China and Brazil strike deal to Dish the

US dollar this is a Zero Hedge story and

you know they have reached a deal to

trade in their own currencies bypassing

the US dollar this deal will allow the

two countries to conduct their massive

trade which amounts to 150 billion per

year and financial transactions directly

exchanging one for riosis riosis uh vice

versa this deal is part of beijing’s

latest move against the US dollar

extending its bilateral U.S dollar

attempting currency Arrangement Beyond

countries such as Russia Pakistan Saudi

Arabia to now include Latin American

exporting Powerhouse while we are still

strong long away from the one replacing

US dollar as a global Reserve currency

the current U.S ruling regime is

destroying the world’s faith and

confidence

not only in the dollar but in what was

once a superpower in and is increasingly

a third world Banana Republic Tom

so I I think what most people need to

understand and this is where I think

Americans need to step back off

headlines and just learn something very

very quickly and that is 1944 there was

something called Brenton Woods and

that’s where the U.S dollar was tied to

gold in other words the value of the US

dollar was connected to the value of

gold and between Fort Knox and other

areas we had gold reserves so the U.S

currency on a global scale was deemed as

being valuable tied to gold and stable

and in 1944 everyone came to this

agreement to say hey let’s Peg the value

of our currency to the dollar because

the dollar is pegged to gold and it

brought International global stability

it also created the dollar as the

world’s Reserve currency well what does

that mean that means if you have extra

reserves and you bought them in dollars

they were stable because they were tied

to the gold now Nixon we can talk about

what you just referenced a minute ago

was Nixon taking us off the gold

standard 72-73 which had nothing to do

with the Vietnam War and political

instability in the economy at that time

it was deeper I’m with you it was deeper

reasons that was the front excuse

the right now you know what the average

is right now on world reserves 62

percent of countries reserves are held

in U.S dollars 62 right now and so even

though we went off the gold standard

were the reserve currency so people see

the United States currency as very

stable that’s what’s important and what

we’re seeing here is the one everybody

here is the one and well that’s a unit

of measure the actual currency in China

is called the raminbi that’s their

dollar dollar equals remind me one is

like a unit

and so what they want is they want to

slowly remember trying to place a long

game they want to slowly replace the

dollar as the world’s Reserve currency

because they succeed huh well they

succeed well they’re taking one step at

a time and they’re starting with African

nations that they put into by the way

you can also go study mercantilism where

you come in and you take all the

resources and then you sell them back

things that are made out of the

resources so China is in an active state

right now of assisting many small

Regional Latin American and African

nations on deals that are intentionally

going to go bad and then leave them with

the collateralization of the country

they’ve just

pillaged and so long term if somebody

doesn’t stand up long-term sure China

could be successful because they’re

playing this not

the way the West plays it the West has

played the game in terms of history in

terms of regimes a regime of leadership

China is playing this long term in terms

of of decades dynasties what do you

think oh sorry

yeah I don’t mean interrupt uh I agree I

think the dollar it’s gonna it’s gonna

hit a flat line because Germany South

Korea and Japan are not going to drop

the dollars of world Reserve currency

and especially Germany and Japan uh they

pre they produce a lot of value and a

lot of wealth and so the Euro

backstopping the world Reserve current

meaning the dollar being the backstop of

the euro is actually in our benefit but

India is going to be the big question

right if India Falls that’s a growing

Market Brazil is a totally corrupt

country they’re a broken country the

Bulls on Brazil have been wrong the last

20 years it’s like a trillion dollar GDP

you could fact check me on it they’re

mainly a natural resource Hub and they

have a real hard time with their own

homegrown industry and there was like

1.6 trillion I was about right uh it’s

actually flatlined and gone down in

recent years so the Bulls on Brazil have

been wrong and with Lula now becoming

president they’re going to become a

wholly owned colony of the Chinese

Communist Party basically that’s what

catastrophic for the nation it’s

terrible yeah the future of Brazil is

put in permanent Jeopardy because of

bolsonaro not be you know staying as

president prime minister and everybody

thought brick through the 90s was just

an acronym for emerging Nations you know

Brazil Russia India China it wasn’t it

was a coalition over there that wanted

to undermine U.S Authority on the global

trade basis so we need a new president

because I don’t think Joe Biden seems

awfully worried that the dollar is no

longer becoming the world Reserve

currency you couldn’t say that it wasn’t

a good idea for us to become the world

Reserve currency however it’s a fact

that if we stop being the world Reserve

currency every single person in America

gets significantly poor overnight the

fact that people have to turn their

goods and services into dollars is kind

of a stimulus boost just baked into our

economy we’re we’re kind of a we’re a

place of Last Resort a refuge if you

will it’s a built-in advantage that we

don’t even recognize or realize till we

travel the world but I think we have

more staying power than people realize

there’s a lot of entrepreneurs we create

a lot of value in this country as some

very valuable companies despite the fact

that we’re service based we still have a

lot of Natural Resources we have a

manufacturing Beast that can still be

Unleashed if necessary so we have a lot

of advantages with that being said

though this current Administration seems

unbothered by any of this and I mean

what we need is a new regime you’re

right we do think in time in terms of

regime hopefully it’s president Trump

and we go directly after the CCP but a

lot of this is centered on a border

dispute on eastern Ukraine all of this

is it if that was not happening the way

it was happening a lot of these chips

would not be falling into place in my

opinion that is the beginning Domino

because then Russia said okay screw you

we’re going to go grow closer to China

you know we’re no longer for the first

time ever Russia has just dropped

basically all their dollars out of the

central bank because we made them when

we put sanctions on them by the way what

is that what does that say for World

Reserve currency status is why our

leaders are so stupid we basically

confiscated the dollars out of the

Russian Central Bank that’s not exactly

safe and secure basically countries are

saying wait a second you can just

confiscate our dollars like we went

after them and just grabbed the dollars

and said Yep they’re no longer valid you

know converted into ruples and Russia

said okay well that’s an act of War

which it is

and so I think a lot of this is centered

on this Eastern you know border dispute

we could talk about that if you’d like I

think it’s incred incredibly important I

don’t think people have really thought

through the ramifications

of our involvement in Ukraine and then

when G comes over and says hey I have a

plan B for you in this currency thing

tell you what let’s take something

really valuable I’ve got it energy yeah

I need energy and energy has a hard unit

of value coming out of the ground just

like gold does and so what XI did is he

got value in the form of resources for

the raminbi in a in a deal that looks

like a trade deal but it’s a currency

deal with Russia right yeah it’s it’s

bad all across the board but make no

mistake with the proper president the

right President we can crack that

Alliance in nine months these countries

China has a lot of domestic what would

Trump do so okay you’re saying that so

Trump gets a let’s just say it’s 2024.

he wins what’s he doing well first he

could go back to what we already had

which is you have a piece immediately

brokered in eastern Ukraine immediately

you go in there and you end the stupid

War you end this proxy war you you then

try to create intentional separation

between Russia and China and keep them

in their own Corners you go to the

Saudis and you say knock it off you’re

you’re going to keep on using the dollar

for the Petro dollar you save OPEC which

will increase the dollar strength of the

world Reserve currency and then you have

to go after the CCP in like a 15 Point

targeted plan you pull their visas from

being able to go to Europe you put

targeted sanctions on them there’s

there’s again I’m not exactly saying

anything that hasn’t been thought

through through really serious Scholars

but we have to have a serious plan to

punish the CCP for what they did with

the virus covering it up and lying about

it and then also their hyper aggressive

action with Belton Road cyber warfare

infiltrating the American economy some

of that comes with a price and a cost

but then more than anything else Trump

if he becomes president again will be

energy independent again there’ll be

economic confidence restored I think

that we’ll see inflation put under

control because we’ll actually have a

rebirth of Market stability right now

people are confused they’re uncertain

they’re afraid of their own shadow

everyone’s looking what the central bank

is doing

entrepreneurs can’t operate in an

environment like this and that’s why

you’re seeing business startups go down

you’re seeing Acquisitions slow down

whether in a recession or not I think we

are in a recession it really is an

indictment of the lack of confidence

coming from the current regime we don’t

know if a big tax bill is going to be

passed we don’t know if The Regulators

are going to be thrown at us we need

president Trump to do what he did for

four years which is to unshackle the

American economy

don’t leave out Taiwan is that the

question between China and Taiwan is

market share of semiconductors this got

nothing to do with righting wrong on

Chiang Kai-shek yeah that’s correct

that’s why we should build as many

domestic semiconductor plants this is

not lost on Donald J Trump and Taiwan

will not happen that Taiwan won’t happen

that way and they know it and they know

old Portuguese name for it yeah my

question to Charlie is this

I’m glad you brought up the acronym

brick which I think has now been updated

to Bricks because uh Brazil Russia India

China and now South Africa is now the

latest

South Africa

um all facetious is right there I don’t

mean to make fun of South Africa it’s

not exactly a world power Elon Musk is

going to be very upset when he hears you

uh commenting on his name I think you

would agree this is an African American

Natural here’s my question I don’t think

there was anything like China was going

to do this regardless we know that

they’ve been trying to come after the

American superpower and that’s just

what’s on their agenda China 2030.

Russia was never going to Cozy up to

America they’re always going to be

aligned with China in some regard my

question is India I don’t I don’t think

China and India are aligned whatsoever

not natural Partners so they’re not

natural parishes whatsoever exactly so

what’s their role in this because I

always thought that they as the the most

populated democracy in the world yeah

outside of America where is India’s role

in that not that you’re this the

india-pacific expert but no I mean I

seem to have a very good look I mean

India is a tricky country you can’t

trust their government they’re doing

deals with Iran and they’re doing all

sorts of weird stuff for energy but

India should be the most natural partner

in hedge you could squeeze China through

a bilateral agreement with Korea Japan

and India and that’s why America needs

to be actively involved in the room and

calling balls and Strikes using

sanctions and tariffs were necessary and

using the global Reserve currency status

to be able to effectuate meaningful

geopolitical change which of which you

know we do not have right now I disagree

a little bit I think Russia’s run by a

bunch of thugs and Mobsters I think

Russia wants whatever is best for Russia

I don’t think necessarily Russia and

China are these natural Partners I think

we made it that way I think what Donald

Trump was trying to do was he was trying

to keep Russia in some sort of a kind of

ambiguous middle neutral area phase and

then jab at China remember Trump put he

put sanctions on China he you know

improved a lot of diplomatic diplomats

be expelled from China he was putting a

lot of different he was trying to kind

of create some form of a jab against the

CCP the problem right now is the CCP is

able to run undeterred right now there

there is no counterbalance from America

so I mean look for example if we had an

actual regime that cared about saving

America like okay China you’re going

down to Brazil to go do a new deal 15

export now tariff immediately on pick

your product just make him feel it a

little bit a little bit of you know make

them think twice he said there’s no

there’s no cost to it and look China has

a lot of domestic problems they have

hundreds of millions of people living in

legitimate third world poverty despite

the appearance that Gigi ping puts on

like he’s the most popular leader ever

there’s legitimate dissent against the

CCP the CCP is run by a group of

mobsters and thugs with no more than

five percent of the popular support and

so they got their own ticking Time Bomb

they have ghost cities they manipulate

their currency they have Bank runs that

happen far too often they suppress a lot

of the news there they’re not a free

Society they think they can kind of do

this Marxist orwellian digital

surveillance State I actually think

that’s unsustainable I think it’s going

to break eventually I could be wrong and

so China likes to posture as this really

strong man we could destabilize the

Chinese Communist party in nine months

with a proper president

um the question is do we want to the

only question then is why don’t we it’s

because they’ve captured our Elites and

they call it Elite capture in actually

Mandarin they have purchased the head of

the NBA they purchased the Wall Street

they’d purchase you know the top people

Peter Schweitzer put this in his book

red-handed where he talks about about

how the American Elites are bought and

paid for by the CCP there’s a great

expression in Mandarin and it’s roughly

translated uh little bad talk big help

which means they might talk a bad game

against China but they’re a big Act of

help

um you look at the cover he has Elon

Musk on there which I think is a little

unfair but he has Joe Biden John Boehner

Nancy Pelosi LeBron James I think that’s

Henry Kissinger and then Bill Gates all

of which who benefit tremendously from

the Chinese Communist party and then you

see what happens when like a famous

American actor like John Cena steps out

of line yep immediately put back into

place in uh Mandarin or the NBA was

regulating who could wear things in the

stands of free uh free Hong Kong

protester shirts remember that it’s kind

of a story that was suppressed a couple

years ago with Daryl Moore yeah you were

not allowed to even go into a National

Basketball Association game with free

Hong Kong t-shirts so it’s a hyper I

mean you think about it it’s

these associations Hollywood especially

Hollywood Banking and sports are the

three major industries that are

controlled by the Chinese Communist

Party Hollywood there’s more than that

attack two but not even as much as

Hollywood Banking and sports

fact that we’re being apologetic to them

like Hey we’re so sorry what can we do

to make you happy and you can easily and

you America helped China become who they

are today with the relationships over

the years yeah I mean I don’t mean

interject but without us giving them

favored nation status without the 1999

World Trade Organization treaty they are

a third world country yeah period and we

basically said okay we’re going to read

domicile our manufacturing assets we’re

going to close down our ability to make

stuff and we’re going to do this massive

labor Arbitrage where we’re going to set

we’re going to send all the jobs to you

and we get a bunch of plastic we do not

need in return and the robber barons

that made those deals and I don’t say

that lightly because I’m a capitalist

but it was bad for the West Design this

entire thing and but when you have a

relaxed monetary currency which we do it

necessitates neoliberalism who are The

Architects of the deal in 1999.

um well Bill Clinton signed it but it

was largely driven by Consultants

McKinsey and Company was the largest

company that was basically pushing

um you know the kind of idea that we’re

going to go to a company and say we’ll

be able to solve you see right there

McKinsey and Company right there it was

that 2019 yeah and we’re going to go in

we’ll save you you know Pennies on a

dollar you know you could make this

Trinket in China for this even this tie

right here is made in China I was like

wearing it earlier you kidding me why

can’t we make this here it’s because you

know we want to try to get the lowest

cost and for certain products that made

sense but why do we make penicillin and

vitamin C 90 of all our vitamin C comes

from China like that makes no sense and

so we we offshored our critical

infrastructure to a country that seemed

to be kind of a passive

country and it’s now turned into our

greatest enemy and what have we gained

from that just lower prices when you go

to Walmart I’ll tell you what we’ve

gained our homes are twice as big as

they were in the 1950s with twice as

much garbage that we do not use and

they’re half as they’re um half filled

they’re twice as empty because we have

less kids so we have we have piles of

plastic we do not use and factories that

are empty and then in return we fill our

entire communities with fentanyl made by

the Chinese Communist Party pumped

through by the sinola drug cartel and we

lose 107 000 people a year to drug

overdoses and we’ll take another step

closer to home and I’ll teach I’m

teaching people new words today Pat

mciladora mequiladora means little

sister maquiladora was the concept of

putting a small Factory in Mexico where

the labor was cheaper and products could

be made and then they would take a very

short walk to the United States so if

that WTO deal doesn’t happen in favor of

China it would have turned Mexico into

the larger manufacturing power and what

would have happened to the Mexican

economy you would have had the eruption

the good eruption of the middle class in

Mexico and you can trace it right back

to the issues that we have with Mexico

to the gang style violence that there

are in terms of controlling government

areas in Mexico whereas if this happened

you would have turned them into to 1950s

United States manufacturing power and

what would have that done to our

relationship with Mexico it would have

made our continent a superpower

continent is what it would have done why

did not we have the foresight to do

something like that because you could

make it for cheaper they were chasing

the labor costs absolutely correct and

and I hate to be that blunt but the

Chinese Communist Party basically said

pennies per wage hour

for us to be able to make a shoot and

they were chasing the wage hour and look

I’m a capitalist I’m a free market guy

but also I want markets to point towards

something virtuous and good and not

every deal you do is going to always be

in that proper context the Chinese

Communist Party deal is a bad deal and

the people that defend it

it’s indefensible I mean what we have as

a casualty is we have become more in

like an owned and operated colony of the

CCP it’s breakable it’s breakable for

many reasons because we still have a

free society and they don’t the fact we

have somewhat of a free Society is our

great competitive advantage that right

there is how we beat them if you

unshackle the American entrepreneur we

run circles around these people because

you cannot possibly quantify or measure

20 or 30 million free people taking

risks that will be to CCP oligarch every

day that’s a planned economy now they

have a mixed economy but they still are

not figuring out entrepreneurship there

because they have to comp they have to

control they have to confiscate wealth

it’s still fear-based a true free

Society economically could destroy these

guys in a decade and what you don’t

realize is you’re seeing a reflection of

1950s and 60s Soviet Union where they

tried to put in place these five-year

economic plans centered around crop

plans and Agriculture and we’re going to

export to Europe and that’s where we’re

going to get our power out of it and

they they had a couple things they had

uranium they had limited lnc because of

the extraction that they were going at

that time blah blah blah blah well guess

what that is exactly what you’re seeing

happen here is these limited economic

plans that are based on control of the

populace the labor force are not working

for China just the same way they didn’t

work for this is the Soviet Union can I

ask you a question Pat because I know

this is something that’s near and dear

in your heart obviously you know

entrepreneurship capitalism the back

backbone of what valuetainment is all

about you’ve interviewed whether it’s

General Robert Spalding countless people

that uh what’s the one gentleman that

you’ve had multiple times the he’s an

expert in China relations

So when you say that China is fear-based

and Charlie corrected out uh you know

you have 20 30 million entrepreneurs in

America that can spur American

exceptionalism again right economically

what where do you like what do you when

you say fear-based with China versus

yeah so so if I go to TSA Pre to get my

TSA pre-card you’re in fear because

you’re dealing with a government

organization customer service is

non-existent the lady’s talking to me as

if I work for her I told you to be here

15 minutes ago I’m like you got to be

kidding me I’m driving up Are you

seriously I said yes I told you I’m like

wow then go to clear you go to clear you

know how they’ll talk to you oh my god

thank you so much for coming and thank

you for this and thank you for that Rob

if we can grab a bottle of water so

clear will give you customer service

because they want your business TSA Pre

knows you don’t have a choice you best

respect us right fear free TSA fear

clear but free America is free still

China is fear you’re afraid walking

around you got to make that guy happy

this guy happy that guy happy this guy

happy it’s all about that this is why

some by the way earlier question I asked

of you guys and I asked Charlie uh Kelly

you can just bring it up earlier

question I asked of a uh Charlie I said

what would happen thank you to America

today if

Elon doesn’t buy Twitter

if Spotify doesn’t drop if Spotify drops

Rogan let’s say and a rumble isn’t there

what would happen

entrepreneurs are going to fix 95

percent of the world’s problems because

in climates like this you don’t think

YouTube in their board meetings they’re

talking about Rumble right now they’re

talking about you don’t think Facebook

and YouTube and all those guys are

sitting there pissed off at Elon for

allowing freedom of speech you don’t

think there’s you don’t think YouTube

and all the Silicon Valley people are

not pissed off at Sweden Daniel if we’re

not dropping Rogan how dare you not drop

Rogan how dare you not drop Rogan

capitalist expose bad arguments and

that’s what what’s happening right now

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