as an emergency u.n. security council meeting russia's resolution on the investigation of syria's alleged chemical attack fall short of the required majority while america's counterproposal is then vetoed by moscow which accuses washington of reluctance to conduct an independent probe you have already appointed be guilty party you don't want to hear anything you don't want any investigation. is discharged from hospital following last month's nerve agent attack exceeding doctors' initial assessments that she may never recover. at all. oh well look around in france a violent standoff continues between police and environmentalist for a second day near the city of norway where barricades have been burned and officers

have fired tear gas. in just under an hour my colleague daniel hawkins will be here in the studio with more news but up next the wild eyed which he my skies are the financial lowdown and the kaiser report. oh america i was there this is the kaiser report the show that keeps it real. so we're going to continue with the theme of the markets and you know following up on that correlation equals causation with all the big banks going down to the new york fed right down here in nearby our studio here in downtown new york city and. basically doing better than all other banks because they have insider information well we're going to talk about the telling in fact this is a cool tweet i saw last week from

a wall street dropout one of two i can tell you in effect newly created money is not distributed evenly simultaneously in a population that has a specific injection point of flow through the economy the first three cypriots are able to spend it before prices go up the last three sabean's get hit with this hidden tax equities or near all time highs but populist movements spring up globally around the same time big coin is born these are not coincidences and i want to show you some charts that he provides as well and this is the rising assets of the central banks the top one being the united states federal reserve and then you have the bank of japan and the e.c.b. in the united states most of the equity markets most of the stock markets are held by the top twenty percent and most of that by the top ten percent and even more by the top one percent and you see this is the fed's balance sheet with the s. and p. five hundred so they go up in lockstep and those closest to the money those closest

to the fed those who get to go and meet fed executives and bureaucrats at two in the morning well they seem to benefit the most upstream downstream you know an ancient world if you lived upstream yet it better off then too because all the all the garbage and everything flows downstream and. in the financial world if you live in proximity to where the money's being printed the cotillion effect is meaning that you get first use of that money and then compounds at a rate unique to you you get a compound rate of return based on first use and time is on your side your downstream time is working against you because you end up with a savings account paying zero percent or you know wages or you're behind the inflation curve and so you negative compound rate of return and the wealth and income divide so people believe that something intangible like money could be easily distributed without much friction in the economy but of course that

precludes the presence of opportunists and ron ca's and corrupt government officials that would maximize their own anger and eisenman based on proximity to the printing of this money i mean it's quite important to understand this because everybody looks around at this economy and they're all distressed about why the peasants out in the middle of america have voted for somebody like trump and why they are listening to populist messages and and we must do something about it and well let's shut down facebook let's shut down twitter let's keep them from communicating with each other and what they're really. what they're really feeling and why this populist uprising is happening and perhaps it's not articulated as such but this continually in effect where they're getting all the sludgy money at the end of gone through the stream of billionaires and bankers and hedge funds and private equity and all sorts of connected guys and lobbyist and all sorts of. you

know horrible people nobody wanted to work until quintillion because it describes us financial advantage also describes coming out parties or privileged society girls or cotillion. thing just to close to it depends on how you pronounce spelling is different in a song is similar you know it's a bunch of wasps there in westchester county having cotillions getting the quintillion effect finance i guess big word starting with q. is what separates the upper and lower classes of america well actually cantillon starts with. it's a c. one's a c. one's a q those together and you're in britain and you're a lawyer the queen's council the queen's constable disorder q c c the queen's concert well let's move on to the next step here in our headlines because we're juxtaposing these two headlines we're talking about the can tell you in effect we

showed you the chart of the s. and p. five hundred rising exactly with the fed balance sheets and all of these guys running around new york city and washington d.c. and san francisco and los angeles who get access to this money first they they lord it over everybody else asked acting like they is that they are that are so genius they know how to play the market that are just so clever and they deserve this vast wealth and all the people at the bottom getting the dregs of their money after it's been polluted by all that most like drug dealing you know they get the puter coquet on columbia and this time. you know whatever how to but so let's talk about the bottom once people get the polluted money people have stopped paying their mobile home loans and it's a warning sign for the economy the delinquency rate a mobile home loans has increased by two hundred basis points or two percentage points over the past year according to research cited by u.b.s. the thirty day delinquency level is now above five percent the highest level since

two thousand and five the increase in the number of struggling mobile home suggest that. a large chunk of these people have not benefited from the economic growth of the past few years despite the low unemployment level so remember economic growth u.b.s. is saying happened and these people have not benefited but what that chart showed was just there was just money growth that went to a few people at the top go back to the financial crisis two thousand and eight you know a lot of people lost their homes because of the mismanagement of the economy by the banks in the sub prime crisis where the creditors of the banks were bailed out and the debtors were left to foot the bill that's the first time in history this is ever happened a lot of those people ended up in mobile homes and a lot of people ended up in sub par housing which incidentally was snapped up and bought out by private equity groups on wall street financed by the super cheap good tilling in effect money from the federal reserve bank now here we are eight nine years later and those folks can't hold on to their properties anymore because of

the cotillion effect the value of money has debased been debased and they're experiencing loss of quality of life and own loss of purchasing power and now they're going to be booted out again so they lost their home twice once because of wall street mismanagement and twice because of wall street mismanagement and of course the groups like blackstone which own a lot of the private homes that they were able to access to relationships with the fed and the treasury to get fannie mae freddie mac's sort of big deals on buying a vast amounts of property that were defaulted on and you know foreclosed homes but in this mobile home market you have warm buffett is one of the largest if not the largest owner of mobile homes in america and you have the hurricanes this huge amount of hurricanes this past year harvey irma maria so a lot of people have lost their mobile homes and at the same time the economy has been so bad and property markets out of control in places like new york san

francisco los answer. is that a lot of middle class people are competing with these. working class people to buy these mobile homes which can only manufacture so many so there is a complex situation happening here look instant case because he's completely hedged because of his relationship and ownership of insurance companies and insurance products producing entities he can be completely hedge against those hurricanes and hedge against all natural disasters and all financial disasters and so he's not actually taking economic risk those people who are buying these mobile homes because they've been victimized by blackstone another wall street predators have no hedging available to them so america is basically hedged in on hedge country that's the way to buy the population there's a few people that are completely hedge they keep every dollar that is generated without any risk it's a risk return of assets for them and everyone else is basically taking all the risk and they can't possibly compete well they can't compete with that you know the fact

is that the fed only looks at the s. and p. five hundred or other stock indexes they only look at that and lo and behold. those indexes look exactly like them they're looking in the mirror this is like they keep printing money to keep that up they're not looking down there and they should be like oh five percent of these people are defaulting let's print the money to bail them out and said they're just bailing out these people at the top by the time and and they're hoping that more and more they're dirty polluted money trickles down to them but it doesn't and here's the polite way u.b.s. describes the so let's hear it we interpret this data to mean that these individuals have not largely benefited from these macro dynamics and may also be disproportionately exposed to industries that have experience compression rather than expansion in the current economic conditions such as retail or some areas of energy extraction so this is financial speak and bank speak for communicating to

the herd that they have successfully disenfranchised an entire generation and now they're patting themselves on the back and taking a victory lap and it's very close to in previous societies we've seen the celebration of extermination of well part of the population that's a little bit over the top but what simple one could say is u.b.s. has been in many moments of possibly being arrested or find many large amounts of money from the fed that cause the s. and p. to issue all this free money clean money to the likes of u.b.s. that then trickles down you know why are they you know all this money u.b.s. is certainly not going to say anything to the treasury about the treasury or the fed because of course they want to make sure they get a jet get out of jail or try to rationalize all the phony that they've received for free to bail themselves out and the fact that it cause economic dislocation they're characterizing it as rather obtuse long paragraph long winded they are they are

identifying a genuine situation which is the bottom are poor and the bottom cannot pay even their mobile home loans of course can they. not say it's you the fed that bailed us out it's you the treasury and the department of justice that allowed us to get away with this they can't say that because why would they because they're just going to be like targeted the next go round the next crash as we're experiencing i want to keep. a very close a closer and closer really quickly i'll also tell you about another headline and this is the similar case in south korea and that south korean millennial is are reeling from the bitcoin bust the country of around fifty two million comprises seventeen percent of all the theory and trading it's one of the top crypto currency markets especially from last summer until the end of the year so a lot of koreans piled in to crypto currencies at the top but the thing this stood

out about this article in the last minute here is one thing they say about americans and all these unemployed americans is that we don't have the right educated population we need to bring in these immigrants and people just have the right a qualifications maybe the economy would be better but this up it stood out to me about the millennial is in south korea who are have a high unemployment rate their incomes are declining they're worse than their parents' generation in this highly educated economy it could be hard for young koreans to distinguish themselves from their peers nearly seventy percent of all koreans aged twenty five to thirty four have a post secondary degree the highest of all o.e.c.d. countries so they're already way highly educated and that's what they answer the sorts like m s n b c will say well we just need to educate all these people in kansas and missouri and and coal country and places like that and we'll just be fine but here in north and south korea seventy percent of them have a college degree or higher so. they're unemployed still almost out of education but

common sense raise your mark twain it's actually about the continuing in effect oh speaking of debutantes balls of all things squishy stay tuned for the. half right after this break. lemme warhawks selling you on the idea that dropping bombs brings police to the chicken hawks forcing you to fight the battles but going. to new socks for the tell you that somebody gossips a couple of marseille's of the most important news today. on the box of advertising telling me you are not cool enough and let's go buy their product. all the hawks that we along the border will watch. join me every thursday on the i like simon show and i'll be speaking to guest in

the world of politics sports business i'm show business i'll see you then. oh hi welcome back to the concert for imax keyser buzzing it's nothing don't fight any attention well let's continue now with our conversation with valentino listen welcome back ok as i mentioned it's a great privilege to have artist of your caliber on the show now when i see you on you tube and i see you attacking those pieces and you're ripping through beethoven and you're annihilating bach and i'm thinking you know what how do you do are you conscious when you're playing or you're just like unconscious how do you do that if the same us was saying you know you get into

a zone and you are both and you know that and hope when you take your view and we go to different dimensions you know we will create a composer could either swear but what emerges but do you use all of your life experience it would have been emotional or would you leave it all because it was you or yourself to. be worth to pour your soul out if you have a story you know i have my new stories here but your story your personal story is now reflected in your performance to see do you feel more actuated i think it was a young or freud the process of self actualisation where you become your self so to speak you achieve your highest order of your own software in this you lose fear yes and then you are able to speak your soul out. of the most important thing because if you have in that fear or do you get away from the sum and then you cannot connect with people so let's get back to this whole political thing so when you're confronted with a political. kind of backlash he has to stay fearless

you must be true to your fearlessness it was to put it in you know. in a lot of people told me was that a kind you were not so kind to you but the shut up and do your stuff and then had a member. even in soviet union you know we're all censorship you know which is one of my absolute if we would have composers and human beings he was censored when he actually used to put the right in use and was bourque's because the ruhr saloon better sort of songs they would be in the lives that them can see that it would be political so he wrote puta music in which also people who claims that he could perfectly understand what he saw in that sense that ship was knowledge that's where you start something recently which i remember took note of that. the notes are basically just you know specs on the page we have no record of how they should be playing it all written before the technology to capture these performances so we

don't really know what the composer had in mind beyond his ability to make notations you know speed it up a little slower allegro whatever it is i want to sell into the music we put ourselves in context for a moment like i am and listen that is because for example you know to put it simply if you're some song and teaser her way you think that was something creepy when there was a spirit and listens to the same piece he remembers the same nice feeling but if it was here at the funeral it's different but it would be the same piece right so we would all meet in only life experience when he's thirty two very much classical musical pieces you know why why do you still listen to beethoven on bach you know was also a classical composer his work of marble busts it was there was a bit of wit in weeks but he still speaks to us for somebody and so it's because we

put ourselves into the specs. in kuwait but you are a priest to some degree you know interpreted in the words of the deities yes it was a creed. creators and you are sick and you get to the pulpit and you tell the congregation essentially that this is what this is the word spoken and the response by the public has been you know enormous you're the most classical pianist on youtube ever by a huge margin and you also have become politically involved and in the kind of subject of political debate if you will because you happen to be born ukrainian i mean that's just happened to be your your country of origin yes and the pressure was on me as a public figure to speak out you know it's not like i started doing that out of it

was if you think the clip when i was given the interview for the style section in the tyler newspaper and in the would go in saloon clinton award brisas you would saw one that was just her own way done and then asked ms interviewer but would do is think about my don i said what they think you both may done and then the i didn't see the interview and then something when the rights to me so when thinking that they'll be all in the city do you think of all of us russians that we had when i said what what did i say and she's since me she was in the early. since the headline says a buyer who came to our country they literally take some of my most and make headlines because i'm ukrainian it was convenient so it's not point i started on twitter deliberate and basically loop that inflation's in you is what the script when you and stinks good going downhill you know like many ukrainians i was excited

that they both made because they did well lucian especially when the stupid why is that in all you know people unite this is one that is this feeling some things will come out it's always a belief in the you want to be part of with and then you see things that come on let's do it in my shoe. what was hip when after and then you will like many people become the way that they saw the media in when the media was moved to disappointment to what they saw so i started them flee from what i should the ukrainian to my ear point it was only english speaking audience you know why do you come when you can the actions that i showed her and use them and then i was with you so people told me to shut up and i am good a stubborn person and they live in the truer city i thrive on the do or sit just so when i'm told to shut up i open my mouth twice as wide as the smartest thing but see if you are playing a lot or simpler music like rock music or something you could be marginalized

a lot easier but because you're interpreting the greatest music ever written and doing it brilliantly it's very hard to dismiss you but i also have millions of fulling around the globe young kids. young kids adults you know what is it you crying and i want to ask the question you know i mean i'm an expert on these topics obviously someone who was born in ukraine but when you heard the voice of victoria nuland the assistant secretary of state on the phone talking to folks in europe about orchestrating a coup in ukraine on behalf of nato so that they could protect the interests of money her husband's lobbyist group and an obvious push east to repudiate everything that was negotiated with the reagan under the cold war one that ended the cold war just a complete kick in the teeth to the peace process a kick in the teeth to anyone who seeks to have a more peaceful future how does that make you feel. that the word upset but at the

same time you have to understand that the majority of people truly believe the west . in the way it's always in the beginning when you leave that are you in the stands of these people actually some more to see in the world to. well buli to take over your positions in the company so we should you can come when you will lucian sort of see who would deserve to do is the best you know thanks with subtle and gunther wishes absolutely should do more though for ukraine because it's multi-lingual people seem to sit on from different languages that you cite interesting way to fit in the direct democracy it's an exemplary country for you crane to fall instead. different more though which is both and when that is there is a coupe years a government road and i would. like to yes yes it's absolutely it's not democratic change people are use of all this millions of people millions of people who went on way done to prettiest unpopular government because they love to be on t.v.

for unclean was a wood in the garden drip became stay teased in the school so i mean mom had been summoned. from saudi arabia as you know there openly slaughtering yemenis children is just sort of a african hero it's a double standard double standard all or one of the police you know when coverage isn't good just in humanity as long as they are in our site just to help me understand so when i went after made during made and then the allegedly this group of brigade is as obtaining ministerial positions in ukraine allegedly they have ties to neo nazi parties. is that a fair statement what's going on there you know again it's a question of double standards you something happens and charlotte's reels are not just everybody screams or you know who all looked out of seven knots or straight in

so you don't see a legit there and use them but wince things happen in ukraine and you know us all for right see act of civil war the party is that millions of those think what people say would you know but support is really too small to get five percent of the lip. actions and also you knows that militarily you a little all with the same but it would mean you know walks as a duck this people walk in the. air you talk like a dog in this people talk of both as a nation that you see just as a new putting in being subhuman to kill them to get that he loves them russians it is that i do see meetings that peoples can get in people so it talks like a duck you know. what yeah you know and he was fully on board yes when you have disgusting us on the way to ukraine coursed walker says the converse. is

a criticism of ukraine because then you build this. as this nation these but that's like. so what good will it's. very impressed great having you on the show so to give you a little background of course you you are not a lot of performance around town after being invited there for political reasons basically and my understanding is that you follow that up with a concert and don't boss young was invited to dinner bus off that i became. so you have to get in this is in the ukraine you have to go in there through soviet union and on the front line the soviet you know if you want a cold war on the soviet union. was alliance your goal for them what i should say in this was like my first well i'm streaking is like victoria nuland yeah i'm channeling victoria nuland you had to go through the soviet union you had a tunnel your way through the wreckage and the detritus of a communist colab to get to dumb boss but i'd like bread lines. and

you perform your wicked classical music yes i'm eating the charities because i'm one ukrainian security so it was his black least of like. towards. and seek you quite a few. people from afar so i cannot go. to you know. mainly in the ukraine because i would be i guess that the media is ukrainian see it doesn't so i can want to go right into the boss and when they play that i played the same one in the second concerto there were fifteen thousand peoples it and you could still hear their open point and this people you know playing got a cut off their cars are out of time but thank you so much for being on the show rarely do we have someone with your guts you got guts unlike all these other and fingers right on well if you want to catch the other side of the story about as off for a good please check out the glowing profile in the guardian newspaper over there in

the u.k. that's going to for us here on the kaiser report like to thank our special guest valentino elicits a and if you want to catch us on twitter it's kaiser report and so next time by all . twenty eight team coverage we've signed one of the greatest goalkeepers of all but there was one more question by the way who's going to be our coach. guys i know you are there was a huge star and a huge amount of pressure come out you have to be the center of the poll we would you. agree. you are the rock at the back nobody gets past you we need you to get let's go.

alone. and i'm really happy to join us for the two thousand and three of the world cup in russia. this special one was also appreciated. just like the radio. the latest edition of make up as we go. vote. but politicians to. put themselves on the line they get accepted or rejected. so when you want to be president. some want us. to go like this it's like the full story of the people. i'm interested in the lives of. those should.

well. this is the pat on the land. five years ago it was all grass. like that over there now and this is comfort zone day in day out we didn't have any choice really we could have put it over that way or ways i mean we could have moved it a little bit. but we have to let the people that own the mineral rights get to those minorities and they compensated us for what they took here but the company built it and we have it now or no next forty years i'm guessing i don't know. my house up there i'm there we have we used to have a beautiful view. now we have this to look at brings in a little bit of money. very little if they took us out of here and give back all of my.