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tv   Counting the Cost  Al Jazeera  December 2, 2023 12:30pm-1:00pm AST

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as we go with months to a buck call to his livestock grazing lands, these ready settlers have tried to block the road quite digging a trench and putting of us on sore show what he finds for no july issue what a she can. but i assume i can come the load. i'm glad. i mean, from the, comes a little bit. i mean, from the law is call his belongings, broken and strewn across the slope. i did dish what was holding a cellphone. while this was the army with the suck, there was nothing they are like father and son. they beat me, they beat to my son. they smashed everything. first, they broke the phones. they started my id and they destroyed the sheep pounds and the water pipes. it was on the morning of november, the 9th, when a group of his rarely settlers, protected by the, is really military, came into this area and destroyed places where palestinians have lived for generations. was promised indians,
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along with palestinian human rights groups say they have seen increased efforts by settlers to make land grabs. since the beginning of the war set to caravans can be seen a couple of columbus has down the valley. this video shows one of the attacks using bulldozers to destroy the palestinian farms property and forced them out. the attack seemed to be led by this man tomorrow. cohen or coby is, he's node. he goes a government loan in 2013 and established a settlement outpost. abdulla aboard off ma shows me a map of 7 pilots to be in hamlet's with farm is being forced to evacuate since the beginning of the war is ray. the settlers attacked his team of monitors from the palestinian authority. they were handcuffed and stripped as the scholars and bruising shows how hall they would be. glad to set them in october, but the after october, 7th things began to change. my team members hesitated to leave for half an hour and
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the settlers came a little. they kicked everyone out. but when they found that my colleagues to me and lived there, they stripped them and beat them for 7 hours. i'm sure on the other farm is forced to flee the land and the area vile to which despite the increasing secular tax is we prepared to leave. and he's ready to army jeep drives by straight, a reminder of who wants to take and control this land. child, so i thought i'll just 0 dates for the week the occupied with bank a lot set for this bulletin. but let's review with some of the latest pictures we've been getting out of concepts. as you can see, the is really bombardments, which was viewed on friday, continued and as our launch this morning, as always out of here, a dot com has overlays just and i'll have more special coverage of the war at the top of the staging, the,
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the latest news, as it breaks this attack has been described by ukrainian president, a lot demand for lensky is an act of terrorism, with detailed coverage of you mean a has promised to respond to the origin stage. and in 10 minutes of stereotype measures, people who are fear of this well impoverished the population from around the world sketch males, us wants to be 5 minutes of old people for the off to 25 years of containing the against migrants and assign them seek of some say you told doesn't sound convincing the the comics this week, nothing to return to israel as well on cause it has wiped out in time neighborhoods
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that produce businesses to rumble. so who compensates palestinians for the destruction? also there's ranking shrines in germany's constitution. the circle that breaks a sponsor, a bunch of prices, pulls that going from borrowing limits to be relaxed. plus china and saudi arabia agree on that. first currency swap on many nations are increasingly moving away from the us dollar to central trade. israel sort length bump, bump it up, does a kills and injured thousands of palestinians. the human cost is in your ruble. the total and infrastructure is massive. simply absolute destruction of a lack of basic requirements to sustain life and tile neighborhoods, homes, schools, hospitals, churches, and most of all been targeted. whoever runs guns off of the war and this will have to rebuild the strip and create a functioning economy. well,
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many palestinians who have managed to see what remains of that homes during a brief lower, the tax was shocked at the scale of the damage low. and i'm gonna okay, long as you can see, thousands of residential units were destroyed. the same with other residential complexes in the north where to go where to sleep. this was my house and now my family and i are homeless. many are still buried under the debris. i cannot even pick some of my clothes from under the rubble to put on my back. however, we are not leaving. we are holding our ground. even if i live in a tent, i will not abandon my homeland. could i ask? could i ask you how the memories in my home is be my memories? i would never let you go. i lived for 23 years had i will stay in it. even if i knew small prostate remains yet, if in the degree of this a bust of shocking took me a life time to build this house for me and my brothers, and just like that, then i'm back to square one a. so we are a family of 4 and i house has made up a full flow of the ground floor, was a commercial show, my brother lives with his family in the 1st floor,
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while the other brother on the 2nd, my family and i live on the 4th floor when i was sitting in what was once the kitchen that was the fridge and that the of this is the only area where we could says the rest is a total wreck. whether you and a special russell to on the right to adequate housing upon a christian roger gopal has denounced as well as widespread foaming of homes and infrastructure in gaza. and a recent report, he said, carrying out facilities with the knowledge that they will systematically destroyed and damage civilian housing. an infrastructure rendering an entire city such as garza city, uninhabitable for civilians is a war crime. the multiple sources have reduced figures on the extent of damage to infrastructure. satellite analysis by 2 researches at the c u. n. y graduate center at oregon state university shows that they call off of old buildings across northern garza, have been damaged or destroyed. the un says that many $45000.00 housing units have been demolished out of the strips. $36.00 hospitals, $28.00,
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no longer functioning. 279 educational facilities have been affected. depriving bolden 625000 students. the basic rights to education bakeries and mills in the northern parts of the strip and brought to a standstill due to the structural damage of the lack of fuel. um flour, water facilitates across casa, i've also been targeted. well, the latest conflict is estimated to cost much more than any of the full previous was on goes up. the 3 week old it began in december 2000, but agent ended in january 2009 cost of destruction announcing to $2000000000.00. that's according to the world bank. how much says the 8 days of his ready of taxes and 2012 cost cars at $1200000000.00. daily $6000000.00 was estimated to be the cost of rebuilding garza after the 2014 war and the damage of economic losses. pharmacy is ready to attack in 2021 amounted to more than half
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a $1000000000.00. western countries have considered using frozen russian assets to rebuild ukraine. last year, poland demanded more than one trillion dollars in world war 2, reparations from germany. also in 2022, iraq completed the payment of more than $52000000000.00 in compensation for the damage cost by it's 1990 invasion of q weight. so who pays for the destruction in gaza? of how much a of joining us now is a ton of comforts. tom is the system professor in public policy and administration of the doha institute for graduate studies. godaddy with this on the, on counseling the cost is going to even going to be habitable, off of all of this, given the scale of the destruction that we've just outlined. yes, there is a chance to be happy to. but if an urgent editor cover the and, and the construction plan is initiated,
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immediately after the end of this war. so the sense there is a chance, of course, i mean, i mean, governance of lower level. so there is no plan, be forgotten. and so we have to believe that it has to be happy, double, and i don't know about police like any other place in the world. and this depends on the national communities when to create norman can use if the social economic conditions for governance to state and government and this and this. and by default, this is related to how would the plan and implement very construction planning of goes after this war and who, who makes those plans? how much of those plans going to cost to is the rebuilding going to cost and who pays? so just to give the view of the perspective like, you know, the, the 2009, the 1st to the construction, a operation, the donors of the bush and each war and goes up the ledge. nearly $5000000000.20 costs little patient. that was 3.2. the
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ledges as well. so didn't the size of the sheer size of construction. now we have literally talking about something similar to what i was quoted. i knew much than that for the, for the guys that this might exceed 50 billions plus, you know, so it's a huge amounts of money, of course. but as soon as we're not be, if, if we live in a foot unethical awards, these items have to pay because they causes this, this a section on us that they should not, i, i believe that this would be account them, that when it comes to this because most of the destruction that's happening does this has private ownership and also the aids and donations that came to support the 2 state solution since the beginning of also 1994. so we're talking about what the hospitals government, tennessee's ministries, this is 7 for such a name. it's mainly nissan. notice money. say don't, let's say listen dollars out of dollars and international dollars. but listen daughters, especially in the europeans, you the, was one of the largest doors and i've seen in authority, followed by, i mean,
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the americans, japan. and then out of donors, you know, the, the, the gulf countries in o stomach countries. so this is tax money. when it comes to westland countries, this is tax money, this is tax money being wasted because of is there as actions and is that i had has no limits when it comes to this because the, the, the, the subjects or the issue of protecting a dividend, switches aids, you know, that's what contributes a piece should be brought in to add to the discussion on the paper by the, those on these ladies. i mean, because there is $1.50, know many dollars now. busy the todd from seeing the money being wasted in every adoption of conflict, motorcycle violence in the person and an occupied by this time. so that has to be a discussion with this not. i mean, especially in the future of guys after this, what is the one us to be very blunt about it and say, we went into this, we would of course, support the students to recover. uh, but that has to be conditions of stuff. so i'm going to be $38.00 special needs
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with these ladies. this is where i'm going to be forced to pay the man who attends, who's going to force as well to pay for it to the side of the dish, right? as well should, should be paying one out here we talk about the just the, just for the an adjustment, the national system. i mean if the, if you like have to pay for the weight as implant. exactly. and if, if, if the idea of. busy c, using sees the russian assets for both of us and us as well. so the to the $350.00 plane. then we have a positive that it should continue with this way or correct. but the thing is that the national well on what sort of countries mainly percent countries ready to use this only is that or not, i'm not sure to be honest, but i if we live in a just for that should happen is i should be accountable. not only for the dyslexia also for human losses, all these things, you know, as i've lost, otherwise they have, they have to be compensated for the, for, i was going to ask you about, you talked about personally the ship as well. a lot of the, a lot of the property that's been that it's been destroyed was, was personally a privately owned us. if it fits it's not your business is organizations. i mean, even if they could have got insurance,
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it engulfed. so it wouldn't have paid out because this is an active or not socially . people need to be compensated for the individual last, it's not just of, of, of property, but for the lives lost as well. yes, exactly, exactly. i mean those for just, i mean, just for us, so there's no, a sort of some guys i mean, showed us is not the scheme implemented then does the old governance law about sort of the same back in other countries in the world. so these are the people, i mean, psychologically they have to suffer for the loss of their loved ones that houses the properties, the needs of income. and so, so yes we, so, i mean, i mean, i mean it's hard even spoke about financially compensation. people have lost the loved ones, i mean money will not bring the ones back to life, correct? i mean, but please, that's the least don't. i should do at least to, to, to, to, to try to help them to get back to the, to the likes, the, and also, and you talked about donors putting the bill for some of the, of, of the reconstruction costs. but don't as a not really going to be willing to, to, to invest, to put more money to in, into gaza if there's
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a danger of this happening again. so that there has to be a political solution alongside a financial is evident. and this is an excellent point. i mean, uh, yes, i mean, it would be another waste of resources and energy. if, if, if money comes in a flash drive conflicts like, you know, that doesn't mean that the bonus would stop interviewing. now i'm old and i'm all in for human to turn in a to pick and now and to be needed to be up scale human to 10 and 8, which is necessity to put my life in small at the for which is the close name it's i mean, so this is a must be perfectly people alone and the situation was this florida was over again . and this is a big question because we don't know everyone is spoken to about a future that age. most of us to govern guys. old guys, after the war, we don't know what's going to happen. what's the political outcome of this war? meaning if how much is the is going to be empowered or not? that was the don't need another entity be the fixed up government or
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a government funded by the be the by the, for the single thought of the little guys we don't know. i mean, there are so many scenarios that are being discussed but, but, but, but we don't know which that idea would it be the feasible one the most because of the one because the probability of next year. so however, if we had each less than that, you would, let's say, how much is not involved in governing garza, this would be ideally for many western dollars. well, the fuse all have been very shy of supporting for the students because of how much control of that say governance, governance institutions, correct. uh, other donors like to see out of dollars most them dollars. they don't have any conditions. they support any projects. so that's if, if, if, if, if, if i'm going to speed up building is, is damage not what was, was bought. i'm getting this for some odd dollars will say i got a bill that i have no problems even if it's on the how much it would be on the most . but then you'd have $10.00 with some of those on sit. no, no, no. this is a little for me if i'm going to build this and it will be used by officially, by how not as a part of these will say no,
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this is unable for me. i will just focus on a minute then and 8. then we'll end up with the situation of like melting gates, and this will not go well for the 1st thing is because after this route on the last school of destruction, we need the systematic comprehensive reconstruction plan that really that because everything's together and it's not about just reconstructing what i've been bummed or damaged, it's about creating a sustainable future for god's looking. which means is there any met? is there any control measures it'll blow kids uh have to be also at the us. i mean, isn't a kind of typical problem over the borders and also it's controlled over to say that the construction process by delaying materials, fitting materials. but thing beneficiaries of, of the, of a general because is that it has a famous system of doing this, delaying these that was sort of with us. so we need to specify the letter because it's about the good thing. so speed, the benefits of goza, not just addressing the media outcomes afford, but also creating an environment for it does have to be a normal country,
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a normal step, like any other countries in the world that's destination. it's a great stokes you will come to the cost, but there's any thanks steve for being with us as a 1st time and somebody who is limit how much debt the government can take on the constitution caps budget deficits at north point 35 percent of g d p, except in an extreme emergency. the so called depth break was an accident. 2000 bind was meant to stabilize public finances. also, the global financial crisis passed a strict interpretation of the rule of the nation's top cost struck down billions of dollars in time spending, sparking a budget crisis now cools, growing to abandon the borrowing limits as dominic caden reports from building the this was, this is how jim and he's financed ministry tries to explain it shows in pens the old debt to break government's count, borrow much more than a 3rd of one percent of g d p each year, except in extreme imagine,
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serious in siri, the mantra to administer is pretty simple. live within your means. in practice it's proved anything, but it was bank of america is government that enshrined the debt break into low during the credit crunch. they felt it necessary to anchor something in the constitution that put a debt break on spending to show responsibility. and of course, germany has always sort of whacked the finger at other countries and they use that over spence, you know, and broke you that rules, but not with the fingers being wacked to the government. here in berlin. because when finance minister christian men tried to use and spend money borrowed to fight cove, it to finance climate change policies. the supreme colton causes what rule that to be unconstitutional. leaving a multi $1000000000.00 holes in this year's project and causing consternation and capital markets thought german budgetary policy is
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a bit like satirical reality. it is important that we get back on reliable ground relatively quickly. it is unacceptable that one of the largest industrialized nations allows itself to pursue a budgetary policy that is constitutionally questionable the political effective, the cons who a ruling is also profound. something would have shots, himself acknowledged in parliament, was 4 times shop. i know this ruling creates a new reality for the federal government and for all current and future federal and state governments are reality. however, that makes it more difficult to achieve important and widely shared goals for our country. having improvise the solutions of 2023 ministers and not having to account next year's budget and the remote possibility of a $220000000000.00 thoughtful, which could mean the need to slash spending. there might be some cuts for benefits for the richer people in the society that could be one way out. and that would then
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they would also have some smaller budget cuts for the poor households insurance. the one on the list says behind close those political leaders here, i believe the law should be made most suitable to the days realities. any politicians agree that we need a change of that clause or an integration off. this investment falls into the, into the debt break. or maybe even get rid of it and come up with something new which is more appropriate to solve the challenges we are facing in germany. but to do that, the coalition government will meet the help of the main opposition party in both houses of parliament. and so far, at least its leaders seems to favor the new elections of a new laws dominant came to cancelling the cost full in china is saudi arabia's top trading. part of the largest buyer of its oil trade between the 2 nations amounted to more than $106000000000.00 in 2022. the relationship brooklyn's
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last year leaders of the 2 nations signed a comprehensive strategic partnership during a visit by the chinese leaders. she's been paying to re add the agreements with billions of dollars included collaboration on infrastructure projects. and technology was held by beijing as an e. polk making milestone in the developing to chinese, our relations. the 2 nations have recently moved to strength from financial corporation to they've signed a local currency swap agreement with nearly $7000000000.00, which will be valid for 3 years and could be extended several countries in the middle east signed some of the agreements with china over the past decade, including castle, the united arab emirates at egypt aging is believed to have the largest network of currency swamps with a beast. 40 countries will come and see swaps agreements where by central banks land and borrow each of those currencies on a specified data. then exchange the money back. as an agreed interest rates,
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china swamps are seen as part of its pushed international lives, the one global center. the banks tapped a record. amounts of the chinese currency and foreign exchange swaps lines in the 1st quarter of the year. the outstanding balance of all foreign currency swaps was more than $15000000000.00 by the end of march. that's according to the people's bank of china. the jump came off to a growing number of countries move to settle the trade with china and local currencies in a bit. to reduce that reliance on the us dollar on the greenback remains the most traded currency by far spot. it share a foreign reserves, the amounts of dollars the countries put by for a rainy day has declined to a record low of 58 percent last year. by comparison, china is one stands up less than 3 percent. the chinese currency is still behind the euro. the japanese yen and the british pound. well, joining us here in doha is why, oh my god, i'm is the financial market strategist lead at the global multi asset brokerage
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group, x ness. good to have you with a set while low $7000000000.00 is a huge amount to the likes of you and i, and even watching. but in global economy times it's are going to be small amounts. so how significant is this currency swap arrangement between china and saudi arabia of thank you, adrian for the invite. first, actually it's quite good for a start, since we know like china is looking forward to expand its presence in the region. and of course, i'll be in the economy recently. it's been performing well for the past few years since cove. and then there's a lot of plans for expansion and the vision for 2013. so definitely, it's a good a, it's a good arrangement of going forward. as you mentioned, it's 3 years arrangement and could be even, but it, but it who is it better for you say that the saudis economy is, is on the rise, china or something, but isn't, isn't it isn't a sport either, isn't it? actually, both of them would benefit a certain, a certain threshold. so for example, if we take into consideration for saudi the exports of saudi arabia towards the
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china, there been increasing at the base of these 13 percent for the past years every year . and this is something very uh, a crucial to have such a new arrangement that the other side china is looking to secure its energy supplies. and we know that china is the top of them for 3 or 4 or 4. so it is energy. so, so this is definitely this definitely the base of items rules in order to expand this relation. it started with the did, it could expand to other sectors. there's a lot of, uh, opportunities we know the chinese economy is the 2nd in the world. they're trying to expand, they're trying to recover as much from cove it and of course, so the regular could find a lot of opportunities in the chinese economy. one also for the vision of 2013 through the belt, and that was the best and drove the initiative. also, china is looking for more strong partners like saudi arabia. so what are the implications of this, this, this new found the relationship between the 2 countries for the rest of us, for the rest of actually like having more of these to relationships it's,
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it's better for the global economy because this would facilitate to trade and also would make it easier to do more investments and this, which creates opportunity. so of course, having such, such arrangements is good for the, for the economy. and if we see a lot of these arrangements happening, you mentioned that china has at least and that's where equal 40 countries with these arrangements. so this is also facilitating business more and more industries . but it's a drawing and expanding to all of the trainees to call them into global economy. and this would enter and come back to get the opportunity. and what does this conversely swap arrangements and all those like it with china? mean for the us to all of the greenbacks. actually a lot of a lot of the parties are excited about what do you call the diesel that are essentially what we heard about that recently, a lot of the media over, we're still elizabeth flawed away from that the for just look at some figures. so the us bother reserves around 59 percent of the global preserves of central banks to the trade of funded by the fatherhood around 84 percent this year. yes,
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china has such a huge increment that china is doing with a lot of counterpart. these are increasing good stories and the enter the enter nationalization of the u. one, however, was still very far away from just reaching where the ball. it is the moment. okay, so saudi arabia expected to join the brakes. nations in, in, in early and 2024 what, what do you make up that it's not a natural fit for saudi arabia actually is it's a good the, it's a good stuff because bricks are looking to, especially with the look at india and china, they're looking to secure their energy supplies and this is one second, there's a lot of chances for the full for these uh, parties to contribute to the performance about the performance of each other. we know the since you everyone is looking to expand their, their economy, especially new post cobit and all these. we're looking at china looking at india and even with the plans to sell the house for vision. 2013 need such good strategic numbers that could help and the prosperity of the kingdoms economy. do you think we could have a society oil sold in it and you want and so like like the,
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the chinese what we're asking for that. and you mentioned the attorneys presence wasn't try and saudi velocity and the also but stressed on that. however, it's still not that easy, this courtesy swap agreement that starting for non or traits. it's good in the future. turn to that, but going into that way. it needs a lot of what you are political assessments, but could you ever see see the day in or is it, is it in the distance usually that will happen or the near future where buying a car and say like b one would replace the dollar as the preferred just international currency of, of, of last resort. that's on top them, but not the foreseeable future if it takes years. and tickets for us would have gotten through to the place, the dollar because of the many factors. however, yes, after the crisis that we've seen and you'd have a lot of countries are looking to reduce that alliance and dependency on, do you spell it? and then based initiatives that are part of this unwinding of the defendants into
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the lines. however, just going into a could kinda see that with the replace the boulder at the moment and the foreseeable future, it's a bit toward while it's been really good to talk to you and kind of the call same year. i think i understood all that sort of last, so thanks for explaining it so well to some of the financial aid. pleasure. thank you. and that's our show for this week. get in touch with us. if you want to comment on anything that you've seen, you can tweak me on x on a so they can try to use the hash tag h i c t c. when you do, or you can drop us a line counting the cost down to 0, don't that is our email address. as always as possible for you online at alger 0 dot com slash ctc. that takes you straight to our page. and then you'll find individual reports, links, and into episodes for you to capture. that's it for this edition accounting, the co sign adrian, instead of going to go home from the whole team here, thanks for being with us. the news on al jazeera, this next the
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the latest news as it breaks this attack is being described by ukrainian president, a lot demands that lensky is an act of terrorism with detailed coverage of you have a has promised to reform the origin, ties stage, and improvements of therapy measures, people who are fear of this well impoverished, the population from around the world gets males. this wants to be 5 minutes ago old people for the after 25 years of contain the against migrants and assign them seek of some say this new toll doesn't sound convincing. the, [000:00:00;00]
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the mold and untold stories from asia and the pacific. on our gc around the the hello on have him see, can this is the news out live from dall coming up in the next 60 minutes. the 2nd day of is really bombing in

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