The earlier we move away from USD, the safer the world. Simply put: USD is feeding America's militarism.

@vijjreddy

Ай бұрын

and it is destroying democracy inside usa - so Dollar is causing more destruction for USA itself rather than to the rest of the world. the day dollar stops being world reserve currency, would be the new birth of the USA

@JimmyDoyel-by2cp

Ай бұрын

Look at who w is controlling the USD and you'll see the true enemy...out ancient enemy...

@Time4Peace

Ай бұрын

Absolutely.

@peacesoup1008

Ай бұрын

Couldn't agree more!!!

@urrywest

Ай бұрын

It worked until it didn't....

1. Many Western people think that they are smart enough to condemn China in many aspects. In fact , they do not realize their shortcomings and think that they are on top of the world. 2 . China has long-term vision ， crystal clear in mind and has good strategy what it needs to achieve so as to improve the well-being and wellness of its people. China has accomplished many good things in many areas , including tree planting in deserts, breeding fishes , crabs and so on in deserts. It also contributes to the improvement of ecosystem to the world.

@peetsnort

Ай бұрын

What never ceases to amaze me is the humans ability to don a suit and pretend to be civilised. Meanwhile they still rut like animals in the farmyard. What also happens is that alls fair in love and war. We're like a dual eged sword. The one side prepping fabulous creations in the kitchen a workshops. The other wreaking havoc on the battlefield. The only single thing is the base metals that more or less remains stable. That is until they found extra gold in Johannesburg and oils in saudi Arabia. The empires come and go. There was once upon a time in africa where a tribe had a cattle based empire/ economy. Then overnight a disease called rinderpest wiped out their economy completely.... Their neighbours who just recently weren't even worthy of being spat upon were thrust on to top dog position with their agrarian based economy. Swings and roundabouts. I have been watching america grow for the last 40 years with their seemingly unlimited abundance of natural resources. But after having visted rome 45 years ago and REALLY thought about the decline and decadence of that great empire am now watching the rise of Russia and all it's natural resources. AND they have the lot. Oil gas timber uranium wheat water land iron coal AND human ingenuity. Americas behaviour is just plain spiteful jealousy . Theyll come round to the Italian way. Namely a tourist destination...

@PhiloSurfer

Ай бұрын

Re-forestation, not deforestation.

@rodniegsm1575

Ай бұрын

What the West doesn't seem to comprehend is that China and Russia and many countries in the world don't need wars to become wealthy and prosperous. It's the West that uses wars and sanctions and blackmail to become wealthy. All China has to do is keep being peaceful to the world and not get baited by the West in a war like the United States I pushing for

@JIANGTG

Ай бұрын

@@PhiloSurfer Thanks !

@MnemonicCarrier

Ай бұрын

By 2030, China will have pulled 1.2 billion of its people out of poverty and into the middle class. The US (and its vassals, commonly referred to as "the west") seem to be heading in the other direction and pushing people into poverty. The huge advantage China has is the state controls all "critical areas" of the economy (e.g. semiconductors). Hyper-financialization and hyper-privatization has underpinned the downfall of the American ("western") civilization.

So XI is right when he said to Putin "…we are witnessing changes we have not seen in a 100 years". 🎉

@Putins_shirt

Ай бұрын

And Putin was right when he said the West is trying to maintain unipolar hegemony.

@urrywest

Ай бұрын

Fucking dence with language and consepts.... I got toget back to this.

@Putins_shirt

Ай бұрын

@@urrywest We don't need your help.

@urrywest

Ай бұрын

@@Putins_shirt Take it a step at a time... I got to get back to it...

@urrywest

Ай бұрын

@@Putins_shirt This video kicked right off talking about Westfalian or soverenty... It takes time to integrate that.

The Belt and Road Initiative is essentially the United Nations without the G7. All countries (including the G7) are invited to join the BRI, but the G7 and their allies refused to participate because raising the standard of living for poorer countries is not in their interest. While the G7 accounts for 10% of the world population, it constitutes 60% of the global budget deficit. The West is isolating itself from the majority.

@thisiskevin1000

Ай бұрын

But companies inside the West are also joining this massive project. Thus record high investments across third world nations

@Congomania

Ай бұрын

Poverty is no accident, but man made.😢😢😢 greedy lunatics aux affaires

@urimtefiki226

Ай бұрын

@@Congomania I am poor because the psychopath has stolen my invention.

@JS-ih7lu

Ай бұрын

Countries that join the BRI benefit THEIR OWN PEOPLE by getting finance and infrastructure from China. The G7 refuse to join the BRI because 1. they are too proud to admit that a. their infrastructure is crumbling b. the Chinese can do anything better, quicker and cheaper than themselves 2. they don’t care about raising the living standards of their own people

@willengel-vs8ht

Ай бұрын

if and when the empire collapsed. most of EU will join BRI out of necessity. the collapsed empire will become isolationist by default.

It’s a joy listening to Warwick. His breath of knowledge is impressive. He is marvelously insightful on geopolitical issues of our time. And, he is a great communicator and can clearly and precisely explain the most complex of issues. Please invite him back often. Thank you!

@thucduyen9592

Ай бұрын

He is very articulate & explains things in simple terms for me to understand.

@barrieroberts75

Ай бұрын

He was on a podcast a few days ago with a New Zealand guy who lives in China for 10 years, Andy excellent with him

@JohnTravena

Ай бұрын

This is the first I've heard him. Will definitely give it another listen.

@davidbosak7503

Ай бұрын

Yes, he's amazing. How is he not a full professor?

@thucduyen9592

Ай бұрын

@@JohnTravena he was the former Australian PM Kevin Rudd economic adviser if I am not mistaken.

May the good Lord continue to bless PRC...🎉

We keep on attributing luck to China, why is it so difficult to attribute it to planning. With 5,000 years of recorded history they've probably seen almost every possible permutation of how states deal with each other and knew that the West would eventually turn hostile and by what means. After all, industrial/technical /military superiority has always been able to defeat numerically superior civilizations.

@stevezodiacXL5

Ай бұрын

I know what you mean, and I think we are broadly on the same side, but I haven't really heard anyone talk about luck when it comes to China's development. I think for a lot of people (me included), it was inevitable! They were doing things thousands of years ago we consider developed - street lighting, for example. The retracted by choice, and because of that, other parts of the world surpassed them (using a Chinese invention - gunpowder!). It has taken them a couple of centuries, but they are back where they once were. I just wish people would understand that they are not aggressively trying to capture territory. They want to trade, and to be left alone. Some in the West are jealous of their success, and make up BS about them. If we could work together, it would benefit the whole planet.

@ongsengkee2530

Ай бұрын

Industrial military and technical superiority and other bluffs are the ups and downs that china has seen enough of it all over the last 5000 years. Maybe Sun Tze's Art of War may help to provide a clearer picture.

@davidbosak7503

Ай бұрын

Even Western analysts knew that the West would eventually become hostile to China. I remember seeing interviews around the 2013 time frame amazed at how "patient" and "reserved" the West had been toward China. Some even speculating that maybe there wouldn't be a conflict. Now it seems clear that the West was not being patient and reserved at all. They just weren't paying attention. Finally, Trump and team visited Beijing in 2017. Li Keqiang gave a presentation about the Belt and Road, and China's trajectory became clear. That's when the U.S. freaked and started the new Cold War.

@sickg6417

Ай бұрын

because, so they could feel better or not feel sorry for themselves : it's not like china smart or worked hard or something, china was just lucky

When the Philippines went to the UN to dispute Chinese actions in the South China Sea, the Chinese said the wizard pulling the strings would find they had dropped a stone on their own foot. They never mentioned the US by name.

@Time4Peace

Ай бұрын

The tribunal was funded and arranged by the US. And the US is not even a signatory to the UN sea convention! It's just pushing the Philippines as a proxy against China. Has Marco anything to gain by deviating from duterte's neutral policy?

This Aussie dude is a very intelligent guy - please get him on again 😄

Another excellent interview.

Very illuminating contribution by Warwick Powell! He is able to condense complex subjects to an understandable level.

These developments are indeed historic, and mark the end of US hegemony. A seismic shift that is now underway. The US imposed the Dollar at Bretton. They have enjoyed a massive benifit as a result, and have been able of amass vast deficits. When this unwinds, as it will, the Emperor will be stripped of his credit card, and his clothes. I am amazed that the profound implications of this are not well understood in general by Americans. Excellent interview. Thanks.

Fantastic interview! Liked the angles presented; - the place of WTO, corroding the hegemony; - the UN sec council as a group with intent which lost its way; - Tech sovereignty vs the de-dollarization; - Role of BRICS; a counterweight to G7 and UN; - BRICS plus - laying the foundations towards an alternative world economic forum; - replacing Swift- holding $ and Euro as a risk ; - the rise of a multi polarity and distributed power relationship. Thank you for having a knowledgeable speaker who is not biased towards the US and $ and is able to view the big changes occurring globally.

Warwick Powell clearly imparts a distinguished and logical view of how the US domination of its currency as a weapon upon the world's nations is not only driving nations to seek a more reliable and just currency system but also the fact that the US debt-based monetary system is ending.

Excellent interview. The more US coerces, the greater the needs and speed for change. It will not be a totally distributed system but one with more reserve currencies and no one dominates the way it does now.

@JohnTravena

Ай бұрын

In the ruling elite's attempt to have it all they risk losing everything.

there is a numeree tested for 5000 years! it is gold!

@peetsnort

Ай бұрын

What never ceases to amaze me is the humans ability to don a suit and pretend to be civilised. Meanwhile they still rut like animals in the farmyard. What also happens is that alls fair in love and war. We're like a dual eged sword. The one side prepping fabulous creations in the kitchen a workshops. The other wreaking havoc on the battlefield. The only single thing is the base metals that more or less remains stable. That is until they found extra gold in Johannesburg and oils in saudi Arabia. The empires come and go. There was once upon a time in africa where a tribe had a cattle based empire/ economy. Then overnight a disease called rinderpest wiped out their economy completely.... Their neighbours who just recently weren't even worthy of being spat upon were thrust on to top dog position with their agrarian based economy. Swings and roundabouts. I have been watching america grow for the last 40 years with their seemingly unlimited abundance of natural resources. But after having visted rome 45 years ago and REALLY thought about the decline and decadence of that great empire am now watching the rise of Russia and all it's natural resources. AND they have the lot. Oil gas timber uranium wheat water land iron coal AND human ingenuity. Americas behaviour is just plain spiteful jealousy . Theyll come round to the Italian way. Namely a tourist destination...

@Fred-Hex

Ай бұрын

you're not going to transport tonnes of physical gold each time to settle a cross-border trade. You still need to set up a trusted digital/electronic clearing house to keep national accounts. Once you do that, then why gold specifically? The electronic numeraire/currency can be backed by (fixed to) gold, platinum, lithium, petroleum, whatever. But if you have a truly inviolable system of account keeping (e.g. a blockchain distributed ledger which is not based on trusting one institution/nation to maintain), why does the electronic numeraire/currency need to be backed by anything physical?

@peterbranagan1010

Ай бұрын

Not to be pedantic - but the correct spelling is NUMERAIRE not numeree

@antoniosdimoulas3566

Ай бұрын

How much gold do you have in your basement?😂

No time to waste, ditching the dollar.

Good information from Warwick Powell

Autoimmune disease is a brilliant description of the current status of US.

Very interesting topics asked and loved the perspective from your wonderful guest. Please invite him again.

The decadeslong conflict in eastern Congo has produced one of the world's worst humanitarian crises, with over 100 armed groups fighting for control of the mineral-rich area near the border with Rwanda. Many groups are accused of carrying out mass killings, rapes and other human rights violations. The violence has displaced about 7 million people, many beyond the reach of aid.

Food for thought indeed. The central point is data.

The more evil it becomes, the more confused and delusional it gets.

Great conversation

Numéraire! Haven't heard that term since I left school - very interesting to think of USD/Bancor/Gold as numéraire. Thanks for this discussion. I feel we need to inject more economics into geopolitical discussions, as those are often (IMO) the primary drivers.

Great interview

excellent.

Bring concluding statement from the guest. This is another very informative session, thanks for fielding such informed speakers.

WOW! Thank you Mr. Powell. Superb! Thank you Mr. Lottaz. Excellent! Best wishes. 🖖🏼

Russia has prove that without USD it could survive. Eventually China will prove that without US and the many West parasites, they could achieve high tech self reliance esp on semi conductor tool n equipments. China n Russia has to thank US for pushing the speedy development of this when the need brings about real motivation. I am a person who does not know programming but when i had to do this, i register myself in programming class, take up extra lessons n practices with young people and sleep 6 hours a day....the goal was achieved. The power of the human spirit cannot be defeated by obnoxious and arrogant politicians. I m sure huawei has pasted arrogance face of Trump n Biden to motivate its speedy path towards self reliance.

Thanks!

An excellent episode, Pascal.

Brilliant, thanks

Thank you.

Very insightful closing comments by WP, thanks.

Really excellent discussion. Thank you.

Thank you Pascal and Warwick, for this valuable discussion. It is very encouraging to learn that the BRICS+ countries are already able to function at more sophisticated levels of trade and financial transaction than that of the post war US designed, dominated and unfortunately weaponised systems.

Fantastic analysis! Thank you!

Thanks for sharing and surfacing the truth. 👏👍

“This is the weirdest era in human history. By far. Nothing else even comes close. Billionaires trying to kill everyone. Civil society unable to form a coherent thought. Institutions lie in smoldering ruins. Poisons handed out like candy. We are Neanderthals with iPhones.” - Dr. Toby Rogers

first class

Holding USD exposes you to US inflation devaluating your USD holdings. Even with the reserve currency, you can't endlessly print dollars without something breaking.

So interesting, please do keep up the good work Pascal and Neutrality Studies!!!

@neutralitystudies

Ай бұрын

Thanks! More to come this week :)

The whole world needs work together and not divided by ideology, culture, etc... mutual respect and win-win situations so no country can feel exploited or cheated. But saying this is easy and the execution is very hard. Hopefully the new multipolar world we can have all this achieve to a certain extend than everyone can focus on saving the earth from killing itself with CO emissions and causing havoc to the weather... every part of the planet is already experiencing weather pattern changes but the great powers are still fighting on ideology and lies-the Ukraine war exposes all the hypocrisy of the US and EU yet their population are clueless.... the stupidity of mankind is indeed infinite...

@danwelterweight4137

Ай бұрын

Anglo Saxons don't see it that way. For them is always a zero sum game.

@jayy1980

Ай бұрын

@@danwelterweight4137lol, white countries in general. Frankly all the robber slaving countries are the same, from mongols to whites.

Why do we not hear voices like these on Australian MSM? Rhetorical.......MSM stenography.

@danwelterweight4137

Ай бұрын

Because the ruling elite have align their destiny and the destiny of Australia with the Anglo American empire. They see it's demise as a direct threat to their privilege, wealth and position even though it is quite the opposite. Therefore they will censure and shadow ban all other alternative narratives to their own narrative.

Basing your economy on the real world and people vs basing your economy on the needs of finance capital. Reality vs intangible dreaming, or as some would have it, you can't eat and drink money. Thanks for hosting Warwick Pascal. Great interview and questions

7:50 self-destructive auto immune reaction inflicted on the West by the West😂

Go back to the gold standard as reserve payment.

China 🇨🇳 😃✌️

I wasn't sure I'd like this discussion. I really did. Very interesting, thank you again.

WOW, 😮 The last statement of Mr Powel here is scary indeed.... Russia is using 90% local currency 😮 China 50% 😮

A great description of what BRICS means in a monetary dimension.

My fear with BRICS is that it only works and will only stay strong with the current set of great leadership that it has in place Presidents Putin, Xi and Modi, that when these great leaders are not there anymore succeeded by others in their respective countries, BRICS would grow weak.

Whom the Gods would destroy

A "reserve currency" in one way stabilizes trade, on the other enables a hegemony of a country.

@johnsmith-cw3wo

24 күн бұрын

If I could print money... I would not work.

The idea of a way of clearing accounts in different currencies is far older. The Romans did it, using a "coin" as a nominal value of other coins, a nominal coin that itself had not actually been minted for many years, and was not actually held by anybody. It was how bookkeeping was written, not what was carried about.

❤❤❤

How is de-risking from the dollar caused by the weoponization the dollar, has the dollar ceased to be solely a monetary currency . Can that be made plainer

Religious [idealistic] thinking is still operating after secularization.

The UN was founded 24 October 1945 with 51 member states, and some of those nominal and really followers, like the 3 Baltic "states" that were controlled by the USSR, and the loyalty of the Commonwealth states to British leadership in international affairs. It has come to be four times larger, and far more diverse among those members. The structure that made sense with 51 in tight groups is less so with 193 fragmented.

There are parts of the UN which are quite functional. The UN-ITU and UN-IPU are great examples. I would even argue teh WHO did pretty well compared to many national health authorities during Covid.

Fukuyama not worth being called a serious analyst.. declaring an absolute event, that political evolution ends, that history ends,.. hahaha! even a smart grade school student knows better

@danwelterweight4137

Ай бұрын

What do you expect, he is Japanese American. Japanese are always on the wrong side of history.

What is that word he is using for being an equal medium of exchange? Numeria, enumera? Numera?

border dispute btw china and india is instigated from british colonialism und murikkka now aday. G7 are murikkka and his vassal, NOT his friends, mr lottaz.

Selling more than one buys, thus receiving more of another currency, can be mitigated by using that money to build infrastructure or invest in that country. Reportedly that's what Russia is doing with India as it collects lots of Rupees by selling oil. Now it has Rupees to invest in projects or various businesses in India.

Could gold function as the numeraire, since it is universally accepted?

In the interim, the BRICS countries should just replace the USD with the Chinese yuan. This would work until a better solution is implemented.

@stavroskarageorgis4804

Ай бұрын

The RMB is simply chronically undersupplied, not sufficiently elastically supplied to act as a singular "common" reserve currency even among BRICS+ countries.

@MnemonicCarrier

Ай бұрын

@@stavroskarageorgis4804 Ah, okay - that's interesting...

輸不起～😅

and no need to be afraid of China's supply chains..in time, china's overseas manufacturing picks up.. it would be like US having manufacturing in so many countries

What did Powell say ? "Numer-air" ? Anybody know the right spelling ?

@dinnerwithfranklin2451

Ай бұрын

Numeraire is an economic term of French origin, which acts as a benchmark in comparing the value of similar products or financial instruments. The word numeraire translates as "money," "coinage," or "face value."

@peterbranagan1010

Ай бұрын

Numeraire

Bancor.

Possibly like the current Crypto market with trading exchanges

Project mBridge.

Pascal its better you listen you seemed aggitated I think its attention Span Capacity of Mr Warwick, it will be prudent if you listen more and relax thank you

Bla bla bla

Dein Mikrofon Onkel : da ist so ein komischer Hall in denem micro drin

Delusions are hurt8ng the wesr. China isn't being helprd. Trying to blame it on the victim agsin ? What a ridiculous way to frame the issue ! it's known as " lingual contoition ".,

SUPPORT ENERGY ECONOMIES ❓ - Generate our Own Energy - Store Energy in Batteries & EVs - Use Stored Energy to Create/Trade Energy Crypto Currency....

Please stop the monologue. We want to listen to your expert-guest.

Jai Hind. We Aukus Indian origins in the 5Eyes are in no delusion that China will soon be in another big Bang collapse.

@averageamerican6727

Ай бұрын

China will be fine.

@marcuscato3599

Ай бұрын

If you are Indian, I'm quite sure the Chinese could have their whole civilization destroyed and in two weeks have a more organized society then India.

@myresponsesarelimited7895

Ай бұрын

Everything eventually falls apart, there's no way the fastest growing strongest economy crashes "soon" ...especially when leaders are as clever as theirs. Has India decided to pick a side yet?...

@willengel-vs8ht

Ай бұрын

india as a country is as young as the evil empire. there won't be a partition if india was a country. this is something for you to chew on.

@Facts..Checker

Ай бұрын

Guess you are only good in prophesying some forecasts twenty plus years ago by some China experts. And they are wrong today and mb again tomorrow just like U.