norman was in. russia and china called the deescalation after north korea tests another brother mystic missile during president xi jinping the two day visit to moscow. donald trump will have his first face to face talks with blood amir pearson at the g twenty summit on friday as one of the most anticipated meetings off a year now confirmed. to me said this brace for russian fiber attacks in september as general election officials seemed puzzled over who exactly moscow supposedly supports. we don't have any knowledge of russia or any other country supporting

a particular election candidate germany. italy summons austria's ambassador vienna has plans to set up border controls between the two countries. hello and thank you for joining us you're watching r.t. international broadcasting live from moscow. our top story this hour the chinese leader has wrapped up his two day trip to the russian capital as well as signing some twelve billion dollars worth of deals that the two countries called for deescalation on the korean peninsula auntie's lord has been following the talks. one of the most telling things that they had to say was that day and this was said by both sides that lation is now between russia and china a bet that may have ever been in the history and that is something that time and

time again during the various appearances by the two leaders obviously they talked about many things they agree don't cooperate shouldn't agriculture in space and business in the media almost every sphere you can talk about they side deals with twelve billion dollars and they were all smiles about it. it. is just good chinese businessman who told me that ice cream is very much enjoyed here as i promised and i brought you

a whole box of russian ice cream says. the chinese leader also said that the world was growing turbulent restless and case in point north korea launching another alleged into immediate plan this to miss out success with the heightening tensions in the region and here the chinese and russian leaders came out with a surprising solution the signs suggest north korea voluntarily declares a moratorium on nuclear tests. missile launches and that the u.s. and south korea refrain from joint drills the idea is to get both sides to deescalate and to pull back away from the brink but washington has other ideas

donald trump has urged china to increase pressure on north korea to force it to back down in its alleged again pursuit of nuclear weapons and missiles the pentagon has reportedly said that it is now considering a show of force in order to deter north korea from its pursuit of weapons there is already a show for spin by the americans in the south china sea the moment we're in the position where on one side of the equation you have somebody who has extremely limited experience in foreign policy is a little bit flaky and certainly very unpredictable and on the other side you have claimed john byrne who frankly is in the situation so well we're at a relatively dangerous time at the moment and it's showing the shifting tectonic plates in world affairs that it's actually russia and china who maybe to stabilize the situation she jumping as visit to russia comes at

a time when china its relations with the u.s. armed shaky ground as off the beijing or did military vessels and jets to warn off an american warship which according to china violated its territorial waters in the south china sea on the scale of more pain looks at how things started to go wrong between beijing and washington. remember the famous chocolate cake that donald trump used to woo the chinese leader we had the most beautiful piece of chocolate cake that you've ever seen president she was enjoying it that was the first time that trump and she met with trump putting on a grand dinner for she which also featured trump's granddaughter singing a song for she in chinese. well that was back in april sense then trump's charm offensive seems to a falter here's how the chinese foreign ministry sees it. president xi explicitly pointed out that china u.s.

relations have made great progress in the recent days but it has also been affected by some negative factors a fair few such factors actually unlike the u.s. accusing china of being a top human trafficking offender china was downgraded to two or three status in this year's report in part because it has not taken serious steps to end its own complicity in trafficking and washington's plan to sell one point four billion dollars in arms to taiwan which china regards as a breakaway province didn't exactly go down well either time in alienable parts of china and the u.s. weapons sales to taiwan violates international law as well as the basic phones of international relations china firmly opposes it's. another thing that china firmly opposes is the insulation of american missiles right on its doorstep the deployment of the u.s. missile defense system in south korea does serious damage to the strategic security interests of all countries in the region including china and russia and disrupts

the regional strategic balance well it looks like relations between beijing and washington won't be seeing any major reset but how big of a blow is that to china right now china's president xi is in moscow both china and russia would like to. demonstrate a common interest you can be a. deteriorating. relations with the united states both understand that from administration. a serious fan of uncertainty and very cautious demonstration of. china and russia you seem to be beneficial on the polls. despite trump's attempt to be best buddies with she a while ago looks like the geo political set up hasn't really changed just like under obama the two eurasian superpowers seem to be getting along pretty well while the united states is distancing itself and distrusting both of them. r.t.

new york. after all the fuss over the trumpet ministrations possible links to the kremlin the u.s. and russian presidents will finally come face to face the two us that to meet at the g twenty summit in hamburg this friday partridge has more details. well this year's g. twenty summit promises to be very interesting indeed the white house and the kremlin have both confirmed that presidents trump and putin will meet on the sidelines though after six months of russia dominating the headlines and moscow admitting that relations between the countries are it is zero however it's much anticipated by other people that this will be the highlight of the entire summit what is it that we're going to be talking about first of all this ukraine and secondly the syria and that promises to be very sorely indeed after the white house came out with the unfounded allegation and indeed prediction that president assad would use another chemical attack in syria and that to which i quote moscow said is

an invitation for provocation and then there's the g twenty summit venue itself it's been in hamburg where there's been protests and demonstrators are saying they're going to be even more of them and then there's a scandal amongst the policeman the burning police were drafted in to help the hamburg colleagues in providing security for the event but hundreds of them have been sent home after a scandal where the party got out of hand where public sex fighting in striptease seem to be the order of the night and therefore inappropriate behavior was the reason that they were sent back and then this president urges bodyguards they've also been told not to come following the recent time in may when they were accused of beating up protesters outside the turkish embassy in washington so all in all this year's the g. twenty promises to be very interesting indeed ahead of the summit italian land artist. created a giant portrait of lot of putin in a cornfield to create the image but drove his tractor into a field measuring twenty five thousand square meters past the finals of around four

football pitches in a similar way he has previously created portraits of a number of influential people including pope francis' nelson mandela and donald trump who is another big figure at the upcoming g twenty summit. austria's ambassador has been summoned by the vienna as reported plans to deploy troops at the borders between the two countries the italian interior minister has strongly criticized the decision. it's an unjustified and unprecedented initiative that if not immediately changed will inevitably have repercussions for security cooperation between two countries. it's all happening amidst an increased influx of migrants and it is highly artificial the day bensky has more. there has been summonsed over the fact that vienna has said it could deploy up to seven hundred and fifty troops to the border with italy there ready to be deployed at any point and it has already

deployed a number of armed personnel carriers to the border to the brain a pass which is a mountainous pass between italy and austria and that's because austria is concerned about the growing influx of migrants to italy which may then cross its border into austria so basically what they're trying to do they're trying to say that they will shore up their own borders if there is a continued influx of people moving northwards from italy now that's because in the last few years hoffer million migrants have landed on a tally and shores many of them not wanting to stay in italy and if we look at the figures this year alone the un migration agency says around one hundred thousand migrants have landed on european soil from the mediterranean sea since january of this year and the majority of those more than eighty four thousand have landed in italy alone now i was in the italian island of sicily over the last few days in the

city of palermo looking at some of the issues that have been caused by this mounting my current crisis and what we saw on the streets there the fact that many of the mafia gangs have now teamed up with migrant gangs and they're actually forcing migrants to work for them in criminal activities such as selling drugs we've seen over the past few weeks migrants being stopped particularly on the french italian border and being forced to go back to italy now italy has just said it feels abandoned it just cannot cope with this mounting crisis what started as a call for help by italy now looks like it could be turning into a diplomatic crisis as countries in the e.u. look to close their borders off with a. counterpart leaving it to me do when dealing under the continued pressure of crisis in fact the un refugee agency has already expressed concern over the issue

according to its other countries that should also share the responsibility for my italian foreign minister franco of retaining spoke to us earlier and was scathing in his feet with europe's involvement in solving the migrant crisis it is unsustainable situation minister gentil own he's trying to promote european soli darity but unfortunately the reason these grigg a show of european union all round even the beatles are bassy. to you unfortunately grooving completely useless on helping on solving the migrant dries today unfortunately the weakness of european institutions and national egg leading to eyes only. be the mediterranean these is simply not acceptable we saw a few days ago. crane mailed people to ball

before hollows where some my grounds are. located so some a.p. still all of violent intolerance could be absolutely wrong but the response by dole's extremist group that it needs fighting against any kind a welcome the migrants any kind those. so a very wrong response to a roman solution for decades on migrations. earlier today the european commission announced a plan to help italy and libya with the influx of migrants the e.u. is set to earmark thirty five million euros for migrant related expenses. the russian meddling saga looks like it's now moving to germany which is gearing up

for a general election later this year the country's interior minister says he expects russian hackers to interfere in september's vote. we don't love the possibility that there might be some sort of attack during the german elections. thomas to measure here is that russian meddling is a possibility simply because it's only a let is already happened during the two thousand and sixteen presidential election in the u.s. just to remind you no evidence was ever presented of such interference the report that was provided by american intelligence as proof only contained expert assessments and when it comes to the general the german election officials admit they can't even say for sure which candidate the supposed russian hacking will be aimed at. we don't have any knowledge of russia any other country supporting a particular election candidate in germany the issue of russian meddling has been repeatedly brought up in germany recently prompting angela merkel to ask the

country's intelligence agencies to investigate the claims however the publication as a fifty page intelligence dossier was canceled in february due to a lack of evidence under a home cohen m.p. for the left parties say such accusations are nothing but the german government's paranoia. question my government. last year and there was no real proof all these allegations. or aren't generally say what we heard today. under leach. cyberattack. to the democrat to. the us last year. and some of the expect. this will happen in germany by. far i cannot see any new evidence any new proof

so this is. i hope. really well not all too much. meanwhile and america has unveiled her election program and some have read a lot into one specific change in the wording piece to all of her explaining. what a difference four years could make to a political friendship like in twenty thirty when uncle merkel published her election programme she referred to the united states as germany's most important friend however the most recent one low published ahead of the september's vote well somewhat downgraded the united states to the role of partner it all really highlights just how the relationship between angle merkel and the president of the united states has soured since donald trump replaced barack obama in the white

house and you can clearly see it in their reactions from. thought to this. ok. when barack obama was president i'm going to merkel was always there right beside. not just at the photo ops but also when it came to policy points as well. that's all still i chose from a german perspective the us german and u.s. european relations are a core element of our foreign policy with september's election looming large her critics they slam her saying she isn't tough enough on trump the german chancellor must sometimes do to be in conflict with the american president up to now she has only done that in abstract terms we have to take into consideration angela merkel is campaigning time at the moment so she has to look after the voters.

and try and policy program you can rather well not. over emphasizing friendship and partnership with the united states it is not a policy shift that may last very long because you campaign manifesto makes it abundantly clear to the german voters that a vote cast her as a vote cast against the policies and presidency of donald trump peter all of the berlin. cats are says it has responded to an ultimatum from a saudi led bloc that sanctions the gulf states the qatari reply was passed along through kuwait which is mediating the well between the country's council's foreign minister made the announcement after talks with his german counterpart in. yesterday we presented this reply which was prepared in advance in accordance with

the previous schedule to the emir of kuwait the reply came in alignment with the general initiative to protect sovereignty and respect and in disagreement with interference in any state's internal affairs in accordance with international law we cannot talk about this in detail because it is now in the hands of the brother state of kuwait and only they are free to speak about it. if you should understand of course that we discussed the current crisis in detail and i want to reiterate when there isn't a dispute like this one side leveling accusations against the other that side cannot say yes i accept everything you say. and started a block once qatar to cut its ties with iran and the militant groups named by the saudis and their allies as terrorists cathal has also been told to shut down a turkish military base although its territory the thirteen points to make them includes the demand for cattle to close all of its international news outlets including al-jazeera and the sound of that block wanted cease contacts with

political opposition groups in their countries qatari officials earlier spoke out in defiance of the demands this list of. demands made to be rejected it's not made to be accepted or not made to be negotiated is not an easy country to be swallowed by anyone. we are ready we stand ready to defend. now while qatar may be a small country it's a significant regional power player the us has two military facilities near doha one of which is washington's largest base in the middle east turkey's first military base in the region is also in castle with the two nations often hold in joint drills across the gulf it is iran which has the world's biggest natural gas field with cattle has been criticised by the saudi led bloc for its cooperation with to iran earlier on a day or two to my colleague discuss the crisis with london based professor malik

garland retired saudi navy commodore. a little here. we should look at this situation then it's beyond al jazeera or qatar for that matter i think the fight against radicalism doesn't stop at financing i think we've reached a stage that we need to accept that we have been in specific is the problem in both countries both protagonists and that it has failed as an ideology for both countries and by that i mean saudi arabia and qatar i don't know clea the people of the closer to the saudis regarding the the will fly for social so even social but social behavior and many of the qataris are descended to full for a family of four families from saudi arabia and tribes from sort of a.b. there's a very very high respect for the for the qatari people but we are having just two too that think. relations with the others have to change

you know i have to waltz the lashes if we look at saudi arabia's foreign minister you've talked about having a high respect for the qatari people yet the saudi arabia's foreign minister says quote the measures adopted against guitar intended to change the tolls policies as these policies harm and i suppose some an international perspective why is riyadh deciding what's best for the tall taught as a skin to kneel and to. to actually you know look relation to god being god didn't get a list organizations that are harming saudi arabia i mean directly general called me old school a little bit but i think frankly the only way to do this in the tribal diplomacy fashion is to have a sit down and in my view instead of escalation in this sense of pride and humiliation i think maybe an invitation or something to tell me more of the foreign minister and just having to sit down instead of this public i think you know

discussion where you know the u.s. government is involved in prayer. and trump is saying something in his secretary of state to say something else than ever exactly exactly. exile them into riyadh and just have this discussion both obviously agreed in this fight against terrorism i knew both being very dim and diplomatic but we can't ignore the fact that saudi itself has been accused of sponsoring terrorism so some may view again these extreme public demands of come from the saudi led group as being rather hypocritical saudi arabia have. played a very very big part looked only in saudi arabia but on the war to fight terrorism and saudi arabia is one of the most successful country in and fight and fighting terrorism we did we did it is a very very very very very heavily truth be said i think everyone made mistakes or

we need to do is look at syria which is still a festering wound for all of us and as we know the us russia everyone knew i was. pulled into that conflict but yes there has been a joint command. operation between qatar saudi the us and others there's been money used and so on at least as far as the intelligence reports suggest mistakes have been mean. israel has refused to allow a palestinian teenager to leave gaza to receive medical treatment in jerusalem seventeen year old khaled gary was salt and wounded by israeli forces during a protest at the gaza border in may. the. i went to the borders to protest against the siege and support the prison as jerusalem's they shot me in the hand and i fell down screaming my hand it's

paralyzed i didn't feel the bullet and my stomach had to get in when the doctor came out so he took me to one side and said the situation my son was in was very serious he was expected to died any moment one of his kidneys was destroyed his intestines ribs his liver was badly damaged and twelve the answer is cut. the reason for the denial of our request had nothing to do with security but a new directive is surely a year ago to deny treatment to israel to anyone injured near the eastern border areas look i can't raise my hand i can only raise it with the help of my other hand . israel said it was rejecting their request for medical treatment because cal it is considered one of the main inciters of riots that broke out on the border. up next

on our look at the negative side of tourism in some of the most popular european cities. with manufacture consent to step into public wealth. when the ruling classes protect themselves. with the final merry go round. we can all middle of the room see. the real news is really. welcome to the wonderful world

of blood donation i come here every three weeks to get my transfusion to be specific i receive immunoglobulin that my body gets and some bodies that i cannot produce itself around the world giving blood is seen as a symbol of generosity no one does this because it helps people it's just that one of the side effects is that it. applies more. to put money on your car radio we don't have all plasma based drugs today come from private companies and are produced from paid plans much smaller. you know murder and. what are the risks of a donation. then it is proved that the frequency of pathologies is much higher in paid donations. if i would mind. over two years.

he will go to get the money using the federal and who runs the blood business. descent totally peaceful. venice its peaceful hours are numbered. is also stealing itself in the early morning. three unique cities in europe with one problem the skidding would all the time. it would have but yes you know what that that benny hill. that's not so many things that you put yeah. i did

a city didn't like the quotes but coldplay concerts can do with colds of tourists every day the whole year round the peak season in some cities in europe results in the state of emergency. is the best they became get out because there is no such on coalition. place a couple stories on the. local residents suffer from the mass of this it is they feel pushed out robbed of their own city how to read by noise and simply swamped by phone too many visitors. tourism is going beyond old bell it's not just in venice but the locals are not giving up without a fight. it's there for the. moment. to show you how

hot making you feel. city tourism in europe is booming this never before fueled by aggressive price dumping budget flights and the sharing economy trend which offers cheap accommodation worldwide. all the authorities dealing with the onslaught in one post so i could not really could i would even buy you have fema kosher meat and these are going to the national gas for basically combining a muppet and his fish as the only charge a tip if is should the rest proceed to the city as an expanding business model with customers instead of this it has but how many tourists can a travel destination cope with without losing its identity its all them to city and does the enterprise end up in profit with. the cat outlook

on our clothes and all that. just. change on me only the end of the day b.p. . and the city coffers despite must tourism so what happens to all the money brought by the millions of visitors. the man until that one at that at what is the got that will have an ad that sincerely that adds up or break the sense that we're s.c.l. when we get out when i see oh yes it went just back when i see oh isn't that anyone that has a. tourism in europe generates four hundred billion euros a year of the ratios market and the whole of shady business of roads and gamblers of gambling with few winners and many losers. the boss alone they to destruct one swarm of boss alone as poorest in shabbiest areas the photographer he sends for now knew the place. when it was still home to three

thousand fishermen. the bustle of nato was always a workers' district which attracted people from outside looking for work so strangers are actually nothing new but in the meantime things have gone too far for the fifteen thousand inhabitants of bustling may to be senseful now understands his neighbors concern. i'm not out for a festival therefore i didn't write it down to stash any more terrorists in iran i need to raise him to up high traffic. i mean i know that's good bamidbar it academic because if. there's one thing i did ask the national i didn't tell anyone there aren't enough. but mass tourism has not come about by chance a lot of people have lived in wasilla netto old their lives now they're worried about their district which for

a long time was not touched by tourism in the last fifteen years though bustling data has developed into a magnet for tourists because it's a perfect combination of city and sea since the beach and brahmananda were remodeled most of the nato has become a favorite destination and not just for the local population young people and particularly often come for a weekend trip to party. their lines of a flights to boss aluna for less than twenty euros online websites like b.n.b. provide cheap overnights in private homes the slogan welcome home. photos by the sense for now document the changes in his district. a couple of years ago one of his photos made him famous overnight. a group of male tourists fooling around. the photo when global as far as

australia the problems of mass tourism in the mediterranean city were brought into sharp focus in boston learned to pick to spot to cry the last straw for the locals. from. you know the medici. you want to. buy for the. money. but i want to i don't know but. the graffiti send a clear signal tourists are destroying the neighborhood they should respect the

district or else. the locals particularly angry that. saw turning into home today apartments and that's pushing up rents the ban is cool in visitors to stay in hotels and leave the flats for the locals. so that either one of yours are better than living but i'm leaving the country that you're not. with your agreement with the project but the. better you. can read that's. actually the way. most inhabitants of basile and alerted that they'll soon no longer be able to afford their own district a justified concern since in other districts a bus alone a single whom's are providing two dwellings for tourists as in the old quarter for

example. and barry go to one outspoken critic of the situation has been an activist and is now the new mayor of boss alone i guess that we're going to put him back make up not get caught up with him accept that that it's better that i say that i'm more than that what he's much even though he's not my civic that when his mother said that. men put on the address on the left as he had to stick i see no ice and not facts but i was pushing that i am somebody less you that as we that as my colleagues at a school that doesn't mean that the my peak i'm going to be it was an enormous school visit us. venice theme park the fears of other callao meet with incomprehension from venice his men. they took it up his quota joining this into their butts alone a primate that i thought i could lay for about

a mile for shiva to get out of but the sort of the man your. brain does it well shoulder there with you and your own very small nationality but your national accord of out of that all that levy thousand we. are they want to bet us that she thought she called the mandate she felt at home by the out of the local they could both of you know closure of all go away. but does the man knew his own city he's been in office for a year he's an entrepreneur and then is his first man who doesn't live in the historic center but on the mainland venice is way beyond the phase basile in there is currently undergoing the number of people living in the historic center has steadily declined since nine hundred fifty from one hundred seventy five thousand back then to just fifty five thousand today that's swamped by the stream of visitors how many actually come nobody knows for sure the city only counts

overnight states. no day visit us. could still have meant about going into us about it and then get up to suggest ice is made you want to listen get us an offer in a dish kanya fund in the. noise made your. media done that manage about kind of last minute we needed to find them and i need a massive. damage. being that of us about. the figure is confirmed by the nature conservation organization italian nostra the millions of visitors don't bring in much to the city's coffers the mainly dittrich those who don't pay tourist tax that's only true for stays above twelve dollars but the private sector has a massive tune of one point eight billion euros a year and that's official. venice has always been a popular destination but it was the advent of mass tourism and changed the city

forever the foundation for this was laid by men. ninety nine to the propagated privatization as a way of relieving the city's strained finances venice opened its doors to global capital that. petra risky is a german journalist and although who's lived in venice for twenty five years she's witnessed how the city has sold off its palazzi prada board property chinese investors benetton and many others. are also needed a mountain benetton is going to start to get down off by. a. nano tale i saw founded as a school that's inside seething janya its own kind those indices. down.

for a novel. conduct research into mafia circles into the called minor of political troops and corruption. she knows the tricks investors use to turn up the dated houses and pull out see protected buildings in venice into gold mines the magic phrases change in designated use but this requires political approval. had to have help convent things in it they had to. invent my shirts and the dean and specially in this one these i sneaked in had them build on my stuff dad is a nuisance beginning and now it's come down maybe even down to shaft me demanding the name of the law relating to the change in use councils the protected building provision doesn't regulate what can be sold in the venerable building so the world

heritage site this stuff. even if you've got a lot it's a. little. that you. need to get it to. make it but in the of the. well i mean people that. they. can. see that's not still at the back. roads here of all. these magnificent. lot of problems yet completed money's.

magnificent. some place from which to see my poor food. and save me save us from people really nice and friendly in my conformance feel welcome in russia it's all very interesting. because the food was dusty at least not very enjoyable place to be in military friend make a coke by sundown. i did not feel like one letter to be so miserably some basic going through. the punch to go station also i mean most people don't realize here where very bad the prices have come here which of those people will still. be a doozy saying. a few there won't be cheap but then through and through all that country

stuff let's idea is the right to go to us companies he said if we give them everything slipped into fast. discounts. this is what we don't understand how we are in such contracts. that are sent to the ones at the same time. noticing how come into. the saloon. similar to similar to john a good one. because if you feel. the minutes of on board not that got. to with the phone about the food truck with the plane. to come back to the three story you do have to see. at least that's the. queue move. move move you.

the city's direction seems to have been decided by all those despite negative headlines. for years and vironment activist thomaso cut charlie who lives in venice has been consumed with the negative consequence scrooges tourism has for his city. and i mean they're going to. get an all. good done and all i'm doing. a lot of joe coming to a large watching c.n.n. ok though of this quality mentality. we mad soul spall still no body. being told what part of the handle the strain that they think that she made to be doc why depended on. giving little spin control that should. be going to relieve your biological drive from the mean to achieve it by having going on

a national. level that. the vast wash still has up the muddy sea bad undermining again and again the foundations of the city is built on piles. and the city itself is not the main profit maker from cruise tourism that's the v.t. people come they need. a private offshoot of the public pool to authority. that. is three percent of the stuff the dream is the infinity and see me through the senator's kemah multiple given access to the little bit said if you know what you. she is being down. on the switch it up i see only what i think that. they got it but all of it for but she didn't say a vague. idea that i can get it in one thing that's going to finance the idea. switch it up it's the only but i mean the only. it would go. back into.

the precise tune of is kept dark the portal thora he chose not to comment. is hardly surprised since he too gets no information from them that's why he's helped set up an action group in venice. its slogan. a new crew ships that demonstrating on the banks of the jew decker come out which is passed through up to twenty times a day by ocean going giant is entering and leaving the pole the protesters want to stop the huge ships sailing through the lagoon all together they should use an alternative route and outside the city today the activists are planning a secret rather precarious operation that i will be channel well mary knocked up go out me with a now the. great thing now be settled down to better. know

if through going on at all thank god i think i'll be moving to note that if i'm not me ah then now be so knocked up i'll get out i'm the green i looked up when you wanted to quit but now be increased they need to be so disobedient to make what the to be to me don't belong be it might be demonstrators intend to book the canal and prevent three cruise ships leaving. it's not only in venice that cruise tourism is seriously damaging the environment german is nature conservation union has criticised the lack of exhaust purification on the ships worldwide the fuel by heavy oil which emits a hundred times the pollutants of standard truck diesel. we get a fairly good been waiting

a model can it get. i don't jordan i've been open. to that got me yes and if. they were doing that finale finance the idea that i mean. it was bad for the logic that if richard petty. then isn't alone in choosing a private sector structure for its poor. aloneness pull out europe's biggest the cruise ships is also partially privatized the city was not always so attractive to tourists the turning point was the one thousand nine hundred two olympic games around two billion was invested in road building hotels and remodelling the coast. with twelve international concerns the city undertook the biggest marketing program in its history. it was not long before property prices rocketed. one example in one thousand nine hundred four the ritz carlton group opened a luxury arts hotel the building cost one hundred thirty eight million euros twelve

years later it was sold to a single pool based international consortium for four hundred seventeen million euros over three times as much but has meant that council games and would not leave adelaide to see only a phenomena that i robot had to see out i'm going to split because it was the last democrat the girls come but when asked i want to split us finances a couple of deals for the embassy and that russell dallas cannot deny look at it and i said empty so i'm not going to my seat anastasio that it got out of that office here that a week from as they want to write about a man who's got a seventy son and all the while i see it that a couple dozen then and i think that's not at the risk of if it looks that once again is that that he that has put the hours. in the meantime property prices have also risen in other districts and boss alone the result of gentrification as in every major city. districts change their character new

restaurants open up and the place is something cool. if in addition the city is this popular tourist destination as bus aluna the tourism intensifies the effect. that i see with that house but it's misandry x. if i didn't blatter got a look at his upper teeth and i was invalid i'm blessed now that i'm doesn't i'll go how can i buy from cafe i cannot afford the two he asked and obviously a movie that will. last is a classic i don't buy that story steve a most but i'll scotty seems pretty he was put out by his that i see it that easy i'm glad he's gotten back at the assets by now you cannot that i have able to get out of a light on that last a valley muck it up enough to get em another activity but show the em that i don't want that. deal broke out of a lot of rhetoric but the fact that i'm in my having ghettos yesterday steps that i

don't mean i'm going to see it that same by the way said but i'm a plum to don imus who's right if i'm able to use this stuff. the catalan architect daveed bravo still regularly comes to the boulevard oh my this them are all. i have seen enough and see up this morning forgotten by pull it off and show nails i don't like it as premises of conflict that is so that must happen is that i me then. they also and i guess i must because of the respect that i show up and. overlapping that inborn interconnects them of the reason i do but mostly because of . the number of visitors to barcelona just keeps on rising in the year two thousand.

three million and twenty seventeen the city is expecting ten million tourists. an additional problem is that the tourists tend to keep to a small area they stay in the old center stroll up and down the rumble us and visit the famous market nearby for tourists it reflects everything they expect from an authentic mediterranean place but they rarely come to buy vegetables meat all fish for the week. and. a lot of stool holders have already adjusted their range of goods you can only survive here if you adapt to the needs of the tourists. that. whole hampshire next are often just for decoration and photo ops some traders though are resisting the trend especially those who still remember how the market

used to be. like this and. opened in eighteen forty. wasn't too recent is the main market for the inhabitants of dos alone dotted bravo like shopping in the market hold steeped in tradition nowadays he only comes to conduct studies. i am in a little body have i made myself arafat but i get that whatever the found. on men's and if i want to. ask but i was. not going to let you know about it. i want to. say that i want to say i will. when public

space is increasingly restricted and globalised cities lose an important cultural resource and ultimately i teach you to life. saturday morning in the historic center of dubrovnik only a thousand people live twenty years ago it was five times as many. one of the few people to have lived abroad and returned to their home city is cultural anthropologist and that's available. she's interested in the effect of mass tourism has on the cultural identity of cities and represents to both make in the european cultural parliament at the weekend she likes to get to know the market traders personally for us they always have fair prices that the. tourists in the south what they sell if they fell ill i think i want to watch the medal they give me food

though they don't like the wrong side of. like parts of. venice the old quarter of dubrovnik city wools is a willed cultural heritage site the city was already a popular tourist destination before nine hundred ninety since the end of the croatian war it's rapidly developed into a magnet for visitors april to october sees an average of one point seven million tourists up to fifteen thousand on some days most arriving on cruise ships. are going to make was may select exaggeration of the doubt on their cars the substrate. putting out because once you want to go to only. see it go back amazing that. it may set up a stunningly. in them unluckily for us on this national get out of them in such

a gradual tradition. the sun was made to the gummy. bunch of boston after coffee. but i can't be all going to change our question today could have been monitoring how it was facing. the football from not let me share a couple of months ago on the me. when i was really. had to go to bed to go to some of those real emotional induced through sleeman you feel more you moved over on the canal ritchie studio now to negotiate the much of this will be able to. see me this will start a war supposedly all someone who would only be the winnipeg immuno i'm not in new good in aerobic would never pick up these are people who tend to sleep in the present should normally be. said this was of to roast it was. on the carousel care designed to kill people because it is doing its job just like

the architects of the grand isle tower in london and the folks that put up the flammable cladding to kill people that's their culpability and that the people who are designed this health care are doing so to kill people that's their culpability in the capitalist system in america as iterated by the current regime of kleptocrats thanks killing people is necessary to make ya payments in greenwich connecticut. welcome to the wonderful world of blood donation i come here every three weeks to get my transfusion to be specific i receive immunoglobulin that my body gets and support is that i cannot produce itself around the world giving blood is seen as a symbol of generosity no one does this because it helps people it's just one of the side effects is that it. applies more burning people put their money on your car immediately you don't have all planned. based drugs today come from

private companies and are produced from paid plans much smaller conference in rome or car and give. one of the risks of a donation which. then is proof that the frequency of pathology is much higher in paid donations and. if i was lying when i. was over two years old he will go over the money using the drill and who runs the blood business. i think a little more that it is not going to let. me. down. i. learned it doesn't.

russia and china call the deescalation after north korea tests another ballistic missile during president xi jinping is a two day visit to moscow and. donald trump will have his first face to face talks with lot of near putin at the g. twenty summit on friday one of the most anticipated meetings of the year now confirms. germany says it's braced for russian cyber attacks in september's general election but officials saying exactly who moscow supposedly supports. and we don't have any knowledge of russia or

any of the countries supporting it. to kill an election candidate in germany. italy summons austria's ambassador ever vienna's plans to set up border controls between the two countries. hello there you're watching r.t. international broadcasting to you last from moscow i'm mccarran good to have you with us this hour. top story the chinese leader has wrapped up his two day trip to the russian capital as well as signing some twelve billion dollars worth of deals the two countries also of course the deescalation on the korean peninsula. has been following the. one of the most telling things that they had to say was that day and this was said by both sides that lation is now between russia and china. that may have ever be he street and that is something that time and time again the during

the various appearances by the two leaders obviously they talked about many things they agree don't cooperate shouldn't agriculture in space and business in the media almost every sphere you can talk about they side deals with twelve billion dollars and they were all smiles about it. a lone warrior. is just good chinese businessman told me that ice cream is very much enjoyed here

as i promised and i brought you a whole box of russian ice cream cheese. the chinese also said that the will was growing turbulent restless and case in point north korea launching another alleged into media listing michel. successfully heightening tensions in the region and here the chinese and russian leaders came out with a surprising solution the side suggest north korea voluntarily declares a moratorium on nuclear tests and missile launches and that the u.s. and south korea refrain from joint drills the idea is to get both sides to deescalate and pulled back away from the brink but washington has other ideas

donald trump has urged china to increase pressure on north korea to force it to back down in its alleged again pursuit of nuclear weapons and missiles the pentagon has reportedly said that it is now considering a show of force in order to deter north korea from its pursuit of weapons there is already a show for spin shown by the americans in the south china sea the moments where in the position where on one side of the equation you have somebody who has extremely limited experience in foreign policy is a little bit flaky and certainly very unpredictable and on the other side you have came john byrne who frankly is in the situation so well we're at a relatively dangerous time at the moment and it's showing the shifting tectonic plates in world affairs that it's actually russia and china who may be to stabilize

the situation. meanwhile washington has requested an urgent meeting of the u.n. security council over the north korean missile test the u.s. wants it to be held behind closed doors so we're going to be keeping updated on what comes out of. she did things visit to russia it comes at a time when china's relations with the u.s. aren't shaky ground and softer beijing ordered military vessels and jets to warn off an american warship which according to china violated its territorial waters in the south china sea on the scale of more pain looks at how things started to go wrong between beijing and washington. remember the famous chocolate cake that donald trump used to woo the chinese leader we had the most beautiful piece of chocolate cake that you've ever seen president she was enjoying it that was the first time that trump and she met with trump putting on a grand dinner for she which also featured trump's granddaughter singing a song for she in chinese.

well that was back in april sense then trump's charm offensive seems to a falter here's how the chinese foreign ministry sees it. president xi explicitly pointed out that china u.s. relations have made great progress in the recent days but it has also been affected by some negative factors a fair few such factors actually unlike the u.s. accusing china of being a top human trafficking offender china was downgraded to tier three status in this year's report in part because it has not taken serious steps to end its own complicity in trafficking and washington's plan to sell one point four billion dollars in arms to taiwan which china regards as a breakaway province didn't exactly go down well either time in alienable parts of china and the us weapons sales to taiwan violates international laws as well as the basic phones of international relations china firmly opposes it and it's another

thing that china firmly opposes the installation of american missiles right on its doorstep the deployment of the u.s. missile defense system in south korea does serious damage to the strategic security interests of all countries in the region including china and russia and disrupts the regional strategic balance well it looks like relations between beijing and washington won't be seeing any major reset but how big of a blow is that to china right now china's president xi is in moscow both china and russia would like to. demonstrate a common interest you can view a. deteriorating. relations with the united states both understand that downloads from administration. a serious factor of uncertainty and daydreaming very cautious demonstration. in china and russia are you seen to be beneficial on the part of both. despite trump's attempt to be best buddies was she

a while ago it looks like the geo political set up hasn't really changed just like under obama the two eurasian super powers seem to be getting along pretty well while the united states is distancing itself and distrusting both of them. are seeing new york. austria's ambassador has been summoned by italy of the vienna as reported plans to deploy troops at the borders between the two countries the autonomy the interior minister has strongly criticized the decision it's an unjustified and unprecedented initiative that is not immediately changed will inevitably have repercussions for security cooperation between two countries it's all happening amidst an increased influx of migrants into a silly are too shallow do bensky has more. there has been summonsed over the fact that vienna has said it could deploy up to seven hundred fifty troops to the border with italy there ready to be deployed at any point and it has already deployed

a number of armed personnel carriers to the border to the brain a pass which is a mountainous pass between italy and austria and that's because austria is concerned about the growing influx of migrants to italy which may then cross its border into austria so basically what they're trying to do they're trying to say that they will shore up their own borders if there is a continued influx of people moving northwards from italy now that's because in the last few years hoffer million migrants have landed on a tally and shores many of them not wanting to stay in italy and if you look at the figures this year alone the un migration agency says around one hundred thousand migrants have landed on european soil from the mediterranean sea since january of this year and the majority of those more than eighty four thousand have landed in italy alone now i was in the italian island of sicily over the last few days in the

city of palermo looking at some of the issues that have been caused by this mounting my current crisis and what we saw on the streets there the fact that many of the mafia gangs have now teamed up with migrant gangs and they're actually forcing migrants to work for them in criminal activities such as selling drugs and we've seen over the past few weeks migrants being stopped particularly on the french italian border and being forced to go back to italy now italy has just said it feels abandoned it just cannot cope with this mounting crisis what started as a call for help by italy now looks like it could be turning into a diplomatic crisis as countries in the e.u. look to close their borders off with a. counterpart leaving it to me do when dealing under the continued pressure of crisis in facts the un refugee agency has already expressed concern over the issue

according to its other countries that should also share the responsibility for my italian foreign minister franco frattini spoke to his earlier and he was scathing in his view of europe's involvement in solving the migrant crisis which is unsustainable situation minister gentil own he's trying to promote european soli darity but unfortunately the reason this gregg a show of european union all round even the beatles are bassy. to util unfortunately he's proving completely useless on helping on solving the migrant drys today unfortunately due weakness of european institutions and national. leading to eyes only. be the mediterranean these is simply not acceptable we saw

a few days ago sound. old cray mailed people put a bomb before hollows where some my grounds are be located so some a.p. still all of violent intolerance could be absolutely wrong but the response by dole's extremist group that in need of fighting against any kind a welcome the migrants any kind of. so tease a very wrong response to a roman solution for decades on migrations. earlier today the european commission announced a plan to help italy and libya with the influx of migrants the e.u. is set to earmark thirty five million euros for migrants related expenses.

the russian meddling saga looks like it's now moving to germany which is gearing up for a general election later this year the country's interior minister says he expects russian hackers to interfere in september's vote. the possibility that there might be some sort of attack during the german elections. thomas to mosiah said russian meddling is a possibility simply because it so he alleges already happened during the twenty sixteen presidential election in the u.s. now just to remind you no evidence was ever presented of such interference the report that was provided by american intelligence as proof only contained expert assessments and when it comes to the german election officials admit they can't even say for sure which candidate the supposedly russian hacking will be aimed at. we don't have any knowledge of russia any other country supporting a particular election candidate in germany the issue of russian meddling has been

repeatedly brought up in germany recently prompting angela merkel to ask the country's intelligence agencies to investigate the claims however the publication of a fifty page intelligence dossier was canceled in february due to a lack of evidence. andrea hanko an m.p. for the left parties say such accusations are nothing but the german government's paranoia. midsummer questions to my government last year and there was no real proof all these i think asians and the arseholes or our general is saying what we heard today was. under leach. cyber attack. on the democratic party in the us last year. and some of the expect that

this will happen in germany but for me far i cannot see any new evidence any new proof so this is for me. i hope that the german public will not fall too much into this. after all the fuss over the trumpet ministrations possible links to the kremlin the u.s. and russian presidents will finally come face to face those who are said to me to the g twenty summit in hamburg this friday kate partridge has more. well this year's g. twenty summit promises to be very interesting indeed the white house and the kremlin have both confirmed that presidents trump and putin will meet on the sidelines though after six months of russia dominating the headlines and moscow admitting that relations between the countries are it is zero however it's much anticipated by other people that this will be the highlight of the entire summit what is it that we're going to be talking about first of all this ukraine and

secondly the syria and not promises to be very sorely indeed after the white house came out with the unfounded allegation and indeed prediction that president assad would use another chemical attack in syria and that to which i quote moscow said is an invitation for provocation and then there's the g twenty summit venue itself it's been in hamburg where there's been protests and demonstrators are saying they're going to be even more of them and then there's a scandal amongst the policeman the burning police were drafted in to help the colleagues in providing security for the event but hundreds of them have been sent home after a scandal where the party got out of hand where public sex fighting in striptease seem to be the order of the night and therefore inappropriate behavior was the reason that they were sent back and then this president urges bodyguards they've also been told not to come following the recent time in may when they were accused of beating up protesters outside the turkish embassy in washington so all in all

this year's the g. twenty promises to be very interesting indeed well ahead of the summit it's highly unlikely and art is dario gambler and created a giant portrait of putin in a cornfield to create the image or enjoy his china into a field measuring twenty five thousand square meters that's about the size of around four football pitches in a similar way he has previously created portraits of a number of influential people including pope francis' nelson mandela and even donald trump here's another big figure at the upcoming g. twenty summit. well with just a day left before the g. twenty leaders are set to meet for their how summit the german city is already and goals to in protests. thank you.

well a german interior minister said eight thousand violent protesters are expected to take part in rallies police have taken preparations for the summit and very seriously twenty thousand officers will be deployed and to a special security zones have been set up in the city well let's now cross live to our guest bruno crime who's the chairman of the berlin branch of the pirate party to discuss this further welcome to the program mr crowder so why are people so angry about the g. twenty gathering. well this is having a long tradition as you might know that in all g twenty summits there have been all always mess if protests were ever they were happening and there is movements like aipac which were founded because of g. twenty basically we live in times of globalization where we can see every bird growing nationalism national nationalism and international cooperation is extremely important but instead of discussing these things people are starving or

on the world the climate change is affecting into more and more people running away from their homes being refugees there's many wars there is so many weapon exports from the richer countries and so far this globalism is only working with newer liberal elements while the people are asking for more participation and for more change with defects into their normal life and this is about solidarity when you say the state twenty protests happened every year this is a little bit different because activists have even created a special platform called welcome to hell the slogan under which these demonstrations are going to take place let's just so all of us have a look. now

we said this video as a reference it looks like a pretty violent stain do you think that the protests will be eight twenty years violent is this what we can expect. well of course the protests got also more professional and he was on a channel of social networks and he was more complaining methods and all have and of course it might have become much more ready kill because the police is also doing a big mistake by escalating everything quite in the beginning showing a really hard line and this is basically what the protesters are not accepting we have freedom of speech in our country and we have the right to demonstrate and to gather to express our unhappiness with the current situation and this is what people do of course this year there is coming from hold over your own a lot of protesters and this is also an effect and expression of

the total imbalance inside if you were all there is many countries who are terribly suffering look into greece look into spain because of the european economic neo liberal politics which are mostly driven of course of germany so we have to this. and they think that protesters are going to be a successful and not disrupting the g twenty summit well the question is always what you call it success of course it will be by the society even more if there happens to many and riots and brutal situations because they are in germany when you show them just like protesters who are destroying shops and burning down then of course the understanding for the main important things of this protest will be not so big so i only can always ask everybody to stay peaceful and just protest for the one thing but we really need this well it's only derek i want to be expecting

from massacure i say that do you think that measures are going to be tyson's considering the threats from the press as does. yeah it will be quite tight and you saw i did you were recent you were just a few minutes ago having a report about. how. and how the hamburg police were sending back this special forces from berlin because they had a little bit hard partying there. but basically they have a really strict again that this year for example it was decided that the protesters can stay with that camp inside of a part and of course they have to overnight there because most of these protesters the young people they cannot afford the mess if expensive hotel prices hamburg nobody was thinking of that suddenly it's not allowed to them to overnight in that tent and without any reason they were just taking away all the demonstrators and

their right to to be. in this park and basically this is a kind escalation which definitely will eat into the wrong direction because in the past we have always seen the best way for the police is always to deescalate to show that the police is not only. helping saving the right of g. twenty summits and politicians it is also saving the right of freedom of speech and the right of demonstration and therefore it would be much more better to be more b.s. collected from the whole situation account not an eye for an eye a crime cham if the bell and branch of the pirate party thank you for your time your welcome. in law angle america has unveiled her election program and some have read a lot into one specific tank in the wording of our explains. what a difference four years could make to a political friendship back in twenty thirteen where the angle of merkel published

her election program she referred to the united states as germany's most important friend however the most recent one though published ahead of the september's vote well somewhat downgraded the united states to the role of partner it all really highlights just how the relationship between angola merkel and the president of the united states has soured since donald trump replaced barack obama in the white house and you can clearly see it in their reactions from base. to base. ok. when barack obama was president angular merkel was always there right beside him not just at the photo ops but also when it came to key policy points as well. so

i chose from a german perspective the u.s. german and u.s. european relations are a core element of our foreign policy with september's election looming large her critics they slam her saying she isn't tough enough on trump the german chancellor must sometimes dare to be in conflict with the american president up to now she has only done that in abstract terms we have to take into consideration angela merkel is campaigning time at the moment so she has to look after the voters. with an anti trump policy program you can rather win well let's over emphasizing friendship and partnership with the united states it is not a policy shift that may be last very long because you come. a manifesto makes it abundantly clear to the german voters that a vote customer her is

a vote cast against the policies and presidency of donald trump peter all of our t. berlin. portugal's president has admitted a military warehouse close to the capital lisbon has been raided his officials haven't given any specific details although leaks have emerged claiming to states the amount of weaponry and munitions that have gone missing the president called for an investigation adding that it's not the first rate of its kind. the really investigate all the facts similar incidents have been reported in other nato countries over the past two years newspaper reports suggest that more than one hundred fifty grenades were taken out of a huge range of equipment stored in the warehouse a large quantity of ammunition and two units of plastic explosives were also taken the country's defense minister has warned that the weapons are likely to find their way on to the black market and nato report stated back in two thousand and eleven

that if such a thing was to happen weapons and munitions would likely be used in terror plots lotty has contacted nato on the matter and they confirmed that the incident did not happen at a nato facility but also said responsibility lies with the portuguese or dorothy's to investigate what happened. let's discuss this further now with hunter author and former british army officer mr hunter thank you for joining us on the program now the portuguese defense minister fears that these stolen arms could fall into the wrong hands how much should european countries be concerned about this. i mean the huge about concern right now to be as the on saturday there was a shipments of handguns around i think seventy nine handguns and association i mean ish and intercepted in france that was bound for the united kingdom and of course we see in this particular instance where you know if the reports are to be true

somebody cuts in see the fence of a. weapons storage facility they didn't go to that sears store houses that were closest to the fence they went to two specific storehouse which is further away than other ammunition storage facilities so it sounds like you know there was definitely some sort of prior knowledge potentially what we would call an insider attack and of course you stated some of the quantities there which certainly could system with other reports that have been released so this is incredibly boring what we've tended to see is the use of improvise explosive devices and the use of conventional firearms weapons pistols assault rifles that sort of thing what we're seeing here of course is the opportunity and the potential for terrorists and criminals to use conventional military ordnance which is you know significantly more powerful and and more dangerous perhaps even more concerning is that it appears this is the first time something like this is happens

a portuguese president said that this happened before a nato country do you think this says that there may be a mate is the curacy lack of nato facilities. well i think if you look at the number of nato facilities and you look at the the relative in frequency with which incidents like this are reported i wouldn't say there's a major threats what i would say is that any particular any preach of security at any one of these facilities is a significant concern because the consequence is of course a dire so it's not necessarily the fact that it's happened before all you know that there's major security concerns certainly with this particular facility one of the reports of course is only days one of the reports is that the c.c.t.v. hadn't been working that c. is which again you know corroborates and suggest the fact that it may be someone with inside knowledge but ultimately any breach of that facility whether it's a nascent facility or any other military organization around the world is you know

has significant consequences there is one spanish news outlet its claims to have had access to the list of stolen ons and if true the quantity is quite large we're talking thousands of rounds of ammunition and hundreds of twenty eight now if confirmed how would it be possible to still so much at one time. well i think you know that same reports that allegedly comes from spain suggests that a hole was cut into the fence. to storage facilities in particular were raided not just getting into these sort of storage facilities themselves require as you know a significant level of knowledge definitely a professional job if you like. if you try to have a match the security systems that are in place without knowing how to get into the more without having you know the necessary keys and equipments then you know they're very difficult to bypass so i think you know ultimately this is

a well planned pre-planned probably with some sort of inside influence type job and if that's the case then i would imagine they had the necessary logistics to support them in removing him transporting these munitions and they could it was stolen. and i chris hunter orthon former british army officer thank you for sharing your expertise on the matter. thank you. but news coming in right now these are reports that police are clashing with protesters then right now as hundreds of protesting against the g. twenty summit we're going to bring it peeping any more on this developing situation as soon as we get it for now up next on our take it to the kaiser report.

guys are this is the kaiser report my love the charcoal it you know chocolates mexican so why is it marketed by the swiss company what the going on here should be paying royalties to mexico to market any chocolate swiss company. actually you know we had dinner with john mill ackerman at a place called as little condesa and it was really good but they actually had me making caesar salad and i think there's some video of me doing that maybe and the other thing is that we learned is that they caesar salad was actually invented in tijuana mexico at least according to the legend at this restaurant on the fourth of july in one thousand twenty four caesar salad invested in invented until one of the last two things incredible that i learned last night number one that caesar

salad was invented in tijuana mexico and number two you can cook and i didn't have to actually cook anything i just mixed all the lettuce and you know we need to go ok fair enough they don't use any sardines or anything salty like that so it's not as salty is actually was much better than a western caesar salad i loved it so i want to talk a little bit about rationing here we've just entice you with the you know major a little bit hungry with the chocolate and the caesar salad but we're going to talk about rationing the first we're going to talk about rationing of capital of money and this is a tweet from eli he says one thing i suppose show this is initial coin offerings for sure is that for better or for worse u.s. securities law deters a lot of investment yes this is a very good point and i tell you why this is an important point. because when i was working on wall street it is beginning a financial engineering creativity. bear came out with the junk bond market

in the came out with collateralized mortgage obligations securities credit default swaps derivatives there's tremendous innovation in the financial space that violated all s e c laws at that time none of the financial innovation of the past twenty years was compliance with s.b.c. law but they said we are ahead of the f.c.c. we're innovators they then when it back in they changed the law to fit what they were doing on wall street asteroid blancpain as jamie dimon they changed a lot of fit what they did already on wall street remember when citibank bought travelers insurance that was a violation of the law that precluded under glass steagall this type of combination but what the citibank management did was convince the government to change the law so the initial point offering is got

a lot of heat and people are saying you're not complied with as you see law that's right the f.c.c. needs to get these to get it with it they need to change the laws and that's what the i.c.a.o. market's doing that's what good court is doing that's why these critics of because a cryptic way in in a saying oh you government's going to wait now if you have the market you change the law exactly but i do think a lot of these i suppose will end up being scams and everybody will lose their all their money. but what this guy is saying is that for better or for worse that this is there's obviously a lot of demand for investment content and material that is not being met by the current markets because of so much as they see regulations about going public for example or for raising funds so it is an. demand but the other thing that he says shows and this brings in the rationing another lesson of i.c.a.o.

is don't ration through queuing what can be rationed by price so you know you will be able are you you talk all the time about the fact when you worked on wall street you guys would have the i.p.o. shares for yourself and you would build them out to. good clients that you like you would give them the early shares before the i.p.o. popped and i saw that source that doesn't sound like it's completely open now where they would ever have said anything like that so at the moment we have a rationing based on standing in a queue waiting to get the first share available here he's saying you can ration it by price and this is what i see the market is showing well it's going to try to be as bright paris with is i see how that is doing over the course of a year or so he's doing it i think in a way that is more egalitarian if you will are fair to the market and remember when google went public back in the late ninety's they tried doing a reverse auction. to go public at that time and bypass the wall street mechanisms

of my own hollywood stock exchange that i created back in one thousand nine hundred six created a way to price discovery to take movies and stars public on the exchange based on my own patented algorithmic price discovery mechanism so this is a non going to bait this new i c o bank or it is it says that it is basically price discovering in a new way that allows for currencies to be better represented in the market so that large dominated forex currencies like a euro or a dollar is kind of on equal footing with a less dominant forex represented currency like a ruble and so it makes sense on paper you need a good management team you need a good market for it doesn't mean it's going to be successful but these guys are approaching the problem with solutions the recent crash theory of price shows that the demand for i.c. . outstrip the market making capacity of the exchanges to make markets in the

i.c.u. knows so what does that mean that means i c o's are bad no it means the market making technology for theory needs to be improved you can borrow from my pad go ahead i don't own or anymore so take it steal it i don't care it's owned by some wacky wall street bank that i hate now but you know in terms of bank or i do want to say i've read basically experts security experts code writing experts who have now looked at the code and say there's actually back doors in it and they can cut you off from the grid so they could they could basically delete your currency so that is in their their technology their algorithm whatever their i.c.a.o. was just so you know so don't go out and buy bank or just because we've mentioned it try to get in on that but speaking of rationing i want to move on to another topic this is again in the united states and. you know. first of all there's a rationing of time there's only so much time that the news has twenty four hours

and what it all the minutes within those hours to cover any news that they feel fit to fill that time for the u.s. audience sixty five percent according to a harvard harris poll say that they want. the news and they want congress to move on from these russian conspiracy theories sixty five percent of americans say they're sick of these this and their air space being filled with this and they want instead to hear about economics they want to know about health care so you know we've had that we had the senate health care bill their version of trump care the age ca written in secret and then it was revealed and it's just as horrible as it were it's actually even more horrible than the republican congressional version and those are a little bit worse than a ca so i have this headline here from matt bruning and it says how many people will obamacare and h.c.a. killed and he's saying both of them are killing people because center for american

progress you know that predestiny finance group neera tanden runs and they're part of the resistance so the ones pushing all these stories about russia gate and russia conspiracy theories all five separate people were by line down the center for american progress post about how many people. will kill this post is quite long but all the authors really do is to take the c b o estimates of how many people will lose coverage under eight h.c.a. and then divide that number by eight thirty they do this because there is a study that shows that one person dies on necessarily for every eight hundred thirty people who lack health insurance so he did it for all of them single payer and it is that down of the bottom zero deaths due to not having any coverage that is obamacare the one that everybody is fighting to defend to the death all the left wing the liberals have been co-opted into and you know. supporting a program written by the heritage institute a very far right wing economic think tank and it's

a little bit. obamacare is not quite as bad as trump care but they both kill well is obamacare a term care designed to kill people because of it is doing its job just like the architects of the growth all tower of london and the folks that put up the flammable cladding did to kill people that's their culpability in that the people who designed this health care are doing so to kill people that's their culpability in it the capitalist system in america as iterated by the current regime of kleptocrats thinks killing people is necessary to make the payments in greenwich connecticut yes and they say that under a child care nearly five hundred forty thousand people will die in the next decade versus obamacare it would be three hundred twenty thousand deaths due to lack of access to health care so i want to turn on to in the last three minutes here i want to move to mexico because there's also a rationing story here trumps russian scandal pales in comparison to what just happened in mexico mexico's latest disgrace involves alleged spying by state and journalist an activist with spyware from israel but more importantly with the

article in terms of this rationing they talk about the corruption problem across mexico and that that annually between two percent and ten percent of his g.d.p. reduces foreign investment by five percent and wipes out about four hundred eighty thousand jobs due to corruption but a lot of it is in the individual states and the governors and one in particular they mention is the former vera cruz governor harvey a day also of the p.r.i. party the party that runs this government run the state as a personal cookie jar tracked down to guatemala and april and duly arrested duarte is accused of skimming hundreds of millions of dollars from public funds is plundering of his own state left to their rooms of has come to symbolize a culture of corruption that reigns in mexico and one scam has become emblematic of his greed allegations that children battling can. or in his state were given water instead of chemotherapy drugs so that he could keep the funds meant to pay for their treatment for himself so right now there are no fewer than sixteen former

state governors either in prison waiting to face justice or on the run but here that guy with that you know the news is saying this guy is obviously evil you steal water you do you give these little kids not chemotherapy drugs but water i mean how is that any different from obamacare or trump care well it's a very different than flint michigan being forced to consume lead laced poisonous toxic life killing water right it's an industrial death policy brought on by corporatist and cup the krauts again going back to the news media in america time is rationed they only have so many minutes between commercial breaks to give the news to the american people and it's all russia russia russia they want to stop hearing about this they want to know they want some of that ration the time to be devoted to health care policy to the economy to corruption to competitiveness to these sort of issues that actually matter to the individual down on the ground but

the corporate media will tell you the way they see it is that there's only so much news they can force feed in between commercials exactly right at the commercials are what they're there to serve not to live for us it's good because we are so successful our network and our show because people do there is still demand for it it's just that their you know the likes of m s n b c ration their time devoted to economic issues and policies that matter to the ordinary person fair enough that's beautiful but we've got to talk about so don't go away stay right there. yes there is a saying. there on the cheap but then you went to all the countries let's

idea the right to do is come he said if you. look to the past. the discomfort. this is what we don't understand how we are poor in such a. person to the ones at the same time. but. similar. because if you feel. the middle of not got. to the front of the computer with the plane. to come back to the three story you have to see. the.

movie. welcome back to the kaiser report imax guys are loving it in xico yeah i would like to resume my conversation with columnist and economist alexandra nato welcome back thanks very much all right we were covering the entire you know mexican economy a stagnating we talked about why the previous episode you know the money doesn't seem to drop to the bottom line it goes off shore basically sort of the corruption of the panama papers revealed exciter and it's. i mean you have a policy package that conspires against growth and you've been implementing the sponsored package for three decades. if you consider that the main priority of the

mexican policymakers since one thousand nine hundred eighty two was to control inflation. then you will have the explanation of why the mexican economy is stagnant because how do you control inflation the mexican policy maker following the i.m.f. or the world bank of the russian the consensus said it's very easy we will control aggregate demand how do you do that compress wages if you look at wages in mexico you think wages have stagnated in the u.s. they were in europe since one thousand nine hundred ninety look at the mexican data and you will it's really amazing this is really the average is ok so you repress wages you restrict public expenditures because this is a major component the back look at the math so you restrict. expenditures you increase interest rates and you use the change rate as an anchor for the system of relative prices in mexico to control inflation all of these things

combined give you a clear message of this economy is not going to grow ever and this is the policy package that is crystallized and fixed in by nafta so this when i say we need to get rid of nafta we need to recover space for economic policy the world has changed we're not living in one thousand nine hundred two we need different objectives it's not like we're going to use oil as a lever for you know a lever for development hey look at the world today look at the amount of oil we have left that's not going to happen we need new priorities both at the macro economic level but also at the sector level we need to recover our good at the agricultural sector has been devastated by napa for example so there's a lot of homer we need to do but the basis is we need to change this policy package that is a perverse system of. i should say forces say it came in as a xian ism it's. an ism if you want to say that but it's you know it

is really a combination of instruments that princes growth employment and fiscal revenue so if you have a package for mexico. economic policy has really. a little into this. morning of stagnation ok so on protestors around the strait they're saying the reagan factor as i'm the monitor is ation of the economy the financialization the nail liberalization started in the eighty's the early eighty's and that period they talked about the devastation is done to america and the united kingdom include mexico in that analysis neoliberalism financialization giving banks the wherewithal to run roughshod over the entire economy in the name of some economic policy called aggregate to master me elation which is fed by debt aggregation debt aggregation only thing is that you are the main goal was you know

we will control inflation and if you deregulate markets you will have growth in the stability and drops and everything will be stimulated through allowing the debt to increase no users you enter but you fight inflation by repressing wages the wage the real wage level of the united states thank you made it since one thousand nine hundred eighty three that curve was growing after the war and then you know you see the curve the historical perspective is nine hundred thirty three it flattens in the never comes back again what increase was invented this ok so i just said that yeah absolutely ok so legally though my point and always done it. so far along with inflation and deflation is that the definition excludes wages in other words you have zero after the stock market makes goes up one hundred percent sure a great excess so people look at that. they'll say must be great the economy is great everyone's great national poverty everyone's rich and you have to wrestle flows and you have your service and central bank and we persist so it's fun to do this you

guys have one hundred forty billion reserves in the world and in the central bank so you must be doing fine and every time i hear those numbers say you guys both start praying because the next crisis will start you know it can start tonight or tomorrow there's a bank of mexico central bank oh i mean the financial sector who let me say that was running it well it's not it's a it's a but it's a consortium of banks it is has funds it's the guys that brought the global financial system this is not a well we've got market oriented mark carney and eyes and you know kingdom you've got janet yellen in the states you've got my a dragon ball you mean you got in your old or your pant ok so you got carson's here or the. steam carstens augustine carson there shows about the crowd is the guy that came from my you math etc always and i have caught a crab and not only that they use a macro economic model that is totally worthless you know it is so the problem is not who wrote this this thing is not an independent entity this is

a crucial thing though because the central bank you know this idea became so popular in the eighty's and ninety's we need a low tone to me and independence for the central bank well from the government yes but he said when we look at the banks and sandy toe of uniquely posters everywhere get to spend ditto carson's garson so it's a bandito that's right he's in bed with the global banditos course like all of these guys are ok exactly stiger some marketing in the market says you're not given good price discovery because you're increasing debt using financial engineering destroying wages that's not good for the regulations and the laws of nature don't don't then suggest that you could conduct yourself in this way and he says laws we don't need no stinking laws ok i'm of course i'm referencing the treasure of sierra madre possibly the greatest film ever made without for bogart. i'm sure you'll watch a tear to my right you're smiling some man is smiling that's right of course yes these. data absolutely yes so you have this

mantra about free markets and stability free markets and make believe prices and balance budgets and all these things this is what's running the mexican economy this where you have the complete chaos and then you know a scene that we this is a wire economy after being bombarded government step away america from eric eric grab the alligator right there in that alligator leader camera grab the alligator you know step aside from your camera walk over what's your legs and grab that alligator say my spanish is not so great is it that's. going to get we got we got alligator this is for carson sir this is what we're going to do we're going to feed him to the crocodile because john john john. that's who we're going to do we think and i did he wasn't too happy about his sour didn't taste good. let's move on

the paris climate agreement changing gears for a second it was only when trump bailed out of this non-binding watered down kyoto fake agreement that mayors and governors and other local governments bodies started actually doing something. well you say i was a big fan of the paris agreement but as everybody says it was the only thing we have i mean i'm not a big fan of the president for one crucial reason all the commitments are voluntary non-binding ok that spelled really bad news but the i could picture this think came from the top of my i don't know what was that eighteen was in denmark in copenhagen that is when the you know that's when brazil the brics another fantastic story of the brics and but then trump in saying that this disagreement sucks especially he said it stinks it means calling it the truth about it so well it's a bad thing you know i think he's saying i think he's you say this is

a funny thing he's pulling out of that thing for for the wrong kinds of reasons ok if anything what you need to do with the president is let's say let's make sure that all of these are both very commitments independently stablished commitments by each country get employed actually implemented and that countries that we're going to cut emissions by forty five percent in twenty twenty five that you actually do the list let's strengthen that agreement you don't pull out of a better agreement you know that is so important as a parent agree never disclosed talking shop santa do i think i mean trump said he's at a global if he's anti a new world order essentially because it by putting america first you create more competition so what's happened is he's pulled out a disagreement and you have corporations and countries competing with each other to bring in a better agreement and competition works instead of a global talking shop of nobody doing nothing well the thing is that i mean he's not putting america first he's going america way back also i mean listen if you

want to develop where is where is the the if you going to need. renewable energy and you going to change the profile of the energy use in the global economy. you want to be producing you want to be with the companies that are going to be producing solar and wind and you know the renewable energy industry what's happening in mexico and well what's happened in the us is i mean you are you are giving you are you know this is not improving the situation of american companies mexico is you know we don't have an industrial policy so we have some investments in solar we have an advantage in solar as you can see right now we could use that a lot but we don't have an industrial policy down so i don't know any way noble encouragement knowing that it's not only incurring that's just beyond irresponsible for debts that's like that's like terrorism it's not it's not our fault i would say it's not our fault whose fault is it well we negotiated agreements that includes w

t o that impedes the use industrial policy instruments like for example performance requirements for foreign investment you cannot do that anymore well we would like to use the purchasing power of the public sector you cannot use that anymore there are agreements if you look at w.t. oh look we have our hands up now though you theo today is a minor player in the global arena because because of the financial crisis the real big tigers are the financial sector the age of the financial sector got about a minute left quickly i got i'm sorry i just want to cover this yeah china are they big in mexico are they what's going on if i think they're in it in mexico. getting bigger but they are not right now they are not let's say the central force that orients the mexican economy but i think as they are a bit like that all over the world all they're investing and they're bringing the best but i think they are probably more active another latin american countries and

mexico really doesn't like to think america will continue to meddle in mexican elections the way they have been for decades absolutely. sure it's really you know need put into to be accused of that i mean it's of course these guys have been meddling in elections not only in mexico but the world wanted to blatantly late night meddling you so you're telling me it's true apparently battle of mexican elections oh yeah you're the brother you know you would be fit through absolutely and they miss middleton all over latin american social merican south america and that's they get rid of the democrat elected leaders and stick in dictators and intend to lay and then. during the elections and after the elections are you and they want to lose and then what happened as a russian ever meddled in the to your knowledge here in mexico i don't think so i mean i don't think that. that's not the and they were i work here i never had bush yes very lovely absolutely got to go there thanks michelle ok thank you very

much specs are with us going to do if this edition of the kaiser report with me max kaiser stacy herbert snappy the alligator. got a good saturday happy he likes to eat central bankers. it's like gifty you even know that i'm your house and you all that america so i could do that that's right all right the sooner it catches on twitter is kaiser report so next time. here's what people have been saying about rejected and i suspect it's pull along awesome oh we'll only show i go out of my way to lunch you know why because the really packs a punch to sleep yampa is the john oliver of party americans do the same we are apparently better than blue. sea people you've never heard of love jack tonight

president of the world bank hates you because you are. seriously send us an e-mail . i am. breaking news this hour police disperse mass protests against the deep g. twenty meeting in humber using water cannons. donald trump will have his first face to face talks with vladimir putin at the g. twenty summit on friday with one of the most anticipated meetings all three year now confirmed. russia and china deescalation off to north korea tests another ballistic missile during president xi jinping today visit to moscow. and germany says it's brace for russian cyber attacks in september's general election.