Podcasts about road initiative

As we get caught up in the Nation State V Nation State checker game of Geo Politics. In this short clip, the late Henry Kissinger explains that what we are & have been seeing for YEARS, has been in the works for a long time. And is all BY DESIGN. And the power on the Grand Chessboard is shifting from a Unipolar world order & US hegemony, to a Multipolar world order. With China's Belt & Road Initiative being a BIG driving force for this shift.

Founder of the Raising Capitalists Foundation and previous co-host of The Real Estate Guys Radio show, Russell Gray, joins Keith to discuss the historical and current devaluation of the U.S. dollar, its impact on investors, and the broader economic implications. Gray highlights how the significant increase in interest rates has trapped equity in properties and affected development. He explains the shift from gold-backed currency to paper money, the role of the Federal Reserve, and the impact of the Bretton Woods Agreement.  Gray emphasizes the importance of understanding macroeconomic trends and advocates for Main Street capitalism to decentralize power and promote productivity. He also criticizes the idea of housing as a human right, arguing it leads to inflation and shortages. Resources: Connect with Russell Gray to learn more about his "Raising Capitalists" project and his plans for a new show. Follow up with Russell Gray to get a copy of the Beardsley Rummel speech transcript from 1946. follow@russellgray.com Show Notes: GetRichEducation.com/558 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review”.  For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript:   Automatically Transcribed With Otter.ai  Keith Weinhold  0:01   Welcome to GRE. I'm your host. Keith Weinhold, what's the real backstory on why we have this thing called the dollar? Why it keeps getting debased? What you can do about it and when the dollar will die? It's a lesson in monetary history. And our distinguished guest is a familiar voice that you haven't heard in a while. Today on get rich education.   Mid south home buyers, I mean, they're total pros, with over two decades as the nation's highest rated turnkey provider, their empathetic property managers use your ROI as their North Star. So it's no wonder that smart investors just keep lining up to get their completely renovated income properties like it's the newest iPhone. They're headquartered in Memphis and have globally attractive cash flows and A plus rating with a better business bureau and now over 5000 houses renovated. There's zero markup on maintenance. Let that sink in, and they average a 98.9% occupancy rate, while their average renter stays more than three and a half years. Every home they offer has brand new components, a bumper to bumper, one year warranty, new 30 year roofs. And wait for it, a high quality renter. Remember that part and in an astounding price range, 100 to 180k I've personally toured their office and their properties in person in Memphis, get to know Mid South. Enjoy cash flow from day one. Start yourself right now at mid southhomebuyers.com that's mid south homebuyers.com   Russell Gray  1:54   You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education.   Keith Weinhold  2:10   Welcome to GRE from St John's Newfoundland to St Augustine, Florida and across 188 nations worldwide. I'm Keith weinholden. You are inside get rich education. It's 2025. The real estate market is changing. We'll get into that in future. Weeks today. Over the past 100 years plus, we've gone from sound money to Monopoly money, and we're talking about America's currency collapse. What comes next and how it affects you as both an investor and a citizen.   I'd like to welcome in longtime friend of the show and someone that I've personally learned from over the years, because he's a brilliant teacher, real estate investors probably haven't heard his voice as much lately, because until last year, he had been the co host of the terrific real estate guys radio show for nearly 20 years. Before we're done today, you'll learn more about what he's doing now, as he runs the Main Street capitalist platform and is also founder of the raising capitalists foundation. Hey, it's been a few years. Welcome back to GRE Russell Gray.   Russell Gray  3:19   yeah, it's fun. I actually think it's been maybe 10 years when I think about it, I remember I was at a little resort in Mexico recording with you, I think in the gym. It was just audio back then, no video.    Keith Weinhold  3:24   Yeah, I remember we're trying to get the audio right. Then I think you've been here more recently than 10 years ago. But yeah, now there's this video component. I actually have to sit up straight and comb my hair. It's ridiculous. Well, Russ, you're also a buff of monetary history. And before we discuss that, talk about the state of the real estate market today, just briefly, from your vantage point.   Russell Gray 1  3:55    I think the big story, and I'm probably not telling anybody anything they don't know, but the interest rate hike cycle that we went through this last round was quite a bit more substantial, I think, than a lot of people really appreciated, you know. And I started talking about that many years ago, because when you hit the zero bound and you have 6,7,8, years of interest rates below half a point, the change when they started that interest rate cycle from point two, 525 basis points all the way up to five and a quarter? That's a 20x move. And people might say, well, oh, you know, I go back to what Paul Volcker did way back in the day, when he took interest rates from eight or nine to 18. That was only a little bit more than double. Double is a far cry from 20x so we've never seen anything like that. Part of the fallout of that, as you know, is a lot of people wisely, and I was on the front end of cheerleading This is go get those loans refinanced and lock in that cheap money for as long as possible, because a loan will actually become an asset. The problem is, when you do that, you're kind of married to that property. Now it's not quite as bad. As being upside down in a property and you can't get out of it, but it's really hard to walk away from a two or 3% loan in a Six 7% market, because you really can't take your same payment and end up getting more house. And so that equity is kind of a little bit trapped, and that creates some opportunities, but I think that's been the big story, and then kind of the byproduct of the story. Second tier of the story was the impact it had on development, because it made it a lot harder for developers to develop, because their cost of funds and everything in that supply chain, food chain, you marry that to the 2020, COVID Supply Chain lockdown and that disruption, which, you know, you don't shut an economy down and just flick a switch and have it come back on. And so there's all of that. And then the third thing is just this tremendous uncertainty everybody has, because we just went from one extreme to another. And I think people, you know, they don't want to, like, rock the boat, they're going to kind of stay status quo for a little bit, whether they're businesses, whether they're homeowners, whether they're anybody out there that's thinking about moving them, unless life forces you to do it, you're going to try to stay status quo until things calm down. And I don't know how close we are to things calming down.   Keith Weinhold  6:13   One word I use is normalized. Both the 30 year fixed rate mortgage and the Fed funds rate are pretty close to their long term historic average. It just doesn't feel that way, because it was that rate of increase in 2022 that caught a lot of people off guard, like you touched on Well, Russ, now that we've talked about the present day, let's go back in time, and then we'll slowly bring things up to the present day. The dollar is troubled. It's worth perhaps 3% of what it was 100 years ago, but it's still around since it was established in the Coinage Act of 1792 and it's still the world reserve currency. In fact, only three currencies have survived longer than the dollar, the British pound, the Japanese yen and the Swiss franc. So talk to us about this really relentless debasement of the dollar over time, including the creation of the Fed and the Bretton Woods Agreement and all that.   Russell Gray 7:09   That's a big story, as you know, and I always like to try to break it down a little bit. One of my specialties I'd like to believe, is I speak macro and I speak Main Street. And so when I try to break macroeconomics down, I start out with, why do I even care? I mean, if I'm a main street investor, why do I even care? In 2008 as you know, is a wipeout for me. Why? Because I didn't think anything had happened in the macro I didn't think Wall Street bond market. I didn't think that affected me. One thing I really cared about was interest rates. And I had a cursory interest in the bond market. We just try to figure out where interest rates were going. But for the most part, I thought, as a main street real estate investor, I was 100% insulated. I couldn't have been more wrong, because it really does matter, because the value of the dollar, in other words, the purchasing power of the dollar, and usually you refer to that as inflation, right? If inflation is there, the dollar is losing its purchasing power, and so the higher the inflation rate, the faster you're losing that purchasing power. And you might say, well, maybe that matters to me. Maybe it does. But the people who make the money available to the mortgage community, right to the real estate community to borrow that comes out of the bond market. And so when people go to buy a bond, which is an IOU, they're going to get paid back in the currency that they lent in, in this case, dollars. And if they know, if they're making a long term investment in a long term bond, and they're going to get paid back in dollars, they're going to be worth a whole lot less when they get them back. One of the things they're going to want is compensation for that time risk, and that's called higher interest rates. Okay, so now, if you're a main street investor, and higher interest rates impact you, now you understand why you want to pay attention. Okay, so let's just start with that. And so once you understand that the currency is a derivative of money, and money used to be you mentioned the Coinage Act Keith money, which is gold, used to be synonymous with the dollar. The dollar was only a unit of measure of gold, 1/20 of an ounce. It was a unit of measure. So it's like, the way I teach people is, like, if you had a gallon of milk and you traded, I'm a farmer, and I had a lot of milk, and so everybody decided they were going to use gallons of milk as their currency. Hey, where there's a lot of gallons of milk. He's got a big refrigerator. We'll just trade gallons of milk. Hey, Keith, I really like your beef. I you know, will you sell me some, a side of beef, and I'll give you, you know, 100 gallons of milk, you know, like, Oh, that's great. Well, I can't drink all this milk, so I'm going to leave the milk on deposit at the dairy, and then later on, when I decide I want a suit of clothes, I'll say, well, that's 10 gallons of milk. So I'll give the guy 10 gallons of milk. So I just give him a coupon, a claim, a piece of paper for that gallon of milk, or 20 gallons of milk, and he can go to the dairy and pick it up, right? And so that's kind of the way the monetary system evolved, except it wasn't milk, it was gold. So now you got the dollar. Well, after a while, nobody's going to get the milk. They don't care about the milk. And so now. Now, instead of just saying, I'll give you a gallon of milk, you just say, well, I'll give you a gallon. And somebody says, Okay, that's great. I'll take a gallon. They never opened the jug up. They never realized the jug is empty. They're just trading these empty jugs that used to have milk in them. Well, that's what the paper dollar is today. It went from being a gold certificate payable to bearer on demand, a certain amount of gold, a $20 gold certificate, what looks exactly like a $20 FEDERAL RESERVE NOTE. Today they look exactly the same, except one says FEDERAL RESERVE NOTE, which is an IOU backed by nothing, and the other one said gold certificate, which was payable to bearer on demand, real money. So my point is, is he got money which is a derivative of the productivity, the beef, the soot, the milk, whatever, right? That's the real capital. The real capital is the goods and services we all want. Money is where we store the value of whatever it is we created until we want to trade it for something somebody else created later. And it used to be money and currency were one in the same, but now we've separated that. So now all we do is trade empty gallons, which are empty pieces of paper, and that's currency. So those are derivatives, and the last derivative of that chain is credit. And you had Richard Duncan on your show more than once, and he is famous for kind of having this term. We don't normally have capitalism. We have creditism, right? Everything is credit. Everything is claims on wealth, but it's not real wealth, and it's just when we look at what's going on with our current administration and the drive to become a productive rather than a financialized society, again, as part of this uncertainty that everybody has. Because this is not just a subtle little adjustment on the same course. This is like, No, we're we're going down a completely different path. But fundamentally, your system operates on this currency that is flowing through it, like the blood flowing through your body. And if the blood is bad, your body's sick. And right now, our currency is bad, and so it creates problems, not just for us, but all around the world. And now we're exacerbating that. And I'm not saying it's bad. In fact, I think it's actually it's actually good, but change is what it is, right? I mean, it can be really good to go to the gym and work out before we started recording, you talked about your commitment to fitness, and that if you stop working out, you get unfit, and it's hard to start up again. Well, we've allowed our economy to get very unfit. Now we're trying to get fit again, and it's going to be painful. We're going to be sore, but if we stick with it, I think we can actually kind of save this thing. So I don't know what that's going to mean for the dollar ultimately, or if we end up going to something else, but right now, to your point, the dollar is definitely the big dog still, but I think it's probably even more under attack today than it's ever been, and so it's just something I think every Main Street investor needs to pay attention to.    Keith Weinhold  12:46   And it was really that 1913 creation of the Fed, where the Fed's mandates really didn't begin to take effect until 1914 that accelerated this slide in the dollar. Prior to that, it was really just periods of war, like, for example, the Civil War, where we had inflation rise, but then after wars abated, the dollar's strength returned, but that ceased to happen last century.   Russell Gray  13:11   I think there's a much bigger story there. So when we founded the country, we established legal money in the Coinage Act of 1792 we got gold and silver and a specific unit of measure of gold, a specific unit, measure of silver was $1 and that's what money was constitutionally. Alexander Hamilton advocated for the first central bank and got it, but it was issued by Charter, which meant that it was operated by the permission of the Congress. It wasn't institutionalized. It wasn't embedded in the Constitution. It was just something that was granted, like a license. You have a charter to be able to run a bank. When that initial charter came up for renewal, Congress goes, now we're not going to renew it. Well, of course, that made the bankers really upset, because bankers have a pretty good gig, right? They get to just loan people money. They don't have to do any real work, and then they make money on just kind of arbitraging, you know, other people's money. Savers put their money in, and they borrowed the money out, and then they with fractional reserve, they're able to magnify that. So it's, it's kind of a cool gig. And so what happened? Then he had the first central bank, so then they got the second central bank, and the second central bank was also issued by charter this time when it came up for renewal, Congress goes, Yeah, let's renew it, right? Because the bankers knew we got to go buy a few congressmen if we want to keep this thing going. But President Andrew Jackson said, No, not going to happen. And it was a big battle. Is a famous quote of him just calling these bankers a brood of vipers. And I'm going to put you down. And God help me, I will, right? I mean, it was like intense fact, I do believe he got shot at one point. I think he died from lead poisoning, because he never got the bullet out. So, you know, when you go to up against the bankers, it's not pretty, but he succeeded. He was the last president that paid off all the debt, balanced budget, paid off all the debt, and we got kind of back on sound money. Well, then a little while later, said, Okay, we're going to need, like, something major, and this would. I should put on. I got my, this is my hat, right now, I'll kind of put it on. This is my, my tin foil hat. Okay? And so I put this on when I kind of go down the rabbit trail a little bit. No, I'm not saying this is what happened, but it wouldn't surprise me, right? Because I know that war is profitable, and so sometimes, you know, your comment was, hey, there's the bank, and then there was, you know, the war, or there's the war, then there's a bank, which comes first the chicken or the egg. I think there's an article where Henry Ford and Thomas Edison went to Congress. I think it was December. The article was published New York Tribune, December 4. I think 1921 you can look it up, New York Tribune, front page article   Keith Weinhold  15:38   fo those of you in the audio only. Russ started donning a tin foil looking hat here about one minute ago.    Russell Gray  15:45   I did, yeah, so I put it on. Just so fair warning. You know, I may go a little conspiratorial, but the reason I do that is I just, I think we've seen enough, just in current, modern history and politics, in the age of AI and software and freedom of speech and new media, there's a lot of weird stuff going on out there, but a lot of stuff that we thought was really weird a little while ago has turned out to be more true than we thought. When you look back in history, and you kind of read the official narrative and you wonder, you kind of read between the lines. You go, oh, maybe some stuff went on here. So anyway, the allegation that Ford made, smart guy, Thomas Edison, smart guy. And they go to Congress, and they go, Hey, we need to get the gold out of the banker's hands, because gold is money, and we need money not to revolve around gold, because the bankers control gold. They control the money, and they make profits, his words, not mine, by starting wars, because he was very upset about World War One, which happened. We got involved right after Fed gets formed in 1913 World War One starts in 1914 the United States sits off in the background and sells everybody, everything. It collects a bunch of gold, and then enters at the end and ends it all. And that big influx created the roaring 20s, as we all know, which ended big boom to big bust. And that cycle, which then a crisis that created, potentially a argument for why the government should have more control, right? So you kind of go down this path. So we ended up in 1865 with President Lincoln suppressing states rights and eventually creating an unconstitutional income tax and then creating an unconstitutional currency. That's what Abraham Lincoln did. And then on the back end of that, you know, it didn't end well for him, and I don't know why, but all I know is that we had a financial crisis in 1907 and the solution to that was the Aldrich plan, which was basically a monopoly on money. It's called a money trust. And Charles Lindbergh, SR was railing against it, as were many people at the time, going, No, this is terrible. So they renamed the Aldrich plan the Federal Reserve Act. And instead of going for a bank charter, they went for a constitutional amendment, and they got it in the 16th Amendment, and that's where we got the IRS. That's where we got the income tax, which was only supposed to be 7% only affect like the top one or 2% of earners, right? And that's where we got, you know, the Federal Reserve. That's where all that was born. Since that happened, to your point, the dollar has been on with a slight little rise up in the 20s, which, you know, there's a whole thing about whether that caused the crash or not. But at the end of the day, if you go look at St Louis Fed, which you go look at all the time, and you just look at the long term trend of the dollar, it's terrible. And the barometer, that's gold, right? $20 of gold in 1913 and 1933 and then 42 in 1971 or two, whatever it was, three, and then eventually as high as 850 but at the turn of the century, this century, it was $250 so at $2,500 it would have lost 90% in the 21st Century. The dollars lost 90% in the 21st Century, just to 2500 that's profound to go. That's right, it already lost more than 90% from $20 to 250 so it lost 90% and then 90% of the 10% that was left. And that's where we're at. We're worse than that. Today, no currency, as far as I understand, I've been told this. Haven't done the homework, but it's my understanding, no currency in the history of the world has ever survived that kind of debasement. So I think a lot of people who are watching are like, okay, it's not a matter of if, it's a matter of when. And then the big question is, is when that when comes? What does the transition look like? What rises in its place? And then you look at things like a central bank digital currency, which is not like Bitcoin, it's not a crypto, it's a centrally controlled currency run by the central bank. If we get that, I would argue that's not good for privacy and security. Could be Bitcoin would be better. I would argue, could go back to gold backing, which I would say is better than what we have, or we could get something nobody's even thought of. I don't know. We don't know, but I do think we're at the end of the life cycle. Historically, all things being equal. And I think all the indication with a big run up of gold, gold is screaming something's broken. It's just screaming it right now, not just because the price is up, but who's buying it. It's just central banks.   Keith Weinhold  20:12   Central banks are doing most of the buying, right? It's not individual investors going to a coin shop. So that's really screaming, telling you that people are concerned. People are losing their faith in giving loans to the United States for sure. And Russ, as we talk about gold, and it's important link to the dollar over time, you mentioned how they wanted it, to get it out of the bank's hands for a while. Of course, there was also a period of time where it was illegal for Americans to own gold. And then we had this Bretton Woods Agreement, which was really important as well, where we ended up violating promises that had to do with gold again. So can you speak to us some more about that? Because a lot of people just don't understand what happened at Bretton Woods.   Russell Gray  20:56   What happened is we had the big crash in 1929 and the net result of that was, in 1933 we got executive order 6102 In fact, I have a picture of it framed, and that was in the wake of that in 1933 and so what Franklin Delano Roosevelt did in signing that document, which was empowered by a previous act of Congress, basically let him confiscate all The money. It'd be like right now if, right now, you know, President Trump signed an executive order and said, You have to take all your cash, every all the cash that you have out of your wallet. You have to send it all, take it into the bank, and they're going to give you a Chuck E Cheese token, right? And if you don't do it, if you do it, it's a $500,000 fine in 10 years in prison. Right? Back then it was a $10,000 fine, which was twice the price of the average Home huge fine, plus jail time. That's how severe it was, okay? So they confiscated all the money. That happened in 33 okay? Now we go off to war, and we enter the war late again. And so we have the big manufacturing operation. We're selling munitions and all kinds of supplies to everybody, all over the world, right? And we're just raking the gold and 20,000 tons of gold. We got all the gold. We got the biggest army now, we got the biggest bomb, we got the biggest economy. We got the strongest balance sheet. Well, I mean, you know, we went into debt for the war, but, I mean, we had a lot of gold. So now everybody else is decimated. We're the big dog. Everybody knows we're the big dog. Nine states shows up in New Hampshire Bretton Woods, and they have this big meeting with the world, and they say, Hey guys, new sheriff in town. Britain used to be the world's reserve currency, but today we're going to be the world's reserve currency. And so this was the new setup. But it's okay. It's okay because our dollar is as good as gold. It's backed by gold, and so anytime you want foreign nations, you can just bring your dollars to us and we'll give you the gold, no problem. And everyone's like, okay, great. What are you going to say? Right? You got the big bomb, you got the big army. Everybody needs you for everything to live like you're not going to say no. So they said, Yes, of course, the United States immediately. I've got a speech that a guy named Beardsley Rummel did. Have you ever heard me talk about this before? Keith, No, I've never heard about this. So Beardsley Rummel was the New York Fed chair when all this was happening. And so he gave a speech to the American Bar Association in 1945 and I got a transcript of it, a PDF transcript of it from 1946 and basically he goes, Look, income taxes are obsolete. We don't need income tax anymore because we can print money, because we're off the gold standard and we have no accountability. We just admitted it, just totally admitted it, and said the only reason we have income tax is to manipulate behavior, is to redistribute wealth, is to force people to do what we want them to do, punish things and reward others, right? Just set it plain language. I have a transcript of the speech. You can get a copy of you send an email to Rummel R U, M, L@mainstreetcapitalist.com I'll get it to you. So it's really, really interesting. So he admitted it. So we went along in the 40s and the 50s, and, you know, we had the only big manufacturing you know, because everybody else is still recovering from the war. Everything been bombed to smithereens, and we're spending money and doing all kinds of stuff. And having the 50s, it was great, right, right up until the mid 60s. So the mid 60s, it's like, Okay, we got a problem. And Charles de Gaulle, who was the president of France at the time, went to a meeting. And there's a YouTube video, but you can see it, he basically told the world, hey, I don't think the United States is doing a good job managing this world's reserve currency. I don't think they've got the gold. I think they printed too much money. I think that we should start to go redeem our dollars and get the gold. That was pretty forward thinking. And he created a run on the bank. And at the same time, we passed the Coinage Act in 1965 and took all the silver out of the people's money. So we took the gold in 33 and then we took the silver in 65 right? Because we got Vietnam and the Great Society, welfare, all these things were going on in the 60s. We're just going broke. Meanwhile, our gold supply went from 20,000 tons down to eight and Richard. Nixon is like, whoa, time out. Like, this is bad. And so we had inflation in 1970 August 15, 1971 year before August 15, 1971 1970 Nixon writes an executive order and freezes all prices and all wages. It became illegal by presidential edict for a private business to give their employee a raise or to raise their prices to the customers.    Keith Weinhold  25:30   It's almost if that could happen price in theUnited States of America, right?    Russell Gray  25:36   And inflation was 4.4% and it was a national emergency like today. I mean, you know, a few years ago, like three or four years ago, we if we could get it down 4.4% it'd be Holly. I'd be like a celebration. That was bad. And so that's what happened. So a year later, that didn't work. It was a 90 day thing. It was a disaster. And so in a year later, August 15, 1971 Nixon came on live TV after Gunsmoke. I think it was, and I was old enough I'm watching TV on a Sunday night I watched it. Wow. So I live, that's how old I am. So it's a lot of this history, not the Bretton Woods stuff, but from like 1960 2,3,4, forward. I remember I was there.    Keith Weinhold  26:13   Yeah, that you remember the whole Nixon address on television. We should say it for the listener that doesn't know. Basically the announcement Nixon made, he said, was a temporary measure, is that foreign nations can no longer redeem their dollars for gold. He broke the promise that was made at Bretton Woods in about 1945   Russell Gray  26:32   Yeah. And then gold went from $42 up to 850 and a whole series of events that have led to where we're at today were put in place to cover up the fact that the dollar was failing. We had climate emergency. We were headed towards the next global Ice Age. We had an existential threat in two different diseases that hit one right after the other. First one was the h1 n1 flu, swine flu, and then the next thing was AIDS. And so we had existential pandemic, two of them. We also had a oil shortage crisis. We were going to run out of fossil fuel by the year 2000 we had to do all kinds of very public, visible, visceral things that we would all see. You could only buy gas odd even days, like, if your license plate ended in an odd number, you could go on these days, and if it ended on an even number, you could go on the other days. And so we had that. We lowered our national speed limit down to 55 miles an hour. We created the EPA and all these different agencies under Jimmy Carter to try to regulate and manage all of this crisis. Prior to that, Nixon sent Kissinger over to China, and we opened up trade relations. And we'd been in Vietnam to protect the world from communism because it was so horrible. And then in the wake of that, we go over to Communist China, Chairman Mao and open up trade relations. Why we needed access to their cheap labor to suck up all the inflation. And we went over to the Saudis, and we cut the petro dollar deal. Why? Because we needed the float. We needed some place for all these excess dollars that we had created to get sucked up. And so they got sucked up in trading the largest commodity in the world, energy. And the deal was, hey, Saudis, here's the deal. You like your kingdom? Well, we got the big bomb. We got the big army. You're going to rule the roost in the in the Middle East, and we'll protect you. All you got to do is make sure you sell all your oil in dollars and dollars only. And they're like, Well, what if we're selling oil to China, or what if we're selling oil to Japan? Can they pay in yen? Nope, they got to sell yen. Buy dollars. Well, what do we do with all these dollars? Buy our treasuries. Okay, so what if I got this? Yeah, and so that was the petrodollar system. And the world looked at everything went on, and the world is like, Hmm, the United States coming back to Europe, and Charles de Gaulle, they're like, the United States is not handling this whole dollar thing real well. We need an alternative. What if all of us independent nations in Europe got together and created a common currency? We don't want to be like one country, like the United States, but we want to be like an economic union. So let's create a current let's call it the euro. And they started that process in the 70s, but they didn't get it done till 99 and so they get it done in 99 as soon as they get it done, this guy named Saddam Hussein goes, Hey, I'm now the big dog here. I got the fourth largest army in the world. I'm here in, you know, big oil producing nation. Let's trade in the euro. Let's get off the dollar. Let's do oil in the euro. And he's gone. I'm not sure I should put my hat back on. I'm not sure, but somehow we went into Afghanistan and took a hard left and took this guy out.   Keith Weinhold  29:44   Some credence to this. Yes, yeah, so. But with that said,   Russell Gray  29:47   you know, we ended up with the Euro taking about 20% of the global trade market from the United States, which is about where it sits today. And the United States used to be up over 80% and now we're down below 60% still. The Big Dog by triple and the euro is not in a position to supplant the US, but I think China, whose claim to fame is looking at other people's technology and models and copying it, looked at what the United States did to become the dominant economic force, and I think they've systematically been copying it. I wrote a report on this way back in 2013 when I started really paying attention to it and began to chronicle all the things that they were doing, this big D dollarization movement that I think still has legs. It's the BRICS movement. It's all the central banks buying gold. It's the bilateral trade agreements where people are doing business outside the dollar. There's been not just that, but also putting together the infrastructure, right? The Asian Infrastructure Bank is an alternative to the IMF looking, if you have you read Confessions of an economic hitman. No. Okay, so this is a guy that used to work in the government, I think, CIA or something, and he would go down and he'd cut deals with leaders of countries to get them to borrow from the United States to put in key infrastructure so they could trade with the US. And then, of course, if they defaulted, then the US owned that in the infrastructure. You can look it up. His name is Perkins, right. Look it up confessions of economic hit now, but you see China doing the same thing. China's got their Belt and Road Initiative. And you go through, and if you want to trade with China on that route, you have traded, you're gonna have to have infrastructure. You can eat ports. You're gonna need terminals for distribution. But you, Oh, you don't have the money. We'll loan it to you, and we'll loan it to you and you want. Now we're creating demand for you want, and we also are enslaving borrower servant to the lender. We're beginning to enslave these other nations under the guise of helping them by financing their growth so they can do business with us. It's the same thing the United States did and Shanghai Gold Exchange, as opposed to the London Bullion exchange. So all of the key pieces of infrastructure that were put in place to facilitate Western hegemony in the financial markets the Chinese have been systematically putting in place with bricks, and so there's a reason we're in this big trade war right now. We recognize that they had started to get in a position where they were actually a real threat, and we got to cut their legs out from underneath them before they get any stronger. Again, I should put my hat back on. Nobody's calling me up and telling me, I'm just reading between the lines. Sure,   Keith Weinhold  32:23   there certainly are more competitors to the dollar now. And can you imagine what rate of inflation that we would have had if we had not outsourced our labor and productivity over to a low wage place like China in the east? Russ and I have been talking about the long term debasement of the dollar and why. More on that when we come back, including what Russ is up to today. You're listening to get rich education. Our guest is Russell Gray. I'm your host, Keith Weinhold, the same place where I get my own mortgage loans is where you can get yours. Ridge lending group and MLS, 42056, they provided our listeners with more loans than anyone because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage. Start your pre qual and even chat with President Chaley Ridge personally while it's on your mind, start at Ridge lendinggroup.com that's Ridge lendinggroup.com. You know what's crazy? Your bank is getting rich off of you. The average savings account pays less than 1% it's like laughable. Meanwhile, if your money isn't making at least 4% you're losing to inflation. That's why I started putting my own money into the FFI liquidity fund. It's super simple. Your cash can pull in up to 8% returns, and it compounds. It's not some high risk gamble like digital or AI stock trading. It's pretty low risk because they've got a 10 plus year track record of paying investors on time, in full every time. I mean, I wouldn't be talking about it if I wasn't invested myself. You can invest as little as 25k and you keep earning until you decide you want your money back. No weird lockups or anything like that. So if you're like me and tired of your liquid funds just sitting there doing nothing. Check it out. Text family, 266, 866, to learn about freedom family investments, liquidity fund again. Text family, 266, 866,   Garrett Sutton  34:36   hi. This is Rich Dad advisor, Garrett Sutton. You're listening to the always valuable. Get rich education with Keith Weinhold, don't quit your Daydream.    Keith Weinhold  34:52   Welcome back to get rich education. We're talking with the main street capitalists Russell gray about this long term debasement of the dollar. It's an. Inevitable. It's one of the things we actually can forecast with pretty good predictability that the dollar will continue to debase. It's one of the few almost guarantees that we have in investing. So we can think about how we want to play that Russ one thing I wonder about is, did we have to completely de peg the dollar from gold? Couldn't we have just diluted it where we could instead say, Well, hey, now, instead of just completely depegging the dollar from gold, we could say, well, now it takes 10 times as many dollars as it used to to redeem it for an ounce of gold. Did it make it more powerful that we just completely de pegged it 100%   Russell Gray  35:36   it would disempower the monopoly. Right? In other words, I think that the thing from the very beginning, was scripted to disconnect from the accountability of gold, which is what sound money advocates want. They want some form of independent Accountability. Gold is like an audit to a financial system. If you're the bankers and you're running the program, the last thing in the world you want is a gold standard, because it limits your ability to print money out of thin air and profit from that. So I don't think the people who are behind all of this are, in no way, shape or form, interested in doing anything that's going to limit their power or hold them accountable. They want just the opposite. I think if they could wave a magic wand and pick their solution to the problem, it would be central bank digital currency, which would give them ultimate control. Yeah. And it wouldn't surprise me if we maybe, perhaps, were on a path where some crises were going to converge, whether it's opportunistic, meaning that the crisis happened on its own, and quote Rahm Emanuel and whoever he was quoting, you know, never let a good crisis go to waste, and you're just opportunistic, or, you know, put the conspiracy theory hat on, and maybe these crises get created in order to facilitate the power grab. I don't know. It really doesn't matter what the motives are or how it happens at the end of the day, it's what happens. It happened in 33 it happened in 60. In 71 it's what happens. And so it's been a systematic de pegging of any form of accountability. I mean, we used to have a budget ceiling. We used to talk about now it's just like, it's routine. You blow right through it, right, right. There's you balance. I mean, when's the last time you even had a budget? Less, less, you know, much less anything that looked like a valid balanced budget amendment. So I think there's just no accountability other than the voting booth. And, you know, I think maybe you could make the argument that whether you like Trump or not, the public's apparent embrace of him, show you that the main street and have a lot of faith in Main Street. I think Main Street is like, you know what? This is broken. I don't know what's how to fix it, but somebody just needs to go in and just tear this thing down and figure out a new plant. Because I think if you anybody paying attention, knows that this perpetual debasement, which is kind of the theme of the show is it creates haves and have nots. Guys like you who understand how to use real estate to short the dollar, especially when you marry it to gold, which is one of my favorite strategies to double short the dollar, can really magnify the power of inflation to pull more wealth onto your balance sheet. Problem is the people who aren't on that side of the coin are on the other side of the coin, and so the poor get poorer and the rich get richer. Well, the first order of business in a system we can't control is help as many people be on the rich get richer. That's why we had the get rich show, right? Let's help other people get rich. Because if I'm the only rich guy in the room, all the guns are pointed at me, right? I wanted everybody as rich as possible. I think Trump and Kiyosaki wrote about that in their book. Why we want you to be rich, right? When everybody's prospering, it's it's better, it's safer, you have people to trade with and whatnot, but we have eviscerated the middle class because industry has had to go access cheap labor markets in order to compensate for this inflation. And you know, you talk about the Fed mandate, which is 2% inflation, price inflation, 2% so if you say something that costs $1 today, a year from now, is going to cost $1 too, you think, well, maybe that's not that bad. But here's the problem, the natural progression of Business and Technology is to lower the cost, right? So you have something cost $1 today, and because somebody's using AI and internet and automation and robots and all this technology, right? And the cost, they could really sell it for 80 cents. And so the Fed looks at and goes, Let's inflate to $1.02 that's not two cents of inflation. That's 22 cents of inflation. And so there's hidden inflation. The benefits of the gains in productivity don't show up in the CPI, but it's like deferred maintenance on an apartment building. You can make your cash flow look great if you're not setting anything aside for the inevitable day when that roof is going to go out and that parking lot is going to need to be repaved, right? And you don't know how far out you are until you get there and you're like, wow, I'm really short, and I think that we have been experiencing for decades. The theft of the benefit of our productivity gains, and we're not just a little bit out of position. We're way out of position. That's   Keith Weinhold  40:07   a great point. Like I had said earlier, imagine what the rate of inflation would be if we hadn't outsourced so much of our labor and productivity to low cost China. And then imagine what the rate of inflation would be as well, if you would factor in all of this increased productivity and efficiency, the natural tendencies of which are to make prices go lower as society gets more productive, but instead they've gone higher. So when you adjust for some of these factors, you just can't imagine what the true debased purchasing power of the dollar is. It's been happening for a long time. It's inevitable that it's going to continue to happen in the future. So this has been a great chat about the history and us understanding what the powers that be have done to debase our dollar. It's only at what rate we don't know. Russ, tell us more about what you're doing today. You're really out there more as a champion for Main Street in capitalism.   Russell Gray  41:04   I mean, 20 years with Robert and the real estate guys, and it was fantastic. I loved it. I went through a lot, obviously, in 2008 and that changed me a little bit. Took me from kind of being a blocking and tackling, here's how you do real estate, and to really understanding macro and going, you know, it doesn't matter. You can do like I did, and you build this big collection. Big collection of properties and you lose it all in a moment because you don't understand macro. So I said, Okay, I want to champion that cause. And so we did that. And then we saw in the 2012 JOBS Act, the opportunity for capital raisers to go mainstream and advertise for credit investors. And I wrote a report then called the new law breaks Wall Street monopoly. And I felt like that was going to be a huge opportunity, and we pioneered that. But then after my late wife died, and I had a chance to spend some time alone during COVID, and I thought, life is short. What do I really want to accomplish before I go? And then I began looking at what was going on in the world. I see now a couple of things that are both opportunities and challenges or causes to be championed. And one is the mega trend that I believe the world is going you know, some people call it a fourth turning whatever. I don't consider that kind of we have to fall off a cliff as Destiny type of thing to be like cast in stone. But what I do see is that people are sick and tired of monopolies. We're sick and tired of big tech, we're sick and tired of big media, we're sick and tired of big government. We're sick and tired of big corporations, we don't want it, and big banks, right? So you got the rise of Bitcoin, you got people trying to get out from underneath the Western hegemony, as we've been talking about decentralization of everything. Our country was founded on the concept of decentralization, and so people don't understand that, right? It used to be everything was centralized. All powers in the king. Real Estate meant royal property. That's what real estate it's not like real asset, like tangible it's royal estate. It's royal property. Everything belonged to the king, and you just got to work it like a serf. And then you got to keep 75% in your produce, and you sent 25% you sent 25% through all the landlords, the land barons, and all the people in the hierarchy that fed on running things for the king, but you didn't own anything. Our founder set that on, turn that upside down, and said, No, no, no, no, no, it's not the king that's sovereign. It's the individual. The individual is sovereign. It isn't the monarchy, it's the individual states. And so we're going to bring the government, small. The central government small has only got a couple of obligations, like protect the borders, facilitate interstate commerce, and let's just have one common currency so that we can do business together. Other than that, like, the state's just going to run the show. Of course, Lincoln kind of blew that up, and it's gotten a lot worse after FDR, so I feel like we're under this big decentralization movement, and I think Main Street capitalism is the manifestation of that. If you want to decentralize capitalism, the gig economy, if you want to be a guy like you, and you can run your whole business off your laptop with a microphone and a camera, you know, in today's day and age with technology, people have tasted the freedom of decentralization. So I think the rise of the entrepreneur, I think the ability to go build a real asset portfolio and get out of the casinos of Wall Street. I think right now, if we are successful in bringing back these huge amounts of investment, Trump's already announced like two and a half or $3 trillion of investment, people are complaining, oh, the world is selling us. Well, they're selling stocks and they're selling but they're putting the money actually into creating businesses here in the United States that's going to create that primary driver, as you well know, in real estate, that's going to create the secondary and tertiary businesses, and the properties they're going to use all kinds of Main Street opportunity are going to grow around that. I lived in Silicon Valley, when a company would get funded, it wasn't just a company that prospered, it was everything around that company, right? All these companies. I remember when Apple started. I remember when Hewlett Packard, it was big, but it got a lot bigger, right there. I watched all that happen in Silicon Valley. I think that's going to happen again. I think we're at the front end of that. And so that's super exciting. Wave. The second thing that is super important is this raising capitalist project. And the reason I'm doing it is because if we don't train our next generation in the principles of capitalism and the freedom that it how it decentralizes Their personal economy, and they get excited about Bitcoin, but that's not productive. I'm not putting it down. I'm just saying it's not productive. You have to be productive. You want to have a decentralized currency. Yes, you want to decentralize productivity. That's Main Street capitalism. If kids who never get a chance to be in the productive economy get to vote at 1819, 2021, 22 before they've ever earned a paycheck, before they have any idea, never run a business. Somebody tells them, hey, those guys that have all that money and property, they cheated. It's not fair. We need to take from them. We need to limit them, not thinking, Oh, well, if I do that, when I get to be there, that what I'm voting for is going to get on me. Right now, Keith, there are kids in ninth grade who are going to vote for your next president, right?   Keith Weinhold  45:56   And they think capitalism is evil. This is part of what you're doing with the raising capitalists project, helping younger people think differently. Russ, I have one last thing to ask you. This has to do with the capitalism that you're championing on your platforms now. And real estate, I continue to see sometimes I get comments on my YouTube channel, especially maybe it's more and more people increasingly saying, Hey, I think housing should be a human right. So talk to us about that. And maybe it's interesting, Russ, if I take the other side of it and play devil's advocate, people who think housing is a human right, they say something like, the idea is that housing, you know, it's a fundamental need, just like food and clean water and health care are without stable housing. It's incredibly hard for a person to access opportunities like work and education or health care or participate meaningfully in society at all. So government ought to provide housing for everybody. What are your thoughts there?   Russell Gray  46:54   Well, it's inherently inflationary, which is the root cause of the entire problem. So anytime you create consumption without production, you're going to have more consumers than producers, and so you're going to have more competition for those goods. The net, net truth of what happens in that scenario are shortages everywhere. Every civilization that's ever tried any form of system where people just get things for free because they need them, end up with shortages in poverty. It doesn't lift everybody. It ruins everything. I mean, that's not conjecture. That's history, and so that's just the way it works. And if you just were to land somebody on a desert island and you had an economy of one, they're going to learn really quick the basic principles of capitalism, which is production always precedes consumption, always 100% of the time, right? If you're there on that desert island and you don't hunt fish or gather, you don't eat, right? You don't get it because, oh, it's a human right to have food. Nope, it's a human right to have the right to go get food. Otherwise, you're incarcerated, you have to have the freedom of movement to go do something to provide for yourself, but you cannot allow people to consume without production. So everybody has to produce. And you know, if you go back to the Plymouth Rock experiment, if you're familiar with that at all, yeah, yeah. So you know, just for anybody who doesn't know, when the Pilgrims came over here in the 1600s William Bradford was governor, and they tried it. They said, Hey, we're here. Let's Stick Together All for one and one for all. Here's the land. Everybody get up every day and work. Everybody works, and everybody eats. They starved. And so he goes, Okay, guys, new plan. All right, you wine holds. See this little plot of land, that's yours. You work it. You can eat whatever you produce. Over there, you grace. You're going to do yours and Johnson's, you're going to do yours, right? Well, what happened is now everybody got up and worked, and they created more than enough for their own family, and they had an abundance. And the abundance was created out of their hunger. When they went to serve their own needs, they created abundance forever others. That's the premise of capitalism. It's not the perfect system. There is no perfect system. We live in a world where human beings have to work before they get to eat. When I say eat, it could be having a roof over their head. It could be having clothes. It could be going on vacation. It could be having a nice car. It could be getting health care. It doesn't matter what it is, whatever it is you need. You have the right, or should have, the right, in a free system to go earn that by being productive, but the minute somebody comes and says, Oh, you worked, and I'm going to take what you produced and give it to somebody else who didn't, that's patently unfair, but economically, it's disastrous, because it incentivizes people not to work, which creates less production, more consumption. I have another analogy with sandwich makers, but you can imagine that if you got a group if you got a group of people making sandwiches, one guy starts creating coupons for sandwiches. Well then if somebody says, Okay, well now we got 19 people providing for 20. That's okay, but then all the guys making sandwiches. Why making sandwiches? I'm gonna get the coupon business pretty soon. You got 18 guys doing coupons, only two making sandwiches. Not. Have sandwiches to go around all the sandwiches cost tons of coupons because we got way more financialization than productivity, right? That's the American economy. We have to fix that. We can't have people making money by just trading on other people's productivity. We have to have people actually being productive. This is what I believe the administration is trying to do, rebuild the middle class, rebuild that manufacturing base, make us a truly productive economy, and then you don't have to worry about these things, right? We're going to create abundance. And if you don't have the inflation is which is coming from printing money out of thin air and giving to people who don't produce, then housing, all sudden, becomes affordable. It's not a problem. Health care becomes affordable. Everything becomes affordable because you create abundance, because everybody's producing the system is fundamentally broken. Now we have to learn how to profit in it in its current state, which is what you teach people how to do. We also have to realize that it's not sustainable. We're on an unsustainable path, and we're probably nearing that event horizon, the path of no return, where the system is going to break. And the question is, is, how are you going to be prepared for it when it happens? Number two, are you going to be wise enough to advocate when you get a chance to cast a vote or make your voice heard for something that's actually going to create prosperity and freedom versus something that's going to create scarcity and oppression? And that's the fundamental thing that we have to master as a society. We got to get to our youth, because they're the biggest demographic that can blow the thing up, and they're the ones that have been being indoctrinated the worst.   Keith Weinhold  51:29   Yes, Fed Chair Jerome Powell himself said that we live in a economic system today that is unsustainable. Yes, the collectivism we touched on quickly descends into the tyranny of the majority. And in my experience, historically, the success of public housing projects has been or to mixed at best, residents often don't respect the property when they don't have an equity stake in it or even a security deposit tied up in it, and blight and high crime rates have often followed with these public housing projects. When you go down that path of making housing as a human right, like you said earlier, you have a right to go procure housing for yourself, just not to ask others to pay for it for you. Well, Russ, this has been great. It's good to have your voice back on the show. Here again, here on a real estate show. If people want to connect with you, continue to see what you've been up to and the good projects that you're working on, promoting the virtues of capitalism. What's the best way for them to do that?   Russell Gray  52:31   I think just send an email to follow at Russell Gray, R, U, S, S, E, L, L, G, R, A, y.com, let you know where I am on social media. I'll let you know when I put out new content. I'll let you know when I'm a guest on somebody somebody's show and I'm on the cusp of getting my own show finally launched. I've been doing a lot of planning to get that out, but I'm excited about it because I do think, like I said, The time is now, and I think the marketplace is ripe, and I do speak Main Street and macro, and I hope I can add a nuance to the conversation that will add value to people.   Keith Weinhold  53:00   Russ, it's been valuable as always. Thanks so much for coming back onto the show. Thanks, Keith.   Yeah, terrific, historic outline from Russ about the long term decline of the dollar. It's really a fresh reminder and motivator to keep being that savvy borrower. Of course, real estate investors have access to borrow giant sums of dollars and short the currency that lay people do not. In fact, lay people don't even understand that it's a viable strategy at all. Like he touched on, Russ has really been bringing an awareness about how decentralization is such a powerful force that reshapes society. In fact, he was talking about that the last time that I saw him in person a few months ago. Notably, he touched on Nixon era wage and price controls. Don't you find it interesting? Fascinating, really, how a few weeks ago, Trump told Walmart not to pass tariff induced price increases onto their customers. Well, that's a form of price control that we're seeing today to our point, when we had the father of Reaganomics, David Stockman here on the show, five weeks ago, tariffs are already government intervention into the free market, and then a president telling private companies how to set their prices, that is really strong government overreach. I mean, I can't believe that more people aren't talking about this. Maybe that's just because this cycle started with Walmart, and that's just doesn't happen to be a company that people feel sorry for. Hey, well, I look forward to meeting you in person in Miami in just four days, as I'll be a faculty member for when we kick off the terrific real estate guys Investor Summit and see and really getting to know you, because we're going to spend nine days together. Teaching, learning and having a great time on a cruise ship in the Caribbean. Until then, I'm your host. Keith Weinhold, don't quit your Daydream.   Speaker 3  55:13   Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get rich Education LLC, exclusively.   Keith Weinhold  55:36   You know whatever you want, the best written real estate and finance info. Oh, geez, today's experience limits your free articles access and it's got pay walls and pop ups and push notifications and cookies disclaimers. It's not so great. So then it's vital to place nice, clean, free content into your hands that adds no hype value to your life. That's why this is the golden age of quality newsletters, and I write every word of ours myself. It's got a dash of humor, and it's to the point because even the word abbreviation is too long, my letter usually takes less than three minutes to read. And when you start the letter, you also get my one hour fast real estate video. Course, it's all completely free. It's called the Don't quit your Daydream letter. It wires your mind for wealth, and it couldn't be easier for you to get it right now. Just text. GRE to 66866, while it's on your mind, take a moment to do it right now. Text, GRE to 66866   The preceding program was brought to you by your home for wealth, building, getricheducation.com.

From Monday to Wednesday, Chinese President Xi Jinping will attend the second China-Central Asia Summit in Astana, Kazakhstan, at the invitation of the country's President Kassym-Jomart Tokayev. In the land of the Great Steppe, President Xi and his counterparts of five Central Asian countries are expected to further cement China-Central Asia cooperation. Exchanges between China and Central Asia date back at least two thousand years, to the days of the Ancient Silk Road. And with the Belt and Road Initiative, political trust has been enhanced and trade volume has skyrocketed. What does the summit mean for China-Central Asia ties? What results can we expect this time? What do stable China-Central Asia relations mean for the world?

Learn to invest alongside the top minds in commodities. Join The Commodity University today. CLICK: https://2ly.link/26yH8 Dr. Thomas Kaplan, legendary investor and chairman of NovaGold, joins Jay Martin for a wide-ranging conversation on the future of global power, the collapse of empires, and the rising threat of resource nationalism. Kaplan draws from decades of experience in energy and metals to break down why gold is becoming a strategic asset again, how the U.S. is undermining its own dominance, and why his billion-dollar bet on Alaska's Donlin project could be the gold trade of the decade. Sign up for my free weekly newsletter at https://2ly.link/211gx Be part of our online investment community: https://cambridgehouse.com https://twitter.com/JayMartinBC https://www.instagram.com/jaymartinbc https://www.facebook.com/TheJayMartinShow https://www.linkedin.com/company/cambridge-house-international 0:00 – Intro 1:45 – What's catching Dr. Kaplan's attention geopolitically 5:06 – What values and alliances underpin U.S. global power today? 14:17 – Can we map the decline of U.S. power across its military, alliances, and currency strength? 16:03 – Has the U.S. military lost its manufacturing edge since WWII? 21:13 – How has the U.S.'s foreign policy behavior affected its alliances? 24:22 – What's the intent behind the U.S. trade strategy? 26:22 – Are today's political environments suppressing honest critique? 27:00 – Has China's Belt and Road Initiative become a rival to U.S. weapons diplomacy? 31:20 – What is the role of raw materials in today's geopolitics? 32:49 – How do you view resource nationalism today compared to a decade ago? 44:16 – Why is Donlin such a strategic gold asset, and how was the deal done? 1:12:09 – What's next for Donlin, and what can investors expect going forward? 1:19:40 - How Dr. Kaplan found success in the mining industry Copyright © 2025 Cambridge House International Inc. All rights reserved.

The Global Power Shift has begun – The East Has a plan has UK lost the plot? As the West fumbles with political chaos, rising debt, and short-term thinking, the East powers ahead with vision and purpose. Countries like China, Malaysia, and the UAE are investing in infrastructure, education, and long-term strategy—while the UK seems stuck in a loop of tax hikes, red tape, and broken systems.  In this episode, I explore how global power is shifting fast—and why investors, entrepreneurs, and even families are looking East for opportunities, stability, and growth. What can you do to secure your financial future in this changing world? Has Britain lost the plot? Let's find out. Watch full video at Charles Kelly Money Tips Podcast - https://youtu.be/_5jK8oHuj8o China's multi-billion dollar ‘Belt and Road Initiative' project is linking three quarters of the world's countries - 150 nations through Road and Maritime former silk routes.  Linking countries like Malaysia, Thailand, Cambodia, Laos, Pakistan, Uzbekistan, Kazakhstan and more.  They are building it, not talking about it for 30 years like we do in the UK. Successive governments have been debating expanding London's Heathrow Airport by one runway since the Beatles were together.  Take That and Taylor Swift were not even born!  Rail links across Laos and Cambodia to China allow farmers to deliver produce to the vast Chinese market in 6 days. Trade has exploded in SE Asia from car manufacturing, industry to education and agriculture. What can you do to secure your financial future in this changing world?  Check out my SMART MONEY COURSE - https://bit.ly/4klq0mv  As China expands its influence, where do you think countries in Southeast Asia and the Middle East will look to for its future? America or China?  Who do they see as their friend when China is building trading links while America is ‘weaponizing' the dollar and telling them what to do? Why are more countries applying to join BRICS? Chinese overtook the US as Africa's largest trading partner in 2009. The West (Europe and America) has been asleep at the wheel for decades.  UK previously had strong links with African nations, (many of whom were given Independence after the Second World War as the empire declined), through the commonwealth. But with all due respect to the Royal Family, wheeling out the Queen to wave at the crowds every few years is not enough.  China is running rings around the west.  Unlike western democracies who can only plan as far as the next election, China has a long term vision and strategy.  Look what's happening in the Middle East in countries like Dubai, Qatar and Saudi which are all embarking on massive multibillion-dollar projects to reinvest their oil wealth for their future. They also attracting the brightest and the best entrepreneurs, engineers, scientists and IT people, while the UK is taxing them out of existence.  New World Order?  What do you think? China and many other Southeast Asian countries have a plan. The Middle East has a plan. What is the UK's plan? Tax and spend our money! Tax and spend our savings! Tax and spend our pensions! (Rachel Reeves is doing a Gordon Brown tax raid on pensions.  He bankrupted Britain). Tax business and landlords Tax jobs and employment Tax motorists Tax parents who send their children to private schools! The government is coming after YOUR money! They have already borrowed billions and can't afford to fund their fantasy schemes.  Where is the big thinking and long term vision? Where is the growth, green energy? Really? While they lurch from one crisis to the next, smart people, educated professionals, businesses and entrepreneurs are leaving the UK to go where they are appreciated. Have any of the top ministers ever run a large business? I wouldn't trust them with a market stall? What can you do? As Warren Buffett said, financial education is the key to building wealth. It's the stuff they don't teach you in school.  Learn how to build and protect wealth. Learn how to manage your money. Learn how to invest in assets rather than losing money by lending it to the banks.  Learn about the invisible taxes like inflation which is eating up your savings.  Learn about Gold and Silver, the only real money. Property Stocks and Shares I teach this and much more in my SMART MONEY COURSE – check out the link below: Join my SMART MONEY COURSE - - https://bit.ly/4klq0mv #GlobalPowerShift, #UKEconomy, #RiseOfTheEast, #ChinaStrategy, #MalaysiaMM2H, #InvestInAsia,  #BritainInDecline, #Geopolitics2025, #EastVsWest, #EmergingMarkets, #EconomicShift, #MoneyTipsPodcast, #SmartInvesting2025

In an interview from 2020, Jonathan Hillman discusses China's Belt and Road Initiative. Hillman's book, "The Emperor's Road: China and the Project of the Century," reveals China's ambitious blueprint for world influence.

There's a new bipartisan bill - the Eastern Mediterranean Gateway Act - that's once again putting the spotlight on Greece, Cyprus, Israel, and their potential roles in IMEC, a project increasingly seen as the answer to China's Belt and Road Initiative. Endy Zemenides, the Executive Director of HALC, joins Thanos Davelis to break down why this new legislation matters, look at how the East Med can play a unique role as the West turns toward addressing the challenges posed by China, and explore how Greece and Cyprus fit into this story.You can read the articles we discuss on our podcast here:Initiative in US Congress seeks to establish EastMed as strategic hub within IMEC frameworkTurkey is not acting like a US ally, say AJC and HALC chiefsDesalination units arrive in CyprusIndia eyes strategic push in Greece

China, Cultural Revolution, Mao, Hua Guofeng, Gang of Four, China's shift to capitalism, China's economy, the Sino-Soviet split and how it effected China in the long run, China and the World Trade Organization, China's global infrastructure, Belt and Road Initiative, Trump 2.0's love/hate relationship with the Chinese economy, the purpose of deindustrialization in the US, how US corporations cannibalize one another, Trump's position on US Treasuries, how tariffs relate to Treasury yields, Modern Monetary Theory (MMT), how Trump 2.0 is employing MMT, how Trump's NATO policy factors in, private military companies, the prospect of the US further outsourcing military services, Trump's relationship with the Fed & Jerome Powell, DEI and how it plays into Trump's strategy, why the Democrats are doing so little to uphold DEI, how the situation in Palestine effects Trump's economic agenda, will the US go to war with China?River misspoke on Guofeng's role in the Gang of Four trial: "re: Hua Guofeng and the Gang of Four. He helped to arrest the gang of four only one month after Mao's death in 1976. Trial was in 1981. When I said he didn't persecute the gang of four I was wrong, he did. I conflated his unwillingness to further the revolution (and unwillingness to stop it- same pattern of not taking the initiative we talked about) with his actions towards the gang of four."Music by: Keith Allen Dennishttps://keithallendennis.bandcamp.com/Additional Music: Chay and the Hostageshttps://chaythehostages.bandcamp.com/album/trigger-warning Hosted on Acast. See acast.com/privacy for more information.

Best-selling author of “One Nation Under Blackmail”, Whitney Webb, is back to discuss her latest article on the covert moves that are being made by one of the most polarizing figures in recent American history, Erik Prince. While his former company Blackwater underwent multiple rebrandings to attempt to remove the bloodstains from the carpet in the lobby, Prince was busy launching new ventures from his home base in the United Arab Emirates, such as Comframe and Dark Matter, which seek to help the Chinese acquire technology from Israel to assist with its Belt and Road Initiative. While China attempts to rebuild the fabled Silk Road to connect the world together, the United Nations is busy devising new ways in which to destroy it. Using the imagined threat of “climate change” as the new invisible enemy, the UN's Sustainable Development Goals are leading the world into a digital panopticon where the public is treated as fenced livestock and the Globalists are the only ones with the keys. The Octopus of Global Control Audiobook: https://amzn.to/3xu0rMm Hypocrazy Audiobook: https://amzn.to/4aogwms Website: www.Macroaggressions.io Activist Post: www.activistpost.com Sponsors: Chemical Free Body: https://www.chemicalfreebody.com Promo Code: MACRO C60 Purple Power: https://c60purplepower.com/ Promo Code: MACRO Wise Wolf Gold & Silver: www.Macroaggressions.gold LegalShield: www.DontGetPushedAround.com EMP Shield: www.EMPShield.com Promo Code: MACRO ECI Development: https://info.ecidevelopment.com/-get-to-know-us/macro-aggressions Christian Yordanov's Health Transformation Program: www.LiveLongerFormula.com Privacy Academy: https://privacyacademy.com/step/privacy-action-plan-checkout-2/?ref=5620 Brain Supreme: www.BrainSupreme.co Promo Code: MACRO Above Phone: abovephone.com/macro Promo Code: MACRO Van Man: https://vanman.shop/?ref=MACRO Promo Code: MACRO My Patriot Supply: www.PrepareWithMacroaggressions.com Activist Post: www.ActivistPost.com Natural Blaze: www.NaturalBlaze.com Link Tree: https://linktr.ee/macroaggressionspodcast Whitney Webb: Website: www.UnlimitedHangout.com Books: https://rb.gy/dyrdx

The Fourth ministerial meeting of the China-Community of Latin American and Caribbean States Forum has just taken place in Beijing.Brazilian President Luiz Inacio Lula da Silva, Chilean President Gabriel Boric and Colombian President Gustavo Petro were among those in attendance.Meanwhile, Columbia has formally agreed to join the Belt and Road Initiative.What's driving the closer ties between China and the Latin America and Caribbean nations? And what does this mean for the unity of the Global South?Host Zhao Ying is joined by Cao Ting, Director of Center for Latin American Studies of Fudan University; Pedro Steenhagen, PhD candidate in International Politics at Fudan University and Consultant at the China Desk of Brazil's Daniel Law; Fernando Munoz Bernal, Founder of Media Without Means, a platform aimed at combating misinformation by giving local voices a chance to share their stories.

Over the past decade, China and countries across Latin America and the Caribbean have developed a partnership built on growing trust and shared goals, despite the distance between them. With 22 countries in the region now signed on to the Belt and Road Initiative, cooperation is expanding fast. How far have we come in the past ten years? And where is this relationship heading next?

China and Colombia have signed a cooperation plan under the Belt and Road Initiative (1:05). The Chinese mainland has called on people on both sides of the Taiwan Strait to work together to uphold national dignity (14:09). U.S. President Donald Trump has signed billions of dollars of deals during his ongoing trip in the Middle East (21:50).

① President Xi Jinping and his Brazilian counterpart Luiz Inacio Lula da Silva have reaffirmed their commitment to upholding multilateralism and building a stronger China-Brazil Community with a Shared Future. How should we characterize China-Brazil cooperation? (00:54)② Sri Lankan analyst: the Belt and Road Initiative is a strategic stabilizer amid global trade turbulence. (11:54)③ We explore how medium-to-long-term pressure on the US economy is mounting despite its seemingly low inflation in April. (24:53)④ US President Donald Trump has announced plans to lift sanctions on Syria. Is this a significant win for the Syrian government led by Ahmed al-Sharaa? (36:25)⑤ China has slammed its Taiwan region's leader for calling for a so-called “non-red supply chain” for global semiconductors that excludes the mainland. What could be the consequences if Taiwan's DPP authorities continue to bow to and flatter Washington? (45:38)

U.S. President Donald Trump is on a three-nation visit to the Middle East, the first major overseas tour of his second term. Reports indicate that Israel targeted Hamas leader Mohammad Sinwar in a strike. China and Colombia sign a cooperation plan on the Belt and Road Initiative.

Ari Sussman of Collective Mining provides a comprehensive update on the company's projects, particularly focusing on the San Antonio project and its drilling results. He discusses the strategic direction of the company, including management changes and the potential for significant discoveries in Colombia's mining sector. The conversation also touches on geopolitical factors affecting investment in the region, particularly in light of Colombia's potential involvement in China's Belt and Road Initiative.

In this episode, we focus on the often-overlooked geographies of Eurasian connectivity with Dr. Wojciech Kębłowski, whose research brings attention to the Polish border towns of Małaszewicze and Narevka, key yet rarely discussed nodes in global infrastructure networks. As Eurasia undergoes a dramatic reconfiguration—with initiatives like China's Belt and Road Initiative, the India-Middle East-Europe Corridor, and numerous regional projects vying for influence—we discuss what happens at the edges. How are logistics nodes developed? Who lives in these nodes of connection, and how do they navigate the shifting tides of global ambition? Our conversation spans local politics, logistics, labor, railway connectivity, and geopolitics, offering a multidimensional view of border hubs where the global meets the local. These sites are not only shaped by supply chain logics but also by mounting geopolitical rivalries, as powers compete for infrastructural influence across continents. Dr. Kębłowski paints a vivid picture of Małaszewicze, once a booming railway town employing over 10,000 people, now economically depressed but still strategically vital. While geopolitical tensions—like the war in Ukraine—have disrupted trade flows, they haven't derailed Małaszewicze's importance. The town's traffic has rebounded, a testament to its logistical centrality. Dr. Kębłowski discussed the hopes of renewal spurred by the BRI and how local leaders have actively tried to position Małaszewicze on the global map—courting Chinese delegations, lobbying Warsaw, and crafting narratives of international relevance. He shares insights into how these symbolic and practical efforts illustrate both the ambitions and the limitations faced by peripheries striving to assert their place in global politics and connectivity networks. GUEST BIO: Wojciech Kębłowski is an urban researcher, photographer, and Assistant Professor in Urban Studies and Planning at the Vrije Universiteit Brussel, with affiliations at the Université libre de Bruxelles. He will begin a new professorship at the University of Hong Kong (HKU) in June 2025. His research sits at the intersection of urban, transport, and political geography, and draws on critical social and decolonial theory. It spans three main areas: the political economy and governance of “sustainable” transport, the urban geography of Global China, and alternatives to capitalist urbanism, including circular economy and degrowth practices. Wojciech's research is global in scope, with fieldwork and collaborations in diverse cities in Western Europe (Aubagne, Brussels, Luxembourg, Helsinki, Madrid), Eastern Europe (Sopot, Wrocław, Tallinn), China (Chengdu) and Cuba (Santiago). He uses a range of qualitative methods and is interested in photography as a research tool and a creative practice. Wojciech is involved in several international research projects, including LiFT (on fare-related mobility transitions), CARIN-PT (on flexible and on-demand transport), and previously led PUTSPACE and CIRCITY, focused on public transport and circular economies, respectively. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/political-science

Learn to invest alongside the top minds in commodities. Join The Commodity University today. CLICK: https://2ly.link/211gp Today on the Jay Martin Show, Professor Richard Wolff breaks down the meteoric rise of China's economy and how this will affect the world moving forward. From the Belt and Road Initiative to electric vehicle dominance and global GDP realignment, Wolff explores how China's hybrid economic model has challenged Western supremacy. Together, we examine whether the U.S. is in denial about its decline, if China's rise is sustainable, and if missing economic data from Beijing signals deeper troubles ahead. Follow Professor Wolff on X: https://x.com/profwolff Check out Democracy at work: https://www.youtube.com/@democracyatwrk Sign up for my free weekly newsletter at https://2ly.link/211gx Be part of our online investment community: https://cambridgehouse.com https://twitter.com/JayMartinBC https://www.instagram.com/jaymartinbc https://www.facebook.com/TheJayMartinShow https://www.linkedin.com/company/cambridge-house-international 0:00 – The Real Goal of Belt and Road 10:23 – Could China Repeat the Rise-and-Fall of Empires? 19:10 – Is the Panama Canal Story Political Theater? 26:09 – Why China Is Dominating the EV Market 41:12 – Belt and Road: Economic Play or Political Power Move? 45:34 – The New Global Power Bloc: BRICS vs G7 50:02 – Is China's Success Built on Private Capitalism or State Control? 54:49 – America's Cultural Taboo 58:26 – Why Is China Hiding Its Economic Data? 1:04:32 – The Flawed Faith in Statistics Copyright © 2025 Cambridge House International Inc. All rights reserved.

China and Russia issued a joint statement on Thursday on further deepening the comprehensive strategic partnership of coordination for a new era, agreeing to push forward the high-level development of bilateral ties, uphold a correct historical perspective on World War II and firmly defend international fairness and justice.The statement was jointly signed by President Xi Jinping and Russian President Vladimir Putin following their talks in Moscow.The two heads of state witnessed the exchange of more than 20 bilateral cooperation documents covering such areas as global strategic stability, upholding the authority of international law, biosecurity, investment protection, the digital economy, quarantine and film cooperation.Xi arrived in Moscow on Wednesday, his 11th visit to the neighboring country since becoming president, for a state visit and to attend celebrations of the 80th anniversary of the victory in the Soviet Union's Great Patriotic War. This year also marks the 80th anniversary of the victories in the Chinese People's War of Resistance Against Japanese Aggression (1931-45) and the World Anti-Fascist War.The two heads of state have met more than 40 times on different occasions over the years."The foundation of political mutual trust between China and Russia has grown deeper, the ties of practical cooperation have become stronger, and cultural and local exchanges have flourished," Xi said, noting that China-Russia relations are more composed, confident, stable and resilient in the new era.Xi called on the two countries to continue with the general direction of cooperation, eliminate external interference, and make the foundation of cooperation more solid and the momentum for progress more abundant.China and Russia should leverage the complementary advantages of the two countries' resources and industrial systems to expand high-quality and mutually beneficial cooperation in areas such as trade and economy, energy, agriculture, aerospace and artificial intelligence, Xi said.The two countries should synergize the Belt and Road Initiative and the Eurasian Economic Union, in order to provide a platform for promoting high-standard connectivity, he said.Xi also urged the two sides to enhance coordination and cooperation on multilateral platforms such as the United Nations, the Shanghai Cooperation Organization and BRICS to unite the Global South, uphold genuine multilateralism and guide global governance reform in the right direction.As China is striving to build itself into a great modern socialist country in all respects, and is advancing the rejuvenation of the Chinese nation on all fronts, Xi said that China is determined and confident in overcoming various risks and challenges, and will steadfastly manage its own affairs well regardless of changes in the external environment.He expressed China's readiness to work together with Russia to shoulder the special responsibilities entrusted by the times, maintain the global multilateral trading system, and ensure the stability and smooth operation of industrial and supply chains.This will contribute more significantly to the development and revitalization of both countries and the safeguarding of international fairness and justice, Xi said.Putin, who received Xi with a welcoming ceremony on Thursday morning, said, "I am grateful that, just as you did 10 years ago for the previous anniversary, you have chosen to join us in commemorating the 80th anniversary of the Great Victory, which our nation holds sacred."Putin said that amid global uncertainty, the Russia-China relationship is a crucial stabilizing factor on the international stage and undoubtedly a model of state-to-state relations in the 21st century.Russia-China ties are built on the principles of equality, mutual benefit and respect for each other's interests and sovereignty, and are not directed against any third party, he said.Putin added that imposing high tariffs goes against common sense and is illegal, and will only backfire.He also said he will be delighted to make an official visit to China for the commemorative events marking the 80th anniversary of the victory in the Chinese People's War of Resistance Against Japanese Aggression and the end of World War II.

①Chinese President Xi Jinping has called on China and Russia to work together for the interests of developing countries. (00:40)②China is introducing a new law to promote the private sector. What does it mean for private enterprises in the country? (11:55)③Columbia is planning to join the Belt and Road Initiative. What's behind this decision? (25:00)④China's export manufacturing hub of Yiwu shows resilience in the face of US tariffs.(34:15)⑤And interview with Russian figure skating stars Evgenia Medvedeva and Elizaveta Tuktamysheva (44:00)

In this episode, we focus on the often-overlooked geographies of Eurasian connectivity with Dr. Wojciech Kębłowski, whose research brings attention to the Polish border towns of Małaszewicze and Narevka, key yet rarely discussed nodes in global infrastructure networks. As Eurasia undergoes a dramatic reconfiguration—with initiatives like China's Belt and Road Initiative, the India-Middle East-Europe Corridor, and numerous regional projects vying for influence—we discuss what happens at the edges. How are logistics nodes developed? Who lives in these nodes of connection, and how do they navigate the shifting tides of global ambition? Our conversation spans local politics, logistics, labor, railway connectivity, and geopolitics, offering a multidimensional view of border hubs where the global meets the local. These sites are not only shaped by supply chain logics but also by mounting geopolitical rivalries, as powers compete for infrastructural influence across continents. Dr. Kębłowski paints a vivid picture of Małaszewicze, once a booming railway town employing over 10,000 people, now economically depressed but still strategically vital. While geopolitical tensions—like the war in Ukraine—have disrupted trade flows, they haven't derailed Małaszewicze's importance. The town's traffic has rebounded, a testament to its logistical centrality. Dr. Kębłowski discussed the hopes of renewal spurred by the BRI and how local leaders have actively tried to position Małaszewicze on the global map—courting Chinese delegations, lobbying Warsaw, and crafting narratives of international relevance. He shares insights into how these symbolic and practical efforts illustrate both the ambitions and the limitations faced by peripheries striving to assert their place in global politics and connectivity networks. GUEST BIO: Wojciech Kębłowski is an urban researcher, photographer, and Assistant Professor in Urban Studies and Planning at the Vrije Universiteit Brussel, with affiliations at the Université libre de Bruxelles. He will begin a new professorship at the University of Hong Kong (HKU) in June 2025. His research sits at the intersection of urban, transport, and political geography, and draws on critical social and decolonial theory. It spans three main areas: the political economy and governance of “sustainable” transport, the urban geography of Global China, and alternatives to capitalist urbanism, including circular economy and degrowth practices. Wojciech's research is global in scope, with fieldwork and collaborations in diverse cities in Western Europe (Aubagne, Brussels, Luxembourg, Helsinki, Madrid), Eastern Europe (Sopot, Wrocław, Tallinn), China (Chengdu) and Cuba (Santiago). He uses a range of qualitative methods and is interested in photography as a research tool and a creative practice. Wojciech is involved in several international research projects, including LiFT (on fare-related mobility transitions), CARIN-PT (on flexible and on-demand transport), and previously led PUTSPACE and CIRCITY, focused on public transport and circular economies, respectively. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/world-affairs

In this episode, we focus on the often-overlooked geographies of Eurasian connectivity with Dr. Wojciech Kębłowski, whose research brings attention to the Polish border towns of Małaszewicze and Narevka, key yet rarely discussed nodes in global infrastructure networks. As Eurasia undergoes a dramatic reconfiguration—with initiatives like China's Belt and Road Initiative, the India-Middle East-Europe Corridor, and numerous regional projects vying for influence—we discuss what happens at the edges. How are logistics nodes developed? Who lives in these nodes of connection, and how do they navigate the shifting tides of global ambition? Our conversation spans local politics, logistics, labor, railway connectivity, and geopolitics, offering a multidimensional view of border hubs where the global meets the local. These sites are not only shaped by supply chain logics but also by mounting geopolitical rivalries, as powers compete for infrastructural influence across continents. Dr. Kębłowski paints a vivid picture of Małaszewicze, once a booming railway town employing over 10,000 people, now economically depressed but still strategically vital. While geopolitical tensions—like the war in Ukraine—have disrupted trade flows, they haven't derailed Małaszewicze's importance. The town's traffic has rebounded, a testament to its logistical centrality. Dr. Kębłowski discussed the hopes of renewal spurred by the BRI and how local leaders have actively tried to position Małaszewicze on the global map—courting Chinese delegations, lobbying Warsaw, and crafting narratives of international relevance. He shares insights into how these symbolic and practical efforts illustrate both the ambitions and the limitations faced by peripheries striving to assert their place in global politics and connectivity networks. GUEST BIO: Wojciech Kębłowski is an urban researcher, photographer, and Assistant Professor in Urban Studies and Planning at the Vrije Universiteit Brussel, with affiliations at the Université libre de Bruxelles. He will begin a new professorship at the University of Hong Kong (HKU) in June 2025. His research sits at the intersection of urban, transport, and political geography, and draws on critical social and decolonial theory. It spans three main areas: the political economy and governance of “sustainable” transport, the urban geography of Global China, and alternatives to capitalist urbanism, including circular economy and degrowth practices. Wojciech's research is global in scope, with fieldwork and collaborations in diverse cities in Western Europe (Aubagne, Brussels, Luxembourg, Helsinki, Madrid), Eastern Europe (Sopot, Wrocław, Tallinn), China (Chengdu) and Cuba (Santiago). He uses a range of qualitative methods and is interested in photography as a research tool and a creative practice. Wojciech is involved in several international research projects, including LiFT (on fare-related mobility transitions), CARIN-PT (on flexible and on-demand transport), and previously led PUTSPACE and CIRCITY, focused on public transport and circular economies, respectively. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network

In this episode, we focus on the often-overlooked geographies of Eurasian connectivity with Dr. Wojciech Kębłowski, whose research brings attention to the Polish border towns of Małaszewicze and Narevka, key yet rarely discussed nodes in global infrastructure networks. As Eurasia undergoes a dramatic reconfiguration—with initiatives like China's Belt and Road Initiative, the India-Middle East-Europe Corridor, and numerous regional projects vying for influence—we discuss what happens at the edges. How are logistics nodes developed? Who lives in these nodes of connection, and how do they navigate the shifting tides of global ambition? Our conversation spans local politics, logistics, labor, railway connectivity, and geopolitics, offering a multidimensional view of border hubs where the global meets the local. These sites are not only shaped by supply chain logics but also by mounting geopolitical rivalries, as powers compete for infrastructural influence across continents. Dr. Kębłowski paints a vivid picture of Małaszewicze, once a booming railway town employing over 10,000 people, now economically depressed but still strategically vital. While geopolitical tensions—like the war in Ukraine—have disrupted trade flows, they haven't derailed Małaszewicze's importance. The town's traffic has rebounded, a testament to its logistical centrality. Dr. Kębłowski discussed the hopes of renewal spurred by the BRI and how local leaders have actively tried to position Małaszewicze on the global map—courting Chinese delegations, lobbying Warsaw, and crafting narratives of international relevance. He shares insights into how these symbolic and practical efforts illustrate both the ambitions and the limitations faced by peripheries striving to assert their place in global politics and connectivity networks. GUEST BIO: Wojciech Kębłowski is an urban researcher, photographer, and Assistant Professor in Urban Studies and Planning at the Vrije Universiteit Brussel, with affiliations at the Université libre de Bruxelles. He will begin a new professorship at the University of Hong Kong (HKU) in June 2025. His research sits at the intersection of urban, transport, and political geography, and draws on critical social and decolonial theory. It spans three main areas: the political economy and governance of “sustainable” transport, the urban geography of Global China, and alternatives to capitalist urbanism, including circular economy and degrowth practices. Wojciech's research is global in scope, with fieldwork and collaborations in diverse cities in Western Europe (Aubagne, Brussels, Luxembourg, Helsinki, Madrid), Eastern Europe (Sopot, Wrocław, Tallinn), China (Chengdu) and Cuba (Santiago). He uses a range of qualitative methods and is interested in photography as a research tool and a creative practice. Wojciech is involved in several international research projects, including LiFT (on fare-related mobility transitions), CARIN-PT (on flexible and on-demand transport), and previously led PUTSPACE and CIRCITY, focused on public transport and circular economies, respectively. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/eastern-european-studies

In this episode, we focus on the often-overlooked geographies of Eurasian connectivity with Dr. Wojciech Kębłowski, whose research brings attention to the Polish border towns of Małaszewicze and Narevka, key yet rarely discussed nodes in global infrastructure networks. As Eurasia undergoes a dramatic reconfiguration—with initiatives like China's Belt and Road Initiative, the India-Middle East-Europe Corridor, and numerous regional projects vying for influence—we discuss what happens at the edges. How are logistics nodes developed? Who lives in these nodes of connection, and how do they navigate the shifting tides of global ambition? Our conversation spans local politics, logistics, labor, railway connectivity, and geopolitics, offering a multidimensional view of border hubs where the global meets the local. These sites are not only shaped by supply chain logics but also by mounting geopolitical rivalries, as powers compete for infrastructural influence across continents. Dr. Kębłowski paints a vivid picture of Małaszewicze, once a booming railway town employing over 10,000 people, now economically depressed but still strategically vital. While geopolitical tensions—like the war in Ukraine—have disrupted trade flows, they haven't derailed Małaszewicze's importance. The town's traffic has rebounded, a testament to its logistical centrality. Dr. Kębłowski discussed the hopes of renewal spurred by the BRI and how local leaders have actively tried to position Małaszewicze on the global map—courting Chinese delegations, lobbying Warsaw, and crafting narratives of international relevance. He shares insights into how these symbolic and practical efforts illustrate both the ambitions and the limitations faced by peripheries striving to assert their place in global politics and connectivity networks. GUEST BIO: Wojciech Kębłowski is an urban researcher, photographer, and Assistant Professor in Urban Studies and Planning at the Vrije Universiteit Brussel, with affiliations at the Université libre de Bruxelles. He will begin a new professorship at the University of Hong Kong (HKU) in June 2025. His research sits at the intersection of urban, transport, and political geography, and draws on critical social and decolonial theory. It spans three main areas: the political economy and governance of “sustainable” transport, the urban geography of Global China, and alternatives to capitalist urbanism, including circular economy and degrowth practices. Wojciech's research is global in scope, with fieldwork and collaborations in diverse cities in Western Europe (Aubagne, Brussels, Luxembourg, Helsinki, Madrid), Eastern Europe (Sopot, Wrocław, Tallinn), China (Chengdu) and Cuba (Santiago). He uses a range of qualitative methods and is interested in photography as a research tool and a creative practice. Wojciech is involved in several international research projects, including LiFT (on fare-related mobility transitions), CARIN-PT (on flexible and on-demand transport), and previously led PUTSPACE and CIRCITY, focused on public transport and circular economies, respectively. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, Dr Y. Nithiyanandam, Professor at the Takshashila Institution, engages in an insightful discussion with Vice Admiral Anil Kumar Chawla (Retd) on the themes explored in his recent book, "Maritime Power and China's Grand Strategy". Together, they examine China's growing maritime ambitions—from its naval expansion and the “String of Pearls” to grey zone tactics and the Belt and Road Initiative. Drawing on Admiral Chawla's distinguished naval experience, the conversation delves into why maritime power is central to China's ascent and the implications for India's strategic outlook. An essential listen for students, professionals, and anyone interested in India's maritime future and the evolving dynamics of the Indo-Pacific.The PGP is a comprehensive 48-week hybrid programme tailored for those aiming to delve deep into the theoretical and practical aspects of public policy. This multidisciplinary course offers a broad and in-depth range of modules, ensuring students get a well-rounded learning experience. The curriculum is delivered online, punctuated with in-person workshops across India.⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://school.takshashila.org.in/pgp⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠All Things Policy is a daily podcast on public policy brought to you by the Takshashila Institution, Bengaluru.⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Find out more on our research and other work here: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://takshashila.org.in/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠...⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Check out our public policy courses here: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://school.takshashila.org.in⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

Join our podcast to explore the Make America Healthy Again (MAHA) movement's momentum, RFK Jr.'s health reforms like banning food dyes, and the U.S. tariff strategy against China. We also dive into China's Belt and Road Initiative, its $1 trillion infrastructure push across Asia and Africa, boosting trade but sparking debt concerns in countries like Kenya and Sri Lanka. Tune in for insights on global health and trade dynamics shaping a healthier, interconnected world. 

On this episode of The Jay Martin Show, world-renowned economist Jeffrey Sachs unpacks the long-term shifts reshaping the global order—from the end of Western dominance to the rise of China and the multipolar world emerging in its wake. Sachs offers a rare century-scale perspective on trade wars, technological competition, and U.S. debt vulnerability, challenging conventional narratives and calling for a mindset shift in Western geopolitics. He also shares insights from his advisory work in Southeast Asia and his views on China's Belt and Road Initiative, arguing it's a misunderstood force for global development. For more content from host Jay Martin, please visit The Commodity University at: https://2ly.link/211gp Sign up for my free weekly newsletter at https://2ly.link/211gx Be part of our online investment community: https://cambridgehouse.com https://twitter.com/JayMartinBC https://www.instagram.com/jaymartinbc https://www.facebook.com/TheJayMartinShow https://www.linkedin.com/company/cambridge-house-international 0:00 – What Do People Misunderstand About the U.S.-China Conflict? 6:39 – Is This Just the Natural Rise and Fall of Empires? 14:27 – Why the West Misjudged China's Rise 24:54 – Are Tariffs Just a Sideshow? 39:32 – Is Southeast Asia the Next Battleground? 47:24 – Could Losing the Dollar Trigger U.S. Panic? 55:05 – Is the Belt and Road Initiative a Global Growth Engine or a Trap? 59:05 – Is Indonesia Returning to Its Authoritarian Past? Copyright © 2025 Cambridge House International Inc. All rights reserved.

Chinese vehicles are relatively immune from the United States' tariff impacts due to the limited number of such direct exports to the US and nearly nonexistent sales of domestic brands in that market, said Cui Dongshu, secretary-general of the China Passenger Car Association.中国乘用车协会秘书长崔东树表示，由于中国对美直接出口汽车数量有限且自主品牌在当地市场销量近乎空白，中国汽车受美国加征关税的影响相对有限。Cui highlighted the strong growth potential of Chinese autos in other markets. He stressed the need for Chinese automakers to strengthen partnerships with companies from Belt and Road Initiative-involved regions and southern hemisphere areas.崔指出，中国汽车在其他市场展现出强劲增长潜力，他强调中国汽车制造商需深化与"一带一路"沿线地区及南半球区域企业之间的合作。Specifically, Cui said promoting the use of small-sized electric vehicles in those markets is key to addressing demand for navigating narrow streets due to inadequate infrastructure development in certain regions.崔东树特别指出，在基础设施发展相对滞后的区域市场，推广小型电动汽车应用是破解狭窄街巷通行需求的关键所在。"Currently, China's efforts in advancing the BRI have been fruitful, and there is strong demand for automobiles in these regions. There is substantial potential for gasoline-powered Chinese vehicles by ramping up the export of these products. Promoting plug-in hybrid models will also unlock tremendous opportunities due to cost-effectiveness and energy-efficiency," he said."当前中国'一带一路'建设成效显著，这些地区汽车消费需求旺盛。通过扩大传统燃油车出口，中国车企仍有巨大市场空间。此外，插电式混合动力车型凭借其成本效益与节能优势，也将释放巨大市场机遇。"Cui, citing data from the General Administration of Customs, said China exported only 116,138 vehicles to the US in 2024, accounting for a mere 1.81 percent of China's total auto exports.崔表示，根据海关总署的数据，2024年中国仅向美国出口了116,138辆汽车，占中国汽车出口总量的1.81%。In contrast, the so-called reciprocal tariffs imposed by the US have a more significant impact on European, Japanese and South Korean automakers. Huatai Securities predicts that the 25 percent additional tariffs imposed by the US will affect 20 percent of direct exports from Japan and South Korea, and 30 percent of direct exports from German automakers, translating to an estimated sales impact of approximately 270,000, 200,000, and 160,000 vehicles, respectively, in 2025.相比之下，美国实施的所谓"对等关税"对欧洲、日本和韩国汽车制造商的影响更为显著。华泰证券研报预测，美国加征的25%额外关税将影响日韩车企20%的直接出口规模，对德国汽车制造商的直接影响范围更达30%。按此推算，预计到2025年将分别造成日、韩、德系车企约27万辆、20万辆和16万辆的销售缺口。Huatai Securities suggests that the US tariff policies may indirectly promote cooperation between China and other countries and regions, potentially enabling Chinese automotive companies to gain more market share in the EU and Southeast Asia.华泰证券认为，美国关税政策或将间接促进中国与其他国家和地区的合作，中国车企有望借此在欧盟及东南亚市场获取更大份额。As per the Ministry of Commerce, on April 3, both China and Europe agreed to swiftly resume negotiations on price commitments for electric vehicle anti-subsidy cases, fostering a favorable environment for promoting investment and industrial cooperation between Chinese and European enterprises.据商务部消息，4月3日中欧双方同意尽快重启电动汽车反补贴案价格承诺谈判，为中欧企业深化投资与产业合作营造良好环境。"China's global automotive market share is only around 35 percent, with Chinese brand vehicles accounting for less than 28 percent. Chinese brand vehicles have ample room for market share growth in many overseas markets," Cui said.崔东树指出："中国汽车全球市场份额仅约35%，其中自主品牌占比不足28%。在众多海外市场，中国品牌汽车仍具备充分的市场拓展空间。""With minimal presence in the US automotive market, the trade conflicts have minimal negative impacts on Chinese brand vehicles. There are numerous opportunities for Chinese brands to expand overseas, especially in countries without established automotive industries that welcome our localized products," he said."由于中国品牌汽车在美国市场存在感极低，贸易摩擦带来的负面影响微乎其微。中国品牌海外拓展机遇众多，尤其在缺乏本土汽车工业的国家，当地市场对我们本土化产品持开放态度。"Cui highlighted a growing need for Chinese autos from BRI-involved regions. He said accelerating the export of Chinese gas-powered vehicle products and hybrid models holds immense potential.他特别强调，"一带一路"区域对中国汽车的需求持续增长，加速中国燃油车产品与混合动力车型出口将释放巨大潜力。the General Administration of Customs海关总署market share市场份额trade conflicts贸易摩擦price commitments价格承诺electric vehicles电动车

Watch Politics War Room & James Carville Explains on YouTube @PoliticsWarRoomOfficial James and Al attack the cruelty of Trump's immigration policy and his administration's growing authoritarianism before welcoming Admiral James Stavridis.  They discuss the foreign policy challenge posed by China's Belt and Road Initiative, the future of warfare as we move away from human armies toward robots and drones, and why aircraft carriers are essential and timeless in a world with threats in multiple theaters of action.  Then, they explore leadership lessons from history and culture, spanning Mario Puzo's The Godfather to direct written experiences from soldiers in the Civil War.  Email your questions to James and Al at politicswarroom@gmail.com or tweet them to @politicon.  Make sure to include your city– we love to hear where you're from! More from James and Al: Get text updates from Politics War Room and Politicon. Watch Politics War Room & James Carville Explains on YouTube @PoliticsWarRoomOfficial Get updates and some great behind-the-scenes content from the documentary CARVILLE: WINNING IS EVERYTHING, STUPID by following James on X @jamescarville and his new TikTok @realjamescarville James Carville & Al Hunt have launched the Politics War Room Substack Check Out Andrew Zucker's New Politicon Podcast: The Golden Age Get More From This Week's Guest:  Get More From Admiral James Stavridis: Twitter | Website | Carlyle Group | Author of “The Admiral's Bookshelf” & Other Books Please Support Our Sponsors: DeleteMe: Get 20% off your DeleteMe plan when you text WARROOM to 64000. Message and data rates apply.  Magic Spoon: Get $5 off your next order of delicious protein-packed Magic Spoon at magicspoon.com/warroom Beam: Sleep better with Beam's best-selling Dream Powder and get up to 40% off for a limited time when you go to shopbeam.com/warroom and use code: WARROOM

Matt Ehret and Ghost deliver a sweeping, cerebral episode of Breaking History that traverses the terrain of ancient philosophy, spiritual warfare, and modern geopolitics, all through the lens of history's repeating patterns. Beginning with a candid discussion about grassroots sovereignty and the spiritual energy behind the Great American Restoration Tour, the hosts explore how authentic citizen movements are essential to reclaiming a corrupted nation, just as they were in ancient Greece and early America. From Confucius and Socrates to George Washington and Donald Trump, they highlight the timeless battle between oligarchic control and moral leadership, digging deep into suppressed classical wisdom that still shapes today's struggles. The conversation dives into the roots of empire, from Merovingian myths and Gnostic elitism to the modern priesthood of global governance and the soft tyranny of unthinking "unity." Matt then pivots to break major news from his recent travels in Thailand, revealing how the long-dormant Kra Canal project is being revived as a keystone of China's Belt and Road Initiative, and why Western sabotage can't stop its momentum. The duo connects the dots between global infrastructure, tariffs, and the unraveling legacy of Milton Friedman's "free market" dogma, exposing how America's decline was engineered through cheap goods, offshoring, and debt enslavement. This episode is a masterclass in historical pattern recognition, economic sovereignty, and the sacred responsibility of self-governance. It's not just a conversation...it's a call to reawaken the philosopher king within.

The year 2025 marks the 10th anniversary of China's Digital Silk Road, which has become an increasingly crucial component of Xi Jinping's flagship foreign policy project: the Belt and Road Initiative. Over the past decade, China has massively expanded its digital infrastructure investment across the globe. Accompanying the investment has been the diffusion of China's digital governance norms and standards in recipient states. Countries in the Indo-Pacific have been at the forefront of this stretching Chinese digital influence landscape. The conflation between digital development cooperation and digital governance norms adoption has far-reaching implications that need to be better understood and addressed. To discuss the issue, Michael Caster joins host Bonnie Glaser. Caster is the Head of Global China Programmeat ARTICLE 19, an NGO that advances freedom of opinion and expression. His organization has published two reports examining China's Digital Silk Road. Timestamps[00:00] Start[01:30] Understanding China's Digital Silk Road [05:57] China's Digital Governance Norms[10:16] China's Digital Footprints Abroad[16:07] Attractiveness of Chinese Digital Solutions[18:56] Role of High-Tech Companies in Digital Governance[21:44] Assessing the Effectiveness of China's Digital Governance[23:14] State-Driven Surveillance and Censorship[27:39] China's BeiDou Navigation System [31:09] How should governments respond to these normative shifts? 

Erik Torenberg and Samo Burja dive deep into how Xi Jinping is shaping China's society today and its place in the world. They discuss Xi's firm hold on power, his connections with different political groups, and how his decisions are affecting China's economy, military, and politics. Make sure to subscribe to Samo Burja's Bismarck Brief and the Live Players podcast to read analyses and briefs like this one: Bismarck Brief: https://brief.bismarckanalysis.com/ Live Players: https://link.chtbl.com/liveplayers —

China's “Belt and Road Initiative” is a multi-trillion dollar global infrastructure project that harkens back to its original Silk Road roots to connect the regions of the world into a massive trade network. The project is currently underway and is expected to be completed in the middle part of the century, but the project isn't without controversy. The two-pronged approach features the Silk Road Economic Belt which connects countries and regions through road and rail projects and the 21st Century Maritime Silk Road which connects China to ports in SE Asia, South Asia, Africa, the Middle East, and Europe. Can China pull off the most ambitious construction project in the history of the world, or is it simply a covert way of enslaving unsuspecting countries into a devious debt trap laid by the CCP? The Octopus of Global Control Audiobook: https://amzn.to/3xu0rMm Hypocrazy Audiobook: https://amzn.to/4aogwms Website: www.Macroaggressions.io Activist Post: www.activistpost.com Sponsors: Chemical Free Body: https://www.chemicalfreebody.com Promo Code: MACRO C60 Purple Power: https://c60purplepower.com/ Promo Code: MACRO Wise Wolf Gold & Silver: www.Macroaggressions.gold LegalShield: www.DontGetPushedAround.com EMP Shield: www.EMPShield.com Promo Code: MACRO ECI Development: https://info.ecidevelopment.com/-get-to-know-us/macro-aggressions Christian Yordanov's Health Transformation Program: www.LiveLongerFormula.com Privacy Academy: https://privacyacademy.com/step/privacy-action-plan-checkout-2/?ref=5620 Brain Supreme: www.BrainSupreme.co Promo Code: MACRO Above Phone: http://abovephone.com/?above=macro Promo Code: MACRO Van Man: www.VanMan.shop Promo Code: MACRO Activist Post: www.ActivistPost.com Natural Blaze: www.NaturalBlaze.com Link Tree: https://linktr.ee/macroaggressionspodcast

There's a freedom revolution quietly unfolding—and it's not coming through politics. More and more people are taking matters into their own hands—setting up offshore structures, getting second residencies, diversifying their assets, and ensuring they're not boxed in by failing systems. It's not about fear—it's about options and the ability to act on your own terms when things get messy. In today's episode, I sat down with Austrian economist Bob Murphy on The Bob Murphy Show to break down this transformation and share what I'm seeing on the ground with clients around the world. TODAY'S CONVERSATION WITH BOB MURPHY: Tune in to hear Bob and me break down Trump's showdown over the Panama Canal—and how it pushed China's Belt & Road Initiative out of Panama. Discover why Nayib Bukele's unapologetic leadership is turning heads—and what El Salvador is doing differently to attract global attention. Listen in as I share the story about purchasing pesos in Argentina's “blue market”—this was wild! Get my take on Javier Milei's bold reforms—what's working, what's not, and whether Argentina is on my expat radar yet. Learn why I'm deeply skeptical about a U.S. “strategic Bitcoin reserve”—and why it runs counter to everything crypto stands for. Find out how the Biden administration's sanctions against Russia backfired—and accelerated the global de-dollarization trend. See how ordinary people are already being debanked—and how offshore tools like gold vaults and foreign accounts can offer protection. Hear my response to Americans who say, “We need to stay and fight”—and why I think there's a smarter way to go about it. SIGN UP FOR OUR NEWSLETTER Keep up to date on the latest news affecting expats, as well as maintain a steady stream of my opinions, travel stories, and more by subscribing to our newsletter. Not only will you receive the EMS Pulse newsletter and the weekly Expat Sunday Times, but sign up now, and you'll also receive my FREE special report, “Plan B Residencies and Instant Citizenships.” RELATED EPISODES 340: Expat News: Trump Sends Rubio To Panama & Javier Milei's Meme Coin Scandal 338: Former Walmart Exec Finds Freedom Abroad - Xenia Schneider 332: A Red-Pilled New Year's

Is El Salvador Retreating from Bitcoin? And Who's the Real “Wolf Warrior” in Latin America?Welcome back to Wealth Wednesday with the Latin Wealth Podcast. In this episode, we're diving into two major global stories impacting Latin America: El Salvador's Bitcoin retreat and the growing power struggle between the U.S. and China in the region.First, we take a deep look into President Bukele's historic Bitcoin experiment in El Salvador and why it's now facing a serious reversal under pressure from the International Monetary Fund (IMF). Was it a failed experiment, or was the world simply not ready for such a radical move?Then we shift focus to U.S.-China relations in Latin America—who's really acting like the “wolf warrior” now?From Trump's aggressive foreign policy moves to China's softer diplomatic tone, Latin America has become a critical battleground for influence.In this episode, we cover:- Why El Salvador is scaling back its Bitcoin plans- The IMF's role in reshaping crypto policy in Latin America- China's changing tone in Latin America- Trump's tough talk on Mexico, Colombia, and Panama- Panama leaving the Belt and Road Initiative#latinamerica #latinwealth

Today on Upstream, Erik Torenberg and Noah Smith analyze America's European withdrawal, China's selective globalization strategy, and tempers expectations about AI's economic impact while considering GDP measurement challenges. —

This week, Noah Smith and Erik Torenberg explore global economic issues, including US-European relations influenced by defense commitments, the impact of Trump's policies, China's Belt and Road Initiative and its exclusion of India, the role of AI in economic growth, government spending's effects on GDP, and briefly discuss Smith's upcoming book, Weeb Economy, and Noah's trip to Japan. – SPONSORS: NetSuite More than 41,000 businesses have already upgraded to NetSuite by Oracle, the #1 cloud financial system bringing accounting, financial management, inventory, HR, into ONE proven platform. Download the CFO's Guide to AI and Machine learning: https://netsuite.com/102 Found  Found provides small business owners tools to track expenses, calculate taxes, manage cashflow, send invoices and more. Open a Found account for free at https://found.com/econ102 AdQuick The easiest way to book out-of-home ads (like billboards, vehicle wraps, and airport displays) the same way you would order an Uber. Ready to get your brand the attention it deserves? Visit https://adquick.com/ today to start reaching your customers in the real world. Incogni Take your personal data back with Incogni! Use code ECON102 at the link below and get 60% off an annual plan: https://incogni.com/econ102 – SEND US YOUR Q's FOR NOAH TO ANSWER ON AIR: Econ102@Turpentine.co – FOLLOW ON X: @noahpinion @eriktorenberg @turpentinemedia – RECOMMENDED IN THIS EPISODE: Weeb Economy: https://bookplus.nikkei.com/atcl/catalog/25/03/02/01880/ I have written a book!: https://www.noahpinion.blog/p/i-have-written-a-book Noahpinion: https://www.noahpinion.blog/  – TAKEAWAYS: U.S.-Europe Relations & Geopolitical Shifts: Examines the U.S. shift away from supporting Europe, debating whether it was exploited or harming its own interests, with Trump's strength-focused foreign policy potentially pivoting toward Russia, risking economic and intelligence ties with Europe. China's Economic Strategy & Globalization: The Belt and Road Initiative has largely failed, with poorly executed projects and unsustainable debt burdens for recipient countries. India's Industrialization & Economic Future: India needs a major shift in labor dynamics, particularly increasing women's participation in factory work. AI, Economic Growth & the O-Ring Theory: AI's impact on economic growth is debated—some expect 10% growth, while Noah sees 5% as more realistic. Japan's Economy & Currency Strength: Japan should push for a new Plaza Accord with the U.S. to strengthen the yen. AI's Impact on Jobs & Productivity: AI is unlikely to eliminate all jobs but will require major adjustments in industries and legal structures.

President Trump has been threatening to “take back” the Panama Canal since he regained power. In this episode, listen to testimony from officials serving on the Federal Maritime Commission who explain why the Panama Canal has become a focus of the administration and examine whether or not we need to be concerned about an impending war for control of the canal. Please Support Congressional Dish – Quick Links Contribute monthly or a lump sum via Support Congressional Dish via (donations per episode) Send Zelle payments to: Send Venmo payments to: @Jennifer-Briney Send Cash App payments to: $CongressionalDish or Use your bank's online bill pay function to mail contributions to: Please make checks payable to Congressional Dish Thank you for supporting truly independent media! Background Sources Recommended Congressional Dish Episodes Current Events around the Panama Canal March 5, 2025. the Associated Press. Sabrina Valle, Suzanne McGee, and Michael Martina. March 4, 2025. Reuters. Matt Murphy, Jake Horton and Erwan Rivault. February 14, 2025. BBC. May 1, 2024. World Weather Attribution. World Maritime News Staff. March 15, 2019. World Maritime News. July 29, 2018. Reuters. Panama Canal Treaty of 1977 U.S. Department of State. The Chinese “Belt and Road Initiative” Michele Ruta. March 29, 2018. World Bank Group. The Trump-Gaza Video February 26, 2025. Sky News. Laws Audio Sources Senate Committee on Commerce, Science, and Transportation January 28, 2025 Witnesses: Louis E. Sola, Chairman, Federal Maritime Commission (FMC) Daniel B. Maffei, Commissioner, FMC , Professor, Scalia Law School, George Mason University Joseph Kramek, President & CEO, World Shipping Council Clips 17:30 Sen. Ted Cruz (R-TX): Between the American construction of the Panama Canal, the French effort to build an isthmus canal, and America's triumphant completion of that canal, the major infrastructure projects across Panama cost more than 35,000 lives. For the final decade of work on the Panama Canal, the United States spent nearly $400 million, equivalent to more than $15 billion today. The Panama Canal proved a truly invaluable asset, sparing both cargo ships and warships the long journey around South America. When President Carter gave it away to Panama, Americans were puzzled, confused, and many outraged. With the passage of time, many have lost sight of the canal's importance, both to national security and to the US economy. 18:45 Sen. Ted Cruz (R-TX): But the Panama Canal was not just given away. President Carter struck a bargain. He made a treaty. And President Trump is making a serious and substantive argument that that treaty is being violated right now. 19:10 Sen. Ted Cruz (R-TX): President Trump has highlighted two key issues. Number one, the danger of China exploiting or blocking passage through the canal, and number two, the exorbitant costs for transit. 19:20 Sen. Ted Cruz (R-TX): Chinese companies are right now building a bridge across the canal at a slow pace, so as to take nearly a decade. And Chinese companies control container points ports at either end. The partially completed bridge gives China the ability to block the canal without warning, and the ports give China ready observation posts to time that action. This situation, I believe, poses acute risks to US national security. 19:50 Sen. Ted Cruz (R-TX): Meanwhile, the high fees for canal transit disproportionately affect Americans, because US cargo accounts for nearly three quarters of Canal transits. US Navy vessels pay additional fees that apply only to warships. Canal profits regularly exceed $3 billion. This money comes from both American taxpayers and consumers in the form of higher costs for goods. American tourists aboard cruises, particularly those in the Caribbean Sea, are essentially captive to any fees Panama chooses to levy for canal transits, and they have paid unfair prices for fuel bunkering at terminals in Panama as a result of government granted monopoly. Panama's government relies on these exploitative fees. Nearly 1/10 of its budget is paid for with canal profit. 21:25 Sen. Ted Cruz (R-TX): Panama has for years flagged dozens of vessels in the Iranian ghost fleet, which brought Iran tens of billions of dollars in oil profits to fund terror across the world. 21:40 Sen. Ted Cruz (R-TX): And Chinese companies have won contracts, often without fair competition, as the infamous Belt and Road Initiative has come to Panama. China often engages in debt trap diplomacy to enable economic and political coercion. In Panama, it also seems to have exploited simple corruption. 32:40 Louis Sola: The Panama Canal is managed by the Panama Canal Authority, ACP, an independent agency of the Panamanian government. The ACP is a model of public infrastructure management, and its independence has been key to ensure a safe and reliable transit of vessels critical to the US and global commerce. 33:25 Louis Sola: In contrast, the broader maritime sector in Panama, including the nation's ports, water rights, and the world's largest ship registry, falls under the direct purview of the Panamanian government. 33:35 Louis Sola: Unfortunately, this sector has faced persistent challenges, including corruption scandals and foreign influence, particularly from Brazil and China. These issues create friction with the ACP, especially as it works to address long term challenges such as securing adequate water supplies for the canal. 33:55 Louis Sola: Although the ACP operates independently, under US law both the ACP and the government of Panama's maritime sector are considered one in the same. This means that any challenges in Panama's maritime sector, including corruption, lack of transparency, or foreign influence, can have a direct or indirect impact on the operations and long term stability of the canal. This legal perspective highlights the need for diligence in monitoring both the ACP's management and Panama government's policies affecting maritime operations. 34:30 Louis Sola: Since 2015, Chinese companies have increased their presence and influence throughout Panama. Panama became a member of the Belt and Road Initiative and ended its diplomatic relations with Taiwan. Chinese companies have been able to pursue billions of dollars in development contracts in Panama, many of which were projects directly on or adjacent to the Panama Canal. Many were no bid contracts. Labor laws were waived, and the Panamanian people are still waiting to see how they've been benefited. It is all more concerning that many of these companies are state-owned, and in some cases, even designated as linked to the People's Liberation Army. We must address the significant growing presence and influence of China throughout the Americas and in Panama, specifically. 35:20 Louis Sola: American companies should play a leading role in enhancing the canal's infrastructure. By supporting US firms, we reduce reliance on Chinese contractors and promote fair competition. 36:55 Daniel Maffei: Because the canal is essentially a waterway bridge over mountainous terrain above sea level, it does depend on large supplies of fresh water to maintain the full operations. Panama has among the world's largest annual rainfalls. Nonetheless, insufficient fresh water levels have occurred before in the canal's history, such as in the 1930s when the Madden Dam and Lake Alajuela were built to address water shortages. Since that time, the canal has undertaken several projects to accommodate larger, more modern ships. In the last couple of years, a trend of worsening droughts in the region, once again, has forced limits to the operations of the canal. Starting in June of 2023 the Panama Canal Authority employed draft restrictions and reduced the number of ships allowed to transit the canal per day. Now the Panama Canal limitations, in combination with the de facto closure of the Suez Canal to container traffic, has had serious consequences for ocean commerce, increasing rates, fees and transit times. 39:30 Daniel Maffei: Now, fortunately, Panama's 2024 rainy season has, for now, alleviated the most acute water supply issues at the canal, and normal transit volumes have been restored. That said, while the Panamanian government and Canal Authority have, with the advice of the US Army Corps of Engineers, developed credible plans to mitigate future water shortages, they also warned that it is likely that at least one more period of reduced transits will occur before these plans can be fully implemented. 41:55 Eugene Kontorovich: We shall see that under international law, each party to the treaty is entitled to determine for itself whether a violation has occurred. Now, in exchange for the United States ceding control of the canal which it built and maintained, Panama agreed to a special regime of neutrality. The essential features of this regime of neutrality is that the canal must be open to all nations for transit. That's Article Two. Equitable tolls and fees, Article Three. An exclusive Panamanian operation, Article Five. The prohibition of any foreign military presence, Article Five. Article Five provides that only Panama shall operate the canal. Testifying about the meaning of the treaty at the Senate ratification hearings, the Carter administration emphasized that this prohibits foreign operation of the canal, as well as the garrisoning of foreign troops. Now, Article Five appears to be primarily concerned about control by foreign sovereigns. If Panama signed a treaty with the People's Republic of China, whereby the latter would operate the canal on Panama's behalf, this would be a clear violation. But what if Panama contracted for port operations with a Chinese state firm, or even a private firm influenced or controlled in part by the Chinese government? The Suez Canal Company was itself, before being nationalized, a private firm in which the United Kingdom was only a controlling shareholder. Yet this was understood to represent British control over the canal. In other words, a company need not be owned by the government to be in part controlled by the government. So the real question is the degree of de jure or de facto control over a Foreign Sovereign company, and scenarios range from government companies in an authoritarian regime, completely controlled, to purely private firms in our open society like the United States, but there's many possible situations in the middle. The treaty is silent on the question of how much control is too much, and as we'll see, this is one of the many questions committed to the judgment and discretion of each party. Now turning to foreign security forces, the presence of third country troops would manifestly violate Article Five. But this does not mean that anything short of a People's Liberation Army base flying a red flag is permissible. The presence of foreign security forces could violate the regime of neutrality, even if they're not represented in organized and open military formations. Modern warfare has seen belligerent powers seek to evade international legal limitations by disguising their actions in civilian garb, from Russia's notorious little green men to Hamas terrorists hiding in hospitals or disguised as journalists. Bad actors seek to exploit the fact that international treaties focus on sovereign actors. Many of China's man made islands in the South China Sea began as civilian projects before being suddenly militarized. Indeed, this issue was discussed in the Senate ratification hearings over the treaty. Dean Rusk said informal forces would be prohibited under the treaty. Thus the ostensible civilian character of the Chinese presence around the canal does not, in itself, mean that it could not represent a violation of the treaty if, for example, these companies and their employees involved Chinese covert agents or other agents of the Chinese security forces. So this leads us to the final question, Who determines whether neutrality is being threatened or compromised? Unlike many other treaties that provide for third party dispute resolution, the neutrality treaty has no such provision. Instead, the treaty makes clear that each party determines for itself the existence of a violation. Article Four provides that each party is separately authorized to maintain the regime of neutrality, making a separate obligation of each party. The Senate's understanding accompanying to ratification also made clear that Article Five allows each party to take, quote, "unilateral action." Senator Jacob Javits, at the markup hearing, said that while the word unilateral is abrasive, we can quote, "decide that the regime of neutrality is being threatened and then act with whatever means are necessary to keep the canal neutral unilaterally." 46:35 Joseph Kramek: My name is Joe Kramek. I'm President and CEO of the World Shipping Council. The World Shipping Council is the global voice of liner shipping. Our membership consists of 90% of the world's liner shipping tonnage, which are container vessels and vehicle carriers. They operate on fixed schedules to provide our customers with regular service to ship their goods in ports throughout the world. 47:15 Joseph Kramek: As you have heard, using the Panama Canal to transit between the Atlantic and Pacific saves significant time and money. A typical voyage from Asia to the US or East Coast can be made in under 30 days using the canal, while the same journey can take up to 40 days if carriers must take alternate routes. From a commercial trade perspective, the big picture is this. One of the world's busiest trade lanes is the Trans Pacific. The Trans Pacific is cargo coming from and going to Asia via the United States. Focusing in a bit, cargo coming from Asia and bound for US Gulf and East Coast ports always transits the Panama Canal. Similarly, cargo being exported from US and East Coast ports, a large share of which are US Agricultural exports, like soybeans, corn, cotton, livestock and dairy also almost always transits the Panama Canal. The result is that 75% of Canal traffic originates in or is bound for the United States. 48:55 Joseph Kramek: We've talked about the drought in 2023 and the historic low water levels that it caused in Lake Gatún, which feeds the canal locks, a unique system that is a fresh water feed, as contrasted to an ocean to ocean system, which the French tried and failed, but which is actually active in the Suez Canal. These low water levels reduced transits from 36 transits a day to as low as 22 per day. Additionally, the low water levels required a reduction in maximum allowable draft levels, or the depth of the ship below the water line, which for our members reduced the amount of containers they could carry through the canal. This resulted in a 10% reduction in import volumes for US Gulf and East Coast ports, with the Port of Houston experiencing a 26.7% reduction. 51:10 Sen. Ted Cruz (R-TX): Are you aware of allegations from some vessel operators of disparate treatment such as sweetheart deals or favorable rebates by Panama for canal transits? Louis Sola: Thank you for the question, Mr. Chairman, we have become aware through some complaints by cruise lines that said that they were not getting a refund of their canal tolls. When we looked into this, we found a Panamanian Executive Order, Decree 73, that specifically says that if a cruise line would stop at a certain port, that they could be refunded 100% of the fees. And as far as I know, that's the only instant where that exists. 53:05 Sen. Ted Cruz (R-TX): So Panama was the very first Latin American country to join China's Belt and Road Initiative, and right now, China is building a fourth bridge across the Panama Canal for car traffic and light rail. Chairman Sola, why should Chinese construction of a bridge near Panama City concern the United States? Louis Sola: Mr. Chairman, we all saw the tragedy that happened here in the Francis Scott Key Bridge incident and the devastation that had happened to Baltimore. We also saw recently what happened in the Suez Canal, where we had a ship get stuck in there. It's not only the construction of the bridge, but it's a removal of a bridge, as I understand it, called the Bridge of the Americas. It was built in 1961 and that would paralyze cargo traffic in and out of the canals. 53:55 Sen. Ted Cruz (R-TX): Panama also recently renewed the concessions for two container ports to a Chinese company, Hutchison Ports PPC. Of course, Chinese companies are controlled by the Communist Party. How does China use control of those ports for economic gain? Louis Sola: Mr. Chairman, I am a regulator, a competition regulator. And the Chinese ports that you're referring to, let me put them into scope. The one on the Pacific, the Port of Balboa, is roughly the same size as the Port of Houston. They do about 4 million containers a year. They have about 28 game tree cranes. The one on the Atlantic is the same as my hometown in Miami, they do about 1 million containers. So where Roger Gunther in the Port of Houston generates about $1 billion a year and Heidi Webb in Miami does about $200 million, the Panama ports company paid 0 for 20 years on that concession. So it's really hard to compete against zero. So I think that's our concern, our economic concern, that we would have. Sen. Ted Cruz (R-TX): Commissioner Maffei, anything to add on that? Daniel Maffei: Yeah, I do too also think it is important. I would point out that you don't have to stop at either port. It's not like these two ports control the entrance to the canal. That is the Canal Authority that does control that. However, I think it's of concern. I would also point out that the Panamanian government thinks it's of concern too, because they're conducting their own audit of those particular deals, but we remain very interested as well. 56:25 Sen. Ted Cruz (R-TX): Would the facts discussed here be considered violations of the neutrality treaty in force right now between the United States and Panama? Eugene Kontorovich: So I think Senator, I think potentially they could, but it's impossible to say definitively without knowing more, in particular, about the degree of Chinese control and involvement in these companies. I think it's important to note that these port operation companies that operate the ports on both sides, when they received their first contract, it was just a few months before Hong Kong was handed over to China. In other words, they received them as British companies, sort of very oddly, just a few months before the handover. Now, of course, since then, Hong Kong has been incorporated into China, has been placed under a special national security regime, and the independence of those companies has been greatly abridged, to say nothing of state owned companies involved elsewhere in in the canal area, which raised significantly greater questions. Additionally, I should point out that the understandings between President Carter and Panamanian leader Herrera, which were attached to the treaty and form part of the treaty, provide that the United States can, quote, "defend the canal against any threat to the regime of neutrality," and I understand that as providing some degree of preemptive authority to intervene. One need not wait until the canal is actually closed by some act of sabotage or aggression, which, as we heard from the testimony, would be devastating to the United States, but there is some incipient ability to address potential violations. 58:10 Sen. Ted Cruz (R-TX): If the United States determines that Panama is in violation of the treaty, what is the range of remedies the United States would have for that treaty violation? Eugene Kontorovich: So I think it may be shocking to people to hear today, but when one goes over the ratification history and the debates and discussions in this body over this treaty, it was clear that the treaty was understood as giving both sides, separately, the right to resort to use armed force to enforce the provisions of the treaty. And it's not so surprising when one understands that the United States made an extraordinary concession to Panama by transferring this canal, which the United States built at great expense and maintained and operated to Panama, gratis. And in exchange, it received a kind of limitation, a permanent limitation on Panamanians sovereignty, that Panama agreed that the United States could enforce this regime of neutrality by force. Now, of course, armed force should never be the first recourse for any kind of international dispute and should not be arrived at sort of rationally or before negotiations and other kinds of good offices are exhausted, but it's quite clear that the treaty contemplates that as a remedy for violations. 1:03:20 Louis Sola: I believe that the security of the canal has always been understood to be provided by the United States. Panama does not have a military, and I always believed that there's been a close relationship with Southern Command that we would provide that. And it would be nice to see if we had a formalization of that in one way or another, because I don't believe that it's in the treaty at all. 1:05:05 Daniel Maffei: While we were down there, both of us heard, I think, several times, that the Panamanians would, the ones we talked to anyway, would welcome US companies coming in and doing a lot of this work. Frankly, their bids are not competitive with the Chinese bids. Frankly, they're not that existent because US companies can make more money doing things other places, but even if they were existent, it is difficult to put competitive bids when the Chinese bids are so heavily subsidized by China. 1:06:10 Sen. Ted Cruz (R-TX): What would China's incentive be to heavily subsidize those bids to undercut American companies and other companies? Daniel Maffei: Yeah, it's not a real short answer, but Senator, China's made no secret of its ambitious policies to gain influence of ports throughout the globe. It's invested in 129 ports in dozens of countries. It runs a majority of 17 ports, that does not include this Hong Kong company, right? So that's just directly Chinese-owned ports. So it has been a part of their Belt and Road strategy, whatever you want to call it, the Maritime Silk Road, for decades. So they believe that this influence, this investment in owning maritime ports is important to their economy. 1:07:05 Sen. Deb Fischer (R-NE): In 2021, Hutchison was awarded those two ports, Port Balboa and Port Cristobal, in a no-bid award process. Can you tell me, does the United States have any authority or recourse with the Panama Canal Authority under our current agreement with Panama to rebid those terminal concession contracts. And perhaps Mr. Kantorovich, that's more in your purview? Louis Sola: Senator, both of those ports were redone for 25 years, until 2047, I believe. And they have to pay $7 million is what the ongoing rate is for the Port of Houston- and the Port of Miami-sized concessions. Sen. Deb Fischer (R-NE): And it can't be rebid until after that date? Louis Sola: Well, I believe that that's what the comptroller's office is auditing both of those ports and that contract. That was done under the previous Panamanian administration. A new administration came in, and they called for an audit of that contract immediately. 1:20:10 Sen. Dan Sullivan (R-AK): Are the companies now controlling both sides of the Panama Canal, the Chinese companies, subject to the PRC national security laws that mandate cooperation with the military, with state intelligence agencies. Does anyone know that? Eugene Kontorovich: They're subject all the time. They're subject to those laws all the time by virtue of being Hong Kong companies. And you know, they face, of course, consequences for not complying with the wishes of the Chinese government. One of the arguments -- Sen. Dan Sullivan (R-AK): Wouldn't that be a violation of the treaty? And isn't that a huge risk to us right now that the Chinese -- Eugene Kontorovich: That is a threat to the neutrality -- Sen. Dan Sullivan (R-AK): If they invaded Taiwan, invaded the Philippines, they could go to these two companies saying, Hey, shut it down, make it hard, sink a ship in the canal. And wouldn't they be obligated to do that under Chinese law if they were ordered to by the PLA or the CCP? Eugene Kontorovich: I don't know if they'd be obligated, but certainly the People's Republic of China would have many tools of leverage and pressure on these companies. That's why the treaty specifically says that we can act not just to end actual obstructions to the canal. We don't have to wait until the canal is closed by hostile military action. Thatwould be a suicide pact, that would be catastrophic for us, but rather that we can respond at the inchoate, incipient level to threats, and then this is up to the president to determine whether this is significantly robust to constitute -- Sen. Dan Sullivan (R-AK): So aren't we kind of walking up to the idea of a suicide pact, because we've got two big Chinese companies on both ends of the Panama Canal, who, if there's a war in INDOPACOM, Taiwan that involves us and China, these companies would be obligated to do the bidding of the Chinese Communist Party and PLA? I mean, are we kind of walking up to a very significant national security threat already? Eugene Kontorovich: Yeah, certainly, there's a threat. And I think what makes the action of the Chinese government so difficult to respond to, but important to respond to, is that they conceal this in sort of levels of gray without direct control. Sen. Dan Sullivan (R-AK): Let me ask you on that topic, as my last question, Professor, let's assume that we find out. And again, it wouldn't be surprising. I think you can almost assume it that these two companies have Chinese spies or military officials within the ranks of the employees of the companies. Let's assume we found that out, somehow that becomes public. But I don't think it's a big assumption. It's probably true right now. So you have spies and military personnel within the ranks of these two companies that are controlling both ends of the Panama Canal for you, Professor, and Chairman Sola, wouldn't that be a blatant violation of Article Five of the neutrality treaty, if that were true, which probably is true? Eugene Kontorovich: Yeah, I do think it would be a clear violation. As former Secretary of State, Dean Ross said at the ratification hearings, informal forces can violate Article Five as well as formal forces. Sen. Dan Sullivan (R-AK): Is there any evidence of Chinese spies or other nefarious Chinese actors embedded in these companies? Louis Sola: Senator, we have no information of that. That's not under the purview of -- Sen. Dan Sullivan (R-AK): But you agree that would be a violation of Article Five of the neutrality treaty? Louis Sola: I do. 1:26:25 Daniel Maffei: Senator Sullivan was talking about Hutchison Ports. That's actually the same company that runs terminals on both ends of the canal. I am concerned about that. However, if we want to be concerned about that, all of us should lose a lot more sleep than we're losing because if there are spies there, then there might be spies at other Hutchinson ports, and there are other Hutchinson ports in almost every part of the world. They own the largest container port in the United Kingdom, Felix Dow, which is responsible for nearly half of Britain's container trade. They control major maritime terminals in Argentina, Australia, the Bahamas, Germany, Indonesia, Mexico, Myanmar, the Netherlands, South Korea and Tanzania. If owning and managing adjacent ports means that China somehow has operational control or strategic control over the Panama Canal, they also have it over the Suez, the Singapore Straits, the Mediterranean Sea and the English Channel. 1:35:45 Louis Sola: The fees that I think we are looking at, or have been looked at, the reason that we went there was because of the auctioning of the slots. And so what Panama did is they had a smaller percentage, maybe 20% allocation, and then they moved it up to 30% and 40% because it became a money maker for them. So as they were doing -- Sen. Marsha Blackburn (R-TN): Okay, let me interject here. The auctioning of the slots gives these the right to skip the queue? Louis Sola: Yes, ma'am. Sen. Marsha Blackburn (R-TN): Okay, so just for the record there. Continue. Louis Sola: So the auctioning of the slots. Under maritime law, it's first come first serve, but Panama has always put a certain percentage aside, and they started to put more and more. So we got a lot of complaints. We got a lot of complaints from LNG carriers that paid $4 million to go through, and we got a lot of complaints from agriculture that didn't have the money to pay to go through, because their goods were gonna go down. So if you look at the financial statements -- I'm a nerd, I look at financial statements of everybody -- the canal increased the amount of revenue that they had from about $500 million to $1.8 billion in the last three years just because of those fees. So this is what is very concerning to us. 1:39:20 Sen. Amy Klobuchar (D-MN): Do you know of any instances where the United States has been singled out or treated unfairly under the neutrality treaty in the operation of the canal? Daniel Maffei: I do not. I would add that one of the reasons why saying the US is disproportionately affected by raises in Canal fees and other kinds of fees at the canal is because the United States disproportionately utilizes the canal. 1:44:55 Louis Sola: We have a US port there, SSA, out of Washington State that I actually worked on the development of that many years ago, and helped develop that. That used to be a United States Navy submarine base, and we converted that. As far as the two ports that we have, they're completely different. One is a major infrastructure footprint, and also a container port that's moving 4 million containers a year. That's really phenomenal amount. That's more than Miami, Fort Lauderdale, and you've probably got to get Tampa and a little bit of Jacksonville in there to get that type of volume. And on the other side, we have a very small port, but it's a very strategic port on the Atlantic. So how are the operations done?I don't know how they don't make money. I mean, if you want to come right down to it, if they've been operating the port for 20 years, and they say that they haven't made any money, so they haven't been able to pay the government. That's what concerns me is I don't believe that we're on a level playing field with the American ports. 1:58:50 Eugene Kontorovich: I think the charges and fees are less of an issue because they don't discriminate across countries. We pay more because we use more, but it's not nationally discriminatory. 1:59:00 Eugene Kontorovich: The presence of Chinese companies, especially Chinese state companies, but not limited to them, do raise serious issues and concerns for the neutrality of the treaty. And I should point out, in relation to some of the earlier questioning, the canal, for purposes of the neutrality treaty, is not limited just to the actual locks of the canal and the transit of ships through the canal. According to Annex One, paragraph one of the treaty, it includes also the entrances of the canal and the territorial sea of Panama adjacent to it. So all of the activities we're talking about are within the neutrality regime, the geographic scope of the neutrality regime in the treaty. 2:00:30 Daniel Maffei: I actually have to admit, I'm a little confused as to why some of the senators asking these questions, Senator Blackburn, aren't more concerned about the biggest port in the United Kingdom being run by the Chinese. Petraeus in the port nearest Athens, one of the biggest ports in the Mediterranean, is not just run by a Chinese-linked company, it's run directly by a Chinese-owned company, and I was there. So you're on to something, but if you're just focusing on Panama, that's only part. 2:01:45 Louis Sola: About a year ago, when we were having this drought issue, there was also a lot of focus on Iran and how they were funding Hamas and the Houthis because they were attacking the Red Sea. What the United States has found is that Iranian vessels are sometimes flagged by Panama in order to avoid sanctions, so that they could sell the fuel that they have, and then they can take that money and then they can use it as they wish. Panama, at the time, had a very complicated process to de-flag the vessels. There was an investigation, there was an appeals process. By the time that OFAC or Treasury would go ahead and identify one of those vessels, by the time that they were doing the appeals and stuff like this, they've already changed flags to somewhere else. So when we went to Panama, we met with the Panamanian president, and I must say that we were very impressed, because he was 30 minutes late, but he was breaking relations with Venezuela at the time because the election was the day before. We explained to him the situation. The very next day, we met with the maritime minister, with US embassy personnel and Panama actually adjusted their appeals process so to make it more expedient, so if the United States or OFAC would come and say that this Iranian vessel is avoiding sanctions, now we have a process in place to go ahead and do that, and 53 vessels were de-flagged because of that. 2:06:05 Sen. John Curtis (R-UT): Is there any reason that China can't watch or do whatever they want from this bridge to get the intel from these containers? And does that concern anybody? Louis Sola: Well, it definitely concerns Southern Command, because they've brought it up on numerous occasions that there could be some sort of surveillance or something like that on the bridges. 2:20:30 Sen. Tim Sheehy (R-MT): We segregate ourselves artificially in a way that they do not. We segregate ourselves. Let's talk about military. Let's talk about intelligence. Let's talk about economics. They don't. China doesn't work that way. It's a whole of government approach. They don't draw a delineation between an economics discussion and a military one. And their attack may not look like Pearl Harbor. It may look like an everyday ship that decides, you know, it pulls into the locks and blows itself up. And now the locks are non-functional for our usage, and we can't support an inter ocean fleet transfer, and our ability to defend it, as you referred to Chairman, is now inhibited by the fact that we no longer have the military infrastructure around the canal that we did just as recently as 1999. 2:21:10 Sen. Tim Sheehy (R-MT): So from a commercial perspective, do the shipping companies have concerns over the security of the narrow waterways? We've the Strait to Malacca, we've got the Suez Canal, we've got Gibraltar, we've got Panama. Is that a concern that's thrown around in the boardrooms of the largest shipping corporations in the world? Joseph Kramek: Senator, I think it's something they think about every day. I mean, really, it's drawn into sharp relief with the Red Sea. It was what I call a pink flamingo. There's black swans that just come up and there's pink flamingos that you can see, but you don't act. But no one really thought a whole lot that one of the most important waterways in the world could be denied, and moreover, that it could be denied for such a sustained period. The good news is that -- Sen. Tim Sheehy (R-MT): And denied, I might add, by a disaffected non-state actor of Bedouins running around with rocket launchers, who also managed to beat us in a 20 year war in Afghanistan. My point to saying all this is we're just debating operational control of the canal, yet it seems very clear to all of us that a very simple act can debilitate the canal and eliminate our ability to use it in a matter of minutes with no warning, and we have no ability to intervene or stop that. To me, that means we do not have operational control of the canal. 2:30:40 Daniel Maffei: I will say that certainly we need to look at other kinds of ways to get US companies in positions where they can truly compete with the Chinese on some of these things. Blaming it all on Panama really misses the point. I've seen the same thing in Greece, where Greece didn't want to give the concession of its largest port to a Chinese company, but because of its financial difficulties, it was getting pressure from international organizations such the IMF, Europe and even maybe some of the United States to do so. So I just ask you to look at that. 2:31:20 Daniel Maffei: Panamanians are making far more on their canal than they ever have before. That's not necessarily a bad thing, as long as it's going to the right place. But where they're really making the money is on these auctions, and that is why it remains a concern of mine and I'm sure the chairman's. That is where we are looking at, potentially, using our authority under Section 19 of the Merchant Marine Act where we could, if we can show that it is a problem with the foreign trade of the US, it's interfering with foreign trade of the US, there are certain things that we can do. Senate Foreign Relations Committee January 15, 2024 Clips 4:01:40 Marco Rubio: The thing with Panama on the canal is not new. I visited there. It was 2016. I think I've consistently seen people express concern about it, and it's encapsulized here in quote after quote. Let me tell you the former US ambassador who served under President Obama said: "the Chinese see in Panama what we saw in Panama throughout the 20th century, a maritime and aviation logistics hub." The immediate past head of Southern Command, General Laura Richardson, said, "I was just in Panama about a month ago and flying along the Panama Canal and looking at the state owned enterprises from the People's Republic of China on each side of the Panama Canal. They look like civilian companies or state owned enterprises that could be used for dual use and could be quickly changed over to a military capability." We see questions that were asked by the ranking member in the house China Select Committee, where he asked a witness and they agreed that in a time of conflict, China could use its presence on both ends of the canal as a choke point against the United States in a conflict situation. So the concerns about Panama have been expressed by people on both sides of the aisle for at least the entire time that I've been in the United States Senate, and they've only accelerated further. And this is a very legitimate issue that we face there. I'm not prepared to answer this question because I haven't looked at the legal research behind it yet, but I'm compelled to suspect that an argument could be made that the terms under which that canal were turned over have been violated. Because while technically, sovereignty over the canal has not been turned over to a foreign power, in reality, a foreign power today possesses, through their companies, which we know are not independent, the ability to turn the canal into a choke point in a moment of conflict. And that is a direct threat to the national interest and security the United States, and is particularly galling given the fact that we paid for it and that 5,000 Americans died making it. That said, Panama is a great partner on a lot of other issues, and I hope we can resolve this issue of the canal and of its security, and also continue to work with them cooperatively on a host of issues we share in common, including what to do with migration. 4:38:35 Sen. Mike Lee (R-UT): Now, President Trump has recently talked a little bit about the fact that there are some questions arising about the status of the Panama Canal. When we look to the treaty at issue, the treaty concerning the permanent neutrality and operation of the Panama Canal, we're reminded that some things maybe aren't quite as they should be there right now. Given that the Chinese now control major ports at the entry and the exit to the canal, it seems appropriate to say that there's at least an open question. There's some doubt as to whether the canal remains neutral. Would you agree with that assessment? Marco Rubio: Yes. Here's the challenge. Number one, I want to be clear about something. The Panamanian government, particularly its current office holders, are very friendly to the United States and very cooperative, and we want that to continue, and I want to bifurcate that from the broader issue of the canal. Now I am not, President Trump is not inventing this. This is something that's existed now for at least a decade. In my service here, I took a trip to Panama in 2017. When on that trip to Panama in 2017 it was the central issue we discussed about the canal, and that is that Chinese companies control port facilities at both ends of the canal, the east and the west, and the concerns among military officials and security officials, including in Panama, at that point, that that could one day be used as a choke point to impede commerce in a moment of conflict. Going back to that I -- earlier before you got here, and I don't want to have to dig through this folder to find it again, but -- basically cited how the immediate past head of Southern Command, just retired general Richardson, said she flew over the canal, looked down and saw those Chinese port facilities, and said Those look like dual use facilities that in a moment of conflict, could be weaponized against us. The bipartisan China commission over in the House last year, had testimony and hearings on this issue, and members of both parties expressed concern. The former ambassador to Panama under President Obama has expressed those concerns. This is a legitimate issue that needs to be confronted. The second point is the one you touched upon, and that is, look, could an argument be made, and I'm not prepared to answer it yet, because it's something we're going to have to study very carefully. But I think I have an inkling of I know where this is going to head. Can an argument be made that the Chinese basically have effective control of the canal anytime they want? Because if they order a Chinese company that controls the ports to shut it down or impede our transit, they will have to do so. There are no independent Chinese companies. They all exist because they've been identified as national champions. They're supported by the Chinese government. And if you don't do what they want, they find a new CEO, and you end up being replaced and removed. So they're under the complete control of their government. This is a legitimate question, and one that Senators Risch had some insight as well. He mentioned that in passing that needs to be looked at. This is not a joke. The Panama Canal issue is a very serious one. 4:44:30 Marco Rubio: In 2016 and 2017 that was well understood that part of the investments they made in Panama were conditioned upon Panama's ability to convince the Dominican Republic and other countries to flip their recognition away from Taiwan. That happened. Jen Briney's Recent Guest Appearances Travis Makes Money: Give and Take: Music by Editing Production Assistance

Trump's tariff chaos backfires hilariously—his own USMCA treaty, a NAFTA glow-up he once hyped, trips up his team, leaving Canada and Mexico untouchableThe FDA's sham “black box” warnings shield Big Pharma's as he kills and cripplesWikipedia's Larry Sanger flips the script, trading hardcore skepticism for unshakable faith in a brain-busting journey rivaling C.S. Lewis.A “measles death” hoax unravels—hospitals dodge blame for a girl's RSV demise, pushing dodgy tests and MMR agendasDOGE crashes as courts prove they can squash his cuts with a single gavel. Will Trump challenge judicial supremacy?2:30 Trump Tariffs Sabotaged by His Own Trade TreatyNo one in the Trump administration read the USMCA (NAFTA rebranded) treaty Trump was so proud of in his first administration.  So the tariff pendulum swings back and forth.  How much of goods from Canada & Mexico are off limits? Will anything change in 30 days? 24:11 Black Box Cover-Up: People Dead or Disabled as FDA & Pharma Shifts Blame to Physicians & Pharmacists      A pharmaceutical scandal that's destroying lives—like Whistler's and 27-year-old Elisa's—with the dangerous drug Levofloxacin (aka Levaquin). Prescribed for pneumonia, it left Elisa trembling, crippled by nerve pain and joint agony, mirroring Whistler's nightmare.     The FDA's "black box" warnings are a sick joke—buried, ignored, and never shared by doctors or pharmacists who shrug, "It's rare!” This is how Big Pharma poisons with impunity while the FDA—Free to Do Anything—rubber-stamps their crimes. 44:34 LIVE comments from audience 55:59 Wikipedia Mastermind Shocks the World: From Atheist Skeptic to Christian Convert     Larry Sanger, co-founder Wikipedia, has a stunning embrace of Christianity! This isn't just another celebrity conversion—it's a PhD philosopher's epic showdown with faith, tearing through decades of skepticism like a intellectual bulldozer. Raised with unanswered questions Sanger dove into the Bible, not to believe, but to dissect it. What he found? Answers that rocked his Ayn Rand-loving, agnostic world!      Compared to C.S. Lewis and cold-case detective J. Warner Wallace, his journey from doubt to truth is a wild ride of reason, fueled by marriage, fatherhood, and a relentless quest for meaning. Uncover the shocking twist that's got everyone talking—faith isn't blind, it's bulletproof 1:05:28 “Measles Death” Looks Like Hospital Murder & Misattribution      Forget the headlines screaming “unvaccinated doom”—this little girl, battling RSV pneumonia, was allegedly denied breathing treatments while her desperate parents begged for help. No measles rash, just a dodgy PCR test, and now a second “death” pops up with the same shady story.      This sinister agenda to peddle MMR shots and bully RFK Jr. into submission worked like a charm.  They're even cooking up a “Gulf of Measles” scare for Spring Break, ignoring that college kids would be.   It's not about health—it's a power grab1:30:19 Check Your Chicks for mRNA, and Check MAHA for Bird Flu Fearmongering If you're going to get spring chicks for your backyard make sure they're not vaccinated as Tractor Supply boasts!  And make sure you're not supporting the “MAHA influencers” like McCullough who've shamelessly pivoted from truth-teller to fear-peddling shill, now pushing pandemic for profit1:45:21 Trump's DOGE Dream Crumbles: Courts Claw Back Billions as Judicial Supremacy Reigns!Pop the champagne? Not so fast!   Unless Trump fights judicial supremacy none of the celebrated DOGE cuts will stick.  Only one of 677 district judges can halt the parade whether it's probationary employees fired or USAID foreign aid cancelled. 2:03:10 Blackrock Bought Into Panama Canal Company About a Month After Trump's ElectionHmmm… 2:05:17 Trump's Wild Card Chaos: Gerald Celente Exposes the Billionaire Freak Show and Power GrabGerald Celente, trend-forecasting legend TrendsJournal.com, rips the mask off the Trump administration's unpredictable madness! From tariff whiplash to a billionaire-packed cabinet, the elites are cashing in while the world teeters on the edge of war and economic collapse. Trump steers Blackrock into the Panama Canal and China is overbuilt domestically and in other countries with the Belt & Road Initiative —trending toward a gold boomIf you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-show Or you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Money should have intrinsic value AND transactional privacy: Go to DavidKnight.gold for great deals on physical gold/silverFor 10% off Gerald Celente's prescient Trends Journal, go to TrendsJournal.com and enter the code KNIGHTFor 10% off supplements and books, go to RNCstore.com and enter the code KNIGHTBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-david-knight-show--2653468/support.

Gerald Celente, trend-forecasting legend TrendsJournal.com, rips the mask off the Trump administration's unpredictable madness!      From tariff whiplash to a billionaire-packed cabinet, the elites are cashing in while the world teeters on the edge of war and economic collapse.     Trump steers Blackrock into the Panama Canal and China is overbuilt domestically and in other countries with the Belt & Road Initiative —trending toward a gold boom For 10% off Gerald Celente's prescient Trends Journal, go to TrendsJournal.com and enter the code KNIGHTIf you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-show Or you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Money should have intrinsic value AND transactional privacy: Go to DavidKnight.gold for great deals on physical gold/silverFor 10% off supplements and books, go to RNCstore.com and enter the code KNIGHTBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-david-knight-show--2653468/support.

Gerald Celente, trend-forecasting legend TrendsJournal.com, rips the mask off the Trump administration's unpredictable madness!      From tariff whiplash to a billionaire-packed cabinet, the elites are cashing in while the world teeters on the edge of war and economic collapse.     Trump steers Blackrock into the Panama Canal and China is overbuilt domestically and in other countries with the Belt & Road Initiative —trending toward a gold boom For 10% off Gerald Celente's prescient Trends Journal, go to TrendsJournal.com and enter the code KNIGHTIf you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-show Or you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Money should have intrinsic value AND transactional privacy: Go to DavidKnight.gold for great deals on physical gold/silverFor 10% off supplements and books, go to RNCstore.com and enter the code KNIGHTBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-real-david-knight-show--5282736/support.

Trump's tariff chaos backfires hilariously—his own USMCA treaty, a NAFTA glow-up he once hyped, trips up his team, leaving Canada and Mexico untouchableThe FDA's sham “black box” warnings shield Big Pharma's as he kills and cripplesWikipedia's Larry Sanger flips the script, trading hardcore skepticism for unshakable faith in a brain-busting journey rivaling C.S. Lewis.A “measles death” hoax unravels—hospitals dodge blame for a girl's RSV demise, pushing dodgy tests and MMR agendasDOGE crashes as courts prove they can squash his cuts with a single gavel. Will Trump challenge judicial supremacy?2:30 Trump Tariffs Sabotaged by His Own Trade TreatyNo one in the Trump administration read the USMCA (NAFTA rebranded) treaty Trump was so proud of in his first administration.  So the tariff pendulum swings back and forth.  How much of goods from Canada & Mexico are off limits? Will anything change in 30 days? 24:11 Black Box Cover-Up: People Dead or Disabled as FDA & Pharma Shifts Blame to Physicians & Pharmacists      A pharmaceutical scandal that's destroying lives—like Whistler's and 27-year-old Elisa's—with the dangerous drug Levofloxacin (aka Levaquin). Prescribed for pneumonia, it left Elisa trembling, crippled by nerve pain and joint agony, mirroring Whistler's nightmare.     The FDA's "black box" warnings are a sick joke—buried, ignored, and never shared by doctors or pharmacists who shrug, "It's rare!” This is how Big Pharma poisons with impunity while the FDA—Free to Do Anything—rubber-stamps their crimes. 44:34 LIVE comments from audience 55:59 Wikipedia Mastermind Shocks the World: From Atheist Skeptic to Christian Convert     Larry Sanger, co-founder Wikipedia, has a stunning embrace of Christianity! This isn't just another celebrity conversion—it's a PhD philosopher's epic showdown with faith, tearing through decades of skepticism like a intellectual bulldozer. Raised with unanswered questions Sanger dove into the Bible, not to believe, but to dissect it. What he found? Answers that rocked his Ayn Rand-loving, agnostic world!      Compared to C.S. Lewis and cold-case detective J. Warner Wallace, his journey from doubt to truth is a wild ride of reason, fueled by marriage, fatherhood, and a relentless quest for meaning. Uncover the shocking twist that's got everyone talking—faith isn't blind, it's bulletproof 1:05:28 “Measles Death” Looks Like Hospital Murder & Misattribution      Forget the headlines screaming “unvaccinated doom”—this little girl, battling RSV pneumonia, was allegedly denied breathing treatments while her desperate parents begged for help. No measles rash, just a dodgy PCR test, and now a second “death” pops up with the same shady story.      This sinister agenda to peddle MMR shots and bully RFK Jr. into submission worked like a charm.  They're even cooking up a “Gulf of Measles” scare for Spring Break, ignoring that college kids would be.   It's not about health—it's a power grab1:30:19 Check Your Chicks for mRNA, and Check MAHA for Bird Flu Fearmongering If you're going to get spring chicks for your backyard make sure they're not vaccinated as Tractor Supply boasts!  And make sure you're not supporting the “MAHA influencers” like McCullough who've shamelessly pivoted from truth-teller to fear-peddling shill, now pushing pandemic for profit1:45:21 Trump's DOGE Dream Crumbles: Courts Claw Back Billions as Judicial Supremacy Reigns!Pop the champagne? Not so fast!   Unless Trump fights judicial supremacy none of the celebrated DOGE cuts will stick.  Only one of 677 district judges can halt the parade whether it's probationary employees fired or USAID foreign aid cancelled. 2:03:10 Blackrock Bought Into Panama Canal Company About a Month After Trump's ElectionHmmm… 2:05:17 Trump's Wild Card Chaos: Gerald Celente Exposes the Billionaire Freak Show and Power GrabGerald Celente, trend-forecasting legend TrendsJournal.com, rips the mask off the Trump administration's unpredictable madness! From tariff whiplash to a billionaire-packed cabinet, the elites are cashing in while the world teeters on the edge of war and economic collapse. Trump steers Blackrock into the Panama Canal and China is overbuilt domestically and in other countries with the Belt & Road Initiative —trending toward a gold boomIf you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-show Or you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Money should have intrinsic value AND transactional privacy: Go to DavidKnight.gold for great deals on physical gold/silverFor 10% off Gerald Celente's prescient Trends Journal, go to TrendsJournal.com and enter the code KNIGHTFor 10% off supplements and books, go to RNCstore.com and enter the code KNIGHTBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-real-david-knight-show--5282736/support.

The early years of the Belt and Road Initiative left China with tens of billions of dollars in soured loans, making it a costly way of building global influence. Now Beijing is reworking its flagship infrastructure lending program to shield itself from financial risk and focus on projects that support its evolving ambitions, including securing critical supply chains for things like green-tech minerals and positioning itself as a leader that developing nations can unite behind. In the second episode of our three-part series, “Building Influence,” AidData's Bradley Parks, SOAS University of London's Steve Tsang and the WSJ's Chun Han Wong discuss Belt and Road 2.0 and how even though China is reducing its spending, it is no less ambitious when it comes to pursuing Xi Jinping's strategic goals. Kate Bullivant hosts. Further reading: China's Belt and Road Plan Is Down, Not Out China Reins In Its Belt and Road Program, $1 Trillion Later China Is Starting to Act Like a Global Power  Learn more about your ad choices. Visit megaphone.fm/adchoices

This week on Sinica: February 24 marks the third anniversary of Russia's full-scale invasion of Ukraine, and as I've done for the last two years, I moderated a panel organized by Vita Golod, a Ukrainian China scholar who happens to be here in Chapel Hill, North Carolina, at UNC as a visiting scholar. She's worked tirelessly to promote awareness of the war, and I'm honored again to have been asked to moderate this panel.The guests you'll hear from are:Dr. Una Aleksandra Bērziņa-Čerenkova, Director of the China Studies Centre at Riga Stradins University in Latvia. Fluent in Chinese, Russian, and English, she has collaborated with scholars like Kerry Brown of King's College London and has done extensive work on China's role in Europe and beyond.Dr. Dmytro Yefremov, Associate Professor in the Department of International Relations at the National University "Kyiv-Mohyla Academy" in Ukraine. A board member of the Ukrainian Association of Sinologists, he specializes in China's foreign relations and has traveled extensively to China, providing firsthand insight into Ukraine's perspective on China's role in the war and beyond.Dr. Qiang Liu, Director of the Energy Economics Division at the Institute of Quantitative & Technical Economics within the Chinese Academy of Social Sciences (CASS). He also serves as the Co-chair and Secretary-General of the Global Forum on Energy Security. His research focuses on energy security, energy economics, and policy, with a particular emphasis on China's Belt and Road Initiative and its global energy partnerships.Dr. Klaus Larres, Richard M. Krasno Distinguished Professor of History and International Affairs at the University of North Carolina at Chapel Hill. An expert on transatlantic relations, U.S., German, and EU foreign policy, and China's role in the post-Cold War order, he has a profound interest in the history of the Cold War and the politics of Winston Churchill.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

As China deepens its presence in Latin America by owning nearly 40 ports—including a new mega port in Peru—and establishing intelligence posts in Cuba, U.S. policymakers face growing concerns over regional influence. Twenty-two Latin American countries have joined China’s Belt and Road Initiative, amplifying Beijing’s strategic foothold. Meanwhile, security threats persist closer to home, with […]

Donate (no account necessary) | Subscribe (account required) Join Bryan Dean Wright, former CIA Operations Officer, as he takes you on a global tour of today's top stories shaping America and the world. In today's episode, we cover: Trump and Trudeau Strike a Deal: Canada avoids 25% U.S. tariffs by agreeing to boost border security, appoint a fentanyl czar, and crack down on organized crime. But is it enough? Mexico's Cartel Crisis: President Sheinbaum deploys 10,000 National Guardsmen to the border, but many Mexicans are calling for U.S. military intervention instead. Trump's team considers all options, including drone strikes. Panama Cuts China Ties: Secretary of State Marco Rubio secures a major win, convincing Panama to leave China's Belt and Road Initiative and granting free passage to U.S. Navy ships through the Panama Canal. Trump's Venezuela Gamble: The U.S. secures the return of detained Americans and a deal to deport Venezuelan migrants—but what did Trump offer dictator Nicolás Maduro in return? Ukraine's Resource War: Trump pushes for U.S. access to Ukraine's rich mineral deposits in exchange for continued military aid, as internal divisions over war funding grow. Britain's Political Shakeup: The outsider Reform UK Party surges in the polls, fueled by voter outrage over mass migration, crime, and political corruption. Middle East Maneuvers: Trump pressures Egypt to accept Palestinian refugees from Gaza, using a regional water crisis as leverage in negotiations. South Africa Sanctions?: The U.S. threatens to cut aid to South Africa over its controversial land seizure policies targeting white farmers. Stay informed with Bryan's expert analysis and insights on these critical global developments. "And you shall know the truth, and the truth shall make you free." - John 8:32

From the BBC World Service: After President Donald Trump slapped a fresh 10% levy on exports to the U.S. — that’s on top of an existing raft of tariffs — China has brought in some tariffs of its own. China’s government is also going to investigate Google’s activities there. Meanwhile, Canada and Mexico are off the tariff hook (for now). And, Panama has pulled out of China’s Belt and Road Initiative.

Panama has become the first Latin American nation to pull out of China's Belt and Road Initiative. It's also weighing whether to cancel its contract with the Hong Kong-based company that operates near the Panama Canal. An adviser to the US Institute for Peace says that it's all part of the long rivalry between the US and China in Latin America. Also, Syria's new interim president is traveling to Turkey to meet with President Recep Tayyip Erdogan. There's a lot at stake for both countries. Turkey, which hosts more than 3 million Syrian refugees, wants a stable Syria next door. And Syria's new government is looking for support to help rebuild the war-torn nation. And, we meet the man considered to be the first English teacher in Japan. He staged a shipwreck to get into the country, despite the isolationist policies of the time.Listen to today's Music Heard on Air. Learn about your ad choices: dovetail.prx.org/ad-choices

From the BBC World Service: After President Donald Trump slapped a fresh 10% levy on exports to the U.S. — that’s on top of an existing raft of tariffs — China has brought in some tariffs of its own. China’s government is also going to investigate Google’s activities there. Meanwhile, Canada and Mexico are off the tariff hook (for now). And, Panama has pulled out of China’s Belt and Road Initiative.

According to the U.S. Immigration and Customs Enforcement agency, President Trump's administration deported more than 7,200 illegal migrants in Trump's first nine days in office, Panama won't renew participation in Beijing's Belt and Road Initiative, Canadian Prime Minister Justin Trudeau freaked after Trump hit Canada, Mexico & China with tariffs, and more!GUEST: Josh FirestineDOWNLOAD THE RUMBLE APP TODAY: https://rumble.com/our-appsOrder today at http://www.1775coffee.com/CROWDER - code CROWDER to save 15% off your orderConnect your Mug Club account to Rumble and enjoy Rumble Premium: https://support.locals.com/en/article/how-do-i-connect-my-locals-account-to-my-rumble-account-on-rumble-vhd2st/SOURCES: https://www.louderwithcrowder.com/sources-february-3-2025Join Rumble Premium to watch this show every day! http://louderwithcrowder.com/PremiumNEW MERCH! https://crowdershop.com/Subscribe to my podcast: https://rss.com/podcasts/louder-with-crowder/FOLLOW ME: Website: https://louderwithcrowder.com Twitter: https://twitter.com/scrowder Instagram: http://www.instagram.com/louderwithcrowder Facebook: https://www.facebook.com/stevencrowderofficialMusic by @Pogo

In this episode, we delve into the geopolitical maneuvering by President Trump that appears to have caused a major rift within the BRICS alliance (Brazil, Russia, India, China, and South Africa). Analyzing recent statements and actions from Trump, Putin, and Xi, we uncover the cracks forming in BRICS' foundation. India and China are at odds over border disputes, Brazil turns down China's Belt and Road Initiative, and internal conflicts are rife. Additionally, the expansion of BRICS with new members like Saudi Arabia and Iran has only added more fuel to the fire. Despite bold promises to dethrone the U.S. dollar, the latest data shows the dollar is stronger than ever, up 6.7% against other major currencies in 2024. This episode emphasizes how these geopolitical dynamics create a unique investment opportunity in U.S. real estate, presenting a safe haven for global investors during uncertain times. Learn more about your ad choices. Visit megaphone.fm/adchoices