because i'll go and dump it on the straight place so that i'm not lose the size of the the, [000:00:00;00] the, the welcome to wells apart. the last 2 digits have seen many world shaking your bands. there was 911 and the 2 war on terror done. there was the 2008 financial crisis, the arab spring out of course, because it's 19 pandemic code the year of 2022 as my guest today

suggests. being just as if not more jo politically seismic we'll discuss that. i'm now joined by a bag. grab executive dean of the trunk young institute for financial studies. dr. morales is good to see your again, and thank you very much for taking the time to talk to us. thank you. thank you for the video and that back. good to see you again. now i interviewed you about a year ago when the warranty ukraine was still in its early stages and the world was trying to make sense of it and adjust to a fast changing reality. and these have recent stands um that uh, the global significance of 2022 has been grossly underestimated that in fact, it may be more consequential than some of the labs i mentioned in my introduction. what makes it so significant? any of you? well, when we have talked about the september 11th all the to solve the a financial crisis, we also improve the track off in the american century world view of what happened

the a 2000 does penalty to, as i said, is breaking the international order of america the centuries, and so the, somebody stands not only found the prices, but also a from debt, collect p for a weakening of the now in the western world. and they are attempting to break away from the national system dominated by the us to wow, i think that i think that the us is deal of the most powerful country in the world, but it has to be an immediate that that's the what would the process of the regional integration and the the americanization is the standard we can create in the middle east. central east, south africa, asi, more epic. so i think that it can explain the important reason why you only 50 percent of the countries choose to follow the us to 2nd washer. so from this perspective, i think that the global, so you can, you can talk 2022 is that this is likely to be the beginning of year,

beginning year of the end of the us q, germany. now looking back and he mentioned a number of inch hosing the usb germany in the radical way, while quietly speaking uh, independent to the government, trying to think that's why i think that 2022 is not just the war, but also a cause that people extra, a gasket, global hegemony, and up the post, a code of what and what tech lies by the us key gemini, s come to an act. i don't know if you would agree with me, but i think we are all partially guilty for sustaining that head. germany because we serve as the american interest sometimes to the detriment of the, our own national goals and inspirations. but uh, the years 1991 was of course the year of the sort of the gold in the year of american dominance when its reputation was riding high among many powers. and i

wonder if you look back over the last 3 decades when the united states really have a historic chance of being a genuine leader of humanity, or rather than these few though over lowered that the at least it seems to us right now. what you're seeing, where some of the most significant missteps or miscalculations by the west and the leads that lead to the current loss of influence. yeah, yes. i agree with you. i. the rest of the leads are indeed a selfish and the sale for centers as they are blind to the confident even the advocate. the mistake could be, that's what would of history ends on the model created by the west for the fact of many countries in the world, including china, was believe in west that you'd be even the you for that. the west was indeed the future of the world,

but it probably knew this is where p p for them. that in the past that for 2 years, a way to have not to provide a real popular groups to, to walked in a position to continue to expand, showing the profit and realization of their own interest at the west. a has not brought peace prosperity and the common they developed them and after the world uncomfortably, they uh has the broader to these off to was a kweisi as opposed to these and so on. so as long as the west to res, packed some of the countries the way the world would not be so bad. so therefore you can pass the 30 years out of countries in the world as up laterally begun to wake up. as i said, the see they're already back from the past. now. um, chinese, a famous for taking a longer view of history and knowing, enduring and beyond the, the last couple of years. and i think most economists agree, the center of economic development do tend to shift from one place to the next,

then never stagnant the, despite the whatever francis fukuyama may have wished for, you know, and that has been a historic reality over several centuries. now this shift towards asia, the shift of power, the shift of economic development was really a par and for many years, why do you think that americans are trying to fly that process instead of, you know, trying to salvage whatever power and privilege they, they, they may uh yeah, i, i, the, i have uh communicated with professor upfront is focusing on mass. you'll mentioned a many times in the, in the past the 10 years in fact took keys. views are also changing. he has a girl dis, illusion during summer consistence and usually done yes. crazy. some of them outcome particulates battery by that. and he believe without the united states is no longer role model for what is this is god i we see in my opinion america,

i paid to coal lead to our shop site aid to advocate. they don't pay attention to lending song history and they don't pay attention to loan for houses. they always seem to that they are the stand at all for advocacy. so you fact as a, you mentioned that a history. what i want to say that, you know, past the, nearly a 5 a 1000 a years, all history in china, there has been more than 10 people. that is a piece and a more than $400.00 and pious city and the lessons, all the goals that benefit the changes can be found in the united states. now, such as internal collapse here needs to know expansion, lease and things economical, weakness and a people separately. but at present it seems to be at the united states, it would still be that important even near future. but the us, as an empire, as has to be tied, and it has no power to say if it's fate,

that we will eventually end it to germany. now i want to ship here is a little bit and ask you about the presence of china who recently visit as most cuz you know, and when he was parting ways for his why them important. he was a fail telling him that our 2 countries are now driving the changes of the likes of which the world hasn't seen in 100 years and his russian counterparts about him. if we didn't seem to agree with ad sending analyst on a guessing game, what the 2 liters, ma'am, what's your take on that? the so called the greet changers. i'm see, know, century is a judgment to on the field dropped a was a 1st proposed by the process. you can see in 2017. i also know the best i said in a book in chinese, a 100 a year solve a change and, and a lot of focus, a lot of the scholars have to be know, a pre between the, to the wrong the truth on this search. china,

we'll become to what we're the largest economy and the ending the standards of the us as a largest. so economy for more than $100.00. yes. and more importantly, the what would the dominates and abide west. it is becoming more a multi part and the north atlantic is no longer defend to the world. the dominance or the west has come to an end end of the now western world is rising collectively . so i think the found the economics to politics found the technology to culture of value. many if you know mean is happening in the world that have never happened in the past to walk 100. yes. so i try, i think, to try to get people why we think about the 100 years of change because of we are actually in college, we can always fail to adopt that the changes promoting no, no vision and amazing contribution. so i think this is a, well, we want to do

a batter. now you said you westernization joined by most no on a west. um and i a load and it's not only protected a warehouse, an interest off the mito after class. he's also trying to host to promote, to regional the call and see the issue. i mean, i know you cannot think of the construction piece of why china is working hard to promote to that because the age of getting us all the out of and the long end of the construction, we're back at any step. so you, doctor, we also hold a dental washington to your clean. we will reconcile these negotiations between the rainy and sound. the sound is facilitated by china were kept in secret, no leaks, no speculations, which is very unusual in this the nature of the so called megaphone diplomacy. when sensitive details are linked to media for immediate impact, which i'm sure with agree with me makes diplomacy. not only in the factor, but pretty much impossible. i wonder if this discretion is specifically at china is

feature of given the sort of they demonstrate the success of such a pros, dressing. it can come back into fashion in the end. a world of diplomacy, again, the uh, extra eyes thing, uh, many times a. we need a test cabinet to national cabinets as well as that diplomacy. the papa has the, the supposed to be and it has a life linmore alt to the accomplishment. but on the other hand, people, matthew contrast panels is not good at this and desirable is fascinating. the face of major compact compacts of foreign policy division. i think it isn't necessary for the country to keep a certain count of a secrecy, so as not to be in france, advisor on necessarily non professional, probably company. so i'm not sure whether the so called a close dollar diplomacy has become a popular mass of the old fashion. it depends on the actual effect. i think the

close don't oppose it to a bad to cause is uh, the least possible approach to create a policy policy. now the most fascinating aspect of this whole development for me is this is the position of saudi arabia, which normally still an american ally. and yet it's far more engaged both economically and politically, with china, into some extensive in russia, then that in washington, what do you think made it possible for re, uh to pursue that own past this little if any consideration for whatever washington has to say. it is, but if i was told you, i would see you that you saw the out of the house being the see for the by the us for so many. yes. so the out of the should enjoying the peace, 40 environment in middle east and continue to develop. but the us has used of show

balancing method for more than half a century to create charles and that is older, the middle east, which in turn, a make middle eastern country, depend on that. he states police, this is an important protect the from awful rast and duties and diplomacy. so not all sorted out. but if we can knock diseases, a good 6 email pinning the you as a sure to respect as those regional countries. and not only, not just to treat them as a tools or even jump to a beautiful, beautiful accept such a net key. and i need a way when it not in use and use h to wipe your mouth when it is useful. well, it's a very conspicuous matter for, as i think it's not yet inspiring for our neighbors and ukraine who remain in a very close relationship with the united states. to the extent that the,

that own country has been sacrifice for the sake of the fighting russia. now, as i'm sure, you know, many people in russia were inspired by china appointing its own algoy for the conflict in your brain. perhaps trying to build on its own diplomatic success on the middle east in front. but i wonder how this appointment was received in key of das china have enough weight enough influence enough credibility with the ukranian with the current ukranian authority to produce any change uh on that front. uh i think that uh uh to my altima honest the, uh uh like how say that the washer is all what very real uh, sent about but also uh your queen is uh trying to assess direct deposit to the uh, in the, in

a long time we have the back go to the chip and the cooperation we for the last year as well as so we uh, reset your creek. so that's why i think that the china chow pass to, to uh, to a weight there. because the ation between russia and the, and the u. k. a full full you queen. i think of china, we're not hung your queen elected long d c. or you can kind of see you're going to check and balance of washer. and the and b at the time. so title loans you agree economy to, to cover a chinese also leading to the best new queen and participating in the call struck him off your queen's track in the structure. so i really hope that you're creating the roster attainment install piece under the deal steps. yes. so i think we, uh, most of the time these people, we are glass you creed, but also perhaps last year. now,

last year you described ukraine as having the body of a strong man and the fate of a servant girl. and i think perhaps that was too up to mistake because you crane at this point of time uh is in the far rimmer situation. the country is hob, destroyed a quarter of the population left. uh the country um the infrastructure is ruined and uh, the big question is, who is going to uh, rebuild your credit will help it rebuild because obviously does not have enough resources. or do you think this is something that the china could use as, let's say, not as it's in taishan, but it's something that could really attract the ukrainian leadership because the americans and the, the, the europe hands may talk about their supports for ukraine. but it's still pretty unclear whether they want to fund the rebuilding of the country. what's, what's your view on that front?

yeah, i, i always, uh, i think that to accomplish this situation, the creek is a historical tragedy. ukraine is a wonderful country. we use a lot, just a land every unit, and then you can use a population events. i'm on the top 5 in europe. and as ucr, you should have be a big country in europe, but it's very peaceful. you'll clean debts. increase the strategy in the past, the 30 years has not shipped the independent or spend the all 5 regional power on a country you. ukraine has always been waiting to be a vessel off of you and the united states. in the past 30 years, so your queen has a tend to, to, to west and most of the time. but it has not brought to you. you cannot be a cruise and a national spencer on

a country your queen has become to pull her used to country you. so that's why i sincerely hope that your queen can at least track only itself. i grew up from the less and more history of the con, the reach between eastern and western secret ivy. instead of being attached to a certain, i mean you treat group and to be coming a pool. full balancing are the effects. dr. ivank has been great pleasure talking to you. thank you very much for that. thank you. thank you so much and thank you for watching. i hope to see her again. and was a part of the the,

the only one main thing is important for not isn't internationally speaking. that is, a nation's products are allowed to do anything, all the mazda races, and then you have the mine and agents who are the slave americans rock obama and others have had a concept of american exceptionalism. international law exist as long as it serves the american interest. if it does just that doesn't exist by turning those russians into this dangerous boy, a man that wants to take over the world. that was the culture of strategy. so something as of yet in your english v i v, i not feeling too often. zip on and tablet block. nato said it's ours. we move east . the reason us, hey jim,

it is dangerous. is it the by the sovereignty of the countries, the exceptionalism that america uses and its international war planning is one of the greatest threats to the populations of different nations. of nature where this found the shareholders in the united states and elsewhere in large arms companies would lose millions of millions or is business businesses good? and that is the reality of what we're facing, which especially the