nothing's happening what struck me as i've spoken to a number of residents who live here at the estate in camden is the fear in their eyes at the thought that they too could have lost their lives and now they're off to a clarification from the government as to what's going to happen next to resolve those problems and action to be taken in a day or two. the u.k.'s housing minister has said that the government is listening to concerns and will discuss a policy review concerning a ban on flammable materials in construction when over two thirds of former grenfell residents are yet to be really home while some eighty two households are still residing in emergency accommodation we've spoken to a campaigner about the tragedy we haven't seen corresponding option on to see action it's difficult to believe the government what i asked for consultation if would know that the outcome boss to my tools still around builders today we

shouldn't discuss it in part that we should take action to be because we need to have on the ground they should be versity they should be presentation if there is no representation in democracy is not democracy is not just issue rod to cause more year to argue that we needed adversity in that it is to kind of do you thing to see that we view what was obvious how long will lead to justice or a group of filmmakers have been looking into the tragedy and its aftermath creating a documentary called fail that by the state you can watch it on the red fish you tube channel on facebook for now here's a quick preview. i was born to go full time it was my home for twenty five years the fire for each to hold in our world. that was the most heartbreaking thing i've ever seen in my life and it was so it was beyond traumatic you know we will felt by the state before and after the fire. to change everything

we talk politics now and how we can take power. if we continue to stand and make noise and not shut people out we can change this community. we need to realize that collectively we have real power with real real power to shape our destinies and to be artisans of awfully so we need to seize these opportunities and move in as much. donald trump pass ordered an investigation into his own investigators an independent inspector general will now look into whether the f.b.i. has twenty sixteen probe into alleged russian collusion was legal and this killer been explained so it's starting to become difficult to find someone that hasn't been caught up in the wave of suspicion. the u.s.

department of justice is currently expanding its investigation into whether or not its investigation of donald trump is legal are you confuse don't worry so lots of americans this is just a slice of the pie political leaders on both sides of the aisle are being investigated for criminal offenses with their opponents calling for them to be the locked up make america great again. that's our president and the media is fantasizing about seeing him in handcuffs or if he fires any secret service agent who would allow the federal marshals and one adult from simply decides i don't have to follow the law i refuse to be held under the law no marshal can get into this white house and any secret service agent that defies me is fired well at some point he's going to have to come out of the white house trump's old nemesis isn't in the clear either i think that there is a lot to investigate.

she may not be in the headlines very much after her electoral defeat however we did find out last week that she is still under investigation much to the delight of donald trump who once promised to put her behind bars it's just awfully good that someone with the temperament of donald trump is not in charge of the law in our country because you'd be in jail secretary clinton. and then there's obama's tops by john brennan the former cia director he was concerned about because of known russian effort. tom called him screw a just. race to the american intelligence community and one former u.s.

attorney thinks he ought to be assembling a legal team n.b.c. news's consultant the former director of the central intelligence agency the most part is in fact leader of the cia in history needs a very very good lawyer criminal lawyer yes criminal oh yes and then there is devon newness now he's been digging up dirt on the intelligence community but now he's got some of his own we are going to get the documents. members of congress want him to be looked into basically what he has done is he is scuttled and put a cloud over his own investigation and he has become the subject basically he should be going let's forget it it's a real problem investigations are flying like bullets in a western shoot out high profile politicians are being accused of breaking u.s.

laws and could face legal proceedings this is leads fighting one another and this kind of legal war and that has nothing to do really what the american people and it's a great distraction actually from the issues that are important to the american people but it's consuming the white house now consuming the f.b.i. it's consumed the democratic party there's enormous tension between both sides if things are pretty ugly right now pretty ugly between the sides and i think it's going to get worse i really do is this just politics look at some of these charges actually stick. artsy new york. the syrian army saying it has driven islamic state off its final enclave near damascus the development means that all the areas around the syrian capital are now in. government control. thank you. but. nothing. of.

the syrian army has taken full control of has it on us toward the area and yet a move for fiji camp and saw there in damascus following through should spicing would isolate terrorists also known as diet. women those who know those who need to see them. securing president assad and that he had moved refugee camp means that the mosque is now a terrorist free city for the first time with its countryside since seven years securing them would save the capital damascus from deadly mortar attacks that were previously launched from goes areas on residential government house orders damascus syrian army. insinuates going through operations across the country the syrian army

command issued a statement saying that the syrian army is currently much more stronger and much more determined to continue its literature operations and to pursing every ends of syrian soil off to terrorist groups for a few damascus and it's going to decide is a terrorist the area the army aims to continue fighting and it's expected that the army will be heading towards either the north and or the south and got off. still to come this hour on i'd spoken danish minister faces a backlash for her comments on the islamic holy month of ramadan we've got down story and more right after this.

we are now experiencing the end of a thirty year bull market in bonds which means are entering a period of rising interest rates and so the urgency to get deals done before that any cost is applied toward financing whatsoever needs to happen quickly so i predict in the next twenty four months we're going to see the biggest wave of mergers and acquisitions ever in history by a factor of ten just thirty or forty percent of everything that's traded out there gets gobbled up and taken private. join me every first week on the elec simon short and i'll be speaking to us in the world of politics sports business i'm show business i'll see you then.

twenty minutes into the program welcome back a top danish minister sparked outrage after she called the effects of ramadan a risk to everyone in her story burke said the fos thing leaves muslims observing the holy month locking energy when it becomes dangerous for the rest of society i want to call on muslims to take leave from work to bring the month of ramadan to would negative consequences for the rest of danish society i wonder if a religious order commanded observance over fourteen hundred year old pillar of islam is compatible with the society and labor market that we have in demo in twenty eighteen this can be dangerous for all of us. the outspoken politician clarified that bus drivers hospital workers or people operating heavy machinery are a danger to themselves and others if they haven't eaten all day the minister is already known for making controversial statements aimed denmark's muslim community

in twenty seven dean the politician posted a photo of herself holding a cake to celebrate the country's fiftieth measure to toughen immigration laws the refugee crisis continuing to divide denmark our guests earlier debated why people are so split on the issue. there are millions of people here in the united kingdom who are benefiting from muslim doctors muslim nurses most important drivers in people working in takeaways or restaurants and in every walk of life who are contributing to society as well as they are practicing their faith can we sure it sees other companies insurance is aware of those people who are actually fasting then becoming a risk not eating or drinking for ten hours nor do know these exceptions and if the person is not well of the issues in the can like to further period of time but surely the insurance company should know if your job in

a boss and your fasting then they should know it's common sense increases in traffic accidents do occur it is a fact i'm sure those drivers who are viable says around are having those conversations you know if stephen god forbid was to be admitted to a hospital and he was to be seen morse likely by a muslim who was fasting would be what he paused and said well i don't really want to be seen by this guy because he's a muslim and he's fast in the issue out here is that this is an attack against islam and muslims ability to practice our faith no it's not an issue of health and safety mohammed our outfit and safety will trump your religion. muslims are partaking in the health and safety conversations there is no way that is to suggest there is no evidence to suggest that muslims are deliberately ignoring health and safety all muslims are less able to carry out their jobs no one in the bush industry has ever talked down into

a risk of fatigue index when doing the rotors that should be in because that drastically affects them levels of fatigue index. germany's refugee agency known as barnes is looking into what is reportedly a mass bribery scandal possibly involving over a dozen. migrant office centers in the country the country's interior minister has said the extent of the problem could have consequences for him to internal investigation gets underway into claims immigration officers were giving people asylum illegally the federal migration agency now plans to review rioting thought and already approved cation some of which are suspected of being obtained with bribes it comes after reported twelve hundred asylum applications were approved with between twenty thirteen and sixteen in the city of braman one former official and five other employees are already being investigated. we're going to

new interview our bust of decisions made by the edge and see branch in bremen these are about eighteen thousand cases since two thousand and if the application is don't meet the necessary criteria we will consider whether these decisions to grant asylum should be cancelled were all the also considering sanctions against certain employees of the federal office for migration and refugees. well the scandal has sparked outrage even among some left wing politicians in berlin it is questionable whether the events in bremen were really the exception trust in the federal office for migration and refugees is shaken we won the office for migration and refugees to be able to waken accordance with the law starting now and not just a few years from now. as against the migration agency come as the confidence in the body is staggering really low with eighty percent of germans saying their trust has run out geo political consultant rymer office gave us some additional insight on

thoughts on the scandal. solemn seekers have said that they have paid one thousand euros to their lawyer and and they did not even have to show up in the man and it's obvious that kleeman has taken asylum decisions far too hastily without making also security background checks this might only be the tip of the iceberg and many more similar cases may have occurred in other. dependencies but by itself is not the real problem what is the real scandal is that the detection of the problems has occurred already in twenty fourteen and nothing has been done by by the former minister of interior. just to clarify we have reached out to germany's migration body to get an answer

and how many of its branches are actually under scrutiny if they reply we will of course tell you what they say that is all the news for if you'd like to know more than any of those stories why not log on to our team dot com for more insight i'll see you in just over half an hour's time with more global news from r.t. h.q. here in moscow. when else seems wrong. why don't we just don't call. me i'll get to see a proud display becomes active. and engaged equals betrayal. when somebody find themselves worlds apart we choose to look for common ground.

i don't think it is i would not be here. much better to straighten it all. out here a little. easier. hi i. am beamed it does. suggest that you are outside of the mark on the. by then coffee session more than are there. by then is a system on. a study listening to an audience that in most is going to learn more. songs certainly not so it. can be and also we should be noted that the pope multiple injuries among current america so don't put yourself you hold most of the work but it shows real your mercy on the phone to the book on the if you can book

a command of the symbols of the sea so you're welcome the book in a moral sense of the word month. hanumant of nothing on the left off allowed me to see it how on the something in the subways you are. on none of them are something that said i'm. not a celebrity huddles look ma says that's what i can and maybe i made the comment for the. oh max kaiser and this is the kaiser it for ever opening lotus of perpetual

knowledge hey you know what today is a very special day very special day special day stacy x. is pizza day remember i think it was back in two thousand and nine somebody bought some pizzas for some other gamers on line for ten thousand big coin which you know this week would only be worth about eighty million dollars you know they should have lily allen day you know lily allen was going to be hired to perform and being paid two hundred thousand bitcoin when it was just pennies a big point today though would be worth almost two billion dollars so she's feeling the smite of bitcoin p. today in her own way well many people in the cryptocurrency sort of space do feel regret often because of the way the evolution of big queen has happened as we've mentioned before in the early days we used to think it was a means of exchange and we didn't think of the future store a value aspect to it so i've been very still living in that these little living in

his own private idaho roger very then c. and b. c. has i'm on you know they talk about the old bitcoin of the past that's why the guy spent ten thousand bitcoin on a pizza because it used to be a means of exchange now it's a store of value everybody holdalls hotels hotels or hostels hostels hobbles however you want to pronounce it but we're going to talk about the old school you know financial world every once in a while we go back there and look and see what the dinosaurs are doing this is a headline that you predicted and eve said it many many many times right here on the crisis report over the past few years and that is the leveraged buyout of the stock exchange of the us equity markets this is what the slow motion l b o of this . mark it looks like l b o being leveraged buyouts and started by you on wall street the whole of that trend for leveraged buyouts but this is the chart from j.p. morgan it just shows you that stock available for the public to buy there's less and less of it as companies buy more and more the shares back at those of them for

a biography if i turned it upside down oh right of course well we have discussed this many times and i'm glad to see this finally getting some recognition out there in the financial press this phenomenon of neil feudalism coming back into the economy due to rampant mergers and acquisitions fueled by free money so what this all means is that the number of stocks traded on the new york stock exchange and other exchanges is shrinking because these companies are being bought out they're being taken private and using that leveraged buyouts just to refresh people's memory a leveraged buyout is that you're using the collateral of a company you're set to acquire as the collateral for the money you need to borrow to buy that company and then after you buy the company you return the money you borrowed to the bank that was borrowed to you based on the fact that you had put up the collateral of the company that you're acquiring so just think about that for

a second in other words like during the mike milken days of corporate raiders like carl icahn or ron perlman they would go to mike milken and say here's a company they've got billions of dollars worth of assets on the books i want to put their assets up as collateral to borrow that ten billion dollars i need to buy them and then they would buy them and then they would split the company up into many pieces and fire lots of people and raid the pension account and destroy capitalism as we know it and make off with billions of dollars and we ended up with america's oligarchies of billionaire corporate raiders which we now call activist investors and the trend has resulted in terminal capitalism where the rats. have been given unlimited credit and no regulations and they are killing the golden goose soon there will be no stocks to buy at all no opportunity to excel at all and we're back to serfdom is the road to serfdom for real about that fake

version that referenced fake communism but the real road to serfdom brought on by own frederick up a little actually when you were talking like that it made me realize that politicians have kind of tried to help as there's been a leveraged buyout of the stock market and entire industries and you see that with the company formation there are no companies formed anymore in america compared to what it used to be like in the seventy's and eighty's as a decline in the number of new company formations but in that time what has happened is the amount of deposit you need to put down on a property is basically offering the same sort of deal if you're certain class of person who can get a mortgage for one hundred percent mortgage member and during the financial before the financial crisis they were offering like one hundred ten percent mortgages and some places where you didn't need to put up anything they would actually give you a deposit they would loan you the deposit and loan you the money to fix the place up and then flip it so that was kind of the same model in order to keep this whole

scheme going it's called a ponzi scheme you know and it has various iterations throughout the financial sector and has been for hundreds of years and the only check and balance that's worked in the past to some degree has been the gold standard once the gold standard window was closed in one nine hundred seventy one it ushered in an era of pure financialization and debt driven corporate rating which has resulted in the rise of extremely bad actors like jamie diamond for example who is running really a herd of carnivorous vultures who are undermining america as we know it and as a result you know you can see it in some of the data. that isn't rough you know people's health people as people you know you've got another chart there i know i can feel it but i'm going to get to that chart because i'm going to stay with jamie dimon j.p. morgan because this date on leveraged buyouts is about them so if we can get to that other chart i'll get to that i found out you know and set up

a chart that's coming there's a dark coming that's going to blow your mind but when you first said when he said that finance you blamed bad actors on financialization i was thinking you were going to start talking about like sylvester stallone or people like that is that's where i thought you were going with that but i was a bit confused so here's j.p. morgan study that actual they put a time frame on when american stock market will be totally private there will be no public stock exchange in seventy seven years they said an analysis by j.p. morgan found that at the current rate of stock buybacks all else equal i east seeming no new stock issuance the s. and p. well l.b.o. itself in about seventy seven years while in other words they are doing some basic analysis to figure out at what point these stocks are completely gone from the public domain but i think that the timetable needs to be accelerated to maybe five or ten years and i'll tell tell you what because we are now experiencing the end of a thirty year bull market in bonds which means you are entering a period of rising interest rates and so the urgency to get deals done before the

any cost is applied toward financing whatsoever needs to happen quickly so i predict in the next twenty four months you're going to see the biggest wave of mergers and acquisitions ever in history by a factor of ten as just thirty or forty percent of everything that's traded out there gets gobbled up and taken private so now we're going to turn to those charts that you know that out for everybody in the audience has just been like not even listening to what we've been saying the last two minutes because they're like what are these are called cards coming out dramatic tension and i have actually two charts to say that it's becoming even more fantastic well life expectancy in the united states versus peer nations from one nine hundred eighty the u.s. has been falling behind the peer nations this is from the new york times and. the pira nations are japan switzerland spain italy for a stroller france luxemburg norway sweden canada new zealand finland the netherlands iceland ireland austria portugal belgium but in denmark germany so as you see they've fallen behind every single one of their peers are doing worse

despite what hillary clinton it said on the campaign trail was she thought that america was already great we don't need to be any better it looks like a different trajectory after a one nine hundred eighty this is the beginning of the whole leveraged buyout boom you were there from mike milken period that started i think part of that that cheap money the way of financing and financialization could be responsible for this compared to all those competitor nations the other wealthy nations of the world why the u.s. has done so poorly as you see this is the line out is how expensive your health care is and the line vertical is how long you live so americans are spending a lot more than other competitor nations on health care and living a lot less longer that doesn't look good that's financialization as well i think life expectancy is overrated you know america is a nation of goldfish you know goldfish will eat all the food you give them until they kill themselves. if you go to san francisco and you see people living the american dream shooting up smack on the sidewalk going to see the needles

everywhere dying in the street that's the american dream that's the american goldfish feeling the promise of the leveraged buyout to take all future revenue and earnings for the next fifty to one hundred years and compress it to one year and then extracted by the leveraged buyout of the private equity firm so warren buffett has killed like a hundred years of american history by taking all that revenue then job creation for one hundred years and compressing it through a leveraged buyout into the present day and then extracting that for himself so that's the very apotheosis of narcissism he's king narcissus in this in this ball of fire of discussed in fact a tom wolfe reference by the way who passed away recently rest in peace tom all fantastic writer part of the new journalism school in america when america was great so part of what the new york times piece looking at this data finds is that

since the one nine hundred eighty s. and i think it's part of financialization and the rise of these runty ace they just extract equity at that built by previous generations built by say apple extract all the equity from their company now built a company built by steve jobs and his innovation and his ideas well here we had the same thing is they we were equal to our you know other competitor developing developed nations at the time and then what happened is the rise of. basically like vast bureaucracies you would think that a socialist more socialist system like france or germany would have a bigger bureaucracy but in fact america has a bigger bureaucracy they find in their healthcare system vast paperwork anybody who has ever experienced both of the systems there are a lot of people right now on you tube saying now america's health care system is the best in fact it's filled with paperwork. and they said that almost all of the price rise rices compared to europe and japan and other competitors is

completely just a markup it's markup on services and goods and pharmaceuticals and stuff like that so because there's no competition so. it's the exact system of the road to serfdom that was predicted for the likes of europe but in fact european prices there's less of a market there's less of iran take classes less scalping there's more delivery of service you get less delivery of service and that shows in their results of life expectancy and actual health outcomes right you know warren buffett never invested in apple when it was a growth company yes you know he preferred catchup and chewing gum you know things that were really appropriate for a ninety year old so my senile idiot where is just like reading porridge all day and then he looks at the box of oatmeal and says i'm going to buy the oatmeal company there those he's drooling on himself and there's a naked.