where you have develop new uh, codes standards made some adjustments, legislation fail to provide the new legislation framework. so it's a large, very large world, not only construction, but communication wise, political wise and the programs underway. we have completed the sole goal 1st initial stage. now we move into the wave number 2, where we will start to construct a new facilities on the places where the old movies are being removed. and we will use their way of number to providing that this program is underway and we can even complete it's in the drums and can do since we declared before you know, a little remembered and even less spoken about incident from the 1960s in focus next whence 34 american sailors were killed and a naval on bush off of egypt coast. but the aggressor walls in cairo are

a room or the soviet union. it was this really short documentary recalls via time for us as libertine the by mass sooner it's nancy and welcome back to going underground rule got single around the world from dubai in the u. a. well, what some build is the most important event of our lifetimes. finish this week in south africa. nathan nations like france bags for a brick summit invitation, but were reportedly refused. so did the brick summit finally sealed the coffins of us, m by car and see and power joining me now from so it'd be as capital bell. great is the founder of the think tank bricks plus analytics. yeah. as of and it's

a vote like he was previously at the i m f deutscher bank and the ration development bank. thank you so much guys, labs, so media across the world, but not in britain. the united states and the are be in union. said this is a big deal in south africa. the fact that they tried to minimize it, even though india landed on the moon and that is the ion breaks assignment. they're a bit worried, deliberately, you know, covering it in a big way and even showing the speeches of, of the world lead is that we're at the summit as well. i think. so there's a lot to worry about in the sense that we're say so many countries that are willing to join the breaks grouping that clearly this is a set to become more and more influential in terms of the world economy in the years. so there is one competition coming there way in terms of the competition

that is likely to be faced by, by the west. and i think this is only for the better in terms of where the world economy is headed. this is more optionality, this is more of opportunities for, for various countries on the developing world and the, the, for the developed countries themselves as well as the farm, the gateways and the possibilities to work together with the brace to build a more stable and more sustainable international system, but clearly in terms of the, you know, b, this, the signals that we're seeing from the west, especially with some of the issues such as the common breaks currency. we've seen a lot of carbons coming from the west in the past several weeks. and the run off to the summer, which means that yes, some of these projects that are discussed by bruce, are we some for uh, for uh,

the west reserves. yeah, but those 2 are connected. maybe one of one is they just have until the countries in the brakes let them in. and then they, they reckon, you know, i really think that there are possibilities and there are formats that could be pursued by briggs to ensure that into the binds. i say the develop, the development, the institutions uh from uh, uh, western countries uh, 2 bites uh, maybe later on the leaders themselves from the west to participate in. uh, some of the brakes. uh, gatherings. uh, but uh this, this format, they call it breaks law slow season format that is separately designed to pursue a greater um operation between the brakes countries. and the western economy is

that is something that has to be pragmatic. that has to be grounded in the, you know, be taking into account the interest of the developing countries 1st and foremost. and um, yes, i think so in terms of the 1st stages of that kind of cooperation is made possible for the development banks from uh say you are or asia that have western participation to participate as well as the bretton woods institutions like the light of the world bang, well when we're ready to leave, this has to be done in secret. i mean, you know, the, the radio, the rubel, the ruby, the room knew me, and randall begins with our i noticed the you've, you commented on. i mean of, and of course of a, this saturday radio, which i think is some of the thing is the critical one destroying this petro dollar . you call and have this would be your old, the workplace, the i m f involved shortly. i mean, they will rick, it from the inside. these have to be secreted because they marked it sensitive as

regards the dumping of us treasury bonds. i disagree. i think that the bruce, they have to look at the possibilities of the cheaper yes. uh, the next stage of globalization, they have to really be guided by very substantial goals. and if it is about globalization, it is about a m, f word that has to be led by them breaks countries for the benefit of the global economy. it has to be inclusive, is always very inclusive, and it is and by the lot of developing countries. and it's who is for why not take on board and allow the, some of the western institutions. why the, why the world bank to participate in the discussions on certain issues, certain issues that have a bearing on the global economy. like for example,

issues that have to do with energy security. the sustainability means development boosting. you can allow me grow. i think that will use of approach is, is supported the actual everything by well so where are you working? where are you working? when get that for you said that he wanted a common currency for africa and that was probably probably i think um and then the which then. yeah, well happen to get daffy you. you seriously think the international monetary fund, seeing is the persecutor of the entire global south in terms of debt, but instead of destroying the lives of ordinary men and women and children, tens of millions, maybe hundreds of millions of people should be invited into the brakes organization and isn't that symptomatic that somewhere in the core of this bricks, organization? there is a certain codger of who i think

a some call them global lists that are destroying the real names of a bricks, new weld as well. i think of is, is because uh really, um this bruce, well well format that i am uh, trying to advance. it depends on how this format, the structure, if this is a form that is essentially champion and led by the bruce economies, the principles of breaks and be centrally. both the interest of developing countries will be taken into account. and this is a possibility. i think this broad format that allows for some part reservation of the international institutions, including the international, the washington institutions they, um, they are all titled arrow institutions. those are actually, if you look at the statements of the brakes economies in the past several years,

the statements that come after the british summons, you will see that the express support for multilateral institutions, such as the w t o and they call what did you make of that because i mean, clearly the video is not functioning a tool, i mean distinctions with the united states that just the 2 different countries. i'm not sure whether the way that was in the w to treat these, signed by the united states daily. the w t. o is dead or is dying. why? why is china talking about reforms of the w t o. when uh, showing the most people impartial looking at it. we'll see this is the natural end to what began with the riots in seattle at the turn of the century. well, it's a good shining ones to have open markets as was to boost its economic growth. more open markets across across the globe fantasies. they were form

w t o as instrumental in uh, creating a more open uh, international. i understand that, but how can you reform it if the united states weaponized sanctions against countries, it politically doesn't like all around the world. and the united states is the biggest uh, economy not by p b. well, i think the clearly, there are a lot of issues, a lot of problems with the w. c o. and we need to stand up between some of the major heavy ways that are members of the w. 2 will do a more broadly between and develop them and developing countries. but there is no other way. i think the in building a new. ready economic architecture, these elements such as the w t o, such as the items such as the bank are very much needed in order for this new

construct to be, to be really for the benefit of, of the global economy and to work properly. because these are a multilateral institutions, there are balances, china, other developing countries are working together to fix them. both the that's the only way i think the working with very well within these institutions to, to uh, to create a more equal, more kind of inclusive, uh, framework is, is really the only way for, for us going for something is required. but truly, given that china is the biggest trading pag couldn't, the showing i, corporation, organization create its own type of w t, o organization, excluding those powers, that i can send it by the global south belligerence and those that they're trying to oppose them. there, there is indeed a lot of talk about the possibility of mega regional arrangements,

some of the largest regional integration groups to essentially take over a trauma from the w t o and the place the organization. but then the data is because, well, we will end up with is most likely, you know, just several regions. essentially, they're driving the whole um, effort rather than is being multilateral in that same sense as would be the case in an international organization. so my proposal is really for the dom, you'd feel to be reformed in such a way that is includes not just individual countries, but also regional blocks instead of buying for power. um for the w t a with these regional integration rations. why not work together with them for the benefits of a global economy? okay, i, i'm sorry to interrupt,

but you can't do that kind you because of the sanctions policies over electronics and investment. i mean the britain a sanction one way in the united states. the how many chinese companies a sanction a chinese companies essentially in your over the united nato countries are, cannot be part of that process. i mean, they've got a sanction themselves that way. do you think brakes is prepared for the increase iops and intelligence warming lula? was over the road. he's been on this program about the, the withdrawal uh with the washington behind the policy. so that for guys the $3000000000.00 i am after the warnings in the week of the break summit. they've got warnings from the i m f. and um, i mean the u. u. s. u k is old, old and whole, but war with china, the britain, this sentence aircraft carrier, the numerous times there of the united states is sending weaponry against china. base is all around it. and of course, it was in the proxy war and ukraine against russia. a well left voice is really bad . so the base, the base didn't do and she do wish to focus on very all my abilities and those eyes

fixed. um, we see that apart from solely this issues, there also economic growth issues and, and most of the embrace economy. so the way to reduce your bond, the ability of the international stages is really to reduce, to the way possible your, an economic analysis. this is something that needs to be more of a focus for the brand. it's still going forward. my view in terms of the economic agenda in terms of the financial market agenda. there's not as the presence of that in the, um, some of the discussions that we've, we've been say in the past. so years within brakes. yeah. shopping this stuff to you that well from the founder of rick spots. i'm an ethics involvement, managing director of your asian development bank up to this break the

the welcome back to going underground. i'm still here with the founder of rick spots analytics and managing director of the region development back years of this of old. yeah, i was live in paul, one you were telling me about the fact that some of these bricks economies that are in debt or these global southwick on is the one to join brakes need to reform isn't the point that they shouldn't in any way,

reform the way the i m f and world bank tries to make countries reform i tool and pursue of anything. i don't know, policy is a bit like the chinese communist, but he went to goldsboro, 800000000 people had to pull pharmacy directly against the kinds of ideas that were emanating from the i m f. and we'll back massive stage investment into, into smaller units. but still keeping the idea of chinese communism alive as well. the whole idea of the find, the brakes is precisely to create new options. and so we just go for that purchase . and the model is a big development that are pursued by develop the economy. so absolutely the platform that is created by uh, by groups and before massive brands loss and institutions such as the end of the day, basically a pass code for optionality and the possibility for developing countries to

essentially choose between say the conditionality that is coming from the lives of b, i'm a for the world bank or the options in terms of financing from the new institution that are be read by bruce and bracewell. so this is what this is about. the issue is this is about the finality and this is precisely what the grace of what the brakes are doing on the same time. of course uh there the will be, i think of going forward inevitably a compensation of sorts and between say the, the system of bretton woods institutions and the system of institutions that is becoming more and more providence controls and brooks. and i'm think that that kind of competition is maybe slowly, maybe beneficial for the will become historically when any global sab lead to tries

to pursue the economies and economic strategies. different to that basically dealt out of the business schools of a leads in your up and the united states. they get assassinated by the c i a. so what is the point of breaks coming out with all these fruitful ideas of multi polarity, different ideas, allowing different countries to seek their own ways. if, as a ally and as they converge on some, they must be some economic convergence is that alone for door? if they don't have a military, we as well as the, uh, the, um, the key to success really. i am an economist. so from my side, the way i see it is we saw the know and stream job. i didn't, according to see if you saw the north stream economically, what happened to your lease. so initially i wanted to say this is use symbol,

a strong enough platform that has a lot of countries as is used. ready even recently the case but breaks down breaks plus, then you will have a central valley in the world economy that isn't easily attract the best thing slows trade slopes. and, and this is essentially, i think, the goal for uh, for the brakes, the comedies listening to what you're saying during the break summer. you saying it's not about our as having this with the west. it's about us trying to organize ourselves. and this is exactly the point the, the developing world needs to organize itself and to render the alliances, the phenomena, alliances that are out there, be more structured just then in the same way that if you look at the developed economies, they're alliances of, you know, their regional integration moves and others, they're, they're very,

very structured, very competitive, the developing world on the basis of the platform of brakes plus the need to advance towards a, an alliance framework that way. i sorry, i don't understand, here's how they can pass it to the village in the united states and europe is when a disaster are given me for europe. germany is in recession, partly because of united states policies. it's a, that's a lines that it's destroyed. economic growth in the past 12 months is off to for you are a bits alliance with the united states economically as well. i mean, it didn't work for you, or this may also be um, you know, options that they will explore increasingly as they see the brakes, economies are becoming more influential ever increasingly become the center of gravity in the world economy. they will know how to uh, page, twice about how the lines there's been prioritization of other lines is they will start recording morning. ford is to uh,

to the likes of brakes and i think they yeah, it's um, it's important to cheat the door on search for, you know, we said international organizations with western participation but also regional. ready racial blocks and i think go when the, when they talked about the bruce plus last framework that would allow for some western participation of course during the 1st stage assignment, primarily, you know, development institutions that was really primarily more of a pragmatic adjust the way the birds we invite president the back on because i'm, i'd say, i don't know, he, i mean, i may ask him whether if he shows it and they gave it to you about that ability for the united states to ignore the success of brakes. did you want to see that she's in pain, looked angry during his speech about the western circle,

west and imperialism, over so many years old, and briggs in a, in a way that was far more on tagging his stick than what you had from lula. why is this a loan from loans? that'd be a boot and it'd be, it'd be say yeah, i think the chinese approach is always that of patience. and i think the patience is one of the keys to be success than the chinese economy experienced in the course. of the past several decades, yes or there will be, you know, conflicts, there will be friction contradictions with the west. but the way that the no child that takes it in stride and continues to press. it's a gen, the inclusive upgrades of you know, i think from the statements that we're hearing from uh, from china. it seems that they are actually open to the possibility of some wishing participation. further down the road is no longer true. we've done the bridge.

excellent. it down the road when their economies have collapsed, may be, but in the interim, is it the case that actually china, some people are saying is going to have trouble satisfying their own demand at home, given the, i know in the, in the, in the nature of the nation press, they say drive isn't economic trouble, but within china, there are obviously worries that, that it's going to be able to produce enough goods just as applied to markets. so why not just ignore your and the nature of nation power? is that many in the global south believer being responsible for so much kidding and destruction over these past years and trade between africa, latin american, south, east asia, and the non washington, the line global countries of the east asia or the watches, the better. so you shouldn't exclude the exports and well, they're the ones excluding in france. sure. but at the same time,

i think if you look at china, you see the routes of the past years. the emphasis has shifted in terms of the growth paradigm away from exports towards domestic demand for services and other drivers. and of course, domestic consumption. now for, for a variety of factors, these drivers of a week. and so, and there's a need, i think, for the chinese economy to we discover and explore the possibilities of using exports as you know, as a waiting force and boosting economic wrote and disregard. bruce plus is, is a major asset because it opens up large markets. the global south to china is exports, and these are the markets that are relatively closed in terms of the levels of import duties. at the same time. these are the markets that have uh,

significantly higher growth rates than those of the developed economy. so i think for china, there may be a time when you are sure on wednesday we discovered the need to forward your head with the way to ask for the blog given the same as the given the same as the joseph burrell, of the pharmacist and the rest of the world, the jungle, and like the garden of your up and the united states and european countries consider themselves well. the biggest threats to them. china, how do you expect them to sabotage all the plans of uh, brakes need is brakes committees, business development committees? have, are they going to use propaganda to affect market sentiment or are they actually powerless except for the miller trees to sabotage of the plans of the bricks? groups as well. i think let's say you seen in terms of the approach to groups and it was primarily essentially in the morning

breaks insurance. so there is no meetings in terms of their agenda. now increasingly, i think this is something that is becoming more, more difficult. uh for the west, simply because vision is so important and so critical towards the world economy as a whole. and also for the international financial markets. the theme of our fire, the, the british currency is, is really the most important. and the most widely discussed the right now with respect to break hard to draw, but just on, on the all 5 isn't saudi arabia, the most critical member there. i mean, why, why do you think that we're not hearing more about saturday representation at breaks given it's a centrality to the global energy of will be level live in a i'm a different phone, so savvy, a way to joining briggs because i think clearly,

1st of all this is a major of course energy layers. so from the point of view of the longer trying to develop a brace, this is, this is of course a major asset. but um, the, the most important thing that i see when breaks is that each country represents a certain region of the global style. and so there is one region, one of the few regions that is left out by the breaks in terms of coverage, if you will, of the, or is the middle east. and in the middle east, the leading economy is a saudi arabia. so in terms of weighting representation of the global south that makes complete sense for saturday raises to join the brooks and the how will the brakes system and all of these plans be affected if, as is openly being spoken about now in the united states, a 2nd military front against china is opened up in the next. who knows,

the way they talking, it seems to be, we seem to be months away from some sort of military confrontation in the south trying to see how that effect makes. plus, you know, i think the really, the, the guiding principle for breaks needs to be, to work through all of these difficulties. all these challenges, of course, to the very end of the issues and a very inclusive agenda with regard to bruce plus. you clearly saw that when china we launched the brakes plus for mass last year, the response from the global solve was tremendous. tens in terms of countries was it's joy, a response. so i think that kind of thing was the really openness with regard to the global saw and also greater prognosis when we're seeing the economic powers of risk plus, we'll, uh, you know, position. i think the brakes weren't far stronger position in terms of insurance.

it matches the economy, but also a international stature. yeah, it sounds like thank you and that's it for the show will be back on monday to see if there's life in the old and by yet with the officer who was until recently commanding general of the entire united states army in europe with some 100000 troops are tied us to attend a general, ben hodges, a head of the 2nd down about 3 of the us defeats in afghanistan until then. you can give it to us. why would i social media if it's still intensive in your country? and then to a channel, i'm going i'll be going to give you a normal, don't come to watch, new and old episodes of going underground. see you monday, the american voters are rarely interested in the world policy during election cycles. said the issue between maybe the exception this time around, particularly among

t o p voters, much of the republican base us our w frame policy. they see it as vice for the, the leisure reportedly posts its armed forces on maximum alert. fearing potential intervention is also ordered, the french in boston are to leave the country. us relations with parties and funds to in, you know, we go live to the region in the bottom. it's also a head suite. said one, follow denmark and plumbing, said from the public desecration of any holy book in the country following a series of per run burnings in northern europe, which sparked i'd reach across the world. palestinian authorities accused israel's hardline national security minister of racism. offering you think is right, some of his family aguayo is of the art of community in the.