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tv   Cross Talk  RT  February 6, 2018 8:30pm-9:01pm EST

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what we're looking at now is the state department and some of the irregularities there well some of the most vocal critics of the might have been the washington post and the new york times the journalism is currently the subject of a new film called explains the journalistic values and change over time. the washington post and the new york times once established themselves as shining beacons of true journalism a brave group of reporters who would stop at nothing to find out as much as they can in their quest for truth but i'm actually talking about the seventy's back then new york times and poster as risk jail time by publishing classified documents on the war the new york times begins its explosive series based on the pentagon papers publication of a covert version of the war recount due to much of the optimistic talk that permeated officials to. now daniel ellsberg leaks the documents to the washington post you want to learn more go to the movies and check out the oscar nominated film
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the post seems like the perfect robot alter trump attacks on the media and according to the creators that was actually the contention one thing that both of these areas have in common that really attracted me also to tell this story is two presidents. declaring war on the news media i really feel that we shall overcome what all of us have been so subjected to over the past sixteen months while spielberg's political message is pretty difficult to miss even in the trailer you probably won't be the screen court next. week don't. you. wonder. why don't you go in to do this is ok and what are those two newspapers up to these days well they're not exactly true to the idea of exposing the intelligence community the washington post was one of the loudest voices against the release of the newness memo why because this classified document which alleges misconduct by intelligence services quote in danger's national security and wa po published
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a number of articles predicting devastating consequences from the memos released and slamming donald trump while they were at it and media who are in favor of the memos released got bashed as well the clip on paid for fake news russian propaganda dot ca of course was used by the obama administration to obtain pizer warrants to surveil members of the trauma campaign. and the new york times who exposed the pentagon papers back in the seventy's were also against it so the cia and f.b.i. went from bad guys hiding their secrets from the public to a pillar of society standing strong against the evil trump the irony today among many ironies is how the mainstream media forgotten their own history the new york times the washington post today when it comes to a songe and others call him the worst threat to our republic is that we've ever seen but just years ago decades ago this same behavior. now
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lauded in the movies seem to herald this particular type of behavior that is showing again the unmitigated unbelievable hypocrisy that astounds me daily so there you have it the same outlet that has democracy dies in the dark as that slogan would prefer its secret intelligence actions never see the light of day samir khan r. t. washington d.c. . u.s. defense secretary james mattis has called on congress to increase military funding otherwise it will continue troops modest made the comments while talking about the need to release the national defense strategy nuclear posture review and no surprises he kept room to mention the russian threats more than once that's not the latest from the scale of. just let us a bit more about well how the money talks well
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james mattis the secretary of defense was speaking before the congressional armed services committee in his remarks he talked about how both russia and china were in his view a major threat to the united states because they were updating their nuclear arsenals this is madness before the committee. statement russia has reduced only the number of its accountable strategic nuclear force and russia has been modernizing these weapons as well as other nuclear systems moscow advocates a theory of nuclear escalation for military conflict trying to modernize and expanding its already considerable nuclear forces pursuing entirely new nuclear capabilities. now just a few days prior the usa actually updated its nuclear weapons doctrine now on february second we had the release of the u.s. nuclear posture review and in this review document the usa named russia china
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north korea and iran as potential threats to the united states and talked about the possibility of using nuclear weapons against these countries now the report specified that nuclear weapons would only be used in what it called extreme circumstances however the posture review of the recent one expanded the definition of extreme circumstances and gave quite a broad definition of what would be extreme circumstances that would allow the united states to use nuclear weapons against those four countries now as you know maddest was speaking just on the heels of this statement it's interesting that he is referring to russia and china as a threat to the united states however from there he went on to make an interesting point and to make i guess you could say an appeal to the members of the armed services committee let's take a listen to what he said next no strategy can sure vive what you pointed out
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without the funding and insufficient funding of created and spread and under-resourced military congress must commit both an increase and sustained investment we must be good stewards of the tax dollars and support the budget for military we need congress to lift the defense spending to support the budget for a military no strategy can survive without the necessary stable predictable funding . now as has long been the case the united states has the largest military budget in the entire world it's bigger than the top eight other countries combined this point it's roughly six hundred eleven billion dollars however as you just heard mattis say he feels like it's not big enough that they need more money there has to be more defense spending in order to update the u.s. nuclear weapons arsenal among other things and of course if you need more money for weapons who is better to scare the u.s. public with then russia. bring us the latest on
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that defense budget thanks to. our human rights watch report as exposed how drugs are misuse them u.s. nursing homes victims relatives say strong medicines are used to control residents with dementia the rights group has released some of their testimonies why are you so sleepy day. one whom he was. totally droned to you couldn't even talk to my mother's name is lois been cooler she's seventy five years old when we went to see her she wouldn't talk. with do anything she would just sit and stare like she wasn't even there if you have dementia and somebody in a nursing facility doesn't understand what your needs are you could be given an anti-psychotic drug and you end your life not being yourself not being understood
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and there's no reason that this should happen. according to the study almost one hundred eighty thousand people mostly with dementia are given anti psychotic drugs every single week and drugs are often administered without the consent of residents or their relatives patricia mcginnis from the california advocates for nursing home reform told us that the use of a psychotic drugs poses a real threat to the lives of people with dementia. at least one hundred seventy nine thousand people every week who are treated here and who have dementia who are treated with anti-psychotic drugs. it's easier to drug somebody up it's less expensive than having adequate staff we have very weakened force but system in this country certainly in california it's weak so one of the ways to control people and control behavior people who have dimensions to give them and i psychotic drugs even
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the f.d.a. has noted that you're when you give somebody with dementia anti-psychotic drugs you have a two times higher chance of death it can cause people to like you said before to become zombies and i say cutting drugs can cause death and i psychotic drugs can cause heart palpitations and heart issues with people we really have to look at what is informed consent and make it national make it at a federal level that this isn't form consent and unless and until you have that from every single person every single resident or their representative you simply cannot give anybody one of these kinds of drugs. a six point four magnitude earthquake has struck off the coast of the taiwanese city of while and causing severe damage on the hotel to collapse local media reports claim two people were killed one hundred eighty eight injured are photos of emerged on social media showing the building leaving for kara's that's one side according
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to authorities almost thirty people remain trapped inside the emergency services are at the scene a number of other buildings and roads in the area have been badly damaged. russia is mourning the death of major philip off whose plane was shot down by islamic militants in northern syria on saturday the plane avoided capture the pilot avoided capture by taking his own life in that i had a hand grenade when he was surrounded by enemy forces on the ground he's been posthumously awarded the hero of russia medal that's the country's highest accolade . the love you.
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for a man felipe of was fighting terrorism and died is a hero i came here today to honor him he gave his life so that we can live in peace . with everyone from in high school he dreamt of becoming a pilot and eleven's greet when we were discussing creature was his during class he said without hesitation i want to fly after he entered the military academy he once came back to the high school during his winter break when his military uniform you know he'd behind others when anyone needed his help he was always there but you never do to show off he was a great guy. a model macron is visiting corsica on tuesday his
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first visit as president to the french island comes after a large nationalist protest there at the weekend course of an authority say around six thousand people took part of the rally organizers claim it was attended by more than four times that number. it was yes it was yes. a god. was on it of course in the course of goodness yes of course with fridge but with corsican and they should recognise that this is a bit of money for we are protesting because course chris being held hostage by fronts because currently everything is being cited by officials in paris these are the question of the peace and you put you first of all would demand the transfer of course even political prisoners to corsican prisons families are suffering because
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currently political prisoners are located far away from their homeland this is the most important demand. of the president's two day visit to the region which makes up just half a percent of fraud has population comes at a time of rising separatist sentiment. the one nine hundred seventy s. corsica's fight for independence is at its height with a nationalist movement carrying out a series of bombings and shootings the deadly campaign will continue for decades in one thousand nine hundred eight the top official on the island florida and yack was killed becoming the night state worker to be murdered by separatists in two thousand and fourteen the national liberation front of course lay down its arms declaring a permanent cease fire opening a path for separatist and pro autonomy political parties to reach a compromise with the central government back in december and nationalist separatist alliance an absolute majority in the course. leaving micron's political movement far behind that victory raced separatists.
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but their wish list is relatively modest at least for now the main cause official status for the course can languish control over the local budget and no more holiday homes for outsiders clogging up this paradise known as the island of v.t. of course can leaders warn parents should he be schools some people are now telling if winning elections does not even gets us to hold talks on what we gave you a mandate for means democracy is a dead end to go from that to saying bombs are more effective than votes is something i don't agree with but which at some point could be validated by number of people. giving in could prove difficult for highly centralized france previous administrations have met corsica's demands with irritation and even refused to negotiate macron hints he may be different to specific promises
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approving allusive so far. we can see the possible changes but it's elsewhere within the framework of the constitution this republican framework does not allow us to say yes to certain demands such as on residency rights or recognizing corsican language alongside french. to give a speech on his vision for the what it's raining island will bring updates on his visit that takes place. now there's been another says mix shift in the world of cryptocurrency is with the value of bitcoin shaken down again this time dropping to six thousand dollars that's almost the same price it was back in november before its meteoric rise the digital money has been getting much attention lately.
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now the rapid fluctuation of bitcoin is drawing comparisons to the first recorded economic bubble which was back in the seventeenth century during the so-called to look mania that was when the price of tulips mirrored the path because it is taking now with a huge spike in value before plummeting back to its original starting price let's discuss this live with the economics professor at kingston university steve keen thanks for joining us so good to have you on the program i mean i'm certainly glad it didn't invest in now when i was thinking about it given the drop but of course it's back to the price it was in the vendor before it went right up again so i mean what do you think about the drop or is there potential for another rise. oh. it's probably the most gambled and possibly in terms of the actual type of behavior that's driving the process and down the most illegal speculative financial asset on
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the planet because the things which are driving the process up and down. are actually illegal and actual stock markets you can't you can't do what they call pump and dump on the stock market you can't coordinate a bunch of people to to bond to the asset to make a garage to send out news messages to be paid to send of those messages and then once a process risen to sell and cream off the money that's being made by people who came in like who were part of the party that's quite a regular part of the behavior of bitcoin so go up and down but i think the long run trend is towards of a sickly value of one tree hill it is certainly something is divided opinions as though about its future let's just take a listen to a couple of the most high profile ones i do think that i think what's going on definitely will come to a bad big coin is is better than currency in the you don't have to. be physically in the same place well that was warren buffet and bill gates. views
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it seems odd because i mean why do you think it's divided opinion so much among you know people from investors to some of the world's richest richest millionaires. well there are people who are quite opposed the whole idea of government based money and who are also opposed to the obvious fraudulent shenanigans that the financial sector went on with credit by it's money back in two thousand and seven in fact there's a tack at the by both parties effectively in the very first bitcoin includes a comment on the chancellor has to say therefore representing the government in the about these are the second by a lot of the banks so this was a huge part of it was a rebellion against the it currency and credit money but it's been badly designed it's based on analogy to goal which itself is false because it's very easy to make another bitcoin technology is worth saying it's impossible to make more gold and it's also not true the goal was ever money so what they've built in is a currency which is based on a set of fallacies and the biggest one to me is to be money you have to able to
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enable transactions but the maximum number of transactions that can be supported on the bitcoin network per second is about twenty now there's probably that many transactions in a large suburb in london and they're talking about attacking average global currency it simply isn't going to happen i mean is it too early to be selling the alarm though about the death of bit quite a bit still was quite a lot of money isn't that after all. while your people have gotten all it done very very well max hawser was recommending buying it at three dollars and about listen to max on one of the shows of the i would have sold out quite nicely even in the process selling out now but ultimately the only long term value for big coin is if it becomes an alternative to currencies and so long as it only supports a trivial and i'd really mean trivial number of transactions per second it simply can't become money now in that sense it's a bit like a true up walking to do with a chip apart from planted in a garden and what should look lovely and then slowly die and i think that's what's
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happening with that corn as well it's thought it was really hard to get out the headlines the last few months i was there every week as seems to be a discussion you can try to see i think has always centered around that quentin justify do you think. well it certainly created a stir because there's a libertarian community that wants to support a complete alternative to government by his money and you'll see a lot of the twits like us from x. cars are saying that is going to completely eliminate fit currencies so this is a libertarian side to it and that's a large part of word support group has come from and it is an interesting technology on the block chain concept is something that may be effective as a way of replacing the back offices of banks at some style but the fact that it is so slow to consume so much energy and handle so few transactions means that it can't also be what people are claiming it to be so another block trying technology may will succeed but i simply concept bitcoin being effective there's
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a lot of changes right now there in the financial world is that i mean from countries moving away from the petro dollar to the shanghai you know the new stock exchange the countries buying up gold it cetera you mention an alternative currency could work. perhaps reform somehow is there a future for i mean what do you think is the future or the medium term future perhaps won't be easy to predict. i think it's all going to collapse through virtually zero value because it again because it only handle a tiny number of transactions if i wanted to buy little whinier the coin would be a good way to do that but i can only manage twenty transactions maximum per second that is simply not currency it's only going to be there as an effective means of trans transfer for extremely large transactions fifty million one hundred million dollars at a time and that's it's not you're not going to be buying coffee with it at costco particularly when the transaction fees are now running at something like the order of ten or twenty dollars per transaction no matter how many big corner involved so
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it's got so many design flaws and then that since it's like a loss leader it's the first for new technology interesting idea but i don't think it's going to work steve kean economics professor at kingston university great to get your take as always on this thanks for joining us welcome that's it for myself in the team here at all to see you next hour will global headlines. max kaiser this is the kaiser report so much to talk about stacy max we've been
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traveling quite a lot miami los angeles now back to north carolina was comical there's been a lot happening we've had the tide pod situation. with me now yeah i brought my diet bars in case during the show i need to eat my time as part of this type are revolution millennial phenomenon now that's the problem with new is that it seems like this whole you know the fact is that what happened was tied pods is that some elderly people with dementia ate some of those and they passed away but they ate that because they had dementia but the news covered the story and therefore a lot of young people apparently thought it was a good idea to try it themselves to see you know i mean not even in that film idiocracy are the people so doraine used as to start eating just type of cleaning products i remember they try to water their lawns again or a that didn't work out very well but to just eat chemicals like this because they
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are brightly colored seems like a complete collapse of society these three are saying when i was little my mom would say. we don't wash your mouth out with so now the millenniums are just eating thai pods to cleanse their entire system of all biological organic material and replace it with some kind of industrial chemical material i'm not however. so gross . that's gross why god gave the wrapper taste like something licking the bottom of a diesel engine. i'm not sure i'm not sure it's not totally a for ten hoax this story but nevertheless there's also been a story of the flame throwers and. his soul for million dollars so if the flame throwers all right want to know about wise you know most on flam throws i don't know you know he's been on twitter and he's been talking about flame throwers and selling flame throwers and selling baseball caps and doing all sorts of crazy stuff tweeting about i think you know somebody apocalypticism is trying to defeat the
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zombies so he's selling flame throwers as a good zombie deterrent and that some concerned people are trying to get regulators to stop them from selling flame thrower saying it's dangerous but america started doing nation and french i can't talk anymore because when i'm out to solve it in response to this incredible walks of chemicals i don't not to do it somebody. go get some water and then when i go i like it so while they get some water i will read this first headline here these are the six traders who were just arrested for manipulating the gold market on monday morning we reported here at zero hedge that a number of traders currently or formerly employed by u.b.s. h.s.b.c. and deutsche bank as usual no j.p. morgan u.s. banks were touched would be perp walk and charged in an unprecedented cross agency crackdown fifteen the c.f. t. c. d.o.j. and f.b.i.
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seeking to punish spoofers of futures this was confirmed moments ago by a c f t c press release which announced criminal and civil enforcement actions against three banks and six individuals involved in commodities fraud and spoofing schemes so daughter bank is to pay thirty million dollars u.b.s. the fifteen million dollars and h.s.b.c. spray one point five million dollars to settle these spoofing futures in the gold and silver markets all right well we were talking about this for ten years that these banks manipulate the price of gold and silver as a way to keep the dollar buoyant and keep the focus on the dollar and everyone argued that this was a not possible because for every bar there was a seller but in the world of naked futures and spoofing that's not true and now it's come out these banks are manipulating the gold price and it's still going on by the way i mean this is just a slap on the wrist for
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a few banks that are engaged in manipulation but they're the schemes continue and the price is continuing to be suppressed in this way and but people don't want to believe it because they have a cult like following of money in the u.s. dollar you and i on here on the kaiser report have covered over and over the fact that we've had several people on whose show you live as it's happening the spoofing happening in spoofing is creating the illusion. in that actual trades are happening and getting you know basically triggering stop loss orders and things like that to force people to dump their gold or silver it seems to mostly happen downward pressure downward but here we have these banks being charged with civil manipulation h.s.b.c. again these are basically these alleged crimes that there are now paying fines for they happened up until two thousand and fourteen for those keeping count this is roughly the fourth time h.s.b.c. has been found guilty of manipulating markets after the bank nearly lost its
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charter and swore it would never manipulate markets again remember you and i ran into eric holder at washington d.c. a airport ronald reagan airport and we confronted him about this and and he insisted to us that you know that they this was a suitable punishment for them that paying their fines would teach them a lesson and they wouldn't manipulate markets anymore but this is happening in these particular cases up until twenty fourteen twenty fifteen so still happening ongoing most part of their deferred prosecution agreement when they were caught laundering money for mexican drug cartels they are not a lot of when any kind of fraud or manipulation without losing a license now they've done a four times and they continue to have a license so there's no law if you are in the banking industry there's no law that applies to you you can just steal money with reckless abandon and that's the bottom line now one of the guys arrested was actually he had his firm in
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chicago had devised an algorithm for the other guy arrested a few years ago in london who had been charged with causing the flash crash because he was spoofing s. and p. futures and the many contracts and this company in chicago had devised the algorithm for him and they got off at that time they were not charged with anything because they said we you know we only desire. and an algorithm to this guy specifications we didn't do anything illegal with it but apparently that firm is then saw that they created that algorithm and said well why don't we use this and they started reading markets as well. illegal to have a flame thrower in them in a less delivery room for babies or something like that so it's illegal to have algorithms to steal money which is what these algorithms do because they're done in a way that makes certain folks some money they ignore it because a lot doesn't apply to them and we live in
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a two tier society there's laws that apply to the masses and then there's no laws for these folks and that's clear anyway so that story sap and we've been covering it for a year is here is to see f.t.c. and the likes of these guys the o.j. f.b.i. who were concerned about crypto currency and whether or not they're transparent enough and yet here are these allegedly very transparent markets gold silver they were very transparent and to traders that we've interviewed here like angela wire who showed you on screen the spoofing happening and yet people still refuse to believe that transparent spoofing happening and nevertheless so a lot of people have moved into crypto currency because they feel like well perhaps that you know this is a market that is not controlled by u.b.s. and h.s.b.c. and deutsche bank who go golfing with the president and the you know attorney general and therefore always get off from these crimes and never charged with these crimes maybe some you know.

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