now john during these past elections americans of course are busy fighting each other in the straits meanwhile the i.m.f. announced that they want a new brinton woods tell me what flavor are they looking for what kind of bretton woods what does this mean john tell us. well with these guys it's anybody's guess they did say bretton woods but they didn't say anything else beyond that so who knows when they get together i mean it. jim rickards has a theory of good the next system will be based on special drawing rights of the i am. which. you know i can understand that as a sequential process as that's the next thing but all special drawing rights are is a currency based on a basket of existing currencies so if the existing currencies are no longer function was reserved assets then i don't see how a basket of them turned into a security called the s.t.r. does you any good you know i think we would have to go all the way back to or to get something that works we'd have to go back to some variant of the gold standard right or you could think that basically they're stealing from wall street which had

meanwhile the mail reflects on the former president — donald trump�*s exit from the white house on his final day. and the straits administration means for tackling the pandemic and social issues. so let�*s begin... a quick look through some of the international papers that we have. as always, it�*s really good to have you both with us. i�*m sure you spent like all of us watching the tv on what has been history in the making. 0n so many different ways. let�*s just focus on the financial times. the paper using joe biden is own words, democracy have prevailed. what is your initial reaction to what we have been seeing throughout the day coming to us live from washington? i the day coming to us live from washington?— the day coming to us live from washington? i think it was really owerful washington? i think it was really powerful words. _ washington? i think it was really powerfulwords. i— washington? i think it was really powerful words. i think - washington? i think it was really powerful words. i think there - washington? i think it was really powerful words. i think there is i washington? i think it was really|

strait the u.s. is entering the new year with few signs that its rampant corona virus outbreak can be contained meanwhile the vaccination drive in the world's hardest hit country is way behind target rob reynolds reports in los angeles. it was nobody's idea of a good way to ring in the new year on friday johns hopkins university reported the u.s. had surpassed 20000000 cases of covert 19 with more than 346000 deaths the number of infections has doubled since november 9th less than 2 months ago the u.s. accounts for nearly one quarter of all coated deaths worldwide in places like southern california hospitals and their staff are increasingly overwhelmed forcing doctors and nurses to ration care one california public health epidemiologist likened the situation to a viral tsunami florida became the 3rd state after colorado and california to report a patient with the relatively new more transmissible kovac variant 1st identified in the u.k. the man had not traveled recently at least 33 countries have now reported cases of the mutant strain a u.s. genetic testing company says its research suggests the variant