the three survivors are women and are in hospital one of them was being operated on the others are being studied their case is being studied we don't know yet but we will know soon. they have promised a full investigation top cuban authorities were on the side on the scene of this tragedy the president himself president. has just been sworn into office he was there the minister of transportation was there everybody was there trying to help and figure out what happened it's a tragedy by all means it's a local flight a passenger flight that airlines had leased from a mexican air company global air i understand is the name and on the crew was a mexican crew also. but a very very sad situation indeed a boeing seven seventy with more than one hundred people on board. so what looks like becoming italy's next coalition government has unveiled

a radical program designed to alter the course of italian politics it's something that could cause concern for the european union as donald quarter explains brussels are sweating a bit more than usual these days and it's all because italy's new euro skeptic government doesn't intend on playing by the rules it is important to abide by budget discipline and especially for regionally to continue to reduce the deficit it is important to stay on track. being a good to tambien also means being a good european citizen it needs to be repeated out loud especially now the left wing five star movement and the right wing northern league party formerly fringe now turned government majorities are promising italians a government of change confronting the e.u. on immigration austerity and taxation from europe we have the unacceptable interference but underlip that officials now is the time for legality secure its

you and push backs with courage we will succeed in returning citizens the rights and returning its elites who plays on the european stage the new government's plan for edley and europe is everything brussels doesn't want people before economic obligations as a senior official of the northern league described it they're demanding a debt discount an expansion of welfare programs and a reduction of taxes which would be a big blow to the e.u. as wallet italy is also telling brussels it's had enough bearing the burden of the migrant crisis on top of that they're challenging something that's been a constant in the e.u.'s foreign policy for some years by saying drop the sanctions against russia last time brussels saw a similar rebellion was when an anti-establishment party took the reins in greece when an anti austerity sarees a party came to power what a headache it was for the e.u. and me agreed to disagree as the judges said we didn't reach an agreement it

was never on the cards that we would. we didn't even agree to disagree from where i stand but the greek experience could hardly have been considered a win for euro skeptics series about under pressure and agreed to a renewed austerity program in italy it seems both parties of the government coalition are getting along so far after they finalize their program they'll just need approval from the italian president if approved it would be the first e.u. founder state to be ruled by a euro skeptic government and that's starting to give brussels bigger worries than it originally had we have to brace ourselves for the worst scenario and the worst scenario could be no operational government as if the absence of a government in italy seemed bad enough for the e.u. it could be soon contending with a major member state in all out rebellion donald quarter r t. well the

stock market reacted negatively as the program concerns a number of radical economic proposals and we spoke to a representative of the now likely center right coalition we came to the point where the final contract that is included in the most important things from the two parts we need this to come down and also the country and be able to stay in to do you a piano you know in this way we are very focused on. democracy three that low we respect our alliances we want to be part of the e.u. . being stronger as. so i could have you with us today here so far on the program on t.v. so with the world's media gushing over today's royal wedding in windsor we take an alternative look after the break.

global war was still you on the idea that dropping bombs brings police to the chickenhawk forcing you to fight the battle is going. to do socks credit tell you that so be gossiped a couple of worth while for the most important news today. while i'm off of advertising tell me you are not cool enough to buy their product. as all the hawks we along the border will want to. trade wars don't make any sense because the only way to keep these countries dependent on the dollar is that they have to export to the us in exchange for dollars because they need dollars to be part of the global economy and so when you go into a trade war and you cut that off you kill you you put a gun to your head and commit financial suicide by killing the dollar which is what the company ministration seems hell bent on doing in the months.

good of you to join us today for the program a big day for britain today as prince harry is marrying former t.v. actress meghan markel but with the world's media gushing over the royal celebration . slightly less referent look at the wedding of the latest episode over in case you missed it. in case you missed it mario noted a and this is a marriage that looks like it will last the average length. britain's prince harry marrying american actress american model gives them slobo media a reason to pretend that no one has ever heard of a wedding before on the public

a chance to get angry about stuff they could not it's about the setting for the ceremony is it wins that cost though it's been described as a humble settings and westminster abbey yeah it's just a humble. one truly impressive is signaling turn off thousands will be coleman is i mean around inside the grounds of the cars still nowhere near the actual ceremony that is how they're in missouri boston people from a range of backgrounds should be herded in like i know result has been unconfirmed reports suggest that at least one class and from every trace that prince philip have insulted will be represented gates will be treated to a sausage roll and a cup of tea but they want to bring their own picnics as well so they don't parse out before seeing one true privilege looks like up close but not to this also you'll see will cost an estimated twenty thousand pounds but for the lucky people

feel too spoiled they need to remember that the number the number of real guests are going to be eating inside the fifty thousand pounds price there is where they're getting their room service magen go anyway well a little been made of the fact that she and the. but. there was only lucky to have the world of the swimming copulating a very shallow gene pool. they need some outside help maggie is described feminist which she'll have plenty of time for now being let down by the husband. how he now is whining and hugging the great on what sarah's mom says to. take questions posed by the media. the morning save it from a lot. of money. magazine kate. is definitely what you can mag and. anything she likes she's going to be

a princess. princess. it is already international now the u.s. is refusing to support an international probe into the mass deaths of palestinians on the israel gaza border i was voted against the plan at the un human rights council and u.s. ambassador nikki haley gave a statement suggesting the u.n. has more important problems to deal with at a time when we need to or dictatorship iran imprisons thousands of political opponents and ethnic cleansing has taken place in burma the un so-called human rights council has decided to launch an investigation into democratic countries legitimate difference of its own border against terrorist attacks it is another shameful day for human rights recent protests in gaza have seen fifty eight killed that's according to palestinian health ministry with israel being condemned for its

actions turkey's president out of the one brought it made genocide against the palestinians while the iranian leader hassan rouhani called for a united muslim front to stop israeli crimes. and the rallies continued on friday with thousands gathering along the border fence local journalist a hindu was the. palestinians are here protesting again it's the second day of ramadan oh one. five years the e.p.a. gas is spending the place they have been firing tear gas as sent the beginning of the protests. we also heard a lot of live ammunition sense the beginning of the protests if we get me out that i mean it is we're starting to get affected by that's here gus palestinians came here today to come great are the victims killed and injured in the past app past seven weeks where at least one hundred five palestinians have been killed in the

quake much of which aren't and at least eight thousand palestinian protesters have been injured by live in munition tear gas canisters rubber bullets and other weapons and there's already forces have been using the israeli army commented on the recent clashes via twitter saying that us troops had responded to rioters throwing rocks with riot disposal means on fired live rounds quote so actively by this weeks i gaza violence was fueled on choose to have by the anniversary of nakba a day that symbolizes the displacement of the palestinian people we spoke to a palestinian witness of the first jewish settlers arriving on the shores of what is now israel.

well if any and the number of palestinians killed or injured in israelis is horrifying most of them civilians have nothing to do with any military organization they just want justice and true turns their ancestral lands which are occupied by israel they want the world to know about their fight for justice the protest is run on if the israeli army had not reacted to disproportionately they could have been some form of agreement people would have just gone home all the decisions on the

palestinian problem made long ago and in un resolutions if israel agrees to comply with them there will be peace in palestine. us president donald trump has been accused of racism in the media but it turns out his comments in this case were taken out of context. we have people coming into the country trying to go shopping. we're taking. your people. your animals. i want to share what trump said yesterday when he was talking about sanctuary cities in california these are animals i'm a lot more. immigrants animals and it is a very slippery slope when you start i think people. it's what slave owners it's not what americans do. now i says the only law

enforcement agency that can use our databases to find the bad guys. who think you're. in this there are no no no i think there's pressure and. people coming into the country trying to go shopping. we're taking people out of the tree you wouldn't believe the street. people. your animals as is his way took to twitter to lash out against the media who had taken his words clearly out of context. published retractions and apologized to trump a political cartoonist ted rall says that some media outlets simply have too much of an agenda. the credibility is very hard one whether you're an individual or you're in a good organization and it's very easily lost and it hurts me i think and many

people in the world of journalism to see these media credibility being squandered this way i mean what's even more disturbing is that you can attempt to do a good job as a journalist but you're smeared entire nish by the behavior of organizations that are pounding their preexisting narrative whether or not the facts bear that narrative out there's nothing wrong with developing a theory about what a story is or who is behind it or where it may lead in fact if you don't do that you're probably not going to get very far but you don't start with that theory and then just pursue it till it dies forever and ever and then keep going thanks for sharing a day with us here at aussie international we are back soon with ball. seventy

four design submissions. seventy thousand pilings. two. hundred sixty nonstop days of work. a russian. and a russian stuff. show you how. the crimean bridge was built. witnessed the construction of a unique transport. that will help out of crimea. most of those you know while google more familiar with it a bit but. twenty

eight team coverage we've signed one of the greatest kill people. 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 and a huge amount of pressure you have to go meet the center of the chappelle with you and do all the great. good you are the rock at the back nobody gets past you we need you to get down there we go. alone. and i'm really happy to join the fall of two thousand and three in the world cup in russia. the special one was also appreciated meets just like the radio the aussie teams the latest edition make it up as we go. but.

we have to judge countries are trying to lead their set directives. so we need more objective but the reality is. you know media tries to get the facts but also leave. their worldview so this is where social media and direct communication comes in unfortunately it's sometimes called fake news to sometimes yes but it's sometimes actually a different world feel that they just fake news by powerful people.

welcome to a special episode of redacted tonight i kicked out the live audience for this one because this is just between you and me and i couldn't i couldn't have any of those people getting this information to suite so that i'll be talking with the man who made and is a reign of pro-war pro corporate mainstay nancy pelosi and who doesn't want to see her pack a bag i'll be talking with congressional candidate shot his boots are in the second half but first i talked with the author who has written a book so dangerous that financial websites and finance shows and blogs out there want nothing to do with them they banned him from their comments section tang lew has revealed just how our stock market is the dictionary definition of a ponzi scheme and as you all know ponzi schemes are frauds that end with

a lot of people getting royally screwed if this information becomes mainstream it alters the d.d. entire engine of our economy that is creating an unlivable planet anyway here's my conversation with tom lew i fond thanks for being here highly thanks for having me no problem congrats on your great and easily readable book the ponzi factor i thoroughly enjoyed it let's talk about what people start so let's start off by talking about what people think the stock market is or most people i think most people think they're investing in a company and they get a small piece of the the dividends the profit that's the money they get from it but that's not really true is it. no it's not those are usually the people who don't actually read the documents in terms of what the stockholders are really entitled to. basically as you can see on seeing the c.n. jim cramer show is what they focus on is what earnings and growth earnings and

growth of the company right what are they why are they focusing on that because they're trying to predict or alow or kind of like foresee whatever the stock price is going to be by earnings and growth the issue of course is profits from stocks and will make the stock price move is not the are things in growth it is actually money from another investor now is there a connection at all with respect to the earnings and growth and the price movement yeah it's called a speculative connection ok speculative it is not a legal one it is not a logical one it is not a definitive or mathematical one it is pure speculation what else is a speculative connection a ponzi scheme ok i can speculate and made off scam when when people will stop entering with more money ok speculative connections don't mean anything but the thing is that is actually what seem to be see what really our school and academic institutions and jim cramer focuses on so the stock itself so you know the money

when your stock goes up you know you buy something for twenty bucks it's now worth two hundred blocks all of that money is not common from the company's profit almost rarely if ever it's coming from other people willing to buy that stock from you for that price but that is kind of the definition of apologies game all the money coming in is from new investors and if they stop putting that money in all collapses. yeah you're absolute right it is the purest definition of a ponzi first of all let's there's a name for this process of buying and selling and that profit is called capital gains basically you buy low sell high that is yet that process itself is the definition of a ponzi i don't make up the definition it's not my opinion that it's a ponzi scheme ok by definition the f.c.c. defines it there's three aspects of it one is an investment scenario two the investment profits come from investors ok three the investors think the profits

come from somewhere else all right and what we can clearly observe every single day every single moment the sox are trading is an event where the stock seller an investor sells it to another investor taking some capital gains profit if he's lucky ok so we have an investment scenario we have profits that come from other investors and those investors who are selling it according to see him b.c. according to him claim they think the money's come from somewhere else like the growth of the underlying company so we have an event that we can witness every single day and we have a definition of a ponzi scheme the event matches a definition write it or it is ponzi scheme and a positive in the traditional sense is illegal and you know for the biggest example we've seen recently is already made off went to jail private the rest of his life for that so if it's illegal why isn't the stock market illegal that's a very good question lee i have absolutely no idea as in yeah the f.c.c. clearly defines it right not only are they not doing anything about this process of

first off they actually encourage capital gains and which is odd because capital gains meets their definition of a ponzi scheme not only are they letting the normal process i'm talking about exchanging happened but there are also. allowing google for example to issue perhaps the purest of the purest of the worst policies made basically making a worse when people say oh yeah our stock represents value in a company stock represents oh by the end the biggest misconception oh by the value of the stock is backed by the company no it's not they've never read these days never read these documents everything i state everything i lose to date comes from f.c.c. filings i don't trust newspaper articles i don't look at the internet for these stories ok why because i found a story and i put it in my book somebody can debate it it is debatable if i use somebody else's second hand source it is not the beta well when it comes from google's files when it comes from these companies tesla berkshire's file yeah i know you do a great job of giving specific examples about specific stocks and how they prove

your point really but a lot of people i guess specially you know kind of average investors would probably argue well i've made a lot of money on the stock market so if i'm making money what do you mean it is a ponzi scheme i'm doing fine i've you know made a fortune off the also stock market but i guess the right response to that is a lot of people make money from a ponzi scheme until it collapses yeah you're absolutely right first of all the money that they make way unless they're actually have cold hard cash it's not real money as in of a actually see oh yeah i have ten thousand dollars in my stock account isn't ten thousand dollars for a stock is not real money do you have zero dollars ok why because that's an abstraction it's an idea ok the value of a stock is something that a to really cerebral and imaginary ok real money is finite we record as a money supply it's finite so the putting is yes obvious games can be very profitable for a lot for a lot of people in fact the problem is of course overall more money is lost in fact

made bernard madoff when his scheme collapsed in two thousand and eight investigators found that more than half of his accounts showed a profit now i want to go back to something you just said of about the difference between so. so we've kind of gotten to the point that a share is only what we believe it's worth if you believe it's worth one hundred dollars you give the guy nine hundred dollars then fine in your belief that's worth nine hundred dollars but you know you're saying it's different than money i think a lot of people would say well how is it different that if the currency where the currency is also about our belief if you believe something is worth twenty bucks it's worth twenty bucks. so yes and there's a bit of a nuance in terms of the difference between the two if you can describe. yes sure it's actually i would say it was actually there's a big fundamental difference too because first of all money the money it is a tool as it is designed as an instrument for to facilitate medium of exchange it is not an investment thing it is right now to people bet on it do people lie upon

the currency in a speculator to a better idea they can do that yes anyone can bet on any you can have like a drinking like how fast can we drink a glass of water i'll bet you like ten dollars the vast array of water all of a sudden becoming an investment from a no the point is the our currency is meant to be a tool for it to facilitate also fiar currency is also known as the goaltender especially the u.s. dollar ok so therefore it is legally acceptable if a vendor cannot reject it for payment ok it is somewhat backed by the government now stock on the other hand is not backed by anyone legitimate is there a lot of loose language in the document saying oh yeah oh yeah on a good day google is going to pay some shares yeah the problem is that the hypothetical situations we don't know whether or not it will happen they're all conditional and trust me the the companies have way more lawyers way more pockets to basically make sure they don't have to pay dividends that somehow there's always

a reason to not pay dividends or not i'm going to do that as you imagine it out because you imagine a precedent set of people started doing companies and got all kinds of money for their for their shares that would that would open a pandora's box they don't have an edge you know i mean what are you selling when they're selling a service saying that they have an edge saying they know how to manage your money and they don't now you know what's the difference between a real fraudulent practice and somebody who just is doing what they're doing right now is whether or not they know they don't have an edge and that's the thing and it's a very gray area like these for do sure whatever this rule is i'm not really familiar with it but i can tell you there's so many gray areas involved ok like eyes and oh what does this mean like above my own interest is it only monetary. thing or is it like you know perhaps it's my opinion that this was the best and things like that but the problem is the probability aspect of the gambles they get into is not defined so therefore there's always these gray areas. and at the end of the day you

know they shouldn't even be selling these services as investments and that's really you know it's beyond it's actually a very very one simple idea i would love to propose as a solution is we've got to classify stocks as gambling instruments it's simple as that you shouldn't be eighteen and opening online trading it can be open online trading account you have to wait till you're twenty one go play blackjack pay of the world bank the stock the gambling instruments by the way a lot of people already think that stop gambling answer let's classify them gambling instruments. let's start real quick and then hear about about solutions one you already mentioned classifying them as gambling tools do you have other other answers. yeah and i guess i'll be a little nice about the current with the current system and try to work with what we have right another simple rule i think would be put in place is one if you have stocks these are also very obvious rules one of you have stock such as google and

you're making billions and billions of dollars by law you have to pay dividends furthermore we have to specify exactly what you mean by dividends right because trust me if we put a rule in place i guarantee you a bunch of companies are going to make one hundred dollars a pop a penny to their investors saying hey we paid dividends you know now we've got to specify also how much dividends are actually real dividends what i did find my book is also they have to pay a reasonable and regular dividend a reasonable part of someone else to do nice sort of start up companies including tesla which is if you want start up money if you want start of capital ok go ahead issue stocks issue as many shares are you want except for one thing if you're not making money your stocks are not going to just be traded on this ponzi market and let people start piling up the value you've got to keep your shares where they are until you start making money and then when you're start making money and when you start paying dividends and that stock becomes a legitimate equity instrument with a monetary connection to your company and i'm on.