also much more exposed to the. volatility in the markets so i think. you know this crisis is far from over and i think the next crisis 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 specialists borrowed more in order to spend more and you know what it is 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. right wing populism in europe i mean austerity is a hard thing to sell you know first of all the fault and the lack of

response by washington and by other countries is universal it's on both sides of the political aisle i mean it is is the big wall street bankers no big wall street bankers responsible lehmann brothers anyone else has never been held accountable they picked off a few smaller bank in the us under tarp just to say that a few people were punished but certainly not of the ones that were really responsible for it and you know this didn't only happen in the u.s. it happened all around and it continued on with complete impunity and none of the rule broken rules of the game that allowed them to do all of this to inflate these bubbles have been changed and they're simply talking now what will be the next big bubble will be mortgage relief again i will be education why was it always safer.

one point to me you know there was plenty of private financing we could have bailed out lehman brothers and everyone else there is so much money on wall street but no what we get now and this is the perception i think widely across the western world is that you have. socialism state socialism for the rich and then you have capitalism for the rest of us so again you know planned economy they all be viable planned economy every quarter we plan it just depends on who is playing it unfortunately wall street was planing but you simply playing it or the us economy and they ran it into a disaster no question that because of the number of wall street officials in both the obama administration. you know go right into the economic facts and i go there with. you know obama said this week it didn't start with donald trump he's a symptom not the course he has been capitalizing on resemblance but it to should

have been playing in four years because of that british cess over donald trump who has been feigning all of this obama for two consecutive terms was in the country i like the way jimmy door put it in his show he said it was not donald trump called me the u.s. defense budget seven hundred billion dollars it was not trump who started the wars in libya who helped the war in ukraine and in syria it was a mama and now obama is saying that you know i think the course well he's not this is hitting an interesting point here i mean we article in the american consumer encourage our viewers to look at the american consumer some great stuff that you know all the time against trump we could talk about that there but the conclusion to this is that i think it's kind of interesting and it kind of goes back to what mark was saying quote for his supporters trump's continued occupancy of the white house is more about cultural review puts him. middle finger to

a failed establishment then a knockdown drag out fight over real political change. and i think part of this effort or the course they refer to especially have been referred to as a chorus well i think the effort to bring down. or is a love of the legations which is socialism and proven it isn't going to go down well with this voters because us are mentioned a lot of this. largely came to power because of the way the leads responded to this financial crisis and again smart point out no one else there was no investigation was no mueller in this occasion 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 lead tool openly. bringing this forward he's now going to be essential but there's a huge irony yeah mark is that nothing has been proven against 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 way this held accountable troppo 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 for all of this but you know he is a member of the one percent sure he is not a part of the establishment he's a hanger on we all remember the pictures of clinton 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 transfers 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 resentment to get me angry he at least addressed the everyone

else the democratic the republican elites did no idea that anyone has even suffered well the interesting thing too is if you look at took the tax code you know and of course 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 but team 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 split it very well he said that when i was young the middle class was improving now i see it. and the blame game 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 of climate change the way i saw that everything was i just didn't go ahead. mark. did i think many will be. blamed for one account the ism is being blamed but in this instance this wasn't really capitalism because in capitalism they also do things wrong and essentially they work as part of their and they're punished and those are the 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 little 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 ed 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 yaquis and neo liberalism with the worst aspects of keynesianism with 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 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 there are some companies that just don't get punished and the only way that we sessional. also with the iraqi war no

one will know what was it what you do with it is what made me thought because that is bipartisan crisis what crisis and you know the endless four and more sort of you i don't care about class war but class war cares about you or i don't know gentlemen we're going to a short break and after that short break we'll continue our discussion on some real news with our. shows like these junk food companies that are. rather just so they get you they give you diarrhea and then you care for diarrhea so the cycle of family they get you hooked on heroin and they try to give you the cure for. care for them but they also found something to carol and. the ability to keep you locked into a perpetual life long dystopian heroin.

this fall junk food life. on the list and. i'm just not. there are those. in the him. with. the money i'm not going. so how does it really. want to. mislead. a. lot of. work in your world or you know.

there's a lot of the. ministry's police forces and city administrations of many countries depend on one corporation that does my mike was going to. cause. this dumb is going to come up with that. proprietary software you don't know the source code isn't that such a security risk when you have to wait you know what they suggest an is via european company you could pay the clearinghouse for imported oil and the clearinghouse will give that money to another company from the european union which provides goods and services for europe well the whole problem is that sanctions 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 breeches here and it is widening because if the european countries want to get around trumps ancients there's other things that the european countries are saying hey well maybe we could use this mechanism or created 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 reliance on the us economic and financial system has been a source of great power for the us 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 foreign affairs that recognize is this term our 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. did they were going to. trump came in to 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 everyone 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 it's out economy i mean it should start looking you know if you had some fear not in terms of in terms of defense in terms of security in terms of money so there is. going to say there is a division in europe though not everyone is on board like marco pushed back a little bit because you have got to sometimes as merkel get on the winning side lately. and i just want. to resume still there. are some arguing the need to have strategic patience just wait for the next guy that everything will go back to normal other side essentially saying you know this is a trend this. that's an ostrich strategy to stick your head in the ground and that storm will pass yet there's a problem with the you of course is they're not really one entity they are divided they don't agree on anything if the e.u. is serious about fighting back against the us they would put sanctions on any u.s.

financial companies that abided by the sanctions that the u.s. is putting is threatening to put on e.u. countries and let's remember the trumpet ministration is now threatening the e.u.'s energy security in two ways both with. trade with iran which of course is principally oil and threatening them over the gas the north stream pipeline with gas from russia's gazprom which they need to get gas and. as all this is going on a trump announces new sanctions against china sanctions against iran sanctions against russia same thing against canada mexico everyone else i'm starting to rethink my own personal finances in light of this and i'm investing heavily in stock in popcorn because ok. because there's all of this is going on in the us is weakening its dumb better one mechanism other than the military for global hegemony

i am enjoying watching them destroy the road because you know what power. for the program and i said to. me you know it's not. america first policy because it's turning into only america policy which is you know you can you know the u.s. is an enormously powerful country no one denies that it's still in the center of the financial system of the world everyone knows that we can't deny it but it seems to me that the way the dollar is being used. only looking very good i would say narrow towards. that smarts word narrow short sighted national interest that is. dating the us from friends and obviously phones the problem with you is that it's polish is what consequential they are against sanctions against iran why would a thing for the war in syria why are they

a for the war in need syria and libya where a peaceful country if they did that that can you what they would not be a threat to europe but they went along with obama and then they said no we're not going to war with trump against the tall lady and you can call their favorite barber to their dog tramp it's not a symptom don't trump donald trump is a symptom he is not the cause they went to war with their ideology for a few decades now and now they want to get off the train to wait i would add though that this earlier mention this possible could get stronger and that's exactly where i want to go there you know well i was just going to say that. several american officials make the point that. they're sending also signals out 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 their opinion so that's layered ministration are speaking with

one voice but as you know i find that to be a very hazardous policy let's wait a few a couple of years i mean the you know there's a lot of here and now we shoes that are going on you know markets seem it seems that you know. you know with this new book fear that has come out you know right exactly. bob woodward's book. it seems to be they're pushing the twenty fifth amendment strategy 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 repeatedly for two years. if there were some kind of collusion you would have been leaked by now by peter struck at least a page you know well beyond the arguing the 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 is powerless i mean trust 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 visit 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 said and he's

handed the neo cons 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 it in venezuela yeah that's what i'm thinking of coups he was put on i can't believe i can 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 does his best 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 and 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 the. he went off that he saw even though the song was not in danger at all it was called a reformer but you know there is a problem they are very police procedure politics with real issues ok on that point gentlemen were brought out of time many thanks my guest here in moscow this is the

end of our broadcast segment stay with us for the extended version on our youth you tube channel so you next time and remember. in twenty forty you know bloody revolution to crush the demonstrations going from being relatively peaceful political protests to be creasing the violent revolution is always spontaneous or is it your style or here i mean you are liz put video clue in the new bill is that i'm spoiling you to the former ukrainian president recalls the events of twenty fourteen. of those who took part in this today over five billion dollars to assist ukraine in these and other course that will ensure a secure and prosperous and democratic.

two thirds of american households do not have five hundred dollars emergency. as crazy you know your population doesn't have money and you money maintaining thirteen aircraft carriers around the room why why did you change your policies and do something that is good for the legs. and good in the long run . leaks.

when you. look at that is too close to the book called the but. it's close to the roots of that scene i mean there's. just too little. sleep. until this time. my guess is that is it will not end.

so there are a lot of those still. highly and in the him about nutrition of how the nine. o'clock o'clock in the footy look i. don't want out of the modern i don't want to give up. something that's really not want to. mislead just. thrown up on the. art of a shuffle stem and we have. all the more. you know but a little warmth and you know we'll see. more and. so what are the other.

the top stories on our me a russian military chats with fourteen people on board goes missing off the syrian coast during an israeli. air province. russia take

a agree to demilitarize saying between syrian government forces and militants as a counter terrorist operation is put on hold. protests erupted in the libyan capital on sunday even living conditions house amid seven years of war following foreign intervention and the country.