i mean, it'll have an impact then on those currencies will, will janet jaelyn raise the rates despite the harm it may do to ordinary americans where you are in dallas or are, or the shake of time since we don't have enough time to discuss this in details all of these issues are written in our newsletter. so for people who are interested, they can read the details of all the things that is not substitute for the dollar to the stitch. pity and oil is priced in u. s. dollar, and there is no substitute. yes, some people who say, well look in shanghai exchange, we have literally the oil is priced in year one, which is absolutely true that oil is priced in the wine and the one in the shanghai exchange. but if you look at the numbers, you will find out that what's happening with the one is a mirror image of what's happening to oil prices in dubai, with the dollar price. so you are just mimicking the dollar, the un pricing is not acting on its own. so even when the chinese tried to create a different system, it was just a mirror image of the dollar pricing, the saudis, the saudi reale is back

but i mean, in a sense, the great janet jaelyn, the treasury secretary of joe biden, isn't she recognizing that by saying price caps is another element in the alma, not just sanctions, this price caps on oil. one of the main lessons we learned from this experience here that sanctions never work. what they do is they cause a lot of pain to both sides of the conflict. but they don't work. they don't achieve the objectives booth and has not changed. his stand heated. that's number one, but if they cause a lot of pain, and if your objective is just to cause pain, yes, it is successful. but the pan is for both sides. not only that. as for the price cab, the price cab is literally a joke. and the news that been publishing that russian revenues decline because of the price cap, does not make any sense. and i'll tell you why the price cab was implemented on the 5th and does not apply to all the tankers that left at that time. so all the tankers, etc, basically at that time, they are off that hook. and for what for the revenues to become taxable and the government received those revenues, it takes

that is down from 3.4 percent back in 2022 us treasury secretary janet jaelyn. she says that she is cautiously optimistic, saying the global economy is doing better than expectations just a few months ago. during the g 20 in february, i sent that the global economy recently bitter, placed in many predicted last fall. that basic picture has remained largely unchanged. prices of commodities like food and energy of stabilized, supply chain pressures continue to ease and global growth projections remain higher than they were in the fall. of janet yellow speaking there are let's take a look now. some of the other stories that are making headlines around the world. turkeys president, richard, tell you. bear to one has kicked off his reelection campaign with a rally in anchorage. know a month ahead of elections. a raging cost of living crisis and that slow reaction to the february earthquake disasters. it all means that the president and his 8 k party are now facing their biggest challenge since coming to power in 20 in $2002.00. it will not be charity group catholic r