tv [untitled] July 14, 2024 10:00am-10:30am IRST
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and a surge in military spending. the immediate question is, how does israel continue this genocidal war while it's economy is tanking? hi, i'm, welcome to economic divide. some of the highlights coming up in this program: israel's open economic wound, why do we highlight that? because that is now the reality where hisballah missile attacks is really causing the israeli regime economic hit, more economic destruction as a result, at the same time shattering israel's so-called security. then more company closures are occurring in the occupied palestinian territories. google has closed two of its biotech centers. this comes top of intel postponing his $25 billion dollar semiconductor plant, and also capital flight is occurring at warp speed. and some of the economic setbacks will be looking at, such as the credit rating uh that israel has experienced, foreign investors are withdrawing the money that they had and they are not investing uh in the israel regime and also the accumulation of war costs.
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מזה להם העתיד, כל מה שקורה פה בכמה חודשים האחרונים מרחיק את העתיד שלהם, מוריד אותם, of מוריד אותו באסלה. אני חייבת לצאת עכשיו בשביל שאנחנו. since end of 2022, investment in high end technologies has become less and less, it has now decreased by over 50% with the capital flow at the lowest level in the last 9 years. companies reassessing their investments like google, which closed two biotech centers and intel, which suspended is 25 billion dollar semiconductor plants. the collapse of the israely regime's economy is now very serious. many inside israel are saying that if there is no ceasefire agreement signed soon, there
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will be a sharp drop in the stock market and the economy. the demand for incoming tourism has also plumited, employment rates face the stark reality that it may increase drastically. since the future of the regime as a whole remains unknown. time to look at some of the social media posts. first, it's vitally important that people double down on boycotting israel. israely economy is a slippery slope towards collapse. boycotting israel will accelerate that collapse. next, netanyahu wants to destroy israel and must be expelled. the economy is collapsing, public services are collapsing, entire areas deserted and netanyahu has no plans. then entrallah and hisb's actions are absolutely wrecking israel's economy. then we move up to a video, it's intro said the us is funding israel occupied palestine's whole economy.
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mr. netanyahu really is not just in charge there, he's in charge here in the us. what kind of shape economically we know politically and we know diplomatically. economically is israel in from your understanding, well i'm told that the israeli economy is it ruins, but we're heavily subsidizing it, so we're keeping the israeli economy afloat, i mean the the hidden costs of bank rolling, netanyahu's desire to build greater israel regardless of the costs is is pretty high, but no one is going to admit that to you, that's why i thinkstein when he is telling the truth we're. going to back them, and i think blincan has made it very clear. now, the interesting thing is that then pape on reasons for why israel might collapse, fracturing of israeli jewish society, israel's economic crisis, international isolation, sea change, among young jews globally, and the military
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weakness of the iof, new sparks to palestinian resistance. all right, those were some of the social media posts, let me introduce our guests for the first part of our q&a. joining us is uh, mr. abdul wahahab sheikh abdul samamad is the chief executive officer at afroasia institute for strategic studies. welcome to the program. thank you for having me. all right, taking a look at israel's economy is tanking, it's spending money like crazy. how do you think you can recoup the money lost when the economic aftermath remains so oblique? before i answer the question about israel's economy, let me say that even if it is loses all of this national assities, nothing compares to the loss of life and the vistation bomb by palestinians who continue to be killed on daily basis, ten of thousands murdered, ten of thousands more injured permanently, it's a
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facing pressure and stress factors that have never been seen before, this in turn will affect the colonial project call israel as well as it is rating as a viable economy, the reality is that the us and the eu continue to inject it with billions of dollars even at the expense of their own population. israel, as a project of colalism cannot be allowed to fail according to the western creators, because it provides them the base through which they they control the whole middle east. this is why even though it may tempting to to f. about the is economic in the aftermath of genocide, serious discussion and effort is must have been must be made to hit the snakes head with cities in the western world and continue to bint and pump billions of dollars for this unicide. okay, let's
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bring bruce gagnon in, bruce gagnon is the co-founder and coordinator of the global network against weapons and nuclear power in space, welcome to program: you're most welcome. i want to start off with the basic question about this uh genocidal war, costing israeli regime so much money, how it's able to keep up with it, and what are we looking at in terms of uh, the economic aftermath, which at this point looks so bleek based on the another perhaps war that may break out between hez bull and israele regime? i think israel has increasingly difficult time of holding their economy together. uh, one way they're going to do it is, they're going to try to do it, is receiving money from the united states and countries in europe that are friendly with them. as well as very many wealthy organizations in the united states,
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zionist organizations like apac and others, they're constantly raising money for israel, so that is one area of funding for them, at the same time they're still selling lot of their weapons around the world, it does bring in some money, and surprisingly, but maybe not so surprisingly, some arab countries like jordan, saudi arabia and others are still trading with israel behind the scenes, quietly, back door, but there's that trading still going on, so all together that helps israel to some degree, but i do think the longer this war goes on, and especially if it does spread, as many now anticipate that it will do. israel's economy will be in much greater danger, when you have oslot that is
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now going to spread maybe between a war breakout between hizbillah and israel regime, is not going to affect israel's economic situation, let me answer that. yes, i believe you're right with your question, we now see thousands of. since october 7th, but even recently, even more and more, are leaving the country for fear of a wider war, and in the northern part of israel, the settlers there that have been receiving bombs from hezbollah since october 7th, most of those northern settlements have cleared out. "and these people have moved into expensive hotels inside of tel aviv and other places around
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israel, that's costing israel lot of money. at the same time, the uh current troop call-ups uh are taking a lot of people out of the working economy and putting them into battle, and so that means that lot of uh..." "the economy of israel, lot of companies that israeli companies are losing workers. i know that since the war started and palestinians who often worked on israeli farms uh were sent hacking uh back to gaza, for example, they've been trying to bring in other people from india and other countries to pick up the slack to help do some of the work, but i don't think this is really..." been an effective cure for the already challenged
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israeli economy, at the same time they're finding that lot of reservists, troops that have been called up are refusing to go and fight, so that's an interesting development, also at the same time there are the ultra orthodox who are now going to apparently be drafted into the into the... army and that trend is going even hurt the economy more because these people again will be removed from various jobs in israel, so all all in all this war is really damaging the israely economy in a big way. time now for the info news section of the program first up we're going to take a look at the retaliation that is coming from china when it comes to tariffs, now it has retaliated against eu
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tariff hikes. beijing is probing um what are imports branding wise from the block and responsive duties on electric vehicles that were imposed by brussels. now what happened is that the eu had slapped tariffs ranging from anywhere from 17.4% to 37.6%. that's quite a range on chinese ev imports top of the existing 10% duties. so if you add 10% to the minimum 17.4. that's 27 almost 3% there and on the other side of the scale that's uh 47 so that's almost 50% so you can see how big deal that is in terms of the uh money output, well the eu has accused beijing's unfair subsidization. the car manufacturers, i have a feeling that this is not going to end anytime soon. next, something that has occurred when it comes to turkey and purchases and regards iran where it has resumed oil imports from iran in march after four years. turkey had imported 576 metric tons of oil from iran in march and another 485 metric tons in april. and this is yet
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another sign that more countries have stop complying with us sanctions on iran and that's important. next up is that's very important. especially where iran is concerned, summit has taken place, the shanghai cooperation organization is speeding up as one of the goals of the summit dedollarization process, use of national currencies in russia's settlements with fellow seo members, well that has exceeded 92%, that's according to vladimir putin. next, a complaint to leveled against us air travel and companies involved, passengers to us air to us government have said that air travel is getting worse and complaints to us government from the travelers. are the highest since the covid pandemic, when airlines were slow to refund. in terms of complaints, well most of them were about either race or national origin. those were the topics we picked for the info new section. if you have topic you like for us to cover, wherever you are, in whatever part of the world, do send them to us. contact information is coming up. this week on expose
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we'. exposed the laughable coverage of the iranian presidential elections by western media, which seemed more like echo chamber for pentagon talking points. the usual suspects were giving the spotlight, hurling unfounded accusations against the islamic republic, showcasing a clear agenda of spite. predictably, western digital media klung to their tired narrative expressing concern that iran's foreign policy towards designist entity would remain unchanged with the new president. what a shocker? no, now iranian social media lit up with support. for the elections, but voters in several western countries face harassment and abuse with police offering no protection for them, outraging iranians back home. stay tuned for expo day, the truth is just the revelation away. time now for the in-depth section of the program, this release genocidal onslot
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has entered its 10th month and with each passing month the israely economy keeps getting worse. one wonders how it is keeping a float, but combination of factors that play here, which has been a lifeline for the regime, but one factor is one of the most important reasons, one in which though it is keeping the economy of float, it is actually leading the regime down a path of economic ruins. let's take a look at reasons why. now this is we're looking at when it comes to the onslot that's waging um and it's costing israeli regime a lot when it comes economic growth which is in free fall. at this point is the trading partners, because they are the ones that are preventing the collapse of the regime itself. this is public private aid for example that comes from the us as well as the european union which is maintained trade exchanges with israel as if nothing has happened, even india and china should not be forgotten because they are the ones that are also included in this. so uh let's take a look at the next graph to see what we have here, in terms of the last three months of october through december of 2023, that's
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important, we have mentioned that before, you're looking a negative 21% gdp drop. now for the year 2024, well that... uh had a growth of 1.3% as projected to be around that or maybe go up to 1.7%. in february 2024, another major event that happened, moodi's credit uh downgrade happened, five banks were on that list uh where it was downgraded along with the five major commercial banks, the credit downgraded and the five major commercial banks, which was an unprecedented decision, even though israel experienced this huge drop in terms of the gdp has somewhat rebounded in the year 2024, as i mentioned we're looking at 1.3%. uh, which is not much, but it is uh something that poses a question mark as to how that happened. well, looking next, this is what uh uh an israeli economist has said, a chief economist, the army is acting as a shock absorber that is keeping businesses alive instead of productive economic activity. he went on say that businesses are operating at low productivity because their employees are in reserve duty,
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some are even closed, but the employees continue to be paid by the army. did you get all of that? i mean, that's that's pretty significant fact in ensus what he is saying is that the payments being made from the army, well that's coming from the israely cabinet and the budget of israel itself, and uh the financial aid is coming from the cabinet, that is why people have money to spend, but you take a look at other key indicators, they're all negative, exports are in the negative, investments are in the negative, business production is in the negative, so uh we are seeing that this payments made from the... israel regime itself from its budget to israel's, the end the line, the consumers is not a very uh smart move to make, and if the market has no way of funding growing expenses, then israel's economic crisis will only worsen. and this recession will only deepen, let's bring in our guests to see what uh they can do to help us out understand this, abdul wahab sheikh abdi samad who's a chief
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executive officer at afroasia institute for strategic studies rejoins us um when you can look at this war cabinet um it has broken up, you're looking at other negative indicators that point to a drastic economic crisis in uh uh israel, what are we looking at in terms of the endgame, what's the future that you forsee for israel here, since israeli? and its us parkers have against all logic continue this on slot for nine consecutive months now, the reality is that they are engineering or facilitating their own collapse, the us empire is scary camping, it is imminent fall is clear to see, it's facing a pressure and stress factors that have never been seen before, this in turn will affect the colony. project to call israel, the question now is which side will collapse first, the us empire or israel, the key, the key now is for the logic headers to prevail
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and to put an end to the genocide and hypocrisy, the world needs to new leaders that work for the well of humanity. all right, thank you for that, let's bring in now bruce gangn, see what he thinks, bruce gangn is the co-founder and coordinator of the global network against what? and nuclear power in space, we're looking at israel regime really struggling to keep it economy a float, what is the deal there in terms of future, speculation if you don't mind giving to us on that? okay, let me answer that. i think that israel's reputation around the world has been forever ruined, and increasingly we see growing internal division, the roots of a civil war. inside of israel, so even here in the united states where i live, we see in polling data that the
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us public opinion is steadily turning against israel, and the politicians are being called on by the american citizens to stop funding israel's war against palestine. same time israel's desperation, their growing desperation as they're not defeating hamas, as they claim, their reputation is being destroyed internationally, israel is becoming more and more desperate, now they're looking at attacking lebanon, going to war with hesbollah, so all of this makes israel even more dangerous, which only makes israel their israel's... the contradictions internally and externally around the world more problematic for tel aviv. israel's economic crisis is now
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further exacerbated by the possibility of an all-out war with libanon movement. this is led to a further terriration of investments in different sectors. this regime and essence is involved in three different war. scenarios, one with palestinians in the gaza strip, the other in the north occupied territories with yemen's army, and one with hisbollah. the biggest hit from israel's military changes with hesbollah is the roughly 90,00 settlers who have vacated the settlements in the northern part of occupied territories. industries there, especially the agriculture sector, have been... rarely hit a new study conducted by the tell high academic college in israel states that about 40% of the evacuees from northern settlements are considering not return to their homes after
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the end of the onslot. the study shows that 73% of the self-employed and 39% of employees a worse economic situation than before october 7. 47% of the self-employed report their incomes the fallen by half. the specter of another peace agreement is on the horizon, but nobody is holding his or her breath since all the previous ones have failed, many are wondering whether the war, the onslot with israel regime and spolah will break out, and that probability, whether it happens or not will be another blow's economy, which will leave many wondering how many economic hits can this regime take, before it gets knocked out, that does it for this edition of the program, thanks so much for being with us, hope you enjoyed it, if you have any questions or comments, contact information is to my right here, as you can see there on the screen, from me kavatali and
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