i'm has, thanks very much for joining us, professor richard wolf. can you tell us, 1st of all, what is behind this meteoric rise of the chinese one? well, the most important reality making this happen is the spectacular economic growth of the last 30 to 40 years in the people's republic of china. contrary to the expectations of many chinese economic development, the growth of their g. d. p has been faster than that of almost every other country in the world, much faster than that say of the united states and so on. and so it has become an economic powerhouse, producing an enormous amount of the world's goods and services. and it is only a question of time therefore, and it has been that way for years before the currency becomes recognized around the world as one of the most important and most secure ways of doing business. now the warranty ukraine has made this go quicker, because it has forced decisions on russia, in particular, by their situation a phase. and so the relation between russia and china has facilitated a speed up of the process. but t

like an always professor richard wolf says the world is witnessing an accelerated shift away from us. the gemini, both sides, russia and china on one side, the united states in europe on the other, are recognizing that the global economic situation is radically changing from what it was we are going through a period of rapid re adjustment. it's long overdue. it was facilitated and stimulated by the events around the ukraine war, and we're just watching the adjustment process speeded up. meanwhile, and the code for delivery zation has be made by the brazilian presidents, luna da silva, the head of his visit to china. this week way is expected to seal some major new contracts. amazing wants to invest in brazil's i see industry and produce solar panels in the country. among other things that the blue arrival chinese banks conducted a transaction in u. one with brazil for the 1st time ever in the movie seen as a key milestone for latin american countries. many of which consider beijing as a main partner. brazilian presidents also says the different nations should foster trade in local cur

moscow in beijing aim to reach $200000000000.00 in trade by next year. professor of economics, richard wolf also said that the world is witnessing a radical shift in the global economy. one that could result in the dollar losing its dominant position. both sides, russia and china on one side, the united states in europe on the other are recognizing that the global economic situation is radically changing from what it was. we are going through a period of rapid re adjustment. it's long overdue. it was facilitated and stimulated by the events around the ukraine war couldn't result in the dollar becoming less and less dominant. and i think so how long it will take? i don't think you can tell that yet. that depends on many things. so it is gonna take time to adjust. that's what we're seeing, an adjustment process. the u. s. funded middle east institute is in an uproar over the normalization of ties between syria, iran and a number of arab countries preferred to back, so called moderate rebels, terrorist groups and syria, instead of damascus. a little bit of background on the middle east is reco

authorities, moscow in beijing aim to reach $200000000.00 in trade by next year. professor of economics, richard wolf added that the world is witnessing a radical shift in global economy. both sides, russia and china on one side, the united states and europe on the other are recognizing that the global economic situation is radically changing from what it was we are going through a period of rapid re adjustment. it's long overdue. it was facilitated and stimulated by the events around the ukraine war and we're just watching the adjustment process speeded up. ah, the u. s. funded middle east institute is in an uproar over the normalization of ties between syria, iran, and a number of arab countries. a senior fellow at the american think tank. charles lister claims art regional reconciliation means in stability for science. assuming nobody achieves any meaningful concessions from a sad lease. normalizing will gift aside total victory. consolidate iran's gains, kill any old justice or accountability. make 6000000 syrians permanent refugees guarantee cirrus intractable instability as saudi arabia restore

next year. economics professor richard wolf says that world is witnessing an accelerated shift away from usaa gemini, both sides, russia and china on one side the united states and europe on the other are recognizing that the global economic situation is radically changing from what it was. we are going through a period of rapid re adjustment. it's long overdue. it was facilitated and stimulated by the events around the ukraine war. and we're just watching the adjustment process. speed it up. many thanks for joining us here on our t international. the bank of the top of now with the very latest said coming up next. the cost of everything with christy i'm with with plastic is probably one of the most convenient inventions and the perfect material .

according to chinese game, to reach $200000000000.00 and trade by next year. professor of economics, richard wolfe also said a radical shift in the global economy, one that could result in the dollar losing its dominant position, both sides, russia and china, on one side, the united states demising that the global economic situation is radically changing from what it was we are going through a period of rapid readjust. it was facilitated and stimulated by the events couldn't result in the dollar becoming less and less dominant. and i think so, how long that yet? that depends on many things. so it is going to take time to adjust. that's what we're seeing. the u. s. funded middle east and said to is it and of ties between syria, iran and a number of arab countries preferred to back so called moderate rebels or terrorist guess. a little bit of background on the middle east is rubia is restoring diplomatic ties with iran and syria. while damascus has announced a mutual reopening of embassies, was tunisia or have taken steps to resume bilateral cooperation after year, quarter explains why the u. s. is

next year economics professor richard wolf says the world is witnessing an accelerated shift away from usaa germany, both sides, russia and china on one side the united states and europe on the other are recognizing that the global economic situation is radically changing from what it was. we are going through a period of rapid re adjustment. it's long overdue. it was facilitated and stimulated by the events around the ukraine war and we're just watching the adjustment process, speed it up. meanwhile, another call for detail. the rise ation has been made by the brazilian president knew that the silva had of his visit to china this week where he is expected to fill some major new contracts. i had of louis arrival. chinese banks conducted a transaction and you are with brazil for the 1st time. it may be seen as a key milestone for latin american countries, many of which consider beijing as a main partner. brazil's president has also said he thinks to create a club of countries including china, india, and brazil, that can become guarantors of a peaceful settlement to the ukraine conflict.

listen to what american economists richard wolfe has to say about this sanction policy.anctions, you can always bypass what to do if russia cannot send oil or gas to europe , which was the energy basis for the so-called german miracle, i don’t want to belittle the merits of the germans, but it is half propaganda and half russian gas and oil at ridiculously low prices, which allowed german goods to be competitive in the market, so the great sanctions that will bring russia to its knees and bring victory to ukraine were that everyone will tell russia we don’t want to buy your gas and oil, and for greater certainty they blew up the gas pipeline in the style of james bond adventures, the russians responded they did only two things. agreed with india that they buy an infinite amount of russian oil, at what price? well, if they don’t want to spoil us relations, they will say 60 dollars per barrel, and then another 10 dollars per barrel from above and india sent russia as an investment what and who cares what, that is, you another 10-20 dollars per barrel is one way. here's ano

it is also quite a moment, wolf, for the history books in that this has not happened in the investigation of richard nixon and watergate, during the clinton years when many high-ranking people were brought before grand juries in this courthouse. this is unlike something we've ever seen before, with mike pence testifying about donald trump and others related to the 2020 election to a secret grand jury as they consider charges today. >> very historic indeed. stand by. elliott williams, trump had tried to prevent this testimony, as we all know. how big a win is this for the special counsel, jack smith? >> well, it's a pretty big win for the special counsel, wolf. but to be clear, take away the fact it's donald trump and mike pence and this is a relatively straightforward legal question that was probably going to end here with mike pence testifying all along. look, mike pence as vice president of the united states is an officer of congress and will be entitled to some protection for things he says. not all. and it has been clear from the beginning that he could not shield conversations he had with the p

wolf and his wife, joyce , to put together but soon their extensive art collection will hit the auction block. sotheby's says the paintings and art objects are expected to fetch $50 million. as richarduest reports the proceeds will benefit not the family, but the tax man. each is an exquisite collection of a medical chart. and it was built and fueled by the oil industry. that's where the wolf family made them money. and he took half a century to put all this together. there are more than 1000 pieces of art. their son, matthew, walk me through what is truly the collection of a lifetime. and he was very honest about why it was now being sold and broken up. a lot of it is being sold to pay a state taxes of my mother. it was owned by my father. so upon my father's death that went to my mother's estate, and my mother passed away, and now there is various estate taxes to pay. and so that's a reason why we're selling this. every collection starts with the first piece. in 1970 when they moved to new york city. they just happen to purchase an apartment on fifth avenue across from southern east park. burnett this is their first purchase. they paid $2400 for including the 10% buyer's premium.