african countries since man began to explore space as he sent man ships on the 1st of which uri garden flew, work in this direction has not stopped. since that time, human civilization has moved to a new stage and space science and technology are constantly evolving. i am looking forward to new discoveries, innovations and inventions in this limitless field. and i expect man spaceships to reach new planets. why not? science is striving for something new. and based on our experience of cooperation with russia in the field of space, i can say without exaggeration, that this is the best experience of cooperation the egypt has had in this area. in fact, we have several satellite programs that have been implemented in cooperation with russia. all of them are important compliment or cooperation and contribute to the development of space technologies and have practical applications in civil life in egypt. among them, our table one, horace, one, horace to and egypt stat 2, when i was a student and when we started the egyptian space program,

none of the university professors knew the interconnections between the electronic systems inside the satellite and how they interact with each other. so that the satellite performs its task, no one knew how sensors worked and what payload a space satellite should carry. however, now we have a lot of experience and knowledge and we will consolidate them in the near future. whether it, the gay less allow her, the field of space has no boundaries. experts believe that science allows you to do the impossible, the near and distant future. we'll bring us many with the advent of the conflict that london, for example, go ahead rick long. i mean, we certainly find themselves well defined. we choose to look some common ground the welcome back to cross talk, where all things are considered peter belts,

revenge, we're discussing the us dollar. i me okay, let's go back to winnipeg, professor ralph mentioned just briefly in the 1st part of the program about how other currencies are basing the value of their currencies on products on assets. and i think that's another reason why people are looking for alternatives because the u. s. dollars is kind of a wind circle. we have a small group of people telling us what it's worth, what it might not be worth relative to this to that. but if it's backed by assets by we to in grain and oil and all these other things here and has a real tangible meaning. and it's going back to some of the things you said earlier in the program about real price value of products around the world. that are undermined by the us dollars. so this is another reason why people are looking for

alternatives to get true value out of their products. go ahead. yes, i mean, definitely guns. his require confidence in historically backing up currency with a resource. usually gold has been one way of inspiring confidence. however, let me say that guarantees themselves are always fit money. you know, you may choose to back them with a resource, but they will receive money and the confidence can also come from other sources. including, for example, knowing that the currency is well managed, is not over or under valued, et cetera, in relation to go to key commodities, including gold. but also you mentioned the oil copper. what have you? so if the value of the guns he's kept reading, this is no different from backing it with resources. i mean, the china, for example, doesn't need to back if you with resources. if people believe that the chinese economy and the value of the you are the stable, the chinese economy is largest cetera, et cetera. so i think while it's a good measure you can take, if there is but section of

a lack of confidence in your currency, it's not strictly necessary. confidence can come from many sources. that's very good point here. it's about how much competence you have any, how well it's managed as a professor pointed out here, and i think there's a recklessness to the way the us dollars been managed. because if it's, if the purpose of your currency is to derive political aims. i mean, i pretty much want to stay away from that, particularly. i don't agree with those policies here. and obviously we see countries like china in india and others really large emerging countries, brazil, for example. they're seeing how poorly the u. s. dollars being managed and going back to some of the things that ralph have to say, how about a basket of currencies, you've got to spread out your risk right there. and i think that's what smart money is doing. rick and walnut creek. yeah. will exactly the bricks. country. countries are looking at creating

a basket of currencies so that they can conduct all the 3 among those major countries in. and if we look at the, even the holdings of us national security, the biggest holder is japan. in the last year, it reduced its holdings in u. s. national to pressure is a by 15 percent from $1.00 trillion $1.00 to $1.00 trillion dollars. the 2nd biggest boulder is china, which similarly reduced. ready holdings by 15 percent in the, in the last year from $11.00 slightly over 1000000 dollars to point 85000000 dollars. so we can see that that's a, that's a pretty clear indication that that countries are having a waning confidence in the us dollar. and seeking to reduce their holdings at the same time, i think it's clear that china does not want to see the us dollar crash. the u. s.

is still the largest trading partner with china, and they would see a lot of negative consequences of a sudden crash of the u. s. dollar. but, but we're seeing clear signs that many countries around the world. most countries around the world are, are, are seeing, seeing that need to move away from the reliance on the us dollar. well, exactly, ralph we, as i mentioned, we have china in brazil. they've agreed that companies have agreed that they will trade in their own currencies. and probably one of the biggest stories of the year is that saudi arabia won't exclusively sell its oil in dollars. i mean, i don't know if people in the treasury department are listening here. the petro dollar is really the fault from the, gave the west, so much prosperity since the 19 seventy's. and we see this huge direction directional change in the, in the energy market here. that is going to diminish american power. but what i

worry about ralph is that when they know this is diminishing element is facing them, it will make them more aggressive against though it's don't want to trade. essentially, if they're going to force people to trade in dollars, that's a very dangerous environment. i think that's right, and we see the reasons for all the wars that the united states are engaged in at the moment, indirectly in ukraine, but also they're preparing for war in taiwan. if you look at that, it looks like they are trying to claim their stakes last time as long as they still have that power before the new world is being constructed. and i think it will be much more a road of sovereign nations, like in africa, a lot of nations are breaking up. and of course you mentioned bricks earlier of the job are already of super power all together. so we will see a change that is as radical as in one, 989990. about 33 years ago when the berlin wall fell. no one had

expected that to happen a year before. so i think now with the conflict in ukraine being to capitalizing effect that we see the world through, we see that also it will come to a new world, probably missed a micro who recently went to china, who said that they should not. and france should not, and europe in union should not stand with, with america in all aspects. and the longer that is probably where most to europeans would, would become various and they are breaking up at the moment. well, i mean, the whole premise of the european union with prosperity and security and they're, they're getting less and less of both as time goes on. radical explained to me. i mean, what could, if you wanted to reverse this trend, is there anything it could do? no, i think that's it. yeah, that's what i was expecting. go ahead. yeah. and that's

a really interesting question because, you know, look at it this way as you yourself, pointed out, the weapon position of the us dollar is boomerang being back on the united states. it's making, it's not making the dollars stronger, it's making the dollar weaker. so instead of this, what happens when the only weapons you have at hand actually have a counterproductive effect? it actually is like, you know, the only weapon you have when you're sitting on a solidly mother tree is a saw and all that helps you to do is got the limb on which you are sitting. right . that's the situation. the dog daughter is in the united states. however, at the same time, we continue to use these weapons counterproductive as they are, because you know what, they don't have a plan beach. they don't have a plan b of saying, you know what, we should settle down to a multi currency would the should not try to impose a dollar on the was et cetera for the last century and more they have tried to impose the dollar on the rest of the world, and the resent it is that this has never fully succeeded, and now it is receding more rapidly than ever. the united states does not have any

good weapons, but it is not going to stop drying. well, i mean reca, if we had a multi currency world, it would be far more competitive, isn't that better for everyone? it looks like the west, particularly those the worship, the u. s. dollar. they'd abhor competition because if you're competitive it, you get a better view. but we are production costs, you, you, you lower them, you have lower prices for your consumers here, but that's not what the dollar is for. the dollar is for foreign policy. dreams of the people inside the beltway. yeah, yeah, that's exactly right. and the majority of the population in the united states is not benefiting from that policy. but i think there's a huge lack of awareness or ignorance in the us about about these international going on and the, the increasing move away from the us dollar. just, you know,

in the last days or the last week or so, we've seen that. we've seen the briggs countries confirming that they're going to move away for to a different due to a different tra, trade in a different currency. saudi arabia is joining the shanghai cooperation organization . all of these trends are, are happening and, and, and the u. s. population is largely unaware of it and unaware of what of the, the status of the u. s. dollars. they just keep raising the ceiling on the national debt without, you know, they don't like rhetoric. i was saying there does not seem to be a plan b there. there needs to be. and that should be part of the discussion in the upcoming election in the, in 2024. but so far we've heard nothing of that. yeah. ralph and they did these

political lead from the west. all they want to do is take the can down the road. maybe it's somebody else's problem. i mean, not too many years ago. i could remember when the us national debt was like 9 trillion dollars in and that was a lot of money. and now, what was like $32.00 trillion dollars and that's probably underestimated that. okay . i mean, there seems to be no political will to try to reverse this trend here. but then again, it wouldn't generate any political dividends for the people in power. go ahead ralph. well, i think it only shows that and raises the question which economic system do we want to live under? we have seen socialism in this country fail and in the eastern european countries fail 33 years ago. because the lies can't became too big socialism imploded, capitalism explodes. that's why it sees the wars and all the steps that are being created. they are now raining down onto the goods markets. this will cause

a lot of tragedies for everyone also in the united states, but around the globe. so i think the question is, is there a way possible and is that the new economic system we will see evolved from, from these crisis. and maybe this is for the next discussion that we should have. how would we see when we get out of the crisis is after all of these wars, how do we continue? and i think this question is more about the economy than about any military alliances, i think says, well, i'm kind of an old fashioned guy. i think the economy should be about the well being of every one of people it should be caught. and that's, we've lost that we've lost that because of politics because of ideology and the people are being left behind and radical is really pointed out. the most important thing here, let people in the global south get true value for their work and their products at something the west is, will have to, will deal with. and it's going to be

a harsh reality for all and all the time we have. i want to thank my guess in walnut creek winnepeg and here in moscow. and i want to think our viewers for watching us here, r t c. you next time. remember, cross talk the ah, look forward to talking to you all. that technology should work for people. robot must obey the orders given by human beings except where such order is a conflict with the 1st law show your identification. we should be very careful about artificial intelligence, and the point obviously is to create a truck rather than fear a job with artificial intelligence, real summoning with

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