because. at least five people were killed in a suspected suicide bombing in the afghan capital kabul near the u.s. embassy. texas residents flee devastating floods is a shocking response from some trump. less than sympathetic towards the plight of the mostly republican state. the attackers who protest. this month may have been prevented from carrying out the atrocity if they raced over an earlier it's.

tough to do one of the often near moscow thanks for shooting two out international first in afghanistan at least five people have been killed in an explosion in central kabul the suspected suicide bombing hit an area near the u.s. embassy and a number of other diplomatic buildings local journalist. details. we know from kabul police. suicide attacker who had explosives in his backpack was identified by a guard at the new kabul bank almost twenty to thirty meters from a suit square a little bit more from the u.s. embassy would sexually quite forty five and have really protected and he managed to detonate explosives this was a very crowded area this is a main draw people who are waiting to get paid ahead of the ied and mostly

government soldiers in the initial stages kabul police believe there was a one or more suicide attacker who could have god inside the bank obviously that would have been a very deadly attack if that had indeed happened and this is an area that is very much central there's a lot of security outside of the u.s. embassy the actual u.s. embassy is quite well protected and a lot of the transportation for u.s. diplomats and officials is by helicopters because they fear these sort of attacks the people of afghanistan don't feel safe in cities in villages in districts in the highways and unfortunately i think that's the challenge for the afghan government and its western allies to really deliver on providing security. the blast comes just a week after donald trump announced his new war strategy for afghanistan. so expand

authority for american armed forces to target the terrorist and criminal networks that so violence and chaos throughout afghanistan organizations like the taliban or i saw in afghanistan sometimes called as k these organizations don't send e-mail they send messages like this and there's no question there's a link to what trumps just recently announced with a new program and i've got somebody but there's something else you've got to look at as well is the trump has made he has pinpointed one of the big problems that his campaign will confront which is the role of pakistan he's threatened pakistan to withdraw one billion dollars of aid if it doesn't get into line and his own government forces crack down on those afghanis and taliban pakistan taliban on the border and that's key to really winning anything so if that was to happen if the pakistan government actually did crack down on the on the taliban on the border you can assume that the pakistan taliban would be much more galvanizing much more

supporting of the afghani campaign in afghanistan against u.s. coalition forces so i think there could be a message in the attack against the diplomatic community. today. we spoke to some people have gone to stan about what they thought of the u.s. presence in their country. colonel crowded you go you couldn't leave american and afghan forces carry out operations at night sometimes their intelligence reports are inaccurate civilians including women and children get killed. there was a doctor is of course who is hit by a drone strike and another man was on his way home when he was killed. while we look at a u.s. operation into the house and saw a schoolboy they shot him dead later they said they had killed a taliban fighter before they left they blew up the entire building one of the maybe negative. effects of this trump strategy is that by showing that he's an

enemy or by taking the fight the taliban at that same time you know we also see how it is what this could lead to disaster scenario whereby isis and taliban would completely join forces in afghanistan and if that happens that could spell all right havoc. at least eight people are thought of died in the devastating floods in the u.s. state of texas the still being pounded by tropical storm harvey it's been downgraded to a hurricane by a small comfort it's affected hundreds of thousands of people the city hosted as one of the worst hit flood waters are expected to continue rising the damage from that storm is still being assessed but it's already being compared to hurricane katrina back in two thousand and five president trump sent to head to texas to be briefed on relief efforts but shockingly for some the disaster has taken a political angle some twenty uses praise the floods for cleansing texas and racist

others are glad that trump supporters could be affected some said voting republican could have brought this on texas political analyst charles alltel told us that in the face of the tragedy the nation should be united not divided. texas first of all is not a state that is one hundred percent white by n. . stretch the imagination there is a large minority hispanic population there is a large minority of black population in texas this is a natural disaster it is caused untold suffering we still don't know how much damage is down there yet you know this is a time where people should really be coming together blaming a natural disaster of one hundred somebody because his or her political view views is stupid basically i was here in new york on september eleventh two thousand and one the outpouring of love and support and true help from around the world not just from the united states to this rich city of manhattan was a spectacular that's what houston needs us to texas needs and we certainly don't

mean lessons for supposedly leftists are really just hateful it's hate speech horrible. the first seven months of donald trump's presidency is seen as support slashed by more than a fifth and if you thought the democratic party were making gains on the back of that seems you'd be wrong it's not quite like that at all some surprises in store for colored mopin. only seven months into his term and already trump is being labeled the most unpopular president in all of american history so you'd think that the democrats would be riding high given the focus and volume of trump bashing i've seen it over and over again i think he's the most deplorable person i've ever met in my life he's not he lives a lot. he says things that aren't true that's the same as lying i guess president's behavior make i mean as as you point out it's sort of shocking but not surprising turns out that for a lot of americans opposing donald trump does not equal supporting the democratic party at this point only forty two percent of the u.s.

public has a favorable view of the democrats and this is translated into fund raising difficulties in july the democratic national committee only raised three point eight million dollars that's the worst july fund raising they've had in over ten years and at this point polls show that for many americans it seems like the democratic party is just all about opposing trump. the democrats have a message a message beyond dump trump you know an actual policy message we decided to ask folks here in the democratic party stronghold of new york city the policy proposals . i mean specifically. i'm not sure no. nothing comes to mind nothing now. now. can you tell us one policy proposal the democrats have put forward in twenty seventeen. peach. like hating trump is enough

for the democrats to to win on. now i mean they have to have something to back it. up with something is the stupidest thing you could have actually you got to come up with something come up with solutions to the country they don't have a message they have a message that trump is evil and anybody who supported trump is evil and frankly that doesn't sell i don't. i think most americans think of themselves in those terms even if they don't particularly like trump and i think the democrats are coming across as having no ideas no solutions betraying their traditional working class base in favor of identity politics and it's not doing them any good it appears that fueling anti trump sentiments is not really a solution for the democrats if they want to win the voters trust they need to emphasize what they stand for not just what they stand against caleb mop and r.t. new york. security services in germany say they foiled

a right wing plot to kill leftist politicians both already say they were ready it was already a detailed hit list big hit leads to more details while your correspondent peter all of. police have uncovered what they describe as potential killis a hit lists of containing the names of their left wing politicians and political activists here in germany they also uncovered a stockpile of weapons as well from two properties that were searched in the northeastern state of mecklenburg or pot and. now the two men that were arrested they are believed to have connections to an extreme far right group one of them is a serving police officer in the region now when this statement from the prosecutor general here in germany he said that they investigated and proceeded with this these raids after they found the web chat room chat between the two men and which they talked about angela merkel's as they put it failed refugee in migration policy

that they also talked about how they feared for an economic collapse across the country and that they were scared of an increase in terror attacks that they put down to the policies of the german chancellor the two were apparently prepared for the collapse of the state. stockpiled food ammunition for their weapons as well. but what we do see is two people two men here that had raged against one particular policy and that particular policy is so tied to the german chancellor angela merkel it's back in twenty fifteen when she said that all refugees and migrants were welcome to come here to germany now she's just been speaking on tuesday to the collective press as part of her summer address and the german chancellor said that she stands by the decisions she made in twenty fifteen on the decision we made back

then in that exceptional situation to take in those people was important and right . but this is quite a different statement than we've heard from the chancellor in the very recent past current or already said if they could i would turn back the time by many many years i would have prepared better for the situation with the whole federal government and all those responsible who were rather unprepared in the summer of two thousand and fifteen. the sentence we can do this is part of my political work but so much has been read into this every day expression so much so that by now i hardly want to see it again or the big difference is from then to now by then angola merkel's position in the polls was and has cemented as it is right now currently the chance that leads sixteen to seventeen points from her nearest rivals ahead of next month's general election and looks almost certain to be returned as chancellor so she doesn't need to question her own legacy her own policy decisions that she's

made however as this ongoing investigation shows of two men arrested for potentially plotting to carry out murders and what has been called a terrorist attack by potential potential terrorist attack by investigators it does show that her policies still remain controversial to this day. you know you're. new into us today spanish officials say they're going to probe whether or not the. voided security checks that could have prevented the. just ninety seconds away.

actually going to be. before. people. are still. out.

so that. the alarm should have been raised. the day before those attacks in barcelona he's now promised to review procedures over it. because of that it is true that these controls exist it is possible some checks were not made in this case and we will have to determinate how we can know why this happening again given hindsight so it's easy to talk about after the event but could lessons have been learned let's talk to our europe correspondent shelley do bensky i what else did the interior minister have to say then charlotte. well that's right the spanish interior minister was discussing they're promising a review of procedures and that's because he says they need to look at exactly what the controls are and if those controls need to be changed one of the things they will be looking at is how this terrorist cell in spain was able to get hold of bomb making equipment including one hundred and twenty gas canisters without reading any

suspicion at all with the authorities now the spanish interior minister then went on to talk about the a mom whose remains were found in that house which exploded the day before the attacks in barcelona and can grow saying that in his mind that there were no suspected links between that a mom who's of moroccan origin and any radicalized groups now that is in complete contrast for what we've heard previously from belgian officials who actually say that that. moroccan descent was actually flagged up by elders of a mosque in belgium when he was preaching there the elders concerned about the type of preaching that he was making saying it was radicalizing and polarizing the people at that particular mosque so the question about whether those concerns were raised to the authorities at the time and if they were whether that was then passed on to why you're thora to a larger database of people who are watching potentially people who are radicalizing others now the spanish in minister will meet his counterpart elated

today from morocco to discuss possible cooperation in future with the security between the two different countries but the big question remains is that house that exploded in the day before the attacks in barcelona and campbell if the police had recognized early enough that this house explosion was not caused by a gas leak which was initially suspected but actually was caused by. explosion and bomb making equipment whether that then could potentially allow them to break this terrorist cell down stop the attacks the next day and potentially save many many innocent lives is a very good and very big question charlie do penske r.t. correspondent thanks for the update next focus on venezuela why while the number of political leaders across the globe are slamming the u.s. sanctions imposed on the country last week the actions being branded

a financial blow a violation of international law more no less of monday china gave its reaction the experience of history shows that outside interference or you know lateral sanctions will make the situation even more complicated and will not help resolve the actual problem the u.s. sanctions applied on friday target any financial deal struck with president duros government as well as the venezuelan state oil company now experts say that the sanctions could send the country further down the already bad economic spiral and cause rampant inflation but one multinational investment bank in managing to dodge those restrictions that banks name it before goldman sachs is said to be the only company on the list that's exempt after its controversial decision to worry about almost three billion dollars worth of bonds in venezuela's state oil company just in may the move then was seen as an attempt to supply fresh funds to materials

government but goldman sachs denied those allegations saying no they made the investment because they believed in the brighter future of the country latin american studies professor daniel shores another idea though he's convinced that the financial elite are pulling the strings here. you know how hypocritical the u.s. government is supposed to be knowing that it's well over one of the largest u.s. banks. so do whatever. their profit margin is the front page news stories in the mainstream media always seek to him in any country this is sovereign outside of the us so you see these banks are the same shares because they are in profit off of venezuelan markets of it as well and day it shows today who's in truly interim in the us economy they've been. doing it here so why is that it surely controlling us car in the president's

r t spoke exclusively to venezuela's foreign minister about the tension between the countries right now he believes that in fact the opposition in venezuela is to blame for the new us sanctions. or the most natural reaction of international organizations like the un would be to recognize that the sovereignty of our country must be respected curb attempts of interfering into the internal affairs of venezuela and refrain from adopting a policy of unilateral sanctions that violate the principles of international law so that you understand what kind of opposition we have they have been low been going to washington to achieve those sanctions against venezuela know they are trying to convince the people of venezuela that the sanctions are the fault of president ma durham this is completely absurd and the world must know this. belgium is demanding compensation from israel the authorities raised six e.u. funded schools in a village in bethlehem last week and children now after study in tents or outside.

the soldiers came and started shooting in the air throwing grenades at people and then they started destroying the school and as you know i feel so said that our school has been destroyed. and so upset because they raise our school and must study in so much one day i want to become an engineer as we've already mentioned those cabins which were meant to serve a schools were dominated donated by the e.u. as well as all the necessary education equipment as well the main aim of the project was to provide local children with an opportunity to get an education their home the nearest schools now an hour's walk from where they live belgium one of the countries behind the education project condemned the destruction calling israel's move on acceptable i think that the project was to meet humanitarian needs and was in keeping with international humanitarian law. our correspondent went that check what was happening. the night before the new school year started israeli bulldozers

arrived here on the outskirts of the palestinian city of bethlehem to demolish seven caravans at recently been erected as a school for some one hundred bed when students from the area now this was one of fifty five schools in the area that had recently been given a demolition orders but the difference here was that the demolition order came the same night that the school was destroyed there were some bombs there was tear gas and the solution has been this tent that was put up to try and accommodate at least some of the children so they could hold classes. when there is a strong wind would get cold we have classes in direct sunlight some of us might get sunstroke and get sick and one gets cooled or people get ill too creditor heck middle of the love to believe in nuclear kids from a village was so happy when they had a school and when it got destroyed they were very upset the kids used to love going to school they were so enthusiastic about it and now they're asking all the time

why do i have to study in a tent the children need water bathrooms and there is nothing like this in this so-called school the situation inside the tent is extremely cramped there are four classes that are happening simultaneously now and most of the students are not in there they've been sent to a school that is around ten kilometers away and as you can well imagine it is a far distance for children this age to look and many of them say along the way they are often accosted by settlers according to the no we generate from council in the first quarter of this should they wish when she spoke cases of schools like this being destroyed by the israeli army force here r.t. to put ideas outside bethlehem. asked the israeli officials for comment and judging by the response they say the schools were built without the required planning permits from the israeli authorities that facts being presented in front. the main reason behind the demolitions to me tree delay on he's got something to say about

that he's a member of the fattah revolutionary council he said in fact there's not only a shortage of schools but also hospitals and housing because of israel's reluctance to give palestinians construction permits. this time we talked about three schools but these are not the first three schools our hospitals. suffer from the same thing our economy suffers from suffocation israel has by international law the responsibility of buildings because they do not build schools. and at the same time they don't give permits to build schools. nor nor houses we have shortage in the hospitals because israel doesn't give permits to build hospitals and at the same time they are building freely on our land schools for israeli settlers who are illegal colonial settlers on our land and they're free to build their schools. pretty pictures mazing engineering feat before i say goodbye i want to show you

a crucial part of a bridge that set to connect mainland russia in crimea has been installed by russian engineers three hundred meter long railway arch put in position thirty five meters above the strait of the only bit of weather for it because it had been bad because of the heavy weight construction the engineers had to work at a very slow pace took twelve hours to install it with the help of more than a dozen lifting systems it's said to be one of the most ambitious projects in modern russian history another arch is set to be installed in a similar operation the crimean bridge will have a four lane highway and a two lane rail roaded shuttle to become fully operational by twenty nineteen mazing engineering feet no matter how you look at it whether you're a bridge found or not some people are small great shots of it come from a check and a sign keep up to speed on so many stories today i'm kevin i mean that's the way the news looks from moscow so far this lunchtime this chews day the twenty ninth of august have a good day. with

manufactured good sense of public wealth. when the ruling classes protect themselves. with the flaming. lips. we can all middle of the room see. coin solves for trust it's a mathematical formula that solves for think about all the institutions in your life that require trust you trust people on the road are going to be not crashing into you you trust that the doctor is professional and you trust the hospital is working in a trust third parties all day long but the point is the first international

currency it doesn't require trust it just requires consensus to buy into every ten minutes the protocol and why would you not be buying into the protocol if you're getting fabulously wealthy and watching central banks collapse the part i like about it i mean wealth comes and goes and watching central banks crawl into their desk and pee themselves and cry that's what i like. greetings and salutation. pull up any major action movie in the last half century hawk watchers and you can you can probably be pretty guaranteed that about half the city is going to be destroyed before you reach the end credits watch almost any michael bay film or ninety's aarakshan pick and you'll see the same formula destroy a city kill bad guy walk off into the sunset with

a lucky sidekick getting super attractive costar who is in distress for most of the movie. what's often left out of these films or at least barely acknowledged in any real emotional way is the civilian death toll that every john. clane or james bond leaves in their wake a family crushed by the plane vin diesel just blew up over los angeles to kill a cigarette chewing gary oldman just doesn't make for a good popcorn experience in action films but if you think if you think hollywood is bad at recognizing real world consequences nobody and nothing nothing holds a candle to the head in the sand act the u.s. government and the pentagon plays when it comes to the deadly consequences of blowing up cities to kill bad guys and this was never more on display than in the three months siege taking place in the syrian city of rocco were coalition forces have been bombarding the city with air strikes under the auspices of destroying

isis the loss of civilian lives has gotten so bad that we had one anti isis syrian activists from rocket told the intercept that quote the airplanes are heavily striking the city and many of the places they are targeting are empty of isis fighters and full of civilians the number of civilians being killed today is much more than the isis members. but if you're not talk watch your spear not because our action hero secretary of defense james mattis promises that the innocent civilians in iraq i know the difference between the good guy by the bay prizes their mother and the bad guy by the babe arises their brother he told reporters quote we're not the perfect guys but we are the good guys and the innocent people on the battlefield know the difference. and then secretary mabus marched off into the sunset with jonah hill cracking wise by his side and megan fox on his our. ballots

start watching our. looks. as if the bottom. like you but i got. it so. well it was in the ark so i am tired and out of the wallet. this is. how do you miss that i hear black liar way dropping bombs on places that. scott to finish up the packet of is actually a day oh you know you've got me behind it really is astounding really about it this morning every word of it would you would you have a secretary of defense who really actually believes that the people who are on the

ground being rained you know with bombs dropped or cafes blowing up next to you know terrorists or u.s. warplanes or all that can actually tell the difference between like oh the good guys dropped about bombs so we won't be as many. that's the ideology that they really think so so what we're saying is that matter doesn't understand how war works how terrorism starts. you might want to you might want to look that up in what you might want to spend a little time thinking about that because now when you have people going in and investigating which there has been a lot of talk where are the death tolls why is this what's got what's really going on in iraq you know so donna teller of arrow who's a senior crisis response advisor at amnesty international she led the on the ground investigation into what's been going on there and what she had to say as the battle to rest from islamic state intensifies thousands of civilians are trapped in

a deadly labyrinth where they're under fire from all sides so the u.n. estimates that there's anywhere from ten thousand to fifty thousand and a sense of million still trapped in iraq so a lot of them most of them are thought to be sort of holed up are being held as shields but either way you you have the last isis members them innocent civilians and you're dropping bombs on really whoever's left over it really is ridiculous and we've seen this from from almost every side of the syrian conflict when it comes to dropping bombs in a place where there's a u.s. or russia or everybody's been dropping bombs and any country you see it in yemen saudi arabia you know there's this idea of the bombs are proceed. and they're just not ok. yeah you might be able you know maybe more times than not you get in your caravan of bad guys but at the end i care i'm in a bad guys in the middle of the desert is a little different than a neighborhood a block exact at all of a city people you look at war one of the things about fire and really funny is how

the media kind of covers this because it's like you know you look at another quote you know what they love to quote when it came to you know the bad things that assad did do his people that the britain based syrian observatory for human rights we all know right you know now they're having to report that airstrikes in iraq and just last month killed forty two civilians including nineteen children and twelve women are women the odd diverse group rocco's being slaughtered silently said thirty two people were killed in airstrikes in one neighborhood alone and they all blame the u.s. led coalition there because what's happening is you have the people that we believe are the moderate rebels on the ground calling in the airstrikes so you know you hope that these sometimes al qaeda members sometimes and i don't know i'm really confused about who's on what side over there at any moment as we all are now are calling him strikes on isis or they could be calling him strikes on people they

don't like. this was a day where now they're fighting we're just throwing weapons out and seeing what happens and it's not just these airstrikes and it's also the actions of people on the ground because one of the issues has been keeping trip you know in any war you want to keep supplies away from those who are fighting and obviously so part of the deal was that a survivor said told people to stand or national the coalition forces were targeting boats anything that was trying to cross the euphrates. on july second a coalition commander u.s. lieutenant general steven j. townsend said that he told the new york times on july july second we everybody shoot. we find. so that route is is an escape route for refugees this is indiscriminate attacks on boats is making it harder for people to get out and once all of that rubble that we see is earlier you're going

to find a lot more people you're only how to bodies they can find and identify now once you are about it is going to get awful. first they came for the offense of social media then they came for the statues the now they've come for the movies the orpheum theater in memphis has been showing the oscar winning gone with the wind as part of its classic series for thirty four years but today after its screening two weeks ago they theater announced the film will be polled in the future due to overwhelming criticism on social media so as the nation struggles to decide what monuments are acceptable for public display and what degree of controversy we can tolerate on social media. reports on the latest front in the modern era culture wars orpheum theatre group in memphis tennessee has screened the classic film gone with the wind each of the past thirty four years now this year screening on aug eleventh coincidentally coincided with a white nationalist evening march in charlottesville virginia ahead of

a unite the right rally that ended in three deaths according to theater group president brett patterson the screening prompted numerous comments that led to a decision not to run the film next year patterson said as an organization whose stated mission is to entertain educate and lighten the communities it serves the orpheum cannot show a film that is insensitive to a large segment of its local population the one nine hundred thirty nine film takes place in the american south against the backdrop of the civil war long criticized for glorifying slavery when orpheum theatre group announced its decision to pull the movie memphis resident wendy thomas praised the decision on facebook saying slowly but surely. we will read this community of all tributes to white supremacy but backlash after the announcement was much louder katie hydro not sure if anyone really complained or your feet are just decided to be cowered sheep and given to

mad this way you should be ashamed underneath dixie grey pointed out how do you make daniel was the first black american to win an oscar with her costarring role as mammy in gone with the wind i guess her achievement is also gone with the wind sad how to make danielle was not only the first african-american to win an academy award she was also the first to be nominated for acting it would be more than two decades before another african-american actor would win and the comments continue to pour in with outrage and calls to boycott the theatre orpheum c.e.o. said the screening of this film is something that's questioned every year but the social media storm this year really brought it home we reached out to theater representatives for reaction to the backlash against their decision and have yet to hear back in washington cmon dollars r e o r t. fascinating story story you know to me there's a difference between commemorates someone like robert e.

lee a general someone who slaughtered people someone representing you know an ideology but a movie ultimately you can't escape the fact it's a piece of artistic expression right so that's different that's not saying we're honoring something that's making a movie about a book about a time frame of us history right and that's the thing about that movie is that it's not as if the slave owners it's not as if the white people come out looking so great on a good boy i mean it really shows how utterly ridiculous that all was and hit on some really important issues that the book and also the movie they did it also here's the other flip to this too is that i understand when people say this statue in that part bothers me i. i have to walk by that she was going to praise they are like are wonderful and can you know better exactly general that's different. book you choose to go into the theater and watch you choose to pick up the book and read it and to me it's like if for every time you want to criticize the right for you

know being morally superior oh you know this books has sex in there this book has witchcraft it like harry potter you know care every time of that side tries to say we need to get rid of this book or not let children suter ban the book now you have the love doing this extreme thing and saying ok this movie that took place that was you know written in a time in history about a time in history now we need to boycott and ban and not let this movie because of them that's ridiculous as well i wonder how much of this is actually a group of people who are really upset and how much of it is people are people who are more on that right who are in the new free speech movement where it's not really about free speech it's really sort of making a point how many of these people online and how many people are just doing it to make the point like well well what would you do if we said you can't work out not the wind i mean the internet is one of those places where people don't do things because they really believe it they do it because then everyone else is and you get a laugh and the fire store and you know i look this leader it's

a private business they can choose to show this or not they can take it down or they're not choose to show that that's their right as a private business let's not forget that but to me i think you know it's a different it's apples and oranges and i'm talking about something that you have to walk by that's locked in the public sphere and something that you have to physically go buy a ticket to go in and see no one's forcing you to see this my taxpayer dollars are paying to keep. it all right as we go to break court watchers don't forget to let us know what you think of the topics we've covered on facebook and twitter see our poll shows that are dot com coming up radio host author and sociobiologists back across to the park service to discuss the benefits the dangers and the future of predictive analytics it's fascinating you don't want to miss this. to watch for all . the two thousand and eight economic crisis turn some countries into pigs these are

the countries with weaker economies that needed austerity policies if you are in a situation of flow bloat even the recession austerity is a very bad idea it doesn't work and it makes millions of people very unhappy those who are unemployed see their wages decline almost a decade how good are the results. by the people gathered in which to watch the world get people to see what i. believe will be she is i mean to for legal. challenge not stick with this she is not was always the case she somehow they're not getting paid while the same mission is still in place who one of the consequences has to weaken bluebirds. will first. this is the truth the consumer is the consequences are actually quite acceptable to

the decision me. both. because of it. last time we chased. each one of carrying twenty kilos of drugs. first offense. is that they just stepped. in. the main thing. they have this is this. is me. i don't know maybe. i will

bring. more. than one. the modern era is often referred to as the information age and for good reason as coders replace factory workers and algorithms push out heavy machinery we truly live in the area where data reigns above all as a socio biologist and futurist rebecca cost us so eloquently put it in our book on the verge every day our ability to anticipate future outcomes grows more acute more

all encompassing and extends further out this sea change has a quip today's leaders with previously imaginable power the power to respond and shape events before they occur we stand on the cusp of what darling darwin himself might have called pre adaptation the ability to adapt prairie we sat down with cost earlier to discuss how the modern deluge of information is changing our ability to shape the future. well i think data is forcing our hand as you know we began with data production that became the name of the game in the seventy's and eighty's and into the ninety's and then after that we had so much data we couldn't really put it to good use and so we went through a data analysis phase but we've now moved out of data analysis into predictive analytics models which allow us now to forecast with unprecedented accuracy in other words the future you know as much as we like to say the future is

unknown there could not be a more false statement the future is in fact unknown and once you know what the future is it dramatically affects how you make decisions today and that is what our leaders are up against i can give you some examples if you like please do. so let's talk about for example the opioid epidemic. right now several industrialized nations are trying to deal with people who are started out with a prescription drug and now are hopelessly addicted to opioids it turns out the company name fuzzy logic so i don't mind using their name they by using medical records and looking at public activities behaviors of human beings they can identify up to eighty five percent of those people who are predisposed to

become opioid addicks so that that first doctor's prescription need never be written in this way we can get out ahead of our problems we don't need to have these problems because we have the analytic ability now to prevent them. and it's interesting you brought up fuzzy logic when they started in the health care field and then now they they actually do predictive modeling for financial sectors banking. retail all of that and predictive modeling has been very helpful in getting diabetes health related things we're now able to see a little bit better but what i wonder what the consequence is because getting the data is not a problem we sort of give that out for free in our daily lives of social media and everything else what are the consequences of having that kind of power to be able to model these things and predict things with data. and what are the long term

effects that that kind of power has on leadership. well it has a tremendous power because it means that those with the data and the analytic abilities those with the predictive models will dominate let me give you an a another example in business a business example because of health care we could look at the fact that we now have genetic profiles on people and we know the predisposition that they have for certain diseases certain cancers all the time. even baldness at the time that they're bored we can do genetic testing and then we can act prophylactic lead to help them in many cases we can do certain kinds of genetic treatments to prevent diseases this is a power we never had before and so we can easily understand that health care but let's look at business once businesses and i'm talking about the largest retailers in the world discovered that as the climate warms milk production in cows

goes down so as the season warms up their productivity in producing milk starts to go down as soon as they saw that relationship they began tapping nasa's meteorological data and then locking in milk prices before it temperatures went up while the other bats that's getting way out ahead of the curve and so the people who have these predictive models are able to use these models to eliminate all risk and now their words predictive analytics is the and of risk. through using these insurance companies will no longer have group health care programs they'll have individualized programs that will have absolutely zero risk because based on your your behaviors the environment that you live in and that you work in based on your genetic predispositions all that data will come together and they

will be able to put it insurance plan together that is uniquely adapted to you i have to because asylums both incredible but also. having to i mean but it just kind of curing us of this is a very you know futuristic can predict them seems also a little invasive with the amount of information that they would have are there any you know downsides to corporations or political leaders or whatever are having this kind of you know ability to see into the future so to speak with what would be the bell and sides i get asked this all the time that i have to say that any time we come up with any new technology anytime we progress in society there's going to be a downside someone's going to abuse it i mean that would be like saying you know what if we only hadn't come up with the internet we wouldn't have hackers critical or true. if we want to have hackers without the internet you know and we would have people we would have identity theft yes there's always the potential but we can't

allow the downside to prevent humanity from progressing what we now have in terms of data allows us to evacuate entire cities in advance of hurricanes as we see going on right now it allows us to to forecast diseases in advance it allows us to to take action when a currency like the euro is being threatened by the debt of greece those were all predicted boggles what i don't think people understand is this is happening now this is not science fiction this is not going to happen in the future businesses are using predictive models to. day as we speak so is health care so where the fine is so is the financial industry every industry and every leader every economy will now be able to do something in the present to affect a future outcome now think about this think about this this means that we now are taking action over events which have not manifested yet they haven't occurred yet

and this automatically throws it into a political argument doesn't it because half the people are going to say that's never going to happen and the other half are going to say yes but we have data and it is going to happen which is exactly what's going on with climate change it's become a political football you know you're exactly road exactly one of these things that that sort of gets me is when you read all the self-help books you know it's all you have to do is do you something ten thousand times or get a certain amount of habits and then there's all the success but failure which is you know failure is the opposite of set of success it's what most of us are trying to avoid we don't want to fail but all failure isn't created equally how has this you know predictive modeling and big data and the study of it changed how we look at how we should look at failure. well one of the things i explain to people is is that in

a highly complex environment you have to make friends with failure and that is because the definition i use of complexity is there are more wrong options than there are right ones and the number of wrong ones are growing exponentially now in an environment like this you can't stop and try to call it right. what you've got to do is what you do with your investment portfolio as an example there's an example of a complex dynamic environment certainly you don't go out and put all of your money on one stock if you have then good luck to you you're just gambling but what you do is in a complex environment you spread it around and as bonds go up stocks come down maybe real estate investments go up and stocks come down you know you hope to have a nuff diversity that you're going to come out ahead in the end and that is also true and in any kind of complex dynamic environment like the one that we're going through right now until predictive analytics can for certain predict the outcomes

of virtually everything we are left with trying to advocate a very complex environment where there are more wrong choices that there are right ones and the best way to do that is to use diversification even venture capitalists only get it right ten or fifteen percent of the time and think of the due diligence that they do right so you know you're not going to call it right all the time make it allowance and make friends with failure but here is the key fail fast and move on. good bad leg bad good very good bit of advice fail of a move pick your cell phone keep going you're going to. read about one big oil and one final question because this kind of struck me is weird of something like what you know a chaos theory to predictive analytics knowing that the predictability of the unpredictability of the world were those that fall in predictive analytics. i will

tell you that there will be no more and predictability we will know the outcome of absolutely everything in the future the only question that remains is will we take action you know where we're finding out in the to. heiress attacked in barcelona in the paris terrorist attacks in two thousand and fifteen as we go backwards we find that these terrorists gave us every clue we had warnings on the two thousand and fifteen paris attack from from turkey and from iraq they knew exactly the sounds they knew the actors but the problem is that we find out about this after the fact and so the real question is if we have the data if we know the probability is in the ninety nine percent trial that these enough areas actors are going to committed an act what are we prepared to do great question could cost american social

biologist host of the some because of radio program the cost reporter and author of a new book or on the verge. of interview thank you so much for coming on very very very interesting stuff. thank you so much for having me i appreciate it. a former staff member of the british embassy in paris said on facebook recently that french politicians all look like film stars whereas the stress and fatigue apparently hiding under a lot of very very expensive make up former president spent a famed eleven thousand dollars a month of french taxpayer funds on a hairdresser while simultaneously pushing through bills that would diminish the rights of workers in the nickname shampoo socialist not unlike his predecessor nicolas sarkozy who is penchant for luxury vacations from the pricier a band's turned more than a few eyes sideways when he spent eight thousand dollars a month on his make up now french president emanuel. is letting his aristocratic

swagger shine through with a big beauty bill of his own french magazine lapointe reported that the president spent nearly thirty thousand dollars on a private makeup artist during his first three months in office but his stint housewares the expenses were a matter of earth. see and let it still less than what is this predecessors spent i don't know maybe i was born with it maybe it's just fantasy i think. i think most politicians going to err on the side of these there's really. no worse and that's a lot of money a. lot of money clearly we're told doesn't look as good as these two and there's not even any way glitter or a bit doubtful that is really where everybody remember in this world we're not told we're loved. you i am i robot and i'm top of the while watching those who are there

of a great writer but. coin saul's for trust it's a mathematical formula that solves for trust think about all the institutions in your life that require trust you trust people on the road are going to be not crashing into you you trust a doctor is professional you trust the hospital is working in a trust third parties all day long bitcoin is the first trust international currency that doesn't require trust it just requires consensus to buy into every ten minutes the protocol and why would you not be buying into this protocol if you're getting fabulously wealthy or watching central banks collapse i like about it i mean wealth comes and goes and watching central banks crawl into their p. themselves and try that's what i like.

with this manufactured and sentenced to public will. when the ruling class is protect themselves. with the flame and merry go round. six. million real new. welcome to the wonderful world of blood donation i come here every three weeks to get my transfusion to be specific i receive in. my body gets and some bodies that i cannot produce itself around the world giving blood is seen as a symbol of generosity and does this because it helps people it just says 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 plasma small. role. and. one of the risks of paid donation. then is proof that the frequency of pathologies is much higher paid. in it. if i was. over two years old. in the money. and who runs the blood business. oh they are already. looking at that.

this security. plan to kill politicians with a policeman among the. planes interior minister admits the security may have allowed terrorists attacks in barcelona and. at least five people were killed in a taliban suicide bombing in the afghan capital. residents in texas devastating floods. and sympathetic to.

republican state. security services there say they foiled a right wing plot to kill leftist politicians our europe correspondent peter all of it has the latest in berlin. the uncovered what they describe as potential kill ists a hit lists of containing the names of left wing politicians and political activists here in germany they also uncovered a stockpile of weapons as well from two properties that were searched in the northeastern state of mecklenburg vorpal mountain. now the two men that were arrested they are believed to have connections to an extreme far right group one of

them is a serving police officer in the region now in a statement from the prosecutor general here in germany he said that they investigated and proceeded with this these raids after they found a web chat room chat between the two men and which they talked about angela merkel's as they put it failed refugee in migration policy that they also talked about how they feared for an economic collapse across the country and that they were scared of an increase in terror attacks that they put down to the policies of the german chancellor the two were apparently prepared for the collapse of the state. stockpiled food ammunition for their weapons as well. but what we do see is two people two men here that had raged against one particular policy and that particular policy is so tied to the german chancellor angela merkel it's back in twenty fifteen when she said that all refugees and migrants will welcome to come

here to germany now she's just been speaking on tuesday to the collective press as part of her summer address and the german chancellor said that she stands by the decisions she made in twenty fifteen on the decision we made back then in that exceptional situation to take in those people was important and right. but this is quite a different statement than we've heard from the chancellor in the very recent past current or. if i could i would turn back the time by many many years i would have prepared better for the situation with the whole federal government and all those responsible who are rather unprepared in the summer of two thousand and fifteen. that's a sentence we can do this is part of my political work but so much has been read into this every day expression so much so that by now i hardly want to see it again or the big difference is from then to now but then angle

a merkel's position in the polls was and has cemented as it is right now currently the chancellor leads sixteen to seventeen points from her nearest rivals ahead of next month's general election and looks almost certain to be returned as chancellor so she doesn't need to question her own legacy her own policy decisions that she's made however as this ongoing investigation shows of two men arrested for potentially plotting to carry out murders and what has being called a terrorist attack by plenty of potential terrorist attack by investigators it does show that her policies still remain controversial to this day. the taliban says it was behind an explosion in kabul which has left five people dead and several more injured the suicide bombing had an area near the u.s. embassy and a number of other diplomatic buildings local journalists but also worry has the details. we know from kabul police. suicide attacker who had

explosives in his backpack was identified by a guard at the new kabul bank almost twenty to thirty meters from a suit square a little bit more from the u.s. embassy would sexually quite forty five and have really protected and he managed to deter nade is explosives this was a very crowded area this is a main draw people who are waiting to get paid ahead of the mostly government soldiers in the initial stages kabul police believe that there was a one or more suicide attacker who could have god inside the bank obviously that would have been a very deadly attack if that had indeed happened and this is an area that is very much central there's a lot of security outside of the u.s. embassy the actual u.s.

embassy is quite well protected and a lot of the transportation for u.s. diplomats and officials is by helicopters because they fear that these sort of attacks the people of afghanistan don't feel safe in cities in villages in districts in the highways and unfortunately i think that's the challenge for the afghan government and its western allies to really deliver on providing security the blast comes just a week of the donald trump announced his new war strategy for afghanistan also expand authority for american armed forces to target the terrorist and criminal networks that's so violence and chaos throughout afghanistan organizations like the taliban or i saw in afghanistan sometimes called i ask a these organizations don't send e-mail they send messages like this and there's no question there's a link to walk trumps just recently announced with a new program and i've got somebody with

a. something else you've got to look at as well is the trump has made he has pinpointed one of the big problems that his campaign will confront which is the role of pakistan he's threatened pakistan to withdraw one billion dollars of aid if it doesn't get into line and his own government forces don't crack down on those afghanis and taliban. taliban on the border and that's key to really winning anything so if that was to happen if the pakistan government actually did crack down on the on the taliban on the border you can assume that the pakistan taliban would be much more galvanized much more supporting the afghani campaign in afghanistan against u.s. coalition forces so i think there could be a message in the attack against the diplomatic community and all of them are going to do. we spoke to some people in afghanistan about what they thought of the u.s. presence in a country colonel quoted you quoted you couldn't american and afghan forces carry out operations at night sometimes their intelligence reports are inaccurate

civilians including women and children get killed. there was a doctor is of course who is hit by a drone strike and another man was on his way home when he was killed by a drone backed up by while we look at the u.s. operation into the house and so schoolboy they should him dead later they said they had killed the taliban fine before they left they blew up the entire building one of the maybe negative. effects of this trump strategy is that by showing that he's an enemy or by taking the fight to tolerate it at that same time you know we also see how this is what this could lead to disaster scenario whereby isis and taliban would completely join forces in afghanistan and if that happens that could spell all right havoc. spain's interior minister has admitted that the terrorist cell that launched attacks in boss alone or in campbell's earlier this month might have

been stopped he said the atrocity may have been prevented if the alarm had been raised over an explosion at a house in a town near barcelona. it is possible some checks were not made in this closing and will have to determinate how we can enjoy this happening again to get money that the spanish interior minister was discussing there promising a review of procedures and that's because he says they need to look at exactly what the controls are and if those controls need to be changed one of the things they will be looking at is how this terrorist cell in spain was able to get hold of the bomb making equipment including a hundred and twenty gas canisters without reading any suspicion or tool with the authorities now the spanish interior minister then went on to talk about the a mom whose remains were found in that house which exploded the day before the attacks in barcelona and cam girl saying that in his mind that there were no suspected links between that

a mom who's of moroccan origin and any radicalized groups now that is in complete contrast to what we've heard previously from belgian officials who actually say that. moroccan descent was actually flagged up by elders of a mosque in belgium when he was preaching that the elders concerned about the type of preaching that he was making saying it was radicalizing and polarizing the people at that particular mosque so the question about whether those concerns were raised to the authorities at the time and if they were whether that was then passed on to the wider thora to a larger database of people who are watching potentially people who are radicalizing others now the spanish interior minister will meet his counterpart elated today from morocco to discuss possible corporation in future with the security between two different countries but the big question remains is that house that has exploded the day before the attacks in barcelona and. if the

police had recognized early enough that this house. explosion was not caused by again three which was initially suspected but actually was or was by explosion bomb making equipment whether that then could potentially allow them to break this terrorist cell down stop the attacks the next day and potentially save many many innocent lives. a number of political leaders around the world have slammed the us sanctions imposed on venezuela last week the actions been branded a financial blow and a violation of international law on monday china gave its reaction the experience of history shows that outside interference or you know article sanctions will make the situation even more complicated and will not help resolve the actual problem the u.s. sanctions applied on friday targeted any financial deal struck with president do road government as well as with the venezuelan state oil company experts say the

sanctions could send the country further down an economic spiral and cause rampant inflation however one multinational investment bank is managing to dodge the restrictions goldman sachs is said to be the only company on the list that exempt after its controversial decision to buy almost three billion dollars worth of bonds in venezuela's state oil company in may the move was seen as an attempt to supply fresh funds to the duros government goldman sachs denies those allegations saying they made the investment because they believed in the brighter future for the country that an american studies professor daniel schorr though is convinced that the financial elite are pulling strings. yeah how hypocritical that the u.s. government is supposedly couldn't be known as well or one of the largest us banks and. saskia continue to do whatever. their profit margin is the front page news stories in the mainstream media always seek to demonize any country this

is sovereign outside of the us here so you see these banks are inventing the sanctions because they can profit off of venezuelan markets open as well and day it shows today who's in truly interim in the us economy the banks and the doing it in the ones that are surely controlling us car and the president's. party spoke exclusively to venezuela's foreign minister about the tension between the two countries he believes that it's the opposition in venezuela that is to blame for the new us sanctions. the most natural reaction of international organizations like the un would be to recognize that the solvency of our country must be respected curb attempts of interfering into the internal affairs of venezuela and refrain from adopting a policy of you new lateral sanctions that violate the principles of international law. so that you understand what kind of a position we have they have been low been going to washington to achieve those

sanctions against venezuela now they are trying to convince the people of venezuela that the sanctions are the fault of president must do them this is completely absurd and the world must know this. devastating storm that said the u.s. state of texas has taken on a surprising political dimension and a straight in just how deep the divide in american society is right now we'll get to that after the break. the feeling. everyone in the world should experience. and you get the role. the old according to just. come along for the ride.

seemed wrong. to me. to stamp out this day coming out to. engage. the trail. when some find themselves worlds apart. just to look for common ground. back to fourteen people are now thought to have died in devastating floods in the u.s. state of texas that's being pounded by tropical storm it's been downgraded from a hurricane but it's affecting hundreds of thousands of people the city of houston

is one of the worst hit and floodwaters are expected to continue rising that the damage from the storm is still yet to be fully assess but it's already being compared to hurricane katrina back in two thousand and five president trump will head to texas to be briefed on relief efforts. but shockingly for some the disaster has a political angle one twitter user praised the floods for cleansing texas of racists others seemed glad the trump supporters could be affected some said voting republican could have brought this on texas political analyst charles alltel told us that in the face of the tragedy the nation should be united not divided. texas first of all is not a state that is one hundred percent white by any stretch the imagination there is a large minority hispanic population there is a large minority black population in texas this is a natural disaster it is caused untold suffering we still don't know how much damage is down there yet and you know this is

a time where people should really be coming together blaming a natural disaster on somebody because his or her political view views is stupid basically i was here in new york on september eleventh two thousand and one the outpouring of love and support and true help from around the world not just from the united states to this rich city of manhattan was spectacular that's what houston needs us what texas needs and we certainly don't need lessons from supposedly leftists that are really just hateful it's hate speech horrible. months of donald trump's presidency has seen his support slashed by more than a fifth but if you thought the democratic party were making gains on that then open house some surprises for you only seven months into his term and already trump is being labeled the most unpopular president in all of american history so you'd think that the democrats would be riding high given the focus and volume of trump bashing it over and over again i think he's the most deplorable person i've ever

met in my life he's not he lives a lot. he says things that aren't true it's the same as lying i guess presidents behavior make i mean as as you point out it's sort of shocking but not surprising turns out that for a lot of americans opposing donald trump does not equal supporting the democratic party at this point only forty two percent of the u.s. public has a favorable view of the democrats and this is translated into fund raising difficulties in july the democratic national committee only raised three point eight million dollars that's the worst july fund raising they've had in over ten years and at this point polls show that for many americans it seems like the democratic party is just all of the. out opposing trump. the democrats have a message a message beyond dump trump you know an actual policy message we decided to ask folks here in the democratic party stronghold of new york city

a policy proposals. i mean specifically. i'm not sure oh now. i think i'm nothing now. now. can you tell us one policy proposal the democrats have put forward in twenty seventeen in each term. you like hating trump is enough for the democrats to to win on. now i mean they have to have something to back it up being get struck with something is the stupidest thing you could have actually you've got to come up with something come up with solutions to the country they don't have a message they have a message that trump is evil and anybody who supported trump is evil and frankly that doesn't sell i don't think most americans think of themselves in those terms even if they don't particularly like trump and i think the democrats are coming across as having no ideas no solutions betraying their traditional working class base in favor of identity politics and it's not doing them any good it appears that

fueling anti trump sentiments is not really a solution for the democrats if they want to win the voters trust they need to emphasize what they stand for not just what they stand against caleb oppen artsy new york it's the battle over confederate monuments rages on in the united states that seems to be a growing number of people who want to express support for the civil war symbols a confederate flag manufacturer who's seen a spike in sales in the wake of the violence in charlottesville says it's part of a backlash over the statues removal charleville surprised me i'll be honest with you on not much the process may have seen a little bit of everything we saw people with flags butt. there wasn't a lot of talk about the flags but when the monument started coming down particularly the that was shown over and over again with the monument crashing to the ground and disrespectfully by and large the people that i talked to either through the show room or on the phone or through e-mail are buying flags basically

as a backlash against the taking down of the monuments they can't buy a monument the flag is what they say earlier this month a white supremacist rally over the removal of the statue resulted in st paul's the death of a counter-protest some of the hate groups that took part in the on the rest often display confederate flags during their rallies then the kennedys says the symbol should not be used to further a racist agenda to me the flag is historic it is no different from a bitsy ross flag or a gadsden flag or a bennington flag or any of their flags that flown to our country's history. i hate that some of the white supremacy groups. the k.k.k. and all these other neo nazi groups have essentially hijacked our flag and that's how i look at it i look at it. what should be an illegal use of a historic object. is demanding compensation from israel after the authorities

raised six e.u. funded schools in a village near bethlehem last week the children men have to study in tents or outside. the soldiers came and started shooting in the air throwing grenades at people there and they started destroying the school and as you know i feel so secure that our school has been destroyed. and so upset because they raise our school i love studying so much one day i want to become an engineer as i mentioned the cabins which were meant to serve as schools were donated by the new as well as all the necessary educational equipment the main aim of the project was to provide local children with an opportunity to get an education near to their home the nearest school is now an hour's walk from where they live belgium one of the countries behind the educational project has condemned the destruction calling israel's move unacceptable adding that the project was to meet the humanitarian needs was in keeping with international humanitarian law. travel to the affected

village. the night before the new school year started israeli bulldozers arrived here on the outskirts of the palestinian city of bethlehem to demolish seven caravans that it recently been erected as a school for some one hundred bed when students from the area now this was one of fifty five schools in the area that had recently been given a demolition orders but the difference here was that the demolition order came the same night that the school was destroyed there was some bombs there was tear gas and the solution has been this tent that was put up to try and accommodate at least some of the children so they could hold classes. when there is a strong wind would get cold we have classes in direct sunlight some of us might get sunstroke and get sick and one gets colder people get ill to. go to to have committed at the lab to believe in nuclear kids from a village was so happy when they had a school and when it got destroyed they were very upset the kids used to love going

to school they were so enthusiastic about it and now they are asking all the time why do i have to study in a tent the children need water bathrooms and there is nothing like this in this so-called the situation inside the tent is extremely cramped there are four classes that are happening simultaneously now and most of the students are not in there they've been sent to a school that is around ten kilometers away and as you can well imagine it is a far distance for children this age to look and many of them say along the way they are often accosted by said here's a quote actually no we generate from council in the first quarter of this should be between cio cases of schools like this being destroyed by the israeli army post here our team too but i did outside bethlehem. ask for some comment from israeli officials and judging by the response they say the schools were built without the

required planning permits from the israeli authorities the facts being. sentence is the main reason behind the demolitions entry to leon he is a member of the faster rather revolutionary council told us there's a shortage of not only schools but also hospitals and housing due to israel's reluctance to give palestinians construction permits this time we're talking about three schools but these are not the first three schools our hospitals. suffer from the same thing our economy suffers from suffocation israel has by international law the responsibility of billie's they do not build schools. and at the same time they don't give permits to build schools. nor nor houses we have shortage in the hospitals because israel doesn't give permits to build hospitals and at the same time they are building freely on our land schools for israeli settlers who are illegal colonial settlers on our land and they're free to build their schools.

crucial part of a bridge that will connect mainland russia and crimea has been installed by russian engine is the three hundred meter long railway arch was put in position thirty five meters above the current strait because of the heavy weight construction the engine is how to work at a very slow pace it took them twelve hours to install it with the help of more than a dozen lifting systems it's said to be one of the most ambitious projects in modern russian history another arch will be installed later in a similar operation the crimean bridge will have a four lane highway and a two lane road and a shared will to become fully operational by twenty nineteen. we've got some amazing panoramic three sixty video off the building about bridge explains i was all done for you you will find that out. i'll be back here and i'll find out your next world news update.

welcome to a low there are already right. here. the two thousand and eight economic crisis turn some countries into pigs these are the countries with weaker economies that needed austerity policy is if you are in a situation no flow bloat even the recession austerity is a very bad idea it doesn't work it makes millions of people very unhappy those who are unemployed see their wages decline most

a decade how good are the results. of these will by the few out of which to watch people to see what i. mean to. sound like you must. think they see something and not getting paid while the same mission is still in place to one of the consequences as to. who will first do. this is the truth the consumer is the consequences are quite acceptable to the decision.

sties or this is the kaiser report look at this look at this this is a key lime cheesecake look at that jason get a good look at this this is a key lime cheesecake look at that they are totally out of this is terrible you can't really sick and you know the reason i bring this up is because this really is inspiring to me i don't know i says i look at stacy and i'm thinking this is what i see look at stacy this is what i see kids. pie cheesecake on stilettos that's what i see. figure stacy apparently can't. just have it. would be marriage is all about. in the crypto world you can have your key lime pie you need it to coin bond launch brings digital currency step closer to world of high finance japanese financial information firm fisk goat announced monday that it is experimenting with the country's first bitcoin backed bond news follows other

announcements in the last several weeks for bitcoin options futures and an exchange traded fund tracking bitcoin derivatives and the us maps keyser derivatives market entering the big space bonds futures is this a good thing bad thing would do you think you know this is amazing because i think of jim records i think of royce about the c.e.o. of gold money and jim records of course is a world famous author author of. gold plus currency war plus the everything stinks and we're going to hell i think is another one road to ruin road to ruin and of course jim first royce it was saying that you know tax factor for bitcoin is a vulnerability that will never be overcome and then you know one of these big blocks three and i confuse of blocks a block stream says we're going to launch satellites and take you know into the

satellite ray you know and bypass i.s.p. so that attack vectors been dealt with then of course they can like jim rickards all say jim it coins a currency and i'll say now there's no depth to it show me where there is a big cooling bomb and show me a good coin both of those jim records ok i'll show you but go i bought this right here in first and japan right here this part almost a trillion dollars but actually go system that you're missing because you have orthodoxy that your own willing. to challenge the same thing that most economists face as they say into the sunset of irrelevancy sorry buddy but that's just the way it is of course this brings liquidity to the market and this is often a big problem with big quiet and you'll see it tumble by ten fifteen percent in one day or go up that much in one day partly because of the absence of liquidity so do

you think this will deliver liquidity to the markets yes that's the point the liquidity the depth of markets including all kinds of derivatives and bonds and everything you say in the modern financial markets are extending into bitcoin another question is would i buy a big coin bob and the answer is probably not because i'd rather just on bitcoin a bond by definition you have a limited return based on the coupon of that bond whereas if you're going to buy big going out right you don't have any upside. cap you know you can just ride the price of bitcoin of course converse lee with a bond you're going to get your principal back at maturity so that's why people buy bonds but. in the case of bit coin that has some of the key lime pie. having trouble breathing this pretty gruesome scene out to the international audience watching us here but not a lot of people just had a sympathetic reaction anesthesiology i think it's called where your vision mixes with another sense in this case your sense of smell so people actually just smell of key lime pie and they're all the factory senses collectively when the going to

go there's going to be a run on key lime pie i predict if you do go search on google key lime pie cheesecake tonight you'll see a spike based on my purpose right anyway so you know there is another group of people who will say well now that there are going to be derivatives and futures and bonds and all sorts of paper contracts available on big coin just like we saw in the gold and silver market say bankers will enter and start manipulating you defrauding other investors in the market by using the paper to set a paper price rather than physical price well i think that's interesting because in the gold mining industry there's a lot of turncoats a lot of people in gold mining industry we saw this with american barrick for example they would hedge their output of gold and they would be in cahoots with the wall street bankers taking a quick buck and destroying the gold market as we know it and this is endemic across the gold mining spectrum in the end the industry a lot of sellouts people it could go for example they write a lot of slam pieces i'm not sure why lists are doing some underhanded business

over there which i suspect but with bitcoin you have really zealots that are going to i think resist the approaches from wall street scoundrels and they're going to let this thing ride you know we've got to get two hundred thousand dollars per bitcoin to capture approximately twenty percent of the market cap of gold i think. on over a bit maine says she didn't mention that notion as you know. he's about jihad in the big clients face i don't know there's a there's a guy who could be you know potential threat you know bit coin cash. you know things are happening but there's even that the thing is that they're the whole market entering into such a wall of fraud in the derivatives industry you could have the worst banishment on planet earth of the big client space and still you could get to a trillion dollar market cap the market cap right now is about seventy four billion dollars up and down up to fifteen percent today so he could be it could be one

hundred ten billion by the time this airs or it could be fifty billion so who knows how many roger vero vera nomics you know rogers verizon saying you don't understand economics i do leading up to big cash and people are saying come on roger just give us a break just for those maybe roger is not wrong just for those who might not follow the ins and outs of the drama of bitcoin big queen cash is not quite cash is another currency it's not it's for just such a system will know because they might be confused now watching burn off but don't consider it something off it's a spread a big for them bill but going back to this products being offered in japan is being tested fiscus three year bond was issued by its digital currency exchange unit for an internal trial on aug tenth according to a google translate of the press release the bond has a three percent annual interest rate and returns big coins when it matures the total worth of the bond was two hundred or nine hundred thousand dollars at the

prices at which this is being reported back john would allow a large institutions to store value using the digital currency and potentially be more open to accepting big as payment well mrs watson abhi the mythical japanese housewife who moves for x. markets over the years because in japan they have huge savings they have a lot of cash and the housewife manages the money the husbands are drinking themselves to death at work the famous salary men they find corpses in the subway system every day and she's training for x. and doesn't care about her has been dead for months and why. doesn't even know she's busy fighting for her ex and if she grabs hold of it coin and you have all these mrs watson abi you know they never talk about bitcoin amongst japanese housewives in tokyo one word keeps coming up. and i say which way is because i'm going mr watson i'll be. so you know it's a self-fulfilling prophecy that a little sabi will get a nice friday night you know there's

a lot of single go ahead i'm sorry of course big question was invented by the nakamoto to definitely has a japanese name whether or not he really is such finnish it could be cultural appropriation we don't know but he could have just culture appropriate it for mrs watanabe if the press should go and hire all my culture can be appropriated all you want all day long. and here is a nice sentence for again so people smooth can you tell i own a lot of good cards. well. here is for people who again you know are new to this because i spaced it is this is a new. story being covered by the mainstream media so a lot of people might have only just heard about it if they hadn't been tuned into kaiser report back in two thousand and twelve and thirteen but historically this is a good paragraph where crypto currencies were very much a domain for crypto anarchists and tech savvy people and that has changed in the

last couple of years said nicholas nicolaus c.e.o. of swiss based digital currency broker bequests wis quote this means a whole new ballgame of people are going to get access to the market well you know there's been a brick get it this is barry silbert in new york his company which i know the list the ticker symbol is b g b t c but what you have this company greyscale grace scale grace that is about from game of thrones isn't that what they have like the people the grayscale the raw people. greystone maybe i forget the name of the i think changed that's going to be trending now on google to grayscale or greystone but berry still work just look up as a name not related to muriel silber who had a discount brokerage firm in the one nine hundred seventy s. i don't think barry can correct me if i'm wrong which i met her a few times. in the eighty's. he called the time line very sober he said if we show on this show you know he said we go from an arc of capital and cypherpunks to early adopters to more serious players and to banks to wall street

the or the wall street i think was this is the year that he called it now or heading into the year all reserve banks australia as a reserve banks think about buying bitcoin i thought chinese people's you know people's people bank of china p b o c was you know you first i thought russia was going to you know russia a year ago when i was at the world economic forum in st petersburg that was actually i three years ago three years ago i told the kremlin people that they should get into big point and it was like trying i'll. just say you know max did not speak to anybody in the kremlin he was standing on the corner of somewhere in paris and i was there i was under title i got jacked it from the pile that stroke because i made some fun of people but i was there but you know what a lot of people say people like democrats will say that it is a cult i think it is also called it a cult so just so you know there are these crypto anarchists out there and one day

they could rise up and like. it into keeping with our game of pro bono thrones theme you know they could be like the fundamentalists coming out in the cold resistant because it's after a distributed consensus has distributed trust it's the coin solves for trust it's a mathematical formula that solves for trust think about all the institutions in your life that require trust you trust people on the road are going to be not crashing into you trust that the doctor is professional you trust the hospitals working in a trust third parties all day long bitcoin is the first trust list international currency that doesn't require trust it just requires consensus to buy into every ten minutes the protocol and why would you not be buying into this protocol if you're getting fabulously wealthy or watching such a biased collapse oh we've got to go darn it well we're back after the break don't go away.

they're not ones that close enough lives up to let down one minutes in a time the definitions and i'm back in the. south. take in the next week we see the. onion get ready for it. and we think i'm. being led. the way. to the other beach. to the list gets to him if one means let's just say you know. this them tokyo planned it he's going to go. to. his work was because.

welcome to the wonderful world of blood donation. every three weeks to get my transfusion to be specific i receive in. my body gets. produced itself around the world giving blood is seen as a symbol of generosity. because it helps people that's one of the side effects is that it. puts money on your car immediately. half of all plasma based drugs today come from private companies and are. paid. a small. part of the role. and. one of the risks of pay donation. then is proof that the frequency of pathologies

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welcome back to the kaiser report i'm ask iser time now to return to wolf rector of wall street dot com wolf welcome back thank you for having me back mike all right well hunter we're talking about geopolitics economics debt china america germany i want to return to the theme of china you know china is running these huge deficits and they're the emerging empire in the world but a lot of folks observing what they're doing in china think that it's a big bubble it's a ponzi scheme it's going to blow up kyle bass out of texas is one of these folks he's got a big as ron is shorting china in a big way is it true maybe you can fill me in on this is a true that the government china is aware kyle bass and his ilk those has fun guys shorting china and it just riles them up to try to kill the stores by going in the

market and putting on trains to compete with the hedge funds is that is that purely anecdotal no substance to what or what do you see what have you heard what china certainly very adversarial relationship with short sellers and the stock market crash you know they're arrested some of them they made short selling illegal in many ways and you can't do that with foreign shorts bass so they have to play by other rules and when i ask a man out with. his short he did a very publicly scathing report on china and surely the authorities picked up on that it was all over the media and you know the chinese authorities reacted actually at the time. and you know one thing shorts always

forget a lot of times is when they're trying to attack another. country is the tools that this country has at least in the short term and that's what a short so it's looking at it's not looking at twenty year time period is looking to make a trait and that trade has a timeframe and if if the country can coordinate an orchestrated its policies and forces to to blow that short out of the water they'll do that and this case. you have a central bank you have a government and a half a major government owned banks all coming together and you know since sense though a mountain was made the currency went up three percent against the dollar and there was a constant bed was a short against against a currency and so it has a sense risen about three a little bit more percent against the dollar. china has successfully cracked down on capital flight at least a large extent we've seen the united states found acquisitions by china and the

united states have essentially crashed over the last few months. and that's not just. industrial companies but also real estate commercial real estate and others so that that supports their currency it supports their reserves the foreign exchange reserves. and it. has really tripped up well as one of the solid bets of the last three years which is to short the currency because if it had declined against the dollar essentially straight for three years until the end of two thousand and sixteen and then it turned around and so this year it's turned around and it's going up. so you know that yeah i think it's kind of nuts to go out and tell the chinese authorities that i'm going to bet against you i personally think that's a very courageous bet and i wouldn't want to take it so i'm moving right along you know we've got china plans at least five years ahead of its economy. and the wages

for workers it's got industrial policy we also had industrial policies as we became the global. barrier and i states we no longer have industrial policy is stated as such is that mistakes of the us be really managed so the government step in and manage the us economy more actively in the same way china does to compete with china while probably managing the economy in the yes would not be a good idea but i think there are a lot of policies that we have that impact trade that are not very good and the way we're encouraging companies to offshore i think that's a problem a tax code is a problem and it needs to be thrown out in the replaced there are a lot of policies in the united states i think that need to be fixed. and that have to store did. they condom in the united states so i think it's more

a problem of having the wrong incentives in place than trying to for a few people to to manage to micromanage the economy itself i think that will fail in the united states economy can manage itself quite well i think if if if the proper incentives are there and you know the low interest rates in the united states a key all these things that we've really distorted. our the way catalyst been deployed we you know companies are focusing more on share buybacks they're the last big purchases of stocks out there and they're focusing on on expanding their businesses doing research and other things so we've given them financial incentives to do their own thing and obviously that's. that's not very helpful and. yeah automation will continue to kill jobs in the united states it will also build other jobs that is

a process we can't stop but i think we can change the incentives we can change the tax code we can deal with. incentives there cost companies to buy back their own shares are used to be illegal in our company whidden can buy back its own shares and it's considered stock manipulation now it can you know and that's a that's a very big thing and we're not looking at three trillion dollars over the last five years or so hasn't been invested in production that hasn't been invested in developing new products and expansions that's just just disappeared in a lot of that money was borrowed money so that debt still out there. and there's no productive energy there to pay for that debt so i think yeah those are things we can address with regard to having five people managing the entire economy now you make a good point there that a lot of the stuff that has to be illegal is now legal like buying back your company's stock used to be illegal now it's legal because it manipulates the price the stock any cigs that can a stock options tie to the price of the stock and if you can borrow money from the

federal reserve bank at zero percent interest and buy back shares in your own company watch the stock price go up in your a warning or soft stock options for pennies on the dollar and you're cashing in for ten twenty thirty dollars an option there's actually transferring wealth from the real economy into the pockets of these kleptocrats enabled by the central bank so the central bank is acting in a way that mitigates any notion that america is a free market capitalist society. the price of money is dictated by central authority this is no different than in china or in russia aren't anywhere else in the world and america can't seem to get over the fact that it's no longer a capitalist society the forest is crashing it much and would be much better if everyone just wore him out outfit and sang the chinese national anthem because that's closer to what you have in america economically speaking but you know it's

we check in with you from time to time to see how the san francisco property market is doing and engaged in an epic bubble and people are on deathwatch suicide watch isn't ready to collapse yet ours are more alive to the san francisco property bubble wall for after the two sides to the commercial parts of apartment rent and there the homes of people who own and apartment rents have started coming down and they have they've reached extraordinary levels to war people just couldn't afford them anymore and a huge supply of new condos and apartments coming on the market a lot of the condos that a big old are investor owned and or rented out and so i'm and that that impacts around market rents have come down quite a bit since the peak in two thousand and fifteen we've also seen incentives crop up . and that's new for san francisco really athens now on the housing prophesied condos and even houses peak in two thousand and fifteen and then kind of

flat lined and that sort of stayed up and down a little bit but as if the flat maybe with a slight downward trend i'm joe until may would head pick spike in prices in may particularly in houses and so we'll have to see the other some as volatile will have to see how that works out whether that was just a temporary spike or whether the bubble will come continue to go on. obviously and i'm just doing the report on that right now. now is getting so expensive that people can't afford to live here anymore so they're leaving companies are leaving. the employment growth in san francisco a year over year and i just got the number today is like one thousand two hundred jobs in the last twelve months which is they used to be twenty five thousand jobs a year even now and enjoying the peak of the so the last six months the employment growth has just withered away and meanwhile we're getting all these new housing

units being built so yeah we're looking at some fundamental issues here that the san francisco housing market will have to deal with and probably starting in the far wall so negative employment growth i mean keep up these numbers on a monthly basis but right now it's close to zero and if the trend continues by next fall it will be a shrinking employment base or shrinking label force and end of the learning supply of housing so you know just basic supply and demand that's you know later something will have to give and finally one of silicon valley they've got a lot of hope and hype around these soft driving cars artificial intelligence a lot of other telepathic knowledge isn't and doesn't immediate humans on the economy do you believe the hype and a purely bought algo driven economy deliver the prosperity of all for all their. now i don't think they can deliver any kind of prosperity. maybe on the contrary i

mean if they happen on a commercial basis you know year those four million five million professional drivers out there that are liable to lose their jobs. this will not be good news for them and it will be very difficult for them to find a slot somewhere else but in terms of self driving cars happening yeah they're happening and managed there are thousands of them on the road right now being tested. it's a technology that's still very expensive they're you know they're they're not production montes a hand built prototypes at their experiment. in with. so ford's thinking that by two thousand and twenty one it will have its first car which out of steering wheel out there can be used by. by right hailing companies like taxi companies or write your companies their companies are a little bit different timeframe but that's kind of what we're looking at five years from now you'll see them show up in some numbers. you know

a lot of money is being spent on this and every company is shared and trying to get going on the forefront google never build a car but they're trying to build a system that runs these cars and this is very new competition for for detroit and for the automakers overseas and so there are there is here is the struggling to to get their arms around this technology now people are not common sex is always funny how people react to self harm cause they always and i never happened i said this five years ago when the only thing out there was it's all google pod i'm not a parking lot and they're saying it now when we have thousands of cars and traffic going through different cities in the world yeah and so this technology has started to be functional. human drive is a terrible thirty seven thousand people were killed last year by human drivers so these algos only have to be better than human drivers and that shouldn't be that hard to do yeah well taloqan a on off there i may make

a good point i'll thank you science going to stop a lot of these industries including the sexpot industry well thanks for being on the kaiser reports expect to say thank you x. and that's going to death this edition of the kaiser report with me max keiser and stacy herbert like to thank our guests well for a tour of wall street dot com if you want to reach us on twitter it's kaiser report ental next time buy you off. just learned that you know something. i don't want my next nights out the big finish. i'm back. when seeking out in the. south. and. taking the equal city south yes. then you're going to bring. it with a guy. who might be.

good enough to let the. saudis out. just dealing with one mean a leftist i know the deep but a lot of. them tokyo find it is going to help. him. like. his work with because. he's. bustling the dubrovnik in venice are all fixed travel destinations so it must be nice to live there or is it. crowds of tourists disrupt the city's economic and social life in general to live

for us on the slash was such a traditional story some nas buy him some but not as we know as minor leagues. while the city's tried desperately not to collapse. the profit of what was up will probably be global in the coffee cup at home in the bushes up the on saabs knock up the supposed to me about. to. run. as a tourist phobia will fail fall into an identity. headlining

this hour german chancellor defends refugee policy this is german security services for oil a right wing plan to kill leftist politicians with a policeman among the alleged. spain's interior minister admits the security failure may have allowed a terrorist cell to launch attacks in barcelona earlier this month. at least five people were killed in a taliban suicide bombing in the afghan capital needed to the u.s. embassy. to texas residents flee devastating floods that's a shocking response from some trump opponents who are less than sympathetic towards the plight.