Latest / UK Column Radio / The U.S. Empire Is COLLAPSING — China, Iran & BRICS Are Changing the World | Silk and Steel

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The U.S. Empire Is COLLAPSING — China, Iran & BRICS Are Changing the World | Silk and Steel · UK Column Radio

0:00
Speaker 1: They still call us in the building. Everybody call us
0:02
Speaker 1: in the building. I'm gonna bring him up on the screen.
0:05
Speaker 1: Car Car has just joined the stream. Told you guys,
0:08
Speaker 1: call to be here.
0:09
Speaker 2: You just went out. I just came back from a walk.
0:11
Speaker 2: I was distracted by postickers that were selling I mean
0:15
Speaker 2: Shanghai by the way. So I just went out for
0:18
Speaker 2: a walk and it was it's smelling postickers off the roads.
0:24
Speaker 2: So I got distracted and I lost fack of time
0:26
Speaker 2: I was, I was eating and then we have that
0:30
Speaker 2: point then, so I rushed back. Yeah, so I'm here.
0:32
Speaker 1: So Carl, I want to get your opinion on this.
0:36
Speaker 1: You know, Jerusaleine, when all those fails, they take you
0:38
Speaker 1: to war. Have something that said that the United States
0:41
Speaker 1: has borrowed from in less than one and a half
0:44
Speaker 1: month billion dollars, also injected another five point two billion
0:48
Speaker 1: dollars into the head. If he's in the other hand,
0:50
Speaker 1: tells us the economy, ever, and that America is in
0:55
Speaker 1: the greatest economic shape.
0:56
Speaker 2: Ever, how is that possible? Well, I mean nobody's by
0:59
Speaker 2: now everybody should have learned. Nobody should trust Trump because
1:03
Speaker 2: Trump is only looking at the inflated stock market figures
1:08
Speaker 2: you know, like that's all he cares about because he's
1:10
Speaker 2: playing a market manipulation game by you know, uh, he's
1:16
Speaker 2: tweeting out information one day and have his son Byron
1:19
Speaker 2: making a killing on the on the stock market bets.
1:23
Speaker 2: That's all he cares about. But the real economy is
1:25
Speaker 2: not connected to the stock market at this point. Uh,
1:28
Speaker 2: US has a giant AI bubble, that's that will that
1:33
Speaker 2: will pop sooner or later. But if you take away
1:36
Speaker 2: all the AI investment into the U u s economy,
1:40
Speaker 2: US growth is zero and maybe even negative. So yeah,
1:47
Speaker 2: this is this United States has been running on borrow
1:51
Speaker 2: money for a long time. Now, this this works as
1:55
Speaker 2: long as US can continue to print money and the
2:00
Speaker 2: the world takes US dollar as a reserve currency. Now
2:05
Speaker 2: that's also changing because people are wising up to the
2:08
Speaker 2: fact that they're subsidizing US wars. And this is why
2:14
Speaker 2: China has reduced its holding of US treasury by more
2:18
Speaker 2: than half. You know, at the peak, China bought one
2:22
Speaker 2: point for trillion dollars of US debt and now today
2:27
Speaker 2: it holds around six hundred and thirty billion dollars worth.
2:32
Speaker 2: And that number continued to go down year after year
2:35
Speaker 2: because China just hold their treasury to maturity, but they're
2:39
Speaker 2: not buying new ones. And eventually the US will have
2:45
Speaker 2: no option but to continue to print money, which will
2:50
Speaker 2: lead to devaluation of the currency. Now, Scott Besson, Trump's
2:56
Speaker 2: right hand man is trying to manipulate the currency right now.
3:01
Speaker 2: One way they do it is ways you war all
3:04
Speaker 2: over the world, So it makes up here the United
3:07
Speaker 2: States stock market is the only safe place for you
3:11
Speaker 2: to park the Bundy. And this has also led to,
3:14
Speaker 2: you know, the strengthening of US dollars in the recent
3:18
Speaker 2: recent month, because you know, a lot of the other countries,
3:21
Speaker 2: especially countries in East Asia that depending on oil imports
3:27
Speaker 2: from the Persian golf, their currency has been devaluating like
3:30
Speaker 2: crazy right now. This goes both for countries like Philippines, Indonesia, India,
3:37
Speaker 2: but also countries like Japan and South Korea, because all
3:41
Speaker 2: these countries depend their energy from Persian golf, and you know,
3:47
Speaker 2: because the oil is priced to the US dollars, all
3:52
Speaker 2: their currencies are devaluating against the US dollars. Now, China
3:55
Speaker 2: is the only exception in East Asia. Chinese currency is
3:59
Speaker 2: actually strengthening against the US dollar because China actually produced things,
4:05
Speaker 2: unlike the United States. US produced debts and everything is
4:09
Speaker 2: financialized nowadays. So this is this shell game can only
4:14
Speaker 2: continue for so long. I mean they might be able
4:17
Speaker 2: to do it for another year, two three years, but
4:21
Speaker 2: in the long term, this is not sustainable. You know,
4:24
Speaker 2: we all know. The amount of the US debt is
4:30
Speaker 2: like what thirty seven throwing and counting right now. And
4:35
Speaker 2: every year US government had to stand or just to
4:39
Speaker 2: serve the interest payment. Yeah, it goes up quick and
4:44
Speaker 2: every day US government had to spend even more to
4:49
Speaker 2: just serve the interest payment. They can do that again
4:52
Speaker 2: by continue to print money devaluate the currency, but that
4:58
Speaker 2: will mean, you know, the life will continue to deteriorate
5:03
Speaker 2: for the rest of the American Well, that has already
5:05
Speaker 2: been happening for a while. You know, we all saw
5:08
Speaker 2: price increases in the United States. One thing amazed me
5:12
Speaker 2: now that I mean China is how cheap everything is
5:16
Speaker 2: because everything is manufactured here, so everything is affordable. Uh,
5:21
Speaker 2: you know, but if you go to I recently, so
5:24
Speaker 2: I broke my wrist a couple of days ago a
5:28
Speaker 2: bicycle riding on a slippery road, so I experienced the
5:33
Speaker 2: Chinese medicare system. Firsthand, I went to the I went
5:38
Speaker 2: to the emergency and uh they got me X ray,
5:42
Speaker 2: C T scan. Uh, doctor put a plaster cast on
5:46
Speaker 2: my on my on my arm. Everything. I was in
5:51
Speaker 2: and out in two hours. And all the bills, all
5:56
Speaker 2: the bills I pay out a pocket because I don't
5:59
Speaker 2: have Chinese insurance. Obviously, all the bill I paid all
6:03
Speaker 2: together come up to twelve hundred R and B, which
6:07
Speaker 2: is about one hundred seventy seven US dollars. Like that's it,
6:12
Speaker 2: that's that's that's And I was telling that to the
6:15
Speaker 2: Chinese people and they said, oh, that's so expensive. They say, like,
6:18
Speaker 2: we our insurance would covered most of that, and but
6:21
Speaker 2: for me coming from United States, I thought, this is
6:24
Speaker 2: insanely cheap.
6:26
Speaker 3: You know.
6:26
Speaker 2: This is why now I understand there's some Americans who,
6:29
Speaker 2: you know, buy a plane ticket, go to China, get
6:33
Speaker 2: the treatment, and then fly back, and they their out
6:37
Speaker 2: pocket expense is a lot cheaper than they would have,
6:39
Speaker 2: you know, go to the treatment for the United States,
6:41
Speaker 2: and a lot more quicker too, because in US you
6:44
Speaker 2: often wait for month just to get an exam. You know,
6:47
Speaker 2: my mom had some problems and she was you know,
6:51
Speaker 2: she had to wait for like three or four months,
6:55
Speaker 2: you know, just to get just to get some kind
6:57
Speaker 2: of scan. It's here China. Don't need to wait in lines.
7:01
Speaker 2: You you go there, you know, you register real quick.
7:05
Speaker 2: They give you a card and then you slide the card.
7:09
Speaker 2: You go self register for your X ray or CT scan.
7:12
Speaker 2: You slide the car to give you a number, and
7:15
Speaker 2: five minutes later you go in for a for a scan.
7:18
Speaker 2: I was not prepared. I was not physically prepared for
7:22
Speaker 2: how short the line was because I'm used to wait
7:24
Speaker 2: in line in US hospitals right like like sometimes takes hours.
7:28
Speaker 2: So I was I was like chatting on my phone,
7:30
Speaker 2: talking to my wife, and next thing I know, like
7:33
Speaker 2: ten people went in front of me. Like ten people
7:36
Speaker 2: that was off, you know, took the number after you
7:38
Speaker 2: already went in front of me. So I realized, oh crap,
7:41
Speaker 2: things move really quick here in China. They want they
7:44
Speaker 2: don't want you to spend all that time in the hospital.
7:47
Speaker 2: They want to like move you in and out so
7:49
Speaker 2: they can serve more people. That is the difference between
7:52
Speaker 2: a real functioning society and the broken one that's the
7:56
Speaker 2: United States. I mean that that that I couldn't think
7:58
Speaker 2: of a better exam pull than this.
8:01
Speaker 1: What I'm going to do. I'm going to go out
8:03
Speaker 1: of the thing and come back in.
8:05
Speaker 2: I've had the people.
8:06
Speaker 1: Work on the lines. I think that this is a
8:12
Speaker 1: restream prop But I'm going to go out, Okay, while
8:16
Speaker 1: I'm coming trying to work my way back. So, Carl,
8:20
Speaker 1: with the economic situation that America now finds us so
8:29
Speaker 1: with with the with the economic problems that America now
8:34
Speaker 1: finds herself in, do you think that lends more weight
8:37
Speaker 1: to more than restarting the conflict in West Asia? Now
8:42
Speaker 1: I'm about to go out.
8:43
Speaker 2: Okay, that's a great question. Well, I don't think the
8:46
Speaker 2: US ever intended to wind down the conflict in West Asia.
8:51
Speaker 2: I mean, Trump tried, but you know, he has won
8:56
Speaker 2: the Rong War, like you know, forty seven times already.
9:00
Speaker 2: But the fundamental problem is United States cannot accept to
9:07
Speaker 2: end the war on the terms of Iranians. But that
9:12
Speaker 2: is the only way to end the war. But for
9:14
Speaker 2: United States to acknowledge all the Uranian terms that was
9:19
Speaker 2: originally layout in the MLU, that would be admit complete
9:25
Speaker 2: US defeat in West Asia, the end of US imperialism
9:30
Speaker 2: in the region. That is unacceptable to the US military
9:34
Speaker 2: industrial complex. This is why as much as Trump says
9:39
Speaker 2: that he does not want to be the next Herbert
9:41
Speaker 2: Hoover that will lead the world into a great depression,
9:46
Speaker 2: well he is the Herbert Hoover right now. You know,
9:50
Speaker 2: we are heading toward economic precipitice because of the blockage
9:58
Speaker 2: at the Strait or Homus, and you're one even hold
10:00
Speaker 2: all the cards. Uran has demonstrated beyond a doubt they
10:04
Speaker 2: control the Strait or Humbus, and there's no option left
10:07
Speaker 2: for the United States to force a change. You know,
10:11
Speaker 2: if they had an option, they would have tried already.
10:13
Speaker 2: Now we are, we're like six months or half year
10:17
Speaker 2: into the war, and nothing has fundamentally altered the power balance.
10:25
Speaker 2: If anything, US imperial infrastructure in the region has been
10:31
Speaker 2: systematically dismantled by Iran, and Uruan showed that it is
10:38
Speaker 2: not only a regional power, but the world superpower. US
10:42
Speaker 2: is literally defenseless against Iranian jones and missile attacks. All
10:47
Speaker 2: the US bases, all the US radar installations that has
10:52
Speaker 2: taken decades billions of dollars to build now lacing tatters.
10:58
Speaker 2: And I don't think that will ever be rebuilt at
11:01
Speaker 2: this point, you know, because I just this is a
11:05
Speaker 2: this is a complete disaster for United States inter strategically,
11:10
Speaker 2: yet the top leadership of US establishment cannot admit defeats.
11:16
Speaker 2: This is the same problem that they's doing Vietnam War.
11:18
Speaker 2: By the way, you know, they knew, Pentagon knew back
11:24
Speaker 2: then they could not win the Vietnam War, but nobody
11:28
Speaker 2: has the political will to say, let's cut our losses.
11:33
Speaker 2: So instead they committed more resources, leading to more death
11:37
Speaker 2: of American servicemen. I mean, the whole campaign in Vietnam
11:42
Speaker 2: War rolls out very similar to what we saw in
11:46
Speaker 2: the Persian Gulf. You know, first it was the aerial campaign.
11:51
Speaker 2: Following that it was the failure of the aerial campaign.
11:55
Speaker 2: There's an Operation Rolling Thunder. That's when they committed marines
12:01
Speaker 2: to Vietnam to secure the airports. Well, next thing, you know,
12:06
Speaker 2: you have to commit more ground troops and it just
12:11
Speaker 2: goes it's just a snowball in your fact in fact,
12:14
Speaker 2: and eventually you know that this this led to US
12:20
Speaker 2: being kicked out of Saigong. So right now US is
12:23
Speaker 2: being kicked out of West Asia by Iran. You know, like,
12:29
Speaker 2: if if US cannot agree to withach your phone from
12:32
Speaker 2: West Asia. Iran will do it for them. And that's
12:35
Speaker 2: what's happening right now. This is a it's yeah, it's
12:40
Speaker 2: it is what it is. Bye by the United States.
12:44
Speaker 3: Uh.
12:45
Speaker 2: Trump administration still think things are going to be okay
12:49
Speaker 2: as long as the stock market stays at all time high.
12:53
Speaker 2: But that's the that's just selfie delusion, you know. Like
12:57
Speaker 2: I said, the stock market is already a I am bubble.
13:01
Speaker 2: It's only gonna get worse, not better. Okay, it looks
13:05
Speaker 2: like Rashid is still not here. So if people can
13:10
Speaker 2: hear me, I am oh rashi is back. Okay, I
13:14
Speaker 2: was gonna tell people it's my show now and welcome back, Rachid.
13:21
Speaker 2: Welcome back to your own show.
13:23
Speaker 4: Carl.
13:24
Speaker 1: I think they are sabotage in the show.
13:27
Speaker 2: They are sabotage in our show.
13:28
Speaker 5: I'm cut in on you call.
13:30
Speaker 2: You can hear me on one second, see something really
13:34
Speaker 2: But Rashid, you know you you you have all these
13:37
Speaker 2: important guests. I saw you have former Ambassador Chats Freeman
13:41
Speaker 2: for example, on your show. Uh you know you have
13:45
Speaker 2: all these important people who provide an alternative voice.
13:50
Speaker 5: Uh.
13:50
Speaker 2: And that's you know, that's that's threatening to to to
13:55
Speaker 2: the narrative while rashid Uh is is uh all we
14:00
Speaker 2: wait for Rashiet to come back. I just want to
14:04
Speaker 2: make the point that you know, the US Empire is
14:07
Speaker 2: on terminal decline. You know, it's it's declining at a
14:11
Speaker 2: pace that nobody likes. Right. The neo count think is
14:15
Speaker 2: is declining too fast.
14:17
Speaker 3: Uh.
14:17
Speaker 2: The rest of US think is not declining fast enough.
14:20
Speaker 2: But the direction is irreversible. The US has already hollow
14:26
Speaker 2: out its manufacturing core. Everything else is is uh, you know,
14:34
Speaker 2: financialization dead. And sooner or later they're going to run
14:42
Speaker 2: into serious resource country as they find out in this
14:46
Speaker 2: war Imprgin Gulf. What happens when you run of missiles?
14:50
Speaker 2: What happens when you run on missile interceptors and then
14:53
Speaker 2: you start to rationing them. You have to figure out, okay,
14:56
Speaker 2: which which of our base is more important to protect
15:00
Speaker 2: with a limited missile interceptors that we do have. And
15:06
Speaker 2: this is not a this is not a ward they
15:08
Speaker 2: can win because the whole concept of missout defense is
15:15
Speaker 2: a is a losing game against a country that can
15:22
Speaker 2: produce massive number of missiles. Because if you you know
15:28
Speaker 2: this is because of physics. You know, if you want
15:31
Speaker 2: to intercept a missile, you have to figure out its trajectory,
15:37
Speaker 2: its speed, you have to anticipate where it's gonna land
15:41
Speaker 2: Orreas the the country that launched the original ballistic missiut,
15:47
Speaker 2: only thing they gotta do is to hit their target. No,
15:50
Speaker 2: they just they just need to figure out a way
15:54
Speaker 2: to hit their as really a stationary target, whereas you
15:59
Speaker 2: are trying to shoot down a bullet with a bullet.
16:01
Speaker 2: So the physics of miss out defense is a lot
16:04
Speaker 2: more complex than simply launching a ballistic missiut. So inherently
16:10
Speaker 2: any kind of missout intercepting mechanism is inherently a lot
16:16
Speaker 2: more expensive then the miss out you are trying to
16:20
Speaker 2: shoot down. So you you then you run into an
16:23
Speaker 2: economic situation where you know you run. When you have
16:27
Speaker 2: a country like Iran, you produce tens of thousands of missiles,
16:33
Speaker 2: you know you're just you're going to burn out, burned
16:38
Speaker 2: through your stockpile very quickly. And it's it's not an
16:42
Speaker 2: economic game you can win because you know, Uran can
16:45
Speaker 2: produce missiles a lot more cheaply, and now with Joelmes,
16:49
Speaker 2: you know even cheaper, and your missout interceptor each one
16:54
Speaker 2: is going to cost a lot more just because the
16:56
Speaker 2: physics of it, because your missile interceptor has packing a
17:00
Speaker 2: lot more sophisticated, caated technology that to enable you to
17:05
Speaker 2: shoot down a bullet with a bullet. So every miss
17:10
Speaker 2: out you intercept, you know, you are spending way more
17:16
Speaker 2: energy trying to shoot shoot down a much cheaper munition
17:22
Speaker 2: the other side possessed. So I mean, like the math
17:26
Speaker 2: doesn't work. I mean this, this only works for when
17:30
Speaker 2: United States goes against a much weaker opponent, like you know,
17:36
Speaker 2: like should you know, opponent that didn't have didn't possess
17:41
Speaker 2: any air defense, didn't possess any missiles in great numbers.
17:47
Speaker 2: But right now uses even have trouble to contain Yemendi's right,
17:52
Speaker 2: and Yemeny they the type of missiule technology that as
17:56
Speaker 2: not even that sophisticated. They what they have is like
18:00
Speaker 2: nineteen sixty era Soviet technology missiles. And yet you are
18:07
Speaker 2: trying to use you like, your your kind of Star
18:11
Speaker 2: War esque missile interceptor to shoot down these least much
18:15
Speaker 2: cheaper missiles. It's a losing game. It's a losing game
18:19
Speaker 2: as long as the other side possess these cheap missiles
18:23
Speaker 2: in great numbers like in terms of your round me,
18:25
Speaker 2: you're not going to win that game. And as much
18:28
Speaker 2: as Washington hates to admit it, it's just a fact.
18:32
Speaker 2: It's just physics. It's physics. A max.
18:36
Speaker 5: I see you, I guess their own live stream live there,
18:43
Speaker 5: so so I want to play a clip for you,
18:45
Speaker 5: and then I want your your your response to this
18:49
Speaker 5: se allow me.
18:50
Speaker 6: Brazil says it will also Chinese so much for the
18:54
Speaker 6: third not just once.
18:55
Speaker 7: But every single Yeah, this one is that the Chinese
18:58
Speaker 7: you are said to become a bum and part of
19:00
Speaker 7: Brazil's national debt. It may sound like a technical change,
19:04
Speaker 7: but it isn't. It is yet another sign that some
19:06
Speaker 7: of the world's biggest emerging economies are slowly building financial
19:10
Speaker 7: alternatives to the US dollar.
19:13
Speaker 8: Given our size, it is much more qualitative than quantitative
19:17
Speaker 8: for now. It is obviously a welcome resource and it
19:20
Speaker 8: tends to be cheap, but it is much more about
19:23
Speaker 8: unlocking new investors in every market where we conclude there
19:27
Speaker 8: is success and there is potential. We have to be active.
19:31
Speaker 8: We have to go once, we have to go twice,
19:33
Speaker 8: three times. We have to be there every year.
19:37
Speaker 6: And this move isn't happening in a vacuum.
19:39
Speaker 7: It comes at a time when relations between Brasilia and
19:42
Speaker 7: Washington have become increasingly strained. Just last month, the Trump
19:45
Speaker 7: administration imposed a twenty five percent tariff on Brazilian goods
19:49
Speaker 7: within ours. China publicly backed Brazil. Chinese Foreign Minister Wongi
19:54
Speaker 7: told US Brazilian counterpart that Beijing would support Brazil's sovereignty, security.
19:59
Speaker 6: And development interests.
20:00
Speaker 7: China now buys nearly one third of Brazil's exports, the
20:03
Speaker 7: United States less than ten percent. Brazil exported more than
20:07
Speaker 7: fifty eight billion dollars worth of goods to China in
20:09
Speaker 7: the first half of this year, compared to just seventeen
20:12
Speaker 7: billion dollars to the United States. In fact, China is
20:16
Speaker 7: now the largest trading partner for fourteen Brazilian states, which
20:19
Speaker 7: brings us to today. So how exactly is Brazil making
20:23
Speaker 7: the Chinese yuan a permanent part of its national debt
20:26
Speaker 7: by issuing something called Panda bonds? Now, don't let the
20:30
Speaker 7: name confuse you. Panda bond is simply a bond issued
20:32
Speaker 7: inside China in Chinese yuan and sold to Chinese investors,
20:37
Speaker 7: which means, rather than raising money in US dollars. Brazil
20:40
Speaker 7: will raise it in Chinese yuan from Chinese investors. But
20:44
Speaker 7: here's the crazy part. Brazil doesn't even need the money.
20:47
Speaker 7: Its foreign debt is just a tiny fraction of its
20:49
Speaker 7: total debt.
20:50
Speaker 6: So why do it? Because borrowing in China is much cheaper.
20:54
Speaker 7: In many cases, it can cost less than half of
20:56
Speaker 7: what Brazil would pay to borrow in the United States.
21:00
Speaker 7: This air of foreign borrowers issuing panda bonds have been
21:04
Speaker 7: have paid interest rates of around two percent. Borrowing in
21:07
Speaker 7: the US dollars typically costs around six percent. That's a
21:11
Speaker 7: massive difference. Now, I imagine you're the chief executive of
21:14
Speaker 7: a Brazilian company. Would you rather borrow at around two
21:17
Speaker 7: percent or more than double that? The answer was obvious,
21:21
Speaker 7: and major Brazilian corporations are watching very closely to be
21:25
Speaker 7: next in line. Take the example of this Brazilian company, Susano.
21:30
Speaker 7: It is considered the world's largest pulp producer. It has
21:33
Speaker 7: reportedly raised two point six billion yuan through Panderer bonds.
21:38
Speaker 7: That's approximately three hundred and sixty million US dollars. According
21:42
Speaker 7: to the company, it borrowed more cheaply in China than
21:44
Speaker 7: it could in the dollar market. So by doing this
21:47
Speaker 7: every year, Brazil is building a permanent financial bridge to China.
21:52
Speaker 7: It is creating a new funding channel that could help
21:55
Speaker 7: Brazilian companies raise billions of dollars worth of capital directly
21:59
Speaker 7: from China these investors, without depending entirely on traditional dollar markets.
22:04
Speaker 7: And more importantly, it also will create something Brazil has
22:08
Speaker 7: never had before, a un borrowing benchmark. Now that might
22:14
Speaker 7: sound complicated, but it is actually very simple. Say you
22:17
Speaker 7: want to sell your house, but no one in your
22:19
Speaker 7: neighborhood has ever sold a house before, so how do
22:22
Speaker 7: buyers know what it's worth?
22:24
Speaker 6: They don't.
22:25
Speaker 7: Once the first few homes are sold, everyone has a
22:28
Speaker 7: reference price.
22:29
Speaker 6: Then the same logic applies here. If the Brazilian.
22:32
Speaker 7: Government borrows in yuan every year, then the investors will
22:35
Speaker 7: know that what interest rates Brazil pays. That becomes the
22:39
Speaker 7: benchmark then, and once the benchmark exists, Brazilian companies can
22:43
Speaker 7: start borrowing in yuan much more easily. And that's exactly
22:47
Speaker 7: what Brazil wants. And this isn't really about one government
22:50
Speaker 7: bond sale. It's about creating an entirely new financial highway,
22:54
Speaker 7: one that connects Brazilian companies directly with Chinese capital, and
22:58
Speaker 7: every time that highway is used, the yuan becomes a
23:00
Speaker 7: little more important and the dollar face is one more competitor.
23:04
Speaker 7: So it also fits into a much bigger bricks story.
23:07
Speaker 7: For many years now, bricks comprising Brazil, Russia, India, China,
23:12
Speaker 7: South Africa and others, have been talking about reducing their
23:14
Speaker 7: dependence on the US dollar. Sure, it won't be replaced overnight,
23:19
Speaker 7: but by trading in their own currencies, whether it's the
23:21
Speaker 7: Chinese you are, the Indian rupee, or the Brazilian reality.
23:24
Speaker 7: They're also building alternative payment systems and expanding local currency financing.
23:31
Speaker 7: Brazil's latest move is just another step in that particular direction.
23:35
Speaker 7: It reinforces brigs's long term push for a more multi
23:39
Speaker 7: polar financial system where the US dollar is no longer
23:43
Speaker 7: the only game in town.
23:45
Speaker 1: Give me your dead give me take on what it's said,
23:49
Speaker 1: because this right here puts pressure on dollar. It puts pressure,
23:53
Speaker 1: and I'm talking about tremendous pressure on the dollar.
23:56
Speaker 2: Yeah, okay, so I think I understand the question. Well,
24:01
Speaker 2: this is a Brazil is the most important country in
24:06
Speaker 2: Latin America. Brazil is the largest economy in Latin America.
24:11
Speaker 2: So this is a big deal and and it makes
24:15
Speaker 2: business sense like uh, it was mentioned in the segment
24:19
Speaker 2: because the borrowing rate in yuan is a lot cheaper
24:23
Speaker 2: than borrowing the dollar. Because Scott Besson right now is
24:29
Speaker 2: trying to defend the US dollar from losing value, so
24:33
Speaker 2: they have to keep the interest rate at certain level.
24:36
Speaker 2: They cannot further reduce the interest rate then people will
24:40
Speaker 2: lose interest in the US dollar to nominated assets, So
24:44
Speaker 2: they have to keep the interest high enough to attract
24:48
Speaker 2: foreign investors to continue to invest in US dollar, US
24:53
Speaker 2: dollar treasury, et cetera. So so that way, but when
24:57
Speaker 2: you keep the interest rate up, it also means we
25:01
Speaker 2: borrow US dollars you have to pay more in interest payments.
25:05
Speaker 2: So this is where a case where you know China
25:08
Speaker 2: has Chinese run has kept its value versus dollar. In fact,
25:12
Speaker 2: Chinese run has risen in value versus US dollars, So
25:17
Speaker 2: Chinese government has no is under no pressure to increase
25:21
Speaker 2: the interest rate, which is lower than you know, the
25:24
Speaker 2: borrowing rates lower than what you would borrowing you against
25:29
Speaker 2: US dollars. So it actually makes perfect sense for other
25:32
Speaker 2: countries to borrow you on and China has excellent credit,
25:37
Speaker 2: you know, because they after after everything, what's important are
25:43
Speaker 2: still physical things, and physical things are being produced in
25:48
Speaker 2: China being the world's manufacturing superpower, so the power balance
25:55
Speaker 2: continue to shift, you know. And social media often I
25:59
Speaker 2: saw people posting like, you know, the military porn from
26:04
Speaker 2: from the US of showing all the aircraft carriers, you know,
26:07
Speaker 2: all the all the fighters and say, you know, guess
26:10
Speaker 2: what this is what's backing the US dollar. But this
26:14
Speaker 2: is circular logic because all those military hardware is also
26:19
Speaker 2: backed by the US dollar. So what happens when the
26:22
Speaker 2: dollar itself falls in value, all those things will go kaboot.
26:29
Speaker 2: And and you know, as I mentioned before, Scott Besson,
26:32
Speaker 2: he's a Wall Street guy, so he knows everything about
26:37
Speaker 2: currency manipulation. This is you know, when he worked for
26:41
Speaker 2: George Sorols, right, they did a raid against the British pond,
26:47
Speaker 2: and George and Scott Besson also bet against the Hong
26:51
Speaker 2: Kong dollar. He thought he would make easy money there by.
26:54
Speaker 2: In nineteen ninety seven, Hong Kong got a new landlord
26:57
Speaker 2: that was Mainland China, and the Bank China told the
27:01
Speaker 2: Bank of Hong Kong, you got to defend the Hong
27:03
Speaker 2: Kong dollar at all costs. So Scott Besson lost tons
27:06
Speaker 2: of money. That's why he always had an a boner
27:09
Speaker 2: against China. But he is a key's ultimate currency manipulator.
27:15
Speaker 2: He understands how the game is playing played. So right
27:18
Speaker 2: now he is trying to prop up the value of
27:23
Speaker 2: the dollar, you know, against all the headwinds. And for
27:27
Speaker 2: for now it is succeeding temporarily. But again it's at
27:32
Speaker 2: a cost. The high value of dollar versus other world currency,
27:37
Speaker 2: it comes at a price, and the price is that
27:39
Speaker 2: they have to keep the interest high. We have to
27:41
Speaker 2: keep the interest high enough for the world investors willing
27:45
Speaker 2: to put their asset in US dollar denominated assets because
27:51
Speaker 2: they're expecting a return, right, and the lure is high
27:55
Speaker 2: interest rate. But then the high interest rate means people
27:58
Speaker 2: who borrow you as the dollar will also have to
28:01
Speaker 2: pay more. So this this, people, this is not sustainable.
28:06
Speaker 2: This is this is not a sustainable system. The more
28:09
Speaker 2: they try to manipulate the currency market trying to defend
28:14
Speaker 2: the US dollar, it put more pressure on the whole system.
28:19
Speaker 2: You know, sooner or later, this house of cars will
28:22
Speaker 2: all have to fall down, you know, I'm here for it,
28:26
Speaker 2: you know, mm hmm. And by the way, uh, you
28:39
Speaker 2: know Venezuela is is this okay, go ahead? Oh you know,
28:48
Speaker 2: Brazil is a real prize in Latin America. What United
28:52
Speaker 2: States States did against Venezuela, that is just a beginning.
28:57
Speaker 2: The real aim has always been Brazil, right, That's why
29:02
Speaker 2: US backs and Ul before. And you know, during that
29:07
Speaker 2: time they completely rigged the election because they put Lula
29:12
Speaker 2: behind bars and US no doubt US will try to
29:20
Speaker 2: influence the next Brazil election. They never gave up because
29:24
Speaker 2: Brazil for US is the ultimate price being the largest
29:28
Speaker 2: economy in the world. This is why the whole bricks
29:33
Speaker 2: the bricks forum is very important. You know, the Lula
29:37
Speaker 2: President Lula himself had said, if we allow the dollar
29:41
Speaker 2: hegemony to continue, you know, we're going to repeat in
29:44
Speaker 2: the twenty first century what happened in the early twentieth century.
29:50
Speaker 2: He's referring to the two World Wars, of course, because
29:55
Speaker 2: essentially the dollar hedgemany financed US to wage endless war
30:00
Speaker 2: war around the globe. And he has, uh, you know,
30:03
Speaker 2: repeatedly said there's a need for alternative to the US
30:08
Speaker 2: dollar system and a need for for another world reserve currency,
30:13
Speaker 2: and I think by all indications, the world, the bricks,
30:18
Speaker 2: the global South are moving on that path.
30:21
Speaker 3: Uh.
30:21
Speaker 2: It may not happen right away, it may not happen tomorrow.
30:24
Speaker 2: You might not even happen next year, but you know
30:28
Speaker 2: the direction is set and it's irreversible at this point.
30:33
Speaker 1: Bricks, this is interlinking system and digital current, the system,
30:38
Speaker 1: Chinese ships system, which is mature out of all of
30:43
Speaker 1: the systems. And this on Deutsche Bank now issuing Panda bonds,
30:49
Speaker 1: which shows you that there's an economic shift away that
30:53
Speaker 1: you see Humpty Dumpty falling off the wall, which is
30:56
Speaker 1: the Use Empire. No matter what she does of the time,
31:01
Speaker 1: the nations are no longer backward nations. That China is
31:04
Speaker 1: not just her nic system back together again.
31:07
Speaker 2: Yeah, I mean even Tony Blinkett, the former Secretary of
31:10
Speaker 2: State under Biden, in a recent interview, he admitted essentially
31:15
Speaker 2: the US is no match for China. He said if China,
31:19
Speaker 2: if US would go against China in a confrontation, head
31:23
Speaker 2: to a total confrontation, you know it will be a mismatch.
31:27
Speaker 2: It's as it's going to be a mismatch because China
31:30
Speaker 2: has a larger manufacturing base. China has a larger population.
31:35
Speaker 2: So in order to contain China, US needs to get
31:39
Speaker 2: all its so called partners together. And you know this
31:43
Speaker 2: they had been talking about forever, you know. So but
31:46
Speaker 2: the idea that if US Empire cannot even defeat Irang
31:51
Speaker 2: in the street or her mouse, somehow they're gonna think, like,
31:55
Speaker 2: you know, some additional help from France and so Germany
32:01
Speaker 2: is gonna tip the balance. That's just not realistic. And
32:05
Speaker 2: when you were talking, when we're talking about versus China,
32:08
Speaker 2: that's just fantasy. And for countries in the East Asia,
32:13
Speaker 2: they they're also taking notes right now. You know, all
32:17
Speaker 2: the US allies in West Asia, in the Persian Gulf,
32:20
Speaker 2: they're getting wrecked. They're getting wrecked because they have partner
32:24
Speaker 2: with the US Empire. You know, they didn't receive protection
32:28
Speaker 2: which they had expected. You know, the whole deal is
32:32
Speaker 2: that US will offer them protection, will offer them security
32:36
Speaker 2: umbrella in exchange for having US basis on their soil.
32:40
Speaker 2: But having US basis turns out to be a great
32:43
Speaker 2: liability rather than an asset. That is something that the
32:48
Speaker 2: other US vassal states must you know, take into heart,
32:54
Speaker 2: because what Iran can do China can dish out ten
32:58
Speaker 2: hundred times one hundred times. So, you know, like the
33:04
Speaker 2: whole house of card that is the US Empire, it's
33:09
Speaker 2: it's going into irreversible decline. There's there's no stopping it.
33:14
Speaker 2: And I said, like I said, you know, like the
33:18
Speaker 2: the speed at which is declining is to nobody's satisfaction,
33:22
Speaker 2: right the new account thinking is declining too fast. We
33:25
Speaker 2: think it's declining too slow, but it is heading in
33:30
Speaker 2: the right direction. Uh, it's declining nonetheless. So you know,
33:34
Speaker 2: people just have to be a little bit patient. There's
33:39
Speaker 2: US is just going to try to use all its
33:42
Speaker 2: power to sabotage any what they preserve receive as opposition,
33:48
Speaker 2: including the Bricks Forum, because US still have a lot
33:52
Speaker 2: of power build up through the decades, you know, through
33:56
Speaker 2: its three letter agencies, through sabotage, through regime change, color revolution.
34:02
Speaker 2: United States is still very good at that. US is
34:05
Speaker 2: still very good at propaganda, propaganda, propagandized population around the world.
34:11
Speaker 2: That part, you know, that's that's United States playin to
34:17
Speaker 2: its strength, you know. So we're still gonna see instability
34:22
Speaker 2: all around the world instigated by United States. But US
34:27
Speaker 2: right now is losing its heart power, and once the
34:31
Speaker 2: heart power goes, everything will follow, right. You know, all
34:36
Speaker 2: these so called soft power that US build and US
34:39
Speaker 2: have enjoyed over the decades, that's a derivative of the
34:43
Speaker 2: US heart power. And the US heart power has been
34:46
Speaker 2: seriously challenged in the Persian Gulf right now and there's
34:52
Speaker 2: no coming back from that. You know. What happened in
34:54
Speaker 2: Street or Hormuz is essentially a sUAS Canal moment the
35:00
Speaker 2: US Empire. You know, for people who don't know, Swiss
35:03
Speaker 2: Canal Crisis was when British and French they thought there
35:08
Speaker 2: were still colonial powers and they they they're trying to
35:12
Speaker 2: snatch the control of Swiss Canal from Egypt, which trying
35:15
Speaker 2: to nationalize it. And at that time both United States
35:20
Speaker 2: and Soviet Union told them, don't do that. You know,
35:24
Speaker 2: you no longer call the shots. If you want to
35:27
Speaker 2: pursue that, We're not. We're going to withdraw our support.
35:32
Speaker 2: And at that time the British and French joined operation
35:36
Speaker 2: that couldn't continue because they were financially dependent on the
35:41
Speaker 2: United States. And when US withdraw its support, it's over.
35:45
Speaker 2: They had to go home. On a different level, United States,
35:50
Speaker 2: what this is, what the US is experiencing in the
35:53
Speaker 2: Persian Gulf. The US hard power is proven, proven ineffective,
36:00
Speaker 2: and the the ultimate backing of that US heart power,
36:07
Speaker 2: you know, the US financial hegemony is also cracking. So yeah,
36:13
Speaker 2: this is I don't think there's any coming about. You know,
36:16
Speaker 2: the rest of us just have to be patient. Like
36:18
Speaker 2: somebody on the Chat already points out right, like the
36:21
Speaker 2: Japan is already under tremendous pressure and Scott Besson has
36:26
Speaker 2: to step in trying to pop up the Japanese market.
36:32
Speaker 2: But but you know, this is a this is a
36:34
Speaker 2: shell game. All this currency manipulation is a shell game.
36:37
Speaker 2: You can, you can, you can, you can maintain it
36:40
Speaker 2: for for a while, for for a month, even years,
36:43
Speaker 2: but in the long term that's not sustainable Japan's economy,
36:47
Speaker 2: Japan's currency is declining because their currency is declining, their
36:53
Speaker 2: population is declining. You know, there's there's no a mound
36:59
Speaker 2: of financial wizardy that's gonna save that. But what what
37:05
Speaker 2: your Japanese government is trying to do right now is
37:08
Speaker 2: they actually trying to adopt military kinsinism, which is what
37:12
Speaker 2: the other Western governments are also doing, uh, including in Europe.
37:17
Speaker 2: They're like Okay, well, our economy is not doing so well,
37:20
Speaker 2: and our main state of our economy, the pillar of
37:26
Speaker 2: our economy, our automakers are getting slaughtered by the Chinese competition. Okay,
37:31
Speaker 2: so maybe we can switch from producing toyota to produce
37:35
Speaker 2: you know, tanks. Yeah, I just I'm not convinced that's
37:40
Speaker 2: that's gonna work.
37:42
Speaker 3: You know.
37:43
Speaker 2: Uh, the way that Hitler pulled us off before War
37:48
Speaker 2: two is he borrowed a lot of money and for
37:53
Speaker 2: German you need to finance its military industrial complex, and
37:57
Speaker 2: then he launches war say okay, now I'm don't have
38:00
Speaker 2: to pay you back. Now I have all these weapons
38:02
Speaker 2: that don't have to pay you back. I just don't
38:05
Speaker 2: see that as an option for Japan. Again. If even
38:09
Speaker 2: if the United States military is getting is as kicked
38:13
Speaker 2: in Persian golf by Iran, you know what hope is
38:18
Speaker 2: there for other US vassal states. You know, US keep
38:21
Speaker 2: on talking about they're gonna off, you know, they're gonna
38:26
Speaker 2: do do burden sharing with their allies, expecting the Europeans
38:30
Speaker 2: and the Japanese to pick up some portion of this
38:34
Speaker 2: burden of US empire in containing China and Russia. But
38:39
Speaker 2: if US cannot do it itself. You cannot realistically expect
38:43
Speaker 2: that Europeans or the Japanese will do that job any better. Okay,
38:47
Speaker 2: I saw flying crocodile asking what do I think about
38:50
Speaker 2: Japan's move to manufacturing long long range missiles and Chinese reaction. Well, look,
38:57
Speaker 2: I mean, Japan can manufacture US missiles as he wants,
39:02
Speaker 2: but ultimately, if those missiles are not being used, they're
39:09
Speaker 2: just you know, they're just a bunch of metals gathering dust,
39:14
Speaker 2: gathering rust. These missiles are not productive assets, and nobody
39:21
Speaker 2: is attacking Japan at this point. You know, like unlike
39:24
Speaker 2: you're wrong, you' wrong actually has a you know, to
39:28
Speaker 2: face the existential issue of existential fight against United States.
39:32
Speaker 2: They needed those missiles. Miss all is the best defense
39:35
Speaker 2: you round has right now, nobody is attacking Japan. So
39:38
Speaker 2: if Japan produced long range missiles, you know, what are
39:43
Speaker 2: they going to do. They're just gonna set that they're
39:45
Speaker 2: in their storage and gathering dust. And what he actually
39:49
Speaker 2: does is taking away from the productive part of the
39:53
Speaker 2: Japanese economy. This is a path that the Soviet Union
39:58
Speaker 2: went down in its later years. You know, a lot
40:02
Speaker 2: of the a lot of resources were devoted to build
40:09
Speaker 2: up the you know, to produce military equipments, and ultimately,
40:15
Speaker 2: when Soviet Union collapsed, you know, you just have tens
40:19
Speaker 2: of thousands of tanks, hundreds of thousands of tanks sitting
40:24
Speaker 2: a sea of rust. Right, and so that's that's so.
40:29
Speaker 2: So what if Japan, Japan produced long range missiles. This
40:34
Speaker 2: is just a misallocation of the resources that could be
40:39
Speaker 2: put into more productive use. You know, I wouldn't worry about.
40:43
Speaker 1: You were talking about the situation in Asia. Let me
40:46
Speaker 1: play if they will allow me, Let me play a
40:49
Speaker 1: nick clip that I want opinion on, and this is
40:52
Speaker 1: about the United States and her desperation.
40:55
Speaker 9: Beijing has activated one of the largest packages of trade
40:59
Speaker 9: countermeasures against Washington in response to sanctions imposed by Trump
41:04
Speaker 9: on Chinese companies. The News sanctions target multiple American enterprises,
41:09
Speaker 9: restrict robot imports and kurb exports of drones and their components.
41:14
Speaker 9: Our correspondent Constantine Roushkov has more.
41:18
Speaker 3: The trade in tech war between China and the United
41:21
Speaker 3: States has heated up sharply over.
41:24
Speaker 2: The past few days.
41:25
Speaker 3: China has now unveiled one of its largest packages of
41:29
Speaker 3: retaliatory measures yet the move drawing The most attention is
41:33
Speaker 3: Beijing's decision to tighten controls on exports of drone related
41:38
Speaker 3: components and technology to the United States. Here's what the
41:42
Speaker 3: official statement from China's Ministry of Commerce says.
41:46
Speaker 4: Drone exports to the United States and the export of
41:49
Speaker 4: their key components and related technologies listed in the Export
41:52
Speaker 4: Control list of Dual use Items of the People's Republic
41:55
Speaker 4: of China shall be subject to strict case by case review.
41:58
Speaker 4: Expedited licensing PROCs and other licensing facilitation measures shall not apply.
42:03
Speaker 3: Anyone who has ever flown or even held a DGI
42:07
Speaker 3: drone knows just how dominant China is in the global
42:11
Speaker 3: commercial drone market. Though this isn't an outright export ban,
42:15
Speaker 3: it does mean that the Chinese government will now closely
42:19
Speaker 3: scrutinize every drone related shipment bound.
42:23
Speaker 10: For the United States.
42:25
Speaker 3: As part of the same package, Beijing has also barred
42:28
Speaker 3: Chinese companies from doing business with seven US firms and
42:33
Speaker 3: launched an investigation into US cybersecurity company Palulito Networks and
42:40
Speaker 3: the products it sells in China. All of that sends
42:43
Speaker 3: a clear political message. If you hit us, we're going
42:47
Speaker 3: to head back, and just a few days ago, the
42:50
Speaker 3: United States announced a new round of their own trade
42:53
Speaker 3: restrictions on China. Most notably, it banned imports of newly
42:58
Speaker 3: manufactured for Warren made humanoid robots and quadruped robots better
43:04
Speaker 3: known as robot dogs, a market dominated by Chinese manufacturers.
43:10
Speaker 3: The US also dramatically expanded its sanctions list, adding forty
43:15
Speaker 3: three Chinese companies over allegations of Wiger for slab, and
43:20
Speaker 3: imposed new tariffs of ten to twelve point five percent
43:24
Speaker 3: on imports from sixty trading partners including China. Of course,
43:29
Speaker 3: but the tech in trade fight is only one part
43:34
Speaker 3: of the broader tensions that have been simmering between Beijing
43:38
Speaker 3: and Washington over the past few weeks. Lawmakers in the
43:42
Speaker 3: US Congress are now anticipating a record forty billion military
43:47
Speaker 3: aid package for Taiwan. Here's what Senior Republican Congressman Michael
43:53
Speaker 3: McCall said during his recent visit to Taipei, a trip
43:57
Speaker 3: that was itself bound to taide Beijing.
44:01
Speaker 10: Last December, Congress signed off on the largest foreign military
44:05
Speaker 10: sales package in history at eleven billion US dollars, and
44:08
Speaker 10: we aren't stopping there. I am confident the President will
44:11
Speaker 10: forward soon another package to Congress with an additional fourteen
44:15
Speaker 10: billion dollars in critical military defense articles.
44:18
Speaker 3: Taiwan also has launched major week long military exercises rehearsing
44:23
Speaker 3: impossible conflict with Beijing. One of the scenarios involves evacuating
44:29
Speaker 3: the island's leadership and the event of what military planners
44:33
Speaker 3: sometimes call a decapitation strike designed to knock out Taiwan's
44:38
Speaker 3: political command. And what a difference a few months can make, really,
44:43
Speaker 3: I remember covering Donald Trump's visit to Beijing when he
44:47
Speaker 3: and Shijing Ping shook hands, smiled for the cameras, and
44:51
Speaker 3: gave the impression that both sides were trying to cool
44:55
Speaker 3: tensions and work through their differences, not create new ones.
45:00
Speaker 3: The two leaders are expected to meet again at the
45:02
Speaker 3: end of September, but if tensions keep rising at this pace,
45:07
Speaker 3: both Donald Trump and shi Jingping will have a lot
45:10
Speaker 3: of fires to put out when they finally sit down
45:15
Speaker 3: face to face.
45:16
Speaker 1: America is losing her power everywhere she is looking at China.
45:19
Speaker 2: Bit of China, you froze a little bit rashid, but
45:24
Speaker 2: I think I got what you're you were saying. So yeah,
45:30
Speaker 2: the reason Pakistan used China's Jake China made J ten
45:37
Speaker 2: C aircraft is because the S sixteens at US previously
45:42
Speaker 2: sold to Pakistan actually kim with a string attached. The
45:46
Speaker 2: string is you cannot use those S sixteens to fight India,
45:51
Speaker 2: which makes it pointless because one of the reasons, you know,
45:57
Speaker 2: the biggest security thread that Pakistan face is India. You know,
46:01
Speaker 2: what's the point spending billions of dollars to buy those
46:06
Speaker 2: S sixteen packages if you can't use them, right Whereas
46:10
Speaker 2: you know, when China sold the J tend sees to
46:14
Speaker 2: package that they didn't have you know they did, they
46:17
Speaker 2: didn't come with those streams attached. So as for US
46:23
Speaker 2: sanctions like the you know China hit the Chinese Joan
46:32
Speaker 2: export control is interesting because there's a lot of domestic
46:37
Speaker 2: US johone companies, right, They're not happy with the dominance
46:42
Speaker 2: UH of dji in the commercial market in the United States.
46:46
Speaker 2: So what they try to do they try to position
46:48
Speaker 2: themselves as national security companies for the US military. They say, Okay,
46:54
Speaker 2: you need a China free UH supplier, you need you
46:58
Speaker 2: need these Joanes, but you and I rely on China
47:01
Speaker 2: for those joms, So let me be that guy who
47:04
Speaker 2: made in America to produce for Pentagon. So they have
47:08
Speaker 2: all these like fat Pentagon contract. But what do they do.
47:13
Speaker 2: They turn around and source their components from China and
47:17
Speaker 2: they come to United States and they assemble it together
47:21
Speaker 2: in a package and then they slap on their own
47:24
Speaker 2: branding and then resell it to Pentagon for a much
47:29
Speaker 2: higher markup premium. Right, So they have been doing this
47:33
Speaker 2: for a while. This is the same with the company
47:36
Speaker 2: Skydio and also the company by Palmer Lockey, the uh
47:44
Speaker 2: His company and Duro, they all do the same thing.
47:47
Speaker 2: All they do is they import the Chinese components, they
47:50
Speaker 2: slap it together, you know, like in a new package,
47:54
Speaker 2: and they slap their own brand and they sell Pentagon
47:57
Speaker 2: for you know, Billy of dollars. And China is now saying,
48:02
Speaker 2: you know what, you don't get to bat mouth us
48:05
Speaker 2: and and continue this grift. We're not gonna sell you
48:09
Speaker 2: those components. If you really want to mating America, Jones,
48:12
Speaker 2: you really got to make it, make it in America now.
48:15
Speaker 2: So so that that's what China is doing. They're they're
48:18
Speaker 2: not reviewing case by cases to make sure that that
48:22
Speaker 2: Chinese these companies this national security company that would sit
48:26
Speaker 2: up specifically for for the grift off pentagons. China UH
48:32
Speaker 2: fears will not you know, be able to make money
48:35
Speaker 2: that way, you know, like they continually talk about the
48:38
Speaker 2: China threat, but but they still rely on the Chinese
48:42
Speaker 2: supply chain to produce their product for the pentagon Uh.
48:46
Speaker 2: So China said no, no, no, We're gonna shut that channel.
48:49
Speaker 2: So so that's what happened there. And when United States
48:53
Speaker 2: slap sanctions on China for humanoid robots and the robodogs,
48:59
Speaker 2: now this is a market where Chinese company dominate like
49:02
Speaker 2: ninety seven percent of the market. China retaliated immediately against
49:10
Speaker 2: the slap tariff on pecang imports from the United States,
49:16
Speaker 2: the fruit from the United States. And this this actually
49:20
Speaker 2: shows kind of the symmetry in the asymmetry in the
49:24
Speaker 2: US China trade. You know, US slap tariff against high
49:28
Speaker 2: value add high techno, high tech product from China. China
49:35
Speaker 2: slap tariff of agricultural product from the United States. And
49:40
Speaker 2: this is because if you look at the US, US
49:43
Speaker 2: the largest export to China right now are agricultural products,
49:48
Speaker 2: products like soilbeans and corn. Because US government, by its
49:53
Speaker 2: own decree says, you know, we're not going to sell
49:57
Speaker 2: high tech items that China actually want to buy, like,
50:00
Speaker 2: for example, uh, you know, high end AI chips or uh,
50:07
Speaker 2: high end equipment that allowed China to make high end chips.
50:13
Speaker 2: We will not we will not be able to sell
50:17
Speaker 2: sell those. The only thing China can buy using all
50:20
Speaker 2: these US dollar surplus they have on fround their trade
50:23
Speaker 2: surplus is so being on core. China is now saying no,
50:29
Speaker 2: thank you, we can we can source our agricultural import
50:33
Speaker 2: ports from from other countries, like friendly countries like Brazil,
50:37
Speaker 2: you know, for example. But but it shows how ridiculous
50:40
Speaker 2: it is. Like right now the import exports of the
50:43
Speaker 2: United States and China looks like that the third world country,
50:47
Speaker 2: you know, US export agricultural products and imports high tech
50:52
Speaker 2: manufacturer goods from China, right and and this is uh,
50:58
Speaker 2: this is where the direction is going. You know, US
51:03
Speaker 2: is increasingly become becoming a cir world country. Uh. You know,
51:08
Speaker 2: all they have is all these like financial game that
51:12
Speaker 2: keep at the top, manipulated by the financial Wall Street
51:16
Speaker 2: elite like Scott Besson. But again that you know that
51:18
Speaker 2: that game they cannot they cannot play forever. All flying
51:23
Speaker 2: crocodile says apparently the recent one hundred US teriff on
51:28
Speaker 2: jones over twenty five kilos is going to crush Zelenski's
51:32
Speaker 2: hope to export jones to the US. By the way,
51:37
Speaker 2: all the Ukrainian jones they also depend on the components
51:41
Speaker 2: from China, and EU is recently talking about there they're
51:48
Speaker 2: gonna ban dual use items from China. But that's actually
51:55
Speaker 2: gonna affect Zelenski because right now what's happening is EU
52:01
Speaker 2: they're they're natal countries, they they're going to, they're buying,
52:05
Speaker 2: they're sourcing all these droom components from China, and then
52:09
Speaker 2: they turn around and give it to Ukraine for the
52:12
Speaker 2: Ukrainians to assemble their own jokes. If those du use
52:16
Speaker 2: items get banned, those uh you know those export to Europe.
52:21
Speaker 2: Where where's the Ukrainian joe it's going to come from?
52:26
Speaker 2: Could you close out the show for me? Okay, So,
52:30
Speaker 2: I just got a message from Rashid uh Rashi's back
52:34
Speaker 2: Russia said his mic is being muted and he's asking
52:38
Speaker 2: me to help out closing the show. So thanks everyone
52:44
Speaker 2: for joining our show this morning. Unfortunately, we are experiencing
52:50
Speaker 2: some technical difficulties, but hopefully we are still managed to
52:55
Speaker 2: convey some valuable information and I hope you guys all
52:59
Speaker 2: enjoy this show and Rashie will be back, you know,
53:03
Speaker 2: like this. This this happened before, but Rashid always come back.
53:08
Speaker 2: So thanks everyone for joining in and we hope to
53:12
Speaker 2: see you next time. Bye bye, okay, guys, thanks thanks
53:18
Speaker 2: for having me again Rashid. I enjoy the conversation and
53:24
Speaker 2: I hope to see you soon. Bye bye for now,