exploding all over and its presence in world trade is diminishing where all these put together, then what you are getting is essentially the rest of the world seeking and now finding alternatives to the dollar. this is the big change now, is that the rest of the world that has never been satisfied. and remember, for the majority of the world, the world majority, as i think russians are increasingly calling it one of the problems of the dollar system or the major problem is always been a massive under evaluation of vacancies reason. dollars. so the world has been selling the united states and the rich countries in general, things at the far lower price than they should be getting. so for all these reasons, now that alternatives are available now that the weaponized ation of the dollar system is so blake, they are seeking and finding alternatives. well, rick, that's really the point. i mean, it's trust in this currency currency if it's used as a political weapon against real or imagined adversaries. it diminishes its whole

purpose as being a currency here and more and more of the world is waking up to that and, and as the professor pointed out here, it's inherently unfair. it's a rig system and people have alternatives now. and this is what we're seeing. go ahead break in walnut creek. yeah. well, they created the, the alternatives because countries have increasingly been been punished for relying on the dollar. so the, the us says, given countries, the strong motivation to move away from them. at the same time we've seen the u. s . national deb exploding where they could just print money and will inhabit, accepted around the world. and countries are seeing this as well. the. the national debt of the us is excel rating over $1000000.00 a year. and many countries are looking at that and saying, well, why can you do that? why can you about punish us by effectively forcing us to use the dollar. so

the u. s. itself is given countries around the world, the, the motive to move away from the us dollar. route essentially the same thing applies to the euro. because as the u. s. managers, it's economy and it's interests around the world. a doesn't hesitate to punish europe and damage the euro. i mean, it's really extraordinary. are we talking about real and imagined adversaries? i thought europe was america's friends. but know that the, the tracy department will stab the year on the back and drop of a hat. go head ralph? yeah, it's absolutely true. and of course, you also have to, to see that parts of it is owed to the financial crisis that was never solved in 2000 a, 2009. it was only fresh depths that were created trillions hanging over us all. and this is of course collapsing now. so now people are questioning whether

the dollar is that all the reserve currency and the longer and probably it won't be because now the virtual reality hits us all back. i mean, we see now that virtual currencies on the rise, and this will be the new world order and it will be a different new world order that they had been planning for in davos or in washington or california. so this is the new world order that i see happening here now with the brakes. and i wish that germany would be part of that because we are talking about a real economy with production and getting sources on the line i want. i want to get to that. i want to get to that in a moment here, radical i've asked a number of economists to me. it seems to me and explained to me if i understand this correctly as more and more people countries reject to us dollar for as a means of trade. where do all these dollars go? or isn't there a tendency for them to start flowing back to the united states?

does that create the possibility of hyper inflation will be overwhelmed with all these dollars that have been printing a quantitative easing? all of that, it's good, it's good. it's good, like a vacuum. it's going to go back to the u. s. because there's no one else that wants them. is that a fair description? yes, absolutely. so essentially, all the dollars that, you know, the so feet of dollars that around the was the rest of the was the be selling dollars in buying of the currency. so yes, the dollars will flow back into the united states creating us. so if he took dollars, but there is one small qualification that one ought to me, which is the united states. federal reserve has essentially printing dollars involved one of these for a long time. certainly since the 2008 financial crisis. but until the last year or 2 of this did not result in inflation. why? for a very simple reason, the overall heading majority of the trillions of dollars that have been created since 2008 have actually gone directly into financial institutions where they have

gone into the black holes that are the balance sheets of these financial institutions. hardly any of this money has actually figured out into the pockets of the ordinary join jane in the united states. which means that this money printing is hardly really a cause of inflation. inflation has been cause because all those conditions, which for the last 3 or 4 decades has kept inflation low, specifically the weakness of labor and the weakness of the one majority the rest of the world in terms of demanding higher prices for their commodities and for their products, these have been suppressed, and now these can no longer be suppressed, which means that this, it's the fact that the very development of the rest of the world is now causing a challenge to the united states dollar. and that challenge takes the form of inflation. also, if i go to rick and walnut creek,

another issue parallel to all of this is that we all know that the, with the advent of the conflict in ukraine, russia's central bank reserves were frozen. we had a few years before that been his way. it was gold was confiscated. i mean the west was supposed to be an impartial banker, you know, protecting all assets around the world. well that is patently not true any longer. we've never seen these kind of acid seizures before. i don't know why any other country would want to put their money in the bank of london, for example. go ahead, rick. yeah, you're exactly right peter, that the u. k and the u. s. are the, the main culprits in this where they have seized the assets of a country such as valensuela. the cisco network of gas stations was seized by the united states that a national resource of the venezuelan people was, was just seized. more recently we saw the afghan and national reserves were in the

u. k. dolan, and apparently some of the money is being given to american victims of 911. or how does that figure people around the world are looking at that so, so you know that theft of a national current season, national reserves are supposedly the holdings were safe in the u. k. it turned out to be, they were totally not safe as well as individuals, a russian, a investors and russian billionaires thought their money was safe in the u. k. they, they found out otherwise. quite, absolutely. in ralph, we have the european union, at least members of the european union are speculating how they can seize illegally sees, because there is no law for this right now. individuals assets and to append to them off on to others, presumably the elite and in can't. here, i mean,

this is just a wide array of illegal activity, and all it does is undermine the front competence. people have an international financial institutions. ralph. yeah, and it is, as you said before, and the feared currencies are trouble and risk. now, because of course, dave finance wars with that and did type in the hyper speculation like how you trading pro wasn't all that we've done. now we have at the same time that the real purchasing power, the purchasing power parity that is called has increased for the 1st time ever. and cert passed the one off the g 7 by the bricks, countries. so it's 30 point one percent 30.5 percent towards 29 percent or so after breaks that they have more share off the global g d p. now this is for the 1st time that the brakes are overtaking the g 7,

and that is the new reality. people have to wake up too. so why go for a fear at currencies any longer, if they are not, not providing the security that they used to. and of course, if you mentioned a war as, yeah, well, they are financed by these, by des, feared currencies. so if we take re, i think a lot of the funding goes away for ralph what, you know, we were talking about sanctions and seizures of assets here. what the g 7 countries will do in turn, is sanctioning these countries that are going around the u. s. dollar and western financial, i mean it's a vicious circle, goes around and around british, up for it's before we go to the break ralph? yeah, it is true and that's what ruining is our country germany, our industry is suffering heavily and to population as well under sanctions to us make us impose and to tell us not to have gas and oil from russia. i mean, that is the most aggressive act towards germany in the postwar history. yeah. well

that tells you how much our washington respects the sovereignty of other countries . i'm going to go to, we're going to go to a short break and wrapped in that short break. we'll continue our discussion on the us dollar, stay with our team. ah, a time with some nations may be able to turn a blind eye to atrocities and other countries. united states of america is

different. wearable people long to be free. they will find a friend in the united states, ah, with it all by the body of the vault. anybody, basie saudi city. joe, you look at them both day and say they said we'd cigarette a few color revolutions is one among several means to reach the goal of conquering foreign lands and bringing them on to the hell of us. western economic interests inside it. i didn't that he did to go by the demographic quarter . so know us a little bit of our america. the final goal of these seeing revolutions is to ensure that there are no independent players in the world anymore.

welcome back to cross talk where all things are considered. peter belts around you were discussing the us dollar. me 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 guidance is required 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're always the money. and the confidence can also come from other sources, including, for example, knowing that the currency is well managed, is not over or undervalued, etc 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 currencies kept radical, this is no different from backing it with resources. i mean, china, for example, doesn't need to back if you, on with resources. if people believe that the chinese economy and the value of the

you are the stable, the chinese economy is large, et cetera, et cetera. so i think while it's a good measure, you can dig if there is a 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, well exactly. the bricks, country,

countries are looking at creating a basket of currencies, but the, so that they can conduct all the trade among those major countries in. and if we look at the, even the holdings of us national security is 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 its holdings. 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 u. s. 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 these, their 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 fulcrum that 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. but it's actually, if they get a 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 the 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 waking up. and of course you mentioned bricks, early of a job are already of super power all together. so we will see

a change that is as radical as in 19891990. 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 the fact that we see the world through, we see that also it will come to a new world, probably missed a my cry. who recently went to china, who said that they should not and frowns should not, and europe in union should not stand with, with america in all aspects. and the longer that is probably where most 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. reco explain to me, i mean, what could it be you wanted to reverse this trend? is there anything that 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, your says, pointed out the weapon i vision of the us dollar is boomerang being back on the united states. it's making that it's not making the dollar 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 and then you're sitting on a salim, of a 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 daughter is in the united states, however, have 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 mighty currency would the should not try to impose a dollar on the was et cetera for the last century in mode. they have tried to

impose the dollar on the rest of the world. this has never truly succeeded. and the majority of the population indeed is joining the assault. they just just keep raising. but i can remember when the u. s. national the well to try to reverse this trend, think it only shows up and roads. that's why sees the wars and after all these wars on it. and that's, we've lost that we've lost that because of, of politics because of ideology and the people are being left behind and i brought radical is really pointed out the most important thing here. let people in the global south get to value for their work and their products at something the west is, will have to a 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 guests in walnut creek winnipeg and here in moscow. and i want to think our viewers for watching us here r t c. and next time. remember cross stock ah ah

ah, ah, water westerly, i'm in be thought on. i mean, our hatamio was i your, if with something that i was a hair dresser, a bus driver, a sales person, anyone could become a victim. ah, that's our private negotiators. fast pad, we'll do that as he steal, remove. what i'm. i'm focusing wistar less with a, with a. ready yes, us at the end of the news more your more be up. but my mind that under global those dilemma is 93 sees for madison, and i'm from the yet to be yet studies boys took over the serious me he cope

with him with the middle of this a quiz just in the we'll go visit was to secondly when i was so wrong, when i just don't move you world, you have to say proud disdain. because the advocate an engagement, it was the trail when so many find themselves worlds apart, we just to look so common ground. ah.

in 1834 france invaded algeria, and straight away the french started inhabiting it to strengthen their position. the colonists known as p a. no ours took the best land from day one. the local population was put into an unequal position and was brutally exploited. this cause mazda is content, the people of algeria began their long term fight for independence. in 1954, the banner of freedom was raised by the national liberation front. a guerrilla war against the occupants broke out. the french tried to suppress to rebellion using cruel measures. full villages were wiped out packs of georgia and executions of civil people, including pregnant women, children and old people took place more than 2000000 people were put into concentration camps. however, these punitive measures didn't help the algerian patriots managed to induce france

to start these negotiations. in 1962 evian records were signed, voting algeria in the past, towards independence. but this was achieved at a colossal price. algeria by rights, is considered to be a country of martyrs. according to the calculations of historians, the french colonists are responsible for the deaths of one and a half 1000000 algerians ah, headlines at this hour, 7 people, including a child, are killed and 10 others wounded in the crania on the regional capital of the night . shows reign a united states and its allies have seriously eroded the global security architecture. right. there's a different player. so here is,

wasn't power of undermining global stability. as he speaks, i mean see of the shining. i corporation operation corporation, available crowd into a sudanese court as they seem to flee the country and made intense fighting has persisted to despite repeated attempts and the bloodshed.