s. treasury's power is, is enormous. and that of a, of an individual freelance journalist is microscopic. but some of them are so frightened, they're unwilling even to give interviews like this one. so you know, so this is what it's showing effect means they're, they're unwilling to write and they're unwilling even to talk about why they, why they're too afraid to write a threat to make up part of a targeted sanctions campaign announced by the treasury secretary in april treasury will target russian leaders, officials intelligence services and their proxies that attempt to interfere in the us electro process or of bertie as democracy. this is the start of a new us campaign against russian line behavior. the us government claims the strategic culture foundation is controlled by russia's foreign intelligence agency, the s b r. and that is also linked to the russian foreign ministry of the foundation denies this and called itself a research platform on duration global affairs. we've contacted the see to get a further respon

the us treasury is power is, is, is enormous. and that of a, of an individual freelance journalist, as you know, was microscopic. but some of them are so frightened, they're unwilling even to give interviews like this one. so you know, so this is what it's showing effect means they're, they're unwilling to write and they're unwilling even to talk about why they, why they're too afraid to write all the threats makeup part of a targeted sanctions campaign announced by the treasury secretary in april, treasury will target russian leaders, officials intelligence services and their proxies that attempt to interfere in the us electro process or so bertie as democracy. this is the start of a new us campaign against russian line behavior. the us government claims that the strategic culture foundation is controlled by rushes forward intelligence agency, the s b r, and that is also linked to the russian foreign ministry or foundation denies this course itself. a research platform on the ration global affairs. we've contacted the cf to get

the us treasury is power is, is, is enormous. and that of a, of an individual freelance journalist is microscopic. but some of them are so frightened, they're unwilling even to give interviews like this one. so you know, so this is what it's showing effect means they're, they're unwilling to write and they're unwilling even to talk about why they, why they're too afraid to write a threat to make up a part of a targeted sanctions campaign announced by the treasury secretary in april treasury will target russian leaders, officials intelligence services and their proxies that attempt to interfere in the us electro process or so bertie has democracy. this is the start of a new us campaign against russian line behavior. the u. s. government claims that the strategic culture foundation is controlled by russians. foreign intelligence agency, the s b r, and that is also linked to the russian foreign ministry. the foundation denies this and called itself a research platform on your asian global affairs that we contacted the see to get a f

and i spy the treasury secretary, back in april treasury will target russian leaders, officials intelligence services and their proxies that attempt to interfere in the us electro process or so bertie has democracy. this is the start of a new u. s. campaign against russian maligned behavior. the u. s. government claims the strategic culture foundation is controlled by russia's foreign intelligence agency vs v r, and that is also linked to the russian foreign ministry foundation denies this and calls itself a research platform or near asian global affairs. we've contacted the s c f to get a further response. the claims i'm waiting to hear back from the us treasury to let you know when we get an answer. daniel is our again, no, says a dangerous precedent has been set. i think of the that the at the se, ask the foundation hosts honest journalism, even though i don't, don't agree with much of it, this is, this is serious work by serious journalists. and that is a supporter of a free speech and a free press. i believe that readers should have access to this kind of stuff and, and yet if the u. s.

held treasuries or near treasuries that held back securities issued by freddie mac and fannie mae. one of the biggest jobs was to ensure that these were safe investments so it is all the big players around the world. that time there was an interesting incident at the time. russia actually called china and said something along the lines of why don't we don't all of the debt that we have on the market at once and it will really amplify the crisis brewing, the economic crisis that's unfolding in the united states. china declined and i think that the chinese wisely thought that if the us falls, so the day but there's such big holders that they have a stake in our nondefaulting and not dealing with things. so we kind of all in this together. there's a saying if the bank lends you a dollar or i'm sorry, but thousand dollars in the bank owns real but if the bank lends you 1million you on the back . it's the fact is our faith and their fate are tied when so many people hold our debt. >> next is martha was pulling from georgia on the independent line. >> caller: have we ever been out of deb

part of a targeted sanctions campaign announced by the treasury secretary, back in april, treasury will target russian leaders, officials intelligence services and their proxies that attempt to interfere in the us electro process or so bertie has democracy. this is the start of a new us campaign against russian line behavior. so the u. s. government claims has fatiguing culture. foundation is in fact controlled by russia's foreign intelligence agency. the s we are that is also linked to the russian foreign ministry. the foundation denies it and calls itself research platform about you ration, global affairs. and of we contacted the c s to get the further response to the claims and we're waiting to hear about 2 from the us treasury as when they do, we'll let you know what they had to say. johnny lazar told this in his view, a dangerous precedent has been set. i think of the that the at the s c f, the foundation hosts honest journalism. even though out i don't, i don't agree with much of it. this is, this is serious work by serious journalists and that as a supporter of a free speech in a

the us treasury is power is, is, is enormous. and that of a, of an individual freelance journalist is, you know, microscopic but some of them are so frightened, they're unwilling even to give interviews like this one. so you know, so this is what it's showing effect means they're, they're unwilling to write and they're unwilling even to talk about why they, why they're too afraid to write the threats. the makeup part of a targeted sanctions campaign that was announced by the treasury secretary back in april treasury will target russian leaders, officials intelligence services and their proxies that attempt to interfere in the us electro process or so bertie has democracy. this is the start of a new u. s. campaign against russian line behavior. while the u. s. government claims that the strategic culture foundation is controlled by russia's foreign intelligence agency, the s t v r, and that it's also linked to the russian foreign ministry. the foundation denies this 7 course itself, research platform on your asian global affairs.

the us treasury is power is, is, is enormous. and that of a, of an individual freelance journalist is microscopic. but some of them are so frightened, they're unwilling even to give interviews like this one. so you know, so this is what it's showing effect means they're, they're unwilling to write and they're unwilling even to talk about why they, why they're too afraid to write of a threat to make a part of a targeted sanctions. campaign announced by the treasury secretary in april. treasury will targets russian leaders, officials intelligence services, and their proxies that attempt to interfere in the us electro process or so bertie has democracy. this is the start of a new u. s. campaign against russian maligned behavior. the us government claims the strategic culture foundation is controlled by brushes, foreign intelligence agency, the f b r, and that is also linked to the russian foreign ministry. the foundation denies this and calls itself a research platform. on the ration global affairs, we've contacted the c f to get a

the us treasury is power is, is, is enormous. and that of a, of an individual freelance journalist is, you know, was microscopic, but some of them are so frightened, they're unwilling even to give interviews like this one. so you know, so this is what it's showing effect means they're, they're unwilling to write and they're unwilling even to talk about why they, why they're too afraid to write the threats make up part of a targeted sanctions campaign announced by the treasury secretary back in april treasury will target russian leaders, officials intelligence services and their proxies that attempt to interfere in the us electro process or so bertie has democracy. this is the start of a new u. s. campaign against russian line behavior. the u. s. government claims the strategic culture foundation is controlled by russia's foreign intelligence agency, the s v r, and that it is also linked to the russian foreign ministry. the foundation, however, denies these claims and calls itself a research platform on your asian global affairs.

the treasury and rishi _ system as well. the treasury and rishi sunak _ system as well. the treasury and rishi sunak would - system as well. the treasury and rishi sunak would be - system as well. the treasury l and rishi sunak would be quick to respond to that and say look, we do have measures in —— in place currently that help hospitality reduce their 80 rates, extensions on business loans and repayments, put back et cetera, and those kind of measures, what else is required?— measures, what else is reuuired? v a' ., required? let's take what the treasury is — required? let's take what the treasury is saying, _ required? let's take what the treasury is saying, let's - required? let's take what the treasury is saying, let's take | treasury is saying, let's take the three particular supports they say is available. reduce they say is available. reduce the 80 rates, that's great, but if no—one is coming to the door that doesn't really help you having a lower sales tax. there are some rates relief but you still have to pay a third. finally, £250 million lockdown g

his story. us treasury powers is enormous. that of the individual freelance journalist, i was microscopic on that some of them are so friday, they're unwilling even to give interviews like this one. and the number of countries registering the new on the chrome strain of co with more than doubles to 57 since last week. the w h o talks to r t about the threat a post. i'm really hopeful the 1st to go, the extractions will work reasonably well. and secondly, that this doesn't prove to be a much nasty virus than the earliest trained. ah . hello, good afternoon, just gone to o'clock here in the russian capital you're watching artie international now over a 100 nations will take part in a to ma chrissy. so miss over the next 2 days hosted by the u. s. president j biden . and america is setting the bar, dividing the world into who it thinks, all the good and the bad. something though, that china says it has no moral right to do. may find out that you don't watch out the u. s. claims to be a champion of democracy and human rights, but

s. treasury's power is, is enormous. and that of a, of an individual freelance journalist is always microscopic. but some of them are so frightened, they're unwilling even to give interviews like this one. so you know, so this is what it's showing effect means they're, they're unwilling to write and they're unwilling even to talk about why they, why they're too afraid to write with threats may come part of a targeted sanctions campaign announced by the treasury secretary in april, treasury will target russian leaders, officials intelligence services and their proxies that attempt to interfere in the us electro process or so bertie has democracy. this is the start of a new u. s. campaign against russian malign behavior. the u. s. government claims the strategic culture foundation is controlled by russians, foreign intelligence agency, the f, b r, and then it's also linked to the russian foreign ministry. the foundation denies this though, and calls itself a research platform on the ration global affairs. we've contacted t

secretary at the time was to reassure all these foreignnm governments who had treasuries or near treasuries they had more securities issued by freddie. >> and fannie mae. one of that major jobs of the treasury secretary at the time was to show these were safe investments. it is all the big players around the world. at that time there's an interesting incident at the time. russia actuallyal called china and said something along the lines of why don't we dump all of the debt we have on the market and will really amplify the crisis brewing the economic crisis that is unfolding in the united states. china declined. i think the chinese wisely thought the u.s. evolves so will they. there's such a big holders they have a stake in are not doing some good things. we are kind of all in this together there's a saying bank i'm sorry if the bank lends you a million, you own the bank. the fact is, our fate and their fate are tied when so many people hold our debt. >> next up is martha who's calling from georgia on the independent line. >> have we ever? been out of debt? i was so shocked when you told me

and i, it's by the treasury secretary back in april, treasury will target russian leaders, officials intelligence services and their proxies that attempt to interfere in the west electro process or so bertie has democracy. this is the start of a new u. s. campaign against russia malign behavior. the u. s. government claims the strategic culture foundation is controlled by russia's foreign intelligence agency, the s t v. and that is also linked to the russian foreign ministry. the foundation denies this, and course itself. a research platform on your asian global affairs. we've contacted the s c f to get a further response to the claims and we're also waiting to hear back from us treasury and we'll let you know when we get an answer from them. daniel is, meanwhile, says a dangerous precedent has been said. i think of the that the at the s c f, the foundation hosts honest journalism. even though out i don't, don't agree with much of it. this is, this is serious work by serious. ready journalists, and that is a supporter of a free speech and a free press. i believe that readers should h

you are the treasury secretary, i am not. you are entitled to your opinion. i still think that because of the honesty and reporting necessary, it would be honest to say, and cbo does not concur because it is important to tell people by and large the truth. the truth is we would be adding 87,000 net new employees to the department seven and a half years to materialize. >> how many agents, i apologize and i've exceeded my time i will provide in writing a request to you, and i want to thank the gentlewoman, the chairwoman for the time. thank you. >> thank you very much. the gentlewoman from new york is now recognized for five minutes. thank you madam chair and to secretary yellen and chair powell for being here with us today. one of the things i want to focus on is with the treasury and federal reserve and their role in that. of the united states just returned and glascow and where the participating nations a agree to the benchmark as acknowledged by the paris agreements. the financial stability oversight released a report that climate change to the financial sy

part of a targeted sanctions campaign announced by the treasury secretary in april. treasury will target russian leaders, officials intelligence services and their proxies that attempt to interfere in the us electro process or subvert. he has democracy. this is the start of a new us campaign against russian line behavior. the u. s. government claims the strategic culture foundation is controlled by russians, a foreign intelligence agency, the s t v r, and that it's also linked to the russian foreign ministry. the foundation denies this and calls itself a research platform on your ration global affairs where we've contacted the see to get a further response to the claims. we also waiting to hear back from the us treasury to, well let you know if we get an answer daniela's that says that a dangerous precedent has already been set. i think that the, that the at the s e s. the foundation hosts honest journalism. even though out i don't, i don't agree with much of it. this is, this is serious work by serious journalists. and that as a supporter of a free speech in a free press, i believe that

well, countries don't want to say even the form of lending money to the us treasury and getting treasury bonds. the united states doesn't like the holders of their holdings or fries more. and in any case, there is no way that the dollars us debt every going to be repaid or something that everybody's already used to dealing with. and so i do expect that china, russia, the shanghai cooperation organization and other countries are going to realize that if you're not going to hold dollars, if you're going to be dollar rise, then gold is the path of least resistance because it's familiar. so the folks who are behind super imperialism, the u. s. dollar lead global hegemony. they don't like for people or for countries to have excess savings. right? only if they invest their savings in treasury bonds or do what the opec countries are, they, they would send their oil earnings by buying us stocks. us funds, or when japan had a savings before the plaza court, spend all of money on real estate. but when like rockefeller center, they lost the $1000000000.00 or across the stove or so. so the question

the us treasury is power is, is, is enormous. and that of a, of an individual freelance journalist is microscopic that some of them are so frightened, they're unwilling even to give interviews like this one. so you know, so this is what it's showing effect means they're, they're unwilling to write and they're unwilling even to talk about why they, why they're too afraid to write well, the threat to make up part of a targeted sanctions campaign announced by the treasury secretary back in april, treasury will target russian leaders, officials intelligence services and their proxies that attempt to interfere in the us electro process or so bertie as democracy. this is the start of a new us campaign against russian line behavior, where the u. s. government claims the strategic culture foundation is controlled by russia's foreign intelligence agency, the s p r, and it's also linked to the russian foreign ministry. the foundation denies this so and calls itself a research platform on your asian global affairs. we've contact the cf to g

how have you empowered the treasury's first counselor for the racial equity to diversify the treasury departments. this is something i've raised with you several times, and i can understand what her first goals will be. w what are the immediate goals for the racial -- >> briefly, she's empowered to review and look for ways to enhance not only the internal hiring and diversity efforts within treasury, but also to review the programs that we conduct, whether it's the emergency programs that were authorized by the arp or the tax code in the way that it's administered more broadly. we've asked her to undertake the review of ways in which these programs can be changed or they may have unintended negative consequences on diversity or minority communities, and we are asking her to look for ways to improve what we do both internally at the treasury and with respect to the many programs we conduct. >> i look forward to seeing the effects of her work. thank you. >> senator telus is recognized from his office perhaps. he may have turned his camera off. senator kennedy from louisiana is recognize

and that's for the treasury secretary back in april, treasury will target russian leaders, officials intelligence services and their proxies that attempt to interfere in the us electro process or so bertie has democracy. this is the start of a new us campaign against russian line behavior. the u. s. government claims, as a teacher culture foundation is in fact control, but russia's foreign intelligence agency, the s, and it's also linked to the russian foreign ministry. the foundation denies it and calls itself a research platform about eurasian global affairs. we contacted the see if to get a further response to the claims, not heard back at all from the us treasury when we do will tell you. but tanya, listen, says the dangerous president in his view has been set. i think of the that the at the se, ask the foundation hosts honest journalism. even though i don't, i don't, don't agree with much of it. this is, this is serious work by serious journalists. and that as a supporter of a free speech in a free press, i believe that readers should have access to this. ready kind of stuff and

and treasury reckoning over the next decade. and beyond that, it puts in place investments that will continue to bring down deficits. and finally, i'd say it will improve the supply side of the economy, which is in the long run a factor that will tend to mitigate ongoing inflationary pressures. mr. gooden: thank you. chairman powell, would you agree with that analysis, that this increased spending, these multiple trillions of dollars over the years, will that get us to a point at the end of next year where you see inflation reducing? chair powell: sorry. we really don't comment on existing legislation. it's kind of -- it's kind of out of bounds for us. this is what the c.b.o. will do, they'll make an estimate. mr. gooden: just to confirm your discussion with congressman zeldin. the inflationary numbers are anticipated to perhaps reduce at the end of next year, that's based on this multitrillion -- this build back better passing? chair powell: we have to see the final bill and how much of it is paid for. you got to look at the sp

part of a targeted sanctions campaign announced by the treasury secretary back in april. treasury will targets russian leaders, officials intelligence services, and their proxies that attempt to interfere in the us electro process or so bertie has democracy. this is the start of a new u. s. campaign against russian line behavior. u. s. government claims, the strategic culture foundation is in fact control, but russia's foreign intelligence agency, the s b, and it's also linked to the russian foreign ministry. well, the foundation denies this on calls itself a research platform about you raising global affairs. we contacted the s c f to get a further response to the claims and we're waiting to hear back from the us treasury to we'll let you know what they've got to say. but daniel is told us a dangerous precedent in his view as being set. i think that the that the at the s c f, the foundation hosts honest journalism. even though i don't, i don't agree with much of it. this is, this is serious work by serious. ready journalists, and that is a supporter of a free speech and a free press.

as part of the targeted sanctions campaign announced by the treasury secretary back in april. treasury will target russian leaders, officials intelligence services and their proxies that attempt to interfere in the us electro process or so bertie has democracy. this is the start of a new u. s. campaign against russian maligned behavior. the u. s. government claims that strategic culture foundation is controlled by russia's foreign intelligence agency, the f b r, about it's also linked to the russian foreign ministry. although the s c f, the scribe itself, fencer research platform on your region, global offers. we've asked them for their response to the allegations and we've also reached out to the us treasury for comments. we'll let you know when we get a response or we can welcome live onto the program. not done. the lazara. daniel, as we mentioned, is one of the journalists contacted by the treasury. he joins us from new york. thanks for taking the time to speak to us on this. daniel, can you indeed tick us through? what happened? what was your reaction when you got that letter? well

the us treasury is power is, is, is enormous. and that of a, of an individual freelance journalist, as you know, was microscopic that some of them are so frightened, they're unwilling even to give interviews like this one. so you know, so this is what it's showing effect means they're, they're unwilling to write and they're unwilling even to talk about why they, why they're too afraid to write. well, the threats make up part of a targeted sanctions campaign announced by the treasury secretary back in april treasury will target russian leaders, officials intelligence services and their proxies that attempt to interfere in the us electro process or so bertie has democracy. this is the start of a new u. s. campaign against russian line behavior. the u. s. government claims the strategic culture foundation is controlled by russia's foreign intelligence agency, the s v r about. it's also linked to the russian foreign ministry. another foundation, the nice that describes itself as a research platform on your asian global. the 1st we've

the us treasury is power is, is, is enormous. and that of a, of an individual freelance journalist is microscopic. but some of them are so frightened, they're unwilling even to give interviews like this one. so you know, so this is what it's showing effect means they're, they're unwilling to write and they're unwilling even to talk about why they, why they're too afraid to write the threats and make up part of a targeted sanctions campaign announced by the treasury secretary back in april treasury will targets russian leaders, officials intelligence services, and their proxies that attempt to interfere in the us electro process or of bertie as democracy. this is the start of a new u. s. campaign against russian malign behavior. the u. s. government claims the strategic culture foundation is controlled by russia's foreign intelligence agency, the s v r, and that is also linked to the russian foreign ministry. foundation, however, denies these claims and calls itself and research platform on your asian global affairs. we have reach

the us treasury is power is, is, is enormous. and that of a, of an individual freelance journalist is microscopic. but some of them are so frightened, they're unwilling even to give interviews like this one. so you know, so this is what it's showing effect means they're, they're unwilling to write and they're unwilling even to talk about why they, why they're too afraid to write all the threats to make a part of a targeted sanctions campaign and names by the treasury secretary back in april, treasury will target russian leaders, officials intelligence services and their proxies that attempt to interfere in the us electro process or so bertie has democracy. this is the start of a new u. s. campaign against russian maligned behavior. while the u. s. government does claim that the strategic culture foundation is controlled by russia's foreign intelligence agency, the s p r, and that is also linked to the russian foreign ministry. the foundation denies this course itself. a research platform on your asian global affairs, where we hav

and getting treasury bonds. the united states that, that doesn't like the holders out there, holdings or fries more. and in any case, there is no way that the dollars of us are going to be repaid, though there's something that everybody's already used to dealing with. and so i do expect that china, russia, the shanghai cooperation organization and other countries are going to realize that if you're not going to hold dollars, if you're going to be dollar arise, then bowl is the path of least resistance because it's familiar. so the folks who are behind super imperialism, the u. s. dollar lead global hegemony. they don't like for people or for countries to have excess savings, right? only if they invest their savings in treasury bonds or do what other countries are they, they would send their oil an earnings by buying us backs us funds, or when japan had a savings before the plaza or spend all of money on real estate. but when like rockefeller center, they lost the $1000000000.00 or across the stove or so. so the

the us treasury is power is, is, is enormous. and that of a, of an individual freelance journalist is microscopic. but some of them are so frightened, they're unwilling even to give interviews like this one. so you know, so this is what it's showing effect means they're, they're unwilling to write and they're unwilling even to talk about why they, why they're too afraid to write the threats to make a part of a targeted sanctions. campaign announced by the treasury secretary back in april, treasury will target russian leaders, officials intelligence services and their proxies that attempt to interfere in the us electro process or so bertie has democracy. this is the start of a new u. s. campaign against russian line behavior. the u. s. government claims the strategic culture foundation is controlled by russia's foreign intelligence agency, the s b r, and that it is also linked to the russian foreign ministry. foundation, however, denies the claims and calls itself a research platform on your asian global affairs. we've reached out

how have you empowered the treasuries first counselor for racial equity to diversify the treasury department, something i've raised with you several times. i like to understand what the goals were, what are the immediate goals. sec. yellen: she is empowered to review and look for ways to enhance not only our internal hiring and diversity efforts, but also to review the programs we have whether it's the emergency programs by the arp or tax codes and the way it's administered more broadly. we faster to undertake a review of ways in which these programs can be changed. they may have unintended negative consequences on diversity or on minority communities. we are asking to look for ways to improve what we do with internally in treasury and with respect to the many programs we conduct. sen. menendez: thank you mr. chairman. >> senator tillis is recognized from his office perhaps. he may have turned his camera off. senator kennedy is recognized. sen. kennedy: mr. chairman want to start with you. i understand owen is clairvoyant , but i think it's fair to say the experts who have been advising you

many part of a targeted sanctions campaign announced by the treasury secretary back in april treasury will target russian leaders, officials intelligence services and their proxies that attempt to interfere in the us electro process or so bertie has democracy. this is the start of a new u. s. campaign against russian line behavior. while u. s. government claim strategic culture foundation is in fact controlled by russia's foreign intelligence agency, the c r and that is also linked to the russian foreign ministry. the foundation that denies that and calls itself a research platform about eurasian global affairs. we contacted the see to get a further response to the claims and also waiting to hear back from the us treasury to nothing back yet as and when they do will let you know. but donnie lazar again says in his, you, a dangerous precedent has been set. i think of the that the at the s c f, the foundation hosts honest journalism. even though i don't, i don't, don't agree with much of it. this is, this is serious work by serious journalists, and that is a supporter of a free speech a

i had a job at the treasury to go to in 1988 and - treasury to go to in 1988 and deferred it because i went to harvard for two years and they worked there for the summer and 89 with nigel as chancellor and i was studying in harvard and we were studying in harvard and we were studying central—bank independence in the case for it and how you could do it differently and for years at the financial times writing about it. a pamphlet in 92 book about how you could do it in a neighbour away and the gordon brown five years before we did so and the intensity of the preparation was quite something. of the preparation was quite something-— of the preparation was quite somethint. . ., , something. was it ever is good atain? i something. was it ever is good again? i look— something. was it ever is good again? i look back _ something. was it ever is good again? i look back sometimes l something. was it ever is good l again? i look back sometimes at majorjournalistic again? i look back sometimes at major journalistic career again? i look back sometimes at majorjournalistic career in the first

and that's by the treasury secretary back in april, treasury will target russian leaders, officials intelligence services, and their proxies that attempt to interfere in the us electro process or so bertie has democracy. this is the start of a new us campaign against russian line behavior. while the u. s. government claims they strategic culture foundation is in fact, controlled by russia's foreign intelligence agency, the c r. that is also linked to the russian foreign ministry. the foundations denied that and called itself a research platform about eurasian global affairs. we contacted the s c f to get further response, more back story and we're also waiting to hear back from the us treasury to ask them when they do, we'll let you know what they had to say. but daniel is telling us a dangerous precedent in his view has been set. i think of the that the at the s c f, the foundation hosts honest journalism. even though out i don't, don't agree with much of it. this is, this is serious work by serious. ready journalists and that as a supporter of a free speech and a free press, i believe that rea

well, countries don't want to save in the form of lending money to the us treasury and getting treasury bonds. the united states that, that doesn't like the whole, there's no way out there holdings or fries more. and in any case, there is no way that the dollars of us are going to be repaid. gold is something that everybody's already used to dealing with. and so i do expect that china, russia, the shanghai cooperation organization and other countries are going to realize that if you're not going to hold dollars, if you're going to be dollar arise, then gold is the path of least resistance because it's familiar. so the folks who are behind super imperialism, the u. s. dollar lead global hegemony. they don't like for people or for countries to have excess saving the opec countries they, they would send their earnings by buying u. s. u s. bonds, or when japan had it savings before the plaza or spend all the money? oh, real estate. when like rockefeller center, they lost the $1000000000.00 or across the stove or so. so the question that they don't want other countries, they have savings tha

well, countries don't want to save in the form of lending money to the us treasury and getting treasury bonds. the united states doesn't like the holders out there, holdings or fries more. and in any case, there is no way that the dollars of us ever going to be repaid or something that everybody's already used to dealing with. and so i do expect that china, russia, the shanghai cooperation organization and other countries are going to realize that if you're not going to hold dollars, if you're going to be dollar arise, then gold is the path of least resistance because it's familiar. so the folks who are behind super imperialism, the u. s. dollar lead global hegemony. they don't like for people or for countries to have excess savings, right? only if they invest their savings in treasury bonds or do what the opec countries are, they, they would send their oil earnings by buying us stocks. us funds, or when japan had a savings before the plaza court, spend all of money on real estate. but when like rockefeller center, they lost the $1000000000.00 or across the stove or so. so the question

well, countries don't want to say even the form of lending money to the us treasury and getting treasury bonds. the united states doesn't like the holders out there, holdings or fries more. and in any case, there is no way that the dollars of us that are going to be repaid or something that everybody's already used to dealing with. and so i do expect that china, russia, the shanghai cooperation organization and other countries are going to realize that if you're not going to hold dollars, if you're going to be dollar rise, then gold is the path of least resistance because it's familiar. so the folks who are behind super imperialism, the u. s. dollar lead global hegemony. they don't like for people or for countries to have excess savings. right? only if they invest their savings in treasury bonds or do what the opec countries are, they, they would send their oil earnings by buying us stocks. us funds, or when japan had a savings before the plaza court, spend all of money on real estate. but when like rockefeller center, they lost the $1000000000.00 or across the stove or so. so the questi

the us treasury is power is, is, is enormous. and that of a, of an individual freelance journalist is microscopic. but some of them are so frightened, they're unwilling even to give interviews like this one. so you know, so this is what it's showing effect means they're, they're unwilling to write and they're unwilling even to talk about why they, why they're too afraid to write the threats make up part of a targeted sanctions campaign announced by the treasury secretary back in april treasury will target russian leaders, officials intelligence services and their proxies that attempt to interfere in the us electro process or so bertie has democracy. this is the start of a new u. s. campaign against russian line behavior. no longer a beacon of democracy and perhaps never was a major international poll reveals startling, talks about a good american image abroad, especially as most countries questioned are taking part in a democracy summit hosted by the united states. i think of the that the at the s c f, the foundation hosts honest

this hearing is entitled oversight of the treasury department and federal reserve's pandemic response. i now recognize myself for four minutes to give an opening statement. welcome back, secretary and chair powell as this pandemic continues, the biden administration and congressional democrats remain hard at work to provide protections and essential relief to individuals, families and small businesses across the country. the emergence of the new variant shows us that this crisis is not over and we must remain vigilant to protect our country and our families from the devastation of covid-19. since democrats have been in power we have delivered for the american public democrats provided mental relief for struggling renters, provided 70,000 vouchers to address homelessness, provided support to state and local governments and help to the nation's restaurants. democrats have businesses reopened, prioritized vaccines, distribution and because of this work, 74.5% of the individuals five years and older have received at least one shot. in fact this thanksgiving was the first time since the pa

the us treasury is power is, is, is enormous. and that of a, of an individual freelance journalist is microscopic. but some of them are so frightened, they're unwilling even to give interviews like this one. so you know, so this is what it's showing effect means they're, they're unwilling to write and they're unwilling even to talk about why they, why they're too afraid to write the threats make up part of the targeted sanctions campaign announced by the treasury secretary back in april treasury will target russian leaders, officials intelligence services and their proxies that attempt to interfere in the us electro process or subvert. he has democracy. this is the start of a new us campaign against russian line behavior. u. s. government claims the strategic culture fund is controlled by russia's foreign intelligence agency, the f b r, and that it's also linked to the russian foreign ministry. foundation, however, denies the claims and calls itself a research platform on your asian global affairs. we have reached out to the f, c

first. businesses, the treasury has now announced financial support. , we businesses, the treasury has now announced financial support. , we are businesses, the treasury has now announced financial support. , we are announcin: businesses, the treasury has now announced financial support. , we are announcin: £1 businesses, the treasury has now announced financial support. , we are announcin: £1 billion businesses, the treasury has now announced financial support. , we are announcin: £1 billion in we are announcing £1 billion in financial grant support, which means eligible hospitality companies will be able to claim a cash grant up to £6,000. second, we are providing £30 million to top up our successful cultural recovery fund, to support institutions like theatres and museums. and lastly, we are reintroducing our statutory sick pay scheme so that small and medium—size countries can claim compensation from the government for the cost of sick pay for their employees. it’s a sick pay for their employees. it's a cenerous sick pay for their employees. it's a generous package _ sick

well, countries don't want to save in the form of lending money to the us treasury and getting treasury bonds. the united states that, that doesn't like the holders out there, holdings or fries more. and in any case, there is no way that the dollars of us are going to be repaid. gold is something that everybody's already used to dealing with. and so i do expect that china, russia, shanghai cooperation organization and other countries are going to realize that if you're not going to hold dollars, if you're going to be dollar arise, then bowl is the path of least resistance because it's familiar. so the folks who are behind super imperialism, the u. s. dollar lead global hegemony. they don't like for people or for countries to have excess savings, right? only if they invest their savings in treasury bonds or do what other countries are they, they would send their oil an earnings by buying us backs us funds, or when japan had a savings before the plaza or spend all of money on real estate. but when like rockefeller center, they lost the $1000000000.00 or across the stove or so. so the ques

while up—to—date's treasury announcement is a welcome _ up—to—date's treasury announcement is a welcome acknowledgement of the crisis businesses face, it doesn't io crisis businesses face, it doesn't go far— crisis businesses face, it doesn't go far enough and we will therefore continue _ go far enough and we will therefore continue to— go far enough and we will therefore continue to press the uk government to take _ continue to press the uk government to take the _ continue to press the uk government to take the threat of omicron was seriously— to take the threat of omicron was seriously and to act accordingly. but in _ seriously and to act accordingly. but in the — seriously and to act accordingly. but in the meantime we will and live up but in the meantime we will and live up -- _ but in the meantime we will and live up -- we _ but in the meantime we will and live up -- we will, — but in the meantime we will and live up —— we will, indeed we must, live up up —— we will, indeed we must, live up to— up —— we will, indeed we must, live up to our— up —— we w

the us treasury is power is, is, is enormous. and that of a, of an individual freelance journalist as you know, microscopic that some of them are so frightened, they're unwilling even to give interviews like this one. so, you know, so this is what it's shilling. effect means they're, they're unwilling to write and they're unwilling even to talk about why they, why they're too afraid to write. well, the threats, the makeup part of a targeted sanctions campaign that was announced by the treasury secretary back in april treasury will target russian leaders, officials intelligence services and their proxies that attempt to interfere in the us electro process or so bertie has democracy. this is the start of a new us campaign against russian line behavior. the u. s. government claims the staging culture foundation is in fact controlled by russia's foreign intelligence agency, the s p r, and that is also linked to the russian foreign ministry. the foundation though denies this and course itself, research platform a back she ration globa

oh, part of a targeted sanctions campaign announced by the treasury secretary back in april, treasury will target russian leaders, officials intelligence services, and their proxies. that attempt to interfere in the us electro process or so bertie has democracy. this is the start of a new u. s. campaign against russian maligned behavior. well, the u. s. government claims the strategic culture foundation is in fact controlled by russians for the intelligence agency. the s and that it's also linked to the russian foreign ministry. the foundation denies this and calls itself a research platform about your asian global affairs. but daniel is, so it's a dangerous presidents already been set. i think of the that the at the s c f, the foundation hosts honest journalism. even though out i don't, i don't agree with much of it. this is, this is serious work by serious journalists. and that as a supporter of a free speech in a free press, i believe that readers should have access to this kind of stuff. and, and yet the, the u. s. government is trying to close down and therefore trying to stop in

part of a targeted sanctions campaign announced by the treasury secretary back in april treasury will target russian leaders, officials intelligence services and their proxies that attempt to interfere in the us electro process or so bertie has democracy. this is the start of a new u. s. campaign against russia malign behavior. the u. s. government claims the strategic culture foundation is in fact controlled by rushes for an intelligence agency, the s b, and it's also linked to the russian foreign ministry. the foundation denies this and calls itself a research platform about rage and global affairs. but johnny lazar says a dangerous president, sol, ready being set. i think of the that the at the s. c f, the foundation hosts honest journalism. even though out i don't, i don't agree with much of it. this is, this is serious work by serious journalists. and that as a supporter of a free speech in a free press, i believe that readers should have access to this. ready kind of stuff and, and yet the, the u. s. government is trying to close down. and therefore trying to stop information, w

going nowhere on the 10 year treasury yield. 1.3970. crude getting hit the hardest among assets we are looking at. a lot of questions swirling around the demand story. another interesting story we are following is what is happening in the fx markets, specifically with the turkish lira. record weakness for the lira. president erdogan says he will continue to push for rate cuts even in the face of inflation. the dollar right now weaker against the lira. back to a 15 handle after the erdogan administration introduced a new program to protect savings from fluctuations in the local currency. that is providing some support right now. let's get back to washington. everyone on capitol hill and in the white house were shaken when joe manchin announced he would not support the president's build back better program. joining us to discuss is wendy schiller, brown university professor of political science. it is great to have you. this would seem like a major blow to the democratic party. you don't think it is. why? wendy: i think it gives the biden

francine: is there anything you are buying in terms of treasuries? what part of the yield curve would you want to play right now? mark: well, i think the message is that we would rather be short rather than lung. we think yields are going to go up, not down. and i think that one of the big surprises in many perspectives in 2021 has been how low yields have remained, notwithstanding the move up in inflation. i think a lot of investors have been scratching their heads. you could say that that is partly a factor because we have had abundant liquidity. the fed continues to buy treasuries and other assets on its balance sheet for the time being. that's going to cease by march. we think the technical backtrack for treasuries is not going to be as strong. we certainly think that as you move through the course of next year, the fed will be following the data. the data is going to look robust, so we think yields are going up. we would much rather be short rather than long. this could be an environment where the headwinds are more hawkish monetary policy and t

treasury. this letter, for example, was sent to daniel lazar and michael virchow, who are both new york based journalists. it says the s c f is on the list of banned organizations accused of election meddling, and that us citizens who engage in transactions with the foundation are liable to fines of at least $300000.00. daniels are shared. his experience with us. it was a warning regarding future articles. so essentially, if i write for sci fi and gauge and any kind of transaction, which i assume means a, an exchange of money i could be had with massive fines that were completely destroy my finances. i was taken aback. i was, you know, concerned certainly, but actually i stopped writing for se yes, since the previous, you know, 4 or 5 months earlier. so i didn't feel personally threatened. but others who, who want to continue writing for the f works dreamily frightened fair. they have all stopped writing for the site because really there's just, it's, you know, it's impossible to, to battle the

the us treasury is power is, is, is enormous. and that of a, of an individual freelance journalist is microscopic. but some of them are so frightened, they're unwilling even to give interviews like this one. so you know, so this is what it's showing effect means they're, they're unwilling to write and they're unwilling even to talk about why they, why they're too afraid to write such, make part of a targeted sanctions campaign announced by the treasury secretary back in april, treasury will target russian leaders, officials intelligence services and their proxies that attempt to interfere in the us electro process or so bertie has democracy. this is the start of a new u. s. campaign against russian line behavior. the u. s. government claims the strategic culture foundation for the more is in fact, controlled by russia's foreign intelligence agency, this via and that is also linked to the russian foreign ministry. the foundation denies it and calls itself a research platform about your asian global affairs solely. we contacted the