being started 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. 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 had leased from a mexican air company global air i understand is the name and 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 the parties likely to become a sleaze next coalition government spearheaded by the five star movement on the north in the party having failed a radical program designed to alter the course of national politics although it

could cause concern for the u. storm quarter expects 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 retooling to continue to reduce the deficit it is important to stay on track. being a good 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 underlip that 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 italy 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. greed to disagree. 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. its main stock market did react angrily are angry negatively to this is the

political program contains a number of sweeping economic proposals a representative of the likely center right coalition told us that such radical plans are vital for more than initially 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 into the work being a you know in a 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 italy. company softening still ahead for you the media is putting the race trump once again because everything as it seems will take a look just off the break. apply

to many clubs over the years so i know that. the ball isn't only about what happens on the pitch school it's about the passion from the families it's the age of the shaper money. spending to the twenty million. it's an experience like. because i want to share what i think. with. 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 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 to my. fellow again you without saying now within the last prince harry has married his former t.v. actress making market watch by an estimated global t.v. audience of more than a billion but with much of the media gushing over the royal celebration boyko takes a slightly less reverent look is the latest episode of the online check. in case you missed it right on monday and this is a marriage that looks like it will last the average length. of. britain's prince harry marrying american actress meghan mochel gives the global 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 get about this i think the ceremony is it wins that cost still it's been described as a humble sexting than westminster abbey yeah it's just a humble cotswold one truly impressive is signalling to turn off thousands will be coleman is i mean around inside the grounds of the cars so nowhere near the actual ceremony there. are people from a range of background she heard it and like i know result of president unconfirmed reports suggest that at least one class and from every race there prince philip husband some kids will be represented each have will be treated to a sausage roll and a cup of tea but they were told to bring their own picnics as well so they don't cost out before seeing one true privilege looks like up close but not to the sunday shows and see will cost an estimated twenty six thousand pounds but for the lucky poor prince field to the spoils they need to remember that the lemon in the crowd

take the real guests are going to be eating inside this fifty thousand pounds price now 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 them when there is only lucky to have the royals have been swimming. in a very shallow gene pool for the last hour and he is so he needs them 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 in fact nearly steves now is learning to selfies and hug. the great unwashed very smart says there's some pretty edgy or tech questions posed by the media can meghan marcus save the morning save it from a lot. of money here's hotter magazine kate. is definitely what you can mag and mark all of you lack bread i don't think he

likes he's going to be a princess and. he really means that scary a prince and. go there now the un human rights council has voted to launch an international probe into the mass deaths of palestinians on the israeli gaza border washington condemned the resolution though with the u.s. envoy to the un nikki haley suggesting that the international organization has more important issues to deal with at a time when venezuela lurches to a 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 a democratic country legitimate defense of its own border against terrorist attacks it is another shameful day for human rights but recent protests in gaza have seen

fifty eight killed according to the palestinian health ministry with israel facing international condemnation president of turkey branded israel's actions a genocide against the palestinians while iranian president hassan rouhani called for a united muslim front to stop what he called israeli crimes and the rallies to continue on friday to you with thousands gathering at the border fence to condemn deaths there from monday when the u.s. formally moved its embassy in israel to jerusalem both israelis and palestinians have longstanding statehood bids for the city. the israeli army commented via twitter on the recent clashes saying that its troops operated in accordance with the rules of engagement which include farming life

friends quote selectively according to the un human rights council three and a half thousand palestinians have been wounded by live ammunition since major violence did break out at the border on the thirtieth of march now this week scars of violence was fueled on tuesday by the anniversary of nakba a day that does symbolize the displacement of the palestinian people and the creation of israel we spoke to a palestinian who witnessed the day the first jewish settlers arrived on the rise of violence that followed in the region.

cluelessly and the number of palestinians killed or injured in those rallies is hard. refining most of the mr villains who have nothing to do with any military organization they just want justice and to return to their ancestral lands which are occupied by israel they want the world to know about their fight for justice the protestors run and if the israeli army did not react it's a 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 trying to

un resolutions if israel agrees to comply with them there will be peace in palestine. and. now in other news today militants have attempted to attack the orthodox cathedral in the capital of the russian republic of chechnya and one policeman was killed while a worshiper was left injured all attackers were killed by the authorities they were said to have been armed with knives molotov cocktails conflicting reports to claim up to five militants were involved in the attack. donald trump has once again been accused of racism in the media but it does turn out that in this particular case his comments were taken out of context. we have people coming into the country trying to go shopping. but we're taking people out of the country believe. these are people. you're 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 concerned when he does things like immigrants animals and it is a very slippery slope when you start the human i think people based way it's what the nazis did it's what slave owners did it's not what americans do. now ice is the only law enforcement agency that can not use our databases to find the bad guys. will think it may well be with you in this there were i don't know about you think that the pressure that i saw. people coming into the country trying to go shopping. were taking people out of the tree you wouldn't believe the street. people. your animals well trying to take to twitter to lash out against the media outlets have

now published or crank sions and also apologized to trump political cartoonist ted roll does feel that some of the media have too much of an agenda. 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 and tarnished by the behavior of organizations that are pounding their preexisting narrative whether or not the facts bear that narrative out and that bring jobs like the news that they say i would that would morphy in thirty five.

that i'm on that i want to show you look at home up on me when i have time i'm not is probably. better is no you know. i've been saying the numbers mean something they matter us is over one trillion dollars in debt more than ten white collar crimes happen each day. eighty five percent of the global wealth you long for the old for the rich the weak six percent market saw thirty percent this last year some with four hundred to five hundred three per second per second and bitcoin rose to twenty thousand dollars. china is

building two point one billion dollars a industrial park but don't let the numbers . overwhelms. the only number you need to remember it was one business show you can't afford to miss the one in only. seventy four design submissions. seven thousand pilings. to join judges. and eight hundred sixty nonstop days of work. a russian w.b. . and a russian pop stuff and show you how and why the crimean bridge was built. witnessed the construction of a you need to transpose. that will help out of crimea to foster most of those you

won't go for more snow you're quite a bit by trill. the united states can instead. use. tax on other country's. economic sanctions are often just the beginning another thing you like to do is play some military press around the country is a true talking about. and there to be an effort to demonize that country and the leader of that country. has a responsibility for the. weekend to make rules for the rest of. us

without us there. we have to judge countries are trying to lead there's directives. so we need more objective but the reality is. you know media tries to get the facts but also leave the white their worldview so this is where social media and direct communication comes in unfortunately it's sometimes called fake news it sometimes is but it's sometimes actually a different worldview not just fake news by powerful people.

hi i'm sure this is the kaiser report i used to be iraq at that i became a journalist. stacey. is that what you call i have great looks 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 and he pull that back out you regurgitate that porcupine in those quills. you 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 regurgitates 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 and 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 the argentine peso just to review because you're am something incredibly important here the ponzi and the taper of this 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 b. 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 a 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 exist. 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 in 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 currencies anyway go to zero so he's trying to stop the end of a double. keep those that hard cash you know the dollars and let the currency fall as a follow up they're going one of the greatest attributes is that of 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 going to three dollars i'm now a multi bitcoin millionaire but not as many americans because of course r t has been censored in america in the u.k. so the millions of people who could have been big claim 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 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've counter-rally as like a loan 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 by knowing wall street

is like goldfish until a guy writes a show him something to trade in the trade but you know dr paul craig roberts has made a point often quite germane to this 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 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'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 would 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 i think it was warren buffett the banks will famously lend you money to buy umbrella's 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 deutsche 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 is. the mio and then the northern league which is the far right with very anti immigrant 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.