back the three hundred million dollars worth of gold and that set off in motion the ending of the bretton woods agreement so here they are calling again they're pointing out like hey this is where it's subject to these crazy there's a goal moment is another de gaulle moment but quickly in the last headline here this is from reuters and they're talking about again these iran sanctions and the consequences and that is iran oil sanctions. could it vance china's pet show you and this is from reuters not from os china's position to be a chief beneficiary of the u.s. decision to withdraw from the iran nuclear deal as it would give china leverage to demand oil imports be priced in un several currency experts said on thursday so just just as invading iraq and spending lord knows how many trillions of dollars killing lord knows how many hundreds of thousands because we're not allowed to audit how much we spend we're not allowed to audit how many we killed but the fact is it benefited iran here again we're going to benefit china is like a blundering empire not that it's unique to the us every empire does

actually you know president richard nixon entered a new era and global finance he had been in the bretton woods agreement and gold was no longer anchoring the global economy we entered a period of very interesting experiment of free i currencies anchoring free our currencies anchoring free of currencies anchoring. it's turtles all the way down we entered into the modern financial era reference value at all no gold nothing just a country's flailing about entering into spurious wars. economic theoretical policies based on nothing and a lot of money printing the rise of the central bank the whole the central bank the ben bernanke is the janet yellen of the world and we worship priests in front of the disease will of money printing now that era is coming to a close the era of the u.s. dollar as the reserve currency is coming to a close with the rise. in crypto currencies is it an asset class or darn right it's an ass i class how do we know that because as people abandon the fee out currency nightmare that was given us and nothing but misery for fifty years they're plowing into fee at currencies is

. - when the united states decided to establish the imf and the world bank under bretton woods, they wanted to make sure that their fingerprints were all over the project, and china has tried to do the same by at least initially creating a framework and a structure where they would play an outsized role. (light music) - [narrator] the belt and road initiative is a mammoth undertaking, one that analysts say washington is all but ignoring. - the initial american response to china's belt and road initiative has been somewhat skeptical. while we are definitely just seeing not just in the us, but globally right now, a little bit of a pushback against the most liberal free trade attitudes that have prevailed in the past, i think we have a long way to go before we would say that china's in the league of the us in terms of openness to trade, and goods, and especially in services. - i'm going to renegotiate nafta, one of the worst trade deals ever signed in the history of our country, perhaps the worst ever signed in the history, frankly, of the world. - the new administration has made it ver

world order they're talking about the world order that they believe started with bretton woods and continued up through the collapse of the soviet union and came to its biggest height of union polarity of u.s. led western hegemony during the one nine hundred ninety s. and what they're talking about is that russia and china returning to positions of great power status in the world are blocking their control of the world whereas russia and china and i'm not going to stand for that k.k. from a realist perspective and of course from a relativist position of weakness they'll to the us prefer the rules bound system one thousand nine hundred five established by the un. whereas the us regards the principle un prince of the security council principles un charter principles of sovereignty and non interference to be antiquated policies ok i think you're paraphrasing mr john bolton there you know peter one of the things one of the biggest problems and we'll talk about russia's relationship with the west in the next part of the program but i think one of the biggest problems is that you have policymakers

back the three hundred million dollars worth of gold and that set off in motion the ending of the bretton woods agreement so here they are calling again they're pointing out like hey this is where it's subject to these crazy there's a goal moment is another de gaulle moment but quickly in the last headline here this is from reuters and they're talking about again these iran sanctions and the consequences and that is iran oil sanctions. could invent china's petro un this is from reuters not from os china's position to be a chief beneficiary of the u.s. decision to withdraw from the iran nuclear deal as it would give china leverage to demand oil imports be priced in un several currency experts said on thursday so just just as and baiting iraq and spending a lot.

actually you know president richard nixon entered a new era and global finance he had been in the bretton woods agreement and gold was no longer anchoring the global economy we entered a period of very interesting experiment of free i currencies anchoring free our currencies anchoring free of currencies anchoring. it's turtles all the way down we entered into the modern financial era reference value at all no gold nothing just a country's flailing about entering into spurious wars. economic theoretical policies based on nothing and a lot of money printing the rise of the central banks the whole the central bank the ben bernanke is the janet yellen of the world who we worship as priests in front of the disease will of money printing now that era is coming to a close the era of the u.s. dollar as the reserve currency is coming to a close with the rise. in crypto currencies is it an asset class or darn right it's an ass i class how do we know that because as people abandon the fee out currency nightmare that was given us and nothing but misery for fifty years they're plowing into fee at currencies

forty four old in leaders the economic leaders the financial leaders of the world they meet at bretton woods and there are two offers on the table one is that offer by the fame with the could always cane's. which is called bank or to create a supernatural currency that would be kind of the reserve currency for the nation in balance the trade between that the other offer was to use google back currency that was later changed to be the dollar. and that was the offer that was accepted you know you can imagine if the war were to you know united states is very strong and they actually start to use the dollar as the world reserve and it was backed by gold until seventy one as we'll do it right so backed by gold and that was seven seventy one and now we enter a period of currencies referring to other fiar currencies what i call infinite regress or one turtle standing on another turtle turtles all the way down people sometimes make that that joke about what holds up the world infinite regress now had we gone to the bank or with keynes after world war two what would the world be like today in your vi

back the three hundred million dollars worth of gold and that set off in motion the ending of the bretton woods agreement so here they are calling again they're pointing out like hey this is where it's subject to these crazy there's a call moment is another de gaulle moment but quickly in the last headline here this is reuters and they're talking about again these iran sanctions and the consequences and that is iran oil sanctions could advance china's pet show you and this is from reuters not from os china's position to be a chief beneficiary of the u.s. decision to withdraw from the iran nuclear deal as it would give china leverage to demand oil imports be priced in un several currency experts said on thursday so just just as an baiting iraq and spending lord knows how many trillions of dollars killing lord knows how many hundreds of thousands because we're not allowed to audit how much we spend we're not allowed to audit how many we killed but the fact is it benefited iran here again we're going to benefit china is like a blundering empire not that it's unique to the us every empire does the

back the three hundred million dollars worth of gold and that set off in motion the ending of the bretton woods agreement so here they are calling again they're pointing out like hey this is where it's subject to these crazy there's a goal moment is another de gaulle moment but quickly in the last headline here this is reuters and they're talking about again these iran sanctions and the consequences and that is iran oil sanctions could advance china's petro un this is from reuters not from os china's position to be a chief beneficiary of the u.s. decision to withdraw from the iran nuclear deal as it would give china leverage to demand oil imports be priced in un several currency experts said on thursday so just just as invading iraq and spending lord knows how many trillions of dollars killing lord knows how many hundreds of thousands because we're not allowed to audit how much we spend we're not allowed to audit how many we killed but the fact is it benefited iran here again we're going to benefit china is like a blundering empire not that it's unique to the us every empire does the same thing

actually you know president richard nixon entered a new era and global finance he had been in the bretton woodsagreement and gold was no longer anchoring the global economy we entered a period of very interesting experiment of free i currencies anchoring free our currencies anchoring fee out currencies anchoring. it's turtles all the way down we entered into the modern financial era reference value at all no gold nothing just a country's flailing about entering into spurious wars. economic theoretical policies based on nothing and a lot of money printing the rise of the central banks the whole the central bank the ben bernanke is the janet yellen of the world and we worship as priests in front of the disease will of money printing now that era is coming to a close the era of the u.s. dollar as the reserve currency is coming to a close with the rise. in crypto currencies is it an asset class or darn right it's an ass i class how do we know that because as people abandon the fee at currency nightmare that was given us and nothing but misery for fifty years they're plowing into fee at currencies i

world order they're talking about the world order that they believe started with bretton woods and continued up through the collapse of the soviet union and came to its biggest height of the union polarity of u.s. led western hegemony during the one nine hundred ninety s. and what they're talking about is russia and china returning to positions of great power status in the world are blocking their control of the world whereas russia and china and i'm not going to stand for it k.k. from a realist perspective and of course from a relativist position of weakness they'll to the us prefer the rules bound system one thousand nine hundred five established by the un whereas the us regards the principle un prince of the security council principles un charter principles of sovereignty and non interference to be antiquated policies ok i think you're paraphrasing mr john bolton there you know peter one of the things one of the biggest problems and we'll talk about russia's relationship with the west in the next part of the program but i think one of the biggest problems is that you have policymakers and