sounds like it's going to be so i think at least it should be more time before the where do you start on this tonight as a former diplomat. well i think the british government are being very feeble with this they made what seemed time we could go through to be a principled position by boycotting the ceremony to mark the opening what's described as the american embassy in jerusalem but then days after it appears to be business as usual. many people say oh this is hypocrisy something like former diplomats former ambassador sir jeremy greenstock argue the america you have to do business with america if you want to have any chance of influencing them. personally would totally reject that i think it's laughable the idea that british diplomats in tel aviv by going up trotting up to.

joint to meet merican diplomats in jerusalem can have any influence over that n.b.c. which in the stewardship of an american and i suppose a very extreme i suppose it's laughable the other way i look at this is that business has to go whether you like that idea that embassy moving on all diplomatic business had to go on maybe behind closed doors britain made it very clear again or is about to make it very clear again how unhappy it is with that move or not you know it would be naive to say the business can go on as well wouldn't i suppose. this news can be conducted in different ways not necessarily by trotting up to receive marching orders from the american ambassador in jerusalem let's do a little sort experiment here let's imagine what the situation would be if russia

had for example recognized east jerusalem as the capital of palestine and set up or made its existing consular general in east jerusalem an embassy the british condition of being to continue doing business with no way no way there would have been. horrified exclamations legal arguments would have been found to justify position of having nothing to do with this russian embassy. it's double standards and i suppose it also undermines the other world leaders come to nation of this as well a kind of undermines their case doesn't it. it's a missed opportunity looks like it makes it look like trump is able to bully his way past the europeans and a very bad precedent in the context of iran peter ford former

british envoy to syria and daryn thanks ever so much for your time and coming on the program tonight thank you. donald trump's ordered an investigation into his own investigators we can report an independent inspector general will now look into whether the f.b.i.'s twenty six team probe into alleged russian collusion was legal or not and as caleb maupin explains it started becoming difficult to find someone that hasn't been caught up in the whole wave of suspicion over it all. the u.s. department of justice is currently expanding its investigation into whether or not its investigation of donald trump is legal are you confused don't worry so are lots of americans but 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 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 of them 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 trumps 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's 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. trying called him a disk. 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's 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 let in 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 some of these charges actually

stick. artsy new york but let's go back to a story question mark over whether or not this june twelfth historic meeting summit between the u.s. and north korea is going to whether it'll be delayed going to donald trump's mixed messages tonight said he was meeting a south korean counterpart moon is coming came the meeting of the two of them let's get some insight from talk to. the senior lecturer in politics international relations and. bath university a very nice part of the world good evening nice to see the presidents to actually and sort out the difficulties mr mone and mr trump so they can go forward united into this meeting with north korea or as it stands tonight not what you think is going to. i think. is very hard to tell you know where the twelve summit is going to take place in singapore schedule.

because i think at the moment the strong has to realize that the goals that he want to set for the summit is not entirely agree by mr kim jong un. and at the moment i'm sure president in is trying to a prayer role in trying to mediate between the tool so that to put them together however i think the gap between mr trauma mr. quite significant distance to travel saw we might expect this at the late yeah we're far gone so we saw a huge turnaround in the way you could have expected this meeting to having been talked about a couple of months ago and you're going for be on the scene a bit more talk about the background behind the scenes what have been happening but it seems to be unraveling we saw the alarm in north korea last week and earlier the u.s. vice president warned north korea might follow libya's fate if it doesn't accept the deal kim jong un said i'm going to walk away from it don't force me to give up

the nuclear stuff except for this seems to be a lot still very much up in the air here and you can see north korea is concerned i suppose. yes i think from the north korean perspective the. the the nuclear rice ation has to be completed not just by north korea themselves but also it involves the united states but for the united states point of view they want the north korean to be totally and completely denuclearized i think the procedure how to achieve that and the sequence of how to achieve that is the mail that rock between the two countries. what she got feeling on this was it was it just wishful thinking or do you think really at the end of the day there is going to be some huge massive breakthrough deal after all these decades especially all these nuclear tension lately do you think the united states is going to gail here

well i think the president of america first. agenda and its global policy for. a special is nuclear policy it is quite difficult to emerge in this present lot will be soon resolve or soon as possible as we might want but i believe the press of the moon jane do not usually and he was to persist even told the joint twelve summit will not take praise but i'm sure he will soon pose another summit in a different context for example is obvious a show all in the east asia summit to trying to draw all these. crisis into a larger international stage of course the big crunch is going to come from north korea for when it does in front of the public and press correspondent been invited there whether they do blow up demolish this nuclear test site that's

a real crunch moment which we will follow but for now said dr park then one who is a senior lecturer in politics and international relations at britain's part university thanks ever so much may live on the program appreciate it thank you. here on from the granville fire in london which seventy two people died a public inquiry is officially been launched it opened with emotional testimony from victims' families and survivors one spoke of how his son was stillborn just hours after the tragedy because the way you may find some of the following video coming up upsetting to watch so i told my son months eight. hoping is all about three. she's made of the hottest the serial. killers strip kosovo be.

more survivors will give their accounts over the next week or so the probe will then look at a wider issues like the government's response time and preventative actions the deer of chewed has been to the locals who say they are extremely frustrated at how little has changed. it's almost been a year since the devastating blaze and what's left of the grenfell tower can be seen here behind the scaffolding it's a harrowing reminder of

a tragedy that has left many questions unanswered. there are over a hundred tower blocks in london alone similar to grandchild and people living here want their government to make sure that it is also like that does not happen again it's like a here and now and we're still living in the same situation when we found out altered it was just it was when. it just costs special praise and just think it was cheaper to just the lives of so many people and see those photos in the street. so we know that it's obviously not safe before we could help in the going on at the moment for her to come on the program the homes were so what can the residents of tower blocks like these do in an emergency the advise used was to stay put but now

according to the london fire brigade is being changed to similar tain is evacuation because of the farmable clopping however the government is yet to ban it to resume promise to spend four hundred million pounds to replace unsafe cladding on high rise public housing projects just sixteen other tower blocks have had their alum in the employ of the material replaced with non combustible materials so all the authorities doing enough awful lot of government haven't done enough. to the needs of those of the state to buy going through in terms of the for that experience when family i don't think they're doing enough for them not nearly enough no i think the issue with the clothing they should have resolved upon our. choice i could see i mean to go against that one sort of coming over and the nothing. what struck me as i've spoken to a number of residents who live here at the child courts estate in camden is the fear in their eyes at the thought that they too could have lost their lives and now

they're after clarification from the government as to what's going to happen next to resolve those problems and action to be taken there dear tutor r.t. . while the u.k.'s housing minister says the government is listening to concerns i will discuss a policy review concerning a ban on flammable materials in construction. facebook bosses again find himself hauled before lawmakers to apologize for the exploitation of eighty seven million user data this time it was european m.p.'s questioning him about the social network's protection standards and its handling of the situation to when it was alleged that cambridge analytic and exploited accounts for years to influence users opinion said facebook is taking steps to prevent similar instance in the future but that still left many lawmakers unhappy some certainly spent more time asking their questions than he spent answering them check this. anxious from his new brave new

world mr zuckerberg has presented to us there was one question raised. to my question i asked you six yes or no questions i got a single. good comic sure we follow up and get your answers to those while emerged cause of march that fifty million facebook profiles have been hijacked by the british political data company although that was soon revised up to eighty seven million the public backlash or the facebook boss take up full page newspaper ads in britain and america to try to say sorry and explain it but that didn't stop the delete facebook hash tag from trending nor did it save the company real being investigated by regulators so the saga goes on it to talk about it with us know george barger a political activist and social justice from pain on the line from london either george so should we all breathe a sigh of relief facebook users a few still are if i still or is it a brave new world has. a tone have enough changes been made crucially.

i don't think so i think there's a sort of pattern that comes out from these these congressional hearings parliament hearings they're quite staged a lot of the time is taken up with questions and you know mark zuckerberg is quite practiced trying to seem contrite and actually kind of avoiding a lot of detail when whenever any really key questions are asked in terms of the detail his response tends to be not really sure i'll get back to you on it which i think largely these are sort of pieces of political theater to some extent that from facebook's point of view are to be managed to avoid really having to do that much to change it's unfortunate a bit of a way we did remember he's got a bit of a way with in the way kind of almost looks his appearance that he's a bit disconnected from it all you not feeling this great apology from the heart maybe a bit a bit me there i don't know what you think about that but i'm certainly as you saying all this is pretty well staged and each time i suppose it's a way for him to say sorry end of the day still

a businessman is needed still wants to make money out of facebook. exactly and i think that is you know we should be clear eyed about this this is one of the largest potential most powerful companies the world has ever seen and i think we have a bit of a problem in the sense that. you know in the last forty years so much corporate power has become transnational is that we seem to be reduced a lot of the time to kind of asking these billionaires and corporate owners to to kind of be nice and do the right thing but clearly the crucial thing is to move beyond this and look at how to regulate these these sort of virtual global empire is essentially that you know google apple facebook et cetera have become how we regulate those going going forward and how we make sure that there is genuine transparency in the public interest and you know we've only got a few minutes for the interview there are so many huge questions here and for me as an activist one of the biggest problems at the moment is in the name of of making sure that you know hideous unacceptable content is not on facebook you know such as

you know awful things or people being beheaded under the guise of that you have all sorts of changes making progressive content far more difficult to access and that as somebody who's been spied over recent years about the positive possibilities of social media to allow different voices those are things being marginalized in the name of dealing with the very real problems so i think that's something i'm very concerned about did you expect really to see any real any real me a cold i suppose it was never going to really be forthcoming was it where did all this kind of go wrong and if you see the whole idea of facebook social media. i think i think there's a fundamental tension at the heart of it i think it's brand is as this kind of you know almost a global you know benevolent act of allowing people to come together in fact of course there is a publicly listed company dedicated like all other large corporations to maximizing its profits. obviously the model of these companies is different to some extent in terms in terms of the value being seen in terms of their long term power as it is

very shortly to us that need to really change get out more only briefly when i got a minute it is anything good coming out of this for for the user's point of view. as far as i know that there's nothing particularly the new regulations in in europe have just come into force that putting some kind of controls on social media companies and allowing users more agency over what those companies how this can be straight information and access to that information but i think this is just one step in a very very long process of how we go about trying to hold to account so you know you u.s. based giant corporations that tend to be far more willing to do what the u.s. government wants them to do than any other government and the u.k. government has been trying to get zuckerberg to come to parliament to account for the very significant role the relationship between facebook and cambridge analytics seems to have played in swinging the e.u. referendum which is going to have consequences for the whole another story

allegedly george barter for now very little activist social justice company thanks revenue also on the program british aid it thank you for watching to it is now coming up to ten thirty one moscow time exactly can follow stories we've covered much more on our site dot com this tuesday evening kevin owen saying thanks for watching. it's.

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 a 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 coin 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 odds are very still living in that past that a 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 toddles 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 kaiser 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 that 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 neal 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 the 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

rot. 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 reference straight communism but the real road to serfdom brought on by own frederick upper lism 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's 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 data 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 that 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 astray or 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.