Latest / UK Column Radio / $40 Trillion Later: Is the U.S. Dollar Empire Finally Breaking? | Silk and Steel

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$40 Trillion Later: Is the U.S. Dollar Empire Finally Breaking? | Silk and Steel · UK Column Radio

0:00
Speaker 1: Your brother and your friend Rashid.
0:02
Speaker 2: And I'd like to thank you for joining me on
0:03
Speaker 2: another episode of this platform with my co-host and friend,
0:08
Speaker 2: Carl Zah.
0:09
Speaker 1: How's it going today, Carl?
0:10
Speaker 3: Hey, how are you, Rashid?
0:12
Speaker 2: I'm doing pretty good, Carl. I'm working on a lot
0:14
Speaker 2: of things, trying to get some stuff done.
0:16
Speaker 1: In the background.
0:18
Speaker 2: We're experiencing, right now, we're experiencing some really bad weather over,
0:23
Speaker 2: that's There's a bad thunder and lightning storm front that's
0:27
Speaker 2: coming through the area. So I want to just inform
0:30
Speaker 2: you of that right now. And if the power glitches out,
0:33
Speaker 2: if I go out, it may not be the powers
0:36
Speaker 2: that be at this time. It may just be the
0:38
Speaker 2: grand power that.
0:39
Speaker 1: Takes us off the air. So, Carl, I want to
0:41
Speaker 1: bring your attention to something real quick. Lately, the United
0:44
Speaker 1: States has just passed $ 40 trillion. I did research. I
0:49
Speaker 1: put it in the Google search engine. I've done it all.
0:51
Speaker 2: $ 40 trillion is catamount to land money from Earth all
0:58
Speaker 2: the way to Pluto, which is 3 billion miles away
1:02
Speaker 2: from Earth.
1:03
Speaker 1: How in the world can the U.S.
1:06
Speaker 2: Sustain this and at the same time sustain her chaos, disorder,
1:10
Speaker 2: and war?
1:13
Speaker 3: Well, traditionally this was done because U.S. dollar is a
1:18
Speaker 3: world reserve currency. So what happened is when U.S. government
1:22
Speaker 3: prints money. It's not just Americans who will take that
1:26
Speaker 3: money to make purchase. It's also everybody around the world
1:30
Speaker 3: because there was a great demand for the dollar in
1:33
Speaker 3: the world market because back in the 70s, Kissinger and Nixon,
1:38
Speaker 3: they went to Saudi Arabia. They work out the deal
1:41
Speaker 3: called the petrol dollar, which makes the oil get priced
1:45
Speaker 3: in the US dollars. Now, everybody needs oil. So everybody
1:50
Speaker 3: needs U.S. dollar to make purchase of oil. And he
1:53
Speaker 3: also made it very convenient just for everyone to have
1:58
Speaker 3: their saving in U.S. dollars because everybody except U.S. dollars. Now,
2:03
Speaker 3: that made sure, ensured the U.S. dollar hegemony. What happened
2:08
Speaker 3: is the U.S. government realized, hey, we have a weapon.
2:12
Speaker 3: We have a very powerful weapon. when everybody needs our dollars.
2:18
Speaker 3: So not only we can continue to print money to
2:22
Speaker 3: pay off our debt, that everybody will just take our money,
2:26
Speaker 3: but now we can decide to kick off people off
2:29
Speaker 3: the dollar system, the people that we don't like. They
2:35
Speaker 3: first perfected their financial weapon on North Korea, actually, this
2:41
Speaker 3: back in early 2008. The United States decided to put
2:46
Speaker 3: financial sanctions on Korea. Specifically, they targeted a Chinese bank
2:50
Speaker 3: in Macau that was doing business with North Korea. Now,
2:54
Speaker 3: with that, they expanded that to other countries that the
2:59
Speaker 3: State Department doesn't like, which is Iran. And now with
3:04
Speaker 3: the Ukraine war, Russia, that was a real big one.
3:06
Speaker 3: They kicked Russia off the SWIFT system. What happened when U.S.
3:11
Speaker 3: started weaponizing its dollar hegemony is, whereas before, everybody except
3:18
Speaker 3: dollar because ease of use, because everyone else except dollars,
3:23
Speaker 3: and there was an existing system for settling, for trade
3:28
Speaker 3: payment settlement. Now, people realize, oh, wait a minute. Using
3:34
Speaker 3: dollar is actually not an asset. It's a liability. The
3:38
Speaker 3: liability is a part where Treasury Department says, we're going
3:42
Speaker 3: to freeze your bank account. You know, we'll make sure
3:45
Speaker 3: you cannot no longer access a dollar system. And, you know,
3:49
Speaker 3: of course, that's engineered to cause economic collapse. But that
3:53
Speaker 3: didn't happen because North Korea is still standing. Iran is
3:57
Speaker 3: still standing. Russia is still standing. What happened is these
4:02
Speaker 3: countries start to find alternatives. China have offered their SIP systems.
4:08
Speaker 3: to settle trade settlement in RMB. It became an alternative
4:13
Speaker 3: to the SWIFT system. That's what Russia has switched to.
4:17
Speaker 3: So it turns out the weaponization of dollar didn't play
4:22
Speaker 3: out the way the US intended. What it actually did
4:27
Speaker 3: is accelerate the trend of de-dollarization all around the world.
4:31
Speaker 3: People realized they have to make plan B. you know,
4:35
Speaker 3: you can't always count on using US dollars. So that
4:39
Speaker 3: caused a problem because, you know, if your money is
4:43
Speaker 3: no longer the world reserve currency, then you're going to
4:48
Speaker 3: face the same problem with every other country who print money.
4:54
Speaker 3: You're going to run into inflation. You will devaluate your currency.
4:59
Speaker 3: And now Scott Besson, our treasury secretary, he knows all
5:05
Speaker 3: about this because he made his career as a currency manipulator.
5:10
Speaker 3: And when he was working for George Soros, they attacked
5:14
Speaker 3: the British pound because they saw opportunity to make money.
5:18
Speaker 3: And then later during the Asian 1997, 1998 Asian currency financial,
5:25
Speaker 3: during the Asian currency crisis, Scott Besson saw opportunity again
5:31
Speaker 3: to short the Hong Kong dollar. But what he didn't
5:35
Speaker 3: count on was in 1997, Hong Kong had a new landlord,
5:39
Speaker 3: the People's Republic of China. And the Chinese government told
5:44
Speaker 3: the Bank of Hong Kong, defend the Hong Kong dollar
5:47
Speaker 3: at all costs, and we got your back. And because
5:51
Speaker 3: of that, Scott Besson lost his shirt on that bet.
5:54
Speaker 3: So he always had a private grudge against China because
5:58
Speaker 3: of that. And And now he's trying to manipulate the
6:02
Speaker 3: currency again because he thought there was a because of
6:05
Speaker 3: the U.S. debt issue and because the trend of the dollarization,
6:10
Speaker 3: there's great pressure put on U.S. dollar to devaluate. So
6:14
Speaker 3: what now what they're doing is U.S. is just lighting
6:18
Speaker 3: fire all around the world by starting all these regional crises.
6:23
Speaker 3: to make it seem that USA is the only land
6:27
Speaker 3: of calm in this world lit on fire. So whether
6:32
Speaker 3: you are like Gulf Arab states or some oligarchs in
6:36
Speaker 3: South America, you have no choice but to park your
6:40
Speaker 3: savings in U.S. bonds, U.S. dollar denominated asset in the U.S.
6:46
Speaker 3: stock market, real estate market, et cetera. This is working
6:51
Speaker 3: for a while because, you know, as we saw with
6:54
Speaker 3: the Strait of Hormuz close, there's a lot of Asian
6:59
Speaker 3: currencies specifically now have devaluated versus the dollar. You know,
7:04
Speaker 3: this is happening in Indonesia, where I live, in the Philippines, India,
7:11
Speaker 3: but also Japan and Korea. Now, all these countries have
7:14
Speaker 3: one thing in common. They depended on their energy from
7:19
Speaker 3: the Persian Gulf, which the US is trying to blow up.
7:23
Speaker 3: And so what that does is now all the people
7:29
Speaker 3: with money in these countries, now they try to stem
7:35
Speaker 3: off this devaluation of their own currency by putting their
7:39
Speaker 3: money into the U.S. stock market, which again, just goes
7:43
Speaker 3: on to fuel that giant AI bubble that we all
7:46
Speaker 3: know about. So Scott Besson said, I know this game,
7:53
Speaker 3: I know how it's played and everything is hunky-dory, but
7:57
Speaker 3: this game is not sustainable. This is not any kind
8:00
Speaker 3: of these currency manipulation scheme. It might work for a while,
8:05
Speaker 3: a short while, but it's never sustainable in the long term.
8:08
Speaker 3: You know, I remember the last time I was on
8:10
Speaker 3: the show, I was saying, oh, well, US debt is what,
8:13
Speaker 3: like 37 trillion? And you correct me like, no, 39 trillion. Well,
8:18
Speaker 3: now it's 40 trillion because it just seems yesterday it
8:21
Speaker 3: was only 37 trillion. You know, it only took like
8:26
Speaker 3: 90 days or so for US to cross the 40
8:29
Speaker 3: trillion mark. And so this is wild. And there's all
8:34
Speaker 3: kinds of irregularities in the world financial market right now.
8:39
Speaker 3: First was the Japanese bond market is breaking. You know, Japan,
8:44
Speaker 3: you know, this is an example U.S. could learn from Japan.
8:49
Speaker 3: was printing money ever since its own asset bubble bursted
8:53
Speaker 3: in the early 90s. First, that's also precipitated by the
8:57
Speaker 3: United States, by the way, because Japan's economy was doing
9:00
Speaker 3: very well. It was on the pace. Everybody expected the
9:03
Speaker 3: Japanese economy to surpass that of the United States. In fact,
9:07
Speaker 3: they did reach 75% of the US total GDP, and
9:12
Speaker 3: everybody was talking about the Japan threat. mongering Hollywood movie,
9:19
Speaker 3: like the rising sun, you know, it's really about, Oh,
9:23
Speaker 3: the Japanese are coming over, buying our, our buildings, our,
9:27
Speaker 3: our women, you know, they're taking over everything. And, and,
9:32
Speaker 3: and then, you know, then what, what United States did
9:35
Speaker 3: is they went to impose this Plaza Accord on Japan says,
9:39
Speaker 3: you know, you, you, you are, you're, They accused Japan
9:43
Speaker 3: of manipulating the currency, saying, OK, you've got to let
9:46
Speaker 3: your currency appreciate. And so Japan has no choice but
9:52
Speaker 3: to comply because Japan was a militarily occupied country since
9:56
Speaker 3: World War II with tens of thousands of U.S.
9:59
Speaker 1: Marines.
10:00
Speaker 3: Stationed on its soil. So the U.S. agreed to the
10:03
Speaker 3: Plaza Accord. That led to a very sharp appreciation of
10:08
Speaker 3: the Japanese currency versus the dollar. And the speed surprised everyone. Now,
10:14
Speaker 3: at first, it seems to work out because all the
10:16
Speaker 3: Japanese people feel like suddenly they just doubled their wealth, right?
10:21
Speaker 3: I mean, like before, it's like $ 1, one US dollar
10:27
Speaker 3: was like 250 yen. And suddenly $ 1 is worth only
10:31
Speaker 3: 120 yen. And all the Japanese people feel like, oh,
10:35
Speaker 3: we just double our household savings. And so at that time,
10:40
Speaker 3: the Japanese company did go on a shopping spree. But
10:44
Speaker 3: what also happened is, It made the Japanese export less competitive.
10:50
Speaker 3: So what the Japanese government tried to do, we're going
10:54
Speaker 3: to try to help our manufacturing sector by lowering the
10:58
Speaker 3: interest rate or just keep the interest rate low. The
11:00
Speaker 3: hope is that lower interest rate is essentially printing money.
11:05
Speaker 3: We're going to print money. Hopefully, those manufacturing giants will
11:09
Speaker 3: take those money and put it into production. But instead,
11:13
Speaker 3: what happened is because the Japanese currency started rising sharply
11:16
Speaker 3: in value, that made the Japanese real estate gain a
11:20
Speaker 3: lot of value too. So all these Japanese companies did
11:23
Speaker 3: the math. Like, look, rather than investing in production, we
11:28
Speaker 3: could just make more money if we invest in the
11:30
Speaker 3: real estate. So they take all those cheap money the
11:33
Speaker 3: Japanese government was printing out and then put into the
11:37
Speaker 3: real estate. And they figure this market will never go
11:41
Speaker 3: down because there's only one Tokyo. Everybody wants to live
11:46
Speaker 3: in Tokyo. So the Tokyo stock, the land price went
11:51
Speaker 3: through the roof. And, and, you know, next, everybody thought
11:57
Speaker 3: the good times will last forever. Well, then until 1990,
12:01
Speaker 3: early 1990s, that bubble burst and then to. compensate to
12:06
Speaker 3: to help the situation the japanese government decide we're just
12:09
Speaker 3: going to print more money they keep the interest rate
12:13
Speaker 3: artificially low almost like negative interest rate if you're accounting
12:17
Speaker 3: for inflation um and just try to sustain the japanese
12:22
Speaker 3: economy you know keep it on the light uh keep
12:25
Speaker 3: it on the on the lifeline but What happened is
12:28
Speaker 3: Japanese economy became essentially a zombie economy for the last
12:32
Speaker 3: 30 years. These are the last decades in Japan. And
12:37
Speaker 3: now the Wall Street traders, they saw arbitrage opportunity because
12:42
Speaker 3: they said, oh, you can borrow Japanese yen at almost
12:46
Speaker 3: no cost, at very low interest rate. We'll just borrow
12:50
Speaker 3: shit tons of Japanese yen, and then we'll invest in
12:53
Speaker 3: the U.S. stock market and U.S. treasuries, and U.S. real
12:58
Speaker 3: estate market, what will eat up all this, the difference
13:03
Speaker 3: in the interest rate, right? Like, this is easy money.
13:06
Speaker 3: So this is called the Japanese yen carrying trade, which
13:09
Speaker 3: has been going on for decades. Well, again, like, these
13:13
Speaker 3: things will work for a while, but it's never sustainable
13:17
Speaker 3: in the long term. So now, the Japanese economy is
13:21
Speaker 3: under great pressure. They had to raise interest rate in,
13:25
Speaker 3: hope to keep investors interested, to keep their savings, keep
13:32
Speaker 3: their investment in yen denominated assets. So Japanese bond rate
13:38
Speaker 3: yield has been rising. And suddenly all these Wall Street
13:42
Speaker 3: traders who have been borrowing shit tons of Japanese yen,
13:46
Speaker 3: a lot of them on margins, are getting a margin call.
13:50
Speaker 3: They're like, oh crap. So they're going to have to
13:52
Speaker 3: sell the U.S. Treasury, the U.S. stocks to answer the
13:58
Speaker 3: margin calls. So that's when Scott Besson realized, oh, crap. Oh, no, no, no.
14:02
Speaker 3: This is no good. I've seen this before. So he
14:05
Speaker 3: stepped in. This was like only like a week ago
14:10
Speaker 3: or a month ago. He stepped in. He physically stepped in, again,
14:14
Speaker 3: trying to manipulate the market. They're trying to prop up
14:19
Speaker 3: the Japanese yen and the Japanese bond. guess what? It
14:24
Speaker 3: didn't work. That worked for a month and then it
14:27
Speaker 3: stopped working. And now everybody noticed. And this is because
14:32
Speaker 3: this is because like US is facing its own problems. Again,
14:38
Speaker 3: you can print money as long as everybody accept your money.
14:45
Speaker 3: You can print money as long as you maintain a
14:49
Speaker 3: hegemony around the world. So Like the U.S. dollar hegemony
14:53
Speaker 3: basically rests on the U.S. hard power, the U.S., the
14:58
Speaker 3: real U.S. hegemony, which is the power of U.S. military. Well,
15:03
Speaker 3: guess what?
15:04
Speaker 1: U.S.
15:04
Speaker 3: Military is not doing too hot at the moment. We
15:07
Speaker 3: have sailors literally jumping ship in the Persian Gulf because,
15:12
Speaker 3: you know, Lincoln, the U.S. aircraft carrier that was sent
15:16
Speaker 3: out there was in a literal mess. mess right because
15:20
Speaker 3: uh this is again this is because donald trump's strategy
15:24
Speaker 3: donald trump's strategy comes to iran was first let's do
15:28
Speaker 3: the aerial campaign let's bomb them back to stone ages
15:32
Speaker 3: okay that didn't work and then he tried to blockade
15:35
Speaker 3: on blockade we're gonna strangle you economically well that also
15:39
Speaker 3: did not work and then then this is why he
15:42
Speaker 3: was desperate he signed the the the memorandum of misunderstanding,
15:48
Speaker 3: you know, MOU. The misunderstanding is on U.S. part. Iran
15:53
Speaker 3: was very clear on what they want. They want the U.S.
15:56
Speaker 3: to get the F out of West Asia. They want U.S.
16:00
Speaker 3: to pay the compensation. They want the right to regulate
16:04
Speaker 3: the straight or home moves. And Trump being Trump is like,
16:08
Speaker 3: A few weeks after he signed that surrender document at Versailles,
16:12
Speaker 3: he felt like, you know what, I'm going to do
16:16
Speaker 3: my part of the deal. I'm going to put pressure
16:19
Speaker 3: on Iran by reneging on part of the deal. What
16:23
Speaker 3: he did was trying to encourage ships to sail out
16:27
Speaker 3: of Persian Gulf through the southern channels, through the Omani side.
16:32
Speaker 3: and which goes against a letter of MOU. Iran said, no,
16:36
Speaker 3: we control the Strait of Hormuz. You have to go
16:39
Speaker 3: through the Persian Gulf Authority. That's us. And so Iran
16:44
Speaker 3: started attacking the ship that was pressured by U.S. to
16:47
Speaker 3: travel through the southern channel of the Persian Gulf. And
16:51
Speaker 3: then U.S. did a tit for tat campaign by bombing
16:55
Speaker 3: Iranian installation on Iranian soil. And Iran responded to further
16:59
Speaker 3: demolishing U.S. bases all around the Gulf countries. And so
17:05
Speaker 3: now the MOU has officially expired and we're back on
17:09
Speaker 3: blockade on blockade. But the problem with naval blockade is
17:15
Speaker 3: even if it were to work, it takes time. But
17:19
Speaker 3: the times is what United States don't have. The longer
17:23
Speaker 3: they maintain those, first of all, US is now at
17:26
Speaker 3: a weaker position vis-a-vis Iran since the start of the
17:31
Speaker 3: war because they have depleted their ammunition stockpiles. US only
17:36
Speaker 3: makes 50 Tomahawk missiles one year. One year to make
17:40
Speaker 3: 50 Tomahawk missiles. their missiles and their missile interceptors are
17:47
Speaker 3: getting depleted while Iran still have tens of thousands of
17:50
Speaker 3: missiles in stock. So, and on the other hand, it's
17:55
Speaker 3: a readiness of the U.S. Navy, as we saw, because officially,
18:00
Speaker 3: you know, on the books, U.S. have 11 aircraft carrier
18:04
Speaker 3: attack group. But that's not true because U.S. can, out
18:09
Speaker 3: of the 11 aircraft carriers deployed, Most of them are
18:13
Speaker 3: in docks for maintenance. So at any time, U.S. could
18:17
Speaker 3: deploy about four aircraft carrier attack group at any given moment.
18:23
Speaker 3: So this is why when they stretch out the deployment
18:26
Speaker 3: of Lincoln, you know, I don't know what the number is,
18:30
Speaker 3: like 265, almost 300 days. People are.
18:36
Speaker 3: Are breaking. People are literally breaking under psychological pressure because you're,
18:40
Speaker 3: you're essentially living on a prison on water, you know, and, and, and, and, and,
18:46
Speaker 3: you know, at suboptimal conditions because what Iran did is
18:51
Speaker 3: they destroy all the U.S. logistic bases in the region.
18:55
Speaker 3: They destroyed the main U.S. logistic base in Bahrain with
19:00
Speaker 3: their missile and drone attack. So, so all the U.S. Navy,
19:04
Speaker 3: you know, people will, A lot of people on the
19:08
Speaker 3: social media, they keep on posting all this U.S. military
19:11
Speaker 3: porn of all these powerful aircraft carrier attack groups and planes. Now,
19:16
Speaker 3: all these things, they need to be sustained. They need
19:21
Speaker 3: to be maintained and they need to be supplied. And
19:24
Speaker 3: this is why U.S. maintains bases all around the world
19:29
Speaker 3: in order to supply its military. And traditionally for the U.S.,
19:34
Speaker 3: Maybe operation in West Asia. They're being supplied by their
19:39
Speaker 3: bases in the region. So this is where Iran hit
19:43
Speaker 3: them where it hurts. Iran was systematically dismantling those U.S. bases.
19:50
Speaker 3: So those ships can no longer be reliably supplied. To
19:55
Speaker 3: give you an example, in U.S. Navy, a lot of the,
20:01
Speaker 3: for example, the milk, the meat, the vegetables are they
20:05
Speaker 3: didn't ship them directly from mainland USA. That's just too
20:10
Speaker 3: expensive and too far. They're usually being subcontracted out to
20:14
Speaker 3: the local suppliers and they get stored in the US
20:18
Speaker 3: bases in the region and then those subcontractors then supply
20:23
Speaker 3: these US ships. Well, that system is breaking down because
20:27
Speaker 3: the US military bases are gone in the region. And
20:32
Speaker 3: now this is why we have the problem of sailors
20:35
Speaker 3: not getting enough food or they're getting bad food. And
20:38
Speaker 3: then the U S Navy response was printing out AI
20:42
Speaker 3: generated images of sailors eating good. And it was so
20:49
Speaker 3: obviously fake when they have like the sailors face going
20:52
Speaker 3: through like aluminum wall.
20:54
Speaker 1: Right.
20:54
Speaker 3: And like, nobody believed that crap. This is why people
20:58
Speaker 3: are bailing ships. And so this is why they are
21:01
Speaker 3: now sending the USS George Washington to aircraft carrier attack
21:06
Speaker 3: group from East Asia to the Persian Gulf to replace
21:10
Speaker 3: the Lincoln. Now, USS George Washington is the last aircraft
21:15
Speaker 3: carrier group that's stationed in Asia. So now U.S. has
21:18
Speaker 3: no aircraft carrier group in East Asia. You know, it
21:23
Speaker 3: turns out the whole pivot to Asia that was pioneered
21:27
Speaker 3: by Hillary Clinton under Obama administration, it turns out to
21:30
Speaker 3: be a pivot to West Asia rather than East Asia
21:34
Speaker 3: because Guess what, Rashid? Our golden boy, Israel, takes the priority.
21:41
Speaker 3: All this talk about US will protect its Asian allies,
21:48
Speaker 3: that's all bogus. Japan, the world's third or fourth largest economy. Korea,
21:56
Speaker 3: one of the top 10 world economy. you guys all
22:00
Speaker 3: have to take a backseat to Israel because Israel is
22:03
Speaker 3: a golden boy that will always get the milk. And
22:08
Speaker 3: so this is why they ripped the THAAD missile defense
22:13
Speaker 3: system from South Korea, ship it to Persian Gulf. And
22:18
Speaker 3: this is also why they're sending George Washington attack group
22:22
Speaker 3: to West Asia. But there's now an interesting interlude of this.
22:28
Speaker 3: while they're sending the George Washington aircraft carrier attack group
22:33
Speaker 3: through South China Sea on their way to Pershing Gulf,
22:38
Speaker 3: one of the U.S. Arleigh Burke-class missile destroyer, I think
22:44
Speaker 3: it's called USS Bennifold, broke down, lost power, and was
22:48
Speaker 3: sent adrift out of the South China Sea for five
22:52
Speaker 3: days without power. That means no A.C., toilet not working,
22:58
Speaker 3: and you are stuck in a boat in the tropical
23:01
Speaker 3: heat of South China Sea. I mean, that's literally hell
23:06
Speaker 3: on earth. I mean, imagine the smell on that ship. So,
23:10
Speaker 3: I mean, China must be really scared, right? China is
23:15
Speaker 3: looking at this raw display of pure American power sit
23:21
Speaker 3: adrift on the South China Sea. So, you know, the whole...
23:26
Speaker 3: Strait of Hormuz crisis is really a Swiss canal moment
23:31
Speaker 3: for the U.S. empire. Now, Swiss canal crisis was back
23:35
Speaker 3: in the 1950, I think, 54, 55, when the British
23:39
Speaker 3: and the French sent expeditionary force to Egypt because they
23:43
Speaker 3: did not agree with the Egyptian government's plan to nationalize
23:47
Speaker 3: a Swiss canal. And then the Soviet Union and the
23:52
Speaker 3: United States are like, what are you doing? you're not
23:55
Speaker 3: the world power anymore. What do you think you're doing?
23:58
Speaker 3: And the United States is like, sorry, we cannot continue
24:02
Speaker 3: to provide you with military aid and economic aid if
24:05
Speaker 3: you're going to use that money to wage war. And
24:08
Speaker 3: then France and Britain had to call it quits because
24:13
Speaker 3: by that point, they are completely dependent on the US
24:16
Speaker 3: to supply them. And that marked the beginning of an
24:19
Speaker 3: end of the British and the French colonial empires. Vietnam, Algeria,
24:27
Speaker 3: all that followed. And now we're at that moment for
24:32
Speaker 3: United States. This is a straighter Hormuz crisis, really made
24:37
Speaker 3: it clear to everybody, U.S. is a paper tiger. Well,
24:41
Speaker 3: guess what? You know, like the people on social media
24:45
Speaker 3: used to post, again, all these military report of U.S.
24:48
Speaker 3: aircraft carrier and say, this is what's backing the U.S. dollar. Well,
24:52
Speaker 3: guess what? That is also itself backed by the US dollar.
24:59
Speaker 3: This is the circular logic. What if your dollar dominance break?
25:04
Speaker 3: What if your military dominance breaks? And the whole system
25:08
Speaker 3: of cards will just fall down. And that's what we're
25:11
Speaker 3: happening right now. This is why before US running the
25:15
Speaker 3: tap on the debt wasn't even that big of issue
25:19
Speaker 3: because the world just keep on accepting US dollars. And now...
25:24
Speaker 3: Because the world is all seeking to de-dollarize. And Brazil,
25:30
Speaker 3: by the way, Brazil just started to borrowing money in
25:33
Speaker 3: Chinese yuan because it made sense for them because RMB
25:39
Speaker 3: borrowing rate now is much cheaper than borrowing US dollars. Again,
25:43
Speaker 3: because Scott Besson, he had to defend the value of
25:47
Speaker 3: the dollar from devaluating because their money printing So he's
25:51
Speaker 3: doing all these things like keep the interest rate steady
25:55
Speaker 3: and all that. But what happened is when you have
26:00
Speaker 3: to keep the interest rate at a certain level to
26:02
Speaker 3: make the U.S. dollar denominated asset attractive for overseas investors,
26:09
Speaker 3: it means it's also more expensive to borrow U.S. dollars.
26:14
Speaker 3: And this is why Brazil, look at this. We're just
26:18
Speaker 3: going to borrow U.S. R & B. I mean, it's
26:21
Speaker 3: an easy, easy, easy win for us because Lula has
26:24
Speaker 3: repeatedly said we need to move away from the dollar.
26:28
Speaker 3: If the world does not move away from the dollar,
26:30
Speaker 3: we'll end up in the early 21st century where the
26:33
Speaker 3: early 20th century was. That's a very stark warning because
26:38
Speaker 3: early 20th century there were two world wars. And Brazil
26:42
Speaker 3: is one of the largest economy in Latin America and
26:46
Speaker 3: a member of the BRICS. And And this is why
26:50
Speaker 3: this is a problem for the United States because on
26:54
Speaker 3: one hand, they're printing money. On the other hand, they
27:00
Speaker 3: have to keep the interest rate at their certain level
27:03
Speaker 3: to make it still attractive for people to put their
27:07
Speaker 3: money in U.S. dollars. So what happened now is because
27:11
Speaker 3: the interest rate level, they cannot lower the interest rate
27:15
Speaker 3: level too much. That means the U.S. government which borrows U.S. dollars,
27:22
Speaker 3: now have to spend a lot more in interest payment.
27:26
Speaker 3: And this is why the whole U.S. government debt went
27:32
Speaker 3: from $ 37 trillion to $ 40 trillion in a jiffy because
27:37
Speaker 3: the interest payment now is snowballing because of the rising
27:41
Speaker 3: interest rate. And it's like a catch-22. I mean, if
27:44
Speaker 3: they lower the interest rate, And then, you know, the
27:50
Speaker 3: dollar would devalue and then the other investor might not
27:54
Speaker 3: be wanting to put their money in the U.S. stock
27:57
Speaker 3: market to fill the AI bubble, which is very important
28:02
Speaker 3: for the Washington elite because the AI bubble is the
28:04
Speaker 3: only thing that's sustaining the whole U.S. economy right now.
28:08
Speaker 3: If you take away all the AI investment, all the
28:11
Speaker 3: data center investment, the U.S. economic growth is zero. And
28:18
Speaker 3: it's almost negative. So basically, if you take away all
28:21
Speaker 3: the AI stuff, US economy will be in recession. So
28:25
Speaker 3: they have to keep the AI bubble going. And in
28:29
Speaker 3: order to do that, they need money. Because they don't
28:32
Speaker 3: have money. The US don't have money. They need to
28:35
Speaker 3: borrow money externally. And a lot of the money previously
28:39
Speaker 3: they were expecting to come from is from the persian
28:43
Speaker 3: gulf countries so we're expecting the gulf monarchies to put
28:47
Speaker 3: up their dollar surpluses and recycle them into the u.s
28:50
Speaker 3: stock market you know to fund their 500 billion dollar
28:55
Speaker 3: stargate bundago and all the gulf countries are now running
29:00
Speaker 3: out of money too because they're like you know countries
29:04
Speaker 3: like uh kuwait they haven't sold oil for like I
29:08
Speaker 3: don't know how long now, like half a year. And
29:12
Speaker 3: all of them are under extreme pressure. You know, this
29:15
Speaker 3: is why the U.S. was doing some crazy currency swap. Again,
29:20
Speaker 3: currency manipulation scheme with UAE because UAE, they're not getting
29:26
Speaker 3: their oil out. The Strait of Hormuz is still closed.
29:29
Speaker 3: And Yemeni just closed the Bab al-Mandeb, the Strait on
29:34
Speaker 3: the Red Sea. So no oil is getting out. And
29:39
Speaker 3: all these countries not only do they depend on the
29:43
Speaker 3: revenue from the oil and gas sales, but they also
29:46
Speaker 3: need to import food. Traditionally, they make money selling oil
29:55
Speaker 3: and gas, but they import everything else. And now nothing
29:58
Speaker 3: is going out, nothing is coming in. So they're in
30:03
Speaker 3: a very dire strait. The last thing now they need
30:06
Speaker 3: to think about is putting trillions of dollars in the
30:10
Speaker 3: US AI bubble, right? I mean, so this is why
30:14
Speaker 3: the whole dollar system is under increasing pressure. at the moment.
30:20
Speaker 3: And Scott Besson is trying to put out fire. But
30:23
Speaker 3: on top of that, they still want to force Iran
30:28
Speaker 3: to comply with their demands. This is what Trump called
30:32
Speaker 3: economic D-Day. He's going, I'm going to put the pain,
30:36
Speaker 3: I'm going to put the economic pain on them they
30:39
Speaker 3: have never seen before. Well, guess what? You have been
30:41
Speaker 3: putting on economic pains on Iran since forever. I mean, like,
30:45
Speaker 3: United States have been embargling and sanctioning Iran for almost
30:49
Speaker 3: as long as I have been alive. I mean, I
30:51
Speaker 3: was born in 1976 and US start sanctioning Iran in
30:56
Speaker 3: 1979 after the Islamic revolution. And yeah, so, so you're
31:01
Speaker 3: wrong there. They are prepared. They already found work around.
31:05
Speaker 3: They're working with other fellow BRICS countries. They're, they're selling
31:09
Speaker 3: oil to China. You know, China buys 90% of the
31:12
Speaker 3: Iranian oil and, and, Then Scott Besson, first they threatened
31:17
Speaker 3: to go after the other country that do business with Iran.
31:20
Speaker 3: They threatened to put secondary sanction on anyone who do
31:24
Speaker 3: business with Iran, which would include China. Because China is
31:28
Speaker 3: the largest purchaser of Iranian oil. And Scott Besson was
31:32
Speaker 3: threatening to sanction major Chinese banks for financing the Iranian
31:37
Speaker 3: oil purchase. Well, that will be an economic D-Day, not
31:41
Speaker 3: for Iran. but for the whole world economy. That D
31:48
Speaker 3: no longer stands for the Normandy landing. That D stands
31:53
Speaker 3: for world depression if the U.S. were to sanction a
31:57
Speaker 3: major Chinese bank. Because the Chinese made clear they're not
32:01
Speaker 3: going to stand down. They did that the first time around.
32:05
Speaker 3: They said, you know, you're going to put tariffs on us,
32:06
Speaker 3: we're going to put tariffs right back at you. And
32:10
Speaker 3: And if you do A, we'll do B. We'll do
32:13
Speaker 3: tit for tat. We're not scared of you. And if
32:16
Speaker 3: you dare to put secondary sanctions on major Chinese banks, man,
32:22
Speaker 3: that's like the game over for the world financial system.
32:27
Speaker 3: That's an economic nuke. So I don't think they're going
32:31
Speaker 3: to go through with that because that's just nonsense. But
32:35
Speaker 3: what they're doing is they're bluffing. They're really flailing right
32:39
Speaker 3: now because nothing is working. So they're throwing feces on
32:42
Speaker 3: the wall to see which one sticks. And here we are.
32:49
Speaker 3: Here we are. Here we are, Rashid. This is why,
32:54
Speaker 3: you know, Donald Trump. is actually the best U.S. president
32:59
Speaker 3: for dismantling the U.S. empire. He's doing it unintentionally. Unintentionally.
33:10
Speaker 2: Carl, you know, I wanted to talk to you about
33:13
Speaker 2: China and Iran because the Chinese said that they would
33:16
Speaker 2: not allow for Iran to be beaten or broken down
33:20
Speaker 2: by the U.S. But before I do that, I want
33:22
Speaker 2: to go to something that is rarely addressed And it's
33:26
Speaker 2: concerning Iran, it's concerning Palestine, it's concerning West Asia, China,
33:32
Speaker 2: and India. We know that India has a basing agreement
33:36
Speaker 2: with the United States. We know that they can resupply
33:41
Speaker 2: food and arms from Indian facilities. We also know that
33:45
Speaker 2: it was in that region where the U.S. submarines sunk
33:49
Speaker 2: an unarmed Iranian warship. Now, we have been getting more
33:55
Speaker 2: information that we already knew that India was a large
34:00
Speaker 2: buyer of weapons from Israel. But lately, Israel has been
34:06
Speaker 2: buying those weapons back and India has been selling the
34:12
Speaker 2: stuff back to punish the Palestinians, to punish Iran.
34:16
Speaker 1: How does India see itself in this double game?
34:20
Speaker 2: Because I think it is being blinded by its jealousy
34:25
Speaker 2: over the rise of China and trying to prevent China
34:29
Speaker 2: from becoming the number one power, and the United States
34:33
Speaker 2: is feeding into that. How do you think the other
34:38
Speaker 2: BRIC nations perceive India playing this double-edged game? And I'd
34:44
Speaker 2: like to shout out M. Sparks for the 200-jewel super
34:48
Speaker 2: chat also.
34:48
Speaker 1: Thank you. Go ahead, Carl.
34:51
Speaker 3: Yeah, I mean, I remember one time I was interviewed
34:54
Speaker 3: by an Iranian television channel and they asked me a question.
35:01
Speaker 3: They said, do you think Iran is the weakest link
35:04
Speaker 3: in the BRICS? I almost started laughing. I'm like, nobody
35:08
Speaker 3: thinks Iran is the weakest link in the BRICS.
35:10
Speaker 4: I mean, everybody that, no, that is India. You know,
35:14
Speaker 4: the I in the BRICS, that should have been Iran
35:17
Speaker 4: rather than India. Iran is definitely not the weakest link
35:22
Speaker 4: in the BRICS. India is the weakest link in the
35:26
Speaker 4: BRICS because, you know, India, I mean, I don't blame them.
35:30
Speaker 4: They're trying to just get the maximum advantage. Well, India,
35:33
Speaker 4: they thought by playing this double-sided game, by currying favor
35:38
Speaker 4: with both United States and Israel, but also participating in
35:42
Speaker 4: the BRICS forum, they will get the goodies from both sides.
35:46
Speaker 4: And I think one of the chief reasons that India
35:50
Speaker 4: cozy up to Israel is because they think by going
35:55
Speaker 4: through that channel, because they understand the Israeli influence in
35:58
Speaker 4: the United States, they thought by getting close with Israel,
36:01
Speaker 4: they will be getting closer with United States or even
36:04
Speaker 4: getting better treatment from the United States. But that did
36:08
Speaker 4: not happen.
36:09
Speaker 3: You know, like also ideologically, because, you know, India's ruling party,
36:15
Speaker 3: BJP is like really anti-Muslim and they see Israel as
36:19
Speaker 3: their ally, you know, anti-Muslim ally. And so that's also
36:25
Speaker 3: like a domestic politics angle of whether they're getting closer
36:28
Speaker 3: to Israel. But geopolitically, they thought that by getting close
36:32
Speaker 3: to Israel, they will get better treatment from the United States.
36:35
Speaker 3: But that did not happen because, again, because of Donald Trump.
36:40
Speaker 3: Donald Trump is the type of person, he's a bully, right?
36:43
Speaker 3: Bully do not respect weaknesses. Bullies only respect strength and
36:49
Speaker 3: they despise weakness. They will prey on weakness. What happened
36:54
Speaker 3: as a result of the Indian-Pakistan air war that happened
37:00
Speaker 3: recently is Donald Trump certainly warming up to Pakistan and
37:07
Speaker 3: putting distance between India because the whole point of some
37:11
Speaker 3: sort of alliance between India and United States through organization
37:16
Speaker 3: like the Quad is U.S. want to use India as
37:21
Speaker 3: a palm in the game to contain China, right? And
37:25
Speaker 3: that's a game that's from the U.S.
37:27
Speaker 1: Angle.
37:28
Speaker 3: But now that India is getting defeated by Pakistan using
37:32
Speaker 3: Chinese jets, that means India provide no value. India provide
37:38
Speaker 3: no value in containing China as far as Trump is concerned.
37:43
Speaker 3: This is why, you know, Trump is actually trying to
37:47
Speaker 3: warm up the ties with Pakistan because he likes winners.
37:50
Speaker 3: Trump likes winners. He does not like losers. And in
37:53
Speaker 3: his eyes, Indian government is a loser. And this is
37:57
Speaker 3: why India is getting no respect right now from the West,
38:02
Speaker 3: despite how much Modi government tried to kiss up to
38:05
Speaker 3: Washington or kiss up to Tel Aviv. And they're realizing
38:11
Speaker 3: that belatedly. during the Persian Gulf crisis, because their complicity,
38:19
Speaker 3: as you mentioned, their spacing agreement with US Navy, their
38:25
Speaker 3: complicity in letting the Iranian frigate, which was invited by
38:30
Speaker 3: government of India to participate a naval parade in India
38:34
Speaker 3: to be sunk by American submarines near the coast of India.
38:39
Speaker 3: And now they're finally... realizing the consequences are not so
38:48
Speaker 3: great for India because it turns out India is heavily
38:52
Speaker 3: dependent on the oil and gas from the Persian Gulf.
38:57
Speaker 3: And which means the Indian farmers right now, they're cutting
39:00
Speaker 3: cut off from fertilizers, you know, like, because a lot
39:04
Speaker 3: of the fertilizers like urea they're made from natural gas and,
39:08
Speaker 3: you know, Qatar hasn't been able to get their natural
39:12
Speaker 3: gas out. And when, Iran drones and missile attack took
39:15
Speaker 3: out one of the refineries in Qatar. It took out
39:22
Speaker 3: 10% of world's urea supply. And suddenly, India has to
39:28
Speaker 3: go crawl back to China. China because China is making
39:33
Speaker 3: their fertilizer from coal. China makes urea from coal, and
39:37
Speaker 3: China has a lot of coal. And because China has
39:40
Speaker 3: the world's best coal liquefaction technology, coal to oil technology,
39:46
Speaker 3: And so they're making a lot of the important chemicals,
39:49
Speaker 3: including plastic that were previously made from oil and gas
39:55
Speaker 3: to switch to use coal. So Chinese farmers have plenty
39:59
Speaker 3: of urea and other fertilizers. And they have enough to
40:06
Speaker 3: supply their BRICS allies, like Brazil. And now India is like,
40:11
Speaker 3: Please help us. We need Urea. And this is why
40:16
Speaker 3: now India is trying to repair the damage to their
40:20
Speaker 3: relationship with China. Now they're trying to play nice. And
40:24
Speaker 3: now they're trying to invite the Chinese investment back to
40:27
Speaker 3: India after banning them for a few years. India was
40:30
Speaker 3: the first country to ban TikTok, by the way. That's
40:33
Speaker 3: where the United States got the idea. So now they're
40:38
Speaker 3: trying to.
40:40
Speaker 3: Beg for the Chinese company to come back to India
40:44
Speaker 3: to invest because the Indian economy is under severe pressure
40:48
Speaker 3: right now because of what's happening in the Strait of Hormuz.
40:51
Speaker 3: The Indian economy heavily depends on the energy from that region.
40:56
Speaker 3: This could all be avoided if India has stuck to
41:00
Speaker 3: its traditional non-alignment policy you know during the cold war
41:09
Speaker 3: india was one of the founding member of the non-alignment
41:12
Speaker 3: movement which by the way was started in 1955 in
41:16
Speaker 3: the bandung conference also called afro asiatic conference that in
41:22
Speaker 3: in bandung indonesia and and at that time india was
41:27
Speaker 3: one thing was a leader of the movement which says
41:29
Speaker 3: okay there's a cold war there's a Soviet camp, there's
41:32
Speaker 3: a U.S. camp, but we, global South country, just got
41:36
Speaker 3: to stick together. We got to focus our own development.
41:40
Speaker 3: We're not interested in taking a side in this ideological struggle. Now,
41:45
Speaker 3: that was a perfect, sensible approach. In fact, up to
41:50
Speaker 3: very recently, India maintained a friendly relationship with Iran. They
41:57
Speaker 3: had a traditional friendship with Iran, with Russia, but they
42:02
Speaker 3: just decide to, you know, we gotta, we gotta kiss
42:06
Speaker 3: up to United States, you know, because there's also domestic
42:12
Speaker 3: reason for that because there's a large Indian diaspora in
42:16
Speaker 3: United States that, that also wish India and United States
42:20
Speaker 3: could work closer together. And, and, and for Modi, they,
42:23
Speaker 3: you know, he also part of his constituents are also
42:27
Speaker 3: these like Indian diasporas in United States who, you know,
42:32
Speaker 3: have a lot of money to, to, to throw around. And,
42:35
Speaker 3: and so, so, so Modi government was trying to basically
42:39
Speaker 3: have its cake and eat it too. And, uh, but,
42:43
Speaker 3: but now they're finding out the limit of their, their
42:46
Speaker 3: approach because the U S side is in shambles, uh,
42:51
Speaker 3: and they're not able to give India what it wants,
42:54
Speaker 3: which is investment, technological transfer, um, And even a steady
43:01
Speaker 3: energy supply. India had to resort to buy expensive natural
43:06
Speaker 3: gas from the United States, which is a lot more
43:09
Speaker 3: expensive than what they traditionally got from Russia and the
43:16
Speaker 3: Persian Gulf. So it's a lose-lose for India. But again,
43:23
Speaker 3: this is the Modi government reaping what they have. what
43:26
Speaker 3: they have sold. Now they're trying to make amends. Let's see.
43:29
Speaker 3: Let's see if they're sincere about that. You know, I
43:32
Speaker 3: have my doubts, but let's see.
43:36
Speaker 2: But don't you think that there's a lot of damage
43:40
Speaker 2: that they've done in the trust in the neighborhood where
43:42
Speaker 2: all of Bangladesh and the other nations no longer trust them?
43:45
Speaker 2: And think about the the pushing off development of the
43:50
Speaker 2: Chabahar port and backstabbing Iran and supplying Israel with weapons
43:56
Speaker 2: and intelligence in the midst of the Iranian-US-Israeli conflict. And
44:04
Speaker 2: then also, a lot of people don't know this, so
44:08
Speaker 2: we'll see it right here. A lot of the weapons
44:10
Speaker 2: that were used after Israel started lacking and becoming more
44:16
Speaker 2: depleted in weapons, India transferred those weapons back to Israel
44:22
Speaker 2: to pound the Palestinians.
44:24
Speaker 1: Don't you think that.
44:25
Speaker 2: Now they've done too much to be trusted by Russia
44:30
Speaker 2: fully because they also allowed the United States to inspect
44:35
Speaker 2: one of Russia's submarines that Russia leased to them and
44:40
Speaker 2: They backstabbed China. They backstabbed Iran. They backstabbed South Africa.
44:45
Speaker 2: They backstabbed Brazil. And not just that, but they have
44:49
Speaker 2: backstabbed the global South, believing in this pat on the
44:52
Speaker 2: back and this pipe dream that America and the West
44:55
Speaker 2: will set.
44:59
Speaker 3: Yeah, they thought that would be accepted to the. to
45:02
Speaker 3: the white club. They thought they would be accepted to
45:06
Speaker 3: the big boys club of the international community, which is
45:10
Speaker 3: really just the United States and its vassal states. But
45:14
Speaker 3: it turns out that, you know, U.S. saw them as
45:17
Speaker 3: too wrong, right? I mean, you're too wrong for our
45:20
Speaker 3: white club. And so India now has to do a
45:25
Speaker 3: lot more to win back the trust from the fellow
45:28
Speaker 3: BRICS country. Now they have to repair the damage, right?
45:33
Speaker 3: It's going to take time. It's going to take a
45:36
Speaker 3: lot of effort because they have to show why should
45:40
Speaker 3: we trust you again? A lot of the Chinese companies
45:44
Speaker 3: who got burned investing in India, they will hesitate to
45:47
Speaker 3: rush back to India right now because they remember what
45:51
Speaker 3: happened a few years ago when the government just started
45:56
Speaker 3: to ban their investment and make them lose their shirt.
46:02
Speaker 3: Why would they put themselves up for that risk again?
46:06
Speaker 3: India has to do more to show that it's serious
46:10
Speaker 3: try to win the good graces of its fellow BRICS members.
46:15
Speaker 3: You know, that's up to India ultimately to decide, you know,
46:21
Speaker 3: whether that's something they want to pursue because the world's changing,
46:26
Speaker 3: world's changing fast. You know, if they had only just
46:30
Speaker 3: stick to their traditional, you know, non-alignment approach, just like
46:35
Speaker 3: be friends with, with, everybody and don't take a side,
46:40
Speaker 3: they would not be in the problem they're in right
46:42
Speaker 3: now because all the problem is because they were leaning.
46:47
Speaker 3: They decide to lean in with America. They decide to,
46:51
Speaker 3: to go all in with, with, with Washington and Tel Aviv.
46:55
Speaker 3: And that didn't look good. That not only didn't look good,
46:58
Speaker 3: you actually didn't gain anything for India. All right. I mean, like,
47:03
Speaker 3: in fact, in the West, there's a, rising anti-Indian sentiment
47:08
Speaker 3: in a lot of the developed countries. They reap what
47:16
Speaker 3: they sow. Now they have to do damage control. Now
47:19
Speaker 3: they have to show their sincerity. They have to do
47:24
Speaker 3: more to win back the trust. But then again, that's
47:27
Speaker 3: their problem. That's Modi government's problem.
47:33
Speaker 2: Before I bring in the question from Dave in the
47:35
Speaker 2: audience in the chat, I remember the United States was
47:39
Speaker 2: flexing its muscle in the Black Sea and they had
47:42
Speaker 2: one of these early class destroyers there and Russia shut
47:46
Speaker 2: down the warship with some kind of device with its planes.
47:52
Speaker 2: What is the odds that maybe China has done something
47:56
Speaker 2: like that also?
47:59
Speaker 3: China, there was a recent, I forgot, FT, Wall Street Journal,
48:04
Speaker 3: or New York Times, they recently had an article on
48:09
Speaker 3: China and Russia working closely by China sending observers to
48:15
Speaker 3: the Ukraine battlefield to observe how the combat is unfolding.
48:23
Speaker 3: Of course, they pose it in such an ominous way,
48:26
Speaker 3: but that's just normal. Traditionally, that's what countries have done,
48:30
Speaker 3: send observer into existing conflicts so they could learn. China
48:36
Speaker 3: is definitely learning a lot from Russia on how to
48:40
Speaker 3: conduct a 21st century modern combat with drones and whatnot.
48:48
Speaker 3: For Black Sea, okay, so United States have been empowering
48:55
Speaker 3: Ukraine basically to challenge the Russian control of the Red Sea,
49:02
Speaker 3: particularly in the area of Crimea and Sea of Azov.
49:08
Speaker 3: There is a lot of quote-unquote Ukrainian drone attack, but
49:13
Speaker 3: everybody knows Ukraine is just a proxy. These technology plans,
49:20
Speaker 3: intelligence was all supplied by the United States. This is
49:25
Speaker 3: US carrying out on Russia. So Russia has responded and
49:30
Speaker 3: they responded by shutting down the port of Odessa. And
49:35
Speaker 3: now Ukraine is essentially a landlocked country. It can no
49:40
Speaker 3: longer use the port of Odessa to access the Black
49:44
Speaker 3: Sea and beyond. And that is going to be a
49:49
Speaker 3: problem both for the United States and more for Ukraine.
49:55
Speaker 3: Because first of all, the U.S. will not have any
49:59
Speaker 3: bases there. in the Black Sea to supply. You will
50:04
Speaker 3: have to either fall back on Turkey or maybe Romania, Bulgaria,
50:10
Speaker 3: those countries, but they will lose a foothold in the
50:16
Speaker 3: northern rim of the Black Sea because Russia just shut
50:21
Speaker 3: down Odessa. And I would not be surprised if Russia
50:26
Speaker 3: make a push If the war were to go on,
50:29
Speaker 3: Russia make a push to actually capture Odessa and then
50:34
Speaker 3: physically block Ukraine from the access to the sea. And
50:39
Speaker 3: then Ukraine is just a little rump country. They will
50:43
Speaker 3: lose a major supply line from the sea. They will
50:47
Speaker 3: now have to rely on overland route. Yeah, this is
50:52
Speaker 3: not a... The whole Ukraine war... who are getting fed
50:57
Speaker 3: with a lot of propaganda in the media about how
51:00
Speaker 3: Ukraine is turning the table, right? They're attacking the Russian refineries.
51:05
Speaker 3: You know, the Russians are running out of fuel. Now,
51:08
Speaker 3: these are minor nuisance for Russia. Like, yeah, yeah, it's
51:14
Speaker 3: a pain in the butt. Those refineries are going to
51:19
Speaker 3: be offline for a few months. But this is not existential, right?
51:24
Speaker 3: For Russia, this is like a mosquito bite for an elephant.
51:32
Speaker 3: They will swat it off and then move on. But
51:37
Speaker 3: right now, the war is turning existential for Ukraine. We're
51:42
Speaker 3: talking about whether Ukraine will survive as a state, as
51:47
Speaker 3: a viable political entity after the war. Increasingly, the answer
51:52
Speaker 3: is probably no. and I because right now one reason
52:00
Speaker 3: Russia has kind of been relatively light handed you know
52:05
Speaker 3: wearing a velvet glove when it comes to handling Ukraine
52:09
Speaker 3: is because Russia didn't want to make this like a
52:12
Speaker 3: full blown war this is why they call it a
52:15
Speaker 3: military operation because they don't want to put the strain
52:18
Speaker 3: on the Russian economy so they're going like they're going
52:25
Speaker 3: at like a very small fraction of their true strength.
52:30
Speaker 3: But what all these pinprick attack against Russia does is
52:35
Speaker 3: piss off the Russian public. And they will demand Putin
52:40
Speaker 3: to do something more drastic to put more hurt on Ukraine.
52:44
Speaker 3: And And that's probably what's going to happen. What's going
52:48
Speaker 3: to happen is Ukraine will be destroyed as a coherent
52:55
Speaker 3: political entity in Europe.
53:00
Speaker 1: Dave in the chat says, question for Carl.
53:04
Speaker 2: Why do you expect, I think he meant, what do
53:07
Speaker 2: you expect from Brixton in India next month?
53:10
Speaker 1: Any surprises?
53:16
Speaker 3: I don't think BRICS has a lot of expectation for
53:20
Speaker 3: India in the first place. I don't think the BRICS
53:27
Speaker 3: is based on their hope for the future riding on India.
53:33
Speaker 3: Right now, I think the whole BRICS strategy for India
53:36
Speaker 3: is just to keep India on its side. There's a saying,
53:42
Speaker 3: keep your friends closer, but keep your enemies keep your
53:46
Speaker 3: friends close, but keep your enemy closer. Well, India is
53:49
Speaker 3: like that guy kind of like, you know, you just
53:52
Speaker 3: want to keep a watch on him. Make sure he
53:54
Speaker 3: doesn't cause more problems. So you got to, at least
53:58
Speaker 3: by keeping India in the BRICS alliance, you kind of
54:01
Speaker 3: have to, you know, it's a way to keep an
54:04
Speaker 3: eye on them so they don't cause more mischief and
54:08
Speaker 3: make sure they don't gung over like 100% to the
54:12
Speaker 3: other side. which is not good either. So I think
54:18
Speaker 3: that's a whole added to a bricks tour India at
54:21
Speaker 3: the moment.
54:24
Speaker 2: You know, now let's go back to something about the
54:28
Speaker 2: grain and the food that the West Asian nations need
54:34
Speaker 2: and what is going on, the embargo and the war,
54:37
Speaker 2: how it's draining the coffers. and how the sanctions on
54:41
Speaker 2: Russia's import and grains and all of that stuff is
54:44
Speaker 2: going on. The United States, Israel purposely setting aflame Palestinian farmland.
54:53
Speaker 2: We see that Ukrainian forces are infiltrating North Africa, setting
54:58
Speaker 2: farmland on fire with U.S.
55:01
Speaker 1: Western help. And then we see... India's heart, what it's
55:06
Speaker 1: supposed to be.
55:07
Speaker 2: Now, I say that as a preface to this.
55:11
Speaker 1: The United States.
55:13
Speaker 2: Breadbasket area is suffering massive bankruptcies, and it's also suffering
55:21
Speaker 2: mass crop failures. How is this going to play in
55:25
Speaker 2: the empire when food becomes more scarce, more expensive, along
55:30
Speaker 2: with what's going on.
55:31
Speaker 1: With the expensive wars, the rise in interest rates, the.
55:37
Speaker 2: Expanding debt crisis, the expansion of war, how can the
55:41
Speaker 2: US maintain this, and how will this food shortage affect
55:47
Speaker 2: everybody globally?
55:49
Speaker 3: Well, actually, what's more likely is the world will be
55:54
Speaker 3: increasingly more chaotic, unfortunately. You know, nobody said that the
56:01
Speaker 3: road to multi-polarity is going to be a smooth one.
56:04
Speaker 3: And U.S. will probably act more erratic. They will probably
56:11
Speaker 3: latch out even more to try to preserve its hegemony.
56:15
Speaker 3: The food issue is a serious one because, you know,
56:22
Speaker 3: the world do derive a huge portion of its fertilizer
56:26
Speaker 3: supplies from the hydrocarbons resources in the Persian Gulf. You know,
56:31
Speaker 3: like the traditionally natural gas is used to make a
56:36
Speaker 3: lot of the chemical fertilizers. And the Persian Gulf, particularly Qatar,
56:43
Speaker 3: was exporting like 20% of the world's natural gas. Now
56:47
Speaker 3: that's been cut off. China is helping because, you know,
56:52
Speaker 3: China have switched to using coal. there will also be
56:56
Speaker 3: some relief from Russia because Russia has plenty of natural gas.
57:02
Speaker 3: Of course, United States will also try to cash in
57:05
Speaker 3: because US also has plenty of natural gas. But what
57:09
Speaker 3: happened in a world short of fertilizer is that the
57:14
Speaker 3: poor country will be disproportionately more affected Because we've got price,
57:21
Speaker 3: these oil, gas, fertilizers, they're all commodities. They're all like
57:26
Speaker 3: globally traded commodities. And in a bidding war, it's a
57:31
Speaker 3: rich countries with a lot more resources. They're going to
57:35
Speaker 3: win out. They'll just pay more money for these resources.
57:39
Speaker 3: You'll be the poorer countries. You know, I'm looking at
57:43
Speaker 3: countries like Philippines, Indonesia, India. they, they will get hurt
57:49
Speaker 3: the most because they will not be able to win
57:53
Speaker 3: the bidding war against rich countries for these now precious commodities.
57:58
Speaker 3: And you will be their farmers that will suffer. And, uh, because,
58:03
Speaker 3: because they will not be able to pay the high prices.
58:07
Speaker 3: You know, their, their, their economy is already on the brink. Um,
58:11
Speaker 3: it just needs a little shove to push them off
58:14
Speaker 3: the cliff. And, uh, Let's be real. The straight-up Hormuz
58:20
Speaker 3: crisis is likely to last a long while, and that
58:26
Speaker 3: is enough to push the world off the cliff, off
58:31
Speaker 3: the economic precipitous, into a world depression. Trump repeatedly said,
58:39
Speaker 3: I don't want to be Herbert Hoover to lead the
58:41
Speaker 3: world into a depression. Well, he's a Herbert Hoover right now.
58:44
Speaker 3: He's doing a whole fall on Herbert Hoover. And things
58:50
Speaker 3: are not looking good. I mean, things are not looking good.
58:55
Speaker 3: But despite what I said about US will be able
58:59
Speaker 3: to afford higher prices, it will still hurt Americans. I mean,
59:04
Speaker 3: somebody still has to pay the higher price at the pump.
59:08
Speaker 3: Because even though the US big oil companies are making
59:12
Speaker 3: a killing exporting, let's remember those oil gas are globally
59:19
Speaker 3: traded commodities. If the US oil majors they will find
59:23
Speaker 3: it more profitable to export them. They will. That means
59:27
Speaker 3: there will still be shortage and higher prices domestically. Because
59:32
Speaker 3: what happened is this is how USA is set up.
59:36
Speaker 3: This is a feature, not a bug. The oligarchs running
59:40
Speaker 3: the big oil companies, they will be even richer. And
59:45
Speaker 3: everybody else is paying the price for it. This is
59:48
Speaker 3: called the privatizing the profits. socializing the cost, right? And
59:55
Speaker 3: that has been the game forever in the United States.
1:00:00
Speaker 3: All the big oil majors that has funded Trump's political campaign,
1:00:05
Speaker 3: they're making out like a band-aid right now. Everybody else,
1:00:09
Speaker 3: including average Americans, are paying the price for that.
1:00:18
Speaker 1: Okay.
1:00:18
Speaker 3: Okay.
1:00:18
Speaker 2: Let me pose something to you for a second, just
1:00:21
Speaker 2: something just out of.
1:00:24
Speaker 1: What normal people or what the average person would think.
1:00:28
Speaker 2: OK, say, for instance, the food prices go up and
1:00:32
Speaker 2: what you refer to as the rich nations, we see
1:00:35
Speaker 2: them in financial constraints right now. And the British pound
1:00:39
Speaker 2: is tied to the US dollar. The Euro is tied
1:00:42
Speaker 2: to the US dollar. You and I were just talking
1:00:45
Speaker 2: about the debt situation and how nations are moving out
1:00:48
Speaker 2: of the US dollar. So if the US dollar is
1:00:52
Speaker 2: no longer the single world's reserve currency or the exclusive
1:00:58
Speaker 2: reserve currency and other nations can use China's system or
1:01:02
Speaker 2: use another system, Wouldn't that level the playing field with
1:01:08
Speaker 2: the U.S. and the so-called Western nations to bid on
1:01:11
Speaker 2: it because these other nations, the so-called poor nations, are
1:01:14
Speaker 2: actually rich nations that are being exploited and they have resources,
1:01:19
Speaker 2: they have minerals that could be used as a basis
1:01:25
Speaker 2: for buying or trading or bartering for food? Could we
1:01:31
Speaker 2: look at it like that also, that the West could
1:01:33
Speaker 2: lose out because they've relied so much on military power
1:01:37
Speaker 2: and they've relied so much on the dollar being the
1:01:41
Speaker 2: reserve currency, and when it's no longer that exclusively, the
1:01:45
Speaker 2: nations that have been condemned use their exploited goods, which
1:01:50
Speaker 2: are their resources, to bag their currency to outbid the
1:01:56
Speaker 2: so-called Western nations to get the necessary food that we
1:02:03
Speaker 2: just assume.
1:02:03
Speaker 1: Would go to the so-called rich, quote-unquote rich nations?
1:02:08
Speaker 3: Yeah, that's a great question. As you mentioned, the so-called
1:02:14
Speaker 3: rich countries, particularly the United States, everything is so financialized, right?
1:02:20
Speaker 3: Everything is based on debt, on U.S. dollar debts. But
1:02:26
Speaker 3: there's a real world out there. There's a real world
1:02:29
Speaker 3: based on real resources. And BRICS countries, as we know,
1:02:33
Speaker 3: in aggregate, they control more resources than the so-called international
1:02:40
Speaker 3: community that consists of United States and its facile states.
1:02:44
Speaker 3: And in this scenario, I think everything is in flux, right?
1:02:52
Speaker 3: Like the old game, the old financial game doesn't apply anymore.
1:02:58
Speaker 3: The game that Scott Besson has been raised in no
1:03:03
Speaker 3: longer applies anymore.
1:03:06
Speaker 1: It will be a.
1:03:10
Speaker 3: Grab for resources. But I want to put a caveat
1:03:15
Speaker 3: is in such a situation, United States is more likely
1:03:19
Speaker 3: to use this military power to make for a resource grab,
1:03:24
Speaker 3: like what they did in Venezuela, right? You know, For example,
1:03:30
Speaker 3: this is because U.S. oil refiners have been set up
1:03:37
Speaker 3: to refine heavy crude, whereas the type of oil that U.S.
1:03:43
Speaker 3: has been digging out from the ground, the shale oil
1:03:47
Speaker 3: from the fracking, that's a different type of crude, this light,
1:03:51
Speaker 3: sweet crude. Now, the light, sweet crude is actually easier
1:03:55
Speaker 3: to refine, but... for profit reasons, the U S traditionally
1:04:02
Speaker 3: U S oil majors, I invest a lot to build
1:04:05
Speaker 3: these refinery along the Southern Gulf regions that takes heavy
1:04:13
Speaker 3: crude because the heavy crude, they, they, they cost less
1:04:17
Speaker 3: to purchase. So they take the heavy crude and crack
1:04:20
Speaker 3: it to make gasoline, diesel, jet fuel, et cetera. And,
1:04:25
Speaker 3: That way, the oil majors can make a bigger profit
1:04:29
Speaker 3: because they're taking the cheap, heavy crude, refine it, and
1:04:33
Speaker 3: sell it at a higher price as a refined product
1:04:36
Speaker 3: of gasoline, diesel, and jet fuel rather than purchasing light,
1:04:43
Speaker 3: sweet crude, which would fetch a higher price. But the
1:04:48
Speaker 3: problem is that means the United States cannot effectively make
1:04:52
Speaker 3: good use of all the light crude oil that it
1:04:56
Speaker 3: digs up from fracking. That's why U.S. is exporting those
1:05:01
Speaker 3: light crude and importing heavy crude to be refined in
1:05:05
Speaker 3: the U.S. refineries. Now, this is a reason that went
1:05:09
Speaker 3: after Venezuela, because they needed the Venezuelan heavy crude to
1:05:14
Speaker 3: maintain their profit-making schemes. And in the scenario that you outlined,
1:05:22
Speaker 3: United States is likely to throw its weight around militarily
1:05:30
Speaker 3: to make a resource grab. And it will lead to
1:05:36
Speaker 3: an increasingly more unstable world, you know, particularly in areas
1:05:42
Speaker 3: like Latin America, because, you know, that's now baked into
1:05:46
Speaker 3: the new Pentagon doctrine. The U.S. wants to have the
1:05:50
Speaker 3: down-road doctrine, right? They want to dominate the West Hemisphere. And,
1:05:55
Speaker 3: you know, something to watch for is upcoming Brazilian election
1:06:02
Speaker 3: because Brazil has always been the prize. You know, Venezuela
1:06:06
Speaker 3: is just a stepping stone for United States. The real
1:06:10
Speaker 3: prize in Latin America is Brazil because it's the largest
1:06:13
Speaker 3: economy in Latin America. And Brazil itself is also an
1:06:17
Speaker 3: oil producer. And, you know, this is why people before
1:06:24
Speaker 3: the United States had so much riding on Bolsonaro. The
1:06:29
Speaker 3: way they got Bolsonaro in the presidency is because they
1:06:35
Speaker 3: had Lula jailed. They put Lula in jail, right? And
1:06:39
Speaker 3: so something to watch out for is the upcoming Brazilian election,
1:06:45
Speaker 3: because Brazil is also politically... divided countries the same way
1:06:50
Speaker 3: that United States is. There's a lot of influence of
1:06:53
Speaker 3: Christian evangelicals in Brazil. So if you look at the
1:06:58
Speaker 3: Brazil political invites, it's almost like 50-50. And one thing
1:07:05
Speaker 3: that United States is still very good is at propaganda,
1:07:10
Speaker 3: at regime change, color revolution, all that CIA dirty war stuff.
1:07:16
Speaker 3: They will likely... continue to lean more on their strength,
1:07:21
Speaker 3: so to speak, because now the U.S. military power is cracking.
1:07:26
Speaker 3: Now they're going to have to fall back on their
1:07:30
Speaker 3: forte in sabotage, in regime change, color revolution, all the
1:07:37
Speaker 3: CIA tactics all around the world. You'll probably see a
1:07:43
Speaker 3: lot of another place to watch is other global South
1:07:49
Speaker 3: countries that also fellow BRICS member, like Indonesia, right? Like recently,
1:07:55
Speaker 3: if you have been on social media, on YouTube, you
1:07:58
Speaker 3: will see a lot of YouTube videos, a lot of
1:08:02
Speaker 3: explainer on why Indonesia is in trouble, blah, blah, blah.
1:08:06
Speaker 3: So in all these countries, US still retain outsized influence
1:08:12
Speaker 3: and US is likely to activate their their own fifth column,
1:08:19
Speaker 3: their own resources to try to flip, to do regime
1:08:25
Speaker 3: change in those countries and to exert influence that way.
1:08:30
Speaker 3: So unfortunately, you're right. I mean, if the global South
1:08:35
Speaker 3: countries just get together and form a resource cartel like
1:08:43
Speaker 3: the way the OPEC was, You know, they could have
1:08:46
Speaker 3: a lot of more bargaining power, but I'm afraid that
1:08:49
Speaker 3: United States would do everything to prevent that from happening.
1:08:54
Speaker 3: You know, there will be a lot more color revolution,
1:08:58
Speaker 3: regime change, political change. assassinations going all around the global
1:09:05
Speaker 3: South countries as U.S. trying to desperately trying to cling
1:09:09
Speaker 3: on to its global hegemon status.
1:09:14
Speaker 1: You know, I won't keep you much longer, but I.
1:09:17
Speaker 2: I do believe exactly what you're saying, but I also
1:09:20
Speaker 2: believe that America is not the America she was 20
1:09:22
Speaker 2: years ago.
1:09:23
Speaker 1: She doesn't have the time.
1:09:25
Speaker 2: She doesn't have the political capital, the geopolitical capital, and
1:09:29
Speaker 2: she does not have the financial capital to continue all
1:09:33
Speaker 2: of these things because, as you said, a resource grab.
1:09:37
Speaker 2: What if that resource grab affects China's national security? China
1:09:42
Speaker 2: is not the China of 30 years ago. China will
1:09:44
Speaker 2: defend its national interest. Look what happened in Ukraine. Russia
1:09:49
Speaker 2: is defending its national interest. Look what happened in West Asia.
1:09:53
Speaker 2: Iran is defending its national interest. And look what's happening
1:09:56
Speaker 2: across Africa that does not get any view. We see
1:10:01
Speaker 2: Chinese advisors and Chinese weapons coming to nations that are
1:10:05
Speaker 2: trying to free themselves from colonial rule. We see Russian
1:10:10
Speaker 2: private corporations coming in to help train and give... or
1:10:18
Speaker 2: sell weapons to nations that are trying to be independent
1:10:21
Speaker 2: and trying to recapture their sovereignty and their resources and
1:10:25
Speaker 2: their funding against these color revolutions and these terrorist attacks
1:10:29
Speaker 2: and all of this. So America is, she's still trying
1:10:33
Speaker 2: to do that, but now we see Russia, we see China,
1:10:37
Speaker 2: we see Iran, we see other nations now fighting reaching
1:10:42
Speaker 2: out and stretching their hands, tying it with African nations,
1:10:45
Speaker 2: which are tying their hands with Latin American nations, which
1:10:48
Speaker 2: are now trying to beat back America because the clock
1:10:52
Speaker 2: is ticking with the American empire. So she doesn't have
1:10:55
Speaker 2: the freedom financially. She doesn't have what she once had.
1:11:00
Speaker 2: As a matter of fact, while you was talking, I
1:11:02
Speaker 2: put this into the Google search engine. Farm policies from.
1:11:09
Speaker 1: from 20, I.
1:11:09
Speaker 2: Mean, in 2026 in the US, across the US. And
1:11:13
Speaker 2: this is what it says right here. Is there a
1:11:15
Speaker 2: farm crisis expected to occur in 2026? The AI overview says, yes,
1:11:22
Speaker 2: the agriculture sector is experiencing a significant economic downturn and
1:11:27
Speaker 2: financial stress in 2026. Now, before I go further with this,
1:11:33
Speaker 2: remember that this is domestic and America might have plans
1:11:37
Speaker 2: internationally But when things go wrong domestically, she's going to
1:11:42
Speaker 2: have to defend her homeland. There's an old African proverb
1:11:47
Speaker 2: says that, and it talks about, and I don't want
1:11:55
Speaker 2: to misquote it because I often say it a lot.
1:11:57
Speaker 2: It says, he who defends everything defends nothing. And if
1:12:02
Speaker 2: there's no enemy within, the enemy without can do you
1:12:06
Speaker 2: no harm. America has not had that enemy within. And
1:12:11
Speaker 2: now with the influx of inflation, the disagreements, the cultural disagreements,
1:12:17
Speaker 2: the political disagreements, she now has a monster that is
1:12:22
Speaker 2: metastasizing within her own borders. She's dealing with a cancer
1:12:25
Speaker 2: that is eating away at the American empire and the
1:12:28
Speaker 2: American republic.
1:12:29
Speaker 1: And let me go a little further, Carl, and I'll
1:12:31
Speaker 1: have you to address it. But it says, Yes, the
1:12:35
Speaker 1: agricultural sector is.
1:12:36
Speaker 2: Experiencing a significant economic downturn and financial stress in 2026,
1:12:42
Speaker 2: driven by multi-year low commodity prices, high production costs, and
1:12:47
Speaker 2: rising debt. While some experts debate whether it is a
1:12:50
Speaker 2: full-scale systemic crisis or an intense contraction, Chapter 12 farm
1:12:56
Speaker 2: bankruptcies jumped 46% in 2025 and 2026, and net farm
1:13:04
Speaker 2: incomes continue to compress. Now, that is on top of
1:13:08
Speaker 2: Russia's being sanctioned. America thought that she would get that good,
1:13:15
Speaker 2: valuable land, and Ukraine, now Russia has it. All of
1:13:19
Speaker 2: this is going on, and we see the Baba Mandel
1:13:22
Speaker 2: straight closed, the Red Sea is practically closed, we see
1:13:25
Speaker 2: the Black Sea closed, we see the Persian Gulf literally closed,
1:13:30
Speaker 2: and we see The Strait of Hormuz closed. So again,
1:13:35
Speaker 2: the time is not on America's side. She may attempt
1:13:37
Speaker 2: these things, but you have an equal power, China, that
1:13:42
Speaker 2: is not going to let them trample on their interests.
1:13:45
Speaker 2: You have Russia that is showing that they're not going
1:13:47
Speaker 2: to let them do it. And now you have other
1:13:49
Speaker 2: nations that are forming union states like Mali, Niger, and
1:13:57
Speaker 2: Burkina Faso to push back imperialism. How can America maintain
1:14:03
Speaker 2: when this is a new world, a new paradigm where
1:14:07
Speaker 2: she no longer exercises unlimited power?
1:14:12
Speaker 3: The unipolar moment is already over. We are in a
1:14:16
Speaker 3: multipolar world right now as we speak. This is why
1:14:21
Speaker 3: we see America scrambling, trying to put out fire, trying
1:14:25
Speaker 3: to assert it's still the top dog in the world,
1:14:29
Speaker 3: but Everyone could see that it's increasingly constrained, increasingly resource constrained.
1:14:37
Speaker 3: And the seam is coming apart. And as you say,
1:14:42
Speaker 3: there is a lot of pressure on U.S. internally as well.
1:14:48
Speaker 3: The U.S. economy is right now, they went all in
1:14:52
Speaker 3: on A.I. they're like, screw the farm, screw actual manufacturing.
1:14:59
Speaker 3: Let's just put all our hope on the AI that
1:15:03
Speaker 3: the AI will save us. I doubt that's going to work.
1:15:09
Speaker 3: The whole premise of their AI dominance is that, you know,
1:15:14
Speaker 3: this AI will replace all the white-collar workers. Oh, well,
1:15:17
Speaker 3: that would do great for unemployment. I mean, it just
1:15:22
Speaker 3: does not compute for me. And the fact that all
1:15:26
Speaker 3: the hundreds of billions of dollars that plow into the
1:15:30
Speaker 3: AI infrastructure will be obsolete in a few years because,
1:15:34
Speaker 3: you know, all this money are going to purchase stuff
1:15:36
Speaker 3: like NVIDIA GPU chips. Those little things, those computer equipment,
1:15:42
Speaker 3: they get outdated in a couple years very fast. And
1:15:48
Speaker 3: that means, what do they do? They have to keep
1:15:49
Speaker 3: on buying more? Well, that's NVIDIA's game. They wanted people
1:15:52
Speaker 3: to buy more. But it's... They're not making money out
1:16:00
Speaker 3: of it. They're just throwing more and more money into
1:16:02
Speaker 3: this single. So eventually, that's going to break too. And
1:16:07
Speaker 3: You know, you're correct to point out that U.S. system
1:16:10
Speaker 3: is already under a different kind of strain. And this
1:16:15
Speaker 3: is not sustainable. This is the theme of our talk
1:16:18
Speaker 3: from forever. I think it's just a matter of time
1:16:24
Speaker 3: for the whole house of cards to crash down. And
1:16:27
Speaker 3: you're right. China, Russia and the BRIC countries are already
1:16:32
Speaker 3: have a roadmap. for alternative world order. This is the
1:16:37
Speaker 3: whole reason for the Belt and Road Initiative. China is
1:16:41
Speaker 3: investing in infrastructure all around the world, particularly in the
1:16:45
Speaker 3: global south. So the world is oriented away from a
1:16:50
Speaker 3: US dominated, a financialized world, but more geared toward real things,
1:16:58
Speaker 3: real things being made. And the real things are being
1:17:02
Speaker 3: made in China. that's where the future is being manufactured
1:17:07
Speaker 3: right now. So, yes, we can either look at this
1:17:11
Speaker 3: as a glass half full or glass half empty situation.
1:17:15
Speaker 3: So the glass half full view is, yes, the alternative
1:17:19
Speaker 3: to the US-dominated world order is being put in place
1:17:24
Speaker 3: right now, brick by brick, Pong intended. But the glass
1:17:31
Speaker 3: half empty point of view is, there will be increasing
1:17:36
Speaker 3: bump on the road as US increasingly lash out its
1:17:41
Speaker 3: last ditch effort to defend its hegemony by creating chaos
1:17:46
Speaker 3: all around the world. Now, both views are true. Both
1:17:49
Speaker 3: views can be true at the same time. So this
1:17:53
Speaker 3: is what makes our world interesting at this moment. We're
1:17:56
Speaker 3: in a period of great transition, a transition out of
1:18:01
Speaker 3: a a U.S. dominated, you know, the Western dominance that's coming,
1:18:13
Speaker 3: finally coming to an end. Let's be real. You know,
1:18:17
Speaker 3: what U.S. is often represent, the U.S. hegemony often represent
1:18:22
Speaker 3: is the Western dominance over the globe. the last couple
1:18:27
Speaker 3: hundred years and that is coming to an end more
1:18:30
Speaker 3: and more people is now coming to the realization even
1:18:34
Speaker 3: the gardener himself joseph borrell has said that you know
1:18:38
Speaker 3: the world dominance the west dominance is coming to an
1:18:42
Speaker 3: end and uh and i i tell you man there's
1:18:45
Speaker 3: no way his garden will win against the jungle because
1:18:49
Speaker 3: island in the midst of a jungle oh the jungle
1:18:53
Speaker 3: always win because jungle actually has life and vitality you
1:18:56
Speaker 3: know garden you have to like keep on cultivating it
1:19:00
Speaker 3: like meticulously taking care of it and and and you
1:19:03
Speaker 3: know if you neglect it for the too long your
1:19:06
Speaker 3: garden will you know will get run over but jungle
1:19:10
Speaker 3: all the jungle need is the sun and water and
1:19:14
Speaker 3: you will outgrow everything so the time for the garden
1:19:18
Speaker 3: is over the jungle will will will dominate so that's
1:19:23
Speaker 3: my last words.
1:19:25
Speaker 2: Thank you so much carl for joining me man i'll
1:19:28
Speaker 2: send you the video a be safe be blessed and
1:19:30
Speaker 2: have a wonderful weekend and and nurture that arm also.
1:19:35
Speaker 3: Thank you. Thank you, Rasheed. Anytime.
1:19:37
Speaker 1: Bye-bye now.
1:19:38
Speaker 2: All right.
1:19:38
Speaker 1: All right.
1:19:39
Speaker 3: Bye-bye.
1:19:40
Speaker 1: Everybody listen. Hit the like button. Subscribe. Share this.
1:19:45
Speaker 2: Also, channel members, Patreon members, we have new video, new
1:19:50
Speaker 2: articles coming out.