tv Keiser Report RT May 5, 2018 10:30am-11:00am EDT
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design distended payments made services requests from my client and others but now com is free no criminal charges no trial and no explanation why now at this point perhaps we can assume that the law enforcement agencies know what's best for the public and just don't feel a need to share their secret collaboration with the worst of the underworld kept secret so you can sleep better at night. r.t. new york. well r.t. has requested comments from the us federal bureau of prisons concerning khan's release and will update you when we hear a response. one screen area close to the french capital is now under tons of illegal waste but clearing up the problem is proving difficult for the off thora to use and even more frustrating for the locals.
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disease and we believe the politicians simply do the job so they protect the lines today though we can say that to take. today marks the two hundredth birthday of renowned philosopher and economists call marx for better or worse his profound ideas have often impacted and shapes the global political landscape and remain as divisive today as they did during box's life our europe correspondent peter all of
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a visit to his hometown on the eve of celebrations that. germany is commemorating one of its most famous sound controversial think is saturday is the two hundredth anniversary of the birth of the author of the communist manifesto karl marx to say that his ideas of class struggle and the overthrow of the ruling classes by the workers were andro main divisive here well that is beyond understatement marx's ideas were truly at the root of the ideological division between east and west germany post world war two but that's not stopping his place of birth tree in the south west from hosting a series of events to mark his big birthday bash. it
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surprised many when it was announced that the guest of honor at the big party in trio would be sean claude younker the e.u. commission president hardly house proletariats credentials in fact the former prime minister of luxembourg has been accused in the past of exuding the worst excesses of the bush was he so perhaps mr younger has been a closeted common rate of marx all these years marxist mish con marx is not responsible for all the atrocities carried out by his followers and his writings does capital and the communist manifesto change the world as we know it so marx's name and image has appeared all over the place from a major street here in the german capital to these t. shirts you can even save your capitalist pennies inside the heads of one of
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the nineteenth hole for that matter the twentieth centuries a recent poll of people from twenty eight different nations showed that hall for them said to get a better society we should follow socialist ideals however it is worth noting that in the same poll around the same number said that political systems based on the writings of these two were far more likely to be oppressive the people of what they thought those mosques have a place in today society and politics so when it comes to politics like maybe you use it to get votes but it's now very early like that ideology and it has never been practiced so it doesn't exist and not only like about. economic inequalities but also other types of inequalities that could be used like they could use marxist theory to be examined more in today's culture capitalism. seals
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labor from people from the workers. from from our point of view. it's so important you don't my dear is not good and important but that's nigeria utopia in reality things in our differently at marx's funeral in london eighteen eighty three angles said of his friend the greatest living thinker has ceased to think well that may well have been but two hundred years after his birth the ideas put forward by marx continue to inspire others to think peter all of a r.t. berlin a second state in america could be about to have their schoolbooks swapped in favor of ones that highlight the history of the l g b t community more on that off this break.
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the global economy is so tightly wound that these sanctions don't work like they used to because the supply chains are completely overlapping the what is sanctioned in one country drives economic problems and another country that you're not trying to say suffer get sanctions or spell longer walkable that the global economy has to come to integrate it too fragile it's too. interdependent.
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welcome back schools in the u.s. state of illinois might soon have to change that curriculums to teach more about the contributions made by the l g b t communities in u.s. history they were called figures will be given more focus in subjects ranging from science to sports a similar move was already taken by california last year the bill still has to be given the go ahead by the states house of representatives but it's already got plenty of talk. it will promote acceptance and a more accurate portrayal of history. it is in direct contradiction to the clear judeo christian beliefs of many in illinois. the issue further his media commentator gina loudon and human rights activist peter tatchell. it's very important people understand the contribution that gay people of made i think is
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about informing straight kids so they understand bt issues they their prejudice is broken down if a history book or any book whatever write about me personally i wouldn't want them to leave with my religious background my ethnicity and certainly not my sexual orientation fantastic extraordinary people from tchaikovsky to richard the lionhearted their gayness or their bisexuality is not the major factor but it's just about acknowledging that the people have existed throughout history and have made a very important contribution to the sciences the arts sport and culture well i think in an effort perhaps to be inclusive we've made a mistake a mis estimation if you will and what's happened is that a lot of groups have been taken advantage of by politicians who are willing to prey on people based on those identities i think that you know identity politics has
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been a response to exclusion because of decades of exclusion and marginalization some communities of how to organize it hasn't worked and what it's done instead is it's divided us up into little groups that then can be taken advantage of by politicians and jews right we don't want to be typecast about the fact that we're jewish all day all black those are just one aspects of who we are but in some cases those are the aspects of who we are which other people target for hatred and discrimination my concern begins and ends where government gets involved in deciding who is relevant who's not relevant who is more relevant and then dividing us into little groups because when government has enough power to do that they also have enough power to take that away. pentagon has admitted that u.s. soldiers are directly helping saudi arabia protect its border with yemen now solve the u.s.
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officials that the military's role was limited to sharing intel and refueling saudi aircraft. the not involve relationship between the u.s. and saudi arabia it's true past here and you're helping with the security there or . that is her mission. to you but do support the saudi led coalition with intelligence your military advice and logistical support a priority is the fight against al qaeda in the arabian peninsula and isis in yemen the extent of our support is refueling and sharing intel so american reports on the pentagon's mixed messages concerning its role in yemen conflicts. this latest development contradicts the pentagon statements that indicated that u.s. military assistance to the saudis in yemen was limited to intelligence logistics and aircraft feeling but so far what we do know is that a team of
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a few green berets apparently arrived on the south of the u. many border sometime last year and according to the pentagon they've only been there to protect the border however reports suggest that they've been helping them destroy people is to launch sites and it's worth mentioning that even though this war has been going on for a few years saudi arabia hasn't been successful in quelling the hooty resistance so it's fair to say that maybe u.s. involvement will help the saudis do just that but thanks to the saudi onslaught the conflict in yemen has morphed into the world's worst humanitarian crisis and there's been some domestic backlash here in the u.s. and american politicians have been pushing to and u.s. support to the saudis but this latest development might lead to a messy legal battle given that there was no public debate on whether the u.s. should get involved because it seemed as if it was consciously kept from the public so i honestly wonder how americans will feel knowing that their government could be indirectly fueling the world's worst humanitarian crisis and that includes american politicians who were questioning washington's indirect role in the conflict even
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though there was no direct military support so it'll be interesting to see how they react to this. cultural appropriation has become an angry trend on social media with one recent case targeting a teenager's photo of himself and the chinese stress altie online project in case you missed it looks at how expensive it really is to appropriate one's culture. young. a young girl just enjoying high school prom no thank case you missed this picture is the moment that civilization went just too far. cultural appropriation or appreciating stuff from other cultures may seem like a completely made up full bloom the kind of thing it's not worth. but are we really
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going to believe that innocent young the traditional chinese dress just so she could look nice when i'm angry guy on twitter who had never met the teenager and probably shouldn't be looking at strangers social media feeds smirk when he said my culture is no no goddamn progress but mr angry is a chinese american named jeremy lamb who one would expect would know a thing or two about mixing culture is if we don't all pretend to be outraged right now where we're like as he is of this world stop we will start to eat chinese food as if it a new thing when they start using goods made in china in everyday life china's culture is not your god damn i thought what about indian. food from the simpsons he's going under the radar for thirty years but is now finally being criticized by one guy who can't just take someone from another culture and affectionately turn them into a much loved pawns of the most successful show of all gone i'm groundskeeper willie
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scotland how are they getting away with that so how do we stop this before we end up in the nightmare scenario where different cultures learn about appreciate and accept one another start with your half but say no to inappropriate appropriated styles i don't off shore boldness risk ernest's but what are they going to do speak like you. well grandma speaks dove's grandma runs you dress party it's just not worth the risk yo girl stop it if you know india and you stole it i'm gonna have democracy and elections and stuff like that tough the greeks want it back tracking a computer that's russia's so backoff comrade really there is only one option that will make us happy segregate culture has build walls and stop sharing ideas or just drink a cappuccino in a camaro and see if they can take it. all
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back at the top of the hour with the latest headlines. for a world cup twenty eight team coverage we've signed one of the greatest goalkeepers of all time but there was one more question and by the way it's going to be our coach. guys i know you are nervous he's a huge star among us and the huge amount of pressure you have to go i mean eight percent of the poll we are with you and you go through all the great game the greatest game you are the rock at the back nobody gets past you we need you to get the ball going let's go. alone. and i'm really happy to join the for the two thousand and three and world cup in russia meet the special one it was also appreciated me to just read the
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review beyond the team's latest edition to go up as we go. to jersey. so what we've got to do is identify the threats that we have it's crazy on sunday shouldn't let it be an arms race is on offer and spearing dramatic development only really i'm going to resist i don't see how that strategy. very critical. tom.
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i am alex kaiser this is the kaiser report the robot taken over yet there's still room to appreciate nature in all of its glory and in all its wonder just rub the bark against my skin and. seal nature i think to become one with. with. the heavens and earth the sea. max. i think you're scaring everybody they were they've tuned into some business journal fashion listen to full. anyway you know actually bring up nature and i saw the adam schiff this past week is that democrat who's big on russia gate but he came out and said that because of donald trump's irrational and basically unpredictable nature kim jong un has come to the negotiating table and there could be peace in the korean peninsula but you know i also want to look at another story
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relating to donald trump and his arrest is unpredictable nature and that is in terms of the sanctions that were placed on. in the aluminum producer if you're in the u.k. the l a mini i'm producer that that the unpredictable nature of setting up barriers or a downs in the flow of commodities and free trade is often unpredictable as he found out e.u. hit by massive aluminum shortage chunk considers easing sanctions this is from year zero intelligence and michelle locke is talking about it and they point out that the big story over the weekend is the clear and present danger that u.s. sanctions against russia pose for europe's manufacturing industry the f.t. has the story that the e.u. faces imminent supply sorted dj's of raw aluminum an aluminum oxide one of the company's targeted by the sanctions as the russian aluminum supplier which the e.u. depends for its aluminum supplies the price for aluminum have skyrocketed in the
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last few days as shortages are becoming acute it sounds like the illuminati. well you know the global economy is so tightly wound that these sanctions don't work like they used to because the supply chains are completely overlapping and what is the sanction of one country drives economic problems in another country that you're not trying to sanction so forget sanctions as the longer workable the the global economy has become too integrated and too fragile it's too. interdependent on each other big just like the forest just like the ocean just like everything i think what i think yeah i mean that's the point is that since the one nine hundred ninety s. early one nine hundred ninety s. america has led this empire basically of global trade and its attendant on globalization and supplanted on you know we're also entering a trade war with china for example in the fact is that a lot of goods around you huge percentage of consumer goods in america come from
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china so part of our power as a nation king from opening up markets around the world but then we also see the fragility of having nationalistic policies it's not really possible to have nationalistic policies in a day and age of hyper globalization where chain supply chains are so wound together and so last minute not so much unpredictability that is an asset because it forces everyone to adapt in real time into think and be present in the moment remember that blind faith is predictable and it leads toward dead ends of predictability whereas having more doubt and the more science based mine results in more of a multitude of solutions that's what's kept humans spinning for millions of years that's what keeps life going in the cosmic dimensions unpredictability
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mutations drive evolution not the same. cycle of predictability that would create monocultures and evolutionary dead ends stay cis and death so trampas political equivalent of the duck billed platypus that arrives on the scene to baffle us all and yet survives in the wild i'm going to say that word. and i know our british viewers and we have many of them are going crazy now at me saying aluminum aluminum aluminum over and over and they're diving . is is the word used to describe the white of an egg it doesn't refer to a base metal or a commodity brits are know nothing of the english language they're the only people that use that phrase so such bottlenecks are evidence of the acute dependence on
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both russia and the us even diplomats are now begging the trump and ministration to exempt aluminum from the sanctions france is leading an effort by e.u. countries to get the us to ease a sanctions against moscow and also the article goes on to say that the e.u. is also heavily reliant on china as well i saw an article by the way this past week where the china has a new. they actually loaded up a train full of cargo from china and it's now the first time going across by rail and that's going to basically cut like two weeks off or three weeks off of the delivery time transport time sanctions against russia were a figment m.s.n. bases imagination and the propaganda speech by rachel maddow that's now all been discredited and debugged in the wake of the russia gate hoax which is now widely understood to be purely a trick to confound americans and disappeared and yet another one but the nature as we're talking about the nature of
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a free market globalized system is that you can't have barriers it can't have censorship you can't censor you can't create a swift global financial system based on your dollar and want the world to have a u.s. dollar standard for example and then start saying no we don't want you to participate no we don't want you to participate and that person can't actually exclusive yes i either want to have a global trade system with a dollar reserve currency or you don't you can have selectively pick sanctions that would create choke points in the dollar reserve global currency that's what i'm saying right that's true isn't. well free market system is not a financial suicide bomber like jamie dimon he's more of a global trade guy i think i've got a what he's. got a woody i mean i've got wood i mean i've got what. they call that stuff after that you can throw it away because i love causing any trouble right now to think people are tired of that right now i don't see why they want to move on. no tone for mother nature. so i'm going to move on to you know we were talking at the dollar
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and a lot of the dollar has facilitated enormous debts you know the u.s. is going to have a trillion dollar tree deficit you know fiscal deficits for the next looking out onto the horizon is going to be a trillion two trillion soon but you know right now while the going is good everybody is loading up on junk debt and junk that is still we still had an easy time last week a member last week what we saw was the ten year treasury yield soared to overthe to three percent were for the first time in a few years and yet jumbo market had an easy time netflix raise billions more than they expected and that was it and they have. put it onto their pile of eight billion already in debt you know to fund all the content that we're watching while sitting at home well here's another article from wolf about the junk bond bubble peak bubble for junk bonds says we work bond sale the junk bond market is still in total bubble bloom simply ignoring the bloodletting in the treasury market that
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pushed the ten year yield to three percent finally for the first time in over four years but investors are lusting after higher yields and companies are taking advantage of them while they still can which makes sense particularly if it's a unicorn with long term lease obligations up out the was to whose net loss which doubled to nearly one billion is bigger than its revenues so they did a five hundred million dollar bond offering there's a lot of crazy data in here but you know in terms of this system this nature of the global financial system and trade system which we've been. talking about on two sides of it are the u.s. and china and those two as the i.m.f. pointed out are the biggest debt monger in the world and ask leading rapidly and you have these two sides of a perhaps precarious ends but that's why you want in order for a more anti-fragile system maybe not to have so many barriers and sanctions and and restrictions and censorship in the way of that so that the global financial system all right well i mean to your point about interest rates if in fact interest rates
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are on the way up and the ten year treasury bond is over three percent and heading to a more normalized five or six percent then junk bond market would head to a more normalized thirteen to fourteen percent yes from the current five percent so these companies like we work or netflix are trying to lock in cheap money now before it becomes a lot more expensive but as you point out in the case of we work they have a long term lease obligations so if in fact rates spike and the economy slows they're not going to be able to fill those properties up with tenants so it doesn't matter what the price of junk is because they will be driving no revenues and they want them to service the debt at any interest rate we saw that in the two thousand and seven two thousand and eight crisis is a lot of these banks like goldman sachs were borrowing long and lending short overnight all these like junk bond basically entities and they ran into a time when there's a mistake that banks make is that this is the bane of banking is that you don't know how to handle your maturity. book written risky risk associated by
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being exposed to different points in in the curve along the from you know overnight money out to thirty year money so if they're just applying that to we work it's a high risk real estate play disguised as a startup. but once they reality hits the fan it could implode and that flex is spending billions on content assuming that you know that that they will be able to increase prices. to account for the increase in debt service which so far at this moment it's not able to come close to however the stock is trading at hundreds and hundreds of times earnings which is typically not a great thing going back to this we work really stay is very illiquid it's an illiquid market and that's part of why we saw all the hyper financialization that happened in two thousand and seven to two thousand and eight based on the sub prime
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market is you solve that problem of the maturity thing is like these thirty year mortgages were packaged into c.d.o. is that we're swapping in a changing hand overnight like several times here we have the same thing they're trading like dot com companies though in this paragraph here we're remind you of your dot com days the prospectus for the bond offering from we work obtained by alphaville on the f.t. points out that revenues jumped by one hundred three percent twenty seven thousand from a year earlier to a hundred eighty six million and that the total expenses jumped one hundred eighteen percent to one point eight two billion based on this well established unicorn strategy the net loss in twenty seventeen jumped by one hundred seventeen percent year over year to nine hundred thirty three you know they have to spend two dollars to gain a dollar sensually and revenues amazon you know they have lost money for years and years and they now own the market and that's the strategy so we work on netflix or apple or these other.
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