#Ukraine: Washington diverted by the banking crisis. Professor H.J. Mackinder, International Relations. #FriendsofHistoryDebatingSociety
The John Batchelor Show
John Batchelor
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🗓️ 26 March 2023
⏱️ 14 minutes
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#Ukraine: Washington diverted by the banking crisis. Professor H.J. Mackinder, International Relations. #FriendsofHistoryDebatingSociety
https://www.bloomberg.com/news/articles/2023-03-24/freezing-in-shock-is-working-pretty-well-in-stressed-out-markets?srnd=premium&sref=5g4GmFHo
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| 0:00.0 | This is the Friends of History Debating Society. I'm John Batser with Professor H.J. McInder. |
| 0:04.5 | We've been in Europe at length. Now we're in Washington, DC. The mixed picture of Washington, DC, |
| 0:11.8 | Professor, in addition to the hesitation of the Republican Party, which is built in to the ideology |
| 0:21.0 | of the Republican Party since the Civil War. What's in it for us? Very practical question when it |
| 0:26.6 | comes to liberty. What's in it for us is now being asked about Ukraine by the Republican Party, |
| 0:32.4 | elements of the Republican Party, voices that gain attention in the news, such as Governor |
| 0:38.0 | DeSantis of Florida, such as the Speaker of the House of Kevin McCarthy. Not definitive, |
| 0:44.2 | we're against, not definitive, we're for somewhere in between. I mentioned that because the White House, |
| 0:51.0 | the Biden administration has been understood as completely in support of Ukraine's battle |
| 0:57.6 | for its existence, pouring weapons and money into Ukraine. And now the banking crisis, |
| 1:04.7 | hitting Washington very hard, hitting the confidence in the administration very hard. |
| 1:10.4 | The failure of two smaller banks, 16th largest bank, and a bank in New York has led to claims that |
| 1:18.1 | the banking system needs to be bolstered. The Secretary of the Treasury Janet Yellen has made |
| 1:24.2 | contradictory remarks during the week about whether or not depositors are insured, |
| 1:30.7 | limitlessly insured. There's also a question about the Federal Reserve being able to |
| 1:36.0 | both fight inflation to its 2% target and not drive or push or permit or watch the economy plunge |
| 1:44.3 | into what is called a hard landing, which is a hard recession. It is time for the president to |
| 1:49.6 | announce its re-election plans. All of this goes together into a hesitation about the war in Europe. |
| 1:57.3 | The Republicans say what's in it for us? The Democrats say we're busy holding the banks together. |
| 2:02.7 | So Washington's point of view, Professor. |
| 2:05.6 | Well, this, I think one cannot say what Washington's point of view is, certainly the administration |
| 2:14.4 | is very, very hard to read because what they're involved in, most people would say, is the war. |
... |
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