Nima. You've developed a great channel. Important guests and you're a terrific interviewer. But can you bring back showing the date of the interview? To say things are changing by the day may be a bit of exaggeration, but not by much. Thanks for your work.:)
It’s a true privilege to listen to these two heavyweights riff off each other. Thank you gentlemen for sharing your wisdom and deep analysis. Thank you, Nima for facilitating this exchange.
This is very insightful, a free workshop by three rational and knowledgeable people. Thank you for the video. With love 💘 and respect from Mozambique 🇲🇿.
This discussion with Richard D. Wolff and Michael Hudson is incredibly insightful! Their analysis of Russia’s new crypto exchanges and the broader economic implications is both timely and thought-provoking. It’s fascinating to see how these developments could reshape global economic dynamics. Great channel; great video.
Waiting US out is exactly what China will do. Read the book 'Cultures Consequences'. US is a short-term oriented, individualistic culture. China is a long-term oriented, collectivist culture. Think about what that means regarding waiting the US out. They think of the long term of their civilization and nation and people. The US thinks of the short term economic benefits to its elites. Its a class hare-turtle race...
The last thing that's needed is a BRICS central bank. Michael is a central planner/statist. No wonder he has gone into meltdown over the idea of a "Russian Bitcoin", which I'm not sure anyone is proposing.
Setting up a cryptocurrency exchange isn't the same thing as creating a cryptocurrency. True, a centralized exchange - whether public/state or private - means that assets can be tracked, frozen, seized, etc. But the currencies as such, if like Bitcoin and many others they are decentralized, remain decentralized.
Yeah... I had to get the shots because of living circumstances, and I got sick for a month off of the second shot. Ideally, I would have waited to see what happens because it was so new and obviously experimental but wow. I never thought it would be as bad as it ended up being. But it is not as risky for older people, it is risky for really active people which is what I am and why I am not getting another covid vaccine in the USA again.
@@Redpoppy80 this is not accurate. LOTS of dead old people after the mRNA. I know some...it is designed to accelerate any "comorbidities" that someone has and a healthy person should NEVER get vaxxes of any kind. it will reduce your lifespan... can't believe someone as smart as Hudson is living in that misinformation bubble. I guess it is the tendency to trust the "experts":) but not all experts are created equally...
In the end Germany paid less than $5 billion after WW1. In 1924, British economist John Maynard Keynes argued that aiding our allies is more effective than sanctioning our foes. He was against making countries pay reparations. None of the countries charged with reparations ended up paying what was set out originally because of the poor economic situation after WW1 - they paid much less. America benefited from taking the markets of countries at war during WW1 and retaining many of these markets after the war. During the war, the US economy boomed due to one-way war trade to European powers.
And since WW2 they started 100 wars, coups, civil & proxy wars, selling them warfare and raking in the trillions for the few owners of the West and their bribed governments while the workers got poorer!
After listening to these i understand they can only think of the money system as debt. And yes all those problems will be when money system is based on debt, but what if a new money system is created on basis of No debt. All paid for by current gold holdings, or silver ,oil, wood, maize, pork,wheat or whatever the country produce. but on current assets in hand no future assets. So if you got 100kg gold you can only buy other product worth 100kg of gold.
Why has TH-cam made the comments a pitas ass to find? Did someone request that comments should be obscured by other videos? Fucking TH-cam is destroying itself.
at this point..YT will have only bots talking to eachother...it's so annoying.. I thought my Balkan "IP" is what put me on a list as "not allowed to share opinions" but your name suggests you're from USA..so..I guess....it's more to do with "wrongthink"
Unit has been vague up to now, and many BRICS have been using the BIS system mBridge which I thought of as a temporary measure until BRICS could come up with its own system. I'm seeing that in Dr Hudson's understanding that the private money power is again at play here. Hoping that this is not the product that BRICS is going to be saddled with, so will wait and see when we get to October.
Hallelujah 🙌🏻!!!!! The daily jesus devotional has been a huge part of my transformation, God is good 🙌🏻🙌🏻. I was owing a loan of $49,000 to the bank for my son's brain surgery, Now I'm no longer in debt after I invested $11,000 and got my payout of $290,500 every month…God bless Mrs Susan Jane Christy ❤️
Love the channel, watch often. But.. Michael does not understand crypto, I've been in crypto for almost 10 years now, he doesn't understand exchanges, on and off ramps and that crypto cannot be controlled as easy as he makes it sound.
These are the World's Two Best academic economists, explaining the True Historical Facts pertaining to finance, government policies and the detrimental outcomes of poor decisions made (in the name of a so-called democratic system of governing), affecting the majority of citizens of 'western' nation-states.
It is impressive Michael's devotion to staying effectively peerless in his studies and research that his sheer professional focus has prevented him from even hearing from Bill Gates himself that the gene therapy was ineffective and not worth holding the stock any longer. To those who would say you 'thought' he was smart because of his choice don't really understand just how much of his thought goes towards inquiry in his field(s). It is all of it and this is a tragically admirable attribute.
Michael Hudson is convinced the central banks is the answer. This is establishment thinking. The problem is the BIS. I suggest you find another economic scholar that does not carry the water of the BIS and the government central banks. Crypto is a representation of real value. To the extent that this value is backed and redeemable for Gold and Silver, speaks to it's financial viability as sound money.
In 1992, I was in a Moscow western products store. To my surprise, the cash register was chuck full of USA currency. Ones, fives, tens, twentys, fiftys and hundred dollar notes. Rubles didn't work in this one particular store.
Mr Hudson, with respect. You do not understand Bitcoin. Crypto is not Bitcoin. You are confusing some new digital currency with decentralized bitcoin. Bitcoin cannot be priliferated. There's no need for the US dollar, that's the intention. Your argument is very short sighted, I'd suggest a little more homework into what Bitcoin is. The whole intention is to not use the follar, SMH
What if you don't need to convert into dollars? What if you just need to buy from another place that uses other currency? This is designed to avoid effing dollars and stuff.
Germany paid reparations for ww1 until 2010, for 92 jears in total... 😮 i am really curious how many centuries todays endepted countries will pay back - and when (as they still enlarging dept for war business and ...) - or if.
38:20 In American lingo, I would describe the scenario as such: Imagine 2 Texas Hold'em Poker players left in a pot, player A, who is bluffing, and player B, who got the nuts. Now player A is raising a bit on every street, telling player B and the audience "I am gonna call your damn bluff, if I go all-in, you are gonna fold!" At the flop, both are already invested with a third of their stack. Player B knows that player A is bluffing, and says "I'm not bluffing, my hand is better than your's, better not go all-in, you will lose everything!" Small raises, and B calls them all. Now it dawns on player A that he is stuck, he knows he cannot go all-in to make player B fold, because both know who bluffs and who got the nuts. What would be the easiest way for A to cut the losses? Check/fold in case he is raised, or check to the river to hit a lucky card, maybe, but he would not raise on that hope, because B might have the nuts. So check, check, showdown, and everybody will have a laugh about A; or just fold before showdown, to hide the bluff from the audience at least. It looks like the more sane players in the US try the check-check-fold option, to not lose face; the less sane players want to check to showdown, or even put a bit more money in the pot, to check to showdown or fold on showdown, but 'show strength' just until before the bluff goes to showdown for the world to see. Throw more money away to simulate the appearance of strength to the audience. Player B is of course scratching his head, thinking "why is this fool giving me more money, instead of folding?" The totally crazy people are willing to go in to get B out of the pot. And this way lose all his money. Of course, in the real world, both sides would lose going all-in, but B could also not fold. But what if Russia is able to perpetuate the poker analogy, and pre-emptively put the opponent out, who is willing to risk it all with a bad hand, nuclear speaking? If the US thinks, Russia is not quite there yet, technologically, they might go all-in, before Russian capabilities grow further, and hope that Russia either chickens out, or will lose the exchange. But there are indications that Russia could strike the US with a minimal amount of damage to itself, and it us to late for the US to go all-in and 'win' in any way.
Being greeted by Kameltoe begging for money seems ironic as the US Brags about being some major Economy? The lost support for the US Dollar that has been apparent for 20 years, is now looking like they need to Panhandle to support the Commercials, that promote more defect spending?
@@iRelevant.47.system.boycott Yeah you'd think he'd have realized the political class that's the source of all the world's problems are people also so the real issue lies in the inherent selfish, greedy nature of humanity but he's an old traumatized Jewish guy so let him have this one thing.
What Richard says goes along with what I've been thinking. China will end up saving America from itself. Why? Because China will benefit from doing so, more than it would from not doing so.
Tariffs on China will just mean higher prices for everything in the USA... it's going to stifle an already struggling economy and push regular working folks that much more toward the brink, as they cannot pay higher prices for everything and will only be enraged more with gubmint and corporations. All the BS about "returning industry to America" and all that is so much bunk... we've spent the last 30-40 years exporting our manufacturing base to China... It would take decades to get it back... it's not something that can happen overnight... no more than you can plant a corn crop on Monday and harvest it on Friday... some things simply take TIME... AND as much as people might WANT "industry to return to America", there has to be ECONOMIC motivation to do it... Industry moved to China to take advantage of the ocean of cheap labor they had from a billion peasants wanting to move to the cities to work factories rather than "subsistence farming" rice as their ancestors did... they wanted a better standard of living and that only comes from wages. US companies also wanted to take advantage of the lax environmental and safety regulations environment in China compared to the US... which was created by onerous gubmint "overregulation" (which is another argument for another time-- at what level is gubmint regulation "overreaching" to the point it stifles progress and drives away industry or makes it unprofitable and uncompetitive with other nations? Where is the balance and how is it found?) SO corporations moved their production to China over the course of decades. They're not going to just "magically" move it back because Trump or anyone else SAYS so... labor in the US is still expensive and its hard to get good labor anymore, and good workers are even MORE expensive... and the regulatory environment is still onerous compared to other countries. So there's little economic incentive to relocate to the US when they've made record profits by movin to China, PARTICULARLY when it'd be relocating to a more expensive place to produce whatever they manufacture, and would be selling into a down and shrinking economy where demand or at least the ability to pay is shrinking... It's all the opposite if anything any GOOD businessman would do! Most businesses I think would simply decide to accept the tariffs while pointing very loudly at the gubmint and saying, "It's all THEIR fault you're having to pay more, that the economy is shrinking, and other businesses are laying off workers as a result!" and cause more uproar... probably precipitating a crash, honestly... we're SO top-heavy with debt in this country, not just the gubmint but municipalities and companies and individuals, that at some point some minor thing "upsets the applecart" and the whole thing tips over and collapses... Tariffs have never been anything but a brake on the economy... I remember listening to all the talk back in the 80's and early 90's about "FREE TRADE!!!" and how we MUST have it, do away with ALL the tariffs and import restrictions put in place over centuries, and let the MARKET sort it out... Well, we did most of that, and now that the "market" has sorted it out, it's not to the liking of some (big gubmint) so NOW they want to change it back, and changing it back isn't going to do much but cause a train wreck in an already faltering economy...
The coincidence here is that china’s next big forum is between Africa and China the focac which is on the 4th and 6 th September. America has huge interest in Africa.
Prof, Wolff, you had me the moment you referred to Boris Johnson, the former mayor of London, as ""that clown ... that idiot;" otherwise known as the quintessential "Fifi" of an emasculated US poodle, the poster child for how the UK political system as utterly crumbled into failure.😃
This channel is priceless. No better guests than Dr. Wolff and Michael Hudson. Thanks again, Nima!
Michael Hudson is a star ! Intelligent and humorous education.
Brave and Brilliant economists Dr Michael Hudson and Dr. Wolff 👏 👏
Thank you, Nima, for having Professor Michael Hudson a d Professor Richard Wolff on.
Nima. You've developed a great channel. Important guests and you're a terrific interviewer. But can you bring back showing the date of the interview? To say things are changing by the day may be a bit of exaggeration, but not by much. Thanks for your work.:)
Agreed 100% 💯 . The velocity of change is staggering. Rapturous.
Thanks Nima
Nima is a gentleman and a genius for managing to get these to giants together on the same program not once but multiple times, thank you nima
Thanks Nima and your guests: professors Wolff and. Hudson. Very educated refined people. The world should learn from them.
The comments about Cuba 🇨🇺 are on point! From Cuba 🇨🇺 ♥️ with love to Comrade Richard 🍻😊🖖
Awesome guests
It’s a true privilege to listen to these two heavyweights riff off each other. Thank you gentlemen for sharing your wisdom and deep analysis. Thank you, Nima for facilitating this exchange.
I would love to hear Hudson and Wolff discuss the work of Robert Brenner and Ellen Meiksins Wood on the historiography of the origins of capitalism.
Agreed 100% 💯 . Who said “don’t know your past, don’t know your future!”?
Great show guys...thank you all..
This is very insightful, a free workshop by three rational and knowledgeable people. Thank you for the video. With love 💘 and respect from Mozambique 🇲🇿.
Thank you for hosting two titans of economic and social policy.
2 powerful economists. Thank you!
Thanks Ima for one of your great informative & enlightening podcasts.❤❤❤
Always enjoy these two:) so damn smart...
Thank you Nima! Hudson and Wolff are intellectual power house.
Get Whitney Webb, Lena Petrova and Michael Hudson together Nima, love from South Africa.
Michael Hudson is the Chomsky of Economics - my opinion. I adore him.
It seems that the respected gentlemen have confused the digital ruble with the BRICS currency. These are fundamentally different things.
This discussion with Richard D. Wolff and Michael Hudson is incredibly insightful! Their analysis of Russia’s new crypto exchanges and the broader economic implications is both timely and thought-provoking. It’s fascinating to see how these developments could reshape global economic dynamics. Great channel; great video.
Great information, really appreciate you getting these two together and providing the content.
Nima, you put together another winner great great guests😊
Nima, if every speaker just used headphones with mics on it then the echo problem would be fixed.
The potential of Unimantic's platform is exciting, can't wait to learn more about them.
Great discussion ❤
all rent, interest, debt is slavery. period.
No" it depends on the strategy of Dept.
@@abdouj7116 no
@@abdouj7116 I'd say the majority of USA people carry debt and it's without strategy to gain. Most debt is bad.
Waiting US out is exactly what China will do. Read the book 'Cultures Consequences'. US is a short-term oriented, individualistic culture. China is a long-term oriented, collectivist culture. Think about what that means regarding waiting the US out. They think of the long term of their civilization and nation and people. The US thinks of the short term economic benefits to its elites. Its a class hare-turtle race...
The last thing that's needed is a BRICS central bank. Michael is a central planner/statist. No wonder he has gone into meltdown over the idea of a "Russian Bitcoin", which I'm not sure anyone is proposing.
These two together are like a Terence Hill, Bud Spencer blockbuster ❤
The idea would be not to promote off-ramps into dollar. Instead to develop a self sustaining and value based system which in itself is the new system.
Thank you Professor Wolff
Not Bitcoin, XRP..it works as a bridge currency. They are all Ripple partners, have been for 10 years. ‘They’ are Ripple
Of course it is. Why make a new bitcoin when you need to make an exchange
The USA is Toast... Too self serving.
The USA manufactures bombs and porno.
Setting up a cryptocurrency exchange isn't the same thing as creating a cryptocurrency. True, a centralized exchange - whether public/state or private - means that assets can be tracked, frozen, seized, etc. But the currencies as such, if like Bitcoin and many others they are decentralized, remain decentralized.
very good discussion
Why bother trading or just holding onto coins when you can let Unimantic's top bots make money for you? Sounds like a better option, right?
Michael Covid shots are dangerous. And now Covid is just like a cold at worst.
Yeah... I had to get the shots because of living circumstances, and I got sick for a month off of the second shot. Ideally, I would have waited to see what happens because it was so new and obviously experimental but wow. I never thought it would be as bad as it ended up being. But it is not as risky for older people, it is risky for really active people which is what I am and why I am not getting another covid vaccine in the USA again.
That is what I don't get, how hardcore anti-capitalists are falling for the Big Ph scam....
@@Redpoppy80 this is not accurate. LOTS of dead old people after the mRNA. I know some...it is designed to accelerate any "comorbidities" that someone has and a healthy person should NEVER get vaxxes of any kind. it will reduce your lifespan... can't believe someone as smart as Hudson is living in that misinformation bubble. I guess it is the tendency to trust the "experts":) but not all experts are created equally...
In the end Germany paid less than $5 billion after WW1. In 1924, British economist John Maynard Keynes argued that aiding our allies is more effective than sanctioning our foes. He was against making countries pay reparations. None of the countries charged with reparations ended up paying what was set out originally because of the poor economic situation after WW1 - they paid much less.
America benefited from taking the markets of countries at war during WW1 and retaining many of these markets after the war. During the war, the US economy boomed due to one-way war trade to European powers.
And since WW2 they started 100 wars, coups, civil & proxy wars, selling them warfare and raking in the trillions for the few owners of the West and their bribed governments while the workers got poorer!
US Empire is cruel and brutal and always has been a self-serving glutenous psychopath.
After listening to these i understand they can only think of the money system as debt. And yes all those problems will be when money system is based on debt, but what if a new money system is created on basis of No debt. All paid for by current gold holdings, or silver
,oil, wood, maize, pork,wheat or whatever the country produce. but on current assets in hand no future assets. So if you got 100kg gold you can only buy other product worth 100kg of gold.
Fantastic guests, thanks Nima
The assumption is that anyone in BRICS would want to exchange their BRICS for US $.
Does Michael know what he's talking about regarding cryptocurrency?
I don't think so. He thinks in the categories he knows from classical economics.
No, obviously not
Why has TH-cam made the comments a pitas ass to find? Did someone request that comments should be obscured by other videos? Fucking TH-cam is destroying itself.
at this point..YT will have only bots talking to eachother...it's so annoying..
I thought my Balkan "IP" is what put me on a list as "not allowed to share opinions" but your name suggests you're from USA..so..I guess....it's more to do with "wrongthink"
I agree with iron Mike.
Unit has been vague up to now, and many BRICS have been using the BIS system mBridge which I thought of as a temporary measure until BRICS could come up with its own system. I'm seeing that in Dr Hudson's understanding that the private money power is again at play here. Hoping that this is not the product that BRICS is going to be saddled with, so will wait and see when we get to October.
Isn't the New Development Bank, the BRICS Central Bank?
Hallelujah 🙌🏻!!!!! The daily jesus devotional has been a huge part of my transformation, God is good 🙌🏻🙌🏻. I was owing a loan of $49,000 to the bank for my son's brain surgery, Now I'm no longer in debt after I invested $11,000 and got my payout of $290,500 every month…God bless Mrs Susan Jane Christy ❤️
Hello!! how do you make such monthly, I’m a born Christian and sometimes I feel so down of myself 😭 because of low finance but I still believe God
Thanks to my co-worker (Carson ) who suggested Ms Susan Jane Christy
After I raised up to 525k trading with her I bought a new House and a car here in the states🇺🇸🇺🇸 also paid for my son's surgery….Glory to God, shalom.
She's a licensed broker here in the states🇺🇸 and finance advisor.
Can I also do it??? My life is facing lots of challenges lately
I'm afraid US neos will try to impose Sampson option on America
Love the channel, watch often. But.. Michael does not understand crypto, I've been in crypto for almost 10 years now, he doesn't understand exchanges, on and off ramps and that crypto cannot be controlled as easy as he makes it sound.
The brilliant minds
It’s not the European war, it it the European Union commission which is American along with Americans’ war against Russia in Ukraine.
In other words, Michael has no idea what the new BRICS currency will be. And no one else does, at this point. And that's fine.
It's a secret.
These are the World's Two Best academic economists, explaining the True Historical Facts pertaining to finance, government policies and the detrimental outcomes of poor decisions made (in the name of a so-called democratic system of governing), affecting the majority of citizens of 'western' nation-states.
It is impressive Michael's devotion to staying effectively peerless in his studies and research that his sheer professional focus has prevented him from even hearing from Bill Gates himself that the gene therapy was ineffective and not worth holding the stock any longer.
To those who would say you 'thought' he was smart because of his choice don't really understand just how much of his thought goes towards inquiry in his field(s). It is all of it and this is a tragically admirable attribute.
Feedback is when the microphone is beside or Infront of a speaker.
I am unclear. Please remind me what path of action leads most directly to an equipar globally that we can live with?
Michael Hudson is convinced the central banks is the answer. This is establishment thinking. The problem is the BIS. I suggest you find another economic scholar that does not carry the water of the BIS and the government central banks. Crypto is a representation of real value. To the extent that this value is backed and redeemable for Gold and Silver, speaks to it's financial viability as sound money.
The Yuan is the BRICS currency, surely. Cos they make everything. Just look at what the Saudis have done.
You guys really have no idea where this is going…
Americans can't access usd in Russia. You have to buy crypto or rubles to purchase a house in Russia
In 1992, I was in a Moscow western products store. To my surprise, the cash register was chuck full of USA currency. Ones, fives, tens, twentys, fiftys and hundred dollar notes. Rubles didn't work in this one particular store.
THE MEAN TEST - WHAT ARE THE COUNTERPARTY RISKS TO ALL THESE NEW FINANCIAL INSTRUMENTS?
Mr Hudson, with respect. You do not understand Bitcoin. Crypto is not Bitcoin. You are confusing some new digital currency with decentralized bitcoin. Bitcoin cannot be priliferated.
There's no need for the US dollar, that's the intention. Your argument is very short sighted, I'd suggest a little more homework into what Bitcoin is.
The whole intention is to not use the follar, SMH
I believe this cripto currency will be managed by BRICS Bank, and m members will own BRICS Bank.
Mbridge
What if you don't need to convert into dollars? What if you just need to buy from another place that uses other currency? This is designed to avoid effing dollars and stuff.
Germany paid reparations for ww1 until 2010, for 92 jears in total... 😮 i am really curious how many centuries todays endepted countries will pay back - and when (as they still enlarging dept for war business and ...) - or if.
Why is it any different than using theUS currency which is used by countriers all over the world? It follows intternational law unlike US currency.
Michael, "I have to go and get my Booster Booster Booster Booster Booster Booster Booster, bye!"
A question to ask Scott Ritter: What would happen if the United States lost two aircraft carriers in one day in the Mediterranean?
central banks are the verty issue in the first place. meet the new boss same as the old boss.
US can't figure out Russia so this currency must be worth more than the US expert is saying..!
38:20 In American lingo, I would describe the scenario as such:
Imagine 2 Texas Hold'em Poker players left in a pot, player A, who is bluffing, and player B, who got the nuts.
Now player A is raising a bit on every street, telling player B and the audience "I am gonna call your damn bluff, if I go all-in, you are gonna fold!"
At the flop, both are already invested with a third of their stack.
Player B knows that player A is bluffing, and says "I'm not bluffing, my hand is better than your's, better not go all-in, you will lose everything!"
Small raises, and B calls them all.
Now it dawns on player A that he is stuck, he knows he cannot go all-in to make player B fold, because both know who bluffs and who got the nuts.
What would be the easiest way for A to cut the losses? Check/fold in case he is raised, or check to the river to hit a lucky card, maybe, but he would not raise on that hope, because B might have the nuts.
So check, check, showdown, and everybody will have a laugh about A; or just fold before showdown, to hide the bluff from the audience at least.
It looks like the more sane players in the US try the check-check-fold option, to not lose face;
the less sane players want to check to showdown, or even put a bit more money in the pot, to check to showdown or fold on showdown, but 'show strength' just until before the bluff goes to showdown for the world to see.
Throw more money away to simulate the appearance of strength to the audience.
Player B is of course scratching his head, thinking "why is this fool giving me more money, instead of folding?"
The totally crazy people are willing to go in to get B out of the pot. And this way lose all his money.
Of course, in the real world, both sides would lose going all-in, but B could also not fold.
But what if Russia is able to perpetuate the poker analogy, and pre-emptively put the opponent out, who is willing to risk it all with a bad hand, nuclear speaking?
If the US thinks, Russia is not quite there yet, technologically, they might go all-in, before Russian capabilities grow further, and hope that Russia either chickens out, or will lose the exchange.
But there are indications that Russia could strike the US with a minimal amount of damage to itself, and it us to late for the US to go all-in and 'win' in any way.
1.02:40 😱
Maybe just buy in Russia and stay in Russia, BRICS countries.😊
Michael looks quite sick.. I hope his health is not deteriorating very quickly, he is too valuable.
Nah he looks great. He's 85 not 45
160 Countries will use it, and it can be traded in for gold to buy dollar
Being greeted by Kameltoe begging for money seems ironic as the US Brags about being some major Economy?
The lost support for the US Dollar that has been apparent for 20 years,
is now looking like they need to Panhandle to support the Commercials,
that promote more defect spending?
Chinese Aikido
Much respect for Professor Wolff, but I don't understand how he can be so delusional about Harris.
Richard is so sweet, God bless him, he still thinks votes matter. The people will rise up Richard just wait you'll see everything will be ok.
I hope you are correct.
Not to be negative, but I doubt the people would be able to arrange a pub-crawl if it was deemed undesirable by TPTB.
@@iRelevant.47.system.boycott Yeah you'd think he'd have realized the political class that's the source of all the world's problems are people also so the real issue lies in the inherent selfish, greedy nature of humanity but he's an old traumatized Jewish guy so let him have this one thing.
Richard isn't America where Germany was?
I’m sure that Russia has worked out all possible teething problems!! They went back to gold decades ago.
Please take a who knows economic matters like Richard please dont take other guy he himself do not only regarding what he is talking about
He talk just like a chatter box ueless
Where are the SUBTITLES Gentlemen? Thank-you
It was a live broadcast.
Buy XRP
What Richard says goes along with what I've been thinking. China will end up saving America from itself. Why? Because China will benefit from doing so, more than it would from not doing so.
I suspect thus is a canary in the coal mine as Russia and Iran work out a settlement of payments ahead of a bigger announcement in Kazan
Tariffs on China will just mean higher prices for everything in the USA... it's going to stifle an already struggling economy and push regular working folks that much more toward the brink, as they cannot pay higher prices for everything and will only be enraged more with gubmint and corporations. All the BS about "returning industry to America" and all that is so much bunk... we've spent the last 30-40 years exporting our manufacturing base to China... It would take decades to get it back... it's not something that can happen overnight... no more than you can plant a corn crop on Monday and harvest it on Friday... some things simply take TIME... AND as much as people might WANT "industry to return to America", there has to be ECONOMIC motivation to do it... Industry moved to China to take advantage of the ocean of cheap labor they had from a billion peasants wanting to move to the cities to work factories rather than "subsistence farming" rice as their ancestors did... they wanted a better standard of living and that only comes from wages. US companies also wanted to take advantage of the lax environmental and safety regulations environment in China compared to the US... which was created by onerous gubmint "overregulation" (which is another argument for another time-- at what level is gubmint regulation "overreaching" to the point it stifles progress and drives away industry or makes it unprofitable and uncompetitive with other nations? Where is the balance and how is it found?) SO corporations moved their production to China over the course of decades. They're not going to just "magically" move it back because Trump or anyone else SAYS so... labor in the US is still expensive and its hard to get good labor anymore, and good workers are even MORE expensive... and the regulatory environment is still onerous compared to other countries. So there's little economic incentive to relocate to the US when they've made record profits by movin to China, PARTICULARLY when it'd be relocating to a more expensive place to produce whatever they manufacture, and would be selling into a down and shrinking economy where demand or at least the ability to pay is shrinking... It's all the opposite if anything any GOOD businessman would do! Most businesses I think would simply decide to accept the tariffs while pointing very loudly at the gubmint and saying, "It's all THEIR fault you're having to pay more, that the economy is shrinking, and other businesses are laying off workers as a result!" and cause more uproar... probably precipitating a crash, honestly... we're SO top-heavy with debt in this country, not just the gubmint but municipalities and companies and individuals, that at some point some minor thing "upsets the applecart" and the whole thing tips over and collapses...
Tariffs have never been anything but a brake on the economy... I remember listening to all the talk back in the 80's and early 90's about "FREE TRADE!!!" and how we MUST have it, do away with ALL the tariffs and import restrictions put in place over centuries, and let the MARKET sort it out... Well, we did most of that, and now that the "market" has sorted it out, it's not to the liking of some (big gubmint) so NOW they want to change it back, and changing it back isn't going to do much but cause a train wreck in an already faltering economy...
The coincidence here is that china’s next big forum is between Africa and China the focac which is on the 4th and 6 th September.
America has huge interest in Africa.
Is Russia working with China to use the CCP-BIS developed CBDC infrastructure using the project mBridge hub? This is the question.
Dr. Wolff Secretary of State. Dr Hudson Secretary of Treasury.
It just means they have no idea what Russia and Iran cooking.
I've been considering new investment opportunities, Unimantic might be the perfect fit.
Did he just say take his covid shot??? Oh Michael
1 Bric coin = 50 grams of gold
Hi joe
Prof, Wolff, you had me the moment you referred to Boris Johnson, the former mayor of London, as ""that clown ... that idiot;" otherwise known as the quintessential "Fifi" of an emasculated US poodle, the poster child for how the UK political system as utterly crumbled into failure.😃
"a god who makes you pay" isn't that what collateral is for?