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tv   Keiser Report  RT  March 16, 2018 12:00am-12:31am EDT

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it came out of the darpa came out of the military came out of taxes without taxes without the u.s. government without the military there would be no youtube there would be no internet and yet they're paid back for this free ride this rent seeking is to squeeze out all the diversity and give us dancing chickens which lead to a dancing chicken president so don't look at overseas as a problem to your dancing chicken president look at you tube you get the media consolidation look at les moonves of c.b.s. there's your dancing chicken president don't blame foreigners for your loss you for it and it is it's so not only did little max keiser get to see these dancing chickens in times square but you also got to see ugly george who was an important character on public access television yes elise george was in the robin bird showed was also another public access hit these were i made my own t.v. show in the one nine hundred seventy s. called the king kaiser show you can see portions of that on the you tube we have yet to release the full catalog of the king kaiser show that i had in high school
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or in mamaroneck new york and also while you were in times square with putting quarters in there for the dancing chicken of course many people know about travis bickle he was also hanging out in times square and his taxi. it could have been a movie but it seems like real life but of course he drove a yellow taxi taxi driver and that isn't our next headline because they have been disinter mediated by an algorithm who were drivers often make below minimum wage report finds some drivers end up losing money after insurance maintenance and other costs according to a study raising concerns over labor standards so this is a study out of mit and lift drivers it turns out make basically as little as eight dollars and fifty five cents per hour. the article the researchers they did have a little bit of conflict with over the how they determine how much they actually get paid but nevertheless what the study finds is that lifts.
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basically rely on economic ignorance of these people applying for jobs taxi driver. driver jodie foster is a venture capitalist travis bickle is a dot commers cryptocurrency want to be and conspire to take down the field of currency system someday a real crypto come and wash away all this fear travis bickle quote from driver directed by martin scorsese coined available in theaters now of course. bickel was driving at that taxi to his company owned he was driving the car for them and he had to like hose down the back of the car when everybody vomited in all the sex and all that crazy stuff that happened in the backseat well of course this
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is part of the cost that many of these drivers trooper lift don't factor in the damage to their vehicles the mileage on their vehicle the wear and tear the gasoline costs insurance costs all that such that eight percent of drivers are actually losing money so they're just travelers picoult yeah every single one of us there's nobody that's escaping goober ization of the economy we're all working for below minimum wage at the end of the day if you factor in the ecological devastation of the dancing chicken effect and all the cruelty prone eggs who escapes this nightmare we call post-industrial is post ironic post calling fantasies ation and infantile ization and narcissistic cause i reality here now something to think about during the break because we have to take a break when we come back we're going to talk to dr michael hudson don't go away.
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twenty eight team coverage we've signed one of the greatest. but there was one more question and by the way who's going to be our coach. guys i know you are nervous he's a huge star and the huge amount of pressure you have to be the center of the football with you and do all the great. you are the rock at the back nobody gets to you we need you to. go. alone. and i'm really happy to join. russia. this special one. needs to just take the reno team's latest edition to make up a bigger. book. the
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far right. isn't just on the march it's taking violent. action i don't like need to hate. these organizations which are usually split into which we for different names how do you have. a. complex web of basher. welcome back to the kaiser report imax keyser time now to return to our conversation with dr michael i'd say and dr i'd say welcome back to the kaiser report be here to continue to so we are talking about donald trump and his new
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steel and aluminum tariffs and how that's going to play out economic lay and. you know last time we kind of talked about how this could shut wall street out and that's an interesting concept you know if we can take this and go down this path a little bit but what do you mean by it shuts wall street out and isn't that a good i mean you know the economy has always been a battle between main street and wall street and certainly wall street's been a winning the last twenty five years certainly sense the reagan thatcher era and male liberalism and main street spend shut out main street the wages have been stagnant a lot of jobs have been lost so is this signaling kind of an era when main street can look forward to some gains here versus wall street and isn't that a positive thing and there isn't that the way the cookie crumbles if you are working on wall street dr watson well i don't think. economic policies that don't
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favor wolves three are the same as bernie sanders well as the it's the don't they are both great just because wall street loses doesn't mean automatically means three yangs their money i think there's a national security strategy but i think the national security the state has taken over and what they're trying to do is play the game of international diplomacy that is not going to help either wall street or main street they can both be losers if the economy is being mismanaged and it looks to me like trump and the republicans are mismanaging out the economy for instance if. wanted to know wall street what he would really do would be to build up infrastructure. and some set up infrastructure he would lower the cost of doing business for wall street there's no let me jump in here for a second because you know america's biggest competition globally would be china china of course as an adult policy and it's a top down hierarchical approach and it was
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a bit of an iron fist our alleged free market ideology in america prevents our elected politicians from even offering this type of thing but in other words can have as america compete with china if china's going an american as a seem to have any problem with a lot of the inroads that china is making into art technology space etc with surveillance technology this type of thing but in other words are two very highly contrasts things temps our styles of doing business where your comments it is impossible for a free market economy to compete internationally a free market economy is one of economic collapse and austerity look at america didn't get rich by being a free market they got rich by being a perfectionist going through this that my book is about america's protectionist take off. in the nineteenth century america had the idea was if we build. america is a mixed economy where the public sector providing education roads really roads and
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all of the infrastructure at a subsidized cost there is really then our business can hire labor and do business and have a lower cost than other countries that are privatized and free market so american got rich by not being a free market china's getting rich by following the exact same policy that made america rich and germany rich and other industrial countries by having a mixed economy where the government provides most of what's their own externalities transportation costs communication boss education costs water sewage all of these are in america the infrastructure is. it is being prototypes to increase the cost comes next best. increases the cost of doing business in the financial eyes a new economy lower let me jump in because as an interesting points in other words if you have the infrastructure like roads hospitals education these types of parts
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of the economy that add to the aggregate gross domestic product in intangible ways and tangible ways of while allowing the free market to exist and things like computers and soft drinks and you know things that are commercially competing out there you end up with this mixed economy and the best of both worlds but in america and also in britain you have now the privatization of things like transportation a runway it becomes vastly more expensive it doesn't work. ideologically or theoretically you don't want to ends of a railway system competing with each other because then you get stuck breaking down in the middle as you have in the u.k. or amtrak as i don't know if they are or what the current status is of a track of at but anyway so yeah this mixed economy right and that's the best of both worlds but in this country and elsewhere they've privatized those elements and
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now you pick up the competitive and has really been destroyed right yes what you call a privatized economy is really a financial economy where the financial sector so every bit of infrastructure privatized finance is very expensive credit with interest charges stock buyback programs management charges overhead capital gains and. america will end up looking like margaret thatcher's england and they call it a free market economy but it was really a way from industrial capitalism as we know it in the nineteenth and early twentieth century back into a kind of feudal and it's a kind of me it's you know spoken about. before and it is a retrogression from capitalism industrial capitalism and it's you can either call it finance capitalism or new york feudalism but it's going to be very high cost of living high possible doing business like a competition and the only way you can really are protected this is militarily with
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a national security state and the military industrial complex and that's not something that benefits either wall street or main street this is something that is basically simply parasitic changing gears for a second i want to pick your brain on something air. everyone from jack ma to marcus dr burke have been warning about the impending artificial intelligence job apocalypse do you agree the most or press will be displaced by machines or algorithms is there anything we should do as a society for paraffin so what is your current thinking on the way i trend and jobs and economics dr odds on this argument goes back two hundred years repair no marks and other people who are saying it's mechanization going to replace libor or no and marches and if there was no it's not going to because instead of more and more workers are going to be employed in the capital goods industries. that are
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making the machines that displace manual labor so what you're going to have is an upgrading it later from the old manual labor to the machine making well the same argument that was waged in the nineteenth century can be waged now in the twentieth century how many workers are going to be employed in the artificial intelligence at this rate how many i mention all of the all of the gas stations that are going to get more businesses or so protein power is also mentioned to each other i mentioned the increase in hospitals and the soak reading power automatic intelligence cars run over pedestrians you know who knows you know how many extra jobs are going to be created by this so the let me let me jump in for a second. in the us let's go off on a wild tangent here as we normally do so if you talk about ricardo and marx and nineteenth century economic models and how this is not any different but i would posit that it is different because in the case of the algorithmically driven high
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tech economy that we're now living in the cost of the raw materials the digits that go into this economy are zero zero this is completely new never seen in the history of economics on a case of you know they have over drivers working at under below the minimum wage because a platform that algorithmically controls millions of customers and thousands of taxi drivers taking advantage of the fact that there of raw material cost digit electrons to them is basically zero same thing with google as same thing with all these major platforms facebook it's a platform is resting on a reservoir of raw material that causes hero and so things are trending down is highly deflationary in this regard and so therefore this artificial intelligence again are algorithmically driven is tapping into this a some pot a curve of raw material cost is zero and that's highly deflationary isn't that
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a seismic change in economics and the models that have been looked at and examined now for two hundred years dr watson yes i have to admit you're right it is a seismic change and it's a race to the bottom and it goes hand in hand with the asian you're seeing so to the extent that. the artificial intelligence doesn't mean higher quality of life it may very well mean the kind of managerial program that's what you know it results in a lower quality of life for most people just like drivers earn less than the minimum wage people going to work for him in. are notoriously. short lived there there. were these apparently you know. what he did so right into this mix donald trump is coming out and saying hey you know we're going to put some extra tax dollars in your pocket the form of cash
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we're going to we're going to bring tariffs on to give steel workers some high wage jobs and you know this is a vote winner and against a backdrop of fear the average worker is scared to death because they also implicit and this kind of cycle economically would be a trend toward higher inflation anyway as we're now entering into a new era of higher interest rates etc a trade wars. are not deflationary dr odds and they tend to be inflationary aren't they another thing backing up your point of that modern he is different from industrial technology in the nineteenth century. high wage labor under sold low weights labor it was called proper labor the idea was that once you have machinery you're going to have to have more and more highly skilled highly trained better fed and rested labor in order to operate it so you had upgrading of labor all during the industrial revolution as
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a result of this mechanization new labor increased as living standards in order to be able to perform the higher quality were just industrial work jobs but now under industrial technology it's like the navy designed by geniuses to be run by idiots and you're going to treat labor is essentially you're terry you're turning labor into low quality repetitive servo mechanism lever rather than the highly skilled labor that people thought was going to lead from industrial capitalism in the socialism and better living standards fair enough now what's your latest book by the way and just junk from chafer junk economics at the latest that's no my latest book i'll be coming out with another one and may our no see it on the new york times bestseller list i see not seem to love this book up there this is just recycling the same things over and over and over again there's nothing in that seem to love this book we haven't seen already
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a hundred times you're actually bringing some fresh to the table how come you're not on the new york times bestseller list this is a travesty dr johnson because i'm the kind of person that you have on your show not the kind of person that the new york times likes to celebrate though they review books that advertise in the new york times and i don't ever if i go on your fair enough yeah that's right tell it never comes i was on here was i got to say i'll get him on back all right maybe you two should be up for debates and dr johnson thanks for being on. the kaiser report is always going to be here match well that's going to do it for this edition of the kaiser report with me max kaiser and stacy ever like to thank our guest dr michael hudson latest but j. for john taken omics if you want to catch us on twitter it's kaiser report and the next time. when lawmakers manufacture consent to stick to the public well. when the
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ruling classes protect themselves. in the final merry go round listen to the one percent. we can all middle of the room sick. combination of shipping is very artful policy. where he's established a great relationship with food and a killer in american mistakes i think that's what. this relationship between russia and china to become. quite a lot can be claimed to be very difficult to undermine.
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the. eleven thousand people that leave syria's militant controlled enclave of eastern could out with many more still struggling to make it to safety. frankly. should go away should churchill a. few cases. defense secretary resorts to on diplomatic language as tensions between london and moscow increase over the poisoning of former spy sergei screwball and his daughter investigation into the murder is yet to produce any concrete evidence so if you say police are saying it could still take weeks to establish a suspect. and iconic ukrainian lawmaker. claims that top government officials were involved in organizing the deadly made on the
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square shooting here in two thousand and fourteen. for broadcasting live from our studios in moscow this is r.t. international john thomas certainly glad to have you with us and we start with news from syria's rebel held territory of eastern ghouta the russian defense ministries center for reconciliation says eleven thousand civilians have been able to leave the embattled the area in the last a day using a humanitarian corridor set up by the syrian government and at least two thousand more are expected to leave in the coming hours tonight evacuation of forms part of an initiative to get civilians in the stricken region out of harm's way until recently many people had not been able to escape as the militants there had reportedly been shelling
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a humanitarian corridor established by russia. ruini reports now from the exodus. was perfect. for that. are. not going to need in thousands of civilians are living good right now by the humanitarian corridor you can see behind me and the passage has. been recently opened by syrian forces perhaps it's allowing crowds of civilians many of them are children to leave in battle area people are coming from different districts and many civilians were telling about the suffering they face for militants they also said they were previously prevented from cleaner we left eastern ghouta it was so difficult when we tried to leave earlier that we were not allowed as it was controlled by terrorists. the army advanced on the town and asked us to leave thank god we are safe and sound and we have arrived here. eastern good which is close to
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the capital damascus came under rebel control back in two thousand and twelve since then government forces have been trying to recapture the area and fighting intensify there last month militants have been driven into three pockets with the syrian government now holding large parts of the territory but the situation for civilians trapped in the embattled areas remains a dire people have been caught in the crossfire and are suffering shortages of food and supplies. the case that defense secretary has told russia to quote shut up and go away over moscow's alleged poisoning of former spy sergei screwball and his daughter as the diplomatic fallout over the incident continues. it is absolutely atrocious precious and outrageous will. free we have responded to it for entry. should go away it should sure took we've certainly raised eyebrows
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because it begins to feel a little bit surreal when this kind of language starts being used in this kind of language comes into play especially if you're expecting to be taken seriously certainly in the world of diplomacy the u.k. has plans to provide a sample of the nerve agents that has been discussed and rebel in in connection to this poisoning to the organization for the prague bishan of chemical weapons which russia is also a part of but it's not providing a sample to russia despite requests messages multiple times from russia throughout this past week to be able to analyze this nerve agent and try to assess what exactly it is and we do know of course the foreign ministry in russia has been saying they would like to know what the substance is we've heard from foreign minister sergei lavrov said russia that russia will definitely retaliate in connection to the expulsion of the twenty three russian diplomats certainly a quid pro quo scenario is that sort of traditional in these kinds of scenarios but
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he did underscore that russia will continue to use diplomatic language. well germany france america and u.k. have now issued a joint statement on the poisoning which they say was highly likely to have been orchestrated by the kremlin it requests that moscow provide the organization for the prohibited prohibition of chemical weapons with information about the nova choke a nerve agent program now it follows the british government's decision on wednesday to take retaliatory measures against russia in an address to parliament prime minister theresa may announced that twenty three diplomats will be expelled from the u.k. she said a high level bilateral meetings are also being suspended that includes a visit from russia's foreign minister sergey lavrov on top of that there will be no official delegation from the u.k. attending the upcoming football world cup this summer now we spoke to the russian ambassador to the u.k. alexander. about the incident and the backlash it has triggered he says he does not
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believe the case is being handled appropriately. things were gleaned. under the british course vacation agent a two three four. is the russian region we asked the british officially by a node to share the samples of that in order to make our own conclusions and we would night so all the investigation about the scruple is classified we don't have any information we don't have any access nobody saw even the pictures of the people in the hospital where they live or maybe the just in the good health. so nobody talked to the doctor you know there is absolutely no transparency in this case and this is worries us but whether we under the international or in the vienna convention we have to give the excess to these people because they're russian citizens and we're also being denied so basically britain doesn't respect the international law and
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the way how they're behaving. is just. puts a lot of questions the investigation into the attack on the former russian intelligence agent and his daughter is still ongoing and there are still many unanswered questions as are these daniel hawkins explains and i tak by the kremlin on u.k. soil for downing street it seems the case is all but closed russia is the culprit no questions or rather. as the prime minister taking the necessary steps to make a formal request for evidence from the russian government given the gravity of the accusations at official request seemed like a reasonable osc but last crew though says no such requests were forthcoming we haven't received any official request from london we've told britain we're ready to respond if they file the request instead of filing the official request the u.k. continues to pull political stunt and moscow also said it would cooperate in
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a joint investigation within o.p.c. w. but as it seems this offer was unacceptable to the u.k. government. has high resolution trace analysis been run on a sample of the nerve agent no answers from to reason may on that but the prime minister believes there's already enough evidence to make it highly likely this was an attack ordered by the russian state guilty as charged mr script atlantis daughter poisoned with and nothing chock a military grade nerve agent developed by russia means motive and opportunity are usually needed to prove criminal guilt the nerve agent chalk allegedly used in that attack was actually developed in the soviet union decades ago and the o.p.c. w. officially confirmed that russia had concluded the destruction of its entire chemical weapons stockpile last year but apparently it was not only russia that had
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access to research labs and the scientists working there in his back to stand for example which became independent after the breakup of the soviet union it was the pentagon that helped to demilitarize the facility it was in that very facility that nugget shock was tested so they didn't even last the global's up with good schools in the mid one nine hundred ninety s. western special services recruited a number of our chemical specialists their names are known they also brought some of those documents and continued research in this area including in the us and the u.k. thought the results achieved by those countries in creating new poisonous substances that for some reason classified under their common name in the west are confirmed and represented in more than two hundred open sources from nato countries we have all the references we're ready to provide them. how has she responded to the russian government's request for a sample of the agent used in the soulsby attack to run its own tests apparently no
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response and no sample why the secrecy if this is such an open and shut case. has that revealed any evidence as to the location of its production all the identity of its perpetrators hundreds of offices as you would expect continue to work around from gathering evidence to identify those responsible we're not declaring a person of interest or a suspect at this time. how does committing a heinous act on foreign soil on the eve of a presidential election and months before the much discussed world cup knowing the diplomatic fallout benefit the kremlin you have to ask one thing if russia wanted to kill this man they could have killed him when he was a prisoner in russia why have they waited this long and why use a chemical weapon that makes it go definitely is the russians behind this that very old to thing.

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