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tv   Documentary  RT  May 20, 2018 12:30am-1:01am EDT

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a local flight a passenger flight that airlines had list 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 buoying seven three seven with more than one hundred people on board. the party is likely to become italy's next coalition government have unveiled a radical program which could cause concern for the e.u. artes to all 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 e.u. has 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 tambien also means being a good european citizen it needs to be repeated out loud especially now the left
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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 in 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
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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. you greta. 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 programme 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
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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. is in a stock market has reacted negatively as the political program contains a number of sweeping economic proposals as we heard a representative from the likely coalition says such radical plans a 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 to come down also the come through and be able to stay. you know in a strong way we are very focused on. democracy. we respect our alliances we want to be part of the you. being stronger as. militants have killed
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two policemen and one worshipper as they attacked also dogs cathedral in the capital of the russian republic of chechnya medina caution of. aren't militants attempted to storm and our two dogs cathedral located and russia's republic of change police was quick at the scene on the local law enforcement shot down the four militants now the cathedral is the only art church located in the capital of the republic grozny and it is situated right in 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
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and the investigation is under way. the u.s. has lashed out at a u.n. probe into deaths on the israel gaza border details on this after the break. we have to judge countries and leaders at 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 or sometimes yes but it's sometimes actually a different world view they just fake news by powerful people. and
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what politicians do you should. put themselves on the line to get accepted or rejected. so when you want to be president and she. wanted. to go on to be this is what. three of the four people. on the interstate always in the water. should. come back the u.n. human rights council has awarded a probably been to the deaths of palestinians on the israeli gaza border but washington is resisting the plan with us on bastion and he haney suggesting the organization has more important issues to do with. at a time when venezuela lurches to a dictatorship iran imprisons thousands of political opponents and ethnic cleansing
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has taken place in burma the un so-called human rights council has decided to launch an investigation into a democratic country is legitimate defense of its own border against terrorist attacks it is another shameful day for human rights fifty eight people were killed during this week's protests in gaza according to the palestinian health ministry turkey's president erdogan branded israel's actions genocide against the palestinians while iranian president rouhani called for a united muslim fronts to stop what he called israeli crimes and the rallies continued on friday with thousands gathering at the border fence to condemn monday's deaths that day was also when the u.s. for we moved its embassy into israel to jerusalem. at the. was.
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the israeli army has defended its actions saying troops follow standard rules of engagement including the selective use of live fire according to the un human rights council three thousand five hundred palestinians have been wounded by gunfire on the border since late march. well this week's unrest in gaza comes seventeen years after the founding of the state of israel r.t. spoke with a palestinian who lived through those events. well
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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 they want the world to know about their fight for justice the process is run on if the israeli army had not reacted to it 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 shrines in un resolutions if israel agrees to comply with
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them there will be peace in palestine. a volcano in hawaii sending a plume of ash and rocks thousands of meters into the sky the summit of the killer way out volcano exploded on thursday sending fast moving lava across roads and blocking off residential areas twenty six homes have been destroyed pointing rescue services to airlift residents to safety the volcano has been erupting continuously for more than thirty years for the latest. activity is unusually intense. now britain's prince harry has married american actress meghan markle in a lavish ceremony of windsor castle it was watched by an estimated global t.v. audience of more than a billion artie's polly boyko takes an irreverent look at the role celebrations in the latest episode of her online show. in case you missed it right on monday and
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this is a marriage that looks like it will last the average length at least since. britain's prince harry marrying american actress american model gives the float all 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 it's about the setting for the ceremony is it wins that cost though it's been described as a humble setting than westminster abbey yeah it's just a humble pot so what's truly impressive is signalling to turn off thousands will be coleman is i mean around inside the grounds of the cars still nowhere near the actual ceremony there. are people from a range of backgrounds should be herded in like i know a result of peasant unconfirmed reports suggest that at least one class and from every race that prince philip doesn't silted will be represented gates will be
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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 call south before seeing one true privilege looks like up close but not to the sunday rolls and see will cost an estimated twenty six thousand pounds but for the lucky people feel to the spoils they need to remember that the lemon in the cloud cake that we'll 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 owned a black mamba but who cares about the windsor is on lucky to have the royals have been swimming. in a very shallow gene pool for the last thousand years so they need some outside help maggie is a self described feminist which she'll have plenty of time for now being looked after by her husband in fact the only talent steve now is learning to selfies and hug. being the great unwashed very smart says that some pretty idiotic questions
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posed by the media can never lock up save the morning save it from a lot drowning in taxpayer money here's hotter meghan or kate but it's definitely what you can rag and mark all of you lack of breath or anything he likes he's going to be a princess. princess scary a prince and. the u.s. is urging germany to ditch the north stream to gas pipeline project washington is considering sanctions against firms involved in the project designed to pump gas from russia to germany the warning came from the u.s. state department's top energy official sound kirk she warned that firms working on nord stream too are in an elevated position of sanctions risk she added washington would be delighted if the project was scrapped but germany's economic minister
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peter all to myers says europe will also stand up for their own interests in the words if the u.s. says america first and puts its interests before others then you should expect that we europeans will do following our own economic interests too and fight for that. hamburger and pay martin dulces says american sanctions could be highly damaging for german firms. german. economy is afraid as well because the new trancing are structured if you. love even directly. for its 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 it was it was
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told to germans if you do not want to have a trade war between the european union. and the united states. get rid of their nor 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 get. back the latest headlines in just a behalf now meanwhile for more and more of asteroids twat eat out cold.
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g.m.a. such an ethically modified organisms in the system and in the food industry in the one nine hundred ninety s. . got to stop taking that and nights and what does not have to do with g.m. . that. was true just. as it was almost swapped. is a chemical widely used to kill leaks. blowsy the most widely used service might be the old the beer is three. million times or ten runs there's a possible temptations that. can occur if you choose scientists truth to team context really awful on the human race to science or fitz to the world free of g.m.'s in crisis eight wouldn't even be able to see if we pass the points of never
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send. so what we've got to do is identify the threats that we have it's crazy even for him to let it be an arms race to move his arms off and spearing dramatic development the only place really i'm going to exist i don't see how that strategy will be successful very critical time time to sit down and talk. player. playing.
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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 to a trade war and you cut that off you are killing you you put a gun to your head and commit financial suicide by killing the dollar which is why the top administration seems hell bent on going above. about your sudden passing i've only just learned you worry yourself in taking your last bang turn. you're out caught up to us we all knew it would i tell you i'm sorry i could so i write these last words in hopes to put to rest these things that i never got off my chest. i remember when we first met my life turned on each breath. but then my feelings started to change you talked about war like it was a cave still some are fond of you those that didn't like to question our ark and i
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secretly promised to never again like it said one does not leave a funeral the same as one enters the mind it's consumed with death this one different person to speak to now because there are no other takers. to claim that mainstream media has met its maker. this is the cousin report i used to be a rocket and 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
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a ponzi there unwinding their quantitative easing and the 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 u.s. stock markets continue to be you know near all time highs and the property markets are booming they are rising at like five six seven percent a year so where is the where is the chaos that was going to follow a taper in 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 at fifty three point forty one billion according to bloomberg trying to manage the collapse of the currency which is
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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 they act of raising interest rates after you've lowered them first 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 pulled that back out you regurgitate that procure pine in those quills. get stuck in your esophagus and they cause tremendous something kate and die. not even david blaine could recur
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to day the 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 there are always well protected against this bottom ninety nine point five percent are not protected from this and the currency is collapsing argentine peso in freefall 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
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a chart just from this year of argentine peso just to review because you're a up 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
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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 won 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
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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 he should just like keep that hard cash. dollars and let the currency fall as
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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 r t has been censored in america in the u.k. so the millions of people who could have been a 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 so that's important currency crises often morph into debt crises if you have debt denominated in forty. 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
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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 the hundred year bond all right 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
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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 trump administration 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 there was a 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 the banks will famously lend you money to buy umbrella when it's sunny outside
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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
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competing against well they haven't 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 dimaio and then the northern league which is the far right with me 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 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 liquid.

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