. jack, go ahead in paris. well, i actually, i see that the price caps, it is a kind off, but mueller of desperation of rom, european countries. and as a g 7, of course,

i know everybody knows that that will not work. everybody knows that russia add a lot of time to prepare for zis or an application of price caps, and we'll probably introduce our some count term is used for that. and a, you know, and in the end, ah, i seeing that a urine countries e u countries, i will not be very, very, am hope to say it will be very uncomfortable with this kind of news which has being proposed mostly for political effects. you know, governments were under pressure to do some think ok, but what is the deed was something stupid and now is they have to leave

with the consequences of what the deed. so i think that this problem will not be a major problem for russia, even if, even if it could reduce the volume of some or export. yes, that's quite possible. but as a major problem will be you and probably the oil price we'll trying. but again, you know, that right now is, are slightly more than 80 st dollar a barrow. i'm talking in breadth of worse and a cool move up to all the ninety's or maybe over the one hundreds in the day to cops. and this will again arise, raise

a major a problem. i know the issue is the endo go on the years of oil and shoe. and zack is positively important because a large part of just oil, which was consumed in europe was imported from russia. now, if you are not importing just oil from russia, prices will crime by what, remember what exactly you're saying here is that ok, the europeans will have to import other oil from other series that will be much higher in price while russia is selling its oil to other countries at a discount, right? yes, yes, yes, the republic solar, the what happened with india and china and mostly india, you knew that india isn't ease now, reselling to europe to e u. countries and refrained products are at of course the market

price, but z got boost oil at the discount price. so well, as i said, very good for indian refiners, but look good a for a you and certainly not both of you industries. okay, wait a pie so you know, so what we're going to do is he, the indians realised that the europeans became rich off of cheap, reliable russian energy. now they're going to do the same thing. ok. this is not difficult to understand pi. yeah, the other thing you are both of you just mentioned, i agree with jack. his analysis is, i mean this is like 5th degree of 5th dimension. chests, whatever the analogy you want to use, because ah, as the oil price spikes that are $200.00 a barrel of it, you know, and yet india and china and these kind of traditional loyal customers to russian

oil and natural gas benefit from cheaper pricing. all of this will gradually dovetail geopolitically into serving what i mentioned earlier, this eastern currency play, which seeks to replace the petro dollar standard. and it's aimed at doing that in order to make it attractive. a showing the dysfunctions of western stayed, you know, obsolete pricing of powers while disabling sanctions at the same time against russian or partners. and while lowering inevitably lowering energy prices for these consuming countries, which will then become attractive to europe, north america, and other parts of the world that are like, what are we doing wrong? whereas india and southeast asia and east asia are paying such attractive prices and growing as a result and not freezing to death. and ty, at the same time, these countries will be buying the oil, not in dollars, very important. not in dollars, correct?

yes, i mean that's what's being essentially set up is an alternative that's been an years since the make. i mean that the chinese were very vocal about 12 years ago. 2010 to the west sang look at this is unsustainable to just continue to have a dollar monopoly on pricing of, of these vital commodities. so gradually, a very patiently, they'd be putting a, the mechanisms in place in order to essentially marry oil to gold. i mean, what this is, if you, if you think about it and, and, you know, just, it's gonna laser torpedo, the death star center, cor, reactor, exploding the battle station to just the merry gold and oil. 2 of the most vital a, you know, monetary and consumable commodities on the planet. a eurasian gold marrying oil pricing and trading is essentially toto pulling the dog, pulling the green curtain back on the wizard of oz, while his yelping pay no attention to the man behind the curtain. the 50 year old

monetary confidence trick established by the saudis, and the nixon administered administration with kissinger spearheading the tactical strategy. all of that is about to get optically overturned, thereby triggering a derivatives crisis. that'll bankrupt the largest financial institutions. if it's a lie automatic all night, let me know to apply. we have to get on go to a short break. and after that short break, we'll continue our discussion on trans atlantic tension. stay with our tea. ah ah ah lou ah with

ah ah, a new deal. no exposure to real, real honest with project with that other with the money and i love this

with my beer that would limit a shape out becomes the advocate and engagement. it was the trail when so many find themselves well, the part we used to look for common ground. ah,

welcome back across stock where all things are considered. i'm peter level to remind you we're discussing trans atlantic tensions he's got like a shock in paris here. french, the french president mc chrome was visiting the united states on a state visit. and he kind of make, actually pointed out to biden, that when the u. s. administration is doing the visa v, europe is well, very, very painful. the inflation reduction act, obviously misnamed, but it's beginning to pinch now is really beginning to pinch that the americans are, are, are really damaging the european economy to the point where i've been saying over the last few months with my guess is that b d and the industrialization of europe, it's real. go ahead in paris. yes, yes, yes, yes, it said to the real, of course, prisoner my call, as for queues to on the inflation reduction act and it's

a protectionist content. but the main problem is the fact that with higher energy price in europe and higher energy price will stay with us for years. because just, you know, are changing from a gas o to gas. and to ellen g, gas, east to increase the cost of energy by cearti to $50.00 persons. so it's a problem of industrialization because of i a cost it ended. g is a very, very real question. and the problem is not just because an inflation reduction act of worse it's a protectionist act, the by the united states. but by the way, it's not the 1st time in the united states are doing that. and we don't have to be so much surprised by that no, the main ease, it causes a general cost of energy and all the muses taken. you know,

one of these sanctions will arrange the cost of energy to a considerable extent. and this will create a tremendous bus to ward d industrialization off to rock and re location off. most of induced trees, either in united states or in also country ally, maybe a, a j via, or morocco game of at pine. i mean the, the u. s. is really a, is aware of what it's doing to it's great allies in europe and their common cause with ukraine. i mean, this is a, this is robbery and, and, and the europeans are going along with it. i mean, they're complaining a little or they're pointing it out gently pointing it out. but the, you know, they put themselves into a straight jacket pi. yes. yes, yeah, i mean the masses across europe as jak just intimated, are increasingly on the side of what essentially german industry of

pre merkel and even during merkel, og, we're leaning towards the east. i mean, they're the rational people and they're also endangered now. ah. and so, yeah, i mean, this used to work as a lever ho geopolitical lever, obviously in decades past in the mid eighty's, the collusion a and between washington and saudis and opec essentially being run by london in new york and switch banks would do things like tactically drop the price in order to torpedo the show be the economy. it was that was a reprise of what had happened like roughly 10 years earlier against an obstinate shop. iran who wanted to start to set his own pass, so they torpedoed his you know, when you, when you tweak the oil price, you're able to do many things this time. i think it's a boomerang. why? because a deep recession is imminent. in the u. s. which will only worse and what the financial crisis kicked off in the way of chronic unemployment and diminishing

consumer returns against right. when the dollar is being a challenged is world reserve currency. so russia and china know what they're doing, the repricing gold away from the corrupt london bullion market association and new york call max while they're trying to oil. all of this will grant fair worldwide pricing for those monetary metals along with oil. eventually, while taking weaponized economic hammers away from the us treasury department and not just against russia or its allies, but against really anybody. well, shock and wait with the pressure on energy prices here. then prosperity in europe essentially comes to an end because it was cheap, reliable energy that made that possible, that they're not going to make up for it. then there's, they're not gonna have any new technology to replace this, or at least anytime soon. i mean, politically, that is untenable. how much longer can this go on? go ahead and paris. oh, we don't know. the basic fact is, we don't know each absolutely sure that this will lay to an info very richmond off

your rock. by the way, you know, even us some kind of politician like charlotte shells we is of course, one of the leaders of the e u. f. have that, as of course, europe ease on its way to get impoverished. now the main problem is will we be able to implement a kind of major restrictive ration all for economies and, or industries. you know, trying to get to live on the very high technologies. so to be able to lower as a general cost, only be cool, of course, depreciate the euro, but then we will run into a large conflict with as a german opinion, public opinion. so by the way,

what is quite sure now is that these impoverishment off, you will stay with us for at least 3 to 5 years after that. that will depend of course of bullish c. adopt, but i don't see right now. any kind of policy which cool a, get us up from this trap, and this is very, very disturbing. you have been pie, this is all done intentionally. i mean, it's not like russia sanctioning europe. europe is sanctioning russia and this is the result here. this was a craven choice on the part of the west. go ahead by. yeah, but it's not the craven choice of the people. i mean, i'm a good boy. good point. this is really kind of forcing the issue over who is in charge, and i don't mean, i don't mean just, yeah, who's in charge of the european union. i'm in hand to was macro ones that then and perhaps a perennial boss. but who is essentially trans atlantic in charge dictating policies

regardless of how opaque we run or you know, clinically retarded. they are, i mean it's almost begging the question over a wider strategic aim at depopulation 400 and 252400 milli foreign and 50000000 people across europe. what are they anticipating being in order to deal with on serviceable of debts and, and a public obligations and pensions and everything to try and buy what 2030, get it down to. half of that may i know it sounds like extreme thinking, but when you're, when you're looking at a who is dictating policies that are not popular at the, to say the least and will have very serious blow back. unless there's just full blown war. it really begs the question over a wider agenda involving just completely remaking the european map, not just geopolitically, but population wise,

and just the general makeup of what it is. so the, you know, d industrialization at the least. i mean, i'm very concerned about what the european cotton whether you're a member, the or not. i mean it's almost like a sacrificial lamb being set up in order to maintain the power structures of those that have been dictating, essentially, currency and monetary platforms for over century. now, image jacket, the that is not sustainable over time. okay. i mean, there is still the something called democracy, at least, you know, in a little bit of it left in europe. i mean, people are gonna start voting here. i mean, this is an unsustainable. oh, i'm not sure you know, on this, this kind of situation could perfectly be sustain aysa boy reducing the level of democracy in all countries or by i playing ways, internal divisions, you know. and right now you have

a lot of government which are as matter of fact, military government, look at germany, look at for all of a worse, you know, and mac floor m as less than 30 persons of water at the 1st round. and it has been elected by default, and this is also true in the lot of other countries. so we cool work. we as we could do with a lot off, i would say middle ritter in government. oh, do with a problem in suppressing some 4th or some kind of demonstration or with reducing the level of democracy and yes, ah, in the ann this situation, cosby sustainable, this is the, is a major tragedy. by the way, this situation will not be sustainable. then they're called b as some kind of, oh,

we call say yes of course, and people will react and this will in, into a major change of policy. but, well, i'm not very sure of that. and of course, we called the always be surprise, a look at what happened a, just in the ra, a right now. but nevertheless, i seeing that the power in place as a so much and hand on every single engine made years in different kind of way or for suppressing dissenting opinions. there. i mean, it may shockey, i mean there, there that we can have differences of opinion arising. populism been pi i having food and warm, that these are kind of basic things and, and on a continent that got used to that being rich pie. wow. prologue that go ahead, jack. no, go ahead, pie. go ahead. when did you go ahead? okay, just a quick a. what jock?

i was just mentioned, just made me think the past is prologue. there are playbooks. playbooks were tactically deployed with regard to stoking what happened in a ukraine in 2014 and sense. and i sense that trend will be applied by the quote unquote powers that be across the european continent. i essentially sri stoking fascism just like 90 years ago. and for the same purposes, to take on a researching eastern block, a eurasian power that, that is unprecedented right now in every way. ah, so, but you know the fascism than the fascism imminent will be stoked while blaming the hordes of a mongrels or whatever the terms will be used from asia, from the southern hemisphere that are quote, unquote, looking to destroy our way of life. expect a further disturbing eastern pivot, a based on who's running that well and we all know who to blame the elite that rule

over us. it's all the time we have gentlemen many, thanks my guess in paris and in los angeles. and thanks to our viewers for watching us here at ortiz, see you next time remember crosses old. ah ah ah, ah ah ah, ah, ah

ah, 3 with sandra gorda. he is throwing him to the old hon and the snow falls about oscar. when this comes with the last dance had filled idealists, we sprung from dosher hours from them to lower the do it in. yeah. and bt. do training a good gift away in the pals teacher skills on the edge. it's on the brown asia. so was to let them know the up against him because a little bulk them in the crucial chest middle school was all seniors. wookey bone is not as good p t. d still not up with the leukemia. well they need to work with up sheet. any video picks that will be a good listen to the i guess, but no grossi show. he missed his speech, they need to the middle, set them off, and you can give us his name. but did you do it?

he is a battle circumstances, this material, but he just touched up, even in the so clay unit should update those little bit misty look me. it doesn't help with them in the me abuse than me. she go, she returns ah, yes, please. and you'll have to renew my smile yet. so to you know, still as emotional specially chosen with lisa. there's up to anything. it took a little of doing piecemeal. mm. man. it's august 2022 for several months. the cities being on the intent showing from the ukrainian armed forces. ah, local hospitals resemble military infirmary,

most admitted woodwinds, coolest by euclid. the shells from various mines and shrapnel. give us before 3 for our own way, which in digital with us, with stations are among the most common operations here these days. after a mine wound, it's virtually impossible to save damaged limbs with their own little switching supporting nobody. so senior percent dental curriculums cuz actually we're still not on what you just get.