CNN's Fareed Zakaria discusses the US sanctions on the Russian economy and how they could threaten other countries from #CNN #News
Hear Zakaria’s warning to Biden about the economic fight with Russia
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Whoever is reading this, i pray that whatever you’re going through gets better and whatever you’re struggling with or worrying about is going to be fine and that everyone has a fantastic day! Amen
@Bannedone 3ice a mean
@Jonathan Pasch same for me I won a second tick that was a LOOSER…Last time I bought lottery
I hope no air raids today. Hearing explosions in the middle of the night is terrifying. Next rocket might hit us
One of the big lessons from WWII is that the US, and many other nations, waited too long to enter direct conflict. Fortunately, Ukraine is defending its own nation, and Eastern Europe.
@Ryan Elliott Would at least hope Rusky trolls make their lies half believable.
@Ryan Elliott Do you watch Russian 1 TV? or are you are participant on the Propaganda program?
@Ryan Elliott I get that your heroes are copping a thumping. I am sorry about that. Maybe you can mobilize and get your chance to do away with some unarmed civilians. Sure, your bravery does not extend past that?
@Simon Jackson I reckon the Grannies would give him a huge beating.
@Ryan Elliott Can you sight your source on the 400 BILLION BUSINESS? Really interested in that?
Condolences to all the families who lost their loved ones in Ukraine
@Nwaigwe Daniel that sentence makes no sense whatsoever, try to communicate is a coherent way
@Gearóid T m
Mass communication has made our world too small for dominance. We need better economic cooperation in modern times.
@Jill Featherman Its different. U.S is the strongest of the Former Colonial Powers. They didn’t want Europe to have the ability to touch them. The countries of South America just about came around into existence the last 200-300 years.
What gives Russia power over Hungary/Poland/Eastern Germany, and countless other nations? Each nation has its own history, and culture. Many of these nations are 1000 year old. Why should Russia have control over them?
How do you account tor the MAGA movement ? Dis-information is powerfull.
Notice how he says “rules based international order” instead of international law. US has violated international law on multiple occasions, so they have come up with a new term, which is ‘rules based international order’, which is simply a different way of saying: the US creates the rules for the word and everyone must follow it, to create ‘international order’ (order the way the US wants to see it).
As for the price caps: Russia will simply not sell resources to countries that are applying the price cap, which means even more deindustrialization for those countries. A lot of German companies are already moving to the US. US truly stands to benefit from this chaos. And a lot of countries are indeed looking for a way out of the international dollar system, which is a good and moral thing. Countries should free themselves from the dollar, starve the beast.
The problem with Fareed is he only gets 50 – 60 percent of it right most of the time, he left a lot out on how we arrived at this point in time.
@Assertive Karmathen I suggest you never leave your family’s home, I can bet all my $ there are no immigrants or different colors allowed there..
Um, we arrived at this point in time, with respect to the video’s subject, where America is the reserve currency of the world, through 70+ years of the US being the world’s largest economy with a well regulated currency which remains stable while keeping inflation under control. The attractiveness of the dollar as a global reserve currency meant that due to its demand by the central banks of other countries the Federal Reserve has had to order the Mint to print, print, print in order to keep the value of the dollar stable, meaning that the US dollar is also the most plentiful currency now, by far, which makes it even more attractive as a reserve currency. Is that what you wanted Fareed to spell out for you? There was another intelligent post in this thread about the specific consequences of future mass rejection of the US dollar as the global reserve currency, so I’ll refrain from going into that end of the lesson.
As an independent, I’m watching trumpism in a bunch of right-wing extremist candidates.The overturning of Roe v Wade was the last straw for me. Voting this November is going to be easy because the Dems just put up MUCH BETTER candidates.
The problem within is getting wrapped up in emotions, you need to look at what overall policies are best economically and socially and enforce implemention by the elected choice with them understanding they work for the people not the other way around
What that have to du with this video bub
@A. B. Then find better friends 🙂 (sorry I just had to)
Fareed has an agenda, and I typically get an un-American undertone from his reports. A big turnoff. This one included.
Zakaria is right. Economic nationalism and autarkic trading blocks were the key drivers toward war and I believe they still are. This happening with China is the real threat; not Russia.
When putin waged war with Ukraine, he know that the west (US and Europe) was still highly dependent on oil and gas. Had the west done what it was supposed to do in the last 50 years, which was develop a non-fossil/non-nuclear energy infrastructure, we may not have had this war in Ukraine and a severe case of global warming. Now everyone is scrabbling due to the war and global warming.
Funny how no one wants Russian gas now . Had he done nothing then nothing would have changed .
Ace, your analysis is “on the money” and in many ways quite prophetic. People tend to forget that the US was the world leader in alternative fuels technology from 1973 (Arab/OPEC oil crisis) to 2000.
The US government through the Department of Energy and venture capital investments did research in Ethanol(biofuel from corn), nuclear fusion and now next generation fission reactors. Now in 2022 there is renewed interest in small modular reactors (SMR) which are molten salt, fast breeder and thorium reactors. They generate between 300-1000mw, enough to supply energy to a city of 100-200,000 people.
Germany also has poured money into hydrogen energy technology . They also did considered research in synthetic fuels in World War 2
Source: https://en.m.wikipedia.org/wiki/Synthetic_fuel
Germany, since the 2011 Fukushima nuclear reactor disaster in Japan decided to phase out all 17 nuclear power plants. They supplied the country with 60% of it’s energy. The rest came from coal, hydroelectric and wind/solar.
Now Germany was planning to shut down its last three nuclear power stations in December 2022. It provides 13% of it’s total energy needs. The Federal Government in Berlin have to extend its operations due to the burgeoning energy crisis in Europe.
Lastly, Europe has been very slow in pouring money into energy research. The US does it through the Pentagon and the military industrial complex (MIC). Yes they are investigating in nuclear fusion and the results are promising. However, a full scale operating fusion power plant won’t be ready until 2030 at the earliest.tr
Europe has become too dependent on cheap energy (natural gas) from Russia and high priced oil from OPEC+.
Europe’s tilt towards renewable energy ignore the fact that carbon based fuels produce more energy. They are not even trying to look at biofuels or synthetic fuels from different sources. I know that investment in electric cars is a good step in the right direction.
Research in fuel technology is a long term and expensive endeavour. Perhaps the move to electric cars, trucks and aircraft is inevitable. My concern is that Lithium batteries/production of it is toxic to the environment and alternative designs should be thoroughly investigated.
does Tesla make electronic fighter jets
Absolutely nothing wrong with nuclear energy.
If you think that renewable energy is ‘the day after tomorrow’, just realise that the climate and environment crises both have a timescale of ‘tomorrow’. It is not possible to keep on doing what we’ve always done in terms of energy and economy, and still expect that there will be an environment to support human life. More fossil fuel dependency and continued human existence are mutually exclusive items.
Funny how people can be “distinguished experts” despite consistently being wrong.
“Magically thinking about the energy of tomorrow, renewables . Which will really come the day after tomorrow” A true statement. Except for the fact that fossil fuels companies will do anything in their power to make it a year after tomorrow, or longer.
Exactly. For example, there are some brilliant technologies using solar power in Spain, but take up in Spain and elsewhere has been very slow. Also in Spain about 12 years ago, it was viable for houses and blocks of apartments to have PV panel, and via SMART meters, feed surplus power to the grid. The main electric company persuaded the gvt to allow them to put a 1,400 euro annual connect fee on this (called something like the ‘sun tax’), making it uneconomic for individuals. The gvt minister who allowed this left the gvt a few months later for a board post on the electric company.
Germany can meet summertime peak demand w 100% green energy so looks like tomorrow is here
Once again, Fareed cherry picks his facts and history to twist the narrative into whatever he wants it to be. Good job.
Biden through Blinken, has been making efforts to reassure countries all around the world that it would not use its far reaching economic power via the Dollar to cripple them as it is trying to do in Russia. But at the same time Indonesia was threatened with secondary sanctions if it bought Russian oil. Indonesia off course backed down, even though it was in the best interest of their people to buy cheap Russian oil. So when given a choice between acting in your own best interest or that of the United States the United States expects a sovereign country to act in the best interests of the United States. This war will weaken Russia but its fatal to the United States in the long run.
This is what it’s all about; maintaining that “exorbitant privilege”. The world has had enough of American hegemony that is sucking the life out of everyone in exchange for green paper.
You should have convinced Putin not to invade Ukraine. So many of these arguments against US led interventions ignore the fundamental reason for them in the first place. Furthermore, Russia’s defense industry is severely crippled and will get only weaker as export controls continue.
Didn’t know common sense still remains at CNN. Great monologue Fareed, thanks
It is a wake up call to all countries to be self sufficient in many aspects..
The real problem is ever since industrial revolution, humans denied to face that fossil fuel will one day be depleted eventually, as well as how the emission erodes this planet. And of course, certain autocracy regimes take advantage of it for decades.