i'm sure i'll be speaking to us of the world of politics or business i'm show business i'll see you there. below and welcome to cross talk for all things we considered i'm peter lavelle grim memories ten years ago the start of the great recession began a political reassessment and field on a sense of anger and resentment across the western world then donald trump intrade the picture this in much more uncrossed.

cross talking the great transformation i'm joined by my guest here in moscow mark sloboda he's an international affairs and security analyst we also have dmitri bob he's a political analyst with sputnik international and we have these and he is a professor at the higher school of economics and then cross talk rules in effect that means you can jump in anytime you want and i always appreciate glenn let me go to you first here this is the tenth anniversary of the beginning of the great recession and what's really interesting about the last ten years that if you were wealthy in the one percent you could say recession what recession you have a greater concentration of banks greater concentration of media and you have tens of millions of people across the western world that is the defining moment in their life it will probably be for the rest of their lives but if it depends on what side of the divide you want because you know in these elites we're just too big. to jail

. well that's correct and they only become much bigger since then. and they're also much more exposed to the. volatility in the markets so i think. this crisis is far from over and i think the next crisis that comes along it will be much worse because let's not forget this crisis caused a great extent by too much borrowing and too much spending. too much debt to get out of it the socialist borrowed more in order to spend more and you know in twenty to be easing it inflate this. so i think that once they take away the. kool-aid let's call it the things will go quite by this point it will be much worse than the previous time i think what the political ramifications are immense and when you can draw this is a fundamental moment phenomena that actually created the demand for somebody like

donald trump and. investigation no one was held accountable despite the obvious a lot of crimes were committed so not all of this was fine but now we see ten years later this is a guy who came to power the only one in the league tool openly. bringing this forward he's now going to be. but there's a huge irony yeah mark is that nothing has been proven against rogue i mean you could like him or dislike you know about his personality it's indifferent to me but we had a. absolute catastrophic crisis in the economy no one this held accountable drug hasn't done anything wrong anything wrong and there persecuting him and prosecuting him in the media well i mean he is now at the ten year anniversary of this simply a convenient scapegoat for all of this but you know he is a member of the one percent sure he is not. part of the establishment he's

a hanger on we all remember the pictures of clinton's at trump's wedding you know but he's never been accepted as a part of the establishment this was not only a failure of the financial system and everything but it was also one of the biggest wealth transfer in recent history certainly in the last two decades because. the one percent have benefited from all of the growth that has occurred since two thousand and eight it has all been dumped into their pockets not only have they not suffered they've benefited it is this is a new liberalism on steroids and it continues meanwhile ninety three million americans homes were foreclosed on and this has fueled the populist settlement maybe a lot of people don't identify it specifically with the two thousand and eight crisis simply because of the failure of the mainstream media to point this out in stark

terms but they recognize it as a continuation of globalization this is the people who suffered from globalization the people who suffered from the two thousand and eight financial crisis in key rust belt states you know and pennsylvania in the mid atlantic and they voted for trump and i think even because they thought he could solve their problem it was it was grievances and resent me angry at least addressed the everyone else the democratic the republican elites didn't know i did that anyone has even suffered well the interesting thing too is if you look at took the tax code you know in of course the who the republicans and fucks are always on parroting this year but a lot of the one percent use those tax cuts to buy their stock back so i mean the real growth here is interesting it but team and for me what's really and i don't care about the rich i really don't i don't care what i care about that a little bit because the middle class has certain cultural and moral values that i

think are worth preserving and protecting they're the ones that got the brunt of it well of course and then again on folks who was pulled that way well he said that when i was young the middle class was improving now i see it. and the blame game or you know something that marc has just mentioned is just you know absurd the washington post q strong for florence in what way because all tribes hold a lot of use on climate change and i think what i saw that my dear is that i'm excited to go ahead. mark. did i think many will be. blamed for one accomplishment is being blamed but in this instance this wasn't really capitalism because in capitalism they also do things wrong essentially the workers by the end of their punish and those who do things right today essentially take over but what you saw in this instance was essentially people throwing good money after bad money because the common corporations that everything wrong they

did it to be this is this is my thing with that i mean i would say this is more cronyism in corporate capitalism because you're absolutely right in theory in a pearson's if you make a bad decisions you should pay for it ok but in this case a cascade number of a level of mistakes were made and there were only protected and bailed out recession what recession ten years later that's how the one percent feel we often describe this is neo liberalism well technically that's not true it's what we judge the call on this runaway vulture capitalism but it actually combines the worst aspects of how yankee and neo liberalism with the worst aspects of keynesianism with bailing out of the banks and the government you know shifting the cost of this from the big financial institutions which gambled and lost the

money to the private it was so what it is is that you can bail out wall street but you don't have to worry about main street and that's again going back to the thirty seconds before we go to break you know. too big to jail or too big to be jailed you know there are some people and there are some companies that just don't get punished and not only with that we session of two thousand and eight i was nine also with the iraq war no one will know i was there when you were with us they made me thought because that is bipartisan crisis what crisis and the endless foreign wars are you i mean i don't care about class war but class war cares about you but i don't know gentlemen to a short break and after that short break we'll continue our discussion on some real news with our.

it's hard to imagine decades after the war a nazi doctor was still active rich in the nineteen seventies crittle had as the chair of its board a man convicted of mass murder and slavery. a german company develops and admired a drug that was promoted as completely safe even during pregnancy it turned out to have terrible side effects what has happened to my baby anything. you know she said is just. mimics a little mind victims have to this day received no compensation they never apologized for the suffering that not only want the money i want the revenge.

two thirds of american households do not have five hundred dollars emergency. as crazy you know your population doesn't have money and you. maintaining thirteen cross carious around the room why why did you change your policies and do something that is good for the lakers. and good fluidic in the long run. welcome back across like we're all things considered i'm peter about three months we're discussing some real names. ok before we go to some other news markets about a two minute update what's going on with siri yeah it's a mess but that has a new that's nothing there so russia and syria are preparing still

preparing for their all fence of an igloo but they have at least temporarily put it off and the big reason for this is after the failure of the austin summit in tehran is turkey gone has sent huge numbers of convoys into it carrying arms for his proxies of course h.t.s. controls all the checkpoints which is al qaeda here all shop so he's he's essentially i mean literally arming al qaeda he's sending tanks a.p.c.'s by some reports. air defense and i don't want yes i did what is turkey's defense of this because when you say he's the one is protecting terrorists giving them supplies eccentric cetera he wouldn't say it that way what is his justification his justification is he is protecting civilians i mean that's it. he says is he protecting. protecting the new ottoman empire that is what is

really doing is a land grab it's in the autumn and land grab but both from the west and from turkey which are starting to get back on the same page again the rhetoric is if russia and the. syrian army go in the end to liberate it from al qaeda and friends then some civilians will be killed completely not the case of course in iraq a more smaller fallujah where the u.s. devastated entire cities to get rid of isis out there even though u.n. security council resolutions put al-qaeda and isis on the exact same page and demand that they must build and we'll talk a little bit of an international law on a little bit here which gears here a little bit i mean it really. comes at a fascinating article very short the e.u. nations consider clearing house to avoid iran's sanctions now the reason why i put this. is that. american allies are more and more concerned about being sanctioned by the u.s. for its economic and commercial activities around the world it is this is starting

here because we see these sanctions being applied on everybody and across many many sectors for many many different reasons it seems like this is the ultimate weapon sanctions well i'm afraid it's too early to have been there what we're in a war with and the states for to war you know they were in the same board in libya they were in the same border in syria now suddenly they started to protest stance on iran it's too late you know what they suggest an is european company it could play the clearinghouse for imported oil and the clearinghouse that would give that money to another company from the european union which provides goods and services for europe well the whole problem is that the same sense of which mr trump is is reasoning that against everyone they can be not only against a foreign government they can be against a foreign company an individual and you know they have been going on for too long

it's like it's like any criminal gang you know when you murder three people together when you don't want to murder the fourth one it's to wait you know the guy is going to give you up to the police you know but what's interesting to me is that this is the breaches here and it is why because if the european countries want to get around think sions there's other things that the european countries are saying hey well maybe we could use this mechanism in creating a new swift system because other russia has done it the chinese other people are doing it it seems to me that this is this breach is widening and it's a dangerous precedent from really from washington's perspective you are actually using the dollar as a weapon and it is a weapon that is becoming more and more blunt it's not the only currency in the world. no i agree and i think that this the reliance on the u.s.

economic and financial system has been a source of great power for the u.s. and probably will ultimately i don't know this hour but the problem of course if you over use it i mean this article recently of foreign affairs that recognize is this too much sanctions because once you use this march sanctions countries have a huge incentive to escape it so of course it began with russia obviously having a pretty good reasons the chinese already began to duplicate the financial system to run parallel with the united states and they didn't their opinions we always thought you know the americans were worried that it was going to. trump came in oh you realize oh maybe we have to go as well and if the europeans are walking in that direction i don't think they will go as far as the chinese and russians but obviously there's a big market for an alternative system everything from iran to go across the globe i mean europe you know the european union is the largest economic entity in the world ok it's not going to the europeans you know hold on guys you know who won't

be here forever like he's the president but you know the relationship will continue to kind of a way to reassure of the european so that's layered ministration all speaking in one voice but you know i find that to be a very hazardous policy let's wait a few a couple of years i mean that you know there's a lot of here and now we shoes that are going on you know mark it seems it seems that you know. you know with this new book fear that has come out yet right exactly . bob woodward's book. it seems to be they're pushing the twenty fifth amendment strategy much now because after two years i'm glad we don't talk about it so much on this program because i find it very boring russia russia russia again. is this the last thing they're going to do before the midterms you know because men afford papadopoulos when had nothing to do with russia and i've said. for two years there were some some kind of collusion would have been leaked by now by peter struck at

least a page you know well beyond the arguing that trump is crazy i mean i think most of us they would let an impeachable offense i think most of his voters knew he was crazy when they were he elected him and that's part of the reason why they voted for. but. i don't see that there's going to be any immediate against drum because it's already been proven in fear and in this. deep state or steady state or anonymous editorial the new york times that trump was powerless i mean trump said we're going to pull all of our troops out of syria it was a stupid thing we're supporting terrorists and obama never should have got involved and suddenly we're doubling down we're net we're have an indefinite military presence in syria were openly doing military drills in the last week with rebels i'm sorry there's no. changes because it why did he submit because he knows he can't fight them or he has different battles he wants to fight i think partly it's

because he could be convinced by the last person he talked to in the last fifteen minutes but i think also the threat of impeachment does hang over is head and he's handed the neocons and you know the serious pentagon brass the power to do what they want you know we've seen it only see it we saw that in venezuela yeah that's what i'm thinking of coups he was put on i can't believe i can't get my head around this because i agree with you only to a certain extent because but they still are going after him even when he has got to get the way he can he shows he didn't say he didn't say he agrees he reverses but he gets no political capital and he doesn't generate any political points that would ensure his survival the last twenty seconds well i mean the problem with his alternative approach is that they have tremendous inertia they have been going off as a loss for a few of those and so he has. he died they went after his son even though the song

was not a danger at all it was called a reformer but you know this is a problem they are very police in prosecco politics with real issues ok on that point gentlemen were brought out of how many thanks my guess he remarks go this is the end of our broadcast segment stay with us for the extended version are you to check the you tube channel so you next time and remember crosstalk. ministry is police forces and city administrations of many countries depend on one corporation that does what mike was hoping the boy doesn't forget the muslim god of the strongest adama's not the guns not the woods as the three that he got on into the sea at the most of them proprietary software you don't know the source code isn't that a such a security risk when you have a black box operating the public good to microsoft dependency puts governments

under a cyber threat and not only that. more. softness of the essence of this is selling this one bloke who will soon be willing to move some of these to war. with. the ones this is. often striking down with the old vision stopping there was a sting of phone calls and from his up and his cards on the phone. six guys or financial survival guide. customers go by you're disappointed. in elf well reducing our. bets undercutting but what's good for markets is fuck it for the global economy. you know world's big partisan 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 smarter we need to stop slamming the door on the bad 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 we're watching closely watching the hawks. the russian defense ministry tracks the serial number of the missing plane by the official investigation for the downing of the mh seventeen boeing these top secret documents unclassified of course for the sake of the probe the rocket to ukraine's forces. you know the headlines at all times the national process erupts in the libyan capital tripoli over the state of living conditions that it's amidst seven

years of war following the foreign intervention in the north african.