peace you know declaring the end of the war yes that is between the two koreas and it is not for anybody else whether it's china or the united states or any other country that was involved during the korean war or the united nations which was the official come right at and to be involved the two koreas must decide this but let me also point out that peace does not equal stability on the korean peninsula also does not equal unification ok which also does not necessarily mean that the end of conflict or hostility so these are all different things which also does not mean the end of north korea's missile programs or the end of north korea's threats or the end of the north korean regime or the end of north korea's nuclear programs so all of these issues are all completely separate and the world different countries in the region and americans we all need to understand these

a separate issues and i think everybody just thought that on june twelfth that president trump and kingdom would want sit down and suddenly americans and everybody else would feel safe if well the summit succeeded or if it failed we would suddenly go to war well it's simply not the case but i think the media and gareth you've been talking about this i mean the media's been pretty shameful in the narratives that they've been pushing but that almost has everything to do with domestic politics in the united states and let me go to gareth theory because you wrote written recently on this topic go ahead. well yes of course it's true that the media have played a very nasty role in the run up to this summit really trying to discredit the idea that there could be an agreement that would effectively denuclearize and i guess i from from what i heard. say just a moment ago i think i disagree with the conclusion that there can't be. a

connection between the various aspects of a peace agreement. between the united states and north korea as well as between north and south korea and denuclearization i think there is every reason to believe that those two things are intimately connected i didn't and they have said ok i'm going to go i am happy to well you are going to reply finish up your point there get at them ok ok so the point the point i want to make the point i want to make is that the media have been saying that north korea has no interest in ever giving up its nuclear weapons and that i think is simply not supported by the historical evolution of north korean policy excuse me they they have in fact. made it clear that they believe that north korea's interests lie in reaching an agreement with the united states and that their nuclear program as well as their

missile program have been aimed at ultimately that outcome yeah that was that was part of what i wrote about in my latest piece starting in two thousand and thirteen when kim jong un came in to power he immediately embarked on a build up its true nuclear and missile program that would give him more to bargain with but it was also made clear to americans who met with the north koreans in two thousand and thirteen that the intention was that when the united states was ready to negotiate seriously north korea would negotiate on denuclearization in order. to achieve that ultimate goal ok if you're in the peace agreement let me let me jump in here i want to go but what about being a giver forty seconds reply before we go to the break go ahead i'll be in in washington go ahead what well first i didn't say that it can't be linked i just simply said that they don't necessarily all linked together so so i don't think you know i don't think we necessarily disagree on that what i will dispute though

however is your conclusion that north korea will bargain away these nuclear weapons and the reason i say that is that the nuclear weapons are a strategic. nuclear weapon serve a strategic purpose to chant i don't think that the nuclear weapons well absolutely they are a deterrent but the purpose they serve is not so that the united states will provide the sick security guarantee it's not just about the united states ok but being absolutely right now not just a let me just let me jump in here we're going to go we're going to go to a short break and after that short break we'll continue our discussion on the singapore summit with our. financial guy i don't. i'm on if you.

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welcome back to crossfire where all things considered we're discussing the singapore summit. ok let's go back about being in washington right before the break here trying to finish up a point go ahead. the single biggest mistake that people make when analyzing the korean peninsula is that the focus is on the united states i agree you have to understand that for the entire hurrian peninsula and remember that north korea and south korea have only existed as separate entities for the last seventy years korea has been around for two thousand years for two thousand years korea has been surrounded by great powers united states has only been around for as far as korea's

been concerned for one hundred years so for for north korea the united states for the last seventy years so for for north korea's nuclear weapons united states is only one actor so so the nuclear weapon serves a strategic purpose about independence and security for all the great powers so even if the united states provides a guarantee of independence and security for north korea now it's still about independence against china russia and potentially any other great power that threatens the korean peninsula in the future ok you said that is why north korea will not give up its nuclear weapons ok to the united to the about every other state power to the united states are you getting i mean. brings up a fascinating point because when watching kim and trump signed the document and then the. spoke to reporters and then and then try. rather strange i have to say

encounter with the media afterwards because it was so vague. what does denuclearization actually mean because we really don't know what that means ok because well being a brings up a very good point and and so it's still kind of a here and that's the obstacle here i mean we had a lot of optics you know photo ops and stuff like that in the look good it was felt good but now there's the hard work ahead go ahead carol. well you know i don't think it's really quite true that we have no idea what denuclearization means well i mean like the like and time like a time frame like a time frame ok i mean and then sanctions i mean if that's a day eisley if it takes five or seven years to go through this and and then sanctions are only dropped then i mean again this is all really really they go ok i'm for this process very much for this process i very much agree with what del being is saying but it's a korean deal that has to be worked out here but i mean filled the lid language

here is so very vague ok and expectations are higher than they were go ahead carol . you know the the language is vague and i think that's to be expected but but i think that both sides have agreed on a principle of that there will be a phased process in which both sides will make certain moves in tandem with one another i think that's the key to this and that means that the north koreans have agreed to basically get to have the the destruction of nuclear weapons or process that obviously would be i.a.e.a. driven watched over. to get rid of the nuclear weapons as well as the capability to deliver them. certainly liver them to united states at the very least and that process of figuring out what the precise relationship is in terms of

time between the different steps and which steps go with which is obviously a very detailed process that can't be done in a few days or few weeks it's going to take some months to do it it goes i think the agreement at this point has gone farther than any previous agreement in this regard and i've looked at the record of what happened in the clinton and bush administrations the us government was nowhere near where they are today in terms of agreeing to the kind of. sort of arrangements that the phased mading of denuclearization with the political security moves and economic moves that are contemplated in this agreement so i think that this is really on track and i think i have to say that i disagree with the idea that north korea cannot exist without nuclear weapons if you go back to the early period of i don't think our

leaders there was a ok ok well i thought that was the implication i'll be glad to have you clarify it but. i want to simply state that i believe that north korea does. that the north korea does believe that it can exist. securely without nuclear weapons as long as it has certain preconditions that have been realized so you're saying security guarantees i mean my pompei i came out and said that ok you want to jump in that's the whole point of the program go. ok well let me again clarify i did not say that north korea cannot survive without nuclear weapons all i simply one more time nuclear weapons serve it is one simply one tool of serving the purpose of independence and security for the currying peninsula now can other substitutes be served that purpose absolutely

and at some point north korea may decide that something else can be substituted for nuclear weapons in fact north korea and kim jong un may have decided that another asymmetric weapon could easily in fact be much more efficiently serve the purpose of nuclear weapons and in fact perhaps cyber weapons for example could actually substitute and be much better than nuclear weapons that that is that in fact what may have brought him to the table i don't know so yes i agree he north korea could have made that decision i don't know so absolutely i'm not saying he it has to be nuclear weapons so that was my point ok now i don't know what statement you read but that statement absolutely is not the most comprehensive go back and read the six party agreements and i don't know why you're referring to the agreed framework the six party agreements was absolutely the most comprehensive this statement signed yesterday was

a joint agreement and it completely just reiterated in the vegas terms every other previous agreement that was already signed by north korea it simply reiterated in the vegas terms everything that was reiterated that is simply all it did ok with me and it just restarts all over again occasionally but this time it will be done with it i think this time it will be different because we have historical precedent and it's called libya and it's also the u.s. walk. in a way from the iran deal garrett this is what really is interest it's an interesting mix right here because it's a question of trust i mean why you know i if i were in the north korean leadership i'd be saying well why would we go down a long road of negotiations when this president in this country that we're dealing with walks away from internationally agreed agreements i mean this throws into the mix here and of course bolton really wanted to poison the well when he was saying yeah the libyan example you know and of course i don't think trump was aware of it

when he was backing it up at the time ok. the point the reason why i'm saying that because i saw his press conference and he's kind of thin on historical facts ok so i mean about libya talk about iran when it comes to the north koreans go ahead aaron. well we know that the libya model that was advanced by john bolton was aimed at sabotage again the whole process of reaching a summit and beyond and that failed fortunately for very good reason that both trump and kim did not want to have that interfere and both took steps to overcome that obstacle and i think that's why we are talking about the summit as we are now but i think it's not just the libya model that is the problem in terms of trump in terms of mistrust and trump it's really the wider

much more fundamental problem that the u.s. political system has a serious difficulty. actually reaching right an agreement that can be then transferred from one administration to the next it appears that we've lost the ability to pass international treaties in this country and that i think is a serious problem that i'm sure kim jong un and the north koreans have been thinking about they're going to insist i'm quite sure on a treaty and the question i have really is whether at this point the u.s. congress is going to be willing and able to deliver on an international treaty surrounding this agreement but being as usual you want to jump in your hand. let me point something out first of all one more time. please understand that not everything is about the united states no no no harry i don't hate of all hang on hang on well being to him no. my point is no no my point is very different than

nuclear weapons my point is trust because i know. you could talk as you can talk about size when you can just about thirty or nuclear weapons but you have to talk about the ability to negotiate go right ahead and go ahead you brought up libya iran and trust so that those are the three things i would like to address go ahead number one trust is simply i think over and for an international relations trust to simply over emphasized let me point out that north korea the korean peninsula has never trusted any neighbor ever for two thousand years you have to understand the mindset of the korean peninsula the world. has been. then was there are some and

then why would somebody if they have no trust of outsiders why did they have put on this whole shirov in singapore to this and i sense to me i mean if you they see a chance certainly want something that you why they said go right ahead go right ahead so let. i'm trying to explain this so the korean peninsula has been an independent kingdom for almost two thousand years so it but it doesn't trust its surrounding powers because it has been constantly invaded and for the last one hundred years it was colonized its sovereignty was taken away and then it was divided and both sides both korean side to the north and the south believed that it was divided not because it wanted to be about ties by the great powers and that it went to war ok because it was forced to and that the south is occupied now why did kim jong un come to the summit because it wants it wants recognition and it wants

to assert kim jong un wants to assert his legitimacy and he wants to be recognized as a world power that's why he came to the summit now whether or not he was going to give up i didn't bargain away the nuclear weapons we still don't know we still back to libya any ron so. we still don't know yes that is correct now back to libya and iran north korea does not believe that libya and iran are good examples yes north korea follows other countries but north korea says we are unlike any other country here's the thing ok this is a very it's very enlightening ninety four anybody anywhere but out of time gary speed to be any run out of time many think so my guess and once you've been and and thanks to our viewers for watching us here at r.t.c. unix i mean remember across the troops.

anyone else still seems wrong why don't we just don't call. me. yet to see plows. he comes to counseling and it. equals betrayal. when so many find themselves worlds apart. just to look for common ground. in a world of big movie lot and conspiracy it's time to wake up to dig deeper to hit the stories that mainstream media refuses to tell more than ever we need to be smart we need to stop slamming the door. and shouting past each other it's time for critical thinking it's time to fight for the middle for the truth the

time is now for watching closely watching the hawks. welcome to max keiser financial survival guide. down. yanks this is what happens to pensions in britain. as a report. this is from bus broadcasting around the world from right here in washington d.c. i'm part children thank you for joining us coming up in singapore president prompt and north korean leader kim jong un signed a document today asserting that the u.s.

president would provide security guarantees to the north koreans in exchange for the north korean leader's unwavering commitment to complete denuclearization of the korean peninsula what does the rest of the agreement say and what would a reduction in tensions and ending of sanctions mean we'll get to all of it starting with international attorney and trade policy expert in and we will wilkie who is standing by and r.t. alex behala which also joins us to look at the economic opportunities that could come about if we got rid of the north korean sanctions particularly with regard to an important pan korean pipeline plus there's new data out today is the consumer price index increased at its fastest pace in six years and the u.s. federal reserve open market committee begins two days of meeting last danielle de martino both about it and about other economic indicators to catch up on exactly where the u.s. economy stands and what to expect for the remainder of the year all that directly ahead but first let's get to a few headlines. amazon has come back to win

a second round in the battle in seattle on affordable housing we reported here on the push for a so-called amazon axin c.l. to fund affordable housing and homeless services yesterday guest of the show seattle council member seamus to want tweeted that the mayor and city council plans to repeal the tax entirely at a meeting today this is all happening as we were going to air a proposed tax cap that five hundred dollars per employee at companies with over twenty million dollars in local revenues provoked amazon to threaten to scale back a major downtown construction project the tax was then reduced to two hundred seventy five dollars per worker and passed unanimously but amazon starbucks and other large companies led by the local chamber of congress hit back by funding a referendum to repeal the tax now only councilwoman so want and one other member of the nine person council say they will vote against repeal of the amazon tax even as housing advocates say seattle remains in

a severe housing crisis we'll have more on this story in the coming days. and bad news on climate as china's carbon emissions are set to rise at their fastest rate in six years according to a new report from greenpeace the environmental group examined official chinese statistics on emissions from manufacturing of call cement oil and gas the researchers found that carbon emissions from those sectors rose four percent in the first quarter of the year china is estimated to account for roughly one quarter of global carbon emissions carbon dioxide emissions global carbon emissions rose in twenty seventeen after three flat years experts say getting china to turn the corner and greenhouse gas emissions is critical to mitigating global warming and climate change in related news the u.s. national oceanic and atmospheric administration announced that the planet has just experienced the hottest month of may ever recorded the average temperature for may was five point two degrees fahrenheit above the historical average.

and is singapore president trump a north korean leader kim jong il who did a lot of handshaking and backed flapping amid the historic meeting and they signed a document today asserting that the u.s. president would provide security gains for the north korean leaders on was a sion of the korean peninsula security guarantees were not detailed in the document in fact not a lot with details but what does the rest of the agreement say it isn't too long and just contains a four bullet points so we'll put it up on the screen it says the united states and the d.p. r. k. that's the de a misnomer but we'll leave it at that for now say they commit to establish new u.s. d.p. r. k. relations in accordance with the desire of the peoples of the two countries lasting is stable peace regime in the korean peninsula all good kudo's if that can occur and reaffirming the april twenty three twenty eighteen penman joam declaration the

d.p. r. k. commits to work towards. complete denuclearization of the korean peninsula and that agreement is the agreement signed at the inner korean summit by kim jong un and south korean president moon j. in in late april about peace prosperity and unification of the korean peninsula and the fourth goal is the united states and the d.p. r. k. commit to recovery peel away m.i.a. remain including the intermediate repartition of those already identified fair enough but what does it all really mean we are in trade expert in wilkie thank you so much for coming back we really appreciate it what's your overall general take on this thanks for having me back barca to be here i think this. was a mixed bag at best the united states president donald trump gave away a lot by even meeting with the leader of a second rate dictatorship who imprisoned his citizens for political crimes and assassinate people with w m d and foreign capitals so at first blush my response

to today's communique were again on our underwhelming on the so let's talk about the specifics i mean if we can denuclearize if somehow no way but somebody could help denuclearized north korea that's a great game great game but it is a game that north koreans play to draw these things out secretary cohen former defense secretary william cohen and former u.s. senator said is this could take ten years so this is not something that's going to happen anytime soon figuring out where all these places they would need to denuclearize this is a long game they're playing right this is a long game i mean even up to fifteen years if you take the word of the six freed hacker from stanford who's an even more adept expert at the denuclearization technicalities what we have here is a country with a very well advanced missile program including

a multiple independently targetable reentry vehicle intercontinental ballistic missile. they're not going to give that missile up immediately nor are we aware of where these missiles are so denuclearization is a process that i surmise belongs with the i and the united nations not with the united states and you can do not correct we do not have the personnel or or the ability to get in and do a proper job of denuclearization verification ok now one of the things that the president said it was it that i i read for everybody but one of the things he said is his war games the president called them with the south koreans now that is one of the things that north koreans wrote about this was a really expensive thing but you know we do these things for a reason to be ready to confront a possible. conflict particularly when there's a nuclear threat there what do you make of that determination by the president to

say that we're not going to do these war games anymore these war games have been going on really nonstop since the end of the korean war in one nine hundred fifty three so they are absolutely part and parcel of the defense relationship between south korea the republic of korea and the united states we shouldn't be stopping them unless we get something directly in exchange in return from north korea and i would posit that the thing we should obtain in exchange for canceling joy drills is the cancellation the permanent cancellation of rocket test the nuclear tests if donald trump had been smarter at the singapore summit he would have come home saying look at what we have here people we're stopping joint drills and he's stopping nuclear tests and mistake there's a real possibility that north korea will continue to actually test missiles i think there's absolutely that possibility particularly since they have the capacity to send satellites into space and they can say well we're just shooting up this rocket today to put satellites x. into space while it's actually giving them

a lot of valuable data that they can you know their eyes she certainly make the present present trump look for a. let me ask you you know we talked a couple of weeks ago about sanctions and and more often than not they maybe don't work have they worked with regard to north korea in look at north korea today we have a north korea that is equipped with this missile i've been talking about that is able to reach chicago and possibly even this town we're sitting in a large lot and then to the bargaining table even if we're not striking the right bar sanctions blew up in our face in north korea they drove the north koreans closer to the chinese and russians so by by trying to punish them financially which the united states always reaches to first as its as its first tool we ended up geo politically moua lining them with with the russians and the chinese so i would say no sanctions have been counterproductive this is an economy that is not very subject such as iran to sanctions pressure or russia to sanctions pressure so they

have not worked in north korea the way the united states and the united nations wish that they would have in we welcome international why our trade expert thank you sir for being here thank you very much appreciate it. and while we are a long way off some like i mentioned former defense secretary william cohen who says it could be a decade what would be a stable north korean peninsula mean in terms of economic opportunity one possible initiative we may see sooner than later is a shared gas pipeline between north and south korea and russia is hoping to cash in on that argues alex mahela vision's following the story in toronto alex we are obviously in the very early stages of north and south korea having closer ties but you can be sure that the nations of the world are already looking at the potential benefits of a peaceful korean peninsula even if it takes a number of years tell us about this pipeline idea. we know that north korea is.