Also in this playlist...
This transcript is automatically generated
We've got this China and Russia holding their largest ever joint naval drills in the Sea of Japan come Friday.
The Chinese generals saying what's the big deal outsiders should not consider these exercises.
Threatening but -- yeah -- is not so sure.
Exercises have been plan for awhile so I don't I'm not suspicious.
Of the timing of them I'm I'm not worried at they've done stuff before they've never done I think like this -- -- -- certainly anatomy of this level.
The problem with that is is is it off is that a foreshadowing of something to count is -- China and Russia making -- cause with each other.
You know Russia needs foreign investment in its to develop produce energy sector is China gonna provide that Chinese resources it needs oil and natural gas is gonna buy from Russia.
Are the Russians -- won't comment get more foreign exchange to buy Chinese goods there is a certain synergy in these two.
Economy -- these countries don't have -- but they have interests and their interest may coincide.
At if they particularly -- coincide with the run you could see.
Five years down the road Chinese.
Russian or -- -- coalition -- -- it was in the United States out.
What about Patrick how at what they -- need maybe certainly more China than the Russian American consumers.
So they don't wanna risk rattling that -- They do and they don't if China wants several things I was just in China last month what.
Is foremost on their mind is making sure that that part of the western Pacific and southeast Asia.
Are where they want them they do not want these countries challenging them either economically politically and anyway causing problems on transfer for the Russians.
They want to re -- the old vampire the good old days of the Soviet Union so they want to increase there.
Sort of foot grand -- their domination and hegemony over the countries that used to be in the Soviet Union.
So each of these countries has objectives that don't interfere with each -- objectives and I do -- I am concerned that especially in this current economic environment.
And political environment that President Obama sort of -- -- -- -- -- Arguments of the economic environment you know here were nerds we just following market -- -- -- show the big board today.
If the markets are worried about some.
You know contrary superpower -- ball against us.
They are not reflecting it there's still worried about them Bernanke when he's gonna provide relief they're they're more -- you know it's a -- in companies whether their earnings abroad are gonna measure up.
None of this ever comes I think it's whistling past the greatest ware asked government that the mine and then if you save money where you know ambassador -- gonna put it in a bank and get 0% interest.
They gonna put it under a mattress and see your savings dwindle away to put the fear -- US to become some hard.
Then wouldn't you be less inclined to put it here or do you think that that's even realistic and -- you just say well.
If I got to share the best and I'm talking about -- -- on the horizon but I think ultimately ten years from now the United States hasn't Renaissance.
With our energy resources coming on line.
Do you think down the road.
That this weighs on investors -- that they look at this and they start saying all right.
We've got -- administration is losing its popularity fast track global power houses that are now aligning themselves against us and our interests and not.
A good environment.
In which to -- Except for the fact that the long term prospects for the United States are great because when our energy resource has come on line from -- Natural gas -- to -- Oilers with bill we don't stop it limiting -- I don't think even about -- -- this back and be able to stop this title where that's coming -- once that happens.
Several things happened geo politically.
The Middle East which is a dangerous neighborhood to get your energy from -- cares much anymore the world doesn't -- is actually an -- China comes knocking on your door hat in hand because they need American energy resources as a safe secure and stable place for them to get them.
Industry -- patriots -- the the United States all that stuff and all those businesses that left and went to Mexico.
Went to Asia come back to the United States because energy is almost -- -- and we enjoy.
The energy resources.
That other countries don't have you know everybody has the ability to -- if they get the technology.
We have the economic conditions and that.
And the wave the appetite oil as a line and I won't go into the -- -- that the we have the ability.
To get that oil out it's near where our manufacturing -- -- where a lot of water is a we have had a right here we questions are gonna prevent using it.
Alcoholic and you got -- free bottle of -- right there and you've got an expensive a couple of bottles behind the bar and eventually you're gonna go for the free Bobble.
True very true thank you very much if -- seen it and get up it you need to.
Filter by section