Story an explanation of why and rejection is so reviled and all of this is coming up right here but were going to give. With a bold declaration by china that seems to imply that its simply had enough with quote u. S. Threats to interfere and will now move forward to the dollar rise and strike back against the United States by creating a global currency to compete with the u. S. Dollar china has long considered joining russia and fighting back against u. S. Control of the worlds ability to trade or transfer goods without u. S. Interference or say so but now with china is announcing that its actually preparing to be cut off from the u. S. Financial system. And theyre taking what appears to be real steps to protect itself. Why or maybe the better question is why now ok. The reason is that while the United States has been heavy handed in the past it has never according to china and chinese experts and officials gone so far as to weaponize the u. S. Dollar the way that the trumpet administration is doing so and threatening to do so now see thats what china says that its doing what its doing even if it shakes up the entire Global Market it says its necessary as a defensive move one of chinas top economic officials seems to be saying that the time for talking is over and now its time to act heres the quote. We have to make preparations early real preparations not just psychological preparations he would fang shanghai is expressing in that fear is that the trumpet ministration will do to them what previous administrations have done to russia with sanctions that have literally locked them out of the World Community what does that mean well what it means is not allowing russia to Exchange Goods or currency with other countries thats a destabilizing thing to do to a country and that type of weapon is ation of the dollar would be tantamount figure to be speaking of course to an economic Nuclear Strike one that would cause unimaginable repercussions not just in china but obviously worldwide when china tries to strike back. How serious is the United States about weaponize in the dollar to punish china how serious and how capable is china in its threat to strike back this is an important story if you want to be ahead of the curve in understanding this park area scenario that could affect you me and just about everybody else on the planet and you want to stay tuned as we drill down here on the news with rick sanchez where were committed as we often say to the axiom that its time to do news again. All right heres a list of the questions we think youll be asking tomorrow after watching our newscast today why does it happen and what can be done about chicagos gun violence Columbus Church and others well talk about the is libya pardon me is libya once again descending into chaos as the side of international proxy war. Our air lives in the u. S. And europe still suffering how bad is it now obviously were going to start with a story we told you about a little bit about ago china. This has to do with the fact that china is now in a situation. It hasnt been in quite some time thats not to say that the United States has not been very aggressive with china but what china seems to feel now is that the United States is going to go even beyond that but that what the United States is essentially going to do is to weaponize the u. S. Dollar against china joining me now as christiane is shes the host of. A Global Market analyst to take us through this kristie lets start with china because i mentioned and what had fears i mentioned a while ago that the United States is polish other countries russia being one of those but china seems to fear that the United States is going to go even further than it did with russia explain that to us. When china right now is being very proactive and its as you said earlier on you know minervas taking a defensive stance right now to prepare for the possibility of being cut off from the u. S. Dollar Payment System in case the u. S. Sanctions China Chinese Companies and banks and right now this is perceived as a real risk from china standpoint because they are quite vulnerable the u. S. Dollar is the worlds reserve currency and all trade is conducted in it so as such china mainly relies on the u. S. Dollar Payment System in most of its international dealings so weve already seen last year china tended to trade and settle trades of the neighbors in russia and india in their own native currencies while those test runs were quite successful it was done a very small scale so china is quickly realizing this is a very big vulnerability it take a nasty turn so right now theyre trying to shift away and be less dependent on the u. S. Dollar but at the same time this is a very double edged sword because this move by the u. S. Would be perceived as a nuke. Their option to cut china out of the Financial Market to cut it out of the Swift Network that would have severe blow back on the Global Economy because cutting china off from swift would be economic suicide the u. S. Currently runs about 350000000000. 00 in annual trade deficit with beijing and the p. B. S. See a hold over a one trillion dollars in u. S. Debt so the u. S. Really can do without trade with china than china can do without trade with the u. S. So its one thing for the United States to put sanctions on a country and some of its beds for example i think thats what happened with russia for example but when they knock you off with thats a much more difficult blow right they explain what happens when you get knocked off us with what happens to a country what can it not do. But it essentially means a new cancer you are cut off from the entire global Monetary Network and media have no access to liquidity you have no access to the dollars or you cant send International Payment supplements and or any pay for anything that are currently settled in u. S. Dollars and most of the Global International trade currently is denominated in u. S. Dollars that includes oil that includes agricultural goods that includes basic supply should necessity Materials Energy all of the above all of that is currently denominated u. S. Dollars that would be a very severe blow i one of the things that you mention with venezuela even though the u. S. Previously and historically has sanctioned other cut other nations they cut them off temporarily as was the case with iran it massively hurt their economies but one of the biggest detriments is the fact that in order to completely cut a country off other countries have to also comply with the ban so this is the case with china if the u. S. Wanted to even kick china out of this what people are saying is highly unlikely because the u. S. Would have to get the new on board to endorse and follow these sanctions and theres actually no you know why the e. U. Would do that when it would hurt their economy china as it has proven in this entire coronavirus of the so to prove. Itself to be the manufacturing hub of the world and they service the e. U. So theres no way they would give that up over a dispute that doesnt even involve them so what would happen to me as a consumer or a citizen of the United States if tomorrow this kind of situation developed i mean weve called it the Nuclear Option the United States continues to weaponize the dollar china finally says weve had enough and does what and what would be the effect on us. While china right now is not as you mentioned is not creating a different currency theyre trying to just lessen their exposure and by doing that theyre creating a gold backed r. And b. Denominated in Oil Futures Contract so this is the century a competitor to the Swiss Network which allows them to send payments internationally and sell trade in their own native currency so if u. S. Were to suddenly blow up and just not have any trade with china whatsoever that would mean that goods for you as a consumer an American Consumer that would mean good prices of goods would rise exponentially even more so than the kid was last year with terrorists so wed be talking about a level of inflation that we havent seen in i imagine quite some time because the goods would have to be made somewhere else and theyd be more costly correct. Absolutely and in china while it would certainly wreak havoc on their Financial System because as you can imagine shanghai the Shanghai Exchange the hong kong hang seng those are 2 of the biggest largest and next and hindsight even out ranked the nasdaq last year so if you take a look if you take a look at just the Global Markets and amount of capital in the flows through china each and every day that is going to recompete havoc on how trains and trains are going to be settled seems like something we probably dont want to see happen for the good of both sides kristie thank you so much good stuff thank you libya has become the center of a proxy war once again some of the International Community are calling for a ceasefire and peace negotiations as others continue to encourage conflict in the already war torn nation our teams alex the heart of it has been following up on this story for us and he filed this report it was a country that boasted one of the highest standards of living in africa according to pan african News Platform the african exponent under president Moammar Gadhafi in libya Education Health care and even electricity were all free for citizens farmers enjoyed a high level of support from the government mothers were taken care of after giving birth bank loans were interest free home was deemed natural human rights and the Literacy Rate jumped from 25 percent to 75 percent under gadhafi. But then along came nato in 2011 Alliance Forces backed a rebellion against gadhafi as government that war came to an end when the countrys leader was tortured and killed by western backed rebels on october 20th 2011 a gruesome scene applauded by some yes we came we saw died. But its hard to overlook the fact that chaos has continued in libya to this day a variety of players have struggled to control the Oil Rich Nation the 2 most prominent or military commander Khalifa Haftar is Libyan National army which has the backing of the United Arab Emirates saudi arabia egypt france and russia and the tripoli based government of National Accord which is supported by the un qatar italy and turkey officially libya is under an arms embargo but somehow weapons keep pouring in this monday turkey and italy announced that they are working together to stop the flow heres italys foreign minister. If we stop the arrival of arms or we said earlier limit the entrance and we will be able to reduce aggressiveness of the 2 libyan sides in this conflict. The same day france accused its nato ally turkey of violating the weapons and bar go ahead you know i already had the opportunity to clearly say it to president obamas will do i consider today turkey plays in the dangerous teams and is in breach of all commitments to learn to berlin conference just a bit with Alliance Members going head to head in regard to libya the french president reiterated his statement from last year calling nato brain dead once again Turkish Military interference in libya has helped the government of National Accord achieve recent gains on the ground making the situation even more complicated this past week and egypts president warned that if Turkish Backed progenies forces advance on the strategic city of sirte it could provoke a direct intervention by cairo the turkish. G. N. A. T. Has called the announcement a declaration of war with tension high many nations including the u. S. And russia are calling for an immediate cease fire we stressed the need for an early cease fire in libya and agreed on urging libyan Political Forces to engage in constructive dialogue as soon as possible. If egypt was provoked to follow through on its threat it would bring the conflict to a new level the battleground that has already become an International Arena could easily spread into a regional war for news with rick sanchez im alex my i love it thanks so much alex this is the news a great sanchez if youre watching our special coverage when we come back were looking at the state of the Airline Industry whats going on in the skies well have that for you stay right there. Something you your sports. An ocean of stories even the news. Can overwhelm you. Your way i know you want to let me bring you the bad. Play. The questions. Number. And lists as such and bring all in so just that. If dr. Remains in question. Im a journalist its all i know being a truth teller people say i make a man come from good uses like a jackhammer to drill down i think find the truth news with rick sanchez because its time to do news again and question more. I like it when the hosts ask a question for the guests and then actually listens to the yes answer and then react to that answer a folks dentist bill or hear ive got a new show. Welcome back well as airlines all over the world try and figure out if theyre going to be able to survive germanys Major Airline the funds are is having trouble getting off the ground so each airline is trying to fight for survival in the its own way in its own country under its own terms but those terms as times a story is kind of unique reporting from berlin here is our tease peter all over. The love tons of bailout saga continues to roll along like a 747 passing right over your head no agreement so you fall on the job code package thats been put. On the table for the german flag carrying airline thursday is the crunch date thats when shareholders will be voting on whether to accept the german state taking a 20 percent share of tonnes or in exchange for around 9000000000 euros to around 10000000000. 00 of much needed cash for. Talks on redundancy packages were ongoing with the pilots union and the union that represents cabin crew with the airline no agreement has been reached so far we understand those talks will continue right up until the vote takes place on thursday if theres no agreement before then what will happen though is if they agree to the job cut package then it could well be a step towards the german state taking a 20 percent share of love tons that not so fast are other bits of turbulence if you will in this deal reaching its final destination heinz till one of. Major shareholders 15. 5 percent all of the corporation he says hes not entirely happy about the german state taking 2 seats dancers Supervisory Board thats part of the deal thats been put forward by the German Government he was locked in talks on monday with the german finance minister the minister for the economy no solution has been found there what could happen then with regards to deal is that when it comes to the vote on thursday he could well either veto the whole thing which would mean that suspension the deal could be off he could abstain from the vote or he could well pursue legal action after the fact 22000. 00 jobs remember are on the chopping block isnt the only scandal thats facing this deal either if you were cast your minds back earlier on i was talking about the union that represents cabin crew here in germany and their stake in. These negotiations they had the u. F. O. They called well the head of that union sis is reportedly according to media here asking for 1000000 euros otherwise hes not going to support the bailout deal he says that this 1000000 is full of legal costs tangible losses it isnt going down well in the public especially with considering how many jobs as i said risk alternately though what were seeing is the future of one of aviations most recognizable brands turning into something of a soap opera. For news with rick sanchez its a fascinating story to watch that coming together if you will of the governments of marylands everybodys trying to figure out a way figure a way out of this we thought this would be a great opportunity for us to have a discussion about the state of the Airline Industry right now no better person to talk to than jamie finch hes a former director and t. S. B. The National Transportation safety board lets start with that could you you follow this every day i know you do because we communicate from time to time what is the state of the Airline Industry right now. Well as a state where it is never been before and i dont like science im sure for sure after not a lot of those will be the worse d situations that the airlines have been and our experience and this is next much more severe. One of those. Where 911 people are licensed i dont carry article because of the people still able to fly in and the ocean in