Summary and highlights:

Rishi Sunak inaugurated as the new UK Prime Minister. In Britain PMs are first elected then appointed by the Crown, that's the usual process and Sunak hasn't gone through it. There's been no election, no one actually voted to make him PM, not even the Conservative MPs as some suggest. He was just the last man standing after his other two opponents dropped out. Alexander likened this to what happened in the 2020 Democratic primaries after Obama made some calls.

He has no supporter base, he doesn't even have a bloc of Conservative Party MP supporters, which means he's entirely dependent on those who orchestrated his inauguration.

It was a coup by a powerful faction of the Conservative Party, the non-Parliamentary members of that party were left completely out of the process even though the Conservative Party likes to claim they're the ones who vote in the leaders.

Sunak is a globalist and a caretaker PM, as was Draghi, who was appointed in Italy after Berlusconi was pushed out; just as Papademos was appointed in Greece to make sure the EU got its money and the Greek people got austerity. Which means Sunak will not deviate a whit from current policy with regard to the sanctions or to the war in Ukraine.

Alexander makes several interesting observations about the price cap on Russian oil that's likely to be agreed to with Sunak's full support:

• According to Reuters, 80-90% of Russian oil will be traded outside the price cap so it's not going to make a dent in Russian oil revenues.

• the price cap will be enforced by the Lloyds insurance market, which has historically insured most shipping and has been a pillar of the City of London. The City of London was built around it, and gave rise to a huge legal community there.

• But unlike in the past, ships from Russia, India, China, etc. carrying Russian oil are going to be insured outside the London insurance market, destroying it and the City of London along with it.

• This may be by design. It's clear that the City of London as a financial center has been gradually marginalized, it has become far less important in the new globalist system. And Sunak will carry through whatever the plan is because he represents globalist interests and global capital.