there was a bang and a column of smoke then we sue police cars and fire brigades passing by and we've been told that the families. of those who lived in olguin of the victims are being ferried out being brought to have an hour tonight they'll be in a van or helping in the identification of the victims the three survivors are women and are in hospital one of them was being operated on the others are being studied their cases 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 precedent. was 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 have 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 three seven with more than one hundred people on board. so what looks like becoming italy's next coalition government spearheaded by the five star movement and the league party unveiled on friday a radical program designed to alter the course of italian politics ultimately you know way 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 until it's it officials now is the time for legality secure its you and pushbacks 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. with me 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 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 the stock market reacted negatively as the program contains a number of radical economic proposals and we spoke to a representative of the knowledge 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 also the country and be able to state to do with being a you know in the strong 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. well with the world of the media so if you know the u.k. and america gushing over today's royal wedding in windsor we will take a bit of an alternative look right after the parade. that's why too many flips over the years so i know the game and so i got. the ball isn't only about what happens on the pitch to the final school it's about the passion from the families it's the age of the shaper money. has been spent each year to the twenty million. it's an experience like nothing else going to be true so i want to share what i think what i know about the beautiful game great chance

with. the base. 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 and you put a gun to your head and commit financial suicide by killing the dollar which is what the top administration seems hell bent on doing the mom. could be to join us today it is a big day for many in britain today as prince harry is marrying former t.v. actress meghan mochel but with the world's media gushing over the royal celebration takes us live to the less reference look at the wedding and the latest episode of

her online show. in case you missed it royal not a day 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 float on media a reason to pretend that no one has ever heard of a wedding before the public a chance to get angry about stuff they could not care 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 cotswold one truly impressive is signaling turn off thousands will be coleman is i mean around inside the grounds of picasso nowhere near the actual ceremony there. are people from a range of backgrounds should be herded in like i know result of peasant unconfirmed reports suggest that at least one class and from every race that prince

philip cousins stilted will be represented will be treated to a sausage roll and a cup of tea but they were told to bring their own picnics as wells and they don't cost out before seeing one true privilege looks like up close but not too this is a rolls and see will cost an estimated twenty six thousand pounds but for the lucky people feel to spoiled they need to remember that the lemon in the south take that real guests are going to be eating inside the fifty thousand pounds price here is where they're getting those old room service magen go anyway well a little been made of the fact that she owned a black mamba but who cares about the reason the unlucky to have the royals have been swimming cultivating a very shallow gene pool for the last thousand years so they need some outside help maggette and is a self described feminist which she'll have plenty of time for now that she's being looked after by her husband evacuees how did she leave now is selfies and hung. the

great on what verizon says to. take questions posed by the media can no longer save the morning save it from war. money. magazine kate. definitely what you can mag and. anything seem like she's going to be a princess. princess skin be a prince. and this is r.t. international or the u.s. is refusing to support an international probe into the mass deaths of palestinians on the israel gaza border america blames the hamas group for the deadly clashes of the past week voted against a proposed investigation of the un human rights council or us ambassador nikki haley gave a statement suggesting the u.n. has more important problems to deal with at

a time when we need to choose 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 syllogism a difference of its own border against terrorist attacks it is another shameful day for human rights groups and protesting garza have seen fifty eight killed that's according to the palestinian health ministry with israel being condemned for its actions turkey's president branded them a genocide against the palestinians while the iranian leader hassan rouhani called for a united muslim front to stop israeli crimes on the rallies continued on friday with thousands gathering at that border fence.

israeli army commented on the recent clashes via twitter saying that his troops had responded to rioters throwing rocks with riot disposal means and fired live rounds selectively. this week's gaza violence was fueled on tuesday by the anniversary of al nakba day that symbolizes the displacement of palestinians and we spoke to one palestinian witness of the first jewish settlers arriving on the shores of what is now israel.

and if any of the number of palestinians killed or injured in israelis horrifying most of them civilians have nothing to do with any miniature organization they just want justice and true times their ancestral lands which are occupied by israel they want the world to know about the fight for justice and the process is run and if the israeli army did not react is it 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 in un resolutions if israel agrees to comply with them there will be peace in palestine. despite the widespread condemnation of

israel's actions against the palestinians not many of their arab allies are willing to take any real action to support them as colas clear explains the gypsum president el-sisi has ordered for the rafa border crossing between israel and gaza to be open for the whole month of ramadan the last time this happened was five years ago the move immediately captured headlines around the world and has been described as a goodwill gesture it follows weeks of protests in which dozens of people have been killed those. midges were bought cost on t.v. stations around the globe was. or tried to cross the border two months ago but they made me go back to gaza because my medical treatment permits expired today i will try again i'm scared they won't let me in on him said i'm going there because any surgery i'm supposed to

have this operation seven months ago the rafa border crossing is a huge challenge but if egypt is really so committed to the idea of helping palestinians why then didn't open its border earlier or at least keep its borders open on a regular basis since two thousand and seven gaza has been under an a sea and land blockade by both israel and egypt but it's not just the egyptians other arab countries while also claiming to support the palestinians and being highly critical of israel in reality do very little to help the palestinians take one of the richest countries the united arab emirates for example it continues to affirm its commitment to supporting the palestinians the united arab emirates absolutely rejects the use of force to confront peaceful demonstrations and demand their just rights but meanwhile israel and the united arab emirates fly together in annual joint exercises in greece saudi arabia is another outspoken supporter of the

palestinian fight for rights against israel in the mimic of yesterday a tougher of the kingdom of saudi rejects the u.s. embassy's move to jerusalem and sees this as a real bias against the palestinian people's historic rights in jerusalem but then behind closed doors the saudi crown prince is reported to have said it's time the palestinians shut up and stop complaining now you would expect the arab league to embrace the policies of helping and assisting the palestinians and in fact there is a resolution that calls on arab countries to treat palace. arabs well but here's the catch it also urges arab countries to promote palestinian nationality by not giving them citizenship there really was no action taken to stand up to the united states and to say before it happened if the embassy there issues between the arab world and will change that there is a lot of under the table the negotiations and agreements being worked out between

it seems some countries in the gulf some of the arab countries are placing demands on the palestinians to accept whatever peace deal if we can call it that what's called the deal of the century donald trump and his advisors work out for the palestinian israeli conflict. thanks for joining us the program returns and often now. that. i think i. shall that moment on a week when i think i'm i'm not it is truly. it is

snowy you do. seventy four design submissions. seven thousand pilings. to join judges. and eight hundred sixty nonstop days of work. a russian w.b. a champion of it. and a russian pop stuff. show you how and why the crimean bridge was built. witnessed the construction of a unique transcode andriy that will help the cause of crimea to foster most of those world google more familiar quite a bit but we'll. this

is the kaiser report i used to be a rockette then i became a journalist. stacey. is that what you call i have great legs as

a journalist we have some interesting stories here to cover and these are financial chaos happening in the world and you know you always say that you can't taper a ponzi and the federal reserve has tried to taper a ponzi there are unwinding their quantitative easing and interest rates are rising so far people have said well we haven't seen any sort of reaction nothing's happening so far that's bad in the us stock markets continue to be you know near all time highs and the property markets are booming they're rising at like five six seven percent a year so where is the where is the chaos that was going to follow tapering the ponzi and of course as we keep on pointing out we're in a globalized financial system operating on the u.s. dollar standard and when we raise interest rates here that means the dollar increases in value and lo and behold we've had some emerging market currency chaos so i want to look at what's been happening in argentina argentine central bank

reserves down one billion dollars today fifty three point forty one billion according to bloomberg trying to manage the collapse of the currency which is remarkably happening out of the blue i think it's as investors have realized that the fed is trying to taper the ponzi they thought. they were going to taper the ponzi and they have and now investors are fleeing the argentine currency mexico turkey brazil russia they're leaving emerging market currencies suddenly and fleeing into the dollar act of raising interest rates after you've lowered the for so long through quantitative easing doing the opposite or quantitative tightening imagine swallowing a porcupine and then trying to pull it back up. so all those quills are facing one way on the way down but he pull that back out you regurgitate that porcupine in those quills. get stuck in your esophagus and they

cause tremendous something kate and die. not even david blaine could recur to date a porcupine he just regurgitate little frogs you probably just challenge him to try david blaine i challenge you to swallow him regurgitate a porcupine. two thousand bitcoin that you cannot do this. well a full grown porcupine well of course because it is doing quite well in argentina but i'll show you the chart it's a remarkable start again you know i b b c news night thinks currency collapses in certain countries are funny but i don't think this is funny there's an inflation rate of over twenty five percent and argentina and it's obviously a crisis for the population at least they're always well protected against this bottom ninety nine point five percent are not protected from this in the currencies collapse in argentine peso in free fall a central bank changes strategy central banks said to accept currency at low of

twenty five per dollar fair value according to the i.m.f. i.m.f. says board to me on friday to discuss argentina and there's a chart just from this year of argentine peso just to review because you're am something incredibly important here the the ponzi and the taper of the game that is the pyramid that is the dollar is being quantitatively tightened causing dollar interest rates to go up and this is having a reaction in argentina most spectacularly but also in the entire emerging market economy they are now suffering catastrophe and so a either the central banks get together and drop interest rates once again sheria or be as you've noted argentina is a place of adoption for bitcoin as are all these countries that are suffering from this as well and then as well and the u.s. dollar had gemini so not only is china iran and germany exiting the u.s. dollar by creating

a competitor swift but then you have argentina venezuela and some of these other countries probably turkey soon running to bitcoin. so you have got and then russia's running to gold so you've got bitcoin and gold are becoming the go to assets while the u.s. dollar hits the buffers and simply cannot support this ponzi scheme any longer on the individual level it makes sense to perhaps hold some bitcoin because there are a geo political insanity it's only going to get worse because it always happens throughout history whenever any empire collapses look at. europe from pre-war the war on through world war two that was essentially the part of it was due to the british empire collapsing and the chaos that ensued from that when the you know the austrian empire collapsed the same thing like chaos across europe so i think at this sort of point in time. when these currencies are falling like this you have to

have some sort of protection where there's gold silver big coin mexico's currency is falling. russia's currency continues to fall but you know at least they're earning huge amounts of dollars in argentina by the way i want to point out they're blowing through remarkable amounts of u.s. dollars therefore exchange reserves in order to prop up keep the peso from falling too far and that only exists that those you know those u.s. reserves exist there because of a christina discouraged who is the predecessor to machree she was very. you know nationalistic in terms of not wanting to be part of the i.m.f. globalized system for fear of what happened previously with the debt chaos and the collapse and the economic chaos that happened in argentina so she built up these massive reserves there so he's blowing them on trying to prop up a currency which is again throughout history most currencies anyway go to zero so

he's trying to stop the end of a double. keep that hard cash. of the dollars and let the currency fall as a follow up they're going one of the greatest attributes is that it's censorship resistant you know we travel all over the world and we travel here in the united states and people come up to us all the time and say thank you for telling me to buy a big coin of three dollars i'm now a multi bitcoin millionaire but not as many americans because of course our two has been censors in america and the u.k. so the millions of people who could have been basically millionaires right now are going to be watching on the sidelines as big going goes two hundred thousand dollars so here's another headline about what's happening in argentina is u.s. dollar and interest rates rise all heck breaks loose in emerging market currencies when the hot money gets antsy a currency crisis morphs into a debt crisis so that's important currency crises often morph into debt crises if you have debts denominated in foreign. currencies so argentina has a lot of debts in u.s. dollars it's hard for them to earn u.s.

dollars like say russia can or brazil because they have a lot of natural resources that are priced in dollars and you know when the ruble falls it's actually. all that they sell is rising in ruble prices so they're earning more income mexico they're kind of out of oil at this point they like counter-rally as like alone so that their income in dollars is not as high so. the point that he's making here however is that it was only in january that argentina managed to sell billions in. one hundred year bonds so investors were knocking down the gates to get in on this hundred year bond all right wall street is like goldfish until they die right say show me something to trade in the trade but you know dr paul craig roberts has made a point often quite germane to the discussion and that. trumps 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 u.s. 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're killing you you put a gun to your head and commit financial suicide by killing the dollar which is what the trumpet ministration seems hell bent on doing at the moment well certainly this global financial system whether it's domestically or internationally does not seem set out for the ordinary person the bottom ninety nine point nine percent that are not friends with the central bankers when this in the united states where all the jobs happen in either new york city or san francisco but the barrier to entry is you need tens of thousands of dollars to move there and even get on the rental ladder and rents keep on rising rapidly this is part of the central bank printing money over and over but where cash is needed most where credit and money is needed most the bankers don't want to lend to them because those are higher risk when there's easy money just speculating in new york city real estate for example so

who's going to give money to somewhere in kansas nobody cares about kansas nobody cares about the middle of nowhere argentina as it goes warren buffett is that banks will famously lend you money to buy umbrella when it's sunny outside but once it's raining you'll never be able to borrow to buy an umbrella i paraphrased but something along the sunny economically in new york or manhattan in this sort of ponzi based system so i want to look at in europe where we have another similar financial currency based crisis possibly on the horizon and this is something that you and i have also talked about here on the kaiser report since two thousand and eight two thousand and nine during the financial crisis and what's going to happen to italy. now my own experience of dealing with italy when i when they were still on the lear and i was working at a film sales company so we had a lot of distribution of hollywood film sold to italy is they kept on devaluing the lear and then they would come to us and say we need to renegotiate this deal because the lear is been devalued by twenty percent overnight so we always had to

renegotiate because they had no money so how have they been able to sustain economically in the euro zone when it's all basically the do each mark they're competing against well they have and you know they're forming a government they're trying to form a government they were supposed to form the government by the time we've come on the show but they haven't so you know the five star movement that's kind of the left wing movement grillo used to be the head of it now it's luigi de dimaio and then the northern league which is the far right with very anti immigrants and very far right northern league they're trying to form a coalition government but one of the things on the on the table is actually a parallel currency for italy and the thing that's remarkable about this is that there's actually a lot of print media about this leading up to the election so from the last year like all the major parties of italy bar one which is the five star movement wanted

an alternative currency parallel currency to the euro an order to bring liquidity and credit into the italian market because nobody wants to lend to them we've seen this movie before it's called greece yes they went through the exact same thing for the exact same reason that they had an inflationary boost once the euro was introduced and then they got the trouble because they were borrowing money at the same rates as germany and they in debt of themselves into crisis and now that's moved over to italy now of course italy want to do a parallel currency just as greece wanted to do a parallel currency and steve kean was on our show talking about that extensively they could have backed up by silver it could have been the new drama. who got involved the i.m.f. the e.c.b. and the e.c. the troika stop that from happening because they're in the business of killing countries for the benefit of hedge funds like john paulson italy as we speculated back five or six years ago would be the next feast on the never ending moveable feast of i.m.f. is c e c b.