to hold any of this against and it was actually a very very important diplomatic breakthrough to avoid a humanitarian catastrophe and so while bruton is celebrating why the syrian celebrating why the turks celebrating the iranian supporting this deal you know there is a really suddenly sent for war plays to bomb the syrian position they said you know military facilities are going to send some rockets to hizbullah in lebanon we don't know yet but to choose lattakia where that question military airbase i think this is this is a really really really provocative action and this time while the russian are trying to reach a cease fire and because israeli government denies all responsibility blames the regime just remind us because some people might not even realize that how israel is

involved in bombing of syria this is not me the greed of the u.n. security council or oh under any u.n. mandate why is israel bombing syria see them is a sovereign state that isn't really syria at two hundred and seven times for the last eighteen months why they are doing that they are saying we are bombing the enemy and troops there in facilities but they are not allowed there is no international resilience being there at the invitation of the syrian go anywhere invited by the syrian government like that i said where invited by the syrian government in order to fight radical rebels the terrorist organization in syria so why things are a bombing them nobody give the you know the authority or the international legality to do what they are doing so now actually there are. problems for the russian the russian said clearly there is there really aren't for responsible. for these kind

of attacks they use the russian sort of bill as a plane as a cover in order to actually get to the region where that is a war plane where we're at tacky so in order to be shot down so and i shan't were very angry the question is how that actually is going to tell you how you think there will first be finished. and invoiced said they have about ten thousand to fifteen thousand fighters they should be liquidated see that all this about as i said you have to the british government does consider them terrorist even the foreign office is a sort of the beginning honestly that's what i really get to because even though they except of the british government that ariel sharon was exerting more influence over the areas that the british taxpayer was funding a police force seem to be working with them the british government denies that so why is britain supporting these is the most was the dutch government just said they're going to withdraw funding for the white helmets accusing the white helmet of poor oversight of dutch taxpayers' money being funneled through into britain is

doing that israel obviously is reacting to this whole established. british government and they find it so the problem is now you know those groups to be to be honest they have a very suspicious all especially talking about chemical weapons suddenly. in syria they were actually providing all the so-called if it does that that action or the syrian use these. chemical weapons and proved to be honestly completely unfounded at least of the russians a false flag attack is being referred to as we speak we spoke to have the white house are denied those sorts of allegations but given what you're saying what way on earth would benjamin netanyahu want to resume basically support those whose aspirations are shared by terrorists who are responsible for the london bridge attacks here the westminster attacks why would your resume support anything like this you know the big incompetence if you. back

a bit you know about seven years ago the british government actually we're putting pressure on the. european union to actually lift the embargo on financing and arming syrian rebels and they send a lot of weapons to those the rebels i would you want to do they want because they want to topple assad that e.g. and they want to do everything in order to topple the assad regime at any cost even if they committed illegal acts so that's what happened and they actually they were coordinating with saudi with the americans with the qataris in order to actually topple their said that they feed to do so this is the problem now they are saying these groups are terrorist groups stop why you were not able to tell from the beginning if you ask me so if it is a go i will tell you you know. that you know our affiliate organization of al-qaeda it was very clear so why did you support that even even or the islamic state it was you know it was supported by the west directly or indirectly

a lot of millions where. channel two top state ok well putin said there'd be retaliatory measures for the diplomatic spoke sions of to this group are the incident is there now promising some sort of retaliation if as you say it involves the s four hundred system which apparently there's an agreement to sell russian as well hundreds of turkey the nato ally and to saudi arabia u.s. and british what do you think we can expect in britain as a reaction to russia selling s. four hundred missiles to syria i think it would be a devastating blow to the british to the american to the israeli themselves if that syrian air force or differences actually got these kind of missile very sophisticated me signs i think there is a really wouldn't dare to attack syria get anyone expecting the response or most good to be some sort of support for the entire arab world the. groups for the fifteen million palestinians around the world just as they're going to sadly be disheartened by. because response when i was going to be any new upholding of un

resolutions or singled out for most. school actually will side by the oppressed people in palestine i hope the move school actually will kill the saudi will kill you know that ok look for your brothers but assume products and try to help them so i think you know russia here should actually do something now the israeli are rewarding russia for its actually not doing things and things to the palestinians by shooting down actually in the water for them in syria and in danger in their military base in syria so i think should do something here so it's very very early enough is enough. thank you after the break a colossal failure of common sense we speak to a former vice president had lehman brothers about why managers ignored his warnings of the bankers crash ten years ago this week that would bring over one hundred million people into abject poverty and robinson karpal karaoke just summarize the

shop rounding up the week's headlines with maybe an action. part two of going underground. survival guide. to start to. get. back to. replace.

it with the rest in seven years. philip kaiser. in the age of triumph winning is all that matters the phrase by any means necessary truly been weaponized now politics has little to do with policy front and center of procedure grievances and resentments. break out. welcome back joining me now to go through some of the stories a journalist and writer one of the leading independent news sites the canary steve steve thanks for coming back before we get to the papers how amazing was that piece of journalism on the state by the b.b.c. nick robinson the today programme present interviewing the prime minister to resume getting amazing access and telling us what the break the debate was about it was fascinating wasn't it if you want to con mash up between koppel kerry i could go box and gardens whoa then i knew you were in your element was over the evolution of

the look i mean it was froth at best it was it's a shame because the previous week's panorama on the academy trust which was a major investigation was excellent really good piece of journalism and then you get nick robinson come along and it's essentially i mean it's establishing arguments that they had labor's case star in there just with fluff as it were and probing questions looks or nonexistent really but then it's what we've come to expect from the b.b.c. it was fairly big standards yeah well the interesting well the t.v. channels and all of the b.b.c. our appalling does of asia let's go to the role that we have mail so russia is watching a bit later this information war using from an unfunded channel r.t. one's culture secretary jeremy right in the wake of not interview this is the usual con of soft power propaganda we're saying there's an interesting there's a massive report out last year that if you saw from the department for culture medium sports with foreign office which says that the they need to step up their

soft power war against russia and the century what they consider to be russian propaganda and they're going to do it by all means necessary to try and counter this but they've been using these arguments against r.t. for ages and having tons of been warned it's going to take. of the air and it is because from i mean personally from my perspective and never told what to say when i come in here on the open to get my views and you will see i was a channel it reports on issues which repressed and often cover which are really important countries that the work is done on disability rights especially has been excellent and this is an accuracy in the existing that ten north pole milledge breach is one of the i think reverse of this program we've been cleared completely . so that's because brainiac you see in the daily mail you know that's impossible actually but what about the leader of the opposition let's go to this wells week from the editor of the jewish chronicle yes they are stained editor of the jewish chronicle stephen it's been hesitating to tweet this because i keep thinking it can't be short it's controversy but the more i think about it the more it seems it really is this is you know what i'm talking about don't you and yes i do it's appalling bang because i was referring to a tweet bunny germy call but it was

a video. for the tenth anniversary of the financial crisis and he was essentially putting the blame on of say a banking institution decides it's starting a book so this one for the jew is going to believe that all bankers the jews all of us who does this is this is this must be true or they were talking about the international consortium of clowns maybe as opposed to jewish people running the banks but where do you think that leaves the rubble. obviously i think is intentional by and i can't see any other reason because he would he's a newspaper editor he's obviously highly educated and highly trained in what he does he would not put that of out there not nine since a german called when is is using old and she's mythic troops because he's criticizing bankers on the ten year anniversary of lehman brothers exactly it's part of this ongoing attempt to smear gold in the sun something he's essentially not when on the other hand you have the conservative party as we once talked about and minutes openly flouting their right wing credentials well it is deny to dres

ways of dealing with viktor orban allege that the ceiling let's go to this really new statesman indeed the tory support to hungary is part of a decade of far right the launches in europe its variants. new statesman actually it cites that the tory only pays to vote is against the european union trying to discipline the hungry for. victorian coals is a liberal democracy a new statesman go bit deeper on this and they say that this is been an ongoing thing since around two thousand and nine when the conservative m.e.p. broken forms with the european conservative and reformists caucus which is made up of predominately far right groups now of course on the one hand you have. been called in as some sort of rabid anti semites and then you have the conservative party basically siding with an anti-semite to viktor orban so of course a guy in this is nothing new the sort of centrist right in this country are often quite happy for the far right on the rise because it is unusual mechanism for them

in many ways not least because i can go look at them and we're not as far right it's not that extreme moberg was denies it which is of unease friends with quite a few politicians in favor so i think it's also going to be with the best of austria merkel. today. well probably less coverage is being given to the labor party having a conference this weekend let's go to your baby rightful yes so labor's plan for the d.w.p. tama for work and pensions is not good enough they must do better slabbing corbin that's where the kerry positions itself these days go through this well look this is centering around universal credit the new benefit the pensions rolling out which take six or benefits rosamond's a new one it's come under a lot of critics criticism from child unions and buying groups even the archbishop of canterbury came out condemning its because critics say it's in juicing poverty homelessness while on food banks and it's essentially not fit for purpose. and so you say you have called for it to be scrapped later so far not taking that position

despite opposition was a vicks course and i think far as corben will go is as far as a go and for me this was sounding off if you like but there's a growing. for labor to commit to scrap it because essentially it's not fit for purpose and a lot of people believe by design it's supposed to be going to go to seed to dry and destroy to the last moment is questions why the difference mismatch between the policy and what goulburn says moment i think is very difficult firstly because of the law and there's always used against labor about their economic illiteracy after the financial crisis which it's always repeatedly blamed them for i think if they scrapped universal credit they justified somewhat of a gold medal around bailouts of the banks well guess what happens that go. i think the problem with the universe credit is that in the budget for it's fifteen billion pounds so i think some nervousness about four million children are involved but it's actually submitted to you and i and most people are saying look and i brought in i mean fifteen billion in cash behind the back of the sofa job and sums of the government's budget in g.d.p. so it's not it's not shoot money and like you say million children in poverty and

homelessness rockets and so on. it would be a good policy for them to adopt i'm not sure if they will but once that happens of course it will thank you well this week marks ten years since lehman brothers became the biggest bankruptcy in american history after it came policies like universal credit in britain and around the world what the u.n. said was more than one hundred million pushed into abject poverty joining me now from new york city is lawrence mcdonald formerly vice president at lehman brothers and author of a colossal failure of common sense the inside story of the collapse of lehman brothers larry thanks for joining us ten years this week after the collapse what lessons do you think wall street and the city of london have learned well central bankers haven't learned much i mean in the years before lehman the fail the federal reserve our u.s. fed kept rates at one percent for years and i'll never forget being on the trading floor at lehman in two thousand and five two thousand and six they were telling us

because of the incredible visibility that central bankers were giving them they were telling us to take more risk take more risk take more risk and here we are ten years later and central bankers have. driven trillions of dollars into turkish bonds trillions of dollars into south african bonds emerging markets and it's really the risk has just been transferred from the banks over to the sovereign countries but you know if interest rates are raised by the fed or the bank of england here in. britain as you suggest that could crash the economy to germany cool been the leader of the labor but he is financial advisor telling him that will crash well if specially after you know seven years of keeping interest rates at zero the point is we should have we should have been aggressively hiking in two thousand say fourteen fifteen remember the federal reserve promised us in two thousand and fourteen fifteen sixteen fifteen rate hikes and they only hiked twice

into the once in two thousand and fifteen one to two thousand and sixteen so by holding rates so low so long they've created a much bigger problem and you're right that it's very tough to get out of now let's go then to the big geo political economic stage jump as promised trying to protect the u.s. economy from china do you favor the terrorists well i'm going to be in the white house tomorrow we advised we have the bear trap support we had buys clients globally on trade and political risk and i think the white house is looking at the midterms the elections here in the fall they're trying to score some points trump promised trade protectionism in two thousand and sixteen in the elections but he's really playing with a dangerous dangerous toxic recipe here because the chinese economy is for the banking system in china the banking system is forty four trillion in size that's three times the u.s. it's a very leveraged economy so every two hundred billion in tariffs that you put on in

the extremely leverage economy creates a very very dangerous dynamic for the global economy you don't think there's a danger there of judging. in new liberal capitalist markets the same statistics as in a quasi come on economy like the people's republic well people been saying you know for years that there's twelve men in the room in beijing and the madison man on earth and they have been getting away with this for years they probably will put forth another stimulus package and we think that's now coming in the next quarter so they've been throwing a hundred billion two hundred billion three hundred billion stimulus prep packages at a two to three trillion dollar problem so they've been able to to really get away with it for a while now yeah but you're looking at correlations of g.d.p. thinking of it is a normal country like in western europe i mean some people refer to the canning index you should be looking at and the christie production rail disbursements or

even satellite danger of lights at night you're looking at the wrong statistic when you judge that debt to g.d.p. ratio that you'll see the u.s. canada mexico alliance is. say forty thirty forty percent thirty percent of global g.d.p. so that isn't something that china doesn't want to miss out on so anything that impacts china relationships with the western world they can't make it up in emerging markets. thank you and that's it for the show will be back on saturday when privatized and on british airways flights from of the just have to run to conform to the u.s. violation of the iran nuclear deal agreed by britain and russia on saturday we asked the man who could be president of nigeria next about a ward of them's the alleged was like a liberal democrat be to vince cable and u.k. foreign secretary for that have been given out by social media we'll see on saturday thirty eight years to the day you came back to saddam hussein invaded iraq saddam would go on to use w m d against the islamic republic with the knowledge of both the u.k. and u.s.

government. please. please. notice anything she. said as that. night. so there was a built. in into him about the question of how they not. look . for the look i. don't want the money i don't want to worry about. something that really none of us want to. mislead just. a phone call from the. aunt of

a shuffle stemming we have been down. in the world and we'll get a little off and then you know what. shall i do you saw that this idol of the. leaks last leak out. when you. look at the distant cousin was it's a book called the but. it's

going strong it's about seeing. just chill. at that level that you need to do not know what are in just.

a tragic chain of events or intentional provocation after the dawning of a russian military plane in syria israel russia and syria look for the guilty party we look at how far this may go. also ahead on the program this hour greece relocates the always sins of asylum seekers from an overcrowded refugee camp after an cry from human rights.