Fellow the max kaiser. For many years now weve been saying that a new brand of woods is inevitable. And this past week the i. M. F. Said exactly the same thing and new private words is coming oboy stacie lets go well so many people and so much media is focused on the clown car show happening in the us elections that they kind of overlooked this whole i. M. F. Is calling for a new Bretton Woods which of course would be seismic it would coincide with the 50 Year Anniversary and 2021 is a 50 Year Anniversary of the u. S. Dollar standard remember we went off the Gold Standard temporarily and august of 1971 Richard Nixon said there were close in the gold window just temporarily until they could default on their debts to england and of course 50 years later were still defaulting on the debts but we could be seeing a new Bretton Woods who knows whats going to happen but youre talking to simon dixon in the 2nd half about that in the meantime you know really whats going on is that through citie
An extra blade but fatalistically and we see this time and time again so the us. At any moment they could get off this path in the camp of walking into the buzz saw that make conceivably but fate is drawing them to the blade you know we had Aristotle Plato socrates they understood the man right they understood what tribes us and we always tried to the buzz saw thats the way powerful people are powerful nations do it they just go straight into the buzzsaw theres no other option they can just like kindly walk off the stage you know its just goes into the but is cyclical nature of nature is one that can be dramatize stand in the case of humans they typically will be drawn to fatalistic and unnecessarily and thats what makes a tragic speaking of tragic just look at that chart this is our deficit numbers plunging here it is the deficit serves the us record it is widest budget deficit in fiscal 2020. Since the 2nd world war that was a child she was what she was a massive global tragedy at th
They could default on their debts to england and of course 50 years later were still defaulting on the debts but we could be seeing a new Bretton Woods who knows whats going to happen but youre talking to simon dixon in the 2nd half about that in the meantime you know really whats going on is that through cities trap that weve talked about which is the rising power china always ends up in conflict with the decline in power which is the United States in the situation we certainly see that heating out and you see that however even in the attitudes of people around the world here is a chart which is worlds leading economic power this question was asked to people in advanced economies around the world and among advanced economy publics 48 percent thought china was the number one power 35 percent thought the u. S. And amongst germans it was 55 percent china as a leading power and 17 percent of the u. S. And this is unfathomable a low says adam to use this idea of the 3 cities trap you know
Monitor and track down as many people around the country as possible to know their whereabouts to know their Health Status and weve seen this Remarkable Campaign step up in the epicenter of the virus this week what the government has started to do as starting what they pulled a sort of no household Left Behind Campaign the getting teams of people together tens of thousands of people have been mobilized government Workers Communist Party members people neighborhood and Community Volunteers and in teams theyre going household to household door to door knocking on the door doing Health Checks getting peoples contact data if anybody has symptoms theyre sent to hospitals for testing and they continuing to report all of this information and already in the dental compounds are in lockdown so you can actually leave the compound outside the restricted the times or the outside these restricted measures unless you have a very good reason so thats one example of what the government is trying to do
A capability of missiles batteries or. Land to air capacity against the Saudi Air Force that would be quite the disability thing to the saudis and that will actually be a game changer in yemen clearly. If all the reports prove correct the saudis are sort of set in fact from such an upset by the yemenis that what you saw after that are basically revenge attacks basically losing their minds if you were because of the loss that the incurred and this is a difficult thing this has been going on for 5 years now and clearly the saudis are not winning and clearly this sort of incident means that they are losing and this is a big deal knowing that already their partners the yemenis sort of the iraqis you know how for all practical purposes withdrawn left and now the saudis are there and incapable of finishing the war and settling in cable of winning the war and now perhaps with this game changer beginning to lose the war that is for mr says talks to resolve the gulf dispute have not succeeded a