Gal Luft, co-director of the Institute for the Analysis of Global Security and senior adviser to the U.S. Energy Security Council, says the country’s political class is “like a bunch of kids running around with guns shooting all over the place without realizing what they’re actually doing.”
This is why you should have never trusted Leftists communists network CNBC
They are Anti America
$ RIP.
Sanctions are commerce, people don’t stop eating just because Corrupt globalists America wants it.
People are resilient, there are always ways.. US is now left in the dark by half if the planet.
As I have said so many times in the past, the USA is too often stupid… besides being bloodthirsty, greedy, power-hungry aggressors. They, we, because I am a U.S. citizen, are really going to hate when China’s Renminbi becomes the world reserve currency! We will have it worse than all the countries the USA has destroyed.
It baffles me the present crop of American politicians who are hell bent to undo that great country. This is not the approach their leaders past took to make America great. Engaging in policies they think is in America’s interest and not knowing it’s harmful to their greatness. The global dedollarzation threat is real and coming at a time America is in yearly staggering deficit of $2t is something economists see world wide including America’s, but their politicians don’t see is most astonishing. Smart leaders because of this are moving away from America. Omg! I never believed this will happen and at a time the country is so divided.
Zero marginal cost…live within 1s means…welcome to ww3 coming to a nation near you…the not so great reset is 1 big human mouse TRAP!!!
Amazing this news not censored yet
The US is in the sweet position with US currency as the international foreign reserve. When US starts to use sanctions and weaponized US currency against other countries, victimized countries will starts to find alternating way to trade with one another, bypassing the US medium of exchange and mechanism on international trade. Weaponizing finance will haunt US by undermining the dollar’s role as world currency. The U.S. dollar as a default currency will soon lose its dominance position in international foreign reserve for trade. The US currency is going to lose its monopoly as the foreign currency of trade and exchange when the US starts to weaponized and impose sanctions on other countries. The US makes an agreement with Saudi Arabia to use US currency in return for security. Nearly 80 percent of global oil sales are priced in dollars, and since the mid-1970s the Saudis have exclusively used the dollar for oil trading as part of a security agreement with the U.S. government. With Saudi Arabia ditching the US dollars for oil sales to China in Yuan, the US global dominance will be greatly diminished with more countries follow suit because of US actions and sanctions in crippling their economies.
@Akil Bonner well say china sells more oil bc it doesn’t use much oil it doesn’t change anything
@Akil Bonner Petro dollar is why so basically any time oil sells it goes up
Every country is trying their best to avoid using USD anymore. Causing sanctions after sanctions. America had been using this kind of bullying to control other countries, and no one had been able to sanction USA!
@Soo Tuck Choong we own the corporations so it’s like not doing business and Russia didn’t bring in much anyway so a few rubles not selling a big Mac and sure you can try to go around well buy more stuff from china bc if you get extra noodles they know and location also
@Bow Tyeso? Does owning a bigger corporations make you proud of it? Pathetic
Its why countries have their own currency the USA inveted fiat monopoly ponzi dollar scheme to dominate exploit n ethnically cleasne in the same manner the country came about to create their Empire of the illusion of Exceptionalism
The consequences of de dollarization will be catastrophic to us economy and ‘and for the global economy too’.
That statement is funny. 😂
What’s funny about it?
The US has a USD 30 trillion foreign debt today and it already lost the ability to repay it.
Sanctioning Russia, it’s the equivalent of sanctioning the dollar!
its only a matter of time .. D-dolllarization…..
1 in 10 countries is sanctioned by US….. do you really want Dollar ??? as a foreign currency…Countries come on…. Time has begun to think and act straight or else US will be no more what it used to be…… Biden is making fools of american and increasing it debt…
When it abolish petro dollar, it will create the Amero currency.
Isnt banning Russia from swift supposed to be a financial atomic bomb? Dont feel like that to me since Russia is still standing. Worse Ive seen is their billionaires losing a few yachts or soccer club.
De-dollarisation is the need of the hour and countries should and will learn to lead their economies without the dollar sooner or later. Sure there will be some hard times for a while but that will be for good. Be it China,Russia,belarus,india,bangladesh and other asian and central asian states, they are looking at this situation and its clear that US is done for now even the arabs are making new alliances and ignore brandon’s calls so yeah de dollarisation
Say “bye bye” to the US empire.
Are you joking about institutional setup 0:55 😁😁in USA and other countries have bitcoin as examples plus , countries can exchange their own currency ,
USA and their slave trading roots…
Will never change!!! LoL
This is unnecessary fear mongering. US can sanction the shit out of every country on this planet if it wants and should.
Good point. China is probably selling most of it’s 3 trillion worth of Treasury already though what they’ll do with it, where they will store the value, is anybody’s guess.
What goes around comes around.
For once cnbc show some common sense.
This will encourage the use of cryprotcurreny by governments.Hopefully
In the end, America will run out of countries to invade. I pray Venezuela escape the US imminent military invasion conquer the world’s largest petroleum deposits there. It’s how they finance their budget deficit.
And who will sanction this bully God on earth, USA, for all kind of it’s illimited crimes against humanity. USA is the only who used nuclear bombs, against Japan. Now ridiculously criiticize Put of killing civilian. If has minimum shame, the minimum which USA has to do shut up. It iscthe last who can give lessons to anyelse, even to worse criminals.
its too late…when the banker takes the customers money because of politics, he is not a banker anymore. You cant fix stupid and investors will not stand for a breach of trust, no matter how much return you offer, if the funds can be seized, confiscated, frozen or sanction…you can kiss the worlds ass America, that jig is up.
World should get rid of Petrodollars for good.
Let the fake wallstreet then collpase on its own
Finally, someone who has a brain has spoken up. The world will be a better place without using US dollar.
US toilet paper.
“The rest of the world is probably not set up to accommodate a de-dollarised world”. That is the damning predicament. The world needs to junk the dollar and just bear the pain. The US dollar is enslaving the west.
The day the US has been toppled is when peace will finally break out across the world, and billions people will finally have the jackboot lifted off their throats.
The damage is done even if the US drops every sanction right now.
I believe you are correct, it’s more of the damage to the “trust” people and countries have of the US. Non-sanctioned countries know they can be inflicted down the road with no recourse.
Typical DYSFUNCTIONAL Screw Up Yanky Politicians
Other countries have their own interests too. Why should they trust the US who can sanction n threaten others at will!
India is dependent on Russia for its military supplies. It wanted to go with the west but always received a could shoulder for the past 70 years. We asked for computer chip manufacturing and we got ‘lays’, ‘ruffels’ and ‘pringles’. We asked for weapons like B83, reaper drones, assault rifles, F-35 (denied and now India built its own Tejas and very soon the AMCA will be built), M777 Howitzers (we have our Dhanush now), Abrams tanks (we have Arjun MBT now), Ohio class submarines, tomahawk and patriot missiles but we’re denied and India has built several missiles on its own (Agni, Prithvi, Trishul, Aakash), aircraft carriers. But all were refused and India has been spending decades to build these in its own.. then India asked for nuclear power plants and again a no..We asked for cryogenic engines for its space program but we’re denied.. thankfully Indian have made them on its own. India asked for GPS at a critical juncture and it was denied and we have our own Navic. India is still not a permanent member of the security council due to western hypocrisy. The west has very restrictive entry into their countries denying visas..and yet those who managed to get there have shown their commitment to the west.. so India doesn’t need to take sides..or I would say it is taking its own side..India is against wars, and has seen no attempts on either side to stop. One must also not forget the genocide commited by the US in the Bhopal Gas tragedy where half a million people had been massacred in 1984 and no compensation was ever paid.I believe that it’s best for the world to leave India alone if it can’t be helped..we can and will help ourselves..and it is not fighting either for the Russians nor for the west..and lastly this is a RACIAL war and EU/NATO would like to take over both Ukraine and Russia and resurrect the Third Reich in the northern hemisphere and dominate the world..we can’t be parties to racist ideologies and will have to fend ourselves. India can and will take its own decisions and it needs no explanation.
Both India and China have gone through just about everything that you said. Yet US has not finished suppressing them. I reckon they should join forces for world peace and innovations.
Theres a difference between US dollar losing monopoly status and losing dominant currency position. The Yuan is not going to be preferred to dollars. But it is true that US might not have a stranglehold over the global financial system under a de-dollarised world. And that oil can be invoiced in yuan, rupees down the line etc
Sanctions are good for America. Put more sanctions please. People around the world can use dollars other than US.
America is run by renters who are trashing the place on their way out for eviction.
i think many nations of the world is trying ( and should be doing ) to find alternative.. ”not just because of sanction issue’s” but also because they can see the the currency of a dying indebted old beggar ”the US” will be no more sooner than you think.. they need to stay clear and be as far away as possible.. when the silly bugger rots over night releasing a horrific stench you don’t want to be near…
US Sanctions are joke.
Btc is there to kill all fiat
Or maybe the masterminds know exactly what they are doing, they want to destroy everything then have a Reset.
Joe Biden should do more and is obligated to do more to secure the southern border of Mexico in the United States and Joe Biden should do more and is obligated to do more about restoring Law and Order in the United States of America. Joe Biden should do more and is obligated to do more to follow the Constitution of the United States instead of want to change everything the man is non compliant when it comes to being constitutional the man exhibits anti-American judgment and decisions.
Oh yes, this gentleman gets it. We are run by immature satanic children
Get rid of dollars
Everyone’s acting like the US are the ones invading Ukraine. You guys need to wake the hell up, Russia was warned for months they would face sanctions, what would be happening if Russia was actually winning and not getting dominated by Ukraine? What the hell is the point of Russia invading it wouldn’t achieve anything even if they were winning. One of the worst decisions in the history of mankind. Putin Single handedly exposed Russia’s weak performing military and set his country back a generation depending on when he leaves
Jalil Barkhas
hace 0 segundos
And why USA not saction it’s criminal NATO member Erdogan. As USA perfectly knows, Turkey committed and still do every day all kind of crimes against humanity and nature including the use of chemical weapons. Example, TURKEY OCCUPY ILLEGALY BY FORCE NORTH CYPRUS SINCE 1974, but not only the bully USA and EU not sanctioned Turkey and not send weapons to Cyprus to fight Turkey as today do with Ukraine, but, on the contrary Turkey still recieves their military and economic aids.
So, would the bully USA and EU were sanctioned Putin for his actual war against Ukraine and send Ukraine military weapons to fight Russia, if Russia were member of NATO, like Erdogan????? 100% Sure they wouldn’t! The ruslt, the bully USA has no credibility, because follow double standards.
It’s not a contradiction. America spends $750Bn on its military every year to ensure that other countries do as it says. People thought this delusion of a rules based order and we are all a global community. That is hilarious and dangerous. America is an empire and it rules the world (or in liberal speak, the uni-pole). These “risk free” bonds aren’t risk free because America is the “safe” haven. They are risk free because America is the largest military in the world and countries who want to mess with that status will discover very quickly the ruthlessness of the Anglo regime. The Japanese found out very quickly what happens to people who piss off the American political class.
America just uses liberal rhetoric to conceal their imperial ambitions and make them more palatable. Spreading democracy if its Republicans. Humanitarian intervention if its Democrats. World domination is now referred to as Global Leadership. Ask the Guatemalans, Chileans, and Iranians what they think of Americans spreading democracy. Ask the Syrians, the Libyans, and the Serbians what humanitarian interventions look like. Do I blame the Americans? Nope. It’s what empires have done from the beginning of time. The problem with the American foreign policy approach is that it pretends to be everyone’s friend overseas after it conquers their countries. The Mongol Empire did not do this. The Mongols were very clear when they took over other nations/people: have your leaders bend the knee to the Khan, pay your taxes to the Empire, and you get to keep your customs and traditions. If anyone resisted, everyone in the village died. The Mongols made it clear who were the conquerers. The Americans try to install their customs onto other countries after they conquer and the only people who are on board with this are the people who get bribed to pay lip service, evidenced by Afghanistan. I suppose the American cultural approach is a way to break people’s historical attachments and try to uproot it because America is only 250 years old and other nations have thousands of years of tradition to compete with and America cannot beat nations at that game so it tries to not have to play it. The “end of history” encapsulates this strategy.
If America was serious about imposing its will on the rest of the world, it would just do what the most successful empires have done and stop paying lip service to these liberal delusions. But it can’t because that would pierce the appearance of “liberal democracy” as the cajole to impose on the vassal nations of the US. Western Europe is the European vassal of the American empire. It was the spoils of winning the Cold War. If Western Europe dares get uppity with its American masters, it will be left to be eaten by the Russian Bear. So they know better and now they must buy high price natural gas from America as America has recently completed its LNG terminals in the Gulf Coast and needs buyers. American Empire is winning its not losing.
2022 , the year US screwed itself by weaponising Swift and USD.
Why not? America First! USA is right to do anything to anyone, any country, anywhere for their own interest. That why they hosted 24 wars in 70 years since WWII.
We need to be concerned with the right for men to clothe themselves in tight dresses with make up and finger nails, the BLM movement, the rights of the strong and independent women and spreading democracy (not invading) to other countries. That is what will guarantee our bright future. Everything else is Russian propaganda :). This way WHEN things go wrong it won’t be our fault 🙂
I thought Trump was mad, Biden is worse.
You are hurting Russia economy, but in what cost? The US is destroying your own fundamental winning edges:
Rule of law,
Democracy,
Private ownership,
Personal freedom,
Freedom of expression.
credibility and accountability.
This is going to be a pyrrhic victory.
Lmao😂🤣😂🤣😂
they will shut up and buy our bad debt or we will drop freedom bombs on them.
China’s army is more advanced than the US army.
Chinese work their ass off saving the their hard earned low wages instead having better quaility of life. Their government then use the capital surplus to buy US treasury bond (ie. lend US money) so that the Americans could indulge by buying goods made by the Chinese. When the debt gets too big, the US could just impose sanctions, which is like saying “Too bad, too sad, I ain’t paying you back”!
No trade in the future world then. Why would you want to trade with someone who doesn’t pay you back? Shame the West is only 10% 0f the world. I doubt Asia will miss it. The West is fading, no matter how often you like to paint it. Having lived in Asia, it came over as a very dynamic part of the world with a ‘can do’ attitude.
Yes they are like kindergarten kids
One day soon the whole world will put the USA on ice and it won’t be able to sanction its way back into prosperity.
The trend to dedollarize has just started. Why should nations put their foreign reserves money into US swift, that can be sanction and stolen at any time.
Peace through Strength. We need to focus on the Strength part.
US politicians and voters don’t care and don’t understand.
Keep printing money. Keep spending money.
They don’t care they just want to get re-elected, take advantage of their position while they are there and think it won’t be their problem later when things blow up
we are going to paint ourselves into a corner, or rather sanction ourselves into a corner ..
The USA caused this war by attempting to put troops and weapons in Ukraine. No different than If Russia tried to put weapons in Mexico.
Bottom line is the world has nowhere else to go. We’ve been hearing about de-dollarization for years. Yet every time there’s a crisis, even originating in the US i.e. 2008, the Dollar goes up.
These countries have nowhere else to put their money..Crypto? LOL…The Euro is basically pegged to the USD and Germany’s export driven economy. The Yuan. as long as the CCP is in power, it’s books are closed and it’s currency is not freely transferable nor convertible, they will never become a reserve.
Besides, what is US debt? Bond and treasury bills that are redeemable for what? US Dollars, that we print…It’s all a joke! The US GDP is only 9% reliant on International Trade and most of that is within NAFTA.
Even OIl and gas, the US has more than enough for itself.
In fact, the only reason shale and other Oil and Gas supplies dried up in the US is through regulation and cheap prices. But those babies can be put back online in a heartbeat!
If the world stopped buying US debt tomorrow, the US would be just fine! It’s the rest of the world that would be in trouble….
SHEEP – STAY OUT OF THE LIGHT – DO NOT LET BIDEN PULL AN OBI-WAN KENOBI ON YOU….
Biden out riding his bicycle over the weekend while “People are dying” in Ukraine, you the Citizen of the USA in a disaster economy / fuel cost the highest in US History / Inflation Highest in US History / China and India supporting Russia, world financial transition taking place – and Biden is on Holiday every weekend – vote this fall 2022 and lets Sweep the House and Senate, for sure / sweep – the White House in 2024 – Sleepy Joe has to go….
Joe has to go – “Sheep Joe” you think Trump as bad – it was all made up by the Dems, but Biden, he and his son are in the Russians Pocket, China’s Pocket, Ukraine, and many other nations – how do you think Hunter got all his jobs, and why was Biden “The Big Guy” receiving checks from Hunters deals – you better watch out for Biden, he’s only looking out for him self….not you…
Biden is at fault “DO NOT LET” Russia and Ukraine take away from the actual facts – Biden day one went to war with the Fossil Fuel Industry and day one, all cost started going up…day one….Biden has no care about “YOU” The US Tax Payer, the USA Citizen, their goal is to as Biden noted “Work it out” we will “Work it out” Fossil Fuel – his direct statement, and how are they going to do it – by cost, their goal is to drive the cost per gallon up to over $10.00 and force you “US Citizen” to purchase an electric car – its their goal and they do not care about the additional cost this causes “Inflation for everything” due to transportation and operations cost impacting companies…..
Biden – Hiding in the weeds – does he really think doing the same to China that he did to Russia will work – if you cross this line, I will shake my finger at you, “Biden” leader of the World Super Power, Lead – get off your butt, get away from the “WOKE” Green Beans – get to Europe, get to China and show Leadership, show leadership by sending more troops to Europe, more Task Force Groups to China Sea, protect the Nations that we said we would protect, like Ukraine….Be 100% ready to use our Military and not caught unprepared.
Biden India – Slap them to the curb – same as China, limit their access to the USA Market – request all US Manufactures there pull out, if India is going to support Russia than pull the economic cord from the USA – use our Market, if they want access to the worlds largest market – then play by our rules….
Biden – Pull your head out, all you need to do is message —- Say it, and then action – Oil / Natural Gas Cost drop and Inflation Drops – its all connected, sorry you did not pass an Economics Class and neither did AOC and the Squad…
We the USA are going to continue the construction on Keystone Pipeline and add to it, double its capability…and make it happen / get to work…Support US Jobs, and Canadian Jobs our partner next door…
We the USA will double oil and natural gas exploration and production and will expedite this process…
We will start the process on expanding Nuclear Power and began construction on new plants…
We the US will continue to explore and expand Solar and Wind Energy with a focus on energy storage to meet day and night demands with green options…
We will continue to support credits for EV Car purchasing (Tesla) which is the World Leader – will continue to expand its capability – Biden, you should connect with Elon the World Leader in EV – along with Space Technology (Space X) which you need both today, Elon is in your back yard and you continue to disrespect him,,,wake up Biden…..
We the US will start the process to expand solar on all new home and office construction – this is a plan, work on it Biden but it does not meet todays energy needs – that is Oil and Natural Gas along with Coal and Nuclear to keep the Economy rolling…todays need.
Message / action and oil cost drops / price at the pump drops / price for goods start to drop…its all connected.
MSM manufactured Consent works like a charm, especially to those on the left.
Them just making us think they really doing something greed .not going away sounds foolish to sanction chinusa.
Impeach the president before it’s too late. His cognitive skills getting worse by day, he has delusions are keeping him in disconnect from reality, incapacitated to drive any decision make situation in this country so bad that chances for recession are more than likely.
The US is an evil power. They sanctioned 10% of the world countries. It is impossible that all these countries are wrong and only the US is right
People USA, people by all world i hope you remember. War in Ukraine is a war against EU countries and against USA people. Please, everyone help to Ukraine.Close the sky over Ukraine. Stand up to defense Ukrainian people. People USA and government USA thanks.
It is very sad what is happening in Ukraine but it is the problem caused by the USA and NATO. They don’t want peace. They want to eliminate Russia and then China. Open your eyes mate!
Sanctions have cost USA workers untold billions of dollars in income over the years that could have gone towards their net income and families.
How
@mangonut If you can’t grasp the “how” then you are not qualified to be taught. how.
@Vin One how
AMERICA ARE GOING TO WAKE UP ONEDAY AND REALIZE KNOW ONE WANTS TO BUY THERE DEBT
I think we have reached that point. China has stopped buying US debt and has started a new banking, credit, and trade system that doesn’t use American dollars. It is spreading over Asia, Africa, India, Russia, Brazil, and Mexico has expressed interest in it. The Middle East is considering using Chinese yuan for pricing of oil.
Destroy the dollar give it back to them
The world must find a true solidarity together and create a new digital monetary system, not based upon interest bearing debt. Interest need not be applied to any loan for the loan itself to be beneficial… There is a way…
Easy solution…. tax the rich. Duh? Don’t need government debt when the rich finally pay their share
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Time to start family farming again America!!!!
Volodymyr Oleksandrovych Zelenskyy THE LEGEND
I love China! I look forward to when China is the undisputed leader in economics, technology, culture, military, and politics. Anyone who thinks incumbents are invincible and are here to stay forever, and that the US dollar is immortal…just look at the British Pound, the Dutch Gilder. The Portuguese, Spanish, Dutch, French, and British all had the most popular reserve currency of the western hemisphere for about 100 years each. Just ask the Romans from 1800 years ago when they decided to inflate and dilute their currency by putting less gold into their coins. Also, keep in mind that reserve currency status is usually the last characteristic to decline when an empire or world power declines as a whole. The British pound stuck around for a few more decades after the US economy had already surpassed the British economy before the turn of the 20th century. The final nail in the coffin for the British Pound was the Suez Canal Crisis after Eisenhower disagreed with Anthony Eden’s actions and the US sold off British debt securities. They linger on for a bit longer because it takes time for all the cheap liquidity/money sloshing around in the world economy that needs to be squeezed down before the new top dog currency moves up the food chain.
China’s a clusterfuck tbh
@mangonut LOL, if you say so…
US & NATO were just watching helplessly on how the Russians destroyed Ukraine and killing it’s people
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BETTER TALK MORE ABOUT HOW TO HELP THOSE HUNDREDS THOUSANDS HOMELESS AMERICAN SUFFERING EACH DAY FRM COLD, HUNGER N NEED PROPER MED CARE.
They have done it to Afghanistan Syria Venezuela Iraq and now Russia. When the USA uses the dollar like a weapon against those countries they don’t like who will trust the dollar. When those countries find a way it will be the end of USA and who will be responsible USA government
Silly fellow. That’s the point….
Is that it?
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As much as I hate to admit it, the US is a bully. We bully everyone- to our allies, our enemies, and everyone in between. We sanction our closest friends while our politicians threaten them. Perhaps the end of US hegemony is not just a good thing, but also the right thing.
Folks who see things clearly!
Who are these douche bags? Former RT employees
America with over 30 trillion dollars debt is going to sink into oblivion. Well done Biden you mental idiot lol 😂
America is desperate losing control. Biden claims today “US shall lead the new world order”. This will lead us into WW3 🙁
US still have these kind of analyst
well .. if this is true, then it is in the best interest of russia to prolong the attack for another 10 years.
The US is a power in decline, run by clowns 🤡
Something is very awry in this administration and I now regret having voted for Biden.
Sanctions are largely for public consumption with so many loopholes that they are of limited value. Even these minimal limits are now too much for American oligarchs who are willing to sellout to Putin.
Sanction is shooting US itself on the foot!
Sanctions don’t work like politics.
140 countries had refused to sanction Russia! It was reported in Asia that this is what they called it a protest of the US in ‘silence’! Current bunch of US politicians are just a bunch of dumb f**ks! They are just like some dumb spoil brats of rich families where they didn’t realised that it took decades for the family to build up that reputation and wealth. US is now wasting that reputation and strength of the dollar that was build up since end of WW2!
That’s why they are robbing the world by promoting wars and conflict to sell more weapons and setting up puppet gov to gain more natural resources in extreme low prices ….lol…is the new era of colonization in some way …my dear …
It’s basic economy 101 and our congress doesn’t understand or they just don’t care.