Underground Empire: How America Weaponized the World Economy

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  • Опубліковано 10 чер 2024
  • Henry Farrell and Abraham Newman in Conversation with Paul Krugman
    This event was recorded live on May 22, 2024.
    Underground Empire, a real-life techno-thriller by Henry Farrell and Abraham Newman, reveals how the U.S. controls a global web of surveillance, in the form of networks of fiber optic cables and banking systems, giving it enormous economic power. Farrell and Newman show how these channels, weaponized after 9/11 but now used as a matter of course, have become realms of spying and coercion over foreign businesses and countries, allowing for U.S domination. Paul Krugman - Nobel laureate in economics, columnist for The New York Times, and distinguished professor at the CUNY Graduate Center - speaks with the authors about their investigation and the geopolitical implications of the power they uncover. Farrell is a professor at Johns Hopkins University and editor-in-chief of The Monkey Cage blog at The Washington Post; Newman is a professor at Georgetown University and also co-author of the book Of Privacy and Power: The Transatlantic Struggle Over Freedom and Security.
    Presented with the Stone Center on Socio-Economic Inequality.
    For more information about our events, visit: www.gc.cuny.edu/public-programs

КОМЕНТАРІ • 274

  • @PhiloSurfer
    @PhiloSurfer 6 днів тому +79

    Who is the biggest rogue state in the world?
    Which regime is not a signatory to the Rome Statue?
    Which regime threatened to sanction the ICC despite not signing the Rome Statue?
    Which regime is using UNCLOS to claim freedom of navigation despite not ratifying UNCLOS?
    Which regime shredded the multi-lateral JCPOA on Iran?
    Which regime walked away from the Intermediate-Range Nuclear Forces Treaty?
    Which regime walked away from the WHO (and then walked back)?
    Which regime did not sign up for the Kyoto Protocol and the Paris Agreement?
    Which regime has the most cases with the WTO, and when found guilty decided to hobble the WTO by blocking the appointment of judges to the WTO's Appellate Body?
    Which regime passed the "Invasion of The Hague" Act so that it can invade The Netherlands should the ICC decide to prosecute its politicians and soldiers for war crimes?
    The list goes on.....
    Which is why this regime and its chihuahua vassals are always shouting "rules-based order". This is just the regime's way of not conforming to international laws as embodied in the UN Charter and other multi-lateral institutions as it is the biggest breaker of international laws. Instead the rules base order allows it to cook up some rules (which has never been published) and order the rest of the world to obey. If this regime breaks its own rules, it just ignore the rules and move on.

    • @gmw3083
      @gmw3083 4 дні тому +1

      "First, we take Manhattan, then we take Berlin."
      They did. That was a century ago. You know who they are...
      Keeve was a recent speedbump. They took Babylondon centuries ago. They've wanted Moscow for centuries. They won't get it.
      Europa: The Last Battle.

    • @RS-uh7rz
      @RS-uh7rz День тому

      50¢

  • @jax10x
    @jax10x 6 днів тому +145

    Why do you believe that the USA adheres to any rule of law? We are neither blind nor foolish. The numerous instances of U.S. interference in international infrastructure demonstrate that the USA doesn't honor the rule of law. The Huawei ban, in particular, USA held the world back by five years to compensate for their technological shortcomings. The USA’s behavior resembles that of lawless feudal robber barons. China deeply cares about laws. Look at the Palestine issue. The rest of the world is trying to find a solution within the rules of law and it's the USA and West who are committing genocide breaking all rules of law.

    • @marktrinidad7650
      @marktrinidad7650 6 днів тому

      America has multiple reasons why it needs to stop Huawei. First Huawei is taking market share of Cisco, America just doesn't want their domestic champions to decline in revenue. Money is power. Lastly, the global intelligence spying are based using American networking equipment. Backdoors are made on Cisco routers so that FBI and CIA have direct access to the networking gears. American economic interests are threatened by China. China before was just making plastic toys and textiles. It didn't anticipate China to go up the value chain and threaten their profitable business endeavors.

    • @stacyMighty
      @stacyMighty 6 днів тому +5

      Very interesting

    • @resurrectingexcellence
      @resurrectingexcellence 6 днів тому +1

      What genocide?

    • @davidwalsh7418
      @davidwalsh7418 6 днів тому +7

      In Gaza​@@resurrectingexcellence

    • @sirrobinofloxley7156
      @sirrobinofloxley7156 6 днів тому

      Having watched China get loaded from 2003, the 'SARS Epidemic', what we were told is called 'The 2008 Crash' let me counter your claim about the Communists. I point you to Article 2 of the Constitution of the People's Republic of China... And, you're welcome.

  • @aliezhasa9490
    @aliezhasa9490 4 дні тому +8

    Professor Paul Krugman didn't know about what was going on.😳
    Now i am less surprised about how less the American public knows about the world.

  • @Questioneverything2050
    @Questioneverything2050 7 днів тому +57

    Too late, the world has moved on. Baffling how late they are to geopolitical dynamics. Brics are already discussing programs that are outside western influence

    • @Wickbam1985
      @Wickbam1985 7 днів тому +4

      The 2 biggest BRICS members are fighting border skirmishes with sticks

    • @jackyee7511
      @jackyee7511 6 днів тому

      A side issue, drama for the Western media ​@@Wickbam1985

    • @aryaman05
      @aryaman05 6 днів тому +1

      @@Wickbam1985
      ...with sticks, literally.😅
      But then you missed the context.

    • @skydragon23101979
      @skydragon23101979 5 днів тому +2

      @@Wickbam1985That is not preventing them from trading and both anti-US.

  • @ShahryarSaigol
    @ShahryarSaigol 5 днів тому +11

    Russia and China seem to have no problem going around these sanctions. They have done currency swaps with their trade partners and they are engineering their way around technological barriers. Eventually they will become totally independent of US controlled networks

  • @unreliablenarrator6649
    @unreliablenarrator6649 6 днів тому +57

    Holy crap, Krugman is such a fossil, 20 years out of date. No wonder the NYT loves him.

  • @MurrayLake
    @MurrayLake 6 днів тому +23

    The world is evolving at breakneck speed. Last fall Huawei announced it was building 7nm chips for their smart phones. Western experts said it would take China five to ten years to catch up to Nvidia. What happened? Only six months later Huawei started mass producing the 5nm Accent 910B AI chip using SAQP manufacturing technology (working with Sicarrier and Naura) . Now remarkably only two months after that announcement Huawei has filed patents for a revolutionary new 3nm chip manufactured using the quadruple patterning technology. The Chinese love a challenge. Its highly doubtful semiconductors are going to be a serious obstacle to Chinese industrial progress.

    • @igottaspeak
      @igottaspeak 5 днів тому +3

      My same thoughts when the U.S. began the sanction to stop China play.

    • @alexma3939
      @alexma3939 4 дні тому +1

      😂l guessed Mr.Sleeping Joe who took a wrong playbook in deep sleep

    • @voidisyinyangvoidisyinyang885
      @voidisyinyangvoidisyinyang885 3 дні тому

      technology is the opposite of evolution. Googlescholar "biological annihilation" to learn about what's happening to evolution.

    • @omar7396
      @omar7396 3 дні тому

      Who owns all these tech companies in China? Do you think that Us and old Chinese politicians are not involved in Chinese tech companies? How can Apple be more valuable than Saudi Aramco? Despite Apple not being an innovative company anymore? Samsung has a far more innovative company and sells more phones and has the bigger market and company. Apple sell old technology and has admittedly more profits by selling to costumers that's locked in their tech bubble. So why the big over valuation?

    • @voidisyinyangvoidisyinyang885
      @voidisyinyangvoidisyinyang885 3 дні тому

      @@omar7396 Oil giant Saudi Aramco on Wednesday surpassed Apple as the world's most valuable firm. Aramco's market valuation was just under $2.43

  • @alagna
    @alagna 5 днів тому +11

    im blown away that krugman is clueless that the us moves against wuawei didnt not constitute war by economic moves- stunning he was so out of touch what the heck was he observing for the last decade!!

  • @anonymousanonymous1997
    @anonymousanonymous1997 6 днів тому +30

    Absolutely not worth watching unless you’ve lived under a rock the past 20 years.

    • @tuw2528
      @tuw2528 6 днів тому

      China gdp per capita is on par with poor African countries 😂😂😂

    • @JacintaPalerm
      @JacintaPalerm 5 днів тому

      Right

    • @JacintaPalerm
      @JacintaPalerm 5 днів тому +1

      ​@@tuw252850 years ago maybe

    • @casteretpollux
      @casteretpollux 4 дні тому +1

      Or, if you've never read the wikipages on Marx or Lenin.

    • @shiulai5804
      @shiulai5804 3 дні тому

      Who lives under a rock?
      Those who are AFRAID to hear the truth and run away from it.

  • @unreliablenarrator6649
    @unreliablenarrator6649 6 днів тому +43

    Guys, Huawei is shipping millions of Mate 60 phones with indigenous chips. Working at scale. Case closed.

    • @albertcadgame8314
      @albertcadgame8314 6 днів тому

      what do u mean "working at scale" ?

    • @tuw2528
      @tuw2528 6 днів тому +1

      China gdp per capita is on par with poor African countries 😂😂😂

    • @chriswong9158
      @chriswong9158 5 днів тому +7

      @@tuw2528 China’s GDP grew 5.2% in 2023, USA decline 2.5 GDP 2023. Wow, African are doing much better then the U.S.A. in 2023.... China PRC should continue to support Africa. fact check first !!!
      China's Q1 GDP grew 5.3% in the first quarter compare to USA 1.3% GDP of 2024.
      Another strew to US. Petrodollar’s dominance agreement U.S. & Saudi Arabia expired June 9, 2024

    • @cmkon3792
      @cmkon3792 4 дні тому

      ​@@tuw2528Wow, such ignorant comment.

    • @belindalee6349
      @belindalee6349 4 дні тому +1

      @chriswong9158 true figures are much worse for ccp. You'll only see what they want you to think

  • @Tim145Tim145
    @Tim145Tim145 6 днів тому +23

    The US has too many of these people without any Tech and engineering background to make policy. For any Tech people, there is always a tech solution to these so-called economic weapons. These weapons only work in small states that lack technology depth.
    China loves sanctions, which means previous dominant players have given the market share to me. I fixed the problem, I have the market.

    • @stevekaylor5606
      @stevekaylor5606 4 дні тому +1

      U.S. Ministers and Western think tankers are too immersed in money market theory and imperial geo-politics to consider - how to build concordance with the BRICS process, and then put together a New economic Development Architecture, which will benefit all nations!

    • @omar7396
      @omar7396 3 дні тому

      Are they any tech solution to the US governments god complex and obvious corrupt practices?

    • @Dollarrmb-pk6ub
      @Dollarrmb-pk6ub 3 дні тому

      It's politic, it does not need technical or logical.
      If the political environment is so negative. Any politicians will goes with the flow. Otherwise it will be the end of their careers

    • @stevekaylor5606
      @stevekaylor5606 3 дні тому

      @@Dollarrmb-pk6ub Leaders must introduce better policies - to promote prosperity and peace!

  • @unreliablenarrator6649
    @unreliablenarrator6649 6 днів тому +24

    Now they are quoting Yellen, who is a miserable failure. [headslap]

  • @rmnair90
    @rmnair90 5 днів тому +5

    Somebody should tell the moderator that he is exhibiting great disrespect towards the audience by presenting the sole of his shoe to them. And then he wiggles his foot as if to signal the pleasure he is deriving.
    Disgusting.
    Imagine if he were to put his feet up on the table in front.
    This moderator should be restricted to podcasts.

  • @ramstrong1961
    @ramstrong1961 6 днів тому +11

    Inside China Business: China isn't dumping dollars, they're dumping banks

    • @Kingofthehill84
      @Kingofthehill84 4 дні тому +2

      USD reserve currency will come to an end in coming years from now.

    • @stevekaylor5606
      @stevekaylor5606 4 дні тому

      @@Kingofthehill84 Probably sooner - unless there's a 1933-like Bankruptcy Reorganization for the IMF System, there will be a reverse leveraged blowout of $2 thousand trillion!

    • @stevekaylor5606
      @stevekaylor5606 3 дні тому

      @@Kingofthehill84 We are unable to..

  • @wmgodfrey1770
    @wmgodfrey1770 7 днів тому +23

    Meat of THIS discussion begins at about 11 to 12 minutes.

    • @kraz007
      @kraz007 7 днів тому +1

      Fast forwarding...

    • @ManPursueExcellence
      @ManPursueExcellence 6 днів тому +5

      11:00

    • @aaabbb-py5xd
      @aaabbb-py5xd 6 днів тому +2

      ​​​​​​@@ManPursueExcellence I thought starting at 11:00 would cause people to dismiss the talk as astrological musings. Having listened to 14:34, I now think it's much worse. Apparently, some pro-american bum of a guest is delivering a scheming narrative to both exculpate America and to better arm America.

    • @ManPursueExcellence
      @ManPursueExcellence 6 днів тому

      @@aaabbb-py5xd 😂

    • @stacyMighty
      @stacyMighty 6 днів тому

      Very interesting

  • @infoseeker1187
    @infoseeker1187 6 днів тому +23

    The adversaries are not only developing ways to circumvent the sanctions.
    They also take the cue that these "financial weapons" are legitimate ways to apply pressure on the west, now and in the future when they are more and more powerful.

    • @childsname7294
      @childsname7294 5 днів тому +1

      my goodness, you discovered the golden rule

    • @gmw3083
      @gmw3083 4 дні тому

      ​@childsname7294 But the ziomurican west never did

  • @unreliablenarrator6649
    @unreliablenarrator6649 6 днів тому +12

    Actually, transcontenental & transoceanic cables are what Huawei does, not what the USA does. These guys are clueless about data com, but it's fun to hear oldsters marveling and the modern world.

    • @casteretpollux
      @casteretpollux 4 дні тому

      It's not age. I'm a 70 year old fine artist and I've known about this stuff for 20 years.

  • @HeatherHaymeer
    @HeatherHaymeer 7 днів тому +32

    One should be clear that Globalization by design is to advance the interests and profits of the powerful that is the western multinationals then. And indeed it has. The side effects of this is two folds: first the wealth generated by the Globalization of those multinationals is not distributed to those who lost in the process (namely like those in the rust belt and caused uprising of nationalism); second, those countries used to be poor now are benefited greatly from the Globalization like China. But unlike the benefits largely go to the multinationals in the west, China’s political and economical system enables itself to compete effectively against the west multinationals thus the West’s position at the top of the industrial food chain is challenged and crumbling. So the western multinationals can not make profits as used to and more nationalists demand for change. So what will de-globalization do? The multinationals have no choice but squeeze out more from even poorer countries or from those already unfortunate such as American workers. Economy is economy, it determines the political landscape, not another way around.

    • @Time4Peace
      @Time4Peace 6 днів тому +3

      Politics of course does affect the economy. It decides where money is spent. Instead of spending trillions on endless wars, it could fund infrastructure building, social and educational /training services to boost local economic activities. Globalisation needs not be the culprit for the plight of American workers if restructuring is more vigorously undertaken.

    • @stacyMighty
      @stacyMighty 6 днів тому

      Very interesting

    • @albertplumer
      @albertplumer 5 днів тому

      Bank of International
      System exists in Manhattan ? Or did SWIFT replace BIS?

    • @casteretpollux
      @casteretpollux 4 дні тому

      ​@@Time4PeaceSimultaneously, globalisation has contributed to overproduction. Overproduction is a crisis that drives parties to war. Destruction of productive forces , including working population and factories, ends with (pre nuclear war) the winning state benefitting from post war boom ( and control of natural resources). The US is quite overtly preparing war against China because China is a trade rival and is " overproducing".

  • @unreliablenarrator6649
    @unreliablenarrator6649 6 днів тому +20

    So Krugman was ignorant about SWIFT? 😂😂😂😂😂😂😂😂

  • @Trials_By_Errors
    @Trials_By_Errors 4 дні тому +2

    Father of MMT, Paul is fundamental part of every policy that went wrong.

  • @KC-lc8dx
    @KC-lc8dx 6 днів тому +9

    Krugman? Isn’t he a mouthpiece for empire?

  • @sirrobinofloxley7156
    @sirrobinofloxley7156 6 днів тому +8

    And the octopus tentacle known as AIPAC?

  • @tnidub6665
    @tnidub6665 5 днів тому +4

    Nordstream sabotage not mentioned? Very odd

    • @casteretpollux
      @casteretpollux 4 дні тому

      Suggests that the speakers are manipulative agents.

    • @stevekaylor5606
      @stevekaylor5606 3 дні тому

      @@casteretpollux Even the German leaders are mum about Nordstream!

  • @chriswong9158
    @chriswong9158 5 днів тому +3

    39:00 HOW OLD is this "conversation" ??? Huawei has surpass 5G technology and now offer Worldwide, now in Middle East, ASEAN, Global South, Africa, even South America.... Huawei 6G technology is working in-house with China's space station. Huawei is the number one supplier of Communication Worldwide, even Germany is getting more Huawei. There is no secret in China manufacturing, is just Sales, Sales, Sales... In meantime USA is still operating at 3G/4G.

  • @antonyfrancis3247
    @antonyfrancis3247 4 дні тому +2

    What happened to the QUESTION PERIOD? Afraid to face your weaknesses? The 'PETRO-DOLLAR' is history. Your free LUNCH is over.

  • @unreliablenarrator6649
    @unreliablenarrator6649 6 днів тому +5

    Seriously, these guys are out of date. Simple fact.

    • @albertcadgame8314
      @albertcadgame8314 6 днів тому

      why only NOW making this kind of video which was supposed to be a decade ago ?

  • @renstein8210
    @renstein8210 День тому

    I’m astounded. Absolutely astounded. They are giving the introduction with an assumption that the audience does not link together economics, geopolitics, and conflict. I sure hope their audience is smarter than that.

  • @chriswong9158
    @chriswong9158 5 днів тому +4

    42:00 How well can China build to World Market Place: ask NASA, how's the Tiangong space station doing !!!
    That was right after the Wolf Amendment Act of 2011. Tiangong fully operation in 2022.

  • @waltme1
    @waltme1 5 днів тому +3

    😅😂 54:37 So in summation:
    1. The US government is in risk of overreaching by overly exploiting the Global financial Market and other Global systems that it “shepherds” on the basis of “National Security.”
    2. Several notable nations around the world have started divesting from the US economic infrastructure, and have actively begun taking measures to mitigate US Governmental influence and counteract the power of the US monetary system……But the Dollar 💵 is fine..the dollar will be fine.😅
    Ok then, I guess I’ll just ignore the following events bellow and carry on believing my retirement is in no “foreseeable” danger ⛔️ ⚠️🤞:
    - BRICS’ sudden urge to integrate & develop the SWIFT alternative called SPFS, in the aftermath of our heavy sanctions on Russian Banking System and the seizing of their financial assets.
    - Saudi Arabia ditching US Petro-dollar after nearly 50yrs and opting to trade in Euros, Yuan, Ruble & etc.
    - The 40 or so countries lining up to join BRICS, & who will be attending the Russia summit this year in October.
    - The Gulf-states/ heavyweights joining or gravitating towards the Shanghai Cooperation Organization (including Iran, Afghanistan and now our “esteemed ally” Saudi Arabia).
    - The European Union (notably France) welcoming “the return of multipolarity,” expressed during a state visit to China.
    - The 130 country representatives that attended the St Petersburg International Economic Forum (in spite of the way our news media make it appear as though Russia is completely isolated).
    - BRICS now represent roughly 37% of Global GDP and 45% of global population, compared to the G7’s 30% GDP and 10% of global population.
    I’m sure everything is fine, everything is just fine.😳😳😱😱😶😶

    • @timtrewyn453
      @timtrewyn453 5 днів тому +1

      With the US producing 13 million barrels of oil per day there are far fewer US purchases of Saudi oil than in the past, ergo not much need for Saudi Arabia to take dollars, or for a similar domestic production reason, to take rubles. It makes perfect sense for Saudi Arabia to deal primarily in Asian currencies, and, less so, Euros, that is, the currencies of its primary customers. This is a result of the oil independence of Russia and the United States. I'm not seeing what the loss is for the US on this point.

  • @alicefreelance2892
    @alicefreelance2892 8 днів тому +6

    To be sure, the cold war etc should be considered as economic in nature.

  • @horaciomoronta1165
    @horaciomoronta1165 4 дні тому +1

    To assume that we may continue dispensing sanction at what ever rate we want, with impunity, is silly. We are already feeling the consequences of sanctioning 40% of the world population. I am wondering how much more can we squeeze our lower classes before we see their discontent expressed violently within our cities limits, as we did in 60s.

  • @timtrewyn453
    @timtrewyn453 5 днів тому +1

    No. The speed of data transmission over fiber optics is dependent on the duration of the on and off pulses of light that comprise the 0's and 1's of binary code. This duration is a function of the transmitting and receiving electronics and the fiber characteristics. It is fast, but not "instantaneous". Watch the download bar creep across your screen some time. It does take time and "bandwidth" to transmit and receive data. That's why multiple fibers in fiber optic cables are a thing. That is how bandwidth is increased.

    • @casteretpollux
      @casteretpollux 4 дні тому

      Thank you. We intuitively know this ( apart from this panel ) but it's neat to have it explained.

  • @michaelcorner3861
    @michaelcorner3861 5 днів тому +1

    Using economic and technological dominance in order to increase both security and prosperity doesn't strike me as being a problem.

    • @casteretpollux
      @casteretpollux 4 дні тому

      Except that a) it leads to conflict and 2) it takes the food out of children's mouths.

  • @renstein8210
    @renstein8210 День тому

    The real issue with the sanctions that these two are not pointing out is that these sanctions are giving incentive for the rest of the world to reduce their dependence on these US controlled networks. Other countries have seen what these two are talking about for years.

  • @sp10071966
    @sp10071966 6 днів тому +3

    Its a book launch 😂😂😂

    • @casteretpollux
      @casteretpollux 4 дні тому

      Haha. I thought it was a retirement do. But you're right. And not just any book. A wanna-be best seller.

  • @calfstream123
    @calfstream123 4 дні тому +1

    When these guys switch into politics my eye balls start to roll, especially when they talk about what is in President Putins head, what he thinks, what he wants. How does he know? Is he a mind reader?
    …BTW… that old helikopter that went down in Iran was a an old American Bell. The two helikopter that made it safe through the fog were Russian

  • @RS-uh7rz
    @RS-uh7rz День тому

    So: The US provides enormously valuable financial services internationally. The US could decide to withhold these services from countries, like Russia, under extreme circumstances. (Isn't this old news?)

  • @kaimingraymondchoi9909
    @kaimingraymondchoi9909 7 днів тому +3

    To better understand how extensive and powerful is the network, I would suggest our friends to read the effort and influences behind the referandum of Brexit.

    • @casteretpollux
      @casteretpollux 4 дні тому +1

      Cambridge Analytica scam?

    • @kaimingraymondchoi9909
      @kaimingraymondchoi9909 4 дні тому

      @@casteretpollux yes

    • @marcconaghan1522
      @marcconaghan1522 2 дні тому

      @@casteretpollux That Cambridge Analytica was founded by Steve Bannon explains their ethos. They specialised in creating many types of customised internet ads, carefully designed to appeal to different psychologies and hidden from general view, with a loose relationship to the truth.

  • @knoxtan325
    @knoxtan325 4 дні тому +3

    “Rule of law” .???😂😂😂😂😂😂ah hahahaha

  • @user-mz3in7vo5b
    @user-mz3in7vo5b 6 днів тому +1

    The casualties are often well educated men/woman who get targeted by sanctions.

  • @KatyYoder-cq1kc
    @KatyYoder-cq1kc 7 днів тому +3

    Now let's Change it instead of re-hashing it??

  • @F.W.I.S.
    @F.W.I.S. 4 дні тому

    To anyone paying attention to geo-politcal events over the past 10 years and being famiiiar with Michael Hudson master thesis and book, Super-imperialism, this lecture appears to be late in coming advice and old news! This lecture should have been given to each successive Administration since 2000s advising them of the limits of Financial Sanctions and the dangers of imperial hubris!

  • @aurelius5961
    @aurelius5961 6 днів тому

    This is an essential step for NYC growth and markets. Key is Hyperledger in NYC. Its better to promote developing stronger partners who were left in dire circumstances in the cold war.

  • @user-wd3gt9dw5z
    @user-wd3gt9dw5z 6 днів тому +1

    Obama said you all now to help US to continue policing, however it is more logical to help Trumpists to make americans happy reducing the policing burden

  • @raymondkanda-kabamba9266
    @raymondkanda-kabamba9266 6 днів тому +1

    Money or generally any currency in it's transactive circulation should only be used in it's sacrosanct mission of neutral medium of exchange which should be acidified by turning it a means of punishment or sanctions of any kind whatsover, diplomacy could probably better play that rôle, .....

  • @shihuangqin9064
    @shihuangqin9064 5 днів тому +1

    Maybe the US is actively seeking kinetic responses from Russia and China, so ww3 can readdress wealth distribution besides eyeing for the Chinese and Russan owned properties and sovereign debt😂

  • @jamesnasmith984
    @jamesnasmith984 5 днів тому +1

    Has horse not already left the barn due to US hubris?

  • @uhu597
    @uhu597 5 днів тому +1

    If a certain country's political class were receptive of their theses, the world would be relatively more stable right now.

    • @RS-uh7rz
      @RS-uh7rz День тому

      I.e., these guys are pretty much full of bologna.

  • @chriswong9158
    @chriswong9158 5 днів тому +1

    What to see the New World of Commerce: October 2024, in Kazan Russia, call: BRICS+ 2024 Summit.
    They will detail the new members of BRICS+, new banking system, new loan payment system worldwide option choice.
    One Country can choose to or can just stay with the IMF, SWIFT and World Bank system.
    No New World Order, but peace thru Commerce.

  • @mahendraprabhu1606
    @mahendraprabhu1606 3 дні тому

    Interesting thoughts.

  • @stacyMighty
    @stacyMighty 6 днів тому

    Very interesting

  • @RS-uh7rz
    @RS-uh7rz День тому

    If the US systematically abused its influence over global finance, the developed democracies (EU, UK, Australia, Canada, Japan, S. Korea, Taiwan, Israel) would have developed an alternative financial system.

  • @Questioneverything2050
    @Questioneverything2050 7 днів тому +4

    The blind optimism about the dollar, most people understand the privilege and don’t want to be exploited, it’s not about alternatives that are valuable, it’s about life and death, keep being obnoxious

    • @RS-uh7rz
      @RS-uh7rz День тому

      I'm failing to see the exploitation. Are the US and EU exploiting Russia in imposing economic sanctions as a response to Russia's brutal war of aggression against Ukraine?

  • @billhammett174
    @billhammett174 5 днів тому +1

    Drpa beltway "startups" did not spur fiber optics - that was bell labs and a few SV companies. Go back to the fiber optic bubble of the 90's - s mirror image of the AI bubble today. The Noble Prize in Economics is a sham: the money should be redirected to early childhood learning in US inner cities....

    • @casteretpollux
      @casteretpollux 4 дні тому

      Nobel like Pulitzer has become cover for agents.

  • @lindahockham5081
    @lindahockham5081 3 дні тому

    I thought at first some of these people had understanding of what reality was. Then I started to see flaws in the thinking that was heavily blended with propaganda. By the end, I concluded it was mostly propaganda, with a pinch of thinking outside commonly held beliefs.

  • @chriswong9158
    @chriswong9158 5 днів тому

    36:00 The idea of US sanctioning specific product in a supplies chain is none exist, for "Option" ring in the chain whom use to supply 10%, will now carry 90% of said supplies chains need, thanks again to USA support of BRICS+

  • @hubreydavid7864
    @hubreydavid7864 3 дні тому

    All Empires only have a limited time to rule history have proved that over and over again and the time has come for a just new world order .The world will be ruled by a Multipolar world where the future generations will benefit. God bless the human race. 🙏

  • @dawnshire2069
    @dawnshire2069 6 днів тому +1

    Reduce hostility increase cooperation can reduce the tension of global battlefield. Even we didnt agree with each other it doesnt mean we have to be adversary. find a way of manuver good policies. It means brutal force to solve inner problems? We can separate economic with security if we are into it. There are a lot of misconceptions within usa elites most spread through unproven gossips. There is no right and wrong,evil and so on on finding which way that works, it distracting us from the real agenda and it create double standard on evaluation of which way is suitable. From my view, us goverment is trying to reach out for more control over the world power when their own important agenda is governed poorly. I know american hate putin but to punish all russian with assets and property iin Russia for that is way too out of hands.

  • @blairhakamies4132
    @blairhakamies4132 День тому

    Fabulous 👏

  • @rickfucci4512
    @rickfucci4512 7 днів тому

    Funny tour first impukse is to figure out gow to use these new superpowers of centralization rayher than to figure out how to eliminate this financial wraponization.

  • @JoeBeThere
    @JoeBeThere 4 дні тому

    We have all the rules in place now, we just don’t follow them.

  • @chriswong9158
    @chriswong9158 5 днів тому

    13:00 US Sanction: The Sanction enemy of my Sanction enemy is my friend.

  • @chriswong9158
    @chriswong9158 5 днів тому

    The New player in the game thinks to Goldman Sachs of NYC 2000 idea of BRIC aka now known BRICS+ is build of:
    Shanghai Cooperation Organization; BIS aka Bank of International Settlement; BRI aka Bridge & Road Investment; the New Development Bank; Asian Infrastructure Investment Bank & CBDC mBridge comparable to USA SWIFT. thks to GS

  • @channapereraful
    @channapereraful 3 дні тому

    good

  • @oprrrah3498
    @oprrrah3498 5 днів тому

    I thought this would be interesting, based on the title. Not awful, but really unprepared with current reality

  • @aronchilds8174
    @aronchilds8174 5 днів тому

    Money is the Ruller of all EVIL.... WHO HAS THE MOST POWER IS THE MOST EVIL!!!

  • @chromgoog3141
    @chromgoog3141 5 днів тому +1

    Krugman seems biased rather than being devils advocate to bring our richness….hmm

  • @maxamedxasan7484
    @maxamedxasan7484 5 днів тому +1

    Hab-dhiska dhaqaale iyo lacagta dollar ku waxay waligeed ba ahayd mid kagu dulmiyo dalalka afrikaan ka ah kagu curyaamiyo dhaqaalahooda
    Waxaa kale jirey dalal hore lagu burburiyey nidaamka oo ay ka mid tahay ciraaq
    Proffisor kani wuxuu iska indho tiriyaa wixii caadoododa ahayd weligood samayn jireen wuxuuna ka bilaabaya xiligii trump
    Maalmihii dollar ku way soo dhamaadeen

    • @timtrewyn453
      @timtrewyn453 5 днів тому

      What might be better is that the United States produces more of its own oil than ever before. In that sense it is less involved in the politics of other nations.

    • @casteretpollux
      @casteretpollux 4 дні тому

      ​@@timtrewyn453more, but poorer quality and expensive

  • @lizgeorgebarker3873
    @lizgeorgebarker3873 5 днів тому +1

    Index cards for questions? 😂

  • @timmoteus
    @timmoteus 5 днів тому

    Hey, look - it's Boris Johnson!

  • @adityamohan8514
    @adityamohan8514 7 днів тому +4

    everyone knows this lol

  • @chriswong9158
    @chriswong9158 5 днів тому

    22:00 For USA, the once benefit of having the Pacific & Atlantic Ocean was a benefit for USA growth from 1700's to 1980's.
    But now it is a negative impact to USA commerce to the Worldwide aka Asia, Europe, Africa, Middle East, etc...
    What US & UK had build in 1700's - 1900's are now benefit Global South for commerce & relationship.
    Today 2020's USA is trying to hold back the tide gate that was already open up in the 1990's with the destruction of USSR

    • @casteretpollux
      @casteretpollux 4 дні тому

      How did the destruction of the USSR help it?

  • @zeketorres9257
    @zeketorres9257 День тому +1

    "America" is not a country!
    ...it is actually the name of our CONTINENT... having 35 sovereign countries and over one billion people! Many American countries are over 100 years older the even Jamestown (our oldest US city). Many Europeans became accustomed to emigrate to North and South America as they sought greater opportunity and freedom. The United States as well as Mexico, Brazil, Argentina, etc. Welcomed millions of Europeans over hundreds of years. During WWII, many Canadians and Unitedstadians plus a smaller amount of Latin Americans were the AMERICANS that helped the Europeans fight against Hitler. The United States does not own America, nor do they speak for the interests of all Americans! Stop this name ignorance!!! I love my country, USA!!! What to call the fine people of the USA? South Americans call us UNITEDSTADIANS! I agree with that!

  • @peterhumphrys
    @peterhumphrys 6 днів тому

    If the USA invented the internet one would reasonably expect the USA to maintain control of its project
    Doesn't matter if the rest of the world uses it or not!

    • @casteretpollux
      @casteretpollux 4 дні тому

      That is hilarious. You have heard of " the world wide web"?

    • @peterhumphrys
      @peterhumphrys 3 дні тому

      @@casteretpollux yes invented by the US military and supporting US bases all over the world, who would have guessed eh? Pretty similar story with the smart phone, US military invention but commercialized by the private sector. Do your reseach!

  • @user-qd8yg1fp7i
    @user-qd8yg1fp7i 7 днів тому +3

    Duh...

    • @noricd
      @noricd 6 днів тому +1

      [ humour - less is more ] When I watch and listen to a video of some substance invariably I read the description field, and, moreover, the comments field. (Comments are like the old tech of letters to the editor, historically one of the most popular pages at least of the Sydney Morning Herald, when it was just a print publication.)
      Now, getting to the point, as a general observation the more substantive the discussion the more informative with perspectives are the comments. There are currently 30 comments to this video. I screenshot a few. Perhaps the most pertinent comment to this video was just one word followed by an allipsis: "Duh...". I clicked the like button next to it.

  • @willliam1420
    @willliam1420 5 днів тому

    Do Not Deceive the masses, Huawei is the leader in 5G technology not only the most Value for Money

  • @prtyagi1
    @prtyagi1 3 дні тому

    U guys missed on bitcoin

  • @peterjaniceforan3080
    @peterjaniceforan3080 7 днів тому +1

    😳

  • @willliam1420
    @willliam1420 5 днів тому

    Krugman is innocent re the internet??!!

  • @sebastienloyer9471
    @sebastienloyer9471 5 днів тому

    🎉😢😢😢​​​

  • @phil20_20
    @phil20_20 5 днів тому +2

    Yes, it was all our fault. Medieval Europe had nothing to do with it. Would you rather we use nukes?

  • @kalipotmeng
    @kalipotmeng 5 днів тому +1

    These are armchair experts, incl. Krugman. Europe is still importing russian gas, just google it. Europe buys russian oil, through India. Russia has a high EUR reserve. I'm shocked how poorly informed Krugman is. This shows the quality of the NY Times in the recent times. They're so behind the curve. (I'm paying for the subscription to watch the decline 😂)

    • @casteretpollux
      @casteretpollux 4 дні тому

      The fake mass rape story, to enable genocide should make you reconsider paying for it.

  • @Fidelista23
    @Fidelista23 3 дні тому

    Talk about weasle speak. They are raving on non about the bleeding obvious !!!:

  • @doloressverko9887
    @doloressverko9887 4 дні тому +1

    Such learned men and such little detailed facts. Then the "golf cart" analogy and the "rhetorical statement as fact" unchallenged: Russia is not sacrificing hundreds of thousands of troops. Ukraine is. Putin cares more about wars in Eastern Europe than Biden does. That can be very well debated on cultural, regional and strategic terms. Basically, you are the reason that we have lost conflict resolution and diplomas in politics. You care about your endowments and hush money by way of lucrative cooyright agreements, not a true dialectic.

  • @ThaGirlLaLaLa
    @ThaGirlLaLaLa 2 дні тому

    There is nothing new under the sun! Howza bout teaching human decency and love for life instead of nihilism?

  • @bharatc.sampat6406
    @bharatc.sampat6406 День тому

    As a western pushover you’ve already failed. Nobody trusts anymore discussions. The conversation is quite naive and basically outsmarted by Eurasia

  • @DipakBose-bq1vv
    @DipakBose-bq1vv 4 дні тому +1

    Bloody crap.

  • @Puppetmastersfool
    @Puppetmastersfool 3 дні тому

    This started off being interesting but towards the end it showed that this guy is deranged and completely out of touch with reality and recent History, now I know that he has his head elsewhere, but seriously how can it be that he missed all those news reports between 2004 and 2022?

  • @carlretter4263
    @carlretter4263 5 днів тому +1

    Propoganda Bullshit

  • @ramstrong1961
    @ramstrong1961 5 днів тому +1

    Inside China Business: China, Russia using USD-backed cryptocurrencies for commodities

  • @edgarnunez2944
    @edgarnunez2944 3 дні тому

    this sounds like a requiem... or hair pulling whimpering maybe?

  • @GanacsadeCabdi-sf4cx
    @GanacsadeCabdi-sf4cx 7 днів тому

    Thank you very much sir but the USA review the economic growth that is beautiful because if there is no food there is no peace if there isn't peace there isn't security so we can go to the former inorder to get a good so that is my advice because ilove you all for your confim to reach in our future that is my advice really let me to finish it when we start the work is there in my opinion so iwould like to help my friends at that time because the USA bank is empty olso dollars to be going to be dying to see the problem is coming from sky the people were greater than those last years so now economic is going to be fine that is good so we can move on forward all together so we need a global peace and agreement and stability inorder to work for every day and night sweet dreams take care and love you come back if Allah say. Last iwould do anything for my younger brother and sister really iam with you and you aren't alone in my life and you should try to do a job for every morning inorder to reach in our gaol so don't waste your time and money to buy a new phone number is this message is the best way to home and stability that is my advice because ilove you ❤️ 💙

  • @pingpong7810
    @pingpong7810 7 днів тому

    Xinjiang country no Facebook 🌎

  • @lupemerrit
    @lupemerrit 4 дні тому

    Hate these hour long intros.

  • @tuw2528
    @tuw2528 6 днів тому +1

    China gdp per capita is on par with poor African countries 😂😂😂

    • @raymondtay9442
      @raymondtay9442 5 днів тому +2

      Really? Which poor African countries are you referring to? Also please state your source of information.

  • @littleboy437
    @littleboy437 5 днів тому +1

    Bad Show