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Top Three Videos – November 11, 2023

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Dollar Hegemony Fuels America's Foreign Crusades

Radio Rothbard...

Summary

The use of the US dollar as a tool for imposing sanctions and controlling other countries’ participation in the financial system is a significant issue in foreign policy, reflecting the power and influence of the United States on the global stage.

  • The use of the dollar as a bludgeon against other countries for sanctions and controlling their participation in the financial system is a big issue in foreign policy.
  • “Do as we say or we will bring democracy to your country” – a reminder of the power of the US dollar in foreign policy.
  • The role of American exceptionalism and the deification of the federal government as a moral cover for foreign crusades.
  • The Spanish American war marked a shift away from the United States’ vision of limited foreign policy and government, leading to conquests of the Philippines and Puerto Rico.
  • The US displaced the British Empire and has been in charge of the global role since the late 19th century, and giving that up would be a great moral defeat for the whole world.
 

Russel Brand: It's Over

Russell Brand...

Summary

Ukraine’s war against Russia is unsustainable, unwinnable, and draining resources, with President Zelinsky’s insistence on total victory being seen as unrealistic, and a diplomatic solution seems more favorable.

  • The conflict between Ukraine and Russia was deemed unwinable from the beginning due to Russia’s status as a nuclear superpower and their high military capacity.
  • There is no realistic aim or plan for regime change in Russia, as the country has a different mentality and a history of war.
  • Going to war with Russia seems untenable, considering their history of winning wars against formidable opponents and their possession of nuclear weapons.
  • The role of independent media becomes significant in providing alternative perspectives and reporting on issues of corruption within Ukraine.
  • The narrative around Ukraine’s war aims is breaking wide open, with Zelinsky’s advisers reconsidering the realism of their goals.
  • The depletion of human life in war, as seen in the case of Ukraine’s conscription policies, raises ethical concerns about the cost of conflict.
  • Corruption in Ukraine’s government is a concern for US and NATO allies, risking billions of dollars disappearing into the pockets of corrupt officials.
  • Zelensky and Ukraine are being exploited, probably to trial weapons and do deals in subsequent rebuilding, while he is used as a celebrity of the day and discarded when the war is no longer useful.

Peter St Onge: Unemployment Rate Jumps!

Wall Street Silver...

Summary

The rising unemployment rate and inflation, combined with government spending, could lead to a potential economic crisis.
  • Unemployment rate jumps to 3.99% from 3.7 in just 4 months, signaling a concerning trend of rising unemployment.
  • Almost 90% of healthcare jobs were low paid health and social assistance workers, not neurosurgeons.
  • Fewer people making stuff means inflation going forward, with more money chasing less stuff.
  • Unemployment rate jumps, contradicting previous positive GDP numbers.
  • Unemployment rate could be between 62 to 72% when adjusted for dropouts, challenging the official numbers.
  • Inflation is rising despite the softening economy, as Congress keeps rolling out more spending bills, potentially leading to stagflation.
 

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