once the united states went there and then we have two other countries we haven't heard very much about there but on iran you know i think versus i mean i think precisely this was the aim of mr putin's talk with the israeli prime minister to say listen you know ok you may have your interests in your security we hear that but you don't mess up syria but our security interests that's russian security interests ok not just to start we want a stable syria and we want to stable lebanon and you can't just send in planes every week to bomb the country and disrupt the political process in this way it's unacceptable and i think this was the message that was delivered both physically and by telephone. to the prime minister but it's a very strategically huge message because israel depends entirely

on superiority overwhelming oh no total i mean the army they made a decision after the two thousand and six war that they couldn't put boots on the ground in lebanon let alone in syria for more than six days i mean they would not be possible to do this so superiority is crucial do they have it now i don't know do they have it in lebanon maybe not but it's been tested. it's been tested and now israel has a huge decision do you actually set that and digest it and effectively say we are deterred we are not able to use our military force against the arab league of which only mental shift in its entire military posture in the region the cultural shift they culturally have been a used and. assimilated to the idea that they have complete

domination of all of their arab neighbors guys and that they have the military right to use it and suddenly they're being told well you know maybe the there's a problem with the road coming in and of course i mean you know putin's given his warning so the israelis also have to think i don't know what missile was used. i doubt it was an s two hundred but it could have been but what also is there are s. four hundred who are very potent russian surface to air missiles now if they ignore mr putin's message and say we're just going to take it all out. there's going to be a problem the israelis claim to have taken out most of the surface air defenses of syria i don't believe i don't play cause either because as i said it's an integrated system with russia it has

a russian flag on it they're not going to take out russia's surface defense system because it would be unacceptable they know that so they took out a control tower or something like that but you know what do they do next there's a except there's do they say well look the air defenses of syria in lebanon are only going to get better in the long term we must try and take an early preemptive action to destroy them before they become even better what are they going to do or are they going to say well we have to just come to terms with the reality much as we dislike it that we have a lot of our military earlier in the break accepting it it doesn't seem part of their d.n.a. i think culturally almost impossible to to to accept it i think they would try and find some means to avoid except and i think you know one of the let me jump in here we're going to go to a short break and after that short break we'll continue our discussion on the middle east stay with r.t. .

you know. he's going.

welcome back to our interview with talking about the middle east we went to the break we were talking about the a cultural shift and maybe a strategic shift in israeli thinking because of what's going on in syria but it's always about. it's always about. i know that you know in the region. there's a lot of bluster and the rhetoric comes out and you know you have to kind of. prime minister netanyahu who's in trouble politically domestically because of corruption charges and allegations. and then we when we had this. plane the israeli media and the military talked about you know these. supplies in syria as a. country. you were talking about. we

have the hawks in the pentagon in the white house when it comes to iran is there something coming together right now that iran is always a target for these people is as it moved up to another level yes i think it's changed in a sense what i mean what you're saying about israel is absolutely right but it's not a consensus and the security establishment of israel the prime minister and his father before him have been iran hawks and everyone knows it but there are the the the security establishment don't forget many of them said afterwards and have said subsequently when trump became president they said listen the j c p a way is an israeli interest is our interest so it's not absolutely black and white in israel but where it is black and white is in the circle of the white house where you have iran folks from the head of the cia to the national security cunt i don't know how

it's happened but it's surrounded by people who believe iran is the source of all evil and of course netanyahu feeds this and is capable of using this and of course we have in saudi arabia another for iran for the person and something happened before this u.n. security council sold meeting in in in new york this summer because there was a meeting and netanyahu had a meeting with mr trump and the next day he produced that extraordinary diatribe against north korea and against iran and labeled iran is the source of all evil i imagine that somehow that netanyahu promised him and israeli support for action like this and then what happened saudi arabia tried to contrive the circumstances for an attack on hezbollah by forcing saad hariri the prime minister

of lebanon to and with. only ritter and the security and the army of israel the dog didn't bark in the night they didn't go over a lot of neighborly michael aris going on here a lot of them and it's a very toxic mix when it all comes together you talk about. trump and his generals he seems to have just kind of abrogated his responsibility to this and that's the impression i have because we can we see rex tillerson the secretary of state he's overruled even publicly quite often when it comes from north korea to syria maybe even towards iran here i mean it seems like a very much a a military foreign policy because we've had these posture reviews come out security defense but i'm not expecting any diplomacy review to come out anytime soon you know i mean people have talking talking about caging the president and containing

him but in this stress specter i think i don't think it was so unwilling i think he likes it and you know he keeps talking about my generals and i think he actually i'm commander in chief and these are my generals i mean there's something that feeds into trump's ego and he literally feeding them with the only seen easy amends defense. immense and they feed him by saying america has got to be respected and america's got to be powerful and he says absolutely right you know this i agree with so i think i think it's voluntary what is particularly significant is the move we've had from if you like the steve bannan circle which we're in a different philosophical view who said america has to be as america or is culturally college or drive the example truly america but it also implied that russia could be a russia as it was and that was a basis where you could have a foreign policy we have now a group of generals that are

a vision as. generals who believe in fighting the vietnam war to prove that the vietnam war was never lost by the americans in mostly what we have nikki haley is there as their bullhorn on the world stage i mean armor when it comes to israel when it comes to iran i mean this is this is this she just perpetuates this so this echo chamber you have to see the language was very important in the second statement to begin with russia and china were competitors and rival the second statement their revisionist past now that has a very specific meaning it has a meaning that those powers will be use military force to undermine the status quo the world order after the second world war in other words is saying russia and china are seditionists against the except that global order war or just challenging american hegemony and it's in a poll moment i'm giving a different interpretation i will tell you that the argument there will be quite

different and then they go on to say so these seditionists have taken advantage of us so we're going to have to rebuild the whole nuclear deterrence submarines missiles new weapons and we're going to build the whole ending of the monitor of mutual assured destruction is eroded more than it's worth more than a road is more than that because what we're seeing is the blurring of the borderline between nuclear war and on nuclear war i mean when they talk about you know using tact kasia using tactical nuclear weapons on iran van trick conventional setting then the border goes if a comes blurred and even they've just given a contract to for having cruise missiles with nuclear weapons well if you're a state and you know people fire cruise missiles how do you know whether it's going to be nuclear or going to be conventional so it's a big blurring of the whole president asad in there in that posture is if you read

it rationally detached in a detached way in a. is a justification for the united states to use these provide weapons but it's not a deterrent to russia in china it's explicit right it's explicit in it that it will use it and the even the preemptory action is is possible where again states that might be likely to acquire nuclear weapon let's say with this pastor here because it pocus. russia china of course north korea but it it almost in a dismissive way start talking about in remarkably considering how these two words the war on terrorism that has been degraded i mean it's a term that was invented by the united states to read havoc unbelievable havoc in the middle east in and beyond and now they're walking away from it they are and were and this is really i mean what you're pointing news really significant because what we have in its stead and they are very explicit about saying it these are

forever wars generational wars our enemies we will fight them by coin which is any means information wars cyber war any type of war regime change over a generation or more and so russia iran is a very very serious there's an i guarantee that there will be perpetual wars and he just ignored it really quite circular of course of course it does yes you're i mean and of course we're already seeing russia reading this china reading it i'm not you know i don't when i say war when it comes to iran i don't think there's going to be hot for i think we're going back to twenty fourteen and they'll be financial sanctions will be attempts to undermine it by counter-insurgency messages and then they'll be financial war on russia sanctions and on china no will be tariff wars china is the one thing that they can bring everyone together with. in the

democratic the republican party everyone's agreed we must have economic war on china we must cut china down to size and of course it means that there is no foreign policy debate at all in the united states is we really quite remarkable in two thousand and three when the united states was about to illegally invade iraq there was a huge anti-war movement now it's gone it's changed here it's. during the cold war it was a open agreement between the united states and the soviet union the you don't kill each other on the ground you can use proxies all you want that's changed in syria and i don't think a lot of people understand that because there is every reason to believe that the u.s. out of self-defense that's the new justification for regime change now targeted russian contractors and killed them that's something that didn't happen during the cold war

so i think it took a you're right it's a very serious escalation and i think that it's likely to. continue because. iran and syria i think both made it certainly iran has made explicit that if the americans do not leave voluntarily they will be made to leave syria they've said the same about the american presence in iraq i think that in the northern part of the middle east there is a clear determination i don't mean. this is a conspiracy i'm just saying there's a clear consensus a view that the american presence in syria and in iraq is going to be disturbing to the stability of the imagination it's upcoming in this temple we're going to have the the russians the turks in the iranians now those three parties had their

differences. when it comes to syria but they are all united on one issue if you now want american presence in legal under international law our presence in syria is that enough to keep them together no i mean it's called more complicated but i think the relationship between russia and iran. although there are long history of disagreements but it is a real strategic interest partly because of the financial war they need both russia or an iran need if you like commercial depth in order to survive any sanctions that are put on them so both of them benefit from that and china as part of that axis turkey is more complicated more complicated sometimes it seems to do what was agreed in stand sometimes things don't seem to work out quite like that sometimes

it's not clear what their ambitions are in syria sometimes there's a cooperation and at the moment when you read the turkish press you see they're angry at the americans they're angry at the usa they're angry at syria that angry are you going to analogy isn't really just playing it on the fly because i agree with you i mean what's turkey think today you know i don't know we don't know because i think one of the great difficulties i mean. i don't want is not predictable and you know ottoman language in autumn and sentiments arising and the people are with him let's make no law no doubts about those there's he's got the whole lot of order and that's what worries me is because it's operation olive branch of all names in leading a northern syria he can pitch it as being anti-american and he's his his base loves it yes yes and also he's somehow actually in

a way managing to bring some sort of. togetherness between the secular base and the religious pious base of. buddies killed in creating a gilded cage for himself as well because he has to succeed almost to quit that's all the time we have it was wonderful having interview thank you very much for talking with or thank you for inviting me thank you. stein is getting international recognition with the help of israel at least in the world of zoos i'm in bill c. dismissed it to you like you know. this isn't my cup of tea is going up to study hall maybe. john does. the only palestinians who gets the most help from its jerusalem counterparts i don't think some of those who

in the world under the oak vision know only could do this. and that is a lot to this lady of the most of the i know if you compete in the customs you know do more. don't piss off. what's going on is only for just seeing. kids it doesn't have any meaning unless it leads to real chaos which can be. guaranteed only by christina president.

put your hands up in the only better don't care. how bad you don't care oh that's a good honey badger really nice so this is no she might have heard about it called honey badger don't care honey badger approaches and fights anything if you go on youtube and you'll see a thousand videos of honey badgers in the african savannah and they fight anything they fight lions tigers. any sort of creature you can think of down there they'll approach and start fighting even though it's like a little ferret looking sort of creature a beaver looking creature and it fights whatever so when no matter how horrifying the creature you know a lion looks pretty scary right this guy looks pretty scary i know i've seen photos of those blobfish they from like way down deep thirty thousand feet below and that

charlie munger is uglier than a blobfish that's a magic ball you know as wife is the one putting the paper bag on her head you know what this guy looks like the tape worm has got hit with an ugly stick charlie munger urges regulators to ease off wells fargo blasts bitcoin. badger don't care. there's a charlie munger approach to economics its own quickie. boom boom boom boom boom quacky very much in the words of reversal well you know ninety four. this is this is charlie munger approach to economic blown holes through wells fargo through wells fargo through out the turnaround charlie munger and warren buffett tourist in marriage top photo i showed that was from a tweet from reuters berkshire's monger urges regulators to ease up on wells fargo . so you know before janet yellen another honey badger left the federal reserve

bank she did basically force them to replace three of their directors because they themselves were unwilling to basically get a better attitude about all the fraud they had committed you know they had set up all this fake accounts for their clients in order to basically meet some targets and get better bonuses but they had also been found in this kind of got overlooked because it happened in the summer when a lot of fake russia great stories were happening but also between started to take off the back more press but they had also been found to have basically forced auto loans auto insurance onto those who had auto loans from them and it was fraudulent that basically these people didn't need this product and they didn't realize that they had this product and so they ended up getting their cars repossessed so basically janet yellen forced them to that was on the very last day

she forced them to replace their directors and now charlie monger is all upset that as the largest shareholder of wells fargo he's using his position to try to badger honey badger the you know the regulators to ease up on his investment. is the largest shareholder he had warren buffett berkshire hathaway wells fargo wells fargo was caught in equivocally stealing from millions of customers wells fargo you know going back a few years they've been involved in numerous scams they got bailed out of course during the two thousand and eight crisis crisis emerged big coin they self-regulating true money a substitute that would put the charlie munger warren buffett's under the bus because they're parasites and just take from a cut from the economy that adding anything berkshire hathaway is nothing to the economy it extracts from the economy it's a tapeworm on the economy because it is sound money so naturally it's like a. rowing tears of the wicked witch of the west in this case charlie munger is the

wicked witch of the west and bitcoin are the tears actually called noxious poison which it is exactly it is you put poison down to get rid of rats who were eating infesting your house and here they've the sort of this banking activity which by the way the activity that wells fargo was engaged an opening for industrial scale fraud that's what it was and they got fined a bit of money like two hundred million dollars for opening these fraudulent accounts he says of course wells fargo had incentive systems this is what they call incentive systems that were too strong in the wrong direction and of course they were too slow in reacting properly to bad news but practically everyone makes those kinds of mistakes monger said and it's because it was just the noxious poison and it is the noxious poison to this sort of system this fraudulent system which is opaque you can't see it that these people until years later that these people have

been committing industrial scale fraud and then the regulators come in and they tap them on their little wrists and nothing happens well destroys that but they keep ninety cents or for a dollar they commit they pay ten cents and fine and charlie munger saying the incentives are out of whack it's mis incentivized the way that the structure of the banking work banks work is true across the banking sector is true because the central banking sector is how charlie munger has made money when warren buffett called big coin the rat poison that's correct and he is the rat charlie munger is a man a four year old rat warren buffett is a big fat rat they are eating there's their predators and right and there's just characterize fraud as miss incentive that's like saying that you know the guy who goes into the liquor store and robs it blind it kills people he has missed incentivize he just went in there to get a pack of cigarettes but somehow as incentive structure was messed up but he end up killing a few people and stealing a bunch of money but we should. going to find him ten percent of the money he stole

is still thousand bucks you got to give one hundred dollars to the government is a fine they can keep nine hundred there's no culpability for the murders in this case you know these guys are actually causing widescale social and economic on the rest is leading to all kinds of malays and destruction in the economy and gas is not pull pot above but private equity well this is the thing about the wells fargo scandals first of all let me conclude with what reuters says about it and look listen to their wording about this the san francisco based bank has been beset by scandals for deceiving customers such as by opening an authorized accounts and forcing them to take out auto insurance they did not need so the thing that cannot be calculated is how much stress it caused some of these people whether they were something like twenty thousand car repossessed sions that happened because of this that goes on their credit scores how do you fix the credit scores of these people and here's an economy where literally if you don't have credit in the u.s. economy you're you're dead you're here it's like you're cut off from the grid so

there's no way to calculate how much damage that has done so you know these are truly mongers a frustrated genocidal maniac and he knows he's not long for this world so he's spending the last few weeks of his life of a sensually thumbing his nose at everyone who's tried to apply the rule of law to this recidivist criminal banking terrorist that has murdered people indirectly by abusing the system and it's a shame that the media in america waste his time pointing the finger at countries involved in sowing elections where there's absolutely nothing but smoke to it and they ignore somebody inside the country who is actually who are. they go oh we don't care about that because he's employed as you clearly was bloody war and they're so sweet how bad can they be there's such a nice old gentleman you know meanwhile you know there's a lot of people in paraguayan else or. or that we're involved in all kinds of other nations doing that just a story that you know there's actually

a great piece of the nation which will cover soon but it covers the berkshire hathaway business model and what they do is they invest in companies that have monopoly power so they themselves invest in monopoly power which is anti-thetical to the american ideology of free markets so they themselves warren buffett says he utters these words says that he invests in most if you have a moat that keeps you from your position is protected your monopoly pricing power he invests in that in terms of what janet yellen did on her last day in office here she says i well fargo rehab requires a change at the top last friday and danielle is last day as federal reserve chair the regulator slapped the san francisco based lender with sanctions for poor governance compliance and risk management relating to abusive sales practices that culminated in the creation of millions of fake accounts and inappropriate charging of auto insurance and mortgage fees the fed also took the unprecedented step of prohibiting wells fargo from growing any larger than its total asset size at the

end of twenty seventeen or two trillion dollars without clearance from the central bank ironically this sanction actually provides an element of cover for the lender which has found growth to be a challenge lately so they're not allowed to expand because they've they apparently can't do it without committing fraud so janet yellen on our last day did actually do something worthwhile and she. of course had to do it on our last day because otherwise warren buffett would have had to remove anyway from the fed exactly the quid pro quo should allow us to. put a lipstick on a pig purely for cosmetics window dressing and the overturn it quickly because these people have enormous sway in government and they run the legislative process and they will be unwound any penalties for wells fargo and i'll be back committing serial fraud by the second quarter of twenty eight inc we're going to get into part of the reason why she did this is because you know they've committed these frauds against their customers the fake client accounts and the fake insurance products but they still haven't offered dress. situation for anybody who is owed less than

one hundred dollars so they still like thousands hundreds of thousands of americans that they owe restitution to but i do want to say something about honey badger that we have a friend steve beauregard who we saw down in kent coonan at the situation round table he's with gold coins and he was just a safari in africa and he asked the safari guide he's he wanted that to see where the honey badgers are and the safari guy was like honey badger is usually people who see the elephants the lions the tigers the giraffes like what why do you want to see honey badger's and the guy hadn't heard of honey badgers being by the fiercest animal on the savannah is the honey badger you know and of course the jolly mongers of the warren buffet's there's a good decision to mediate out of existence or they just croak. well they both have said they're like they're not long for the world well ok so wells fargo screws customers yet again now failing to make right and abuses elizabeth warren demands answers so wells fargo is getting get more deserved bad press great.