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The Electoral College however. We are shorthand will say president elect for me the real focus is what happened in what they were rest of the election there was no blue wave it looks like as we speak now the senate will remain in republican hands thoughts more gridlock which may not be a bad idea because of pay at one of the the senate we could have seen a number of things that a lot of conservatives would be against so you know from trumps days are numbered in the white house that it would appear but. Even without trump ive now i say there is trying to some in the media is not recognizing it and i think thats a huge mistake go ahead bob. I greeted a lot of sled victory over the blue wave they refer to. Never materialized and i think the reason why they expected as well just an ocean that electional trunk in 2016 had been a mistake and that this was their problem money because i dont think they ever came to terms with why the l ....
A move welcomed by moscow we are keeping across this story and well bring you more as it develops this is our international stage. Hello and welcome to cross talk where all things are considered im Peter Lavelle biden claims victory but what about those who voted for trump well they say now not my president and is europe facing another wave of terrorism is neo liberal ideology showing signs of exhaustion. To discuss these issues and more im joined by my guest landis and in oslo hes an associate professor at the university of south eastern norway as well as author of the upcoming book russian conservatism and here in moscow we have except he wrote hes the founder of the center of political strategic analysis straddle all right gentlemen crossed of rules in effect that means you can jump in anytime you want and i always appreciate it ok lets go to glenn in oslo again whats your major takeaway from this election here joe biden has bee ....
Mentioned that in the last episode and he was so prescient about this pandemic situation when he predicted sort of a pandemic basically that negative rates were signaling that he predicted that last june or july he says i think we have just witnessed the end of the petrodollar system non us countries will soon see a new unit of account medium of exchange and store of value a new Bretton Woods that will not be decided in america or by americans right well all the key players necessary for that are involved right now saudi arabia russia states so the petro dollar of course was established in the early 1907 days with america and saudi arabia when america defaulted on its sovereign debt remember Richard Nixon defaulted on the dollar default on the treasury market and we went on the petro Dollar Standard because america had to ....
System non us countries will soon see a new unit of account medium of exchange and store of value a new Bretton Woods that will not be decided in america or by americans right well all the key players necessary for that are involved right now saudi arabia russia states so the petro dollar of course was established in the early 1907 days with america and saudi arabia when america defaulted on its sovereign debt remember Richard Nixon defaulted on the dollar default on the treasury market and we went on the petro Dollar Standard because america had to close the gold window could no longer fulfill its obligations to its creditors this was the beginning of the petrodollar era and the beginning of all things everywhere are being priced in dollars oil is being priced in dollars all commodities are priced in dollars i gave ameri ....
Could no longer fulfill its obligations to its creditors this was the beginning of the petrodollar era and the beginning of all things everywhere are being priced in dollars oil is being priced in dollars all commodities are priced in dollars they gave america the us empire of debt it gave america the World Reserve currency it gave america whats called seniority which which is basically they get a cut over every transaction ever done anywhere in the world every coil trav if japan wants to buy oil that the buy dollars 1st and then buy oil for example so they have to give america a commission they get a cut thats a huge source of revenue for america now with saudi arabia and the us have been at loggerheads down for a couple of years that relationship has been strained and saudi arabia is i think youre correct they threw a hissy fit they said were going to just want the price down by 10. 00 for oil because our cost production is not e ....