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 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. the parties likely to become italy's next coalition government of unveiled a radical program which could cause concern for the e.u. a little quarter explained brussels a 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 e.u. has rules it is important to abide by budget discipline i'm especially for it's only to continue to reduce the deficit it is important to stay on track. being a good champion 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 childers to everyone even only european level for now and the italian. 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 austerity sarees a party came to power what a headache it was for the e.u. to me agreed 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'm standing 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 and italy it seems both parties of the government coalition are getting along so far after they finalize their programme 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 party italy's main stock market reacted negatively as the political program contains a number of sweeping economic proposals the representative of the likely center right coalition told us such radical plans are vital for modern italy 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 we're being 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. militants have attempted to attack the orthodox cathedral in the capital of the russian republic of chechnya killing two policemen and one worshipper in a coach that has the details. aren't militants attempted to storm and are to docks cathedral located and russia's republic of change police was quick at the scene on the local law enforcement shot for militants now the cathedral is the only art to the church located in the capital of the republic grozny and it is situated right and the downtown of the city and it could be quite crowded during the weekends now according to reports the militants were armed with knives and short guns they were

planning to take the civilians inside the church hostage the four attackers were eliminated by the local enforcement but during the gunfight two police officers were killed and one worshipper also lost his life now at the moment the area is cordoned off by police and the investigation is under way. the u.s. is lashed out as a u.n. probe into israel gaza border we'll have the details for you after this break.

what politicians do sometimes we don't. put themselves on the line. to get accepted or rejected. so when you want to be president and. want to be. that you'd like to be close with what before the spectrum or can people that. i'm interested falls in the waters of our. first city. i. come back a volcano in hawaii sending a plume of ash and rocks thousands of meters into the sky the summit of the killer

way a volcano exploded thursday sending fast moving larva across roads and blocking off residential areas twenty six homes have been destroyed fronting rescue services to lift residents will cain has been erupting continuously for more than thirty years the latest activity is unusually intense. 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 with the u.s. envoy to the un dickie haley suggesting 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 democratic countries legitimate defense of its own

border against terrorist attacks it is another shameful day for human rights recent protests in gaza received fifty eight killed according to the palestinian health ministry with israel facing international condemnation president heard one of turkey branded israel's actions a genocide against the palestinians or the rain in president hassan rouhani called for a united muslim front to stop what he called israeli crimes and the rallies continued on friday with thousands gathering at the border fence to condemn deaths there from monday that was when the u.s. formally moved its embassy in israel to jerusalem but israelis and palestinians have longstanding statehood bid for the city.

israeli army commented via twitter on recent clashes saying that its troops operated in accordance with the rules of engagement which include firing live rounds selectively according to the un human rights council three and a half thousand palestinians have been wounded by live ammo since major violence broke out at the border on march thirtieth this week's gaza violence was fueled on tuesday by the anniversary of the day that symbolizes the displacement of the palestinian people and the creation of israel he spoke to a palestinian who witnessed the day the first jewish settlers arrived and the rise of violence that followed.

well if any and the number of palestinians killed or injured in those rallies is horrifying most of them a civilian have nothing to do with any military organization they just want justice and to return to their ancestral lands which are occupied by israel and they want the world to know about their fight for justice the process is run and 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 and made long ago trying to un resolutions if israel agrees to comply with them there will be peace in palestine. but. in a lavish ceremony britain's prince harry has married the former american t.v. actress mega markel it was watched by an estimated global t.v. audience of more than a billion with much of the media gushing over the roles that abrasion on takes a slightly less reverent look is the latest episode of an online show. in case you missed it right on monday and this is a marriage that looks like it will last the average length at least since. britain's prince harry marrying american actress meghan mochel gives them clothes on media a reason to pretend that no one has ever heard of a wedding before and the public a chance to get angry about stuff they could not about the setting for the ceremony

is it wins that cost still it's been described as a humble six saying that in westminster abbey yeah it's just a humble pot so what's truly impressive is signaling turn off thousands will be comin is i mean around inside the grounds of picasso nowhere near the actual ceremony that. there are boston people from a range of backgrounds should be herded in like i know result of president unconfirmed reports suggest that at least one class and from every race there prince philip husband silted 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 call us out before seeing one true privilege looks like up close but not to this is a rolls and see will cost an estimated twenty thousand pounds but for the lucky people feel to spoiled they need to remember that the lemon in the cloud cake that

real guests are going to be eating inside this fifty thousand pounds price knows where they're getting those old room service magen go anyway well a little been made of the fact that she and a black mamba but who cares about that now when there is only loki to have the royals have been swimming cultivating in 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 exactly how those sheaves now is selfies and one. the great unwashed very smart says. the arctic questions posed by the media can move the market save the money save it from what brown. money appears hotter magen on kate. is definitely what you can rag and. black bread anything seem like she's going to be

a princess. means that yes she's going to be a prince the. u.s. has stepped up its efforts to persuade germany to ditch the massive nord stream to gas pipeline project and washington says it doesn't rule out sanctions against firms involved in the project designed to pump gas from russia to germany the warning came from u.s. deputy assistant secretary of state for energy diplomacy sandra kirk she threatened companies involved in the project that they were in an elevated position of sanctions risk being washington would be quote delighted if the project didn't even go ahead over the berlin's economy minister is already made germany's response clear in new words if the us says america first and puts its interests before others then you should expect that we europeans will do for an all roun economic interest to point for that. martha dolls are

a member of the hamburg parliament from the left party told us that german business is worried just how wide ranging u.s. sanctions might be. musa treat as well because the new trancing are structured if you. love even direct li. actions. for example infrastructure in favor of. same since against you this is pure blackmail what is what is going on here you see it. more or less at most it will stroll to germans if you do not want to have a trade war between the european union. and the united states. get rid of the north stream to pro checked i hope for very much mr smirk will does not give in to this so it's a dirty game it's a dead end game. so staying with the national latest updates of

a coming your way. in some american cities the police have built themselves cling to refutation of people who walk on the street to be united states are at risk from the very people who are supposed to protect that poor people are no more afraid of the police than is often the most. you can see something happening and this is like i don't want to call the cops let that happen rather than call the cops in those young black men lose their lives chasing the with their fingers on the trigger you never know better safe than sorry i don't know that someone else is going to pull a gun so yes unfortunately around around here we end up killing our guns off the death toll from such precautions to.

twenty eighteen coverage we've signed one of the greatest goalkeepers of all time but there was one more question and by the way was going to be our coach. guys i know you are nervous he's a huge star among us and the huge amount of pressure to come out you have to be i mean eight percent of the shuttle we are with you and we will show you all the great the greatest good you are the rock at the back nobody gets past that you we need you to get going let's go. alone. and i'm really happy to join the fall of two thousand and three in the world cup in russia meet the special one come on. me just just at the reno theology team's latest edition to make up a bigger. look. welcome

to a special episode of redacted the night 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 stu sweet today i'll be talking with the man who may just end of the 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 shah had 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 tom who 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 entire engine of our economy that is creating a livable planet anyway here's my conversation with thomas 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 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 as 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 earnings and growth it is actually money from another investor now is there a connection at all with respect to feelings and growth and this 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

a 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 seems to see what really our school and academic institutions and jim cramer focuses on so you know 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 came 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 the n.b.c. according jim cramer 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 do you bent matches

a definition right it or does ponzi scheme and a ponzi scheme 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 it is illegal why isn't the stock market illegal that's a very good question lee i have absolutely no idea as in the f.c.c. clearly defined that right not only are they not doing anything about this process of first all 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's 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 printing 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. 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 fia 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 do people bet on it do people lie upon the currency is speculators do they bet on it do they can do that yes anyone can bet on it if you mean you could have like a drinking like how fast can we drink a glass of water i'll bet you like ten dollars rasterize 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 legal tender especially the u.s. dollar ok so therefore it is legally acceptable a vendor cannot reject it for payment ok so 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 share 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 devalued that somehow there's always a reason to not pay dividends or not i'm really confused 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 as in oh what does this mean like above my own interest only monitor. 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 ok 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 is 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 and it's simple as that you shouldn't be eighteen in opening online trading it can be open online trading account you have to wait til you're twenty one go play blackjack a of the world bank the stocks are gambling instruments by the way a lot of people already think that stop your 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 or do you have other other answer. 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 stocks which is 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 in a room place i guarantee you a bunch of companies are going to make one hundred dollars and 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 like 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 a monetary connection to your prophet then we'll let you start trading ok but we're simply not just going to pay you know you make absolutely no money and you're just losing tons of money but we'll just let your stock go out there and let people ponzi it up with the possible future prospects in the speculative game that they play that's what you know i guess you could say the simple solution is to say you know if you make money you got to pay if you don't make money sure issue stocks raise money but we're going to let you ponzi it up out there good point good point and i was a lot of the other point you make that they shouldn't be called dollars until they've actually until you've actually turned it into actual cash.