and again, that's the world that, that's the big thing. and with the saudis telling biden's and no one's saying something that's, it's again, another one of these watershed po, geopolitical, that's very, very important. so, opec one by the trying to buy 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 budget. so then what happens to the rest of the production, right, and we 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. it does have a 1000 cuts, right? when i 1st started looking at this stuff 1012 years ago and i was arguing my living room with my marxist friends. it was after we were 71 percent. right. when i 1st went to work for new snacks 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 drivers today is 59 percent. right. and actually a friend of mine owes me a bottle of whisky because by 2020 i said it'd be below 60 percent and i would write as all by quarter. so i get to be right about that. but the, so yeah, he does deals me a bottle of them for 15 year mccallum, which 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, the russians don't want it, because then they have to then deal with the europeans who have 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 less 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 why 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, the the, the, the russians are going to, in trying to internationalize the 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 f s. the are the bricks 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 i find whole areas. so there, you know, when you listen to people, i swear to god, you have another others talk about this kind of thing. what they're all now, jock q 4 is how much their economies and have their currencies are going to be wager, but than 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. um, and the russians will be happy to, you know, not play 2nd fiddle, but to support that compliment 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 5. 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 were to nuclear power. and on the other side of it, you know, i'm also worried that their attacks, 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 for american when, when there's clearly a 3rd option, which is the to night or these things. but tell them i don't think we need the outside. energetic, i think internally america is doing it good, good enough job. 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 were, 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? the way you get everybody else is better than you to find only some sales. mean, if i'm sitting at the sunset that the, at the, at the, at the poker table, i'm trying to get the 2 big stacks to meet each other up twice, live, you know, say for money off of them. like that's the way you play that. yeah. it's a natural outcome or natural, or, 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 russians. 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 it keeps coming back to it's about your more than it is about china and that we're being gasoline. it's a believing that there's not a, there's not a, a negotiation that we can't have like, are you all thought i'd just like cargo for world? like we campus, 2nd you all, that is part of the world. you go where you go, your way. i'll go 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 the president, but he understands this part of the game. right. okay, joe biden doesn't understand what you have for breakfast this morning as yourself

put him in power and on that note where he 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. i 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. i select the

i think the other ones, the jersey balls, you'd probably use leave when i should reconcile, reconcile to so the police are not on the system. be hostage by any analysis on my phone. i would try to do not showing that i that will resist any kind of compromise, any pressure, any, any mental, any last thoughts or loss. uh, not, not really much. we can mix up. we of 6, the,

the toner, it will see skit they see, they will see skit out of the go with the that you sent those last i was, i'm only on is zacko. go and then get out showing an average uh for it up and you're not, you should have full state taxation. you folks have shut off the shut off. she's just showing you've about john long would love to go. just talk a little. you should see those sheets of those a go. there's a little c, a years ago sales custom goes, i can see it was a must see. i'm a photo, skid. she was of the about the show and 2nd most to go to court order. sure thing. it's been collab most i usually it comes to shop, getting a 2 to 3 year old. but when you get a mind for sure was to play catch to try. you scroll academia and the console. people to revise your saves the

the since you push the start. if the united states supplies cluster munitions to crane the russian on forces will be forced to use similar well. and so it gives the crating and all the forces. yeah, so for us, i'm sure i get it right there. as rupture as defense minister warms of moscow will respond in kind of key at the flows. americans supplied slots that munitions meantime, adding that over 26000 ukranian troops of died in p as reason the counter offensive and they have somebody in building with it all hammer and no nails. that's members are only able to construct a stipend, suggesting no nato membership for ukraine until old conditions saw satisfied. also in the program, at least 70 people lose their lives. have a look at those pictures of bridges and infrastructure destroyed and washed away. as being reported as the was flooding in northern india in the decade and the

russian estate duma adults to low establishing the introduction of the digital ruble in russia all to contribute at christmas. joining us for the best program to give you all the details, the right know mastery narratives on this channel. and the reason you are probably watching us right now, you'll use stats this moment to announce the international rescue as defense minister has one that if indeed key of deployed is us supplied, cluster munitions against russian forces. it both compelled moscow to use the same tactics. a police report stop to say, noticed that some cases, if the united states supplies cluster munitions to claim the russian on forces will be forced to use similar weapons against the crating and all the forces. i'm showing, you reminded washington, the russia has far more caustic munitions that the united states is applying to crying. therefore they will be more efficient and more deadly with the potential to

inflict even heavier losses on the crating and on forces. now of course, uh these positions have been used before by the united states in iraq, and i've done this down to save a staging effect. what they do is these plus the munitions. a lot of the roommate unexploded on 3 days late to the sometimes picked up by children who mistake the full toys. so their effect. so incredibly low, low thing, which is perhaps why it's called the vision the even a month to us is a lot. so i'm 120 countries. i find the use of trust to meet asians. i don't want to demo and they told him members out a food tons to phone books. uh, the latest developments uh, in the special ministry operation. and he said that to watch him like full size of rolls, 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 kit on which is the and he almost always spoke about the hughes real estate,

reading a suffolk while you create new policies in the counter offensive. so some or more than 26000 ukranian forces have being 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, of course we're not allowed to call them goodman leopard tongue side of the ukrainian now because they've supplied them to ukraine. $27.00 store and shadow me solves, have being able to separate these of course of the long range missiles supplied by britain and a $176.00. hi miles along with maybe 5 hundreds drones dialed causing her. the news today also upfront is now sending a long range weapons to cry. nobody's comes, i'm sure you said the accounts are offensive your current account. preventive is failing is not boned signatures don't meeting any of these goals. lymphoma i do as

president donald trump because i chimed in, reacting to the white house decision to send cluster munitions, saying the by the administration is driving the world into a global conflict with this escalation. meanwhile, the car with us national security advisor has justified sending the cluster munitions, saying it's traditional stop piles. being so badly 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 was, 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 tma with needed was in our, from our perspective, greater sales to me like chick sullivan is increasingly frustrated to admit that our stocks are down and that we're having to resort to 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 nato members. and it may, there's one more day, but it's not gonna stop the united states. i'm sending them, if of these advance weapons they're going to be use russian will. uh, where reciprocate and kind. and they have a lot more than what ever the west can.