reality into account, try me. i will not never go back to, to ukraine and the other regions also. so as long as the western countries down to accept this, there is no other way, i think. well, thank you for reporting and thank you for your time. hendrick webber, norwegian rider, political analyst and former politician. thank you. thank you. and that's all for now for the latest breaking news and updates head over to r t dot com. thanks for joining in. we'll see you back at the top of the hour. the i'm action redundancy and welcome back to going underground bulk of single or on the world from do by in the you

a this week. and the allegations of by the new green corruption, us authorities tried to prevent you as well position lead to donald trump running next is presidential election. meanwhile, the global south, prepared for south africa's brick, some of the jobs to the st. petersburg, russia, africa summit, where a new world order was planned out, but one of your, of a raging war, killing tens may be hundreds of thousands of content and cut off from vital russian energy by the terror attack on north stream economic powerhouse germany facing recession and one in 5, not having enough to eat tonight. some think your prospect so no good joining me is warmer. i'm f economist, dr. david with david, thanks so much for going on because i said all that and the european leaders who are being media will be quick to say hang on a minute. the russian energy is all being replaced. no problem the your rowe as you yourself have said people can watch your video on your youtube channel. the order is up to cover it all the losses and ok, you are being lead is a very unpopular at home to ever be on both the left. but having a good war,

you you back to different? yeah, yeah, i definitely think so. i think the short term does no question. i think, you know, europe, at least over the last 6 months, has benefited from basic collapse and energy prices. and um, however, what we need to recognize is the fact that while the absolute level of manager price have come down for europe, the price has actually gone up. okay? that is to say, that's a big europe is having to business problem further and for the weight to secure energy instead of buying basically the natural gas from restaurants. okay. they don't have to be to get a guitar the us. well jerry, yeah. okay. you know, it's, i'm getting boiled directly from russia through the pipeline. did not have to get up here. i think gotten very far away places instead of getting their home restaurants, they navigate it from south africa in australia and transportation is very expensive. and the whole of just, it's very expensive as a result, if you look at natural gas price, for example, today,

natural gas price that german companies are paying are literally basically $4.00 times higher than what their us counterparts are paying. i mean the content that was not very competitive to begin with. now they just being doing the math and competitive basically. uh and this is a wide, no wonder german companies. one often not dark, are basically like, you know, picking up and relocating their manufacturing to the us to china to anywhere they can access cheaper energy. because what people need to realize is that there is no in europe without germany. and the german economy is a manufactory economy and manufacturing economy by definition means it's basically energy intensive industry, especially when you look at basically german chemical industries. was one of the main industries in germany. yeah, the biggest chemical company in the world as when it comes over some of that energy, okay, per year and then the whole entire nation of denmark. okay,

so from that point, i mean there is no. now, germany's already is struggling with the fact that they're behind in the production of t v. so remember, 25 percent germany economy is basically making cars. okay. and then in the industry to begin with, they have falling behind us in china and development of electric vehicles. on top of that, the electric vehicles basically requires 25 percent less labor to make a car then that's just a a combustible engine in the car. so germany is already being hit every possible size. and now this war, i just know i would argue a fatal blow to the german economy. i almost feel like germany's freak walk into this because of the green party has decided that you know what we want. it basically get it far, no way to force germany to, in general just stop consuming energy altogether. but of course, what's gonna happen is the oldest pollution is not going to happen in china, not wanting the you was, you know, the hope you really believe the global climate hypothesis,

the whole kind of still going down, you know, where do without germany. and guess what germany mean was lot losing jobs left in. right. so this to me, it just absolutely 80 adi there is, i mean germany says the old that they are walking into this and committing a total weight to nomic suicide. it's unbelievable to which of course, and to the blinking the form of west exact pentagon contract, it would say to you, what are you talking about? we'll look after your, we'll open all the natural gas terminals for all the lost gas, and we'll sell them your of the it will replace that russian gas with natural gas to, to your from frac doyle. sorry, frank, natural gas in the united states. what are you to here with? this is russian by guns are in fact what your thing is. except it's just more expensive. they're not facing. if i just think about this also boiler price mike. right now is like, you know, what, you know, you're in the us and japan or say we're going to basically pay $100.00 more. then

everybody else to import energy because, you know, because i mean, right now the china, india and all the other countries. um, importing oil and trying to basically get the $2020.00 discount. and by the way, the warranty, basically this, whatever, for a sanction against the washing energy, everybody will be consuming low energy price or possibly is a trying, it'll be paying more for the europeans and whatever the japanese will be paying less for sure. but the point here is that you want to know if the americans won't be within your peace, don't get it. is it? americans are not interested in the welfare of europe. the american feels that you're owes it to the us. america bill is like, you know, what we said you twice. okay. one world war 2 with a new thing, the cultures of the soviet union. we have been underwriting your security for the last 50 years and hard. you pay the fact. and this is how the americans thought about when basically merkel wanted to build basically north spring. so they saw

that, wow, i'll do everything we've done for you. you're going to basically join forces with russia. okay? this is the reason why the, how to drive. but why? that's why this war to a great extent, it's about basically driving a wedge by the u. s. between europe and basically russia because they knew was already what continue with china as a competitor. us clearly did not one germany, a partner of the getting the bed together and also give the us a, basically a rug was money because of what the us has is very, very low cost energy, abundance of energy in germany were to actually form a partnership with national, insecure russian energy, then there's no doubt that us would have lost competitiveness. and for the us there was no way the us and was going to take this lying down. now, after all these basically over eliza is given for the protection of europe. so from that point of view, i mean it's completely understand or both to me. why did you was there when it did?

what it doesn't make any sense to me is what the, your opinions are following for this. can they not the same things a bit more clearly, i have what higher hopes for spacing all actual just and he's actually demonstrated any common sense. but i'll get to know what the stream will particularly in a, in a 2nd, but clearly the by the new ministration. the state department, daily press briefings, running completely country to what you're saying. they say your up is upon your up, is, are, you know, you look at the install debug and nato, this is one big, happy family. it's not competitive a tool. and do you kind of imply it in your on so there a well, i mean, why would leaders in your group be amazing economic suicide like are you saying schultz macro sanchez, maloney cost them? it's a heck is very good. the crew and a 100 by the these lead is in your over it. it's, you know, 1st of all, i used to think what this is because good thing, right? you know, you part of the european union. but right the sessions are being made basically in

a committee saying shall leave through you dynamically. but i think more currently, i think is the fact that you're things. in the last 50 years, the all european project was meant design to basically eradicate nationalism in patriotism. and what is nationalism nationalism is doing? what is a good for your people and the europeans. i mean braves. this whole idea is that you know what, you know, we want to basically do what's good for the common good, as opposed to ourselves. and then there's also the pining away, very sorry, david i got i just needed to be there just quickly say in fans, britain from where i was a who was born a very and on this to and they left the europeans. you you're exactly right, but the, remember, listen, i had high hopes i'd be, i saw so not was gonna step away from this. but i think is some, since she inherited a policy that was laid down by twice and trust was the biggest part of the. all

right, i mean, for us to was the ones that wanna tear up things with china. approximately one of them was going to basically pick up all the way to base and be a russia, right. was a complete disaster with no, no, even embracing people. no, i'm by the way, also a producer doesn't. i lived there for 10 years. my heart goes out to the brakes and there is no doubt. i don't know, is ben wallace was no doubt, but so not i somehow don't think that if he had been on his own, if he has been there, somebody being very different. it was maurice johnson, and i think i can forest johnson. i think the guy turned out to be a complete disappointment. i can't believe i voted for him. i actually supported briggs and is also for i think he is father's being on the show. his father's being on the show quite a few times. you know, it kills me because you're going to think about this right raises. what is really, really me, the reason why i was for bridges was because i told brittany by leaving the european union in charge his own course english. i mean, the 1st of all i vision is most accessible civilization on

a planet. right. and the, everybody speaking english thing, this culture, everybody restricts there and now basically told a story these days. but the point here is this. right? well, ready to say we practice from the exit from britain from basically you have to make friends with the whole entire world. not just thinking about this really is a 3 years after griggs in the u. s. u. k, supposedly best outlet has not even so far given that you can arrange for a agreement. so the okay in your lease, being your up and you haven't even got a winter agreement. and supposedly your best friend, your shouldn't be pleasing playing the role of the mediator. because we're, we're just people, they far more than a year old. they have a global perspective, bbc, you know, so on, so forth. they should have basically taking advantage of the crisis and become the piece broker and the fact that the time being this way, i think is a total. it's a get it to me is completely against any kind of way as an adult,

the pride magic policy put a good, a british people. again, i'm only because i'm not rooting for rush or are where you claim with us. you're up . i'm voting for the little guys, what i see the lead guys in britain in the us and ukraine interrupt you are getting screw, big for a bunch of incumbent and policy makers personally, groups that have not tried to stop the american madness to basically bring down rush i will cost. okay, buddy in fan this to the united states. you do say they are acting in the self interested way. see much as being on the show. people can watch our exclusive global, exclusive with them about north stream. you believe that it was a if it is the usa, the c, i a, a self interested acts. i mean, if we put environmental concerns to one side, because it would have been, it was the largest to me saying the emission event in history man man made. and joe biden says he's environmental. he's interested is the environment. but this was it

. this is a brilliant strategy by the united states. if it was the in terms of the economics it is we, we know this started with kennedy. apparently actually got the needle back to make a 2nd, getting free to basically adopt a sanction against germany. exporting part of the pipes to us over a unit. and then we know what the ranking it went on with obama, who was basically get a seato basically, i mean, someone who was bush, who is against basic construction of more stream one. and a bama was it gets to sort of control and inviting bass and of course the said, but you know, i think i think we know what might in that i've no doubt that you know, because again, you know, i, i don't know who did it. we didn't already know is that the water for a crime to be committed? it has to be a motive, you only kind of thing and then part of the mode into destroying the last thing is of course the us because it is the best way to basically destroy any chance that

you are a isn't a negotiate with russia. because the u. s. was trying to destroy the one piece of leverage the russian might have on your own. that might cause the european to think more extensively about what they're going to do. the us just took that away, destroyed. so there was no turning back to the europeans, dr. david, who i'll stop you, the more from the form of wall street strategist to diagnose the economist after this break. the so he's got to do is identify the threats that we have. it's crazy foundation, let it be an arms race based on authenticity. very dramatic. the only personally, i'm going to resist. i don't see how that strategy will be successful, very critical of time. time to sit down and talk

the welcome back to going on, the guy that i'm sylvia will talk to david lou full what street strategist and i'm going to miss david you, we were to, he invited one about the united states is, must apply, i'm here and it's mazda strokes as to how long your can continue to committee, you know, make suicide. give me, do you think it will be up to civil unrest? i mean, we saw some civil unrest across the whole of france in switzerland. we've seen some room this week. holland otherwise, uh we haven't really seen anything by the people of your but bob from expressing distasteful. their lead is positions on the following living standards because of the war and your what, what is going to make them change higher interest rates. it is interesting because people say, oh wow, why, you know, you know, because, i mean, seriously,

a year ago, it was a pretty big thing that by now you have to be in a basically deep recession. it hasn't gone into that research and you know, why? because europe has been amazing cisco stimulus for the whole system. and that's the simulators. ok, we're talking about subsidizing energy, subsidize, and consumption. all that kind of stuff. that no doubt was the reason was disappearing. economy as well. the us economy 2022. but in this they, we live in 10 years to 2023. so from the point of view, i would argue so far the europeans, however, we felt the pain. okay. well, i think what we're talking about right now, what i'm talking about right now is long term pain that has yet to come. by the way, what you're going to see is a wholesale, basically like literally people being let's go laid off in germany where people are going to basically, you know, facing the go into pro. 3 demonstrations and so forth. but what i'm saying this is

that this is why i think next year is interesting. but meanwhile, seen the interesting thing. what i don't understand is this, you know, you say, well democracy right now is very clear. you found in german opinion, impulse never pay anything where. ok, division between people want to come to support your claims that people don't want . it continues to support. you crank one thing that germany is competing total suicide. what is actually been going on right now? i kind of feel like they are basically citing, you know what the next election is not going to be for another 2 more years. yeah. you know, what's gonna happen between now and 2 years time, who knows by then rush or might have been defeated. and so on. so for the result, both marketing in shots are behaving as the public opinion, doesn't matter. they are behaving as though the only thing that just hunky dory. they are basically doubling down their basement housing. they're sending weapons or whatever. i mean, the differential starting to send, basically christmas with directv. christ is almost as though they feel like okay,

fine last the 1st row. okay. the only shows now is that i'm going to double down now, i guess what am i crazy to run for a 3rd term? so carrots, as far as he's concerned. that's the problem. this is why i actually think what this entire solder is showing us is the weakness of our democratic systems. this is to say the russia in china have better political systems, okay, in terms of decision making. but there is no doubt that democracy is failing the europeans in a very big way. i can, i can say roger and china, russia trying to say they are democratic, of course, in different ways. russians elections have been the independent, the jacks. but actually, it's your fault in a way, david, because you are at the i m f between 96 of 2000 and the only leave of these european governments have under the regulated markets, is interest rates to cub and issues. if you also hoped for the way the economies are now set up with their, uh, e and again. so you are being central bank,

the bank of england. they don't have any other methods of being able to look at the economy in a different way. as regards strategic investment a i, i'm still high interest rates in the only reason why i'm for high interest rates is that i think it will be you know, a tragedy. and we see basically what happened to 19 seventy's making a major come back, especially in the country like the u. k. which i really care for by the way. okay. you are the like. it was boucher, and though literally the he bought the crack down the whole entire thing to bring down in placing these by cations. so from that point of view, like you're arguing there was one thing, the western economy is accomplished in the last 30 years. also things to basically globalization, the integration of china in the global economy, which helped drive down. i should know what they really successfully managed. so there was bring down basically inflation, which allowed him to bring down interest rates. now, you know, you can,

with even pushing with those with these levels in your core, inflation is still basically very high above 5 percent. a basic equation level remains. let's just say for example, we now have a major russian offensive in the next month, which is my prediction. okay, i think we're probably going to go sky high. i think that basically we can see literally natural gas price going right back up. ok. in europe this facing the winter and where you see it repeats in the next, whatever it spring to 6 months, like what we saw like last year, i'm telling you the inflation genie will be impossible to put back in the model. then you're going to be talking about speculation. that question is even worse than reception, by the way, a good thing is in the research and you can bring down these those rights in a 2nd place. and you can't even bring them into a phrase because any impression is going to go up even more. okay, we saw that we saw the for the west, it figures from britain since 1961 is a portion of a g, d p. we see germany in recession,

how carefully given the brick summit is coming up, how carefully the global side countries have to have to be when it comes to divesting themselves of debt, european debt, and, and the american debt that the given the overall training and kind of catastrophe in nato countries, economies because obviously they can't just sell it now because the seller will about china is being selling a gradually, by 800000000000 now. um yeah. okay, definitely. do they have to do that 1st? well, i, i not that much, not that fast, by the way an economy would possibly yet, i'm not, don't worry about the us dollar yet. because 1st of all, to us as the big winner of this, right. i mean, the us is, you know, basically using your to basically, um, to basically uh, stop rock shock than we even try. right. because i mean, i mean, i mean china was basically, is bill drummond,

he's largest export market out of you and not the us by the way. and what time, even though there are kind of war with each other are allowed to be right. is ok. but the point is it was a you was, is still looking pretty know, but when we had to stand above, the global south is, 1st of all the global stuff as a group, we're talking about north china, brazil, russia, india, and basically the rest of them. they run on the hall. ringback an aggregate, chrysler plus, in other words, as they are necessary, never savers. which means that they know how to invest their money, something else outside the block. right now honestly, in your, in view, this is man, okay? you just basically saw some stuff to basically rush or are you happy to sit on the russian rule? well, what do you ever, chinese business men be interested in basically sending on the indian routine? probably not. i can guarantee you. probably not. one thing is to basically make payments using

a break currency. another thing is to fix your hard earned savings and investment is right basically office. there's a reason why the dollar is, is where it is right now. the us stock market has been the best performing stock market in the world in the last 2 years. okay. this is, there is no other mortgage that even comes close to charging stock market is the one of the worst. 20 years actually is this part of our chinese, the company's been growing. the chinese stock market has been terrible, terrible because trying these companies are not very profitable. and because the country is still the best value, while it could be the different system as to how investment is made as, as, apart from the printing of money, which has happened in the united states since the west indies. and on the crisis, i mean, you make the point in your video about the, the dollar, but that good sanctions change all of that. i mean, given that to you and say, you know, the, the new york song state has done very well. but the point was,

the dollar is fungible, you can sell it, you could buy it everywhere. it's a don't sanctions change that for the 1st time, people around the world suddenly realize it's not safe to have dollars stored. because your country, whether it be in latin america, central america, or after court, southeast asia. if, if you politically take the wrong part of is the state department sees it, you, you can be sanctioned, you can lose the money. you're going to 3rd party sanctions. it's not a great currency of drawer. a sure. this is why you know, what are the dollar the questions, what are you going to his partner cards, you can do the job nice and the europeans are in the article, most of the us. so it's like if you don't want them to get comfortable, you was going to come get it by europe in japan as well. so when you look, the width is investing each other and there are lots of problems with that. as we said before, right, the one thing you have to set lower returns, no power or is that good? i do think there is one else that will do every. so i'll perform everything go. that has to be goal. right?

yeah, there's only goal and it's going to be says, no, go like this is why i moved out like the reason why gold prices haul up very high despite this all up in bonds. because normally when interest rates go up, you know, go present, go down because gold doesn't pay interest. so that's why interest restore the price goes down. you know, in the last year it's pretty remarkable. the interest rate been going up, the goal is still very, very hot. okay, i get uh, i can always hear the crypto car and see trade is right now complaining that you're, you're forgetting another another way out of all of that. but um, uh, but the why, why do you think it is in that there is this uh, group think i'm in think tank some extra unless in the media i'm a monthly does that alone politicians then in nato countries that think the everything is going to be is good, it's going to go the way they want it to be to go and the to the dollars still there and sanctions are useful weapon. i mean,

why did everyone thinks and sanctions were gonna work against russia? i just want to say this, you know, like what you get down to the brass tax. why the dollar so strong? despite all the problems of us faces is because, you know, apple is a us company. facebook is us company. google is a facebook, it's a come, it's a us company and microsoft, i don't to tell you today these the so called, basically magnificent 7. know what the 45 percent of market capitalization of s and p $500.00. these companies, i'm not release their global monopolies, this is why, by the way, the u. s. foreign policy is being conducted to allow these companies continue to basically maintain their monopolies. what is really going on is that the whole entire world, especially in europe, in the how lives are paying the honey tax to us every year in the form of basically what revenue to these basically us tech monopolies. that'd be kind of also.

meanwhile, the biggest donors to the democratic party that basically use everything they got to help basically them across secure the 2020 election and then the returns. but that is why the dollar is so start, i think the most important things happened. the last 3 months in the market is affecting your cleaning and government debts. a hi phone, number 16 percent. i'm talking about price appreciation and you have the best buys ukrainian government. bon, maturing on 2041. that baby is gone of 50 percent. that thing has output, but everything, including all the big tech monopolies. and the reason is because more people are thinking, while ukraine is going to kick them off to the buying said the ukraine, the what is already lost, where yeah, i've got, by the way, investors may be thinking that, you know, may be, you know, as the new ones get drag deeper and deeper into ukraine. you craze. problem becomes america's problem. maybe the us tax pay us going to be on the hook for you crate

government debt and liabilities and everything else. i urge anything the next few weeks you will see that ukrainian basically counter offensive run this course. i think the russians what has really impressed me again. this is not about me being pro actual present you crate. just as an objective observer, looking at the basically battlefield, the russians are constantly learning from their mistakes. if you look at the development of you, what is the length of the drums? the cases need to basically helicopters. you're talking about basically the so 30 and 4 mean you're talking about the night vision goggles, the rushing, basically, new technology has been a little totally like going from a revolution every 3 months. the rush was, i'm no finding with weapons or the who have 18 months ago because they didn't exist 18 months ago. and not to me is the most impressive thing. this is the reason why was the west has to walk around the same circle. roger is getting better and better, and this more it's going to be won by technology in the end. because i know the premiums are good fighters, they are fearless, the patriotic,

they're just going on the suicide mission. but eating, and i think technology is going to win, and russia is going to base the cost of it. russia punctures, basically ukraine, that will be the end of the american has your money as we now talk to you. they have it. well, thank you. to thank you, that's it for the show. more economics and the impact of the war in europe on monday was renowned professor michael hudson to discuss his new book on debt, the collapse of antiquity. but until then, keep in touch very well. i social media. if it's not sense it in your country and had to have channel going underground tv on rumble dot com to watch a new and old episodes of going undergrad. see, monday, the the, the,

[000:00:00;00] the pakistani cold sentences, the countries pulled upon me in just a run con, to 3 years in prison on sports charges. visa attentions, intensifiers, echo was defense, change to agree on military action without repeating that invasion plan. as people in the west african countries protests to gain regional blogs, functions, and intervention. a lot of the media and the people of major to understand what the actual was doing. nothing more than some of the interesting to know. we have to accept, pardon this year in spiritual lives and start looking at us out of these things.