if you've got a few words to make the result you respect i would never compare anyone to cockroaches i think you can find a more. expressive metaphor i mean i know there is this whole controversy about the i think it was very fair i think i think you are undermining the column which still stands today twenty fourteen if you bring it up i'm going to talk about it twenty fourteen i wrote a column that compared migrants across the med to cope with it to give it reference cockroaches i sit there like cockroaches because they haven't in june they seem to be able to survive no matter what we were taught in schools the only creature that can score via the nuclear holocaust is cockroaches that still applies today and still the question is are you hearing about the right you know it's of words rather than the issue you were trying to raise as we stopped the boats know this nine hundred thirty two might actually be like what i'm saying whether that using cockroach was a nice way or only i mean while you are right which is where me resilience fish al gore well you could compare them to my questions and miles that would be

a bizarre way of writing copy and very poor english but let me ask you a question the aquarius with i think it's six hundred thirty two could be nine hundred thirty two i apologize for not knowing let's say six hundred thirty two migrants on board it has nowhere to dock it's really just said no we won't have you tell me what would you do about that if you're broken you own it it was in part western and primarily u.k. policy that created the massively bit and if you created that mess in those neighborhoods you should expect certain representations for yourself what you want culture which port was really won't. you guys have to chip in as well. but that's no solution so why is it why is it not solution just going to take on a foreign country or to send a special forces there to hold a live there and then refuse to accept them we shouldn't be running ferry boats across the med that's a no you are a common sense lady and what you're trying to tell. means that causes don't have

consequences you are simply trying to wish them away and i don't think that's a commonsense solutions i think you're overlooking this idea that people say they're running from something they're fleeing something in my opinion and it seems surprising to me i would think it's a moment sigs uprising to you why is it these young men of fighting age are running away but if it's that terrifying why do they have you know women have eventually i've been on the coast of southern italy trying to get those and i can tell you did they i did they leave their women and children behind if it's so terrified of that look at lots of my question well because first of all many of them are not married that most of the people who migrate into europe just the young men come here as it's so scary libya they leave the women behind really yes or they manage to bring their mobile phone really yes they were really yes because we completely disagree well we certainly disagree on that but don't you think that i mean i understand your point on immigration but don't you think that by arguing this line of argument you're also absolving your own government of its responsibilities because it did

contribute to the mass and you recognize that and the argument on syria for example you know this is where you got your policies and says aleutian is not to bring people on ferryboats run it by run by a charity and so on so many this illusion is in the country solution just as in syria and other migrant camps we've suggested facilitating in countries solution because of course you don't want to go down the money for the happy even you can already hear it allocating money that they believe the dish and all monies are not in so it's not enough to you of rebuilding the indians or certainly not to bring those people to our countries and i think the aquarius and n.g.o.s that are running the ferry service i think it's utterly irresponsible and all that it does is encourages more people to come and potentially lose their lives on the meds and that seems to be the opposite of what you would want to happen well let's take a very short break now but we'll be back in just a few seconds. i'm

. a. little. my song to the kids in complete stable boy tonight with. the cuckoo. cuckoo. which i did a. good job of to move this through i'm listening to the call to be a good show. to win the state.

does not. consider that. you must. welcome back to worlds apart with katie hopkins british journalist and media personality katie just before the break we were talking about multiculturalism and i want to repeat the point that you made earlier that you believe that the u.k. hasn't been able to achieve with what you have as in ghettos of individual cultures times rather than you know true diversity of the into the mixing of various cultures and yet you also wrote in your book and you made that point over and over again many of your interviews that you wouldn't let your kid play with anyone who

isn't called very good if you know i don't don't know let alone big big isn't dad be very. off terrorists cultural. this was less of a cultural thing in the sense of different ethnic backgrounds this is my spirit. i'm going to a state school in the u.k. and you could tell i had this kind of idea as a mom doing the school run you could tell what a kid would be like by its name and i still stand by that so the names that i hear tyler it will be destiny that all of these kind of you know no mention of any mohammad well mohammed if you think about it in the u.k. and it's shocking to me the number one name in the u.k. is muhammad the number two name in the u.k. so much. and i find that from a demographic perspective it's very frightening that actually by twenty fifty they'll be more muslims in the u.k. than there will be british person i find that actually quite distressing you know i

have a kid who is born into a muslim father he's four years old. he his name is different it don't know how many it is a muslim name but is it it is not one hundred but it is a muslim name i wonder well i mean i would have called him mohammad there but that everyone is called mohammed so how do you know who's your mom. i think in the rush i would have left her problem finding mohammad you a question if you have a list of how but first let me ask you a question would you ban your kid from playing with my cat because he has a. long as he had i mean it wasn't really done on names alone i could tell what it could be like with their names but it was about the fact that they were maybe would turn up to school without a home but they turn up without the right uniform they don't have the mammas that i prefer for my children i am. muslim families are not as. it was never about muslim families it was about the types of families that i met in the school playground in the types of mums i was a particularly keen on whatever we say we all know the mums that we like and the

mums that we don't like i was just really honest about it but regardless of whether you were referring to a british kid or a muslim care isn't that a fundamentally christian thing to say because you know you talk i don't know many things in my life i am not a good ambassador for the christian religion and i. a lot about christian values and a painting there you know i'm just criticizing my size because like if you see any of the stuff that i've done i mean i think many christians would want to distance themselves from me entirely but what i noticed about people with strong beliefs particularly here in subpoena to you know it's a joy to be surrounded by so many christian churches by the author docs people that believe so strongly ninety percent of people here and you know that i that's key thing i've finished the second thing i really think about the christian faith and what people in south africa are being persecuted is there's a real belief in god in the land and people need something to believe in and i really respect that even though i'm a bad pastor for christianity let me correct you

a little bit because going to try creates that this is one of the most atheist you know that's that's what you want well i'm very christian feeling city well let me ask me why do we want the iris or the beholder but if you actually pull people at me i say your question so you have a muslim husband right let me ask you a question for you sir forehead inappropriate islam is so fantastic why did muslims always flee to christian countries i wonder why because christian countries or western countries to be more precise tend to send troops to their countries destroy their goals and that might cause them out of their neighborhoods that's why because why come to christian countries why not go to saudi or another muslim country well because saudi does saudi arabia actually prevents. that muslim neighbors from going there and are they being who doesn't over the years why he decided to prevent migrants going there look i'm not an ambassador for the for the saudi government but i was very very why you think it is your ground it is

a repressive government isn't it because christian lands are free and tolerant and open and this is not the very thing that muslims try and change when they arrive in a country that's my question and my challenge in the u.k. when you when you say that i don't have an answer i don't see all around when when you actually open tolerant welcoming and they bring people to. practice religion and then they try and take over and here you actually and publicly advocate for the rejection for the shining of children for the ostracizing and of children based on their names yes and the e.u. you call the tolerant an open door i'm not saying i've said a million times i'm not a great ambassador for being christian but i'm asking you why do muslims always seem to come to christian countries and then want to take over what i thought they're actually trying to answer because so many western countries wage wars on muslim goes out why not go out why not go to another country where is when your house of the president home when you have a kid on your hands and you try to find any refuge literally you would go across

the mat mediterranean even if you don't know how to swim you would do anything possible for you. and your although we don't see any women and children on the boat we deceived even though i would agree that the primarily six hundred twenty something on the equator is eleven children we don't see many women and children i promise you while i have reported extensively from the ground both and we've been serious and believe me i also i think you have for me some credibility and there are i'm not where they all show the children in desperate conditions but it is more difficult for them to move around that's for sure now. i want you long enough to conclude that there are some issues that are very close to your heart that i think you believe in passionately and yet there are those things that you seem to be there out there out there for controversy just simply propel your argument can you yourself tell one from the other i think it's trite to imagine that i say

things just to be controversial and you would not withstand the level of attacks of police harassment of detention of having my passport taken of social services being called on my children my family being under threat of having to jihad these plot to behead me in nov twenty seventh i don't believe you would withstand those levels of people trial trying to silence you if you didn't believe what you said it may convince you or not i'm not seeking to i'm only trying to give people an understanding of what it's like to try and speak freely and openly with my views which are known for being very strong so you would have to really question yourself why would i do this if i didn't really believe what i say and i believe my country can be better i believe in donald trump but i believe japan russia and america are going to be the three leaders that fight back against the globalist so that's my kind of part of my fuse yes of the putin here as well you mentioned the silencing

of dissenting view yeah i totally hear your i personally have been looked into by a couple of times but i would at least agree with you that there is a political censorship pro-labor all political censorship going on in a number of western countries but when i hear certain views again and postulating that children could be mistreated because of that names that's that's that's not that is not a fair summary of what i've said i don't know that it's not a fair summary of what i said i said i would invite certain children to my house if you know it's not me. i don't know when you are feeling rejected feeling rejected it is pretty painful for a child i can tell you from my own experience i'm pretty sure you had that experience yourself in your life so when you say that certain children are not to be engaged families are to be looked down to and you know healing that point to be fair. there's plenty of other arguments we could have apart from

a child children's names anyway when you raise an issue like that some people may indeed support the argument for a certain degree of censorship don't you think that by laying out something as controversial as we just discussed you actually provide a motive i just i think you really aren't really you are a new political entity laboring a really fast point i think the reason i have so much the pool the reason i have a close to a million followers on twitter the reason the articles i put on most read and most viewed is because people identify with the things i'm saying because what we no longer have in the society of people that will tell the truth to power and i'm not a tool front of that i'm not at all frightened of saying we need my country back we should not be bound down to people who try to see if there is no different those things really. about between criticizing your government on irresponsible migration policy which flies arrant talking about children oh i don't know if there isn't is just not in discussing this not is on they are instead to serve to be parents that

they aren't good enough parents also but how do you treat you just taking offense on behalf of other people many people agree with me and disagree with you that's also ok we can be relaxed about it and but i don't understand why do you have to because you're only ever seriously very passionate why do you have to mix those various i don't mean that i'm a martyr i'm home a wife i'm a pretty poor christian i'm a traveler i'm an anti immigrant kind of personality i believe in politics i'm many things i'm not just the kind of person that sits in front a camera a big part of who i. it is a mom and the moms who don't really deserve to be moms because they don't bring their children up properly since our time is running out i do want to ask you one more question about censorship i know that you are very concerned about the tommy robinson case a very swift sentencing and jailing of a person for their reporting on a politically sensitive case in defiance of

a court order and a majority pakistani muslim. from what i know of the british system has a long tradition of legal precedents do you fear that you yourself with the views that you hold may find yourself in a similar legal situation i imagine are probably on top of the list now for being imprisoned for my views and what concerns me about tom ronson not people say well he was contempt of court he shouldn't be reporting now i understand all that i think the two key questions are or where was the swift justice for the majority pakistani muslim paedophile gangs when tommy robinson was sentence in five hours to thirteen months and secondly i see it very much you have the scriptural case here or there was an alleged to have poisoned individuals on u.k. soil i don't see any difference between this cripple case with putin and what our government has done to tommy rope and they put him in prison he will not survive in

prison one guard let the muslim gangs into his cell he's done so i think the british government is no better than putin in any regard because it silences political people that it doesn't like to hear just in the same way that it's alleged that putin did so we are no better than russia if you are concerned that you may be next is that going to change the way you know not at all your authority if i am imprisoned for my views then it seems to me it's not the truth teller that will be in the wrong it will be the or thora t. and i would hope that there were. be a new legion of all of the outspoken individuals like myself that will come and fill my shoes and i will write a new book i guess the group behind bars well they've been talking to you thank you very much for your time thank you and courage are here is to keep this conversation going in our social media pages and for me hope to see you again same place same time here and also part.

short term gains at the expense of a longer term growth saudia said it best thing is to feature it in products and employees you're taking all of future revenues if you're booking it today just like the man is buying back all the stuff in his own store yes he bought back all of a stuff in his story he has a lot of revenue but now a store is empty and he has nothing to sell so the next quarter he says my sales are zero because i have nothing in the store to sell i bought it all myself so similarly with apple fell by about all their stock they wanted best in the future and when it comes time to report earnings in

a year or two from now they'll have nothing to report. when a loved one is murder it's natural to seek the death penalty for the murder i would prefer and it means to me death penalty just because i think that's the fair thing the right thing research shows that for every nine executions one convict is found innocent the idea that we were executing innocent people was terrifying news just move the present and that we're even many of the times families want the death penalty to be a molar the reason we have to keep the death penalty here is because that's what murder victims' families what that's going to give them peace it's going to give them justice and we come in and say. not quite enough we've been through this this isn't the way. to.

russia gets a dream start to the people will come up with the host nation thumps and saudi arabia five of those luzhniki stadium. for the latest on that you can head to our. for the financial news in the report.

hi i'm mary scars or this is the closer for well let's get into a show hey max i want to show you a hockey stick sort of chart you know it's a good time to do it during the stanley cup well one month treasury bill eels this is quite remarkable going back to two thousand and nine to june twenty eighth you see that it has soared ninety one fold from its low in june twenty fifteen when it was point zero two percent now it's one point eight two percent a nine year high that's remarkable ninety one fold increase in the old it's just it's on the one month treasury bill you know that shows that banks don't trust each other so banks are not lending to each other so credit is freezing that's what a credit freeze looks like we saw in two thousand and eight and then the global

financial crisis in suit and a required twenty trillion dollars worth of fresh central bank printing of money to bail out the banks and then they used the money to increase their balance sheets and risk by a huge factor and now are at the stage where it's going to collapse all over again but in a much more spectacular way so that's what that's what that's telling us if it if that continues then yes we're on the verge of another leg down of the global financial crisis it did start you know this soaring of the yield started right as trump was elected so the bond market is moving in one direction stock markets are booming obviously and that's done well under trond and part of it and i'm going to get to that in a bit is to do with all the share buybacks as well and trumps new tax legislation which has seen repatriation of overseas fund so thank shares had an all time high. as well this is another chart from the same guy facebook all time high apple all

time high amazon all time high netflix all time high now is that one hundred all time high you see they're doing quite well maybe the bond yields are not doing as well but certainly the share prices are doing well yeah absolutely monopolies are alive and well in the platform stocks like amazon and facebook others that dominate that space yes so those are all the big online social media platforms they're all doing well and they're they've been soaring in the nasdaq is that a new high the last time we saw this high was back in two thousand and two thousand right on the dot com bubble crash last one now is this sustainable is this not well we'll street dot com they look at it and you know wolf richter over there does a lot of analysis of the housing market of the auto market of stock markets of bond markets and he says you know he looks at what's overvalued what's not and he gives some reasons for it so it's

a good sign we've interviewed him many times but his article here on these dot com shares and there are soaring valuations in the soaring stock market he's got an interesting explanation for this huge new prop under the stock market is a one time affair crash insurance with an expiration date but it's working while it lasts in may with great and perfectly orchestrated fanfare u.s. corporations announced plans to buy back one hundred seventy three point six billion dollars of their own shares sometime in the future it was the largest monthly buyback announcement ever and some of the announcements were expertly time to overcome operational debacle so again he's looking at their actual results and he sees a lot of operational deficiencies there that would normally impact the stock price but they have time to. share buybacks to have huge announcements biggest ever one

hundred seventy three billion that were announced in may now one hundred billion is from apple alone but they as he points out have not even finished apple corp has not even finished doing their last announced share buyback so whether or not this was ever materializes another thing but a lot of this has to do with this repatriation of all their overseas allegedly overseas funds well the problem is by way of analogy if i had a convenience store that sold lots of stuff in the store and my revenues that i reported at the end of the year were based on my self buying the stuff in my own store so a den of the year i said i bought all the toilet paper and i bought all the twinkies and i bought all the anti-freeze and i bought all the twizzlers and i bought all the beef jerky i bought all that stuff and i booked huge revenues ok that's great i should be worth a lot of money because of all the revenues that i have created by buying back all the stuff in my store you should be in the government if you know that's what

happens if you're buying back your own stock you know not creating any earnings well the last episode you were talking about the collapse of the soviet union and the united states would not be far behind that of course sounds like a soviet model a communist model is that just buying back your own stock now what steve jobs have done this i mean would he be buying back one hundred billion couldn't he find a better use for one hundred billion dollars if it's one hundred billion dollars buying back your stock share great your shareholders are very happy but are you know is the future. does that future look bright if you can't find anything to spend it on creating short term gains at the expense of a longer term growth yes actually so you know sort of vesting into defeater and products and employees you're taking all of future revenues if you're booking it today so just like them it is buying back all the stuff in his own store yes he bought back all of his stuff in his store and he has a lot of revenue but now his store is empty and he has nothing to sell so the next

quarter he says my sales are zero because i have nothing in the store to sell i bought it all myself so similarly with apple they'll buy back all their stock they won't invest in the future and when it comes time to reporter earnings in or two from now they'll have nothing to report well i'm going to get into why this is basically just a blip because of the tax legislation that passed but you know as you were describing it buying back your shares it's a lot like what the private equity model we've seen across retail sector we saw toys r us just go bankrupt was shutting down hundreds of stores are having liquidation sales everywhere and they were driven out of business intentionally really by private equity firm that bought it with their own assets assets the stock value of toys r us and then give themselves four hundred million dollars the whole company class people that were working there for thirty three years get zero these guys who came in for a few months destroyed it and then you know now it's left as a carcass and that is essentially what apple is doing at the end of the day it's

might be a longer term and there might be some fancy products in the meantime but wall street says about the tax how the tax legislation the new law has basically incentivize the share buybacks he says the no trim tabs provided as to why the share buybacks are suddenly blowing off the charts is key the corporate tax law has changed concerning the repatriation of overseas cash that represents many years of untaxed profits and vested mostly in u.s. treasuries and corporate bonds this quote unquote repatriation is a one time affair one. these limited so called overseas cash has been repatriated and spent on share buybacks dividends and executive bonus is gone and then what these immensely overvalued shares will then have to find real buyers but for now companies are selling their treasuries corporate bonds which have taken a beating recently and are using the proceeds while they last to buy back their own shares at historically overvalued prices right you mentioned leveraged buyouts

there so instead of a company doing a leveraged buyout on buying another company they're doing a leveraged buyout of themselves they borrow lots of money and they buy back their own stock and they're taking this old private and they're taking the entire s. and p. five hundred private and the people who are left will be a private equity stock owners to run the economy without any participation at all from the general public who already owns less than twenty percent of the stock market owned by the average mom and pop out there will drop down to less than one percent and then you know what's the new road to serfdom this is the new road to the american serfdom yeah and in terms of toys they're asked by the way go in bankruptcy last week and liquidating you know new jersey politicians where they were shutting down operations were like oh you know this is this is horrible and we this is not capitalism but that is what we have always rustam go bankrupt that's like saying a man that was shot in the chest got in the way of a bullet that happened flying in that direction they did not go bankrupt there was

a concerted effort by a private equity to load the company full of debt in exchange for cash that cash went on to the books of the private equity group the debt stayed on toys r us is unsustainable debt and it was a manufactured collapse just like a mafia don will bankrupt a restaurant or something of that nature by having them take on a lot of debt for the insurance money here they're taking on a lot of debt for the equity extraction that was engineered by the private equity firm this is mafia economics yeah but who's on the other side of that somebody had loaned them that money again i don't think a lot of the money and if they ever. bank can't meet the obligations of their own books they go to federal government for another bailout it's called keeping interest rates at zero percent if interest rates are at more than one zero percent there would be no money for these mafia like leveraged buyouts and stock repurchases if interest rates are going high in the short term in the cross the fraud and the cross of terrorism goes up then they'll be less obvious as i've been saying for years the way to stop financial terrorism is to read.