Kind of late to make this blog post but...the world is turning - moving - changing - and fast.
Lots of great videos, especially more towards the end (more secular videos near the end as well just fyi) - Great playlist here I made on Saturday - March 11 2023: https://youtube.com/playlist?list=PLyayQwkmfwmCztX0ZZ8vrCsVQLlopyEU-
----- There is only one God (ilah) - (Allah S.W.T. Glorious and Exalted He is - forgiving and merciful. Muhammad is his servant and messenger - peace and blessings be upon him - ). Bismallah Ar-Rahman Ar-Raheem - -
---> Amazing video:
Elijah Kareem • 187K views 0:00 - Introduction 2:23 - About the Prophet Muhammad (SAW) 5:41 - About the Qur'an 10:11 - Miracle of Numerical Perfection 15:58 - Miracle of Water 18:40 - Miracle of Worker Bees 24:28 - Explanati...
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This is really good (great) information. It is not crazy. It is reported even in mainstream news - dangers of black magic(k), wiccan (craft(s)) "witch recruiting", etc. Just normal young women for example who got into that kind of stuff and warning of its dangers:Powerful Ruqyah Method: Burning Clothes This Way Shiekh Omar Baloch • 4.1K views
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Long one (video below) - there is much written on the end times - Allah knows best - learning -
I think Shiekh Imran is a good shiekh, I could see many thinking he is a bit harsh or mean etc. and that's not the way (see next video for example - and others) or the best way (especially if giving Dawah) the Quran warns of punishment it one doesn't speak or come with the truth and teach the truth, thus leading others astray though (and forbidding evil). When I think of the Shiekh's criticism of the West now, I think of the "liberal" world order in that (more so - "of being") which is put forward by Alexander Dugin in a metaphorical but also, literal (real) way - the putting forth, of capitalism and consumerism or materialism one can say - of the purpose of life and/or man. - It is or was, "winning" that is, "liberalism" or the "liberal world order", as the dominant ideology of the world with the United States as the lead role one can definitely say. And also, when I think of America I think of modern capitalism - America began, came into being, with modern industrial capitalism (the industrial revolution)and the "age of reason"/scientific revolutionary era - started with more of a "blank slate"...He puts this argument forth in the "Fourth Political Ideology" - that liberalism has won and we are living in post-liberalism/post-modernity - As Muslims, can just say, I think we are very near to the end times and this is what Shiekh Imran is also saying and making the case for, of course. -> it seems the U.S. unipolar moment is ending and things are changing rapidly now (can see the below videos and other videos throughout the blog) - Al Hamdu Lillah - truth and the Truth will always prevail in the end and those who do good and who do good work - "Wal Asr". Allah S.W.T. knows best of course though - I hope it's not the end - but is definitely near (lots and lots of signs).
The Origin and Destiny of Modern Western Civilisation - Glasgow Scotland Sheikh Imran Hosein 50K views An Islamic Eschatological Explanation of the Origin and Destiny of Modern Western Civilisation - Glasgow Scotland 26/2/23
My notes: Some thinking - could it be that the West (Gog and Magog) - The U.S. cities (East Coast, West Coast, Texas - that itself would basically destroy the U.S. by and large), London, etc. - the cities -destroyed in a nuclear war - fighting for "gold" -> money - gold, oil, commodities of the earth - Because America by and large is bringing (about) possible actual nuclear disaster -
Sheikh INH - I do think is a bit mean but it is the topic of the end of the world - focus on the acutal eschatology., facts and meanings. Know what I've posted myself about this denigrated modern society (values- actions), look at Covid 19, Ukraine war, coup de-tats, inaction on environment and climate, promotion of sex, etc. A. Dugin's kind of work about liberalism "postmodern" society - transhumanism. All the deaths the West has caused etc. - human suffering - colonialism, neo-colonialism, exploitation and debt burdens on the poor (the LDC's).
-- Surah An-Nahl (The Bee). https://quran.com/an-nahl
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Blogging Theology 6.7K views Shaykh Navaid’s lecture series can be seen here https://www.youtube.com/watch?v=bN2eqQ-ulMg Shaykh Mika’eel
Haven't watched yet: Egregore ALLATRA TV International • 665 views What is a single egregore? How is an egregore formed? What unites people? Is there an egregore among animals, insects, and protozoa? Who controls a pack of animals? What is the difference between...
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Yeah I don't like it - "Socialism/Communism for the rich and rugged individualism and slavery (neo-feudalism) for the poor".
6 days ago — Billionaire Marc Andreessen says we're headed to a world where a college degree costs $1 million and a flatscreen TV costs $100. Grace Kay. Billionaire Marc Andreessen says we're headed to a world ... Yahoohttps://ca.finance.yahoo.com › news › billionaire-marc...
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Russia and China are more upright and outstanding in their actions and conduct than the West. Greed (capitalists in the west) and authoritarianism (at the geo-political level (- trying to hold the world hostage and dictate what all countries can and can't do etc.) (but also, it could be soon, at the national level as well, if one can't question or speak out about and on issues such as war)- but also, ideologically there is much arrogance - BUT it's guised and dressed up with pretty words) and a lack of any kind of moral compass seemingly and a lack of care for human life and suffering.
Nice - Hopeful - hopeful humanity can put aside and work together (for goodness sake) in spite of our differences - "the earth is big enough for all but not big enough for everyone's greed" (or something like that, the quote goes):
Mmhmm: Putin called on the FSB to stop the activation of "all this scum" promoting separatism in Russia True inFo • 11K views Putin called on the FSB to stop the activation of "all this scum" promoting separatism in Russia
Didn't watch all: Russian cauldrons, Bakhmut and Debáltsevo The Duran • 167K views
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Shorts:
Voluntary Worship Helps Ensure Your Desires Don’t Overpower Your Soul’s Hearing The Muhammadan Way Sufi Realities 4.8K views
ALLAH IS PERFECT TheProphetsPath 82K views #shorts #quran #noumanalikhan â–º Become a member : https://www.patreon.com/theprophetspath â–ºFund Our Videos:
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---> Really good, the part about Imran Khan just confirms to me that he is an upright man and that China is and was not carrying out 'genocide' against the Muslim Uyghur population: Is America declining and the rise of Islam? With Muhammad Jalal Blogging Theology 40K views
Has some cursewords but is good: Why Everyone Is Converting To Islam Guneet • 21K views
Practical Tips to Prepare for and Enhance Ramadan | Dr. Mufti Abdur-Rahman ibn Yusuf Mangera ZamZamAcademy • 5.3K views
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"INTERVIEW: Former US Marine #BrianBerletic provides unique battlefield insights into the Ukraine War and predicts that it won’t end
MAGA - but I'm definitely not a conservative capitalist or Israeli supporter but, that's okay, I was wrong about Trump - he's really not all that bad it seems: Trump: I will TOTALLY Obliterate The DEEP STATE The Dive with Jackson Hinkle 23K views - We'll see, I don't believe that much change will come about under Trump but he's not that bad either - he's a person. Am learning. He might be quite a decent person - I don't know. I think he is quite egotistical, is quite a bit nationalistic not that that's all bad either (MAGA). I believe a lot of things are being put into place by people in some high high places (maybe am wrong about Trump though) but Allah's plan is greater (of course). It'd be great if we did get rid of the deep state - I'm all for that (stop the endless wars and the hegemonic actions of the United States; State Department- CIA - Pentagon complex - we need to end corrupt moneyed politics! - ). - We need to end the Fed, do good for our planet, put in place new economic thinking similar to China's 'in-concept' - WIN-WIN kind of thinking that's fair for the whole world at a global level and good for the working people in our country AND fight against corporate takeover (monopolism) and neo-feudalism -> ->
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Robert Breedlove • 115K views Whitney Webb is a professional writer, researcher, journalist, and host of an independent podcast called Unlimited Hangout. We
no more small scale fishermen going out in their boat and buying you know catching stuff for their family or
0:05 anything like that anymore and Seychelles this is the more you look into it the more
0:12 insane it sounds yeah this is all being backed by the UN as as the way to conserve the planet but ultimately what
0:18 it's about is about controlling where people go and what they can do they test the stuff in the developing world all
0:24 the time so like the digital ID stuff we talked about earlier they have been testing a lot of the ID 2020 people
0:31 which is a public-private partnership about digital ID um I have been testing that on stateless
0:36 people between the border of Burma and Thailand who have like literally nothing they don't even have like citizenship
0:43 anywhere and they're they're testing it on them and trying to like do all this biometric stuff on newborn babies all
0:51 the way up yeah and you know so they always test it out on people that don't know what's going on and don't really have a lot of agency or a lot of voice
0:58 in their own in their own government and their scale it globally for the rest of us there's a great book titled seeing
1:05 like a state and it talks about one of the main aims of statism is to increase the legibility
1:11 of taxpayers so you want to know who where everyone is what everyone's doing right you need
1:17 to know all the economic interconnections relationships inflow's outflow so you can tax all of it
- All this corporate-state capitalism and "public-private partnerships" IS "CAPITALIST AUTHORITORIANISM IN DRAG". Socialism and communism are not - that is misinformation - disinformation from capitalists, imperialists, "neo-feudalists". Those who want to rule the world and subjugate and oppress - but, socialism and communism can be authoritarian.
o yeah would you describe yourself as an
7:40 investigative journalist or what is this line of work that you how do you describe this line of work so
7:46 frankly in the past several years like the term journalist has been I don't want to necessarily say weaponized but
7:52 like you know it's been problematic for some people um and a lot of this obviously has to do with you know mainstream media and uh
8:00 how more often than not the act of appendages of power than people holding power to account right so um I guess you
8:08 know I would say um I mean most people describe me as an investigative journalist I tend to
8:14 describe myself as a writer and researcher because that's what I do so I tend to
8:19 um you know write a lot of people that write for example sort of just take like one big event or you know mainstream
8:26 media headline and make an article out of that that's not what I do I synthesize a lot of stuff often either
8:32 historical or current I look at a lot of um you know Source documents or policy
8:37 documents um in in series or you know in the case of the book it was looking at a lot of historical
8:43 um newspaper archives you know findings of of Senate committees and commissions
8:48 of yesteryear and all other sorts of um you know I guess historical documents of of that nature and sort of piecing
8:55 together what I uh think really happened you know and so what's complicated too about journalism just in general is that
9:02 I think a lot of people um sort of approach it as I'm going to
9:07 tell uh people what to think in a sense and I don't you know what I'm trying to do and one of the reasons my website is
9:13 is named the way it is is because I'm not trying you know if I come across information that doesn't necessarily
9:19 like make sense to me at the time or fit the narrative that I sort of see forming up when I write a story like I include
9:24 it anyway because it's up to the reader to take all this information uh follow the source links that I provide in
9:30 almost every sentence of every article I do for themselves and make their own conclusions with the information sort of
9:36 uh engage more with it because I think we have a problematic Paradigm and it's
9:42 true for Politics as it is also true for journalism as I see it where people sort of look for sort of celebrity they want
9:48 to celebratize or like convert people into celebrities you know so there's this idea in politics of like the
9:54 political savior um you know as long as we get the right person in the white house or in this position you know everything's going to
10:00 be fine and so sometimes in journalism you have like sort of the elevation of a celebrity a journalists and it's all
10:06 about them and everything you know they told this thing that was really great and revealing and seemingly truthful and
10:12 let's listen to what they say and they sort of get elevated in that same sort of way they become like a celebrity type
10:17 figure and social media I think is really aggravated uh that Paradigm and I think it would be a much better Paradigm
10:24 um to have people focused more on the information on the person delivering it right so I try and give people uh the
10:31 resources to be able to engage that way with the information so you know I don't know necessarily if most other people
10:37 that are described as or self-defined as investigative journalists necessarily do that
10:43 um but that's ultimately what I'm trying to do I write about stuff that I research and I provide the source links
10:48 and how I came to those conclusions um and I'm happy to you know have a vigorous debate about those conclusions
10:54 if people want to but you know um it doesn't really happen that often
10:59 that's great that's I mean I I would consider that to be journalistic
11:05 Integrity right you're just showing the the sources of information that you gathered your findings from and then
11:12 obviously rendering an opinion on top of it but referring people to the source so they can investigate for themselves
11:20 um I like this idea so this idea of cell I think you call it celebration celebration I don't know if there's an
11:27 actual term for it this is how I like think of it in my hair I see it a lot more in the political sphere this what I
11:32 call the political savior yeah um Paradigm but I think it gets applied to lots of stuff because you know
11:38 especially in the US there's like the celebrity culture stuff particularly around Hollywood but you see elements of
11:44 it all over the place yes yeah there's some kind of a media like a tribal Instinct
11:50 almost to want to look to an individual to lead us guide us Inspire us something
11:56 like that right I think there's a problem in the U.S with like taking and it's not exclusive to the US by any
12:02 means but uh with taking personal responsibility uh for where things are
12:07 going you know a lot of people are willing to sort of Outsource that right um to other people and I think it's it's
12:14 a lot of the problems we find ourselves in right now uh could be reversed or at least ameliorated if people started to
12:20 take you know have a little more agency
- That is the "socialism" I am talking about and am for. - We need Government "for the people" and increasing democracy and government that is uncorrupt and sovereign - not corrupted and influenced by money (that is "standing above" corporate and financial powers - not beholden to).
absolutely be looking to all these external people to you know fix things
12:28 yeah absolutely want to believe and stuff that's something we are very um we
12:33 advocate for heavily in kind of Bitcoin circles this idea of taking as much personal responsibility as possible
12:38 rather than trying to Outsource your thinking to others right
- "Think for yourself" -
um we all have to do it a little bit we
12:45 can't be experts in every domain but you should at least understand that there's not going to be an individual that has
12:51 all the answers right everyone's got their limited perspectives and biases Etc
12:57 um and it does seem more useful to focus on the ideas rather than the the individuals because
- "Focus on ideas, not individuals" - Islam is the right way in my honest opinion - We will be judged - is it right and what is (what will) going to happen, that another individual can stand in for the sin of another? How right would that be?
13:02 when you have an individual espousing certain ideas and they say one thing that is perhaps wrong
13:08 there's this uh inclination to want to throw the baby out with the bath water right like oh well this guy said this
13:13 thing that's wrong so everything he he or she has ever said is wrong and that's dangerous too right because then you
13:19 just end up with with not a lot it happens a lot the more like politically polarized or just more polarized in
13:25 general things are so you know for example you know
- Reject the notions and ideologies of "identity politics" - Get real. Atleast, I do, - it seems quite obvious a lot of these things are ways to divide and conquer and modern problems - "postliberalism", "postmodernity". - I'm just a person and just living within the society as well, but we and I/we can learn, can change.
I've done a lot of work for example on the Jeffrey Epstein case
13:31 and so obviously well-known Associates friends whatnot of Epstein that most
13:36 people know about right are two former presidents one being Trump and the other being Bill Clinton so you know you talk
13:42 about you know one and people be like oh yeah okay and then you talk about the other one it's like I can't believe
13:48 anything this lady says anymore because she's saying negative things about the guy that I like right
13:54 um so you know it can it can again I mean there's a lot of different uh issues right now with a modern political
14:01 discourse um that are really setting us up for a disaster I think in some significant
14:08 ways but I mean I think there's also been some progress to an extent but at the same time there are also people
14:15 um that in well so intelligence agencies developed a tactic that they refer to as
14:21 a limited hangout back several decades ago and the idea was that it was a media
14:26 asset that would reveal a very significant truth but be hiding the bigger story behind that and people
14:32 would be so taken with this new like nugget of information that had previously been hidden they want to even
14:39 think that there was anything behind that or beyond that and would just stop there so essentially when the CIA for
14:45 example knew they couldn't stop something from coming out they would control how it came out and would find
14:50 what would be shocking to the American public but the least damaging for them that particular facet they would allow
14:56 that to come out but keep the rest Under Wraps essentially
- So crazy - makes sense though...
not exactly I mean I've never written a book before so you know it took me a while to sort of find a title that I thought was engaging But ultimately the
17:00 theme of the book is about um uh how blackmail has been used to corrupt our institutions long before
17:06 Jeffrey Epstein what I'm striving to show is that Jeffrey Epstein contrary to the mainstream media narrative about him
17:12 uh was hardly an anomaly um particularly when it came to what he was doing with young women uh and in
17:19 terms of you know sex blackmail allegations and and things like that uh but also that uh Epstein was allowed to
17:26 operate because he uh entered into a very particular network with uh you know
17:31 actors who were able to evade scrutiny or accountability for their actions and
17:37 the underlying theme through all of that is is financial crime so you have
17:43 throughout history and following this particular um Network who of course evolve over
17:48 time because I'm tracing them uh through quite a bit of of history but it's a lot of financial crime but there's also a
17:54 lot of blackmail and a lot of that blackmail um is sexual in nature like as we saw with the Epstein case but not all of it
18:01 is like there's efforts that talk about in the book through you know people that were interested in attempting to acquire
18:06 BCCI and groups like that that wanted to financially blackmail us congressmen by
18:12 taking ownership of banks where a large amount of congressmen had open accounts
18:17 and then could be able to track their finances and blackmail them that way and things like that so there's been you
18:23 know a lot of powerful actors throughout history who have sought to corrupt our
18:28 uh democracy particularly elected officials and and have them be easily
18:34 controlled and I argue in the book that one of the main uh I guess entities
18:40 responsible for that um uh that's responsible for those
18:46 efforts is essentially a symbiosis between elements of organized crime in
18:51 the United States and intelligence agencies which teamed up formally in the World War II era and then in the
18:58 post-war era sort of expanded and deepened that uh collaboration and you even have people like famous gangsters
19:04 like Sam giancana I think is how you pronounce his name uh saying that the CIA and you know my organization are two
19:11 sides of the same coin essentially you know it's not um you know these are both entities that work in covert worlds and
19:19 um we think we don't necessarily see them as being two sides of the same coin because we're tall the you know the CIA
- Makes sense - because, just look at the level of information the "security" services of the United States collects (even) on its own citizens, yet, there's no feds stopping crime - as in stopping mass shootings, there's no stopping illegal drug activities and drug use (though there is a lot of drug use, mental health issues, and homelessness) and there's still child sex trafficking. - We want to condemn Iran and it's morality police = dictate to the world what's allowable and not allowable, even if and though, they have an entirely different history, culture, and religious views and beliefs (same with Russia, same with China, same with ____ and ____) - we say we want good for Afghanistan yet withhold its rightful property (money) and unto other countries of the world - we place sanctions on them etc. etc. Actually, we are worlds hegemonic power that exploits and terrorizes and is the reason for de-stabilization and nations not being self-sufficient and constantly poor - even food poor. Sad.
19:24 and other agencies like it are national security agencies so they're not motivated by money right but I don't
19:31 think that's true
you know you know they're both business businesses ultimately at the end yes and if you look at how the CIA what it came
19:43 out of you know uh how it was created its precursor the office of strategic services and the people that sort of
19:49 began to construct what is now the U.S national security State um Extreme Connections to Wall Street
19:55 the biggest banks and the biggest oligarchs in American history so you could really argue that that organization is sort of like their
20:02 secret police like the secret police of American oligarchy in a sense and if you
20:07 look at a lot of their early coups um that they promoted abroad for example probably a well-known example would be
20:15 United Fruit having a major role in prompting the cia's illegal overthrow or
20:21 coup d'etat against the democratically elected government of Guatemala because
20:26 that are I can't remember first name his last name is arbins was trying to nationalize the banana
20:32 industry and so you know this is an example of the early CIA going and overthrowing a government not because of
20:38 U.S national security necessarily uh but because of their connections to Capital right and
20:45 um then over time United fruits an interesting example because actually um Leslie wexner's mentors end up taking
20:51 it over at some point but it has a very odd uh connection you know it sort of has one for that company historically
20:57 has had one foot in the corporate world and one foot in the intelligence World they had they were allegedly involved in
21:03 efforts uh by the CIA to like the Bay of Pigs invasion that failed and things like that lending ships to intelligence
21:10 and all those sorts of other intersections over the years so there's a lot of companies that end up swimming
21:17 around in that same web so then you end up adding to this organized crime intelligence Nexus you end up having
21:23 sort of like the corporate world in there too but ultimately what unites them is a desire to engage in business
21:29 business that's technically illegal but very lucrative
- We place labels on Islamic extremists, but why are there extremists in the first place and Muslims etc. and people, who hate America abroad, can you blame them? Yes, but, you can expect it as well if your government/country is internationally terroristic in its actions. - Could go to a bigger philosophical argument about morality in religion vs. without and also about, the right to criticize (when is it right, vs. when is it wrong) other nation-state's behaviours and actions. -- Beliefs --
- Is not about "I" and "vs." is about arriving - and respect...
28:26 um which would you know basically be you'd have to have a state issued ID whether a driver's license or a state issued ID card and that would be
28:32 connected to your government access this ideology this idea or policy has been folded into a lot of the digital ID
28:39 white papers of the world economic forum and related organizations who of course you know for example or developing
28:45 digital ID infrastructure in Canada and the Netherlands right so it's not like this isn't having real world
28:51 um impact and in those white papers the idea is to have you know not just your internet access tied to your digital ID
28:57 uh but your ability to travel your vaccination history so like the whole vaccine passport thing your ability to
29:04 access any uh government service your ability to access your tele
29:09 communication Network through your phone um your social media handles all of in your you know what you surf on the web
29:16 right all of that would be tied your digital ID and really what it is is um you know a recipe for extreme and
29:22 extremely invasive surveillance yeah to say the very least and there's been an interest in doing that for a very long
29:28 time and it does tie in with blackmail uh well at least some of the stuff I wrote about in the book so
29:34 um so what I referenced earlier about financial blackmail that was an effort that ultimately failed by a man named
29:40 Armand Hammer who is the head of Occidental Petroleum but has a lot of really weird intelligence connections
29:45 like his father was a Soviet spy he was allegedly affiliated with
29:51 um you know different intelligencies including in the in the Soviet uh sphere uh but was allegedly more closely
29:58 enmeshed with uh you know the Rockefellers and group the groups that are trying have been trying historically
30:03 to implement Global governance whatever that means so he was particularly
30:09 interested in acquiring um a bank that was later used to bring BCCI into the U.S financial system
30:14 because a lot of congressmen had accounts there and he wanted access to that for the purposes of financial blackmail so
30:22 um you know there was an attempt to do that there but subsequently there was a scandal in the 80s called The Promise
30:27 software scandal and this was Israeli intelligence and U.S intelligence working together and Robert Maxwell
30:34 actually Elaine Maxwell's father played a major role in that Scandal um which we can come to later but essentially there
30:40 were two different versions of This Promise software that were bugged with back doors and so one was bugged by
30:46 Israel and one was bugged by the CIA and the one bugged by Israel was sold to national security agencies around the
30:53 world intelligence agencies so Israel had a back door into basically everything they were looking at in real
30:58 time it was basically an intelligence coup for the state of Israel during this particular period and the person who did
31:04 most of the sales selling it to those intelligence agencies around the world uh was Robert Maxwell who was on the
31:10 payroll of Israeli intelligence at the time but on the flip side of that you have the CIA version and instead of
31:16 being marketed mostly to national security agencies this one was marketed to Banks and one of the main companies
31:23 that it utilized was uh systematics and some of these um some banking software
31:29 companies and systematics was very much tied up with the Clinton power Nexus in Arkansas as sort of the political King
31:35 maker of Clinton's early career was a guy named Jackson Stevens who owns systematics in the Rose Law Firm where
31:41 Hillary Clinton worked and people like Vince Foster and Webster Hubble worked uh you know systematics they were the
31:46 legal team you know for systematics and uh I think also like Foster and Hubble
31:52 even had a stake in systematics at some point But ultimately this and this software marketed by systematics and
31:59 other uh you know interrelated subsidiaries uh gets you know is running on banks like all over the world
32:04 including the World Bank at some point and is able to trace Financial transactions and this goes back to you
32:10 know a very particular group that was using this for the purposes of blackmail also and also using it to launder a lot
32:17 of money because ultimately what promise as a software program was very effective at doing was tracking people and also
32:24 tracking money so it basically got sold for example the South American dictatorships during Operation Condor
32:30 which again has a lot of CIA Connections in and of itself but was it you know using day early databases
32:37 using this kind of software to scale up their dissident elimination programs
32:42 essentially um and yeah so that's why that's how it was used to quote unquote track people
32:48 so you also have it but the main other use of it was to track money and money flows right so you can you know track
32:55 that either to you know hide your money uh or loot other people's money or find
33:00 out who's doing what in the financial system so suffice it to say if there was
33:07 an uh an effectively Anonymous currency at some point it would be very
33:13 disruptive to this blackmail model right because you need yeah I mean if you could if you could actually ensure that
33:19 it was Anonymous then yeah and if people were allowed to use it but I would wager
33:25 as we're seeing now that the state would attempt to step in and legalize that yes
33:30 yes they absolutely will uh will and are I would say to a large extent what what
33:37 do you mean so in your writings you often use this phrase deep politics and
33:42 it sounds like that might be a lot of what you're talking about here could you just unpack that term what do you mean by that so I think the person who first
33:49 used this term may have been there may have been someone before him uh but like Peter Dale Scott who's done a lot of you
33:56 know works I guess you could say about interrogate interrogating power in the United States and how it's affected our history over time
34:02 um and so I guess I would say you know so there's so what's the opposite of deep politics right so that would be
34:08 superficial politics so that's would be like what you see on you know CNN and
34:13 mainstream media about the narrative regarding how power actually functions and sits in the United States so per
34:21 that narrative who controls the country uh it would be Joe Biden who makes all of the decisions
34:27 uh you know and you know that's a pretty fair response to juggle at that right so
34:34 um you know and the idea that um you know a lot of those narratives put out for the public aren't necessarily
34:39 accurate they're what they want the public to believe about how power operates so in contrast I would say that
34:47 deep politics is about interrogating where that power actually lies and where
34:52 it sits and what it um aims to accomplish you know what it does
34:58 uh what it has done over time what it aims to do now I mean you know if you're trying to figure out what's actually
35:04 how they developed how they've evolved and and where they're taking us now because you know if you're going to be
35:31 watching CNN for those answers you're not going to find it right right so yeah no well said I've often
35:39 my view is that I think JFK was probably the last real President we had in the United States someone that actually
35:45 tried to make changes to the prevailing power structure and I don't know to what extent he was compromised not
35:52 compromised but uh there was executive order 11110 where he was basically going
35:57 to take away the exclusive power of the Federal Reserve to issue currency and restore
36:02 some of that to the US right to Citizens and shortly after he was assassinated
36:08
- That's in the Constitution - am for it, but also would be more for a steady state world reserve currency - no inflation - A Bank (it could be initiated by Muslims, especially since Islam is becoming the most populous religion in the world) that is free from interest, ("riba", "usury"). That doesn't practice fractional reserve banking (only lends that which it has in reserves or 1:1 lending). That would make it very attractive to all people of the world (no interest) and countries of the world as well (stability, security).
- Wow - now that's an idea - Allah Akbar Al hamdu lillah -
obviously um not necessarily saying that that was why
36:14 there were a lot of people he had mad at him he angered a lot of people yeah so
36:20 and on both sides like you said on the organized crime side he had the mafia that was upset with him and also inside
36:26 Central Bank insiders in the government so he had a lot of a lot of and and the Central Intelligence Agency right yes
-----------
so given the
38:49 centrality of money and all of this uh blackmailing and Corruption what is the
38:57 role of Central Banking Central Bank shareholders like is that the Nexus of
39:03 power in your view the the people that control the money effectively are pulling the strings in a lot of this or
39:09 how do you how do you view the role of Central Banking in in the locus of that
39:14 deeper political power structure so obviously it's it's very much
39:20 um a key part of it so I guess you know I I suppose it would depend on the extinct to the central bank in the
39:26 country you're talking about not necessarily a lot but you know in the U.S the Federal Reserve System I think most people know and I'm sure your
39:32 audience knows the uh outsized role that private Banks and Wall Street play in
39:37 the central banking system in the U.S right so um if you look at the central banking
39:44 system then is an extension of those Banks and then you see the other things that those Banks do for example their
39:50 role in creating the CIA and the OSS and these these entities you know they take on a very different dimension so I think
39:57 it's you know in terms of you know Wall Street there's actors there who have an outsized role in affecting
40:04 um U.S uh you know monetary policy and also uh you know what happens in these
40:11 more shadowy financial worlds to a significant degree right um and
40:18 um at the end of the day you know I would say that a lot of the power ends up sitting there right uh but you know
40:24 it obviously it goes beyond that I mean I think what we're seeing all right when you when you start doing it look into
40:29 this type of stuff a lot it becomes quite clear that there's a lot of trans National networks of capital so it may
40:36 look like a lot of this is necessarily based in Wall Street but you have other hubs of you know that are connected to
40:42 that of those types of activities um and a lot of it seems to have to do uh you know with banking
40:50 banking centers so a lot of people have written for example about the outsized role uh of the city of London for
40:56 example um and then um you know I guess it looks like Hong Kong is becoming uh or has become you
41:03 know a pretty big you know Financial Center for various reasons and a lot of my work on the 1990 stuff that Epstein
41:11 was was apparently involved in and stuff looks at Hong Kong a good bit and there's definitely a lot of very strange
41:16 things there but it seems to involve a lot of UK and U.S stuff um and you know obviously other
41:22 countries to an extent but you end up it's really branched out to a very significant degree um a good example too
41:28 would be you know someone like um Steve Schwartzman of Blackstone Capital so he's super influential for example in in
41:35 in China uh he there's pictures of him um I think the number two well there
41:41 might have been a power Shuffle since I read this particular article um talking about it but
41:47 um at the time that article was published which was like four years ago maybe um the number two guy in in the Chinese
41:53 government in his office has a picture of him of like Steven Schwartzman uh he and Steve Schwartzman hanging about and
41:58 and he and Henry Kissinger hanging out you know so there's like these you know different connections that don't really
42:04 uh fit with the more superficial Narrative of how things are really
42:09 working so if you believe you know the more superficial narrative um of of power you know it's all about
42:15 nation states and it's this nation state versus this nation state right so China is our adversary Nation but then it
42:22 doesn't really make a lot of sense why you'd have um certain people certain Investments
42:27 being made and so you know that's why people scratch their heads a little bit you know with maybe covid-19 stuff for
42:32 example you know all the The Hub the the concerns about like the Wuhan Institute of virology well it turns out the
42:38 Pentagon was funding that so if it's our you know adversary nationwise the Pentagon pouring money into research
42:43 happening over there um you know it's it's it's weird at times
and so one of the weird things
42:49 that I was writing about in the book about the 1990s that involved um the Clinton Administration and apparently
42:55 Epstein uh was related to a massive very illegal Tech transfer specifically of
43:01 military technology uh from the US military to China by rather illicit
43:06 means and this is rolled up in this uh Scandal that later becomes Remembered at least by conservatives as China Gate but
43:13 I think it's kind of more of a misnomer because a lot of the people that were responsible for that Tech transfer uh
43:20 are worse the same people that were involved in Iran Contra like a decade
43:26 before and that was all about stopping the Communists and then in a decade later they're you know
43:32 helping the Communists you know ultimately it's about selling weapons right yeah yeah so ultimately you're
43:38 looking at that in The Superficial politics narrative doesn't make any sense but the Deep politics narrative
43:43 does when you realize that it's a particular power faction in our National Security State that all they care about
43:50 is advancing their own money and power and they'll make a deal with anyone right yes no brilliantly said it I've
43:58 often thought that nation state level is kind of a low resolution depiction of power structures because the truth is
44:04 there are distributed power factions everywhere they're ruthless right they'll do a deal
44:09 with anyone that can pay
- Is a greenwashed climate activism coup de-tat taking place - - and the bringing about of a neo-feudalist type of system of power and control - they plan their plans but Allah plans his - thank God for Russia and China standing up - we'll see how things go... the end times are near - God knows best - nonetheless, the clock is ticking...Do good work(s). The Holy Quran - 17:9 - 17:30
could you just tell us a little bit about uh the theme of that series and perhaps the new piece that you're
49:32 currently working on yeah so uh this the series is called sustainable slavery
49:38 it's essentially a a criticism of uh the sdg policies uh which you know the sdgs
49:46 are sustainable development goals and there's 17 of them and the 17 sustainable development goals together
49:52 is agenda 2030 which is developed by the UN along with other stakeholders which
49:57 include the world economic Forum which formerly teamed up with the UN for this and other related purposes in 2019.
50:05 in in promoting the Public Public private partnership model that the weft is you know uh stock they call
50:12 themselves The Premier promoter of that model globally the web so um so essentially uh what we're so I'm
50:19 co-writing the series with Ian Davis who's a colleague of mine uh based in Britain and we're basically trying to uh
50:27 look at the sdgs and scrutinize them because if you if you go to the UN
50:32 website for example and you you look at you know their agenda 2030 web page and all of this uh you will see the
50:38 sustainable development goals there and you know some of them sound really nice on the surface right uh end world hunger
50:45 um you know income equality um you know conserve the oceans all of
50:51 this stuff so uh but it stops looking so Rosy once you dig deeper so ultimately each of
50:58 these goals um you know you look under them the UN is sponsoring very specific public
51:04 private Partnerships or very specific organizations to deliver those goals
51:10 okay and uh the U.N is actively promoting uh that countries specifically
51:16 countries in the developing World take on massive amounts of debt in order to finance this transformation of our world
51:23 as they describe it because ultimately the sdgs as described by the UN are about Transforming Our World so a major
51:30 part of this is about transforming the financial system um but also really it's about transforming every aspect of Our Lives
51:37 from the most intimate things like Family Planning how many kids you can have uh you know all the way to you know
51:44 much bigger macro stuff but the goal is to basically have every aspect of your
51:49 life overhauled um by the year 2030 or at least have the
51:55 um the mechanisms to uh deliver that transformation in place by 2030. I guess I should say
52:02 right so um you start to look into them they become very uncomfortable very quickly so the first installment in the
52:08 series uh you know we talked about the last sustainable development goal which is number 17 and it's about delivering
52:15 or creating Partnerships to deliver the sdgs or I'm paraphrasing but it's
52:20 something like that so it's all about public-private Partnerships um and uh promoting they say that all of
52:27 these Partnerships uh are not are the only way we can deliver uh things like macro economic stability and things like
52:34 that but um if you if you'll give me a second I'll uh pull up that article to
52:41 make a little couple references here so they basically say so you click beyond
52:47 the short like phrase definition of the sdg and then you'll get like a sentence
52:53 or two a slightly longer description and so in one of those for for this one for 17 it talks about essentially
53:00 multi-stakeholder partnership will work together to create what they
53:05 call macroeconomic stability and this is a prerequisite for implementing all of the sdgs but as we note in the article
53:13 microeconomic stability has been redefined by the un uh so now it doesn't
53:21 mean like you know full employment stable economic growth and and low inflation now it means creating fiscal
53:29 space and okay so fiscal space even per the
53:35 U.N doesn't actually like have a definition um so it's
53:41 um basically more taxpayers so essentially so according to like the
53:47 U.N department for economic and social Affairs it boils down to
53:52 um the estimated or projected debt sustainability Gap so you can see here
53:58 that they're basically creating a word salad there's like words within words within words and they've redefined a lot of the words right so multi-stakeholder
54:06 Partnerships which is like the weft public private partnership model yeah well together need to create macro
54:12 economic stability as a prerequisite for agenda 2030. yeah but macro economic
54:18 stability they've redefined to be fiscal space and fiscal space is actually about the debt sustainability Gap and so
54:26 um and what is that word is supposed to be the difference between a country's current debt level and its estimated
54:32 sustainable debt level so now they've created this whole ideology of what is
54:37 sustainable debt yeah and this is where you start it starts to seem weird you
54:44 know if this is really about sustainability how does this make any sense because the
54:49 way most people think of sustainability sustainable debt what like right that's that's silly so
54:55 um yeah then you start to realize that everyone running this for the UN is a central Banker or Wall Street Banker
55:01 right then you're right right right right right and I'm the quote from I think it's John Adams comes to mind that
55:07 there's two ways to conquer a country one is by the sword one is by debt
55:13 so exactly maximizing debt sustainability I would interpret that as
55:19 saddling these Emerging Markets with debt to conquer or control them yeah
55:25 um wow that's uh so basically what this U.N sustainable uh Development Goal is about
55:31 is saying that countries can borrow as much as they want to finance sustainable development spending irrespective of
55:38 actual economic conditions so it's basically de-linking what actually macro economic stability is uh from the term I
55:47 mean it's it's very insane yeah um this is all towards
55:52 centralizing power right I mean the more right so I'll get there so ultimately
55:58 um you have the World Bank you know writing about sdg 17 saying openly debt
56:04 is a critical form of financing for the sustainable development goals so debt is going to be a key vehicle for
56:10 essentially forcing the implementation of those sdgs so then you start to look at old models
56:17 where this essentially uh debt was used for this purpose so what what is the current system uh that's used to force
56:25 the developing the global south or you know developing countries uh to enact policies they normally wouldn't enact
56:31 you know with debt right so it's usually the IMF and the World Bank
56:36 um the you know that particular those particular organizations uh coming in and doing debt rescue packages and all
56:44 of that stuff and you know in order to receive the bailout or you know the money they need to pay off their debt
56:50 and not be insolvent they have to implement these structural changes these policy changes right right yeah so this
56:57 is why I mean I I don't know if you or people in your audience have seen it but at the uh cop 27 meeting and I think
57:04 also the year previously at cop 26 you have Larry Fink of BlackRock uh saying you know if we want to get serious about
57:10 climate change we have to reimagine the charters of the IMF and the World Bank
57:16 so what is he talking about he is talking about uh the plan of a un-backed
57:22 organization that's related to all of this called G fans which is the Global Financial Alliance for Net Zero Larry
57:29 Fink is a principal at G fans the people at ranji fans are essentially Mike
57:34 Bloomberg the billionaire and uh Mark Carney who is a former Goldman Sachs
57:40 Banker Foreman Central Banker for the bank of England and the Bank of Canada so these are the guys you know running
57:47 the show here and what G fans put forth in its policy papers
57:53 um at least one of the ones they had out last year is that what they hope to do uh for the alleged purpose of reaching
57:59 Net Zero more quickly is to reimagine the IMF and the World Bank by merging
58:06 them with the private banking interest that compose G fans creating a new system of Global Financial governance
58:12 their term and uh essentially eroding National sovereignty by forcing uh
58:18 countries to establish business environments that are friendly to the interest of G fans members and a lot of
58:26 these G fans members are developing all these different uh Financial vehicles and and organ organizations uh to you
58:34 know supposedly deliver Net Zero But ultimately you know what you're what they're doing is
58:39 um either establishing uh you know um updating the power grid but they're going to own the power grid for example
58:46 and things of that nature sort of these like development projects that are framed as uh sustainable but you know
58:52 they have owners at the end of the day and some of it is also related to you
58:58 know under the guise of environmentalism what is essentially uh financializing the natural world so turn creating a new
59:05 asset class um you know where different parts of the natural world can essentially be uh sold
59:11 and you know treated as as Financial Commodities uh and this happened in a
59:16 big way I guess a year or two ago the New York Stock Exchange teamed up with a an entity called the intrinsic exchange
59:22 group or ieg which is sponsored of itself by the Rockefeller foundation and
59:28 they created a new asset class called um natural um no I forget exactly the
59:34 term for it sorry but they created natural asset corporations which you can now trade on the New York Stock Exchange and a natural asset Corporation the
59:40 first step you can look at the extrinsic exchange group's website and they're like infographics it's very telling
59:47 um they basically say first you identify like a natural asset that you think you can make money off of basically then you
59:53 make an NAC natural asset Corporation and you take you know ownership of it
59:58 with local stakeholders and then you go public
1:00:03 and have an IPL so this is about and they describe the opportunity there were the opportunity
1:00:10 of this uh by beginning to monetize what they refer to as Nature's economy so
1:00:16 they do a side by side of the projected amount of Assets in Nature's economy
1:00:21 versus the existing economy and Nature's economy is like five times bigger right
1:00:27 based on their calculations so in my opinion this is a weight is just really much uh in a very significant and crazy
1:00:34 and damaging environmentally way expand the existing Casino of our current
1:00:40 Financial system by just pumping in a bunch of new uh by basically just adding new assets to it to the tunes of like
1:00:48 trillions and trillions of dollars but it's stuff that is never before been included in the financial system and
1:00:54 it's really crazy so this is stuff like um rivers and lakes that used to be part of the ostensible Global Commons right so
1:01:02 now that's going to be owned by a natural asset Corporation but it doesn't neces and they're framing it as stuff that's going to protect these uh you
1:01:09 know natural features right but here's an example of what a natural asset
1:01:14 Corporation can do so for example
I live in the Andes and Chile so let's see a natural asset corporation uh decides to
1:01:22 uh take ownership or you know buy for the purpose of conservation a group of
1:01:28 three mountains in the Andes right and let's say that they know that um you know there's copper there some other
1:01:35 sort of metal that tends to be found in the Andes so you know they are there to essentially
1:01:41 manage it and conserve it but okay so this mining company comes along and says hey natural asset Corporation would
1:01:47 really like to mine uh one of these three mountains and set up a mine there um and then you know
1:01:53 based on how the system is set up they can go and find some offset this is how
1:01:59 carbon markets work too right you can find some sort of asset for the environmental damage that's going to be
1:02:04 caused by your mining project uh somewhere half you know halfway around the world and then that makes it okay
1:02:12 per the system to go and then mine this mountain that's supposed to be under conservation
1:02:17 so it's just like a it's just a redistribution scheme yeah yeah basically well mining is such a key part
1:02:24 of the world that the sdgs hope to develop like this electrical vehicle Revolution
1:02:30 um and and all of these other all of this other like high-tech infrastructure not just for cars but like for smart
1:02:35 cities and stuff uh essentially necessitates that all the world's Cobalt and nickel and lithium it's all uh mined
1:02:43 and even with estimates um you know of how many devices would be needed in just a few years after that
1:02:50 type of system starts to get rolling there may not even be enough on the planet of those minerals to produce
1:02:55 those those goods you know so um you know it's really crazy especially when you consider how uh environmentally
1:03:03 damaging minds are it's a major issue in South America and it's a major issue in
1:03:08 Africa and of course these are the very continents most targeted by you know G fans and and these other entities and a
1:03:16 lot of the same people involved in G fans for example Mike Bloomberg is part of a Consortium of billionaires like
1:03:22 Bill Gates and Mark Zuckerberg and people like that that have a mining company called Cobalt metals that is
1:03:28 trying to get all of the world's lithium and gold nickel and everything needed to make this stuff so ultimately this is
1:03:35 about I would say concentrating the wealth in the hands of a very few under the guise of sustainable development and
1:03:42 you can I mean this is just talking about sgg 17 and G fans I mean you start to look at some of this other stuff like
1:03:48 I'm recently like you mentioned I'm doing a piece it's not going to be out for a couple weeks because I'm uh about
1:03:54 to lose child care for my kids because it's summer vacation here um but it's about you know essentially
1:03:59 what they call the blue economy and blue carbon markets and all of this stuff and debt for climate swaps so essentially
1:04:06 you know in one of these examples um it's the leader of this one of the leaders of this I guess is called nature
1:04:13 vest and this is uh the impact investing arm of the nature conservancy which until relatively recently was run by
1:04:19 Henry Paulson who was George W Bush's treasury secretary and former head of Goldman Sachs uh the guy that said will
1:04:27 declare martial law if you don't bail out Wall Street in 2008 that guy so uh naturevest is trying to do this
1:04:34 stuff I think they've done it only so far in seychell in Africa and Belize in Latin America and it's this debt for I
1:04:42 can't remember if they call it debt for climate or debt for conservation swap but it's basically a remaking of the debt for land swap which existed long
1:04:49 before the sdgs almost particularly marketed to like Argentina for example by the IMF
1:04:56 um you know we'll forgive your debt if you give us like a big chunk of Patagonia where all these resources happen to be and stuff so it's
1:05:03 essentially like a land grab recipe at the end of the day and
1:05:08 um you know so they'll forgive x amount of debt and there's all this financing there's all these insurance people
1:05:14 brought in and then the country has to agree to a marine spatial plan they're
1:05:19 called so the one in Seychelles hasn't been implemented yet it's implemented this year so Seychelle is like an
1:05:25 archipelago Nation like an Islands group of islands that's one nation in Africa
1:05:32 and this is going to cover 100 of its territory territory this plan that was created by The Nature Conservancy for
1:05:39 Seychelles right as part of it's this debt conversion process and it's going to divide Seychelles territory into one
1:05:46 of two categories one is a zone that prohibits any sort of extractive human
1:05:52 use you can't go there you can't do anything with it you have to leave it alone and
1:05:58 then the other one is limited use and for example it allows catch and release
1:06:03 fishing so under this plan commercial fishing and seashells basically ends
1:06:08 specifically if it's not you know run by the state or anything like that the way
1:06:13 it's they talk about it on the Seychelles like government website the official website is saying you know it would just be tourism and catch and
1:06:20 release fishing you know no more small scale fishermen going out in their boat and buying you know catching stuff for
1:06:26 their family or anything like that anymore in Seychelles this is I mean it's it's and it wasn't
1:06:33 even all of their debt that was forgiven right and a lot of this is financed by weird stuff they set up like um some
1:06:40 climate trust um and all these different funds some of it involve multi uh you know some of
1:06:47 these development Banks some of it involves uh private Banks or the Central Bank of Seychelles and things like that
1:06:53 you know or ultimately all involved in this but it's all I mean the more you look into it the more insane it sounds
1:07:00 yeah this is all being backed by the UN as as the way to conserve the planet But ultimately what it's about is about
1:07:06 controlling where people go and what they can do um and surveilling them you know another
1:07:12 one of these programs in the blue economy is about getting uh fishermen in
1:07:17 very poor and mostly illiterate fishermen like dependent on apps with like pictures for how they sell their
1:07:25 Pro uh how they sell their what they catch so like they claim to connect them with markets and stuff and you know maybe
1:07:31 that works for a time but a lot you know the idea is to scale these models and the people developing these apps even
1:07:36 say that scale these models for use globally so the idea is to have you know it all on you know on the blockchain
1:07:44 also all visible all surveillable what people are catching and what they aren't and if you're not using one of those
1:07:50 apps and you can't fish that's essentially like the policy framework being set up here is oh it's over when they test this
1:07:58 stuff they test this stuff in the developing world all the time so like the digital ID stuff we talked about earlier they have been testing a lot of
1:08:05 the ID 2020 people uh which is a public-private partnership about digital ID
1:08:10 um I have been testing that on stateless people between the border of Burma and Thailand who have like literally nothing
1:08:17 they don't even have like citizenship anywhere and they're they're testing it on them and trying to like do all this
1:08:23 biometric stuff uh on newborn babies all the way up yeah and you know so they
1:08:29 always test it out on people that don't know what's going on and don't really have a lot of agency or a lot of voice in their own in their own government and
1:08:36 then scale it globally for the rest of us there's a great book titled seeing like a state
1:08:42 and it talks about one of the main aims of statism is to increase the legibility of taxpayers
1:08:49 so you want to know who where everyone is what everyone's doing right you need to know all the economic
1:08:54 interconnections relationships inflow's outflow so you can tax all of it and
1:08:59 that that sounds very much like yeah what this is right you just need to understand that's definitely part of it
1:09:04 but the other part is related to that it's not just about making sure everyone has to pay tax like all the little
1:09:10 people have to pay tax and you know we're seeing that in the US right now with their efforts to like beep up beef up uh the IRS But ultimately it's about
1:09:16 control and it's about surveillance and this is like a major theme here um because you have to factor in AI too
1:09:23 they don't just want to they want to use AI to analyze all of this data that they're sucking up
1:09:30 um not just for the financial purpose of of tax but also to predict what will happen so a lot of this AI is very
1:09:37 predictive or they want it to be predictive and you have a lot of these companies behind a lot of this stuff
1:09:42 like palantir for example very much involved in predictive policing and a lot of people don't know under the Trump
1:09:49 Administration pre-crime as a Department of Justice policy was was created by
1:09:54 William Barr when he was attorney general under Trump and a program called Deep which is an acronym for something
1:10:01 like disrupt uh early engagement uh something I can't
1:10:06 remember the whole acronym uh but it was essentially Justified as stopping Mass Shooters before they can strike and at
1:10:13 the same time uh Jared Kushner was promoting an idea in the Trump Administration called harpa which would
1:10:20 be a health DARPA equivalent DARPA being the pentagon's research arm that's involved in a lot of really crazy stuff
1:10:26 and the idea was to uh data mine social media activity and then use an AI
1:10:33 algorithm to analyze those posts and those direct messages and whatever else is sucked up for early signs of
1:10:40 Neuropsychiatric violence wow and then basically use deep to go
1:10:45 after those people to stop mass shootings and that did not get approved under Trump but Biden
1:10:51 approved harpa but called it instead arpa H put the H at the end so it's arpa Dash H and he put the lady that used to
1:10:59 be affiliated with the cia's DARPA equivalent which is called I arpa and
1:11:05 charging so wow you know that's ultimately where a lot of this is going it's not just
1:11:11 about seeing what's happening in real time they want to anticipate what's going to happen and if you look at a lot of these same structures how they've
1:11:18 developed um the surveillance programs a great example is a what they tried to do after
1:11:23 9 11 with total information awareness or Tia has like the craziest logo in the
1:11:28 history of US government programs uh because it's like the pyramid with the eye like beaming light out covering all
1:11:35 of planet Earth I'm not even kidding like you want to look it up it's wild so what they wanted to do was stop Terror
1:11:41 attacks before they happen the same stuff that harpa was pitching right or was pitched to be
1:11:47 um uh but but by illegally surveilling Americans and they later claimed it was
1:11:54 going to be they were trying to rename it terrorist and information awareness to try and be like oh well you know
1:11:59 we're yeah we're surveilling everyone but we're just looking for terrorists because obviously the name total information awareness means like
1:12:05 everything right but a key component of that wasn't just you know trying to see if
1:12:10 violent acts will happen in the future in pre-crime there was also a sub program called bio surveillance and this
1:12:17 was about predicting before they happen naturally occurring pandemics and also
1:12:23 uh bioterrorist activity so like a bioterrorist like was alleged to have
1:12:28 happened in the 2001 Anthrax attacks releasing something they'd be able to know before anyone got sick and stuff
1:12:34 you know this is all and there's whole companies like in the AI Market that are built around delivering this to
1:12:40 companies and stuff but one of them which teamed up with Rhode Island during covid-19 and is based in Israel and has
1:12:46 a lot of Israeli um intelligence connections if you believe the company who's never had
1:12:52 these statistics audited by anyone independent they say the accuracy of their AI is like 73
1:12:59 so that's not very high is it no that's when you're dealing with major decisions
1:13:04 like that and that's if you believe them it's probably not any better than flipping a coin and so how much of
1:13:10 decision making and this pre-crime stuff and whatever is being you know outsourced to AI algorithms that aren't
1:13:17 actually that good or that actually well the human corruption in the industry so I mean it's pretty crazy yeah the hubris
1:13:23 inherent to all of this uh future predicting pre-crime so I mean this is
1:13:28 just what's the movie Minority Report right I guess very uh I don't know evil but also
1:13:36 hubristic in that we think we can see forward in time through a complex system
1:13:42 like that's that's mathematically impossible um but if you can convince people I
1:13:48 guess right via narrative or whatever that this thing works then you could just start locking people
1:13:54 up for things they haven't done and I think crazy yeah and I think a lot of what we're going to see in AI is
1:14:00 actually going to be that it's going to be hype and a Scion basically right um and to get people to agree to give AI a
1:14:08 lot more power than it should have so for example you have this open AI thing that's backed by Elon Musk and the
1:14:14 Microsoft just bought a 49 stake and there's all this hype about jet you know chat GPT uh it's platform and now this
1:14:22 uh chat bot is passing medical exams it's passing bar exams right and there's
1:14:30 this effort too by um different entities I think Peter Thiel is backing a particular company
1:14:35 that produces an AI lawyer um you know so I mean there's an obvious uh like creep here yeah like Mission
1:14:42 creep I guess you could say to have us Outsource a lot of jobs that we didn't think originally would be on the
1:14:48 chopping block with AI right you know people oh it's factory jobs and all of this stuff well not exactly it's a lot
1:14:55 of other like you know professionals that are on the chopping block too but are how accurate and how good are those
1:15:01 algorithms and whether their limitations I don't think it's properly explored because a lot of these companies uh in
1:15:08 in the AI field you know it's big Tech and big Tech is intimately linked arguably fused with our national
1:15:13 security agencies so uh Facebook has a long history with DARPA Google has a
1:15:20 very long history with the CIA so does palantir and a lot of these other companies and they're you know
1:15:26 so big drivers of that particular market and of course Microsoft you know is pretty clear their affiliations as well
1:15:33 so the Confluence of all these things as you mentioned earlier is this erosion of
1:15:39 national sovereignty seems like a tendency towards one locus of power
1:15:44 or or one or a few perhaps Loca of power in the world
1:15:50
else can we do right so you know what you mentioned about about Bitcoin like that's a step
1:16:31 towards sovereignty and your finances but if you think about like how is one
1:16:36 truly free from the system or whatever you want to call it it's not just about money is it because money is what like
1:16:43 we ultimately use to buy the things we need but what if you can produce the things you need yourself or what if you could be in a community that produces
1:16:49 those needs or can assist you with them uh if you don't have money or something
1:16:54 like that right because there have been times obviously at some point in human history I mean it's money is a human
1:16:59 invention right but humans existed before money yeah so you know what do we
1:17:06 need to survive well I food shelter all of that stuff you know if you are are
1:17:11 worried about the government going after Bitcoin or you want to hedge your bets not have all your you know eggs in one
1:17:17 basket it would make sense to invest in a homestead in a house and gardening or
1:17:23 even if not if you can't do that you can you know put money into like farming co-ops or like local farms that can
1:17:30 produce it and they'll Supply you in times of you know economic crisis or
1:17:35 whatever I mean there's a lot of different ways to to look at it but ultimately it comes to developing your
1:17:40 local community whether it's like your local Homestead or like your neighborhood you know somewhere where
1:17:46 you can actually as one person like affect actual change which is going to be on the local level so you know
1:17:54 unfortunately especially you know it's not exclusive to the US but I think it's true in the U.S like you're not really
1:17:59 going to get any help with what's coming from the state or national government uh
1:18:04 maybe you have a better shot at affecting change in local government for a window of time uh but that's not
1:18:12 guaranteed either
but ultimately it's all it all comes down to parallel systems from the existing system right because if you
1:19:46 continue to be in a situation where you're dependent on the existing system and they're going about
1:19:51 Transforming Our World right and transforming all of those systems they are going to try and lure you into this
1:19:58 new system that is not like the old system at all it's much more predatory and controlling and dystopian than
1:20:05 anything humans have ever been subjected to in in our existence as a species so
1:20:10 yeah yeah go along for that ride or you start investing and how to not go along for that ride right right right yeah and
1:20:18 it's not going to be the same for everybody right yeah and it's painful either way right you can either just
1:20:23 lull yourself into complacency thinking that we're all wearing tinfoil hats and none of this will happen and then you
1:20:29 subject yourself to the ultimate pain of that dystopian future or you invest you
1:20:35 know endure some pain now kids yeah and your kids yeah so yeah and then yeah
1:20:41 Grassroots political maneuvering maybe that has some effect but obviously it's not going to change
1:20:46 um these giant power dynamics that are already in motion what motivates you to do this work I
1:20:54 mean you seem like you spend a tremendous amount of energy and bandwidth tunneling into these rabbit
1:21:00 holes like what is your what's your deeper motivation in all of this
where I was like that's weird that I wouldn't be taught about that um and you know and then you start
1:23:41 thinking back and you're like wow it's weird that in high school U.S history classes Focus so much on the 1700s and
1:23:47 the 1800s and then they get to the 20th century and they're like two weeks and they like leave out
1:23:53 everything they leave out like the Federal Reserve they leave out the Kennedy assassinate I mean they leave out everything and it wouldn't that be
1:23:59 the most relevant period to like dig into in a U.S history class yeah so
1:24:04 anyway you know it's all about trying to dispel people of a lot of these illusions that have been imposed on us
1:24:11 because um I think one of the things we have to break free from is what I guess I would
1:24:17 call uh like the colonization of our minds so basically we have been primed
1:24:24 through the school system and other systems to be good obedient slaves to these guys that are in power and so how
1:24:31 do you free yourselves from those you know theoretical shackles right part of it is about taking personal
1:24:37 responsibility like we talked about in the beginning like not looking for these saviors to tell you what to believe or think they're going to fix everything
1:24:43 and then I mean they're going to be marching out over as a lot of the stuff progresses you know new and new faces or
1:24:50 uh different people that they want to fill those roles in our psyches and we
1:24:55 have to say no um and I think um one of the big shackles and
1:25:02 continuing with this metaphor would be that we have become slaves to convenience
-> The Qur'an 17:16 -> also 17:58 - all the cities will be destroyed - WWIII and who knows what (the seas engulfing - caused by man's hastiness - man-made climate-induced chaos?), and Allah S.W.T. knows best.
- It is advised (to me) to be humble and speak the truth (and advise to truth). I don't know."Do you feel secure that Allah S.W.T. will not cause you to die as you go about in your business (and work) every day? And - 'we tarry for a time and I (and everyone) will be brought before the Lord' - all things pass. So take heed! or not. I control naught (for) you and you control not me and I worship what you do not worship nor do you worship what I worship....(to the disbelievers).
---
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Islam - "Seek knowledge and understanding": Global Capitalism: Challenging Capitalism [March 2023] Democracy At Work 23K views
This evening I'm talking about challenges of capitalism. But it's better entitled
1:37 'Challenges to Capitalism.' And I've divided the presentation into four parts because there
1:45 are four different kinds of challenges I want to draw your attention to, partly in the hope
1:51 that they will, or my I talking about them anyway, will help them converge into the kind
1:58 of organized unified challenge that can make the transition to a better system around the world.
2:07 So I'll be talking first about the general strike in France going on literally as we speak.
2:16 I will then be turning to the remarkable new role of women in unions and strikes across the
2:25 United States. Not that it's new that women are doing that, but they're doing that with
2:30 an intensity and in numbers that deserve a lot more attention than they've been getting.
2:37 Third, I want to take a look at the American economy right now. There's a remarkable combination of rising inflation rates, rising interest rates,
2:50 the instability and deepening inequality of our capitalist system. That, too, is a challenge to
2:58 the system. And finally the fourth challenge will be the challenge represented by China and
3:07 by the struggle between China and the United States, where I think you'll see a remarkable
3:13 other way of capitalism being challenged you might not have thought about before.
3:20 Let me begin then with a nod to Hegel, with a nod to the notion that everything is a unity of
3:28 opposites. I want to give an example of someone whose work and project is carefully crafted not
3:37 to challenge capitalism, to avoid even raising the question of capitalism in her politics. And it's
3:47 an arresting example of some of the forces that are pushing against the challenging of capitalism
3:56 that I still think is the major theme of our time. The person I have in mind is the foreign minister
4:05 of Germany. Annalena Baerbock is her name. You may have heard or watched her speeches. I pick
4:15 her for several reasons. First of all, Germany is the most powerful economic unit within Europe.
4:23 Number two, Germany is the only major ally of the United States in the Ukraine. Yes,
4:32 I know it, we the United States has other allies, but the Germans are by far the richest and the
4:38 most important of them. And so there's a special role for Annalena Baerbock in the world today.
4:48 She also announced very recently that the German government, she in particular,
4:54 are now calling what they are doing a "feminist foreign policy." Thereby she seeks to define
5:06 something that has very different meanings in many cases than the one she gives to it.
5:13 Let me explain: Annalena Baerbock comes out of the Green Party in Germany. The Green
5:23 Party is a major component of the coalition of three parties that currently governs Germany.
5:32 Schultz, the man's name you've heard of, as the leading figure in this government comes out of
5:40 the Socialist Party or the Social Democratic Party of Germany. But a crucial ally of the Socialists
5:48 there are the Greens. And Annalena Baerbock is a representative and a leader of the Green Party.
5:58 Now what's remarkable here is that Greens in Germany used to be a party
6:04 that included in its earlier days a very powerful strong anti-capitalist component.
6:13 Those were the people who, as in green parties in most of the rest of the world, understand that one
6:21 of the causes, shapers of the ecological crises of our time is capitalism; the industrialization,
6:29 the profit-above-all-else mentality, the disregard for the costs to our environment of making a bit
6:38 more profit if you're a fossil fuel company or if you're a transport company or anything else.
6:45 That had led greens around the world to consider, in a proper way I would argue,
6:52 that capitalism is itself one of the major obstacles to solving the problem of climate
7:01 change, global warming and all the rest. But the Green Party in Germany split years ago.
7:09 And what remained of the Greens, what took over the Greens were those members of the party that
7:17 weren't comfortable with challenging capitalism, that weren't willing to be anti-capitalist. They
7:25 left, many of them formed what's called The Left/DIE LiNKE party in Germany. And others
7:33 dispersed and the Green Party was left in the hands of people like Annalena Baerbock.
7:42 Here's what she means, apparently, by a feminist foreign policy: she is perhaps
7:50 the most aggressive ally of the United States against Russia in Ukraine that you could point to.
8:00 More even than Mr... well, let's leave it at that, more even than the British
8:07 or any of the other countries that are allies of the United States. Annalena Baerbock wants
8:15 very close to going to war with Russia, has even slipped in on a couple of occasions and talked
8:22 like that - NATO versus Russia. She's ferociously anti-Russian, ferociously driven to this war,
8:31 pushing inside Germany for Germany to do more, even recently the decision to send tanks.
8:41 And, for those of you who don't know your history, the image of German tanks moving against Russia
8:52 has an effect inside Russia that, really, if you wanted to unify that country behind their leader
9:00 more than already is the case that would be a good way to do it. And we're watching that unfold now.
9:08 Annalena Baerbock is a big supporter of abortion and access to abortion everywhere including in the
9:17 United States. That's clearly part of what she means by a feminist foreign policy - ferocious
9:27 against Russia and for war over there, ferocious in her support of access to abortion,
9:36 but determined never to question, to challenge capitalism at all.
9:45 In contrast, I now want to focus you on four areas that are the opposite of
9:52 Annalena Baerbock. People, often women, who are determined to make capitalism a
10:01 key part of what they think needs to be challenged to make a better world.
10:07 So let me begin with the first of our four topics: the general strike in France. And
10:17 here this is going on now. And I want to explain it and draw the conclusion I think it teaches us.
10:27 Repeatedly in recent French history an effort has been made to take away from the French working
10:35 class gains and benefits that they have won over the years through strikes, through elections,
10:45 in countless ways. One of these gains won is a national pension system. In France when you reach
10:58 the age of 62 you can go on retreat, in the French language 'retrait', you can retire (in English)
11:09 at age 62. Successive conservative, business-oriented governments have
11:17 tried in France to take away that benefit. Here's how they've proposed to do it:
11:26 those who work this way never honestly say what they are doing. They come up with clever wording
11:34 in the hopes that they can fool elements of the working class not to see the deprivation
11:41 being imposed on them. So of course they call what they're doing pension reform.
I don't have any personal grudges but I dislike very much so, the liberal globalist "open society" type of views and the dangerous and destructive, uncritical, uncaring, war-mongering. That this behaviour is acceptable at all for a Forein Minister of a country such as Germany, in 2022 nonetheless, says much about the state of democracy in these times, is just sad...
n Germany the Greens in France are participating in all of this. Unlike Annalena Baerbock in
21:21 Germany these people know that capitalism is a big part of their problem. Not all agree it's that,
21:31 but those who are explicitly anti-capitalists are a recognized, welcomed part of the larger
21:40 community that's focused on saying "you don't take away our pensions." And it's not lost on anyone
21:51 that having that anti-capitalist component is a powerful support
21:59 for the chances they have to win this fight with Mr Macron. They could not do it without
22:06 the anti-capitalist political parties, without the anti-capitalist militants that are part of
22:13 all of this. This is a challenge to capitalism. You want to take away working class rights - an
22:21 effort of capitalists everywhere all the time. It's part of what maximizing profit is all about.
22:28 It's a clever phrase: we maximize profit. Sounds like you're not hurting anyone. But it is always
22:34 partly at the expense of workers; whether that means replacing workers with machines,
22:40 whether that means exporting jobs to places where you can get away with paying workers
22:46 less. You get the picture. The French are fighting back, they are challenging capitalism.
22:52 Not the least lesson of the French challenge to capitalism embodied in this struggle over pensions
23:02 is the importance of unifying the labor movement; unions, left-wing political parties,
23:10 including those explicitly anti-capitalist and the social movements, many of which have
23:16 their anti-capitalist components. More and more it's becoming clear to people
23:23 that capitalism is part of the problem. And that overcoming and moving beyond capitalism is part
23:30 of the solution. That is a strengthening glue to bring all these things together.
23:38 And the French are absolutely pioneers in the past as far back as the French Revolution,
23:45 in the recent past in the yellow vests and now in this struggle over pensions.
23:53 I want to turn next to women labor unions here in the United States where I am speaking from.
24:03 And I want to point something out. Since 2019 women have become half the labor force in this
24:11 country. That is by labor force we mean the people who work for a wage at an enterprise
24:18 etc. or a government office. The notion of women as in the home has long been
24:27 questionable. And now it is simply a mistake for people to think like that. Women still have
24:34 the majority of work assignments at home in the household, a leftover of a culture
24:42 that has not yet adjusted to the economic realities of our time. But women are now
24:51 half of the paid labor force in the United States, going up or down sometimes. Women inside labor
25:01 unions have noticed the fact that women in a labor union are earning roughly 30 percent more than
25:09 women who are not in a union. That's a bigger gap than you would see if you looked at men.
25:18 It's really interesting that women are now the leading force in unionization.
25:28 60 percent of the unions formed in the last two or three years of a rising militancy of
25:35 labor organization have been women. Women are not only part of the labor force, they are more
25:43 and more entitled to be called a leading part or the leading part of American unionization.
25:53 And it's interesting for us to examine for a moment why that is.
25:59 Okay, here's an interesting thought for you to process or process with me. The
26:07 majority of the workers deemed essential during the pandemic were women workers.
26:15 Women lost most of the jobs that were lost because of the pandemic and the crash of the
26:22 capitalist economy that happened together with the pandemic. Women were disproportionately affected
26:31 because they are still given the majority of child care tasks. Women were disproportionately
26:37 affected by the collapse of the inadequate child care system the United States already
26:43 had before the pandemic hit, which was made much worse by the effects of the pandemic.
26:50 In short, women lost the support they got from child care centers when those were closed.
26:58 Wow! Women were forced by the pandemic and the crash and the failure of the government to
27:07 step in and offset those things - a terrible failure of American capitalism. Women have
27:14 become more militant. They've understood badly and painfully the failure of this
27:22 society to support its working class. They are discovering through the dense fog of ideology
27:32 that they need unions and that they need change. And that's why they're becoming leaders;
27:40 striking, unionizing, teaching one another, their children and all the rest of us
27:48 what they've learned. Which is there needs to be big challenges either to get capitalism to
27:57 change itself and perform better for the mass of people. Or to give way to an alternative system
28:04 that can serve the majority of people better. You can condense all that and think to yourself.
28:13 It's a radicalization of women. That is indeed what is happening.
28:22 The growing inequality that I'm going to speak to in a moment as the third challenge to capitalism
28:29 plays its role here too. But it plays its role in an interesting differentiation.
28:38 The strains and stresses of capitalism, the relative decline in real income
28:47 that we are suffering and have suffered for years now, the instability of an economy that has really
28:54 crashed now twice in the last 15 years - 2008 and 9, the so-called Great Recession and then
29:04 the crash of 2020, worsened by the pandemic. It's shaken everybody. That's why this society is riven
29:14 with so-called culture wars and social divisions and regional divisions and racial divisions,
29:23 the feeling that so many have that the country's falling apart. Yeah, but it's playing a particularly interesting gender-different role.
29:35 A much larger proportion of middle-aged white men find Mr Trump's effort to cope with this collapse
29:46 more attractive compared to women, who are much more likely to go not in Trump's direction but in
29:56 a progressive direction. It's quite clear if you look at the progressive Democrats the proportion
30:05 of women among them is obvious. And that's continuing. This is a very deep fissure opening up
30:17 underneath the complacent exterior of U.S society. Women are taking a lead.
30:28 And I think we're going to see more and more that they come to understand, as the French did,
30:36 that capitalism is a big part of the problem. And going beyond capitalism
30:44 can and should be a big part of the response and the solution that people find and pursue.
The third challenge to capitalism going on around us has to do with what I want to call (because I
32:04 believe that's what it is) the broad-based continuing assault on the American working
32:13 class. Which has analogs in other parts of the world, too. That's why I believe telling the story
32:21 about the U.S will have implications for those of you watching from other parts of the world.
32:30 The last five years have been extraordinary in their assault.
32:37 Indeed, in the last 30 years the assault on the working class is absolutely remarkable.
32:47 Here's how one can articulate it briefly:
nd then the Federal Reserve raises interest rates - another burden particularly difficult
39:49 for the families most indebted. Which are who? The working class families - since
39:54 the last 40 years accumulating debt which they now have to pay higher interest on.
40:01 Here's a point: you cannot do that to a working class without severe psychological, political
40:14 consequences. You can try to hide it, you can try to blame it on - I don't know - the Chinese
40:21 or waves of immigrants or whatever scapegoat you can look for. But you can't evade terrible
40:29 consequences. And the rising shootings in this country every day, the racism and the white
40:37 supremacy reviving as a desperate effort to cope with what's going on, the development each week of
40:47 a new conspiracy theory to come up with some wild explanation. Because people are wild with worry.
40:54 They know the system is in trouble. They feel that it's falling apart. And in many ways it is.
41:04 Except, of course, in the world of the mass media, of our corporate leaders and our
41:09 political leaders. They need to keep the pretense going: oh, the economy is recovering. Really?
41:18 We have a higher percentage of people living with their parents and grandparents than we
41:24 have had in decades. The polls all indicate that more than half the American people feel
41:31 the country is going in the wrong direction and feel that "things are falling apart."
41:39 And in all of this horrible experience of the working class nothing should
41:45 be surprising about this fact: those who are criticizing capitalism are getting an
41:55 audience the likes of which they have not seen for nearly a century - should surprise no one.
42:05 Capitalism has not solved its problems. It's bringing them back to us big time.
42:14 This is a new century. We've had three crashes: Dotcom Crash in 2000, Subprime Mortgage in 2008,
42:22 COVID, 2020. Every four to seven years in the 20th century, right on schedule in the 21st.
42:31 All the apparatuses of capitalism: monetary policy, fiscal policy, the Federal Reserve,
42:38 the tax-and-spend programs, the Congress, the Chairman and Vice Chairman of the Council of
42:44 Economic Advisors, all the brain power capitalism can mobilize cannot stop its instability
42:52 and the enormous cost it takes out of the working class. Because those at the
42:59 top spend their efforts making sure that the instability of capitalism doesn't impact them.
43:07 It impacts the workers thrown out of work, it impacts the mass of working class people
43:12 who face the inflation in the supermarket every day. The system is organized to put the burdens
43:20 of itself onto the mass of people and to keep those at the top rich and comfortable.
Recently looked up : -------->
https://news.harvard.edu/gazette/story/2020/07/long-term-survey-reveals-chinese-government-satisfaction/ -- While American polling reveals very low satisfaction with Federal government BUT high levels of trust and satisfaction with local government. (Can easily look up such information).
Here's another one from another direction. It comes from China. And it has to do with an old traditional anti-capitalism. What do I mean?
45:07 Well, almost from the beginning of capitalism something was true about
45:14 it that had also been true about the feudalism before it, the slavery before that and so on.
45:22 Every economic system of which we know the history displays pretty much across its entire lifetime
45:33 a combination of people who love it, celebrate it, approve it on the one hand and people who are
45:42 critical of that same system on the other hand. The critics think we can and should do better.
45:49 The non-critics - the celebrants - say 'no, no, this is as good as it gets, let's leave it alone.'
45:57 You really do know that. You know that there were people, for example in slavery,
46:05 who thought it was the best system one could have, celebrated it in countless ways.
46:13 And you know there were also people who said "my God, we can do better." If you ever study American slavery you'll know that there were many forces in the United
46:22 States right from the beginning who didn't like slavery, who thought it clashed with their Christian morality, who thought it clashed with the Universal Declaration of Human Rights,
46:34 who were uncomfortable at The Constitution or the Declaration of Independence [which] are full of
46:39 phrases about all men created equal and all the rest of it. And clearly the slaves weren't equal.
46:46 Yeah, there were people who were critical. It took a long time for the their criticism
46:51 to merge with the victims of slavery to provide the basis to overturn it.
47:01 Yeah, feudalism had its critics. And, you know, capitalism had its critics,
47:06 too, right from the beginning - Karl Marx, who developed the criticism to a whole new level
47:16 that has since inspired 150 years of experiments and practical efforts and theoretical efforts to
47:24 critique capitalism and go beyond. But even before Marx and alongside of Marx loads of
47:29 other people had various kinds of criticisms of capitalism. Some of them wanted to make
47:36 it a better capitalism. Others said "no, that doesn't work, you have to change the
47:42 system." They had exactly the same debate inside slavery, inside feudalism or any of the others.
47:49 So the socialist tradition took off. Basically in the early part of the 19th century it began
47:57 to develop. 19th century non-Marxists, other people and Marx and the people he inspired, all in
48:05 their different ways, developed the tradition of criticizing capitalism. And it spread all over the
48:13 world with capitalism. Because you know what the fundamental cause of the critique of capitalism
48:19 is? Capitalism itself. Wherever it spreads it brings those who love it and it brings those
48:27 who are critical. It inspires people to admire it and it inspires people to think we can do better.
48:36 We're grateful of the people who thought you could do better than slavery, because that helped to get us beyond that. And we're grateful to the critics of feudalism,
48:45 you know, like Adam Smith, because it helped us get beyond feudalism. And we will likely be grateful someday to the critics of capitalism,
48:55 myself included I hope, for having enabled us in a little bit of help to get beyond capitalism.
49:04 So where does this connect to China? Well, there was a very interesting development in the socialist movement of the 19th and 20th Century.
49:17 To the surprise of everyone socialists over the century - the 19th century and into the
49:23 20th - became steadily more powerful. But they became powerful as a subordinate social force.
49:33 Yeah, they won the trade unions and they developed the corps of intellectuals and
49:40 they developed some social movements of various kinds. But the governments were in the hands of
49:46 the capitalists. That's the story of the 19th century and that's the story most of the 20th.
49:53 Then something odd happened. In 1917 as a byproduct of a terrible, worst war in human
50:02 history - World War One - fought among capitalist countries struggling against each other,
50:09 a byproduct of that was the Russian Revolution. And the Russian Revolution brought to power a socialist government for the first time. That
50:21 was a real step up for what socialism could claim it could do. It went beyond
50:27 being a movement of some people in a capitalist society to being the government of a society.
50:37 And they had a remarkably smart leader, Lenin. And one of the many things he taught and said
50:46 about his revolution: two or three years into it he made a famous speech in which
50:53 he said "you know, what we have here is we've made a revolution against capitalism
51:00 but it's kind of only gotten halfway to where we need to go." And he had a name
51:06 for what halfway meant. And you'll see how this connects to China in a moment.
51:13 He called where Russia had gotten to, say by 1920-21, state capitalism - Lenin's phrase.
51:23 What did he mean? He said well, we the working class, the Communist Party of
51:29 Russia, we have captured the state, we made a revolution and we control the state.
51:37 But what goes on in all of the factories of Russia at that time, in all of the offices, in all of the
51:47 farms is what was here before. We either have a self-employed person trying to make their
51:55 little business work or we have an enterprise in which there's a small group of people at the top.
52:04 You know, like the owner used to be or like the private capitalist board of directors used to be
52:12 and a mass of people who are the employees. Employers/employees - that's capitalism we don't
52:20 want. We want to go beyond that. We don't want to keep going this division of the workplace into
52:27 a few who run it and a mass of people who take orders. That's how slavery works: master/slave.
52:33 That's how feudalism works: lord/serf. And that's how capitalism works: employer/employee. We don't
52:40 want that. A revolution beyond capitalism has to go beyond that and we haven't done that.
52:46 Lenin was honest. What we've done is replace - here we go now - private capitalism - individuals,
52:56 boards of directors, shareholders, all those people who have nothing to do with the government, they have all the enterprises. We've changed that. From many of them we took it away. And we now make
53:08 them state enterprises. The government owns them, runs them. But you know what? We run them like
53:16 capitalist enterprise; a small group of officials who run it and an army of workers who come for
53:25 wages - their employees. They notice that the people telling them what to do have changed. But
53:32 they're still in that position: employee versus employer. We haven't finished our revolution. Wow!
53:44 Lenin died very early - 1922-23; brain aneurysm and he died, wasn't leader of the Soviet Union
53:52 very long. The next leader - more famous probably than Lenin - was Stalin. And he
54:00 had hope maybe to go beyond, like Lenin did. But other countries didn't go through revolutions
54:06 like Russia. There was no one to work with on the part of the Russians. So Stalin gave up.
54:12 And Stalin said I'm going to create socialism in one country. Before that people had thought
54:18 the world would have to change, you couldn't just do it here or there. Yeah, he gave up.
54:26 Now, China looked at what the Soviet Union did with its socialism, were impressed that they
54:34 were able to take it to the next level, impressed that the government was doing what it was doing.
54:40 But it also had to face the fact that something in Russia didn't go well. Because in 1989 the
54:48 Soviet Union collapsed, imploded and went back to a mainly private capitalist system.
54:57 Gee! And so the Chinese, raised up in the socialist tradition, aware of all of this,
55:06 made a crucial decision that they were going to produce a different kind of socialism.
55:17 They call it socialism with Chinese characteristics. What exactly does it mean?
55:25 It means they're not going to do what capitalism did in its first two or three hundred years - be
55:32 a private capitalism. You know, the kind of capitalism we have here in the United
55:37 States or in Great Britain or in Germany, where most of the industrial activity,
55:43 most of the production of goods and services is handled in enterprises, organized with an
55:50 employer and an employee, the great division. We're not gonna do it with all private and we're
55:59 not going to do it with Russia's alternative - the state taken over. That didn't work out.
56:05 Here's our solution: we're going to do a hybrid. We're going to give some
56:14 position for private capitalists, both Chinese and foreign.
56:19 But we're also going to hold on to a big sector of the state owning and operating.
56:25 We're going to have a mixture of these two. And we're going to make them all controlled
56:31 and coordinated by a powerful political force which is called the Communist Party of China.
56:41 Notice I didn't say a word about private and state capitalism because the Chinese
56:48 haven't gotten further than Lenin did. Lenin substituted state for private,
56:54 China substitutes state-private hybrid for the private. That's the difference between
57:01 the United States and China. The United States is overwhelmingly private, with a small state sector.
57:08 China is more 50/50 - much bigger state but a huge private sector as well.
57:16 But China hasn't gotten beyond the employer/employee relationship.
57:23 But what China has done is raise a fundamental challenge. Why? Because this hybrid, this
57:33 combination of a private capitalism and a state capitalism controlled by a communist party has
57:41 taken China, in half a century, from one of the poorest countries on the face of the Earth to the
57:49 most serious competitor to the United States in the history of the United States or of the world,
57:58 an unbelievable accomplishment. China has grown its economy two to three times faster
58:07 than the United States for the last 30 to 40 years, the years during which the American
58:14 capitalist system suffered a greater and greater inequality, tension-filled as I spoke about a few
58:22 moments ago. This was a time when the Chinese soared in terms of their economic achievement.
58:34 But the issue remains: is the Chinese a solution? Or is the Chinese the last phase of a capitalism
58:46 that can't work? If it's all state capitalism - that was Russia - or if it's overwhelmingly
58:54 private capitalism - that was the United States and still is - is that hybrid the last way you
59:05 can hold on to a capitalism? Are the difficulties, intentions and contradictions inside China - and
59:15 there are plenty of them... are they the first signs of the final recognition we've tried
59:24 everything, including this private/state hybrid, it doesn't work, it's not enough
59:33 and we need to change the system? By which we mean finally no more minority
59:41 of employers facing a majority of employees. That's not a sustainable system. Just like in
59:51 the end slavery went when people basically understood it's not this or that detail of
59:59 slavery, it's not whether the slaves are whipped or not or whether you separate the family or not
1:00:04 or whether you feed the slave adequately or not. The problem is one group of people - a
1:00:10 small minority - cannot literally own other human beings, that's got to go and it did.
1:00:20 And one group of people doesn't swear to love, honor and obey another, where one is
1:00:26 the lord with all the power and the other is the serf with none. That didn't work either.
1:00:35 What may well be happening in the world today is the most profound challenge to capitalism slowly
1:00:44 emerging out of these four different kinds of challenge of capitalism. And that challenge is
1:00:51 employer/employee organization of the workplace is the problem. It's the problem that lies behind
1:01:04 the efforts of the few to deny two years of retirement to the many in France. It's behind
1:01:13 the creation of impossible burdens, especially on the women workers of the United States,
1:01:21 the creation of impossible burdens on the working class of the United States for the last 40 years.
1:01:30 And it's the question emerging out of both the success China has had in outgrowing
1:01:37 private capitalism in the United States and everywhere else versus the fact that it has
1:01:45 not gone beyond what Lenin recognized as the continuing capitalism. And that socialists now
1:01:54 have to, in a way, bite the bullet. They have to understand that it's at best one kind of socialism
1:02:05 to play around with what is still a capitalist workplace. And it's another kind of socialism
1:02:11 that says that workplace itself has to be revolutionarily transformed if we're going
1:02:19 to get beyond the burdens, the flaws, the failures of a capitalism that works for ever fewer people.
1:02:32 Thank you for your attention. I want particularly also to thank you for being an active,
1:02:38 engaged audience with us.
-----------------------------------------------
GREAT - powerful:
in this episode I will inquire into a rapidly expanding Global threat to an
0:21 elemental human necessity
Mega landlords
as an introduction to the episode
0:28 I want to give you my definition a mega landlord is a type of corporate
0:35 landlord that leverages private Equity to exploit the housing vulnerability of
0:40 large communities undergoing Financial stress during and after a crisis
0:47 the profitable objective of the mega landlord is to transform entire
0:52 populations of homeowners into renters and gridlock the housing market so that
0:59 disadvantaged future Generations become dependent on their rental properties for
1:04 basic shelter
in my view Mega landlords are a legal
1:11 new breed of urban terrorists they must be urgently dismantled through
1:18 concerted efforts of direct action protest media exposes political
1:23 pressures and the passing of new legal instruments
a little over three months ago in November 2022
2:13 JPMorgan Chase one of the largest financial institutions in the world with
2:19 assets of more than 3 trillion dollars announced that it had entered a joint
2:25 venture agreement with the opportunistic private Equity Firm having Realty
2:30 capital stating that they will begin acquiring over one billion dollars of Bill to rent
2:38 properties commencing with a regional focus in Atlanta's Urban region
2:45 this announcement was just one of the most recent in a rapidly growing private
2:51 Equity investment Trend towards the mass acquisition of single-family rental homes across the globe
2:59 as with most large Enterprises under capitalism this investment trend follows the many
3:06 predictions of an ever-expanding Market from which to extract as much profit as
3:11 possible and at the same time support the Urgent needs of capitalists to
3:16 launder and absorb their money Surplus into more secure assets
3:23 for residential real estate the 2008 Global financial crisis
3:29 and recently the pandemic crisis created such expanding market conditions
3:36 among the most stocked early examples of these predatory behavior are the residential real estate
3:42 acquisition tactics employed by the American private Equity Firm Blackstone
3:48 this during the six year long Spanish mortgage crisis that began of course with the global financial crisis in
3:55 2008. during this period Blackstone specialized in providing urgent
4:01 liquidity to cities and Regional governments these by acquiring rent stabilized apartments from them
4:09
6:55 but now let me get back to the topic so since it's highly profitable ventures
7:02 in Spain Blackstone has only been expanding its property owner footprint
7:09 and thanks to the pandemic crisis it is now considered to be the largest
7:14 commercial landlord in history just in 2021
7:21 it's distributable earnings increase a staggering 85 percent
7:27 reporting the most lucrative results in its history it has accumulated a global real estate
7:34 portfolio valued at close to 600 billion dollars
7:40 and it now has total assets approaching 1 trillion dollars
7:47 book is in perspective this is approximately 65 percent of Spain's annual gross
7:54 domestic product or GDP 14 largest economy in the world
8:04 today Blackstone boasts a rapidly growing presence in Europe and the asia-pacific region
8:10 with significant real estate Investments in Germany the UK Japan Brazil India
8:17 China and obviously in its home turf the USA
8:24 back in the mid-2010s Blackstone became the poster child of
8:29 predatory Mega landlord ship after all they were the pioneers
8:35 and thus the American private Equity Firm has been a constant Target from
8:41 housing rights Advocates and legislators across the globe and rightly so
but it is important to stress that this is not a unique American phenomenon
23:11 this is a global Trend and Global Finance is spearheading it
23:16 with the aid of your Pension funds of course for instance the European public Real
23:22 Estate Association reported that the market capitalization of Europe's publicly traded residential real estate
23:29 sector searched from 3.5 billion euros in 2006
23:35 to almost listen to this 85 billion as of July of 2021.
23:43 this is an absolutely staggering increase of 2 300 percent in 15 years
23:52 2 300 percent and the rent has not gotten cheaper
24:00 for example in some cases the rent prices in a city like Berlin Rose 40 45
24:06 43 percent in the periods between 2016 and 2021.
24:15 so why what are the implications of the fact that Mega landlords are
24:20 amassing millions of homes worldwide with the sole purpose of being traded as
24:26 Commodities in the stock market needless to say with the aim of
24:32 maximizing profits for investors
here is the second scenario besides the prospect of continuous rent
26:09 hikes abusive extra fees and reductions in
26:14 maintenance and building improvements are to be expected as Mega landlords will try no matter the social
26:21 consequences to keep the business lean and profitable
26:28 Blackstone has also been Paving the way on this front
26:34 in a special investigative report the news agency Reuters
26:39 mentioned that Blackstone Properties in the U.S have been flooded with common
26:45 complaints of black widow spider infestations floods of raw switch
26:51 plumbing leaks Vermin toxic mold non-functioning compliances and months
26:57 long waits for repairs in Madrid the tenants Union has also
27:04 accused Blackstone of extreme rain hikes and lack of maintenance the same happened in Stockholm where the
27:12 company bought 16 000 apartments and increased the rent by 42 percent on over
27:18 a thousand of them while reducing their upkeep costs and maintenance
27:27 and lastly here's the third scenario with their enormous power
27:34 Mega landlords will influence even more urban environmental social and economic
27:41 policy as they buy out politicians Sue municipalities
27:47 and of course misinformed borders this is what the mega landlords did in
27:54 California back in 2018 when in Coalition with the real estate
28:00 development Lobby they spent over 65 million dollars seven
28:06 of them by Blackstone in a concerted campaign to oppose California's proposition 10.
28:15 which would have introduced rent control measures to help thwart the dramatic increase of
28:21 rent burden families and an out-of-control level of homelessness
28:28 one of the mega landlords in the coalition the chicago-based equity residential
28:36 has been for example hoarding trailer home parks this is where people at the
28:41 brink of homelessness tend to live and they've amassed throughout California
28:47 while subsequently initiated expensive legal proceedings against small
28:52 municipalities that hosted these parks aiming to eliminate Regional rent
28:58 Control ordinances and here I go back to the pension fund
29:05 contradiction I touched upon before a large part of the 65 million dollars
29:12 in campaign funds to stop proposition 10. were derived from investor pools
29:19 composed of several state and local pension systems Public University endowments among
29:26 others our governments education system and
29:32 other institutions created to protect us and support our retirement are all in it
29:42 across the world the finance takeover of housing is ramping up
29:48 and as with most things touched by Finance the new asset class of single-family
29:54 homes coupled with the continuous buyouts of multi-family units
30:00 directly threatens the livelihoods of the majority of the world's population
30:05 as well as the well-being and security of all coming Generations
30:14 I want to end up with a question to you how is this not Criminal
ðŸ˜ðŸ˜ Allah Akbar
------------------
@theageofgoddess
2 weeks ago
This is absolutely criminal and an injustice on the majority of people. They need to be stopped, we do outnumber them.
@laurantone
2 weeks ago (edited)
Born and raised in Southern California, I was forced to move out of state after my divorce because I could not afford a rental. Moved to Nevada, where the trend has spread and can barely afford a roof over my head as a single woman living alone, working 40 hours a week. A state should protect a native born citizen and not allow this crap to happen. I just want to go back home to Los Angeles, afford rent and find a job that will support the roof over my head. Thank you for your video.....I've known about these predators for months. It's no surprise politicians are in bed with these lobbyists, while these same politicians lie to their constituents' faces over and over again. There's more of us than them, however, I'm afraid we don't have the money to fight off this evil.
Read more
@suicidefly2 2 weeks ago This happened in Chicago as well, where rents are very high, especially in certain neighborhoods l. We call it gentrification. I was part of a group of people who took the City of Chicago to court. We might' have decreased the impact, but in the end could not stop it. Thank you for discussing this subject that in reality impacts all of us.
@hankreardon2764 13 days ago Thank you for covering this terrifying trend. People need to know the full extent of how capitalism is leading us to our collective doom. @stankrajewski8255 2 weeks ago In the USA our politicians used to understand the stability that home ownership provided for the stability of our society. In quid pro quo governance, they shift the focus to "housing"--which just means a rental. The landed gentry see an inflation of value in their holdings, as the vagrant tenants accumulate no assets. Democracy must prevail over the oligarchs and corporate aristocracy. @foxnewssuxs 2 weeks ago How private equity firms took advantage of the housing crisis of 2008 is a great example of the Shock Doctrine. @knight3672 2 weeks ago I'm really enjoying your insight and report, don't have much to add. Within my circles the reactions to the events range from "we know" to "I'm good", apart from inheritance I don't think I know anyone that had low-middle income and could afford a house. It does boggle my mind that most anticipate that these situations will sort itself out, without direct action on our side, I fail how we're going to stop this snake of capitalism.
------------------------------------
The Duran • 193K views
all right Alexander we have very big news um Iran and Saudi Arabia will be restoring
0:10 ties diplomatic ties in what is a China brokered deal
0:18 embassies will uh will open
0:24 um what else diplomatic ties are
0:29 we're gonna are gonna start up between Iran and Saudi Arabia
0:35 all of this was done with China mediating
0:41 Wang Yi said Saudi Arabia Iran talk in Beijing is Victory of peace that is what
0:49 uh Wang Yi said this follows the coming coming off of uh XI jinping's
0:58 um elections as a leader for the third term in in a row that that happened uh
1:04 yesterday as well three terms right absolutely
1:09 so what well timed well timed by by China this announcement
1:16 a big couple of days in China and this is huge news uh for Saudi Arabia for
1:23 Iran the Petro dollar Syria Lebanon I mean the whole region this is
1:30 this is yes very very big news this is huge news and can I just say
1:35 um looking back over the last day or so there were precursors to this because
1:42 yesterday Iran uh announced that it had agreed a military deal with the Russians
1:49 to import suhoi 35 fighter jets and I have to say I did a little
1:55 surprise me because I did wonder what the Saudis would think about it and yesterday also
2:02 there was a telephone conversation between Putin and president raisy of
2:08 Iran and the Kremlin readout was incredibly
2:14 uninformative about what the two men discussed but clearly all of this is all part of this Chinese broker deal and
2:22 Chinese have obviously been working incredibly hard to bring the Iranians and the Saudis together and the fact
2:30 that there's been this deal done means that the Russians are able to go ahead with the arms sales to Iran probably
2:37 Iran will pay not with weapons no not with money but with economic links and
2:44 other you know drone transfers and that kind of thing so it's just just just to make that point
2:51 now this is huge it transforms the
2:56 geopolitical geometry of the Middle East I mean one of the constants in Middle
3:03 East politics for the last ever since the fall of the shark
3:09 was the Rivalry between the Saudis and the Iranians now I mean they didn't all I mean quite a lot of the time they did
3:15 have diplomatic relations but there were always Rivals there were always tents
3:20 they were always opposed to each other it now looks from the Chinese
3:26 announcement that all of that is now behind us the Saudis and the Iranians have generally
3:33 generally generally made peace with each other that means that the Iranian
3:40 Saudi rivalry is over that isolates Israel to some extent
3:47 that isolates the United States to a great extent
3:53 because it's relied on Saudi Arabia as you know the to enable it to carry out its strike
4:00 against Iran it undermines the U.S sanctions regime
4:07 against um Iran because of course it means that Iran can now more actively participate
4:14 in OPEC and which is was a founding member by the way so you know trade
4:20 links are going to presumably be unblocked um it means that Saudi Arabia Affair its
4:27 part can integrate with the bricks and with Shanghai cooperation organization
4:34 as Iran is also doing
4:39 it means that we're now making another massive step as you absolutely rightly said to the creation of the alternative
4:46 Reserve currency to the dollar because the two of the biggest oil producers
4:52 Saudi Arabia and Iran have come together and they're aligning increasingly with
4:59 the Chinese and to a lesser extent obviously but still there important that the Russians as well and of course last
5:06 but not least I can't help but think that this is also going to have an effect on relations in on on politics in
5:14 Turkey Turks can now see the direction that events are taking in
5:20 their region they won't want to be left out and as you absolutely rightly say it
5:26 brings us a huge step closer to the moment when the Syrian war ends
- All praise and thanks be to Allah SUBHAANAHU WA TAAALAA -
I mean a Reconciliation between Saudi Arabia and Iran
12:09 it is almost the worst geopolitical nightmare and it demonstrates the extent
12:14 to which Decades of neocon policies in the Middle East have resulted in the
12:21 collapse of American influence there so that's that's what I think I think sooner or later those troops will have
12:30 to be withdrawn because realistically their position their position now has
12:36 become untenable and thirdly we talked about
12:41 the war in Yemen again just as I cannot
12:46 see the Saudis agreeing to this kind of peace deal with the Iranians unless the
12:54 Iranians gave cast iron guarantees that they were not going to seek nuclear weapons just so I can't see the Iranians
13:04 committing to this peace to him without some commitment from the Saudis to seek
13:10 a genuine peace agreement in Yemen and I
13:15 suspect that over the next few weeks and months we're going to see direct negotiations between the Saudis and the
13:22 houthis and of course the Chinese have demonstrated their diplomatic skills and
13:29 they're the obvious people to broker a compromise
13:35 haven't we been saying on this Channel show after show that uh that the US is
13:41 so absorbed the Biden White House is so absorbed in Ukraine that they are losing the geopolitical Diplomatic War
13:49 everywhere else and I think that uh this this is proof to that this is huge
13:56 proof uh yeah I I have to ask you China is the
14:02 new Global leader yes is that of it is that a correct statement to make they
14:08 are the new Global leader all countries now are going to be looking towards China perhaps maybe even
14:17 Israel dare I say perhaps maybe even Israel may be saying that in Yahoo may be saying you know
14:24 things are changing in the world and maybe we need to to rethink our our
14:30 position here uh as well and uh
14:37 the the China Russia Alliance this is I mean this is proof that's
14:44 that it is changing the the game in the Middle East I mean they may have unlocked
14:50 a way forward for for some sort of uh of peaceful coexistence in the region case
14:57 in point being Yemen and then you have to ask the question
15:03 what does this mean for the Petro dollar bricks
15:08 the sco all these things I mean I just want to say that the Biden White House is
15:15 you can't say sleeping and you know you would probably say they're sleeping but they're not they're completely obsessed
15:20 and absorbed with Ukraine that and they're all and they're the ones that are always talking about hybrid Wars
15:26 we're going to do hybrid Wars in Georgia and then Moldova meanwhile we have the
15:32 the deal of the of the decade brokered by China absolutely you're completely right and absolutely I mean there's i i
15:39 i i i i you're you're totally watching what you said now for decades especially
15:44 in the Middle East when it came to mediation the United States was the only game in
15:50 town I mean I you have to go all the way back to 1965 when there was a conference
15:56 in Tashkent with the Soviets uh brokered uh a truce between India and Pakistan
16:04 um during your one of the various indoor Pakistani Wars and
16:09 um and that was only a temporary thing by the way it didn't really hold whereas this looks like this is much more solid
16:16 and much more real the Russians of course also brokered came to kind of
16:21 agreement with with the Turk with turkey and Iran the istana process to settle the situation in Syria
16:30 with these Russian brokered deals I mean they're not
16:35 epocal like what we've just seen China achieved between Saudi Arabia and
16:42 Iran I mean no way so this is as you absolutely rightly say it
16:49 is China becoming a world leader a global leader
16:55 it is if you like the moment when China
17:00 sees the initiative and established itself as you know
17:06 the successor if you like the definitive successor of the United States this this
17:13 deal perhaps more than anything else we've been talking about is the moment when you could say the
17:19 unipolar moment has really ended and the the you know the American
17:24 period of global dominance and hegemony has really ended and the era of China
17:30 has begun
- Al hamdu lillah -
- peace! peace!
it also demolishes the the decades and
17:38 Decades of U.S sections on Iran it demolishes all of that
17:46 well-timed very well timed by China to coincide with Xi Jinping yeah his third
17:52 term I mean the Biden White House the the state department of the Biden White House has
17:59 shown how incompetent they really are I mean yes this is complete incompetence
18:05 what what are they going to do to try and spoil this well good question I I
Iran never managed they've pulled off this deal with Saudi Arabia and they've
19:13 Consolidated Iran's position in the in in in its neighborhood as a major
19:20 political player so I think we have to now accept the fact that this government in Iran is here to stay not just you
19:28 know the Islamic Republic but this particular faction within the Islamic Republic of a win like this I have to
19:36 say it looks unchallengeable on its own ground so I think that's that's the first point to say but you're absolutely
19:42 right the the Biden Administration they've been out of the picture they've
19:47 been uninterested in what's going on all those Decades of U.S foreign policy engagement
19:54 in the Middle East going all the way back to the 50s and it's all gone up in smoke I mean
20:00 an entire region is now breaking away from the United States and it's all
20:06 happened was the angry old man in the White House and
20:14 the people around him are fixated on Ukraine
final question uh can you get into a little bit of the Petro dollar OPEC
20:26 we've done many reports claiming that MBs is definitely leaning towards yes
20:32 and China Russia I think this is this is more proof that MBs is is
20:39 definitely uh drifting away from uh from the Petro dollar from the U.S absolutely
now Petra dollar oil
23:50 Reserve currency status of the dollar which to be very clear is the big deal
23:56 it's the big one now let's just go back to why the dollar is
24:04 the world's Reserve currency the reason the world the dollar is the world's Reserve currency is twofold firstly the
24:12 United States has the world's biggest economy or it did except probably doesn't anymore China's manufacturing
24:21 Industries I recently discovered is bigger than that of the US and Europe
24:26 and the EU combined so China is already in
24:32 Manufacturing in production terms a bigger economy than the US is much
24:38 bigger in terms of GDP Norman or GDP that's not
24:44 the case in terms of GDP calculated on purchasing power parity that is the case
24:51 now nominal GDP U.S nominal GDP depends
24:57 to a great extent on the value of the dollar and what props up the dollar
25:03 what keeps it valuable what is the reason why everybody wants it is because
25:09 it is the reserve currency so you can see how it's circular people want the reserve currency of the world's biggest
25:16 economy but the reason the us today appears on nominal GDP to be the world's
25:23 biggest economy is because the dollar is the reserve currency it's becoming a
25:29 circle and it's becoming an increasingly fragile Circle
oil is still the world's most widely traded commodity
26:40 oil is still important it's still essential to running a modern economy
26:46 despite all the talk about this newfangled technologies that I'm talking about you can't have a modern
26:52 industrialized even non-industrialized modern economy unless
26:57 you have oil so because oil is both essential and
27:02 traded in dollars and is the world's most widely traded commodity that means that every
27:11 country has to have some dollars because they have to buy oil which is priced and
27:18 paid for in dollars however that all depends on the oil producers
27:25 accepting dollars for their oil now if the oil producers start to say
27:32 well actually it's no longer so important for us to take
27:39 dollars for our Oil we're prepared to accept other currencies then of course the whole position of the
27:46 dollar as the country the currency in which oil is traded starts to
27:53 crumble and the reserve currency status of the dollar crumbles