ah ah, does alco headlines or not the international as the emerging multi polar world brings long time reach and reopened their embassies? it is a move with enormous geo political implications. a run on the bank in the us leaves scores of companies and individuals holding the back is the country's largest lender to collapse since the 2008 financial crisis is shut down by federal regulations and that south africa deals with rolling blackouts. it's now faced with a shortage of water as a reservoir levels continue to decline just a padding to the list of problems in that country. correspondent reports from busy with

and so strategic partnerships continue to beloved some along many countries, opposed to the so called rules based international order stuff and out at 0 in on. one of the latest alliances as it is our top story for this hour here were naughty, international bricks, hopeful candidates. iran and saudi arabia have agreed to resume diplomatic relations and to re open their embassies in a deal brokered by bricks, men. but china, senior officials from the middle eastern countries helped talks in beijing, the delegations had this to say afterwards. i the talks this time have fully combed through the merits of the disputes between saudi arabia and iran, and explored effective ways to resolve disputes. saudi arabia hopes that this will open a new chapter in bilateral ties under the architecture of a brotherly relationship of china has provided favorable conditions for rich and

disagreement. is vivid demonstration of the basic policies and concepts of china's diplomacy, which includes the major initiative of building and community with a shared future from mankind. you're on firmly supports the relevant initiatives. drove on cash anguish. the improvement of the relationship of both sides has paved the way for peace and stability in the middle east. it has also set an example for resolving conflicts and disputes between countries. through dialogue and negotiations. china supports countries in the middle east to adhere to strategical, autonomy, strength, and unity and cooperation. yet rid of external influence and truly have in their hands the future and destiny of the middle east. richard to lead great news for the middle east and the whole world as iran and our saudi arabia finally decided to break the ice and resumed their diplomatic ties. after several years, after 7 years of frosty relations,

all the agreement came on friday and it was reached out in the chinese capital beijing national security council. i shall fall. he and his art are yours, exec syria and iraq, are the 2 sides have been at different ng yeah. and so all of those are developments wall and there embassies, i wouldn't that i bought for the deal, sang at the end of the day, would help their country stand up against her foreign actors meddling in that part of the world. i say panama, it is better if we have friendly ties with our neighbors, considering that the u. s. and other western countries enthusiastically desire to have their own military bases in iran's neighboring countries in order to have dominance on iran politically. and if friendly ties are constructed between iran and its neighboring countries, the u. s. will not achieve its objective in god are going to south america. this signed agreements can have

a positive points. and that can be indicated by halting the war in yemen. is rosa. israel is upset about the unification of islam in countries and cannot tolerate it . israel is certainly trying to disrupt this topic earlier. we were speaking with our wine when executive, i'd been of china's chung young institute for financial studies. now he says that more people around the world of simply discovering what it takes to protect and preserve their sovereignty. it's very important you bench in not only middle east about also, you know, china fall in china hoax that to not only the 2 countries, but also all other countries in the middle east could develop and by themselves or washington, they shouldn't be rethink then. why? now, in the world, they are more and more people never chance to washington any more, any longer. you as the main driver of deal legion know inc.

deputy and conflict on the middle east about also eastern europe because in the past 40 yes, the u. n. a hey, states has launched a lot of was in the middle used to at least a one meeting that people have died under the fi of the united states. for now. why the only people know the world clearly so called a germany of the days to be and as soon as possible. when asked for comment on the latest movies development between rehab and terror on the american president, joe biden shifted the focus to other countries in that region. what are your thoughts? i'm sorry, right? around really, really for medical ations are between neighbors and all this all comes,

some us officials reacted positively to the news saying the revival of relations between iran and saudi arabia will promote broader peace in the region. so that being said, the members of the u. s. congress took a moment to when it must be taken out, no more evil tyrants, whether it's the shot or the leader. iran hockey may barrier. who says, conducting regime change is at the end of the day, a fairly common practice now, of u. s. foreign policy. you see that the united states basically has a dual vision that looks at other countries, either brian or as enemies, and the definition were an enemy, the country that is, you know, systematically independent of being on major domestic or foreign policy with the united states. that is the definition of any u. s. foreign policy in perspective. clients and i need to go any higher. it is the reality of us. the basically look fast as century. you see that, you know,

the history of united states relations with the rest of the world has been filled with these kind of this kind of mentality to take out the government that they have problem with. i think the government will know for another time that regime change is not going to work in 21st century. when enough is not enough. joe biden has requested a record $886000000000.00 for the country is national security budget next year. now the vast majority of the wishlist is set to go directly to the coffers of the pentagon, or that opposed to pop and wants to use to tackle a perceived threat from china, as well as to provide aid to ukraine and funding for nato. pentagon also seeks to counter quote, persistent threats coming from north korea and iran. now, over the years,

the u. s. defense department has been increasing its spending. i mean, just in the last 3 years, the military budget increased by 15 percent. it went from 740000000000 to 858. some media report say the final sum for 2024 could be as high as 950000000000. well, we heard from sarah flounders, co director of the international action center. she says that washington is just going to spend more and more money on not on the every day, hard working, american citizen, this amount of money, the largest military budget of all time, exceeding any past military appropriation is a disaster for working people in the u. s. and for people around the world, it is a catastrophic amount of sheer waste into militarism by tens of billions of dollars. additional ad on working people in the u. s. and globally, really standing up to us imperialism. it won't come from congress. the democrats

and the republicans via, with each other to add on more and more to the military budget, to pass it almost unanimously year after year. i mean, it really is a staggering and criminal amount. and as they say, this amount is meant to continue the war on russia and to plan for war on china, while at the same time threatening a ram and countless other countries. meanwhile, the biggest bank collapse since the 2008 financial crisis has just happened in america. it occurred after the california based silicon valley bank made an unsuccessful attempt to raise quick capital, which settled a bank run, was then shut down by federal regulators. as we understand, the bank is now under the control of the u. s. federal deposit insurance corporation usually means a liquidation of assets in order to pay back clients. now even though silicon

valley bank is not the most well known bank, it still had over $200000000000.00 worth of assets and was intensely involved with tech can healthcare companies. we spoke about this with professor of economics and politics jack rasmus told us that the bank collapse is directly tied to the current us strategy of coping inflation. the 3rd cannot raise interest rates high enough to bring down inflation because inflation is mostly supply side. we can't do anything about that. so they're trying to take inflation down by raising interest rates, let us crushing demand alone, right? but when they raise it up a certain level between 5 and 6, i've been predicting you're going to start getting financial instability. and we see that already now with the silicon valley bank because the tech sector is the most exposed right now. and, and, you know, there's,

there's like $250.00 companies that, that have their money in silicon valley bank. lot of them start ups. and if they, if that bank goes belly up and they lose that money, well hope to start ups are going to go. i got a crush, right? that's where the government i think, is going to really jump in and bail it out. and i already signs the deal yet, but we don't know the contagion between silicon valley bank and other tech, financial funders, and other commercial banks that fund these tech banks. you know, the tentacles of contagion are, are very widespread and we don't really know it. because there's these tentacles, these, that tentacles are always very opaque. you know, we saw that back with the housing sector crash and we're going to find out over the weekend or start to find out what are the contagion potential here for the collapse of this bank. very important bank. and it'd be interesting to see what

happens on monday, both in a financial market stock in bond markets, and also all next week, because we'll beginning to see it will leak out of step by step, i think on, on what the contagion is. and it may shut down the funding of start ups in the tech industry for a while. i so, you know, it's all traceable to the fed interest rate policy. and by this policy of attacking tech, tech, chinese technology and trying to get the businesses to come back to the u. s, which is the part of the geo political. the problem with biden is that it's, it's all g geo politics. and if you're, what happens to the economy, be damped, really, as the u. s. tries to ring fence a, russia and china and the other countries who may align with them that the u. s. is bifurcated a slowly the global economy,

the global capitalist economy. but it's all because the geopolitical objectives, i believe and it's, it's going to be a big price to pay, i think eventually by young couple years from now. i think it's too early, much too early to say that i and unlike in 2008, oh boy, the government is jumping on this thing, ensuring bay aloud and so forth. already within 24 hours, see how they learn their lesson of not dragging their feet back then i, i think one of the consequences if, if there is contagion, is the feds gonna stop raising rates because they're going to take care of the financial sector 1st. and that means inflation is going to stay high and 345 percent. it's not going to come down. so there between a rock and a hard place, you know, do they try to keep bringing inflation down by raising rates or by raising rates? do they cause a further financial stress that the fed doesn't work very well? the policy doesn't work very well. any more in the 21st century, where you got

a globalized financial ais world economy. the impact on europe of washington's protectionist inflation reduction act was the key focus of talks between the use o'sullivan de leon and the u. s. president in washington. what had the story over to our correspondent his caleb on one listens to what was said by the european leader who met with the president of united states at a time. the countries are more or less having a subsidy trade war. one will notice that there is a superficial friendliness that went on. now the chief, she referred to partnering with the united states cooperation around l and g. i liquefied natural gas and it was only in a very shy way that she referred to the elephant in the room, which is that inflation reduction act, which is going to have a very negative impact on the european union. and the economies of european

countries with technology, with a plan. now the inflation reduction act will be taking investment away from europe. it'll be, have less innovation in europe. i'm. it will also lead to fewer jobs for. busy european and it's, it's quite a dramatic, dramatic move on and also mandates made in the usa only for certain deals. and it basically forces the european union. now, when the 2 leaders were speaking, they did emphasize that they both want to make russia pay for what they're russia has fallen from 130 to some emerging economies has shifted to a neutral position. the number of neutral countries has risen from 32 to 35 now

representing nearly 31 percent of the global population. some previously western allied countries, including colombia, turkey, and cattle have moved into this category as that guy that states the economic pressure that has been placed on the e u. so one has to ask how much this kind of photo op style publicity meeting will really change things? it certainly, i certainly tried to give the impression 5 years with the british prime minister, reach you soon. i can now think that the pair have found another way to counter russia in ukraine. we've agreed to train ukrainian marines helping to give ukraine a decisive advantage on the battlefield and for ukraine to win this war. we will jointly explore the development of complex weapons like ed offense, combat and long range weapon will skid yukon. our goal is to help ukraine conduct a counter offensive that it wishes to conduct. i've always had,

for my part that our prospect was indeed that they should be a lossing built forging conditions that ukraine will choose. and all duty is to place it in that situation. when french president, a mentor and mac ho hosted british prime minister re she soon on all day on friday . here in paris, i had the it is a presidential palace. it was the 1st time since 2018 that the u. k. and france had such a meeting, there was so much friction between mac hall and both former prime minister morris johnson and his successor of about 5 minutes list trust that trust at one point i couldn't even say whether michael was a friend or foe. remember also, downing street said last june that there was a lot of friction with johnson entrust, who was foreign affairs secretary at the time over michael's insistence on negotiations for ukraine over. busy prolonging armed conflict, but these 2 former investment banks, tre, bros, ross charles, michael and richie who worked for golden sax. got straight down to business of

doing what banks turbos do you best falling in line behind the establishment agenda . they tossed a huge bone to the military, industrial complex, talking about jointly developing long range weapons and air defense. they also said that they'll cooperate on training ukrainian forces. just last month, michael was promoting the idea of peace through negotiations. i don't think like some that russia should be totally defeated, attacked on a soil. these observe is want above all, to crush russia. this is never been francis position and it never will be the talking point now among western nations is that ukraine hast, when on the battlefield and that piece isn't possible until keith is sitting on the largest possible pile of weapons. only then we'll ukrainian present library zalinski being a good position to get the best deal with russia. they say, sounds more like it's the western weapons industry that's holding out for the very best deal on maximum sales. speaking of which washington is reportedly now

delivered some patriot weapon systems to ukraine, but as openly admitting their limitations against russia's arsenal. the patriot missile system is really designed to go after ballistic missiles and it's, it's not as effective on cruise missiles and it's certainly not going to be effective against drones. france also dis secured just under half a 1000000000 pounds sterling. so about $580000000.00 us dollars over 3 years from british taxpayers to tako migrants. literally to tackle them probably that is before they get to british shores, after which there is no word on any kind of an agreement as to whether they'll even be sent back to france or what will happen to them all those millions will also be used to build the detention center on the french side of the english channel without budget, frankly, it should rival vast sy, michael also got in a job about how brags it is the source of quote all the problems we have between the u. k. france and the u. well yeah,

because that's what happens when the people impose borders through brags it around their own country. the. busy gillis simply tried to erase. suddenly the global is just can't have things exactly like they want them and impose them on people in an uncontrolled manner, like migration, maybe stop stoking foreign wars if you don't have problems with the population displacement in your own backyard. unfortunately, judging by their increasing militaristic position, these 2 leaders have now taken on the conflict in your brain that really doesn't look like they've learned very much on that front. the china has appointed a new premier lea chang during the session of the national parliament in beijing. mr. chang is set to be a close confidant of president eugene paying and previously served as the secretary of the ccp in shanghai. the nation well supported by presidential paying, who recently made history is trying to 1st lay there, elected to a 3rd consecutive term and his new role. mr. chang is expected to take charge of

the nation's economy. rushers, the prime minister, michelle michelle. and i'm the houston. i should say, congratulated his chinese counterpart and added that relations between beijing and moscow are now stronger than ever we'll see g t and correspond judging. gang says that bilateral ties between china and russia are united by common goals, including for example, that of overcoming western sanctions. to cooperation between the 2 countries would provide a driving force for the multi polarity heading that the china russia times are not a threat to any country that strategically important for the neighbors who are not actually what some would view through the lens of code or alliances and they've been there been a couple of joint documents signed by the 2 sides of the past year. that thanks to the leadership on both sides. and they've touched

a wide array of areas with mutual interests, including trade, investment, e commerce, energy, agriculture, and education, se. and they also have the, those declarations on promoting the global stability and a comprehensive, strategic partnership of coordination. and i believe that 2 countries will also work on the currency shoes. given the u. s. bullying of sanctions. china is looking for allies, i would say that's the reason why. ching on said, russian and china, the bilateral ties are now at high time, but they're not posing any threat to any country. one of south africa is main economic hub is, is struggling to deal with water shortages and that some it rolling blackouts that have a well got the region. and in a bit of a crisis, now, the international activist organizations, greenpeace says that millions of people have been left waiting for water, which are stored hundreds of kilometers away in a reservoirs with dwindling levels. corresponding nolo voyo couldn't gay. bring

just more details from the scene. does one thing that you're all away off. it's the fact that what is life yet this, the vital natural resource is being depleted. it's been polluted and miss manners. official says, disruptions, water reservoirs is causing more water related disasters in africa and to tackle these challenges. citizens, the government's needs to one times the tops run dry the whole day. we then go to bat at the end of the day and cook, we can wash, we can go, we're not operating, we can do anything when that you've been given along on, but it's not, the water crisis is hurting as badly as i'm speaking to you. i haven't eaten because of situation. even based kids go to school without eating a bad thing because we have no water pipes or ignorance does that african water prices. it's yeah, it's getting worse than it's affecting millions of people. i think it's a well known fact that god, government at the moment is struggling with

a lot of service delivery issues. so well known fact that our energy platforms are unstable. and it's also well known trek that our water and wastewater and ridiculous systems all dilapidated failing, under severe pressure have been under capitalized. and in many ways all just functional. so all things being equal, i do not see the scrutiny around. in fact, i see you're an accelerated right of collect coming and i see ultimately this is very lucky to trigger unrest, nessa restaurant this guy to ripple across the country. and i'm afraid this is where we're hitting quite interesting to know that inaccessible all available. this means that the situation of water sitting or short ac unknown, we couldn't get into hannah's birth to the conflict in ukraine. now, where russia's defense ministry has released footage of the tools it's using to

counter the flood of nato weapons in the don't ask. republic, following video shows a british stormer on that vehicle that had been detected in the area. it was a subsequently taken up by a kamikaze drone. now they have become commonplace in the call for a to know, used by the russian military to detect and destroy ukrainian assets on the other side of the front line. some updates right now coming in from the conflict in ukraine as the russian military group. wagner has just announced that russian forces and their advance on out of trouble in the don't ask public now brought them to within a kilometer of the city center. the area has been a site of heavy fighting between russian and ukrainian forces for several months now. and this comes out recently, nato res concerns that the city may be overtaken by moscow in a matter of days. however, an aide to the ukrainian president claims that he have troops are quote, exceeding their goals. learn more about that at r t dot com. in the meantime,

thanks for joining us for the saturday program live from moscow. your stories were turning in about half an ah ah, well oh oh oh oh oh i ah

.