what you think happened next? do you think we were jumping up and down and talk about winston churchill? smart foreigners and there are some believe it or not started to dump the u.s. dollar why? because the u.s. dollar was no longer a reliable store of value. suddenly it was a political weapon that could be wielded at will against anyone who held it. so what if you had a border dispute at the state to permit had an authorized? or what if he accidentally criticized transgender theology and irritated human rights campaign? the u.s. government might denounce you as a moral and then confiscate all your money. because they just did that with russia. as a result dollars begin to look much less appealing to the rest the world. as of the dollarization began and it s accelerated at a remarkable speed almost without comment and the american media of last year. so russia announced to do business in asia, africa and
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benefit. hsbc did well in the last quarter. yes, benefit. hsbc did well in the last quarter. yes, strong - last quarter. yes, strong results which would have pleased the market and beat expectations, as outlined. gather up 30% over last year, and the results explain why. what strip on the results, firstly, they benefited from an increase in margins, and increased interest rates around the world. secondly, they also benefited from showing the announcement would come out of economic hibernation and china is an important part of the market. a very strong quarter to the bank. to the bank. let s talk about china because to the bank. let s talk about china because hsbc, - to the bank. let s talk about china because hsbc, its - china because hsbc, its business in asia is extremely important. in 2021 it made nearly two thirds of its pretax profits in the east as opposed to europe, the us, etc, it s closing down its work in canada, northern america. but the insurance company once hsbc
so, what did this dynamic do? yeah, i mean, james had just come from a triumphant tour in asia, building out the business in asia, and was really on the rise. and lachlan was really gone. he was off in australia. and yes, miraculously, rupert, as always, managed to survive as a business from a business point of view, was able to kind of keep the business going, divide the company, kind of almost like a cancer, cut out what he claimed were the kind of toxic assets. but the family really didn t recover. for james, this was really the end of his rise. and for lachlan, it was the beginning of what would become his rise. and he would soon kind of become the heir apparent and take over the company. that s why it is a focal point in this series. thank you so much. jonathan moller, appreciate it. and the murdocks: empire of influence airs tonight at 10:00
goes with those closing shops. they need to goes with those closing shops. they need to recover goes with those closing shops. they need to recover and goes with those closing shops. they need to recover and it goes with those closing shops. they need to recover and it is goes with those closing shops. they need to recover and it is to- goes with those closing shops. they need to recover and it is to come i need to recover and it is to come back need to recover and it is to come back in need to recover and it is to come back in real need to recover and it is to come back in real dollars need to recover and it is to come back in real dollars that - need to recover and it is to come back in real dollars that could - need to recover and it is to come back in real dollars that could be| back in real dollars that could be sent to back in real dollars that could be sent to sopport back in real dollars that could be sent to support government - sent to support government infr
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