Skip to main content

tv   Boom Bust  RT  July 5, 2018 8:30pm-9:01pm EDT

8:30 pm
i spent weeks traveling meeting military chemists going to live bora tories learning about the new the chocks it's a group of different nerve agents sixty odd of them most nova chalk riots ease the cake quickly so if the substance is left out in the open it decays. warts and loses its toxicity if it isn't a huge pot but the third and perhaps biggest question how have these two survived so far. we can see. for those in minutes if it gets in the skin symptoms and can take from minutes to. these is one of the dead years substances in the world look one drop of a new virtual in liquid form is enough to kill ten average weight men and now you have these two who were found and treated hours after being exposed so far
8:31 pm
it's all muddled baffling and downright bewildering what i can see if there were we also talked to a former u.n. chemical weapons advisor about the specifics of the incident. well when we talk about continuation how effective it was we actually fall into the trailer or. idea that was thrown in in the u.k. mass media that there was a problem of continuation but let me tell you these. compound chemical is a prosperous compiled. i can't imagine how. prosperous compounds like. the such structures. could still environment for four months to be fact if you had mechanics imagine that some british citizens found a computer opened it and drank. it all something this is
8:32 pm
a terroristic act. it was conducted years british citizens and i can't imagine that was done by secondary continuation this is to my the stinney as a chemical weapon expert. i can imagine a scenario with the second the implementation. now there has been a second night of violent protests in the french city of nine tova the death of a twenty two year old man and shot by police on tuesday protesters clashed with officers throwing molotov cocktails and starting fires in several districts police say that the young man refused to comply with orders and had reversed his vehicle into an officer while trying to avoid an identity check he was previously known to authorities and investigation is currently under way more details now from r.t. france correspondent jonathan my. career.
8:33 pm
ira this. took place in this neighborhood. just hundreds of meters away from the place where that young twenty two year old man was killed trying to escape a police check there were clashes with some young people wearing balaclavas who went out on the streets to throw various objects at law enforcement but locals who went out on their balconies or just open their windows they too were throwing all kinds of things at them but we even saw potatoes and peas tossed at officers who retaliated with flash bangs in tear gas these trash bins were set on fire by youth police are trying to retake the neighborhood bit by bit to calm things down but the atmosphere remains highly taps and unfortunately law enforcement expect even more violence. a group of music fans may have unwittingly developed
8:34 pm
a way to evade facial recognition tools pretty clean houston police surveillance of the so-called juggalos are fans of the hip hop duo insane clown posse and are known for supporting an elaborate style of facial make up to you but now a tech research does claim that the face paint could potentially disrupt algorithms used by facial recognition software is how he explains it should recognition general realize i'm looking for a few different teachers usually a big nose now. this make up actually kind of replaces the jar i was was a few other large features which makes it very difficult to match it to a regular basis most of the techniques to avoid those full recognition on or sell are generally drastic. actions or to master anything which completely hides the base is going to be most of whom i don't think that these technologies to avoid official recognition will be used for. well this kind of science has come under fire before rights groups who do say it's being used by the authorities not only to
8:35 pm
catch criminals but also to spy on your abiding citizens. i think that picture recognition technology has some very useful applications especially for law enforcement but i could potentially be used maliciously such as we not out of hospitals to sell this information was there to insurance companies or other things which might be more morally questionable i think they're absolutely consequences to how to be sure we're going to talk now how do you use important to make sure that we still continue to develop and understand this technology but people should be aware of how this data is being gathered what excuse for and potentially how to avoid it it may be better to limit the sort of online exposure you have on social media even if you can't prevent people who are recognizing your face you can limit what they can do with that information now iran is threatening to hold oil exports for the whole gulf region pending on washington's next move but haven't the details on that part of the story just off the back of.
8:36 pm
our own. thanks. to. all. the.
8:37 pm
ministry's school says the city administrations of many countries depend on one corporation that does a lot. most of the board doesn't want the god of this dome is not the guns not with theirs that you got on into this it's just a small club and proprietary software you don't know the source code isn't that such a security risk when you have a black box operating in the public eye to microsoft's dependency puts governments under cyber threat and not only that he thinks office can put in more. because office of the assistant is it still minister one of them or think he did one more stop the clinton this you all do. you know these this is the us songs that often started on me with the old vision starting to more sustainable homes and fun is up and his cards on the fine.
8:38 pm
hello again our ram has threatened to block the strait of hormuz a major sea rechoose for twenty percent of the world's oil exports is in response to washington's threat to stop iran from exporting its own oil and does come to you after the us state department said it intended to reduce iran's oil revenues to zero. our goal with respect to the energy sanctions our goal is to increase pressure on the iranian regime by reducing to zero its revenue from crude oil sales in the ninety's when they see they will not allow iran's oil to be exported it means that the oil of the entire region will not be exported how is it possible that iran's oil can be exported but the rest of the regions can after it seems they don't understand what they are saying when they say iran will not be allowed to export even a drop of oil ok if they can do it if they do it and see the result. well
8:39 pm
already there's been a result because there have been calls from iran's revolutionary guard to block the strait of hormuz by gulf countries for exports the strait is controlled by iran to the north in the south the us navy has already reacted by saying it's willing to provide security for trade in the region we asked steve kagan a professor of economics at kingston university whether the conflict could escalate . this particular incident of trump trying to control the oil process i think is really the beginning of the chaos of having a madman in control of a complex system so i think all bets are on if you try to control the oil cross important down at the same time is going to push stock markets up and boost the economy all in one time it's like watching somebody trying to juggle thirty seven plates at once when they only now do it off one there's every possibility that he will enforce a blockade which iran will have to respond to. yes i think conflict is quite
8:40 pm
feasible because oil prices are going to rise anyway given the pressure of demand with a recovering global economy process will rise what regardless of what around and trump will then respond to the ring crews and process by blaming a ram we're not seeing rational behavior here we're not seeing logical thought being applied so i think it's just going to lead inevitably to some form of conflict. now let's just remind you of that very sad news the. long time t.v. and radio broadcaster ed schultz has passed away and joined r.t. america in twenty sixteen was a highly valued member of the team there he is thought to have died of natural causes at his home in washington d.c. it was sixty four years old well before joining r.t. ed had been for several years one of the most watched and common on m s n b c and had a successful career too as a big radio personality his reporting gave voice to workers in the labor unions and
8:41 pm
he was never afraid to speak out and then always wanted his country to be a role model to the world and also to his own citizens during his short time in r.t. america he covered several high profile news events which did showcase to his talents and experience as an orang newsman he covered the breaks it votes with larry king and america's twenty sixteen presidential election. senator in every poll you beat donald trump far more than your opponent do you want the superdelegates to consider that and i think they have to look at hillary clinton and i disagree on a whole lot of issues and people in the convention i'm going to disagree but one thing we're all united on trump would be a disaster for this country must not become president or have cell you understand why i have come all the way from the united states there's a big anxiety over britain's vote among politicians in the united states a long time broadcaster of larry king and longtime friend and associate of donald trump known well it's good to be with
8:42 pm
a great look and said it's good to have you seen here in washington looks terrific and it's a perfect day for an inaugural stunt very cold listen if in the air this clouds they should be clouds. larry i said you know well meaning i think there are a lot of americans out there wondering what's donald trump really like team great to be with you tonight i know all of you are loaded for bear. but i probably won't say very. well there are a few in the news industry is respected as it shows he will be greatly missed. was.
8:43 pm
right we're all set to start in five guys to just sit in your house the signal. is not going to talk about. just me right after the mars explorers one you would have their new. record. to say let's see. how they illustrate. welcome to sophie and tell i'm sophie shevardnadze and today we're got lots to talk about in our program and our guest is. good luck. with lawmakers manufacture consent to stick to the public well. when the
8:44 pm
ruling classes project themselves. with the famous larry go around to be the one percent. we can all middle of the room sick. the real news is.
8:45 pm
8:46 pm
the. superman film he can use he has enough to buy if. that's your. choice you more with the big one was in the north and you. many people from the from iraq who came before will talk to us.
8:47 pm
in twenty forty you know bloody revolution here to correct the demonstrations going from being relatively peaceful protests to be increasingly violent revolution is always spontaneous or is it you know here i mean i was. spilling into the fall the ukrainian president recalls the events of twenty forty. of those who took. it invested over five billion dollars to assist ukraine in these and other goals that will ensure a secure and prosperous and democratic. sure this is the ca's report you know where in paris paris france city of light city of
8:48 pm
beauty city of and and speaking of a chance went stacey you know so many times on you tube people will say it's not pronounced like that it's pronounced like this so my question to them is well strewed we start calling it perry. yeah absolutely i totally agree with that point actually i'm not sure where that comes from but it's something that one experiences in france is an obsession with grammar pronounced word usage syntax because that's what makes this country great the financial institute the institute of language integrity to make french the language of the world english is in retreat french is on the rise actually was not talked about french people i was talking about ordinary americans and british people who live in their mother's basement or attic and they talk about they like to correct everybody on line and blah blah blah and
8:49 pm
they say oh you pronounced you know the italian guys in the wrong or something like that but i do not say perry and i do not say for me for finland i say i say finland all the minium what do they know exactly they don't know how to speak english good they're so you know who speaks funny is donald trump and donald trump has been tweeting a trade war with china well many other nations including the e.u. where he straightened to slap a twenty percent tariff on imported cars from europe but stock market investors are acting as if a genuine u.s. trying to trade war has erupted has a tit for tat tariff spat between china and the us shifted from a skirmish to a full blown trade war that is certainly how financial markets have been react. tensions took a turn higher last tuesday after president don trump threatened to impose tariffs on as much as four hundred fifty billion dollars in chinese goods further ratcheting up tensions between the two largest economies in the world well you know
8:50 pm
all the trade that's been going on for decades a kind of got into these channels of trade that nobody's questioned. questioning what's going on and really architecting global trade in a way that would probably be fair more fair fair trade you know i was speaking of mispronunciation this is kind of why i set this up is that there's this little stand country eastern european country called stand cruise cruises expand. and i know i'm probably mispronouncing it but nevertheless they are right there between china and russia and they are getting ready for this trade war between the united states and china and they've also had to deal with the sanctions against russia and the fact that it's caused their own currency to crumble so they've been starting to buy massive quantities of gold and gold buying is in the headlines as well this is
8:51 pm
the universal language of money is if trade war is increase the stuff starts happening and mispronouncing of basically misunderstanding of art of of where the united states is as many people are. unable to understand what trump is talking about and where this is going a lot of nations have been buying gold so russia dumps treasuries for gold this is from bloomberg although investors usually seek safety in u.s. that russia cut its holdings of treasuries nearly in half in april as washington slapped the harshest sanctions to date on the selection of russian companies and individuals and a shift bank attributed to a deepening geo political standoff russia is instead keeping up its purchases of gold some people ask whether the russian central bank sold them to support the ruble in april but it's about changing allocation as reserves continue to grow said latimer midwest chef ski senior economist at downscale bank in helsinki rising u.s.
8:52 pm
eels have fueled the south right while global debt to g.d.p. is almost three hundred percent you know countries like japan it's way higher and one big central bank of the world in twenty eighteen twenty nineteen will go bust probably the bank of japan but could be the european central bank and that will be an enormous catastrophe in the financial sector and gold will be a safe haven play and russia is anticipating this because it's been trying to do trade with the west for a long time fifteen years sixteen years under putin and the west america keep projecting this over to your let's trade let's trade but they keep categorizing and putting russia into the camp of this is why hillary lost and they don't want to do trade america has given up on being a free market economy and wants to be a top down polar bureau driven price fixing central bank led dystopian economic nightmare so russia saying ok fine we'll just keep buying gold until this
8:53 pm
thing blows well it's not just russia's many countries we're going to get to that in a bit but i think. you know there's this notion that when a sim amie is coming when a big major event whether it's a collapsing empire or a massive wave that's going to wipe out half your country is that you know some people have the instinct some animals have the instinct in when the boxing day tsunami a few years ago about a decade ago. the elephants famously ran off into the woods carrying some of the tourists on their back and they're like what's going on well they knew is coming well you know we went out there looking at the water retreating but the same thing is some nations seem to have a more protective instinct perhaps probably it's like countries that have had more turmoil and history of collapse and history of war and history of invasion in their recent history what if you're going to send mom
8:54 pm
a metaphor there you know before the tsunami hits the tide goes out yes very far we're seeing now quantitative tightening so these banks are saying we're going to reverse our quantitative easing and we're going to make credit harder to come by so the credit spigots are the tide is moving out and then they get to the point where they figure you know what this is impossible in fact because even a quarter point rise in global interest rates will cause catastrophic deflationary bond failure across every major economy in the world they'll come back with a multi hundred trillion dollar quantitative easing money printing tsunami and then that's one of his that's comes back and then the last one to have a hyper inflationary move in gold and bitcoin and everything that's not printable well all the signs are there it's just whether you read it and protect yourself whether you are that elephant that runs for the hills or the human they go out further into they retreating tides that suddenly all the water retreated and people
8:55 pm
were not there to take photos so here in this story they are saying that russia has sixty two. of gold now which is eighty point five billion dollars but russia sold forty seven point four billion of treasuries and april more than any other major foreign holder the u.s. securities even as its reserves grew on the back of rising oil prices as stockpile forty eight point seven billion dollars is down from a twenty to ten peak of over one hundred seventy six billion ranking it now only twenty second worldwide according to data this is what the chart looks like as the plunge and the recent planned sell off in treasuries and us again they are the biggest in terms of the percentage of their holdings but other countries are also reducing their holdings including japan but they're reducing their holdings of treasuries while u.s. consumers and pension funds are expanding and i was surprised when i visited moscow and you go to an automatic teller machine and you see just bouncing both roubles and dollars and i think psychologically russia should get rid of any a.t.m.
8:56 pm
dispensing dollars and they should put rubles and decline and this would educate the public about what's coming and how to protect themselves that's a good idea and in an article on goal. marco bergen cites gold core he has a follow up on this story from bloomberg about buying six hundred thousand ounces of gold and he has some other interesting details in here so russia by six hundred thousand ounces of gold the may after dumping half of u.s. treasuries and able it is not just russia that is diversifying into gold in recent months and years india turkey mexico iran extend kazakstan. because than mongolia and of course china have been increasing their gold reserves as well erratic and risky economic and foreign policies pose a risk to the dollar as the reserve currency of the world so i think. you know even people like jim records who have been on the show we covered that years ago when
8:57 pm
the u.s. pulled the trigger or swift when they cut iran off from the system is that always a threat they had the ability to do that but once they pulled it. all other. you know nations outside the five sort of guys outside of canada australia new zealand in the u.k. start to think well are we going to be next but even in canada in that group of people who are being a called you know unfriendly nations and canada has no gold at all there's no everything but no china and russia are getting cozier berlin hit so grow the new silk road project combining you know continents and they want to do business outside of the dollar and so makes sense for both china and russia the be accumulating lots of gold china is now expanding their gold mining operation no gold leaf china you never see a gold bar with the chinese symbol on it does none of it ever gets out of china they're hoarding it russia is buying it and people are waiting for the dollar to
8:58 pm
finally kind of reach its come up and well if china is the next dominant power it doesn't seem like they want to replace it directly with seems like something that will be end up gold backed or commodity backed if they're if you look at what they're how they're positioning their own portfolio so the deterioration however in the u.s. fiscal and financial position has been happening slowly for many years but accelerated under bush two and obama that of course sounds like hemingway's he went bankrupt slowly and then all the sudden that's the way it always happens right trump inherited a heavily indebted us with nominal debt just under twenty trillion dollars that was exactly nineteen point nine trillion but in just seventeen months this is increased by another six percent to twenty one point one six trillion there are unfunded liabilities as well of around one hundred trillion dollars right and that is
8:59 pm
supposed to be paid down by increased tax revenues thanks to tax cuts but those taxes never appear there's never enough taxes even to pay the interest on the debt that's when you get into a hyper inflationary do loop is when the interest on the debt. is greater than your taxes taxable base then you have to throw down all pretenses of quantitative easing and just admit you want monetizing debt central bank is just printing and buying back its own debt in a do loop of inflation then you get into what's called a banana republic named after countries in latin america that typically are in the but out of business who end up doing this monetization of their own debt and have collapsed their currencies venezuela argentina come to mine this is going to be contagious and going into america well mark o'byrne. sums it up as we're moving to multiple a world which will see trying to become a more dominant player and trump is exacerbating this trend but you know one way to try to understand what trump is doing and it's very difficult is you look at it and
9:00 pm
you wonder if maybe this is his plan as you know he's he ran for president as a nationalist and make america great again and basically retreating from the world this is he can't deny he's doing that when he's evening this thing canada hard in germany and you know these are classic u.s. allies and. you know we get closer and closer in our policies and and trade deals merge closer and closer over the past thirty forty fifty sixty years so he's just like ripping it apart just totally ripping up the paper and throwing it on the ground but you wonder if this is like his nationals policy to basically force others to leave us to ourselves to have a chance of showers steve benen a few months ago and i told him people misinterpret this it's not about american isolationism it's about american being hyper competitive make america great again means we want to be the greatest competitor in the world that's different.

38 Views

info Stream Only

Uploaded by TV Archive on