this is. better than. the c. . heard of. the world bank. headlining right now the german chancellor defends refugee policy security services planned to kill politicians with a policeman among the alleged plotters. spain's interior minister admits the security failure may have allowed a terrorist cell to launch attacks in. earlier this month. and south korea and japan move to shore up the defenses after north korea fires a missile through japanese airspace russia's defense russia's foreign minister calls on pyongyang to start abiding by u.n. security resolution.

that this is r.t. international money welcome to the program this tuesday five pm here in moscow four pm in germany that's where we're starting this hour security services say the right wing plot to kill leftist politicians. correspondent peter all of a has the details from berlin. police have 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 palmerton. 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 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. 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 . the sentence we can do this is part of my political work but so much has been read into this every day expression it has become a simple mortal in the discussion around it has turned into an unproductive endless loop we didn't embrace the problem in an appropriate we there also goes for protecting the external borders of the shingle area 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 been called a terrorist attack by plenty of potential terrorist attack by investigators it does show that her policies still remain controversial to this day as peter said christian democrats are way out in front in the polls while the alternative for germany party the f.t. is among those trailing the front runner as i discuss the election race with one of the a.f. d's deputy presidents this plot against the leftist politicians believed to be rooted in germany's migrant policy it's something that's been divisive a deeply emotive but now that it's got to the stage where people's lives are being threatened just because of their politics doesn't it suggest to you the party's with fiery rhetoric over migrants and the migrant issue has gone too far. well actually we have a lot of tension also starts you are now

a lot of tension the extreme exactly never experienced before and this is to do with the mind my question is why is this we still have the migration to arsonists. and your money you see a lot of sexual harassment committed by forward those coming from afghanistan coming from pakistan coming from countries and there is a lot of tension or society where now just a few weeks away from the election it still seems that voters prefer angela merkel's hand on the rudder when it comes to all sorts of things not just migration rather than parties like yours. well. whether you actually shouldn't have in mind how party is. also vireos terrorist media there's. actually no all positive news coverage of all party at all and we have one leftist influence the media. spain's interior

ministers admitted that security flaws likely played a role in the recent terror attacks in barcelona campral explained that the alarm should have been raised after an explosion at a house just a day before the atrocities took place. it is possible some checks were not made in this case and we will have to determinate how we can know why this is happening again 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 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 for what we've heard previously from belgian officials who actually say that that in more of a 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 the wider thora to a larger database of people who are watching potentially people who are radicalizing others now the spanish minister will meet his counterpart elated today from morocco to discuss possible cooperation. with the security

between the two different countries but the big question remains is that house that exploded the day before the attacks in barcelona and cambra if the police had recognized early enough that this house. explosion was not caused by a gas leak which was initially suspected but actually it was caused by an explosion bomb making equipment whether that then could have potentially allowed them to break this terrorist cell down stop the attacks the next day and potentially save many many innocent lives. the saudi led coalition has admitted that it's strike that killed fourteen civilians in the yemeni capital on friday was a technical mistake it also offered its condolences to the families of the victims hundreds in sanaa turned out to protest riyadh bombing campaign are some of the following images we're about to show you show graphic injuries this six year old girl survived the strike despite the apartment block she was in being completely

destroyed is her story. they know. and every gate. and she is the only child who survived the airstrikes that hit the house and. her family died her father mother and siblings. perished. we found multiple fractures in her left cheek as well as cracks in the bone around her eye and across her forehead. with me now is unicef representative in the. dr alan you're welcome so we've mentioned the story of that one particular little girl to your knowledge in this campaign in yemen do you have any indication of how many children are being caught

up in this conflict. yes actually we know that since the beginning of the conflict in one thousand seven hundred two in the one she didn't come until almost three thousand have been meeting door severely injured and also of more than one person a hundred have been rooted as the result of that i did not close the country in the last two months have gone so that the eight children have died and the time to bury five feet there's the actual few figures may be even higher and of course higher still when you include all civilians and all that why are so many civilians being caught up in this conflict. well obviously they began fighting this taking place here absolutely at that time to see the six in there but the only the only way to prevent this is to demand to this conflict otherwise many more children and many more civilians we trapped in that these last one and in terms of the the the wider

humanitarian problem in our country we've talked to your colleagues elsewhere in unicef we've spoken to other human rights organizations and we've read out the u.n. calling for an end to the conflict and dealing with this humanitarian crisis famine those starvation the cholera but still it feels like we're saying the same things months and months on why is nothing being done. we continue to repeat to everyone in the end they only want to stop the. a peace agreement and it was it in that region that puts an end to the conflict and we wish these to all the practice inequality but also to all those alliance so those parties in the conflict because we really need to put a stop of the on the getting my grief by our nations against children in the country if the conflict can't be stopped overnight how do you even tried to get humanitarian aid and medical supplies food and the like who can help with that if not the parties conflicting on the ground can there be any international pressure to help you get aid to the people who needed most. well we are getting the aid to

the people who dates with the partners on the ground but definitely there are acts a scene where it's finding these act is so we bottom as to n.g.o.s local n.g.o.s at the same time we are we have to because the part that's in that country to ours to come to that and it is this is the other issue that we have something to be says for you money or export for the horse to be in the night so we cannot be necessarily starting to the country and also usually we need to have the poor and the earth open for the money and supplies to come to the current you're in the country so you'll know about a. is there any indication that something is being done way you are in order to be able to help the civilians in this conflict. well definitely now in the in the light of the of the for example of the cholera. we have a warehouse a medium piece this. response that we have put in place for the u.n.

agencies today that we've been geos and they and the local authority issued that there is a ninety nine q. rate of all the of the pieces we have. who are a they are really a treatment centers that we look at mit or we have done a massive house to house campaign that has reached e.t. seven percent of the household countries so we are. quite a lot of. the sport and are you hearing any support from the military side of it to put pressure on those causing the problems in the first place i know that's possibly not necessarily in your remit but are you hearing any indication of pressure being put on the saudi led coalition in order to if it's conflicts going to go on to better targeted strikes to avoid civilians wherever possible. hopefully it will depart this time we sold an artist in the conflict to to to respect the international humanitarian bill to avoid the facts on hospitals and and

their. that. the cost would mean christ. we wish you the best with your work it's a tough job out there i know. from unicef and yemen thank you very much for your time on i do appreciate it. thank you very much. the korean peninsula is on edge once again north korea is tested another ballistic missile and it's flown over a japanese island we'll get expert reaction to that after the break. the fear we go through. every the world should experience the. good old. the old according to just.

come along for the. dropping bombs brings peace to the chicken hawks forcing you to fight the battles that will. produce offspring to tell you that will be gossiping probably by files of the most important. telling you are not cool enough and let's invite. all the hawks that we along with all of. welcome back the taliban says it's behind an explosion in the afghan capital that

left five people dead and several more injured the suicide bombing hit an area near the u.s. embassy and another of a number of other diplomatic buildings as well in kabul journalist but also ari 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 where i labored more from the u.s. embassy which 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 eat mostly government soldiers in the initial stages kabul police believe there was 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 attack comes just a week off the donald trump announced his new war strategy for afghanistan. we will also 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 eisel in afghanistan sometimes called k. these organizations don't send email they send messages like this and there's no question there's a link to what trumps just recently announced with a new program in afghanistan but there's something else you got to look up 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 it's on government forces to crack down on both 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 today. we spoke to

some people in afghanistan about what they think of the continued u.s. presence in that country. colonel carter 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 by the fact that by we look at the u.s. operation into the house and saw a school boy they should him dead later they said they had killed the taliban trying to before they left they blew up the entire building. next to made a wave of resistance to confederate monuments in the wake of the charlottesville violence there seems to be a growing number of americans who want to express support for civil war symbols a confederate flag manufactory seen a spike in sales as bob says it's part of

a backlash over the statues removal. 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 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 news 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 to texas needs and we certainly don't mean lessons from supposedly leftists that are really just hateful it's hate speech it's horrible.

a number of political leaders around the world have slammed the u.s. sanctions imposed on venezuela last week and those restrictions have been branded a financial blow and a violation of international law on monday trying to get reaction. the experience of history shows that outside interference or you know arterial 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 duros government as well as with the venezuelan state oil company experts say these 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 is exempt after its controversial decision to buy almost three billion dollars worth of bonds in venezuela's state oil company a made the move was seen as an attempt to

supply fresh funds to but duros government but goldman sachs denies those allegations saying they made the investment because they believed in a brighter future for the country that's an american studies professor daniel schorr though is convinced that the financial elite are pulling strings. you know how hypocritical that the u.s. government is supposedly going to be known as well over one of the largest u.s. banks. so. almost their profit margin is the fruit of the new stories in the mainstream media always seek to him in any country this is sovereign outside of the us so when you see these banks are the same is because they are in profit off of venezuelan markets of it as well and it shows today who's in truly interim in the us economy they've been. doing it is

that what it is that it surely are controlling us. and the president and as well as foreign minister has been speaking exclusively to r.t. about the tension between the countries he believes that it's the opposition in venezuela that should shoulder the blame for the u.s. sanctions. are going to have 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 opposition we have there have been lobbying 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. a crucial part of

a bridge that will connect to mainland russia with crimea has been installed by russian engineers on almost three hundred meter long railway arch is in place about thirty five meters above the current right construction engineers had to work at a very slow pace due to the mental weight of it taking them twelve hours and needing a dozen lifting systems in said to be one of the most ambitious projects in modern russian history the crimean bridge will have a four lane highway and a two lane railroad and shuttle to be fully operational by twenty nineteen. we've got some power on it from sixty video for you to washington see how it's all been that's it from a finale update you again on the world news from the international thirty five minutes c n n. welcome to they are already out. there for that.

make this manufacture consent to the public well. when the ruling closest to protect themselves. with the flaming. lips and neither will. the middle of the room six.

greetings and so you tell you should. 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 destroyed city kill bad guy walk off in the sunset with plucky sidekick and super attractive costar who is in this dress 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 mcclane or james bond leaves in their wake a family crushed by the plane vin diesel just blew up over los angeles to kill a scene or a 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 there was never more on this play than in the three month the siege taking place in the syrian city of rocco where coalition forces have been bombarding the city with air strikes under the auspices of destroying isis the loss of civilian lives as gotten so bad that we had one anti isis syrian activists from rocka 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 are know the difference between the good guy the prizes their mother and the bad guy. as 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. the.

real thing. as a lot of. you know that i got. three. weeks. well everybody was in the dark so i am tired and i'm out of the wallet. this is. how do you miss that my hair black why are we dropping bombs on places that. kind of finish up a pack of is that they are you know you got me behind it really is astounding we were really about it this morning everywhere they 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 from you know terrorists or u.s.

warplanes or all that can actually tell the difference between like like it's like oh well the good guys drop that bar so we won't be as mad. 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 you might 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 called what's really going on and you know so donna heller of arrow is 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 leftover 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 you. everybody's been dropping bombs and then in country you see it in yemen saudi arabia you know there's this idea of the bombs or person. they're just not like i mean ok yeah you might be a 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 doesn't really people you look at war one of the things about foreign really is is how the media kind of covers this because it's like you know you were going

to now they're quoting you know what they love to quote when it came to you know bad things that assad did do is people that the britain based syrian observatory for human rights we all know right you know now they're having to report the airstrikes in iraq of. last month killed forty two civilians including nineteen children and twelve whatever the are diverse group rocco's being slaughtered silently said thirty two people were killed in air strikes in one neighborhood alone and all the u.s. led coalition because what's happening is you have what the people that we believe are the moderate rebels on the ground calling in the airstrikes so you know you hope that these sometimes ok remembers sometimes and i don't know i'm really confused about who's on what side over there at any moment as we will or you are calling them strikes on isis or they could be calling them strikes on people they don't. like you were amiss with 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 you know in any war you want to keep supplies away from those who are fighting and obviously ago so part of the deal was that they survivors had 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 says. he told the new york times on july july second we shoot every boat we find so that is so route is is an escape route for refugees this is indiscriminate attacks on the boat is making it harder for people to get out and once all of that rubble that we see is earlier and you're going to find a lot more people you're only how to bodies they can find and identify now once you're there about it but it's 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 par. it's classic series for thirty four years but today after its screening two weeks ago they 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 enlighten 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 rid 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 theatre just decided to be coward 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 fascinating story you know to me there's a difference between a statue that commemorates someone like robert e. lee a general someone who slaughtered people someone representing you know an ideology and then 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 this is 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 it 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 the park bothers me i have to walk by the stuff you're going to praise there like our wonderful kid 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 into this book as witchcraft it

like harry potter you know care every time of that side tries to say we need to get rid of this book and not let children cedarbaum the book now you have the love doing this extreme thing by 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 as it's ridiculous is where 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 more 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. i got 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 has and you get out. the fire store you know and this theater it's a private business they can choose to show that they can take it or they're not sure it's the show that's their right as

a private business let's not forget that but to me i think you know it's the difference it's apples and oranges we're talking about something that you have to walk by the locked in of the public sphere and something that you have to physically go buy a ticket to go and see no one to see this my tax dollars are paying to keep it. as we go to break court watchers are going to let us know what you think of the topics with facebook and twitter. dot com coming up radio host author and sociologist. to discuss the dangers and the future of predictive analytics it's fascinating you don't want to miss it stay tuned to watch. 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. produced.

around the world giving blood is seen as a symbol of generosity and does this because it helps people that's one of the side effects is that in this. they put their money on your car immediately you don't have all plasma based drugs today come from private companies and are produced from paid. as well as. you know. what are the risks of a donation. then is proof that the frequency of. these much higher paid. line. it's over two years old he will go. through and who runs the blood business. coins falls 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 and you trust the hospital is working in a trust third parties all day long but the point is the first trust international currency doesn't require trust it just requires consensus to buy into every ten minutes 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 desk and pee themselves and cry that's what i like.

both. from the. last time we chased. each one of them carrying twenty kilos of drugs. pushed a fence. they just stepped. into the fray and we have mean. they have this is. this is for me. i don't know maybe it'll make or. break. for. now. all. around.

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 kostis so eloquently put it in her 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 quick today's leaders with previously imaginable power the power to respond and shape events before they occur we stand on the cusp of what darwin 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 few. 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 and i can give you some examples if you like put into place two. 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 because 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 timers 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 while the other bats that's getting way out ahead of the curve and so 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 are incredible but also. having to anybody 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 and 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 business is 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 this 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 change 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 daven gate 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

an allowance and make friends with failure but here is the key fail fast and move on good bad like bad good very good bit of advice fail them move pick your cell phone keep going you're going to. read about. one final question because this kind of struck me is weird is something like you know a chaos theory to predictive analytics knowing that you know the predictability of the unpredictability of the world were words that fall in predictive analytics. i will tell you that there will be no more on 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 no farias actors are going to committed an act what are we prepared to do great question to rebook or cost american social biologist host of the some because of radio program the cost reporter and author of the new book 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 where's the

stress and fatigue parenting 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 it earned in the nickname shampoo socialist not unlike his predecessor nicolas sarkozy who is penchant for luxury vacations and pricey ray-bans 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 love point 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 that it's still less than what is this predecessors and i don't know maybe i was born with it maybe it's just vanity. i think.

most politicians going to err on the side of. the house and that's a lot of money a. lot of money clearly. has these two and there's not even any way glitter. or old. everybody remember him. real love them up for you i am. a great. welcome. back.

the two thousand and eight economic crisis turned some countries into pigs these are the countries with weaker economies that needed austerity policies if you are in a situation of even the recession austerity is a very bad idea it doesn't work and it makes millions of people very unhappy and employed see which is the. most a decade good of the results. of the. she was i mean if i eat the whole.

thing. while the same mission is still in place to one of the consequences to weaken bluebirds. i will first. this is the truth the consider is the consequences are actually quite acceptable to the decision maker. 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 and does this because it helps people it's just that 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 produced from paid plasma the smallest. role. and. one of the risks of paid donation. there is proof that the frequency of pathologies is much higher in paid nations. if i was. over two years old he was. in the money. and who runs the blood business.

security. politicians. security. terrorists. about the plights of mostly the state.

security services. to kill leftist politicians all europe correspondent has the details from berlin. police have 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 martin. 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 and 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 cheese day 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 it's a 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 that the sentence we can do this is part of my political work but so much has been read into this area the expression it has become a simple mortal in the discussion around it has turned into an unproductive endless loop we didn't embrace the problem in an appropriate we 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 been called a terrorist attack by plenty of potential terrorist attack by investigators it does show that her policies still remain controversial to this day as peter said angela merkel's christian democrats are well out in front in the polls at the moment while the alternative for germany party i.f.t. is among those trailing the front runners i discussed the election race with one of the deputy president it's plots against the leftist politicians believed to be rooted in germany's migrant policy it's something that's been divisive a deeply emotive but now that it's got to the stage where people's lives are being threatened just because of their politics doesn't it suggest to you the parties with fiery rhetoric over migrants and the migrant issue has gone too far. well actually we have a lot of tension also starts you are now

a lot of tension we actually exclude never experienced before and this is to do with my question why is this we still have the migration to isis. germany you see a lot of sexual harassment committed by forwardness coming from afghanistan coming from pakistan coming from countries and there is a lot of tension or society where now just a few weeks away from the election it still seems that voters prefer angela merkel's hand on the rudder when it comes to all sorts of things not just migration rather than parties like yours. well. whether you actually shouldn't have in mind how hard he is. also by those terrorist media there's. actually no all positive news coverage of our party at all our party is quite successful older citizens of germany

did we. strictly democratic force which is actually again strongly against any kind of extremism and any kind of political violence be it just wants to be a force. in the parliamentary system of germany we don't want to change the system we don't want to turn down the system. planes interior minister has admitted that security flaws likely played a role in the recent terror attacks in barcelona and campral he explained that the alarm should have been raised after an explosion at a house just a day before the atrocities took place. it is possible some checks were not made in this case and we will have to determinate how we can avoid this happening again 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 a 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 that in more of a 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 the wider thora to a larger database of people who are watching potentially people who are radicalizing others now the spanish minister will meet his counterpart elated today from morocco to discuss possible cooperation. with the security between the two different countries but the big question remains is that house that was exploded 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 an explosion bomb making equipment whether that then could have potentially allowed them to break this terrorist cell down stop the attacks the next day and potentially save

many many innocent lives. saudi led coalition has admitted that it's strike that killed fourteen civilians in the yemeni capital on friday was a technical mistake and also offered its condolences to the families of the victims hundreds in sanaa turned out to protest the riyadh bombing campaign some of the following images do show graphic injuries this six year old girl survived the strike despite the apartment block that she was in being completely destroyed here's her story they know. and every gate. and she is the only child who survived the airstrikes that hit the house and. her family died her father mother and siblings. perished. we found multiple fractures in her left cheek as well as cracks in the bone around her eye and across her forehead.

last hour i talked to unicef representative in yemen who told me about the shocking numbers of children who are suffering in the conflict. actually we know that she's the beginning of the conflict you want to tell us in seven hundred twenty one she's . almost three thousand happy medium for severely injured and often sold more than one person they have been looted as the result of that i did not close the camp in the last two months have gone so that eight children have died and. the action figures are going to be even higher we really need to go on the nations against children in the country the only way to prevent these two and then to this conflict otherwise many more children and many more will be trapped in that last one hopefully will depart this time we told our of these in the conflict to respect the

international human. and so that because with these christ. like i knew this our police in the united states will once again be allowed to use military grade equipment after a new executive order comes across this force and washington a bill without some or all is this new kick in to help police keep the peace. well president signed off on this executive order on monday which will reverse his predecessor's ban on authorities using military grade equipment and back in two thousand and fifteen barack obama actually imposed the band to prevent excessive force against civilians. a variety of high caliber firearms will be available in addition to armored vehicles as well as military

helicopters police will also be issued with camouflage bullet vests and bayonets for close combat attorney general says jeff sessions called the move lifesaving for police however some including senator rand. all believe that the new executive order is vast overkill as the police are already over militarized but this all comes amid heated violence in charlottesville and most recently berkeley so the country is clearly divided at the moment so what this will bring it's relatively unknown and that is some serious equipment there were way to see if it ever gets used to cause for now those american in washington thanks for that. staying in the u.s. and the devastating floods in the state of texas are now thought to have killed up to fourteen people as the area continues to be pounded by tropical storm harvey it's been downgraded from a hurricane but it's affected hundreds of thousands of people there the city of

houston is one of the worst hit and floodwaters are expected to continue rising for the forseeable future 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 is heading to texas to be briefed on the relief efforts. but shockingly for some the did disaster has a political angle to it one twitter user praising the floods for cleansing texas of racists others are glad the trump supporters could be affected some said voting republican could have brought this on texas political analyst charles will tell 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 of the imagination there is a large minority hispanic population there is a large minority 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 somebody because his or her political view use 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. the taliban is claiming a suicide attack in the afghan capital just a week off the donald trump announced his new strategy for the country it's among all stories still ahead.

coin saul's for trust it's a mathematical formula 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 the good doctor is professional you trust the hospital is working in a trust third parties all day long bitcoin is the first 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 the protocol if you're getting fabulously wealthy or watching central banks collapse i like about it i mean wealth comes and goes but watching central banks crawl into their desk and pee themselves and cry that's what i like.

the first seven 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. and has 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 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 are u.s. 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 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 a policy proposals. i mean specifically. i'm not sure oh 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 being 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 the. 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 mop and r.t. new york. taliban says it's behind an explosion in the afghan capital that left five people dead and several more injured the suicide bombing hit an area near the u.s. embassy and a number of other buildings in kabul journalist but also we have 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 nate is explosives this was a very crowded area this is a main road people who are waiting to get paid ahead of the mostly government soldiers in the initial stages kabul police believe there was 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. if in cities 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. north korea has broken a brief period of restraint and calm in the region by firing a missile directly through japan's airspace it crashed down in the pacific about a thousand kilometers from the japanese mainland russia's foreign minister brought up the latest developments on the korean peninsula at a meeting today with the prince of abu dhabi. following the visit. basco is being very careful when it comes to threats against north korea and surrogate latest message to pyongyang during his golf trip is the usual and perhaps most evident we

as international community at the un removes all where young yang the last across the line so please stick to that. we insist that our north korean neighbors who live old the u.n. security council resolutions this is the position that we stick to the u.n. security council meetings and will do so at the meeting that is now been suggested the recent missile tests by north korea is no surprise the u.s. president's reaction to north korea's newest toy launch somewhere towards japan was much more harsh donald trump blamed came john for signaling his contempt for the neighbors and here's another quote threatening and destabilizing actions only increase the north korean regime is isolation and then came the usual threat again all options are on the table speaking of the stab allies in the region the u.s.

along with south korea went for drills there just last week and now after youngins latest launch more drills this time by japan and south korea and in the meantime here's the message that china sent out to all the parties in this conflict that. china is only parties concerned to do no more to provoke and ask. the parties can remain restraint and work together to maintain the peace and stability of the peninsula. this essentially echoes some of what russia has been calling for all along let's read from all sides less things from all sides that could provoke military action and of course young yang must abide by those u.n. resolutions. trying to reporting that well as your affairs expert andrew tilghman

told us that the latest military escalation is pushing any peaceful solution further away. more career is still wants to talk to the united states and keeping up the pressure and is also intent on doing. long distance the livery systems for nuclear weapons as a bargaining chip but i don't think it's the moving to an all out war because all war is not going to do north korea any good nor would it do. any good for both russia and china the situation is quite clear the whole thing cannot be solved . and this a military confrontation is going to make matters worse i think the position on both china and russia are very clear but then the whole thing hinges on what the united states is going to do and all the united states is coming up with is sanctions you know sort first and also military confrontation that's making matters

worse. number of political leaders around the world who slammed the u.s. sanctions imposed on venezuela last week the restrictions have been branded a financial blow and a violation of international more on 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. u.s. sanctions applied on friday target any financial deal struck with president duros 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 is 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 madeira rose government but goldman sachs denies the

allegations saying they made the investment because they believed in a brighter future for the country that's an american studies professor daniel schorr though is convinced that the financial elite are pulling strings you know how hypocritical that the u.s. government is supposed to be couldn't be no matter where you are one of the largest us. moves the profit margin is the fruit of the new stories in the mainstream media all we seek to deal with any country says it's our group we outside of the us so when you see these banks are the saying is because they're in profit off of it as well mark is really as well and it shows today who's in truly in need of the u.s. economy they've been. doing it is that what it is that is surely controlling us in the president's own as well as foreign minister has been speaking exclusively to

outing about the tension between the countries he believes that it's the opposition in venezuela that should shoulder the blame for the new u.s. sanctions. that is the most natural reaction of international organizations like the un it would be to recognize that the solvency of our country must be respected curb attempts of interference in the internal affairs of venezuela and refrain from adopting opposes of unilateral sanctions that violate the principles of international law so that you understand what kind of opposition we have there have been libya going to washington to achieve those sanctions against venezuela i 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 . crucial part of a bridge that will connect mainland russia and crimea has been installed by russian engineers and almost three hundred meter long railway arch is in place about thirty five meters above the coach straight construction engineers had to work at

a very slow pace due to the immense weight of it all taking them twelve hours and needing a dozen lifting systems is said to be one of the most ambitious projects in modern russian history the crimean bridge will have a four lane highway and a two lane railroad and it shuttle to be fully operational by twenty nineteen. if you want to see how it was all done we've got some panoramic three sixty video to show you at all to dot com that's it for me from now on up thank you again in thirty three minutes i'll join me.

here. bustling the dubrovnik will fix travel destinations so it must be nice to live or is it. crowds of tourists disrupt the city's economic and social life to live for us on the celestial get out of the traditional story some nuts by him sometime soon as we've done as minor leagues. while the city's tried desperately not to collapse. the profit of. the couple who probably globally. in the bushes up the on saabs knock up the supposed to mean

a. lot. is a tourist phobia fulfill phone tone identity. sties or this is the kaiser report look at this look at this this is cheesecake look at that jason get a good look at this this is a key lime cheesecake look at that totally out of this is terrible you can't really see it and you know the reason i bring this up is because. this really is inspiring to me i don't know i says oh look at stacey and i'm thinking this is what i say look at stacey this is what i see kids. cheesecake on stilettos. so i see. a figure stacey apparently can't. just have it at that's what

being marriages are all about. in the crypto world you can have your key lime pie he needed to coin bond launch brings digital currency step closer to world of high finance japanese financial information firm fisk zero announced monday that it is experimenting with the country's first bitcoin backed bond and 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 john 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 its x. factor has been dealt with then a core thing like jim rickards also jim bit coins of currency and i'll say now there's no depth to it show me where there is a big cooling bond show me a bit coin both of them so as jim records ok i'll show you but going bob is right here in first and japan right here this part almost a trillion dollars but actually go system that you're missing because you are. the doxy 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 you'll see it tumble by a 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 i have some to the key lime pie. having trouble breathing this is pretty gross you know that 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 the key lime pie and they're all the factory senses collectively they're going to go they're going to run a 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 burke 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 not sure why unless they're 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 points face i don't know there's a there's a guy who could be you know

a 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 very 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 big cash is another currency it's not it's for just such a sustainable know because they might be confused now watching burn off but don't

be stupid something off it's a spread on a big fricken 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 a big claim back don would allow large institutions to store value using the digital currency and potentially be more open to accepting big coin as payment well mrs watson nobby the mythical japanese housewife who moves four 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 between was invented by the nakamoto who 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 called her appropriate for mrs watanabe if the price should go on 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. well. here is for people who again you know are new to this because

it's face to his 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 in to report back in two thousand and twelve and thirteen but historically this is a good paragraph here crypto currencies were very much a domain for crypto anarchists and tech savvy people and that has changed in the last couple of years says 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 that list the ticker symbol is b g b t c but what you have is company greyscale grace scale grace that is that from game of thrones isn't that what they have and 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 barry silber just look up its name not related to muriel silber who had a discount brokerage firm in one thousand seven hundred think barry can correct me if i'm wrong but 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 i 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 reading 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.p.o. see was you know you first russia was going to you know russia a year ago when i was at the world economic forum in st petersburg that was actually three years ago three years ago i told the kremlin people that they should get into because it was like trading under fifty bucks just see you know max and

not speak to anybody in the kremlin he was standing on the corner of somewhere in paris and i was there i was under total i got back to you from the pile that's true because i made some fun of people but i was there but you know what a lot of people say. people like jim rickards will say that because it is a cult i think it is also this called it a cult so just so you know there are these crypto anarchists out there and one day they could rise up and take. it into keeping with our game of thrones theme you know they could be like the fundamentalists coming out it's called the system because it's just really good consensus 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 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 oh we got to go darn it well we're back after the break don't go away. but it was supposed to some of us there was a. but it. was just before. last time we chased. each one of them carrying twenty kilos of drugs to this very first

offense. they just going through. it's the three we have mean pay the money. this is for me. it would be i don't see a porno maybe they'll get a make or. break. for. brown well. they're not ones up. on a flimsy often i don't want my lips nights on the definitions and i'm back. when seeking out a new south. and. take them in equal city south korea sun if you move down to get the damage then you get ready for it.

now it's like i'm. moving right now i think. that you know well that beach. sounds our. next guest feeling if one means a leftist i know the deep but let me say this now in tokyo find it is going to happen keep going. like. this one was because did a piece of dancing coral cultural shift from the premise.

welcome back to the kaiser report i'm asking as are 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 it 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 their 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 called to ask a man out with. his short he did a very publicly scathing report on china and surely the thor it is 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 sellers looking at is 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 orchestrated its policies and forces to to blow that short out of the water they'll do that and end 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 since the announcement was made the currency went up three percent against the dollar and there was a concert that 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. acquisitions by china and the united states have especially 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's 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 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 way just the workers it's got industrial policy we also had industrial policies as we became the global. perrier 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 indeed yes it 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 are 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 con i'm 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. the incentives there cost companies to buy back their own shares so used to be illegal in our company when i couldn't 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 that 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 you know those are things we can address without really 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 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 weeks 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 own and apartment rent 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 gold are investor owned and are rented out and so 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 that's new for san francisco really adams 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 state up and down a little bit but as actually flat maybe with

a slight downward trend on joe until may we had a big spike in prices in may particularly in houses and so we'll have to see the sentiments of all the tile we'll 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 then used to twenty five thousand jobs a year in now and join the peak of the so the last six months 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 san francisco housing market will have to deal with and probably starting in the fall of also

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'll be a shrinking employee base are shrinking label force and the learning supply of housing so you know just basic supply and demand that's you know later something we'll have to give 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 that i can a purely bought and algo driven economy deliver the prosperity of offer all there. now i don't think they can deliver any kind of prosperity. maybe on the contrary 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 now there's 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. and with. so ford's thinking that by two thousand and twenty one it will have its first car which out of stare will out there to be used by. by right hailing companies like taxi companies or roger companies other companies are a little bit different time frame but that's kind of what we're looking at five years from now you'll see them show up in some numbers. a lot of money is being spent on this and every company is fiercely trying to go just on the forefront google is never build a car but trying to build the system that that runs these cars and this is very new

competition for for detroit and for the automakers overseas and so they're there are serious the struggling to get their arms around this technology. people are not common sectors always funny how people react to self harm in cars and i was and i never asked and i said this five years ago and the only thing out there was it's always google podge i'm out of parking lot missing it now when we have thousands of cars and traffic going through the difference it is in the world and so the technology start to be functional. you know human dry was a terrible study 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 well challenge out a on or off there i may make a good point i don't think going to science going to stop a lot of these industries including the sexpot industry well thanks for bringing on the cars reports to speak to you so thank you max and i'm going to do with this edition of the kaiser report with me my father and stacy hermit like to thank our

guests wolf rector of wall street dot com each one reach us on twitter times report until next time by. the two sounds in an age economic crisis. some countries into pigs these are the countries with we can recall them is the needed austerity policies if you are in a situation or 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 almost a decade how good are the results. by the people. she. challenged us to.

think. why are the same measures still in place who want. to weaken bluebirds. will for. the truth be consider is the consequences are actually quite acceptable to the decision makers. 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. produced 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. burns or put money on your car. half of all plasma based drugs today come from private

companies and are produced from paid plasma as well as. the role of murder and. what are the risks of pay donation. there is proof that the frequency of pathologies is much higher. paid donations in it. if i was lying. over two years old he will go over the money using the drill and who runs the blood business. here's what people have been saying about redacted in the sixty's it's full on awesome the only show i go out of my way to lunch you know a lot of the really packs a punch. is the john oliver of marty americans do the same we are apparently

better than blue. and see people you've never heard of love back to the night president of the world bank patzers doesn't really mean seriously send us an e-mail . he's had lines this hour the german chancellor defends her open door refugee policy this is security services for oil a plan to kill leftist politicians with a policeman among the alleged plot of. spain's interior minister admits to the security failure may have allowed a terrorist cell and launch attacks in barcelona and kaberle sunday edition. and russia calls on north korea to abide by un resolutions following gangs latest missile test the u.s. stresses that it's time for a serious action against north korea.