ah, ah, a prime minister agreed to postpone a controversial judicial reform and made huge protests and go through the country. we're showing you live pictures from jerusalem right now. also this out with the new city and what is the us doing that creating more and more new mil to realign this is the west that is building new axis. vladimir putin acute is nato of aggressive global military expansion of stressing that rushes deployments of its nuclear weapons in bella. bruce is a purely defensive response to what the west of been doing for decade.

oh, you can use a high living cause poor fool by. i don't this is lita violence with a very warm welcome. it's 9 pm here in moscow and this is the international with the latest world news out they just good to happy with. i was where the prime minister benjamin netanyahu has confirmed that the ruling coalition agrees to postpone the controversial judicial reform. that a sparks months long protests in the country. the human emotion due to my responsibility to the nation. i have decided to delay the discussion until the summer session of the candidates in order to bring balance between the authorities . let's get the details now for middle east correspondent maria phenomenal. maria,

thanks for joining us. the thing thing. so what exactly does the israeli premier state been made for the controversial reform? well, hi, nikki has been monday's most anticipated speech here in a israel prime minister benjamin netanyahu. indeed announced the freezing of the controversial additional reform that he's law has been pushing for very actively since israeli new government came to power in late december till the next session of the countries parliament, the method meaning for several months. he added that there will be a serious discussion, real negotiations between the countries left and right blocks, and that the reform will only pass on through consensus then. yeah, who also talked a lot about how divided the country currently is that israel is in the middle of the crisis on the way to collegian. and that he was very much concerned about the fact that the citizens of pedro who are supposed to be brother is seen as adam, is

a right now as divided because of this reform. and that he is not willing to tear people apart. and he wants to avoid this civil war, and this is why he gave the green light with the poem and help states reform we heard earlier on monday already. that's the government will be given extension from the countries national security minister benny green, who later also posted on his social media that later but he'll the reform will pass . no matter was he also now and establishment of the national guard. under his ministry, national security ministry also adding that i think that apparently that was part of the deal because earlier on monday in the morning then to be a threatened to leave, i think government attendees, pony all the top that additional reform. and that would, of course,

significantly we can, prime minister is law or even lead to the government's collegian. so for now then we're in pain and he sounds very much like winners. let's take a listen. the reform will pass. the national guard will be established. the budgets i have demanded for from the ministry of national security will be passed in its entirety. no one will scare us. no one will succeed in changing the people's decision. controversial judicial reform has already become a serious trigger for massive public protests all across the country. perhaps the biggest in israel's written history for 13 consecutive weeks, hundreds of thousands of people have been taken to the streets of major sutures in israel complaining, but their rights and democracy being stolen from them. they have been blocking the airports, the highways, major roads, and intersections, burning tires, throwing stones to security forces clashing with police. they have been casualties

from both sides and a wave of arrest. the last straw was benjamin netanyahu firing the country's defense minister, garland member of prime minister as they could policy. and one of the key figures in the countries right tween law expressed on saturday. he's deep concerns about the situation in the country right now. and especially israel, secure a chance this moment, given the fact that it's a bit in, in the military rank has been spreading very fast as a growing number of ideas, reservists and pilots and military commander and have repeatedly threatened to give up the call up if the government does not back off from its plans and if the reform advances and that is a very bad timing given that these really is he in conflict recently and to the very dramatic page. they have been casualties in queen castle his from both sides.

we know that at least 15 israelis have been killed since the beginning of here in terror attacks including is to jerusalem, major attacks in years and also at least $900.00 pounds tedious, died mostly in idea of military res, especially in the north. although occupied west bank, so very fragile moment, a very dangerous dramatic escalation. so it would be a bad idea to be without an arm and a moment for a kind tree. so now the former defense minister, garland cold, only to hold to postpone the reform with probate, as least for now. and he was fire the very next day. apparently, benjamin. it's the decision unfolding the tremendous pressure from a several ministers. several members of the coalition, including bennett, who i mentioned earlier, a very influential political figure. and now hearing israel, the countries national security minister prompted even bigger

protests again in television here in jerusalem. interesting out that we in the last 3 months have only been seen those trusting enter government protests. but on monday those supporting the judicial reform and supporting prime minister and yahoo . and as well as bend we are supported, also took to the streets and police is currently on high alert as they are expecting clashes between different fractions, off protest or yeah, most looking on the live pictures of the streets right now. we're still seeing thousands of people out in the streets despite his decision. suppose the reform. so what exactly is so controversial about this? well, the protectors have been claiming for months that this judicial reform will put israel on the way from democracy to dictators have. and this is what they have been complaining. this reform would a see

a radical change in the can make the appoint judges giving the politicians all the coalition as significant and say who the high court judges will be. of course a, toward the whitting, the supreme court dramatically, which is in fact the only 4 now effective protector of civil rights and minorities in the country. like israel, we know written the constitution. i'm protested. have been saying that it would leave israel with no real tax and balances on the executive power added to that the so called in capitation law. also, part of the judicial reform would prevent the countries the state attorney from our senior hall by declaring that capable of serving as the country's prime minister, only the parliament and the prime minister. ironically himself would be able to do that. and protest as have been saying, but that would be as they were to try to democracy, that would give prime minister who is currently by the way,

facing corruption charges more significantly more power and less accountability. and that is not good. they've been saying anything of the update that saw these middle east correspondent maria phenomena speaking to his live from jerusalem. thank you. roger is not creating a military alliance and has nothing to hide in his cooperation with other countries . while the west is the one, is building a new global military axis as from vladimir putin, that latest interview fluid. he says liam's, we are not creating any military alliance. that is true, that we have some military cooperation, but it is all transparent. there are no secrets there were conducting joint military drills too. but it is not a military alliance even. and what is the us doing that they're creating more and more new military alliances by that is the west, and that it's building new axis. but look, last year of nato agreed,

a new strategic concept for his development. and it says explicitly, merlin, nato is going to develop cooperation with countries in the asia pacific region. they're announcing that they're going to create a new global nato. and the u. k. has signed a contract on mutual openness with japan ship date. so they would last week the u. k apparently decided that it wasn't enough just to provide ukraine with more conventional ammunition just as european union nations have agreed to produce. presumably with all that energy saved from their citizens, taking shorter showers. instead the u. k. just had to work in a nuclear angle to it's ammo, pledging some armor piercing munitions containing depleted uranium that has toxicity linked to ontological diseases, when it was used in iraq and the former yugoslavia for example. and also has some radioactive properties as well. now imagine if a whole depot of this stuff went up in flames or ended up getting bombed,

is the u. k. willing to guarantee that there won't be a toxic follow from that? heck, they can't even trace weapons currently in ukraine. so it's equally unlikely that the going to give down what happens to these shells or to anyone exposed to the substances in them. why didn't go there to uranium ammo, when there are perfectly normal shells of all kinds to choose from. particularly if you want to keep anything in everything nuclear out of this conflict. so in the wake of britain's nuclear eva station, which russian president vladimir putin qualified as absolute recklessness, putin announced on saturday, the tactical nuclear weapons would be stationed in bella. ruth, as early as the summer and the collective west, which was apparently totally cool with the u. k, toying with the n word nuclear promptly flipped out. but the ruse hosting russian nuclear weapons would mean in irresponsible escalation and threat to european

security bella roost can still stop it. it is their choice. the u stands ready to respond with further sanctions, nature's vigilance, and we're closing the monitoring the citation. we have not seen any changes in russia, nuclear posture that would lead us to adjust our own. yeah. dangerous. but apparently having particularly toxic munitions dumped into a country bordering the you wasn't a big deal for barrel or for nato. the french for a ministry calls on russia to cancel the move germany as condemning it. and lithuania is demanding more sanctions on russia and bowers. but the u. s. has deployed its only clear weapons in europe since the mid 19 fifties since the dwight eisenhower administration. that's according to the center for arms control and non proliferation which sites an estimated 100 us new storage across spaces in countries like germany, italy, the netherlands and turkey, between one began to so you as americans placed their tactical nuclear weapons on

their allies, territory. and trained crews and pilots to use them if necessary. we have decided to do the same without violating our obligations that we continue to meet in terms of non proliferation of nuclear weapons. what exactly is the big deal now about russia doing the exact same thing that the u. s. has been doing for over half a century. if they're that bothered by it, then maybe they and their allies should have just made an extra effort to avoid toying with the idea of using ammo containing any kind of a nuclear ingredient. it's like, you might wanna stay away from anything nuclear in the same sense that if you're in a bad relationship, you probably should avoid bringing up the word. divorce in any context, were tied to indian air force marshal and mouth, as warren. se is russia, as a military buildup, is a natural response to developments in the ukraine conflict. when it comes to nuclear, we've been living in other countries. i think you need to look at what the you will

need to have done us and walked out of 2 of the most important 3 be which dealing with nuclear trends. one of the a, b and b. they walked out of it more than a decade ago. and then in 2018, the intermediate nuclear for the treaty, which is one of the major landmarks of baton in the ninety's 80 that are that she is now doesn't exist anymore. the u. s. walked out of it in 2018 and not a product. and that opens out the options for the us to place. oh, you know, have been world in europe right now. you as the estimated to have $100.00 back to nuclear weapons in 5 nato countries. and i think given the escalation of pensions due to the situation and your grade, i think what, what the amount of the natural development i think one needs to be shipped back

over to africa. where can you has also been gripped by its own protests if people have taken to the streets to complain about the extremely high cost of living. ah, in these images you can see schools of people holding bladed weapons and throwing rocks at the local police. the demonstrations were called for by an opposition leader against president william routines. governments last week protests in nairobi and other cities turned violent with police using tear gas and water cannon . one person was killed, local was justified, the protests calling them a constitutional rights protest. and picketing the positions that something that i think that i didn't think you do show that because that's a minute because you show interesting because you have that right. but

unfortunately we are seeing the law enforcement agencies being used. okay. and they're letting kid did olsen tray and create some hydrophobic noticed us because a companion, a home that has to be our solution. and the solution must be even with the government. and then 2nd, that they should own electron dimension as never see anything in this on monday. if it's a good way, the position is really change too much of unit 3. the school in fiction. what became their government to do with these problems with how they're going to be done

as more and more developing nation think hitting some of the world's largest economies decide to ditch the dollar in the bilateral trade forces of concern. and even despite being heard in the us over the looming end of america is global financial dominance. i want to dollar would be replaced with you on the year ago when washington decided to wage a proxy war with russia, ukraine. and now it's happening. the woman guns ukraine war is going to plunge. americans seemed to economic woes never seen before in our entire history. if the dollar falls, they will be to blame and america will never recover. also, it's been backed up by the strength and economic power of the united states and the fact that oil has always been traded in dollars. if that were to end, that would mean the end of the u. s. dollar. well as find almosha, let's bring in a panel of guests pull craig roberts from a u. s. assistant secretary of the treasury now chairman of the institute for

political economy which had run a professor of governance on sustainability had de monford university. and john of eroni journalist on political unless many thanks to own of you for joining us on the program. it's wonderful to see that my 1st question to mr roberts, please. if we can start with you, russia, china, india are among the countries dropping the dollar in bilateral trade. what are the factors contributing to this trend and just how far you expect it to go? well, the sanctions, i gave it a big boost forward. i think the idea was already and the tensions leaders cause of the build on an american deck to, to the rest of the world due to the large american trade difference and the, the, the problem of the large trader said, is to the dall,

it goes, people hold the currency as the reserve currency, but they don't use it in their internal economies. they have to use their own turns . and so there's pressure to hedge. the dollar and, and their own parents is and these, these can become derivatives and then they become full of potential risks. so we can see the 2 things working, the abuse of the dollar as the world reserve currency. yes. knock all the weapon as ation of the dollar and the continuing ongoing, large american trade deficits. if i was a main contributor to that goes as the off shoring of american manufacturing. all

of the goods that the american firms making sure when they come back into the country, they come in as imports and thus they balloon the foreign trade deficit. so these 2 factors together, putting a great deal of pressure on the bottle. indeed, coming over to mr. von allow, she didn't, pink, was recently in moscow for meeting with the russian leader. they told extensively about strengthening the economic ties between china and russia. how much of a big deal is this developments for the global economy? i think it is historic moment. of course, he was basically in the coming as paul pointed out, and as he has pointed out in his right things and, and, and others. some of those have been pointing out that with the illegal seizure

of foreign exchange reserves of sombre nations within the dollars and the us european 5 eyes sort of group of countries. and that was a big warning to, to other sombre nations, to be careful and not to keep their precious wealth stored up through export and hard earned work in us dollars. and that, of course, ultimately is what what is likely to damage the us dollar. but you need an alternative, and that's where the us for a long time is still quite confident. there is no alternative. well, currency is the us dollar. well, you can create a tentative and of course that's what a lot of countries have done initially starting with a core group of countries. and you've mentioned russia, china because that corporation is crucial. but there is, you know,

the bigger group, the brakes countries and more countries are joining the bricks countries. and of course, china now has launched a ready so almost 10 years ago, the belt and road initiative, which is a very smart way of trying to think about how to recycle their foreign exchange reserves. what to do with them if you don't want to pile them into the us treasury, which can be very risky. you know, because actually, you know, what happens with us treasury is because your money there. they're actually not allowed to be exported. these treasury certificates from the us, the held in cost the by the reserve bank of new york. and if there's a technical problem, when you want to sell, you can't even sell them, which has happened a demonstrable must really some countries. then they want to use a different tool. and china has decided, instead of building up reserves in liquid assets,

why not actually invest them in productive long term investments such as infrastructure investments that increase economic corporation. therefore, you know, creating closer ties with many other countries, particularly those countries that have a lot of promoted use to export the china once a needs. then there's a natural collaboration going on. so that was already the background. and now we've come to this point where we have now concrete alternatives, you and tools we have futures contracts in shanghai on oil with good brazil getting ready to have its export is being paid in chinese currency and so on. so the alternatives are now becoming very concrete and pragmatic. thank you . coming to with the for rolly at to the extent do you think the actions or the us and some of his lines like sanctions, for example,

of actually contributed to this global di dollarization. yes, we have to be very clear that the u. s. has shot itself in the foot. it has created the situation where countries are in revulsion to american foreign policy and want to get as far away as possible from the u. s. and of course, that mean he had 2120 years of war in the middle east with 20 years of war, destruction, death, war crimes, genocide. mean, i'm sorry, really embarrassed to say this is american, but my country is the most destructive actor on in the international arena for the past 25 years. that's a fact. no one's going to dispute that. so what in plus? i'm sick and i'm excited. the financial side, we have quantitative, easy, and where we've been spending trillions and trillions of dollars. god knows on what, where all this money has gone that's been printed over the past, especially since 2008. all this money over the past 15 years has been printed. so if you're strictly from a business point of view, then why would you want to invest in the us and might say, invest. i mean, like, you know, we work with the american currency or by american treasury's,

why is an investment in the u. s. economy? why would you want to do it? it's a bad investment. again, the u. s. is a very destructive geopolitical active and it's a very carefree one time life, inches, financial actors. so it's actually actually a horrible, horrible bit the us objectively speaking and you're still going forward. we see that the us as an repentant me actually unrepentant. you know, i had this hope, this may have hope that after we pull that up, get us them. that maybe we're going to be finally a constructive actor international arena. and then of course, what they do, they start to warn you crate. the u. s. is hopeless, i'm set, i started to say that, but pretty much i hope with case and i welcome the rise of new blocks across the globe out be great for the global economy. thank you. coming back to mr. roberts, now and as you know, we recently sold a collapse of several us bank, sparking fresh fits of a global economic slump, or even a meltdown reminiscent of 2008. what's your take on the situation and who's trying

to blame this time? well, the federal reserve is to blame. they created the situation with her about 12 years of money burning, and during that period a lot of the financial instruments. so the balance sheets of banks are very low interest rate instruments. and now the federal reserve, as a rapper, the raise interest rates, so that it depreciates the values on the banks balance sheets, but it doesn't, the preciate, their liabilities. so the feds policy of raising interest rates forces banks in the bankruptcy. this was the reason the silicon valley bank failed. it was simply forced into bankruptcy by the federal reserve raising interest rates. now other banks will be vulnerable to this also than the next rooms at vale, or be those who have a large amount of low interest rate,

financial instruments on their balance sheets that we see already. i leased their reports, you never know any more points. you can believe, but we see reports that already a trillion dollars. i've been pulled out of the smaller banks. that this doesn't affect the very large banks, the fat, large banks, because everyone regards them as too big to fail. in other words, the federal reserve would never let them fail, so people feel more secure with their money and the 5 large banks. so yes, this, this will continue. and i think it was a mistake for the federal reserve to take the step, the other day began raising interest rage and indicating that it might again do this in may of this year. these interest rate increases

reduce the solvency of the box again to mister wagner. please, people like to talk about the massive us national debt. currently have more than $31.00 trillion dollars. but what does that number actually mean? who was, who, and how's that money ever expected to be returned or come the u. s. federal reserve, just keep on, you know, printing more money. what it is, it is the largest amount of debt by any measure that we've seen in history. and it is very difficult to quantify and visualize the enormity. because of course, the official headline figures are still an understatement if you put in all the unfunded pension liability and all sorts of other factors. so, well, what happens when countries have so instead of course the, the big advantage, the u. s. has had come back to our earlier discussion is the us dollar and

a debt. it's denominated its own currency. so technically you can always print enough dollars to repay the debt. however, that may create dollar weakness and inflation. in fact, that is how all big problems in the past have been solved in inverted commas. that inflation is being created. of course there's, there's more drastic steps like a complete set or a default and so on. but it's very common to have inflation now, that's where we come to the, the story that paul was just telling us, because the federal reserve is not just now raising rates and is now doing something that actually can be very damaging. the process started earlier and again, the fed has been at the center in march 2020. the federal reserve created a whole huge amount of money. this is the type of data using i suggested originally

when i propose this concept of q e d in japan. and it's when the banking system is, is shrinking credit creation, money supplies, shrinking deflation, economy shrinking. you get the central bank to purchase non performing assets for banks to bail out the banks, you know, clean up the balance sheets without cost to taxpayers. and secondly, you have the central bank purchasing performing assets from non bank that were pushing massive amounts of money into the economy. now that's what the fed reserve did in march 2020 at a completely unsuitable time to an historically unprecedented amount. so they created this inflation. i want at the time, maybe 2020, we're going to get significant place in 80 months down the road. that's what happened was the fed. and that means, you know, this, this whole process is being driven by the fed, including the banking crisis because why was a silicon valley bank actually in trouble? you know, it's paul mentioned we've got.