financial instability and tardy comes from the fact that they don't produce much in the way of their own energy in the same india's got the same problem, right? and so now you know, india and russia are working out terms of, of how to do business outside of the dollar. india is always buck this. even going back to the obama administration, when obama kicked around out of swift in 2012, you know, india and, and around were doing trade in, among beans and washing machines and the rest of that in order to get oil into india and oil out of iran. and you know, spare parts and whatnot, but they needed dinner on the india provided for them. so this is coming. and when you get to a point where it's either you knuckle under or you die and you don't really have another option. and, but you now it's time to then make a big change. and so the chinese and the russians are, and, and to us are said, the iranians are really the, the, the driving forces here. they are the ones say, we have a framework that will help you move away. and opec absolutely is saying

we're tired of taking your nothing, your data for our something our oil do. again, that's the world that, that's the, the big thing and with the saudis telling biden's and no one sanctioned. it's again another one of these watershed po, geopolitical. that's very, very important. so opec's run by the china, the, by the russians and the saudis, together effectively, it's not opec plus even, you know, where that, that, that they stand. and they're not going to let the, the americans and the british and the europeans bomb, the price of oil in the futures market. and, you know, try and destroy their budgets. so then what happens to the rest of the production, right, and we'll raise prices. well, that's the thing, what happens the us dollar when that happens to the american economy, if the way in not even with when the us dollar loses its reserve currency status? well, it's usually it's reserved currency satisfy the death of a 1000 cuts, right? when i 1st started looking at the stuff 1012 years ago when i was arguing my living

room with my marxist friends, it was after we were 71 percent. right. when i 1st went to work, a news max and 2013. i was, i may, i brought this up to my, my subscribers and we were at like 67 percent of foreign exchange reserves were us treasury is today is 59 percent. right. and actually a friend of mine owes me a bottle of whiskey because by 2020 i said it'd be below 60 percent and i would write it all by quarter. so i get to be right about that. but so yeah, he does deals me a bottle of them for 15 year mccallum, but i'll never collect on that. that. that's why. so the, when you, it's going to be slow because no one wants this process to be disorderly. no one wants it to be dramatic. okay, the chinese don't want just disorderly institutional collapse of the united states any more than we do? who is that? who are they gonna sell their stuff to? right. i mean, in the russians, don't want it, because then they have to then deal with the europeans,

were proven themselves to be just as vicious towards them, if not more so than the americans. so the russians don't want to do this either. they can see the, the, the, the way the geo political map works out, every body has an interest and effectively, let's dismantled the us empire and the vestiges of the british empire that operate within the us political circles. and let us dismantle that slowly and organized manner. and guess who's saying no to that. the old colonial powers within the european, british and american establishment. right. and that's what we're dealing with today . and all these other issues are just kind of side issues that show our emanations or, or shock waves ripples or pod of that big or fine. so are there any other currencies that could prove to be strong? i'm the rubel or the ruby, for instance. though the monday, the, the russians are going to, in trying to internationalize that rule as much as possible. cuz i do think that they're serious about putting together some kind of multinational version of the,

the of the i'm f s, the are the breaks coined or whatever you want to call it. and everybody who's currencies are and now they're all kind of jockeying for position for waiting within that system like we have the us dollar index, which it'll a weighted index of, you know, the euro, the, the, and the pound, those are the ones that dominate, right? the interesting way the chinese you want is not in the us dollar, and that's what they find whole areas. so there, you know, when you listen to people, i swear to god, you're having a others talk about this kind of thing. what they're all now. john q 4 is how much their economies and had their currencies are going to be waged within that. so the ruble will be a strong player, and that's simply because the russians are so strong commodity exports. but i don't think that they have the capital markets or the capital market capacity to be a dom, be the dominant player. and i think the chinese are definitely going to be the dominant player in that. and the russians will be happy to, you know, not play 2nd fiddle, but to support that and complement that system because they are at the end of the

day, you know, in many ways the world's commodity markets are gonna say, so do you think will actually end up with one dominant currency, no matter what, or can we do this multi polar world and be able to find. and i do, i believe minimal. i believe the multiple words as possible. i believe the people who are against the multi color world are the very ones who's to pain the most advantage over the current uniform world. so of course you would expect them to fight tooth and nail for that, which they currently have, like people who have power are definitely afraid of losing. and so, you know, that's the, that's you, that's the 1st stage of your have your vote chart of what you expect their behavior to be, right? so that's why that's what, that's what i see. that's where we are. and the, the, the thing that worries me the most is, of course, that they're willing to, you know, start kinetic war with 2 nuclear power. and on the other side of it, you know, i'm also worried that they're attacked, that the counter attacks from them and others are to disable as the united states

politically and socially and economically such that we just send to know some kind of some of the or the stop but include the larger war. so then a, what kind of kind of pops is choices that are american when, when there's clearly a 3rd option, which is the tonight or the defect. but tom, i don't think we need the outside. interject the, i think internally america is doing it good. you're going to have jobs delete itself to that type of divisiveness. but them also scratch my has often at this aggressive stance that america is taking towards china. so might be justified. some might not, but do you think ultimately this really is about taking the you on down and do you think it will succeed? does it all come down to the mighty dollar? as it does is some ways it really comes out. i don't really think it's about the dollar. i mean i, i firmly believe that what's really driving this is this desire on the part of old european money to get everybody else to fight amongst themselves. and so europe can

bike wind up on scale and then they can run the world after a we're all done by us beaten each other over the head. right? that's what i honestly see is as the goal here, if i were to look if i were the sick man of europe, which i'm not. but if i work, i will be looking at my inability to grow my own food by using of, of provide my own energy and electricity and everything else and all the basics, right? the europeans don't produce enough to support the economy. they have to bring that stuff in. well, who's so who's the ones that are that are pushing the hardest for climate change controls on the global economy? europe. so how are you going to get out of that? when you have a fundamental structural deficit and an economic level, what do you do? where you get everybody else is better than you to find only some cells mean if i'm sitting at the fun sitting at the, at the, at the, at the poker table, i'm trying to get the 2 big sacks to meet each other up. wives live, you know, so i, for money off of them, like that's the way you play that yet. it's

a natural outcome or natural, you know, outgrowth of looking at it from a multi, you know, not as a multi polar, but of a multi act or not, or factional perspective. and so they, europe is the only one who benefits from this policy. the united states has not been with us, and this china doesn't benefit from the wash and certainly don't benefit from it. the global south isn't the rest of the global south, doesn't benefit from it, only you're the only europe. and that's why i keep coming back to it's about your more than it is about trying. and that we're being gasoline into believing that there's not a, there's not a, a negotiation that we can't have like are you all to and just like cargo for world, like we campus. second you all to is part of the world. we go, it will you go your way, although mine and we're all good, like we can do that, but we don't have the people in charge because those people are, we don't have donald trump in charge. donald trump would make that deal in a heartbeat. but he has many deposition as a person is a president,

but he understands this part of the game. right. ok, joe biden doesn't understand what you have for breakfast this morning. he answers, i'll put him in power, and on that note we will leave the scrambled eggs and toast and say, thank your talent, go for such a great insight into what is going on on in the global economy. thank you tom. thank you. the so protecting the future value of any currency is difficult and can be impacted by a wide range of factors, some natural and others under man's control. this debate is one united states could have avoided if they would have been more fiscally responsible over the last 3 decades, and not have the nation's debt growing larger, then it's gross domestic product. but it's the irresponsible as united states has been with its monetary policy. it's foreign relations policy has as much to blame. united states hasn't started to draw lines in the sand with china. and as long as the dollar is the reserve currency, economic sanctions, it can be as dangerous to a country as a military weapon. i'm sky now. here's,

and this has been your 360 view of the news, which affects you. thanks a lot the i think he has won the jersey falls you previously when i can reconcile, reconcile themselves to face difficulties, business them, be hostage by any analysis of my phone. i would try to do an actual typewriter will resist any kind of compromise, any pressure, any, any mental, any last thoughts are lost. i thought about re much be too much. so if we of 6, the

people start to see if the united states supplies cluster munitions to claim the russian on forces will be forced to use similar weapons against the putting on force. as tough was from showing as rushers, defense minister ones and moscow will respond in kind of key of deploy us supplied, cluster munitions. i think that over 26000 ukranian troops have died and key of the recent counter offense the night. so somebody can feel nearest at all how there are no nails, as members are only able to construct a stipend, suggesting no nato, a membership for you praying until all conditions saw satisfy the executive people have lost their lives. have a look at these pictures right here. bridges and infrastructure just blocks away is being reported as the worst funding in northern india. in decades.

the cost here to have your company pull this. i was real cost problem. most of you so much to tell you about this evening, so it's a pleasure to have you with us brochure as a defense minister has, has war. now that if key of deployed us applied cluster munitions against russian forces, it will compel moscow to use the very same tactics. a super start to say, noticed that some concert, if the united states supplies cluster munitions, to claim the russian on forces who would be forced to use similar weapons against the ukrainian armed forces. i'm showing who reminded washington the prussia has form or across the munitions. the united states is applying to crying, therefore they will be more efficient and more deadly. what the potential to inflict, even heavier loss is on the crating and on forces. now of course, uh, these positions have been used before by the united states in a rock come, i've done this,

don't it's devastating effect. what they do is these close to munitions. a lot of the roommate unexploded and for use light to the sometimes picked up by children who mistake the full toys. so they're afraid so incredibly low, low thing, which is perhaps why it's cold division. even them up to us is a, it's a so i'm $120.00 countries have find the use of close to meet agents. i don't want to buy more and they told members i showed his, hey, so touched upon books. uh, the latest developments in the special ministry operation, and he said that to russian a full set of rules, a counter offensive across the cross, no limit and square. they've made some significant gains along 2 kilometers along the front line one and a whole hit on which is deep. and he almost always spoke about the hughes real estate, the reading a suffolk while you training full sees and the counter offensive. so some or more than 26000 ukranian forties, happy and killed. 3000

a weapons have been destroyed. among those is 1200 types, including a large number of those. uh 17. i think german liquid times the calls were not allowed to cold in goodman leopard tongue side of the ukrainian now because they've supplied them to ukraine. 27 storm shadow missiles have being able to separate these, of course, are the lower rise missiles supplied by britain and a 176 time. also one was maybe 500 drones that was causing her. the news today also upfront is now sending a long range weapons to cry. nobody's comes on sugar, said the counter offensive. your price counter offensive is failing, is no odd phone signal is not meeting any of these goals. well, the former us president donald trump, as i jump into the debate regarding the whitehouse decision to send cluster munitions, you said the bite and administration is driving the world into a global conflict with its escalation. meanwhile,

the current us national security adviser has a, justify sending these plus the bubble. it's saying it's a traditional stockpiles have well been depleted the unitary rounds that we've been providing and that we've been getting other allies and partners to provide to ukraine. those styles are running low when it came down to the choice our choice wise. despite the difficulty, despite the challenges, despite the risk disability and harm associated with cluster munitions, the risk disability and harm of leaving ukraine without html. what needed was an arp from our perspective, greater sounds to me like chick sullivan is increasingly frustrated to admit that our stocks are down and then we're having to resort the clusters. and, and knowing what the consequences are. you've got about a 3rd of the nato countries that have signed this convention against the use of cluster bombs. i'm surprised that that hasn't really come up as

a major issue among the among the natal members. and it may, there's one more day, but it's not gonna stop the united states. i'm sending them if, if uh, the, these advanced weapons that are going to be used russian will. uh, what, what reciprocate and kind. and they have a lot more than what ever the west can provide at this point. and we're seeing that on a daily basis. that's why this kind of offensive ukrainian counter offensive failed . it has failed. so it means.