those cities to mostly the cities where locations like here in moscow. approved by the authorities as we saw some people being detained by the police to mostly those who are trying to block the streets. the german political theorist karl marx was born exactly two hundred years ago and his ideas on revolutionary socialism are still a source of fierce debate across the world our europe correspondent peter oliver went to the city where marx grew up. germany is commemorating one of its most famous and 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 and remain divisive here well that is beyond understatement marx's ideas were literally 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 surprised many when it was announced that the guest of honor at the big party in tria would be showing 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 con marx is not responsible for all the atrocities carried out by his followers 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 penny just inside the heads of one of communisms founding think is marx has also appeared in more than. share of t.v. shows and advertisements as well. oh come the bad sweetie at dad. mars summers are calling the list.

to. get. the ideas put forward by moxy alongside frederick angles however being consigned to 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 i asked the people of what they thought those mosques have a place in today's 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. steals labor from people from the workers. from from our point of view. it's still important that my dear is good but it's not utopia in reality things in the differently at marx's funeral in london in one thousand eight hundred three angles said 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 mach's continue to inspire others to think.

we heard from philosopher and cultural critic. about how marx and his works are understood in the modern world is that we all heroes here almost this fame is very ambiguous you become a cult figure a week means people don't really starve you don't really review and so on and so on marx to prevent him as an idol not only doesn't take marx seriously but also avoid confronting problematic in mosques his description of the movement of global copied over the growing between the poor and buried and so on and so on need to very actuality but the conflict is totally different he was as the thread and i in the wrong way mark's obviously big and. well loved but a great field of state power what he thought state is such as take just

a second diety superstructure of thinks really in economy already in the soviet union it was prudent if things don't work like peace states place a much stronger so different stuff today. to be a critical marxist to focus on problems which are going to get that by marx like their own state by our economy itself. activists in scotland are calling for a second referendum on independence that story much more after a short break stay with us.

the global economy is so tightly wound that these sanctions don't work because the supply chains are completely overlapping the what is the one country drive economic problems of another country that you're not. longer walkable the global economy has . to. welcome back. international thousands of people took to the streets of glasgow on

saturday demanding a second referendum on scottish independence from the u.k. . i. the march was led by a movement called under one banner which held a similar event last year around eighty thousand people showed up which twice. the organizers were expecting in september two thousand and fourteen scotland voted to remain in the united kingdom with the better together campaign winning by fifty five percent to forty five but according to jonathan shafi from the radical independents campaign support for independents has risen dramatically and. what's fascinating about steve's demonstration is that it was not organized by.

no organized by unions or. organizations in town it was a grassroots something from the communities the length and breadth of school does the job of to march through was the day so that tells you something that gives you an indication of the feeling in the country not only for another effort into making their support for the refrig but actually will you be willing to teach this jeep's to make their point to raise their voices in favor of referendum i think just so you know it's potentially a sign of things to come. the rest i mean notorious drug lord a decade ago in afghanistan was heralded as a devastating blow to the taliban but now john mark has walked free from an american prison caleb martin has been looking into the case. here at this correctional facility in manhattan you've got some very dangerous criminals you've got the mexican drug kingpin knocking el chapo guzman furthermore you've got the

terrorist suspected of driving his truck into pedestrians here in manhattan back in two thousand and seventeen but one rather famous inmate the afghan drug lord haji juma khan recently checked out and no one knows why khan was first arrested back in two thousand and one as the usa began its operations in afghanistan however he was almost immediately released and from there he went on to set up a criminal empire known as the khan organization he was watched very closely by the u.s. drug enforcement agency the cond organization arrange to sell more than base nuke them durable to that can be processed into heroin in quantities is launches for two tons enough to supply the entire united states heroin market for more than to use now it's also important to note that in afghanistan he became friends with the d.e.a.'s top man in kabul he described their friendship as crucial and getting information he was a major player in the global herin trade and our aim was to consul the supply of

money from open kingpins like him to the taliban and terrorists such as oh kind he was an unofficial spiny and he gave us useful information that we passed on to the military at one point in two thousand and six the da chief in kabul got so close to his drug lord buddy that he was worried he may have cancer he arranged a trip for him to the united states in order to get treatment one day i notice is that it grew from his chest i thought it might be cancerous as i previously had a melanoma concent and showed him my scones i offered him treatments in d.c. and we went out was a fool i was hoping friend bruce who is way of building trust the friendship soured in two thousand and eight when he was learned to indonesia arrested by interpol and then extradited to new york city once he was locked up ten. trial of the d.n.a. then publicly linked him to terrorists proceeds from hundreds of mcconnell global drug trafficking organization funded the terrorist activities of the taliban he's

arrest is a significant line of credit to the taliban that will shake the foundations of his drug network and has moved message quantities of harim to worldwide drug markets ever since that time everything related to khan's case has been completely sealed in two thousand and ten the new york times wrote about his long standing friendship with both the da and the cia prior to capture at the time neither agency would confirm or deny it unlike his lawyer several law enforcement agencies from the united states approaching people in afghanistan including mr khan and requesting assistance and assigned to stand it payments made services requests from my client and others but now come as 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. the teenager in the u.s. state of utah recently found herself at the center of a twitter storm after she were trying to use drugs to her school prom parties online series in case you missed it try to figure out what is behind the concept of cultural appropriation yeah. oh you are. 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 problem the kind of thing it's not worth. but are we really going to believe that innocent young the traditional chinese dress just so she could look nice when i'm grey guy on twitter who had never met

a teenager and probably shouldn't be looking at strangers social media feeds spurred her when he said my culture is not your goddamn problem for us 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 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 children a aptitude for 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 blondes of the most successful show of all time groundskeeper willie 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 say no to inappropriate appropriated styles cut it all off shore boldness risk ernest's but what are they going to do. your grandma speaks snoop dogg's grandma front you dress. it's just not worth the risk yeah you gotta stop it if you're no indian you stole it i'm gonna have democracy and elections and stuff like that tough the greeks want it back hyping it computes that's russia's. really there's only one option that will make us happy segregate culture is build walls and stop sharing ideas or just drink a cappuccino in a camaro and see if they can take it. literally as i guess you're watching our two international stay with us we'll be

back in about thirty four minutes. we're. going.

to keep. put him lives by two things by his emotion and he has said. in the long piece and he plays a very long lead he says so to speak both of long distance rather in politics and that's the way the underestimating. seemed wrong. i don't know just don't call. me. yet to shape

out of disdain for conflict advocate and engagement equals betrayal. when so many find themselves worlds apart we choose to look for common ground. i am max kaiser this is the kaiser report the robot seven 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 feel sheer nature i think to become one with. with. the heavens and the earth the sea.

max. i think you're scaring everybody that 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 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 dams 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 michel block 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 companies targeted by the sanctions is the russian aluminum supplier roussel which the e.u. depends for its aluminum supplies the price for aluminum have skyrocketed in the last few days as shortages are becoming acute it sounds like the illuminati. get that 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 dialogue or workable that

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 when 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 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 supply chains are so wound together and so last minute moton some predictability 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 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 if 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 both russia and the u.s. even diplomats are now begging the trump and ministration to exempt aluminum from the sanctions france is leading the effort by e.u. countries to get the u.s. to ease its 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 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 determine 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 picked sanctions

that would create choke points in the dollar reserve global currency that's what i'm saying right that's true is. well free market system is not a financial suicide bomber like jamie diamond he's more of a global trade guy i think i've got a what he. 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 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 the fiscal deficit 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 a 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 pushed the ten year yield to three percent finally for the first time in over four years but investors are last thing 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 due whose net loss was double to nearly one billion is there then 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 taught. 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 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 on 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 as 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 risk the risk associated by being exposed to different points in in the yield 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 start up. but once they reality hits the fan it could implode and that flicks are

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 yet that enable 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 market is you solve that problem of the maturity thing is like these thirty year mortgages were packaged into c.d.o. is that were 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 eight 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 our netflix our apple or these other companies they are willing to take this enormous risk that they are going to burn through more money than they have could ever raise to gain market share it works until it doesn't work you have amazon netflix are genuine dot com companies this is the real estate company which has huge elisa's long term leases whether or not that's going to write it's like any lampard over at sears yet thinking is going to be the next warren buffett because of a retail foundation not understanding that warren buffett is a.