by change and whatever you do, don't watch my show stay mainstream because i'm probably going to make you uncomfortable. my show is called direct impact. but again, you probably don't want to watch it because it might just change the wayne thing. ah, it's alice hope headlines, right. now, one on tuesday afternoon after 2 us buying collapses over the weekend, the new york stock exchange stops trading at a handful of bank stocks that are crushing, coming just after president biden tried to calm the board was assuring americans that money is safe. the president obama roost says america has strangled iran, but decades. his comments coming as he held bilateral talks in toronto. the country's leaders reaffirm that commitment to build a multi polo world the bbc makes. so you turn reinstating its top sports

presented gary linux after sidelining him for comparing the nation's migrant policy to that of germany in the 1930 and so just when you think the world can get any more fragile today as we speak, the global financial system appears to be teetering on the following, the silicon valley bank collapse that has been dominating financial headlines, contagion fears, spread a shares and multiple banks all crashing and trading is being stopped on the new york stock exchange. now those affected include charles schwab, western alliance, and 1st alliance, 1st republic bank and a number of others. the list is growing and the crash is occurring while president biden sought to reassure americans. that money is safe, but refused to engage with journalists after he delivered his statement. all

customers who had deposits and these banks can rest assured, i want to rest assured that will be protected and know, have access to their money. as of today, that includes small businesses across the country, the bank there, and need to make payroll pay their bills and stay open for business. no losses, and i want this is important point, no losses will be borne by the taxpayers. let me repeat that no losses will be borne by the taxpayers with the president. what do you know right now about why it does happen? and can you assure americans that there won't be a ripple a past? due balance of evidence should all the positives be protected at all bank or there is the leader of the free world just high tailing it out the back door. well, we're well all the christians, great to see you. thanks for coming in the program or just when you think the world can't get any more insane. we're looking at these bank collapses happening now, and a lot of people are panicking right now, chris, just if you will, just for

a moment. how the hell did we get to this point? let's go back to before the weekend and all this. ok, i often shoud, right? because the mock has been closed over the weekend as well, which is an important point before we act entirely to what's happened and silicon valley bank. i don't think anyone had really heard of it outside of the, the tech industry until friday. really been with this news broke. so it's quite an interesting bank really worried, so it's, it's the bank in the 90 silicon valley. right. so most of its client saw start up businesses mostly predominately of the in silicon valley, which is the tech hub of the world of the western world that say that bank had the interesting thing about the bank robbery is that 95 percent of account holders within that bank, how, how $250000.00 or more in their bank accounts. right now, the u. s. government guarantees will only guarantee for 250 k, which for most people is more than enough. but for businesses and starts up businesses that had opened accounts here without catastrophic right,

especially in sit can valley where the millions and billions the rays every single day. so what's happened here? are you saying that only 250 k was insured by the government? is that correct? under, under the u. s. deposit guarantees. so what about companies that had, let me know, like 10000000. well, this is the crux of the matter, right? where we, where we've got to say it's $250.00 case there. this bank, and really, you know, it had done what most bank states. so a lot of people just to explain to the viewers at home, most of us know how banks work, but some people are bid on shore. so what happens is when you deposit money with your bank, your banks use your money, lend throughout the customer. and that could be big institutions, companies or just people like you and i that may want to buy a home and get a mortgage. and now the problem with this bank is they had over $250000000000.00 on their balance sheet. so they'd actually lend out $249000000000.00. so that doesn't really leave that much of a cushion, right? that say if something happens. so what happens the us hiked interest rates as we've covered a lot on the program. and that obviously makes the debt that they're holding on

their balance sheet, which was a lot of it within us government bonds was less. so this is a really key point to talk about. the interest rates are the key and critical point . yeah. yeah. so as those interest rates rocketed, the debt that they have, they have lent to the us government becomes less. right. so that left this bank with a deficit on their balance sheet of about a $1000000000.00. now once that happened, the bank bid exactly what the guidelines say, i would say the ceo acts the same. he said, well, i need to go and raise that $1000000000.00 now to make sure that my bank is in the block now will happen when he did that, that spooked a huge amount of people. a lot of money in the bank companies, mainly who then there was a what, what we could have run on the bank. so about $13000000000.00 which was withdrawn from the bank routing. and at that point the bank was totally broke, right? so then the regulates and the government have to step in and take over. now what i find really interesting glory is that they portrayed to be the leadership team of the bank as irresponsible. we had all the talk just before the weekend and over the

weekend. they will be responsive, they will be now i've worked for a number of regulated financial businesses. i wouldn't say my next, but i'm not just you know, disclaimer, i'm not a finance lawyer, but i would say i don't see anything within the guidelines that they did that was fiscally responsible. i would say the fiscal responsibility lies with the regulator and ultimately with the us. govern. ha, well, okay, so you bring it to the u. s. government, let's bring it further in washington dc. here. joe biden has come up with a statement, addressing the public essentially saying nothing to see here, move along, your money is safe. but then you know, when people, when often questions, i mean, the guy legged it out the back door just now. i mean, is it possible the biden, in some way is trying to avoid what could be a dire truth or yeah, i mean, i think he just doesn't have a clue, right? i mean, what you and i was just laughing at the side of that door. it's just a poorly read all you don't get any answers for it. i don't think anyone really knows what's going on. and really big suspended stocks on

a lot of small cap banks. i mean, be behind 250000000000 sounds like a lot of money. and of course it is a huge amount of money. but for us institutions is actually quite a small top 50 bytes where they have so many bank. so really, i think they just, they just don't really have a clue what's going on. and, and he's been asked to read this to reassure the market. bear in mind the us or the, the western financial system from this weird way that if someone believes what a politician saying is, and i'm a lifted, you know, will street or can every war for the city in london, not usually we settled the market and i think that's what we're trying to do and looking at the markets responding somehow, it seems like he might have pulled it off in a short time. yeah, i mean, we'll look joe biden right now. he's, he's come up with a bit of an emergency statement really to try and do say, quality markets and calm people down and all that but, but already, reactions have been coming in. let's talk about the former president donald drum taking an opportunity here or absolutely say we saw yellen, he's, you know, he's basically leading the charge for, for, by the see have to get who weekend that we messed up here. right. and then of

course, trump comes in, he waits abide in speech and he does his usual thing where he exploits the opportunity that any, any politician would with, with half a brain. right? so, so we've seen that there, but i think that chumps points are in saudi right. he's looking at this and it's a massive political opportunity because they already have this crypto etc x scandal . now this just makes, this makes it even worse. it compounds that problem is like, okay, so you, you've gone after this guy, but you haven't even looked at all of the other banks that you the, you survey and deal with the actual underlying issue. and the underlying issue is the entire u. s. economy, in my opinion, is fiscally irresponsible. we saw the vast printing of money, the height of inflation rates without anyone, seemingly understand what the consequences are if doing that, but you talk about the consequences. donald trump has put out this statement here and you met it where the consequences or not. let's have a quick listen to what the former us president had to say with what is happening to our economy and with the proposals being made on the largest and dumbest tax

increase in the history of the usa times 5, joe biden will go down as to herbert hoover, of the modern age, we will have a great depression, far bigger and more powerful than that of 1929. as proof, the banks are already starting to collapse. while he's not holding back as a donor tommy, he's not know of abiding his tongue. is he? but of course it's, it's a good political opportunity for donald trump. but you were saying janet? yes, yeah, janet let yet. and so i think she just added flames that fire and then that awful speech by biting just compounded it for. so maybe let's just say what yellen had to say, just, you know, before trump came out with that statement, right? america's economy relies on a safe and sound banking system that can provide for the credit needs of our households in businesses. so when they have her a bank, especially one like silicon valley bank, with billions of dollars in deposits,

fails, it's clearly a concern. you know, chris, some people like to say in the certainly, i think i'm one of them, frankly, the, you know, the global banking system. it's so heavily intertwined. i mean, the tentacles reach far and wide around the world. and that does seem to be a legitimate concern about knock on effect from this. and do you see a risk of a knock on effect and, and then, and then after that i'll be asking you something about this new multiplan world order. so what is the risk right now for norco? yeah, i think you're what tentacles is absolutely opt in this case. i mean, let's look at the us, right. the down ways opens quite light compared to the west markets. the foot fee in london opened before and we thought just really not really, i'm not a very comfortable situation for you. k companies, western companies that have their hops in london. and then so you thought about it now i think what we'll see now is just before the close of that we'll recover. but that's an awful nightmare for trade in london. it's basically the behalf of

whatever the us going to do later on in the day, right? and we see that across everything frank, we can look at any other market. and it just shows that, you know, all point that we're always making is that the us is dictating financial policy of every other country within the sphere of interest. they don't allow them that much freedom and everyone is sort of on 10th of waiting for what the fumbling man is, is about to say we just crazy. i mean, i mean time, one of the most common tools of us foreign policy is the threat of sanction. absolutely. and we are seeing countries all around the world forming these new strategic alliances. whether it's the shanghai cooperation organization, i see on bricks what, what we like to call the global self essentially. and as i understand also, the chinese president is using printing has just secured his 3rd consecutive term as the president, which is history was just being made on the last few days. i understand it's not a 100 percent confirmed yet, but the chinese president is coming to moscow next week. now he's what's interesting to me, we talk all about this multi polar world. ok? ging ping has just school is 3rd consecutive term as president. what does he do?

he comes straight to moscow. what does that mean? well, i think it's just the biggest part of the bite in administration. they divorced russia, i mean, we listen to trump thing i told you will do not get ross or in china to be best friends. i tried to prevent up and now we even saw the financial markets, the most stock exchange didn't really and moscow bank. so they didn't really differ from, from how they, you know, how they've been performing recently right now. and i think we've seen that in china as well, where i think we are really seeing a new multi polar not just walls order financial order with thing markets. finally break away from this us had somebody that has been trolling them the whole time. and i think, you know, sheets visit to moscow since a very strong signal to the market. it sends a signal, we are tying off systems, but economic and financial for those of russia. and those countries that genuine, are looking to create more wars and invade more country. we're going to do things a different way. we are witnessing the abroad,

new mechanism of power that is essentially shifting eastwards and you know, i mean this new multiple world chris, you know, we are living during fascinating time, a great contributor, chris ems always good to see you. thank you. thanks for what we did, i speak to india based managing director. it must use advisors on the south africa based executive director for 1st source money a couple of guests. they also say that the s v b collapse will have an effect on global mark. so you know, essentially if companies are looking to bring in better customer service and better innovation to their customers so which the larger traditional banks may not be currently. but now people may say that, look for security, we're better customer service and foster assessments other than better technology comfort, a security part, right? so there may be a flight of it from them, and the innovation that different tech companies bring your bank brains will get to

some extent, they'll take them to be harder for them. when back the african bank, especially in africa, highly exposed, highly connected to the global market, to the extent that i saw connected the collapse of if b b is likely to affect african bank in quite a large way and south africa in particular. so we cannot ignore that collapse that collapses, not just going to affect the american small banks to get better and more likely for monday, going on, going to affect you can bend some asian banks and things of africa. and indeed, some of the african countries are connected to europe, asia, and indeed the us itself. so africa will certainly be affected by the russian president, alexander lucas shank is in terren holding talks with his iranian counterpart and visit a strengthening economic and the strategic ties. and the valley russian leaders

says iran is the cradle of civilization with a great history, though it has been strangled by us sanctions the deck. i am pleased to visit to run the capital of present day or on which has become the cradle for one of the most culturally advanced civilizations. through the territory of which trade routes passed long before america was discovered. your ancestors knew about logistics, exports in transit, much more than those who have been strangling your country with sanctions for more than 40 years, trying to instill their so called democratic values. they forgot that every nation has its own values, which stems from its culture and way of life. well, of course, alexander lucas shank over the battle. russian president arrived in iran on sunday . and today he was warmly welcomed by the he's wanting counterpart to brian bracey . well, the 2 sides talking to ron extensively in wide range of m

like field industries including mining energy transport, agriculture i t. both sides are turning to each other in defiance of the western sanctions. as mister like ash ankle said to day in his meeting with brian bracey that he said that the sanctions are not threats or the sanctions or opportunities for both sides. so he advised both sides. iran and a better route to stick to those opportunities and should not suggest these opportunities as these. of course, the sanctions are pressures on the outside, but they are a blessing in disguise. for both countries as those sanctions, the pressures by the west are bringing and are forming a unified front on the eastern block. delacruz and other countries are also jumping on the wagon trying to come together and turn to each other in defiance of the western sanctions. brian bracey also said today that adela roach's of strong

country and iran eyes more cooperation with bella roost course. today the 2 side decided and find of course, a roadmap, cooperation roadmap would be to the 2 sides. cooperate a different fields, and today they signed those 5 agreements on m o used to just get closer and boost their bilateral ties. well, iran exceeded to, of course, made an exception to the shanghai cooperation organization last year. and bella, luce is also willing to join and become a member, full member of the s t o. and if the 2 sides joined this important organization, they can easily can facilitate cooperation economic cooperation between the 2 starts. so it's a 2 day visit by mister the cushion cope. and he will stay perhaps until tomorrow,

or perhaps he will return to his country today. but the outcome and the consequences of his visit are significant. it's a mad rush to the african continent. for example, the us secretary of state anthony blinkin is set to visit. busy ethiopia anesha, as the biden administration hopes to strengthen its interests on the continent. the trip is the 4th high profile visit by us officials to africa just this year. and almost the 1st time a u. s. secretary of state visits nisha on the agenda discussion of counter terrorism efforts, and that's a hell of region and plans for greater partnerships. well, let's take this further. now we're joined by economist and political analysts, yadda, holly mass gal, who's joining us here on our team international very warm welcome tuesday. so thank you very much for coming on the program. what do you think about this? i mean, it's like a, a rush for the african continent in the 4th visit by the american official. this year the secretary is going to europe and asia. well, powers, i mean, they,

they're, they're all zeroing in on the continent. these jays are china, russia, france, america. what is driving this interest that we have not seen in a recent? yes. ah, thank you very patient now. i think has been primarily i'm in the last 30 years since 1991. this union call are ordered and there was no competition. africa. it was just all ignored on the backyard. you know, you can see also, you know, from trump speech and so on. so, but now the significance of the horn of africa, particularly where you guys, it's a busy day by day. there is also there have been a conflict in your band on there. so you know, some how the u. s. was involved in that deal. so i think, i believe just wants to take that. yes, but you think, but you think it was one of the things that certainly get it gets thrown around a lot in analytical conversations. you know, china is a very important economic part of across the african continent. what does it mean

for the united states? do you think, i mean, it is beijing's role influencing washington's policy in any stretch? can you imagine? yeah, i mean, that, that's what i was saying, you know, dusty the emergency off in a competing power. you know the russia and then when i consider china is now in bedded in the china is the biggest plan to investor, the biggest importer. and then be also there. she is trying to keep port times about 12 percent off of the want to check this treaty and don't out of you know, per annum tools. the wrench to where we are now. and then 30 percent of the global content are passing through. so this area was probably the last, so since the collapse of the cold wires, you know, this kind of region was to ignore, pick technically many. there was some, i'm just curious, collaboration and so on. but now the emergence of probably most people are ordered is encouraging competition competition and wanting to touch on a very,

very good point. sorry, sorry for jumping. and i do apologize. but, you know, you mentioned multi multiplan world order, and this is exactly what we keep seeing nearly every single week, new partnerships, new strategic alliances taking place as some people like to call a lot of these countries of the global south and so on and so forth. out of the the d dollarization coalition. but let me, let me ask you this, if i may, africa on quote at the bread basket of the world. and it certainly seems that well summer saying that china, for example, is winning the hearts and minds of people on the continent building infrastructure, schools, bridges, railroads, hospitals, clinics, whereas some other professional pop is in the west. they go and they, with weapons and the threat of a stick, for example. what does africa want when it comes to its relationship with others on the global stage? yeah, i mean, it was, did, they was touching savvy guy africa was looking for, you know, a kind of me can that development partnership, which is china is offering at the moment in an austrian got touching that the

wanted a bank. and i may be putting one at another precondition to just even through 2 countries. so you know, the bandwidth shanty will increase there on a poorer p polls. and then the, you know, the privatized the chance on class of political precondition spots in africa. nice . now, immediately economic progress, but i think i was also looking for, you know, liberal democracy support on democrats is issue election and in. but i may count, was deliberating on that part because in many parts of the day, africa, even the peanut previous type of food during the cold war i make, i was justified to support, you know, it did to ship, but still that, that's has continued. and then the people you find for, you know, remote christy election and so on. so on became i did not expect the american interest. so that delusion in africa has not been making more and more you know, integration, economic cutter with africa. and then not only that, i'm not, china is competing on, even in america for to, you know, in american territory,

which is now, you know, encouraging africans to the exports of china. tax free, which i, you know, recently that may kept, you know, stopped at this privilege for a job yet, which is affecting a lot of people, the people working in text and industry. well, i mean, that kind of situation. yeah, i'm, we're talking geo politics. geo economics i and the race for hopefully a peaceful and prosperous future. that's certainly what the chinese leadership and the russian leadership like to say very, very often a economist on political unless you got it. highly mescal. thank you very much for joining us here. one ought to, and thank you very much. thank you. all right, to the front lines now, a little donuts republic, where russia's wagner group is leading an assault against the ukrainian stronghold . you know, the city, it's our cha mosque, also known as buck. mood. it's leader says that as the fighting has become more intense, key of is sending more forces to the front lie. nobody knew. i'm family. could you hear the situation is difficult,

very difficult. the enemy is cut throat fighting for every meter. and the closer we are to the city center, the harder the battles ukraine's throw an endless reserves. we are moving forward and will continue to move forward. we will not dishonor the glory of our russian weaponry. people could, i mean, he added that russian forces and al, currently just a kilometer from the city center. the area has been a focus of intense fighting for months with entrenched ukrainian troops alongside european mercenaries while they're all flanked now on both sides. this comes as ukrainian commodity has admitted that its military supply routes are being cut off by the advancing russian forces. whereas with me more sure modern, it's hard to hold every building. there is a particular danger that the neck of the cauldron is no more than 4 kilometers. without logistics. there is neither a rotation nor a supply of any nation. we understand there may be repeated over to bells of colds in a situation where the roads are cut off and an intentional withdrawal of troops can

endanger during tar colon. your crisis president zelinski claims that he's called up troops from this f o j region to reinforce our char mosque. that sounds key f as de monte mole weapons from his western partners for the conflict. so was eager to dan off now reporting on how russian weapons are giving its troops. the edge against the ukrainian military western countries have approved trans of to tranche of their weapons and equipment to ukraine. so russia has had to raise stakes to some of russia's newest combat vehicle modifications are already here in the dumbass and they have already been tested and their work has been proven on the battlefield quite a few times. ah, the vehicles tracks spew dirt on us as it storms paused towards the front line to cover infantry salt teams. it's how doesn't offer much protection,

but what it lacks in armor, it makes up for in speed and fire power. ah ah ruth. it's designed to blitz the enemy, released the smoke bombs and disappear. the crew tells me this. amphibious infantry fighting vehicle has already met its match in the don bass. apparently american bradley's from the most recent shipment are already here. when did studio show up

in nevada? our new airborne combat vehicle, the b m. d 4 is an excellent machine. works like a dream. of course the caliber pleases me. it is good against large clusters of opponents and strongholds against light vehicles. and it's also good against bradley's. it has excellent speed and low fuel consumption. the machine has proven itself, especially on the front lines. it has a high rate of fire, the ability to shoot from closed positions. we use the b, m, d every day, send greetings to our opponents and do not let them relax. moscow has been repeatedly calling on the west to stop military shipments. stop the escalation, all russia will have to match it up a ga, the west is called to inflict to military defeats on russia. they need to pump weapons into crate, including those that can hit russian territory. this presidency lensky has publicly requested such weapons. we have strongly warned the west against providing that it is effectively waging a proxy war against russia using hands bodies and minds of ukrainian neo nazis. but

long range weapons would drastically escalate the conflict. and i sincerely hope that the fi reasonable people in the west understand that this i, if thee is only one example of russia's new weapons deployed to the, with the theater brand, new t 90 tanks lurk in the woodlands. drones, as sure in the skies, faster and more powerful missiles hit ukraine's infrastructure. d behind the lines . but the power of rushes biggest and most lethal weapon so far has only been unleashed a drill site. i'm a gosh, darn of reporting from the dumbass r t. meanwhile, the prime minister of finland, santa madden, has been slammed for attending the funeral of the leader of the infamous right sector, terrorist and ultra nationalist movement in ukraine. history repeats itself since with nazis. once again, nazis at the nazis funeral, marines,

santa, it all adds up. finland doesn't mind naziism, so i doubt she'd care, even if some one told her. as explain this for you, ukraine's president zalinski was joined by the finished prime minister at the funeral of the country's capital. lots of people conversed on the city's main square friday of last week, praising the command, but calling him a hero. when the western media cover the story they left out his very questionable past. let us give you some of that detail shelby, i'm going by the code named davinci. he joined the ultra nationalist movement of 18 during the 2014 might on coo and give off to the uprising. he took part in the fight against the people in don bass before his cruelty on the battlefield. he earned the nickname, chicken filo. after an infamous serial killer, and in a notorious interview caught so violent joke that he fed his pet wolf, the bones of russian speaking children were earlier. i was talking with janice, but colon editor in chief of the finish m v. letty media outlet. he was actually shocked by prime minister marin's actions. what's happened is a great shock. oh,

it shows the real scheme of the finished global leadership, whatever is explained and what kind of more views are bring up. we came up to or ruled the fact that participating and nazi funeral makes you a nazi and doing that by social democratic leader of freeland. it makes a bit very big question and a harsh provocation. this is a moment of truth for all the themes, and this happens only 3 weeks before the general election of boardman. this is a very every single not only do the world but the finished population as well. finish is sliding with the nazis and oh and we, we have a lot of things to pink and discuss about what's going on. and he's back the bbc pull to 180 and reinstates top present at gary linux.