BRICS on the Rise, Countries Ditching the Dollar & U.S. Empire Declines w/ Prof. Richard Wolff
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- Опубликовано: 29 июн 2024
- Dozens of countries have expressed interest in joining the growing BRICS alliance, with high hopes of ditching the U.S. Dollar, reducing their reliance on the West, and increasing their mutually-beneficial partnerships with countries like Russia and China.
Prof. Richard Wolff, an American Economist and founder of Democracy at Work, noted that as with every empire, the U.S. has used and abused its power to the point that it is now headed for decline. While China is now the global super power on the rise... it begs the question, will Beijing follow in the footsteps of Washington and London in the past? Or will it take a different path?
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Greetings from Ireland 🇮🇪
Free Palestine 🇵🇸
Larry Elder once said, "There's not a dime's worth of difference between republicans and democrats". Boy was he right. It's all kabuki theater, good cop - bad cop when there is not one 'good'.
Or Malcolm X said it best. "The democrats and the Republicans are like the fox and the wolf"
2 cheeks of the same backside...😂😂
I said it b4 the Republicans are on the Head of the US coin and the Democrats are on the Tail. It make not one iota of difference who won the US Presidency. This coin is both minted and owned by the US Federal Reserve Banks who as part of the Deep State will governs the US of A together with Wall St banks, Pharmaceutical conglomerates, NGOs and the Military Industrial complex. Those US voters who think their votes count live in CooCooland.
Either way, AIPAC calls the shots
BRICS+ is a golden opportunity to unite. Building a better world, one brick at a time.
Ditching the dollar is not the end of the world for the US, empires often fall internally, has been making sure everything privatized and 90% of the wealth going into the pockets of the 1% is, but dollar being ditched is certainly a key to the door of a new era for countries being bullied, squeezed and colonized for decades if not centuries.
who will maintain the power structure?
@@drakekoefoed1642 As usual, the Security Counsel table for five, or three I should say.
@@drakekoefoed1642the US has never promoted security for all, only themselves and not even the regular working people but rich people.
@@drakekoefoed1642 power will now be shared more equally
Thank you Rachel and Prof. Wolff. Independent journalists with journalistic integrity are the heroes of our time.
Excellent interview. Professor Wolff's understanding of the Bric's alliance is really refreshing.
The US's complete abuse of stanctions and economic blackmail over many years has become the best advertising and incentive BRICS could ever hope for.
Now that the Saudis have dropped the US Petrodollar the State Dept is blaming the Saudi Government for 9/11 JOKE
They were doing that even with the increase of popularity of the liv golf stuff and the Chinese facilitated peace between them and Iran.
I'm a tech. engineer; 9/11 was 3 skyscrapers who were demolished with pre installed nano termite explosion on each floor bye Mossad, yes black flag op.
"The dancing Israelis" on 9/11.
@@davidburke2697 yes, 'the termit van with 3 dancing Jews' & building 7 Larry Silverstein say's ; "we decided to pull it" meaning explode it, a demolition expression.
Lee Camp reported this a couple times.
US going thru 5 stages of grief, 😢stuck in 1st & 2nd stages ANGER 😡 & DENIAL 😱
Richard Wolff is such a good teacher as he makes everything easy to understand. More Richard Wolff Rachel please.
He's a hypocrite. Democracy At Work is not even run as a worker coop but he wants other companies to do that.
@@MK-oz2lf he is right 100%
@@MK-oz2lf I don't know the facts. But i think it has like 5 employees
Thank you Rachel. Dr Wolff is a treasure.
It's fantastic to see Prof. Wolff back on your show, Rachel. I've followed him for years, and I have read his books. His work is making a real mark for a new body politic, and a better world. - Joe Frisina, BA Pitt, antiwar protester since 1969.
Rachel is part of the excellent alternative media giving us the best of information ever and ever again. Thank you!
Empires' hubris, wanting to be that single sole power in the world never makes the world peaceful according to history.
Rachel, thanks for this conversation with Dr. Wolff who always talks common sense (not so common these days).
Play this video next year or 5 years from now. I'm sure that Professor Wolf's comments will be the most prescient comments you've ever heard.
Thank you to Prof. Richard Wolff for his best illustration of "denial" and the beautiful facial expression of Rachel Blevins.
RACHEL BLEVINS ...
GREAT JOURNALISM
Dr. Wolf has probably THEE most impressive/intimidating academic resume I've ever seen!!!
Fantastic program! I find myself watching this channel more and more often. Thank you. :)
Thank you (from Brazil) Rachel and Richard!
Thank You, Lady Rachel, this is one of the best interviews I have ever watched.
Great job, Rachel! I really enjoyed this guest, very intelligent and informative! Appreciate it! 🎉❤
Brilliant,,Professor Wolff hit it right out of the park... thank you beauty hearts!!
Watching her and listening to him made my day ! 👍
Thanks Rachel !! . Excellent interview and a great guest the well known Professor... always a pleasure .
please bring the professor more often his wisdom is so incredible and we need more people to start to pay attention to what is going on in the world
Wonderful talk by professor Wolff. Thank you Rachel!
Positive to see an american woman talking without brainwash
Tank you Rachel for your interview with professor Wolff whom is very knowledgeable Informative analysis
I always enjoy listening to Professor Wolff. Thank you Rachel for bringing Prof. Wolff onto your program again.
Rachel Profesor Richard Wolf is one of the Best Economist Analyst there is on the entire West that talks with History Bases and Facts ! I suggest to Bring him back more often So your followers keep on learning more of the State We Are In. ❤ Rachel.
The problem is, what we have today is not Capitalism, we have fascism, corporations in bed with politicians. 🤷🏻♂️
fascism is 100% capitalism
Fascism is but a form of capitalism.
Thank you for your great work! Free Palestine!
Rachel, you are intelegently gorgeous, and you have an excellent show, not least to say, Richard Wolff is a titan amongst economists! I follow Richard alot he is amazing, I have learnt much from Richard, what a great president he would make. I can't remember, have you had Micheal Hudson on your show, he is also amazing🥂
i love listening to prof. wolff. i always learn so much.
What he says circa 11:00 [EDIT: actually 10:05 ] is very important.
Once we cut spending (e.g. on weapons) to balance the budget, the economy will contract, and we’ll have to cut spending again in a kind of loop.
That's right Professor
Great Sunday release Rachel, thank you
Rachel great work! Knowledgeable guests and actually important topics. Love your channel.
I'd seriously take an economics class from this guest! Fantastic! 🎉
Rachel's comment on France and the rise in the cost of bread reminds me of Les Miserables where they jailed you for stealing a loaf of bread...
It's so refreshing to get a reality based analysis of the current situation we're in rather than the fantasy blather we get from these two wretched capitalist parties.
Dr. Richard Wolff is right. Listen!
Another brilliant and clear analysis of current world situation by Prof Wolff. Unfortunately 95% of the population are still inundated with the lazy and shallow journalism being put out by mainstream media! Thank you Rachel for having Prof Wolff on your channel!
Rachel Blevins thank you for your brilliant program and your great guest Professer Richard Wolff you bring such an incredible background history
I love Richard Wolfe. He really knows how to break it down to where people understand the dilemma we are all in. Another great one Rachel!
AMAZING INTERVIEW RACHEL
He must have left Ohio young to have that New York accent. He's a smart man, though, no doubt.
Professor Wolfe's classes mudst be great, he explains everything so clearly that even a fiscal clutz managed to follow him from start to finish.
Love you Rachel
Yeah! For the BRICS+
It's all on the "Central Banksters"
Great interview! Thank you Rachel and Mr Wolff. Best regards from Serbia.
Mr Wolf is so sharp I wish he was the treasure secretary instead of his class mate 😞
BTW. The "Brick" unit of currency and system that Dr Wolff suggested is similar to the Bancor system proposed by Keynes. Warwick Powell, mBridge. There should be no reason why the US could not participate.
Love the Matryoshka dolls and Watermelon plushie at the background, Rachel. We appreciate your work. More power and blessings to you.
I was watching a short video of a guy in the USA that went back over his previous purchases from Wal-mart through his loyalty account and on that account he could choose to reorder his previous monthly food purchase he chose a monthly food order from a couple of years ago which had cost him $125 approximately and he selected to reorder the exact same items etc and the cost was $412 approximately…. !
Well what was billed as the return match of 2020 the "debates" should have accomplished one thing... cured the mental paralysis of the electorate. I think we are in for the unexpected .
Thank you great interview. Good Day.
Brilliant talk Rachel, Thank you
AWESOME! Thank you... wonderful guest
Mr. Wolff you are great.
Thanks Rachel
Was again a very good show 👍👍👍👏👏👏👏thank you both !
I liked the way you placed the Russian doll on the left and the water melon on the left. Nice clues. :)
It's great to see Prof. Wolff here. I hope Rachel will also invite Prof. Michael Hudson to her show, too.
Always resonating Rachel🏆🥇🌺
Great interview, you are an appealing host as well.
Great segment
THANK GOD🎀
The Belt and Road Initiative is essentially the United Nations without the G7. All countries are invited to join the BRI, but the G7 and their allies refused to participate because raising the standard of living for poorer countries is not in their interest. While the G7 accounts for 10% of the world population, it constitutes 60% of the global budget deficit. Western governments are isolating themselves from the majority.
Politics determines how wealth is distributed within a country, while wars and diplomacy determine how wealth is distributed between countries.
The world's richest country with the most expensive military are enjoying these benefits of their government policies: Economic inequality, inflation, stagnant real wages for the last fifty years, costly healthcare, an expensive education system, student loan debt totaling $1.7 trillion with an average balance of $38,000, poor public transportation systems, racial inequality, mass incarceration, the militarization of police, deteriorating infrastructure, housing affordability, homelessness, the opioid epidemic, and gun violence.
Instead of prioritizing the welfare of its people, the US meddles in other countries to spread its version of democracy. The question is whether the USA can continue to survive with its version of democracy, not whether it can have any leadership role in the global order.
The 'Arsenal of Democracy' produces 40 percent of the world's weapons. It is a very profitable business model in which other countries buy these weapons to fight each other. The key is maximizing profits without shedding US blood by inducing conflicts between and within countries outside the USA. One client is eager to spend AUD 368 billion to buy a few high-quality used nuclear-powered submarines. This business model's critical components are NATO, QUAD, ANZUS, Five Eyes, AUKUS, and MCC (Mutual Cross-Service Agreement).
Anywhere in the world, if there is a border dispute, it is usually the result of a line drawn by an Englishman; if it is an internal dispute, it is usually the US fueling it. Difference in implementation of divide and conquer strategy.
Since WWII, the United States has started 201 wars, overthrew 36 foreign leaders, killed or attempted to kill 50, dropped bombs in 30 countries, and interfered in 86 foreign elections. To make the world safe for democracy, the US has caused the deaths of tens of millions of people in its conflicts in Korea, Vietnam, Yugoslavia, Iraq, Afghanistan, Libya, and Syria. The CIA was involved in covert operations that resulted in mass killings of communists in over 22 countries, 500,000 to 2,000,000 Indonesian civilians disappeared in 1965-1966.
Collectivism and centrally planned economies don't work
what dr wolff is saying is that working class people should be sticking up for themselves.
Excellent Proff Wolf, thank you, Rach
Great show
Great explanatory clarity from Prof Wolf. He is quite exceptional for distilling down and clarifying many issues- economic, historic and contemporary. Rachel at 50 k 💗👏👏👏 Greetings and congratulations from🇮🇪
Thank You Sir! Thank you Rachel!. Greetings from Poland
Good one
Always like Prof. Wollf and Rachel
Great show, Rachel! I always learned something from your show and especially with Mr. Wolff! Keep up the good work!
Just one small note about the new Bricks currency.
The latest proposal for the name is - UNIT
It will be 40% based on gold
That is enough to know
Macedonian
When he talks about homes, does he mean those plywood sheds the americans live in and call it "FINE HOMES" (for some unknown reason)? 🤔 Can they now not afford to buy even those? 😨
BRICS is a saviour to the enslaved world. Well done to the BRICS team
I grew up wanting to be north american or european, now, in my 30s I never been more happy of being brazilian. So proud of Brazil, through president Lula and president Dilma, for being a founder part of this world shattering transformation that is the BRICS. Lets hope we survive the end of the empire and live long enough to see the realization of the multipolar, multinodal, HARMONIC new world order.
Brazil is a shit show
@@jacobjorgenson9285 yep, so is the US. Brazil has universal health care and public universities though, soooo... Way ahead of the US in a lot of fundamentals. So, fuck you :)
@jacobjorgenson9285 Yep, and so is the usa. Brazil has universal health care and public universities, so, way ahead of the usa in a lot of fundamental policies. We also dont have people shoot kids at school, nor terrorists attacking civilians because of our foreign policy. We have loads of problems, we admit it, we dont hide from them. The usa on the other hand is completely delulu. LOL
THANKS 4 SHARING.
Dr R WOLF HAS ALWAYS BEEN A🏅
ANALYST ON ECONOMIC MATTER.
GREAT SHOW❤️.
Leaving a comment because Rachel told me to at the end of the video 👍🏽
Top form monologue
Good Wolfe chat too,
The difference between the 1920s going into the Depression and now is we had an organized socialist-communist society capable of posing a threat to the ruling elite which was bound to cut labor in on the spoils of WWI going into the Great Depression;
Today the working class is deeply divided against itself and poses no threat, the elites are free to liquidate working assets and move abroad, they aren’t bound to our welfare in any way, the debt belongs to the people who cannot leave
Good to see you Richard. How's it going?
Kenya can simply refuse to pay back the IMF loan. Then the IMF can write off the principal. That is the same thing that happens when Kenya pays off the IMF loan. It is the nature of the Fractional Reserve banking system. The IMF only books a loss on lost interest which is probably only 2 or 3% of the principal. Meanwhile, China, India, Russia or someone else can step in with fair trade, build infrastructure and create jobs for Kenyans.
hey Professor
This comment may be idiotic: All the financial miseries discussed here shall be bygone if a cap is put on the amount of wealth a human can own.
Collectivism and centrally planned economies don't work
Exactly
The corporations are horrible: when a corporation sponsors an artistic performance, the corporation creams off all the best seats for themselves and their hangers-on. The public just get a few crumbs.
Peace ✌️
USA give to Ukraine since 2014 present more than 300 billion dollars and i do not count our EU help money, imagine what we could do with all this money, we in EU will have as China Maglev we invented but never start to build infrastructures for those superb hyper speed train.
90+% of that money never left America
For of one sure enjoyed y3 Ty Ty for the just excellent conversation my beautiful spirit family's of Rachel of Wolf ❤3
I’m a 70 year old Veteran. If the US joined BRICS would I be able to eat and maybe have a roof over my head? As it is now many many seniors and Veterans are struggling with both.
Best prof😅
Profesor brilliant like olveise.
Is it possible to change the system?
Possibly, as feudalism replaced
hunter gather& and other economies
capitalism replaced feudalism.