tv The 360 View RT July 11, 2023 4:30pm-5:01pm EDT
4:30 pm
rates and others are to with united nations in new york. now as a un security council meeting, focusing on the node stream pipeline. sabotage is on the way by russian request. that's course live now to walk you corresponding caleb open for the latest details on this. i kind of good to see you. i could. yeah, a lot of noise, right? the going part you the meeting at the un details? what do you know? well, the meeting began with 2 journalists, briefing the security council about the fans when it comes to the nord stream timeline, and them all the evidence warning towards not only actions by the united states and meal seasons by the united states. but also efforts on the part of the united states to control the narrative around the north stream to the pipeline and rewrite and retail, the advance to somehow take we own us off of the u. s. government. now,
4:31 pm
when russian ambassador to ben z spoke to the security council, he emphasized that it seems like denmark, sweden and germany are doing everything they can to obstruct any investigation of the nord stream to pipeline added to destruction. even though it was done in their territorial waters and it's worth noting that these 3 countries boycotted the meeting and did not attend. now, russian and ambassador and eventually appointed to word all the overwhelming evidence and reiterated what was shown by these independent journalists to address the council that it appears all roads lead back to washington. we have the seymour hersh report. we have all kinds of analysis that indicates this was a you as operation. however, the united states is tap dancing and trying to change the conversation and trying to redirect the conversation to russia. let's never remember, i must never forget rather that the united states um, at this point has a threatens. and prior to the destruction of the nordstrom to pipelines,
4:32 pm
it actually threatened to destroy it on numerous occasions. so that's what we heard from russian ambassador and a band z. and now we did obviously hear from other members of the council who put forward a narrative. uh, the, you know, essentially, you know, uh, rejecting what russia put forward, rejecting what was put forward by the journalist united states, you know, dismiss russia with broad statements as is usually done. but that, that is how the meeting is progressing. different countries are addressing the council regarding the situation at the, at the pipeline and what was presented by the journalist qualities that came up with that. following this meeting of the un in new york. thank at least 70 people who are 40 died in the west funding in northern india in decades of thousands of for some of the homes. i'm a devastating monsoon rightful in recent weeks will hand the story over. now to watch these orange and shot as heavy as the called breaking green broiled logs,
4:33 pm
again, not been india, particularly in the seats of monitored for the asian, knew that he knew that he the governors of the country also was marked by which is july d. a more than 4 decades and more than 40 yards also that the readings triggered slash floods of land slides in the seat of a module put each cleaning the lives of with these 70 people in the last couple of weeks as political parties around 100 houses. also were destroyed, now entrust structure, what millions of dollars or full damage and safe to see the cities not equipped to handle readings like these. what we saw in the last 2 or 3 days was more to logging in several thoughts of the cities, rules, choco docs, traffic jams, everywhere. so so people trying to make off, they leave from one box to the other by swimming clearly because there was just too much traffic and caused the off task in, in,
4:34 pm
in deep water. also several thoughts of the city. so houses, especially drown floors in knee, deep water, all the people who are really struggling to cope with the readings that they saw in the last couple of days. the chief administrative, debbie arvin, kane, she wall. he came out, he told of the city officials mazda municipality workers to walk around the clock to develop their roles on sunday. for example, how, but that also didn't help much, many offices really giving their employees walk from home, several schools shop. so exploits really contributing a to, to climate change. really seeing that this is an indicator that climate change is not as fragile as we think. and a lot more needs to be done by the rest of the state. duma has adopted a lawyer to establish the inter don't auction of a digital ruble in russia. the central bank of rush surprised to issue this
4:35 pm
a new current. so in addition to existing cash and traditional funds to help in the banking system, we can learn much more about this right now or the contributor, a contributor, a chris amazon joining us here at the off the international. chris is always great to see you. certainly did very the just to kind of just whine is that what exactly is the digital rubel? so really, really great questionnaire. so it's no, not really any different than the comment rubel. it's not a different currency. it's not likely just invented another, another full of currency, the very big difference where we is, how it is issued and how it is been able to, you're able to transact with it. so for example, if we take uh, you know, you'll know, normal banking system, let's say you're sending roubles to india, for example. normally you would use a payment system, code swift. so that's what you would use to send money all over the well, that's a group of banks that got together and said this is how we should move money. and the problem is russia has been removed from swift pump from one bank, rough eisenberg,
4:36 pm
the devil. so announced that they would go into the country next couple of months. they've given they gave the russian government a little time in order to fix it. and this is really solution. it's a new way in which to send roubles around the world, but also internally within russia itself. i see i get it, i get it. so this is about kind of a getting around sanctions is getting around, being cut off from the swift system. mm hm. okay. so i get that, i get that. all right, but advantages, what about the monitors and benefits for people? yeah, so this is really gives us the advantages we'll re is probably we're, we're hoping we don't know on specs that i think it is a reduction fees. when you're using to, to send the digital people, you'll be using a block chain network. that's the same kind of network that cryptic currencies. welcome, but this is not the crypt. the current visits be very clear. it is not a cryptic currency. it is a re real version of the ruble. it's built on the same technology, but it's not what we'd call the traditional, kept the currency me doing that the transaction fees are less, but you don't have to pay any middle by it's, there's no middle not involved. it's from one. will they just be quoting crypto,
4:37 pm
which is like a bank account to another without wanting to meet or equal the corresponding bank, which is usually what you use to transfer money into that see, but even russia was. so there is a tiny fee that is taken if you transfer between one bank, but it's and you arriving in another bank and that should disappear really with this new digital vehicle. so a lot of people are talking about and i mean, i talked about it all the time here and i'll see the circle d dollarization coalition. so many countries around the world and this both living multi potable water getting away from the number one was apparently that of the us dollar. is it possible that i'm a digital rubel could be a part of this alternative to the greenback? yeah, absolutely. i think february, you know, you brought that point out. we cover a lot on the program breaks. for example, we do know for a fact that there is a new steven committee that has been formed by briggs to look at a new current see full that blog. now. uh, you know, rush it is how to really come up with this idea pretty quickly due to the current situation. but i think we could see this being at a currency oboski dependencies that come together in some way,
4:38 pm
shape or form throughout the bricks. nation just to make trade most most seamless. and also exactly, as you said, the challenge, the, the idea many of the us dollar and getting rid of the ability for the united states to control the monetary system by using a different network. you noticed craigslist transaction? yeah. yeah, exactly. i mean look, look, this is, i think you've just touched on to on basically the meat and potatoes. right. i mean, look, couple of months ago, chris, in africa there was a breaks meeting of foreign ministers. i was watching a very, very closely and they talked about a brick, so potentially commodity or gold by comments. and they talked about this but they clearly were not ready. that clearly would know. right. you could see it the way it was still talking about it. well, there's a lot of things together, you know, get our ducks in a row. the summit is, i think, at the end of august. yeah, the, do you think the bricks will actually announced some sort of gold basketball commodity back to currency? i think it's highly likely just because we've seen the movements of bricks countries you're seeing china swallowing up so much. gold was speaking to actually someone that i never use and is very familiar with this. and he's saying the
4:39 pm
chinese right now enough for kept it takes me all buying as much gold for whatever price they can, how much it costs. they're just buying it. we've seen that with the roster is a ross who is buying a huge amount of gold and a lot of these but countries saudi arabia's doing the same thing and then moving away from holding dollars and saying that we don't need those anymore. just give us, don't please, so thank you. it's hardy, right where we could see some sort of nathan of that summit. but we all, i mean, look, you know, the mainstream media simply will not tell you this, chris, but the central banks around the world of holding gold stay on the failed, doing whatever they can see. why the find gold by gold or repack create that gold out of u. k. european, or american bangs. and you know, i'll be honest with you, this new car. and so you coming from bridge has been in the works for a number of years now. but if it is going to be a gold back currency with all these banks around the world of widely holding gold, what is not going to do to the us dollar the global reserve currency? what, what i think where it makes us thought of completely wes, this, right? because we, we would that back kind of to, to back to the old, the old way of doing things which was currencies were wrong. what we called the
4:40 pm
gold standard, right? we're moving back to that. why were they on the gold standard? very. they were on the gold standard. gold represents tangible value. you can wear it on your ring. is you all right now you can, uh, a lady can wear it on hire her as a ring. people can wherever it on that next. but people can also easily pick it up and move it somewhere. it's not just a piece of paper that's made of the thing that it has to be mind that has to be extracted and not present real value. well, let me ask you this because because if it's something that i mean on a personal level, i would really like to know this. and so mr. guru awesome. yeah. all right, let's, let's say the bricks, nations. okay, it's, it's a number of countries right now preserved russia, india, china, and america. and then these, all these other countries want to join at least 30 other countries want to join the brands. and let's say bricks does come out with and they announce a gold back bricks, currency. what will happen to the rubel, but you on the roof p. what will happen to the currencies of those bricks member states. again, we're kind of going back where we're kind of going back to, to you and i from the k with going back to people who are architecting the year.
4:41 pm
right, right. there's a lot of talk about all this will cross you appear in economies. if they were to adults, you know, the same currency, actually the truth of the year, it was a, okay, it was some countries took a bit of a hit for a short period. the year it was able to take hold of these companies no matter what the g d p was because a lot of the european nations think it was very, very life and to strengthen the holbrook is a home. and it's really a bold move by rush there in china, in those big and india, those big economies to say, look, we need to create something that essentially swallow, is all these other nations in a positive way. one of these, in that sense, what i hear as a reading boost things out by the creating a strong aesthetic currency that, that helps people trade more effectively as, and nobody has been buying or securing mole gold and china. and over the past number of years in a rush has been quite open about at china is really like new incognito and about it . and they develop the shanghai exchange. so you can trade gold that now as i understand the arrow, but rich energy rich nations, i'm very interested in getting involved with a strong high gold exchange, but as
4:42 pm
a way to, to exchange energy without using the petro dollars. some people to talk about the petro, you, one and then today, love roles had a meeting here at moscow with all these leaders of various persian states. the key, perhaps chris, is these are the energy rich states. what are they doing in moscow today? do you know i've got no idea of uh, i mean if we want to spec to light that go, i think they locate the, you know, the, the, the syncing is not problem is, is, i think is one of the best they, the best fit for them. out of all time and how he deals with things and how he's able to, you know, be incredibly inside your mind. he can unite very cool, great emotion inside your united, of these people around whatever the idea is. i think the idea is there's a reason that taking on gold they've, they've had it in a day impact plus nations which these are the, they've had enough because all the time, well, they're trying to do is take gold out of the ground, usually to fuel their own countries, it's been weaponized against and the old company weaponized against them because they don't have any gold reserves and said that simply it, i think uh yeah, yeah, i think absolutely right. mean time for all these years, china is been using american paper dollars to buy physical goals and talking to
4:43 pm
contributor chris and hits. how are you so good to have you here? you're always so in lightning. thank you very much sir. you say the same thing here . as well, thanks for joining us here for this program live from moscow. you wouldn't believe all the changes happening in the world today. you know where to catch up to you dot com the there is a, a growing attack about whether the dollar could soon be displaced by rival currency . both as a reserved currency and central banks around the world. as well as the current to used in an overwhelming percentage of global trade. i'm sure i know he used on this edition of 360 view. we're going to look at one of the top arrivals to the us dollar and how this is affecting the already promoters relationship between united
4:44 pm
states and china. let's get started. the, historically, the us dollar has been a strong currency and has been widely used in international trade in finance. however, recent times, the power of the chinese you are also known as the ren min. b has been growing steadily as china's economy has continued to expand and become more integrated with the global economy. a chinese government has taken steps to liberalize the u on and open up china's capital markets to, for investors or foreign companies to assure you on denominated bonds and promoting the use of you want and cross border trade settlement. the response by the world powers seems to produce the desired results, and the chinese efforts have not been in bank. at the end of last month, china and brazil reached a deal to trade in their own current streets,
4:45 pm
ditching the us dollar as intermediary. china also has similar deals with russia, pakistan, and several other countries. in february, the central bank of the rack announced the plans to allow trade with china to be settled directly in the u on currency for the 1st time to improve its access to foreign currency. those are defend the dollar and say rumors of its debts are greatly exaggerated. point out the greenback is an entrenched incumbent and widely trusted as a safe haven. but is a confidence based on the past give a false confidence regarding the us dollars future. joining me out to discuss it, geo political end market analyst, as well as the publisher of the gold goats and guns newsletter and a blog tom long ago. tom, thank you so much for joining me. thank you for having. so i had to ask, is the dominance of the us dollar at risk, and who would we consider the major competitors to the us dollar currently?
4:46 pm
well, it is, there are a lot of risk as you pointed out in your opening. but at the same time, those risks in the near term are more mean than reality. right? uh, global the dollar sol settles, 90 percent of global trade. most funds are sold denominated and you know, buying a, the triple a rated. that's such like the, the, the, the, the, the treasury and whatnot. there's a lot of money that wants to get out from underneath the dollars just.
20 Views
Uploaded by TV Archive on