on. the market economy on t.v. . and a. hundred seventy four yards are you. putting. your.

mom. now. i think. i know. oh.

yeah it's. real want. to build up that you don't have the i don't have all the guy not that i can buy you guys. on the ground yeah yeah. yeah. the story i don't know. what exactly are you.

going to. be doing he is getting ready to go. by the book the results. until missionaries are in the one nine hundred seventy s. most rituals are. performed only for tourists to have been consumed by civilization the quickly down the. valley. but it's one of the buckle up that's not always updating your mom up on the.

in any event on the. morning in scotland. but i don't. think money be about me and i. mean not the. will but play in the. towers of confiscated chainsaws have become the hallmarks of the piano. but as

strange as that may seem pinoy doesn't just catch poachers it also represents them in courts. the rural poor are forced to cut down trees as the corporations and corrupt politicians are governor. before. he wants the. forest it's an old growth. forest. in his. it doesn't matter there are all development development in terms of. it's there yes are all the ones forest. and now. it's all competition. they use indigenous. trees.

in their. trees. on. these. areas being cleared. that's where the companies go in. their own projects but then usually ones who are being caught are the these are the poor farmers. of the. whole. well you know what he's having them as an honorary a partner will be earning him our look across for you. not only on

him pretty much him simply ignorant of much of the language and they all can only are in there now only they are now early and the minute somebody an era now going to encounter them or never not got fifty. posts is a move to let him fuck me. migranyan. during the whole full hour well that i'm going to answer that will. add up on this army. in one month someone out in limbo of people that need. pulling money because who made a rude and simple market out there. you can't remember. but i thought there were more than anything you've come up in a anything before our patients are all you think you.

and i. couldn't wait to get their things that are zero. percent that no one has come along and support really none for them in case. after the poachers become guides they often end up siding with the colleges offering information about illegal logging but back into fatal. the philippines the second only to brazil in the world for deaths among environmental activists. here and by law and it is very risky last year we have our end. i meant that he was shocked. to see. all of the indigenous people eager.

to shop there and on the previous years also. well when he saw friends i was here to remind the fact is even better united many of them and all of a sudden a man just found and told me that he was shot in my mind that was. probably just a minor minor wound but when i ran to the area where he was shot i saw him bloodied on the ground. in the medical field and somehow know the use of gondor and i going to try it to see if the spirit of the people seem to be strong he has exposed. against government. against government the government our politicians. would do a lot the four up sean and the biggest exposure was the. money which was not utilized operating for defeat on the spot but then by. and

especially the one we saw suspected or a legit mastermind. then maybe it's before he died. he was supposed to come. and then me half an hour and a nice wife called me up she was guy said why are you crying jerry you were shot i said what i just talked to him brought. he wanted to start a. signature to stop the mining and we did it. by you know noise his death was when he got there because he had these three joe show and he kept. i cannot say that it was to get the world. that he did what he did because somebody

had to do it and also i believe in what he say. and after he died i took over the community based in a well to him project and i told the people not to be worried because we have to continue. to give them important information about how important the environment is to their lives their sustainability do survive. i mean my mouth that i'm down on you to morrow night and you bring up your own. little while i'm going along the real point with it don't you go to i'm talking about going to. bug you too much. too big now mingling. and i'm going to get to. and i mean do you think. someone i don't

mention. you know me. now mean. you've been up. you. need to return a revote but our two minutes to. report you don't want to be able. to call those you know. where you. were in a really. long really short.

they did it in. your living in the. only real hour here. in. jena lopez lost her job as secretary because of her uncompromising position on illegal mining the situation is like the philippines it's so blessed with the you would be with gore and at the same time. also a lot of men around. the right choice has to be me the areas which have my legs but they're. real they have two minds there it's already one of the best minds in the country they've built the whole wood down there based on their mining thousands of people just based on their mining so it seems good. it

seems good but the economic growth is negative zero. and i talk to people that they're living nearby the silkies alter the gobbing to their families and this number they cannot be not before i see the fight ninety five percent of them i may be earth goes all the know going to god to me so that's why the people did mean war and by law when there should be zero poverty very deep . sea good will to not begin the mind of mind in a fired up and i'm not going to say oh no me i'm still. going to. lead then what am i from now. on this in the body to be good in its socket. under. the clinton i don't know. the secret and i'm not going to. see good one of them has a gun on me and they gonna put a bong filled up a little i want to move. on you don't. want to let me.

tell you some of. the farmers reported to me that they started cutting the trees and when i went there together with our policemen they did not allow me to enter so i think for three times i went there and i was not allowed to enter it and then guards our arm so i had most of trade to go there. just me and by the guards. on the fourth time. i said i will enter it even if they will not allow me. even if they will shoot me i was soloing my. life but i have seen. or heard one.

and together with the farmers and begin. people we knew were able to get these side and saw that the prestige on the. west side close to the forest is so close so comedically for what they believe was wearing first their young. and then after that. time remaining terms. however even if they helped. more than and they've been here there's one day how. full time number of things wrong but there is. a balcony is more than twenty six thousand trees so if you would include the small trees i said it's more than one hundred thousand. but then knocking. on out of that i learned. from the spirit of them i want to find

out for months. but also you know. maybe. eighty. eight. eighty. one of them but it's going. to take a look. back with the pressure to run my own office for. what double movie scores what i had to pay to do all this because. you know. i know you want to show my dad to be real good to do i mean i did you know it was my to know the place. but i. would do i

will be my number i'll be your almost like a. really i mean i don't know. about the american legal side gives me a second life. but i do could murder bonds yeah. that's right more down to earth cows better come back to. the un to break the law. and i might be eventually up on. the hill but i'm going to be idle quiet life you got quite a life. for you back. i could live. here but i'm a bit i don't actually have a political thing. to political events. i'm going to. leave the senate you're going to get your punishment. please believe me.

disinflation very little inflation for decades and interest rates have gone down for thirty years on markets and rally for thirty years now the whole thing is reversing interest rates are going up so is inflation so we'll see how that plays out if wages rise faster then inflation. such then trying to wonder if wages don't rise as fast as this neo inflation then we have trouble. joining me everything on the alex i'm unsure when i'll be speaking to guess who the

world of politics sport this list i'm showbusiness i'll see you then. arrest some made of the right wing rally in the u.s. city of portland with police attempting to prevent clashes with leftist protests. meantime democrats i don't publicans campaign in local and congressional elections both parties make use of president trumps to get their message across. the south thousands rally in the israeli city of tel aviv furious at a controversial new law that seen as discriminating against jewish citizens.

but its president. drugs with explosives during a speech at the national events he himself is. the next. most important news of the week. when is trumps was because of. imus ties or this is a cause report it's not all so easy sometimes things are difficult. stays max i know the second half you're talking to miss shad lucky you're continuing on this theme of the trade war because in the last episode karl down under said well trade

wars can actually be a good thing especially in the situation whereby the united states has been losing for the past twenty thirty years against china in a trade war that has been one sided michele bloch we know from his website. talk dot com that he is totally against a trade war so we'll see what happens in the second half about that but one group of people who are very happy with the trade war and as it's been happening so far happy with tariffs steel industry emerges as trade war winner president donald trump's medal tariffs have sent steel prices surging and sparked blockbuster profits for steel manufacturers reliance steel and aluminum hauled in record sales thanks to eighteen percent spike in prices nucor recorded the best second quarter in its history its profits more than doubled still companies are very happy with this and looks like they're winning yeah well that's called inflation so inflation is coming in a big way with this inflation very little inflation for decades and interest rates

have gone down for thirty years markets have rallied for thirty years now the whole thing is reversing interest rates are going up and so is inflation so we'll see how that plays out if wages rise faster than inflation. such then trying to wonder if wages don't rise as fast as this neo inflation then we got trouble well at the end of the article they do mention your point of view so they do first talk about the games the winnings how happy the winners are in the steel industry they're making more money their profits are going up their shareholders are happy their workers are happy but in the other side of the equation they do mention that of course steel customers are less than thrilled material costs have risen by as much as fifty percent jay pharoah brooklyn company that fabricate steel used in manhattan skyscrapers steel companies may have record profits but it does hurt the mom and pop shops said joe kesse kooky f.d.m. pharaoh's founder and c.e.o. so the people in manhattan where there's a construction boom going on they need

a lot of steel and they're not happy with that there's one major theme they're going to compass is all this is called globalization for thirty years will post world war two is all about globalization yet all the globalized institutions like the i.m.f. the world bank the un world all these things but now they're all being challenged by trump and we're entering into a period of to globalization which would mean higher prices inflation across the board and if wages follow suit then there will be peace in the valley if wages don't follow there will be lots of problems ok so we're going to tie it those together into other segments here where they talk to some of the guys from the steel companies that are winning. trump impose twenty five percent steel tariffs that has seen the price of steel in the united states soar by forty one percent tire the benchmark price of u.s. steel has forty one percent higher and nine hundred seventeen dollars per short ton so nucor is seizing on the amount momentum however

a new core i said is gaining they their stock prices soaring their profits are soaring and what are they doing well they're seizing on the momentum to plow one billion dollars back in two. it's business a huge increase that will mostly go towards expansion quote what will happen to our great country if we continue to operate with a massive trade imbalance said the c.e.o. we agree with the administration's efforts to address this issue. well that is so new cars saying we're going to take the huge savings and we're going to build factories and we're going to hire people they're going to be making more money than they were before and inflation is back the big losers in all this and you all know that trump ism in the trump economic model has really hit hit hard when the bond market starts on ravel because you can't have a rising bond market and inflation at the same time so when the bond market starts to unravel you know that trump is a trump economic model has really taken hold i means that workers get higher pay

the prices go up but your wages go up so you're going to feel richer main street will benefit wall street will get kicked in the teeth well certainly you and i can recall in the one nine hundred seventy s. when inflation was very high but member wages used to be paid to that inflation i remember my mother getting a price increase you know her wage was increased every year like seven eight percent based on the inflation that was similar so we still get our incomes more pegged to the rate of inflation of course now there is not what happened in the eighty's with that or in reagan deregulation or they separated the functions of wall street and capital raising from the economy at large so that companies and the privileged elites on wall street could engage in financial engineering or deregulation that allowed them to make huge amounts of gains personally for their yachts and chateau zoon park avenue penthouses but that the money that they were the gloaming from the central bank would bypass wages and they did this through world trade organization outsourcing to china and essentially outsourcing all kinds

of ecological cost all the extra nowadays of running a business for x. outsourced to china ok now that period of globalization as it's called is being reversed is dig. higher inflation i mentioned the seventy's and wages used to increase with inflation that's because a lot of people in the audience are probably too young to remember that we used to have a gold standard and thus these huge trade imbalances were not something that happened because of course the united states didn't want a massive trade imbalance because that meant they had to ship their gold to the likes of france and then when the united kingdom asked for their three hundred million dollars worth of gold the u.s. said no nine hundred seventy one they went off the gold standard so because of that during the seventy's we had that monetary it was very unstable and lots of inflation because and best years were doubting whether or not we could have a total system and nevertheless the workers were still aware of what the value of

money was so i don't know wages are tied to the inflation number and of course in the seventy's you had the discontinuation of the gold standard but you also have the oil embargo of the seventy's was shot the price of energy and that meant the price of wages were had to be tied to that increase in prices as well so workers are benefiting until then the eighty's you know that we just covered a moment ago but you're right that way workers have great wage parity they are of the issues they understood the terms so this is what i'm saying is another way to get rid of this massive trade imbalance of course is just what the hated john maynard keynes said and predicted just as he predicted world war two and then he predicted this moment in time that if we didn't have some sort of global trade unit where by all that we would have massive trade imbalances the trade surpluses in germany and china are just as dangerous and destabilizing to economies around the

world as the massive imbalance the trade deficit that the united states has so any country who chooses to be like the united states then they do have an exorbitant privilege of the u.s. dollar as a world reserve currency but it does. at the cost of their workers so to get back to new course a new core is a company when there are now policies that are driven by the comp and ministration policies and the change in steel pricing and what this is happening to workers that's kind of the cutting edge to what's happening in industrial merica it on wall street it's kind of interesting are we seeing a rotation out of the fang stocks or the network stocks like facebook and twitter and apple are we seeing a rotation into industrials like the new cores i mean this is so that the wall will market have a net kind of rebalancing and not a crash effect i mean that could be the pot a possibility that's a bit of an understatement to say rotation out of the shares because of course

facebook and twitter have had a complete collapse not that twitter is kind of in that market of those online you know monopolies and all of our police but again going with this u.s. dollar issue. you know our frequent guest jim rickards has said that he believes there will be an s.t.r. standard special drawing right that the i.m.f. special drawing right that's kind of what keynes had kind of suggested similar to that with the bank or of a global trading unit a currency not issued by any particular national government but it's a trading unit to avoid the situation of trade imbalances another thing jim rickards said about the u.s. dollar system is that after twenty thirty years of since the collapse of communism the soviet system the u.s. history supposedly ended and there becomes a point where an empire gets hubris and they start wielding their weapon of saying .