the headlines on r.t. the u.k. home secretary says the couple poisoned in southern england were exposed to the same and no evasion used against a former russian agent four months ago sajid javid is now calling on russia to explain the situation. it is now time that the russian state comes forward and explains exactly what has gone on. the french or city of normed sees three nights of protests some of them violent over the death of a young driver killed by police at a checkpoint. and iran threatens to block oil shipments along a sea route that is used for transporting twenty percent of global oil if indeed washington attempts to stop terror runs on exports. but i am back next hour with

a full news program covering today's latest headlines for right now though i do get ready for the kaiser report. sure this is the ca's report you know where in paris paris france city of light city of beauty city of and and speaking of enchantment 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 it 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 they say oh you pronounced you know the italian guy's in the wrong or something like that but i do not say perry and i do not say suomi 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 and many other nations including the e.u. where he straightening 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. thing tensions took a turn higher last tuesday after president donald 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 all the trade that's been going on for decades a kind of got into these channels of trade that nobody's questioned for. 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 stan cruz cruz 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 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 all the investors usually seek safety and u.s. debt 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 adults 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. eels have fueled the sell off 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 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 is this notion that when i see mammy 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 humans 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 of collapse and history of war and history of invasion in their recent history but if you're going to send mom 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 this 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 that goes out further into the retreating tides that suddenly all the water retreated and people went out there to take photos so here in this story they are saying that russia has sixty two million troy ounces 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're 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 you know i was surprised when i visited moscow and you go to an automatic teller machine and you see dispensing both rubles and dollars and i think psychologically russia should get rid of any a.t.m. dispensing dollars and they should put rubles. 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 site 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 in april it is not just russia that is diversifying into gold in recent

months and years india turkey mexico iran extend kazakstan. 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 rickards who have been on the show we covered that years ago when 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 out of their. 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 canada in that group of people who are being a call you know unfriendly nations in canada has no gold at all they know

everything but no china and russia are getting cozier berlin here 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 their people are waiting for the dollar to finally kind of reach it's 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 that 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 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. it 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 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 in 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 you wonder if maybe this is his plan as you know he's he ran for president as and that's from a list and make america great again and basically retreating from the world this is you 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. 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 not have a chance it's i was 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 than the size of the place of the interpretation anyway we've got to go to the second half so don't go away much more coming your way right after this break. the democratic party is in big trouble the party has not come to terms with the outcome of the two thousand and sixteen election they have a leadership out of touch with the base millennial our fleet so is their slogan now

no party like. most people think just stand out in this business you need to be the first one on top of the story or the person with the loudest voice of the biggest race in truth to stand down the news business you just need the right questions and demand the right answer. questions. uno. welcome back to the hazari part of my strasser time now to return to our conversation with pierre about it is a journalist i quoted in dot com and also you were recently described as the pope of fake this you know what's that all about p.r.

i live for a few years and everything goes crazy what's happening. which is one of the that's the most important to return to a newspaper in france that the pope of fake news because i'm giving financial news to people so i guess your due process and. news in in in in england in the united states yeah i guess i'm going with jesus christ that's my go to with you know i do that's going to have two popes who i guess were to put already. their cottage right next to the bestseller was his boyfriend or something right is that my story and then they they became very liberal when he moved in i don't know if you are very aware of the pope roots on think two weeks ago and he condemned the pope a development he condemned the credit default swap of misses like most of us if he doesn't take ten years i saw that i saw that the pope.