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tv   Russia Today Programming  RT  September 19, 2017 2:00am-4:01am EDT

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yes i. know. when i started though i did. speak to the united nations for the first time claiming the international body needs reform. in recent years the united nations has not reached its potential because of bureaucracy and mismanaged. three people arrested during violent protests in atlanta georgia off the campus police. and syrian government forces across the euphrates river securing that. living closer to us by
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. international live from almost. welcome to the program donald trump has delivered his speech at the united nations criticizing the organization for. and mismanagement and calling for reform. reports from new york on how the business men turn president would like to see more value for money in diplomacy. this rig with its owner is. donald trump has made his debut before the un the world's leading international body a body that he once called a club for people to get together talk and have
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a good time trouble open the first session of the u.n. general assembly with a quite familiar message make things great again with reform recent years the united nations has not reached its full potential because of bureaucracy and mismanagement while the united nations on a regular budget has increased by one hundred forty percent and its staff has more than doubled since two thousand we are not seeing the results in line with this investment at this point the united states is the top contributor to the united nations the usa pays twenty two percent of the core un budget and twenty eight percent of the peacekeeping operations that's three times the second largest contributor china being a businessman this is how trump sees it because the usa is such a big contributor it has every right to question the un's results and the usa has been seeing itself over ruled by the international community when the un ruled
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against israeli settlements this triggered accusations of bias i'm here to emphasise the united states is determined to stand up to the un anti israel past i think most americans believe the united nations has become more anti-semitic more anti israeli and i'm a big internationalist but we're going to stop the money until we get this fixed and there syria russia and china are frequently vetoing resolutions that they view as misconceived this is causing american lawmakers to say that they are a threat to global security the problem is the international community is being held hostage by china and russia just vetoed a united nations security council resolution condemning the assad. seem every time that's been tried they have blocked a former u.n. ambassador for the united states samantha power a longtime advocate of u.s. military intervention has said that perhaps russia and china's veto power should be removed if a particular body real self to be dysfunctional then people are going to go
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elsewhere and if that happened more than syria and ukraine and you started to see cross the border paralysis it was certainly it your paradigm is the security council's tejas as it goes to international security it's sort of the trump tower version of the u.n. reform he simply wants to be on the model of suppose one can wish him well but i don't think it's the right way to approach the more profound questions of peace which to me balancing with a world against each other is a bit more important than balancing the budget the united nations charter does not allow for pay to play games votes are not for sale before the usa calls the un disrespectful it should remember that it's a global platform for compromise where every voice can be heard. on r.t. new york. from physics back to speak at the un general assembly later today and we'll be bringing you all the updates from new york live here on international.
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syrian government forces have successfully crossed the euphrates river near there is or effectively securing their advance against the islamic state in the area. reports from syria with the latest. the syrian military allegedly crossed the euphrates river in the vicinity. just southeast of the russian air force had spent days clearing the way isis resistance in the area as well as destroying isis. units across was again according to various sources. a detachment that is deployed and trained to fight against isis exclusively it has apparently be tough going. villages on the west on the eastern side of the euphrates river but isis have carried the counterattacks and have resisted fiercely
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sending suicide bombers as well as vehicles packed with explosives in an effort to destroy the advancing syrian forces isis has also according to reports suffered significant casualties. being captured but they aren't letting up the pressure they determined to throw the syrian military back across the euphrates river something that will be much harder to do now that the russians have said they've set up a bridge and temporary military bridge across the euphrates river by which the syrian military can move heavy units tanks and. across the east the coming days will be. because the syrian military is now kilometers away from u.s. forces so it will be important to watch for any sort of escalation to avoid any
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unnecessary incidents. i mean exclusive pictures from the recently liberated syrian town of acrobat in hama province they reveal islamic states weapons stores in armored vehicles left behind by the militants as they fled the area the warehouses were connected by a tunnel system. thousands of french students have found themselves locked out of their own college campus after an illegal makeshift refugee camp appeared on site forty migrants have unlawfully settled at the champagne are down university in northeastern france for security reasons all lessons have been suspended until further notice the president of the university says classes when we start until the authorities can ensure student safety we spoke to him as well as students at the campus. yesterday we witnessed an illegal occupation of the university's grounds due to this situation i can no longer
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guarantee security there are some children living here and it's impossible for the departments to function normally so i've shut down the university and i'm waiting for solutions to be offered. so it's a shame to sacrifice the interests of six thousand students for the sake of forty people i understand that we're talking about people who are on the streets but still this situation seems unfair to me. at the moment who are being sacrificed by so site more pressure needs to be put on the mayor's office to provide the migrants without a court house here at the moment nothing is happening and they're staying at an illegal camp. r.t. sent a letter asking for clarification on the matter from the local authorities but so far we've had no response and we will of course keep you updated when we hear anything. with the refugee influx into europe growing by the day it's not the first case of migrants setting up makeshift camps at public sites one migrant camp that emerged in the belgian capital brussels just a few weeks ago has been branded
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a second cal a jungle to four hundred refugees have gathered there desperate for food and shelter in another case this time in the french capital authorities placed huge boulders under a bridge in a bid to deter a makeshift camp that has emerged there but the move was criticized by local activists who argued the refugees had nowhere else to go and had not slept for days we spoke to political analyst nicola markovitch about the new camp at the french university he believes the decision to lock students out of the site was correct. the president of the university took the right decision this is not a normal situation you cannot just have migrants they don't know who these migrants are what their purpose there is how long they're going to stay there are sanitary issues there are also problems linked with migrants and crime in different cities in europe today and what we're seeing today is totally to the chaotic can you imagine migrants going on campus university because there are no more room in town to greet them and this is not the first time that we see these migrants sleeping out in the streets have been tense sleeping in makeshift places because there's an
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office at least in france cannot cope with this wave of migration today look at today isn't it typical sisters a frantic situation whereby it is given the message to the rest of the world that europe has no borders that europe can greet people from all around the world whether this before you cannot make reasons political reasons and while they're saying this they're inviting thousands and hundreds of thousands of migrants to europe the state and the european union is not taking decisions because of also political correctness. they are the new alternative so many systems in the world and backers say the future of global global finances but the jury's still out on so-called crypto currency it's not been helped by the fact the most famous of than bitcoin has been on a huge roller coaster ride in the past few weeks after reach. a historic high at the beginning of september of almost five thousand dollars for a single bitcoin in the last two weeks it's plunged almost one and a whole thousand dollars in value experts say it comes off to china turned against the digital money on september the fourth china's central bank found bitcoins
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initial coin offering which affectively blocked the ability to invest in the currency then ten days later two of the launches bitcoin exchanges suspended trading in the coming train making it impossible to buy many now expect a full ban on crypto currency trade platforms but what exactly all big coins well his five things you need to know.
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that bitcoin is not being written off just yet for the past two days it's been on the rise again here's our very own economic expert mike skies on what the future holds for the currency. what people don't understand about crypto currencies a big point is that we are saying a change in the global economy it completely changes the definition of money it completely changes how people interact with money it completely obliterates the need for free after and say and it challenges the need for gold as a reserve currency while the price of a coin is adding to one hundred thousand per coin and possibly higher along that path you're going to see a lot of volatility all three out currency are nothing more than ponzi schemes they're long into existence and when the interest is due they print more money it's a classic ponzi scheme big coin is the opposite it's hard money it's real money
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there's limited supply it's desirable it's fungible it's divisible it's portable it's better than gold when china bans bitcoin it's telling the world that they need to get into mining aggressively because big going is the currency of the future they used to be a big players and big going but not anymore because all the all the traffic's moving over to japan and south korea it's becoming a nonevent in the crypto. crypto business because they're too centrally. managed the communism the legacy of communism there is too strong the china won't is not going to make it in the twenty first century because it doesn't understand bitcoin protests and broken out in the u.s. state of georgia after a student was killed by campus police more on story after this break.
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manufacture consent to public wealth. when the ruling classes protect themselves. in the final. we can all middle of the room sick.
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prescribe medication is widespread on the us market and a frequent cause of death at that point in my life. like everything was ashes my family was literally coming unglued i had planned. to commit some sight was all who was made antidepressants so commonly used we were doing what the doctors told us to do we were being responsible and what the real side effects. was. what i did was done on a cocktail of lethal drugs. just because something's legal doesn't mean it's safe. i.
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i. i. welcome back to the program violent protests have erupted at the georgia institute of technology in the u.s. after student was killed by campus police. this is how the incident developed the georgia bureau of investigation said a couple of nights at least around eleven twenty pm the caller said a person was carrying a knife and possibly a gun forty off campus for the ride to find a twenty one year old armed with
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a knife and matching the corners just in mobile phone footage appears to show police yelling at scout shields to put down the night he was carrying shields was wounded after a single shot and died in hospital. kind . of vigil was held by georgia tech students to celebrate shields as life the twenty one year old was a leader of the algae community. very. angry that the cops don't have non-lethal ways to deal with things like they could have taser guns you know the killing was totally unjustified. and i do think just
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a flea needs to explore discussions about the police brutality how police officers are trained to deal with. these types of stories there are a lot of discussions to come out this is what it's about mental health whether it's about r.g.p. to q.a. representation or it's about police brutality meanwhile hundreds of protesters have gathered in st louis to show solidarity with those arrested following violence in the city at the weekend. more than one hundred twenty people were arrested on sunday when a peaceful demonstration turned violent with property damage and police officers assaulted anger in the city's been swelling for four days since the next place officer was acquitted over the death of a black man peaceful demonstrations during the day were followed by riots at night protesters smashed windows and through trash cans at offices there were also reports of police song attacked with unknown chemicals. the us defense secretary james mattis has announced that more than three thousand
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extra troops will be sent to afghanistan in line with president trump's new strategy the deployment will take the us presence to around fourteen thousand troops eleven thousand a currently stationed in afghanistan this fall is a new plan unveiled by the us president in august in that speech he ruled out setting any withdrawal deadline and donald trump asked other nato members to increase their financial and military contributions to the war effort the strategy marked a stark u. turn from his pre-election promises we will also expand authority for american armed forces to target the terrorist and criminal networks afghanistan is a total and complete disaster let's get with it get out of afghanistan the first half of this year was the deadliest period for afghan civilians since the start of the war almost seventeen hundred were killed and three thousand six hundred injured during those six months antiwar activists are flounders believes the new troop
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surge will only make matters worse for afghanistan. absolutely no impact at all the numbers have gone up to one hundred thousand and beyond they've gone down there's been one surge and then a pullback and another surge and none of it makes any difference at all there's no end in sight this is another small surge. with no end in sight no no even possibility of a plan in sight except the massive destruction continued destruction for the people of afghanistan it's really a criminal policy it has been from day one when the us thought they could walk in and say bragged at the time take over the whole country without a casualty and here it is the longest war in u.s. history. by the recently holding joint military drills
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thousands of troops and almost a thousand units of combat hardware are involved closing in into the city. warships from russia's baltic sea to taking part in the launch scale drills maritime maneuvers simulate an attack from enemy helicopters and paratroopers are also involved in the exercises western media and politicians have widely exaggerated the numbers taking pot also claiming the drills are not being performed in a transparent manner international observers invited by the russian side gave that assessment. the soil is likely what was given during the briefing.
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we sold the scenario that was originally prepared also the figures we were presented before we sold to be didn't look like. terrorist groups or more defensive hard to take a. good combination no for a kind of board. roundup of the news this hour don't forget you can find us all over social media on facebook twitter and of course. don't call me i'll be back at the top of the alice so stay with us. all the crimes are being committed today on wall street talked about like lloyd blankfein and goldman sachs to say we're not committing any crimes because even though he's doing the same crimes that sent him to bankers in jail in the one nine hundred eighty s. during the savings along they got government to change the law so that those crimes
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are not he legal anymore so he's right he's not breaking the law anymore because he changed a lot of make what was illegal illegal. greetings and salutation. too often in our world today hawke watchers far too many journalists choose to go along to get along when they are confronted by a story that if reported honestly couldn't most definitely would bring down the wrath of the powers that be upon their career credibility and character thankfully and lucky for us there are still many reporters out there who are not afraid to report the truth despite what the corporate news media's daily doses of paper thin reporting and celebrity gossip gossip would have us believe with tensions once again rising to cold war level levels between the great nuclear powers of the world
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we need honest journalism to break through the wall of silence now more than ever i recently sat down with john pilger a journalist and documentarian who has spent a lifetime breaking through the wall of silence to port the truth as he saw it from his days as a war correspondent vietnam to covering the real intentions behind the united states asian pivot policy in his new documentary becoming war on china john pilger as one man who has spent his career watching the hawks. that i got. this.
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week. watching the entire robot. recently i had the pleasure to sit down with john pilger in new york city to discuss the united states's recent pivot to asia and the state of journalism today and his latest documentary the coming war on china here's a quick preview of his film followed by our interview. the world as being a crime to regard china as a new enemy. the great power game is called put petrol war. first president george washington said if you want peace prepare for war. where are we going to stop this process before it starts a war. be a book this film is to break and silence a nuclear war is no longer unthinkable. the equivalent to what.
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was exploded in these islands every day for twelve years. they're not trying to run the world they want to keep america from dominating we need an enemy for all this money and china is the perfect enemy. peony a country that would come up against us we get better and better and better. john thank you for sitting down i want to start and ask you you know even in your in your long career as a journalist in documentary filmmaker well what was the point you know early on where you realize the the world wasn't as we were sold at the government's didn't act the way we dream them to act the military didn't have the best intentions for their countries or the people of their countries what was there a specific moment or sequin of and it's the kind of open your eyes to that i don't think that was a particularly. when i. left australia as
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a young man and went to england and then b. can a career as a foreign correspondent going to countries where people have to struggle just to live was a shock to me i never imagined the world was like that. i suppose is the second point of suppose a piton if you like was spending. the late sixty's and seventy's and many years off that in this country in the united states i reported. four or five presidential campaigns. but i didn't place myself in new york didn't buy some self and washington travels
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the country and i knew i think i had a glimpse of another america. and i would say that my political education was completed in the united states because i. was. the what whatever happened had the new most ripple effect across the world usually on people who had power in their own lives to influence the fake and that was probably the greatest influence and i've been coming back to the states that since and the few hasn't triage. that ripple effect you speak of for lack of a better term or the correct term he calls that kind of hidden american empire the you know kind of dominating the globe is plays a huge role in this new documentary that you did the coming war with china i want
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to ask you what was the inspiration. to tackle that subject what was the thing that said ok i need to get this documentary to debate this i need to put this together because people need to know about this. well the inspiration i suppose was. was my own experience in the part of the well i covered the vietnam war and the wars in indochina on and off for a nano ten years until the very last day and so asia and america's invasions of asia. had had a great impact on me as a reporter. and some of my i suppose. part of my interest part of my heart was always been in that part of the world when in two thousand and eleven president. travel to australia to announce is a cold pivot to asia although he didn't actually call it that which was really what
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he was say was way going to move most of america's naval and air forces to the pacific to confront the second biggest economic power in the world to sort it out dominance to china already is surrounded by four hundred us bases that extend all the way up from australia through the pacific. through asia. japan korea and across here asia but now america was poised going to say to try and . west still the big guy on the block be careful it was probably the most provocative most aggressive and yet the most under-reported strategic decision made in the modern era. in this
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country i say one of them the other one of course is similar to the situation which wasn't my. but certainly is an invasion and it was an invasion of ukraine when the us overthrew the elected government then your credit and the whole point of that was to confront russia so the strategy was the encircled. the two what they saw as the two great rivals russia and china. and. this i think but really where is. the whole. essence of the us russia so cold conflict was part of the cold war and so was the chinese but china has grown spectacularly in less than
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a generation america's biggest trading partner it is it is now the third biggest power in the country in the on the planet earth so this was an extraordinary story. and a very dangerous move. i have to say something that the present president has yet to equal. and i think it's very astute when you pointed out that it was very underreported for what it was you know and anybody who kind of follows real u.s. history could kind of see the movement in what they were doing but that's one of the big problems i see is that we don't have. a very good education of what the reality of u.s. history is in this country for its own people and i was curious to ask you you know you see that with how you know the main populous kind of views china or the you know the words you used about china or russia is that a uniquely us problem do other countries kind of show. sheild there are real
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motivations throughout history as much as the us does it was just a cool yes they do of course but the us is the multi imperial power and as we were discussing at the beginning what happens matters but the most striking thing always since i first came to the united states is that the us intelligence. almost never takes responsibility. for the consequences of its actions across the world as a kind of intellectual it's the bereft of of an intellectual let alone a moral on the side and they think it's quite a craven situation you see it in in the great old goodness of the intelligence in the new york times and the washington post you see it coming out of the great
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academies in the united states we're about to have. a massive retrospective on p.b.s. public broadcasting about the vietnam war done by the acclaimed. so. the wood of this is that the scrapes. quoted in the new york times the smaller. the. describes. the war in vietnam as being begun by decent people with in good faith there was no good faith there was no that's that's not an opinion there was no good it was a deliberate attack on that country now and i mention that because that's terribly important. vietnam because. of it the maze of defeat to the united states that's never been forgiven that has to be constantly put that's
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not. and the collaborator in this suppression of all the obvious to all the major truth a truth that unless it's on the steward allows for more wars more bombings to go on and all. we're about to have that again. one of the interesting things i noticed and speaking of vietnam and them china in the similarities that we're seeing is you know from what i understand is that i reached out to the u.s. for help before you know the revolution to get out and as you made the point in your documentary that the leader of china was also reaching out to the u.s. to deaf ears against it so much the british the vietnam. sent messages to to roosevelt. the
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declaration of independence one hundred to clay and all for that now most of had become independent and was was based almost word for word on the u.s. declaration of independence and he was it was he was helped by committees patsy who was an american special forces officer who believed that what the united states was doing in vietnam was actually wrong and now the same thing happened as i pointed out my film out said to him. he tried to get in touch with three presidents he tried to get in touch with roosevelt and truman and then eisenhower and when you read what he actually wrote to them it's extraordinary it's. is. the china and the united states had so much in common we cannot develop without the assistance of the other great power
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across the pacific it was the kind of geo political overture but ordinary people peace and it was rejected those who carried these mass messages with them sold these american foreign service selfs those were themselves pilloried before the hearings and so we get to the point in the late fifty's there was no one in the pentagon. and the pentacle and so it may but no one in the department of state who could speak mandarin who could speak who could speak the language of the greatest power in the world the most populous nation on the wall. as we go to break or quarters don't forget to let us know what you think of the topics we've covered on facebook and twitter and see our poll shows at parties dot com coming up john pilger and i continue our discussion on his new documentary becoming war on china and we also talk about the state of journalism today as we
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continue watching the whole. nobody on. the marshall and. islamic states claims it was behind the month just a terror attack by the north so kill the priest every time a terrorist attack happens all these people are out there screaming isis so bad someone needs to do something again. yeah why don't.
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you. go to the local if you. got a good. look at the flu cases. seem
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wrong. to shape our. outlook. and in. the trail. find themselves worlds apart. to look for common ground. well you know the pirates they were kind of adopted because we were called pirates the solong. i mean they're in this small ball and sniff it a hard pull of ships and it's scary.
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the little self to be told fish already ninety percent of the dot and it won't be calmer. concept fifteen's. seventy five tons they do it several times a day with a big fleet now you get an idea on why. we have to understand we can all stay still and just. be with them this will be the only boy you are. doing this because i want them for the future. generations to have and enjoy the ocean how we have. 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 launch you know what it is that really
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packs a punch at least yampa is the john oliver of r t america is doing the same we are apparently better than blue the things that i see people you've never heard of love redacted tonight not the president of the world bank though take your time to let me seriously send us an e-mail.
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do you see this becoming a cold war as intense as it was with you know the u.s. and the soviets or is this going to turn. i'm not a futurist are all i can make those predictions spot want to only has to go to the people who have studied this say the panel headed by general james cartwright some years ago who spoke of a window of decision making and when people. with the responsibility for strategic nuclear weapons have to make a decision and that window has closed it's something between eight and ten minutes so a miscalculation mistake and accident they be they the the the the project of of all of all of all of the kind of provocation
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that we're seeing at the moment they're also they're also. continue in that analogy is that the old spring of propaganda. propaganda and censorship is the real problem hey you know we have now putting aside fox news but we have now the major so-called respectable organs of the made here in this country who've given up real journalism i've been a reporter for quite a while. my work has been acknowledged i've never known a time when basic osp reporting has been so abandoned when the new york times the other day could run. alone so called investigation by someone called scott. who was a apparently a report of
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a about about these russian trolls that subverting the great american bureaucracy to democracy one of these trolls is a sixty six year old. post in the midwest though someone who believes that hillary clinton was a war monger while she was aboard mungo but that apparently qualifies this person as some sort of russian troll the absurdity it's it's worthy of joseph heller of catch twenty two of any kind of satire but unfortunately we're not speaking about satire we're speaking about a campaign of war mongering aimed at what is that a that it's aimed brilliantly at eventually breaking up the russian federation. the enemy is independence all states that are independent they do not follow an
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american ticked at iran used to be. libya used to be iraq syria is how long. russia and china big crime is their independence. and to see the media as such and all be a sixpence. emanating out of washington. and yet and yet so full of its own sense of importance as a bastion of free speech. i think i've never known that kind of censorship in the united states even at the height of the great wars and china mentioned earlier that kind of eight to ten minute. you know window and the fear of nuclear war and you wrote recently an article
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that referenced the classic novel and film on the beach in which the star gregory park is wonderful film i like the very much it tells the story of kind of the world up in a post nuclear exchange and you know i have to ask you as a how how close are we to that beach right now you know from being on that beach. look we are close there's no question about whether that that final gap will close is i don't know as i say i think the the point made in by never shooter in this book and of course in the film was that that it. there was a simply wasn't there there was there was one where they were all sitting around near the end saying half of this still involves russia or china and the united states and and i think held by an a.o.
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or something and no one knew no one was sure war hell would actually stop what triggered it well that's if nuclear war. i think the same will be true i don't believe although there are some truly. disturbing and possibly inciting people. in charge of strategic weapons i don't believe that any of them wants to blow themselves up yeah. i mean north korea no doubt is following a very clear strategy that it's only by having nuclear weapons but we will not be attacked it's the madden it's the mad theory of war that has become the madman their way of for us but there's a lot to that are we poking him to kind of poking north korean commit to justify
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that encircled meant. you know to give it that kind of a we have to worry about north korea and that the meantime so nobody knows that we're kind of moving this military machine to china's doorstep to potentially choke tried off of resources to put them in their place so to speak you know are they you think they're using north korea as that excuse to kind of put these pieces in place . they could well be that's what you just described as rational and is a real a real possibility there's no doubt about them there is it is a strange combination in my experience of a logik a rational but then the rationale ceases and there is a kind of ideological. their logical input to the real draw to move it forward and you get this. certain public officials like
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obama secretary of defense ash ashcroft it was probably the most aggressive of his read now have. been. well you've got the three you can get through to matters and all of them you've got three generals but it it's. there's no doubt that north korea is used to assert america's dominance that the world needs america to protect it from madmen. like the leader of north korea but that's the message to all this japan needs the united states asia needs it of course if you go actually go to asia so it may to china and japan as well. that's the last thing they need the whole island of
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okinawa which has twenty eight u.s. military bases on. where they are almost as i showed in my film almost by the order was given to nuclear missiles at china and russia. they want none of this the people in the region want none of this and what has been demonstrated ninety ninety two ninety ninety four there were agreements between the south and the north and denuclearizing korea there was what was called a framework agreement but even george w. bush. agreed to lay off north korea if the if the north koreans would stop their development nuclear development and they agreed. that clinton actually a clinton to begin with if they went into the george w. bush period and was torn up. so we've had plenty of examples
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of. the united states the region in the world coming to terms with a country whose history explains why it is like it is always want try to finish on a positive note because i think that's important in this world so i ask you you know do you do you see hope in all of this and one of the things that struck me in your documentary was the people standing up to the base in okinawa for that for you know resident example and so i think the there is still hope to kind of roll this back and to keep others from happening but it's a very good example and if you want to know the corrupt version of her that is become a campaign slogan and. promote the but i think there is real hope. in a place like. since the second world war people. almost the
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entire island is united in wanting to be a peace piece with its with its region. the same is true in korea then they had to cross the waters the island of which. has been. demonstrating its its need for pays for many years. i think all around the world there is no question that's almost a given it's not who. it's it's who would want to invite to opec and nuclear war particularly into the region those who stand up to it are really i think the heroes felt time it is making their voices heard so is that so many others of us hey of them and join with them as has been done in the paused in this city in new york in the nine. a million people filled the
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streets of manhattan in the freeze movement. and that was to freeze the stationing of nuclear weapons in europe we now have according to nato documents circulating in. the intermediate range nuclear treaty is about to be torn up that means they'll be able to to base. intermediate range nuclear weapons across europe. great man great interview great show and that is sadly the have had a very remember everyone in the world. so i tell you all i love you i. keep watching those hawks and have a great night. prescribe
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medication is widespread on the us market and a frequent cause of death at that point in my life i just felt like everything was ashes my family was literally coming unglued i had actually planned. to commit suicide watch all who has made antidepressants so commonly used we were doing what the doctors told us to do we were being responsible and what the real side effects . was. what i did was.
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legal. just because something's legal doesn't mean it's safe. there which will admit it but it can all get a little bit with the law as well plus i'm a lawyer but i. know both of you want to put up but i guess sort of kind of i was silent except for the a dumb thought and just more serious of a little mystery. where
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the blue he won't get a good area to hunt for immigrants it's hit and miss we never really know for sure but this has been a active area. becky so i can. tell ya you. know what when i started knowing. about your sudden passing i've only just learned you were a south and taken your last turn. up to us we all knew it would i tell you i'm sorry. so i write these last words in hopes to put to rest these things that i never got off my chest. i remember when we first met my life turned on each prat. then my feeling started to change you talked about more like it was
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icky still some are fond of you those that didn't like to question our arc and i secretly promised to never be like it's one does not leave a funeral in the same as one enters in mind it's consumed with this one different speech because there are no other takers. to claim that mainstream media has met its make. all the crimes are being committed today on wall street talked about like lloyd blankfein and goldman sachs of say we're not committing any crimes because even though he's doing the same crimes that sent them to these bankers to jail in the one nine hundred eighty s. during the savings along crisis they got government to change the law so that those crimes are not he legal anymore so he's right he's not breaking the law anymore because he changed the law to make what was illegal illegal.
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what politicians do. they put themselves on the line to get accepted or rejected. so when you want to be president. want to. have to go right to proceed with what before three of them or can't be good. i'm interested always in the waters and not out. there should. prescribe medication is widespread on the u.s. market and a frequent cause of death at the point in my life i just felt like everything was ashes my family was literally coming unglued i had actually planned. to commit suicide watch all who has made antidepressants so commonly used we were doing what the doctors told us to do we were being responsible and what the real.
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what i did was. to move legal truck. speaks to the united nations for the first time claiming the body needs reform. in recent years the united nations has not reached its full potential because of bureaucracy and mismanaged. syrian government forces crossed the euphrates river securing their advance or and moving closer to u.s. forces plus. three people arrested during violent protests in atlanta georgia. and.
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you want. to deal with me in a day or two to welcome to the program. the following is a coastal flood warning from the national weather service for the following county eastern monmouth new jersey the national weather service in mount holly has issued a coastal flood warning is in effect until one am wednesday location coastal areas of new jersey and delaware coastal flooding minor flooding is expected with this
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morning's high tide and moderate flooding is anticipated with this evening's high tide timing high tide on the new jersey and delaware oceanfront occurs between seven fifteen am and eight fifteen am this morning and between seven thirty pm and eight thirty pm this evening high tide on the back bays occurs later than the high tide on the ocean front surge around two feet above the astronomical tide waves wave heights on the ocean waters off the coast are forecast to build around fifteen . breaking waves along the coast are expected to reach eight feet impacts widespread roadway flooding is expected and minor property damage is possible especially around this evening's high tide significant beach erosion anticipated rip currents there is a high risk for the development of dangerous life threatening rip currents high surf advisory means that high surf will affect beaches in the advisory area producing beach erosion and dangerous swimming conditions a coastal flood warning means that flooding is occurring or imminent coastal
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residents in the warning area should be alert for rising water and take appropriate action to protect life and property do not drive your vehicle through flood waters the water may be deeper than you think it is you will be putting yourself in danger and your vehicle may be damaged leading to costly repairs for a list of the impact of different types in your county please visit w w w weather dot gov slash slash times. communities being held hostage by china and russia just vetoed a united nations security council resolution. following is a coastal flood warning from the national weather service for the following county
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can delaware in the following counties in new jersey cumberland southeastern burlington and western monmouth the national weather service in mount holly has issued a coastal flood warning it is in effect until one am wednesday location coastal areas of new jersey and delaware and areas along delaware bay coastal flooding minor flooding is expected with this morning's high tide and moderate flooding is anticipated with this evening's high tide timing high tide on the new jersey and delaware oceanfront occurs between seven fifteen am and eight fifteen am this morning in between seven thirty pm and eight thirty pm this evening high tide on the back bays along delaware bay and along raritan bay occurs later than the high tide on the ocean front surge around two feet above the astronomical tide waves wave heights on the ocean waters off the coast are around fifteen feet breaking waves along the coast are expected to reach eight to ten feet impacts widespread
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roadway flooding is expected and minor property damage is possible especially around this evening's high tide significant beach erosion is anticipated a coastal flood warning means that flooding is occurring or imminent coastal residents in the warning area should be alert for rising water and take appropriate action to protect life and property do not drive your vehicle through flood waters the water may be deeper than you think it is you will be putting yourself in danger and your vehicle may be damaged getting too costly repairs for a list of the impact of different types in your county please visit w w w dot gov slash slash time. to fight against isis exclusively to his apparently be. villages on the west on the eastern side of the river. carries the counterattacks and resisted fiercely said suicide bombers as well as vehicles packed with
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explosives in an effort to destroy the syrian forces isis is also according to reports suffered significant casualties a number of jihad has. been captured but they aren't letting up the pressure that determined to throw the syrian military back across the euphrates river something that will be much harder to do now that the russians have said they've set up a bridge a temporary military bridge across the euphrates river by which the syrian military could move heavy units such as tanks and armored personnel carriers across the eastern side in the coming days will be however because the syrian military is now kilometers away from. forces so it will be important to watch for any sort of escalation to avoid any unnecessary incidents. and these are
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exclusive pictures from the recently liberated syrian town of. by the minute as they fled the area and network of tunnels also discovered the sites. thousands of french students have found themselves locked out of their own college campus. shift refugee camp appeared on site forty migrants have unlawfully settled. in france for security reasons all that have been suspended until further notice the president of the university says they won't restart until the authorities. we spoke to him as as well. yesterday we witnessed an illegal occupation of the university's grounds due to the situation i can no longer guarantee security there are some children living here and it's impossible for the
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departments to function normally so i've shut down the university and i'm waiting for solutions to be offered so it's a shame to sacrifice the interests of six thousand students for the sake of forty people i understand that we're talking about people who are on the streets but still the situation seems unfair to me. at the moment who are being sacrificed by so sightsee more pressure needs to be put on the mayor's office to provide the migrants without a court house and the moment nothing is happening and they're staying at an illegal camp. r.t. sent a letter asking for clarification on the matter from local authorities but so far we've had no response and we will update you when we hear anything. with the refugee influx into europe growing by the day it's not the first case of migrants setting up makeshift camps at public sites one migrant camp that emerged in the belgian capital brussels just a few weeks ago has been branded
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a second jungle up to four hundred refugees have gathered there desperate for food and shelter in another case this time in the french capital authorities place huge boulders under a bridge in a bid to deter a makeshift camp that about that but the move was criticized by local activists who argued the refugees had nowhere else to go and had not slept for days we spoke to political analyst nick columb markovitch about the new camp at the french university he believes the decision to lock students out of the site was correct the president of the university took the right decision this is not a normal situation you cannot just have migrants they don't know who these migrants are what their purpose there is how long they're going to stay there are sanitary issues there are also problems linked with migrants and crime in different cities in europe today and what we're seeing today is totally to the chaotic can you imagine migrants going on a campus university because there are no more room in town to greet them and this is not the first time that we see these migrants sleeping out in the streets have
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been tense sleeping in makeshift places because there's an office at least in france cannot cope with this wave of migration today look at today isn't it typical sisters a frantic situation whereby it is given the message to the rest of the world that europe has no borders that europe can greet people from all around the world whether this before you cannot make reasons political reasons and whether saying this they're inviting thousands and hundreds of thousands migrants to europe the state and the european union is not taking decision because of also political correctness. violent protests have erupted at the georgia institute of technology in the u.s. after a student was killed by campus police. three arrests were made during that whole class according to georgia tech officials the demonstrators marched on campus and set fire to a police vehicle offices suffered minor injuries. following an accomplice was
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fun. with an on off the piece of meat refusing to talk as well and he was shocked this is how the incident. was. a vigil was held by georgia tech students to celebrate shields's life the twenty one year old was in the. community. angry that the cops don't have ways to deal with things like they could have taser guns you know the killing was totally unjustified. but i do think just a fling needs to explore scotians about at least we told you how police officers
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are trained to. use touch so there are a lot of discussions to come out of this whether it's about mental health whether it's about how to beat you a representation or it's about police brutality meanwhile hundreds of protesters have gathered in st louis to show solidarity with those arrested following violence in the city at the weekend more than one hundred twenty people were arrested on sunday when a peaceful demonstration turned violent with property damage and police officers assaulted anger in the city's been smiling for four days since the next police officer was acquitted over the death of a black man peaceful demonstrations during the day will follow by riots at night protesters smash windows and through trash cans office and. there were also reports of police being attacked with unknown chemicals. russia and the bella reese a cowardly holding joint military drills thousands of troops and almost
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a thousand units of combat hardware involved causing a stir internationally. warships from russia's baltic fleet are taking part in the large scale drills maritime in the new visit simulates an attack from enemy aircraft helicopters and paratroopers are also involved in the exercises western media and politicians have widely exaggerated the numbers taking part also claiming the drills are not being performed in a transparent manner international observers invited by the russian side gave their assessment the saw exactly what was given during the briefing
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we saw the scenario that was originally prepared also the figures we were presented before we sought to be didn't look like a and there are groups more defensive and hard to take a. good combination of all kind of court. will be back in a couple of minutes just after the short break.
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here's what people have been saying about reject. the law. the only show i go out of my way to launch it was the really packed a punch oh yeah there's the john oliver of mark two your marriage is going to say that we are apparently better than that i see people you've never heard of love jack to the next president of the world. very quickly seriously send us an e-mail. i. come back to the program the u.s. defense secretary james mattis has not spent more than three thousand extra troops will be sent to afghanistan in line with president trump's new strategy the
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deployment will take the u.s. presence to around fourteen thousand troops eleven thousand a currently stationed in afghanistan this follows a new plan unveiled by the u.s. president in august in that speech he ruled out setting any withdrawal deadline and donald trump also other nato members to increase their financial and military contributions to the war effort the strategy mauled a stalled u. turn from his pre-election. promises we will also expand authority for american armed forces to target the terrorist and criminal networks afghanistan is a total and complete disaster let's get with it get out of afghanistan. the first half of this year was the deadliest period for afghan civilians since the start of the war almost seventeen hundred were killed and three thousand six hundred injured during those six months and the country has seen widespread protests against the ongoing u.s. presence and deadly air strikes was it
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was the aim of the us has been born in our people and they're killing our women and children everywhere in afghanistan they didn't come to help us they came to make problems for muslims in afghanistan and around the world who don't want the us to be even against it was antiwar activists are flanders please they need troop surge will only make matters worse for afghanistan . absolutely no impact at all the numbers have gone up to one hundred thousand and beyond they've gone down there's been one surge and then a pullback and another surge and none of it makes any difference at all there's no end in sight this is another small surge. with no end in sight no no even possibility of
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a plan in sight except the massive destruction continued destruction for the people of afghanistan it's really a criminal policy it has been from day one when the us thought they could walk in and say bribed at the time take over the whole country without a casualty and here it is the longest war in u.s. history. they are the new alternatives to money systems in the world and backers say the future of global finances but that you resisted alliance on so-called crypto currency is is not being helped by the fact that the most famous of them bitcoin has been on a huge roller coaster ride during the first weeks of september after reaching a historic high at the beginning of september of almost five thousand dollars for a single bit coin in the last two weeks it's plunged almost one in the hall thousand dollars in value experts say it comes off to china turned against the digital money on september the fourth china's central bank bitcoins initial coin
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offering which effectively blocked the ability to invest in the currency then ten days later two of the largest bitcoin exchanges suspended trading in the country making it impossible to buy many now expect a full ban on all crypto currency trade platforms but what exactly coins well has five things you need to know.
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but that coin is not being written off just yet for the past two days it's been on the rise again his own very own economic expert max kaiser on what the future holds for the currency. what people don't understand about crypto currency is a big point is that we are saying a change in the global economy it completely changes the definition of money it completely changes how people interact with body it completely obliterates the data for free out currency and it challenges the need for gold as a reserve currency while the price of a coin is sending two hundred thousand per coin and possibly higher so along that path you're going to see a lot of volatility all throughout currency are nothing more than ponzi schemes they are long into existence and when the interest is due they print more money it's a classic ponzi scheme big coin is the opposite it's hard money it's real money there's limited supply it's desirable it's fungible it's divisible it's portable it's
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better than gold. the politicize ation of us society appears to be hitting new heights with nothing no one off limits anymore the latest victim is the emmy award supposedly an event to on the excellence in television however this year's show which was held on sunday was used to mercifully mercilessly mock the trump administration host stephen cohen the seventy joined on stage by the president's former press secretary sean spicer spicer was asked to estimate the size of you know what you should take at his ride with reproaches of the size of trump's inauguration crowd. comes advisor to the situation warning such televised events have become quote very politicized i think it's not helping their ratings but when it comes to politics in u.s. life at the moment seemingly no escape. tired of politics. in the past and i think the president taking
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a few. well it seems there's no where to hide looking for today's weather forecast it's showering and messages on the weather channel home page buying a new comic surprise surprise superman the so-called protection of the earth is now a defender of immigrants that's how he's portrayed in the latest edition of action comics the bad guy here unarmed white supremacist in his stars and stripes seems like a deja vu but there's one side going to white supremacy white nationalist protesters yes you stand up there and started to show that you were way sis surely trusty old spode can save us but you don't have to be anti police to understand what the situation is why not give the black lives matter a movement a legal arm when the president of the united states is lying or either doesn't understand the information and i don't know which is worse. is politics literally everywhere. maybe the shoulder of the big screen in the family comedy is the way
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forward. you want the red or the blue pill. it's just my boy. he loves all things hell it wants to be one. or no not this time well children's t.v. it is that. ok. it feels amazing. media analyst lionel believes news outlets claim politics isn't in their interests. you could be watching e.s.p.n. and hearing commentary on transgender bathrooms you could watch the cartoon channel and you know something about climate change now they will tell you otherwise they will tell you that they have never enjoyed greater numbers greater ratings nonsense if you look at the recent every awards the emmy awards
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worst one of the worst ratings disasters ever why because even any television own wards program they way political in the united states middle america mainstream they have no conception of what this is done by. any time you can work anti trump into first at any of the end hang the show from the dog channel to the weather channel that are jugend you get a pass extra points for you. and that's a roundup of the news this hour don't forget you can find us all over social media on facebook twitter and of course our web site that's all don't call me i'll be back at the top of the alice so stay with us.
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nobody i don't know martial. islamic state claims it was behind the manchester terror attack by the militants front so kill the priest every time a terrorist attack happens all these people are out there screaming i says so bad someone needs to do something against them and for me it was like yeah why don't we do something. that. gives. people a number. that if. you challenge them. check if these chinese tough. guy has got a good. looking amazing let me show them.
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if you can only get a little bit. more than you but i you. know both of you want to but i guess sort of kind of a. sign of this yes or no but if you don't pull out and she refused. where the who he will get a good area for immigrants it's hit and miss we've never really know for sure but this has been a active area. so
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i. know what i know so i had no idea. that. well you know that they were kind of adopted because we were called pirates for so long. there in the small boat sniffs it hard poor ships and it's scary. to little self to be told fish already ninety percent of the dot and it won't be common or. concept fifteen's. terms they do it several times a day with a big fleet so no you get an idea why. we have to
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understand we can still use to just. be within this. deal boy. i'm doing this because i want them for the future. generations to have and enjoy the ocean we have. prescribe medication is widespread on the us market and a frequent cause of death at that point in my life. like everything was. my family was literally coming unglued i had actually planned. to commit some sight was all who has made antidepressants so commonly used we were doing what the doctors told us to do we were being responsible and what the real side effects.
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was. what i did was done on a cocktail of legal drugs. just because something's legal doesn't mean it's saying. skies are welcome to the kaiser report oh yeah i'm like part of that baby boom generation do you remember on television. advertisement for a famous credit card company with karl malden and he'd say you are about to witness a crime you know and then they say that's all that pocket thing on fault. well today you are about to witness a crime once again oh yeah stacey yes you know this is quite important because in the second half you interview jim rickards and it's an amazing interview and he you
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guys talk about china and china basically destroying the petro dollar so at this sort of moment in time i think it's quite important that the u.s. starts to take care of itself and figure out how to stop destroying itself how to stop committing economic monetary and financial suicide and yet the rampage that private equity the entire economy from the corporate sector to the private sector to the public sector is all hollowing out everything and it goes down to as you talked about being a little child a little child now what destroying all the hopes and dreams and fun of little richard system is in the second half rickard solution alone people he tells a story about the cia gift shop the less about eight minutes you can get through that entire no i think find it very interesting because he got me an amazing gift from there are not allowed to tell you what it is whole story i was in some place in langley by kids who was there a lot of people were there what we did what we talked about but trust me it was
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interesting it has a helicopter and like well that's the worst story i've ever heard i liked it because he got me if there are to say what it is play here you know this is like ok the story is this has no promise no details and no punchline oh that must be the cia wow that's hilarious so here speaking of gift shop brick and mortar milltown toys r us hires bankruptcy law firm as the headline says toys r us is about to seek bankruptcy now as in so many cases the brick and mortar retail meltdown there is a private equity angle to it firms kohlberg kravis roberts k k r ver nado realty trust and bain capital partners acquired the publicly traded shares of toys r us and a leveraged buyout during the. l.b.o. in two thousand and five in a deal valued at six point six billion dollars they funded the acquisition in large part by loading up the company with debt hence leveraged buyouts and then i'll go
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over the details in a second but they stripped the cash from the company they loaded it up with so much debt they've done a runner they've bought lots of real estate probably all the stuff behind us in new york city and they're happy but the little children of america have no choice to buy. right the levers buyout of course really came of age or the one nine hundred eighty s. with michael milken a truck silver alum there and the spread she was available on everyone's desktop the new computer revolution and you could go down to mike milken's desk and he'd say i want to take over let's say r.c.a. was bought by general electric or with general electric buck r.c.a. and or you know michael milken you had all the corporators ron perlman you know carl icahn and they they borrow money against the assets of the company that they're going to acquire that's the collateral for
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a loan they say this company is worth ten billion i want to give me ten billion going to buy the company and i'm going to take that ten billion and i will start selling stuff off to pay back the loan right that's a leveraged buyout so they've been active ever since the what what the deal is that basically the private equity firm in the case of toys r us they acquired the company with a loan and then they pay themselves a multi-billion dollar dividend. essentially extract. cash and the bird in the come i'm going to go over the debt i'm going to go over the details but i just realized well you're saying that. they also did this to the federal reserve bank basically there's been a leveraged buyout of america via the federal reserve they've loaded it up with debt they stripped the assets and if you want to why the economy still sucks it's because you're in a shell called the former country called america which has been run itself remember
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philip green arcadia not shop in the u.k. you know his wife they did it through his wife's account in monaco you know a billion pound debt extracts and he paid himself a lot of government debt now they're in no retailing trouble to pension accounts of gone bankrupt because he borrowed read steal that cash and so here is what the three firms did to toys r us they stripped out cash and loaded the company up with debt and these are the results at the end of its fiscal year two thousand and four the last full year before the buyout toys r us had two point two billion dollars in cash cash equivalents and short term investments by q one twenty seventeen this had collapsed just three hundred and one million dollars over the same period long term debt has surged one hundred twenty six percent from two point three billion to five point two billion so somebody has to do a stop to this eventually like in the second half you talk with your rigorous about china and china has done this basically they were being stripped asset strips by
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all these oligarchs taking all this billions and billions trillions of dollars again a lot of it sunk into new york real estate but they've said they keep on shutting it down every angle they they try to get more money out. even through big court exchanges they're shutting those exchanges down the conversion of yuan into the big coin because they don't want it to be siphoned out of the country like the human body the organs on the resale market are worth probably two thousand dollars so if i go to the bank and i say lend me two thousand dollars and i'm going to go murder somebody in the street and sell their organs to pay back your loan the bank would say ok great there's two things. thousand dollars go murder people ok when you remove the organs and sell them that person dies and when you do these leveraged buyouts for the private equity firms you blow out the jobs you ruin the competitiveness of the economy you stick a dagger into the heart of the u.s.
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economy and you're laughing while you're doing it and you're being funded by money and zero percent interest rate from the federal reserve unlimited quantities of money they say there's no inflation of course is don't fly because they want to keep interest rates near zero to give private equity firms like k.k. are that was around during the one nine hundred eighty s. and re kravis is a financial terrorist set of many time i care i know i know you say that all the time but here i mean they can they pick if they are required to fan initials are they are repeat offenders so let's say bain capital who is involved in this destruction of toys r us also help mitt romney yes and he also destroyed bain capital also was behind the destruction of timber re which was one thousand two hundred eighty one stores which filed for bankruptcy in june although it's now are on opiates yet or in the heart shooting up smack because of mitt romney's bain and company creating thousands of dead drug addicts certainly there will be no shops.
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to which chinese manufacturers can ship all these toys for america's children this christmas but also these guys these three p. e. firms that own this turkey called toys r us did try to dump it on to the stupid chump of american investors the i.p.o. through the i.p.o. market also extracting enough cash from toys r us and loading up with debilitating pile of debt the three p. e. firms try to unload it to the unsuspecting public in an i.p.o. in two thousand and ten they were hoping for an additional payday the icing on the cake so to speak but they had to scuttle their efforts due to challenging market conditions and yet by the way they're they're going bankrupt bain capital's other gymboree another child toy store so order is retail outlet has gone bankrupt despite the fact that industry sales have been robust growing at five percent in two thousand and sixteen and a compound annual rate of five percent since two thousand and thirteen so they've
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managed to go bust on their this is these are the captains of industry these are the people that hang out with hillary and trump and elect our presidents and this is the model that they have for us and i think at this sort of point when the petro dollar is ending as you'll find out in a few minutes you know i think we need to start actually building wealth not having it stolen from us over and over and over and over and over and over again well the interest rates are going negative which is another way to steal wealth and these guys when they get power and they get money they go to washington and they change the laws like all the crimes are being committed today on wall street or talked about like lloyd blankfein of goldman sachs will say we're not committing any crimes even though he's doing the same crimes that sent them to these bankers to jail in the one nine hundred eighty s. during the savings along crisis they got government to change the laws so that those crimes are not illegal anymore so he's right he's not breaking the law anymore because he changed the law to make what was illegal or legal but the fact.
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is that he's undermining the economy along with all the other private equity firms and washington bureaucrats in the federal reserve bank in the treasury department and their minions in the global banking system to extract wealth and the social cohesion risk as the economist magazine would put it is rising when people are on the streets rioting shooting at each other stabbing each other and that's the global insurrection against banker occupation right there buddy i don't think that's going to happen because while last headlines are more violence there was in the sixty's a lot more you used to live here in new york city like for others you were the only real leftwing group in america because you only live here in new york city what was the murder rate in the one nine hundred eighty three thousand the year over three thousand is three hundred now so it's not there it's not there because this final headline where have all the workers gone opioids the u.s. labor force participation princeton university economist alan krueger presented his
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latest paper where have all the workers gone an inquiry into the decline of the u.s. labor force participation rate brookings institute in washington last week this is the result of these recent invest private equity extraction vulture funds destroying the u.s. economy labor force participation rate as you see through the sixty's and seventy's boom times for participation people were participating in the market that's a lot of women also going into the market and now it's turned over that with the time to look correlation doesn't necessarily equal causation but there's a direct link he says alan krueger study shows between opioid addiction and unemployment and absence of participation in the market so he doesn't know which comes first but they definitely are linked and suggest as are solution that perhaps there should be more jobs and therefore opioid addiction will probably go down because they are linked together however if we have private equity extracting
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interest. weighing all these companies how are we going to ever have jobs if they just destroy everything so this is a new philips curve so satisfying the phillips curve time employment to inflation your entire opiate addiction to to to employment just to stay speaker while we just create a new curve it's called the stacy curve are you just could be repeating the i.d.c. askers stacy was right or as they say has curves the stacy has yet to earth what is this the stacy curve so krueger's have i'm finding is that an increase in opioid prescriptions from one thousand nine hundred to two thousand and fifteen possibly accounts for about twenty percent of the observed decline and men's labor force participation so that's a huge impact yeah well. bobby seale and the black panthers i mean that's civil rights increase jobs for women and blacks and then they put them in jail and they and they cut out women's rights and reproductive rights and it's all messed up well we got to go to a break but we're back don't go away. in
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case you're new to the game this is how it works my economy is built around core. perforations washington washington media the media. voters elected to run this country business equals. must it's not business as usual it's business like it's never been done before. here's what people have been saying about redacted and i just pull. the only show i go out of my way to believe what is really packed
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a punch. is the john oliver of r t america is doing the same we are apparently better than. see people you've never heard of redacted the night president of the world bank take. you seriously send us an e-mail. welcome back to the kaiser report i'm max kaiser time now to turn to economist author lawyer spoke jam records author of currency wars the road to ruin the new case for gold welcome back jim thanks max great to be with you this is true are you a spoke well depends on your definition but. you know work for a long time for the u.s. intelligence community the cia director national intelligence got one of my. outs on today this is probably the viewer can read it says the united states director of
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the director of national intelligence you know i once. i once recruited a friend i'm not going to mention the name but a very very prominent. hedge fund operator new york stock exchange specialist one of the saddest guys ever to set foot on wall street to come with me to langley headquarters to do where's a red team exercise we were working on involving a terrorist finance and really good guy he asked me if he could lend us helicopter then i said no i said even the president the united states does not get to flies or copter langley you have to go by car so we can go to a nearby airport and we got a man who was sitting in. a conference room and because most of the rooms have no windows for security reasons they're there but they call them vaults and i said i turned and i said you know we take a break i'll take you down the gift shop you can get some souvenirs he goes there's
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no gift shop here this is cia headquarters this is langley there's no gift shop i said yeah that's a good shop as i can i mean i can't mention the number of employees there i said this like you know in some ways it's like any other office you've got not everybody's the director essential tells us you got this it was like a starbucks in there you know there's people like to buy at ceasars you know this because there's no good he kept saying it was no good i said there was well of course it was a gift shop we would then and this particular individual hits seven children and he left with seven shopping bags you know a t. shirts hats so a lot of memorabilia so i got a bunch of stuff like that but but you can't buy the anywhere else and very very rarely sold online so it is kind of cool souvenir yeah ok great anecdotal story you know i read this headline and i merely thought of how to get on. the forecasts your forecast is coming through ok so here's and i'd china as apparently created
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a yuan priced oil contract that mediately convertible into golf so what's the product one. launched tell us about the defense of that the family was read your books including currency wars on the road to rio and it's that or are they they now this is right in your wheel house this is jim records land tell us about it personal max thank you for mention those books and parents who were as touched on this and the road to ruin my most recent book touched on it but the one title he left out which actually goes right to this issue is called the death of money that was my two thousand and fourteen book but they're all they all cover the different facets of the international monetary system and. what we are i get into a lot of controversy i describe this i describe the steps i describe how it's unfolding and people you know seem to have very short attention spans and they seem to think these things happen overnight and you know see if say something in a day goes by and it doesn't happen so you know you're an idiot because it doesn't happen said no listen to me this is going to unfold in stages it's coming get ready
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now what are you waiting for i actually got a tweet the other day you know very nice person said hey jim can you tell me how i can store my gold in a safe deposit box so i can convert to cash in three hours. i don't give individual investment you know it's i deserve these things but i don't ask them directly but just from a general term i wouldn't put my gold in said deposit box because you know the time you want your gold the most is when the banks are going to be close so there's a conditional correlation there put your goal in the place not going to be able to get it when you want it but leaving that aside the mentality is you know hey jim call me the day before and i'll get ready and i keep saying no i'm not going to know the day before this is going to cascade out of control you need to get ready now but specifically to your point max what's happening is this announcement was a big deal announcement i agree with you will explain it for the viewers but it's really a matter of china cobbling together two or three different things so some years ago
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they launched the shanghai gold exchange and this is a wholesale physical cash for gold exchange you can sell them gold you can. by gold it's it's you know very by our standards actually fairly fairly fairly liberal i've been to china recently i met with the largest gold dealers in china i see b.c. some of the other banks over there you know to talk about this then they launched a gold futures contract. we will know to go futures contract is its paper gold but you can buy or sell forward and then of course china is the biggest importer of oil in the world and they buy a lot of their oil from saudi arabia and from russia russia is the largest exporter of oil in the world and of course their currency is they want so see have all these different pieces of gold futures physical gold you won russian export and so it's all they did in this announcer they combined all this is ok here's the deal you sell us oil. and instead of paying you dollars and that goes back to the petro
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dollar deal of one nine hundred seventy four and we'll we'll talk about that in mental images finish this explanation but you sell us oil will pay you one but hey russia iran and iran's other big oil export are you guys say what are you going to with the you want so we'll tell you what you can compare your you won spot to gold on the shanghai gold exchange so it's as if you sold us the oil for gold and obeidi the way if you don't like the exchange risk you can go to the go futures market and hedge that risk so now by combining all these different elements in effect we've got a you won benchmark price for oil that's a big deal that's the end of the petrodollar deal i was actually my first official visit to the white house was in one nine hundred seventy four and i met with helen sonnenfeld who was henry kissinger's deputy and at that time what we did we were discussing what to do about the original oil crisis which goes back to ninety seven when remember nixon took the dollar off the gold standard one nine hundred seventy one and that's that's very well known but the gold standard didn't and overnight it
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was kind of two or three years of stumbling and bumbling are we going to have gold be going to devalue the dollar go back to gold the new level you know france want to gold the u.s. says was a whole fuzzy period between one thousand seven hundred seventy three but the one nine hundred seventy three the arabs were fed up because inflation it kicked in they said hey we're not going to take we're not going to sell you or oil for dollars anymore because we're not confident that by the dollar in the iris or by gold and we kissinger secretary of the treasury at the time when simon is chief deputy joe parsky kissinger step in the helm and some of the others and again sonnenfeld is a guy i met with in the white house where what would we do about this one of the plans when i was discussing with kissinger's deputy was invading saudi arabia sousing security perimeter taking over the oil fields and basically not stealing the money but just selling at a price we like for dollars and then holding. money in trust for the for the saudis
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you can get your money going on social security for the whole country. i think the smart that that was not the plan that the us pursued the plan they did pursue is a petrodollar geo where we said to the arabs say look you guys sell us it will for dollars and we'll take the dollars and put it in the bank and in effect guarantee a stable dollar and then we'll take the dollars and lend it to people who can buy more oil from you so i went around the circle that was the original petro dollar deal with some ups and downs with a spike in gold one nine hundred eighty and some inflation in the united states from seventy seven in one nine hundred eighty eighty one to said there were problems along the way but that petro dollar deal howells until last week and now we have the you won. the petro you want deal if you want to call it that oil is going to be priced in chinese yuan but the yuan is not particularly desirable currency in china saying no problem with back it up with go well that's reflection of the fact that china spent the last ten years quadruple in the gold reserves you
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couldn't do that you couldn't stand up to the market and say bring in your you want we'll give you gold unless you have some gold and china's reserves have gone from about six hundred tons in two thousand and six to officially one thousand eight hundred tonnes but that's a bogus figure this every reasonably that china has closer to five thousand tonnes perhaps more that's a little bit of detective work i do some of it others have worked on this problem but we know chinese mining output of four and fifty tonnes a year we know chinese imports to honk on we know swiss exports to china we have enough data and we know they operate through military channels by the way my contacts in the gold dealing community china confirmed that for me when i was there in shanghai not long ago i said commutes the army to move the gold around and he said we're not allowed to carry guns and so you're right there's you know in the states if you if you try to rob a brinks for armored car they have guns but in china no one is allowed to have guns except the military so that's why the military is involved and we put it all
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together china probably has more than five thousand tonnes maybe a lot more and so they're now standing up to the mark and there are some in the role that the united states abandoned in one nine hundred seventy one the problem is we still don't have a fixed price china is still not there saying if you give us you won you can get gold yes they're saying that but it's not at a fixed rate the price of the you want still floats the price of gold so flows to nominate dollars euro as you want or any other currency so a simple sketchy and there solution is wells sell the sell the go forward on the shanghai futures exchange if you want to lock in let's say a dollar price or a euro price or any other price so it's still not. a completely rock solid gold standard but is getting really close we're getting closer and closer to the point where the dollar is like the mexican peso it will be it will be a local currency if you come into new york you'll need some dollars for you know taxi money but it won't be the the leading benchmark global reserve currency and
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there i would look for not the yuan so much but the i.m.f.'s you are the special drawing right so jim you know when countries try to sell oil on something other than the us dollar the cia or body stent assassinate him yet saddam hussein taken out by the cia had moammar gadhafi taken out by the cia because they try to sell oil energy in something other than the u.s. dollar are they going to incur the wrath of the cia and by the way i just checked online to the cia gift shop and they do have copies of john perkins confessions of an economic set man for sale which i thought was kind of ironic but jim. is this going to a buy in langley i thought that they were this is the cardinal sin of global finance never sell oil anything but dollars jim. well i have no comment on any of that max and you know the session nation is illegal under u.s. law and i have no comment on what any particular agency is going to do but i would
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i would observe the following by the way i was a little annoyed that the cia get shot didn't have my book i was in the process of talking to them about that but they do a very nice bookstore there i was able to pick up a copy of george tenet's biography and actually have it autographed by a former cia director at tennis that's another. book i keep in my library my my autograph books collection so look let's see how it plays out you have politically i would say the cases you mentioned are interesting in the following sense i look at the. not so much as it relates to golden dollars as it relates to the north korean nuclear program because people say you know what's wrong with kim jong un is he crazy he's developing. nuclear weapons used to be helping intercontinental ballistic missiles he's mastered the the uranium and plutonium enrichment process he's meshal technology is getting close to the point where he can miniaturize the
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bomb put it on a warhead on a missile and take out not just seattle or los angeles but you cagr new york. let's follow up on that in another segment if you can hang on there we'll do another segment and get into the north korea thanks for being on the kaiser report you're welcome all right well that's going to do it for this edition of the kaiser report with me max kaiser and stacey i would like to thank our guest jam records famous author and all around nice guy if you want to reach us on twitter it's kaiser report and it's all next time by all. the bottom yes omar suleiman. is not. states claims it was behind the month just a terror attack by the militants front so kill the priest every time a terrorist attack happens all these people are out there screaming to go ice is so
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bad someone needs to do something against them. why don't we do something and. give them. all those numbers. that if you. let them. check if the zener chinese hafiz room. is going to. have to kill innocent let me show. well you know they were kind of adopted because we were called pirates along. their old sniffed at harper one sheep and it's.
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the little self did big fish already. got. the collar. fifteen's. terms to do it several times a day with a big fleet so now you get an idea on why. we have to understand we could not stay used to just. be with this. boy you are. doing this because i want them for the future. generations to have enjoyed. the ocean we have. prescribed medication is widespread on the us market and
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a frequent cause of death at that point in my life. like everything was ashes my family was literally coming unglued i had actually planned. to commit suicide what or who has made antidepressants so commonly used we were doing what the doctors told us to do we were being responsible and what the real side effects. was chemically altered when i did was done on a cocktail of legal drugs. just because something's legal doesn't mean it's safe.
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dolph wrong speaks of the united nations for the first time claiming the international body needs reform. in recent years the united nations has not reached its full potential because of bureaucracy and mismanaged. syrian government forces crossed the euphrates river securing their advance and areas or in moving closer to u.s. forces plus. three people arrested during violent protests in atlanta georgia off the cuff.

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