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And moreover, something not many people are talking about, russia has had $650 billion in gold reserves as a way to ride out sanctions and stabilize the currency in anticipation for the sanctions that were going to be thrown their way. we have not yet touched that. there's a lot more we can be doing. and the fear that's being put forth is economic backlash from these sanctions. that is no time to worry about this when you have civilians being beheaded, being raped, being tortured and being murdered. human life is much more important than economics at this point. >> you're a former fbi agent. w...

>> i will wait until -- >> okay. >> thank you for taking my question. >> did the u.s. wait too long to arm ukraine especially -- did they wait too long to move u.s. forces to nato countries? does the president still view the idea of preinvasion sanctions as a stupid question? >> so as to the question of waiting too long on arming the ukrainians, over the course of the past year, the united states provided more than half a billion, $650 billion in assistance to ukraine and that's more given by any president at anytime and that began more than a year ago under the presidency of joe biden. we hav...

They have $650 billion of foreign exchange at the moment. that's the fourth largest of any country. it's 50% more than their total foreign debt. they only hold 16% of it in dollars. the rest is in euros, rmb, in gold, and all kinds of other stuff. by comparison, we are a reserve currency so it is not a fair comparison. we hold $250 billion in foreign reserves. he has the firepower, so to speak, the economic firepower, if you will, to withstand a fair amount of sanctions. lastly, just for interest, in terms of his military, they also spend roughly the same percentage of their budget on the mili...

The only recalcitrant is germany. germany has to be brought on very quickly. all assets belonging to all russian oligarchs should seized immediately. the russian sovereign wealth fund which is $650 billion -- keep in mind that much of it sits on the ledgers of three major banks, central european bank, bank of england and u.s. federal reserve. that money should be frozen. in fact, it could then be used to pay for ukrainian resistance. and finally representative kissinger in congress yesterday was discussing the possibility of closing ukraine's sovereign airspace. that is something that should a...

You also need to sanction the russian central bank, the central bank of russia as it's called and by the way, while you are logging that we should have put sanctions on vladimir putin just for the heck of it. i'm just saying the swift system would stop financing. some of the sanctions on their bonds and stocks are very good. they use london, by the way, a lot. somewhat new york. they will be hard pressed to get any outside financing. but to stop their transactions you must take them out of the swift system. that will take them out of the dollar markets and that will damage their financing. the...