to base to support that risk. so if something happens again in these derivatives, as it did earlier this century, when we had the big crisis, those banks will be in jeopardy if these big bikes get in jeopardy from their derivatives. it will spread into europe when the president says something like biden, that's his job is to reassure people, so they come down. they don't rush to the banks and pull out their money. but i doubt if biden, or anyone in his administration or even the federal reserve has any idea of the extent of risk. if one of the very large bikes, the job banks, if they get into serious trouble with their derivatives, it will impact the rest of the world. that's the route for the hour and coming up.

china has broker de historic agreement that's reopened diplomatic relations between long time rivals, saudi arabian iran. this also leaves us out and will greatly affect the region more next, some cross. ah, i i, rick sanchez. and i am here to plead with you, whatever you do, you do not watch my new show. seriously. why watch something that's so different. my little opinions that you won't get anywhere else. look of it please, or do i have the state department, the c, i a weapons makers, multi 1000000000 dollar corporations. choose your facts for you. go ahead. i 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 way things ah ah ah, ah, ah, ah.

hello and welcome to crosstalk, where all things are considered. i'm peter lavelle. china has performed a master's stroke of diplomacy. it is brokered in agreement that we'll see a ran and saudi arabia again re establish diplomatic relations. this could be a step not only to reorder the middle east, but also usher in an era of stability in the region. today. washington is the odd man out. i crossed, sucking peacemaking. i'm joined by my guest, muhammad mirandi intern. he's a professor at the university of toronto in beijing. we have andy mock. he is a senior research fellow at the center for china and globalization, and in brussels. we crossed to perry manual tallman. he is a lecture at lee all university or a gentleman cross sack rolls. in fact, that means you can jump in any time you want. and i always appreciate, let's go to andy 1st sta in beijing. it's an amazing story,

a master stroke of diplomacy. a, like i said in my introduction, we could see a reordering of the middle east and singing stability there, which the western powers about only instability for the last 50 years. so it's an amazing accomplishment. but how confident are you that it on this, this of arrangement will hold? water will move forward because you do know that there are many enemies of this a gambit and it will be tested. go ahead, andy. no, that's absolutely true, peter. so 1st of all, thank you for having me on. i think that this is a milestone. it is a breakthrough, but it is only a 1st step. and as you say, there are many, many challenges on the road ahead and yet i think it is cause for optimism and hope as while he said, this is a victory for dialogue. this is a victory for peace. and we know that peace loving countries all round the world

support this and countries that are more committed to violence and warfare do not. and we have to see how things are ultimately play out. but again, i think it's caused re norm. his optimism and hope today on that note i'm home and in toronto, what are your thoughts? i mean, you've been on this program since its inception, and we have talked about how western meddling in the middle east has caused so much tension, bloodshed, and dis outright. a disaster for the region. this is an amazing step forward. western media is never giving it to the, the, the coverage it deserves here. because it works so much against their narrative mohammad, your thoughts go ahead. we have to remember that a bit over 3 years ago, the saudis sent a letter to the iraqi prime minister as to as a part of a process to bring about rapprochement and a general solid money. right. who traveled to bow godard to,

to meet the prime minister at 8 am, to discuss the letter to find a solution between iran and saudi arabia. and he was murdered by trump. so after that, after that, crime a while a bit later, the rockies again, tried to facilitate some sort of dialog, dialog began between iranian and so the officials, there was some progress, but they didn't go all the way. so what happened was the president, she, when he went to saudi arabia, in discussions with saudi leaders, a spoke about a mediation. and before president re sees a recent trip to aging for the state visit. the chinese want to ask to see if the riots were ready for them to mediate if they would accept

chinese mediation and iranians. during the talks in beijing, the iranians, the running president accepted. after that, we saw intense negotiations in beijing, which a while back a week ago. and the results are that the 2 countries iran is saudi arabia will be star ties. and that goes against the interests of the united states and israel, east and sadly, many in europe who do not even understand what their own interests are. you know, with the mirror, it's very interesting. i was looking at some of the fine print that has been released here and fundamentally it is to respect each other's sovereignty. that something that doesn't come out of western capitals any more. ok, respecting each others because each others are sovereignty. even when there are many, many problems still to meet need to be resolved. let's go to piri manual in paris.

you know, when i, when i was reading a accounts of this story, when it was being broken, you know, what thought came through my mind is ok. so as 1956. and this is, i think on that level here and to remind our audience last, the french and the, the british to o took over the suez canal and the us said, get the hell out of there. if you have no, you're violating sovereignty here. and that was the end of the british and french in the middle east. from that time forward, i think what basing is done. an extraordinary accomplishment is, is a $56.00. so as moment go ahead, parent manuel. i think you're right. this is reflecting a change in the geography, an older and girl by lever, especially v for crisis in ukraine. where o b, behind the cross is in ukraine, you have a rising confrontation between the united states on russia of kools,

oversold potentially between united states and china. and in means a global leader that are mini t r t o between power serve, influence zones. county are, are subject to, to disturbing musician to fragmentation and come a t, r tour of war. it can be bouquets or through of coca, most of santa, on asia. overboard cons, but ukraine of cool. so sanchez center on eastern europe and also middle east. and i think the saudi, an iranian the realised that in vso, arising confrontation between or a u. s. and dirge, china and russia. morris on the other side, are they your, they will be the loser office situation. if they go at war a travel between somebody robbie on you ran and this is a way to,

to avoid that or to become a chart of action like in your group, for example, i think those or so m, m and of a factor is votter or sonya robbie, i would try a promo to regime change in syria of cool. so again, so iranian untrue us and her this succeeded weaver rashaw and the busy county or the wall all we for, we've are russians and do a saudi arabia. so abandoned is regime change. policy on relies, but the united stitched on european st. cannot any mo, er insurance or are in a major way or meet at least and do they. yeah, well i mean apparently he, well, with the reason i agree with you because the, the, the, your american european position has not brought peace to the region. okay. it

hasn't, it's a matter of fact, it is sabotaged piece for decades in the region. and that's why we all should welcome beijing's gambit here. andy, let me go to you. i mean, what's, what's really important about this and, and western audiences are not going to be told us. that's why i'm telling anyone that's watching is that china is not taking sides. see the u. s. always take sides and says it's a mediator, which is absolutely nonsense. okay, that's what makes it the beauty of the deal if it works. but that's the beauty of it. china is saying we are a real, honest broker andy. no, that's absolutely correct. and i think not only does the us take sides, i had actually manifest a very arrogant and narcissistic view of the world in that it is looking to promote what it calls democracy, quote unquote universal human rights. which really is just a very narrow, parochial view of the world and impose that on the rest of the world are through

its efforts. and i, your recently tweeted that, so the problem with the american leadership is it's, it's dubious character and even more dubious motivations. and we see that china is, is foreign policy. as you mentioned, it is founded on mutual respect and respect for sovereignty. and i think it was long e also that said i eat country must be free to choose its development past. and i think it's for this reason that countries why koran, like saudi arabia, like russia, like ukraine, are willing to work with china because they do recognize that china does not have this arrogance or this narcissism, but indeed, is trying to make the world a better place a more peaceful place, you know, i'm a hominy, they, it's no secret the differences of between around in saudi arabia. but i mean, i respect both for coming to the table and talking about sovereignty and security.

you can disagree on a lot of other things. but those are the 2 most important things, and it shows a lot of courage on both sides and on the side of china because it's not going to be easy to do. they're not, they don't have hard power to enforce anything, is their good will and their soft power. that's the difference between china now in the west today. go ahead mohammed. i think there's also another element as well. and that is that the united states is being seen increasingly as growing weak, but also the united states is being seen as indifferent towards its friends and allies. when the americans withdrew from afghanistan are honest on they dumped their friends and allies and countries like saudi arabia, the united arab emirates, and others across the world took note of that. and while the iranian so the

negotiations were taking place in beijing last week, we saw georgia and the event in georgia and how a government and parliament that is friendly to the west, right. and no ally of the russians how it was severely attacked by americans and the europeans, simply because they wanted to impose their sovereignty simply because they were not 100 percent obedient. and the saudis take note of that even being friendly to the united states does not mean that you're safe and secure from the wrath of the americans. and nate, you are a gentleman, i'm going to jump in here. we're going to go to a short break, and after that short break, we'll continue our discussion on peacemaking. stay with our team. i

look forward to talking to you all that technology should work for people. a robot baby orders given by human beings except when such order to conflict with the 1st law show your identification, we should be very careful about our personal at this point obviously is to grapes trust, or rather than fear a job with artificial intelligence. real summoning with for robustness protective own existence with ah, welcome back to cross stock were all things are considered. i'm peter lavelle to remind

you we're discussing peacemaking. ah okay, let's go back to brussels up here in menu. well, i, i keep stressing, peacemaking here, and with reproach mt of the saudis, and the iranians. we have the part of the possibility of finally bringing peace to yemen. and i think that's an important part of what, what the derivative outcome of this piece process could be. and that would be something that would be absolutely needed, obviously, for the people of yemen. but could diffuse are other conflicts in the region which have been stoked again. i'll say by western powers for decades. so this is a, an opening, an opportunity to end to conflict that is drawn on way too long. go ahead in brussels. yes, that's right. this is an opening but are really good us. you? oh, good army implemented because as you said,

they are many open answer to his or to his dieter or i think there is, wasn't of a fact. oh, we didn't mention is that to the united states. wanted to put pressure on saudi arabia too, or on the ice crises or, or to, to a bicycle ship to punish russia elsewhere. and during the saudis refused or so because or don't want to or a u. s. to with too much leverage on the on prices and or, or so or, or the europe, the rising of asia as her as power broker. we've, china is not only are v are action of a single country, china, but so, so, and i try not to west the globalization, which is emerging, reverse young i cooperation, organization, right? for example. and or as yet you countries like to join because,

or is not dominated by western institutions, may need a u. s, but also member says in europe or u. k, france, or germany. and or they would like to reserve real problems more peacefully. we balance of power and not a weaving or western institution were created by the us and on your parents, like your united nations, which is many and a west, and good opposition and are, are china? of course, he's taking the lead in the so i'm not sure about his issue, eurasia, and we are going to see if this will lead to over opening an resort ocean of conflicts between osu or china on pakistan. for example. right. we've noticed about pakistan west. i'd happy or so with his deeds, so we can, they are in effect a heck and can have a car. it can have

a demonstration effect for the entire entire region. and far beyond is go back to andy and beijing. beijing is on kind of a piece making tour, i mean, and had a 12 point program for ukraine. again, western capitals are dismissed it out of hand. they probably didn't even read it. ok, let's be honest. okay. and then we have this breakthrough with saudi arabia in rent . i mean, this is the, the world is beginning to pay attention. there are some countries that use their military leverage to divide countries. a start cover colored revolutions and whatnot. and beijing as a disinterested partner, i mean, you know, if they have equal distance from the, from the partners that are negotiating. and that is a, that is a demonstration effect that the world can look to. because the world has become extremely unstable with nato's war against russia and, and we've seen how the global south or the global majority as i like to call it, is reacting. so we're at an inflection point here. i think andy,

we absolutely are. and i think i also want to go back to quick that was made earlier that china is an honest broker. and it does rely on moral suasion. but that is not enough on china. and also brings, i think some very important material advantages to the table as well. so of course, china's market for oil is important for saudi arabia for iran, but also china's ability to deliver high quality complex infrastructure projects with we're talking about 5 g or a more traditional types of infrastructure ports, et cetera on time and on budget are very valuable incentives that compliment, i think it's honest broker status and it's because of this that we are seeing this example effect. and i completely agree with you peter, that the world deeds great examples needs to be inspired. and i, you know,

hopefully that the good guys are winning and the warmongers, the people that engage in subversion interference in other countries affairs. ah, we'll start to diminish. i agree, mohammed, they're also in the fine print here is that saudi arabia with it's kind of tango with israel. and the abraham accord so called which i think is just an excuse for the us to stay in the middle east. and they're ply into minions in the, in the, in the region. but the, the, through this process of mediation is that saudi arabia has to 1st recognize a independence palestinian state, which isn't again putting it back on the agenda, where the west so conveniently likes to forget about it. go ahead moment. yes. so the united states would like to see divisions in the region as many as possible.

and the, the objective of the united states is to have the israeli apartheid regime have domination over the neighboring countries. and it's quite interesting that these talks and the agreement between iran and saudi arabia, in beijing, it almost comes at the worst possible moment for the united states. and there's railings on the one hand you see a extremely right when government empower in tel aviv a government that even it's western allies are having difficulty or not criticizing. they don't, they don't traditionally criticize the regime, but it's becoming so bad that even the in the united states, you see criticism of the current regime, the netanyahu regime. and that is the behavior of israel right now is making it increasingly difficult for countries in the arab world,

among others, to maintain ties with the regime. so it, it actually, this rock roche mom with iran mate puts the saudis in a much better position with regard to american pressure to move towards israel. and it makes it, and it marginalizes israeli regime even more so it works to iran benefit in further marginalizing the regime. and in addition to that, the united states benefit from all of these divisions. it sounds weapons that is able to fort worth. we know that the genocidal warren yemen was given a green light. i mean, the americans gave the saudis a green light. obama gay, so he's a green light. carry out to initiate the war. it came roughly during the time when we were in vienna for the j. c, p, o, a nuclear negotiation. so the americans,

they, they lose the military, industrial complex loses money. the israeli regime becomes more marginalized and the united states, which is already on the decline, has further difficulties in the region. and now we see this banking crisis in the united states. nothing is looking good for the americans, whether in west asia, west asia or across the world, you know, yeah, a manual, you run it up earlier, which i think is really fascinating. and you know, andy is also an expert in globalization. but there are, there are multiple globalization is going on. the, the one inspired by the west is broken down. it's failed because it doesn't serve everyone. but we now have in asia, we have some of the most important countries you mentioned pakistan. iraq is also part of this here. you know, it took a long time, but i've always said in my program here, if you give the, the players in the region with outside interference and outsiders choosing sides.

and having a broker like china come in, not choosing sides, and not completely disinterested care of building infrastructure. you make money. i agree with andy's point there. but this gives that globalization a new lease on life because it's reducing tensions. and that's what you need for a successful globalization. go ahead and brussels. yes, that's right. or actually good china promote any sir. a suit con road project as an i turn achiever. we're western globalization because, or, you know, to states on your penalties, where are the masters of for maritime or delays and do in case of conflict or, or china could be blocked or on the, on the seas. so he needs a needs a continent other approach shirts for its trade or so forth. agencies and, or at the same time, are russia also promot. you great, or you raise your project,

which is in synergy with china. but that's the same time connecting new with india to counterbalance or so china, because even got on china are earth to giver in the, you know, in a non sued good out to western powers out of a ratio video. so our competitors. but what we see there are between russia, india, china, or pakistan or, oh, iraq, no, you run, it's like a balancing power. yeah. and instead of trying to impose a unit, put on water is to accept mercy, put our re key, and to priority mean stability. there, you know, and you have one more minute here. so we have the mediation at the behest of a beijing. we have a ukraine piece by what else is on the agenda? because i'm sure you watch western media. china's are getting ready to conquer the

world. you know, it's the, the contrast couldn't be greater. go ahead, andy. i think one very important point to mention is the decline of the dollar and the rise of the middle east. we see with seas trip, ah, saudi arabia, other countries in the us read are now increasingly willing to use the un in settlement for oil. and i think this will have profound repercussions that will be reinforced by china's diplomatic initiatives in the region as well. i'm a also a, again, you know, i like the stress you talking about now national security as it comes about when you have sovereignty. and when you have free trade, you don't live in a world where you're sanctioned. because about quote unquote bad behavior. when the country that is sanctioning you is committing even worse behavior here. this is a, this is a segue out of this dead end that we've seen in the post more era. and i think way, it's a, this mediation between saudi arabia and iran is

a very good 1st step gentlemen, that's all the time we have. i want to thank my guests in toronto, brussels, and in beijing. and i want to thank our viewers for watching us here are tc an exam, remember crossed out ah, ah ah ah, ah ah ah, ah

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