Yanis Varoufakis

…the Gulf States. I'm going to tell you what my interpretation is. What's happening is that Scott Besant is absolutely panicking about the financial circuits of Wall Street. This is an indication. It's simply a symbolic gesture, the swap line that he proposed, effectively telling people like himself, because remember, Scott Besant is a very accomplished poacher that has turned gamekeeper. He made a lot of money out of betting against governments together with Joe Soros. They broke the Bank of England. He knows how that pack of wolves in the markets work. He's absolutely terrified that they're about to move in against the bond market and against the stock markets of the United States. Why is he worried about that? As I said, the $20 billion, he knows that it is not worth speaking of in terms of the size of the swap line. It's symbolic. Effectively, he's saying, "I'm here and I'm going to bail America out, the American financial markets. Not a bailout of the Gulf States." Let me explain that. The period between 1944, that's the Bretton Woods Conference, and today I break it down into three main time frames. The first one is the Bretton Woods period between…From: this video · 3 claims mined from it

…That's $1,800 billion. Plus, Saudi Arabia, together with the UAE, had pledged to buy weaponry from the American military industrial complex of about $1 trillion. Remember the US military budget used to be about $1 trillion, that's going to go up to $1.5 trillion, and another $1 trillion would come from the Gulf States. And that would have been spent within 2026, early 2027. Together, we're talking about nearly $3 trillion that was about to flow towards it from the Gulf States. That's gone. And it's gone because the Gulf States have lost their liquidity. They're not selling enough oil, but it's not just oil. Dubai has diversified from oil to a very large extent. They are into the business of trading gold. Most of Indian gold is being traded through Dubai. Hotels, I mean, it's a huge tourist business. They are running at 10% of their capacity. 20% of the rooms are empty. They've got, as I said before, they've got something like almost $6 trillion worth of American dollars, but that's a stock. It's a stock of dollars, right? It's not a flow.…From: this video · 3 claims mined from it

…invest $1.8 trillion in the next 18 months, that is before the end of 2027, in AI and other businesses in the United States. That's $1,800 billion. Plus, Saudi Arabia, together with the UAE, had pledged to buy weaponry from the American military industrial complex of about $1 trillion. Remember the US military budget used to be about $1 trillion, now it's going to go up to $1.5 trillion, and now the trillion would come from the Gulf States. And that would have been spent within 2026, early 2027. Together, we're talking about nearly $3 trillion that was about to flow to Wall Street from the Gulf States. That's gone. And it's gone because the Gulf States have lost their liquidity. They're not selling enough oil, but it's not just oil. Dubai has diversified from oil to a very large extent. They are into the business of trading gold. Most of Indian gold is being traded through Dubai. Hotels, I mean, it's a huge tourist business. They are running at 10% of their capacity. 20% of the rooms are…From: this video · 3 claims mined from it